Civic Intelligence

Freestone Credit Union

990 • Fiscal year 2022 • EIN 74-1250330

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 24, 2023

Organization ProfileN/A

View Organization Page

613 Main StTeague, TX 75860

(254) 739-2594

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.90x

Higher debt load relative to assets than 52% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

47th percentile

21.49x

Higher debt load relative to revenue than 47% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Net Margin

86th percentile

25%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

17th percentile

$111,193

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Asset Growth

70th percentile

3.6%

Faster asset growth than 70% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

9.3%

Faster revenue growth than 58% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$54,162,849

Up $1,865,156 (+3.6%) from 2021

Net Assets

Up

$5,553,711

Up $561,532 (+11%) from 2021

Liabilities

Up

$48,609,138

Up $1,303,624 (+2.8%) from 2021

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin86th percentile

Revenue

Up

$2,262,020

Up $191,913 (+9.3%) from 2021

Expenses

Down

$1,700,488

Down $7,020 (-0.4%) from 2021

Net Income

Up

$561,532

Up $198,933 (+55%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$80M$60M$40M$20M$0Assets 2010: $34,404,194Liabilities 2010: $31,386,310Net Assets 2010: $3,017,8842010Assets 2011: $35,451,409Liabilities 2011: $32,243,936Net Assets 2011: $3,207,4732011Assets 2012: $34,852,253Liabilities 2012: $31,481,574Net Assets 2012: $3,370,6792012Assets 2013: $36,241,204Liabilities 2013: $32,863,652Net Assets 2013: $3,377,5522013Assets 2014: $39,062,057Liabilities 2014: $35,560,159Net Assets 2014: $3,501,8982014Assets 2015: $39,972,212Liabilities 2015: $36,365,362Net Assets 2015: $3,606,8502015Assets 2016: $38,758,764Liabilities 2016: $34,917,173Net Assets 2016: $3,841,5912016Assets 2017: $40,496,241Liabilities 2017: $36,566,280Net Assets 2017: $3,929,9612017Assets 2018: $40,575,938Liabilities 2018: $36,395,131Net Assets 2018: $4,180,8072018Assets 2019: $43,508,032Liabilities 2019: $39,151,731Net Assets 2019: $4,356,3012019Assets 2020: $45,085,109Liabilities 2020: $40,455,529Net Assets 2020: $4,629,5802020Assets 2021: $52,297,693Liabilities 2021: $47,305,514Net Assets 2021: $4,992,1792021Assets 2022: $54,162,849Liabilities 2022: $48,609,138Net Assets 2022: $5,553,7112022Assets 2023: $58,055,521Liabilities 2023: $51,965,706Net Assets 2023: $6,089,8152023Assets 2024: $66,441,191Liabilities 2024: $59,554,921Net Assets 2024: $6,886,2702024

Highlighted filing

2022

Assets$54,162,849
Liabilities$48,609,138
Net Assets$5,553,711
Open 2022 Filing

Operations Trend

Revenue Growth58th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,601,9602010Expenses 2011: $1,322,3692011Expenses 2012: $1,306,0802012Revenue 2013: $1,486,387Expenses 2013: $1,479,514Net Income 2013: $6,8732013Revenue 2014: $1,637,875Expenses 2014: $1,513,529Net Income 2014: $124,3462014Revenue 2015: $1,778,194Expenses 2015: $1,673,242Net Income 2015: $104,9522015Revenue 2016: $1,837,338Expenses 2016: $1,622,770Net Income 2016: $214,5682016Revenue 2017: $1,791,860Expenses 2017: $1,703,490Net Income 2017: $88,3702017Revenue 2018: $1,877,759Expenses 2018: $1,623,742Net Income 2018: $254,0172018Revenue 2019: $2,009,347Expenses 2019: $1,713,353Net Income 2019: $295,9942019Revenue 2020: $1,942,617Expenses 2020: $1,669,338Net Income 2020: $273,2792020Revenue 2021: $2,070,107Expenses 2021: $1,707,508Net Income 2021: $362,5992021Revenue 2022: $2,262,020Expenses 2022: $1,700,488Net Income 2022: $561,5322022Revenue 2023: $2,621,942Expenses 2023: $2,065,838Net Income 2023: $556,1042023Revenue 2024: $3,462,993Expenses 2024: $2,666,538Net Income 2024: $796,4552024

