2025-11-14T09:43:34-08:00 2024-12-31 990 2024-01-01 750905956 Cooperative Teachers Credit Union COOP 9035612603 1424 WSW Loop 323 Tyler TX 75701 Mary Fulmer Vice President 2025-11-14 true 2024 2025-03-06 01:10:19Z Timothy Miller 1424 WSW Loop 323 Tyler TX 75701 7174960 false X www.coopteachers.com X 1953 TX ENCOURAGES THRIFT (SAVINGS) AND PROVIDES CREDIT (LOANS) TO ITS MEMBERS. 7 7 26 7 23725 1496 0 6804042 6197432 640170 736320 -16460 19261 7427752 6953013 135932 160631 1433508 2164314 1711907 1355587 0 0 3853791 3437636 7135138 7118168 292614 -165155 117406952 102688664 112180025 97552842 5226927 5135822 COOPERATIVE TEACHERS CREDIT UNION ENCOURAGES THRIFT (SAVINGS), PROVIDES CREDIT POSSIBLITIES AT A FAIR AND REASONABLE RATE AND ADEQUATE SERVICES FOR THE MEMBERSHIP IN ORDER TO ENHANCE SOCIAL AND PERSONAL GROWTH THROUGH SOUND MONEY MANAGEMENT. false false COOPERATIVE TEACHERS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBERS SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH HOME BANKING VIA THE INTERNET OR TELEPHONE, MOBILE BANKING, AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. COOPERATIVE TEACHERS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE THAT OFFER DIVIDENDS THAT ARE PAID QUARTERLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS BY OFFERING DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND AN INTERNET BILL PAY PLATFORM. COOPERATIVE EXTENDED THESE SERVICES BY UPDATING THE DEBIT, CREDIT, AND ATM PRODUCTS IN 2024 FOR EASIER ACCESS AND USAGE. COOPERATIVE TEACHERS CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITIING AND FLEXIBLE OFFERING FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS. IN ADDITION, COOPERATIVE TEACHERS HAS GROWN THE MORTGAGE PORTFOLIO AS TO OFFER AFFORDABLE HOUSING SOLUTIONS FOR OUR MEMBERS. false false false false false false false true false true false false false true true true false false false false false false false false false false true false false false false false false false false false false false false false true false false true 1643 0 true 26 true true true false false false false false false false X 7 7 false false false false true true false true false false true true false true true true true true true true false X Tim Miller 9035612603 1424 WSW Loop 323 Tyler TX 75701 Timothy Miller President & CEO 40.00 0.00 X 145123 0 0 Sarah Parlett Vice President 40.00 0.00 X 96356 0 0 Mary Fulmer Vice President 40.00 0.00 X 87344 0 0 Wayne Boshears Chairman 1.00 0.00 X 0 0 0 Lynne Stainback Vice Chairman 1.00 0.00 X 0 0 0 Zeb Cantley Secretary 1.00 0.00 X 0 0 0 James Hayden Director 1.00 0.00 X 0 0 0 Gary Howell Director 1.00 0.00 X 0 0 0 Cynthia Johnson Director 1.00 0.00 X 0 0 0 Ora Taylor Director 1.00 0.00 X 0 0 0 328823 1 false false false Crosspointe Mgmt Group 1658 W Grande Blvd Ste 100 Tyler TX 75703 Lease for Branch Location 145574 FISERV PO BOX 208457 Dallas TX 75320 Credit Union Processor 307602 BLUE CROSS BLUE SHIELD OF TEXAS PO BOX 650615 Dallas TX 752650615 Employee Health Insurance 112886 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 252190 4 0 EXTENDED WARRANTY 5773 5773 FEES & CHARGES 396627 396627 LOAN INTEREST 5490180 5490180 OTHER NON-INTEREST INC 286900 286900 TRUSTAGE A&D AND RELATED 12412 12412 5540 5540 6197432 736320 736320 0 0 241208 221947 19261 19261 19261 0 0 0 0 0 6953013 6929288 23725 160631 0 0 2164314 422182 0 695933 27368 122936 87168 0 147646 61804 0 0 0 380971 246898 413494 193024 0 202999 18193 0 0 234688 0 778312 78446 Loan Servicing Expense 543995 PROV FOR LOAN LOSSES 94634 Postage and Shipping 42004 Unrelated Business Income Tax 528 0 7118168 0 0 0 959593 819834 9010920 4738787 0 0 0 0 82462485 74690258 0 237424 21821 10516310 4446427 6609022 6069883 14409973 13450292 0 