Nonprofit · EIN 75-0693720
EDUCATION CREDIT UNION
Tax-exempt · AMARILLO, TX 79109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $43,482,287 | $40,355,439 | $3,126,848 | $476,791,783 | $419,358,449 | $57,433,334 |
| December 31, 2024 | 990 | $39,847,189 | $41,557,873 | -$1,710,684 | $467,761,389 | $415,479,953 | $52,281,436 |
| December 31, 2023 | 990 | $37,228,551 | $36,435,953 | $792,598 | $477,792,609 | $423,165,340 | $54,627,269 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $27,966,708
- Investment income
- $4,071,555
- Other revenue
- $11,444,024
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,006,142
- Other salaries and wages
- $6,581,930
- Salaries, compensation and benefits (total)
- $13,265,229
- Professional fundraising fees
- $0
- Legal fees
- $11,822
- Accounting fees
- $139,155
- Occupancy
- $935,590
- Depreciation
- $1,629,059
- Program services (functional)
- $40,355,439
Balance sheet and other
- Total assets, start of year
- $467,761,389
- Total assets, end of year
- $476,791,783
- Total liabilities, end of year
- $419,358,449
- Net assets, end of year
- $57,433,334
- Land, buildings and equipment
- $23,054,820
- Publicly traded securities
- $14,181,298
- Gross unrelated business income
- $91,107
- Gross receipts
- $43,482,287
- Employees
- 206
- Volunteers
- 9
- Year formed
- 1935
- 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 | Other / benefits |
|---|---|---|---|---|
| Marcus Smith | CEO Key employee | 40 | $928,878 | $48,268 |
| Claudia Burkett | President - Canyon Key employee | 40 | $432,526 | $31,623 |
| William Glass | COO Key employee | 40 | $204,832 | $28,915 |
| Michelle Wilson | SVP of HR Key employee | 1 | $181,916 | $19,378 |
| Adrian Aleandre | SVP of Lending Key employee | 40 | $181,916 | $19,378 |
| Ty Cox | CFO Key employee | 40 | $179,768 | $20,142 |
| Jen Ufford | SVP Member Exp Key employee | 40 | $156,485 | $24,412 |
| Amy Hamilton | VP Lending Key employee | 40 | $151,977 | $22,296 |
| Johnny Harris | SVP of Learning & Dev. Highest-paid employee | 40 | $124,934 | $19,611 |
| Matthew Stuart | Mortgage Loan Org Highest-paid employee | 40 | $123,079 | $20,752 |
| Elizabeth Ashe | VP Special Projects Highest-paid employee | 40 | $120,232 | $20,889 |
| Joseph Cowden | Direcor of IT Highest-paid employee | 40 | $110,459 | $19,473 |
| Brittnie Aguirre | Mortgage Manager Highest-paid employee | 40 | $109,140 | $19,390 |
| Linda Purdy | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Steve West | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Quince Cogburn | Treasurer Trustee or director, Officer | 1 | $0 |
| Bionca Tomlinson | Director Trustee or director | 1 | $0 |
| Jimmy Marrs | Director Trustee or director | 1 | $0 |
| Kent Hargis | Director Trustee or director | 1 | $0 |
| Mark Snyder | Director Trustee or director | 1 | $0 |
| Duane Chapman | Director Trustee or director | 1 | $0 |
| Daniel Coward | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Marcus Smith | CEO Key employee | 40 | $630,192 | $52,564 |
| Claudia Burkett | Executive VP Key employee | 40 | $421,238 | $42,183 |
| William Glass | COO Key employee | 40 | $215,252 | $30,219 |
| Adrian Aleandre | SVP of Lending Key employee | 40 | $180,188 | $26,671 |
| Jen Ufford | Compliance Officer Key employee | 40 | $162,247 | $25,254 |
| Amy Hamilton | VP Lending Key employee | 40 | $159,632 | $24,016 |
| Bradley Herbert | SVP of IT Key employee | 40 | $163,314 | $18,298 |
| Johnny Harris | SVP of Learning & Dev. Highest-paid employee | 40 | $129,450 | $21,900 |
| Elizabeth Ashe | VP of Special Projects Highest-paid employee | 40 | $121,576 | $21,068 |
| Joseph Cowden | Director of IT Highest-paid employee | 40 | $116,538 | $20,152 |
| Melissa Gutierrez | Director Retail Operations Highest-paid employee | 40 | $113,585 | $20,331 |
| Brittnie Aguirre | Mortgage Manager Highest-paid employee | 40 | $110,016 | $19,809 |
| Linda Purdy | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Steve West | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Quince Cogburn | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Bionca Tomlinson | Director Trustee or director | 1 | $0 | $0 |
| Jimmy Marrs | Director Trustee or director | 1 | $0 | $0 |
| Kent Hargis | Director Trustee or director | 1 | $0 | $0 |
| Cody Myers | Director Trustee or director | 1 | $0 | $0 |
