Eecu
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Eecu is a 501(c)(14) organization based in Fort Worth, Texas, registered in 1976, with $276,922,397 in FY2025 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
1617 West Seventh Street, Fort Worth, TX, 76102 EIN 75-0275915 Since 1976
Revenue (FY2025)
$276.9M
▲ 12.6% vs prior year
Expenses (FY2025)
$213.7M
Net assets
$4.5B
Employees
419
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 Eecu: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating255 mo reserves · +23% 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 Eecu: 255 mo reserves · +23% margin earns a B+ 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 Eecu: 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 Eecu: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To deliver banking experiences that enrich the lives and strengthen the financial well-being of our members and to thoughtfully contribute to the success of our industry and the communities we serve.
What they do
Voluntary cooperative, non-profit credit union incorporated under the provisions of the laws and rules of the texas credit union department to encourage thrift among its members, providing credit at fair and reasonable rates of interest and providing an opportunity to improve our members' economic condition.
Contact & location
- Address
- 1617 West Seventh Street, Fort Worth, TX, 76102
- City
- Fort Worth
- State
- Texas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $74.5M (FY2013) to $276.9M (FY2025) across 13 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $47.1MNet assets $4.5B
Operating margin
22.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.6B
Total liabilities
$47.1M
Net assets
$4.5B
Salaries & benefits
$46.4M
22% of expenses
Board members
9
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $276,922,397▲12.6% | $213,724,468▲10.9% | $4,539,476,448▲11.3% | $4,586,598,539▲11.5% | 990 |
| 2024 | $245,984,426▲23.9% | $192,743,334▲26.6% | $4,077,435,889▲10.3% | $4,113,496,114▲10.0% | 990 |
| 2023 | $198,598,316▲30.4% | $152,204,276▲46.3% | $3,696,227,604▲8.6% | $3,739,474,922▲8.5% | 990 |
| 2022 | $152,279,110▲14.8% | $104,058,200▲8.2% | $3,404,567,255▲2.8% | $3,447,892,476▲3.0% | 990 |
| 2021 | $132,703,955▲0.7% | $96,158,840▼6.6% | $3,311,021,925▲15.7% | $3,346,818,050▲15.5% | 990 |
| 2020 | $131,829,814▲1.8% | $102,930,923▲5.5% | $2,860,655,244▲15.8% | $2,898,163,079▲15.7% | 990 |
| 2019 | $129,453,632▲16.4% | $97,562,231▲13.6% | $2,471,019,186▲10.5% | $2,504,825,406▲10.7% | 990 |
| 2018 | $111,261,863▲12.7% | $85,902,693▲13.7% | $2,235,260,610▲8.5% | $2,263,160,446▲8.1% | 990 |
| 2017 | $98,686,273▲12.1% | $75,545,575▲6.1% | $2,059,549,533▲6.6% | $2,093,046,990▲5.7% | 990 |
| 2016 | $88,050,983▲2.7% | $71,178,430▲12.2% | $1,932,675,670▲8.7% | $1,979,754,682▲8.8% | 990 |
| 2015 | $85,727,534▲6.1% | $63,459,224▲7.3% | $1,777,202,783▲8.6% | $1,819,385,167▲8.7% | 990 |
| 2014 | $80,819,193▲8.5% | $59,144,841▲1.5% | $1,637,217,093▲7.3% | $1,674,403,083▲6.6% | 990 |
| 2013 | $74,484,304 | $58,294,634▲6.4% | $1,525,990,014▲6.8% | $1,570,451,738▲7.0% | 990 |
| 2012 | — | $54,799,957▲2.7% | $1,428,704,648▲9.1% | $1,468,179,666▲8.7% | 990 |
| 2011 | — | $53,343,389▼0.2% | $1,309,866,170▲12.9% | $1,350,551,119▲12.8% | 990 |
| 2010 | — | $53,450,654 | $1,159,868,013 | $1,197,399,861 | 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 (FY2025)
Highest-paid: Lonnie Nicholson — $2,494,947 (1.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lonnie Nicholson | Ceo | — | $2,494,947 |
| Matt Kaudy | Evp / Cgo | — | $800,534 |
| Bradley Schone | Evp / Cfo | — | $684,146 |
| David Shurtz | Cro | — | $611,656 |
| Robin Harris | Cxo | — | $605,350 |
| Tim Burch | Cio | — | $597,153 |
| Paula Holcomb | Cpo | — | $540,541 |
| Keith Spivey | Vp Payment Systems | — | $395,582 |
| Tim Grove | Avp It Business Planning & Management | — | $337,664 |
| Chris Brown | Clo | — | $327,695 |
| Bryan Liles | Vp Commercial | — | $310,243 |
| Chandramouli Gajapathy | Vp It Development & Implementations | — | $269,470 |
| Scott Hounchell | President - Tblg | — | $230,509 |
| Doug King | Director Emerging Payments | — | $223,781 |
| Nora Gonzales | Vp Retail Operations | — | $218,730 |
| Caleb Welty | Avp Marketing & Business Devlopment | — | $192,315 |
| Jamie Timmins | Vp Finance | — | $185,064 |
| Tyler Wall | Avp Contact Center & Digital | — | $180,058 |
| Frank Molinar | Chairman of the Board | 1 | $21,373 |
| Randall Armstrong | Director | 1 | $21,250 |
Frequently asked questions
- Is Eecu a legitimate nonprofit?
- Yes. Eecu is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 75-0275915, based in Fort Worth, Texas.
- What is Eecu's EIN?
- Eecu's Employer Identification Number (EIN) is 75-0275915.
- How much revenue does Eecu report?
- Eecu reported $276,922,397 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- How much of Eecu's spending goes to programs?
- Eecu spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Eecu have?
- CharityIndex grades Eecu A, based on program efficiency and fundraising cost.
- How much does Eecu's highest-paid employee make?
- The highest reported compensation on Eecu's latest Form 990 is $2,494,947, paid to Lonnie Nicholson (Ceo).
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Data for Eecu (EIN 75-0275915) 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.