Nonprofit · EIN 74-1250330
FREESTONE CREDIT UNION
Tax-exempt · TEAGUE, TX 75860
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,916,814 | $3,031,204 | $885,610 | $75,410,932 | $67,639,052 | $7,771,880 |
| December 31, 2024 | 990 | $3,462,993 | $2,666,538 | $796,455 | $66,441,191 | $59,554,921 | $6,886,270 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,808,729
- Investment income
- $1,108,085
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $131,569
- Other salaries and wages
- $691,771
- Salaries, compensation and benefits (total)
- $921,959
- Professional fundraising fees
- $0
- Legal fees
- $1,919
- Accounting fees
- $11,082
- Occupancy
- $77,989
- Depreciation
- $82,356
- Program services (functional)
- $3,031,204
Balance sheet and other
- Total assets, start of year
- $66,441,191
- Total assets, end of year
- $75,410,932
- Total liabilities, end of year
- $67,639,052
- Net assets, end of year
- $7,771,880
- Land, buildings and equipment
- $1,406,565
- Gross unrelated business income
- $10,481
- Gross receipts
- $3,916,814
- Employees
- 19
- Volunteers
- 0
- Year formed
- 1952
- 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 |
|---|---|---|---|
| DEANNE HARRIS | MANAGER/CEO Key employee, Highest-paid employee | 40 | $131,569 |
| MARY LEE | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| COURTNEY HODGE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| JESSICA RISKEN | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KENNETH ALLEN | TREASURER Trustee or director, Officer | 0.5 | $0 |
| MICHAEL GRIFFIN | MEMBER Trustee or director | 0.5 | $0 |
| LUIS GUERRERO | MEMBER Trustee or director | 0.5 | $0 |
| JOEY BURKS | MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEANNE HARRIS | MANAGER/CEO Key employee, Highest-paid employee | 40 | $123,237 |
| MARY LEE | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| COURTNEY HODGE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| JESSICA RISKEN | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| KENNETH ALLEN | TREASURER Trustee or director, Officer | 0.5 | $0 |
| MICHAEL GRIFFIN | MEMBER Trustee or director | 0.5 | $0 |
| LUIS GUERRERO | MEMBER Trustee or director | 0.5 | $0 |
| JOEY BURKS | MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 210, TEAGUE, TX 75860-0210
- Principal officer (990 for 2025)
- DEANNE HARRIS, 613 MAIN ST, TEAGUE, TX 75860
- Signed the 990
- DEANNE HARRIS, MANAGER/CEO
- Phone
- (254) 739-2594
- Return prepared by
- Greg R Schmidt CPA
Mission
OUR MISSION IS TO PROVIDE QUALITY FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES.
Program accomplishments
- FREESTONE CREDIT UNION OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITIVE RATES
- FREESTONE CREDIT UNION OFFERS ALL TYPES OF SAVINGS PRODUCTS AT COMPETITIVE RATES
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
- 74-1250330
- 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)
- $75,410,932
- Income (IRS master file)
- $3,916,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,916,814 | $3,031,204 | $75,410,932 | IRS |
| 990 | December 2024 | $3,462,993 | $2,666,538 | $66,441,191 | IRS |
| 990 | December 2023 | $2,621,942 | $2,065,838 | $58,055,521 | IRS |
| 990 | December 2022 | $2,262,020 | $1,700,488 | $54,162,849 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 FREESTONE CREDIT UNION
- What is the EIN of FREESTONE CREDIT UNION?
- The employer identification number (EIN) of FREESTONE CREDIT UNION is 74-1250330.
- Is FREESTONE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to FREESTONE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FREESTONE 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 FREESTONE 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 FREESTONE 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 FREESTONE CREDIT UNION?
- The 990 for the year ended December 31, 2025 names DEANNE HARRIS.
- Who are the officers and directors of FREESTONE CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $131,569 (DEANNE HARRIS, MANAGER/CEO).
- How much revenue does FREESTONE CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,916,814, expenses of $3,031,204 and total assets of $75,410,932 at year end.
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