1000000 0 0 2717535 2897789 117406952 102688664 1665138 1583952 154401 169134 110360486 95799756 112180025 97552842 X 5226927 5135822 5226927 5135822 117406952 102688664 -165155 74050 X false true X false false false true X 1569438 1569438 2535158 726335 1808823 3410982 1619526 1791456 864695 700594 164101 2136037 1399972 736065 6069883 12 MONTH CD IRA ROTH 4355 12 MONTH CD IRA TRADITIONAL 1212186 12 MONTH CERTIFICATES 19178395 18 MONTH CERTIFICATES 30338 24 MONTH CERTIFICATES 5883 36 MONTH CERTIFICATES 266765 48 MONTH CERTIFICATES 18044 6 MONTH CERTIFICATES 18231099 6 MONTH IRA TRADITIONAL 343607 60 MONTH CERTIFICATES 101753 BASIC CHECKING/CP RECLASSIFY 55392 CASHIER'S CHECK 1 CD SPECIAL 11-MONTHS SPECIAL 441692 CHRISTMAS CLUB 1365 CLUBS & ORGAN SHARES 131355 FHLB ADVANCES 5186000 FREE BASIC CHECKING 4155980 INVESTORS CLUB DEPOSITS 20545798 IRA EDUCATION COVERDELL SHARE ACCT 832 IRA ROTH SHARE ACCT. 55083 IRA STARTER SHARE ACCT. 1626999 KIDS CLUB 95095 MONEY ORDERS 1 Rounding 2 SHAREDRAFT ACCT FDA 5825905 SHAREDRAFT/REAL 11041 SHARES REGULAR TYPE 17871251 YOUTH CERTIFICATE 403539 95799756 X 6953013 6953013 6953013 7118168 7118168 7118168 Part IV, Line 2b: Explanation of escrow account liability ESCROW ACCOUNTS FOR MEMBER HOME LOANS. PROPERTY TAXES AND INSURANCE ARE HELD IN ESCROW. Part X : FIN48 Footnote Part x: Line 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES.THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST 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 LIABILITIES 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 MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUTATED ITS TAX POSITIONS AND DETEREMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022.THE CREDIT UNION'S 2020 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. false CTCU Foundation 1424 WSW Loop 323 Tyler TX 75701 501(c)3 148150 135 Cash Paid for tax filing costs on behalf General Fund-grants,scholarships,et 0 1 Form 990, Part VI, Section A, Line 6 ENTITY IS A NON-PROFIT STATE CHARTER CREDIT UNION. ACCOUNT HOLDERS ARE MEMBERS. Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section B, Line 12c AN ANNUAL CONFLICT OF INTEREST STATEMENT IS REQUIRED Form 990, Part VI, Section B, Line 15a CTCU USES A THIRD PARTY TO ANALYZE COMPENSATION FOR KEY EMPLOYEES AND COMPARE TO RELATED POSITIONS IN THE MARKET. Form 990, Part VI, Section B, Line 15b CTCU USES A THIRD PARTY TO ANALYZE COMPENSATION FOR KEY EMPLOYEES AND COMPARE TO RELATED POSITIONS IN THE MARKET. Form 990, Part VI, Section C, Line 19 THE CREDIT UNION IS IN COMPLIANCE WITH ALL APPLICABLE RULES AND REGULATIONS REGARDING PROVIDING INFORMATION TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY, IN A NEWSLETTER, AND ARE AVAILABLE UPON REQUEST. FORM 990, ITEM K, OTHER FORM OF ORGANIZATION: CREDIT UNION FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: COOPERATIVE TEACHERS CREDIT UNION PROVIDES MORTGAGE LOANS TO QUALIFYING MEMBERS. THE MORTGAGE LOAN PROGRAM INCLUDES EFFICIENT UNDERWRITING AND RESELLING LONG TERM FIXED RATE MORTGAGES ON A SECONDARY MARKET WHEN THE MARKET RATES DEEM IT PROFITABLE. FORM 990, PART VI, SECTION A, LINE 8B: THE BOARD OF DIRECTORS ARE THE GOVERNING BODY. THERE ARE 7 VOTING MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS DURING THEIR REGULAR MONTHLY MEETING. FORM 990, PART VI, SECTION C, LINE 18: DOCUMENTS ARE AVAILABLE TO MEMBERS FOR REVIEW IN OUR OFFICES UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CTCU FOUNDATION 1424 WSW LOOP 323 TYLER TX 75701 814173338 TO PROVIDE SCHOLARSHIPS AND RECOGNITION TX 501(C)(3) PF COOPERATIVE TEACHERS CREDIT UNION false false true false false false false false false false false false false false false false false false false false CTCU FOUNDATION b 148285 Cash