Nonprofit · EIN 74-1137995
FIRST CENTRAL CREDIT UNION
Also known as Central Texas Precept Ministries
Tax-exempt · WACO, TX 76710
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,211,380 | $14,606,563 | $1,604,817 | $168,623,164 | $145,609,432 | $23,013,732 |
| December 31, 2023 | 990 | $15,479,340 | $11,738,290 | $3,741,050 | $166,079,617 | $144,926,198 | $21,153,419 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,765,277
- Investment income
- $1,900,237
- Other revenue
- $545,866
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,059,977
- Other salaries and wages
- $2,611,427
- Salaries, compensation and benefits (total)
- $4,526,815
- Professional fundraising fees
- $0
- Legal fees
- $9,845
- Accounting fees
- $51,342
- Occupancy
- $536,726
- Travel
- $36,065
- Depreciation
- $454,640
Balance sheet and other
- Total assets, start of year
- $166,079,617
- Total assets, end of year
- $168,623,164
- Total liabilities, end of year
- $145,609,432
- Net assets, end of year
- $23,013,732
- Land, buildings and equipment
- $4,314,425
- Gross unrelated business income
- $184,616
- Gross receipts
- $16,211,380
- Employees
- 86
- Volunteers
- 10
- Year formed
- 1937
- 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 |
|---|---|---|---|---|
| JO BETSY TYLER | PRESIDENT/CEO Officer | 40 | $347,628 | $15,221 |
| SHELLI McCOY | CHIEF RETAIL OFFICER Highest-paid employee | 40 | $147,445 | $16,383 |
| RACHAEL BOSSE | SENIOR LENDING MANAGER Highest-paid employee | 40 | $140,337 | $16,341 |
| ORLANDO RODRIGUEZ JR | SENIOR ACCOUNTING AND IT MANAGER Highest-paid employee | 40 | $130,886 | $15,466 |
| LINDA GUNN | SENIOR HR & TRAINING MANAGER Highest-paid employee | 40 | $101,514 | $14,158 |
| NICHOLAS COOK | SENIOR IT MANAGER Highest-paid employee | 40 | $100,484 | $14,115 |
| LORI ALAMBAR | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| VICKI DECKARD | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| CHERYL GRAVES | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| ELIO SMYTHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN DENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSHUA REYES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLENN WILLIAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI DELEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASIA HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONNIE JONES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JO BETSY TYLER | PRESIDENT/CEO Officer | 40 | $321,829 | $14,624 |
| RACHAEL BOSSE | SENIOR LENDING MANAGER Highest-paid employee | 40 | $145,365 | $15,614 |
| SHELLI McCOY | CHIEF RETAIL OFFICER Highest-paid employee | 40 | $139,693 | $13,766 |
| ORLANDO RODRIGUEZ JR | SENIOR ACCOUNTING AND IT MANAGER Highest-paid employee | 40 | $113,122 | $14,637 |
| LINDA GUNN | SENIOR HR & TRAINING MANAGER Highest-paid employee | 40 | $105,125 | $13,379 |
| VICKI DECKARD | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| GLENN WILLIAMSON | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| CHERYL GRAVES | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| ELIO SMYTHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVERETT ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN DENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSHUA REYES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI ALAMBAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI DELEON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASIA HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6201 SANGER AVE, WACO, TX 76710-5649
- In care of
- % FIRST CENTRAL CREDIT UNION
- Mailing address (990-N for 2007)
- 7852 Fairway Rd, Waco TX 76712
- Principal officer (990 for 2024)
- JO BETSY TYLER, 6201 SANGER AVE, WACO, TX 76710
- Principal officer (990-N for 2007)
- Joy Endsley, 7852 Fairway Rd, Waco TX 76712
