Nonprofit · EIN 75-1253045
LONE STAR CREDIT UNION
Tax-exempt · DALLAS, TX 75228
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,637,686 | $10,853,787 | $783,899 | $178,286,993 | $163,696,684 | $14,590,309 |
| December 31, 2023 | 990 | $9,807,427 | $9,426,851 | $380,576 | $175,948,935 | $162,438,660 | $13,510,275 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,053,296
- Investment income
- $1,584,390
- Net gain from sales of assets
- $577,648
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $512,104
- Other salaries and wages
- $2,417,383
- Salaries, compensation and benefits (total)
- $3,410,598
- Professional fundraising fees
- $0
- Legal fees
- $42,155
- Accounting fees
- $32,816
- Occupancy
- $787,487
- Travel
- $30,234
- Depreciation
- $264,930
- Program services (functional)
- $10,853,787
Balance sheet and other
- Total assets, start of year
- $175,948,935
- Total assets, end of year
- $178,286,993
- Total liabilities, end of year
- $163,696,684
- Net assets, end of year
- $14,590,309
- Land, buildings and equipment
- $10,893,003
- Publicly traded securities
- $13,286,443
- Gross unrelated business income
- $26,264
- Gross receipts
- $11,637,686
- Employees
- 49
- Volunteers
- 7
- Year formed
- 1967
- 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 |
|---|---|---|---|---|
| MARCY PHILLIPS | CEO Officer | 40 | $192,420 | $33,699 |
| BRIAN HARPER | CFO Officer | 40 | $159,651 | $37,167 |
| ALLYSON LEIGHANN CARSON | CAO Officer | 40 | $160,033 | $33,027 |
| WAYNE PRICE | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| RYAN HOLLOWAY | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| KIMBERLY MARSZALEK | BOARD SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| JERRY CLANCY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRAHAM SWEENEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHELLEY BROOKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REBECCA REED | CEO - 1/1/23-6/30/23 Officer | 50 | $177,745 | $21,591 |
| MARCY PHILLIPS | CEO - EFFECTIVE 7/1/23 Officer | 50 | $163,594 | $32,617 |
| BRIAN HARPER | CFO Officer | 50 | $148,698 | $34,648 |
| ALLYSON LEIGHANN CARSON | CHIEF ADMINISTRATIVE OFFIC Officer | 50 | $148,731 | $30,444 |
| WAYNE PRICE | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| RYAN HOLLOWAY | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| KIMBERLY MARSZALEK | BOARD SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| GRAHAM SWEENEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERRY CLANCY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARKI HOLMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7508 FERGUSON RD, DALLAS, TX 75228-6540
- Principal officer (990 for 2024)
- MARCY PHILLIPS, 7508 FERGUSON RD, DALLAS, TX 75228
- Signed the 990
- BRIAN L HARPER, CFO
- Phone
- (214) 327-9367
- Website
- LONESTARCU.ORG
- Return prepared by
- Greg R Schmidt CPA
Mission
PROVIDE FINANCIAL SERVICES FOR MEMBERS IN OUR COMMUNITY CHARTER FIELD OF MEMBERSHIP
Program accomplishments
- PROVIDE FINANCIAL SERVICES FOR MEMBERS INCLUDING CONSUMER LOANS, CHECKING ACCOUNTS, AND SHARE SAVINGS ACCOUNTS.
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
- 75-1253045
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- 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)
- $178,286,993
- Income (IRS master file)
- $11,637,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,637,686 | $10,853,787 | $178,286,993 | XML |
| 990 | December 2023 | $9,807,427 | $9,426,851 | $175,948,935 | XML |
| 990 | December 2022 | $9,474,313 | $7,012,203 | $163,532,134 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-1253045).
Questions about LONE STAR CREDIT UNION
- What is the EIN of LONE STAR CREDIT UNION?
- The employer identification number (EIN) of LONE STAR CREDIT UNION is 75-1253045.
- Is LONE STAR CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Which annual return does LONE STAR 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 LONE STAR 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 LONE STAR 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 LONE STAR CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MARCY PHILLIPS.
- Who are the officers and directors of LONE STAR CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $192,420 (MARCY PHILLIPS, CEO).
- How much revenue does LONE STAR CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,637,686, expenses of $10,853,787 and total assets of $178,286,993 at year end.
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