2015-11-06T09:45:49-06:00 2014-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2014-01-01 741109889 FIVEPOINT CREDIT UNION FIVE 4097268300 3700 SKYLINE DR NEDERLAND TX 776271366 KENNETH MILLER EXECUTIVE VICE PRESIDENT 4097268200 2015-11-03 1 ROBIN D HOAG CPA P00360662 2482443000 2014 2016-02-25 16:41:14Z ERIK SHAW PO BOX 1366 NEDERLAND TX 77627 36933516 0 X WWW.FIVEPOINTCU.ORG X 1935 TX TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERSHIP WITH VARIOUS LOAN AND DEPOSIT PRODUCTS. 11 11 205 16 66220 2409 0 0 0 32689711 177271 1048935 5273704 66220 5450975 33804866 0 10000 0 0 1740818 11474417 0 0 0 2805040 17549472 4545858 29033889 905117 4770977 444118310 475487418 393384756 419500521 50733554 55986897 X TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND THE COMMUNITY. 1 0 FIVEPOINT CREDIT UNION ORIGINATED 81,553 LOANS FOR A TOTAL OF $171,163,202 TO OUR MEMBERS DURING 2014. 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 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1155 0 1 205 1 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 1 1 1 1 1 0 X SAMMIE HOLDEN 4097268240 PO BOX 1366 NEDERLAND TX 77627 GLENN JOHNSON CHAIRMAN 3.00 X X 0 0 0 JAMES SAXON SECRETARY TREASURER 3.00 X X 0 0 0 JOE DICKSON FIRST VICE CHAIRMAN 3.00 X X 0 0 0 JOHN COMEAUX 2ND VICE CHAIRMAN 3.00 X X 0 0 0 LOUIS ANSELMO BOARD MEMBER 1.50 X 0 0 0 JODY BRIGGS BOARD MEMBER 1.50 X 0 0 0 JO BYRD BOARD MEMBER 1.50 X 0 0 0 HILTON FERGUSON JR BOARD MEMBER 1.50 X 0 0 0 KAROL RUSSELL BOARD MEMBER 1.50 X 0 0 0 JACK THORNTON BOARD MEMBER 1.50 X 0 0 0 DENNY WINTER BOARD MEMBER 1.50 X 0 0 0 ERIK SHAW CEO 40.00 X 392817 0 20010 KENNETH MILLER EXECUTIVE VICE PRESIDENT 40.00 X 204621 0 4825 VICKI KELLEY SVP, HUMAN RESOURCES 40.00 X 136850 0 4825 KRISTEN BELLANGER SVP, OPERATIONS 40.00 X 126644 0 9641 JENNIFER WEBB SVP, LENDING 40.00 X 130677 0 2319 MATT BOREL FINANCIAL ADVISOR 40.00 X 202218 0 3188 1193827 0 44808 6 0 1 0 AMERICAN SERVICE GROUP PO BOX 3400 CONROE TX 77305 MEMBER MECHANICAL BREAKDOWN INSURANCE 631906 ACCUDATA 7906 N SAM HOUSTON PARK HOUSTON TX 77064 COMPUTER MAINTENANCE 446759 FISERV PO BOX 99924 GRAPEVINE TX 76099 SOFTWARE 427668 QUESTMARK 9440 KIRBY HOUSTON TX 77054 STATEMENT PROVIDERS 406896 CONCEPTS UNLIMITED 1250 CAPITAL OF TW HWY S BLDG 3 AUSTIN TX 78746 PRINTING SERVICES 315334 14 LOAN RECEIVABLE 522100 20582429 20582429 FEES AND CHARGES 522100 12107282 12107282 32689711 1287731 1287731 2889854 3128650 -238796 -238796 -238796 NON-MEMBER ATM FEES 525990 49889 49889 INSURANCE PRODUCTS 524298 16331 16331 66220 33804866 32689711 66220 1048935 10000 1033229 7062088 1117335 1654740 607025 115601 57232 196078 1875611 1168460 1696937 1098166 202522 24 1363130 263159 INTEREST AND DIVIDENDS 2617994 PROVISION FOR LOAN LOSS 2520409 ATM EXPENSE 1535957 LOAN SERVICING EXPENSE 1087764 1750428 29033889 8576588 8177619 26034726 