Nonprofit · EIN 74-1288659
UNITED HERITAGE CREDIT UNION
Tax-exempt · AUSTIN, TX 78720
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $88,248,137 | $81,266,661 | $6,981,476 | $1,599,960,622 | $1,459,581,742 | $140,378,880 |
| December 31, 2023 | 990 | $79,701,411 | $72,467,549 | $7,233,862 | $1,534,688,042 | $1,403,732,234 | $130,955,808 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $79,853,769
- Investment income
- $8,394,368
- Net gain from sales of assets
- $12,848
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $195,501
- Benefits paid to members
- $20,840,436
- Compensation of officers, directors and key employees
- $6,009,411
- Other salaries and wages
- $16,372,953
- Salaries, compensation and benefits (total)
- $27,371,284
- Professional fundraising fees
- $0
- Legal fees
- $113,852
- Accounting fees
- $87,000
- Occupancy
- $5,230,582
- Travel
- $539,442
- Depreciation
- $3,482,174
Balance sheet and other
- Total assets, start of year
- $1,534,688,042
- Total assets, end of year
- $1,599,960,622
- Total liabilities, end of year
- $1,459,581,742
- Net assets, end of year
- $140,378,880
- Land, buildings and equipment
- $71,477,887
- Gross unrelated business income
- $1,292,867
- Gross receipts
- $90,264,116
- Employees
- 283
- Volunteers
- 0
- Year formed
- 1957
- 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 |
|---|---|---|---|---|
| MICHAEL VER SCHUUR | PRESIDENT/CEO Officer | 40 | $1,116,143 | $65,919 |
| SARA VARA | VP HR Key employee | 40 | $603,564 | $45,161 |
| SAMANTHA HESS | COO Officer | 40 | $381,297 | $47,327 |
| NATHAN BROWN | CTO Officer | 40 | $349,334 | $65,564 |
| TROY GARRY | CFO Officer | 40 | $338,494 | $72,139 |
| MATTHEW LYMAN | CLO Officer | 40 | $339,674 | $38,560 |
| DEENA MASSA | VP BRANCH OPERATIONS Key employee | 40 | $270,331 | $47,808 |
| KAREN POLLACK | VP OF DIGITAL Key employee | 40 | $279,954 | $38,087 |
| DIANE BROWN | VP INFO SVCS/CORE SVCS Key employee | 40 | $273,674 | $38,263 |
| REBECCA ELLIOTT | VP FINANCE Key employee | 40 | $257,895 | $47,198 |
| DALE TRIPP | VP OF COMPLIANCE Key employee | 40 | $244,994 | $58,538 |
| JACOB BERNHARD | VP RE LENDING Key employee | 40 | $259,449 | $43,547 |
| JOSHUA ROBLES | VP COMMERCIAL LENDING Key employee | 40 | $246,176 | $32,736 |
| KEVIN FARLEY | VP EXPERIENCE & ENGAGEMENT Key employee | 40 | $233,448 | $16,637 |
| STUART GEHRKE | AVP INFORMATION TECHNOLOGY Highest-paid employee | 40 | $175,041 | $58,952 |
14 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KERI BROWN | AVP PROJECT MANAGEMENT Highest-paid employee | 40 | $198,476 | $31,290 |
| MARK WOODBRIDGE | AVP OF FINANCE Highest-paid employee | 40 | $177,913 | $40,218 |
| CHELSEA SCHRIMPF | AVP MARKETING Highest-paid employee | 40 | $183,858 | $21,610 |
| SARAH SAXON | AVP BRANCH OPERATIONS Highest-paid employee | 40 | $160,618 | $44,072 |
| MICHAEL TREVINO | BOARD MEMBER Trustee or director | 2 | $18,000 | $0 |
| EDWARD CLEMENTS | BOARD MEMBER Trustee or director | 2 | $18,000 | $0 |
| ROBERT HOOTKINS | BOARD MEMBER Trustee or director | 2 | $18,000 | $0 |
| ROBERT SPURCK | BOARD MEMBER Trustee or director | 2 | $18,000 | $0 |
| TOMMY LUEDERS | BOARD MEMBER Trustee or director | 2 | $18,000 | $0 |
| VALENTIN VELASQUEZ | BOARD MEMBER Trustee or director | 2 | $16,500 | $0 |
| AMBER SHAMMAS | BOARD MEMBER Trustee or director | 2 | $16,500 | $0 |
| BRENDA HENRY | BOARD MEMBER Trustee or director | 2 | $16,500 | $0 |
| JACOB GUERRERO | BOARD MEMBER Trustee or director | 2 | $12,000 | $0 |
| HAROLD KEYES | BOARD MEMBER Trustee or director | 4 | $6,000 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILFORD SCHROEDER | PRESIDENT/CEO (PART YEAR) Officer | 40 | $1,183,452 | $48,810 |
| MICHAEL VER SCHUUR | PRESIDENT/CEO Officer | 40 | $975,599 | $64,772 |
| SAMANTHA HESS | COO Officer | 40 | $371,495 | $50,477 |
| SARA VARA | VP HR Key employee | 40 | $328,098 | $46,197 |
| DIANE BROWN | VP INFO SVCS/CORE SVCS Key employee | 40 | $290,791 | $38,497 |
| REBECCA ELLIOTT | VP FINANCE Key employee | 40 | $277,220 | $45,081 |
| KAREN WILKERSON | VP RISK MGT/ISO Key employee | 40 | $274,767 | $43,773 |
| JACOB BERNHARD | VP RE LENDING Key employee | 40 | $274,139 | $42,454 |
| DEENA MASSA | VP BRANCH OPERATIONS Key employee | 40 | $269,614 | $46,607 |
| KRISTIE SIMO | VP CONSUMER LENDING Key employee | 40 | $281,438 | $27,602 |
| JOSHUA ROBLES | VP COMMERCIAL LENDING Key employee | 40 | $261,064 | $34,540 |
