NATIONAL OILWELL VARCO EMPLOYEES CREDIT UNION

EIN: 756027993

Houston, TX

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
1953
Legal Domicile
TX
Principal Officer
Stacey Adams
Phone
7132441164
Tax Period
2020-01-01 to 2020-12-31

Mission

Voluntary cooperative thrift institution, provider of credit union financial services.

Program Service Accomplishments

Program 1

Share Accounts. National Oilwell Varco Employees Credit Union's share (savings) accounts offer advantages to members of all ages. The Credit Union had approximately 1,865 member-owned accounts on...

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Share Accounts. National Oilwell Varco Employees Credit Union's share (savings) accounts offer advantages to members of all ages. The Credit Union had approximately 1,865 member-owned accounts on April 30, 2020. Member share/savings accounts earned dividends (interest) quarterly at a competitive rate. These accounts promoted financial thrift.

Program 2

Consumer Loans. National Oilwell Varco Employees Credit Union has provided vehicle loans and personal, unsecured loans since its early years. The consumer product line included underwriting and...

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Consumer Loans. National Oilwell Varco Employees Credit Union has provided vehicle loans and personal, unsecured loans since its early years. The consumer product line included underwriting and flexible offerings for recreational vehicles, boats and motor cycles. Consumer life and disability insurance was available on all of these different loan types.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2020 2019 Change
Revenue N/A $449,810 -1.0%
Expenses N/A $233,236 -1.0%
Net Income N/A $216,574 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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
4
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
1
$89,410
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacey Adams President Manager 40.00
Officer
$87,859 $1,551 $89,410
Michael Fine Chairman 2.0
Director
$0 $0 $0
Betty June Hernandez Vice Chairman 1.00
Director
$0 $0 $0
Edward L Corvin Treasurer 1.0
Director
$0 $0 $0
Cassandra Chiaro Secretary 3.0
Director
$0 $0 $0
Vincent J Gillespie Director 1.0
Director
$0 $0 $0
Karyn E Kramer Director 1.0
Director
$0 $0 $0
Kimberly A Hebert Director 1.0
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
2020 No data No data No data No data
2019 $449,810 $233,236 $14,084,266 $216,574
2018 $387,533 $167,108 $15,059,502 $220,425
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