2025-11-13T17:00:31-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 741109927 COMMUNITY RESOURCE CREDIT UNION COMM 2814223611 3110 ROLLINGCREEK DR BAYTOWN TX 77521 MIKE LIBBEY SVP, CHIEF FINANCIAL OFFICER 2814223611 2025-11-11 1 0 TANYA MEDGAARDEN P01717240 5074347000 2025-11-11 2024 2025-03-06 01:10:19Z CRCU CHAD HEESE 3110 ROLLINGCREEK DR BAYTOWN TX 77521 67664417 0 X WWW.CRCU.COM X 1935 TX TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP PROVIDING EXCEPTIONAL SERVICE & QUALITY PRODUCTS. 8 8 253 12 149213 67859 0 0 51925287 59712237 2996604 5835007 1110758 1868081 56032649 67415325 0 45715 7605953 12100825 17435823 18694719 0 0 0 25527717 29746228 50569493 60587487 5463156 6827838 848944025 895067097 781327311 814574378 67616714 80492719 X TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP PROVIDING EXCEPTIONAL SERVICE & QUALITY PRODUCTS. 0 0 SHARE SAVINGS ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 60,822 MEMBER-OWNED ACCOUNTS AS OF DECEMBER 31, 2024. MEMBER SHARE SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND ARE ACCESSIBLE THROUGH THE BRANCH NETWORK, HOME BANKING BY MOBILE DEVICE OR INTERNET, AND ATMS WORLDWIDE. CHECKING ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION PROVIDES DIFFERENT CHECKING ACCOUNTS TO MEMBERS WITH DIFFERENT FEATURES. THE RANGE VARIES FROM FREE CHECKING ACCOUNTS TO CHECKING ACCOUNTS WITH ENHANCED BENEFITS. DIVIDENDS ARE PAID MONTHLY. THE CREDIT UNION EXTENDS THE UTILITY OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARD AND INTERNET AND MOBILE ACCOUNT ACCESS. MONEY MARKET ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION OFFERS MONEY MARKET ACCOUNTS FOR MEMBERS WHO CHOOSE TO KEEP THEIR FUNDS LIQUID, BUT WILL NOT TRANSACT AS MUCH AND DESIRE TO EARN AN ENHANCED YIELD. DIVIDENDS ARE PAID MONTHLY. CERTIFICATES OF DEPOSIT - COMMUNITY RESOURCE CREDIT UNION OFFERS THE HIGHEST YIELDS TO MEMBERS WHO AGREE TO KEEP THEIR MONEY DEPOSITED FOR A SPECIFIC AMOUNT OF TIME. INTEREST IS PAID MONTHLY. MEMBER LOANS - COMMUNITY RESOURCE CREDIT UNION OFFERS A WIDE VARIETY OF LOANS TO ITS MEMBERS, INCLUDING: VEHICLE, RV, BOATS, MOTORCYCLES, CREDIT CARDS, SIGNATURE LOANS, MORTGAGES AND COMMERCIAL LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 17964 0 1 253 1 1 1 0 0 0 0 0 0 0 1 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X MIKE LIBBEY 2814223611 3110 ROLLINGCREEK DRIVE BAYTOWN TX 77521 RANDALL SANDERS CHAIRPERSON 1.00 X X 0 0 0 JONNA CAGLE-PAGE VICE CHAIRPERSON 1.00 X X 0 0 0 ROY BAREFIELD BOARD SECRETARY 1.00 X X 0 0 0 WILLIAM VOLA BOARD TREASURER 1.00 X X 0 0 0 WALLY WHITLEY BOD MEMBER 1.00 X 0 0 0 DICK DAWSON BOD MEMBER 1.00 X 0 0 0 CONNIE A TILTON BOD MEMBER 1.00 X 0 0 0 DAVID MOHLAM BOD MEMBER 1.00 X 0 0 0 RUSSELL BALLARD PRESIDENT/CEO 40.00 X 1185220 0 28680 BRENDA WEINBERGER EVP 40.00 X 463155 0 52683 TAMMY LOCKETTE SVP, CIO 40.00 X 447480 0 30746 MICHAEL LIBBEY SVP/CFO 40.00 X 212966 0 17380 TIMOTHY FOLEY SVP, COO 40.00 X 207074 