Civic Intelligence

Educators Credit Union

990 • Fiscal year 2013 • EIN 74-1129327

Jan 01, 2013 to Dec 31, 2013 • Filed on May 09, 2014

Organization ProfileWWW.EDCU.COM

View Organization Page

501 W State Hwy 676712

(254) 776-7900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.85x

Higher debt load relative to assets than 13% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

25.32x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Net Margin

98th percentile

34%

Higher net margin than 98% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Top Officer Pay

30th percentile

$295,068

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Asset Growth

44th percentile

3.5%

Faster asset growth than 44% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$353,634,496

Up $12,119,972 (+3.5%) from 2012

Net Assets

Up

$52,643,614

Up $4,332,440 (+9.0%) from 2012

Liabilities

Up

$300,990,882

Up $7,787,532 (+2.7%) from 2012

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin98th percentile

Revenue

$11,885,969

No earlier filing loaded for comparison.

Expenses

Down

$7,832,756

Down $522,493 (-6.3%) from 2012

Net Income

$4,053,213

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2011: $332,195,243Liabilities 2011: $286,127,262Net Assets 2011: $46,067,9812011Assets 2012: $341,514,524Liabilities 2012: $293,203,350Net Assets 2012: $48,311,1742012Assets 2013: $353,634,496Liabilities 2013: $300,990,882Net Assets 2013: $52,643,6142013Assets 2014: $364,033,864Liabilities 2014: $307,705,530Net Assets 2014: $56,328,3342014Assets 2015: $383,386,027Liabilities 2015: $323,953,146Net Assets 2015: $59,432,8812015Assets 2016: $390,705,690Liabilities 2016: $328,935,166Net Assets 2016: $61,770,5242016Assets 2017: $401,271,928Liabilities 2017: $336,671,460Net Assets 2017: $64,600,4682017Assets 2018: $406,585,412Liabilities 2018: $337,820,959Net Assets 2018: $68,764,4532018Assets 2019: $415,310,486Liabilities 2019: $342,073,770Net Assets 2019: $73,236,7162019Assets 2020: $466,926,206Liabilities 2020: $390,402,955Net Assets 2020: $76,523,2512020Assets 2021: $523,380,753Liabilities 2021: $443,640,651Net Assets 2021: $79,740,1022021Assets 2022: $537,751,416Liabilities 2022: $451,966,895Net Assets 2022: $85,784,5212022Assets 2023: $547,594,494Liabilities 2023: $452,537,597Net Assets 2023: $95,056,8972023Assets 2024: $549,328,667Liabilities 2024: $444,324,975Net Assets 2024: $105,003,6922024

Highlighted filing

2013

Assets$353,634,496
Liabilities$300,990,882
Net Assets$52,643,614
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2011: $9,363,8632011Expenses 2012: $8,355,2492012Revenue 2013: $11,885,969Expenses 2013: $7,832,756Net Income 2013: $4,053,2132013Revenue 2014: $11,441,788Expenses 2014: $7,757,075Net Income 2014: $3,684,7132014Revenue 2015: $11,101,191Expenses 2015: $7,996,643Net Income 2015: $3,104,5482015Revenue 2016: $10,620,451Expenses 2016: $8,282,808Net Income 2016: $2,337,6432016Revenue 2017: $11,225,421Expenses 2017: $8,395,477Net Income 2017: $2,829,9442017Revenue 2018: $12,675,304Expenses 2018: $8,511,319Net Income 2018: $4,163,9852018Revenue 2019: $13,980,900Expenses 2019: $9,508,637Net Income 2019: $4,472,2632019Revenue 2020: $13,003,577Expenses 2020: $9,717,042Net Income 2020: $3,286,5352020Revenue 2021: $11,564,364Expenses 2021: $8,347,515Net Income 2021: $3,216,8492021Revenue 2022: $14,604,226Expenses 2022: $8,559,807Net Income 2022: $6,044,4192022Revenue 2023: $21,701,233Expenses 2023: $12,428,857Net Income 2023: $9,272,3762023Revenue 2024: $24,524,556Expenses 2024: $14,577,761Net Income 2024: $9,946,7952024

Highlighted filing

2013

Revenue$11,885,969
Expenses$7,832,756
Net Income$4,053,213
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 9, 2014
Return Version
2013v3.0
Gross Receipts
$11,903,969
Mission and Program Overview

Mission

Educators credit union is committed to providing sound financial services, which are beneficial to the member owner. The credit union will accomplish this in a caring and professional manner.

