PRODUCTS AND SERVICES · 2016. 4. 5. · Mobile Banking – iPhone & Droid apps Text Banking...
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WORKING HARD AND DOING THINGS R I G H T. 2O14 ANNUAL REPORT CHECKING PRODUCTS Free Checking Accounts Home Banking with BILL PAY Access Instant Issue Debit Cards Mobile Banking – iPhone & Droid apps Text Banking E-Statements (electronic statements) MoneyPass ATM Network – 24,000 FREE ATMs SAVINGS PRODUCTS Individual and Joint Savings Accounts Money Market Accounts TUTMA Accounts – Children Accounts ALPHA Accounts –Teen Checking Accounts Certificates of Deposit (CDs) IRAs (Individual Retirement Accounts) IRA Certificates of Deposit All Deposits Federally Insured by NCUA Dividends Compounded and Paid Monthly LENDING PRODUCTS Online Loan Application (Virtual Lending) Home Equity Loans Real Estate Loans Access Advance – Line of Credit MasterCard and VISA Credit Cards Secured Credit Cards Credit Card Payment Center: www.GoToMyCard.com Credit Builder Loans Professional Loans Loan Payment Center: available on website under Online Services Loans of Many Types Loan Protection Products: GAP (Guaranteed Asset Protection) Major Mechanical Protection – warranty Financial Counseling Consumer Information – Car Cost Guides, CARFAX Member-Pay Credit Life and Disability Insurance OTHER SERVICES Direct Deposit Safe Deposit Boxes AcuStar – 24-hour Audio Teller Notary Service Payroll Deduction Access Community Credit Union Helping Build Financial Security MAIN BRANCH 6401 South Bell Street P.O. Box 7407 Amarillo, Texas 79114 Phone: 806.353.9999 Toll-Free: 800.687.2990 TASCOSA BRANCH 201 Tascosa Road Amarillo, Texas 79124 Phone: 806.242.4444 PARAMOUNT BRANCH 2531 Paramount Blvd. Amarillo, Texas 79109 Phone: 806.322.5020 Direct Loan Line: 806.322.5141 Telephone: 806.353.9999 Toll Free: 800.687.2990 Fax: 806.353.2533 AcuSTAR 24-hour teller: 800.391.8997 OFFICE HOURS: Monday & Friday: 9:00am – 5:30pm Tuesday, Wednesday, Thursday: 9:00am – 5:00pm DRIVE THRU HOURS: Monday through Friday: 7:30am – 6:00pm Saturday: 9:00am – 12:00 noon Email: [email protected] www.accesscreditunion.com Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government NCUA National Credit Union Administration, a U.S. Government Agency PRODUCTS AND SERVICES Access Convenient Banking Features with Personal Banking Benefits THE ONLY THING WE WISH IS THAT WE COULD DO MORE. Giving back to those in need is an opportunity and a privilege. Access Community Credit Union is honored to support many worthwhile area events and organizations. 24 Hours In The Canyon (Survivor’s Clinic) High Plains Food Bank – Kid’s Café Martha’s Home (Homeless Shelter for Women) Socks for Soldiers Teen Christmas WT Mountain Bike Race Series Amarillo Coalition for the Homeless Special Olympics Faith City Mission WTAMU Foundation Access2014AnnualReport.indd 1 3/17/15 3:38 PM
Transcript of PRODUCTS AND SERVICES · 2016. 4. 5. · Mobile Banking – iPhone & Droid apps Text Banking...
WO R K I N G H A R DA N D D O I N GT H I N G S R I G H T.
2 O 14 A N N U A L R E P O R T
CHECKING PRODUCTSFree Checking AccountsHome Banking with BILL PAYAccess Instant Issue Debit CardsMobile Banking – iPhone & Droid appsText Banking E-Statements (electronic statements)MoneyPass ATM Network – 24,000 FREE ATMs
SAVINGS PRODUCTSIndividual and Joint Savings AccountsMoney Market AccountsTUTMA Accounts – Children AccountsALPHA Accounts –Teen Checking AccountsCertificates of Deposit (CDs)IRAs (Individual Retirement Accounts)IRA Certificates of DepositAll Deposits Federally Insured by NCUA Dividends Compounded and Paid Monthly
LENDING PRODUCTS Online Loan Application (Virtual Lending)Home Equity LoansReal Estate LoansAccess Advance – Line of CreditMasterCard and VISA Credit CardsSecured Credit CardsCredit Card Payment Center: www.GoToMyCard.com Credit Builder Loans Professional LoansLoan Payment Center: available on website under Online ServicesLoans of Many TypesLoan Protection Products: GAP (Guaranteed Asset Protection) Major Mechanical Protection – warrantyFinancial CounselingConsumer Information – Car Cost Guides, CARFAXMember-Pay Credit Life and Disability Insurance
OTHER SERVICESDirect DepositSafe Deposit Boxes AcuStar – 24-hour Audio TellerNotary ServicePayroll Deduction
Access Community Credit UnionHelping Build Financial Security
MAIN BRANCH6401 South Bell Street
P.O. Box 7407Amarillo, Texas 79114Phone: 806.353.9999
Toll-Free: 800.687.2990
TASCOSA BRANCH201 Tascosa Road
Amarillo, Texas 79124Phone: 806.242.4444
PARAMOUNT BRANCH2531 Paramount Blvd.Amarillo, Texas 79109Phone: 806.322.5020
Direct Loan Line: 806.322.5141Telephone: 806.353.9999Toll Free: 800.687.2990
Fax: 806.353.2533AcuSTAR 24-hour teller: 800.391.8997
OFFICE HOURS:Monday & Friday: 9:00am – 5:30pm
Tuesday, Wednesday, Thursday: 9:00am – 5:00pm
DRIVE THRU HOURS:Monday through Friday: 7:30am – 6:00pm
Saturday: 9:00am – 12:00 noon
Email: [email protected]
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Your savings federally insured to at least $250,000and backed by the full faith and credit of the United States Government
NCUANational Credit Union Administration, a U.S. Government Agency
PRODUCTS AND SERVICES
Access Convenient Banking Features with Personal Banking Benefits
T H E ONLY THIN G WE W I S H I S T H AT WE COULD D O MOR E.