| DALE TRIPP | VP OF COMPLIANCE Key employee | 40 | $245,937 | $43,618 |
| KEVIN FARLEY | VP EXPERIENCE & ENGAGEMENT Key employee | 40 | $239,271 | $17,999 |
| STUART GEHRKE | AVP INFORMATION TECHNOLOGY Highest-paid employee | 40 | $167,226 | $57,439 |
| KERI BROWN | AVP PROJECT MANAGEMENT Highest-paid employee | 40 | $189,151 | $27,226 |
| CHARLES SHASKY | AVP LEARNING & DEVELOPMENT Highest-paid employee | 40 | $161,151 | $46,340 |
| KAREN POLLACK | VP OF DIGITAL Key employee | 40 | $190,835 | $9,999 |
| MARK WOODBRIDGE | AVP OF FINANCE Highest-paid employee | 40 | $168,180 | $32,300 |
| CHAD HUDSON | AVP CONSUMER LOAN OPS Highest-paid employee | 40 | $177,638 | $20,684 |
| NATHAN BROWN | CTO Officer | 40 | $159,589 | $8,807 |
| MATTHEW LYMAN | CLO Officer | 40 | $157,004 | $10,106 |
| SEBRINA CRAWFORD | VP OPERATIONS Highest-paid employee | 40 | $148,310 | $7,775 |
| TROY GARRY | CFO Officer | 40 | $67,204 | $0 |
| MICHAEL TREVINO | BOARD MEMBER Trustee or director | 2 | $16,464 | $450 |
| VALENTIN VELASQUEZ | BOARD MEMBER Trustee or director | 2 | $15,765 | $450 |
| EDWARD CLEMENTS | BOARD MEMBER Trustee or director | 2 | $15,065 | $450 |
| HAROLD KEYES | BOARD MEMBER - CHAIRPERSON Trustee or director, Officer | 4 | $14,681 | $450 |
| ROBERT HOOTKINS | BOARD MEMBER Trustee or director | 2 | $13,661 | $450 |
| ROBERT SPURCK | BOARD MEMBER Trustee or director | 2 | $13,000 | $797 |
| AMBER SHAMMAS | BOARD MEMBER Trustee or director | 2 | $13,000 | $450 |
| TOMMY LUEDERS | BOARD MEMBER Trustee or director | 2 | $13,000 | $238 |
| BRENDA HENRY | BOARD MEMBER Trustee or director | 2 | $13,000 | $15 |
Address and contacts
- Address (IRS master file)
- PO BOX 202020, AUSTIN, TX 78720-2020
- Principal officer (990 for 2024)
- MICHAEL VER SCHUUR, PO BOX 202020, AUSTIN, TX 78720
- Signed the 990
- MICHAEL VER SCHUUR, PRESIDENT/CEO
- Phone
- (737) 365-1150
- Website
- WWW.UHCU.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
UHCU PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS AND PROVIDES INSURANCE AND INVESTMENT BROKERAGE SERVICES TO MEMBERS THROUGH THIRD PARTY RELATIONSHIPS.
Program accomplishments
- LOANS: CREDIT UNIONS PROVIDE CONSUMER LOANS OF ALL TYPES, INCLUDING VEHICLE LOANS, UNSECURED LOANS, AND CREDIT CARDS. SOME CREDIT UNIONS OFFER RESIDENTAIL MORTGAGES AND SMALL BUSINESS LOANS. CREDIT UNIONS MAY ALSO OFFER RELATED SERVICES SUCH AS CREDIT, LIFE, OR DISABILITY INSURANCE.
- SHARE SAVINGS ACCOUNTS: ALL CREDIT UNIONS OFFER SHARE SAVINGS ACCOUNTS WHICH PAY DIVIDENDS MONTHLY. MANY CREDIT UNIONS OFFER SPECIAL SAVINGS ACCOUNTS FOR MINORS OR ACCOUNTS FOR HOLIDAY SAVINGS.
- CHECKING ACCOUNTS: CREDIT UNIONS OFFER CHECKING ACCOUNTS WITH VARYING FEATURES, FROM FREE ACCOUNTS TO MONEY MARKET ACCOUNTS. MANY CHECKING ACCOUNTS HAVE ATM ACCESS, DEBIT CARD ACCESS, AS WELL AS ON-LINE BENEFITS, SUCH AS BILL PAYING.
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
- 74-1288659
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1960
- 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)
- $1,599,960,622
- Income (IRS master file)
- $90,264,116
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $88,248,137 | $81,266,661 | $1,599,960,622 | XML |
| 990 | December 2023 | $79,701,411 | $72,467,549 | $1,534,688,042 | XML |
| 990 | December 2022 | $66,954,834 | $49,976,961 | $1,520,494,758 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 74-1288659).
Questions about UNITED HERITAGE CREDIT UNION
- What is the EIN of UNITED HERITAGE CREDIT UNION?
- The employer identification number (EIN) of UNITED HERITAGE CREDIT UNION is 74-1288659.
- Is UNITED HERITAGE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1960.
- Are donations to UNITED HERITAGE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UNITED HERITAGE 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 UNITED HERITAGE 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 UNITED HERITAGE 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 UNITED HERITAGE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MICHAEL VER SCHUUR.
- Who are the officers and directors of UNITED HERITAGE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 29 people; 29 received compensation from the organization, the highest $1,116,143 (MICHAEL VER SCHUUR, PRESIDENT/CEO).
- How much revenue does UNITED HERITAGE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $88,248,137, expenses of $81,266,661 and total assets of $1,599,960,622 at year end.
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