0 11574 SONYA HARRIS SVP OF LENDING 40.00 X 1423 0 0 TRAVIS SMITH VP FINANCIAL ADVISOR 40.00 X 279393 0 43186 DAVID DANG VP CHIEF INFORMATION SECURITY OFFICER 40.00 X 194507 0 20070 MATTHEW GLASSCO SR. SYSTEMS ENGINEER 40.00 X 162690 0 34669 AARON RATHBONE VP OF BUSINESS LENDING 40.00 X 179501 0 15430 ALYSSA MORETTI DIRECTOR OF HR 40.00 X 142080 0 49454 3475489 0 303872 27 0 1 0 FIDELITY NATIONAL INFORMATION SERVICES PO BOX 4535 CAROL STREEM TX 601974535 CREDIT & DEBIT CARD PROCESSOR 4094738 DIGITAL FIRST HOLDINGS LLC PO BOX 660367 DALLAS TX 752660367 HOME BANKING PLATFORM 1716096 NEWGROUND INTERNATIONAL LLC PO BOX 6228 CAROL STREAM TX 601976228 CONSTRUCTION AND PROJECT 1358161 MCPC INC PO BOX 876656 KANSAS CITY TX 641876656 HARDWARE & SOFTWARE 921023 AUTO SERVICES RECOVERY INC PO BOX 1075 MOUNTAIN HOME AR 72654 GAP/EXTENDED WARRANTY FOR AUTO LOANS 536855 39 INTEREST ON LOANS 522100 39289085 39289085 OTHER INCOME 522100 12506491 12459278 47213 FEE INCOME 522100 7916661 7814661 102000 59712237 5860059 5860059 224040 249092 -25052 -25052 -25052 MISCELLANEOUS INCOME 522100 1868081 1868081 1868081 67415325 61431105 149213 5835007 45715 12100825 2658381 12163202 1306486 1602587 964063 152140 202813 2281685 1755812 1239283 1917666 37796 195403 2924891 2233959 276988 PROVISION FOR CREDIT LO 4846645 DEBIT CARD PROCESSING 3529600 LOAN SERVICING EXPENSE 2161813 HOME/MOBILE BANKING 1645306 4344428 60587487 5830340 6491748 59019235 53719713 1436978 717961 4371102 4982288 649925887 690535722 16700624 23042049 64844156 26789349 34128605 38054807 64038781 58064276 2077000 2190700 11415473 17267833 848944025 895067097 5264174 9079273 63500000 62500000 712563137 742995105 781327311 814574378 X 0 0 0 0 67616714 80492719 67616714 80492719 848944025 895067097 X 6827838 727842 5320325 X 0 0 0 6334389 6334389 37225440 11380474 25844966 21284327 15408875 5875452 38054807 MEMBER SHARES OF ALL TYPES 742995105 742995105 X PART X, LINE 2: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF MARCH 31. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. PER FOOTNOTE 1 IN THE CREDIT UNION'S MARCH 31, 2025 AND 2024 AUDITED FINANCIAL STATEMENTS, THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERAIL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF MARCH 31, 2025 AND 2024. THE CREDIT UNION'S 2021 THROUGH 2024 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. THE CUSO, AS A LIMITED LIABILITY COMPANY, HAS ELECTED TO BE TAXED AS A PASS-THROUGH ENTITY. THE PROFIT AND LOSS OF THE CUSO IS REFLECTED IN THE TAX RETURN OF ITS OWNER, THE CREDIT UNION. 