Skip to content
Nonprofiteer
← UNITED HERITAGE CREDIT UNION

Form 990 for tax year 2023

Filed by UNITED HERITAGE CREDIT UNION.

Totals

Total revenue
$79,701,411
Total expenses
$72,467,549
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$73,390,179
Investment income
$6,311,232
Other revenue
$0
Total assets, end of year
$1,534,688,042
Total liabilities, end of year
$1,403,732,234
Net assets or fund balances, end of year
$130,955,808
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN INTEREST

    total $57,113,430 · related or exempt $57,113,430

  • 2b · Program service revenue: FEE INCOME

    total $12,511,812 · related or exempt $12,511,812

  • 2c · Program service revenue: OTHER OPERATING INCOME

    total $3,764,937 · related or exempt $2,497,687 · unrelated business $1,267,250

  • 3 · Investment income

    total $6,311,232 · excluded $6,311,232

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $12,946,273

  • 5 · Compensation of officers, directors and key employees

    total $6,558,242

  • 7 · Other salaries and wages

    total $16,214,121

  • 8 · Pension plan contributions

    total $1,963,170

  • 9 · Other employee benefits

    total $1,894,599

  • 10 · Payroll taxes

    total $1,537,521

  • 11b · Fees: legal

    total $83,714

  • 11c · Fees: accounting

    total $159,716

  • 11g · Fees: other

    total $55,365

  • 12 · Advertising and promotion

    total $1,837,408

  • 13 · Office expenses

    total $2,295,869

  • 14 · Information technology

    total $1,039,504

  • 16 · Occupancy

    total $5,253,046

  • 17 · Travel

    total $360,629

  • 20 · Interest

    total $7,267,137

  • 22 · Depreciation, depletion and amortization

    total $3,639,681

  • 23 · Insurance

    total $251,369

  • 24a · Other expenses: AUTOMATIC TELLER PROCES

    total $3,430,224

  • 24b · Other expenses: DATA PROCESSING

    total $2,075,600

  • 24c · Other expenses: PROVISION FOR CREDIT LO

    total $1,739,523

  • 24d · Other expenses: MISCELLANEOUS

    total $1,448,756

  • 24e · All other expenses

    total $416,082

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,865,532 · end of year $100,440,612

  • 2 · Savings and temporary cash investments

    beginning of year $5,060,000 · end of year $4,464,000

  • 4 · Accounts receivable

    beginning of year $6,625 · end of year $132,158

  • 7 · Other notes and loans receivable

    beginning of year $1,331,717,258 · end of year $1,308,466,890

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,148,673 · end of year $3,709,144

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

    $99,401,894

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

    $29,379,736

  • 10c · Land, buildings and equipment, net

    beginning of year $71,704,317 · end of year $70,022,158

  • 12 · Investments: other securities

    beginning of year $29,016,990 · end of year $23,675,817

  • 15 · Other assets

    beginning of year $21,975,363 · end of year $23,777,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,822,825 · end of year $20,710,752

  • 23 · Secured mortgages and notes payable

    beginning of year $75,000,000 · end of year $99,000,000

  • 25 · Other liabilities

    beginning of year $1,304,229,769 · end of year $1,284,021,482

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · 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 $123,442,164 · end of year $130,955,808

Mission and programs · 2023

Mission

UHCU PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS AND PROVIDES INSURANCE AND INVESTMENT BROKERAGE SERVICES TO MEMBERS THROUGH THIRD PARTY RELATIONSHIPS.

Activities or mission (Part I)

UHCU IS A NOT-FOR-PROFIT COOPERATIVE PROVIDING FINANCIAL SERVICES TO ITS MEMBERS.

  • LOANS: CREDIT UNIONS PROVIDE CONSUMER LOANS OF ALL TYPES, INCLUDING VEHICLE LOANS, UNSECURED LOANS, AND CREDIT CARDS. SOME CREDIT UNIONS OFFER RESIDENTAIL MORTGAGES AND SMALL BUSINESS LOANS. CREDIT UNIONS MAY ALSO OFFER RELATED SERVICES SUCH AS CREDIT, LIFE, OR DISABILITY INSURANCE.

  • SHARE SAVINGS ACCOUNTS: ALL CREDIT UNIONS OFFER SHARE SAVINGS ACCOUNTS WHICH PAY DIVIDENDS MONTHLY. MANY CREDIT UNIONS OFFER SPECIAL SAVINGS ACCOUNTS FOR MINORS OR ACCOUNTS FOR HOLIDAY SAVINGS.

  • CHECKING ACCOUNTS: CREDIT UNIONS OFFER CHECKING ACCOUNTS WITH VARYING FEATURES, FROM FREE ACCOUNTS TO MONEY MARKET ACCOUNTS. MANY CHECKING ACCOUNTS HAVE ATM ACCESS, DEBIT CARD ACCESS, AS WELL AS ON-LINE BENEFITS, SUCH AS BILL PAYING.

