Civic Intelligence

Community Resource Credit Union

EIN 74-1109927 • 501(c)14 • Baytown, TX

Profile

To help our members achieve financial well-being, through a lifetime partnership providing exceptional service & quality products.

3110 Rollingcreek DrBaytown, TX 77521

www.crcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.91x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

12.08x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

53rd percentile

10%

Higher net margin than 53% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

70th percentile

5.4%

Faster asset growth than 70% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

20%

Faster revenue growth than 74% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$895,067,097

Up $46,123,072 (+5.4%) from 2023

Liabilities

Up

$814,574,378

Up $33,247,067 (+4.3%) from 2023

Net Assets

Up

$80,492,719

Up $12,876,005 (+19%) from 2023

Revenue

Up

$67,415,325

Up $11,382,676 (+20%) from 2023

Expenses

Up

$60,587,487

Up $10,017,994 (+20%) from 2023

Net Income

Up

$6,827,838

Up $1,364,682 (+25%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0B$500M$0Assets 2011: $292,266,166Liabilities 2011: $265,840,059Net Assets 2011: $26,426,1072011Assets 2012: $305,918,280Liabilities 2012: $277,772,328Net Assets 2012: $28,145,9522012Assets 2013: $329,236,688Liabilities 2013: $300,871,187Net Assets 2013: $28,365,5012013Assets 2014: $355,045,620Liabilities 2014: $323,461,460Net Assets 2014: $31,584,1602014Assets 2015: $380,061,947Liabilities 2015: $345,708,440Net Assets 2015: $34,353,5072015Assets 2016: $421,898,239Liabilities 2016: $386,421,838Net Assets 2016: $35,476,4012016Assets 2017: $499,269,426Liabilities 2017: $461,708,422Net Assets 2017: $37,561,0042017Assets 2018: $520,367,685Liabilities 2018: $476,255,463Net Assets 2018: $44,112,2222018Assets 2019: $564,704,064Liabilities 2019: $515,768,539Net Assets 2019: $48,935,5252019Assets 2020: $643,446,616Liabilities 2020: $594,219,072Net Assets 2020: $49,227,5442020Assets 2021: $712,967,542Liabilities 2021: $651,371,148Net Assets 2021: $61,596,3942021Assets 2022: $763,924,806Liabilities 2022: $702,381,216Net Assets 2022: $61,543,5902022Assets 2023: $848,944,025Liabilities 2023: $781,327,311Net Assets 2023: $67,616,7142023Assets 2024: $895,067,097Liabilities 2024: $814,574,378Net Assets 2024: $80,492,7192024

Highlighted filing

2024

Assets$895,067,097
Liabilities$814,574,378
Net Assets$80,492,719

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Expenses 2011: $17,864,5762011Expenses 2012: $19,292,9872012Revenue 2013: $21,255,809Expenses 2013: $20,579,131Net Income 2013: $676,6782013Revenue 2014: $23,591,520Expenses 2014: $21,371,176Net Income 2014: $2,220,3442014Revenue 2015: $25,786,379Expenses 2015: $22,449,749Net Income 2015: $3,336,6302015Revenue 2016: $28,248,330Expenses 2016: $25,941,804Net Income 2016: $2,306,5262016Revenue 2017: $31,412,735Expenses 2017: $28,965,715Net Income 2017: $2,447,0202017Revenue 2018: $37,341,886Expenses 2018: $31,709,585Net Income 2018: $5,632,3012018Revenue 2019: $40,320,206Expenses 2019: $34,609,227Net Income 2019: $5,710,9792019Revenue 2020: $39,577,524Expenses 2020: $36,434,750Net Income 2020: $3,142,7742020Revenue 2021: $43,169,320Expenses 2021: $33,604,914Net Income 2021: $9,564,4062021Revenue 2022: $47,539,964Expenses 2022: $39,302,500Net Income 2022: $8,237,4642022Revenue 2023: $56,032,649Expenses 2023: $50,569,493Net Income 2023: $5,463,1562023Revenue 2024: $67,415,325Expenses 2024: $60,587,487Net Income 2024: $6,827,8382024

