2012-05-07T14:02:49-05:00 2011-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2011-01-01 750297300 LIBERTYONE CREDIT UNION LIBE 2144135588 2221 E LAMAR BLVD NO 11 ARLINGTON TX 76006 MIKE FUNK 2144135588 2012-05-03 1 GERALD B KISSELL P00092658 6123324300 2011 2016-02-24 21:20:13Z X MIKE FUNK 2221 E LAMAR BLVD NO 11 ARLINGTON TX 76006 4449316 0 X WWW.LIBERTYONECU.COM X 1935 TX LIBERTYONE SEEKS TO BE OUR MEMBER'S PRIMARY FINANCIAL INSTITUTION AND WILL ADHERE TO THE HIGHEST ETHICAL STANDARDS WHILE MAINTAINING A SOUND FINANCIAL FOUNDATION. 7 7 20 10 20223 -59488 0 0 3839734 4041370 639490 569259 0 -161313 4479224 4449316 0 0 1419047 1215145 1112930 1254320 0 0 0 1889112 1401303 4421089 3870768 58135 578548 86029199 93092365 75929077 82524550 10100122 10567815 X LIBERTYONE SEEKS TO BE OUR MEMBER'S PRIMARY FINANCIAL INSTITUTION AND WILL ADHERE TO THE HIGHEST ETHICAL STANDARDS WHILE MAINTAINING A SOUND FINANCIAL FOUNDATION. 0 0 LIBERTYONE CREDIT UNION PROVIDES AUTOMOBILE LOANS TO ITS MEMBERS AND OUR RATES ARE CONSISTENTLY LOWER THAN BANKS AND OTHER FINANCIAL INSTITUTIONS. WE SURVEY BANKS AND OTHER FINANCIAL INSTITUTIONS ON A MONTHLY BASIS AND SET OUR RATES AS LOW AS POSSIBLE IN AN EFFORT TO GIVE BACK TO OUR MEMBERS. OUR REGULAR RATES ARE TYPICALLY LOWER THAN MOST FINANCIAL INSTITUTIONS AND WE GIVE MEMBERS WHO USE THE CREDIT UNION THE MOST UP TO A 1% DISCOUNT ON THOSE LOW RATES. LIBERTYONE CREDIT UNION PROVIDES 1ST MORTGAGE LOANS TO ITS MEMBERS THROUGH A THIRD PARTY SERVICE PROVIDER; HOWEVER, WE TAKE .25% OFF OF THE SERVICE PROVIDER'S RATES TO HELP GIVE OUR MEMBERS A BELOW MARKET RATE. LIBERTYONE CREDIT UNION PROVIDES CERTIFICATES OF DEPOSIT TO ITS MEMBER AT RATES THAT ARE HIGHER THAN THE MARKET RATES. WE SURVEY OTHER FINANCIAL INSTITUTIONS EACH MONTH AND ATTEMPT TO KEEP OUR RATES AS HIGH AS POSSIBLE IN AN EFFORT TO GIVE BACK AS MUCH AS POSSIBLE TO OUR MEMBERS. OUR REGULAR RATES ARE TYPICALLY HIGHER THAN MOST FINANCIAL INSTITUTIONS BUT WE ALSO ADD UP TO 1% TO THE RATES OF MEMBERS WHO USE A CERTAIN NUMBER OF PRODUCTS WITH US. IN ADDITION TO AUTO LOANS, MORTGAGE LOANS AND CDS, LIBERTYONE OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, IRAS, DEBIT CARDS, CREDIT CARDS, HOME EQUITY LOANS, LINES OF CREDIT AS WELL AS FREE ONLINE BANKING AND ONLINE BILL PAYMENT SERVICES. WE ALSO PROVIDE FREE ATM WITHDRAWALS AT ANY ATM MACHINE IN THE WORLD. 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1943 0 1 20 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2144135588 2221 E LAMAR BLVD NO 11 ARLINGTON TX 76006 CHARLEY RAMIREZ 1.00 X X 0 0 0 JUDITH BEKISZ 1.00 X X 0 0 0 DAVID WILLIAMSON 1.00 X X 0 0 0 CAL SMITH 1.00 X X 0 0 0 LINDA KUNZE 1.00 X 0 0 0 WANDA RUSSELL 1.00 X 0 0 0 DON RAWE 1.00 X 0 0 0 MIKE FUNK 40.00 X 154630 0 11500 154630 0 11500 1 0 1 0 UNITED HEALTHCARE DEPT CH/10151/600550151C0009 PALATINE IL 60055 HEALTH INSURANCE 134687 1 INCOME FROM LOANS 522100 3127812 3127812 FEES/CHARGES & MISC 522100 913558 893335 20223 4041370 569259 569259 NON-OPERATING REVENUE 522100 -161313 -161313 -161313 4449316 3859834 20223 569259 1215145 166130 830636 257554 154615 720455 53280 PROVISION FOR LOAN LOSS 200403 MISCELLANEOUS 181696 LOAN SERVICING 90854 3870768 585552 541113 -114682 278223 55857135 57686545 135596 168597 973738 825190 158344 148548 28482392 33266565 924862 1002774 86029199 93092365 567731 950012 75361346 81574538 75929077 82524550 X 0 0 0 0 10100122 10567815 10100122 10567815 86029199 93092365 X 578548 -110855 X 0 0 0 179985 158243 21742 568076 507286 60790 225677 159661 66016 148548 CUCU ADVISOR FUNDS 2007362 F BANKS AND S&LS 20528127 F US GOVT & AGENCIES 10534528 F UNREALIZED GAINS/LOSSES 196548 F 33266565 MEMBERSHIP EQUITY 81574538 81574538 X X X X 0 0 0 MIKE FUNK 129069 0 18886 0 6675 0 0 0 11500 0 166130 0 0 0 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 APPROVE 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 THE CREDIT UNION HIRES AN OUTSIDE ACCOUNTING FIRM TO PREPARE AND REVIEW FORM 990. UPON COMPLETION, THE RETURN IS REVIEWED INTERNALLY. A COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY STATES; "SHOULD I EVER FIND MYSELF UNDER OBLIGATION TO ANY OTHER GROUP OR ORGANIZATION THAT IS IN CONFLICT WITH THE CREDIT UNION, I SHALL DISCLOSE THE CONFLICT IMMEDIATELY TO THE BOARD OF DIRECTORS AND REFRAIN FROM VOTING ON ISSUES RELATED TO THE CONFLICT." FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEYS ARE USED TO SET COMPENSATION, ALONG WITH A GOVERNMENT SALARY MATRIX. AN INDEPENDENT COMPENSATION CONSULTANT WAS USED TO SET UP THE BONUS/INCENTIVE PROGRAM SEVERAL YEARS AGO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ANNUAL REPORT IS AVAIALABLE ON THE CREDIT UNION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -110,855.