To provide reasonably priced financial services to the members of the organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$195,908,181$201,488,370▲ $5,580,189
Other Notes and Loans Receivable, Net$98,898,131$109,431,332▲ $10,533,201
Rtn Earn Endowment Incm Other Fnds$48,311,174$52,643,614▲ $4,332,440
Savings and Temporary Cash Investments$36,001,016$31,878,821▼ $4,122,195
Land, Buildings, and Equipment, Net$5,402,620$5,280,297▼ $122,323
Cash and Non-Interest-Bearing Accounts$1,200,415$1,255,466▲ $55,051
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$341,514,524$353,634,496▲ $12,119,972
Other Assets Total$4,104,161$4,300,210▲ $196,049
Liabilities
Accounts Payable and Accrued Expenses$293,203,350$300,990,882▲ $7,787,532
Total Liabilities$293,203,350$300,990,882▲ $7,787,532
Net Assets / Fund Balance
Total Net Assets Fund Balance$48,311,174$52,643,614▲ $4,332,440
Total Liabilities and Net Assets / Fund Balance$341,514,524$353,634,496▲ $12,119,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,174,190$1,524,708$5,698,898
Land$1,106,107-$1,106,107
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe HutyraCEOFT$243,568$51,500$295,068
William PalasotaCFOFT$179,043$36,000$215,043
Sharon SchroederV.p. AccountingFT$110,673$13,000$123,673
Monica KrenekV.p. LendingFT$104,448$11,000$115,448
Edward HernandezDirector-$2,060-$2,060
Jo Ann BrownSecretary-$1,816-$1,816
Al PollardDirector-$1,814-$1,814
Ralph BarksdaleDirector-$1,646-$1,646
Raymond WeldonChairman-$1,422-$1,422
Austin VasekVice Chairman-$1,090-$1,090
Louis WedemeyerDirector-$917-$917
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,259,031
Investment Income
$9,627,399
Other Revenue
$-461
Change in Net Assets
$4,053,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,124,082
Salaries, Compensation, and Employee Benefits$3,699,674
Grants and Similar Amounts Paid$9,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,418,955
Interest---$1,638,736
Office Expenses---$679,889
Occupancy---$591,883
Current Officers, Directors, Trustees, and Key Employees---$520,876
Information Technology---$367,563
Other Employee Benefits---$364,650
Depreciation Depletion---$232,814
Advertising---$224,787
Payroll Taxes---$200,079
Pension Plan Contributions---$195,114
Travel---$124,582
Fees for Services Legal---$93,864
Insurance---$84,374
Other Expenses---$50,725
Fees for Services Accounting---$34,865
Grants to Domestic Individuals---$9,000
Total Functional Expenses$0$0$0$7,832,756
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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

“The credit union's customers are considered members of the organization.”

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

“The members meet annually in march to elect directors to the open postions on the board. A special nominating committee selects the candidates on which the membership votes. Curreny bylaws do not allow for nominations from the floor during the annual meeting, but any member of legal age desiring nomination may do so by presenting a petition with 200 signatures of primary account holders to the nominating committee by the specified date in the january newsletter.”

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

“Any governance decisions requiring ratification by the membership are presented at the annual meeting and are voted on by the membership present at that time.”

Form 990, Part VI, Section B, Line 11

“The form 990 is not provided to the board of directors prior to its filing, but is available for review upon request.”

Form 990, Part VI, Section B, Line 15

“The process for determining compensation of the organization's ceo, cfo, and other key employees includes a review and approval by the board of directors during a regularly scheduled meeting.”

Form 990, Part VI, Section C, Line 19

“The organization posts its financial statements at all branches. The governing documents and policies are available upon request.”

Filing and Contact Details

Filer

EIN
74-1129327
Phone
2547767900

Signing Officer

Name
William Palasota
Title
CFO
Phone
2547767900
Signed
2014-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Hutyra
Formed
1938
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
97
Volunteers
0

Preparer

Preparer
Mike Lucas CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Rounding 5. Merge of tribune herald credit union 279,222.”

Form 990, Part XII, Line 2C

“The oversight/selection process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 410 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.

