2025-10-08T16:09:34-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-01-01 750692281 CITY CREDIT UNION CITY 2143195070 7474 FERGUSON ROAD DALLAS TX 75228 SHARON MOORE PRESIDENT/CEO 2143195070 2025-10-08 1 1 LISA N RYSSEL CPA P00643670 7149781300 2025-10-07 2024 2025-03-06 01:10:19Z DAVID FRITH 7474 FERGUSON ROAD DALLAS TX 75228 43379959 0 X WWW.CITYCU.ORG X 1942 TX A COOPERATIVE THRIFT INSTITUTION AND A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION. 7 7 127 8 418524 0 0 0 31210316 35069978 4867111 7972329 468613 337652 36546040 43379959 5036 5186 7253954 11849831 11059138 11227762 0 0 0 14758182 17023892 33076310 40106671 3469730 3273288 676735805 639516465 609351022 567563343 67384783 71953122 CITY CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION AND IS A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION. 0 0 PROVIDED LOANS, DEPOSIT ACCOUNTS AND OTHER FINANCIAL PRODUCTS AND SERVICES TO 34,883 MEMBERS. 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 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7914 0 127 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X SHARON MOORE 2145150100 7474 FERGUSON RD DALLAS TX 75228 ALAN RICHARDSON CHAIR 1.00 X X 0 0 0 RONNIE DAVID VICE CHAIR 1.00 X X 0 0 0 LARRY MCDANIEL SECRETARY/TREASURER 1.00 X X 0 0 0 CRAIG MILLER DIRECTOR 1.00 X 0 0 0 ERIK RAMIREZ DIRECTOR 1.00 X 0 0 0 HOWIE REED DIRECTOR 1.00 X 0 0 0 GREG REICHEL DIRECTOR 1.00 X 0 0 0 SHARON MOORE PRESIDENT/CEO 40.00 X 918100 0 39370 MITCHELL CLARK CAO 40.00 X 404327 0 33519 JOHN BAILEY COO THRU 7-2024 40.00 X 255163 0 27879 DAVID FRITH CSO 40.00 X 356394 0 31747 SALLIE HORACE CRO 40.00 X 336703 0 30535 GARRETH CADA SENIOR IT MANAGER 40.00 X 165636 0 12214 SHANNON GARRET CONTROLLER 40.00 X 160750 0 11971 SHARON KORBA MARKETING MANAGER 40.00 X 141527 0 8697 NATALIE JONES PX MANAGER 40.00 X 125744 0 10258 LORENN SCHULZ LENDING MANAGER 40.00 X 134235 0 5512 2998579 0 211702 11 0 1 0 FISERV PO BOX 208457 DALLAS TX 75320 TECHNOLOGY SERVICES 3082267 AUTO EXAM 17555 EL CAMINO REAL HOUSTON TX 77058 AUTO PROTECTION SERVICES 1321397 FROST FINANCIAL SERVICES INC 8829 CHAPELSQUARE LN CINCINNATI OH 45249 FINANCIAL SERVICES 278130 AT&T 311 S AKARD ST DALLAS TX 75202 TELEPHONE SERVICES 251330 FREEIT DATA SOLUTIONS 900 E 6TH STREET SUITE 102 AUSTIN TX 78702 INFORMATION TECHNOLOGY 238621 5 INTEREST ON LOANS TO MEMBERS 522100 24872903 24872903 FEES AND CHARGES 522100 7084076 7066541 17535 INSURANCE COMMISSION 522100 1559075 1495738 63337 OTHER NON-INTEREST INCOME 522100 1553924 1553924 35069978 7972329 7972329 337652 0 337652 337652 337652 43379959 34989106 418524 7972329 5186 11849831 3332871 5710945 291851 1327575 564520 92 100000 721035 639339 1010123 474457 1080025 5000 52977 15 840132 170309 PROVISION FOR LOAN LOSS 5324159 MISCELLANEOUS 1833638 DEBIT CARD EXPENSE 1622858 LOAN SERVICING 1512393 1637340 40106671 2793319 3167651 99086373 56872792 381291821 362807502 809869 1200462 22523880 11273942 11199099 11249938 655269 693935 171657768 190492765 9242287 13031420 676735805 639516465 10441749 17660848 598909273 549902495 609351022 567563343 X 0 0 0 0 67384783 71953122 67384783 71953122 676735805 639516465 X 3273288 84185 1210866 X 0 1 X 1 0 2331573 2331573 15673714 7546469 8127245 53242 53242 0 4232978 3674231 558747 232373 232373 11249938 HELD-TO-MATURITY 183806484 C CERTIFICATES OF DEPOSIT IN OTHER FINANCIAL INSTITUTIONS 5972000 C FEDERAL HOME LOAN BANK STOCK 680700 C CUSO INVESTMENTS 33581 C 190492765 MEMBER'S SHARE AND SAVINGS ACCOUNT 549208560 457 PLAN LIABILITY 693935 549902495 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION OWNS A MAJORITY INTEREST IN THE CONSOLIDATED CUSO. THE INCOME FROM THE