2016-11-10T08:08:07-06:00 2015-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2015-01-01 741109889 FIVEPOINT CREDIT UNION FIVE 4097268300 3700 SKYLINE DR NEDERLAND TX 776271366 KENNETH MILLER EXECUTIVE VICE PRESIDENT 4097268200 2016-11-09 1 ROBIN D HOAG CPA P00360662 2482443000 2015 2017-02-10 21:41:12Z ERIK SHAW PO BOX 1366 NEDERLAND TX 77627 55057421 0 X WWW.FIVEPOINTCU.ORG X 1935 TX TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERSHIP WITH VARIOUS LOAN AND DEPOSIT PRODUCTS. 11 11 228 16 73420 -21159 0 0 32689711 34568421 1048935 1488913 66220 73420 33804866 36130754 10000 11000 0 0 11474417 12950868 0 0 0 17549472 18700845 29033889 31662713 4770977 4468041 475487418 507188863 419500521 447501947 55986897 59686916 TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND THE COMMUNITY. 0 0 FIVEPOINT CREDIT UNION ORIGINATED 82,364 LOANS FOR A TOTAL OF $211,084,675 TO OUR MEMBERS DURING 2015. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10330 0 1 228 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 1 1 1 1 1 0 X SAMMIE HOLDEN 4097268240 PO BOX 1366 NEDERLAND TX 77627 GLENN JOHNSON CHAIRMAN 3.00 X X 0 0 0 JAMES SAXON SECRETARY TREASURER 3.00 X X 0 0 0 JOE DICKSON FIRST VICE CHAIRMAN 3.00 X X 0 0 0 JOHN COMEAUX SECOND VICE CHAIRMAN 3.00 X X 0 0 0 LOUIS ANSELMO BOARD MEMBER 1.50 X 0 0 0 JODY BRIGGS BOARD MEMBER 1.50 X 0 0 0 JO BYRD BOARD MEMBER 1.50 X 0 0 0 HILTON FERGUSON JR BOARD MEMBER 1.50 X 0 0 0 KAROL RUSSELL BOARD MEMBER 1.50 X 0 0 0 JACK THORNTON BOARD MEMBER 1.50 X 0 0 0 DENNY WINTER BOARD MEMBER 1.50 X 0 0 0 ERIK SHAW CEO 40.00 X 397059 0 19699 KENNETH MILLER EXECUTIVE VICE PRESIDENT 40.00 X 262444 0 12473 VICKI KELLEY SVP, HUMAN RESOURCES 40.00 X 163490 0 12473 KRISTEN BELLANGER SVP, OPERATIONS 40.00 X 165532 0 9995 JENNIFER WEBB SVP, LENDING 40.00 X 159351 0 3164 MATT BOREL FINANCIAL ADVISOR 40.00 X 179275 0 21206 SAMMIE HOLDEN VP ACCOUNTING 40.00 X 104962 0 3777 DEBORAH SPEAR VP OPERATIONS 40.00 X 102211 0 21186 CATHY HAGNER VP STORE ADMINISTRATION 40.00 X 105430 0 8967 GLYNDA MANUEL VP LENDING 40.00 X 105113 0 6481 1744867 0 119421 11 0 1 0 AMERICAN SERVICE GROUP PO BOX 3400 CONROE TX 77305 MEMBER MECHANICAL BREAKDOWN INSURANCE 971586 CONSTRUCTION ZONE OF SE TX PO BOX 192 AUBREY TX 76227 CONSTRUCTION 809980 FISERV PO BOX 99924 GRAPEVINE TX 76099 SOFTWARE 501145 QUESTMARK 9440 KIRBY HOUSTON TX 77054 STATEMENT PROVIDERS 413244 CLASSIC FORMS AND PRODUCTS INC PO BOX 22017 BEAUMONT TX 77720 PRINTING SERVICES 321991 25 LOAN RECEIVABLE 522100 20963586 20963586 FEES AND CHARGES 522100 13604835 13604835 34568421 1355656 1355656 17730065 1329859 17617702 1308965 112363 20894 133257 133257 NON-MEMBER ATM FEES 525990 44568 44568 INSURANCE PRODUCTS 524298 28852 28852 73420 36130754 34568421 73420 1488913 11000 1205680 8044388 1603012 1416306 681482 142879 117357 176738 1975613 1242970 1773064 1306391 208250 4139 1368848 262714 INTEREST AND DIVIDENDS 2695033 PROVISION FOR LOAN LOSS 2382014 ATM EXPENSE 1714582 LOAN SERVICING EXPENSE 1090397 2239856 