2025-10-02T19:48:27-05:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 750224670 NEIGHBORHOOD CREDIT UNION NEIG 2147489393 PO BOX 803476 DALLAS TX 75380 JAMES FRANKEBERGER CFO 2147489393 2025-10-01 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z CHET KIMMELL PO BOX 803476 DALLAS TX 75380 80201655 0 X WWW.MYNCU.COM X CREDIT UNION 1930 TX A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 261 7 1044121 0 0 0 61698495 71529029 6375081 7994198 0 0 68073576 79523227 50970 46550 0 0 18120025 19328961 0 0 0 46485851 55839778 64656846 75215289 3416730 4307938 1080041520 1122549138 987813404 1024111787 92228116 98437351 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, NEIGHBORHOOD CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 NEIGHBORHOOD CREDIT UNION PROVIDES A VARIETY OF LOANS INCLUDING AUTO, MORTGAGES, CREDIT CARD, AND UNSECURED AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. NEIGHBORHOOD CREDIT UNION PROVIDES A VARIETY OF SAVINGS ACCOUNTS INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRAS, CERTIFICATES AND INVESTMENTS AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. NEIGHBORHOOD CREDIT UNION PROVIDES INVESTMENT OPPORTUNITIES AND PLANNING TO OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 19695 0 1 261 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X JAMES FRANKEBERGER CFO 2147489393 PO BOX 803476 DALLAS TX 75380 DWAYNE BOOZER CHAIRPERSON 3.00 X 11134 0 0 JOHN LOGAN VICE CHAIRPERSON 3.00 X 12000 0 0 CLARISSA SALAS SECRETARY/TREASURER 3.00 X 6762 0 0 ARTHUR YOUNG BOARD MEMBER 3.00 X 7485 0 0 RANDY TILL BOARD MEMBER 3.00 X 8176 0 0 JANIS FRUM BOARD MEMBER 3.00 X 7034 0 0 RONALD TAYLOR BOARD MEMBER 3.00 X 7128 0 0 CHESTER KIMMELL PRESIDENT/CEO 40.00 X 564896 0 43493 JAMES FRANKEBERGER CFO 40.00 X 374079 0 47828 CAROLYN JORDAN CGO 40.00 X 254547 0 22284 KELLY GIDNEY CRO 40.00 X 185321 0 21292 FRANCIS SANTANA SVP, RETAIL & BUSINESS DEVELOPMENT 40.00 X 286510 0 46224 RONALD NEWLIN PRESIDENT, NTXCA 40.00 X 219018 0 25440 CARRIE PESCATELLO VP, BRANCH EXPERIENCE 40.00 X 185321 0 21424 YVONNE SCHMITZ SVP, INFORMATION TECHNOLOGY 40.00 X 174710 0 47683 RANI CRAFT VP, HUMAN RESOURCES & TRAINING 40.00 X 154420 0 24387 2458541 0 300055 38 0 1 0 LEVEL 5 LLC 2018 POWERS FERRY RD SE STE 750 ATLANTA GA 30339 CONSTRUCTION CONSULTING 4584065 PSCU 530 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT & CREDIT CARD PROCESSOR 1844245 NCR PO BOX 740641 LOS ANGELES CA 900740641 DIGITAL BANKING 1570222 VISA 900 METRO CENTER BLVD FOSTER CITY CA 94404 CREDIT CARD SERVICES 976515 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SOFTWARE SYSTEMS 960529 36 INTEREST ON LOANS 522100 48479380 48479380 FEE INCOME 522100 18023334 16979213 1044121 OTHER OPERATING INCOME 522100 5026315 5026315 71529029 7561249 7561249 1111377 678428 432949 432949 432949 79523227 78479106 1044121 0 44600 1950 2398822 13305500 578378 1939285 1106976 25735 107775 648144 1933271 8205189 1941506 2560368 464947 24334693 1648578 CREDIT LOSS EXPENSE 12185514 MISC OPERATING EXPENSES 863921 LOAN SERVICING EXPENSE 615036 OTHER NON-INTEREST EXPE 217005 88096 75215289 12664726 11629214 27579756 27718937 19773651 20696884 1588051 1929685 63026146 16814190 40572889 46211956 158963530 146949501 797279867 842866802 44603 7683 21574447 24538476 1080041520 1122549138 13414432 15732970 974398972 1008378817 987813404 1024111787 X 0 0 0 0 92228116 98437351 92228116 98437351 1080041520 1122549138 4307938 1901297 0 X X 0 1 X 1 0 11351998 11351998 40186481 10361658 29824823 2828439 1153885 1674554 8659228 5298647 3360581 46211956 DEPOSITS IN COMMERCIAL BANKS 9200000 C ALL OTHER INVESTMENTS 39489819 C NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 9333294 C LOANS AND LEASES 784133872 C PAID-IN CAPITAL 709817 C 842866802 TOTAL SHARES AND DEPOSITS 1008318552 ACCRUED DIVIDENDS AND INTEREST PAYABLE 60265 1008378817 1 CHILDRENS MEDICAL CENTER FOUNDATION 1935 MEDICAL DISTRICT DRIVE DALLAS TX 75235 752062015 501(C)(3) 25000 0 FMV TO ASSIST THE HEALTH SYSTEM OF TEXAS IN THE MISSION OF MAKING LIFE BETTER FOR CHILDREN. NEIGHBORHOOD CU FOUNDATION 13649 MONTFORT DR DALLAS TX 75249 842334349 501(C)(3) 19600 0 FMV TO IMPROVE THE LIVES OF THOSE IN TEXAS THROUGH PROMOTING FINANCIAL WELLNESS, PROVIDING ACCESS TO FINANCIAL EDUCATION AND RAISING THE OVERALL LEVEL OF FINANCIAL LITERACY. 