PRIORITY TRUST CREDIT UNION

EIN: 740695230

Houston, TX

Total Revenue
$16,135,767
Total Expenses
$15,195,506
Total Assets
$194,130,565
Net Assets
$188,534,736
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
TX
Principal Officer
Malcolm Renee
Phone
7139706273
Tax Period
2024-01-01 to 2024-12-31

PRIORITY TRUST CREDIT UNION, founded in 1929, is a mid-sized nonprofit that reported $16.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $15.2M left a modest 6% surplus.

Mission

To provide banking and loan services to members in order to invest in people and improve lives.

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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 $711,000
Program Service Revenue $12,960,053
Investment Income $2,464,714
Other Revenue $0
TOTAL REVENUE $16,135,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,752,433
Fundraising Expenses $0
Program Expenses $8,699,983
Other Expenses $9,443,073
TOTAL EXPENSES $15,195,506

Year-over-Year Comparison

2024 2023 Change
Revenue $16,135,767 $13,776,593 +0.2%
Expenses $15,195,506 $13,380,210 +0.1%
Net Income $940,261 $396,383 +1.4%
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
13
Independent Members
13
Employees
92
Volunteers
N/A

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
0
$0
Total Directors
13
$77,000
Key Employees
2
$360,605
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Malcolm Rene CEO 40.00
Key Emp
$220,000 $0 $220,000
Daniel Caldwell CFO 40.00
Key Emp
$140,605 $0 $140,605
Wendell Greanleaf Chairman 1.00
Director
$6,000 $0 $6,000
Ed Martindale Vice-Chair 1.00
Director
$6,000 $0 $6,000
Roderick Newman Secretary 1.00
Director
$5,000 $0 $5,000
Margaret Glass Treasurer 1.00
Director
$6,000 $0 $6,000
Mary Watson Parlimentarian 1.00
Director
$6,000 $0 $6,000
Charles Charleston Secretary 1.00
Director
$6,000 $0 $6,000
John Glenn Director 1.00
Director
$6,000 $0 $6,000
Edward Johnson Director 1.00
Director
$6,000 $0 $6,000
Gayle Reed Director 1.00
Director
$6,000 $0 $6,000
Chuck Richard Director 1.00
Director
$6,000 $0 $6,000
Debra Pruitt Director 1.00
Director
$6,000 $0 $6,000
Gina Goosby Director 1.00
Director
$6,000 $0 $6,000
Vic Ayres Director 1.00
Director
$6,000 $0 $6,000
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 $16,135,767 $15,195,506 $194,130,565 $940,261
2023 $13,776,593 $13,380,210 $189,539,846 $396,383
2022 $15,178,327 $14,702,092 $196,739,060 $476,235
2021 $9,356,644 $8,809,553 $132,777,176 $547,091
2019 $9,709,604 $8,983,194 $123,024,703 $726,410
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