Nonprofit · EIN 75-0992590
TEXANS CREDIT UNION
Tax-exempt · RICHARDSON, TX 75081
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $123,635,860 | $102,712,885 | $20,922,975 | $2,243,918,289 | $2,038,910,445 | $205,007,844 |
| December 31, 2023 | 990 | $98,558,127 | $74,644,234 | $23,913,893 | $2,195,933,253 | $2,025,027,779 | $170,905,474 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $92,228,321
- Investment income
- $31,180,829
- Net rental income
- $226,710
- Net gain from sales of assets
- -$53,050
- Other revenue
- $226,710
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,650,178
- Other salaries and wages
- $20,055,281
- Salaries, compensation and benefits (total)
- $28,879,055
- Professional fundraising fees
- $0
- Legal fees
- $61,856
- Accounting fees
- $203,754
- Occupancy
- $2,628,359
- Travel
- $256,008
- Depreciation
- $2,655,739
Balance sheet and other
- Total assets, start of year
- $2,195,933,253
- Total assets, end of year
- $2,243,918,289
- Total liabilities, end of year
- $2,038,910,445
- Net assets, end of year
- $205,007,844
- Land, buildings and equipment
- $26,939,068
- Publicly traded securities
- $406,925,718
- Gross unrelated business income
- $1,063,349
- Gross receipts
- $124,072,587
- Employees
- 324
- Volunteers
- 7
- Year formed
- 1953
- 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 |
|---|---|---|---|---|
| DAVID FRAZIER | CHIEF EXECUTIVE OFFICER Officer | 40 | $851,896 | $38,455 |
| MICHAEL MCWETHY | EXECUTIVE VICE PRESIDENT Officer | 40 | $630,014 | $163,778 |
| BENJAMIN HART | CHIEF FINANCIAL OFFICER Officer | 40 | $500,408 | $155,825 |
| JIANJUN BAI | VP DEV & HOST SYSTEMS Highest-paid employee | 40 | $240,206 | $91,071 |
| JENNIFER SHORT | CHIEF PEOPLE OFFICER Officer | 40 | $282,002 | $27,800 |
| TANYA PATTERSON | SVP, STRATEGIC SOLUTIONS Highest-paid employee | 40 | $258,769 | $20,161 |
| TRACY MONTEZ | SVP CONTROLLER Highest-paid employee | 40 | $232,096 | $30,111 |
| DANIEL MATHEWS | VP CONSUMER LENDING Highest-paid employee | 40 | $232,413 | $22,512 |
| ANGELA JACKSON | VP REAL ESTATE LENDING Highest-paid employee | 40 | $234,048 | $17,884 |
| GEORGE CONSOLVER | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ED FAWCETT | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ESTELLA MARTINEZ | SECRETARY Trustee or director | 1 | $0 | $0 |
| THOMAS BOEDECKER | TREASURER Trustee or director | 1 | $0 | $0 |
| LORI DANIEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FAHAD AWAIS | ADVISORY DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHYAMAL PARIKH | ADVISORY DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID FRAZIER | CHIEF EXECUTIVE OFFICER Officer | 40 | $797,234 | $43,465 |
| MICHAEL MCWETHY | EXECUTIVE VICE PRESIDENT Officer | 40 | $441,924 | $296,377 |
| BENJAMIN HART | CHIEF FINANCIAL OFFICER Officer | 40 | $330,569 | $263,580 |
| JENNIFER SHORT | CHIEF PEOPLE OFFICER Officer | 40 | $249,164 | $30,847 |
| TANYA PATTERSON | VP IT SYSTEMS Highest-paid employee | 40 | $232,575 | $28,889 |
| JIANJUN BAI | VP DEV & HOST SYSTEMS Highest-paid employee | 40 | $227,880 | $24,245 |
| DANIEL MATHEWS | VP CONSUMER LENDING Highest-paid employee | 40 | $221,304 | $20,618 |
| ANGELA JACKSON | VP REAL ESTATE LENDING Highest-paid employee | 40 | $213,670 | $19,690 |
| TRACY MONTEZ | SVP CONTROLLER Highest-paid employee | 40 | $194,355 | $26,431 |
| GEORGE CONSOLVER | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ED FAWCETT | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| ESTELLA MARTINEZ | SECRETARY Trustee or director | 1 | $0 | $0 |
| THOMAS BOEDECKER | TREASURER Trustee or director | 1 | $0 | $0 |
| LORI DANIEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHYAMAL PARIKH | ADVISORY DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAHAD AWAIS | ADVISORY DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARTS JURGEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 777 E CAMPBELL RD, RICHARDSON, TX 75081-1891
- Principal officer (990 for 2024)
- DAVID FRAZIER, 777 EAST CAMPBELL RD, RICHARDSON, TX 75081
- Signed the 990
- BENJAMIN HART, CFO
- Phone
- (972) 348-2000
- Website
- WWW.TEXANSCU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW. THE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNION'S FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBER OWNERS.
