Hockley County School Employees Credit Union

EIN: 751076864

Levelland, TX

Total Revenue
$2,947,657
Total Expenses
$3,101,549
Total Assets
$43,343,277
Net Assets
$4,188,870
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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
1954
Legal Domicile
TX
Principal Officer
Russell Vest
Phone
8068946204
Tax Period
2025-01-01 to 2025-12-31

Hockley County School Employees Credit Union, founded in 1954, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Provide financial services to its Members

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,429,106
Investment Income $485,980
Other Revenue $32,571
TOTAL REVENUE $2,947,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $901,374
Fundraising Expenses $0
Other Expenses $2,200,175
TOTAL EXPENSES $3,101,549

Year-over-Year Comparison

2025 2024 Change
Revenue $2,947,657 $2,654,469 +0.1%
Expenses $3,101,549 $2,642,662 +0.2%
Net Income $-153,892 $11,807 -14.0%
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
6
Independent Members
6
Employees
15
Volunteers
N/A

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
$135,658
Total Directors
7
$135,658
Key Employees
1
$135,658
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lyndon Hardin Chair 1.00
Officer Director
$0 $0 $0
Billy Race Vice Chair 1.00
Officer Director
$0 $0 $0
Donna Pugh Secretary 1.00
Officer Director
$0 $0 $0
Melissa Cavazos Board 1.00
Director
$0 $0 $0
Royce Blackshear Board 1.00
Director
$0 $0 $0
Abel Perez Jr Board 1.00
Director
$0 $0 $0
Russell Vest Treasurer, CEO 50.00
Officer Director Key Emp
$135,658 $0 $135,658
Brandy Montgomery Loan Officer 40.00
Highest
$314,008 $0 $314,008
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 $2,947,657 $3,101,549 $43,343,277 $-153,892
2024 No data No data No data No data
2023 $2,203,616 $2,060,661 $37,652,612 $142,955
2022 $1,654,936 $1,419,293 $34,286,838 $235,643
2021 $1,465,689 $1,231,558 $33,266,830 $234,131
2020 $1,527,569 $1,384,588 $28,938,104 $142,981
2019 $1,623,163 $1,613,706 $30,357,138 $9,457
2018 $1,608,712 $1,557,158 $30,286,146 $51,554
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