UNITED ENERGY CREDIT UNION

EIN: 740693876

HUMBLE, TX

Total Revenue
$2,187,789
Total Expenses
$2,147,328
Total Assets
$27,484,048
Net Assets
$4,916,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
TX
Principal Officer
DEBBIE HENDRIX
Phone
2819641751
Tax Period
2024-01-01 to 2024-12-31

UNITED ENERGY CREDIT UNION, founded in 1934, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $4.9M represent 27 months of operating reserves.

Mission

Cooperative provider of credit union financial services

Program Service Accomplishments

Program 1

SHARE ACCOUNTS: UNITED ENERGY CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAS ALMOST 3,651 MEMBER-OWNED ACCOUNTS ON DECEMBER 31, 2018. MEMBER SAVINGS...

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SHARE ACCOUNTS: UNITED ENERGY CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAS ALMOST 3,651 MEMBER-OWNED ACCOUNTS ON DECEMBER 31, 2018. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFERS ACCESS THROUGH THE SHARE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S NATIONWIDE

Program 2

CHECKING ACCOUNTS UNITED ENERGY CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. ADDITONALLY THE CREDIT UNION EXTENDS...

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CHECKING ACCOUNTS UNITED ENERGY CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. ADDITONALLY THE CREDIT UNION EXTENDS THE REACH OF ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCESS, AND FREE USE OF THE INTERNET BILL PAYER PLATFORM.

Program 3

CONSUMERS LOANS UNTED ENERGY CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS' EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL...

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CONSUMERS LOANS UNTED ENERGY CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS' EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS, MOTORCYCLES. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,810,800
Investment Income $322,446
Other Revenue $54,543
TOTAL REVENUE $2,187,789

Expense Breakdown

Grants Paid $0
Salaries & Benefits $777,829
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,369,499
TOTAL EXPENSES $2,147,328

Year-over-Year Comparison

2024 2023 Change
Revenue $2,187,789 $2,004,981 +0.1%
Expenses $2,147,328 $1,960,165 +0.1%
Net Income $40,461 $44,816 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$141,075
Total Directors
9
$0
Key Employees
1
$141,075
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE HENDRIX PRESIDENT / TREASURER 40
Officer Key Emp
$100,864 $40,211 $141,075
LYNETTE SEALY Chairman 1.00
Director
$0 $0 $0
Mathew Smith DIRECTOR 1.00
Director
$0 $0 $0
ELIZA CASTILLO DIRECTOR 1.00
Director
$0 $0 $0
RANDY HADDICK SECRETARY 1.00
Director
$0 $0 $0
Shonda Royston-Johnson Director 1
Director
$0 $0 $0
CEDRIC WILSON Vice Chairman 1
Director
$0 $0 $0
TRACEY PHAM DIRECTOR 1.00
Director
$0 $0 $0
Chris Wood DIRECTOR 1
Director
$0 $0 $0
DOMINIC HUANG DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,187,789 $2,147,328 $27,484,048 $40,461
2023 $2,004,981 $1,960,165 $28,898,988 $44,816
2022 $1,844,476 $1,715,856 $30,199,617 $128,620
2021 $1,802,423 $1,777,714 $29,407,548 $24,709
2020 $1,832,729 $1,873,986 $29,548,908 $-41,257
2019 $1,948,118 $1,933,996 $26,477,283 $14,122
2018 $1,947,233 $1,898,396 $26,276,278 $48,837
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