WEST TEXAS EDUCATORS CREDIT UNION

EIN: 750918872

ODESSA, TX

Total Revenue
$3,875,125
Total Expenses
$3,833,147
Total Assets
$62,828,306
Net Assets
$6,321,393
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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
2024
Legal Domicile
TX
Principal Officer
Angeline Wilson
Phone
4329340433
Tax Period
2024-01-01 to 2024-12-31

WEST TEXAS EDUCATORS CREDIT UNION, founded in 2024, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024.

Mission

| Explanation:| ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES WEST TEXAS CREDIT UNIONS MISSION IS TO FACILITATE THE FINANCIAL SECURITY OF ITS MEMBERS THROUGH A FULL RANGE OF HIGHLY COMPETITIVE PRODUCTS UNSECURED LOANS VEHICLE LOANS MORTGAGE LOANS LOW COST CHECKING AND DEBIT CARDS FINANCIAL EDUCATION AND FINANCIAL CONSULTING AND IN DOING SO WTCU SEEKS TO BE THE PROVIDER OF CHOICE FOR THE COMMUNITY. WTCU IS COMMITTED TO ACHIEVE THE HIGHEST QUALITY FINANCIAL SERVICES FOR OUR FIELD OF MEMBERSHIP THROUGH ALL LIFE EVENTS.

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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 $2,916,336
Investment Income $936,179
Other Revenue $22,610
TOTAL REVENUE $3,875,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,522,232
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,056,189
TOTAL EXPENSES $3,833,147

Year-over-Year Comparison

2024 2023 Change
Revenue $3,875,125 $3,868,076 +0.0%
Expenses $3,833,147 $3,488,160 +0.1%
Net Income $41,978 $379,916 -0.9%
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

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Governance

Voting Members
10
Independent Members
7
Employees
26
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
2
$263,144
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIAN RUBIO CEO 40.00
Officer
$168,600 $0 $168,600
Angeline Oliva Wilson CFO 40.00
Officer
$94,544 $0 $94,544
ROBERT BROWN CHAIRPERSON 0.00
Director
$0 $0 $0
CHARLES CARLSON BOARD MEMBER 0.00
Director
$0 $0 $0
RICKY CHANDLER BOARD MEMBER 0.00
Director
$0 $0 $0
MARY JARAMILLO BOARD MEMBER 0.00
Director
$0 $0 $0
DONNIE NORWOOD VICE CHARIMAN 0.00
Director
$0 $0 $0
GILBERT VASQUEZ BAORD MEMBER 0.00
Director
$0 $0 $0
PATRICK YOUNG BOARD MEMBER 0.00
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 $3,875,125 $3,833,147 $62,828,306 $41,978
2023 $3,868,076 $3,488,160 $62,401,961 $379,916
2021 $3,421,856 $3,430,768 $62,368,930 $-8,912
2020 $3,369,136 $3,004,078 $61,272,102 $365,058
2019 $2,969,663 $2,646,700 $57,547,328 $322,963
2018 $2,820,983 $2,603,232 $58,559,950 $217,751
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