2025-11-14T20:11:42-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-01-01 750971964 UNION SQUARE CREDIT UNION UNIO 9407208000 1401 HOLLIDAY WICHITA FALLS TX 76301 KAREN SCHREIBER CHIEF FINANCIAL OFFICER 9407208000 2025-11-13 1 1 LISA N RYSSEL CPA P00643670 7149781300 2025-11-12 2024 2025-03-06 01:10:19Z PATRICK MURRAY 1401 HOLLIDAY WICHITA FALLS TX 76301 48265686 0 X WWW.UNIONSQUARE.ORG X 1957 TX TO SERVE THE FINANCIAL NEEDS OF ITS MEMBERS. 6 6 183 6 203412 0 0 0 37960255 37376782 4068436 10628271 -42584 -25772 41986107 47979281 0 0 10049064 10797264 10250312 10366587 0 0 0 23032499 29908235 43331875 51072086 -1345768 -3092805 620933965 590203667 573550540 545578783 47383425 44624884 TO SERVE FINANCIAL NEEDS AND DREAMS. 0 0 TO SERVE THE FINANCIAL NEEDS AND DREAMS OF THE MEMBERS. UNION SQUARE CREDIT UNION CORE VALUES INCLUDE MEMBER SERVICE AND SENSITIVITY, ETHICAL AND LEGAL BEHAVIOR, DIVERSITY AND EQUAL OPPORTUNITY, SOUND, STRONG BUSINESS JUDGMENT, AND FRIENDLY AND KNOWLEDGEABLE STAFF. WITH THESE VALUES, UNION SQUARE CREDIT UNION'S VISION IS TO BE THE FINANCIAL CENTER OF CHOICE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 17197 0 1 183 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X PATRICK L MURRAY 9407208073 1401 HOLLIDAY WICHITA FALLS TX 76301 PATRICK MURRAY PRESIDENT/CEO 40.00 1.00 X 273556 0 37147 SCOTT FLINN CHIEF LENDING OFFICER 40.00 0.00 X 192773 0 30009 JOE GUIDRY CHIEF INFORMATION OFFICER 40.00 0.00 X 166276 0 31298 TAMMY HUGHES AVP MORTGAGE PRODUCTION 40.00 0.00 X 146733 0 14851 MEGAN MAGANA SVP PRESIDENT HUMAN RESOURCES 40.00 0.00 X 120835 0 30704 KAREN SCHREIBER CHIEF FINANCIAL OFFICER 40.00 4.00 X 122949 0 23788 MONICA DAVIS SVP RISK MANAGEMENT 40.00 0.00 X 126313 0 19723 ANGELA DAVIS LOAN CONSTRUCTIUON OFFICER 40.00 0.00 X 119262 0 18945 IDA FERGUSON AVP MORTGAGE UNDERWRITER 40.00 0.00 X 114197 0 18718 JEFFERY GLADU VICE PRESIDENT TECHNOLOGY 40.00 0.00 X 106141 0 17787 JUSTIN HOUSTON MORTGAGE LOAN OFFICER 40.00 0.00 X 107161 0 13973 DAVID NIX CHAIRMAN 1.00 0.00 X X 9000 0 0 PAUL FLEMING SECRETARY/TREASURER 1.00 0.00 X X 9000 0 0 DANNY AHERN DIRECTOR 1.00 0.00 X 9000 0 0 JULIE PRUETT DIRECTOR 1.00 0.00 X 9000 0 0 ERIC WEST DIRECTOR 1.00 0.00 X 8261 0 0 GARY STEVENSON VICE CHAIRMAN 1.00 0.00 X X 6680 0 0 1647137 0 256943 11 0 1 0 FISERV PO BOX 208457 DALLAS TX 75320 DATA PROCESSING 3450045 PURE IT 17665 TELGE ROAD CYPRESS TX 77429 NETWORK SERVICES 532587 NEW GROUND INTERNATIONAL INC PO BOX 6228 CAROL STREAM IL 60197 CONTRACTING 417513 KASASA LTD PO BOX 527 LUBBOCK TX 79408 HIGH YIELD CHECKING 211421 ELTROPY PO BOX 8428 SUITE 510 PASADENA CA 91109 TEXTING PLATFORM 132901 10 INTEREST FROM LOANS TO MEMBERS 522100 29155056 29155056 FEES AND CHARGES 522100 4724383 4520971 203412 INTERCHANGE INCOME 522100 2324860 2324860 INCOME FROM LOANS HELD FOR SALE 522100 917270 917270 OTHER NONINTEREST INCOME 522100 255213 255213 37376782 10628492 10628492 260412 286184 -25772 -25772 -25772 221 -221 -221 -221 47979281 37173370 203412 10602499 X 10797264 1350239 6593702 865006 969509 588131 37115 130000 5327723 857350 4802786 655485 606696 400319 9006458 1298560 183653 PROVISION FOR LOAN LOSS 4053825 OTHER EXPENSES 1433160 LOAN SERVICING 1030353 ASSOCIATION DUES 84752 51072086 3522600 40777313 4896813 6474720 230976 340415 6881382 7236589 536050865 471366548 275760 234667 35874141 17033088 20023556 18841053 28627598 25500894 3410431 3316277 17013984 16115191 620933965 590203667 3623938 3665643 2750000 0 567176602 541913140 573550540 545578783 X 0 0 0 0 47383425 44624884 47383425 44624884 620933965 590203667 X -3092805 327918 6346 X 0 0 0 2598613 2598613 24585209 9561206 15024003 580489 100272 480217 8109830 7371610 738220 18841053 DEFERRED COMPENSATION LIABILITY 129028 MEMBER'S SHARE AND SAVINGS ACCOUNT 541422359 LEASE LIABILITY 361753 541913140 X X 1 1 X X X 0 1 0 PATRICK MURRAY PRESIDENT/CEO 270142 0 1500 0 