Nonprofit · EIN 74-1315220
PORT OF HOUSTON CREDIT UNION
Tax-exempt · HOUSTON, TX 77029
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $634,497 | $511,150 | $123,347 | $7,877,950 | $5,330,534 | $2,547,416 |
| December 31, 2024 | 990 | $652,819 | $485,661 | $167,158 | $8,683,002 | $6,258,933 | $2,424,069 |
| December 31, 2023 | 990 | $578,288 | $481,923 | $96,365 | $8,695,288 | $6,438,375 | $2,256,913 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $525,849
- Investment income
- $108,648
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $164,110
- Other salaries and wages
- $92,131
- Salaries, compensation and benefits (total)
- $317,393
- Professional fundraising fees
- $0
- Legal fees
- $25
- Accounting fees
- $3,438
- Occupancy
- $310
- Depreciation
- $4,830
- Program services (functional)
- $511,150
Balance sheet and other
- Total assets, start of year
- $8,683,002
- Total assets, end of year
- $7,877,950
- Total liabilities, end of year
- $5,330,534
- Net assets, end of year
- $2,547,416
- Land, buildings and equipment
- $11,083
- Gross unrelated business income
- $1,003
- Gross receipts
- $634,497
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1956
- 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 |
|---|---|---|---|
| KAROL HARVEY | FORMER PRESIDENT/CEO Key employee, Highest-paid employee | 40 | $110,818 |
| ASHLEY WILSON | PRESIDENT/CEO Key employee | 40 | $53,292 |
| ALTON LANDRY | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| BOBBY WISNOWSKI | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| LAMELLE HUNTER | TREASURER Trustee or director, Officer | 0.5 | $0 |
| TERRI HALL | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DAVID DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DANA BLUME | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ERIC LeBEAUX | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STACY JOSEPH | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAROL HARVEY | PRESIDENT/CEO Key employee, Highest-paid employee | 40 | $91,309 |
| ALTON LANDRY | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| BOBBY WISNOWSKI | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| LAMELLE HUNTER | TREASURER Trustee or director, Officer | 0.5 | $0 |
| TERRI HALL | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DAVID DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DANA BLUME | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ERIC LeBEAUX | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STACY JOSEPH | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAROL HARVEY | PRESIDENT CEO Key employee, Highest-paid employee | 40 | $75,820 |
| ALTON LANDRY | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| BOBBY WISNOWSKI | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| LAMELLE HUNTER | TREASURER Trustee or director, Officer | 0.5 | $0 |
| DALE THOMPSON | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DAVID DAVIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TERRI HALL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ERIC LEBEAUX | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 111 EAST LOOP N, HOUSTON, TX 77029-4326
- In care of
- % KAROL HARVEY
- Principal officer (990 for 2025)
- KAROL HARVEY, 111 EAST LOOP NORTH, HOUSTON, TX 77029
- Signed the 990
- KAROL HARVEY, PRESIDENT/CEO
- Phone
- (713) 670-2424
- Return prepared by
- Greg R Schmidt CPA
Mission
TO PROVIDE OUR MEMBERS THE BEST POSSIBLE FINANCIAL SERVICES AT COMPETITIVE RATES
Program accomplishments
- PORT OF HOUSTON OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITIVE RATES
- PORT OF HOUSTON OFFERS 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
- 74-1315220
- 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)
- $7,877,950
- Income (IRS master file)
- $634,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $634,497 | $511,150 | $7,877,950 | IRS |
| 990 | December 2024 | $652,819 | $485,661 | $8,683,002 | XML |
| 990 | December 2023 | $578,288 | $481,923 | $8,695,288 | XML |
| 990 | December 2022 | $517,878 | $422,098 | $8,645,826 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 74-1315220).
Questions about PORT OF HOUSTON CREDIT UNION
- What is the EIN of PORT OF HOUSTON CREDIT UNION?
- The employer identification number (EIN) of PORT OF HOUSTON CREDIT UNION is 74-1315220.
- Is PORT OF HOUSTON CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to PORT OF HOUSTON CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORT OF HOUSTON 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 PORT OF HOUSTON 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 PORT OF HOUSTON 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 PORT OF HOUSTON CREDIT UNION?
- The 990 for the year ended December 31, 2025 names KAROL HARVEY.
- Who are the officers and directors of PORT OF HOUSTON CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 10 people; 2 received compensation from the organization, the highest $110,818 (KAROL HARVEY, FORMER PRESIDENT/CEO).
- How much revenue does PORT OF HOUSTON CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $634,497, expenses of $511,150 and total assets of $7,877,950 at year end.
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