2013-03-22T09:42:00-06:00 2012-12-31 990 2012-01-01 750801235 FORT WORTH TELCO CREDIT UNION FORT 8173324131 1120 SUMMIT AVE FORT WORTH TX 76102 RON REED 8173324131 2013-03-11 2012 2016-02-25 16:41:14Z FORT WORTH TELCO CREDIT UNION RON REED 1417317 false true X WWW.FTWORTHTELCO.ORG X 1935 TX TO PROVIDE THE BEST FINANCIAL SERVICES FOR ALL MEMBERS. 7 7 13 43158 0 1297400 1287350 239733 129967 0 1537133 1417317 0 75294 35443 703643 677922 0 0 794501 798016 1573438 1511381 -36305 -94064 40416935 38996129 37914680 36587938 2502255 2408191 TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES FOR ALL MEMBERS false false FORT WORTH TELCO CREDIT UNION HAS THE FOLLOWING MEMBER ACCOUNTS AS OF 12-31-12 4918 MEMBER SHARE ACCOUNTS 190 DEPOSIT ACCOUNTS 122 CHRISTMAS CLUB ACCOUNTS 155 IRA ACCOUNTS 156 CD'S 1835 SHARE DRAFT ACCOUNTS SOME OF OUR ACCOUNTS ALSO INCLUDE HOME BANKINGBILL PAYMENT FORT WORTH TELCO CREDIT UNION HAS THE FOLLOWING LOANS AS OF 12-31-12 1231 PERSONAL LOANS 42 OPEN ENDED LOANS 5 REAL ESTATE LOANS SOME LOANS INCLUDE CREDIT LIFEDISABILITY EXTENDED WARRANTIES OR GAP. FORT WORTH TELCO CREDIT UNION HAS THE FOLLOWING CARD SERVICES (CREDIT AND DEBIT) AS OF 12-31-12 590 CREDIT CARD ACCOUNTS 2136 DEBIT CARDS false false false false false false false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 446 0 13 true true true false false false false false X 7 7 false false false false true true true true true false false true true true true false true true true false X DIANNA SADLER 8173324131 1120 SUMMIT AVE FORT WORTH TX 76102 ELLIE CASEY-CHAIRMAN 1 X X 0 0 0 JOHNNY COFFEY-BOARD MEMBER 1 X 0 0 0 JIM HUGHES-BOARD MEMBER 1 X 0 0 0 MIKE REYNOLDS-BOARD MEMBER 1 X 0 0 0 DEAN SANDERSON-BOARD MEMBER 1 X 0 0 0 PAUL WOOD-SECRETARYTREASURER 1 X X 0 0 0 PRISCILLA BROWN-BOARD MEMBER 1 X 0 0 0 RON REED-PRESIDENTCEO 40 X 111513 0 4333 111513 4333 1 false false false FISERV 2601 NETWORK BLVD SUITE 600 FRISCO TX 75034 DATA PROCESSOR 255089 1 LOAN INCOME 714069 684225 29844 FEES & CHARGES INCOME 353557 353557 CARD INCOME 204120 204120 INSURANCE INCOME 15604 2290 13314 1287350 130037 130037 70 -70 -70 -70 1417317 1244192 43158 129967 35443 115846 392351 11708 118425 39592 3036 11758 1347 322939 2040 118470 1152 83535 3008 39343 35218 MISCELLANEOUS EXPENSES 33648 LOAN SERVICING EXPENSES 23406 ASSOCIATION DUES 9167 ALLOW LOAN LOSS & OD LOSS 74387 35562 1511381 0 0 0 2824664 5616350 5659 14176 15224464 14946250 80443 76146 2240835 773829 1496380 1467006 20410739 16503707 374586 372494 40416935 38996129 228451 276830 37686229 36311108 37914680 36587938 2502255 2408191 2502255 2408191 40416935 38996129 -94064 X false false false 345691 345691 1575234 484351 1090883 319910 289478 30432 1467006 16503707 F S & L CERTIFICATES 16471000 F CATALYST CFCU 32707 33007414 36311108 REGULAR SHARES 23287527 DEPOSIT ACCOUNTS 666188 CHRISTMAS CLUB ACCOUNTS 14926 IRA SPECIAL SAVINGS 2296938 CERTIFICATE OF DEPOSIT 3224312 SHARE DRAFT ACCOUNTS 6821217 36311108 X FIN 48 WAS NOT APPLICABLE FOR THE TAX YEAR ENDED 12312012 FORM 990 PART VI SECTION A LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990 PART VI SECTION A LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY WHETHER PERIODICALLY OR AS VACANCIES ARISE OR OTHERWISE. FORM 990 PART VI SECTION A LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APROVE 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 PART VI SECTION B LINE 11 FORT WORTH TELCO CREDIT UNION'S BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING IT WITH THE IRS. FORM 990 PART VI SECTION B LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND MONITORED AS NEEDED. FORM 990 PART VI SECTION B LINE 15 FORT WORTH TELCO CREDIT UNION USED COMPEASE COMPARISON SOFTWARE TO SET COMPENSATION. FORM 990 PART VI SECTION C LINE 19 THE GOVERNING DOCUMENTS CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY MONTHLY. FORM 990 PART IX LINE 11G THE TOTAL OF 322939 CONSISTS OF 97242 CREDITDEBIT CARD EXPENSE 213439 MEMBER ACCOUNTS EXPENSE 8105 SUPERVISORY AND EXAM FEES AND 4153 OTHER MISCELLANEOUS EXPENSES.