1914 0 22074 0 15073 0 310703 0 0 0 SCOTT FLINN CHIEF LENDING OFFICER 94877 0 97742 0 153 0 15252 0 14757 0 222782 0 0 0 JOE GUIDRY CHIEF INFORMATION OFFICER 164508 0 1624 0 144 0 17059 0 14239 0 197574 0 0 0 TAMMY HUGHES AVP MORTGAGE PRODUCTION 58848 0 87405 0 480 0 12817 0 2034 0 161584 0 0 0 MEGAN MAGANA SVP PRESIDENT HUMAN RESOURCES 119032 0 1683 0 120 0 11499 0 19205 0 151539 0 0 0 PART I, LINE 1A THE TRAVEL FOR COMPANIONS BENEFIT IS PROVIDED FOR BOARD MEMBERS AND OFFICERS AT THE LEVEL OF ASSISTANT VICE PRESIDENT AND ABOVE. SOCIAL CLUB DUES ARE PAID BY THE CREDIT UNION FOR THE CEO. PART I, LINE 1B A 1099 IS PROVIDED FROM THE ACCOUNTING DEPARTMENT IF SPOUSAL TRAVEL EXPENDITURES EXCEED THE $600.00 MINIMUM FOR A 1099. PART I, LINE 4B SPLIT-DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS MADE LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO MEMBERS OF TOP MANAGEMENT. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES, OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVES AND THE EXECUTIVES HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOANS ARE CONSIDERED NONRECOURSE AND AS SUCH, THE CREDIT UNION HAS RECORDED THE BALANCE AS THE LOWER OF THE OUTSTANDING LOAN BALANCE, PLUS ACCRUED INTEREST, OR THE CASH SURRENDER VALUE OF THE LIFE INSURANCE POLICIES. 457F PLAN: THE CREDIT UNION ESTABLISHED A 457F PLAN DURING 2021 FOR CERTAIN MEMBERS OF MANAGEMENT. THE ONLY ACTIVITY ON THIS PLAN DURING 2021 WAS THE INITIAL FUNDING OF THE PLAN BY THE CREDIT UNION. THERE WERE NO CONTRIBUTIONS TO OR DISTRIBUTIONS FROM THE PLAN DURING 2024. JOHN BARAD PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 4000000 4426926 0 1 1 PATRICK MURRAY INTERIM PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 2700000 2809663 0 1 1 7236589 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE OR WORK IN ARCHER, BAYLOR, CLAY, WICHITA AND WILBARGER COUNTIES, TEXAS AND COTTON AND TILLMAN COUNTIES, OKLAHOMA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS AND MODIFICATIONS TO THE FIELD OF MEMBERSHIP MUST HAVE PRIOR APPROVAL FROM MAJORITY OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY OUTSIDE INTEREST TO HR AND MANAGEMENT ANNUALLY. THIS POLICY COVERS OFFICERS, DIRECTORS, COMMITTEE PERSONS AND EMPLOYEES. DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND ANY RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT, SUCH AS RECUSAL FROM THE DELIBERATIONS OR DECISIONS, ARE MADE IN THE ETHICS AND CONDUCT POLICY. THESE PROCEDURES ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION FOR THE CEO. SALARY SURVEYS FROM CUES, CUNA AND CORNERSTONE CREDIT UNION LEAGUE ARE USED TO DETERMINE COMPENSATION. THE VICE CHAIRMAN OF THE BOARD DOCUMENTS THE PROCESS AND DETERMINATION RELATED TO THE CEO'S COMPENSATION. THE CEO IS RESPONSIBLE FOR THE DETERMINATION OF THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. ANNUAL EVALUATIONS AS WELL AS SURVEYS AND SCALES ARE USED IN THIS DETERMINATION. THIS PROCESS AND DETERMINATION IS DOCUMENTED IN THE PERSONNEL FILES. THE CREDIT UNION USES A THIRD PARTY ENTITLED COMPEASE THAT EVALUATES AND ESTABLISHES THE RECOMMENDED PAY RANGES FOR EACH POSITION. THESE RECOMMENDATIONS ARE REVIEWED SEMI-ANNUALLY AND APPROVED ANNUALLY BY THE CEO. THE LAST TIME THE PROCESS TOOK PLACE WAS IN 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED MONTHLY IN EACH LOCATION OF THE CREDIT UNION. FORM 990, PART IX, LINE 11G INVESTMENT CONSULTANTS 11,157. OTHER PROFESSIONAL FEES 5,172,990. SECURITY SERVICES 8,183. PROFESSIONAL FEES: ARMORED CAR 49,026. PROFESSIONAL FEES: PAYROLL 42,966. PROFESSIONAL FEES: INDIRECT LENDING 36,240. PROFESSIONAL FEES: WEBINARS 7,161. FORM 990, PART XI, LINE 9: CHANGE IN CUSO INVESTMENT 6,346. UNION SQUARE INSURANCE AGENCY INC 1401 HOLLIDAY WICHITA FALLS TX 76301 471961369 INSURANCE TX UNION SQUARE CREDIT UNION C 32110 65156 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0