Texas Trust Credit Union
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Texas Trust Credit Union is a 501(c)(14) organization based in Arlington, Texas, registered in 1976, with $119,467,105 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
5850 W Interstate 20, Arlington, TX, 76017 EIN 75-0763606 Since 1976
Revenue (FY2024)
$119.5M
▲ 20.4% vs prior year
Expenses (FY2024)
$113.0M
Net assets
$177.0M
Employees
401
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Texas Trust Credit Union: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 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 Texas Trust Credit Union: 19 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 Texas Trust 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 Trust Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Providing members a lifetime of financial services and maintaining a financially strong cooperative.
Contact & location
Financial trends
Revenue grew from $35.3M (FY2013) to $119.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.8BNet assets $177.0M
Operating margin
5.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$1.8B
Net assets
$177.0M
Salaries & benefits
$27.6M
24% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $119,467,105▲20.4% | $112,971,293▲22.8% | $177,009,524▲8.8% | $1,988,763,916▼1.7% | 990 |
| 2023 | $99,239,233▲18.9% | $91,980,162▲34.5% | $162,698,950▲5.8% | $2,023,353,997▼1.3% | 990 |
| 2022 | $83,493,624▲7.5% | $68,363,171▲21.5% | $153,734,807▼13.2% | $2,049,067,995▲14.0% | 990 |
| 2021 | $77,667,084▲3.6% | $56,265,896▼6.7% | $177,047,458▲11.8% | $1,797,827,251▲15.1% | 990 |
| 2020 | $74,969,001▲4.8% | $60,335,566▼5.1% | $158,418,247▲16.7% | $1,562,100,010▲16.2% | 990 |
| 2019 | $71,525,575▲13.9% | $63,599,152▲13.9% | $135,717,959▲10.3% | $1,344,628,631▲8.3% | 990 |
| 2018 | $62,783,256▲17.8% | $55,819,095▲23.4% | $123,040,954▲2.7% | $1,241,091,270▲2.0% | 990 |
| 2017 | $53,289,277▲18.6% | $45,237,285▲13.6% | $119,756,622▲20.7% | $1,217,032,843▲19.3% | 990 |
| 2016 | $44,947,328▲6.9% | $39,806,997▲8.5% | $99,188,634▲5.9% | $1,020,247,577▲11.9% | 990 |
| 2015 | $42,044,337▲4.0% | $36,697,786▼3.9% | $93,704,087▲1.1% | $911,553,178▲3.5% | 990 |
| 2014 | $40,419,616▲14.6% | $38,202,623▲21.2% | $92,704,213▲2.3% | $880,979,661▲6.6% | 990 |
| 2013 | $35,261,017 | $31,531,595▲4.7% | $90,609,321▲4.6% | $826,370,450▲10.5% | 990 |
| 2012 | — | $30,119,297▼21.4% | $86,603,065▲2.6% | $747,882,427▲3.6% | 990 |
| 2011 | — | $38,308,279▼1.4% | $84,410,456▼1.2% | $721,648,931▲4.1% | 990 |
| 2010 | — | $38,864,596 | $85,424,008 | $693,510,847 | 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: James Minge — $731,366 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James Minge | Ceo | 45 | $731,366 |
| William Kelsey | President | 45 | $454,576 |
| Peggy Esparza | Cfo | 45 | $297,466 |
| Ronnie Smith Jr | Cgo | 45 | $290,943 |
| Whitney Mcleod | Svp Lending | 45 | $257,890 |
| Leann Santiago | Svp Digital Experience | 45 | $236,644 |
| Fred Trusty | Svp Marketing & Data Analytics | 45 | $226,894 |
| Robert A Underwood | Svp It Operations | 45 | $183,039 |
| Alan Barbee | Svp Planning & Facilities | 45 | $174,990 |
| Bob Mclellan | Secretary & Membership Officer | 1 | — |
| Charlie Nutt | Vice Chairperson | 1 | — |
| Jerry Olive | Advisory Board | 1 | — |
| Joe Johnson | Director | 1 | — |
| Karen Sauls | Treasurer | 1 | — |
| Kaye Gilbert | Advisory Board | 1 | — |
| Larry Skinner | Chairperson | 1 | — |
| Lillie Wilson | Advisory Board | 1 | — |
| Lonnie Morgan | Director & Security Office | 1 | — |
| Pamela Stephens | Director | 1 | — |
| Philip Martinez | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| L Keeley Construction | Construction | $2,310,518 |
| Expert Services | Hvac | $1,810,284 |
| Cdw Direct | It Hardware and Software | $1,225,626 |
| Jack Henry & Associates Inc | Core and Other Critical Systems | $1,158,102 |
| Lanvera | Statement Outsourcing | $695,524 |
Grants made · $300K in FY2024
1 grant totaling $300K in FY2024. All grants made by Texas Trust Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Trust Gives | To corporate social responsibility and financial wellbeing of the community. | $299,637 |
Frequently asked questions
- Is Texas Trust Credit Union a legitimate nonprofit?
- Yes. Texas Trust Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 75-0763606, based in Arlington, Texas.
- What is Texas Trust Credit Union's EIN?
- Texas Trust Credit Union's Employer Identification Number (EIN) is 75-0763606.
- How much revenue does Texas Trust Credit Union report?
- Texas Trust Credit Union reported $119,467,105 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Texas Trust Credit Union's spending goes to programs?
- Texas Trust Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Texas Trust Credit Union have?
- CharityIndex grades Texas Trust Credit Union A+, based on program efficiency and fundraising cost.
- How much does Texas Trust Credit Union's highest-paid employee make?
- The highest reported compensation on Texas Trust Credit Union's latest Form 990 is $731,366, paid to James Minge (Ceo).
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Data for Texas Trust Credit Union (EIN 75-0763606) 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.