2 0 X X 1 1 X X X X 0 1 0 CHESTER KIMMELL PRESIDENT/CEO 564146 0 750 0 0 0 17103 0 26390 0 608389 0 0 0 JAMES FRANKEBERGER CFO 365379 0 375 0 8325 0 16483 0 31345 0 421907 0 0 0 CAROLYN JORDAN CGO 245122 0 1100 0 8325 0 7818 0 14466 0 276831 0 0 0 KELLY GIDNEY CRO 171986 0 475 0 12860 0 7575 0 13717 0 206613 0 0 0 FRANCIS SANTANA SVP, RETAIL & BUSINESS DEVELOPMENT 266744 0 675 0 19091 0 11678 0 34546 0 332734 0 0 0 RONALD NEWLIN PRESIDENT, NTXCA 74771 0 139247 0 5000 0 11063 0 14377 0 244458 0 0 0 CARRIE PESCATELLO VP, BRANCH EXPERIENCE 177571 0 1750 0 6000 0 7458 0 13966 0 206745 0 0 0 YVONNE SCHMITZ SVP, INFORMATION TECHNOLOGY 173935 0 775 0 0 0 10191 0 37492 0 222393 0 0 0 RANI CRAFT VP, HUMAN RESOURCES & TRAINING 152495 0 1925 0 0 0 7088 0 17299 0 178807 0 0 0 PART I, LINE 1A THE CREDIT UNION PAYS FOR ANNUAL COUNTRY CLUB MEMBERSHIP FOR THE CEO FOR BUSINESS DEVELOPMENT PURPOSES. PART I, LINE 4B THE CREDIT UNION HAS ENTERED INTO A SPLIT DOLLAR INSURANCE AGREEMENT ("SD AGREEMENT"), WITH SELECT MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM. THE SD AGREEMENTS ARE COLLATERAL ASSIGNMENT ARRANGEMENTS BETWEEN THE CREDIT UNION AND THE EXECUTIVES. THE SD AGREEMENTS INVOLVE A METHOD OF PAYING FOR INSURANCE COVERAGE FOR THE EXECUTIVE BY SPLITTING THE ELEMENTS OF A LIFE INSURANCE POLICY. UNDER THE SD AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS PAID ON BEHALF OF THE EXECUTIVE FOR THE LIFE INSURANCE POLICY. AT THE EXECUTIVE'S DEATH, THE CREDIT UNION WILL BE PAID THE LOAN BALANCE IN FULL FROM THE PROCEEDS OF THE LIFE INSURANCE POLICY. ANY REMAINING LIFE INSURANCE PROCEEDS WILL BE PAID TO THE EXECUTIVE'S DESIGNATED BENEFICIARY. THE CREDIT UNION PROVIDES SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS FOR THE FOLLOWING EXECUTIVES: CHESTER KIMMELL, JAMES FRANKEBERGER, CAROLYN JORDAN, YVONNE SCHMITZ, FRANCIS SANTANA, KELLY GIDNEY AND JESSICA SWENDIG. JAMES FRANKEBERGER OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 3929980 4103340 0 1 1 KELLY GIDNEY OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 580000 579998 0 1 1 CAROLYN JORDAN OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 2885000 3012262 0 1 1 CHESTER KIMMELL OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 9653173 10078974 0 1 1 FRANCIS SANTANA HCE FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 600000 599998 0 1 1 YVONNE SCHMITZ HCE FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 2224099 2322312 0 1 1 20696884 FORM 990, PART VI, SECTION A, LINE 4 RELYON CREDIT UNION MERGED INTO NEIGHBORHOOD CREDIT UNION EFFECTIVE SEPTEMBER 1, 2024. FORM 990, PART VI, SECTION A, LINE 6 NEIGHBORHOOD CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. NEIGHBORHOOD CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF NEIGHBORHOOD CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF THE MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE AUTHORITY TO REVIEW THE FORM 990 HAS BEEN DELEGATED TO MANAGEMENT BUT ALL SIGNIFICANT ISSUES, IF ANY, RELATED TO THE RETURN HAVE BEEN DISCLOSED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY VIA INTERNAL AUDIT PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THIRD PARTY PROVIDER REVIEWS ALL JOB DESCRIPTIONS AND MAKES RECOMMENDATIONS REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON FORMAL WRITTEN REQUEST NEIGHBORHOOD CREDIT UNION DISPLAYS FINANCIALS IN EACH BRANCH LOCATION AND FILES A QUARTERLY 5300 REPORT WITH NCUA THAT MAINTAINS PUBLIC ACCESS. FORM 990, PART XI, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS SELECTION PROCESS OR OVERSIGHT PROCESS DURING THE TAX YEAR. FORM 990, SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION NEIGHBORHOOD CREDIT UNION PO BOX 803476 DALLAS, TX 75380 TAXPAYER IDENTIFICATION NUMBER: 75-0224670 FOR THE YEAR ENDING DECEMBER 31, 2024. NEIGHBORHOOD CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). NEIGHBORHOOD CU FOUNDATION 13649 MONTFORT DR DALLAS TX 75240 842334349 TO HELP CONSUMERS MAKE SMART FINANCIAL CHOICES IN MONEY MANAGEMENT TX 501(C)(3) LINE 7 NEIGHBORHOOD CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 NEIGHBORHOOD CU FOUNDATION B 19600 FMV NEIGHBORHOOD CU FOUNDATION N 0 FMV NEIGHBORHOOD CU FOUNDATION O 0 FMV NEIGHBORHOOD CU FOUNDATION L 0 FMV NEIGHBORHOOD CU FOUNDATION Q 10358 FMV