Texans Credit Union
501(c)(14)
Strong reserves Growing revenue
Texans Credit Union is a 501(c)(14) organization based in Richardson, Texas, registered in 1976, with $123,635,860 in FY2024 revenue.
777 E Campbell Rd, Richardson, TX, 75081 EIN 75-0992590 Since 1976
Revenue (FY2024)
$123.6M
▲ 25.4% vs prior year
Expenses (FY2024)
$102.7M
Net assets
$205.0M
Employees
324
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—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 Texans 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 rating24 mo reserves · +17% 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 Texans Credit Union: 24 mo reserves · +17% 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 Texans Credit Union: 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 Texans Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Texans credit union is a state chartered credit union formed under the state credit union law. the credit union is a member-owned cooperative that provides traditional deposit and loan products, as well as other financial services to the membership. the credit union's focus is to make our member's lives better while serving our communities.
What they do
Shares savings and certificates of deposits: the credit union offers a number of share savings accounts, money market savings, and ira savings accounts. these accounts pay dividends monthly. other types of deposit savings offerings include certificates of deposit, both regular member certificates and ira certificates. the certificates pay interest on a monthly basis.
Checking accounts: the credit union offers two checking account products. one account has simple ways to waive the monthly service charge. the other offers dividends to those members with higher balances. both products have features that include free e-services and access to thousands of atms.
Contact & location
- Address
- 777 E Campbell Rd, Richardson, TX, 75081
- City
- Richardson
- State
- Texas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $61.1M (FY2013) to $123.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.0BNet assets $205.0M
Operating margin
16.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$2.0B
Net assets
$205.0M
Salaries & benefits
$28.9M
28% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $123,635,860▲25.4% | $102,712,885▲37.6% | $205,007,844▲20.0% | $2,243,918,289▲2.2% | 990 |
| 2023 | $98,558,127▲28.8% | $74,644,234▲48.3% | $170,905,474▲33.1% | $2,195,933,253▲1.9% | 990 |
| 2022 | $76,501,082▲36.4% | $50,324,677▲25.3% | $128,393,926▼21.8% | $2,155,551,665▲1.9% | 990 |
| 2021 | $56,103,692▲6.3% | $40,157,461▲8.2% | $164,143,031▲2.5% | $2,114,687,717▲12.4% | 990 |
| 2020 | $52,798,769▼14.3% | $37,129,901▲2.1% | $160,136,604▲16.8% | $1,881,983,731▲17.2% | 990 |
| 2019 | $61,592,504▲2.3% | $36,349,197▲3.9% | $137,068,676▲34.3% | $1,606,022,803▲2.1% | 990 |
| 2018 | $60,195,306▲10.3% | $34,978,264▼0.1% | $102,097,304▲27.3% | $1,572,471,414▼0.3% | 990 |
| 2017 | $54,562,487▲1.8% | $35,005,361▲9.6% | $80,223,309▲31.8% | $1,576,599,979▲2.9% | 990 |
| 2016 | $53,606,474▼7.5% | $31,944,108▲2.0% | $60,885,596▲39.3% | $1,532,014,160▲6.0% | 990 |
| 2015 | $57,945,268▲5.8% | $31,313,258▼5.3% | $43,701,124▼30.8% | $1,445,267,462▲2.1% | 990 |
| 2014 | $54,770,595▼10.3% | $33,082,872▼12.4% | $63,164,537▲33.7% | $1,415,315,755▼0.7% | 990 |
| 2013 | $61,054,978 | $37,781,459▼14.8% | $47,247,991▲16.3% | $1,424,948,101▼1.0% | 990 |
| 2012 | — | $44,339,733▼75.2% | $40,636,145▲202% | $1,439,440,267▲1.1% | 990 |
| 2011 | — | $178,893,081▲31.3% | $13,443,878▼62.5% | $1,423,573,338▼10.4% | 990 |
| 2010 | — | $136,234,962 | $35,847,806 | $1,588,899,179 | 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: David Frazier — $851,896 (0.83% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Frazier | Chief Executive Officer | 40 | $851,896 |
| Michael Mcwethy | Executive Vice President | 40 | $630,014 |
| Benjamin Hart | Chief Financial Officer | 40 | $500,408 |
| Jennifer Short | Chief People Officer | 40 | $282,002 |
| Tanya Patterson | Svp, Strategic Solutions | 40 | $258,769 |
| Jianjun Bai | Vp Dev & Host Systems | 40 | $240,206 |
| Angela Jackson | Vp Real Estate Lending | 40 | $234,048 |
| Daniel Mathews | Vp Consumer Lending | 40 | $232,413 |
| Tracy Montez | Svp Controller | 40 | $232,096 |
| Ed Fawcett | Vice Chairperson | 1 | — |
| Estella Martinez | Secretary | 1 | — |
| Fahad Awais | Advisory Director | 1 | — |
| George Consolver | Chairperson | 1 | — |
| Lori Daniel | Board Member | 1 | — |
| Shyamal Parikh | Advisory Director | 1 | — |
| Thomas Boedecker | Treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fiserv | Network Eft | $1,946,908 |
| Alkami | Internet Home Banking Servicer | $1,922,495 |
| Red Elephant | Remodelling Hq & Branches | $872,104 |
| Level 3 Communications | Ip and Data Services | $771,316 |
| Lanvera | Statement Processing | $759,257 |
Frequently asked questions
- Is Texans Credit Union a legitimate nonprofit?
- Yes. Texans Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 75-0992590, based in Richardson, Texas.
- What is Texans Credit Union's EIN?
- Texans Credit Union's Employer Identification Number (EIN) is 75-0992590.
- How much revenue does Texans Credit Union report?
- Texans Credit Union reported $123,635,860 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Texans Credit Union's highest-paid employee make?
- The highest reported compensation on Texans Credit Union's latest Form 990 is $851,896, paid to David Frazier (Chief Executive Officer).
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Data for Texans Credit Union (EIN 75-0992590) 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.