Texas Dow Employees Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Texas Dow Employees Credit Union is a 501(c)(14) organization based in Houston, Texas, registered in 1976, with $357,942,346 in FY2024 revenue. CharityIndex grades it A.
2000 Post Oak Blvd Ste 2100, Houston, TX, 77056 EIN 74-1260543 Since 1976
Revenue (FY2024)
$357.9M
▲ 2.6% vs prior year
Expenses (FY2024)
$351.3M
Net assets
$472.7M
Employees
1,070
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 Texas Dow Employees 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 rating16 mo reserves · +2% 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 Texas Dow Employees Credit Union: 16 mo reserves · +2% 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 Texas Dow Employees 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 Texas Dow Employees Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Increase economic well-being of our members through not-for-profit, cooperative financial services.
What they do
Tdecu's mission is to help people navigate their financial journeys. tdecu is driven by a mission of people helping people. credit unions were created so members could invest their savings together, lend to one another, and own a part in the organization - a true definition of people helping people.
Tdecu supports initiatives that help local communities thrive through a focus on educational, health, and economic development all of which form the tdecu community engagement platform.
Contact & location
Financial trends
Revenue grew from $152.9M (FY2013) to $357.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.3BNet assets $472.7M
Operating margin
1.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.8B
Total liabilities
$4.3B
Net assets
$472.7M
Salaries & benefits
$98.1M
28% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $357,942,346▲2.6% | $351,313,029▲11.2% | $472,686,091▲1.6% | $4,768,473,410▲1.7% | 990 |
| 2023 | $348,738,510▲14.1% | $315,843,296▲16.2% | $465,413,858▲6.0% | $4,690,360,790▼0.2% | 990 |
| 2022 | $305,738,994▲5.7% | $271,712,823▲18.0% | $439,034,116▲8.1% | $4,701,048,632▲3.5% | 990 |
| 2021 | $289,213,501▲4.8% | $230,353,112▼6.1% | $406,223,717▲16.9% | $4,542,030,485▲10.8% | 990 |
| 2020 | $275,897,727▲10.7% | $245,395,267▲9.6% | $347,604,022▲9.7% | $4,100,727,242▲13.6% | 990 |
| 2019 | $249,289,906▲13.9% | $223,922,268▲21.9% | $316,822,823▲8.8% | $3,609,955,686▲10.4% | 990 |
| 2018 | $218,948,213▲11.9% | $183,663,255▲5.4% | $291,233,910▲13.5% | $3,269,360,348▲3.1% | 990 |
| 2017 | $195,748,237▲5.2% | $174,326,754▼5.3% | $256,598,481▲9.1% | $3,172,342,811▲6.9% | 990 |
| 2016 | $186,160,377▲6.8% | $184,084,964▲18.6% | $235,175,953▲1.4% | $2,968,593,489▲7.1% | 990 |
| 2015 | $174,306,145▲9.3% | $155,237,012▲9.3% | $232,039,711▲9.8% | $2,772,897,385▲14.1% | 990 |
| 2014 | $159,408,025▲4.2% | $141,998,944▲14.3% | $211,355,971▲9.3% | $2,429,349,528▲12.3% | 990 |
| 2013 | $152,920,878 | $124,270,976▲3.6% | $193,411,193▼89.2% | $2,163,885,036▲9.2% | 990 |
| 2012 | — | $119,907,755▲0.2% | $1,796,868,379▲8.7% | $1,981,022,369▲7.6% | 990 |
| 2011 | — | $119,716,262▼2.8% | $1,653,129,776▲24.4% | $1,841,396,159▲16.0% | 990 |
| 2010 | — | $123,157,504 | $1,329,037,086 | $1,587,621,635 | 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: Isaac Johnson — $1,151,863 (0.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Isaac Johnson | President and Chief Executive Officer | 40 | $1,151,863 |
| Jose Delgado | Chief Banking Officer | 40 | $785,012 |
| Ashish Chopra | Chief Information and Technology Officer | 40 | $536,836 |
| Jason Schneider | Chief Finance Officer | 40 | $531,318 |
| Michael Massey | Holdings President and Svp Tdecu | 1 | $496,659 |
| David Sikora | Bod Member | 5 | $481,000 |
| Qiara Suggs | Chief Human Capital Officer | 40 | $455,928 |
| Aparna Dave | Chief Legal Officer | 40 | $423,637 |
| Sheiludis Moyett | Chief Marketing and Digital Officer | 40 | $406,569 |
| Anthony Warden | Svp - Member Experience | 40 | $387,501 |
| Janet Pruitt | Chief Audit Officer | 40 | $361,413 |
| Joshua Brian | Chief Growth Officer | 40 | $350,978 |
| Seth Payne | Vp - Associate General Counsel - Litigation | 40 | $343,975 |
| Paul Watson | Svp - Commercial Lending | 40 | $342,449 |
| Brandy Phillips | Svp - Operations | 40 | $333,325 |
| Peggy Miltenberger | Bod Member | 2.5 | $143,500 |
| Dick Smith | Bod Member | 2.5 | $120,000 |
| Gregory Montana | Bod Member | 2.5 | $110,542 |
| Roland K Hendricks | Bod Chairperson | 2.5 | $96,237 |
| Lynden B Rose | Bod Member | 2.5 | $90,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Visa | Visa Dps | $9,410,797 |
| Pscu | Call Center, Statement Processing, Incet | $9,028,422 |
| Bucees | Fuel Discounts/cc Interchange/atm Transa | $2,627,301 |
| Lanvera Ltd | Monthly Notices/forms/estatements | $2,541,027 |
| Cardtronics | Atms Provided By Cardtronics With Tdecu | $1,919,289 |
Grants made · $665K in FY2024
1 grant totaling $665K in FY2024. All grants made by Texas Dow Employees Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Tdecu Cares Foundation Inc | Foundation contribution to help people navigate their financial journeys, andcommit to extending the mission to enhance the well-being of our broader community. | $665,000 |
Frequently asked questions
- Is Texas Dow Employees Credit Union a legitimate nonprofit?
- Yes. Texas Dow Employees Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 74-1260543, based in Houston, Texas.
- What is Texas Dow Employees Credit Union's EIN?
- Texas Dow Employees Credit Union's Employer Identification Number (EIN) is 74-1260543.
- How much revenue does Texas Dow Employees Credit Union report?
- Texas Dow Employees Credit Union reported $357,942,346 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Texas Dow Employees Credit Union have?
- CharityIndex grades Texas Dow Employees Credit Union A, based on financial health (reserves and operating margin).
- How much does Texas Dow Employees Credit Union's highest-paid employee make?
- The highest reported compensation on Texas Dow Employees Credit Union's latest Form 990 is $1,151,863, paid to Isaac Johnson (President and Chief Executive Officer).
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Data for Texas Dow Employees Credit Union (EIN 74-1260543) 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.