Nonprofit · EIN 74-0856365
REED CREDIT UNION
Tax-exempt · HOUSTON, TX 77029
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $716,336 | $642,471 | $73,865 | $15,281,817 | $12,540,055 | $2,741,762 |
| December 31, 2024 | 990 | $726,339 | $613,022 | $113,317 | $16,169,567 | $13,501,670 | $2,667,897 |
| December 31, 2023 | 990 | $597,885 | $541,037 | $56,848 | $15,666,930 | $13,112,350 | $2,554,580 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $157,978
- Investment income
- $558,358
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $190,549
- Salaries, compensation and benefits (total)
- $259,162
- Professional fundraising fees
- $0
- Occupancy
- $28,521
- Travel
- $7,002
Balance sheet and other
- Total assets, start of year
- $16,169,567
- Total assets, end of year
- $15,281,817
- Total liabilities, end of year
- $12,540,055
- Net assets, end of year
- $2,741,762
- Land, buildings and equipment
- $38,988
- Gross receipts
- $716,336
- Employees
- 3
- Volunteers
- 7
- Year formed
- 1935
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARLA CLAKLEY | PRESIDENT Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $84,936 | $31,524 |
| JAIR SANTANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOROTHY HYMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LONGTINE | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MARCINA GUEVARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEILA BRASHEAR | SECRETARY Trustee or director | 1 | $0 | $0 |
| ROGER RATCLIFF | CHAIRMAN Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARLA CLAKLEY | PRESIDENT Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $80,916 | $20,419 |
| DOROTHY HYMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LONGTINE | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARCINA GUEVARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEILA BRASHEAR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROGER RATCLIFF | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAIR SANTANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARLA CLAKLEY | PRESIDENT Trustee or director, Officer, Key employee | 40 | $77,562 | $21,279 |
| DOROTHY HYMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD LONGTINE | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MARCINA GUEVARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEILA BRASHEAR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROGER RATCLIFF | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAIR SANTANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10200 EAST FWY STE 125, HOUSTON, TX 77029-1994
- Principal officer (990 for 2025)
- CARLA CLAKLEY, 10200 EAST FWY 125, HOUSTON, TX 77029
- Signed the 990
- CARLA CLAKLEY, PRESIDENT
- Phone
- (713) 673-3333
- Website
- REEDCREDITUNION.COM
Mission
COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES
Program accomplishments
- COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-0856365
- 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
- Group exemption
- 2742: CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS
- Assets (IRS master file)
- $15,281,817
- Income (IRS master file)
- $716,336
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $716,336 | $642,471 | $15,281,817 | IRS |
| 990 | December 2024 | $726,339 | $613,022 | $16,169,567 | IRS |
| 990 | December 2023 | $597,885 | $541,037 | $15,666,930 | XML |
| 990 | December 2022 | $431,886 | $474,364 | $16,760,716 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 74-0856365).
Questions about REED CREDIT UNION
- What is the EIN of REED CREDIT UNION?
- The employer identification number (EIN) of REED CREDIT UNION is 74-0856365.
- Is REED CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to REED CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does REED 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 REED 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 REED 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 is the principal officer of REED CREDIT UNION?
- The 990 for the year ended December 31, 2025 names CARLA CLAKLEY.
- Who are the officers and directors of REED CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $84,936 (CARLA CLAKLEY, PRESIDENT).
- How much revenue does REED CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $716,336, expenses of $642,471 and total assets of $15,281,817 at year end.
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