NonprofitsCredit Union Of Texas

Credit Union Of Texas

ALLEN, TX

Total revenue

$218.1M

Total expenses

$208.8M

Net assets

$183.7M

Grants received

EIN

750225045

Tax year

2024

Mission

We provide various financial products including consumer and commercial loans, leases, and real estate loans. Savings products include shares, share drafts, money market accounts, cds and iras.

Programs

2 programs

Certificates of deposits (cds) and individual retirement account certificates (iras): credit union of texas offers cds and iras for our members to invest in both short and long term investment vehicles at a guaranteed rate of return. Interest rates are typically competitive, compounded, and credited monthly.

Share accounts: credit union of texas has a minimum $5.00 share account balance requirement and a one time $10.00 membership fee. Member share accounts may pay a monthly dividend. These "savings" accounts are paid a competitive rate to benefit our members. Credit union of texas had approximately 169,000 members as of december 31, 2024. Special share accounts are available for children, special occasions, and holiday savings.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$201.7M
Investment income$1.6M
Other revenue$14.8M
Total revenue$218.1M

Expenses

Grants paid$222K
Salaries & benefits$51.8M
Fundraising
Other expenses$155.2M
Total expenses$208.8M
Total assets$2.5B
Net assets$183.7M

People

27 listed

NameRoleCompensation

VANCE E POINTER

PRESIDENT AND CEO

Board

$2.1M

40 hrs/wk

KERRY J WHITSON

CHIEF FINANCIAL OFFICER

Board

$546K

40 hrs/wk

JANIE WORST

BOD MEMBER

Board

$60K

1 hrs/wk

TROY A MATHIEU

CHAIRPERSON

Board

$59K

1 hrs/wk

ADRIAN WILLIAMS

BOD TREASURER

Board

$58K

1 hrs/wk

MARELOU M CISNEROS

BOD MEMBER

Board

$56K

1 hrs/wk

LISA WELLBORN

BOD MEMBER

Board

$56K

1 hrs/wk

ANTHONY U BARBER

BOD MEMBER

Board

$56K

1 hrs/wk

JERRY D CHRISTIAN

BOD MEMBER

Board

$55K

1 hrs/wk

RANDALL CHADDICK

BOD MEMBER

Board

$55K

1 hrs/wk

CHRIS L WHITE

BOD SECRETARY

Board

$55K

1 hrs/wk

BRIAN HARVEY

BOD MEMBER

Board

$51K

1 hrs/wk

RAFAEL C DIAZ

BOD VICE CHAIRPERSON

Board

$41K

1 hrs/wk

COURTNEY L COSS

CHIEF RETAIL OFFICER

Staff

$577K

40 hrs/wk

ANGELA M FAUST

SVP CHIEF OPERATIONS OFFICER

Staff

$485K

40 hrs/wk

MICHAEL VINING

CHIEF INFORMATION OFFICER

Staff

$483K

40 hrs/wk

EDWIN F ARMY

CHIEF MARKETING/ENGAGEMENT

Staff

$423K

40 hrs/wk

JAMES W POST

CHIEF FACILITIES OFFICER

Staff

$420K

40 hrs/wk

ADRIAN MELENDEZ

CHIEF TECHNOLOGY OFFICER

Staff

$367K

40 hrs/wk

JAMES T PACE

VICE PRESIDENT - COLLECTIONS

Staff

$353K

40 hrs/wk

ROCKY A MUNIZ-GONZALEZ

CHIEF INVESTMENT OFFICER

Staff

$336K

40 hrs/wk

BARRY R SMITH

PRESIDENT EASTERN TEXAS

Staff

$302K

40 hrs/wk

CHRISTOPHER D MURPHY

CHIEF RISK OFFICER

Staff

$292K

40 hrs/wk

KRISTIE H SIMO

CHIEF LENDING OFFICER

Staff

$284K

40 hrs/wk

MATTHEW E STEWART

MORTGAGE SALES TEAM LEAD

Staff

$249K

40 hrs/wk

RICHARD B WHITMAN

PRESIDENT - TML

Staff

$248K

40 hrs/wk

BILL BEAUCHENE

MANAGER SALESFORCE

Staff

$230K

40 hrs/wk

Independent contractors

ASHLEY CAVAZOS (COZY COFFEE WAGON LLC)

FOOD SERVICE

$854K

MNET LLC

PHONE SERVICE

$824K

GATEWAY PARTNERS LLC

LEASE PROPERTY-RENT

$762K

PILLAR COMMERCIAL

PROPERTY MGT

$627K

PAYACTIV INC

PAYROLL EE DRAW MGT

$349K

Details

EIN750225045
Subsection14
Ruling date1976-06
Formed1931
Employees752
Volunteers0
CREDIT UNION OF TEXAS — Mission, Financials & Grants Received | Grantivo