CENTEX CITIZENS CREDIT UNION

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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

1954

Legal Domicile

Principal Officer

TAMI GRIFFIN

Phone

2545629296

Tax Period

2024-01-01 to 2024-12-31

CENTEX CITIZENS CREDIT UNION, founded in 1954, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

TO SERVE OUR MEMBERS' FINANCIAL NEEDS WITH QUALITY SERVICE AND INNOVATIVE TECHNOLOGY, WHILE MAINTAINING FINANCIAL STRENGTH, SECURITY AND STABILITY.

Program Service Accomplishments

Program 1

SHARE ACCOUNTS: CENTEX CITIZENS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH OUR MAIN OFFICE AND...

SHARE ACCOUNTS: CENTEX CITIZENS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH OUR MAIN OFFICE AND BRANCH LOCATION. ACCESS IS ALSO AVAILABLE THROUGH THE INTERNET HOME BANKING, TELEPHONE, AUDIO RESPONSE AND ATM'S. CENTEX CITIZENS CREDIT UNION HAS A YOUTH SAVINGS PROGRAM THAT ENCOURAGES CONSISTENT SAVINGS HABITS. CENTEX CITIZENS CREDIT UNION HAS APPROXIMATELY 11,691 MEMBERS.

Program 2

CHECKING ACCOUNTS: CENTEX CITIZENS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, MOST OF WHICH OFFER MONTHLY PAID DIVIDENDS. OUR MEMBERS HAVE ACCESS TO THEIR ACCOUNTS THROUGH TWO LOCATIONS, FREE DEBIT CARDS, FREE ATM CARDS AND FREE INTERNET ONLINE BANKING. WE ALSO OFFER A BILL PAY FEATURE WITH UNLIMITED TRANSACTIONS FOR FREE. 54% OF MEMBERS HAVE CHECKING ACCOUNTS.

Program 3

CONSUMER LOANS: CENTEX CITIZENS CREDIT UNION HAS PROVIDED CONSUMER SIGNATURE LOANS FROM THE BEGINNING. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING WITH FLEXIBLE OFFERINGS FOR VEHICLES, RECREATIONAL VEHICLES, WATER CRAFTS, MOTORCYCLES, HOME FURNISHINGS, HOME LAWN EQUIPMENT AND SHARE AND CERTIFICATE BACKED LOANS. BOTH LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,696,537

Investment Income $1,038,935

Other Revenue $100,000

TOTAL REVENUE $7,835,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,042,876

Fundraising Expenses $0

Other Expenses $3,592,218

TOTAL EXPENSES $6,556,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,835,472	$6,719,023	+0.2%
Expenses	$6,556,223	$5,551,085	+0.2%
Net Income	$1,279,249	$1,167,938	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$529,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMI GRIFFIN	PRESIDENT/CEO	40.00	Officer	$165,057	$15,967	$181,024
ARIEL MINCHEW	VP OF ACCOUNTING	40.00	Officer	$82,776	$12,792	$95,568
CAMESHA BUSBY	VP OF MARKETING	40.00	Officer	$73,209	$12,213	$85,422
BRANDI JONES	VP OF OPERATIONS/LENDING	40.00	Officer	$72,271	$12,308	$84,579
LATONYA MOLINA	VP OF ADMINISTRATION	40.00	Officer	$70,978	$12,249	$83,227
RICHARD JOHNSON	CHAIR	1.00	Officer Director	$0	$0	$0
DENNIS WILSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TERRY DON SHIVERS	TREASURER	1.00	Officer Director	$0	$0	$0
DR JOE SAUCEDO	SECRETARY	1.00	Officer Director	$0	$0	$0
MICAH ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR BUSBY JR	DIRECTOR	1.00	Director	$0	$0	$0
TARA WAGGENER	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
2025	No data	No data	No data	No data
2024	$7,835,472	$6,556,223	$103,531,787	$1,279,249
2023	$6,719,023	$5,551,085	$101,609,589	$1,167,938
2022	$5,598,323	$4,655,309	$94,824,828	$943,014
2021	$4,682,506	$4,182,335	$98,117,484	$500,171
2020	$4,365,839	$4,409,833	$89,593,723	$-43,994
2020	$4,365,839	$4,409,833	$89,737,689	$-43,994
2020	$4,365,839	$4,409,833	$89,737,689	$-43,994
2019	$4,724,161	$4,323,883	$79,501,349	$400,278
2018	$4,451,138	$3,985,387	$70,085,580	$465,751