Community Resource Credit Union
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Community Resource Credit Union is a 501(c)(14) organization based in Baytown, Texas, registered in 1976, with $67,415,325 in FY2024 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
3110 Rollingcreek Dr, Baytown, TX, 77521 EIN 74-1109927 Since 1976
Revenue (FY2024)
$67.4M
▲ 20.3% vs prior year
Expenses (FY2024)
$60.6M
Net assets
$80.5M
Employees
253
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
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 Community Resource Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +10% 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 Community Resource Credit Union: 16 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Community Resource Credit Union: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Community Resource Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To help our members achieve financial well-being, through a lifetime partnership providing exceptional service & quality products.
What they do
Checking accounts - community resource credit union provides different checking accounts to members with different features. the range varies from free checking accounts to checking accounts with enhanced benefits. dividends are paid monthly. the credit union extends the utility of these accounts to all members with free debit card and internet and mobile account access.
Money market accounts - community resource credit union offers money market accounts for members who choose to keep their funds liquid, but will not transact as much and desire to earn an enhanced yield. dividends are paid monthly.
Certificates of deposit - community resource credit union offers the highest yields to members who agree to keep their money deposited for a specific amount of time. interest is paid monthly.
Contact & location
Financial trends
Revenue grew from $21.3M (FY2013) to $67.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $814.6MNet assets $80.5M
Operating margin
10.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$895.1M
Total liabilities
$814.6M
Net assets
$80.5M
Salaries & benefits
$18.7M
31% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $67,415,325▲20.3% | $60,587,487▲19.8% | $80,492,719▲19.0% | $895,067,097▲5.4% | 990 |
| 2023 | $56,032,649▲17.9% | $50,569,493▲28.7% | $67,616,714▲9.9% | $848,944,025▲11.1% | 990 |
| 2022 | $47,539,964▲10.1% | $39,302,500▲17.0% | $61,543,590▼0.1% | $763,924,806▲7.1% | 990 |
| 2021 | $43,169,320▲9.1% | $33,604,914▼7.8% | $61,596,394▲25.1% | $712,967,542▲10.8% | 990 |
| 2020 | $39,577,524▼1.8% | $36,434,750▲5.3% | $49,227,544▲0.6% | $643,446,616▲13.9% | 990 |
| 2019 | $40,320,206▲8.0% | $34,609,227▲9.1% | $48,935,525▲10.9% | $564,704,064▲8.5% | 990 |
| 2018 | $37,341,886▲18.9% | $31,709,585▲9.5% | $44,112,222▲17.4% | $520,367,685▲4.2% | 990 |
| 2017 | $31,412,735▲11.2% | $28,965,715▲11.7% | $37,561,004▲5.9% | $499,269,426▲18.3% | 990 |
| 2016 | $28,248,330▲9.5% | $25,941,804▲15.6% | $35,476,401▲3.3% | $421,898,239▲11.0% | 990 |
| 2015 | $25,786,379▲9.3% | $22,449,749▲5.0% | $34,353,507▲8.8% | $380,061,947▲7.0% | 990 |
| 2014 | $23,591,520▲11.0% | $21,371,176▲3.8% | $31,584,160▲11.3% | $355,045,620▲7.8% | 990 |
| 2013 | $21,255,809 | $20,579,131▲6.7% | $28,365,501▲0.8% | $329,236,688▲7.6% | 990 |
| 2012 | — | $19,292,987▲8.0% | $28,145,952▲6.5% | $305,918,280▲4.7% | 990 |
| 2011 | — | $17,864,576 | $26,426,107 | $292,266,166 | 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: Russell Ballard — $1,185,220 (1.96% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Russell Ballard | President/ceo | 40 | $1,185,220 |
| Brenda Weinberger | Evp | 40 | $463,155 |
| Tammy Lockette | Svp, Cio | 40 | $447,480 |
| Travis Smith | Vp Financial Advisor | 40 | $279,393 |
| Michael Libbey | Svp/cfo | 40 | $212,966 |
| Timothy Foley | Svp, Coo | 40 | $207,074 |
| David Dang | Vp Chief Information Security Officer | 40 | $194,507 |
| Aaron Rathbone | Vp of Business Lending | 40 | $179,501 |
| Matthew Glassco | Sr. Systems Engineer | 40 | $162,690 |
| Alyssa Moretti | Director of Hr | 40 | $142,080 |
| Sonya Harris | Svp of Lending | 40 | $1,423 |
| Connie A Tilton | Bod Member | 1 | — |
| David Mohlam | Bod Member | 1 | — |
| Dick Dawson | Bod Member | 1 | — |
| Jonna Cagle-page | Vice Chairperson | 1 | — |
| Randall Sanders | Chairperson | 1 | — |
| Roy Barefield | Board Secretary | 1 | — |
| Wally Whitley | Bod Member | 1 | — |
| William Vola | Board Treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fidelity National Information Services | Credit & Debit Card Processor | $4,094,738 |
| Digital First Holdings LLC | Home Banking Platform | $1,716,096 |
| Newground International LLC | Construction and Project | $1,358,161 |
| Mcpc Inc | Hardware & Software | $921,023 |
| Auto Services Recovery Inc | Gap/extended Warranty For Auto Loans | $536,855 |
Grants made · $46K in FY2024
1 grant totaling $46K in FY2024. All grants made by Community Resource Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Methodist Hospital | Training lab funds & community patient assistance funds | $45,715 |
Frequently asked questions
- Is Community Resource Credit Union a legitimate nonprofit?
- Yes. Community Resource Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 74-1109927, based in Baytown, Texas.
- What is Community Resource Credit Union's EIN?
- Community Resource Credit Union's Employer Identification Number (EIN) is 74-1109927.
- How much revenue does Community Resource Credit Union report?
- Community Resource Credit Union reported $67,415,325 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Community Resource Credit Union's spending goes to programs?
- Community Resource Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Community Resource Credit Union have?
- CharityIndex grades Community Resource Credit Union B, based on program efficiency and fundraising cost.
- How much does Community Resource Credit Union's highest-paid employee make?
- The highest reported compensation on Community Resource Credit Union's latest Form 990 is $1,185,220, paid to Russell Ballard (President/ceo).
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Data for Community Resource Credit Union (EIN 74-1109927) 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.