Civic Intelligence

Educators Credit Union

990 • Fiscal year 2016 • EIN 74-1129327

Jan 01, 2016 to Dec 31, 2016 • Filed on May 26, 2017

Organization ProfileWWW.EDCU.COM

View Organization Page

501 W State Hwy 6Waco, TX 76712

(254) 776-7900

Siviq Scores

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

Liabilities / Assets

10th percentile

0.84x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

30.97x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

89th percentile

22%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$394,569

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

12th percentile

1.9%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-4.3%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$390,705,690

Up $7,319,663 (+1.9%) from 2015

Net Assets

Up

$61,770,524

Up $2,337,643 (+3.9%) from 2015

Liabilities

Up

$328,935,166

Up $4,982,020 (+1.5%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin89th percentile

Revenue

Down

$10,620,451

Down $480,740 (-4.3%) from 2015

Expenses

Up

$8,282,808

Up $286,165 (+3.6%) from 2015

Net Income

Down

$2,337,643

Down $766,905 (-25%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2016

Assets$390,705,690
Liabilities$328,935,166
Net Assets$61,770,524
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

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

2016

Revenue$10,620,451
Expenses$8,282,808
Net Income$2,337,643
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 26, 2017
Return Version
2016v3.0
Gross Receipts
$10,638,451
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
Other Notes and Loans Receivable, Net$131,324,892$136,018,078▲ $4,693,186
Savings and Temporary Cash Investments$100,427,375$129,802,580▲ $29,375,205
Investments in Publicly Traded Securities$140,973,664$114,303,190▼ $26,670,474
Rtn Earn Endowment Incm Other Fnds$59,432,881$61,770,524▲ $2,337,643
Land, Buildings, and Equipment, Net$5,328,913$5,102,995▼ $225,918
Cash and Non-Interest-Bearing Accounts$1,914,432$1,767,462▼ $146,970
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$383,386,027$390,705,690▲ $7,319,663
Other Assets Total$3,416,751$3,711,385▲ $294,634
Liabilities
Accounts Payable and Accrued Expenses$323,953,146$328,935,166▲ $4,982,020
Total Liabilities$323,953,146$328,935,166▲ $4,982,020
Net Assets / Fund Balance
Total Net Assets Fund Balance$59,432,881$61,770,524▲ $2,337,643
Total Liabilities and Net Assets / Fund Balance$383,386,027$390,705,690▲ $7,319,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,864,277$1,915,120$5,779,397
Leasehold Improvements$132,611$2,232,766$2,365,377
Land$1,106,107-$1,106,107
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe HutyraCEOFT$330,699$63,870$394,569
William PalasotaCFOFT$204,908$44,300$249,208
Sharon SchroederV.p. AccountingFT$130,140$28,918$159,058
Monica KrenekV.p. LendingFT$118,951$27,463$146,414
Raymond WeldonChairman-$2,182-$2,182
Louis WedemeyerDirector-$1,729-$1,729
Jo Ann BrownSecretary-$1,615-$1,615
Ben SalmanDirector-$1,196-$1,196
Edward HernandezDirector-$1,016-$1,016
Al PollardVice Chairman-$931-$931

Board Members and Trustees

NameTitle
Hazel RoweDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,883,200
Investment Income
$8,747,713
Other Revenue
$-10,462
Change in Net Assets
$2,337,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,190,547
Salaries, Compensation, and Employee Benefits$4,083,261
Grants and Similar Amounts Paid$9,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,539,576
Interest---$1,511,549
Occupancy---$701,848
Current Officers, Directors, Trustees, and Key Employees---$652,446
Information Technology---$622,364
Other Employee Benefits---$485,492
Office Expenses---$351,757
Advertising---$231,905
Other Expenses---$222,435
Pension Plan Contributions---$205,304
Payroll Taxes---$200,443
Depreciation Depletion---$168,383
Fees for Services Legal---$166,301
Travel---$83,871
Insurance---$76,634
Fees for Services Accounting---$53,500
Grants to Domestic Individuals---$9,000
Total Functional Expenses$0$0$0$8,282,808
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. Current 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 11B

“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

Filer Name
Educators Credit Union
EIN
74-1129327
Phone
2547767900
Address
501 W STATE HWY 6, WACO, TX 76712

Signing Officer

Name
William Palasota
Title
CFO
Phone
2547767900
Signed
2017-05-26
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
95
Volunteers
0

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Mike Lucas CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

