Totals
- Total revenue
- $119,467,105
- Total expenses
- $112,971,293
- Contributions and grants received
- $0
- Grants paid
- $299,637
- Program service revenue
- $98,636,346
- Investment income
- $20,287,503
- Other revenue
- $543,256
- Total assets, end of year
- $1,988,763,916
- Total liabilities, end of year
- $1,811,754,392
- Net assets or fund balances, end of year
- $177,009,524
- 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: INTEREST ON LOANS
total $71,688,252 · related or exempt $71,688,252
-
2b · Program service revenue: FEES, CHARGES, &OTHER
total $26,304,124 · related or exempt $26,304,124
-
2c · Program service revenue: FINANCE & INSURANCE
total $332,251 · unrelated business $332,251
-
2d · Program service revenue: PROFESSIONAL, SCIENTIFIC, AND TEC
total $311,719 · unrelated business $311,719
-
3 · Investment income
total $20,288,627 · related or exempt $20,288,627
-
6a · Gross rents
real property $543,256
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $543,256
-
6d · Net rental income or loss
total $543,256 · related or exempt $543,256
-
7a · Gross sales of assets other than inventory
other assets $306,251
-
7b · Less cost or other basis and sales expenses
other assets $307,375
-
7c · Gain or loss
other assets -$1,124
-
7d · Net gain or loss
total -$1,124 · related or exempt -$1,124
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $299,637
-
5 · Compensation of officers, directors and key employees
total $2,018,454
-
7 · Other salaries and wages
total $21,871,512
-
8 · Pension plan contributions
total -$1,930,616
-
9 · Other employee benefits
total $3,976,114
-
10 · Payroll taxes
total $1,711,465
-
11b · Fees: legal
total $41,597
-
11c · Fees: accounting
total $178,522
-
11g · Fees: other
total $1,756,138
-
12 · Advertising and promotion
total $2,082,056
-
13 · Office expenses
total $1,894,322
-
14 · Information technology
total $1,468,701
-
16 · Occupancy
total $1,561,385
-
17 · Travel
total $200,647
-
19 · Conferences, conventions and meetings
total $641,315
-
20 · Interest
total $48,896,313
-
21 · Payments to affiliates
total $23,332
-
22 · Depreciation, depletion and amortization
total $3,667,291
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $7,705,305
-
24b · Other expenses: DEBIT CARD SERVICES
total $5,702,570
-
24c · Other expenses: MAINTENANCE
total $2,354,837
-
24d · Other expenses: MISCELLANEOUS
total $1,619,448
-
24e · All other expenses
total $5,230,948
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,608,096 · end of year $12,123,368
-
2 · Savings and temporary cash investments
beginning of year $104,043,192 · end of year $153,446,675
-
4 · Accounts receivable
beginning of year $20,854,168 · end of year $26,527,363
-
5 · Loans and receivables from officers and key people
beginning of year $21,532,463 · end of year $21,841,103
-
7 · Other notes and loans receivable
beginning of year $1,537,547,231 · end of year $1,442,065,224
-
9 · Prepaid expenses and deferred charges
beginning of year $44,750,663 · end of year $55,846,981
-
10a · Land, buildings and equipment: cost or other basis
$108,024,793
-
10b · Land, buildings and equipment: accumulated depreciation
$37,388,241
-
10c · Land, buildings and equipment, net
beginning of year $59,476,506 · end of year $70,636,552
-
12 · Investments: other securities
beginning of year $187,659,439 · end of year $172,090,195
-
14 · Intangible assets
beginning of year $1,315,360 · end of year $982,013
-
15 · Other assets
beginning of year $32,566,879 · end of year $33,204,442
-
17 · Accounts payable and accrued expenses
beginning of year $24,900,542 · end of year $17,986,663
-
23 · Secured mortgages and notes payable
beginning of year $290,000,000 · end of year $199,500,000
-
25 · Other liabilities
beginning of year $1,545,754,505 · end of year $1,594,267,729
-
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 $162,698,950 · end of year $177,009,524
Mission and programs · 2024
Mission
WE ARE COMMITTED TO BEING OUR MEMBERS' PARTNER, PROVIDING A LIFETIME OF FINANCIAL SERVICES ADJUSTED TO THEIR NEEDS WHILE MAINTAINING A FINANCIALLY STRONG FULL-SERVICE COOPERATIVE.
Activities or mission (Part I)
PROVIDING MEMBERS A LIFETIME OF FINANCIAL SERVICES AND MAINTAINING A FINANCIALLY STRONG COOPERATIVE.
