2025-11-14T18:02:30-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 741397874 BRAZOS VALLEY SCHOOLS CREDIT UNION BRAZ 2813912149 25525 KATY MILLS PWKY KATY TX 77494 YVONNE KESHNER CEO 2813912149 2025-11-12 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-12 2024 2025-03-06 01:10:19Z YVONNE KERSHNER 25525 KATY MILLS PWKY KATY TX 77494 50032287 0 X WWW.BVSCU.ORG X 1954 TX COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES TO QUALIFIED MEMBERS. 7 7 219 7 42840 0 0 0 36498044 39161416 9015608 10788286 26159 82585 45539811 50032287 13000 15000 0 0 12969102 13923872 0 0 0 31425326 33471503 44407428 47410375 1132383 2621912 961668793 975004017 868804630 879044347 92864163 95959670 X A TRUSTED FINANCIAL PARTNER IN PROVIDING COST-EFFICIENT, HIGH-QUALITY PRODUCTS AND SERVICES. 1 0 SHARE ACCOUNTS: BRAZOS VALLEY SCHOOLS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 64,105 MEMBER-OWNED ACCOUNTS AS OF DECEMBER 31, 2024. MEMBER SAVINGS DIVIDENDS ARE PAID QUARTERLY. SHARE ACCOUNTS ARE ACCESSED THROUGH THE BRANCH OFFICES, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. THE CREDIT UNION ENCOURAGES THE USE OF AUTOMATED PAYROLL DEPOSITS INTO THE ACCOUNTS TO DEVELOP CONSISTENT SAVINGS HABITS. CHECKING ACCOUNTS: BRAZOS VALLEY SCHOOLS CREDIT UNION OFFERS FIVE TYPES OF CHECKING ACCOUNTS TO OUR MEMBERS: (1) MONEY MARKET (2) DIVIDEND BEARING (3) SERVICE CHARGE FREE (4) STUDENT CHECKING AND (5) RESTART CHECKING ACCOUNT. THE MONEY MARKET AND DIVIDEND BEARING CHECKING ACCOUNTS PAY DIVIDENDS MONTHLY. THE SERVICE CHARGE FREE AND STUDENT CHECKING DO NOT PAY DIVIDENDS. THE RESTART CHECKING DOES NOT PAY DIVIDENDS AND IT CHARGES A MONTHLY FEE. MEMBERS WITH CHECKING ACCOUNTS ARE OFFERED FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, FREE MOBILE BANKING, AND FREE USE OF INTERNET BILL PAYER PLATFORM. CONSUMER LOANS: BRAZOS VALLEY SCHOOLS CREDIT UNION OFFERS BOTH PERSONAL CONSUMER LOANS AND REAL ESTATE LOANS TO OUR MEMBERS. THE PERSONAL CONSUMER LOANS INCLUDE: SIGNATURE LOANS, CREDIT CARDS, LINE-OF-CREDIT LOANS AND SHARE/CERTIFICATE SECURED LOANS, OTHER SECURED LOANS AND AUTO LOANS. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ALL PERSONAL CONSUMER LOANS. THE REAL ESTATE LOANS INCLUDE: LAND, CONSTRUCTION, FIRST LIEN MORTGAGE, HOME IMPROVEMENT AND HOME EQUITY, INCLUDING HOME EQUITY LINE OF CREDIT. REAL ESTATE LOANS ARE SERVICED IN-HOUSE WITH ESCROW ACCOUNT SERVICES PROVIDED ON ALL FIRST LIEN MORTGAGES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13127 0 1 219 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X YVONNE KERSHNER 2813912149 25525 KATY MILLS PARKWAY KATY TX 77494 MICHAEL GRIFFIN DIRECTOR 1.00 X 0 0 0 KATHY KUBELKA CHAIRPERSON 1.00 X 0 0 0 VICKI DELGADO SECRETARY 1.00 X 0 0 0 A MELVIN NASH TREASURER 1.00 X 0 0 0 STEPHEN SADLER DIRECTOR 1.00 X 0 0 0 MICHAEL MADDEN DIRECTOR 1.00 X 0 0 0 OD TOMPKINS VICE CHAIRPERSON 1.00 X 0 0 0 YVONNE KERSHNER PRESIDENT/CEO 40.00 X 568097 0 29893 COURTNEY POOLE CFO 40.00 X 232511 0 20932 CHRISTINA FRITH CMEO 40.00 X 178008 0 12341 JAMES CUSHING VP OPERATIONS 40.00 X 164023 0 17971 ANDREA MAESTRETTI VP HUMAN RESOURCES 40.00 X 156342 0 17860 JON HARTMAN VP IT 40.00 X 170863 0 35706 CHELSEA WOOTEN VP LENDING 40.00 X 146677 0 17042 1616521 0 151745 12 0 1 0 GULLO COMMERCIAL CONSTRUCTION LLC 22787 NICHOLS SAWMILL RD HOCKLEY TX 77447 CONSTRUCTION & REPAIRS 2516941 ALKAMI TECHNOLOGY PO BOX 122223 DALLAS TX 75312 ONLINE PLATFORM 933538 SECURITAS TECHNOLOGY CORPORATION 3800 TABS DR UNION TOWN OH 44685 ALARM SYSTEM AND MONITORING 327230 PURE IT CREDIT UNION SERVICES 17665 TELGE RD CYPRESS TX 77429 IT SECURITY 300143 LANVERA 112 WRANGLER DR STE 150 COPPELL TX 75019 NOTICE AND STATEMENT MAILER 270013 14 INTEREST ON LOANS 522100 27314116 27314116 FEES AND CHARGES 522100 5348257 5348257 INTERCHANGE INCOME 522100 5325605 5325605 OTHER INCOME 522100 1130598 1130598 FINANCE AND INSURANCE 520000 42840 42840 