2016-10-25T16:23:10-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2015-01-01 741271704 CENTEX CITIZENS CREDIT UNION CENT 2545629296 PO BOX 1252 MEXIA TX 76667 JANIS MASSEY PRESIDENT 2545629296 2016-10-21 1 JANIS ISAACSON P00089104 6022662248 2015 2017-02-10 21:41:12Z JANIS MASSEY PO BOX 1252 MEXIA TX 76667 3171590 0 X WWW.MYOWNCU.COM X 1954 TX CENTEX CITIZENS CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION WITH A STATE CHARTER AND IS A MEMBER OF THE NATIONAL SHARE INSURANCE FUND. 7 7 21 0 10368 -10910 0 0 3091380 3099261 57402 53588 14430 18741 3163212 3171590 0 0 0 0 962575 1177466 0 0 0 1551852 1564557 2514427 2742023 648785 429567 59928421 62483793 47872352 49933333 12056069 12550460 X COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES. 0 0 SHARE ACCOUNTS: CENTEX CITIZENS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH OUR MAIN OFFICE AND BRANCH LOCATION. ACCESS IS ALSO AVAILABLE THROUGH THE INTERNET HOME BANKING, TELEPHONE, AUDIO RESPONSE AND ATM'S. CENTEX CITIZENS CREDIT UNION HAS A YOUTH SAVINGS PROGRAM THAT ENCOURAGES CONSISTENT SAVINGS HABITS. CENTEX CITIZENS CREDIT UNION HAS 7,201 MEMBERS. CHECKING ACCOUNTS: CENTEX CITIZENS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, MOST OF WHICH OFFER MONTHLY PAID DIVIDENDS. OUR MEMBERS HAVE ACCESS TO THEIR ACCOUNTS THROUGH TWO LOCATIONS, FREE DEBIT CARDS, FREE ATM CARDS AND FREE INTERNET ONLINE BANKING. WE ALSO OFFER A BILL PAY FEATURE WITH UNLIMITED TRANSACTIONS FOR FREE. 43% OF MEMBERS HAVE CHECKING ACCOUNTS. CONSUMER LOANS: CENTEX CITIZENS CREDIT UNION HAS PROVIDED CONSUMER SIGNATURE LOANS FROM THE BEGINNING. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING WITH FLEXIBLE OFFERINGS FOR VEHICLES, RECREATIONAL VEHICLES, WATER CRAFTS, MOTORCYCLES, HOME FURNISHINGS, HOME LAWN EQUIPMENT AND SHARE AND CERTIFICATE BACKED LOANS. BOTH LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS. CENTEX CITIZENS CREDIT UNION PROVIDES HOME EQUITY LOANS WITH A SINGLE DISTRIBUTION, A VARIABLE RATE OF INTEREST REVIEWED ON AN ANNUAL BASIS WITH A MONTHLY PAYMENT. CENTEX CITIZENS CREDIT UNION FUNDS OTHER REAL ESTATE LOANS TO PURCHASE OR REFINANCE A HOME. CENTEX CITIZENS CREDIT UNION ALSO FUNDS A LIMITED AMOUNT OF BUSINESS LOANS TO LOCAL BUSINESSES IN AREAS WHERE OUR EXPERTISE ALLOWS US TO UNDERSTAND THEIR BUSINESS OPERATIONS AND THEY USE REAL ESTATE OR EQUIPMENT AS COLLATERAL. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 881 0 1 21 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JANIS MASSEY 2545629296 PO BOX 1252 MEXIA TX 76667 KENNETH POLLARD JR CHAIRMAN 1.00 X 0 0 0 RICHARD JOHNSON VICE CHAIRMAN 1.00 X 0 0 0 TERRY DON SHIVERS SECRETARY 1.00 X 0 0 0 CHARLES WARREN TREASURER 1.00 X 0 0 0 BOBBY MCDONALD BOARD MEMBER 1.00 X 0 0 0 DONNA SAVAGE BOARD MEMBER 1.00 X 0 0 0 DENNIS WILSON BOARD MEMBER 1.00 X 0 0 0 JANIS MASSEY PRESIDENT/CEO 40.00 X 111935 0 6723 KAY FOWLER EXECUTIVE VICE PRESIDENT 40.00 X 62404 0 6723 TAMI GIFFIN BRANCH MANAGER 40.00 X 54150 0 6723 DEBBIE WILSON BRANCH MANAGER 40.00 X 40269 0 5670 268758 0 25839 1 0 0 0 FISERV PO BOX 99924 GRAPEVINE TX 