Program accomplishments
- LOANS: THE CREDIT UNION PROVIDES LOANS OF ALL TYPES IN MANY DIFFERENT CATEGORIES. THE OFFERINGS INCLUDE CONSUMER AUTOMOBILE LOANS, UNSECURED LOANS, RESIDENTIAL MORTGAGE LOANS, HOME EQUITY AND HOME IMPROVEMENT LOANS. AS PART OF THE LOAN PROGRAM THE CREDIT UNION ALSO OFFERS SEVERAL LOAN RELATED INSURANCE PRODUCTS SUCH AS CREDIT LIFE AND DISABILITY, MECHANICAL BREAKDOWN AND GAP INSURANCE.
- SHARES SAVINGS AND CERTIFICATES OF DEPOSITS: THE CREDIT UNION OFFERS A NUMBER OF SHARE SAVINGS ACCOUNTS, MONEY MARKET SAVINGS, AND IRA SAVINGS ACCOUNTS. THESE ACCOUNTS PAY DIVIDENDS MONTHLY. OTHER TYPES OF DEPOSIT SAVINGS OFFERINGS INCLUDE CERTIFICATES OF DEPOSIT, BOTH REGULAR MEMBER CERTIFICATES AND IRA CERTIFICATES. THE CERTIFICATES PAY INTEREST ON A MONTHLY BASIS.
- CHECKING ACCOUNTS: THE CREDIT UNION OFFERS TWO CHECKING ACCOUNT PRODUCTS. ONE ACCOUNT HAS SIMPLE WAYS TO WAIVE THE MONTHLY SERVICE CHARGE. THE OTHER OFFERS DIVIDENDS TO THOSE MEMBERS WITH HIGHER BALANCES. BOTH PRODUCTS HAVE FEATURES THAT INCLUDE FREE E-SERVICES AND ACCESS TO THOUSANDS OF ATMS.
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
- 75-0992590
- 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)
- $2,243,918,289
- Income (IRS master file)
- $124,072,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $123,635,860 | $102,712,885 | $2,243,918,289 | XML |
| 990 | December 2023 | $98,558,127 | $74,644,234 | $2,195,933,253 | XML |
| 990 | December 2022 | $76,501,082 | $50,324,677 | $2,155,551,665 | 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 75-0992590).
Questions about TEXANS CREDIT UNION
- What is the EIN of TEXANS CREDIT UNION?
- The employer identification number (EIN) of TEXANS CREDIT UNION is 75-0992590.
- Is TEXANS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to TEXANS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEXANS 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 TEXANS 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 TEXANS 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 TEXANS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names DAVID FRAZIER.
- Who are the officers and directors of TEXANS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 16 people; 9 received compensation from the organization, the highest $851,896 (DAVID FRAZIER, CHIEF EXECUTIVE OFFICER).
- How much revenue does TEXANS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $123,635,860, expenses of $102,712,885 and total assets of $2,243,918,289 at year end.
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