2012-11-14T15:10:11-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2011-01-01 741271704 CENTEX CITIZENS CREDIT UNION CENT 2545629296 PO BOX 1252 MEXIA TX 76667 JANIS MASSEY 2545629296 2012-11-07 1 JANIS ISAACSON P00089104 6022662248 2011 2016-02-24 21:20:13Z JANIS MASSEY PO BOX 1252 MEXIA TX 76667 2969482 0 X WWW.MYOWNCU.COM X 1954 TX CENTEX CITIZENS CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION WITH A STATE CHARTER AND IS A MEMBER OF THE NATIONAL SHARE INSURANCE FUND. 7 7 21 0 13355 -6365 0 0 2780088 2881659 0 75054 0 12769 2780088 2969482 0 0 0 0 787857 885181 0 0 0 1900357 1833562 2688214 2718743 91874 250739 57572955 55505860 47325506 45053056 10247449 10452804 X THE CREDIT UNION IS REGULATED BY THE STATE OF TEXAS CREDIT UNION DEPARTMENT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION. CENTEX CITIZENS CREDIT UNION OFFERS PRODUCTS AND SERVICES IN FIVE PRIMARY AREAS: SHARE ACCOUNTS, CHECKING OR SHARE DRAFT ACCOUNTS, CONSUMER LOANS, BUSINESS LOANS AND REAL ESTATE LOANS. 0 0 SHARE ACCOUNTS: CENTEX CITIZENS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH OUR MAIN OFFICE AND BRANCH LOCATION. ACCESS IS ALSO AVAILABLE THROUGH THE INTERNET HOME BANKING, TELEPHONE, AUDIO RESPONSE AND ATM'S. CENTEX CITIZENS CREDIT UNION HAS A YOUTH SAVINGS PROGRAM THAT ENCOURAGES CONSISTENT SAVINGS HABITS. CHECKING ACCOUNTS: CENTEX CITIZENS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, MOST OF WHICH OFFER MONTHLY PAID DIVIDENDS. OUR MEMBERS HAVE ACCESS TO THEIR ACCOUNTS THROUGH TWO LOCATIONS, FREE DEBIT CARDS, FREE ATM CARDS AND FREE INTERNET ONLINE BANKING. WE ALSO OFFER A BILL PAY FEATURE WITH UNLIMITED TRANSACTIONS FOR FREE. CONSUMER LOANS: CENTEX CITIZENS CREDIT UNION HAS PROVIDED CONSUMER SIGNATURE LOANS FROM THE BEGINNING. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING WITH FLEXIBLE OFFERINGS FOR VEHICLES, RECREATIONAL VEHICLES, WATER CRAFTS, MOTORCYCLES, HOME FURNISHINGS, HOME LAWN EQUIPMENT AND SHARE AND CERTIFICATE BACKED LOANS. BOTH LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS. CENTEX CITIZENS CREDIT UNION PROVIDES HOME EQUITY LOANS WITH A SINGLE DISTRIBUTION, A VARIABLE RATE OF INTEREST REVIEWED ON AN ANNUAL BASIS WITH A MONTHLY PAYMENT. CENTEX CITIZENS CREDIT UNION FUNDS OTHER REAL ESTATE LOANS TO PURCHASE OR REFINANCE A HOME. CENTEX CITIZENS CREDIT UNION ALSO FUNDS A LIMITED AMOUNT OF BUSINESS LOANS TO LOCAL BUSINESSES IN AREAS WHERE OUR EXPERTISE ALLOWS US TO UNDERSTAND THEIR BUSINESS OPERATIONS AND THEY USE REAL ESTATE OR EQUIPMENT AS COLLATERAL. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 21 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JANIS MASSEY 2545629296 PO BOX 1252 MEXIA TX 76667 CHARLES WARREN 1.00 X 0 0 0 RICHARD JOHNSON 1.00 X 0 0 0 KENNETH POLLARD JR 1.00 X 0 0 0 COLLEEN RANGE 1.00 X 0 0 0 TERRY DON SHIVERS 1.00 X 0 0 0 BOBBY MCDONALD 1.00 X 0 0 0 DENNIS WILSON 1.00 X 0 0 0 JANIS MASSEY 40.00 X 93737 0 0 KAY FOWLER 40.00 X 53237 0 0 TAMI GRIFFIN 40.00 X 55844 0 0 BEVERLY RHIDENOUR 40.00 X 47967 0 0 250785 0 0 0 0 0 0 FISERV 7500 REMITTANCE DR SUITE 6974 CHICAGO IL 606756974 DATA PROCESSING 