- Signed the 990
- JO BETSY TYLER, PRESIDENT/CEO
- Phone
- (254) 776-9333
- Website
- WWW.FIRSTCENTRALCU.COM
Mission
FIRST CENTRAL CREDIT UNION IS A FINANCIAL INSTITUTION, SPECIFICALLY A CREDIT UNION WHICH IS A COOPERATIVE PROVIDER OF FINANCIAL SERVICES TO OUR MEMBERS. FIRST CENTRAL CREDIT UNION IS COMMITTED TO PROVIDING SECURE, COMPETITIVE FINANCIAL SERVICES, DEDICATED TO OFFERING THE BEST POSSIBLE BENEFITS TO OUR MEMBERS, AND TO MAKING A DIFFERENCE IN THE COMMUNITIES WE SERVE WHILE CONTINUING TO BUILD CAPITAL RESERVES THROUGH INNOVATIVE AND SOUND BUSINESS PRACTICES. FIRST CENTRAL CREDIT UNION IS A STATE OF TEXAS CHARTERED CREDIT UNION AND A MEMBER OF CUNA. WE ARE ALSO DESIGNATED AS "JUNTOS AVANZAMOS" BY CORNERSTONE CREDIT UNION LEAGUE WHICH SIGNIFIES THAT FIRST CENTRAL HAS A LONG TERM VISION AND COMMITMENT TO SERVING THE NEEDS OF THE HISPANIC MARKET. IN 2018 FIRST CENTRAL CREDIT UNION WAS AWARDED CERTIFICATION AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE US DEPARTMENT OF THE TREASURY.
Program accomplishments
- MEMBER LOANS: FIRST CENTRAL CREDIT UNION PROVIDES VEHICLE LOANS, SIGNATURE LOANS, HOME EQUITY LOANS, REAL ESTATE LOANS, AND CREDIT CARDS. WE UTILIZE VERY EFFICIENT UNDER WRITING PROCEDURES TO PROVIDE REASONABLE AND COMPETITIVE RATES TO OUR MEMBERS.
- CHECKING ACCOUNTS: FIRST CENTRAL CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FREE CHECKING ACCOUNTS TO THOSE WITH ENHANCED BENEFITS SUCH AS CHECKING ACCOUNTS WITH MONTHLY REWARDS. WE DO OFFER CHECKING ACCOUNTS THAT PAY DIVIDENDS MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND FREE USE OF BILL PAY. OVER 74% OF THE CREDIT UNION'S MEMBERS HAVE A CHECKING ACCOUNT. FIRST CENTRAL CREDIT UNION ALSO OFFERS MONEY MARKET ACCOUNTS.
- SHARE ACCOUNTS: FIRST CENTRAL CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 20,037 MEMBER OWNED ACCOUNTS AS OF DECEMBER 31, 2024. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY. FIRST CENTRAL CREDIT UNION OFFERS ACCESS THROUGH BRANCHES AT DIFFERENT LOCATIONS, HOME BANKING VIA THE INTERNET, TELEPHONE, AND ATM MACHINES WORLDWIDE. WE OFFER SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SPENDING HABITS.
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
- 74-1137995
- 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)
- $168,623,164
- Income (IRS master file)
- $16,211,380
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,211,380 | $14,606,563 | $168,623,164 | XML |
| 990 | December 2023 | $15,479,340 | $11,738,290 | $166,079,617 | XML |
| 990 | December 2022 | $11,296,325 | $9,450,076 | $148,590,492 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2007 Officer: Joy Endsley | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
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 74-1137995).
Questions about FIRST CENTRAL CREDIT UNION
- What is the EIN of FIRST CENTRAL CREDIT UNION?
- The employer identification number (EIN) of FIRST CENTRAL CREDIT UNION is 74-1137995.
- Is FIRST CENTRAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to FIRST CENTRAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIRST CENTRAL 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 FIRST CENTRAL 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 FIRST CENTRAL 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 FIRST CENTRAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names JO BETSY TYLER.
- Who are the officers and directors of FIRST CENTRAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 16 people; 6 received compensation from the organization, the highest $347,628 (JO BETSY TYLER, PRESIDENT/CEO).
- How much revenue does FIRST CENTRAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $16,211,380, expenses of $14,606,563 and total assets of $168,623,164 at year end.
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