| Duane Chapman | Director Trustee or director | 1 | $0 | $0 |
| Daniel Coward | Director Trustee or director | 1 | $0 | $0 |
| Mark Snyder | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Marcus Smith | President/CEO Officer, Key employee | 40 | $600,818 | $70,981 |
| Claudia Burkett | Executive VP Officer, Key employee | 40 | $502,460 | $46,157 |
| William Glass | VP of Operations Highest-paid employee | 40 | $219,384 | $28,943 |
| Adrian Aleandre | VP Mortgage Lending Highest-paid employee | 40 | $188,129 | $25,751 |
| Amy Hamilton | VP Lending Officer, Key employee | 40 | $171,464 | $24,481 |
| Melissa Durling | VP of Lending Officer, Key employee | 40 | $173,947 | $17,815 |
| Johnny Harris | VP Branch Operations Highest-paid employee | 40 | $151,583 | $22,858 |
| Jen Ufford | Compliance Officer Officer, Key employee | 40 | $136,359 | $29,586 |
| Beth Ashe | VP Member Exp. Highest-paid employee | 40 | $135,424 | $21,096 |
| Linda Purdy | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Leonida Cleveland | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Kel Spradling | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Steve West | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jimmy Marrs | Director Trustee or director | 1 | $0 | $0 |
| Buddy Stephens | Director Trustee or director | 1 | $0 | $0 |
| Cody Myers | Director Trustee or director | 1 | $0 | $0 |
| Duane Chapman | Director Trustee or director | 1 | $0 | $0 |
| Daniel Coward | Director Trustee or director | 1 | $0 | $0 |
| Mark Snyder | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6203 HILLSIDE RD, AMARILLO, TX 79109-7193
- In care of
- % ACCOUNTING DEPARTMENT/ MARCUS SMI
- Principal officer (990 for 2025)
- Marcus Smith, 6203 Hillside, Amarillo, TX 79109
- Signed the 990
- Marcus Smith, CEO
- Phone
- (806) 358-7777
- Return prepared by
- Greg R Schmidt CPA
Mission
To be the preferred financial services provider for our membership
Program accomplishments
- ECU offers its members federally isured certificates of deposit at competitive rates.
- ECU offers share and deposit products that include savings, checking, health savings, and money market accounts.
- ECU offers IRA products that are federally insured up to $250,000 per depositor, 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
- 75-0693720
- 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)
- $476,791,783
- Income (IRS master file)
- $43,482,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $43,482,287 | $40,355,439 | $476,791,783 | IRS |
| 990 | December 2024 | $39,847,189 | $41,557,873 | $467,761,389 | IRS |
| 990 | December 2023 | $37,228,551 | $36,435,953 | $477,792,609 | XML |
| 990 | December 2022 | $29,329,321 | $26,581,499 | $421,777,858 | 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 75-0693720).
Questions about EDUCATION CREDIT UNION
- What is the EIN of EDUCATION CREDIT UNION?
- The employer identification number (EIN) of EDUCATION CREDIT UNION is 75-0693720.
- Is EDUCATION CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to EDUCATION CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EDUCATION 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 EDUCATION 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 EDUCATION 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 EDUCATION CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Marcus Smith.
- Who are the officers and directors of EDUCATION CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 22 people; 13 received compensation from the organization, the highest $928,878 (Marcus Smith, CEO).
- How much revenue does EDUCATION CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $43,482,287, expenses of $40,355,439 and total assets of $476,791,783 at year end.
Other nonprofits in AMARILLO
- GOLDEN SPREAD ELECTRIC COOPERATIVE INC EIN 75-1941060 · last filed 990 for 2024
- AMERICAN QUARTER HORSE ASSOCIATION EIN 75-0725576 · last filed 990 for 2025
- CAL FARLEYS BOYS RANCH EIN 75-0808768 · last filed 990 for 2025
- CAL FARLEYS BOYS RANCH FOUNDATION EIN 75-1080987 · last filed 990 for 2025
- BAPTIST COMMUNITY SERVICES EIN 75-2206268 · last filed 990 for 2024
- PANHANDLE COMMUNITY SERVICES EIN 75-6049423 · last filed 990 for 2024
- HIGH PLAINS CHRISTIAN MINISTRIES FOUNDATION EIN 75-2639228 · last filed 990 for 2024
- AMARILLO AREA FOUNDATION INC EIN 75-0978220 · last filed 990 for 2024