Highlighted filing

2022

Revenue$2,262,020
Expenses$1,700,488
Net Income$561,532
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 24, 2023
Return Version
2022v5.0
Gross Receipts
$2,262,020
Mission and Program Overview

Mission

Our mission is to provide quality financial services to our members. We are dedicated to provising loans at reasonable rates, promoting thrift and maintaining financial stability to safeguard the assets of freestone credit union. At the same time, we will offer these services with professionalism, integrity and innovation to provide for the individual needs of each member. Although soundness and safety of op0erations is imperative, service in a cooperative spirit is vital.

Our mission is to provide quality financial services to our members at competitive rates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$26,842,916$33,536,905▲ $6,693,989
Investments Program Related$22,198,195$17,199,844▼ $4,998,351
Rtn Earn Endowment Incm Other Fnds$4,992,179$5,553,711▲ $561,532
Cash and Non-Interest-Bearing Accounts$1,621,942$1,544,887▼ $77,055
Land, Buildings, and Equipment, Net$1,486,345$1,450,486▼ $35,859
Receivables From Officers Etc-$240,310-
Prepaid Expenses and Deferred Charges$67,131$61,091▼ $6,040
Total Assets$52,297,693$54,162,849▲ $1,865,156
Other Assets Total$81,164$129,326▲ $48,162
Liabilities
Other Liabilities$47,065,592$48,286,044▲ $1,220,452
Accounts Payable and Accrued Expenses$239,922$323,094▲ $83,172
Total Liabilities$47,305,514$48,609,138▲ $1,303,624
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,992,179$5,553,711▲ $561,532
Total Liabilities and Net Assets / Fund Balance$52,297,693$54,162,849▲ $1,865,156

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,120,301--
Buildings$1,118,936$769,897-
Land$256,977--
Equipment$74,573$1,234,222-
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Deanne HarrisManager/CEOFT$111,193$111,193

Board Members and Trustees

NameTitle
Nancy RobertsBoard Chair
Mary LeeVice Chair
Jessica RiskenMember
Joe Hancock JrMember
Joey BurksMember
Michael GriffinMember
Courtney HodgeSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,058,081
Investment Income
$126,180
Other Revenue
$77,759
Change in Net Assets
$561,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,003,334
Salaries, Compensation, and Employee Benefits$697,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$510,722$0$0$510,722
Office Expenses$345,063$0$0$345,063
Fees for Services Other$227,598$0$0$227,598
Current Officers, Directors, Trustees, and Key Employees$111,193$0$0$111,193
Depreciation Depletion$91,547$0$0$91,547
Occupancy$75,928$0$0$75,928
Other Expenses$72,568$0$0$72,568
Payroll Taxes$48,846$0$0$48,846
Insurance$41,973$0$0$41,973
Advertising$31,883$0$0$31,883
Fees for Services Accounting$18,957$0$0$18,957
Pension Plan Contributions$16,279$0$0$16,279
Conferences and Meetings$12,594$0$0$12,594
All Other Expenses$12,054$0$0$12,054
Other Employee Benefits$10,114$0$0$10,114
Total Functional Expenses$1,700,488$0$0$1,700,488
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-$240,310-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mamber Shares$48,286,044
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Freestone Credit Union
EIN
74-1250330
Phone
2547392594
Address
613 MAIN ST, TEAGUE, TX 75860

Signing Officer

Name
Deanne Harris
Title
Manager/CEO
Phone
2547392594
Signed
2023-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanne Harris
Formed
1952
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
21
Volunteers
0

Preparer

Firm
Greg R Schmidtcpa
Address
2 Baltusrol, AMARILLO, TX 79124
Preparer
Greg R Schmidt CPA
Phone
8552759297
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“All accountholders are also members of the credit union”

Pt VI, Line 7A

“Officers of the credit union are elected by the membership”

Pt VI, Line 11B

“The board reviews and approves the form 990 prior to filing”

