2015-08-11T19:03:39-05:00 2014-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2014-01-01 750224670 NEIGHBORHOOD CREDIT UNION NEIG 2147489393 PO BOX 803476 DALLAS TX 75380 JAMES FRANKEBERGER CFO 2147489393 2015-08-11 1 VALENTINO CREUS CPA P01054153 8189549700 2014 2016-02-25 16:41:14Z CHET KIMMELL PO BOX 803476 DALLAS TX 75380 39624578 0 X WWW.MYNCU.COM X CREDIT UNION 1930 TX A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 160 9 397928 -7965 0 0 22059042 23418184 2485904 2077058 0 0 24544946 25495242 12300 13550 0 0 7715283 8530767 0 0 0 14362253 13756881 22089836 22301198 2455110 3194044 332399764 347381851 302691459 313872739 29708305 33509112 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, NEIGHBORHOOD CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 NEIGHBORHOOD CREDIT UNION PROVIDES A VARIETY OF LOANS INCLUDING AUTO, MORTGAGES, CREDIT CARD, AND UNSECURED AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. NEIGHBORHOOD CREDIT UNION PROVIDES A VARIETY OF SAVINGS ACCOUNTS INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRAS, CERTIFICATES AND INVESTMENTS AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. NEIGHBORHOOD CREDIT UNION PROVIDES INVESTMENT OPPORTUNITIES AND PLANNING TO OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 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 9279 0 1 160 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JAMES FRANKEBERGER CFO 2147489393 PO BOX 803476 DALLAS TX 75380 DWAYNE BOOZER CHAIRPERSON 3.00 X 0 0 0 JOHN LOGAN VICE CHAIRPERSON 3.00 X 0 0 0 DWAIN WOODARD SECRETARY/TREASURER 3.00 X 0 0 0 JIMMY STAYTON BOARD MEMBER 3.00 X 0 0 0 DAVID DAVIS BOARD MEMBER 3.00 X 0 0 0 CAROLYN MATHIS BOARD MEMBER 3.00 X 0 0 0 GERALD TOWNSEND BOARD MEMBER 3.00 X 0 0 0 ARTHUR YOUNG BOARD MEMBER 3.00 X 0 0 0 CLARISSA SALAS BOARD MEMBER 3.00 X 0 0 0 CHESTER KIMMELL PRESIDENT/CEO 40.00 X 527533 0 27509 JAMES FRANKEBERGER CFO 40.00 X 173073 0 15239 JOEL RISENHOOVER VICE PRESIDENT 40.00 X 190123 0 13021 CAROLYN JORDAN SENIOR VICE PRESIDENT 40.00 X 159849 0 14193 MIKE ROARK SVP OF LENDING AND COLLECTIONS 40.00 X 135098 0 12518 YVONNE SCHMITZ VP INFORMATION SYSTEMS 40.00 X 114883 0 12458 JENNIFER HARRISON SVP RETAIL BRANCHES 40.00 X 110360 0 11169 1410919 0 106107 8 0 1 0 JACK HENRY & ASSOCIATES PO BOX 807 MONETT MO 65708 FINANCIAL SERVICES 485958 BANCVUE 4516 SETON CENTER PARKWAY SUITE 300 AUSTIN TX 78759 MARKETING SERVICES 392863 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 BANKING SERVICES 313475 AMERICAN EXPRESS 200 VESEY STREET NEW YORK NY 102853106 CREDIT CARD SERVICES 277621 ASG 708 GOODLETTE RD NORTH NAPLES FL 34102 SOFTWARE SOLUTIONS 163545 12 INTEREST ON LOANS 522100 11481710 11481710 FEE INCOME 522100 10050486 9652558 397928 OTHER OPERATING INCOME 522100 1885988 1885988 23418184 1687704 1687704 13774645 744045 13647473 481863 127172 262182 389354 389354 25495242 25097314 397928 0 250 13300 1410919 5769624 271258 576496 502470 9654 34975 413999 487886 1887013 1645353 1798615 412332 2631437 1373245 38699 PROVISION FOR LOAN AND 1736299 MISC OPERATING EXPENSES 804074 LOAN SERVICING EXPENSE 452424 OPERATING FEES 30876 22301198 2702497 5517643 21335876 9497297 1302114 1068269 26872756 10472051 17989045 16400705 57346623 41484708 225428645 268500712 