Nonprofit · EIN 74-1115584
RAVE FINANCIAL CREDIT UNION
Tax-exempt · BEAUMONT, TX 77706
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $68,821,965 | $64,381,342 | $4,440,623 | $1,080,320,770 | $934,286,739 | $146,034,031 |
| December 31, 2023 | 990 | $62,195,658 | $52,561,566 | $9,634,092 | $1,107,097,765 | $965,504,357 | $141,593,408 |
| December 31, 2022 | 990 | $14,392,822 | $11,759,386 | $2,633,436 | $1,069,968,872 | $932,009,558 | $137,959,314 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $62,796,215
- Investment income
- $5,680,727
- Net rental income
- $192,513
- Other revenue
- $345,023
Expenses
- Grants and similar amounts paid
- $139,755
- Compensation of officers, directors and key employees
- $3,021,068
- Other salaries and wages
- $16,545,779
- Salaries, compensation and benefits (total)
- $25,540,172
- Professional fundraising fees
- $0
- Legal fees
- $54,974
- Accounting fees
- $61,884
- Occupancy
- $1,900,306
- Travel
- $116,741
- Depreciation
- $2,080,281
Balance sheet and other
- Total assets, start of year
- $1,107,097,765
- Total assets, end of year
- $1,080,320,770
- Total liabilities, end of year
- $934,286,739
- Net assets, end of year
- $146,034,031
- Land, buildings and equipment
- $45,048,683
- Publicly traded securities
- $87,208,055
- Gross unrelated business income
- $152,510
- Gross receipts
- $68,895,302
- Employees
- 353
- Volunteers
- 10
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN DOUCET | PRESIDENT/CEO Officer | 40 | $431,443 | $78,425 |
| JONATHAN E HASKETT JR | CHIEF FINANCIAL OFFICER Officer | 40 | $265,393 | $55,799 |
| LADEDRA JONES | CHIEF TECHNOLOGY OFFICER Officer | 40 | $266,746 | $43,214 |
| KEISHA SMITH | CHIEF EXPERIENCE OFFICER Officer | 40 | $268,018 | $40,849 |
| PHILLIP BRENT | CHIEF LEGAL COUNSEL Officer | 40 | $268,737 | $31,360 |
| CODY BUCHHOLZ | CHIEF MARKETING OFFICER Officer | 40 | $255,711 | $42,409 |
| PIERCE HARRINGTON | AVP SR. COMMERCIAL LENDER Key employee | 40 | $179,906 | $30,935 |
| ALLISON DEYOUNG | VP OF HUMAN RESOURCES Key employee | 40 | $172,829 | $36,821 |
| DUSTIN WILLIAMS | VP OF FINANCE & ANALYTICS Key employee | 40 | $172,651 | $27,373 |
| AMANDA LEBLANC | VP OF EXPERIENCE CENTERS Key employee | 40 | $157,684 | $21,140 |
| BROOKE COLLINS | VP OF VIRUTAL SERVICES Highest-paid employee | 40 | $140,259 | $35,809 |
| LANA FLOYD | VP OF CONSUMER LENDING Key employee | 40 | $145,988 | $27,637 |
| LATISHA ADKINS | VP OF PROJECTS AND INNOVATION Highest-paid employee | 40 | $137,824 | $17,027 |
| CARI RIZZATO | AVP OF SUPPORT SERVICES Highest-paid employee | 40 | $115,122 | $37,817 |
| JENNIFER WILLETT | COMMERCIAL LENDING & SERVICES MANAGER Highest-paid employee | 40 | $114,984 | $33,282 |
12 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF KELLUM | SR. SYSTEMS & NETWORK MANAGER Highest-paid employee | 40 | $118,531 | $23,964 |
| GARY WALDROP | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PAUL WHEELINGTON | 1ST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RAUL LITO MORALES | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD D NEWTON | AUDIT COMMITTEE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TONY LUCENTI | 2ND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| Brandon Rascoe | DIRECTOR - PART YEAR Trustee or director | 1 | $0 | $0 |
| BRANDON ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CODY BURRELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FLOYD PRICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND NALLIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN DOUCET | PRESIDENT/CEO Officer | 40 | $465,343 | $56,544 |
| KEISHA SMITH | CHIEF EXPERIENCE OFFICER Officer | 40 | $393,205 | $77,240 |
| JONATHAN E HASKETT JR | CHIEF FINANCIAL OFFICER Officer | 40 | $281,154 | $126,724 |
| LADEDRA JONES | CHIEF TECHNOLOGY OFFICER Officer | 40 | $282,384 | $115,158 |
| PHILLIP BRENT | CHIEF LEGAL COUNSEL Officer | 40 | $281,435 | $29,733 |
| CODY BUCHHOLZ | CHIEF MARKETING OFFICER Officer | 40 | $264,858 | $21,779 |
| PIERCE HARRINGTON | AVP SR. COMMERCIAL LENDER Key employee | 40 | $200,629 | $28,746 |
| DUSTIN WILLIAMS | VP OF FINANCE & ANALYTICS Key employee | 40 | $174,902 | $31,401 |
| ALLISON DEYOUNG | VP OF HUMAN RESOURCES Key employee | 40 | $173,551 | $32,560 |
| LANA FLOYD | VP OF CONSUMER LENDING Key employee | 40 | $178,448 | $26,712 |
| AMANDA LEBLANC | VP OF EXPERIENCE CENTERS Key employee | 40 | $162,378 | $23,304 |
| BROOKE COLLINS | VP OF VIRUTAL SERVICES Highest-paid employee | 40 | $138,177 | $25,054 |
| CARI RIZZATO | AVP OF SUPPORT SERVICES Highest-paid employee | 40 | $126,104 | $32,786 |
| JENNIFER WILLETT | COMMERCIAL LENDING & SERVICES MNGR Highest-paid employee | 40 | $130,278 | $25,700 |
| LATISHA ADKINS | VP OF PROJECTS AND INNOVATION Highest-paid employee | 40 | $129,913 | $25,980 |
| DALE FONTENOT | SR SYSTEM AND APPLICATION PROGRAMMER Highest-paid employee | 40 | $128,099 | $19,995 |