-
INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Larry SkinnerLARRY SKINNER
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Charlie NuttCHARLIE NUTT
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Karen SaulsKAREN SAULS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bob McLellanBOB MCLELLAN
SECRETARY & MEMBERSHIP OFFICER
- Total calculated
- $0
- Hours/week
- 1
-
Lonnie MorganLONNIE MORGAN
DIRECTOR & SECURITY OFFICE
- Total calculated
- $0
- Hours/week
- 1
-
Joe JohnsonJOE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philip MartinezPHILIP MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pamela StephensPAMELA STEPHENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sean ChoateSEAN CHOATE
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Jerry OliveJERRY OLIVE
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Lillie WilsonLILLIE WILSON
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Kaye GilbertKAYE GILBERT
ADVISORY BOARD
- Total calculated
- $0
- Hours/week
- 1
-
James MingeJAMES MINGE
CEO
- Total calculated
- $800,556
- From this org
- $731,366
- From related orgs
- $0
- Other
- $69,190
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $731,366
- Bonus
- $0
- Other
- $0
- Deferred
- $45,049
- Nontaxable benefits
- $24,141
- Filer's total
- $800,556
-
Peggy EsparzaPEGGY ESPARZA
CFO
- Total calculated
- $339,599
- From this org
- $297,466
- From related orgs
- $0
- Other
- $42,133
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $287,716
- Bonus
- $0
- Other
- $9,750
- Deferred
- $31,116
- Nontaxable benefits
- $11,017
- Filer's total
- $339,599
-
William KelseyWILLIAM KELSEY
PRESIDENT
- Total calculated
- $528,282
- From this org
- $454,576
- From related orgs
- $0
- Other
- $73,706
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $441,576
- Bonus
- $0
- Other
- $13,000
- Deferred
- $48,185
- Nontaxable benefits
- $25,521
- Filer's total
- $528,282
-
Ronnie Smith JrRONNIE SMITH JR
CGO
- Total calculated
- $350,017
- From this org
- $290,943
- From related orgs
- $0
- Other
- $59,074
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $281,843
- Bonus
- $0
- Other
- $9,100
- Deferred
- $46,857
- Nontaxable benefits
- $12,217
- Filer's total
- $350,017
-
Leann SantiagoLEANN SANTIAGO
SVP DIGITAL EXPERIENCE
- Total calculated
- $292,856
- From this org
- $236,644
- From related orgs
- $0
- Other
- $56,212
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $235,019
- Bonus
- $0
- Other
- $1,625
- Deferred
- $38,244
- Nontaxable benefits
- $17,968
- Filer's total
- $292,856
-
Whitney McLeodWHITNEY MCLEOD
SVP LENDING
- Total calculated
- $297,208
- From this org
- $257,890
- From related orgs
- $0
- Other
- $39,318
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $256,265
- Bonus
- $0
- Other
- $1,625
- Deferred
- $20,313
- Nontaxable benefits
- $19,005
- Filer's total
- $297,208
-
Fred TrustyFRED TRUSTY
SVP MARKETING & DATA ANALYTICS
- Total calculated
- $259,875
- From this org
- $226,894
- From related orgs
- $0
- Other
- $32,981
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $226,894
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,981
- Filer's total
- $259,875
-
Alan BarbeeALAN BARBEE
SVP PLANNING & FACILITIES
- Total calculated
- $202,441
- From this org
- $174,990
- From related orgs
- $0
- Other
- $27,451
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $166,540
- Bonus
- $0
- Other
- $8,450
- Deferred
- $1,705
- Nontaxable benefits
- $25,746
- Filer's total
- $202,441
-
Robert A UnderwoodROBERT A UNDERWOOD
SVP IT OPERATIONS
- Total calculated
- $217,598
- From this org
- $183,039
- From related orgs
- $0
- Other
- $34,559
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $183,039
- Bonus
- $0
- Other
- $0
- Deferred
- $11,419
- Nontaxable benefits
- $23,140
- Filer's total
- $217,598
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO JAMES MINGE, WILLIAM KELSEY, PEGGY ESPARZA AND RONNIE SMITH JR. THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS.
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
-
$299,637
TO CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL WELLBEING OF THE COMMUNITY.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · CHARITABLE FOUNDATION · TX · controlled entity
Directly controlled by TEXAS TRUST CREDIT UNION
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.
-
HERITAGE F&I SERVICES LLC
INSURANCE AND DATA PROGRAMMING SALES · TX · assets $2,972
Directly controlled by TEXAS TRUST CREDIT UNION
-
TEXAS TRUST INSURANCE SERVICES
INSURANCE SERVICES · TX · income $2,154,062 · assets $14,341,155
Directly controlled by HERITAGE F&I SERVICES LLC
-
TRUST DATA SOLUTIONS
DATA SOLUTIONS · TX · income $311,719 · assets $1,239,540
Directly controlled by HERITAGE F&I SERVICES LLC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349307830
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