2013-11-06T08:11:13-08:00 2012-12-31 MURREY & CO PC 301 E BROAD ST FORNEY TX 751264110 990 2012-01-01 756016747 AMERICAS CREDIT UNION AMER 9724945328 P O BOX 469046 GARLAND TX 75046 JOE WASAFF 2013-10-28 true Gary L Murrey P00118159 9725641660 2012 2016-02-24 21:20:13Z 7034926 false false X AMERICASCU.ORG X 1934 TX AMERICA'S CREDIT UNION OFFERS NUMEROUS SERVICES TO ITS MEMBER-OWNERS, EACH DESIGNED TO ASSIST THEM IN IMPROVING THEIR ECONOMIC WELL-BEING. 10 10 68 115782 -93179 0 6768906 6883770 0 85176 151156 6854082 7034926 0 0 4062011 3970699 0 0 3853893 3287039 7915904 7257738 -1061822 -222812 160500718 181588878 138018577 157805329 22482141 23783549 AMERICA'S CREDIT UNION EXISTS TO EMPOWER MEMBER-OWNERS TO IMPROVE THEIR ECONOMIC WELL-BEING WHILE EMPLOYING THE FOLLOWING CORE VALUES: PERSONAL SERVICE, INTEGRITY, EXCELLENCE, FINANCIAL STABILITY, AND A COOPERATIVE PHILOSOPHY. false false PROVIDED COMPETITIVE, LOW COST FINANCIAL SERVICES TO MEET THE NEEDS OF CREDIT UNION MEMBERSHIP IN ORDER TO HELP THEM ACHIEVE IMPROVED ECONOMIC WELL-BEING. false false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false true false false false false false false false false false false false false false false true 3546 0 true 68 true true false false false false false false false false false false X 10 10 false false false false true false false true true false true true true true true true true true true true false X X JOE WASAFF 9724945328 2154 FOREST LANE GARLAND TX 75046 X CHRISTOPHER ENGLISH 1.00 0.00 X X 0 0 0 EDDIE E MOORE 1.00 0.00 X 0 0 0 LARRY WADSWORTH 1.00 0.00 X 0 0 0 DENA SMITH 1.00 0.00 X 0 0 0 HOWARD C FEWELL JR 1.00 0.00 X 0 0 0 GLEN CUMMINS 1.00 0.00 X X 0 0 0 STANLEY MITCHELL 1.00 0.00 X X 0 0 0 LES VANDEVENTER 1.00 0.00 X X 0 0 0 RALPH E DAY 1.00 0.00 X 0 0 0 JOE WASAFF 0.00 0.00 X 180068 0 0 180068 1 false true false XP SYSTEMS 75 REMITTANCE DRIVE STE 6963 CHICAGO IL 606756963 DATA PROCESSING 131561 DIGITAL INSIGHT CORPORATION P O BOX 515306 LOS ANGELES CA 900516606 WEB HOSTING 195245 CUNA MUTUAL GROUP P O BOX 78488 MILWAUKEE WI 532780488 INSUR/PENSION SVCS 150471 AETNA 1385 E SHAW AVE FRESNO CA 93710 EMPLOYEE INSURANCE 677245 4 0 LOAN INTEREST INCOME 4978931 4978931 INVESTMENT INCOME 468723 468723 FEE INCOME 1436116 1436116 6883770 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 35374 35374 MEMBER INSURANCE 45390 45390 CL/CD INSURANCE 33412 33412 36980 36980 151156 7034926 6450421 115782 468723 0 0 0 0 180068 0 2770734 150413 648917 220567 0 32488 0 0 0 0 209008 338603 788638 425368 0 513005 26011 0 0 0 0 0 124638 STATE EXAM & AUDIT FEES 58209 OTHER MISCELLANEOUS EXPENSES 68834 LOAN SERVICING EXPENSES 266810 DIVIDENDS 407427 28000 7257738 0 0 0 9265971 9515836 60493170 74810443 0 0 0 0 82650956 89444183 0 147647 136367 12494792 6583130 6291377 5911662 0 0 0 0 1651597 1770387 160500718 181588878 678291 541961 137340286 157263368 138018577 157805329 X 22482141 23783549 22482141 23783549 160500718 181588878 X -222812 1524220 X false false false 678603 678603 6948047 2059923 4888124 131131 131131 4737011 4392076 344935 5911662 MEMBER DEPOSITS 156708951 ACCRUALS AND OTHER LIABILITIES 554417 157263368 X X X X false false false JOE WASAFF 180068 180068 LARRY WADSWORTH SECURED X 27880 15780 false true true CHRIS M ENGLISH SECURED X 171050 158644 false true true EDDIE E MOORE SECURED X 74500 64721 false true true HOWARD C FEWELL JR SECURED/UNSECURED X 80100 31463 false true true LES VANDEVENTER SECURED/UNSECURED X 125000 2678 false true true GLEN CUMMINS UNSECURED X 3294 false true true RALPH E DAY SECURED X 29615 25919 false true true 302499 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Acquisition of Motley = $152159 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Acquisition of CMFCU = $1372061 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES AND COPIES OF FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S MAIN OFFICES LOCATED AT 2154 FOREST LANE, GARLAND, TX 75046. FINANCIAL STATEMENTS ARE ALSO POSTED IN THE LOBBY OF EACH BRANCH LOCATION AS WELL AS BEING PUBLISHED IN THE ANNUAL REPORT WHICH IS DISTRIBUTED TO EACH MEMBER WHO ATTENDS THE ANNUAL MEETING. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees COMPENSATION OF THE PRESIDENT/CEO AND VARIOUS OTHER EXECUTIVE LEVEL POSITIONS WITHIN THE CREDIT UNION ARE ESTABLISHED BY THE BOARD OF DIRECTORS, BASED ON THEIR CONSULTATION WITH AN INDEPENDENT ENTITY THAT PROVIDES COMPARABILITY DATA AND PERCENTAGES OF INCREASE BASED ON A SCORING SYSTEM. THE PRESIDENT THEN USES SAME DATA TO RECOMMEND SALARY INCREASES FOR OTHER EMPLOYEES. BOARD APPROVAL OF SALARIES IS DOCUMENTED IN THE BOARD MEETING MINUTES. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts INTERNAL CONTROLS HAVE BEEN PUT INTO PLACE REGARDING TRANSACTIONS AND LENDING THAT PROHIBIT EMPLOYEES FROM INITIATING THESE TYPES OF TRANSACTIONS ON PERSONAL OR FAMILY MEMBERS ACCOUNTS. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW EITHER AT A REGULARLY SCHEDULED BOARD MEETING OR VIA EMAIL OR FAX BETWEEN MEETINGS PRIOR TO BEING FILED. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder THERE ARE NO STOCKHOLDERS, ONLY MEMBERS. ORGANIZATION IS A CREDIT UNION MADE UP OF MEMBERS WHO ARE ELIGIBLE TO JOIN BASED ON SPECIFIC CRITERIA.