MEMORIAL CREDIT UNION

EIN: 741240617

HOUSTON, TX

Total Revenue
$6,329,807
Total Expenses
$6,564,177
Total Assets
$87,687,672
Net Assets
$9,365,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
TX
Principal Officer
Thomas Rogers
Phone
7137786300
Tax Period
2025-01-01 to 2025-12-31

MEMORIAL CREDIT UNION, founded in 1953, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year.

Mission

OUR MISSION IS TO GROW THE FINANCIAL HEALTH OF OUR MEMBERS AND THEIR FAMILIES FOR YEARS TO COME, STARTING WITH HOW WE CAN HELP THEM TODAY.

Program Service Accomplishments

Program 1
Expenses: $2,827,312 Revenue: $506,358

SHARE ACCOUNT: CREDIT UNION'S SHARE ACCOUNT OFFER ADVANTAGES TO MEMBERS OF ALL AGES, CREDIT UNION HAD 9,902 MEMBERS AS OF DECEMBER 31, 2025. MEMBERS SAVINGS ACCOUNT PAY MONTHLY DIVIDENDS. MEMBERS CAN...

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SHARE ACCOUNT: CREDIT UNION'S SHARE ACCOUNT OFFER ADVANTAGES TO MEMBERS OF ALL AGES, CREDIT UNION HAD 9,902 MEMBERS AS OF DECEMBER 31, 2025. MEMBERS SAVINGS ACCOUNT PAY MONTHLY DIVIDENDS. MEMBERS CAN USE THE HOME BANKING AND MOBILE BANKING TO CHECK THEIR ACCOUNTS.THE BRANCH NETWORK AND ATM'S ARE WORLDWIDE. SPECIAL ACCOUNT FOR MINORS TO ENCOURAGE CONSISTENT SAVINGS HABITS. MEMBERS CAN JOIN CHRISTMAS AND VACATION CLUB ACCOUNTS.

Program 2
Expenses: $297,503 Revenue: $628,303

CHECKING ACCOUNT: CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FREE CHECKING ACCOUNT TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT PAY MONTHLY. THE...

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CHECKING ACCOUNT: CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FREE CHECKING ACCOUNT TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT PAY MONTHLY. THE CREDIT UNION EXTENDS THESE ACCOUNTS TO ALL THE MEMBERS WITH FREE DEBIT CARD, ONLINE BANKING ACCESS, MOBILE APP, FREE REMOTE DEPOSIT AND BILL PAY SERVICES.

Program 3
Expenses: $1,171,503 Revenue: $4,564,575

LOAN: CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. OTHER PRODUCT LINES NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOAT AND MOTORCYCLES...

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LOAN: CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. OTHER PRODUCT LINES NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOAT AND MOTORCYCLES. MEMBERS CAN HAVE PAYMENT PROTECTION AVAILABLE ON ANY OF THESE LOAN TYPES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,221,955
Investment Income $477,280
Other Revenue $630,572
TOTAL REVENUE $6,329,807

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,217,755
Fundraising Expenses $0
Program Expenses $6,564,178
Other Expenses $3,807,811
TOTAL EXPENSES $6,564,177

Year-over-Year Comparison

2025 2024 Change
Revenue $6,329,807 $6,697,524 -0.1%
Expenses $6,564,177 $6,628,424 0.0%
Net Income $-234,370 $69,100 -4.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
29
Volunteers
7

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
$201,775
Total Directors
7
$0
Key Employees
1
$201,775
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS ROGERS CEO 40
Officer Key Emp
$201,775 $0 $201,775
ROBYN OLIVE EVP 40
Highest
$158,697 $0 $158,697
TRICIA MACAULAY VP OF LENDING 40
Highest
$132,811 $0 $132,811
ANTHONY JULIAN VP OF COLLECTIONS 40
Highest
$125,364 $0 $125,364
PAUL WENZ BOARD MEMBER 1
Director
$0 $0 $0
VICKI M JONES CHAIRPERSON 1
Director
$0 $0 $0
MARY BAKER BOARD SECRETARY 1
Director
$0 $0 $0
JOE DICKSON BOARD TREASURER 1
Director
$0 $0 $0
KERRY ROSE BOARD MEMBER 1
Director
$0 $0 $0
VALENTINO MURPHY VICE CHAIRPERSON 1
Director
$0 $0 $0
AUDREY BARNETT BOARD MEMBER 1
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
2025 $6,329,807 $6,564,177 $87,687,672 $-234,370
2024 No data No data No data No data
2023 $6,476,716 $6,077,536 $94,569,265 $399,180
2022 $6,273,128 $5,356,350 $94,243,992 $916,778
2021 $5,778,606 $5,520,099 $92,769,186 $258,507
2020 $5,942,190 $5,670,787 $90,904,421 $271,403
2019 $5,947,594 $5,678,147 $74,036,050 $269,447
2018 $5,854,465 $5,626,329 $73,430,039 $228,136
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