POSTEL FAMILY CREDIT UNION

EIN: 750813625

Wichita Falls, TX

Total Revenue
$5,546,914
Total Expenses
$3,658,684
Total Assets
$75,923,058
Net Assets
$9,017,217
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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
Rick Hanson
Phone
9407618600
Tax Period
2024-01-01 to 2024-12-31

POSTEL FAMILY CREDIT UNION, founded in 1929, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.9M, a strong 34% operating margin.

Mission

POSTEL FAMILY CREDIT UNION is a not-for-profit financial cooperative and is a member of the National Credit Union Administration Fund. The credit union is regulated by the State of Texas Credit Union Department as well as the National Credit Union Administration. (Con't on Sch O.)

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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 $3,319,835
Investment Income $611,085
Other Revenue $1,615,994
TOTAL REVENUE $5,546,914

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,168,779
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,489,905
TOTAL EXPENSES $3,658,684

Year-over-Year Comparison

2024 2023 Change
Revenue $5,546,914 N/A N/A
Expenses $3,658,684 N/A N/A
Net Income $1,888,230 $0 N/A
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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Governance

Voting Members
7
Independent Members
7
Employees
25
Volunteers
7

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
4
$366,833
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rick Hanson President/CEO 40
Officer
$142,406 $0 $142,406
Steve Hanson Vice President Chief Lending Officer 40
Officer
$83,313 $0 $83,313
Linda Frost Vice President COO 40
Officer
$81,341 $0 $81,341
Candace Perez AVP, Accounting Manager 40
Officer
$59,773 $0 $59,773
Joe Ryckoff Board Chairman 1
Director
$0 $0 $0
Robert Fonck Vice Chairman 1
Director
$0 $0 $0
John Luig Jr Secretary Treasurer 1
Director
$0 $0 $0
Weldon Day Board Member 1
Director
$0 $0 $0
Bill Presson Board Member 1
Director
$0 $0 $0
Mark Beauchamp Board Member 1
Director
$0 $0 $0
David Zentgraf Board Member 1
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
2024 $5,546,914 $3,658,684 $75,923,058 $1,888,230
2023 $3,880,261 $3,661,258 $73,418,928 $219,003
2022 $3,582,610 $3,175,264 $75,778,596 $407,346
2021 $3,554,684 $3,142,911 $76,236,804 $411,773
2020 $3,452,573 $3,191,381 $71,523,655 $261,192
2019 $3,591,895 $3,082,144 $61,687,122 $509,751
2018 $3,406,670 $3,189,124 $61,041,065 $217,546
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