31662713 8177619 8960058 37528388 17863720 1005688 1253301 334514604 374349283 988014 1076563 42335776 18474292 23551438 23861484 57431748 67195199 12289919 12629255 475487418 507188863 4848169 6005976 0 6000000 414652352 435495971 419500521 447501947 X 0 0 0 0 55986897 59686916 55986897 59686916 475487418 507188863 4468041 -768022 0 X X 0 1 X 1 0 1631458 1631458 25055749 6007620 19048129 3328077 1705231 1622846 12251074 10761441 1489633 69418 69418 23861484 NCUSIF 4193217 C COLLATERALIZED MORTGAGE OBLIGATIONS 49444161 F MORTGAGE BACKED SECURITIES 10578821 F U.S. GOVERNMENT AND AGENCY SECURITIES 2979000 F 67195199 MEMBERS SHARE ACCOUNTS 435495971 435495971 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES AND STATE INCOME TAX. THE CREDIT UNION IS A STATE CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. 1 SCHOLARSHIPS 11 11000 PART I, LINE 2: THE SCHOLARSHIPS ARE AWARDED BASED ON A PANEL OF JUDGES REVIEWING SCHOLARSHIP APPLICATIONS AND ESSAYS. ONCE THE CREDIT UNION RECEIVES CONFIRMATION OF THE STUDENT'S ENROLLMENT AND PAYMENT OF TUITION, THE FUNDS ARE DEPOSITED TO THEIR SAVINGS ACCOUNT. X X 1 1 X X X 0 0 0 ERIK SHAW CEO 332067 0 42516 0 22476 0 873 0 18826 0 416758 0 0 0 KENNETH MILLER EXECUTIVE VICE PRESIDENT 223003 0 26765 0 12676 0 0 0 12473 0 274917 0 0 0 VICKI KELLEY SVP, HUMAN RESOURCES 133946 0 17561 0 11983 0 0 0 12473 0 175963 0 0 0 KRISTEN BELLANGER SVP, OPERATIONS 139927 0 17561 0 8044 0 0 0 9995 0 175527 0 0 0 JENNIFER WEBB SVP, LENDING 138625 0 17566 0 3160 0 0 0 3164 0 162515 0 0 0 MATT BOREL FINANCIAL ADVISOR 178764 0 477 0 34 0 18000 0 3206 0 200481 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EVERY CLIENT THAT HAS AN ACCOUNT WITH OUR CREDIT UNION IS ALSO A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A OUR BOARD OF DIRECTORS ARE ELECTED BY A VOTE OF THE MEMBERSHIP. ANNUALLY, IF THERE IS AN OPEN POSITION, THE NOMINATING COMMITTEE WILL PUT FORTH THE CANDIDATES WHICH OUR MEMBERS CAN VOTE ON DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY ERIK SHAW, CEO, KENNETH MILLER, EVP, AND VICKI KELLEY, SVP OF HUMAN RESOURCES FOR ITS ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C OUR COMPLIANCE OFFICER ALONG WITH SENIOR MANAGEMENT REVIEW POLICIES ANNUALLY. WE THEN REQUIRE EMPLOYEES TO SIGN THEY HAVE READ AND UNDERSTOOD THE POLICIES. OUR INTERNAL AUDIT DEPARTMENT CONDUCTS AUDITS AND REVIEW TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 FIVEPOINT UTILIZES A 3RD PARTY TO PROVIDE INDUSTRY STANDARD AND REGIONAL SPECIFIC SALARY RANGES FOR ALL STAFF. FORM 990, PART VI, SECTION C, LINE 19 OUR FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: A COMMITTEE EXISTS THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE ANNUAL FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FIVEPOINT FINANCIAL SERVICES LLC PO BOX 1366 NEDERLAND TX 77627 464687469 FINANCIAL SERVICES TX 0 1000 FIVEPOINT CREDIT UNION FIVEPOINT INSURANCE AGENCY LLC PO BOX 1366 NEDERLAND TX 77627 611739967 INSURANCE TX -13435 72281 FIVEPOINT FINANCIAL SERVICES LLC