Highlighted filing

2024

Revenue$67,415,325
Expenses$60,587,487
Net Income$6,827,838

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$895$815$80.5$67.4$60.6$6.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$849$781$67.6$56.0$50.6$5.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$764$702$61.5$47.5$39.3$8.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$713$651$61.6$43.2$33.6$9.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$643$594$49.2$39.6$36.4$3.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$565$516$48.9$40.3$34.6$5.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$520$476$44.1$37.3$31.7$5.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$499$462$37.6$31.4$29.0$2.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$422$386$35.5$28.2$25.9$2.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$380$346$34.4$25.8$22.4$3.34
2014Detailed filing. Detailed filing data is available for this year.$355$323$31.6$23.6$21.4$2.22
2013Detailed filing. Detailed filing data is available for this year.$329$301$28.4$21.3$20.6$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$306$278$28.1$19.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$292$266$26.4$17.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$67,664,417
Mission and Program Overview

Mission

To help our members achieve financial well-being, through a lifetime partnership by providing exceptional service and quality products.

To help our members achieve financial well-being, through a lifetime partnership providing exceptional service & quality products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$649,925,887$690,535,722▲ $40,609,835
Rtn Earn Endowment Incm Other Fnds$67,616,714$80,492,719▲ $12,876,005
Investments in Publicly Traded Securities$64,038,781$58,064,276▼ $5,974,505
Savings and Temporary Cash Investments$59,019,235$53,719,713▼ $5,299,522
Land, Buildings, and Equipment, Net$34,128,605$38,054,807▲ $3,926,202
Prepaid Expenses and Deferred Charges$16,700,624$23,042,049▲ $6,341,425
Cash and Non-Interest-Bearing Accounts$5,830,340$6,491,748▲ $661,408
Receivables From Officers Etc$4,371,102$4,982,288▲ $611,186
Investments Other Securities$2,077,000$2,190,700▲ $113,700
Accounts Receivable$1,436,978$717,961▼ $719,017
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$848,944,025$895,067,097▲ $46,123,072
Other Assets Total$11,415,473$17,267,833▲ $5,852,360
Liabilities
Other Liabilities$712,563,137$742,995,105▲ $30,431,968
Mortgage Notes Payable Secured by Investment Property$63,500,000$62,500,000▼ $1,000,000
Accounts Payable and Accrued Expenses$5,264,174$9,079,273▲ $3,815,099
Total Liabilities$781,327,311$814,574,378▲ $33,247,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$67,616,714$80,492,719▲ $12,876,005
Total Liabilities and Net Assets / Fund Balance$848,944,025$895,067,097▲ $46,123,072

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,844,966$11,380,474$37,225,440
Equipment$5,875,452$15,408,875$21,284,327
Land$6,334,389-$6,334,389
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russell BallardPresident/CEOFT$378,842$835,058$1,213,900
Brenda WeinbergerEvpFT$278,559$237,279$515,838
Tammy LocketteSVP, CIOFT$260,555$217,671$478,226
Travis SmithVP Financial AdvisorFT$279,393$43,186$322,579
Michael LibbeySVP/CFOFT$204,604$25,742$230,346
Timothy FoleySVP, COOFT$188,598$30,050$218,648
David DangVP Chief Information Security OfficerFT$194,507$20,070$214,577
David DangVP Chief Information Security Office-$169,798$44,779$214,577
Matthew GlasscoSr. Systems EngineerFT$155,204$42,155$197,359
Aaron RathboneVP of Business LendingFT$134,107$60,824$194,931
Alyssa MorettiDirector of HrFT$142,080$49,454$191,534
Sonya HarrisSVP of LendingFT$1,423-$1,423

