COMMUNITY RESOURCE CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: COMMUNITY RESOURCE CREDIT UNION (EIN 74-1109927)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-13
IRS object ID: 201332259349300543
Schema version: 2012v2.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-13T09:56:49-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ORTH CHAKLER MURNANE AND CO CPAs	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 SW 129 COURT SUITE 201	AddressLine1
City	MIAMI	City
State	FL	State
ZIP Code	33186	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	741109927	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	COMMUNITY RESOURCE CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	COMM	NameControl
Phone	2814223611	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2900 DECKER DRIVE	AddressLine1
City	BAYTOWN	City
State	TX	State
ZIP Code	775202027	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DEENA SMITH	Name
Title	CFO	Title
Date Signed	2013-08-13	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DOUGLAS ORTH	Name
Phone	3052328272	Phone
Date Prepared	2013-08-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RUSSELL BALLARD	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	2900 DECKER DRIVE	AddressLine1
City	BAYTOWN	City
State	TX	State
ZIP Code	77520	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	21277590	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Group Exemption Number	2742	GroupExemptionNumber
Organization501c	X	Organization501c
Web Site	WWW.CRCU.ORG	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	CREDIT UNION	TypeOfOrgOtherDescription
Year Formation	1935	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING THROUGH A LIFETIME PARTNERSHIP BY PROVIDING EXCEPTIONAL SERVICE AND QUALITY PRODUCTS. WE ARE A FINANCIAL INSTITUTION THAT PROVIDES MEMBER SERVICE FOR LOANS AND SHARE ACCOUNTS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	149	TotalNbrEmployees
Total Nbr Volunteers	9	TotalNbrVolunteers
Total Gross UBI	108881	TotalGrossUBI
Net Unrelated Business Txbl Income	58710	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	18663397	ProgramServiceRevenuePriorYear
Program Service Revenue CY	19621664	ProgramServiceRevenueCY
Investment Income Prior Year	1237341	InvestmentIncomePriorYear
Investment Income Current Year	1655926	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	19900738	TotalRevenuePriorYear
Total Revenue Current Year	21277590	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	6532128	SalariesEtcPriorYear
Salaries Etc Current Year	7575389	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	11332448	OtherExpensePriorYear
Other Expenses Current Year	11717598	OtherExpensesCurrentYear
Total Expenses Prior Year	17864576	TotalExpensesPriorYear
Total Expenses Current Year	19292987	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	2036162	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1984603	RevenuesLessExpensesCY
Total Assets BOY	292266166	TotalAssetsBOY
Total Assets EOY	305918280	TotalAssetsEOY
Total Liabilities BOY	265840059	TotalLiabilitiesBOY
Total Liabilities EOY	277772328	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	26426107	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	28145952	NetAssetsOrFundBalancesEOY
Mission Description	TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP BY PROVIDING EXCEPTIONAL SERVICE AND QUALITY PRODUCTS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	SHARE ACCOUNTS COMMUNITY RESOURCE CREDIT UNIONS SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 33,006 MEMBER-OWNER ACCOUNTS ON DECEMBER 31, 2012. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATMs WORLDWIDE.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	9155	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	149	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	DEENA SMITH	NamePerson
Telephone Number	2814203718	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2900 DECKER DRIVE	AddressLine1
City	BAYTOWN	City
State	TX	State
ZIP Code	775202027	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (18 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
D OSTERHUS
CHAIRMAN	001.00	001.00	X	0	0	0
R SANDERS
V. CHAIRMAN	001.00	001.00	X	0	0	0
W GRAY
TREASURER	001.00	001.00	X	0	0	0
C TILTON
BOARD MEMBER	001.00	001.00	X	0	0	0
J CAGLE-PAGE
BOARD MEMBER	001.00	001.00	X	0	0	0
T MASTERS
BOARD MEMBER	001.00	001.00	X	0	0	0
T COUGLEN
BOARD MEMBER	001.00	001.00	X	0	0	0
PR DAWSON
BOARD MEMBER	001.00	001.00	X	0	0	0
R DEHOYOS
BOARD MEMBER	001.00	001.00	X	0	0	0
D FRAZIER
CEO/PRESIDENT	040.00	040.00		220714	0	26370	X
R BALLARD
EXECUTIVE VP	040.00	040.00		144006	0	25302	X
D SMITH
CFO	040.00	040.00		102654	0	6386	X
K CARMON
COO	040.00	040.00		96857	0	9973	X
D FIGUEROA
SR NETWORK ADMINISTRATOR	040.00	040.00		105160	0	9799		X
M GLASSCO
SR. SYSTEMS ENGINEER	040.00	040.00		113048	0	22159		X
R HEAD
SR. VP FINANCIAL ADVISOR	040.00	040.00		180160	0	42601		X
T HUDSON
VP INFORMATION TECHNOLOGY	040.00	040.00		157461	0	16515		X
R ANDERSON
SR. VP BUSINESS SERVICES	040.00	040.00		145565	0	24002		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	1265625	TotalReportableCompFromOrg
Total Other Compensation	183107	TotalOtherCompensation
Number Individuals GT100 K	9	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
MIAMI COMPUTER PRODUCTS & CONSULTING
PO BOX 643283	PITSSBURGH	PA	15264	COMPUTER EQUIPMENT	533658
JACK HENRY & ASSOCIATES INC
PO BOX 609	MONETT	MO	65708	CUS CORE SYSTEM	301594
DIGITAL INSIGHT CORPORATION
PO BOX 515306	LOS ANGELES	CA	90051	HOME BANKING	500028
PAGESOUTHERLANDPAGE
1100 LOUISIANA ST SUITE 1	HOUSTON	TX	77002	BUILDING ARCHITECT	280933
LEVEL 5 LLC
2000 RIVEREDGE PRKWY SUITE 100	ATLANTA	GA	30328	BUILDING CONTRACTORS	1014776

