Nonprofit · EIN 74-1473230
1ST UNIVERSITY CREDIT UNION
Tax-exempt · WACO, TX 76706
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,443,435 | $1,412,205 | $31,230 | $17,584,588 | $15,767,099 | $1,817,489 |
| December 31, 2023 | 990 | $1,574,767 | $1,554,487 | $20,280 | $19,538,513 | $17,689,901 | $1,848,612 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,394,064
- Investment income
- $49,371
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $115,000
- Other salaries and wages
- $453,094
- Salaries, compensation and benefits (total)
- $640,214
- Professional fundraising fees
- $0
- Legal fees
- -$9,054
- Accounting fees
- $29,317
- Occupancy
- $89,875
- Travel
- $19,321
- Depreciation
- $21,783
Balance sheet and other
- Total assets, start of year
- $19,538,513
- Total assets, end of year
- $17,584,588
- Total liabilities, end of year
- $15,767,099
- Net assets, end of year
- $1,817,489
- Land, buildings and equipment
- $613,402
- Gross receipts
- $1,443,435
- Employees
- 13
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Hood | President/CEO Key employee, Highest-paid employee | 40 | $115,000 |
| Adonna Cook | Director Trustee or director | 1 | $0 |
| Stan Denman | Director Trustee or director | 1 | $0 |
| Pearl Beverly | Director Trustee or director | 1 | $0 |
| Jorge Vielledent | Treasurer Trustee or director, Officer | 1 | $0 |
| Elizabeth Wallace | Director Trustee or director | 1 | $0 |
| Randy Wood | Chairman Officer | 1 | $0 |
| Kevin Robinson | Vice-Chairman Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Parker | President/CEO Officer, Highest-paid employee | 40 | $98,648 |
| Randy Wood | Chairman Trustee or director | 1 | $0 |
| Kevin Robinson | Vice-Chairman Trustee or director | 1 | $0 |
| Sean McMahon | Treasurer Trustee or director | 1 | $0 |
| Adonna Cook | Director Trustee or director | 1 | $0 |
| Stan Denman | Director Trustee or director | 1 | $0 |
| Pearl Beverly | Director Trustee or director | 1 | $0 |
| Jorge Vielledent | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 24 LASALLE AVE UNITE C, WACO, TX 76706-6416
- In care of
- % ETHEL JENNINGS
- Mailing address (990-N for 2009)
- 605 S University Parks Drive, Waco TX 76706
- Principal officer (990 for 2024)
- Kevin Hood, 24 LaSalle Ave Unit C, Waco, TX 76706
- Principal officer (990-N for 2009)
- Gary Parker, 605 S University Parks Dr, Waco TX 76705
- Signed the 990
- Kevin Hood, President/CEO
- Phone
- (254) 752-2797
- Website
- www.culink.net
Mission
Cooperative provider of Credit Union financial services.
Program accomplishments
- None
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
- 74-1473230
- 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)
- $17,584,588
- Income (IRS master file)
- $1,443,435
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,443,435 | $1,412,205 | $17,584,588 | IRS |
| 990 | December 2023 | $1,574,767 | $1,554,487 | $19,538,513 | XML |
| 990 | December 2022 | $1,282,500 | $1,182,536 | $17,195,786 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: Gary Parker | December 31, 2009 | ≤ $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 74-1473230).
Questions about 1ST UNIVERSITY CREDIT UNION
- What is the EIN of 1ST UNIVERSITY CREDIT UNION?
- The employer identification number (EIN) of 1ST UNIVERSITY CREDIT UNION is 74-1473230.
- Is 1ST UNIVERSITY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to 1ST UNIVERSITY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 1ST UNIVERSITY 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 1ST UNIVERSITY 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 1ST UNIVERSITY 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 1ST UNIVERSITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Kevin Hood.
- Who are the officers and directors of 1ST UNIVERSITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $115,000 (Kevin Hood, President/CEO).
- How much revenue does 1ST UNIVERSITY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,443,435, expenses of $1,412,205 and total assets of $17,584,588 at year end.
Other nonprofits in WACO
- BAYLOR UNIVERSITY EIN 74-1159753 · last filed 990-N for 2024
- BRAZOS ELECTRIC POWER COOPERATIVE INC EIN 74-0524729 · last filed 990 for 2024
- METHODIST CHILDRENS HOME EIN 74-1109750 · last filed 990 for 2025
- HEART OF TEXAS COMMUNITY HEALTH CENTER INC EIN 74-2867580 · last filed 990 for 2024
- BRAZOS EDUCATION LOAN AUTHORITY INC EIN 20-3868073 · last filed 990 for 2025
- BRAZOS HIGHER EDUCATION AUTHORITY INC EIN 74-2099402 · last filed 990 for 2025
- EDUCATION SERVICE CENTER REGION XII OF TEXAS EIN 74-1586927 · last filed 990 for 2025
- TEXAS FARM BUREAU EIN 74-1145986 · last filed 990 for 2024