United Heritage Credit Union
501(c)(14)
100% goes to programs Strong reserves Growing revenue
United Heritage Credit Union is a 501(c)(14) organization based in Austin, Texas, registered in 1960, with $88,248,137 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
12515 Research Blvd Bldg 5, Austin, TX, 78759 EIN 74-1288659 Since 1960
Revenue (FY2024)
$88.2M
▲ 10.7% vs prior year
Expenses (FY2024)
$81.3M
Net assets
$140.4M
Employees
283
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+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 United Heritage Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +8% 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 United Heritage Credit Union: 21 mo reserves · +8% 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 United Heritage 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 United Heritage Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Uhcu is a not-for-profit cooperative providing financial services to its members.
What they do
Share savings accounts: all credit unions offer share savings accounts which pay dividends monthly. many credit unions offer special savings accounts for minors or accounts for holiday savings.
Checking accounts: credit unions offer checking accounts with varying features, from free accounts to money market accounts. many checking accounts have atm access, debit card access, as well as on-line benefits, such as bill paying.
Contact & location
Financial trends
Revenue grew from $34.3M (FY2013) to $88.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.5BNet assets $140.4M
Operating margin
7.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$1.5B
Net assets
$140.4M
Salaries & benefits
$27.4M
34% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $88,248,137▲10.7% | $81,266,661▲12.1% | $140,378,880▲7.2% | $1,599,960,622▲4.3% | 990 |
| 2023 | $79,701,411▲19.0% | $72,467,549▲45.0% | $130,955,808▲6.1% | $1,534,688,042▲0.9% | 990 |
| 2022 | $66,954,834▲21.6% | $49,976,961▲15.9% | $123,442,164▲16.8% | $1,520,494,758▲8.1% | 990 |
| 2021 | $55,051,200▲10.3% | $43,117,120▼4.8% | $105,711,521▲13.6% | $1,405,950,790▲14.5% | 990 |
| 2020 | $49,916,423▲2.2% | $45,313,338▲5.8% | $93,080,089▲2.6% | $1,228,006,484▲14.3% | 990 |
| 2019 | $48,829,880▲4.9% | $42,816,641▲14.2% | $90,697,732▲6.0% | $1,074,547,983▲5.1% | 990 |
| 2018 | $46,528,587▲14.1% | $37,496,277▲13.7% | $85,542,130▲9.7% | $1,022,750,686▲7.0% | 990 |
| 2017 | $40,760,927▲8.8% | $32,989,940▲1.7% | $77,993,788▲8.7% | $956,153,954▲6.7% | 990 |
| 2016 | $37,467,948▲14.6% | $32,443,012▲8.1% | $71,765,692▲7.7% | $896,467,517▲3.7% | 990 |
| 2015 | $32,681,909▲11.8% | $30,004,602▲8.2% | $66,650,439▲4.0% | $864,762,793▲8.1% | 990 |
| 2014 | $29,223,291▼14.8% | $27,731,971▼5.4% | $64,081,317▲3.5% | $799,827,151▲4.5% | 990 |
| 2013 | $34,315,060 | $29,318,625▼1.2% | $61,920,763▲6.7% | $765,516,108▲6.7% | 990 |
| 2012 | — | $29,673,485▼11.4% | $58,058,239▲7.6% | $717,533,133▲4.7% | 990 |
| 2011 | — | $33,497,321▼5.6% | $53,950,263▲8.5% | $685,436,859▲5.1% | 990 |
| 2010 | — | $35,493,943 | $49,722,064 | $651,954,589 | 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: Michael Ver Schuur — $1,116,143 (1.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Ver Schuur | President/ceo | 40 | $1,116,143 |
| Sara Vara | Vp Hr | 40 | $603,564 |
| Samantha Hess | Coo | 40 | $381,297 |
| Nathan Brown | Cto | 40 | $349,334 |
| Matthew Lyman | Clo | 40 | $339,674 |
| Troy Garry | Cfo | 40 | $338,494 |
| Karen Pollack | Vp of Digital | 40 | $279,954 |
| Diane Brown | Vp Info Svcs/core Svcs | 40 | $273,674 |
| Deena Massa | Vp Branch Operations | 40 | $270,331 |
| Jacob Bernhard | Vp Re Lending | 40 | $259,449 |
| Rebecca Elliott | Vp Finance | 40 | $257,895 |
| Joshua Robles | Vp Commercial Lending | 40 | $246,176 |
| Dale Tripp | Vp of Compliance | 40 | $244,994 |
| Kevin Farley | Vp Experience & Engagement | 40 | $233,448 |
| Keri Brown | Avp Project Management | 40 | $198,476 |
| Chelsea Schrimpf | Avp Marketing | 40 | $183,858 |
| Mark Woodbridge | Avp of Finance | 40 | $177,913 |
| Stuart Gehrke | Avp Information Technology | 40 | $175,041 |
| Sarah Saxon | Avp Branch Operations | 40 | $160,618 |
| Edward Clements | Board Member | 2 | $18,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Shi Corporation | Computer Hardware and Software | $1,052,919 |
| Google LLC | Internet Search | $956,434 |
| Elan Financial Services | Financial Services | $881,526 |
| Q2 Software | Mobile Banking Platform | $839,487 |
| Bruce Elfant Tax Assessorcollector | Real and Personal Property Tax Collector | $815,355 |
Grants made · $182K in FY2024
6 grants totaling $182K in FY2024. All grants made by United Heritage Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| United Heritage Charity Foundation Inc | Support projects and organizations within local communities. | $121,000 |
| Austin Pets Alive | Donation for pet adoption fees, pet shelter | $15,000 |
| Rodeo Austin | Sponsorship donation for youth scholarships | $15,000 |
| Charitable Adult Rides & Services Inc | Sponsorship donation for meals and transportation of senior living | $10,500 |
| Foundation Fighting Blindness Inc | Donation to find preventions, treatments, and curese for blinding retinal degenerative diseases | $10,000 |
| Fort Worth Stockshow Syndicate | Donation to support youth in agriculture | $10,000 |
Frequently asked questions
- Is United Heritage Credit Union a legitimate nonprofit?
- Yes. United Heritage Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 74-1288659, based in Austin, Texas.
- What is United Heritage Credit Union's EIN?
- United Heritage Credit Union's Employer Identification Number (EIN) is 74-1288659.
- How much revenue does United Heritage Credit Union report?
- United Heritage Credit Union reported $88,248,137 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of United Heritage Credit Union's spending goes to programs?
- United Heritage Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does United Heritage Credit Union have?
- CharityIndex grades United Heritage Credit Union B+, based on program efficiency and fundraising cost.
- How much does United Heritage Credit Union's highest-paid employee make?
- The highest reported compensation on United Heritage Credit Union's latest Form 990 is $1,116,143, paid to Michael Ver Schuur (President/ceo).
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Explore more
Data for United Heritage Credit Union (EIN 74-1288659) 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.