Neighborhood Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Neighborhood Credit Union is a 501(c)(14) organization based in Dallas, Texas, registered in 1976, with $68,073,576 in FY2023 revenue. CharityIndex grades it A.
13649 Montfort Dr, Dallas, TX, 75240 EIN 75-0224670 Since 1976
Revenue (FY2023)
$68.1M
▲ 18.9% vs prior year
Expenses (FY2023)
$64.7M
Net assets
$92.2M
Employees
227
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 Neighborhood 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 rating17 mo reserves · +5% 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 Neighborhood Credit Union: 17 mo reserves · +5% 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 Neighborhood 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 Neighborhood Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A cooperative, organized for the purpose of promoting thrift and savings among its members.
What they do
Neighborhood credit union provides a variety of savings accounts including savings, checking, money market, iras, certificates and investments at competitive rates for our membership, thereby, assisting them in managing their financial health and growth in the future.
Neighborhood credit union provides investment opportunities and planning to our membership, thereby, assisting them in managing their financial health and growth in the future.
Contact & location
Financial trends
Revenue grew from $24.5M (FY2013) to $68.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $987.8MNet assets $92.2M
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$987.8M
Net assets
$92.2M
Salaries & benefits
$18.1M
28% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $68,073,576▲18.9% | $64,656,846▲37.3% | $92,228,116▼0.2% | $1,080,041,520▼1.0% | 990 |
| 2022 | $57,236,238▲9.0% | $47,091,499▲10.8% | $92,396,406▼7.9% | $1,091,093,694▲2.3% | 990 |
| 2021 | $52,511,237▲2.7% | $42,491,331▼4.9% | $100,277,851▲7.7% | $1,066,752,639▲13.1% | 990 |
| 2020 | $51,110,314▼1.0% | $44,690,654▲0.7% | $93,071,410▲9.3% | $943,015,270▲16.4% | 990 |
| 2019 | $51,652,385▲12.1% | $44,383,371▲13.2% | $85,149,074▲11.0% | $810,062,773▲13.3% | 990 |
| 2018 | $46,069,810▲10.6% | $39,190,919▲10.8% | $76,719,535▲9.6% | $715,246,878▲11.9% | 990 |
| 2017 | $41,666,666▲8.9% | $35,359,393▲8.7% | $70,022,546▲9.8% | $639,379,629▲7.2% | 990 |
| 2016 | $38,244,102▲31.1% | $32,537,212▲35.0% | $63,795,461▲68.6% | $596,163,544▲51.8% | 990 |
| 2015 | $29,167,073▲14.4% | $24,107,683▲8.1% | $37,837,318▲12.9% | $392,764,413▲13.1% | 990 |
| 2014 | $25,495,242▲3.9% | $22,301,198▲1.0% | $33,509,112▲12.8% | $347,381,851▲4.5% | 990 |
| 2013 | $24,544,946 | $22,089,836▼3.4% | $29,708,305▲4.4% | $332,399,764▲5.9% | 990 |
| 2012 | — | $22,872,771▲2.6% | $28,459,366▲7.6% | $313,776,030▲4.0% | 990 |
| 2011 | — | $22,287,902▲5.0% | $26,459,507▲10.2% | $301,619,150▲11.1% | 990 |
| 2010 | — | $21,217,230 | $23,999,667 | $271,562,945 | 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: Chester Kimmell — $631,901 (0.98% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chester Kimmell | President/ceo | 40 | $631,901 |
| James Frankeberger | Cfo | 40 | $346,357 |
| Francis Santana | Svp, Retail & Business Development | 40 | $295,702 |
| Carolyn Jordan | Cgo | 40 | $268,141 |
| Ronald Newlin | President, Ntxca | 40 | $250,654 |
| Kenny Cooper | Svp, Lending & Collections | 40 | $217,528 |
| Yvonne Schmitz | Svp, Information Technology | 40 | $187,824 |
| Dwayne Boozer | Chairperson | 3 | $939 |
| Arthur Young | Board Member | 3 | — |
| Clarissa Salas | Secretary/treasurer | 3 | — |
| Janis Frum | Board Member | 3 | — |
| John Logan | Vice Chairperson | 3 | — |
| Randy Till | Board Member | 3 | — |
| Ronald Taylor | Board Member | 3 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Level 5 LLC | Financial Services | $2,812,153 |
| Pscu | Financial Services | $2,163,395 |
| Ncr | Home Banking | $1,562,370 |
| Jack Henry and Associates | Core Software Systems | $981,630 |
| Visa | Financial Services | $931,987 |
Grants made · $51K in FY2023
2 grants totaling $51K in FY2023. All grants made by Neighborhood Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Neighborhood Cu Foundation | To improve the lives of those in texas through promoting financial wellness, providing access to financial education and raising the overall level of financial literacy. | $25,970 |
| Childrens Medical Center Foundation | To assist the health system of texas in the mission of making life better for children. | $25,000 |
Frequently asked questions
- Is Neighborhood Credit Union a legitimate nonprofit?
- Yes. Neighborhood Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 75-0224670, based in Dallas, Texas.
- What is Neighborhood Credit Union's EIN?
- Neighborhood Credit Union's Employer Identification Number (EIN) is 75-0224670.
- How much revenue does Neighborhood Credit Union report?
- Neighborhood Credit Union reported $68,073,576 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Neighborhood Credit Union have?
- CharityIndex grades Neighborhood Credit Union A, based on financial health (reserves and operating margin).
- How much does Neighborhood Credit Union's highest-paid employee make?
- The highest reported compensation on Neighborhood Credit Union's latest Form 990 is $631,901, paid to Chester Kimmell (President/ceo).
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Explore more
Data for Neighborhood Credit Union (EIN 75-0224670) 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.