Nonprofit · EIN 74-1397874
BRAZOS VALLEY SCHOOLS CREDIT UNION
Also known as College Station Education Association
Tax-exempt · KATY, TX 77494
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $50,032,287 | $47,410,375 | $2,621,912 | $975,004,017 | $879,044,347 | $95,959,670 |
| December 31, 2023 | 990 | $45,539,811 | $44,407,428 | $1,132,383 | $961,668,793 | $868,804,630 | $92,864,163 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $39,161,416
- Investment income
- $10,788,286
- Net rental income
- $82,585
- Other revenue
- $82,585
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $851,433
- Other salaries and wages
- $10,045,297
- Salaries, compensation and benefits (total)
- $13,923,872
- Professional fundraising fees
- $0
- Legal fees
- $17,769
- Accounting fees
- $200,651
- Occupancy
- $1,619,834
- Travel
- $84,928
- Depreciation
- $1,351,005
Balance sheet and other
- Total assets, start of year
- $961,668,793
- Total assets, end of year
- $975,004,017
- Total liabilities, end of year
- $879,044,347
- Net assets, end of year
- $95,959,670
- Land, buildings and equipment
- $28,802,563
- Publicly traded securities
- $334,621,376
- Gross unrelated business income
- $42,840
- Gross receipts
- $50,032,287
- Employees
- 219
- Volunteers
- 7
- Year formed
- 1954
- 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 |
|---|---|---|---|---|
| YVONNE KERSHNER | PRESIDENT/CEO Officer | 40 | $568,097 | $29,893 |
| COURTNEY POOLE | CFO Officer | 40 | $232,511 | $20,932 |
| JON HARTMAN | VP IT Highest-paid employee | 40 | $170,863 | $35,706 |
| CHRISTINA FRITH | CMEO Highest-paid employee | 40 | $178,008 | $12,341 |
| JAMES CUSHING | VP OPERATIONS Highest-paid employee | 40 | $164,023 | $17,971 |
| ANDREA MAESTRETTI | VP HUMAN RESOURCES Highest-paid employee | 40 | $156,342 | $17,860 |
| CHELSEA WOOTEN | VP LENDING Highest-paid employee | 40 | $146,677 | $17,042 |
| MICHAEL GRIFFIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY KUBELKA | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| VICKI DELGADO | SECRETARY Trustee or director | 1 | $0 | $0 |
| A MELVIN NASH | TREASURER Trustee or director | 1 | $0 | $0 |
| STEPHEN SADLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MADDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OD TOMPKINS | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YVONNE KERSHNER | PRESIDENT/CEO Officer | 40 | $543,750 | $27,901 |
| COURTNEY POOLE | CFO Officer | 40 | $238,139 | $20,637 |
| CHRISTINA FRITH | CMEO Highest-paid employee | 40 | $220,320 | $19,019 |
| JAMES CUSHING | VP OPERATIONS Highest-paid employee | 40 | $157,100 | $17,111 |
| DIANE DAVIS | VP BRANCH OPERATIONS Highest-paid employee | 40 | $140,115 | $31,333 |
| ANDREA MAESTRETTI | VP HUMAN RESOURCES Highest-paid employee | 40 | $148,788 | $17,111 |
| CHELSEA WOOTEN | VP LENDING Highest-paid employee | 40 | $136,884 | $21,956 |
| MICHAEL GRIFFIN | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| KATHY KUBELKA | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| VICKI DELGADO | SECRETARY Trustee or director | 1 | $0 | $0 |
| A MELVIN NASH | TREASURER Trustee or director | 1 | $0 | $0 |
| JOE SIMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MADDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OD TOMPKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 25525 KATY MILLS PKWY, KATY, TX 77494-2663
- Mailing address (990-N for 2011)
- 5201 Bourrone Court, Bryan TX 77802
- Principal officer (990 for 2024)
- YVONNE KERSHNER, 25525 KATY MILLS PWKY, KATY, TX 77494
- Principal officer (990-N for 2011)
- Mary Jean Holcomb, 5201 Bourrone Court, Bryan TX 77802
- Signed the 990
- YVONNE KESHNER, CEO
- Phone
- (281) 391-2149
- Website
- WWW.BVSCU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
A TRUSTED FINANCIAL PARTNER IN PROVIDING COST-EFFICIENT, HIGH-QUALITY PRODUCTS AND SERVICES.