Pt VI, Line 12C

“Members of the board are required to disclose any possible conflicts of interest”

Pt VI, Line 15A

“The board annually reviews the compensation packages of all key employees”

Pt VI, Line 15B

“The board annually reviews the compensation packages of all key employees”

Raw XML AppendixShowing 400 of 441 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0239922
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0323094
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO PROVIDE QUALITY FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt031883
IRS990/AdvertisingGrp/TotalAmt031883
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012054
IRS990/AllOtherExpensesGrp/TotalAmt012054
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0DEANNE HARRIS
IRS990/BooksInCareOfDetail/PhoneNum02547392594
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0613 MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0TEAGUE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075860
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01621942
IRS990/CashNonInterestBearingGrp/EOYAmt01544887
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0111193
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0111193
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt012594
IRS990/ConferencesMeetingsGrp/TotalAmt012594
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0126180
IRS990/CYOtherExpensesAmt01003334
IRS990/CYOtherRevenueAmt077759
IRS990/CYProgramServiceRevenueAmt02058081
IRS990/CYRevenuesLessExpensesAmt0561532
IRS990/CYSalariesCompEmpBnftPaidAmt0697154
IRS990/CYTotalExpensesAmt01700488
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02262020
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt091547
IRS990/DepreciationDepletionGrp/TotalAmt091547
IRS990/Desc0FREESTONE CREDIT UNION OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITIVE RATES
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt021
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt018957
IRS990/FeesForServicesAccountingGrp/TotalAmt018957
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0227598
IRS990/FeesForServicesOtherGrp/TotalAmt0227598
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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/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/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0NANCY ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY LEE
IRS990/Form990PartVIISectionAGrp/PersonNm2COURTNEY HODGE
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm4JESSICA RISKEN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOE HANCOCK JR
IRS990/Form990PartVIISectionAGrp/PersonNm6JOEY BURKS
IRS990/Form990PartVIISectionAGrp/PersonNm7DEANNE HARRIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7111193
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/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MANAGER/CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02262020
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt041973
IRS990/InsuranceGrp/TotalAmt041973
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0126180
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt022198195
IRS990/InvestmentsProgramRelatedGrp/EOYAmt017199844
IRS990/IRPDocumentCnt0657
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02004119
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01486345
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01450486
IRS990/LandBldgEquipCostOrOtherBssAmt03454605
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OUR MISSION IS TO PROVIDE QUALITY FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04992179
IRS990/NetAssetsOrFundBalancesEOYAmt05553711
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt075928
IRS990/OccupancyGrp/TotalAmt075928
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0345063
IRS990/OfficeExpensesGrp/TotalAmt0345063
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt081164
IRS990/OtherAssetsTotalGrp/EOYAmt0129326
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010114
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010114
IRS990/OtherExpensesGrp/Desc0DUES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/Desc3DIVIDENDS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt013387
IRS990/OtherExpensesGrp/ProgramServicesAmt158580
IRS990/OtherExpensesGrp/ProgramServicesAmt21202
IRS990/OtherExpensesGrp/ProgramServicesAmt372568
IRS990/OtherExpensesGrp/TotalAmt013387
IRS990/OtherExpensesGrp/TotalAmt158580
IRS990/OtherExpensesGrp/TotalAmt21202
IRS990/OtherExpensesGrp/TotalAmt372568
IRS990/OtherLiabilitiesGrp/BOYAmt047065592
IRS990/OtherLiabilitiesGrp/EOYAmt048286044
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0NON-OPERATING GAINS
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt077759
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt077759
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt077759
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0510722
IRS990/OtherSalariesAndWagesGrp/TotalAmt0510722
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt026842916
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt033536905
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt048846
IRS990/PayrollTaxesGrp/TotalAmt048846
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016279
IRS990/PensionPlanContributionsGrp/TotalAmt016279
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067131
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061091
IRS990/PrincipalOfficerNm0DEANNE HARRIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01387298
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1660754
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210029
