Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: INTEREST ON LOANS

  total $79,496,247 · related or exempt $79,496,247

• 2b · Program service revenue: MEMBERS FEES & CHARGES

  total $18,662,875 · related or exempt $18,662,875

• 2c · Program service revenue: SERVICE REIMBURSEMENT

  total $13,668,158 · related or exempt $13,668,158

• 2d · Program service revenue: ATM/DEBIT INCOME

  total $9,824,374 · related or exempt $9,824,374

• 2e · Program service revenue: INSURANCE PRODUCTS

  total $7,151,688 · related or exempt $7,151,688

• 2f · All other program service revenue

  total $96,081 · unrelated business $96,081

• 3 · Investment income

  total $940,135 · related or exempt $940,135

• 6a · Gross rents

  real property $429,383

• 6b · Less rental expenses

  real property $36,976

• 6c · Rental income or loss

  real property $392,407

• 6d · Net rental income or loss

  total $392,407 · related or exempt $392,407

• 7a · Gross sales of assets other than inventory

  other assets $17,500

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

  other assets $7,667

• 7c · Gain or loss

  other assets $9,833

• 7d · Net gain or loss

  total $9,833 · related or exempt $9,833

• 11a · Other revenue: OTHER INCOME

  total $6,311,327 · related or exempt $6,311,327

• 11e · Other revenue, total

  $6,311,327

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $405,573

• 2 · Grants to domestic individuals

  total $35,074

• 4 · Benefits paid to or for members

  total $1,251,716

• 5 · Compensation of officers, directors and key employees

  total $7,563,652

• 7 · Other salaries and wages

  total $30,043,440

• 8 · Pension plan contributions

  total $1,067,091

• 9 · Other employee benefits

  total $4,108,871

• 10 · Payroll taxes

  total $3,417,328

• 11a · Fees: management

  total $4,500

• 11b · Fees: legal

  total $654,556

• 11c · Fees: accounting

  total $190,449

• 11f · Fees: investment management

  total $1,260

• 11g · Fees: other

  total $10,404,906

• 12 · Advertising and promotion

  total $6,015,309

• 13 · Office expenses

  total $4,562,529

• 14 · Information technology

  total $9,219,181

• 16 · Occupancy

  total $7,516,978

• 17 · Travel

  total $736,623

• 19 · Conferences, conventions and meetings

  total $207,592

• 20 · Interest

  total $14,225,702

• 22 · Depreciation, depletion and amortization

  total $6,628,080

• 24a · Other expenses: LOAN SERVICING EXPENSE

  total $3,919,685

• 24b · Other expenses: MISCELLANEOUS EXPENSE

  total $3,162,880

• 24c · Other expenses: PROVISION FOR LOAN LOSS

  total $2,650,954

• 24d · Other expenses: DEBIT CARD WRITE OFFS

  total $181,686

• 24e · All other expenses

  total $82,856

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,213,242 · end of year $13,466,397

• 2 · Savings and temporary cash investments

  beginning of year $140,410,882 · end of year $80,629,743

• 4 · Accounts receivable

  beginning of year $12,816,399 · end of year $5,993,802

• 7 · Other notes and loans receivable

  beginning of year $1,354,420,041 · end of year $2,002,578,173

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,120,653 · end of year $10,080,746

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

  $107,924,349

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

  $50,057,476

• 10c · Land, buildings and equipment, net

  beginning of year $38,643,979 · end of year $57,866,873

• 11 · Investments: publicly traded securities

  beginning of year $29,632,177 · end of year $20,975,295

• 12 · Investments: other securities

  beginning of year $103,412,218 · end of year $128,352,795

• 15 · Other assets

  beginning of year $77,243,439 · end of year $105,417,879

• 17 · Accounts payable and accrued expenses

  beginning of year $49,833,067 · end of year $94,133,571

• 23 · Secured mortgages and notes payable

  end of year $315,000,000

• 24 · Unsecured notes and loans payable

  beginning of year $10,000,000 · end of year $24,474,627

• 25 · Other liabilities

  beginning of year $1,553,489,651 · end of year $1,812,322,719

• 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 $164,590,312 · end of year $179,430,786

The filer's explanations (Part III)

PART I, LINE 4B

HIGHLY COMPENSATED EMPLOYEES ARE PROVIDED THE OPPORTUNITY TO PARTICIPATE IN THE COMPANY SPONSORED 457(B) PLAN. ALL FUNDS IN THE 457(B) PLAN ARE FROM VOLUNTARY DEFERRALS AND NO COMPANY FUNDS ARE ADDED OR MATCHED TO THE DEFERRAL. CERTAIN EXECUTIVE EMPLOYEES PARTICIPATE IN A COMPANY SPONSORED 457(F) PLAN PURSUANT TO A WRITTEN PLAN DOCUMENT AND PARTICIPANT AGREEMENT. THE PARTICIPANTS AND THE BENEFIT LIABILITY RECORDED FOR EACH/AMOUNT PAID OUT AS OF/DURING THE YEAR ENDED DECEMBER 31, 2022 IS AS FOLLOWS: PAYOUTS DURING 2022: VANCE E. POINTER: $255,188 (EXE 457(F)) BLAKE T. RICHARDSON: $286,507 (EXE 457(F)) ANGELA M. FAUST: $51,865 (ESRP) ACCRUED DEFERRED COMPENSATION LIABILITY AS OF 12/31/22: VANCE E. POINTER (EXE 457(F)) $1,675,316 BLAKE T. RICHARDSON (EXE 457(F)) $1,180,954 J.W. POST (ESRP) $221,969 C. COSS (ESRP) $172,237 A. FAUST (ESRP) $213,412 M. VINING (ESRP) $133,500 K. WHITSON (ESRP) $175,852 A. MELENDEZ (ESRP) $18,874

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• TEXAS MORTGAGE LENDING LLC

  RELATED · MORTGAGE ORIGINATIONS & SALES · TX · 50% owned · share of income $12,410 · share of assets $1,293,694

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• DTCU SERVICES INC

  C · HOLDING COMPANY · TX · 100% owned · share of assets $1,699,158 · controlled entity

  Directly controlled by CREDIT UNION OF TEXAS

• CREDIT UNION SERVICES INC

  C · LEASING · TX · 100% owned · share of income $22,197,350 · share of assets $95,682,559 · controlled entity

  Directly controlled by DTCU SERVICES INC