| GARY WALDROP | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PAUL WHEELINGTON | 1ST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TONY LUCENTI | 2ND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RAUL LITO MORALES | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD D NEWTON | AUDIT COMMITTEE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CODY BURRELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FLOYD PRICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAYMOND NALLIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANDON RASCOE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CODY BROUSSARD | AUDIT COMMITTEE - PART YEAR Trustee or director | 1 | $0 | $0 |
| RICHARD HEGELE | DIRECTOR - PART YEAR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN DOUCET | PRESIDENT/CEO Officer | 40 | $409,082 | $48,816 |
| KEISHA SMITH | CHIEF EXPERIENCE OFFICER Officer | 40 | $234,081 | $32,841 |
| PHILLIP BRENT | CHIEF LEGAL COUNSEL Officer | 40 | $241,749 | $24,948 |
| JONATHAN E HASKETT JR | CHIEF FINANCIAL OFFICER Officer | 40 | $228,371 | $38,213 |
| LADEDRA JONES | CHIEF TECHNOLOGY OFFICER Officer | 40 | $214,872 | $31,965 |
| CODY BUCHHOLZ | CHIEF MARKETING OFFICER Officer | 40 | $184,602 | $30,300 |
| LISA MILLER | CHIEF OPERATING OFFICER - PART YEAR Officer | 40 | $190,471 | $18,231 |
| PIERCE HARRINGTON | AVP SR. COMMERCIAL LENDER Key employee | 40 | $171,030 | $25,544 |
| LANA FLOYD | VP OF CONSUMER LENDING Key employee | 40 | $161,274 | $23,625 |
| SHANE PERKINS | VP OF IS&T - PART YEAR Highest-paid employee | 40 | $127,396 | $21,857 |
| ALLISON DEYOUNG | VP OF HUMAN RESOURCES Highest-paid employee | 40 | $120,245 | $25,858 |
| DALE FONTENOT | SEN. SYSTEMS AND APP. PROGRAMMER Highest-paid employee | 40 | $123,820 | $18,611 |
| DUSTIN WILLIAMS | VP OF ACCOUNTING & FINANCE Highest-paid employee | 40 | $131,133 | $10,664 |
| JACOB WILLS | VP OF VIRTUAL SERVICES - PART YEAR Highest-paid employee | 40 | $115,019 | $17,014 |
| GARY WALDROP | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD HEGELE | 1ST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TONY LUCENTI | 2ND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PAUL WHEELINGTON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD D NEWTON | SUPERVISORY COMMITTEE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CODY BURRELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAUL LITO MORALES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FLOYD PRICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANDON RASCOE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRICE ALLEN | DIRECTOR - PART YEAR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3535 CALDER AVE, BEAUMONT, TX 77706-5025
- Principal officer (990 for 2024)
- T PHILLIP BRENT, PO BOX 12849, BEAUMONT, TX 77726
- Signed the 990
- T PHILLIP BRENT, CHIEF LEGAL COUNSEL
- Phone
- (409) 924-5151
- Website
- WWW.BANKWITHRAVE.COM
- Return prepared by
- Plante & Moran PLLC
Mission
To enrich people's lives one experience at a time.
Program accomplishments
- MEETS THE FINANCIAL NEEDS OF ITS MEMBERS BY OFFERING LOANS, DEPOSITS, AND OTHER FINANCIAL PRODUCTS.
- OFFERS AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, CHECK CASHING, TRAVELERS CHECKS, OVERDRAFT PROTECTION/COURTESY PAY, BILL PAY, AND VARIOUS INSURANCE AND INVESTMENT PROGRAMS.
- PROVIDES FINANCIAL EDUCATION BY OFFERING FINANCIAL HEALTH SEMINARS AND SERVICES SUCH AS CREDIT SCORE ANALYSIS, CAR BUYING 101, BUDGET PLANNING AND MORE.
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
- 74-1115584
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $1,080,320,770
- Income (IRS master file)
- $68,895,302
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $68,821,965 | $64,381,342 | $1,080,320,770 | IRS |
| 990 | December 2023 | $62,195,658 | $52,561,566 | $1,107,097,765 | XML |
| 990 | December 2022 | $14,392,822 | $11,759,386 | $1,069,968,872 | XML |
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 74-1115584).
Questions about RAVE FINANCIAL CREDIT UNION
- What is the EIN of RAVE FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of RAVE FINANCIAL CREDIT UNION is 74-1115584.
- Is RAVE FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2025.
- Are donations to RAVE FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RAVE FINANCIAL 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 RAVE FINANCIAL 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 RAVE FINANCIAL 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 RAVE FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names T PHILLIP BRENT.
- Who are the officers and directors of RAVE FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 27 people; 16 received compensation from the organization, the highest $431,443 (JOHN DOUCET, PRESIDENT/CEO).
- How much revenue does RAVE FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $68,821,965, expenses of $64,381,342 and total assets of $1,080,320,770 at year end.
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