EASTEX 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

1955

Legal Domicile

Principal Officer

LORETTA CHATAGNIER

Phone

4092762525

Tax Period

2023-01-01 to 2023-12-31

EASTEX CREDIT UNION, founded in 1955, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.8M left a modest 5% surplus.

Mission

TO PROVIDE PEOPLE WITH THE BEST FINANCIAL SOLUTIONS.

Program Service Accomplishments

Program 1

EASTEX CREDIT UNION IS A COOPERATIVE PROMOTING FINANCIAL STABILITY TO OUR MEMBERSHIP. WE ACCOMPLISH THIS BY INVESTING MEMBERSHIP FUNDS AND PROVIDING LOANS AND DEPOSITS WHICH GIVE US THE OPERATING...

EASTEX CREDIT UNION IS A COOPERATIVE PROMOTING FINANCIAL STABILITY TO OUR MEMBERSHIP. WE ACCOMPLISH THIS BY INVESTING MEMBERSHIP FUNDS AND PROVIDING LOANS AND DEPOSITS WHICH GIVE US THE OPERATING INCOME AND CASHFLOW WE NEED TO PROVIDE THESE SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,408,027

Investment Income $482,173

Other Revenue $196,406

TOTAL REVENUE $6,086,606

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $2,008,076

Fundraising Expenses $0

Other Expenses $3,786,424

TOTAL EXPENSES $5,804,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,086,606	$5,553,461	+0.1%
Expenses	$5,804,500	$5,236,747	+0.1%
Net Income	$282,106	$316,714	-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

$289,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PARSLEY	CHAIRMAN	1.00	Director	$0	$0	$0
DIANE ETUE	V. CHAIRMAN	1.00	Director	$0	$0	$0
MARLENE LACY	BOD MEMBER	1.00	Director	$0	$0	$0
SHANNON ADAMS	BOD MEMBER	1.00	Director	$0	$0	$0
RUSTY MINYARD	BOD MEMBER	1.00	Director	$0	$0	$0
MARVIN MOTT	BOD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN BRUCE	BOD MEMBER	1.00	Director	$0	$0	$0
LORETTA CHATAGNIER	PRESIDENT/CEO	40.00	Officer	$174,715	$16,449	$191,164
CONNIE HAWTHORNE	COO	40.00	Officer	$79,010	$19,105	$98,115

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	No data	No data	No data	No data
2023	$6,086,606	$5,804,500	$116,594,574	$282,106
2022	$5,553,461	$5,236,747	$114,544,925	$316,714
2021	$5,242,094	$4,456,225	$111,835,033	$785,869
2020	$5,210,109	$4,247,426	$103,149,037	$962,683
2019	$5,172,265	$4,281,900	$87,818,043	$890,365
2018	$4,995,271	$4,311,954	$83,646,520	$683,317