Nonprofit · EIN 74-1260543
TEXAS DOW EMPLOYEES CREDIT UNION
Tax-exempt · HOUSTON, TX 77056
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $357,942,346 | $351,313,029 | $6,629,317 | $4,768,473,410 | $4,295,787,319 | $472,686,091 |
| December 31, 2023 | 990 | $348,738,510 | $315,843,296 | $32,895,214 | $4,690,360,790 | $4,224,946,932 | $465,413,858 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $303,568,991
- Investment income
- $19,219,070
- Net gain from sales of assets
- -$40,888
- Other revenue
- $35,154,285
Expenses
- Grants and similar amounts paid
- $665,000
- Compensation of officers, directors and key employees
- $8,672,833
- Other salaries and wages
- $66,357,255
- Salaries, compensation and benefits (total)
- $98,067,869
- Professional fundraising fees
- $0
- Legal fees
- $3,385,537
- Accounting fees
- $109,507
- Occupancy
- $7,842,459
- Travel
- $1,818,458
- Depreciation
- $10,258,553
Balance sheet and other
- Total assets, start of year
- $4,690,360,790
- Total assets, end of year
- $4,768,473,410
- Total liabilities, end of year
- $4,295,787,319
- Net assets, end of year
- $472,686,091
- Land, buildings and equipment
- $53,122,653
- Publicly traded securities
- $35,342,956
- Gross unrelated business income
- $6,518,489
- Gross receipts
- $359,913,647
- Employees
- 1,070
- Volunteers
- 0
- Year formed
- 1955
- 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 |
|---|---|---|---|---|
| ISAAC JOHNSON | PRESIDENT AND CHIEF EXECUTIVE OFFICER Officer | 40 | $1,151,863 | $584,617 |
| JOSE DELGADO | CHIEF BANKING OFFICER Key employee | 40 | $785,012 | $36,137 |
| JASON SCHNEIDER | CHIEF FINANCE OFFICER Officer | 40 | $531,318 | $267,618 |
| MICHAEL MASSEY | HOLDINGS PRESIDENT AND SVP TDECU Key employee | 1 | $496,659 | $246,554 |
| QIARA SUGGS | CHIEF HUMAN CAPITAL OFFICER Key employee | 40 | $455,928 | $238,984 |
| ASHISH CHOPRA | CHIEF INFORMATION AND TECHNOLOGY OFFICER Key employee | 40 | $536,836 | $112,741 |
| SHEILUDIS MOYETT | CHIEF MARKETING AND DIGITAL OFFICER Key employee | 40 | $406,569 | $219,529 |
| ANTHONY WARDEN | SVP - MEMBER EXPERIENCE Highest-paid employee | 40 | $387,501 | $198,706 |
| APARNA DAVE | CHIEF LEGAL OFFICER Key employee | 40 | $423,637 | $133,219 |
| DAVID SIKORA | BOD MEMBER Trustee or director | 5 | $481,000 | $0 |
| BRANDY PHILLIPS | SVP - OPERATIONS Highest-paid employee | 40 | $333,325 | $147,176 |
| JOSHUA BRIAN | CHIEF GROWTH OFFICER Key employee | 40 | $350,978 | $124,306 |
| PAUL WATSON | SVP - COMMERCIAL LENDING Highest-paid employee | 40 | $342,449 | $107,647 |
| JANET PRUITT | CHIEF AUDIT OFFICER Highest-paid employee | 40 | $361,413 | $66,629 |
| SETH PAYNE | VP - ASSOCIATE GENERAL COUNSEL - LITIGATION Highest-paid employee | 40 | $343,975 | $56,097 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PEGGY MILTENBERGER | BOD MEMBER Trustee or director | 2.5 | $143,500 |
| DICK SMITH | BOD MEMBER Trustee or director | 2.5 | $120,000 |
| GREGORY MONTANA | BOD MEMBER Trustee or director | 2.5 | $110,542 |
| ROLAND K HENDRICKS | BOD CHAIRPERSON Trustee or director | 2.5 | $96,237 |
| LYNDEN B ROSE | BOD MEMBER Trustee or director | 2.5 | $90,500 |
| FRANK COE | BOD MEMBER Trustee or director | 2.5 | $90,000 |
| ELIZABETH RICHMOND KILLINGER | BOD MEMBER Trustee or director | 2.5 | $89,500 |
| ADAM CHIBIB | BOD MEMBER Trustee or director | 2.5 | $75,500 |
| DANIEL L BUCHE | BOD VICE CHAIRPERSON Trustee or director | 2.5 | $73,340 |
| LAVONNE BURKE | BOD MEMBER Trustee or director | 2.5 | $66,500 |
| EDWARD L ZINGLEMAN | BOD TREASURER Trustee or director | 2.5 | $66,249 |
| ROBERT B BALDWIN III | HOLDINGS BOARD MEMBER Trustee or director | 1 | $23,773 |
| JACK M ANTONINI | HOLDINGS BOARD MEMBER Trustee or director | 1 | $21,687 |
| IRAK ULISES ROSAS | BOD MEMBER Trustee or director | 2.5 | $16,000 |
| JEFFREY R HARDER | BOD MEMBER Trustee or director | 2.5 | $6,000 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ISAAC JOHNSON | PRESIDENT AND CHIEF EXECUTIVE OFFICER Officer | 40 | $1,066,405 | $312,565 |
| JASON SCHNEIDER | CHIEF FINANCE AND RISK OFFICER Officer | 40 | $465,782 | $165,004 |
| ANTHONY WARDEN | SVP - MEMBER EXPERIENCE Highest-paid employee | 40 | $481,701 | $134,205 |
| MICHAEL MASSEY | HOLDINGS PRESIDENT AND SVP TDECU Key employee | 0 | $435,979 | $161,567 |
| QIARA SUGGS | CHIEF HUMAN CAPITAL OFFICER Key employee | 40 | $389,032 | $157,401 |
| JOSE DELGADO | CHIEF BANKING OFFICER Key employee | 40 | $398,977 | $142,797 |
| SHEILUDIS MOYETT | CHIEF MARKETING AND DIGITAL OFFICER Key employee | 40 | $350,137 | $148,612 |