348635 1 PROGRAM SERVICE REVENU 522100 2868304 2868304 UNRELATED BUSINESS INC 900099 13355 13355 2881659 75054 75054 MISC INCOME- 150000 522100 12769 12769 12769 2969482 2956127 13355 0 250785 400263 55968 130679 47486 2040 413337 23784 33894 87250 149297 26250 237484 70477 35778 PROVISON FOR LOAN LOSS 432349 OPERATIONS 321622 2718743 2329782 2828214 6852907 13865136 5897 1100 35906007 34592101 25789 39307 2747272 1113318 1585276 1633954 9579000 1381806 1288297 1164242 57572955 55505860 400779 633823 46924727 44419233 47325506 45053056 X 0 0 0 0 10247449 10452804 10247449 10452804 57572955 55505860 X 250739 -45384 X X 0 1 1 X 0 257148 257148 1945786 694093 1251693 544338 419225 125113 1633954 SHARES 14856521 SHARE DRAFTS 6020137 IRA REGULAR SHARES 2421553 IRA CERTIFICATES 1632877 REGULAR CERTIFICATES 15618956 MONEY MARKET ACCTS 3830280 ACH (RECEIVABLE)/PAYABLE 38909 44419233 2969482 2718743 250739 -45384 -45384 205355 2969482 0 2969482 0 2969482 2718743 0 2718743 0 2718743 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS ON FUND BALANCES -45,384. FORM 990, PART VI, SECTION A, LINE 6 CENTEX CITIZENS CREDIT UNION'S FIELD OF MEMBERSHIP IS LIMITED TO PERSONS WHO WORK OR RESIDE IN LIMESTONE COUNTY, TEXAS AND THAT PORTION OF FREESTONE COUNTY WEST OF I-45 AND SPECIFICALLY FAIRFIELD; THAT PORTION OF NAVARRO COUNTY WEST OF I-45 AND SOUTH OF HIGHWAY 22; AND THAT PORTION OF HILL COUNTY SOUTH OF HIGHWAY 22 AND EAST OF I-35 TO INCLUDE HILLSBORO; WITH THE FOLLOWING EXCLUSION: PERSONS THAT ARE ELIGIBLE FOR PRIMARY MEMBERSHIP IN EXISTING OCCUPATIONAL OR ASSOCATION-BASED CREDIT UNIONS IN NAVARRO AND HILL COUNTIES AND MEMBERS OF THE FAMILY OF SUCH PERSONS. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR A QUORUM OF THE MEMBERSHIP (25 OR MORE MEMBERS) OF CENTEX CITIZENS CREDIT UNION ELECTS TWO OR THREE PERSONS TO SERVE THREE YEAR TERMS ON THE BOARD OF DIRECTORS. THIS QUORUM CONVENES AT AN ANNUAL MEETING HELD BEFORE JUNE 1ST OF EACH YEAR. EACH MEMBER IS ALLOWED ONE VOTE AND NO MEMBER IS ALLOWED TO VOTE BY PROXY. 45 DAYS PRIOR TO THE ANNUAL MEETING THE BOARD OF DIRECTORS APPOINTS A NOMINATING COMMITTEE OF THREE THAT DETERMINES IF THE NOMINEE IS QUALIFIED TO SERVE AS A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF CENTEX CITIZENS CREDIT UNION'S GOVERNING BODY FOR REVIEW. QUESTIONS AND COMMENTS ARE THEN SUBMITTED TO THE PRESIDENT WHO PREPARED THE FORM 990. WHEN THE BOARD OF DIRECTORS ARE SATISFIED THE REPORT HAS BEEN COMPLETED ACCURATELY AND CORRECTLY, THEY GIVE FINAL APPROVAL FOR IT TO BE SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPOINTS A COMMITTEE, WHICH USES THE CUNA ANNUAL COMPENSATION SURVEY, TO ASSIST IN DETERMINING THE PRESIDENT'S COMPENSATION. THE PRESIDENT DETERMINES THE COMPENSATION FOR OFFICERS AND ALL EMPLOYEES USING THE SAME CUNA ANNUAL COMPENSATION SURVEY. FORM 990, PART VI, SECTION C, LINE 19 CENTEX CITIZENS CREDIT UNION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAIN/LOSS ON FUND BALANCES -45,384. TOTAL TO FORM 990, PART XI, LINE 5: -45,384. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OVERSEES THE AUDITED FINANCIAL STATEMENTS.