37528388 4949894 1005688 1742954 313381873 334514604 63985 988014 40778088 17226650 23948151 23551438 53571903 57431748 11848236 12289919 444118310 475487418 2635508 4848169 20121 390729127 414652352 393384756 419500521 X 0 0 0 0 50733554 55986897 50733554 55986897 444118310 475487418 4770977 482366 0 X 0 1 X 0 0 1631458 1631458 24999428 5481125 19518303 2640457 1520556 1119901 11115376 10224969 890407 391369 391369 23551438 NCUSIF 3909851 C COLLATERALIZED MORTGAGE OBLIGATIONS 35149770 F MORTGAGE BACKED SECURITIES 14395687 F U.S. GOVERNMENT AND AGENCY SECURITIES 3976440 F 57431748 MEMBERS SHARE ACCOUNTS 414652352 414652352 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES AND STATE INCOME TAX. THE CREDIT UNION IS A STATE CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. 1 SCHOLARSHIPS 10 10000 PART I, LINE 2: THE SCHOLARSHIPS ARE AWARDED BASED ON A PANEL OF JUDGES REVIEWING SCHOLARSHIP APPLICATIONS AND ESSAYS. ONCE THE CREDIT UNION RECEIVES CONFIRMATION OF THE STUDENT'S ENROLLMENT AND PAYMENT OF TUITION, THE FUNDS ARE DEPOSITED TO THEIR SAVINGS ACCOUNT. X X 1 1 X X X 0 1 0 ERIK SHAW CEO 285989 0 33252 0 73576 0 0 0 20010 0 412827 0 0 0 KENNETH MILLER EXECUTIVE VICE PRESIDENT 182905 0 21062 0 654 0 0 0 4825 0 209446 0 0 0 MATT BOREL FINANCIAL ADVISOR 201624 0 350 0 244 0 0 0 3188 0 205406 0 0 0 PART I, LINE 4B ERIK SHAW - $50,000 - 457 PLAN PAYOUT FORM 990, PART III, LINE 2 OUR CUSO, FIVEPOINT INSURANCE AGENCY, LLC BEGAN OPERATIONS DURING 2014. THIS IS A WHOLLY OWNED SUBSIDIARY OF FIVEPOINT FINANCIAL SERVICES, LLC, WHICH IS WHOLLY OWNED BY THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 EVERY CLIENT THAT HAS AN ACCOUNT WITH OUR CREDIT UNION IS ALSO A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A OUR BOARD OF DIRECTORS ARE ELECTED BY A VOTE OF THE MEMBERSHIP. ANNUALLY, IF THERE IS AN OPEN POSITION, THE NOMINATING COMMITTEE WILL PUT FORTH THE CANDIDATES WHICH OUR MEMBERS CAN VOTE ON DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY ERIK SHAW, CEO, KENNETH MILLER, EVP, AND VICKI KELLEY, SVP OF HUMAN RESOURCES FOR ITS ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C OUR COMPLIANCE OFFICER ALONG WITH SENIOR MANAGEMENT REVIEW POLICIES ANNUALLY. WE THEN REQUIRE EMPLOYEES TO SIGN THEY HAVE READ AND UNDERSTOOD THE POLICIES. OUR INTERNAL AUDIT DEPARTMENT CONDUCTS AUDITS AND REVIEW TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 FIVEPOINT UTILIZES A 3RD PARTY TO PROVIDE INDUSTRY STANDARD AND REGIONAL SPECIFIC SALARY RANGES FOR ALL STAFF. FORM 990, PART VI, SECTION C, LINE 19 OUR FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FIVEPOINT FINANCIAL SERVICES LLC PO BOX 1366 NEDERLAND TX 77627 464687469 FINANCIAL SERVICES TX 0 1000 FIVEPOINT CREDIT UNION FIVEPOINT INSURANCE AGENCY LLC PO BOX 1366 NEDERLAND TX 77627 611739967 INSURANCE TX -13273 82412 FIVEPOINT FINANCIAL SERVICES LLC