NonprofitsTexas Health Credit Union

Texas Health Credit Union

AUSTIN, TX

Total revenue

$7.0M

Total expenses

$5.4M

Net assets

$16.9M

Grants received

EIN

741301485

Tax year

2024

Mission

The credit union is a cooperative thrift institution and is a member of the national credit union administration insurance fund. The credit union is regulated by the texas credit union department as well as the national credit union administration. The credit union offers products and services in four primary areas: savings and checking accounts, consumer and real estate loans.

Programs

3 programs

Checking accounts: the credit union provides checking accounts for consumers and businesses with various features, from free accounts to those with enhanced benefits. Most offer dividends that are paid monthly. Additionally the credit union extends the reach of these accounts to all members with free debit cards, internet account access, and free use of the internet bill payer platform. 45% of credit union members have a checking account.

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Consumer loans: the credit union has provided vehicle loans since its early years. The consumer loan product line now includes efficient underwriting and flexible offerings for recreational vehicles, boats, motorcycles, and unsecured loans.

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Real estate loans: the credit union provides home equity loans with a single distribution and a fixed rate.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$4.8M
Investment income$1.8M
Other revenue$351K
Total revenue$7.0M

Expenses

Grants paid
Salaries & benefits$1.8M
Fundraising
Other expenses$3.6M
Total expenses$5.4M
Total assets$133.0M
Net assets$16.9M

People

13 listed

NameRoleCompensation

TJ NISSEN

CHAIRMAN

Board

0.5 hrs/wk

JEFF TAYLOR

VICE CHAIR

Board

0.5 hrs/wk

LISA GENNA

BOARD MEMBER

Board

0.5 hrs/wk

DOUG KENNEMER

BOARD MEMBER

Board

0.5 hrs/wk

PAUL BARKER

BOARD MEMBER

Board

0.5 hrs/wk

DALE DINGLEY

BOARD MEMBER

Board

0.5 hrs/wk

PATTY MELCHIOR

BOARD MEMBER

Board

0.5 hrs/wk

SHARON ZUROVEC

BOARD MEMBER

Board

0.5 hrs/wk

MIKE GREENE

BOARD MEMBER (Started 06/2024)

Board

0.5 hrs/wk

DERRICK BROWN

PRESIDENT/CEO

Staff

$137K

40 hrs/wk

STEPHEN SCOTT

VICE PRESIDENT

Staff

$133K

40 hrs/wk

TAMMY BOTKIN

PRESIDENT/CEO (Retired 3/31/2024)

Staff

$125K

40 hrs/wk

WENDI BRAY

BOARD MEMBER (ENDED 05/2024)

Staff

0.5 hrs/wk

Details

EIN741301485
Subsection14
Ruling date1976-06
Formed1956
Employees22
Volunteers9
TEXAS HEALTH CREDIT UNION — Mission, Financials & Grants Received | Grantivo