2015-11-16T15:34:46-06:00 2014-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2014-01-01 750992590 TEXANS CREDIT UNION TEXA 9723482000 777 EAST CAMPBELL RD RICHARDSON TX 75081 ANDREW SWOGER CFO 9723482000 2015-11-15 true DANIEL J COLE P00055998 9547551760 2015-11-16 2014 2016-02-25 16:41:14Z KEVIN DURRANCE 777 EAST CAMPBELL RD RICHARDSON TX 75081 54770595 false X WWW.TEXANSCU.ORG X 1953 TX TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW AND THE CREDIT UNION IS MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNIONS FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBERS/OWNERS. 9 7 364 723834 -71174 0 53279675 44403992 7775303 10366603 0 61054978 54770595 0 3115355 2216510 14247133 14989535 0 0 20418971 15876827 37781459 33082872 23273519 21687723 1424948101 1415315755 1377700110 1352151218 47247991 63164537 X TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW AND THE CREDIT UNION IS MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNIONS FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBERS/OWNERS. false false LOANS: THE CREDIT UNION PROVIDES LOANS OF ALL TYPES IN MANY DIFFERENT CATEGORIES. THE OFFERINGS INCLUDE CONSUMER AUTOMOBILE LOANS, UNSECURED LOANS, RESIDENTIAL MORTGAGE LOANS, HOME EQUITY AND HOME IMPROVEMENT LOANS. AS PART OF THE LOAN PROGRAM THE CREDIT UNION ALSO OFFERS SEVERAL LOAN RELATED INSURANCE PRODUCTS SUCH AS CREDIT LIFE AND DISABILITY, MECHANICAL BREAKDOWN AND GAP INSURANCE. SHARES SAVINGS AND CERTIFICATES OF DEPOSITS: THE CREDIT UNION OFFERS A NUMBER OF SHARE SAVINGS ACCOUNTS, MONEY MARKET SAVINGS AND IRA SAVINGS ACCOUNTS. THESE ACCOUNTS PAY DIVIDENDS MONTHLY. OTHER TYPES OF DEPOSIT SAVINGS OFFERINGS INCLUDES CERTIFICATES OF DEPOSIT, BOTH REGULAR MEMBER CERTIFICATES AND IRA CERTIFICATES. THE CERTIFICATES PAY INTEREST ON A MONTHLY BASIS. CHECKING ACCOUNTS: THE CREDIT UNION OFFERS TWO CHECKING ACCOUNT PRODUCTS. ONE ACCOUNT HAS SIMPLE WAYS TO WAIVE THE MONTHLY SERVICE CHARGE, THE OTHER OFFERS DIVIDENDS TO THOSE MEMBERS WITH HIGHER BALANCES. BOTH PRODUCTS HAVE FEATURES THAT INCLUDE FREE E-SERVICES AND ACCESS TO THOUSANDS OF ATMS. false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false true true true false false true 19360 0 true 364 true true true false false false false false X 9 7 false false false false true true true true true false true true false true true true true true true true false X TRACY MONTEZ 9723482391 777 EAST CAMPBELL ROAD RICHARDSON TX 75081 JOHN KEVIN DURRANCE CEO 45.00 X 357659 0 17556 ANDREW SWOGER CFO 45.00 X 187264 0 14306 CHARLOTTE MORRISON CIO 45.00 X 163693 0 15306 GREG TURNER CHIEF LNDING 45.00 X 159158 0 15888 TANYA MCCORQUODALE GENERAL COUN 45.00 X 178658 0 14433 KATHRYN VINES DIRECTOR OF 45.00 X 132795 0 5553 TIFFANY CHISNALL DIRECTOR OF 45.00 X 123483 0 12162 TANYA PATTERSON DIRECTOR OF 45.00 X 119119 0 12004 STEVE ERP DIRECTOR OF 45.00 X 117378 0 13370 1539207 120578 10 false true false FISERV 75 REMITTANCE DR SUITE 6974 CHICAGO IL 606756974 DEBIT CARD PROC 3580752 AETNA PO BOX 804735 CHICAGO IL 60680 HEALTH INS 1587604 NCR CORPORATION 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ATM MAINT. 718475 MUNSCH HARDT KOPF & HARR 500 N AKARD 3800 LINCOLN PLAZA DALLAS TX 75201 LEGAL SERVICES 633653 NDIVISION 4925 GREENVILLE AVESUITE 200 DALLAS TX 75206 IT MAINTENANCE 453633 5 INTEREST INCOME LOANS 26406094 26406094 OTHER INCOME 9133152 9133152 SERVICE CHARGES & FEES 6615519 6615519 LOAN FEES 1525393 1525393 NON MEMEBER FEES 522100 723834 723834 44403992 9516973 9516973 302752 546878 302752 546878 849630 849630 54770595 54046761 723834 2216510 867774 11051458 496478 1502024 1071801 305679 421798 235200 458337 3279295 3637832 48000 742365 1690915 PROFESSIONAL SERVICES 5652523 LOSS ON SALE OF REO'S 1319270 LOAN SERVICING EXPENSE 1260263 OTHER OPERATING