Fivepoint Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Fivepoint Credit Union is a 501(c)(14) organization based in Nederland, Texas, registered in 1976, with $68,944,661 in FY2024 revenue. CharityIndex grades it A.
Po Box 1366, Nederland, TX, 77627 EIN 74-1109889 Since 1976
Revenue (FY2024)
$68.9M
▲ 17.2% vs prior year
Expenses (FY2024)
$66.1M
Net assets
$80.2M
Employees
249
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Fivepoint Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 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 Fivepoint Credit Union: 15 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 Fivepoint 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 Fivepoint Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide financial services to our membership with various loan and deposit products.
What they do
Atm services provided to the membership represented approximately $2,102,000 of total expenses incurred during the year ended december 31, 2024.
Home banking provided to the membership represented a cost of approximately $ 1,633,000 incurred during the year ended december 31, 2024.
Contact & location
Financial trends
Revenue grew from $33.8M (FY2014) to $68.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $907.0MNet assets $80.2M
Operating margin
4.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$987.2M
Total liabilities
$907.0M
Net assets
$80.2M
Salaries & benefits
$22.2M
34% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $68,944,661▲17.2% | $66,115,636▲17.0% | $80,165,704▲5.4% | $987,167,081▲4.9% | 990 |
| 2023 | $58,838,375▲19.0% | $56,531,671▲27.1% | $76,037,424▲2.5% | $940,698,707▲7.5% | 990 |
| 2022 | $49,433,751▲7.7% | $44,488,509▲11.0% | $74,153,240▼9.9% | $874,862,124▲5.0% | 990 |
| 2021 | $45,891,302▲6.4% | $40,066,004▼2.1% | $82,315,274▲4.8% | $833,470,409▲7.9% | 990 |
| 2020 | $43,125,842▼1.2% | $40,913,732▲1.9% | $78,563,075▲4.7% | $772,281,463▲14.9% | 990 |
| 2019 | $43,663,158▲4.6% | $40,133,358▲5.6% | $75,040,718▲7.0% | $672,374,560▲11.9% | 990 |
| 2018 | $41,733,318▲8.3% | $37,994,725▲2.8% | $70,147,189▲4.9% | $600,855,416▼5.9% | 990 |
| 2017 | $38,551,666▼1.8% | $36,967,526▲7.0% | $66,852,005▲3.1% | $638,392,794▲17.3% | 990 |
| 2016 | $39,274,110▲8.7% | $34,536,631▲9.1% | $64,861,714▲8.7% | $544,211,928▲7.3% | 990 |
| 2015 | $36,130,754▲6.9% | $31,662,713▲9.1% | $59,686,916▲6.6% | $507,188,863▲6.7% | 990 |
| 2014 | $33,804,866 | $29,033,889 | $55,986,897 | $475,487,418 | 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: Erik Shaw — $508,339 (0.77% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Erik Shaw | President/ceo | 40 | $508,339 |
| Kenneth Miller | Executive Vice President | 40 | $362,399 |
| Jennifer Webb | Executive Vice President | 40 | $320,914 |
| Kristen Bellanger | Executive Vice President | 40 | $313,606 |
| Amanda White | Svp of Human Resources | 40 | $292,054 |
| Matthew Borel | Financial Advisor | 40 | $274,865 |
| Chasidy Bohanan | Senior Vp Operations | 40 | $227,721 |
| Christie J Lummus | Senior Vp Lending | 40 | $225,628 |
| Marla Rucker | Vp It | 40 | $191,248 |
| Helen Puckett | Vp Accounting | 40 | $182,792 |
| Carrie Strong | Vp of Human Resources | 40 | $180,498 |
| Karen Blum | Vp Marketing | 40 | $156,599 |
| Ethan Worthy | Vp Business Lending | 40 | $155,694 |
| Aimee Slott | Vp Business Lending | 40 | $153,472 |
| Toni Brown | Avp Lending | 40 | $138,815 |
| Staci Croak | Avp Branch Operations | 40 | $134,427 |
| Jared Byrd | Business Analytics | 40 | $133,139 |
| Jeremy Martinka | Avp It | 40 | $133,044 |
| Tammy Estrello | Branch Manager | 40 | $122,760 |
| Denny Winter | Board Member | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pscu Incorporated | Debit/credit Card Processor | $2,010,762 |
| Tfd Consulting | Professional Services/consulting | $1,640,870 |
| Adrenaline | General Contractor - Construction | $1,619,210 |
| The Lee Group | Marketing Firm | $1,536,101 |
| Ncr | Atm/itm Servicing | $1,352,379 |
Grants made · $50K in FY2024
1 grant totaling $50K in FY2024. All grants made by Fivepoint Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society | To support cancer research, early detection programs, and patient support services | $50,000 |
Frequently asked questions
- Is Fivepoint Credit Union a legitimate nonprofit?
- Yes. Fivepoint Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 74-1109889, based in Nederland, Texas.
- What is Fivepoint Credit Union's EIN?
- Fivepoint Credit Union's Employer Identification Number (EIN) is 74-1109889.
- How much revenue does Fivepoint Credit Union report?
- Fivepoint Credit Union reported $68,944,661 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Fivepoint Credit Union have?
- CharityIndex grades Fivepoint Credit Union A, based on financial health (reserves and operating margin).
- How much does Fivepoint Credit Union's highest-paid employee make?
- The highest reported compensation on Fivepoint Credit Union's latest Form 990 is $508,339, paid to Erik Shaw (President/ceo).
More nonprofits in Nederland
Explore more
Data for Fivepoint Credit Union (EIN 74-1109889) 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.