Nonprofit · EIN 75-0225045
CREDIT UNION OF TEXAS
Also known as Delta Kappa Gamma Tau Chapter
Tax-exempt · ALLEN, TX 75013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $218,115,019 | $208,767,480 | $9,347,539 | $2,541,111,199 | $2,357,400,807 | $183,710,392 |
| December 31, 2023 | 990 | $187,593,111 | $177,028,470 | $10,564,641 | $2,510,763,982 | $2,336,690,186 | $174,073,796 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $201,727,840
- Investment income
- $1,604,394
- Net rental income
- $2,485,402
- Net gain from sales of assets
- -$22,017
- Other revenue
- $14,782,785
Expenses
- Grants and similar amounts paid
- $222,073
- Benefits paid to members
- $1,581,197
- Compensation of officers, directors and key employees
- $7,572,087
- Other salaries and wages
- $36,167,014
- Salaries, compensation and benefits (total)
- $51,786,797
- Professional fundraising fees
- $0
- Legal fees
- $1,097,723
- Accounting fees
- $232,189
- Occupancy
- $8,137,562
- Travel
- $1,047,121
- Depreciation
- $8,505,563
Balance sheet and other
- Total assets, start of year
- $2,510,763,982
- Total assets, end of year
- $2,541,111,199
- Total liabilities, end of year
- $2,357,400,807
- Net assets, end of year
- $183,710,392
- Land, buildings and equipment
- $112,815,490
- Publicly traded securities
- $16,312,447
- Gross unrelated business income
- $69,621
- Gross receipts
- $218,729,272
- Employees
- 752
- Volunteers
- 0
- Year formed
- 1931
- 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 |
|---|---|---|---|---|
| VANCE E POINTER | PRESIDENT AND CEO Officer | 40 | $2,052,924 | $411,039 |
| COURTNEY L COSS | CHIEF RETAIL OFFICER Key employee | 40 | $577,146 | $128,231 |
| KERRY J WHITSON | CHIEF FINANCIAL OFFICER Officer | 40 | $545,549 | $151,633 |
| EDWIN F ARMY | CHIEF MARKETING/ENGAGEMENT Key employee | 40 | $423,271 | $235,042 |
| JAMES W POST | CHIEF FACILITIES OFFICER Key employee | 40 | $419,839 | $222,004 |
| MICHAEL VINING | CHIEF INFORMATION OFFICER Key employee | 40 | $482,861 | $156,499 |
| ANGELA M FAUST | SVP CHIEF OPERATIONS OFFICER Key employee | 40 | $484,722 | $143,351 |
| ADRIAN MELENDEZ | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $366,511 | $159,292 |
| JAMES T PACE | VICE PRESIDENT - COLLECTIONS Highest-paid employee | 40 | $353,090 | $43,268 |
| ROCKY A MUNIZ-GONZALEZ | CHIEF INVESTMENT OFFICER Key employee | 40 | $335,785 | $23,912 |
| BARRY R SMITH | PRESIDENT EASTERN TEXAS Key employee | 40 | $302,488 | $50,756 |
| CHRISTOPHER D MURPHY | CHIEF RISK OFFICER Key employee | 40 | $291,725 | $23,062 |
| KRISTIE H SIMO | CHIEF LENDING OFFICER Highest-paid employee | 40 | $283,725 | $8,187 |
| MATTHEW E STEWART | MORTGAGE SALES TEAM LEAD Highest-paid employee | 40 | $248,602 | $31,641 |
| BILL BEAUCHENE | MANAGER SALESFORCE Highest-paid employee | 40 | $230,433 | $35,785 |
12 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD B WHITMAN | PRESIDENT - TML Highest-paid employee | 40 | $247,995 | $9,007 |
| JANIE WORST | BOD MEMBER Trustee or director | 1 | $59,536 | $0 |
| TROY A MATHIEU | CHAIRPERSON Trustee or director | 1 | $59,019 | $0 |
| ADRIAN WILLIAMS | BOD TREASURER Trustee or director | 1 | $57,908 | $0 |
| MARELOU M CISNEROS | BOD MEMBER Trustee or director | 1 | $56,376 | $0 |
| LISA WELLBORN | BOD MEMBER Trustee or director | 1 | $56,368 | $0 |