| MICHAEL PLAIA TERMINATED | SVP - CHIEF RISK OFFICER Highest-paid employee | 40 | $432,086 | $26,878 |
| BRANDY PHILLIPS | SVP - OPERATIONS Highest-paid employee | 40 | $356,837 | $92,281 |
| JOSHUA BRIAN | VP - MARKET PRESIDENT Highest-paid employee | 40 | $285,419 | $86,790 |
| MARIE BONNETT TERMINATED | VP - GENERAL COUNSEL Highest-paid employee | 40 | $361,200 | $5,379 |
| APARNA DAVE | CHIEF LEGAL OFFICER Key employee | 40 | $207,994 | $22,872 |
| ASHISH CHOPRA | CHIEF INFORMATION AND TECHNOLOGY OFFICER Key employee | 40 | $199,605 | $160 |
| SMITH RICHARD B | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHIBIB ADAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SIKORA DAVID | BOD CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| BUCHE DANIEL L | BOD MEMBER Trustee or director | 2 | $0 | $0 |
| COE FRANK CURTIS | BOD MEMBER Trustee or director | 2 | $0 | $0 |
| KILLINGER ELIZABETH | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| MILTENBERGER PEGGY | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| MONTANA GREG | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| ROSE LYNDEN | BOD MEMBER Trustee or director | 1 | $0 | $0 |
| HORNBACK GEORGE R | BOD SECRETARY Trustee or director | 1 | $0 | $0 |
| ZINGLEMAN EDWARD L | BOD TREASURER Trustee or director | 1 | $0 | $0 |
| HENDRICKS ROLAND K | BOD VICE CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| ANTONINI JACK | HOLDINGS BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| BALDWIN III ROBERT | HOLDINGS BOARD MEMBER Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 POST OAK BLVD STE 2100, HOUSTON, TX 77056-4493
- Mailing address (990-N for 2014)
- 2012 Wildwood St, Richwood TX 77531
- Principal officer (990 for 2024)
- ISAAC JOHNSON, 2000 POST OAK BLVD STE 2100, HOUSTON, TX 77056
- Principal officer (990-N for 2014)
- David R Allen, 2012 Wildwood St, Richwood TX 77531
- Signed the 990
- JASON SCHNEIDER, SVP & CFO
- Phone
- (979) 248-5633
- Website
- www.Draft1.org
- Return prepared by
- DOEREN MAYHEW
Mission
INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES.
Program accomplishments
- TDECU IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WITH MORE THAN 381,000 MEMBERS. THROUGHOUT THEIR MEMBER SERVICE LOCATIONS, TDECU OFFERS A COMPLETE SELECTION OF CONVENIENT AND COMPETITIVE PRODUCTS AND SERVICES.
- TDECU'S MISSION IS TO HELP PEOPLE NAVIGATE THEIR FINANCIAL JOURNEYS. TDECU IS DRIVEN BY A MISSION OF PEOPLE HELPING PEOPLE. CREDIT UNIONS WERE CREATED SO MEMBERS COULD INVEST THEIR SAVINGS TOGETHER, LEND TO ONE ANOTHER, AND OWN A PART IN THE ORGANIZATION - A TRUE DEFINITION OF PEOPLE HELPING PEOPLE.
- TDECU SUPPORTS INITIATIVES THAT HELP LOCAL COMMUNITIES THRIVE THROUGH A FOCUS ON EDUCATIONAL, HEALTH, AND ECONOMIC DEVELOPMENT ALL OF WHICH FORM THE TDECU COMMUNITY ENGAGEMENT PLATFORM.
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
- 74-1260543
- 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)
- $4,768,473,410
- Income (IRS master file)
- $359,913,647
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $357,942,346 | $351,313,029 | $4,768,473,410 | XML |
| 990 | December 2023 | $348,738,510 | $315,843,296 | $4,690,360,790 | XML |
| 990 | December 2022 | $305,738,994 | $271,712,823 | $4,701,048,632 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2014 Officer: David R Allen | December 31, 2014 | ≤ $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 74-1260543).
Questions about TEXAS DOW EMPLOYEES CREDIT UNION
- What is the EIN of TEXAS DOW EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of TEXAS DOW EMPLOYEES CREDIT UNION is 74-1260543.
- Is TEXAS DOW EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to TEXAS DOW EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEXAS DOW EMPLOYEES 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 TEXAS DOW EMPLOYEES 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 TEXAS DOW EMPLOYEES 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 TEXAS DOW EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ISAAC JOHNSON.
- Who are the officers and directors of TEXAS DOW EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 30 people; 30 received compensation from the organization, the highest $1,151,863 (ISAAC JOHNSON, PRESIDENT AND CHIEF EXECUTIVE OFFICER).
- How much revenue does TEXAS DOW EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $357,942,346, expenses of $351,313,029 and total assets of $4,768,473,410 at year end.
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