Datcu
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Datcu is a 501(c)(14) organization based in Corinth, Texas, registered in 1976, with $83,447,213 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
5940 S Interstate 35 E, Corinth, TX, 76210 EIN 75-0813379 Since 1976
Revenue (FY2023)
$83.4M
▲ 18.6% vs prior year
Expenses (FY2023)
$59.0M
Net assets
$241.2M
Employees
266
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+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 Datcu: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating49 mo reserves · +29% 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 Datcu: 49 mo reserves · +29% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Datcu: 5 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 Datcu: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Providing members with a wide array of competitively priced and efficiently delivered services.
What they do
Savings accounts for members of the credit union.
Checking accounts for members of the credit union.
Contact & location
Financial trends
Revenue grew from $33.2M (FY2013) to $83.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.3BNet assets $241.2M
Operating margin
29.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$1.3B
Net assets
$241.2M
Salaries & benefits
$23.2M
39% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $83,447,213▲18.6% | $59,023,256▲40.8% | $241,177,883▲7.4% | $1,569,597,722▼0.4% | 990 |
| 2022 | $70,387,635▲21.1% | $41,914,895▲6.9% | $224,461,169▲14.5% | $1,575,386,776▲7.0% | 990 |
| 2021 | $58,120,235▲2.9% | $39,198,847▼3.9% | $195,988,429▲10.7% | $1,472,218,560▲16.4% | 990 |
| 2020 | $56,487,320▲3.0% | $40,769,297▼1.8% | $177,067,041▲9.7% | $1,264,409,539▲21.1% | 990 |
| 2019 | $54,835,915▲7.9% | $41,499,455▲8.7% | $161,349,018▲9.0% | $1,044,072,484▲4.4% | 990 |
| 2018 | $50,808,847▲15.6% | $38,172,105▲12.7% | $148,012,558▲9.3% | $999,990,289▲5.5% | 990 |
| 2017 | $43,955,062▲9.9% | $33,858,932▲0.9% | $135,375,816▲8.1% | $947,420,277▲6.5% | 990 |
| 2016 | $39,994,031▲4.6% | $33,554,173▲20.2% | $125,279,686▲5.4% | $889,186,487▲7.7% | 990 |
| 2015 | $38,227,094▲10.0% | $27,922,588▲9.0% | $118,839,828▲9.7% | $825,810,744▲9.2% | 990 |
| 2014 | $34,748,033▲4.8% | $25,608,882▲2.8% | $108,373,003▲9.2% | $756,147,291▲9.9% | 990 |
| 2013 | $33,157,022 | $24,923,386▲7.0% | $99,208,603▲8.9% | $687,832,286▲8.2% | 990 |
| 2012 | — | $23,297,711▲4.2% | $91,096,416▲10.5% | $635,494,985▲9.5% | 990 |
| 2011 | — | $22,364,719▼4.7% | $82,455,370▲11.9% | $580,270,637▲7.4% | 990 |
| 2010 | — | $23,464,173 | $73,674,453 | $540,319,256 | 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 (FY2023)
Highest-paid: Glen Mckenzie — $1,503,373 (2.55% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Glen Mckenzie | Ceo | 40 | $1,503,373 |
| Melanie Vest | President | 40 | $964,665 |
| Jon Madsen | Evp, Coo | 40 | $742,296 |
| James Henderson | Evp, Cio | 40 | $651,585 |
| Robert Hall | Svp Technology Strategy & Solutions | 40 | $386,830 |
| Craig Neu | Svp Lending | 40 | $285,197 |
| Sonya Thompson | Svp Is | 40 | $278,103 |
| David Frazier | Svp Operations | 40 | $254,423 |
| Kayla Walding | Vp Hr | 40 | $203,071 |
| Susan Passariello | Vp of Marketing | 40 | $198,402 |
| Deanna Peterson | Vp Operations | 40 | $195,733 |
| Kerry Cristales | Vp Controller | 40 | $168,277 |
| Anthony Yates | Sr. Programmer | 40 | $126,006 |
| Dr Jamie Wilson | Chair | 1 | $1,885 |
| Michael Foster | Director | 1 | $1,839 |
| Gary Goldsmith | Director | 1 | $1,813 |
| Lee Howell | Vice Chair | 1 | $1,697 |
| Valarie Foster | Director | 1 | $1,697 |
| Robert Ramirez | Secretary | 1 | $713 |
| Lori Rapp | Director | 1 | — |
Top vendors & contractors (FY2017)
| Contractor | Services | Paid |
|---|---|---|
| Dale Kimble | Consulting | $250,000 |
Grants made · $730K in FY2023
10 grants totaling $730K in FY2023. All grants made by Datcu →
| Recipient | Purpose | Amount |
|---|---|---|
| University of North Texas | General operations | $500,000 |
| Lewisville Isd | General operations | $125,000 |
| Lewisville Isd Education Foundation | General operations | $25,000 |
| United Way of Denton County | General operations | $15,000 |
| Children's Adovacy Center | General operations | $15,000 |
| North Texas State Fair | General operations | $12,500 |
| Health Services of North Texas | General operations | $10,000 |
| Serve Denton | General operations | $10,000 |
| Communities In School of North Texas | General operations | $10,000 |
| Casa of Denton County | General operations | $7,500 |
Frequently asked questions
- Is Datcu a legitimate nonprofit?
- Yes. Datcu is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 75-0813379, based in Corinth, Texas.
- What is Datcu's EIN?
- Datcu's Employer Identification Number (EIN) is 75-0813379.
- How much revenue does Datcu report?
- Datcu reported $83,447,213 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Datcu's spending goes to programs?
- Datcu spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Datcu have?
- CharityIndex grades Datcu A, based on program efficiency and fundraising cost.
- How much does Datcu's highest-paid employee make?
- The highest reported compensation on Datcu's latest Form 990 is $1,503,373, paid to Glen Mckenzie (Ceo).
More nonprofits in Corinth
Explore more
Data for Datcu (EIN 75-0813379) 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.