As filed on the 2023 return.

Listed in Part VII

  • Michael Trevino

    BOARD MEMBER

    Total calculated
    $16,914
    From this org
    $16,464
    From related orgs
    $0
    Other
    $450
    Hours/week
    2

  • Valentin Velasquez

    BOARD MEMBER

    Total calculated
    $16,215
    From this org
    $15,765
    From related orgs
    $0
    Other
    $450
    Hours/week
    2

  • Edward Clements

    BOARD MEMBER

    Total calculated
    $15,515
    From this org
    $15,065
    From related orgs
    $0
    Other
    $450
    Hours/week
    2

  • Harold Keyes

    BOARD MEMBER - CHAIRPERSON

    Total calculated
    $15,131
    From this org
    $14,681
    From related orgs
    $0
    Other
    $450
    Hours/week
    4

  • Robert Hootkins

    BOARD MEMBER

    Total calculated
    $14,111
    From this org
    $13,661
    From related orgs
    $0
    Other
    $450
    Hours/week
    2

  • Robert Spurck

    BOARD MEMBER

    Total calculated
    $13,797
    From this org
    $13,000
    From related orgs
    $0
    Other
    $797
    Hours/week
    2

  • Amber Shammas

    BOARD MEMBER

    Total calculated
    $13,450
    From this org
    $13,000
    From related orgs
    $0
    Other
    $450
    Hours/week
    2

  • Tommy Lueders

    BOARD MEMBER

    Total calculated
    $13,238
    From this org
    $13,000
    From related orgs
    $0
    Other
    $238
    Hours/week
    2

  • Brenda Henry

    BOARD MEMBER

    Total calculated
    $13,015
    From this org
    $13,000
    From related orgs
    $0
    Other
    $15
    Hours/week
    2

  • Wilford Schroeder

    PRESIDENT/CEO (PART YEAR)

    Total calculated
    $1,232,262
    From this org
    $1,183,452
    From related orgs
    $0
    Other
    $48,810
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $433,452
    Bonus
    $750,000
    Other
    $0
    Deferred
    $43,200
    Nontaxable benefits
    $5,610
    Filer's total
    $1,232,262

  • Michael Ver Schuur

    PRESIDENT/CEO

    Total calculated
    $1,040,371
    From this org
    $975,599
    From related orgs
    $0
    Other
    $64,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $842,629
    Bonus
    $132,970
    Other
    $0
    Deferred
    $43,200
    Nontaxable benefits
    $21,572
    Filer's total
    $1,040,371

  • Samantha Hess

    COO

    Total calculated
    $421,972
    From this org
    $371,495
    From related orgs
    $0
    Other
    $50,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,085
    Bonus
    $63,410
    Other
    $0
    Deferred
    $35,669
    Nontaxable benefits
    $14,808
    Filer's total
    $421,972

  • Nathan Brown

    CTO

    Total calculated
    $168,396
    From this org
    $159,589
    From related orgs
    $0
    Other
    $8,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,989
    Bonus
    $600
    Other
    $0
    Deferred
    $929
    Nontaxable benefits
    $7,878
    Filer's total
    $168,396

  • Matthew Lyman

    CLO

    Total calculated
    $167,110
    From this org
    $157,004
    From related orgs
    $0
    Other
    $10,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,404
    Bonus
    $600
    Other
    $0
    Deferred
    $239
    Nontaxable benefits
    $9,867
    Filer's total
    $167,110

  • Troy Garry

    CFO

    Total calculated
    $67,204
    From this org
    $67,204
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sara Vara

    VP HR

    Total calculated
    $374,295
    From this org
    $328,098
    From related orgs
    $0
    Other
    $46,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,598
    Bonus
    $55,500
    Other
    $0
    Deferred
    $33,937
    Nontaxable benefits
    $12,260
    Filer's total
    $374,295

  • Diane Brown

    VP INFO SVCS/CORE SVCS

    Total calculated
    $329,288
    From this org
    $290,791
    From related orgs
    $0
    Other
    $38,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,616
    Bonus
    $48,175
    Other
    $0
    Deferred
    $26,838
    Nontaxable benefits
    $11,659
    Filer's total
    $329,288

  • Rebecca Elliott

    VP FINANCE

    Total calculated
    $322,301
    From this org
    $277,220
    From related orgs
    $0
    Other
    $45,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,550
    Bonus
    $46,670
    Other
    $0
    Deferred
    $31,557
    Nontaxable benefits
    $13,524
    Filer's total
    $322,301

  • Karen Wilkerson

    VP RISK MGT/ISO

    Total calculated
    $318,540
    From this org
    $274,767
    From related orgs
    $0
    Other
    $43,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,607
    Bonus
    $47,160
    Other
    $0
    Deferred
    $20,859
    Nontaxable benefits
    $22,914
    Filer's total
    $318,540

