2024-05-06T15:52:13-07:00 2023-12-31 990 2023-01-01 750869112 SWEETEX CREDIT UNION SWEE 9037531150 4421 W Loop 281 Longview TX 756045552 LaWanda Drennan President 9037531150 2024-05-06 LaWanda Drennan 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z LAWANDA DRENNAN 4421 W LOOP 281 LONGVIEW TX 75604 291719 0 X X 1952 TX SWEETEX CREDIT UNION OFFERS SAVINGS AND LOANS TO A SINGLE EMPLOYEE GROUP AND THEIR FAMILIES AT ECONOMICAL RATES AND ENCOURAGES THE FINANCIAL HEALTH OF OUR MEMBER-OWNERS 5 5 2 5 0 0 0 0 148161 168217 125936 123502 0 0 274097 291719 0 0 0 0 188466 176840 0 0 0 73462 113735 261928 290575 12169 1144 10947699 10035093 7427194 6513444 3520505 3521649 SWEETEX CREDIT UNION OFFERS SAVINGS AND LOANS TO A SINGLE EMPLOYEE GROUP AND THEIR FAMILIES AT ECONOMICAL RATES AND ENCOURAGES THE FINANCIAL HEALTH OF OUR MEMBER-OWNERS 0 0 MEMBER SHARE/SAVINGS ACCOUNTS-SWEETEX CREDIT UNION'S SHARE/SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD MORE THAN 1000 MEMBER OWNED ACCOUNTS ON DECEMBER 31, 2012. MEMBER ACCOUNTS ARE PAID DIVIDENDS MONTHLY WITH AVAILABILITY OF DIRECT DEPOSIT AND ACH FOR TRANSACTIONS. THE CREDIT UNION ENCOURAGES THE DEVELOPMENT OF SAVING HABITS. CONSUMER LOANS-SWEETEX CREDIT UNION HAS PROVIDED VEHICLE AND OTHER SECURED LOANS SINCE ITS BEGINNING IN 1952. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RV'S, BOATS, MOTORCYCLES, NEW AND USED AUTOS, AND UNSECURED LOANS. CONSUMER CREDIT LIFE AND DISABILITY INSURANCE AND GUARANTEED AUTO BALANCE PROTECTION COVERAGE ARE AVAILABLE AT GROUP RATES JUST FOR OUR MEMBER BORROWERS. HOME LOANS-SWEETEX CREDIT UNION HAS BEEN OFFERING HOME LOANS FOR OVER 20 YEARS AT COMPETITIVE RATES TO ITS MEMBERSHIP AND BEGAN OFFERING HOME EQUITY LOANS IN RECENT YEARS. THE CREDIT UNION CURRENTLY BOOKS THESE LOANS IN-HOUSE TO MATURITY. SWEETEX IS VERY CONSERVATIVE IN IT'S MORTGAGE LENDING, ONLY FINANCING 80%OR LESS LOAN TO VALUE FOR 20 OR LESS YEARS. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 0 1 256 0 1 2 1 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 X X LAWANDA DRENNAN 9037531150 4421 W LOOP 281 Longview TX 75604 LAWANDA DRENNAN PRESIDENT/CEO 40 X X 84067 0 15800 RITA HOGAN BOARD CHAIRMAN 2 0 X X 0 0 0 RAYMOND F TAYLOR BOARD VICE CHAIRMAN 2.0 0 X X 0 0 0 RONALD TEVEBAUGH DIRECTOR 1.5 0 X X 0 0 0 LINDA DAILEY DIRECTOR 0.50 0 X 0 0 0 BRYAN BLANTON DIRECTOR 0.50 0 X 0 0 0 84067 0 15800 0 0 0 0 0 0 INTEREST ON MEMBER LOANS 522130 164016 164016 0 0 LOAN PROTECTION PRODUCTS 522130 3976 3976 0 0 MEMBER FEE INCOME 522130 225 225 0 0 0 0 0 0 168217 123502 123502 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 291719 291719 0 0 84067 38750 9340 35108 9575 24427 19500 64092 LOAN PROGRAM SERVICING 5716 290575 0 0 0 62790 201313 7245010 6040019 3585210 3737786 45133 29478 20333 15655 34356 40320 10947699 10035093 157518 49796 7269676 6463648 7427194 6513444 X 0 0 0 0 3520505 3521649 3520505 3521649 10947699 10035093 1144 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 45133 0 29478 15655 0 0 0 0 15655 MEMBER SAVINGS ACCOUNTS 6463648 6463648 Form 990, Part VI, Section A, Line 6 WE ARE A NON PROFIT MEMBER OWNED CREDIT UNION ORGANIZED UNDER THE STATE OF TEXAS AND GOVERNED BY A BOARD OF DIRECTORS ELECTED BY THE MEMBERSHIP AT AN ANNUAL MEETING REQUIRED BY OUR REGULATOR, THE CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS. Form 990, Part VI, Section A, Line 7a AT THE REQUIRED ANNUAL MEETING OF MEMBER, EXPIRING BOARD OF DIRECTOR TERM POSITIONS ARE FILLED BY VOTE OF MEMBER OWNERS FROM SLATE OF MEMBER NOMINEES. Form 990, Part VI, Section A, Line 7b ANY CHARTER MODIFICATIONS, MERGER OR LIQUIDATION DECISIONS ARE SUBJECT TO MEMBER OWNER APPROVAL BY VOTE Form 990, Part VI, Section B, Line 11b MANAGEMENT PROVIDES ACCESS TO COPIES OF THE IRS FORM 990 FOR REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 12c ALL OFFICERS AND DIRECTORS ARE MONITORED AND REQUIRED TO FILE A CONFLICT OF INTEREST DISCLOSURE STATEMENT PRIOR TO AND WHILE HOLDING THEIR POSITIONS. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS REVIEW COMPENSATION SCHEDULES PROVIDED BY TRADE ASSOCIATIONS TO ASSIST IN ESTABLISHMENT OF THE CEO/PRESIDENTS COMPENSATION ALONG WITH PERFORMANCE AND TENURE FOR THAT POSITION. Form 990, Part VI, Section C, Line 18 ANNOUNCEMENT IN QUARTERLY STATEMENT NEWSLETTER THAT THE FORMS ARE AVAILABLE FOR INSPECTION UPON REQUEST, ALSO AVAILABLE AT REQUIRED ANNUAL MEMBERS MEETING FOR INSPECTION. Form 990, Part VI, Section C, Line 19 THE CREDIT UNION MAKES ITS CHARTER DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS, INCLUDING IRS FOR 990, AVAILABLE TO ITS MEMBER-OWNERS UPON REQUEST BY NOTICE IN REGULAR STATEMENTS AND AT THE REQUIRED ANNUAL MEMBERSHIP MEETING.