Nonprofit · EIN 75-0815084
SOUTHWEST 66 CREDIT UNION
Tax-exempt · ODESSA, TX 79768
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,852,857 | $6,214,926 | $637,931 | $105,232,049 | $94,403,179 | $10,828,870 |
| December 31, 2023 | 990 | $6,164,860 | $5,809,892 | $354,968 | $103,066,371 | $92,798,338 | $10,268,033 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,720,933
- Investment income
- $904,291
- Other revenue
- $227,633
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $628,264
- Other salaries and wages
- $1,558,902
- Salaries, compensation and benefits (total)
- $2,669,472
- Professional fundraising fees
- $0
- Legal fees
- $5,868
- Accounting fees
- $42,208
- Occupancy
- $254,428
- Depreciation
- $236,706
Balance sheet and other
- Total assets, start of year
- $103,066,371
- Total assets, end of year
- $105,232,049
- Total liabilities, end of year
- $94,403,179
- Net assets, end of year
- $10,828,870
- Land, buildings and equipment
- $2,780,340
- Publicly traded securities
- $17,126,409
- Gross unrelated business income
- $68,250
- Gross receipts
- $6,852,857
- Employees
- 52
- Year formed
- 1949
- 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 |
|---|---|---|---|---|
| ELIZABETH NEWMAN | CEO Officer, Key employee | 40 | $188,173 | $11,471 |
| CON BRAZEAL | CIO Officer | 40 | $133,784 | $14,891 |
| WILLIAM DUKE | COO Officer | 40 | $132,739 | $14,890 |
| ERICA KING | VP of Lending Officer | 40 | $92,766 | $13,284 |
| AARON CHAVEZ | VP of Member Services Officer | 40 | $72,052 | $9,562 |
| JERRY RENO | Board Secretary Trustee or director, Officer | 1 | $1,800 | $0 |
| JACK BAIN | Board Vice Chairman Trustee or director, Officer | 1 | $1,300 | $0 |
| TOM SPRAWLS | Board Treasurer Trustee or director, Officer | 1 | $1,250 | $0 |
| JAMES BEAUCHAMP | Director Trustee or director | 1 | $1,250 | $0 |
| TERRY LOUVIN | Director Trustee or director | 1 | $1,100 | $0 |
| KRIS CROW | Board Chairman Trustee or director, Officer | 1 | $1,050 | $0 |
| RAY FOWLER | Director Trustee or director | 1 | $1,000 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH NEWMAN | CEO Officer | 40 | $181,500 | $10,795 |
| CON BRAZEAL | CIO Officer | 40 | $127,193 | $13,545 |
| WILLIAM DUKE | COO Officer | 40 | $126,249 | $13,558 |
| ERICA KING | VP of Lending Officer | 40 | $91,432 | $11,698 |
| AARON CHAVEZ | VP of Member Services Officer | 40 | $72,389 | $10,577 |
| JACK BAIN | Board Vice Chairman Trustee or director, Officer | 1 | $3,900 | $0 |
| TOM SPRAWLS | Board Treasurer Trustee or director, Officer | 1 | $3,700 | $0 |
| TERRY LOUVIN | Director Trustee or director | 1 | $3,700 | $0 |
| RAY FOWLER | Director Trustee or director | 1 | $3,700 | $0 |
| KRIS CROW | Board Chairman Trustee or director, Officer | 1 | $3,500 | $0 |
| JAMES BEAUCHAMP | Director Trustee or director | 1 | $2,450 | $0 |
| JERRY RENO | Board Secretary Trustee or director, Officer | 1 | $1,800 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12010, ODESSA, TX 79768-2010
- Principal officer (990 for 2024)
- ELIZABETH NEWMAN, PO Box 12010, ODESSA, TX 79768
- Signed the 990
- ELIZABETH NEWMAN, CEO
- Phone
- (432) 363-6600
- Website
- www.southwest66.com
- Return prepared by
- RANDY SILHAN CPA CFE
Mission
Cooperative provider of credit union services such as savings accounts, checking accounts, and consumer loans.
Program accomplishments
- SHARE ACCOUNTS MEMBER SHARE ACCOUNTS PAY DIVIDENDS QUARTERLY.
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
- 75-0815084
- 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)
- $105,232,049
- Income (IRS master file)
- $6,852,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,852,857 | $6,214,926 | $105,232,049 | IRS |
| 990 | December 2023 | $6,164,860 | $5,809,892 | $103,066,371 | XML |
| 990 | December 2022 | $5,770,255 | $5,301,948 | $100,245,342 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 75-0815084).
Questions about SOUTHWEST 66 CREDIT UNION
- What is the EIN of SOUTHWEST 66 CREDIT UNION?
- The employer identification number (EIN) of SOUTHWEST 66 CREDIT UNION is 75-0815084.
- Is SOUTHWEST 66 CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to SOUTHWEST 66 CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHWEST 66 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 SOUTHWEST 66 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 SOUTHWEST 66 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 SOUTHWEST 66 CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ELIZABETH NEWMAN.
- Who are the officers and directors of SOUTHWEST 66 CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $188,173 (ELIZABETH NEWMAN, CEO).
- How much revenue does SOUTHWEST 66 CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,852,857, expenses of $6,214,926 and total assets of $105,232,049 at year end.
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- SOUTHWEST HERITAGE CREDIT UNION EIN 75-0827380 · last filed 990 for 2024
- ODESSA COUNTRY CLUB INC EIN 75-0469883 · last filed 990 for 2024
- ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION EIN 75-1320228 · last filed 990 for 2026
- CHC COMMUNITY CARE LLC EIN 47-3539943 · last filed 990 for 2025
- GREATER OPPORTUNITIES OF THE PERMIAN BASIN INC EIN 75-6053898 · last filed 990 for 2025