Board Members and Trustees

NameTitle
Randall SandersChairperson
Jonna Cagle-pageVice Chairperson
Roy BarefieldBoard Secretary
William VolaBoard Treasurer
Connie a TiltonBod Member
David MohlamBod Member
Dick DawsonBod Member
Wally WhitleyBod Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Fidelity National Information ServicesCredit & Debit Card ProcessorPO BOX 4535, Carol Streem, TX 60197-4535$4,094,738
Digital First Holdings LLCHome Banking PlatformPO BOX 660367, Dallas, TX 75266-0367$1,716,096
Newground International LLCConstruction And ProjectPO BOX 6228, Carol Stream, TX 60197-6228$1,358,161
Mcpc INCHardware & SoftwarePO BOX 876656, Kansas City, TX 64187-6656$921,023
Auto Services Recovery INCGap/extended Warranty For Auto LoansPO BOX 1075, Mountain Home, AR 72654$536,855
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,712,237
Investment Income
$5,835,007
Other Revenue
$1,868,081
Change in Net Assets
$6,827,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,746,228
Salaries, Compensation, and Employee Benefits$18,694,719
Grants and Similar Amounts Paid$45,715
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$12,163,202
Benefits to Members---$12,100,825
All Other Expenses---$4,344,428
Interest---$2,924,891
Current Officers, Directors, Trustees, and Key Employees---$2,658,381
Fees for Services Other---$2,281,685
Depreciation Depletion---$2,233,959
Occupancy---$1,917,666
Advertising---$1,755,812
Other Expenses---$1,645,306
Other Employee Benefits---$1,602,587
Pension Plan Contributions---$1,306,486
Office Expenses---$1,239,283
Payroll Taxes---$964,063
Insurance---$276,988
Fees for Services Accounting---$202,813
Conferences and Meetings---$195,403
Fees for Services Legal---$152,140
Grants to Domestic Orgs---$45,715
Travel---$37,796
Total Functional Expenses$0$0$0$60,587,487
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Houston Methodist Hospital FoundationHouston, TX501(c)3Training Lab Funds & Community Patient Assistance Funds$45,715
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$4,371,102$4,982,288▲ $611,186
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares of All Types$742,995,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Community resource credit union is a state chartered credit union, a cooperative composed of members.

Form 990, Part VI, Section A, Line 7A

The board of directors is the governing body and is elected annually by the community resource credit union members.

Form 990, Part VI, Section A, Line 7B

Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.

Form 990, Part VI, Section B, Line 11B

Credit union staff prepare data and information for cla. Cla prepares the 990. Credit union staff review completed 990 prior to submission.

Form 990, Part VI, Section B, Line 12C

When employees are hired, they must acknowledge that they have read the employee policies. They must sign again in any changes are made to the policies. Community resource credit union officers, directors and key employees are directed to disclose to their department head and to human resources if another interest could give rise to conflicts of interest.

Form 990, Part VI, Section B, Line 15

Ceo compensation is approved by the compensation committee of the board of directors. Other employee compensation is reviewed and determined by a member of human resources (vp or manager) and hiring manager, and if deemed appropriate the ceo. We use a compensation management system to support the salary determinations. We also obtain credit union specific supplemental survey resources when deemed appropriate for upper management/executive compensation. Documentation is maintained within the employee file. The process described here was last completed in 2024.

Form 990, Part VI, Section C, Line 19

Our conflict of interest policy is contained in the employee handbook. The conflict of interest policy and governing documents are not made available to the public. Financial statements are available in the call report on the ncua website.

Filing and Contact Details

Filer

Filer Name
Community Resource Credit Union
EIN
74-1109927
Phone
2814223611
Address
3110 ROLLINGCREEK DR, BAYTOWN, TX 77521
Doing Business As
Crcu

Signing Officer

Name
Mike Libbey
Title
SVP, Chief Financial Officer
Phone
2814223611
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Heese
Formed
1935
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
253
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Other comprehensive income 5,320,325.

Financial Statement Notes

PART X, LINE 2:

As allowed by state regulatory authorities, the audit is done as of march 31. The reporting period for the audit, therefore, does not match the reporting period for the 990. Per footnote 1 in the credit union's march 31, 2025 and 2024 audited financial statements, the credit union is exempt, under irc 501(c)(14), from federal and state income taxes. The credit union has filed tax returns for activities it has deemed taxable. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a materail effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of march 31, 2025 and 2024. The credit union's 2021 through 2024 tax years are open for examination by federal and state taxing authorities. The cuso, as a limited liability company, has elected to be taxed as a pass-through entity. The profit and loss of the cuso is reflected in the tax return of its owner, the credit union.

Raw XML AppendixShowing 400 of 727 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP PROVIDING EXCEPTIONAL SERVICE & QUALITY PRODUCTS.
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IRS990/CompensationProcessOtherInd01
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1DIGITAL FIRST HOLDINGS LLC
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IRS990/ContractorCompensationGrp/ServicesDesc2CONSTRUCTION AND PROJECT
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IRS990/ContractorCompensationGrp/ServicesDesc4GAP/EXTENDED WARRANTY FOR AUTO LOANS
IRS990/CreditCounselingInd00
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