Amplify Credit Union
501(c)(14)
100% goes to programs $0 to raise $100 Strong reserves Growing revenue
Amplify Credit Union is a 501(c)(14) organization based in Austin, Texas, registered in 1976, with $91,469,548 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
3600 W Parmer Ln, Austin, TX, 78727 EIN 74-1592875 Since 1976
Revenue (FY2024)
$91.5M
▲ 9.4% vs prior year
Expenses (FY2024)
$84.2M
Net assets
$127.5M
Employees
258
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Amplify Credit Union: 100% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Amplify Credit Union: 18 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Amplify Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Amplify Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To improve the lives of our members and the strength of our communities.
Contact & location
Financial trends
Revenue grew from $50.3M (FY2017) to $91.5M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $127.5M
Operating margin
7.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$1.2B
Net assets
$127.5M
Salaries & benefits
$25.3M
30% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $91,469,548▲9.4% | $84,214,734▲9.7% | $127,510,036▲4.1% | $1,309,640,133▼7.8% | 990 |
| 2023 | $83,598,527▼3.2% | $76,795,587▲22.1% | $122,473,438▲9.9% | $1,420,947,795▼6.9% | 990 |
| 2022 | $86,404,873▲23.9% | $62,899,208▲13.7% | $111,482,531▼0.7% | $1,525,654,462▲12.2% | 990 |
| 2021 | $69,720,673▲20.5% | $55,329,490▲3.5% | $112,235,904▲13.9% | $1,360,354,435▲23.6% | 990 |
| 2020 | $57,863,468▼0.9% | $53,449,044▼0.6% | $98,524,624▲17.2% | $1,100,705,305▲10.7% | 990 |
| 2019 | $58,397,921▲5.8% | $53,790,339▲11.6% | $84,075,030▲1.5% | $994,465,486▲4.6% | 990 |
| 2018 | $55,204,978▲9.8% | $48,183,897▲9.7% | $82,873,155▲3.4% | $950,869,035▲4.7% | 990 |
| 2017 | $50,254,955 | $43,932,273 | $80,150,784 | $908,312,617 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kendall Garrison — $1,101,130 (1.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kendall Garrison | President - Ceo | 40 | $1,101,130 |
| Stacy R Armijo | Svp - Cxo | 40 | $374,995 |
| Charlotte P Morrison | Svp - Cio | 40 | $372,242 |
| Jackie York | Svp - Cfo (through 9/16/24) | 40 | $372,166 |
| Kristin N Keller | Svp - Re Lending | 40 | $285,077 |
| Jose C San Pedro | Svp - Loan Administration | 40 | $264,203 |
| Angela Lynn Shaw | Svp - Talent | 40 | $249,106 |
| Alan Keith Jewells | Vp - Commercial Lending | 40 | $238,174 |
| Terry Neil Council | Mortgage Loan Originator | 40 | $204,469 |
| Lisa Larson | Vp - Payments & Ops | 40 | $203,852 |
| Christina Ranft | Vp - Project Management | 40 | $193,919 |
| John Anthony Traweek II | Vp - Information Technolog | 40 | $187,351 |
| Jennifer Sobczyk | Vp - Core Product Mgmt. | 40 | $184,551 |
| Alexander B Olmos | Commercial Loan Officer | 40 | $184,037 |
| Alma Y Palacios | Vp - Real Estate Operation | 40 | $180,879 |
| Barbara Canan Santner | Director - Mortgage Underw | 40 | $179,177 |
| Bruce Smith | Information Security Offic | 40 | $174,453 |
| Katrina Jane Cuoco | Svp - Enterprise Risk Mgmt | 40 | $174,107 |
| Julie Macaluso | Cp - Commercial Banking | 40 | $170,500 |
| Jazmin Otero | Vp-retail Banking | 40 | $165,010 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lanvera | Statement Preparation | $477,291 |
| Optimal Blue Ll | Lock Desk Services | $420,166 |
| Net Solutions Se | Security Camera Installations | $408,748 |
| Engage Fi LLC | Centizen Workflow License Fees | $389,700 |
| Elite Capital | Investment Services | $379,239 |
Frequently asked questions
- Is Amplify Credit Union a legitimate nonprofit?
- Yes. Amplify Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 74-1592875, based in Austin, Texas.
- What is Amplify Credit Union's EIN?
- Amplify Credit Union's Employer Identification Number (EIN) is 74-1592875.
- How much revenue does Amplify Credit Union report?
- Amplify Credit Union reported $91,469,548 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Amplify Credit Union's spending goes to programs?
- Amplify Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Amplify Credit Union have?
- CharityIndex grades Amplify Credit Union B+, based on program efficiency and fundraising cost.
- How much does Amplify Credit Union's highest-paid employee make?
- The highest reported compensation on Amplify Credit Union's latest Form 990 is $1,101,130, paid to Kendall Garrison (President - Ceo).
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Data for Amplify Credit Union (EIN 74-1592875) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.