CREDIT UNION OF TEXAS (EIN 750225045) - Form 990 Financial Analysis & Trantor Score

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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

1931

Legal Domicile

Principal Officer

VANCE E POINTER

Phone

9722639497

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNION OF TEXAS, founded in 1931, is a major nonprofit that reported $187.6M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $177.0M left a modest 6% surplus.

Mission

WE PROVIDE VARIOUS FINANCIAL PRODUCTS INCLUDING CONSUMER AND COMMERCIAL LOANS, LEASES, AND REAL ESTATE LOANS. SAVINGS PRODUCTS INCLUDE SHARES, SHARE DRAFTS, MONEY MARKET ACCOUNTS, CDS AND IRAS.

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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 $165,253,009

Investment Income $8,012,925

Other Revenue $14,327,177

TOTAL REVENUE $187,593,111

Expense Breakdown

Grants Paid $521,833

Salaries & Benefits $49,914,995

Fundraising Expenses $0

Other Expenses $125,163,727

TOTAL EXPENSES $177,028,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,593,111	$136,553,125	+0.4%
Expenses	$177,028,470	$118,258,471	+0.5%
Net Income	$10,564,641	$18,294,654	-0.4%

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

Governance

Voting Members

Independent Members

Employees

749

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

$3,083,521

Total Directors

$528,698

Key Employees

$5,243,640

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANIE WORST	CHAIRPERSON	1.00	Director	$58,955	$0	$58,955
TROY A MATHIEU	BOD VICE CHAIRPERSON	1.00	Director	$52,641	$0	$52,641
RAFAEL C DIAZ	BOD TREASURER	1.00	Director	$58,851	$0	$58,851
MARELOU M CISNEROS	BOD SECRETARY	1.00	Director	$52,207	$0	$52,207
ADRIAN WILLIAMS	BOD MEMBER	1.00	Director	$51,478	$0	$51,478
ANTHONY U BARBER	BOD MEMBER	1.00	Director	$53,928	$0	$53,928
BRIAN HARVEY	BOD MEMBER	1.00	Director	$0	$0	$0
CHRIS L WHITE	BOD MEMBER	1.00	Director	$54,278	$0	$54,278
JERRY D CHRISTIAN	BOD MEMBER	1.00	Director	$52,878	$0	$52,878
RANDALL CHADDICK	BOD MEMBER	1.00	Director	$51,128	$0	$51,128
LISA WELLBORN	BOD MEMBER	1.00	Director	$42,354	$0	$42,354
VANCE E POINTER	PRESIDENT AND CEO	40.00	Officer	$2,095,068	$437,280	$2,532,348
KERRY J WHITSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$418,769	$132,404	$551,173
ANGELA M FAUST	SVP CHIEF OPERATIONS OFFIC	40.00	Key Emp	$459,520	$131,556	$591,076
COURTNEY L COSS	CHIEF RETAIL OFFICER	40.00	Key Emp	$387,053	$162,005	$549,058
EDWIN F ARMY	CHIEF MARKETING/ENGAGEMENT	40.00	Key Emp	$361,415	$137,420	$498,835
MICHAEL VINING	CHIEF INFORMATION OFFICER	40.00	Key Emp	$290,696	$156,250	$446,946
ROCKY A MUNIZ-GONZALEZ	CHIEF INVESTMENT OFFICER	40.00	Key Emp	$324,306	$26,622	$350,928
JAMES W POST	CHIEF FACILITIES OFFICER	40.00	Key Emp	$539,337	$82,451	$621,788
BARRY R SMITH	PRESIDENT EASTERN TEXAS	40.00	Key Emp	$307,512	$50,028	$357,540
ADRIAN MELENDEZ	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$250,578	$131,966	$382,544
BLAKE RICHARDSON	EXECUTIVE VP	40.00	Key Emp	$1,441,463	$3,462	$1,444,925
CHRISTOPHER D MURPHY	CHIEF RISK OFFICER	40.00	Highest	$269,597	$24,702	$294,299
CARRIE B HOAGENSON	VP CONSUMER LENDING	40.00	Highest	$327,700	$36,675	$364,375
REVANTH REDDY BAIRI	HEAD OF DIGITAL DATA ANALYTIC	40.00	Highest	$229,981	$22,062	$252,043
RICHARD B WHITMAN	PRESIDENT TEXAS MORTGAGE L	40.00	Highest	$250,542	$7,880	$258,422
BILL BEAUCHENE	MANAGER SALESFORCE	40.00	Highest	$227,731	$38,394	$266,125

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	$187,593,111	$177,028,470	$2,510,763,982	$10,564,641
2022	$136,553,125	$118,258,471	$2,425,361,703	$18,294,654
2021	$114,589,686	$89,565,020	$1,777,913,030	$25,024,666
2020	$95,135,048	$88,973,613	$1,561,469,716	$6,161,435
2019	$92,923,025	$86,852,172	$1,393,394,999	$6,070,853
2018	$89,242,790	$85,057,387	$1,420,679,359	$4,185,403

CREDIT UNION OF TEXAS