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Nonprofit · EIN 74-0650997

GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION

Tax-exempt · LA MARQUE, TX 77568

Financials

$435K$412K2023$449K$433K2024$418K$417K2025
Revenue Expenses · by fiscal year end
Financials of GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$418,400$416,693$1,707$6,969,189$6,239,034$730,155
December 31, 2024990$449,129$432,903$16,226$7,766,843$7,038,395$728,448
December 31, 2023990$434,969$412,261$22,708$7,086,741$6,374,517$712,224
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$366,154
Investment income
$52,246
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$101,916
Salaries, compensation and benefits (total)
$109,842
Professional fundraising fees
$0
Legal fees
$2,335
Accounting fees
$16,544
Occupancy
$59,542

Balance sheet and other

Total assets, start of year
$7,766,843
Total assets, end of year
$6,969,189
Total liabilities, end of year
$6,239,034
Net assets, end of year
$730,155
Net assets without donor restrictions
$730,155
Gross receipts
$418,400
Employees
2
Year formed
1933
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
RACHEL JONESPRESIDENTCEO
Key employee
40$41,600
BARBARA SANDERSONBOARD CHAIR
Trustee or director, Officer
2$0
JIMMIE GILLANEVICE CHAIR
Trustee or director, Officer
2$0
TRACY ORRSECRETARYTREASURER
Trustee or director, Officer
2$0
STEPHEN BREWERMEMBER
Trustee or director
2$0
DAVID LEALASST SECRETARYTREASURER
Trustee or director, Officer
2$0
DANIEL BUCKLEYMEMBER
Trustee or director
2$0
DAVID GALINDOMEMBER
Trustee or director
2$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
RACHEL JONESPRESIDENTCEO
Key employee
40$41,600
STEPHEN BREWERMEMBER
Trustee or director
2$0
DANIEL BUCKLEYMEMBER
Trustee or director
2$0
DAVID GALINDOMEMBER
Trustee or director
2$0
BARBARA SANDERSONBOARD CHAIR
Trustee or director, Officer
2$0
CHASE BESSIREVICE CHAIR
Trustee or director, Officer
2$0
TRACY ORRSECRETARYTREASURER
Trustee or director, Officer
2$0
DAVID LEALASST SECRETARYTREASURET
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
RACHEL JONESPRESIDENT/CEO
Key employee
40$41,600
BARBARA SANDERSONBOARD CHAIR
Trustee or director, Officer
0.5$0
DAVID BERGVICE CHAIR
Trustee or director, Officer
0.5$0
TRACY ORRSECRETARY/TREASURER
Trustee or director, Officer
0.5$0
CHASE BESSIREMEMBER
Trustee or director
0.5$0
DAVID LEALMEMBER
Trustee or director
0.5$0
DANIEL BUCKLEYMEMBER
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
14041 DELANEY ST, LA MARQUE, TX 77568-2508
In care of
% RACHEL JONES
Signed the 990
RACHEL JONES, PRESIDENTCEO
Phone
(409) 908-9834
Return prepared by
LISA N JACOBS CPA LLC

Mission

ORGANIZED FOR THE PURPOSE OF ENCOURAGING THRIFT, PROVIDING A FAIR RATE OF RETURN, AND AN OPPORTUNITY TO IMPROVE THE ECONOMIC CONDITION OF ITS MEMBERS.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CREDIT UNION OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITVE RATES.
  • THE CREDIT UNION OFFERS SAVINGS PRODUCTS AT COMPETITVE RATES

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-0650997
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,969,189
Income (IRS master file)
$418,400

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$418,400$416,693$6,969,189XML
990December 2024$449,129$432,903$7,766,843IRS
990December 2023$434,969$412,261$7,086,741XML
990December 2022$451,340$408,607$7,510,644IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-0650997).

Questions about GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION

What is the EIN of GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION?
The employer identification number (EIN) of GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION is 74-0650997.
Is GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $41,600 (RACHEL JONES, PRESIDENTCEO).
How much revenue does GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $418,400, expenses of $416,693 and total assets of $6,969,189 at year end.

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