39161416 10788286 10788286 82585 0 82585 82585 82585 50032287 39201161 42840 10788286 X 15000 851433 10045297 562125 1645397 819620 17769 200651 178181 632579 1778899 2347233 1619834 84928 130970 11374065 1351005 PROVISION FOR LOAN LOSS 6442900 CREDIT/DEBIT CARD EXPEN 3004784 OTHER EXPENSES 1573339 LOAN SERVICING 1105067 1629299 47410375 7663488 7918613 91263169 140897156 67741 3371 439861183 432256161 1182695 724628 44880270 16077707 24281716 28802563 372859254 334621376 2072624 2287581 22416923 27492568 961668793 975004017 10511923 8244538 1272616 791706 857020091 870008103 868804630 879044347 X 0 0 0 0 92864163 95959670 92864163 95959670 961668793 975004017 2621912 473595 0 X X 0 1 X 1 0 0 1 X 7410962 7410962 28802913 8444626 20358287 792543 750406 42137 7873852 6882675 991177 28802563 MEMBER SHARE ACCOUNTS 870008103 870008103 X 50032287 0 50032287 0 50032287 47410375 0 47410375 0 47410375 PART IV, LINE 2B: THE CREDIT UNION RECEIVES PRINCIPAL PAYMENTS, INTEREST PAYMENTS, TAX PAYMENTS AND INSURANCE PAYMENTS, IN ITS ROLE AS LOAN SERVICER, AND THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES FOR TAXES, INSURANCE, AND MORTGAGE INSURANCE FOR CERTAIN MORTGAGE LOANS. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 MEMBER SCHOLARSHIPS 8 15000 FORM 990, SCHEDULE I, PART III CRITERIA FOR MEMBER SCHOLARSHIPS: 1. BE A CURRENT MEMBER OF BVSCU IN GOOD STANDING. 2. BE A HIGH SCHOOL SENIOR AND ON SCHEDULE TO GRADUATE FROM AN ACCREDITED SCHOOL. 3. SUBMIT ALL REQUIRED DOCUMENTS WITH APPLICATION. INCOMPLETE APPLICATIONS WILL NOT BE CONSIDERED. 4. BE ABLE TO PROVIDE BVSCU WITH A WRITTEN ACCEPTANCE LETTER TO AN ACCREDITED U.S. UNIVERSITY OR COLLEGE THAT WILL AWARD A DEGREE UPON COMPLETION IF HE OR SHE IS CHOSEN TO RECEIVE A SCHOLARSHIP. 5. HAVE A GPA THAT REFLECTS A 3.0 OR BETTER (ON A 4.0 SCALE). 6. BE A U.S. CITIZEN OR PERMANENT LEGAL RESIDENT. X X 1 0 0 YVONNE KERSHNER PRESIDENT/CEO 468886 0 47250 0 51961 0 19108 0 10785 0 597990 0 0 0 COURTNEY POOLE CFO 188016 0 18900 0 25595 0 11340 0 9592 0 253443 0 0 0 JON HARTMAN VP IT 157545 0 2490 0 10828 0 8045 0 27661 0 206569 0 0 0 CHRISTINA FRITH CMEO 79524 0 0 0 98484 0 9187 0 3154 0 190349 0 0 0 JAMES CUSHING VP OPERATIONS 139230 0 13965 0 10828 0 8379 0 9592 0 181994 0 0 0 ANDREA MAESTRETTI VP HUMAN RESOURCES 139230 0 6284 0 10828 0 8379 0 9481 0 174202 0 0 0 CHELSEA WOOTEN VP LENDING 123743 0 12106 0 10828 0 7450 0 9592 0 163719 0 0 0 PART I, LINE 4A CHRISTINA FRITH: $71,413 FORM 990, PART III, LINE 2 BRAZOS VALLEY SCHOOLS CREDIT UNION STARTED OFFERING A RESTART CHECKING ACCOUNT FOR THOSE THAT DO NOT QUALIFY FOR THE REGULAR CHECKING ACCOUNTS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A COOPERATIVE CREDIT UNION OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION'S MEMBERS MAY VOTE ON GOVERNANCE DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B A SUMMARY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF BRAZOS VALLEY SCHOOLS CREDIT UNION'S BOARD OF DIRECTORS FOR REVIEW. QUESTIONS AND COMMENTS ARE THEN SUBMITTED TO THE PRESIDENT/CEO FOR FURTHER DISCUSSION WITH THE FORM 990 PREPARER. FOLLOW UP RESPONSES ARE PROVIDED BACK TO THE GOVERNING BODY PRIOR TO FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND DIRECTORS MUST DISCLOSE/DECLARE ANNUALLY IF THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF ONE ARISES DURING THE YEAR, IT IS DISCLOSED AND REVIEWED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PURCHASED A CEO COMPENSATION STUDY TO ASSIST IN ESTABLISHING THE CEO'S SALARY. FOR OTHER OFFICERS AND KEY EMPLOYEES, COMPEASE IS USED TO ASSESS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 BRAZOS VALLEY SCHOOLS CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT EXPENSE 167,545. CARD CONVERSION-PROCESSING EXPENSE 10,636. FORM 990, PART IX, LINE 24E ONLINE ACCESS FEES 948,825. SHARE DRAFT & CARD LOSS 680,474. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR.