2025-04-03T17:40:37-04:00 2024-12-31 990 2024-01-01 750275915 EECU EECU 8178820251 1617 West 7th Street Fort Worth TX 76102 Bradley J Schone Chief Financial Officer 8178820251 2025-04-03 2024 2025-03-06 01:10:19Z Lonnie Nicholson 1617 West 7th Street Fort Worth TX 76102 245984426 false X eecu.org X 1934 TX To deliver banking experiences that enrich the lives and strengthen the financial well-being of our members and to thoughtfully contribute to the success of our industry and the communities we serve. 9 5 519 0 0 0 0 0 135331505 176472990 21215717 26705121 42051094 42806315 198598316 245984426 0 0 0 0 43303529 42808492 0 0 0 108900747 149934842 152204276 192743334 46394040 53241092 3739474922 4113496114 43247318 36060225 3696227604 4077435889 X To deliver banking experiences that enrich the lives and strengthen the financial well-being of our members and to thoughtfully contribute to the success of our industry and the communities we serve. false false The credit union operates under the provisions of the laws and rules of the Texas Credit Union Department and National Credit Union Administration. It's purpose is to encourage thrift among its members and provide credit at fair and reasonable rates of interest. This provides an opportunity to improve the members' economic conditions. Voluntary cooperative, non-profit credit union incorporated under the provisions of the laws and rules of the Texas Credit Union Department to encourage thrift among its members, providing credit at fair and reasonable rates of interest and providing an opportunity to improve our members' economic condition. 0 false 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 true false true false false false false false false false false true false false false true 0 0 true 519 true false false false false false false false false true false X 9 5 false false false false true true true true true false false true true true true true true true true false X Bradley J Schone 8178820215 1617 West 7th Street Fort Worth TX 76102 X Lonnie Nicholson CEO 40 0 X 2376831 0 38684 Matt Kaudy EVP X 731225 0 59857 Bradley Schone CFO 40 0 X 551698 0 34036 Tim Burch CIO 40 0 X 569573 0 37812 David Shurtz CRO 40 0 X 585581 0 37384 Robin Harris CXO 40 0 X 583089 0 38684 Paula Holcomb CPO 40 0 X 520112 0 35180 Chris Brown CLO 40 0 X 434547 0 21468 Tim Grove VP IT 40 0 X 380588 0 64536 Keith Spivey VP Payment Systems 40 0 X 382849 0 60309 Bryan Liles VP Commercial 40 0 X 274624 0 22309 Robert Sanger EVP (retired) 40 0 X 487862 0 3311 Joe Rossa CCO (retired) 40 0 X 68872 0 26 Scott Hounchel President -TBLG 40 0 X 208040 0 45824 Mouli Gajapathy AVP IT 40 0 X 243561 0 17019 Pauline Flores Director Facilities 40 0 X 213804 0 34026 Tracey Breton AVP Contact Center 40 0 X 186067 0 6422 Nora Gonzales AVP Retail Operations 40 0 X 191728 0 32579 Doug King Director Payments 40 0 X 185796 0 27290 Frank Molinar Chairman of the Board 1 0 X 10614 0 0 Dr Rich Dear Vice-Chairman 1 0 X 10999 0 0 Dr Joe Bean Secretary 1 0 X 8500 0 0 George Thompson Treasurer 1 0 X 8500 0 0 Ben Davis Director 1 0 X 10435 0 0 Mauro Serrano Director 1 0 X 8740 0 0 Dr Nikita Russell Director 1 0 X 10405 0 0 Randall Armstrong Director 1 0 X 10482 0 0 Karel Rucker Director 1 0 X 8500 0 0 9263622 0 616756 61 true true false 0 0 0 0 0 0 0 0 Loans 522100 176472990 176472990 176472990 26705121 26705121 1461 1461 0 0 0 0 0 0 0 0 0 0 Fee Income 522100 22010193 22010193 Miscellaneous 522100 17160737 17160737 Non-Operating 522100 3311949 3311949 321975 321975 42804854 245984426 245984426 0 0 9263622 24176221 1109946 5900502 2358201 65094 59940 211960 4039496 16442963 150721 3879751 382687 86067448 2455893 0 Miscellaneous 900503 Loan Servicing/Provision 22301116 Regulatory 229433 Dues 247896 12499941 192743334 0 0 0 52528275 93805621 383971020 433423727 11228649 10158561 165056 407055 2971226294 3261858526 20860341 30461635 69488126 25880651 39984142 43607475 0 0 216299635 190125241 43211510 49648273 3739474922 4113496114 43247318 36060225 43247318 36060225 X 3248747078 3569038926 447480526 508396963 3696227604 4077435889 3739474922 4113496114 53241093 -16194310 344161502 X false true X true false 12996344 12996344 37675699 11745483 25930216 17401167 748538 991629 17075916 13386630 3689286 43607475 X X true true X X X X X false true false Lonnie Nicholson CEO 941001 0 436032 999797 30500 8814 2416144 0 22500 Matt Kaudy EVP 522233 0 189119 19873 53500 6357 791082 0 45000 Bradley Schone CFO 387955 0 144168 19575 23000 11036 585734 0 22500 David Shurtz CRO 406954 0 160737 17889 30500 6884 622964 0 22500 Tim Burch CIO 397091 0 156840 15642 29627 8184 607384 0 22500 Robin Harris CXO 406005 0 160362 16722 30500 8184 621773 0 22500 Paula Holcomb CPO 365613 0 133519 20980 30500 4680 555292 0 22500 Chris Brown CLO 