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Nonprofiteer
← AUSTIN CITY EMPLOYEES CREDIT UNION

Form 990 for tax year 2024

Filed by AUSTIN CITY EMPLOYEES CREDIT UNION.

Totals

Total revenue
$631,599
Total expenses
$445,394
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$460,393
Investment income
$170,269
Other revenue
$937
Total assets, end of year
$11,445,531
Total liabilities, end of year
$9,547,720
Net assets or fund balances, end of year
$1,897,811
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: INTEREST ON LOANS

    total $410,864 · related or exempt $410,864

  • 2b · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $37,444 · related or exempt $37,444

  • 2c · Program service revenue: MEMBER FEE INCOME

    total $12,085 · related or exempt $12,085

  • 3 · Investment income

    total $170,269 · excluded $170,269

  • 5 · Royalties

    total $937 · excluded $937

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,709

  • 7 · Other salaries and wages

    total $60,636

  • 8 · Pension plan contributions

    total $12,361

  • 9 · Other employee benefits

    total $3,875

  • 10 · Payroll taxes

    total $11,024

  • 11c · Fees: accounting

    total $5,557

  • 11g · Fees: other

    total $2,823

  • 12 · Advertising and promotion

    total $176

  • 13 · Office expenses

    total $118,774

  • 14 · Information technology

    total $31,925

  • 16 · Occupancy

    total $11,611

  • 17 · Travel

    total $1,104

  • 19 · Conferences, conventions and meetings

    total $1,773

  • 22 · Depreciation, depletion and amortization

    total $13,997

  • 23 · Insurance

    total $11,735

  • 24a · Other expenses: DIVIDENDS EXPENSE

    total $66,153

  • 24b · Other expenses: CREDIT LOSS EXPENSE

    total $11,161

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,000 · end of year $20,000

  • 2 · Savings and temporary cash investments

    beginning of year $2,952,677 · end of year $2,803,007

  • 7 · Other notes and loans receivable

    beginning of year $6,479,105 · end of year $6,810,821

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,228 · end of year $4,892

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

    $412,244

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

    $242,848

  • 10c · Land, buildings and equipment, net

    beginning of year $183,393 · end of year $169,396

  • 13 · Investments: program-related

    beginning of year $1,305,000 · end of year $1,505,000

  • 15 · Other assets

    beginning of year $136,321 · end of year $132,415

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,354 · end of year $44,246

  • 25 · Other liabilities

    beginning of year $9,294,764 · end of year $9,503,474

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,711,606 · end of year $1,897,811

Mission and programs · 2024

Mission

ACECU PROVIDES FINANCIAL SERVICES TO OUR MEMBERS THROUGH SAVINGS PRODUCTS, BY PROVIDING LOANS, AND WITH OTHER FINANCIAL SERVICES.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 81 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 788 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 124 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 12/31/2024 WE HAD 561 LOANS TO OUR MEMBERS.

As filed on the 2024 return.

Listed in Part VII

  • Marilyn Hansen

    PRESIDENT

    Total calculated
    $70,481
    From this org
    $64,074
    From related orgs
    $0
    Other
    $6,407
    Hours/week
    40

  • Ann Christianson

    TREASURER

    Total calculated
    $15,555
    From this org
    $15,555
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Kelly Lady

    SECRETARY

    Total calculated
    $480
    From this org
    $480
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jean Clark

    VICE CHAIR

    Total calculated
    $220
    From this org
    $220
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Melissa Swenson

    CHAIR

    Total calculated
    $220
    From this org
    $220
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Tricia Weichman

    DIRECTOR

    Total calculated
    $160
    From this org
    $160
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 March 2025
IRS schema version
2024v5.0
Source object
202540799349301934

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