0 HOUSTON METHODIST HOSPITAL FOUNDATION PO BOX 4384 HOUSTON TX 772104384 760094743 501(C)3 45715 0 TRAINING LAB FUNDS & COMMUNITY PATIENT ASSISTANCE FUNDS X X 1 1 X X X X X X 1 0 0 RUSSELL BALLARD PRESIDENT/CEO 378842 0 806378 0 0 0 20413 0 8267 0 1213900 0 0 0 BRENDA WEINBERGER EVP 278559 0 134758 0 49838 0 25031 0 27652 0 515838 0 0 0 TAMMY LOCKETTE SVP, CIO 260555 0 147871 0 39054 0 19140 0 11606 0 478226 0 0 0 TRAVIS SMITH VP FINANCIAL ADVISOR 279393 0 0 0 0 0 10329 0 32857 0 322579 0 0 0 MICHAEL LIBBEY SVP/CFO 204604 0 8362 0 0 0 5019 0 12361 0 230346 0 0 0 TIMOTHY FOLEY SVP, COO 188598 0 18476 0 0 0 0 0 11574 0 218648 0 0 0 DAVID DANG VP CHIEF INFORMATION SECURITY OFFICE 169798 0 24709 0 0 0 5976 0 14094 0 214577 0 0 0 MATTHEW GLASSCO SR. SYSTEMS ENGINEER 155204 0 7486 0 0 0 9967 0 24702 0 197359 0 0 0 AARON RATHBONE VP OF BUSINESS LENDING 134107 0 7296 0 38098 0 7723 0 7707 0 194931 0 0 0 ALYSSA MORETTI DIRECTOR OF HR 142080 0 0 0 0 0 9164 0 40290 0 191534 0 0 0 PART I, LINE 1A TWO EXECUTIVES RECEIVE GROSS-UP PAYMENTS TO COVER THEIR PREMIUMS ON SPLIT-DOLLAR PLANS. MEMBERS OF THE BOARD OF DIRECTORS AND THE CEO ARE ALLOWED TO HAVE COMPANIONS ACCOMPANY THEM TO CONFERENCES. PART I, LINE 4A NAME: RUSSELL BALLARD, DESCRIPTION: SEVERANCE/CHANGE OF CONTROL, CURRENT YEAR AMOUNT: $361,683. PLAN DESCRIPTION: DEFERRED CASH AGREEMENT RETIREMENT DISTRIBUTION RUSSELL BALLARD PRESIDENT/CEO TO FUND DEFERRED COMPENSATION PLAN X 2905000 3035086 0 1 1 BRENDA WEINBERGER EVP TO FUND DEFERRED COMPENSATION PLAN X 972218 972208 0 1 1 TAMARA LOCKETTE SVP/CIO TO FUND DEFERRED COMPENSATION PLAN X 975000 974994 0 1 1 4982288 FORM 990, PART VI, SECTION A, LINE 6 COMMUNITY RESOURCE CREDIT UNION IS A STATE CHARTERED CREDIT UNION, A COOPERATIVE COMPOSED OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS THE GOVERNING BODY AND IS ELECTED ANNUALLY BY THE COMMUNITY RESOURCE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B CREDIT UNION STAFF PREPARE DATA AND INFORMATION FOR CLA. CLA PREPARES THE 990. CREDIT UNION STAFF REVIEW COMPLETED 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C WHEN EMPLOYEES ARE HIRED, THEY MUST ACKNOWLEDGE THAT THEY HAVE READ THE EMPLOYEE POLICIES. THEY MUST SIGN AGAIN IN ANY CHANGES ARE MADE TO THE POLICIES. COMMUNITY RESOURCE CREDIT UNION OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE DIRECTED TO DISCLOSE TO THEIR DEPARTMENT HEAD AND TO HUMAN RESOURCES IF ANOTHER INTEREST COULD GIVE RISE TO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. OTHER EMPLOYEE COMPENSATION IS REVIEWED AND DETERMINED BY A MEMBER OF HUMAN RESOURCES (VP OR MANAGER) AND HIRING MANAGER, AND IF DEEMED APPROPRIATE THE CEO. WE USE A COMPENSATION MANAGEMENT SYSTEM TO SUPPORT THE SALARY DETERMINATIONS. WE ALSO OBTAIN CREDIT UNION SPECIFIC SUPPLEMENTAL SURVEY RESOURCES WHEN DEEMED APPROPRIATE FOR UPPER MANAGEMENT/EXECUTIVE COMPENSATION. DOCUMENTATION IS MAINTAINED WITHIN THE EMPLOYEE FILE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 OUR CONFLICT OF INTEREST POLICY IS CONTAINED IN THE EMPLOYEE HANDBOOK. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE IN THE CALL REPORT ON THE NCUA WEBSITE. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME 5,320,325. CRCU INSURANCE COMPANY 3110 ROLLINGCREEK DRIVE BAYTOWN TX 77521 811808537 INSURANCE SERVICES TX 47213 105154 COMMUNITY RESOURCE CREDIT UNION