2025-09-04T11:13:15-05:00 2024-12-31 990 2024-01-01 741383594 NCE CREDIT UNION NCEC 3618824780 901 LEOPARD SUITE 114 CORPUS CHRISTI TX 78401 YOMEIDA DELGADO PRESIDENT/CEO 3618824780 2025-08-06 1 2024 2025-03-06 01:10:19Z YOMEIDA DELGADO 901 LEOPARD SUITE 114 CORPUS CHRISTI TX 78401 413726 0 2742 X WWW.NCECREDITUNION.NET X 1966 TX ESTABLISH AND MAINTAIN A PROPERLY MANAGED CREDIT UNION OPERATING AT MAXIMUM FINANCIAL LEVELS AND RENDERING PROMPT, COURTEOUS SERVICE FOR ALL MEMBERS. 5 5 3 0 0 0 0 0 327987 304414 56925 109312 0 0 384912 413726 0 0 22578 0 162720 168784 0 0 0 135650 226666 320948 395450 63964 18276 5387978 5608470 4209353 4411569 1178625 1196901 X ESTABLISH AND MAINTAIN A PROPERLY MANAGED CREDIT UNION OPERATING AT MAXIMUM FINANCIAL LEVELS AND RENDERING PROMPT, COURTEOUS SERVICE FOR ALL MEMBERS 0 0 NCE CREDIT UNION CONTINUES TO BE A WELL-CAPITALIZED FINANCIAL INSTITUTION, WITH A STRONG NET WORTH RATIO OF 21%. TO PUT THAT IN PERSPECTIVE, A NET WORTH RATIO ABOVE 7% IS CONSIDERED A WELL-CAPITALIZED FINANCIAL INSTITUTION BY OUR REGULATORS. WHILE NCE CREDIT UNION SHOWED A DECREASE IN OUR LOAN PORTFOLIO, NET WORTH SHOWED AN INCREASE, ASSETS INCREASED, AND INVESTMENTS INCREASED. NCE WORKS DILIGENTLY TO PROVIDE THE BEST VALUE AND EXPERIENCE FOR OUR MEMBERS, AND HAS WORKED TO STREAMLINE AND SIMPLIFY OUR PROCESSES WHERE POSSIBLE AND CONTINUE TO EDUCATE OUR MEMBERS ON WAYS TO IMPROVE THEIR CREDIT HISTORY. WE WANT TO BE ABLE TO OFFER EVERY ONE OF OUR MEMBERS THE BEST LOAN INTEREST RATES POSSIBLE. NCE CREDIT UNION ENCOURAGES ALL MEMBERS TO REFER FAMILY AND CO-WORKERS TO JOIN OUR CREDIT UNION FAMILY. 395450 413726 REFER TO EXEMPT PURPOSE ACCOMPLISHMENTS LISTED IN PART III, PAGE 2 OF THIS RETURN. 395450 413726 395450 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 116 0 3 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X YOMEIDA DELGADO 3618824780 901 LEOPARD SUITE 114 CORPUS CHRISTI TX 78401 X JUAN M ESCOBAR CHARIMAN 2.00 X X 0 0 0 THELMA LOPEZ CO-CHAIRMAN 2.00 X X 0 0 0 BRENDA K NUNEZ SECRETARY/TREASURER 2.00 X X 0 0 0 JUDGE THELMA RODRIGUEZ DIRECTOR 2.00 X 0 0 0 KERRY GINN DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN INTEREST INCOME 522100 203108 203108 MISCELLANEOUS 900099 40900 40900 SHARE FEES & CHARGES 522100 26280 26280 ATM SETTLEMENT 522100 19750 19750 LOAN FEES & CHARGES 522100 14376 14376 304414 109312 109312 413726 413726 0 0 X 137971 137971 7737 7737 11707 11707 11369 11369 64988 64988 3802 3802 27482 27482 1870 1870 51655 51655 1578 1578 10077 10077 PROVISION FOR LOAN LOSS 47033 47033 MISCELLANEOUS 6843 6843 CREDIT REPORT EXPENSE 4246 4246 TCUL DUES 3937 3937 3155 3155 395450 395450 0 0 191209 139457 3063246 2854824 962 2712 108564 106361 3781 2203 2119798 2598996 8982 10278 5387978 5608470 23233 18087 4186120 4393482 4209353 4411569 X 0 0 0 0 1178625 1196901 1178625 1196901 5387978 5608470 18276 0 X 0 0 0 108564 106361 2203 2203 CERTIFICATES OF DEPOSIT 1600000 C CATALYST CORP FED CU 957862 C NCU SHARE INSURANCE 41134 F 2598996 MEMBER SHARES/DEPOSITS 4393482 4393482 FORM 990, PART VI, SECTION A, LINE 6 NCE IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS FROM A COMMON FIELD OF MEMBERSHIP AND WHO HAVE PAID INTO THEIR SHARE ACCOUNTS A BOARD APPROVED MINIMUM MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HOLD ANNUAL MEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW. AFTER REVIEW AND DISCUSSION, THE FORM IS APPROVED FOR REMITTANCE TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE CREDIT UNION MONITORS THESE STATEMENTS TO DETERMINE ANY OUTSIDE ENTITY ACTIVITY AND THE NATURE OF SUCH INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS REVIEW THE COMPENSATION PAID TO THEIR KEY EMPLOYEES ON AN ANNUAL BASIS AND COMPARES COMPENSATION LEVELS AGAINST INDUSTRY STANDARDS, CREDIT UNION SIZE, AND SERVICES. ALL DELIBERATIONS ARE FORMALLY RECORDED IN APPROPRIATE OFFICIAL MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION POSTS ITS FINANCIAL STATEMENTS IN THE CU LOBBY FOR ALL MEMBERS TO REVIEW. THE GOVERNANCE DOCUMENTS AND CONFLICTS OF INTEREST STATEMENTS ARE AVAILABLE IN THE CU OFFICE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G AUDIT FEES: PROGRAM SERVICE EXPENSES 13,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,450. ADP FEES: PROGRAM SERVICE EXPENSES 1,919. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,919. BANK CHARGES: PROGRAM SERVICE EXPENSES 23,207. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,207. DEBIT CARD PROGRAM: PROGRAM SERVICE EXPENSES 26,412. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,412.