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	13	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS	522100	12150604	12150604
FEES/OTHER CHARGES	522100	7362179	7362179
UNRELATED BUSINESS INCOME TAX	900099	108881		108881

Field	Value	IRS element (for citing)
Total Program Service Revenue	19621664	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1655926	TotalRevenueColumn
Related Or Exempt Function Income	1655926	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	21277590	TotalRevenueColumn
Related Or Exempt Function Income	21168709	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	108881	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	632262	Total
Program Services	632262	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	5451622	Total
Program Services	5451622	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	339612	Total
Program Services	339612	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	592635	Total
Program Services	592635	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	559258	Total
Program Services	559258	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	11714	Total
Program Services	11714	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	33160	Total
Program Services	33160	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Fees For Services Prof Fundraising		FeesForServicesProfFundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	1103816	Total
Program Services	1103816	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	749890	Total
Program Services	749890	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	941228	Total
Program Services	941228	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	42853	Total
Program Services	42853	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	396892	Total
Program Services	396892	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	38908	Total
Program Services	38908	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	212483	Total
Program Services	212483	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	1925391	Total
Program Services	1925391	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	341521	Total
Program Services	341521	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	635658	Total
Program Services	635658	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	145738	Total
Program Services	145738	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	SEE ATTACHED SCHEDULE	Description
Total	5138346	Total
Program Services	5138346	ProgramServices