6294964 4912517 332399764 347381851 2993751 5697465 299697708 308175274 302691459 313872739 X 0 0 0 0 29708305 33509112 29708305 33509112 332399764 347381851 3194044 606763 0 X X 0 1 X 1 0 3847958 3847958 13791705 3909226 9882479 1919172 1052576 866596 7313921 5510249 1803672 16400705 DEPOSITS IN COMMERCIAL BANKS 38690000 C INVESTMENTS IN NATURAL PERSON CUS 2733000 C ALL OTHER INVESTMENTS 2369285 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 3099586 C LOANS AND LEASES 221608841 F 268500712 MEMBER DEPOSITS 308149971 ACCRUED DIVIDENDS AND INTEREST PAYABLE 25303 308175274 1 SCHOLARSHIPS 16 13300 PART III: HIGH SCHOOL SENIORS CAN APPLY BY SUBMITTING AN APPLICATION VIA ESSAY, VIDEO, ETC. THE MARKETING DEPARTMENT SELECTS RECIPIENTS BASED ON THE QUALITY OF THEIR SUBMISSION, GPA, COMMUNITY INVOLVEMENT, ETC. X 1 1 X X X 0 1 0 CHESTER KIMMELL PRESIDENT/CEO 491157 0 36376 0 0 0 14902 0 12607 0 555042 0 0 0 JAMES FRANKEBERGER CFO 150190 0 22883 0 0 0 9484 0 5755 0 188312 0 0 0 JOEL RISENHOOVER VICE PRESIDENT 50000 0 140123 0 0 0 7728 0 5293 0 203144 0 0 0 CAROLYN JORDAN SENIOR VICE PRESIDENT 139959 0 19890 0 0 0 8051 0 6142 0 174042 0 0 0 PART I, LINE 1A THE CREDIT UNION PAYS FOR ANNUAL COUNTRY CLUB MEMBERSHIP FOR THE CEO FOR BUSINESS DEVELOPMENT PURPOSES. PART I, LINE 4B THE CREDIT UNION PROVIDES A 457F PLAN FOR THE BENEFIT OF THE CEO. THE CREDIT UNION MADE A ONE-TIME CONTRIBUTION TO AN INVESTMENT ACCOUNT IN 2002 TO WHICH THE CEO IS NOT VESTED UNTIL HE HAS FULFILLED HIS AGREEMENT WITH THE BOARD OF DIRECTORS. THE PLAN WAS APPROVED BY THE BOARD OF DIRECTORS AND CAN ONLY BE CHANGED AT THE DISCRETION OF THE BOARD OF DIRECTORS. MONTHLY ADJUSTMENTS ARE RECORDED REPRESENTING THE CHANGE IN MARKET VALUE OF THE ACCOUNT. THE CREDIT UNION ALSO PROVIDES THE CEO WITH A 457B PLAN ALLOWING THE CEO TO SET ASIDE ADDITIONAL FUNDS FOR RETIREMENT. THE CREDIT UNION MAKES NO CONTRIBUTIONS TO THIS PLAN ON BEHALF OF THE CEO. FORM 990, PART VI, SECTION A, LINE 6 NEIGHBORHOOD CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. NEIGHBORHOOD CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF NEIGHBORHOOD CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF THE MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 THE AUTHORITY TO REVIEW THE FORM 990 HAS BEEN DELEGATED TO MANAGEMENT BUT ALL SIGNIFICANT ISSUES, IF ANY, RELATED TO THE RETURN HAVE BEEN DISCLOSED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY VIA INTERNAL AUDIT PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THIRD PARTY PROVIDER REVIEWS ALL JOB DESCRIPTIONS AND MAKES RECOMMENDATIONS REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON FORMAL WRITTEN REQUEST NEIGHBORHOOD CREDIT UNION DISPLAYS FINANCIALS IN EACH BRANCH LOCATION AND FILES A QUARTERLY 5300 REPORT WITH NCUA THAT MAINTAINS PUBLIC ACCESS. FORM 990, PART XI, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS SELECTION PROCESS OR OVERSIGHT PROCESS DURING THE TAX YEAR. FORM 990, SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION NEIGHBORHOOD CREDIT UNION PO BOX 803476 DALLAS, TX 75380 TAXPAYER IDENTIFICATION NUMBER: 75-0224670 FOR THE YEAR ENDING DECEMBER 31, 2014. NEIGHBORHOOD CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). SEE ATTACHED FORM 3115 FOR NEIGHBORHOOD CREDIT UNION (75-0224670).