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Nonprofiteer
← TTCU FEDERAL CREDIT UNION

Form 990 for tax year 2022

Filed by TTCU FEDERAL CREDIT UNION.

Totals

Total revenue
$133,134,876
Total expenses
$108,346,459
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$108,581,056
Investment income
$22,957,234
Other revenue
$1,596,586
Total assets, end of year
$2,684,022,062
Total liabilities, end of year
$2,455,740,116
Net assets or fund balances, end of year
$228,281,946
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBER LOAN INTEREST

    total $77,195,569 · related or exempt $77,195,569

  • 2b · Program service revenue: MEMBER FEES AND ASSESS

    total $31,385,487 · related or exempt $31,385,487

  • 3 · Investment income

    total $22,695,479 · excluded $22,695,479

  • 7a · Gross sales of assets other than inventory

    securities $19,249,974 · other assets $92,140,163

  • 7b · Less cost or other basis and sales expenses

    securities $19,247,207 · other assets $91,881,175

  • 7c · Gain or loss

    securities $2,767 · other assets $258,988

  • 7d · Net gain or loss

    total $261,755 · excluded $261,755

  • 11a · Other revenue: SERVICING RIGHTS VALUA

    total $1,581,915 · related or exempt $1,581,915

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $14,671 · related or exempt $14,671

  • 11e · Other revenue, total

    $1,596,586

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,818,097

  • 7 · Other salaries and wages

    total $27,108,682

  • 8 · Pension plan contributions

    total $3,350,384

  • 9 · Other employee benefits

    total $4,833,286

  • 10 · Payroll taxes

    total $2,384,347

  • 11b · Fees: legal

    total $3,846,408

  • 11c · Fees: accounting

    total $86,992

  • 11g · Fees: other

    total $2,382,381

  • 12 · Advertising and promotion

    total $4,027,085

  • 13 · Office expenses

    total $2,062,519

  • 14 · Information technology

    total $12,000,714

  • 16 · Occupancy

    total $2,600,093

  • 17 · Travel

    total $671,087

  • 19 · Conferences, conventions and meetings

    total $300,192

  • 20 · Interest

    total $6,114,797

  • 22 · Depreciation, depletion and amortization

    total $4,962,953

  • 23 · Insurance

    total $320,526

  • 24a · Other expenses: INT PAID TO MEMBERS

    total $15,429,226

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $8,150,000

  • 24c · Other expenses: LOAN SERVICING

    total $3,209,310

  • 24d · Other expenses: OVER AND SHORTS

    total $466,839

  • 24e · All other expenses

    total $220,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,384,771 · end of year $22,248,326

  • 2 · Savings and temporary cash investments

    beginning of year $189,540,787 · end of year $42,191,515

  • 4 · Accounts receivable

    beginning of year $65,382 · end of year $334,604

  • 7 · Other notes and loans receivable

    beginning of year $1,348,875,441 · end of year $1,655,374,487

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,696,450 · end of year $2,958,588

  • 10a · Land, buildings and equipment: cost or other basis

    $117,054,755

  • 10b · Land, buildings and equipment: accumulated depreciation

    $43,130,901

  • 10c · Land, buildings and equipment, net

    beginning of year $69,638,170 · end of year $73,923,854

  • 11 · Investments: publicly traded securities

    beginning of year $875,145,744 · end of year $798,509,933

  • 12 · Investments: other securities

    beginning of year $98,610 · end of year $98,610

  • 15 · Other assets

    beginning of year $107,063,227 · end of year $88,382,145

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,414,777 · end of year $51,112,021

  • 23 · Secured mortgages and notes payable

    beginning of year $205,570,200 · end of year $353,070,200

  • 25 · Other liabilities

    beginning of year $2,028,057,393 · end of year $2,051,557,895

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $329,466,212 · end of year $228,281,946

Mission and programs · 2022

Mission

ENRICHING LIFE THROUGH FINANCIAL LEADERSHIP. WE ARE THE TRUSTED SOURCE FOR FINANCIAL SOLUTIONS.

  • FEDERAL CHARTERED CREDIT UNION, EXEMPT BY FEDERAL STATUTE, ESTABLISHED TO PROVIDE SPECIFIC FINANCIAL SERVICES TO ITS MEMBERSHIP.

As filed on the 2022 return.

Listed in Part VII

  • Steve Pittman

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Saundra Ford

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bobbie Booker

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jesse Guardiola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew McKenzie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Clark Ogilvie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Steve Tiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Timothy Lyons

    PRESIDENT & CEO

    Total calculated
    $943,113
    From this org
    $882,552
    From related orgs
    $0
    Other
    $60,561
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $735,771
    Bonus
    $138,600
    Other
    $8,181
    Deferred
    $30,500
    Nontaxable benefits
    $30,061
    Filer's total
    $943,113

  • Shelby Beil

    CHIEF FINANCIAL OFFICER/TECHNOLOGY OFFICER

    Total calculated
    $407,230
    From this org
    $356,201
    From related orgs
    $0
    Other
    $51,029
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $321,276
    Bonus
    $34,925
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $20,529
    Filer's total
    $407,230