CUSO FLOWS UP TO THE CREDIT UNION, AND THEREFORE IS NOT SUBJECT TO MOST FEDERAL AND STATE INCOME TAXES. X 1 1 X X X X 0 1 0 SHARON MOORE PRESIDENT/CEO 487126 0 139804 0 291170 0 34000 0 5370 0 957470 0 0 0 MITCHELL CLARK CAO 362098 0 42229 0 0 0 28149 0 5370 0 437846 0 0 0 DAVID FRITH CSO 330670 0 25724 0 0 0 26377 0 5370 0 388141 0 0 0 SALLIE HORACE CRO 298679 0 38024 0 0 0 25165 0 5370 0 367238 0 0 0 JOHN BAILEY COO THRU 7-2024 223466 0 31697 0 0 0 24601 0 3278 0 283042 0 0 0 GARRETH CADA SENIOR IT MANAGER 157740 0 7896 0 0 0 6867 0 5347 0 177850 0 0 0 SHANNON GARRET CONTROLLER 152497 0 8253 0 0 0 6624 0 5347 0 172721 0 0 0 SHARON KORBA MARKETING MANAGER 133778 0 7749 0 0 0 3355 0 5342 0 150224 0 0 0 PART I, LINE 1B 1099 WAS ISSUED FOR SPOUSE TRAVEL AND REPORTED TO IRS. PART I, LINE 3 BOARD LEVEL HR COMMITTEE WORKS WITH A THIRD PARTY CONSULTANT ON COMPENSATION FOR PRESIDENT/CEO. BASED ON MULTIPLE FACTORS THE THIRD PARTY MAKES A RECOMMENDATION FOR ANNUAL COMEPENSATION AND BONUS STRUCTURE. THE COMMITTEE REVIEWS THE THIRD PARTY RECOMMENDATION, PROVIDES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND FINAL APPROVAL. PART I, LINE 4B NAME: MITCHELL CLARK, DESCRIPTION: CAO, CURRENT YEAR AMOUNT: $17,149. PLAN DESCRIPTION: 457 (F) NAME: DAVID FRITH, DESCRIPTION: CFO, CURRENT YEAR AMOUNT: $15,377. PLAN DESCRIPTION: 457 (F) NAME: SALLIE HORACE, DESCRIPTION: CRO, CURRENT YEAR AMOUNT: $14,165. PLAN DESCRIPTION: 457 (F) NAME: SHARON SCEARCE, DESCRIPTION: CEO/PRESIDENT, CURRENT YEAR AMOUNT: $23,000. PLAN DESCRIPTION: 457 (F) NAME: JOHN BAILEY, DESCRIPTION: COO, CURRENT YEAR AMOUNT: $16,248. PLAN DESCRIPTION: 457 (F) PART I, LINE 5 BONUS PAYMENTS ARE PAID ANNUALLY FOR HITTING ANNUAL COMPANY GOALS. FORM 990, PART VI, SECTION A, LINE 6 CITY CREDIT UNION IS A MEMBER-OWNED FINANCIAL COOPERATIVE. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES, WORKS, WORSHIPS, OR ATTENDS SCHOOL IN THE FOLLOWING TEXAS COUNTIES: DALLAS, ELLIS, COOKE, GRAYSON, ROCKWALL, KAUFMAN, DENTON, COLLIN, TARRANT, HUNT, JOHNSON, PARKER, AND WISE. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION'S MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B BOARD ELECTIONS AND MERGERS ARE SUBJECT TO APPROVAL BY MEMBERS AS STATED IN THE CREDIT UNION'S CHARTER AND BYLAWS. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND THE CHIEF ADMINISTRATIVE OFFICER. THE PRESIDENT/CEO SIGNS THE FORM 990 AS AUTHORIZED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE BOARD OF DIRECTORS AND THE CEO. ANY CONFLICT OF INTEREST SHOULD BE DISCLOSED BY THE INDIVIDUAL AND THAT PERSON RECUSES THEMSELVES FROM DISCUSSION AND DECISION MAKING ON THE TOPIC. REMAINING DIRECTORS CONSIDER AND RESOLVE ANY ISSUES INVOLVING CONFLICT OF INTEREST OF INDIVIDUAL DIRECTORS. INTERNAL AUDIT REPORTS ARE REVIEWED BY MANAGEMENT, THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION CONTRACTS WITH AN INDEPENDENT CONSULTING FIRM TO PROVIDE COMPENSATION INFORMATION AND DATA, WHICH THE BOARD USES TO DETERMINE THE PRESIDENT AND CEO'S COMPENSATION AND BENEFITS. THE BOARD MINUTES REFLECT THIS ACTION. FOR ALL OTHER EMPLOYEES, THE INDEPENDENT CONSULTANT PROVIDES MARKET DATA AND MERIT INCREASES ARE BASED ON PERFORMANCE REVIEWS BY THE CEO WHICH ARE KEPT ON FILE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S WEBSITE INDICATES THIS INFORMATION IS AVAILABLE UPON REQUEST. FINANCIAL INFORMATION IS ALSO INCLUDED IN THE CREDIT UNION'S ANNUAL REPORT WHICH IS AVAILABLE ON THE CREDIT UNION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DEFINED BENEFIT PLAN ASSETS 1,210,866. CITY CU FINANCIAL SERVICES LLC 7474 FERGUSON RD DALLAS TX 752286543 814446137 INSURANCE SALES TX 113570 141393 CITY CREDIT UNION