760999724 DATA PROCESSING 430064 1 INT. ON LOANS 522100 2277451 2277451 SHARE DRAFT INCOME 522100 389035 389035 DEBIT CARD INCOME 522100 254322 247790 6532 LOAN FEE INCOME 522100 76405 76405 M/C INCOME 522100 71882 68046 3836 30166 30166 3099261 53588 53588 MISC INCOME- 150000 900099 18741 18741 18741 3171590 3161222 10368 0 268758 511699 207950 137321 51738 3897 512314 9130 25520 74425 127567 166378 36000 157424 86847 35133 LOAN SERVICE 176776 PROVISION FOR LOAN LOSS 79257 ALL OTHER EXPENSES 57889 ANNUAL MEETING 16000 2742023 2633137 2316406 15075554 16723199 39024885 39067609 26706 79568 4243480 1518952 1385424 2724528 985079 790678 797636 781805 59928421 62483793 570051 766410 47302301 49166923 47872352 49933333 X 0 0 0 0 12056069 12550460 12056069 12550460 59928421 62483793 X 429567 64824 X X 0 1 X 1 0 597149 597149 3129430 1042589 2086841 516901 476363 40538 2724528 SHARES 18957920 SHARE DRAFTS 9422649 IRA REGULAR SHARES 2590795 IRA CERTIFICATES 1908259 REGULAR CERTIFICATES 12771062 MONEY MARKET ACCTS 3516238 49166923 3171590 0 3171590 0 3171590 2742023 0 2742023 0 2742023 FORM 990, PART VI, SECTION A, LINE 6 CENTEX CITIZENS CREDIT UNION'S FIELD OF MEMBERSHIP IS LIMITED TO PERSONS WHO WORK OR RESIDE IN LIMESTONE COUNTY, TEXAS AND THAT PORTION OF FREESTONE COUNTY WEST OF I-45 AND SOUTH OF HIGHWAY 22; AND THAT PORTION OF HILL COUNTY SOUTH OF HIGHWAY 22 AND EAST OF I-35 TO INCLUDE HILLSBORO; WITH THE FOLLOWING EXCLUSIONS: PERSONS THAT ARE ELIGIBLE FOR PRIMARY MEMBERSHIP IN EXISTING OCCUPATIONAL OR ASSOCIATION-BASED CREDIT UNIONS IN NAVARRO AND HILL COUNTIES AND MEMBERS OF THE FAMILY OF SUCH PERSONS. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR A QUORUM OF THE MEMBERSHIP (25 OR MORE MEMBERS) OF CENTEX CITIZENS CREDIT UNION ELECTS TWO OR THREE PERSONS TO SERVE THREE YEAR TERMS ON THE BOARD OF DIRECTORS. THIS QUORUM CONVENES AT AN ANNUAL MEETING HELD BEFORE JUNE 1ST OF EACH YEAR. EACH MEMBER IS ALLOWED ONE VOTE AND NO MEMBER IS ALLOWED TO VOTE BY PROXY. 45 DAYS PRIOR TO THE ANNUAL MEETING THE BOARD OF DIRECTORS APPOINTS A NOMINATING COMMITTEE OF THREE THAT DETERMINES IF THE NOMINEE IS QUALIFIED TO SERVE AS A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF CENTEX CITIZENS CREDIT UNION'S GOVERNING BODY FOR REVIEW. QUESTIONS AND COMMENTS ARE THEN SUBMITTED TO THE PRESIDENT WHO PREPARED THE FORM 990. WHEN THE BOARD OF DIRECTORS ARE SATISFIED THE REPORT HAS BEEN COMPLETED ACCURATELY AND CORRECTLY, THEY GIVE FINAL APPROVAL FOR IT TO BE SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPOINTS A COMMITTEE WHICH USES THE CUNA ANNUAL COMPENSATION SURVEY TO ASSIST IN DETERMINING THE PRESIDENT'S COMPENSATION. THE PRESIDENT DETERMINES THE COMPENSATION FOR OFFICERS AND ALL EMPLOYEES USING THE SAME CUNA ANNUAL COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 CENTEX CITIZENS CREDIT UNION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON FUND BALANCES 39,540. PRIOR PERIOD ADJUSTMENT 25,284. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OVERSEES THE AUDITED FINANCIAL STATEMENTS. THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.