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt19245
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0FREESTONE CREDIT UNION OFFERS ALL TYPES OF SAVINGS PRODUCTS AT COMPETITIVE RATES
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt078979
IRS990/PYInvestmentIncomeAmt0131843
IRS990/PYOtherExpensesAmt0958312
IRS990/PYOtherRevenueAmt0155943
IRS990/PYProgramServiceRevenueAmt01782321
IRS990/PYRevenuesLessExpensesAmt0362599
IRS990/PYSalariesCompEmpBnftPaidAmt0670217
IRS990/PYTotalExpensesAmt01707508
IRS990/PYTotalRevenueAmt02070107
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0240310
IRS990/ReconcilationRevenueExpnssAmt0561532
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04992179
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05553711
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01118936
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0769897
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01888833
IRS990ScheduleD/EquipmentGrp/BookValueAmt074573
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01234222
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01308795
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07371000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt16257547
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21000001
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3450995
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt42120301
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CDS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1FEDERAL SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2SWC 105 ACCOUNT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4OTHER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt0256977
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0256977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048286044
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MAMBER SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01450486
IRS990ScheduleD/TotalBookValueProgramRltdAmt017199844
IRS990ScheduleD/TotalLiabilityAmt048286044
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt025132
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1215178
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0VARIOUS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1VARIOUS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt089628
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1240470
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MICHAEL GRIFFIN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1COURTNEY HODGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0240310
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL ACCOUNTHOLDERS ARE ALSO MEMBERS OF THE CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS OF THE CREDIT UNION ARE ELECTED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE BOARD ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD ANNUALLY REVIEWS THE COMPENSATION PACKAGES OF ALL KEY EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD ANNUALLY REVIEWS THE COMPENSATION PACKAGES OF ALL KEY EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt052297693
IRS990/TotalAssetsEOYAmt054162849
IRS990/TotalAssetsGrp/BOYAmt052297693
IRS990/TotalAssetsGrp/EOYAmt054162849
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01700488
IRS990/TotalFunctionalExpensesGrp/TotalAmt01700488
IRS990/TotalGrossUBIAmt09245
IRS990/TotalLiabilitiesBOYAmt047305514
IRS990/TotalLiabilitiesEOYAmt048609138
IRS990/TotalLiabilitiesGrp/BOYAmt047305514
IRS990/TotalLiabilitiesGrp/EOYAmt048609138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04992179
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05553711
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02058081
IRS990/TotalReportableCompFromOrgAmt0111193
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02252775
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02262020
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09245
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052297693
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt054162849
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0613 MAIN ST
IRS990/USAddress/CityNm0TEAGUE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$54,162,849
Liabilities
$48,609,138
Net assets
$5,553,711
Revenue
$2,262,020
Expenses
$1,700,488
Net income
$561,532
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$66.4$59.6$6.89$3.46$2.67$0.80
2023Detailed filing. Detailed filing data is available for this year.$58.1$52.0$6.09$2.62$2.07$0.56
2022Detailed filing. Detailed filing data is available for this year.$54.2$48.6$5.55$2.26$1.70$0.56
2021Detailed filing. Detailed filing data is available for this year.$52.3$47.3$4.99$2.07$1.71$0.36
2020Detailed filing. Detailed filing data is available for this year.$45.1$40.5$4.63$1.94$1.67$0.27
2019Detailed filing. Detailed filing data is available for this year.$43.5$39.2$4.36$2.01$1.71$0.30
2018Detailed filing. Detailed filing data is available for this year.$40.6$36.4$4.18$1.88$1.62$0.25
2017Detailed filing. Detailed filing data is available for this year.$40.5$36.6$3.93$1.79$1.70$0.09
2016Detailed filing. Detailed filing data is available for this year.$38.8$34.9$3.84$1.84$1.62$0.21
2015Detailed filing. Detailed filing data is available for this year.$40.0$36.4$3.61$1.78$1.67$0.10
2014Detailed filing. Detailed filing data is available for this year.$39.1$35.6$3.50$1.64$1.51$0.12
2013Detailed filing. Detailed filing data is available for this year.$36.2$32.9$3.38$1.49$1.48$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.9$31.5$3.37$1.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$32.2$3.21$1.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.4$31.4$3.02$1.60