  • Daniel Newberry

    EXEC. VP/CHIEF OPERATIONS OFFICER

    Total calculated
    $409,100
    From this org
    $350,403
    From related orgs
    $0
    Other
    $58,697
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $322,930
    Bonus
    $26,355
    Other
    $1,118
    Deferred
    $30,500
    Nontaxable benefits
    $28,197
    Filer's total
    $409,100

  • Stephanie Jones

    SR. VP/CHIEF STRATEGY OFFICER

    Total calculated
    $361,264
    From this org
    $303,162
    From related orgs
    $0
    Other
    $58,102
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $273,394
    Bonus
    $29,235
    Other
    $533
    Deferred
    $30,500
    Nontaxable benefits
    $27,602
    Filer's total
    $361,264

  • Charles Andy Tripp

    SR. VP/CHIEF TECHNOLOGY OFFICER

    Total calculated
    $296,446
    From this org
    $243,133
    From related orgs
    $0
    Other
    $53,313
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $221,406
    Bonus
    $20,972
    Other
    $755
    Deferred
    $25,097
    Nontaxable benefits
    $28,216
    Filer's total
    $296,446

  • Elizabeth Patterson

    SR. VP/CHIEF BRANCHING OFFICER

    Total calculated
    $282,656
    From this org
    $235,855
    From related orgs
    $0
    Other
    $46,801
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $215,479
    Bonus
    $20,376
    Other
    $0
    Deferred
    $24,091
    Nontaxable benefits
    $22,710
    Filer's total
    $282,656

  • Floyde Goode

    SR. VP/CHIEF LENDING OFFICER

    Total calculated
    $252,367
    From this org
    $217,052
    From related orgs
    $0
    Other
    $35,315
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $203,637
    Bonus
    $13,415
    Other
    $0
    Deferred
    $22,018
    Nontaxable benefits
    $13,297
    Filer's total
    $252,367

  • Celia Armstrong

    FORMER SR. VP/CHIEF HR OFFICER

    Total calculated
    $229,942
    From this org
    $197,728
    From related orgs
    $0
    Other
    $32,214
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $180,700
    Bonus
    $17,028
    Other
    $0
    Deferred
    $19,774
    Nontaxable benefits
    $12,440
    Filer's total
    $229,942

  • Charles Chastain

    FORMER EXEC. VP/CHIEF OPERATIONS OFFICER

    Total calculated
    $437,394
    From this org
    $384,589
    From related orgs
    $0
    Other
    $52,805
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $350,171
    Bonus
    $34,418
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $22,305
    Filer's total
    $437,394

  • Jacob Barnett

    VP/BRANCH OPERATIONS

    Total calculated
    $198,585
    From this org
    $154,638
    From related orgs
    $0
    Other
    $43,947
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $141,024
    Bonus
    $11,940
    Other
    $1,674
    Deferred
    $15,976
    Nontaxable benefits
    $27,971
    Filer's total
    $198,585

  • Jesse Sumner Jr

    VP/GENERAL COUNCIL

    Total calculated
    $240,342
    From this org
    $192,399
    From related orgs
    $0
    Other
    $47,943
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $175,853
    Bonus
    $16,546
    Other
    $0
    Deferred
    $19,860
    Nontaxable benefits
    $28,083
    Filer's total
    $240,342

  • Cynthia Owens

    VP/CONSTRUCTION MANAGEMENT

    Total calculated
    $158,443
    From this org
    $141,921
    From related orgs
    $0
    Other
    $16,522
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $132,035
    Bonus
    $9,886
    Other
    $0
    Deferred
    $14,207
    Nontaxable benefits
    $2,315
    Filer's total
    $158,443

  • Gregory Heckenkemper

    MORTGAGE LOAN ORIGINATOR

    Total calculated
    $214,011
    From this org
    $184,047
    From related orgs
    $0
    Other
    $29,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,081
    Bonus
    $36,966
    Other
    $0
    Deferred
    $18,520
    Nontaxable benefits
    $11,444
    Filer's total
    $214,011

  • Corbin Hopkins

    VP/ACCOUNTING AND CONTROLLER

    Total calculated
    $194,909
    From this org
    $165,022
    From related orgs
    $0
    Other
    $29,887
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $152,596
    Bonus
    $12,426
    Other
    $0
    Deferred
    $16,554
    Nontaxable benefits
    $13,333
    Filer's total
    $194,909

  • Michelle Minton

    VP/INTERNAL AUDIT

    Total calculated
    $190,864
    From this org
    $147,621
    From related orgs
    $0
    Other
    $43,243
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $136,205
    Bonus
    $10,950
    Other
    $466
    Deferred
    $15,399
    Nontaxable benefits
    $27,844
    Filer's total
    $190,864

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
CHIEF OFFICERS, VOLUNTEERS AND VICE PRESIDENTS ARE ALLOWED, BY POLICY, TO TAKE THEIR SPOUSE WITH THEM ON A BUSINESS TRIP AND HAVE THEIR EXPENSES PAID.
PART I, LINE 4B
TIMOTHY LYONS, SHELBY BEIL, LES RECTOR, DAN NEWBERRY, STEPHANIE JONES, AND ANDY TRIPP WERE PARTICIPANTS IN A SUPPLEMENTAL RETIREMENT PLAN.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INTEGRITY TITLE & CLOSING LLC

    TITLE SERVICES AND CLOSING · OK · income $1,844,298 · assets $4,919,448

    Directly controlled by TTCU FCU

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349307966

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