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	19292987	Total
Program Services	19292987	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	26321045	BOY
EOY	9732925	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	2136000	BOY
EOY	20427917	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1419353	BOY
EOY	2514862	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	174591611	BOY
EOY	193221167	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	6781283	BOY
EOY	6018715	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	26062527	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	12368697	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	12690652	BOY
EOY	13693830	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	62728132	BOY
EOY	54476496	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	391900	BOY
EOY	120400	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	5206190	BOY
EOY	5711968	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	292266166	BOY
EOY	305918280	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	775102	BOY
EOY	1889455	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	265064957	BOY
EOY	275882873	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	265840059	BOY
EOY	277772328	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	26426107	BOY
EOY	28145952	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	26426107	BOY
EOY	28145952	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	292266166	BOY
EOY	305918280	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	1984603	ReconcilationRevenueExpenses
Reconciliation Unrealized Invest	-264758	ReconciliationUnrealizedInvest
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Included On FS	false	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2769387	OtherCostOrOtherBasis
Book Value	2769387	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	12897473	OtherCostOrOtherBasis
Depreciation	3553060	Depreciation
Book Value	9344413	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	10395667	OtherCostOrOtherBasis
Depreciation	8815637	Depreciation
Book Value	1580030	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	13693830	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescription
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescription	AmountAmount
Federal income taxes
REGULAR SHARES	$86,123,850
MONEY MARKET SHARES	$16,651,240
SHARE DRAFT	$100,656,645
IRA SHARES	$15,125,472
IRA CD SHARES	$10,146,299
CERTIFICATES OF DEPOSIT	$47,179,367

Field	Value	IRS element (for citing)
Total Of Amounts	275882873	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	21277590	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	21277590	RevenueSubtotal
Total Revenue Per Form990	21277590	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	19292987	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	19292987	ExpensesSubtotal
Total Expenses Per Form990	19292987	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	X	Identifier
Return Reference	2	ReturnReference
Explanation	THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE LAWS. 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 UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN THE INTERNAL REVENUE CODE IRC SECTION 50414. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL ADVICE MEMORANDUMS TAMs TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITON OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2011, 2010, AND 2009 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS.	Explanation

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)

TitleTitle	Base Compensation Filing OrgBaseCompensationFilingOrg	Bonus Filing OrgBonusFilingOrg	Other Compensation Filing OrgOtherCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
D FRAZIER
CEO/PRESIDENT	200000	20000	714	19823	6547	247084
R BALLARD
EXECUTIVE VP	127806	15211	989	19171	6131	169308
R HEAD
SR. VP FINANCIAL ADVISOR		178870	1290	33456	9145	222761
T HUDSON
VP INFORMATION TECHNOLOGY	121973	35084	404	10422	6093	173976
R ANDERSON
SR. VP BUSINESS SERVICES	103167	38237	4161	23170	832	169567

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

ExplanationExplanation
Form 990 Part VI Section A Line 6 COMMUNITY RESOURCE CREDIT UNION IS A STATE CHARTERED CREDIT UNION WITH MEMBERS.
Form 990 Part VI Section A Line 7A BOARD OF DIRECTORS IS THE GOVERNING BODY AND IS ELECTED ANNUALLY BY THE COMMUNITY RESOURCE CREDIT UNION MEMBERS.
Form 990 Part VI Section B Line 11A THE FORM 990 IS REVIEWED BY THE CEO AND THE CFO, WHO IS A CERTIFIED PUBLIC ACCOUNTANT. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS.
Form 990 Part VI Section B Line 12 WHEN EMPLOYEES ARE HIRED, THEY MUST ACKNOWLEDGE THEY HAVE READ EMPLOYEE POLICIES. THEY MUST SIGN AGAIN IF ANY CHANGES ARE MADE TO THE POLICIES. COMMUNITY RESOURCE CREDIT UNION OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE DIRECTED TO DISCLOSE TO THEIR DEPARTMENT HEAD AND THE HUMAN RESOURCES DEPARTMENT IF ANOTHER INTEREST COULD GIVE RISE TO CONFLICTS IN REGARDS TO OUR CONFLICT OF INTEREST POLICY.
Form 990 Part VI Section B Line 15 CEO AND EXECUTIVE SALARIES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS.
Form 990 Part VI Section C Line 19 OUR CONFLICT OF INTEREST POLICY IS CONTAINED IN THE EMPLOYEE HANDBOOK. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. OUR FINANCIAL STATEMENTS ARE DISPLAYED IN THE LOBBY OF EACH OF OUR BRANCHES.