416239 0 132 18176 21468 0 456015 0 0 Tim Grove VP IT 287186 0 91485 1918 53500 11035 445124 0 45000 Keith Spivey VP Payment Systems 291937 0 87914 2998 50824 9484 443157 0 33058 Bryan Liles VP Commercial 210951 0 61560 2112 20230 2079 296932 0 12792 Robert Sanger EVP (retired) 61965 0 345233 80664 3311 0 491173 0 45000 Joe Rossa CCO (retired) 68268 0 0 604 0 26 68898 0 44972 Scott Hounchell President - TBLG 176800 0 30131 1109 32188 13636 253864 0 26400 Mouli Gajapathy AVP IT Development 213240 0 29997 324 10662 6357 260580 0 10019 Pauline Flores Director Facilities 187235 0 26154 416 22990 11035 247830 0 29999 Tracey Breton AVP Contact Center 154290 0 30841 936 4629 1793 192489 0 20949 Nora Gonzales AVP Retail Operations 174384 0 11467 5877 30500 2079 224307 0 4419 Doug King Director Payments 152739 0 32215 842 19856 7434 213086 0 2838 Part I Line 1a Board policy allows the payment of travel expenses for a spouse or companion accompanying a Board member on office business trips and travel to attend educational seminars and credit union conferences. These educational seminars and conferences are mandated by the credit union's regulatory agency. The cost for attendance and travel is included to the recipient on IRS Form 1099-M each year. The credit union provides reimbursement for expenses associated with supplemental life insurance contracts for the CEO on a gross-up basis. Part I Line 3 The credit union follows written board policies and standard operating procedures regarding the payment/reimbursement of travel expenses. Lonnie Nicholson Employee Credit Card X 40000 877 false false true Paula Holcomb Employee HELOC X 249999 249999 false false true Tim Grove Employee Vehicle X 16466 10755 false false true Tim Grove Employee Vehicle X 17970 15542 false false true Keith Spivey Employee Credit Card X 5200 53 false false true Keith Spivey Employee Credit Card X 15625 567 false false true Keith Spivey Employee HELOC X 100000 171 false false true Frank Molinar Director Mortgage X 180000 108807 false false true Joe Bean Director Employee X 10000 10000 false false true Joe Bean Director Credit Card X 25000 9724 false false true Ben Davis Director Credit Card X 12875 375 false false true George Thompson Director Credit Card X 6250 185 false false true 407055 Part XI Line 9 Asset Growth - XXX-XX-XXXX Part VI Line 6 Members of the credit union are owners and entitled to vote and elect representation on the Board of Directors at the annual membership meeting. Individuals who qualify for membership may become members by opening an account based on the minimum membership requirement. Part VI Line 7a Members elect a Board of Directors from amongst their numbers. Members vote at the annual meeting to fill seats for those Board members whose terms have expired. Part VI Line 7b The members approve changes in the credit union's Bylaws. Other decisions such as a vote to merge the credit union must be approved by the membership. The members approve the prior annual meeting minutes at each annual meeting. Part VI Line 11b A copy of the Form 990 was approved by the Board of Directors before filing. The Form 990 was prepared by the credit union's Chief Financial Officer and reviewed by the Chief Executive Officer before presentation for approval by the Board of Directors. Part VI Line 12c The Board members have a conflict of interest policy and annually must attest to their review and agreement with the requirements of the statements. Part VI Line 15b The compensation of the CEO and officers is reviewed annually by outside, third-party human resource consultants who compare position compensation levels to prevalent industry practices and trends. Salary ranges are recommended based on the asset size and complexity of the organization. This analysis is used for the CEO and senior management staff on an annual basis. The analyses and recommendations are presented to the compensation committee for approval. Meetings of the Board of Directors and committees are documented in writing and presented to the governing body for approval each month. Part VI Line 19 The credit union's Form 990 and Form 990-T as applicable are available for review upon request by the member in EECU's corporate office. The credit union's annual report is provided to members at the annual meeting and is available on the credit union's website. It may also be obtained upon request. The credit union's monthly financial statements are posted in the lobby of each branch. Part XII Line 2c The credit union has an audit committee that assumes responsibility for oversight of the audit of the financial statements and the selection of an independent accountant. North Texas Financial Services 1617 West 7th Street Fort Worth TX 76102 200390546 Insurance TX 721746 828652 EECU