INVESTEX CREDIT UNION

EIN: 741325622

HUMBLE, TX

Total Revenue
$13,746,430
Total Expenses
$13,094,159
Total Assets
$239,588,336
Net Assets
$240,322,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
TX
Principal Officer
Keith Kearney
Phone
2814490109
Tax Period
2025-01-01 to 2025-12-31

INVESTEX CREDIT UNION, founded in 1952, is a mid-sized nonprofit that reported $13.7M in total revenue in fiscal year 2025. Expenses of $13.1M left a modest 5% surplus.

Mission

InvesTex Credit Union is dedicated to the highest quality service for its members, while maintaining a solid financial foundation. Our core values reflect the strong character of our members and our growing relationship with them. Voluntary, cooperative,non-profit savings institution(credit union) incorporated under the provisions of the Texas Credit Union Act.

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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 $11,957,824
Investment Income $1,788,606
Other Revenue $0
TOTAL REVENUE $13,746,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,370,480
Fundraising Expenses $0
Program Expenses $13,094,159
Other Expenses $4,985,518
TOTAL EXPENSES $13,094,159

Year-over-Year Comparison

2025 2024 Change
Revenue $13,746,430 $12,980,783 +0.1%
Expenses $13,094,159 $12,841,149 +0.0%
Net Income $652,271 $139,634 +3.7%
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
9
Independent Members
N/A
Employees
66
Volunteers
9

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
7
$1,436,660
Total Directors
11
$27,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Kearney CEO/President 40
Officer
$511,574 $0 $511,574
Kelly Payne Senior Vice President Human Resources 40
Officer
$181,916 $0 $181,916
John Tomson Executive Vice President 40
Officer
$166,257 $0 $166,257
Rene Paredez Vice President Accounting 40
Officer
$149,970 $0 $149,970
David Durham Vice President Branch Administration 40
Officer
$148,378 $0 $148,378
Matthew Spisak Senior Vice President Lending & Branch Administration 40
Officer
$142,543 $0 $142,543
Jana Gonzales Vice President Business Development 40
Officer
$136,022 $0 $136,022
Allan Griffin Board Member 5
Director
$3,000 $0 $3,000
Robert Williams Board Member 5
Director
$3,000 $0 $3,000
Dorothea Pickens Board Member 5
Director
$3,000 $0 $3,000
Phyllis Kennedy Board Member 5
Director
$3,000 $0 $3,000
William Lakin Jr Board Member 5
Director
$3,000 $0 $3,000
Stephen Havemann Board Member 5
Director
$3,000 $0 $3,000
Cathy Parachos Chairperson of the Board 5
Director
$2,750 $0 $2,750
Teresa Dossman Board Member 5
Director
$2,750 $0 $2,750
Dan Calvert Board Member 5
Director
$2,250 $0 $2,250
Jennifer Duffer Advisory Committee 5
Director
$1,000 $0 $1,000
Billy Beattie Advisory Committee 5
Director
$1,000 $0 $1,000
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
2025 $13,746,430 $13,094,159 $239,588,336 $652,271
2024 No data No data No data No data
2023 $12,245,306 $11,217,244 $236,673,209 $1,028,062
2022 $11,757,085 $9,749,893 $240,942,803 $2,007,192
2021 $10,751,669 $9,191,361 $266,144,576 $1,560,308
2020 $11,294,013 $10,635,441 $250,127,998 $658,572
2019 $11,600,658 $10,625,280 $222,341,917 $975,378
2018 $11,068,686 $10,068,102 $201,735,645 $1,000,584
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