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

Raw XML AppendixShowing 400 of 419 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
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0323953146
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0328935166
IRS990/AcctCompileOrReviewBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE REASONABLY PRICED FINANCIAL SERVICES TO THE MEMBERS OF THE ORGANIZATION.
IRS990/AdvertisingGrp/TotalAmt0231905
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WILLIAM PALASOTA
IRS990/BooksInCareOfDetail/PhoneNum02547767900
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0501 W STATE HWY 6
IRS990/BooksInCareOfDetail/USAddress/CityNm0WACO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076712
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01914432
IRS990/CashNonInterestBearingGrp/EOYAmt01767462
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0652446
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt09000
IRS990/CYInvestmentIncomeAmt08747713
IRS990/CYOtherExpensesAmt04190547
IRS990/CYOtherRevenueAmt0-10462
IRS990/CYProgramServiceRevenueAmt01883200
IRS990/CYRevenuesLessExpensesAmt02337643
IRS990/CYSalariesCompEmpBnftPaidAmt04083261
IRS990/CYTotalExpensesAmt08282808
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010620451
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0168383
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.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt095
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt053500
IRS990/FeesForServicesLegalGrp/TotalAmt0166301
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt739300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt848870
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt928918
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1027463
IRS990/Form990PartVIISectionAGrp/PersonNm0RAYMOND WELDON
IRS990/Form990PartVIISectionAGrp/PersonNm1AL POLLARD
IRS990/Form990PartVIISectionAGrp/PersonNm2JO ANN BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm3LOUIS WEDEMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm4EDWARD HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm5BEN SALMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6HAZEL ROWE
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM PALASOTA
IRS990/Form990PartVIISectionAGrp/PersonNm8JOE HUTYRA
IRS990/Form990PartVIISectionAGrp/PersonNm9SHARON SCHROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm10MONICA KRENEK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt02182
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1931
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21615
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31729
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41016
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51196
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7209908
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8345699
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9130140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10118951
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9V.P. ACCOUNTING
IRS990/Form990PartVIISectionAGrp/TitleTxt10V.P. LENDING
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt09000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010638451
IRS990/GrossRentsGrp/RealAmt07538
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0622364
IRS990/InsuranceGrp/TotalAmt076634
IRS990/InterestGrp/TotalAmt01511549
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt08747713
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08747713
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0140973664
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0114303190
IRS990/IRPDocumentCnt09233
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04147886
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05328913
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05102995
IRS990/LandBldgEquipCostOrOtherBssAmt09250881
IRS990/LegalDomicileStateCd0TX
IRS990/LessRentalExpensesGrp/RealAmt018000
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EDUCATORS 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt059432881
IRS990/NetAssetsOrFundBalancesEOYAmt061770524
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-10462
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-10462
IRS990/NetUnrelatedBusTxblIncmAmt0-77383
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0701848
IRS990/OfficeExpensesGrp/TotalAmt0351757
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03416751
IRS990/OtherAssetsTotalGrp/EOYAmt03711385
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0485492
IRS990/OtherExpensesGrp/Desc0LOAN LOSS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0222435
IRS990/OtherSalariesAndWagesGrp/TotalAmt02539576
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0131324892
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0136018078
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0200443
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0205304
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOE HUTYRA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER FEES, ETC
IRS990/ProgramServiceRevenueGrp/Desc1NON MEMBER ATM FEES, MBI & MISC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01835200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01835200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt048000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt09000
IRS990/PYInvestmentIncomeAmt08875655
IRS990/PYOtherExpensesAmt04026461
IRS990/PYOtherRevenueAmt0-6560
IRS990/PYProgramServiceRevenueAmt02232096
IRS990/PYRevenuesLessExpensesAmt03104548
IRS990/PYSalariesCompEmpBnftPaidAmt03961182
IRS990/PYTotalExpensesAmt07996643
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011101191
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02337643
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-10462
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt059432881
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt061770524
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100427375
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0129802580
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03864277
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01915120
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05779397
IRS990ScheduleD/LandGrp/BookValueAmt01106107
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01106107
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0132611
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02232766
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02365377
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05102995
IRS990ScheduleI/GrantRecordsMaintainedInd00
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/BaseCompensationFilingOrgAmt0204908
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1330699
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount115000
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/DeferredCompensationFlngOrgAmt027300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt136870
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/PersonNm0WILLIAM PALASOTA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOE HUTYRA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0249208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1394569
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 - $10,371 WILLIAM PALASOTA - 457B PLAN - $6,297
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. CURRENT 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/ExplanationTxt6THE 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 11B
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 XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0383386027
IRS990/TotalAssetsEOYAmt0390705690
IRS990/TotalAssetsGrp/BOYAmt0383386027
IRS990/TotalAssetsGrp/EOYAmt0390705690
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt095
IRS990/TotalFunctionalExpensesGrp/TotalAmt08282808
IRS990/TotalGrossUBIAmt037538
IRS990/TotalLiabilitiesBOYAmt0323953146
IRS990/TotalLiabilitiesEOYAmt0328935166
IRS990/TotalLiabilitiesGrp/BOYAmt0323953146
IRS990/TotalLiabilitiesGrp/EOYAmt0328935166
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt059432881
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt061770524
IRS990/TotalOtherCompensationAmt0144551
IRS990/TotalProgramServiceRevenueAmt01883200
IRS990/TotalReportableCompFromOrgAmt0813367
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010582913
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010620451
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt037538
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0383386027
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0390705690
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt083871
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0501 W STATE HWY 6
IRS990/USAddress/CityNm0WACO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076712
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.EDCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM PALASOTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02547767900
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATORS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0741129327
ReturnHeader/Filer/PhoneNum02547767900
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 W STATE HWY 6
ReturnHeader/Filer/USAddress/CityNm0WACO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076712
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId022386AE18F0CDFC505175D0939B497476BBA2374

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$390,705,690
Liabilities
$328,935,166
Net assets
$61,770,524
Revenue
$10,620,451
Expenses
$8,282,808
Net income
$2,337,643
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