FORT WORTH CITY CREDIT UNION

EIN: 750275573

FORT WORTH, TX

Total Revenue
$14,204,497
Total Expenses
$12,072,203
Total Assets
$303,096,452
Net Assets
$36,371,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
TX
Principal Officer
RON FOX
Phone
8177322803
Tax Period
2024-01-01 to 2024-12-31

FORT WORTH CITY CREDIT UNION, founded in 1929, is a mid-sized nonprofit that reported $14.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.1M, a strong 15% operating margin.

Mission

THE CREDIT UNION PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS. ITS PRIMARY DEPOSIT PRODUCTS ARE SHARE ACCOUNTS, CERTIFICATES OF DEPOSIT, AND SHARE DRAFT ACCOUNTS, WHILE ITS PRIMARY LOAN PRODUCTS ARE SINGLE FAMILY RESIDENCE AND CONSUMER 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,413,891
Investment Income $2,661,931
Other Revenue $128,675
TOTAL REVENUE $14,204,497

Expense Breakdown

Grants Paid $4,608
Salaries & Benefits $4,179,112
Fundraising Expenses $0
Other Expenses $7,888,483
TOTAL EXPENSES $12,072,203

Year-over-Year Comparison

2024 2023 Change
Revenue $14,204,497 $12,382,767 +0.1%
Expenses $12,072,203 $10,049,518 +0.2%
Net Income $2,132,294 $2,333,249 -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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
51
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
$736,881
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELSA PANIAGUA CHAIR 1.00
Officer Director
$0 $0 $0
RANDLE HARWOOD VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHARLIE RAMIREZ SEC/TREASURER 1.00
Officer Director
$0 $0 $0
FELESHIA COCHRAN DIRECTOR 1.00
Director
$0 $0 $0
FERNANDO GONZALEZ DIRECTOR 1.00
Director
$0 $0 $0
YOLANDA GONZALEZ DIRECTOR 1.00
Director
$0 $0 $0
BOB RILEY DIRECTOR 1.00
Director
$0 $0 $0
PAT SVACINA DIRECTOR 1.00
Director
$0 $0 $0
DAVID YETT DIRECTOR 1.00
Director
$0 $0 $0
RON FOX PRESIDENT & CEO 40.00
Officer
$307,223 $96,967 $404,190
MICHELLE JUSTICE CHIEF FINANCIAL OFFICER 40.00
Officer
$129,373 $65,123 $194,496
ODIE OZUNA VP OF LENDING (THRU 8/2024) 40.00
Officer
$87,984 $13,275 $101,259
RUSSELL PULLIAM VP OF LENDING (AS OF 10/2024) 40.00
Officer
$34,430 $2,506 $36,936
ROSS GENTIS VP OF INFORMATION SYSTEM 40.00
Highest
$139,600 $55,713 $195,313
GINGER RENDON VP OF MEMBER SERVICES 40.00
Highest
$113,798 $48,620 $162,418
SARAH GREEN VP OF MARKETING 40.00
Highest
$103,043 $34,024 $137,067
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 $14,204,497 $12,072,203 $303,096,452 $2,132,294
2023 $12,382,767 $10,049,518 $300,482,440 $2,333,249
2022 $11,089,026 $8,385,733 $303,013,348 $2,703,293
2021 $9,680,681 $7,567,815 $291,322,643 $2,112,866
2020 $9,400,902 $7,346,650 $249,852,822 $2,054,252
2019 $9,310,427 $7,877,908 $212,006,392 $1,432,519
2018 $8,562,938 $6,735,051 $203,237,621 $1,827,887
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