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Nonprofit · EIN 74-1109927

COMMUNITY RESOURCE CREDIT UNION

Tax-exempt · BAYTOWN, TX 77521

Financials

$67.4M$60.6M2024
Revenue Expenses · by fiscal year end
Financials of COMMUNITY RESOURCE CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$67,415,325$60,587,487$6,827,838$895,067,097$814,574,378$80,492,719
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$59,712,237
Investment income
$5,835,007
Net gain from sales of assets
-$25,052
Other revenue
$1,868,081

Expenses

Grants and similar amounts paid
$45,715
Benefits paid to members
$12,100,825
Compensation of officers, directors and key employees
$2,658,381
Other salaries and wages
$12,163,202
Salaries, compensation and benefits (total)
$18,694,719
Professional fundraising fees
$0
Legal fees
$152,140
Accounting fees
$202,813
Occupancy
$1,917,666
Travel
$37,796
Depreciation
$2,233,959

Balance sheet and other

Total assets, start of year
$848,944,025
Total assets, end of year
$895,067,097
Total liabilities, end of year
$814,574,378
Net assets, end of year
$80,492,719
Land, buildings and equipment
$38,054,807
Publicly traded securities
$58,064,276
Gross unrelated business income
$149,213
Gross receipts
$67,664,417
Employees
253
Volunteers
12
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RUSSELL BALLARDPRESIDENT/CEO
Officer
40$1,185,220$28,680
BRENDA WEINBERGEREVP
Officer
40$463,155$52,683
TAMMY LOCKETTESVP, CIO
Officer
40$447,480$30,746
TRAVIS SMITHVP FINANCIAL ADVISOR
Highest-paid employee
40$279,393$43,186
MICHAEL LIBBEYSVP/CFO
Officer
40$212,966$17,380
TIMOTHY FOLEYSVP, COO
Officer
40$207,074$11,574
DAVID DANGVP CHIEF INFORMATION SECURITY OFFICER
Highest-paid employee
40$194,507$20,070
MATTHEW GLASSCOSR. SYSTEMS ENGINEER
Highest-paid employee
40$162,690$34,669
AARON RATHBONEVP OF BUSINESS LENDING
Highest-paid employee
40$179,501$15,430
ALYSSA MORETTIDIRECTOR OF HR
Highest-paid employee
40$142,080$49,454
SONYA HARRISSVP OF LENDING
Officer
40$1,423$0
RANDALL SANDERSCHAIRPERSON
Trustee or director, Officer
1$0$0
JONNA CAGLE-PAGEVICE CHAIRPERSON
Trustee or director, Officer
1$0$0
ROY BAREFIELDBOARD SECRETARY
Trustee or director, Officer
1$0$0
WILLIAM VOLABOARD TREASURER
Trustee or director, Officer
1$0$0
4 more people on this return
NameTitleHours / weekCompensation
WALLY WHITLEYBOD MEMBER
Trustee or director
1$0
DICK DAWSONBOD MEMBER
Trustee or director
1$0
CONNIE A TILTONBOD MEMBER
Trustee or director
1$0
DAVID MOHLAMBOD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
3110 ROLLINGCREEK DR, BAYTOWN, TX 77521-0000
Principal officer (990 for 2024)
CHAD HEESE, 3110 ROLLINGCREEK DR, BAYTOWN, TX 77521
Signed the 990
MIKE LIBBEY, SVP, CHIEF FINANCIAL OFFICER
Phone
(281) 422-3611
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP PROVIDING EXCEPTIONAL SERVICE & QUALITY PRODUCTS.

990 for the year ended December 31, 2024

Program accomplishments

  • SHARE SAVINGS ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 60,822 MEMBER-OWNED ACCOUNTS AS OF DECEMBER 31, 2024. MEMBER SHARE SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND ARE ACCESSIBLE THROUGH THE BRANCH NETWORK, HOME BANKING BY MOBILE DEVICE OR INTERNET, AND ATMS WORLDWIDE.
  • CHECKING ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION PROVIDES DIFFERENT CHECKING ACCOUNTS TO MEMBERS WITH DIFFERENT FEATURES. THE RANGE VARIES FROM FREE CHECKING ACCOUNTS TO CHECKING ACCOUNTS WITH ENHANCED BENEFITS. DIVIDENDS ARE PAID MONTHLY. THE CREDIT UNION EXTENDS THE UTILITY OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARD AND INTERNET AND MOBILE ACCOUNT ACCESS.
  • MONEY MARKET ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION OFFERS MONEY MARKET ACCOUNTS FOR MEMBERS WHO CHOOSE TO KEEP THEIR FUNDS LIQUID, BUT WILL NOT TRANSACT AS MUCH AND DESIRE TO EARN AN ENHANCED YIELD. DIVIDENDS ARE PAID MONTHLY.
  • CERTIFICATES OF DEPOSIT - COMMUNITY RESOURCE CREDIT UNION OFFERS THE HIGHEST YIELDS TO MEMBERS WHO AGREE TO KEEP THEIR MONEY DEPOSITED FOR A SPECIFIC AMOUNT OF TIME. INTEREST IS PAID MONTHLY.
  • MEMBER LOANS - COMMUNITY RESOURCE CREDIT UNION OFFERS A WIDE VARIETY OF LOANS TO ITS MEMBERS, INCLUDING: VEHICLE, RV, BOATS, MOTORCYCLES, CREDIT CARDS, SIGNATURE LOANS, MORTGAGES AND COMMERCIAL LOANS.

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-1109927
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)
$895,067,097
Income (IRS master file)
$67,664,417

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$56,032,649$50,569,493$848,944,025IRS
990December 2022$47,539,964$39,302,500$763,924,806IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about COMMUNITY RESOURCE CREDIT UNION

What is the EIN of COMMUNITY RESOURCE CREDIT UNION?
The employer identification number (EIN) of COMMUNITY RESOURCE CREDIT UNION is 74-1109927.
Is COMMUNITY RESOURCE CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to COMMUNITY RESOURCE CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does COMMUNITY RESOURCE 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 COMMUNITY RESOURCE 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 COMMUNITY RESOURCE 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 COMMUNITY RESOURCE CREDIT UNION?
The 990 for the year ended December 31, 2024 names CHAD HEESE.
Who are the officers and directors of COMMUNITY RESOURCE CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 19 people; 11 received compensation from the organization, the highest $1,185,220 (RUSSELL BALLARD, PRESIDENT/CEO).
How much revenue does COMMUNITY RESOURCE CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $67,415,325, expenses of $60,587,487 and total assets of $895,067,097 at year end.

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