POLLOCK EMPLOYEES CREDIT UNION

EIN: 750500763

Dallas, TX

Total Revenue
$221,114
Total Expenses
$243,337
Total Assets
$5,101,604
Net Assets
$551,129
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
TX
Principal Officer
Gene Pittman
Phone
2146791405
Tax Period
2021-01-01 to 2021-12-31

POLLOCK EMPLOYEES CREDIT UNION, founded in 1934, is a small nonprofit that reported $221K in total revenue in fiscal year 2021. Revenue decreased 8% compared to the prior year. Expenses of $243K exceeded revenue, resulting in a 10% operating deficit.

Mission

Pollock Employees Credit Union is a cooperative thrift institution and is a member of the Texas Credit Union Department and National Credit Union Association. It is also a member of the Cornerstone Credit Union League. If offers share accounts, share draft accounts, 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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $203,918
Investment Income $16,304
Other Revenue $892
TOTAL REVENUE $221,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,005
Fundraising Expenses $0
Program Expenses $243,337
Other Expenses $116,332
TOTAL EXPENSES $243,337

Year-over-Year Comparison

2021 2020 Change
Revenue $221,114 $240,601 -0.1%
Expenses $243,337 $238,633 +0.0%
Net Income $-22,223 $1,968 -12.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
11

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
1
$43,496
Total Directors
9
$0
Key Employees
1
$43,496
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gene Pittman President 23.9
Officer Key Emp Highest
$43,496 $0 $43,496
Benny Parrish Board Chairman 0.50
Director
$0 $0 $0
Walter Drake Board Vice-Chairman 0.50
Director
$0 $0 $0
Tracy Vandiver Board Secretary 1.00
Director
$0 $0 $0
Mel Brown Board Director 0.50
Director
$0 $0 $0
Otis Conner Board Director 0.50
Director
$0 $0 $0
Richard Berk Board Director 0.50
Director
$0 $0 $0
Ron Herron Board Director 0.50
Director
$0 $0 $0
Ernie Beasley Board Director 0.50
Director
$0 $0 $0
Sandra Walker Board Director 0.50
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
2021 $221,114 $243,337 $5,101,604 $-22,223
2020 $240,601 $238,633 $4,963,192 $1,968
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