Nonprofit · EIN 74-1109882
TEXELL CREDIT UNION
Tax-exempt · TEMPLE, TX 76503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $60,245,528 | $55,405,368 | $4,840,160 | $751,933,225 | $681,296,097 | $70,637,128 |
| December 31, 2023 | 990 | $51,325,244 | $46,832,206 | $4,493,038 | $690,228,948 | $624,442,003 | $65,786,945 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $57,084,368
- Investment income
- $3,161,160
- Net gain from sales of assets
- $38,194
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,619,974
- Other salaries and wages
- $11,977,427
- Salaries, compensation and benefits (total)
- $17,626,849
- Professional fundraising fees
- $0
- Legal fees
- $28,106
- Accounting fees
- $180,449
- Occupancy
- $2,051,865
- Travel
- $102,259
- Depreciation
- $975,011
Balance sheet and other
- Total assets, start of year
- $690,228,948
- Total assets, end of year
- $751,933,225
- Total liabilities, end of year
- $681,296,097
- Net assets, end of year
- $70,637,128
- Land, buildings and equipment
- $35,958,276
- Publicly traded securities
- $19,216,835
- Gross unrelated business income
- $1,498,455
- Gross receipts
- $61,760,813
- Employees
- 291
- Volunteers
- 9
- Year formed
- 1948
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TONY HALE | PRESIDENT/CEO Officer | 40 | $630,170 | $625,694 |
| AMY MERRIMAN | COO Officer | 40 | $269,467 | $47,129 |
| ANTHONY RODGERS | GENERAL COUNSEL Officer | 40 | $253,066 | $36,843 |
| RICHARD SILVERS | VP TECHNOLOGY INNOVATION Key employee | 40 | $243,667 | $26,308 |
| DAVID BORDEN | CFO Officer | 40 | $239,996 | $23,718 |
| MICHAEL GONZALEZ | SENIOR LENDING CONSULTANT Highest-paid employee | 40 | $195,510 | $22,097 |
| GALEN BURKE | VP COMMERCIAL SERVICES Highest-paid employee | 40 | $174,437 | $34,951 |
| MARY ANN NICKOLAI | VP MARKETING Key employee | 40 | $194,821 | $11,670 |
| CHANTEL BROOKS | VP LENDING Highest-paid employee | 40 | $183,273 | $16,377 |
| KRYSTAL TAYLOR | LENDING SALES MANAGER Highest-paid employee | 40 | $151,690 | $17,209 |
| AMBER SPEER | VP MORTGAGE Highest-paid employee | 40 | $150,355 | $17,768 |
| KENNETH GABY | BOD CHAIR Trustee or director | 1 | $2,200 | $0 |
| DANIEL MARESH | BOD SECRETARY/TREASURER Trustee or director | 1 | $2,100 | $0 |
| JOE PALMER | BOD MEMBER Trustee or director | 1 | $2,100 | $0 |
| DAN BOWEN | BOD V. CHAIR Trustee or director | 1 | $1,925 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM CORNELIUS | BOD MEMBER Trustee or director | 1 | $1,925 |
| KEVIN BELL | BOD MEMBER Trustee or director | 1 | $1,925 |
| MIKE PILKINGTON | BOD MEMBER Trustee or director | 1 | $1,925 |
| LYNN EATON | BOD MEMBER Trustee or director | 1 | $1,925 |
| SUE MCMILLIN | BOD MEMBER Trustee or director | 1 | $1,400 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TONY HALE | PRESIDENT/CEO Officer | 40 | $583,257 | $647,622 |
| AMY MERRIMAN | COO Officer | 40 | $280,880 | $44,302 |
| ANTHONY RODGERS | GENERAL COUNSEL Officer | 40 | $257,223 | $36,695 |
| RICHARD SILVERS | VP TECHNOLOGY INNOVATION Key employee | 40 | $226,316 | $45,427 |
| DAVID BORDEN | CFO Officer | 40 | $225,981 | $26,163 |
| MARY ANN NICKOLAI | VP MARKETING Key employee | 40 | $191,993 | $27,743 |
| MICHAEL GONZALEZ | LENDING CONSULTANT Highest-paid employee | 40 | $173,092 | $29,443 |
| GALEN BURKE | VP COMMERCIAL SERVICES Highest-paid employee | 40 | $155,009 | $30,601 |
| CHANTEL BROOKS | VP LENDING Highest-paid employee | 40 | $161,570 | $16,833 |
| AMBER SPEER | VP MORTGAGE Highest-paid employee | 40 | $151,837 | $16,409 |
| NERI NAVARRO | DIRECTOR OF RETAIL Highest-paid employee | 40 | $135,586 | $31,748 |
| SUE MCMILLIN | BOD MEMBER Trustee or director | 1 | $1,910 | $0 |
| DANIEL MARESH | BOD SECRETARY/TREASURER Trustee or director | 1 | $1,700 | $0 |
| JOE PALMER | BOD MEMBER Trustee or director | 1 | $1,700 | $0 |
| LYNN EATON | BOD MEMBER Trustee or director | 1 | $1,700 | $0 |
| KENNETH GABY | BOD CHAIR Trustee or director | 1 | $1,600 | $0 |
| DAN BOWEN | BOD V. CHAIR Trustee or director | 1 | $1,525 | $0 |
| WILLIAM CORNELIUS | BOD MEMBER Trustee or director | 1 | $1,525 | $0 |
| CHRIS MOORE | BOD MEMBER Trustee or director | 1 | $750 | $0 |
| MIKE PILKINGTON | BOD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 983, TEMPLE, TX 76503-0983
- In care of
- % LYLE MIYAMURA CFO
- Principal officer (990 for 2024)
- TONY HALE, PO BOX 983, TEMPLE, TX 76503
- Signed the 990
- TONY HALE, PRESIDENT/CEO
- Phone
- (254) 773-1604
- Website
- WWW.TEXELL.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
COOPERATIVE, MEMBER-OWNED PROVIDER OF FINANCIAL SERVICES FOR OUR MEMBERS.
Program accomplishments
- PROVIDE CHECKING ACCOUNTS WITH VARYING FEATURES AND ASSOCIATED SERVICES TO OUR MEMBERS.
- PROVIDE CONSUMER LOANS OF ALL TYPES AND RELATED SERVICES TO OUR MEMBERS.
- PROVIDE SHARE SAVINGS ACCOUNTS WHICH PAY MONTHLY DIVIDENDS TO OUR MEMBERS.
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 | Not 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
- 74-1109882
- 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)
- $751,933,225
- Income (IRS master file)
- $61,760,813
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $60,245,528 | $55,405,368 | $751,933,225 | IRS |
| 990 | December 2023 | $51,325,244 | $46,832,206 | $690,228,948 | XML |
| 990 | December 2022 | $40,918,617 | $33,136,008 | $628,710,729 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 74-1109882).
Questions about TEXELL CREDIT UNION
- What is the EIN of TEXELL CREDIT UNION?
- The employer identification number (EIN) of TEXELL CREDIT UNION is 74-1109882.
- Is TEXELL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to TEXELL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEXELL 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 TEXELL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEXELL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TEXELL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names TONY HALE.
- Who are the officers and directors of TEXELL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $630,170 (TONY HALE, PRESIDENT/CEO).
- How much revenue does TEXELL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $60,245,528, expenses of $55,405,368 and total assets of $751,933,225 at year end.
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