2011-04-25T12:08:00-05:00 2010-12-31 990 2010-01-01 750801235 FORT WORTH TELCO CREDIT UNION FORT 1120 SUMMIT AVENUE FORT WORTH TX 76102 RON REED 8173324131 2011-03-29 2010 2016-02-24 21:20:13Z FORT WORTH TELCO CREDIT UNION RON REED 1687624 false true X WWW.FTWORTHTELCO.ORG X 1935 TX TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICE FOR ALL MEMBERS. 7 7 18 41315 0 1422389 1341642 414747 345982 0 1837136 1687624 0 329101 116722 830740 751489 0 0 1208965 1251196 2368806 2119407 -531670 -431783 41363612 41139767 38393269 38601207 2970343 2538560 TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES FOR ALL MEMBERS. false true FORT WORTH TELCO CREDIT UNION HAD THE FOLLOWING MEMBER ACCOUNTS AS OF 12-31-10 7020 MEMBER SHARE ACCOUNTS 221 DEPOSIT ACCOUNTS 146 CHRISTMAS CLUB ACCOUNTS 167 IRA ACCOUNTS 210 CD'S 1995 SHARE DRAFT ACCOUNTS SOME OF OUR ACCOUNTS ALSO INCLUDE HOME BANKINGBILL PAYMENT. FORT WORTY TELCO CREDIT UNION HAD THE FOLLOWING LOANS AS OF 12-31-2010 1277 PERSONAL LOANS 48 OPEN END LOANS 7 REAL ESTATE LOANS 4 PARTICIPATION LOANS SOME LOANS INCLUDE CREDIT LIFEDISABILITY EXTENDED WARRANTIES OR GAP. FORT WORTH TELCO CREDIT UNION HAD THE FOLLOWING CARD SERVICES (CREDIT & DEBIT) AS OF 12-31-2010 639 CREDIT CARD ACCOUNTS 2255 DEBIT CARDS SOME OF THE CREDIT CARDS INCLUDE INSURANCE PRODUCTS. false false false false false false 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 false false false false true 697 0 18 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 AVENUE 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-SECRETARY 1 X 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 305136 1 LOAN INCOME 817553 789391 28162 FEES & CHARGES INCOME 368311 368311 CARD INCOME 141002 140425 577 INSURANCE INCOME 14776 2200 12576 1341642 346009 346009 27 -27 -27 -27 1687624 1300327 41315 345982 116722 115846 464055 14068 111572 45948 1105 23177 1266 398158 7838 133715 1152 102429 19946 35995 33169 MISCELLANOUS EXPENSES 15787 LOAN SERVICING EXPENSE 38313 ASSOCIATION DUES 21450 ALLOWANCE LOAN LOSS & OD LOSS 96324 NCUA CORP STABSWC MCA DEPLETION 321372 2119407 0 0 0 1033473 2846153 3026 6405 15480899 14581415 127318 101678 2278953 767804 1541576 1511149 22856947 21723560 320373 369407 41363612 41139767 232575 116879 38160694 38484328 38393269 38601207 2970343 2538560 2970343 2538560 41363612 41139767 -431783 X false false false false false 345691 345691 1597672 461061 1136611 335590 306743 28847 1511149 S & L CERTIFICATES 177795000 F SWCCFCU 3928560 F 181723560 REGULAR SHARES 23859407 DEPOSIT ACCOUNTS 749086 CHRISTMAS CLUB SHARES 18461 IRA SPECIAL SAVINGS 2767857 CERTIFICATES OF DEPOSIT 4737552 SHARE DRAFT ACCOUNTS 6351966 38484329 FIN 48 WAS NOT APPLICABLE FOR THE TAX YEAR ENDED 12312010 FORM 990 PART III LINE 3 THE CREDIT UNION TERMINATED THE CREDIT UNION OWNED ATM IN 2010. 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 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 A 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.