Giving back to those in need is an opportunity and a privilege. Access Community Credit Union
is honored to support many worthwhile area events and organizations.
24 Hours In The Canyon (Survivor’s Clinic)High Plains Food Bank – Kid’s Café
Martha’s Home (Homeless Shelter for Women)Socks for SoldiersTeen Christmas
WT Mountain Bike Race SeriesAmarillo Coalition for the Homeless
Special OlympicsFaith City Mission
WTAMU Foundation
Access2014AnnualReport.indd 1 3/17/15 3:38 PM
BOARD OF DIRECTORS
Duane Ripperger Chairman April 2015Scott Davis Vice Chairman April 2017Scott Rosenbach Treasurer April 2015Freda Powell Secretary April 2017Dale Harper Director April 2015Louise Ross Director April 2016Todd Clark Director April 2016Chad Brown Advisory Director Kris Bosley Advisory Director
OFFICERS
Keith Watson President / CEOJohn Hays Sr. Vice President / COOBrad Dewey Sr. Vice President / CFOGarrett Griffin Vice President / Service & SalesKaren Wilson Vice President / Marketing
To view prior year Financial Statements please go to our website and clickon: www.accesscreditunion.com/About us/Annual Reports
The complete financial statements for Access Community Credit Union have been audited by Connor, McMillon, Mitchell, and Shennum, PLLC, and may be reviewed at the offices of ACCU at 6401 S. Bell, Amarillo, TX. Access Community Credit Union has also filed the 990 IRS Report. A copy of the Bylaws and the Report are available to review at 6401 S. Bell, Amarillo, TX.
STATEMENT OF INCOMEYear ending December 31, 2014
INTEREST INCOME 2014Interest and fees on loans $3,472,385Interest on interest-bearing deposits 914Interest on investment securities 128,495 Total interest income 3,601,794
INTEREST EXPENSEDividends on members’ shares 107,794Checking 78,101Certificates of deposit 189,059Individual retirement accounts 61,575 Total interest expense 436,529
Net interest income 3,165,265
PROVISION FOR LOAN LOSSES 80,000NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 3,085,265
NONINTEREST INCOME- fees and charges 1,082,633
NONINTEREST EXPENSECompensation and benefits 1,683,047Data processing 596,533Occupancy 301,209NCUSIF stabilization expense –Advertising 216,153Operating expense 763,809 Total noninterest expense 3,560,751
NET INCOME $607,147
OTHER COMPREHENSIVE INCOME Change in unrealized gain (loss) on available-for-sale securities 966
COMPREHENSIVE INCOME $608,113
ASSETS 2014Cash and cash equivalents $6,893,442 Interest-bearing deposits 16,568,000
Investment securities:Securities available-for-sale 1,163,651Securities held-to-maturity 644,641Federal Home Loan Bank, at cost 38,600Loans to members, net 72,497,712Accrued interest receivable 188,068Premises and equipment, net 5,277,960NCUSIF deposit 822,640Other assets 260,815
TOTAL ASSETS $104,355,529
LIABILITIES & MEMBER’S EQUITY 2014
LIABILITIESSavings and deposit accountsMembers’ shares $34,010,614Checking accounts 19,624,523Certificates of deposit 27,279,691Individual retirement accounts 7,058,915 Total savings and deposit accounts $87,973,743
Commercial drafts payable 473,836Accounts payable 168,292Accrued interest and dividends payable 42,292Advances from borrowers for property taxes and insurance 49,119 Total liabilities $88,707,282
MEMBERS’ EQUITYMembers’ equity, substantially restrictedRegular reserve 2,262,982Reserve for contingencies 12,957,678Undivided earnings 377,698Accumulated other comprehensive income 49,889 Total members’ equity $15,648,247
TOTAL LIABILITIES AND MEMBERS’ EQUITY $104,355,529
Membership Size as of 12-31-2014: 10,813
STATEMENT OF FINANCIAL CONDITIONDecember 31, 2014
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