| ANTHONY U BARBER | BOD MEMBER Trustee or director | 1 | $55,686 | $0 |
| JERRY D CHRISTIAN | BOD MEMBER Trustee or director | 1 | $55,298 | $0 |
| RANDALL CHADDICK | BOD MEMBER Trustee or director | 1 | $54,948 | $0 |
| CHRIS L WHITE | BOD SECRETARY Trustee or director | 1 | $54,598 | $0 |
| BRIAN HARVEY | BOD MEMBER Trustee or director | 1 | $51,150 | $0 |
| RAFAEL C DIAZ | BOD VICE CHAIRPERSON Trustee or director | 1 | $41,348 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VANCE E POINTER | PRESIDENT AND CEO Officer | 40 | $2,095,068 | $437,280 |
| BLAKE RICHARDSON | EXECUTIVE VP Key employee | 40 | $1,441,463 | $3,462 |
| JAMES W POST | CHIEF FACILITIES OFFICER Key employee | 40 | $539,337 | $82,451 |
| ANGELA M FAUST | SVP CHIEF OPERATIONS OFFIC Key employee | 40 | $459,520 | $131,556 |
| KERRY J WHITSON | CHIEF FINANCIAL OFFICER Officer | 40 | $418,769 | $132,404 |
| COURTNEY L COSS | CHIEF RETAIL OFFICER Key employee | 40 | $387,053 | $162,005 |
| EDWIN F ARMY | CHIEF MARKETING/ENGAGEMENT Key employee | 40 | $361,415 | $137,420 |
| MICHAEL VINING | CHIEF INFORMATION OFFICER Key employee | 40 | $290,696 | $156,250 |
| ADRIAN MELENDEZ | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $250,578 | $131,966 |
| CARRIE B HOAGENSON | VP CONSUMER LENDING Highest-paid employee | 40 | $327,700 | $36,675 |
| BARRY R SMITH | PRESIDENT EASTERN TEXAS Key employee | 40 | $307,512 | $50,028 |
| ROCKY A MUNIZ-GONZALEZ | CHIEF INVESTMENT OFFICER Key employee | 40 | $324,306 | $26,622 |
| CHRISTOPHER D MURPHY | CHIEF RISK OFFICER Highest-paid employee | 40 | $269,597 | $24,702 |
| BILL BEAUCHENE | MANAGER SALESFORCE Highest-paid employee | 40 | $227,731 | $38,394 |
| RICHARD B WHITMAN | PRESIDENT TEXAS MORTGAGE L Highest-paid employee | 40 | $250,542 | $7,880 |
| REVANTH REDDY BAIRI | HEAD OF DIGITAL DATA ANALYTIC Highest-paid employee | 40 | $229,981 | $22,062 |
| JANIE WORST | CHAIRPERSON Trustee or director | 1 | $58,955 | $0 |
| RAFAEL C DIAZ | BOD TREASURER Trustee or director | 1 | $58,851 | $0 |
| CHRIS L WHITE | BOD MEMBER Trustee or director | 1 | $54,278 | $0 |
| ANTHONY U BARBER | BOD MEMBER Trustee or director | 1 | $53,928 | $0 |
| JERRY D CHRISTIAN | BOD MEMBER Trustee or director | 1 | $52,878 | $0 |
| TROY A MATHIEU | BOD VICE CHAIRPERSON Trustee or director | 1 | $52,641 | $0 |
| MARELOU M CISNEROS | BOD SECRETARY Trustee or director | 1 | $52,207 | $0 |
| ADRIAN WILLIAMS | BOD MEMBER Trustee or director | 1 | $51,478 | $0 |
| RANDALL CHADDICK | BOD MEMBER Trustee or director | 1 | $51,128 | $0 |
| LISA WELLBORN | BOD MEMBER Trustee or director | 1 | $42,354 | $0 |
| BRIAN HARVEY | BOD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 900 W BETHANY DR STE 500, ALLEN, TX 75013-3834
- In care of
- % CRYSTAL BOLIN
- Mailing address (990-N for 2007)
- 1426 Del Carlo, Seagoville TX 75159
- Principal officer (990 for 2024)
- VANCE E POINTER, 900 W BETHANY DRIVE 500, ALLEN, TX 75013
- Principal officer (990-N for 2007)
- Sharon Morrow President Tau Chapte, 4400 W University Blvd 3208, Dallas TX 75209
- Signed the 990
- KERRY WHITSON, CHIEF FINANCIAL OFFICER
- Phone
- (972) 263-9497
- Website
- WWW.CUTX.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS AND OUR COMMUNITY. WE STRIVE TO IDENTIFY OUR MEMBERS' NEEDS AND OFFER PROGRESSIVE SOLUTIONS BY OFFERING COMPETITIVE PRODUCTS AND PRICES TO ALLOW MEMBERS TO REACH THEIR GOALS.