EXP. 309894 -3484544 33082872 0 0 0 15339306 11933672 223927034 113878603 569910037 624926789 58788923 35159702 24503882 23629221 522112512 600621699 27898225 989600 41257105 39336171 1424948101 1415315755 11856876 11630521 1365843234 1340520697 1377700110 1352151218 X 47247991 63164537 47247991 63164537 1424948101 1415315755 X 21687723 -5771177 X false true X true false 5549497 5549497 21399001 5106537 16292464 3632406 3596867 35539 28208019 26456298 1751721 23629221 MEMBER SHARES 1340520697 1340520697 X X X X false false false JOHN KEVIN DURRANCE CEO 307169 50490 17556 375215 ANDREW SWOGER CFO 179929 7000 335 14306 201570 CHARLOTTE MORRISON CIO 156989 4500 2204 15306 178999 GREG TURNER CHIEF LNDING OFFICER 154155 4500 503 15888 175046 TANYA MCCORQUODALE GENERAL COUNSEL 172804 5500 354 14433 193091 FORM 990 - ORGANIZATION'S MISSION TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW AND THE CREDIT UNION IS MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNIONS FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBERS/OWNERS. FORM 990 ITEM 1, -ON APRIL 15, 2011 THE NATIONAL CREDIT UNION ASSOCIATION (NCUA) PLACED TEXANS CREDIT UNION INTO "CONSERVATORSHIP". UNDER THIS PROCESS THE EXISTING GOVERNING BOARD WAS REMOVED. NCUA IS THE GOVERNING BODY AFTER APRIL 15TH, 2011. ITEM 2, -EMPLOYEES ARE ELGIBILE FOR DISCOUNTS ON AUTO LOANS. THE DISCOUNT IS .5% BELOW THE APR. FORM 990, PAGE 6, PART VI, LINE 6 YES, THE CREDIT UNION HAS MEMBERS WHICH CAN JOIN THE CREDIT UNION IF THEY MEET THE "FIELD OF MEMBERSHIP" REQUIREMENTS, AND CHOOSE TO JOIN. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 11B THE COMPLETED FORM WILL BE REVIEWED BY THE TCU CEO. THE FORM WILL BE SIGNED BY THE CFO. FORM 990, PAGE 6, PART VI, LINE 12C THE EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE REVIEW OF THE POLICIES WHEN HIRED INTO THE ORGANIZATION. QUARTERLY COMMUNICATIONS ARE SENT TO EMPLOYEES NOTIFYING THEM OF ANY CHANGES TO THE POLICY. THE CREDIT UNION ALSO PROVIDES AN ANONYMOUS REPOTING HOT-LINE WHICH IS MAINTAINED BY A THIRD PARTY AND RESULTS ARE PROVIDED TO THE INTERNAL AUDIT FUNCTION. FORM 990, PAGE 6, PART VI, LINE 15A THE DIRECTOR OF HR PROVIDES COMPARATIVE DATA TO THE COMPENSATION OF COMMITTEE ON AN ANNUAL BASIS. THE COMP COMMITTEE WHICH IS MADE UP OF 3 MEMBERS OF THE BOARD OF DIRECTORS PREVIEWS THIS INFORMATION ANNUALLY AND DELIBERATES TO MAKE DETERMINATIONS REGARDING THE PERFORMANCE REVIEW PROCESS AND ANNUAL COMPENSATION CHANGES OF THE CEO. THEY ALSO, WHEN APPLICABLE, WILL PROVIDE OVERSIGHT AND APPROVAL OF ANY CREDIT UNION OFFICER'S BONUS PLAN. FORM 990, PAGE 6, PART VI, LINE 15B THE DIRECTOR OF HR PROVIDES COMPARATIVE DATA TO THE COMPENSATION COMMITTEE ON AN ANNUAL BASIS. THE COMP COMMITTEE WHICH IS MADE UP OF 3 MEMBERS OF THE BOARD OF DIRECTORS PREVIEWS THIS INFORMATION ANNUALLY AND DELIBERATES TO MAKE DETERMINATIONS REGARDING THE PERFORMANCE REVIEW PROCESS AND ANNUAL COMPENSATION CHANGES OFFICERS AND KEY EMPLOYEES. THEY ALSO, WHEN APPLICABLE, WILL PROVIDE OVERSIGHT AND APPROVAL OF ANY CREDIT UNION OFFICER'S BONUS PLAN. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS THAT ARE REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC ARE PROVIDED USING DIFFERENT METHODS. SOME ARE PROVIDED THROUGH POSTING OF SIGNS IN PUBLIC LOCATIONS SUCH AS THE LOBBIES OF BRANCH OFFICES. OTHER GOVERNING DOCUMENTS/NOTICES THAT REQUIRE ANNUAL MAILINGS ARE PROVIDED TO THE MEMBERSHIP AS REQUIRED BY MAIL. THE WEBSITE IS ALSO USED TO PROVIDE CERTAIN REQUIRED DOCUMENTS. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI NCUA CONTRIBUTION, SUBORDINATED DEBT SHOWN AS EQUITY 50,000,000 FORM 990, PART XI, LINE 9 CHANGE IN VALUE AFS SECURITIES 4,486,952 NCUA SUBORDINATED DEBT-REPAY 10,000,000 CHANGE IN OTHER COMPR. 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