Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INTEREST

  total $46,583,169 · related or exempt $46,583,169

• 2b · Program service revenue: FEE INCOME

  total $12,148,052 · related or exempt $12,148,052

• 2c · Program service revenue: OTHER OPERATING INCOME

  total $6,125,097 · related or exempt $4,462,079 · unrelated business $1,663,018

• 3 · Investment income

  total $2,098,516 · excluded $2,098,516

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $4,497,978

• 5 · Compensation of officers, directors and key employees

  total $3,893,463

• 7 · Other salaries and wages

  total $13,870,809

• 8 · Pension plan contributions

  total $2,085,603

• 9 · Other employee benefits

  total $1,615,729

• 10 · Payroll taxes

  total $1,310,832

• 11b · Fees: legal

  total $292,895

• 11c · Fees: accounting

  total $83,700

• 11g · Fees: other

  total $54,543

• 12 · Advertising and promotion

  total $1,717,883

• 13 · Office expenses

  total $2,168,755

• 14 · Information technology

  total $1,007,031

• 16 · Occupancy

  total $5,498,298

• 17 · Travel

  total $283,895

• 20 · Interest

  total $1,893,414

• 22 · Depreciation, depletion and amortization

  total $3,249,832

• 23 · Insurance

  total $149,712

• 24a · Other expenses: AUTOMATIC TELLER PROCES

  total $2,909,634

• 24b · Other expenses: DATA PROCESSING

  total $1,850,859

• 24c · Other expenses: MISCELLANEOUS

  total $915,532

• 24d · Other expenses: LOAN SERVICING

  total $430,860

• 24e · All other expenses

  total $195,704

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $124,368,742 · end of year $57,865,532

• 2 · Savings and temporary cash investments

  beginning of year $2,331,000 · end of year $5,060,000

• 4 · Accounts receivable

  end of year $6,625

• 7 · Other notes and loans receivable

  beginning of year $1,154,057,796 · end of year $1,331,717,258

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,320,574 · end of year $3,148,673

• 10a · Land, buildings and equipment: cost or other basis

  $99,250,099

• 10b · Land, buildings and equipment: accumulated depreciation

  $27,545,782

• 10c · Land, buildings and equipment, net

  beginning of year $69,705,360 · end of year $71,704,317

• 12 · Investments: other securities

  beginning of year $32,434,657 · end of year $29,016,990

• 15 · Other assets

  beginning of year $19,732,661 · end of year $21,975,363

• 17 · Accounts payable and accrued expenses

  beginning of year $20,476,824 · end of year $17,822,825

• 23 · Secured mortgages and notes payable

  end of year $75,000,000

• 25 · Other liabilities

  beginning of year $1,279,762,445 · end of year $1,304,229,769

• 29 · Capital stock, trust principal or current funds

  beginning of year $11,471,964 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $94,239,557 · end of year $123,442,164

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD DETERMINES THE CEO'S COMPENSATION EACH YEAR.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• UHCU FINANCIAL SERVICES LLC

  FINANCIAL SERVICES · TX · income $1,663,018 · assets $1,422,706

  Directly controlled by UNITED HERITAGE CREDIT UNION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• UHCU INSURANCE SERVICES

  UNRELATED · INSURANCE SERVICES · TX · 0.99% owned · share of income $92,034 · share of assets $150,116

  Directly controlled by UNITED HERITAGE CREDIT UNION

• TEXAS MORGAGE LENDING LLC

  RELATED · CREDIT INTERMEDIARY · TX · 50% owned · share of income $12,411 · share of assets $835,210

  Directly controlled by UNITED HERITAGE CREDIT UNION