  • Jacob Bernhard

    VP RE LENDING

    Total calculated
    $316,593
    From this org
    $274,139
    From related orgs
    $0
    Other
    $42,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,299
    Bonus
    $45,840
    Other
    $0
    Deferred
    $31,346
    Nontaxable benefits
    $11,108
    Filer's total
    $316,593

  • Deena Massa

    VP BRANCH OPERATIONS

    Total calculated
    $316,221
    From this org
    $269,614
    From related orgs
    $0
    Other
    $46,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,564
    Bonus
    $40,050
    Other
    $0
    Deferred
    $16,788
    Nontaxable benefits
    $29,819
    Filer's total
    $316,221

  • Kristie Simo

    VP CONSUMER LENDING

    Total calculated
    $309,040
    From this org
    $281,438
    From related orgs
    $0
    Other
    $27,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,960
    Bonus
    $47,478
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $19,602
    Filer's total
    $309,040

  • Joshua Robles

    VP COMMERCIAL LENDING

    Total calculated
    $295,604
    From this org
    $261,064
    From related orgs
    $0
    Other
    $34,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,212
    Bonus
    $42,852
    Other
    $0
    Deferred
    $23,465
    Nontaxable benefits
    $11,075
    Filer's total
    $295,604

  • Dale Tripp

    VP OF COMPLIANCE

    Total calculated
    $289,555
    From this org
    $245,937
    From related orgs
    $0
    Other
    $43,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,897
    Bonus
    $36,040
    Other
    $0
    Deferred
    $29,513
    Nontaxable benefits
    $14,105
    Filer's total
    $289,555

  • Kevin Farley

    VP EXPERIENCE & ENGAGEMENT

    Total calculated
    $257,270
    From this org
    $239,271
    From related orgs
    $0
    Other
    $17,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,821
    Bonus
    $37,450
    Other
    $0
    Deferred
    $5,200
    Nontaxable benefits
    $12,799
    Filer's total
    $257,270

  • Karen Pollack

    VP OF DIGITAL

    Total calculated
    $200,834
    From this org
    $190,835
    From related orgs
    $0
    Other
    $9,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,235
    Bonus
    $15,600
    Other
    $0
    Deferred
    $4,868
    Nontaxable benefits
    $5,131
    Filer's total
    $200,834

  • Stuart Gehrke

    AVP INFORMATION TECHNOLOGY

    Total calculated
    $224,665
    From this org
    $167,226
    From related orgs
    $0
    Other
    $57,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,026
    Bonus
    $1,200
    Other
    $0
    Deferred
    $36,223
    Nontaxable benefits
    $21,216
    Filer's total
    $224,665

  • Keri Brown

    AVP PROJECT MANAGEMENT

    Total calculated
    $216,377
    From this org
    $189,151
    From related orgs
    $0
    Other
    $27,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,951
    Bonus
    $1,200
    Other
    $0
    Deferred
    $13,300
    Nontaxable benefits
    $13,926
    Filer's total
    $216,377

  • Charles Shasky

    AVP LEARNING & DEVELOPMENT

    Total calculated
    $207,491
    From this org
    $161,151
    From related orgs
    $0
    Other
    $46,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,951
    Bonus
    $1,200
    Other
    $0
    Deferred
    $15,668
    Nontaxable benefits
    $30,672
    Filer's total
    $207,491

  • Chad Hudson

    AVP CONSUMER LOAN OPS

    Total calculated
    $198,322
    From this org
    $177,638
    From related orgs
    $0
    Other
    $20,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,438
    Bonus
    $17,200
    Other
    $0
    Deferred
    $3,120
    Nontaxable benefits
    $17,564
    Filer's total
    $198,322

  • Sebrina Crawford

    VP OPERATIONS

    Total calculated
    $156,085
    From this org
    $148,310
    From related orgs
    $0
    Other
    $7,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $99,670
    Bonus
    $48,640
    Other
    $0
    Deferred
    $2,200
    Nontaxable benefits
    $5,575
    Filer's total
    $156,085

  • Mark Woodbridge

    AVP OF FINANCE

    Total calculated
    $200,480
    From this org
    $168,180
    From related orgs
    $0
    Other
    $32,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,980
    Bonus
    $1,200
    Other
    $0
    Deferred
    $20,869
    Nontaxable benefits
    $11,431
    Filer's total
    $200,480

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
BOARD APPROVES CEO COMPENSATION ANNUALLY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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 $1,267,250 · assets $874,266

    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 · 90% owned · share of income $80,121 · share of assets $146,202

    Directly controlled by UNITED HERITAGE CREDIT UNION

  • TEXAS MORGAGE LENDING LLC

    RELATED · CREDIT INTERMEDIARY · TX · 50% owned · share of income $5,493 · share of assets $1,290,703

    Directly controlled by UNITED HERITAGE CREDIT UNION

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349305928

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.