RICHARDSON, TX
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)TEXANS CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $98.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23.9M, a strong 24% operating margin.
TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW. THE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNION'S FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBER OWNERS.
LOANS: THE CREDIT UNION PROVIDES LOANS OF ALL TYPES IN MANY DIFFERENT CATEGORIES. THE OFFERINGS INCLUDE CONSUMER AUTOMOBILE LOANS, UNSECURED LOANS, RESIDENTIAL MORTGAGE LOANS, HOME EQUITY AND HOME...
LOANS: THE CREDIT UNION PROVIDES LOANS OF ALL TYPES IN MANY DIFFERENT CATEGORIES. THE OFFERINGS INCLUDE CONSUMER AUTOMOBILE LOANS, UNSECURED LOANS, RESIDENTIAL MORTGAGE LOANS, HOME EQUITY AND HOME IMPROVEMENT LOANS. AS PART OF THE LOAN PROGRAM THE CREDIT UNION ALSO OFFERS SEVERAL LOAN RELATED INSURANCE PRODUCTS SUCH AS CREDIT LIFE AND DISABILITY, MECHANICAL BREAKDOWN AND GAP INSURANCE.
SHARES SAVINGS AND CERTIFICATES OF DEPOSITS: THE CREDIT UNION OFFERS A NUMBER OF SHARE SAVINGS ACCOUNTS, MONEY MARKET SAVINGS, AND IRA SAVINGS ACCOUNTS. THESE ACCOUNTS PAY DIVIDENDS MONTHLY. OTHER...
SHARES SAVINGS AND CERTIFICATES OF DEPOSITS: THE CREDIT UNION OFFERS A NUMBER OF SHARE SAVINGS ACCOUNTS, MONEY MARKET SAVINGS, AND IRA SAVINGS ACCOUNTS. THESE ACCOUNTS PAY DIVIDENDS MONTHLY. OTHER TYPES OF DEPOSIT SAVINGS OFFERINGS INCLUDES CERTIFICATES OF DEPOSIT, BOTH REGULAR MEMBER CERTIFICATES AND IRA CERTIFICATES. THE CERTIFICATES PAY INTEREST ON A MONTHLY BASIS.
CHECKING ACCOUNTS: THE CREDIT UNION OFFERS TWO CHECKING ACCOUNT PRODUCTS. ONE ACCOUNT HAS SIMPLE WAYS TO WAIVE THE MONTHLY SERVICE CHARGE. THE OTHER OFFERS DIVIDENDS TO THOSE MEMBERS WITH HIGHER...
CHECKING ACCOUNTS: THE CREDIT UNION OFFERS TWO CHECKING ACCOUNT PRODUCTS. ONE ACCOUNT HAS SIMPLE WAYS TO WAIVE THE MONTHLY SERVICE CHARGE. THE OTHER OFFERS DIVIDENDS TO THOSE MEMBERS WITH HIGHER BALANCES. BOTH PRODUCTS HAVE FEATURES THAT INCLUDE FREE E-SERVICES AND ACCESS TO THOUSANDS OF ATMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $98,558,127 | $76,501,082 | +0.3% |
| Expenses | $74,644,234 | $50,324,677 | +0.5% |
| Net Income | $23,913,893 | $26,176,405 | -0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GEORGE CONSOLVER | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| ED FAWCETT | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| ESTELLA MARTINEZ | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS BOEDECKER | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| LORI DANIEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHYAMAL PARIKH | ADVISORY DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FAHAD AWAIS | ADVISORY DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARTS JURGEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID FRAZIER | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$797,234 | $43,465 | $840,699 |
| MICHAEL MCWETHY | EXECUTIVE VICE PRESIDENT | 40.00 |
Officer
|
$441,924 | $296,377 | $738,301 |
| BENJAMIN HART | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$330,569 | $263,580 | $594,149 |
| JENNIFER SHORT | CHIEF PEOPLE OFFICER | 40.00 |
Officer
|
$249,164 | $30,847 | $280,011 |
| TANYA PATTERSON | VP IT SYSTEMS | 40.00 |
Highest
|
$232,575 | $28,889 | $261,464 |
| JIANJUN BAI | VP DEV & HOST SYSTEMS | 40.00 |
Highest
|
$227,880 | $24,245 | $252,125 |
| DANIEL MATHEWS | VP CONSUMER LENDING | 40.00 |
Highest
|
$221,304 | $20,618 | $241,922 |
| ANGELA JACKSON | VP REAL ESTATE LENDING | 40.00 |
Highest
|
$213,670 | $19,690 | $233,360 |
| TRACY MONTEZ | SVP CONTROLLER | 40.00 |
Highest
|
$194,355 | $26,431 | $220,786 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $98,558,127 | $74,644,234 | $2,195,933,253 | $23,913,893 |
| 2022 | $76,501,082 | $50,324,677 | $2,155,551,665 | $26,176,405 |
| 2021 | $56,103,692 | $40,157,461 | $2,114,687,717 | $15,946,231 |
| 2020 | $52,798,769 | $37,129,901 | $1,881,983,731 | $15,668,868 |
| 2019 | $61,592,504 | $36,349,197 | $1,606,022,803 | $25,243,307 |
| 2019 | $61,592,504 | $36,349,197 | $1,606,022,803 | $25,243,307 |
| 2018 | $60,195,306 | $34,978,264 | $1,572,471,414 | $25,217,042 |
Compare TEXANS CREDIT UNION with other nonprofits in Texas and across the country.