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Nonprofit · EIN 75-0796472

WORTH CREDIT UNION

Tax-exempt · BEDFORD, TX 76021

Financials

$61.1M$54.5M2023$68.3M$58.8M2024
Revenue Expenses · by fiscal year end
Financials of WORTH CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$68,284,998$58,781,622$9,503,376$1,224,541,959$1,099,823,060$124,718,899
December 31, 2023990$61,144,057$54,450,409$6,693,648$1,206,269,215$1,091,053,692$115,215,523
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$51,872,206
Investment income
$16,257,373
Net gain from sales of assets
$5,989
Other revenue
$155,419

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$4,502,752
Other salaries and wages
$9,434,286
Salaries, compensation and benefits (total)
$18,040,297
Professional fundraising fees
$0
Legal fees
$39,234
Accounting fees
$553,669
Occupancy
$1,314,457
Depreciation
$1,192,866

Balance sheet and other

Total assets, start of year
$1,206,269,215
Total assets, end of year
$1,224,541,959
Total liabilities, end of year
$1,099,823,060
Net assets, end of year
$124,718,899
Land, buildings and equipment
$24,422,238
Publicly traded securities
$342,687,783
Gross unrelated business income
$45,873
Gross receipts
$71,431,326
Employees
213
Volunteers
9
Year formed
1940
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.

NameTitleHours / weekCompensationOther / benefits
DIANE DORSEYPRESIDENT/CEO
Officer
40$477,383$52,961
KOSTAS LEUCKERINVESTMENT CONSULTANT
Highest-paid employee
40$428,294$58,155
MICHAEL FRANKOSVP FINANCE
Officer
40$359,552$34,810
TAMMY TRUDELLEVP HUMAN RESOURCES
Officer
40$293,727$41,354
MERRILL CURRIERVP INFORMATION TECHNOLOGY
Officer
40$222,205$41,499
DOUG BEDNERVP LENDING
Officer
40$252,739$1,627
VALERIE GROSSKURTHVP PAYMENT SYSTEMS & RISK MANAGEMENT
Officer
40$199,611$40,143
JOHNNY NEIL SPENCERVP SUPPORT SERVICES
Officer
40$180,449$45,470
KAREN MARTINEZVP OPERATIONS
Officer
40$183,322$35,672
GINDA ABRAHAMFMR AVP ACCOUNTING (UNTIL 7/26/24)
Highest-paid employee
40$189,615$15,441
BRANDY SCARLETTVP MARKETING
Officer
40$144,867$42,856
SHELIA HAILEYAVP REAL ESTATE
Highest-paid employee
40$132,456$31,973
LISA PIPPINAVP LENDING
Highest-paid employee
40$132,649$21,007
TERRI BOOPAVP BRANCH OPERATIONS
Highest-paid employee
40$142,810$9,996
LEIGHTON WATERSBOARD MEMBER
Trustee or director
2$3,665$0
9 more people on this return
NameTitleHours / weekCompensation
MICHAEL CLARDYBOARD MEMBER-SECRETARY/TREASURER
Trustee or director, Officer
2$2,554
JUDE KIAHBOARD MEMBER
Trustee or director
2$1,500
CHARLES REDDINGBOARD MEMBER-CHAIR
Trustee or director, Officer
2$1,500
CHASITY CRAWLEYBOARD MEMBER
Trustee or director
2$1,375
TUNISIA SADRUDDINBOARD MEMBER-VICE CHAIR
Trustee or director, Officer
2$1,375
JANICE GRACZYKBOARD MEMBER
Trustee or director
2$1,250
TOMAS TIJERINABOARD MEMBER
Trustee or director
2$1,250
JOSEPH LOZANOFMR BOARD MEMBER (UNTIL 2024)
Trustee or director
2$500
LOUISE MOLINARBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 26 people
NameTitleHours / weekCompensationOther / benefits
DIANE DORSEYPRESIDENT/CEO
Officer
40$459,583$52,429
MICHAEL FRANKOSVP FINANCE
Officer
40$335,971$36,642
KYLE KOKESVP LENDING
Officer
40$313,712$32,838
KOSTAS LEUCKERINVESTMENT CONSULTANT
Highest-paid employee
40$280,673$53,335
TAMMY TRUDELLEVP HUMAN RESOURCES
Officer
40$276,042$40,139
VALERIE GROSSKURTHVP PAYMENT SYSTEMS & RISK MANAGEMENT
Officer
40$190,964$39,247
NEIL SPENCERVP SUPPORT SERVICES
Officer
40$169,455$44,728
KAREN MARTINEZVP OPERATIONS
Officer
40$166,578$34,580
GINDA ABRAHAMAVP ACCOUNTING
Highest-paid employee
40$163,392$23,042
BRANDY SCARLETTVP MARKETING
Officer
40$136,683$42,343
SHELIA HAILEYAVP REAL ESTATE
Highest-paid employee
40$124,333$31,390
LISA PIPPINAVP LENDING
Highest-paid employee
40$126,423$20,662
TERRI BOOPAVP BRANCH OPERATIONS
Highest-paid employee
40$134,459$9,546
MERRILL CURRIERVP INFORMATION SERVICES
Officer
40$114,065$16,873
MATT MEYERSVP OF INFO SVCS (UNTIL APR 2023)
Officer
40$76,167$10,825
CHARLES REDDINGBOARD MEMBER-VICE CHAIR
Trustee or director, Officer
2$2,602$0
LEIGHTON WATERSBOARD MEMBER
Trustee or director
2$2,522$0
JOSEPH LOZANOBOARD MEMBER
Trustee or director
2$1,893$0
MICHAEL CLARDYBOARD MEMBER-SECRETARY-TREASURER
Trustee or director, Officer
2$1,500$0
JANICE GRACZYKBOARD MEMBER
Trustee or director
2$1,375$0
TUNISIA SADRUDDINBOARD MEMBER-VICE CHAIR
Trustee or director, Officer
2$1,375$0
CHASITY CRAWLEYBOARD MEMBER
Trustee or director
2$1,250$0
TOMAS TIJERINABOARD MEMBER
Trustee or director
2$1,250$0
HERBERT SIMSBOARD MEMBER (UNTIL 4/25/23)
Trustee or director
2$1,000$0
NEAL OLIVERBOARD MEMBER (UNTIL 4/25/23)
Trustee or director
2$621$0
LOUISE MOLINARBOARD MEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1905 FOREST RIDGE DR, BEDFORD, TX 76021-5724
Principal officer (990 for 2024)
DIANE DORSEY, PO BOX 210848, BEDFORD, TX 76095
Signed the 990
DIANE DORSEY, PRESIDENT/CEO
Phone
(817) 835-5000
Return prepared by
RSM US LLP