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IRS990/Desc0THE LARGEST CREDIT UNION IN CENTRAL TEXAS, EDUCATORS CREDIT UNION MEETS THE FINANCIAL NEEDS OF ITS MEMBERS BY PROVIDING A WIDE VARIETY OF SERVICES AT COMPETITIVE RATES IN EIGHT CONVENIENT LOCATIONS. THE CREDIT UNION SERVES MORE THAN 36,000 MEMBERS WHO LIVE, WORK, OR ATTEND SCHOOL IN THE TEXAS COUNTIES OF MCLENNAN, BOSQUE, FALLS, HILL, CORYELL, AND LAMPASSAS. DURING THE YEAR ENDED DECEMBER 31, 2013, THE ORGANIZATION ABSORBED THE FORMER TRIBUNE HERALD CREDIT UNION WHICH CONSISTED OF APPROXIMATELY 350 NEW MEMBER ACCOUNTS.
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IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER FEES, ETC
IRS990/ProgramServiceRevenueGrp/Desc1NON MEMBER ATM FEES, MBI & MISC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02211503
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02211503
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt147528
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt047528
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08678545
IRS990/PYOtherExpensesAmt04659857
IRS990/PYOtherRevenueAmt0-8510
IRS990/PYProgramServiceRevenueAmt01928410
IRS990/PYRevenuesLessExpensesAmt02243196
IRS990/PYSalariesCompEmpBnftPaidAmt03695392
IRS990/PYTotalExpensesAmt08355249
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010598445
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04053213
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-461
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt048311174
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt052643614
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036001016
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031878821
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04174190
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01524708
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05698898
IRS990ScheduleD/LandGrp/BookValueAmt01106107
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01106107
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05280297
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SEVERAL SCHOLARSHIPS ARE AWARDED EACH YEAR TO GRADUATING SENIORS WHO ARE CREDIT UNION MEMBERS OR THE DEPENDENT OF A CREDIT UNION MEMBER. SIX SCHOLARSHIPS OF $1,500 WERE AWARDED IN THE CURRENT YEAR.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0243568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1179043
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount09500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount14000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt120000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt112000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOE HUTYRA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1WILLIAM PALASOTA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0295068
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1215043
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0IT IS CREDIT UNION POLICY TO PAY FOR THE TRAVEL EXPENSES OF THE SPOUSE OF A DIRECTOR OR EMPLOYEE WHILE THE DIRECTOR OR EMPLOYEE IS ON A BUSINESS TRIP.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1JOE HUTYRA - 457B PLAN - $7,592 WILLIAM PALASOTA - 457B PLAN - $5,491
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION'S CUSTOMERS ARE CONSIDERED MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS MEET ANNUALLY IN MARCH TO ELECT DIRECTORS TO THE OPEN POSTIONS ON THE BOARD. A SPECIAL NOMINATING COMMITTEE SELECTS THE CANDIDATES ON WHICH THE MEMBERSHIP VOTES. CURRENY BYLAWS DO NOT ALLOW FOR NOMINATIONS FROM THE FLOOR DURING THE ANNUAL MEETING, BUT ANY MEMBER OF LEGAL AGE DESIRING NOMINATION MAY DO SO BY PRESENTING A PETITION WITH 200 SIGNATURES OF PRIMARY ACCOUNT HOLDERS TO THE NOMINATING COMMITTEE BY THE SPECIFIED DATE IN THE JANUARY NEWSLETTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY GOVERNANCE DECISIONS REQUIRING RATIFICATION BY THE MEMBERSHIP ARE PRESENTED AT THE ANNUAL MEETING AND ARE VOTED ON BY THE MEMBERSHIP PRESENT AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS NOT PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO ITS FILING, BUT IS AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, CFO, AND OTHER KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS DURING A REGULARLY SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION POSTS ITS FINANCIAL STATEMENTS AT ALL BRANCHES. THE GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING 5. MERGE OF TRIBUNE HERALD CREDIT UNION 279,222.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE OVERSIGHT/SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0341514524
IRS990/TotalAssetsEOYAmt0353634496
IRS990/TotalAssetsGrp/BOYAmt0341514524
IRS990/TotalAssetsGrp/EOYAmt0353634496
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt097
IRS990/TotalFunctionalExpensesGrp/TotalAmt07832756
IRS990/TotalGrossUBIAmt047067
IRS990/TotalLiabilitiesBOYAmt0293203350
IRS990/TotalLiabilitiesEOYAmt0300990882
IRS990/TotalLiabilitiesGrp/BOYAmt0293203350
IRS990/TotalLiabilitiesGrp/EOYAmt0300990882
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt048311174
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt052643614
IRS990/TotalOtherCompensationAmt098000
IRS990/TotalProgramServiceRevenueAmt02259031
IRS990/TotalReportableCompFromOrgAmt0661997
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011838902
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011885969
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt047067
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0341514524
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0353634496
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0124582
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10501 W STATE HWY 6
IRS990/USAddress/City0WACO
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode076712
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.EDCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM PALASOTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02547767900
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine10EDUCATORS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0741129327
ReturnHeader/Filer/PhoneNum02547767900
ReturnHeader/Filer/USAddress/AddressLine10501 W STATE HWY 6
ReturnHeader/Filer/USAddress/City0WACO
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode076712
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741130599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10PATTILLO BROWN & HILL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10P O BOX 20725

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$353,634,496
Liabilities
$300,990,882
Net assets
$52,643,614
Revenue
$11,885,969
Expenses
$7,832,756
Net income
$4,053,213
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$549$444$105$24.5$14.6$9.95
2023Detailed filing. Detailed filing data is available for this year.$548$453$95.1$21.7$12.4$9.27
2022Detailed filing. Detailed filing data is available for this year.$538$452$85.8$14.6$8.56$6.04
2021Detailed filing. Detailed filing data is available for this year.$523$444$79.7$11.6$8.35$3.22
2020Detailed filing. Detailed filing data is available for this year.$467$390$76.5$13.0$9.72$3.29
2019Detailed filing. Detailed filing data is available for this year.$415$342$73.2$14.0$9.51$4.47
2018Detailed filing. Detailed filing data is available for this year.$407$338$68.8$12.7$8.51$4.16
2017Detailed filing. Detailed filing data is available for this year.$401$337$64.6$11.2$8.40$2.83
2016Detailed filing. Detailed filing data is available for this year.$391$329$61.8$10.6$8.28$2.34
2015Detailed filing. Detailed filing data is available for this year.$383$324$59.4$11.1$8.00$3.10
2014Detailed filing. Detailed filing data is available for this year.$364$308$56.3$11.4$7.76$3.68
2013Detailed filing. Detailed filing data is available for this year.$354$301$52.6$11.9$7.83$4.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$342$293$48.3$8.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$332$286$46.1$9.36