Fort Worth Community Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Fort Worth Community Credit Union is a 501(c)(14) organization based in Bedford, Texas, registered in 1976, with $61,144,057 in FY2023 revenue. CharityIndex grades it B+.
1905 Forest Ridge Dr, Bedford, TX, 76021 EIN 75-0796472 Since 1976
Revenue (FY2023)
$61.1M
▲ 19.5% vs prior year
Expenses (FY2023)
$54.5M
Net assets
$115.2M
Employees
215
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—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 Fort Worth Community 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 rating25 mo reserves · +11% 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 Fort Worth Community Credit Union: 25 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 Fort Worth Community Credit Union: 3 of 6 checks met earns a C+ 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 Fort Worth Community Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Thrift savings and borrowing for members. the credit union is regulated by the state of texas. the credit union department as well as the national credit union administration. the credit union offers products and services in four primary areas: share accounts, checking accounts, consumer loans and real estate loans.
What they do
Checking accounts - our checking accounts provide various features for consumers, from free accounts to those with enhanced benefits. most offer dividends that are paid monthly. additionally, the credit union extends the reach of those accounts to all members with free debit cards, internet account access and free use of the internet bill payer platform.
Consumer loans - our consumer loans provide all types of loans. the following types of loans are available: vehicles, recreational vehicles, mortgages, signature, home equity, credit cards, secured loans, etc. the credit union provides home equity loans along with mortgage loans.
Contact & location
Financial trends
Revenue grew from $33.2M (FY2013) to $61.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.1BNet assets $115.2M
Operating margin
10.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$1.1B
Net assets
$115.2M
Salaries & benefits
$16.8M
31% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,144,057▲19.5% | $54,450,409▲41.8% | $115,215,523▲6.2% | $1,206,269,215▼1.5% | 990 |
| 2022 | $51,151,395▲18.6% | $38,387,187▲4.5% | $108,521,875▲13.3% | $1,225,093,160▲1.1% | 990 |
| 2021 | $43,127,818▼2.2% | $36,734,867▼13.7% | $95,757,667▲7.2% | $1,211,753,992▲9.1% | 990 |
| 2020 | $44,096,510▼6.7% | $42,590,213▼2.3% | $89,364,716▲1.7% | $1,110,312,717▲10.9% | 990 |
| 2019 | $47,287,563▲13.4% | $43,592,939▲14.8% | $87,858,419▲4.4% | $1,001,618,613▲7.0% | 990 |
| 2018 | $41,696,397▲13.0% | $37,975,676▲7.8% | $84,163,795▲4.6% | $936,300,964▲3.8% | 990 |
| 2017 | $36,890,046▲8.3% | $35,220,824▲9.0% | $80,443,074▲2.1% | $902,210,688▲4.8% | 990 |
| 2016 | $34,069,527▲6.6% | $32,320,819▲4.2% | $78,773,852▲2.3% | $861,191,840▲2.7% | 990 |
| 2015 | $31,964,886▼4.0% | $31,006,791▼4.0% | $77,025,144▲1.3% | $838,352,253▲2.8% | 990 |
| 2014 | $33,300,588▲0.3% | $32,290,404▲5.3% | $76,067,049▲1.3% | $815,800,970▼0.4% | 990 |
| 2013 | $33,201,238 | $30,670,505▼0.4% | $75,056,865▲3.5% | $819,387,901▲3.8% | 990 |
| 2012 | — | $30,784,879▼2.7% | $72,526,132▲4.5% | $789,436,536▲4.2% | 990 |
| 2011 | — | $31,626,196▼4.7% | $69,382,256▲4.4% | $757,501,021▲6.0% | 990 |
| 2010 | — | $33,176,246 | $66,434,972 | $714,850,708 | 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: Diane Dorsey — $459,583 (0.84% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Diane Dorsey | President/ceo | 40 | $459,583 |
| Michael Franko | Svp Finance | 40 | $335,971 |
| Kyle Koke | Svp Lending | 40 | $313,712 |
| Kostas Leucker | Investment Consultant | 40 | $280,673 |
| Tammy Trudelle | Vp Human Resources | 40 | $276,042 |
| Valerie Grosskurth | Vp Payment Systems & Risk Management | 40 | $190,964 |
| Neil Spencer | Vp Support Services | 40 | $169,455 |
| Karen Martinez | Vp Operations | 40 | $166,578 |
| Ginda Abraham | Avp Accounting | 40 | $163,392 |
| Brandy Scarlett | Vp Marketing | 40 | $136,683 |
| Terri Boop | Avp Branch Operations | 40 | $134,459 |
| Lisa Pippin | Avp Lending | 40 | $126,423 |
| Shelia Hailey | Avp Real Estate | 40 | $124,333 |
| Merrill Currier | Vp Information Services | 40 | $114,065 |
| Matt Meyers | Vp of Info Svcs (until Apr 2023) | 40 | $76,167 |
| Charles Redding | Board Member-vice Chair | 2 | $2,602 |
| Leighton Waters | Board Member | 2 | $2,522 |
| Joseph Lozano | Board Member | 2 | $1,893 |
| Michael Clardy | Board Member-secretary-treasurer | 2 | $1,500 |
| Janice Graczyk | Board Member | 2 | $1,375 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ncr Corporation | Website | $1,123,284 |
| Pscu | Software Services | $928,001 |
| Fiserv | Software Services | $823,639 |
| Lanvera Ltd | Mailing Service | $446,382 |
| Mbm Roofing | Construction | $361,494 |
Frequently asked questions
- Is Fort Worth Community Credit Union a legitimate nonprofit?
- Yes. Fort Worth Community Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 75-0796472, based in Bedford, Texas.
- What is Fort Worth Community Credit Union's EIN?
- Fort Worth Community Credit Union's Employer Identification Number (EIN) is 75-0796472.
- How much revenue does Fort Worth Community Credit Union report?
- Fort Worth Community Credit Union reported $61,144,057 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Fort Worth Community Credit Union have?
- CharityIndex grades Fort Worth Community Credit Union B+, based on financial health (reserves and operating margin).
- How much does Fort Worth Community Credit Union's highest-paid employee make?
- The highest reported compensation on Fort Worth Community Credit Union's latest Form 990 is $459,583, paid to Diane Dorsey (President/ceo).
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Data for Fort Worth Community Credit Union (EIN 75-0796472) 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.