Program accomplishments
- SHARE ACCOUNTS: BRAZOS VALLEY SCHOOLS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 64,105 MEMBER-OWNED ACCOUNTS AS OF DECEMBER 31, 2024. MEMBER SAVINGS DIVIDENDS ARE PAID QUARTERLY. SHARE ACCOUNTS ARE ACCESSED THROUGH THE BRANCH OFFICES, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. THE CREDIT UNION ENCOURAGES THE USE OF AUTOMATED PAYROLL DEPOSITS INTO THE ACCOUNTS TO DEVELOP CONSISTENT SAVINGS HABITS.
- CHECKING ACCOUNTS: BRAZOS VALLEY SCHOOLS CREDIT UNION OFFERS FIVE TYPES OF CHECKING ACCOUNTS TO OUR MEMBERS: (1) MONEY MARKET (2) DIVIDEND BEARING (3) SERVICE CHARGE FREE (4) STUDENT CHECKING AND (5) RESTART CHECKING ACCOUNT. THE MONEY MARKET AND DIVIDEND BEARING CHECKING ACCOUNTS PAY DIVIDENDS MONTHLY. THE SERVICE CHARGE FREE AND STUDENT CHECKING DO NOT PAY DIVIDENDS. THE RESTART CHECKING DOES NOT PAY DIVIDENDS AND IT CHARGES A MONTHLY FEE. MEMBERS WITH CHECKING ACCOUNTS ARE OFFERED FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, FREE MOBILE BANKING, AND FREE USE OF INTERNET BILL PAYER PLATFORM.
- CONSUMER LOANS: BRAZOS VALLEY SCHOOLS CREDIT UNION OFFERS BOTH PERSONAL CONSUMER LOANS AND REAL ESTATE LOANS TO OUR MEMBERS. THE PERSONAL CONSUMER LOANS INCLUDE: SIGNATURE LOANS, CREDIT CARDS, LINE-OF-CREDIT LOANS AND SHARE/CERTIFICATE SECURED LOANS, OTHER SECURED LOANS AND AUTO LOANS. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ALL PERSONAL CONSUMER LOANS. THE REAL ESTATE LOANS INCLUDE: LAND, CONSTRUCTION, FIRST LIEN MORTGAGE, HOME IMPROVEMENT AND HOME EQUITY, INCLUDING HOME EQUITY LINE OF CREDIT. REAL ESTATE LOANS ARE SERVICED IN-HOUSE WITH ESCROW ACCOUNT SERVICES PROVIDED ON ALL FIRST LIEN MORTGAGES.
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
- 74-1397874
- 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)
- $975,004,017
- Income (IRS master file)
- $50,032,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $50,032,287 | $47,410,375 | $975,004,017 | XML |
| 990 | December 2023 | $45,539,811 | $44,407,428 | $961,668,793 | XML |
| 990 | December 2022 | $44,696,240 | $31,045,794 | $984,706,285 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2011 Officer: Mary Jean Holcomb | December 31, 2011 | ≤ $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 74-1397874).
Questions about BRAZOS VALLEY SCHOOLS CREDIT UNION
- What is the EIN of BRAZOS VALLEY SCHOOLS CREDIT UNION?
- The employer identification number (EIN) of BRAZOS VALLEY SCHOOLS CREDIT UNION is 74-1397874.
- Is BRAZOS VALLEY SCHOOLS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to BRAZOS VALLEY SCHOOLS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BRAZOS VALLEY SCHOOLS 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 BRAZOS VALLEY SCHOOLS 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 BRAZOS VALLEY SCHOOLS 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 BRAZOS VALLEY SCHOOLS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names YVONNE KERSHNER.
- Who are the officers and directors of BRAZOS VALLEY SCHOOLS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 14 people; 7 received compensation from the organization, the highest $568,097 (YVONNE KERSHNER, PRESIDENT/CEO).
- How much revenue does BRAZOS VALLEY SCHOOLS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $50,032,287, expenses of $47,410,375 and total assets of $975,004,017 at year end.
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