Credit Union of Texas
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Credit Union of Texas is a 501(c)(14) organization based in Allen, Texas, registered in 1976, with $218,115,019 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
900 W Bethany Dr Ste 500, Allen, TX, 75013 EIN 75-0225045 Since 1976
Revenue (FY2024)
$218.1M
▲ 16.3% vs prior year
Expenses (FY2024)
$208.8M
Net assets
$183.7M
Employees
752
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 Credit Union of Texas: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +4% 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 Credit Union of Texas: 11 mo reserves · +4% 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 Credit Union of Texas: 6 of 6 checks met earns a A+ 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 Credit Union of Texas: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
We provide various financial products including consumer and commercial loans, leases, and real estate loans. savings products include shares, share drafts, money market accounts, cds and iras.
What they do
Certificates of deposits (cds) and individual retirement account certificates (iras): credit union of texas offers cds and iras for our members to invest in both short and long term investment vehicles at a guaranteed rate of return. interest rates are typically competitive, compounded, and credited monthly.
Share accounts: credit union of texas has a minimum $5.00 share account balance requirement and a one time $10.00 membership fee. member share accounts may pay a monthly dividend. these "savings" accounts are paid a competitive rate to benefit our members. credit union of texas had approximately 169,000 members as of december 31, 2024. special share accounts are available for children, special occasions, and holiday savings.
Contact & location
Financial trends
Revenue grew from $53.1M (FY2013) to $218.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.4BNet assets $183.7M
Operating margin
4.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5B
Total liabilities
$2.4B
Net assets
$183.7M
Salaries & benefits
$51.8M
25% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $218,115,019▲16.3% | $208,767,480▲17.9% | $183,710,392▲5.5% | $2,541,111,199▲1.2% | 990 |
| 2023 | $187,593,111▲37.4% | $177,028,470▲49.7% | $174,073,796▼3.0% | $2,510,763,982▲3.5% | 990 |
| 2022 | $136,553,125▲19.2% | $118,258,471▲32.0% | $179,430,786▲9.0% | $2,425,361,703▲36.4% | 990 |
| 2021 | $114,589,686▲20.4% | $89,565,020▲0.7% | $164,590,312▲17.4% | $1,777,913,030▲13.9% | 990 |
| 2020 | $95,135,048▲2.4% | $88,973,613▲2.4% | $140,176,987▲4.9% | $1,561,469,716▲12.1% | 990 |
| 2019 | $92,923,025▲4.1% | $86,852,172▲2.1% | $133,640,306▲5.5% | $1,393,394,999▼1.9% | 990 |
| 2018 | $89,242,790▲1.9% | $85,057,387▲7.9% | $126,686,309▲3.3% | $1,420,679,359▲0.3% | 990 |
| 2017 | $87,606,837▲20.7% | $78,793,821▲20.0% | $122,664,103▲7.7% | $1,415,957,349▲5.0% | 990 |
| 2016 | $72,556,930▲8.2% | $65,661,887▲22.9% | $113,884,663▲6.9% | $1,348,535,752▲5.0% | 990 |
| 2015 | $67,032,539▲18.1% | $53,438,006▲15.7% | $106,509,959▲16.2% | $1,284,873,610▲13.1% | 990 |
| 2014 | $56,756,446▲6.8% | $46,194,277▲4.3% | $91,663,846▲18.4% | $1,135,933,428▲4.5% | 990 |
| 2013 | $53,141,070 | $44,270,676▼6.2% | $77,409,794▲3.9% | $1,087,504,157▲5.1% | 990 |
| 2012 | — | $47,203,362▼20.3% | $74,478,455▲20.2% | $1,035,166,499▲2.9% | 990 |
| 2011 | — | $59,224,225▼13.1% | $61,947,333▲4.2% | $1,006,478,478▲1.0% | 990 |
| 2010 | — | $68,166,573 | $59,460,053 | $996,420,286 | 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: Vance E Pointer — $2,052,924 (0.98% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Vance E Pointer | President and Ceo | 40 | $2,052,924 |
| Courtney L Coss | Chief Retail Officer | 40 | $577,146 |
| Kerry J Whitson | Chief Financial Officer | 40 | $545,549 |
| Angela M Faust | Svp Chief Operations Officer | 40 | $484,722 |
| Michael Vining | Chief Information Officer | 40 | $482,861 |
| Edwin F Army | Chief Marketing/engagement | 40 | $423,271 |
| James W Post | Chief Facilities Officer | 40 | $419,839 |
| Adrian Melendez | Chief Technology Officer | 40 | $366,511 |
| James T Pace | Vice President - Collections | 40 | $353,090 |
| Rocky A Muniz-gonzalez | Chief Investment Officer | 40 | $335,785 |
| Barry R Smith | President Eastern Texas | 40 | $302,488 |
| Christopher D Murphy | Chief Risk Officer | 40 | $291,725 |
| Kristie H Simo | Chief Lending Officer | 40 | $283,725 |
| Matthew E Stewart | Mortgage Sales Team Lead | 40 | $248,602 |
| Richard B Whitman | President - Tml | 40 | $247,995 |
| Bill Beauchene | Manager Salesforce | 40 | $230,433 |
| Janie Worst | Bod Member | 1 | $59,536 |
| Troy A Mathieu | Chairperson | 1 | $59,019 |
| Adrian Williams | Bod Treasurer | 1 | $57,908 |
| Marelou M Cisneros | Bod Member | 1 | $56,376 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ashley Cavazos (cozy Coffee Wagon LLC) | Food Service | $854,227 |
| Mnet LLC | Phone Service | $824,299 |
| Gateway Partners LLC | Lease Property-rent | $761,580 |
| Pillar Commercial | Property Mgt | $626,505 |
| Payactiv Inc | Payroll Ee Draw Mgt | $348,790 |
Grants made · $124K in FY2024
4 grants totaling $124K in FY2024. All grants made by Credit Union of Texas →
| Recipient | Purpose | Amount |
|---|---|---|
| Streetside Showers Inc | Contribution to offer hope and help restore human dignity to the homeless community in the form of a hot shower and personal hygiene care | $67,500 |
| Best Buddies International Inc | Support to serve individuals with idd and their families. the idd community includes, but is not limited to, people with down syndrome, autism, fragile x, williams syndrome, and other undiagnosed disabilities. | $36,015 |
| City of Allen | Charitable contribution to support the citiy's growth and development | $15,000 |
| Dfw Humane Society of Irving Inc | Contribution to support the rescue of over 900 pets and provide daily care, food, and enrichment until we find their perfect human match | $5,124 |
Frequently asked questions
- Is Credit Union of Texas a legitimate nonprofit?
- Yes. Credit Union of Texas is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 75-0225045, based in Allen, Texas.
- What is Credit Union of Texas's EIN?
- Credit Union of Texas's Employer Identification Number (EIN) is 75-0225045.
- How much revenue does Credit Union of Texas report?
- Credit Union of Texas reported $218,115,019 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Credit Union of Texas's spending goes to programs?
- Credit Union of Texas spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Credit Union of Texas have?
- CharityIndex grades Credit Union of Texas B+, based on program efficiency and fundraising cost.
- How much does Credit Union of Texas's highest-paid employee make?
- The highest reported compensation on Credit Union of Texas's latest Form 990 is $2,052,924, paid to Vance E Pointer (President and Ceo).
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Data for Credit Union of Texas (EIN 75-0225045) 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.