Mission

TO PROMOTE THRIFT SAVINGS AND BORROWING.

990 for the year ended December 31, 2024

Program accomplishments

  • SHARE ACCOUNTS - OUR SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.
  • CHECKING ACCOUNTS - OUR CHECKING ACCOUNTS PROVIDE VARIOUS FEATURES FOR CONSUMERS, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THOSE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS AND FREE USE OF THE INTERNET BILL PAYER PLATFORM.
  • CONSUMER LOANS - OUR CONSUMER LOANS PROVIDE ALL TYPES OF LOANS. THE FOLLOWING TYPES OF LOANS ARE AVAILABLE: VEHICLES, RECREATIONAL VEHICLES, MORTGAGES, SIGNATURE, HOME EQUITY, CREDIT CARDS, SECURED LOANS, ETC. THE CREDIT UNION PROVIDES HOME EQUITY LOANS ALONG WITH MORTGAGE LOANS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-0796472
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
Assets (IRS master file)
$1,224,541,959
Income (IRS master file)
$71,431,326

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$68,284,998$58,781,622$1,224,541,959XML
990December 2023$61,144,057$54,450,409$1,206,269,215XML
990December 2022$51,151,395$38,387,187$1,225,093,160IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 75-0796472).

Questions about WORTH CREDIT UNION

What is the EIN of WORTH CREDIT UNION?
The employer identification number (EIN) of WORTH CREDIT UNION is 75-0796472.
Is WORTH CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to WORTH CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WORTH 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 WORTH 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 WORTH 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 WORTH CREDIT UNION?
The 990 for the year ended December 31, 2024 names DIANE DORSEY.
Who are the officers and directors of WORTH CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 24 people; 23 received compensation from the organization, the highest $477,383 (DIANE DORSEY, PRESIDENT/CEO).
How much revenue does WORTH CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $68,284,998, expenses of $58,781,622 and total assets of $1,224,541,959 at year end.

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