Program accomplishments
- CONSUMER AND COMMERCIAL LOANS AND LEASES: CREDIT UNION OF TEXAS OFFERS VARIOUS CONSUMER LOAN PRODUCTS TO OUR MEMBERS. THESE ARE CLOSED-END LOANS THAT INCLUDE NEW AND USED AUTOMOBILES, MOTORCYCLES, BOATS AND RECREATIONAL VEHICLES AND MOTOR HOMES AS WELL AS UNSECURED LOANS AND CREDIT CARDS, AND AUTOMOBILE LEASES. VARIOUS INSURANCE PROGRAMS ARE ALSO OFFERED ON THESE PRODUCTS.
- CERTIFICATES OF DEPOSITS (CDS) AND INDIVIDUAL RETIREMENT ACCOUNT CERTIFICATES (IRAS): CREDIT UNION OF TEXAS OFFERS CDS AND IRAS FOR OUR MEMBERS TO INVEST IN BOTH SHORT AND LONG TERM INVESTMENT VEHICLES AT A GUARANTEED RATE OF RETURN. INTEREST RATES ARE TYPICALLY COMPETITIVE, COMPOUNDED, AND CREDITED MONTHLY.
- SHARE ACCOUNTS: CREDIT UNION OF TEXAS HAS A MINIMUM $5.00 SHARE ACCOUNT BALANCE REQUIREMENT AND A ONE TIME $10.00 MEMBERSHIP FEE. MEMBER SHARE ACCOUNTS MAY PAY A MONTHLY DIVIDEND. THESE "SAVINGS" ACCOUNTS ARE PAID A COMPETITIVE RATE TO BENEFIT OUR MEMBERS. CREDIT UNION OF TEXAS HAD APPROXIMATELY 169,000 MEMBERS AS OF DECEMBER 31, 2024. SPECIAL SHARE ACCOUNTS ARE AVAILABLE FOR CHILDREN, SPECIAL OCCASIONS, AND HOLIDAY SAVINGS.
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
- 75-0225045
- 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)
- $2,541,111,199
- Income (IRS master file)
- $218,729,272
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $218,115,019 | $208,767,480 | $2,541,111,199 | IRS |
| 990 | December 2023 | $187,593,111 | $177,028,470 | $2,510,763,982 | XML |
| 990 | December 2022 | $136,553,125 | $118,258,471 | $2,425,361,703 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2007 Officer: Sharon Morrow President Tau Chapte | December 31, 2007 | ≤ $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 75-0225045).
Questions about CREDIT UNION OF TEXAS
- What is the EIN of CREDIT UNION OF TEXAS?
- The employer identification number (EIN) of CREDIT UNION OF TEXAS is 75-0225045.
- Is CREDIT UNION OF TEXAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to CREDIT UNION OF TEXAS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNION OF TEXAS 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 CREDIT UNION OF TEXAS 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 CREDIT UNION OF TEXAS 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 CREDIT UNION OF TEXAS?
- The 990 for the year ended December 31, 2024 names VANCE E POINTER.
- Who are the officers and directors of CREDIT UNION OF TEXAS?
- The 990 for the year ended December 31, 2024 lists 27 people; 27 received compensation from the organization, the highest $2,052,924 (VANCE E POINTER, PRESIDENT AND CEO).
- How much revenue does CREDIT UNION OF TEXAS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $218,115,019, expenses of $208,767,480 and total assets of $2,541,111,199 at year end.
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