Civic Intelligence

Highway District 9 Credit Union

EIN 74-1272799 • 501(c)14 • Waco, TX

Profile

Highway District 9 Credit Union is a State-Chartered Credit Union formed under the state credit union law, and the credit union is a member-owned cooperative that provides traditional deposit and loan products, as well as other financial services to the membership. The credit union's focus is to improve the economic well-being of our member-owners.

2417 Columbus AvenueWaco, TX 76701

www.hwydist9.com

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.15x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Net Margin

54th percentile

1.9%

Higher net margin than 54% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$48,087

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 21.9% of source-year revenue.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Asset Growth

47th percentile

-10.0%

Faster asset growth than 47% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

15%

Faster revenue growth than 86% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,096,992

Down $453,343 (-10.0%) from 2023

Liabilities

Up

$33,109

Up $6,200 (+23%) from 2023

Net Assets

Down

$4,063,883

Down $459,543 (-10%) from 2023

Revenue

Up

$220,020

Up $27,926 (+15%) from 2023

Expenses

Up

$215,735

Up $40,175 (+23%) from 2023

Net Income

Down

$4,285

Down $12,249 (-74%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,837,459Liabilities 2011: $51,288Net Assets 2011: $4,786,1712011Assets 2012: $4,905,874Liabilities 2012: $52,874Net Assets 2012: $4,853,0002012Assets 2013: $4,944,368Liabilities 2013: $43,110Net Assets 2013: $4,901,2582013Assets 2014: $4,787,385Liabilities 2014: $42,017Net Assets 2014: $4,745,3682014Assets 2015: $4,809,640Liabilities 2015: $45,946Net Assets 2015: $4,763,6942015Assets 2016: $4,653,559Liabilities 2016: $48,044Net Assets 2016: $4,605,5152016Assets 2017: $4,663,081Liabilities 2017: $44,971Net Assets 2017: $4,618,1102017Assets 2018: $4,754,550Liabilities 2018: $49,446Net Assets 2018: $4,705,1042018Assets 2019: $4,702,700Liabilities 2019: $39,104Net Assets 2019: $4,663,5962019Assets 2020: $4,838,360Liabilities 2020: $38,912Net Assets 2020: $4,799,4482020Assets 2021: $4,768,961Liabilities 2021: $27,358Net Assets 2021: $4,741,6032021Assets 2022: $4,791,328Liabilities 2022: $20,965Net Assets 2022: $4,770,3632022Assets 2023: $4,550,335Liabilities 2023: $26,909Net Assets 2023: $4,523,4262023Assets 2024: $4,096,992Liabilities 2024: $33,109Net Assets 2024: $4,063,8832024

Highlighted filing

2024

Assets$4,096,992
Liabilities$33,109
Net Assets$4,063,883

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $201,004Expenses 2011: $197,660Net Income 2011: $3,3442011Revenue 2012: $196,346Expenses 2012: $190,588Net Income 2012: $5,7582012Revenue 2013: $180,350Expenses 2013: $175,296Net Income 2013: $5,0542013Revenue 2014: $182,300Expenses 2014: $167,627Net Income 2014: $14,6732014Revenue 2015: $191,977Expenses 2015: $170,390Net Income 2015: $21,5872015Revenue 2016: $202,332Expenses 2016: $191,205Net Income 2016: $11,1272016Revenue 2017: $193,722Expenses 2017: $169,846Net Income 2017: $23,8762017Revenue 2018: $180,489Expenses 2018: $166,774Net Income 2018: $13,7152018Revenue 2019: $186,557Expenses 2019: $168,771Net Income 2019: $17,7862019Revenue 2020: $182,294Expenses 2020: $169,436Net Income 2020: $12,8582020Revenue 2021: $161,732Expenses 2021: $156,880Net Income 2021: $4,8522021Revenue 2022: $142,648Expenses 2022: $149,463Net Income 2022: -$6,8152022Revenue 2023: $192,094Expenses 2023: $175,560Net Income 2023: $16,5342023Revenue 2024: $220,020Expenses 2024: $215,735Net Income 2024: $4,2852024

Highlighted filing

2024

Revenue$220,020
Expenses$215,735
Net Income$4,285

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.10$0.03$4.06$0.22$0.22$0.00
2023Detailed filing. Detailed filing data is available for this year.$4.55$0.03$4.52$0.19$0.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.79$0.02$4.77$0.14$0.15$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.77$0.03$4.74$0.16$0.16$0.00
2020Detailed filing. Detailed filing data is available for this year.$4.84$0.04$4.80$0.18$0.17$0.01
2019Summary only. Only limited summary data is available for this year.$4.70$0.04$4.66$0.19$0.17$0.02
2018Summary only. Only limited summary data is available for this year.$4.75$0.05$4.71$0.18$0.17$0.01
2017Summary only. Only limited summary data is available for this year.$4.66$0.04$4.62$0.19$0.17$0.02
2016Summary only. Only limited summary data is available for this year.$4.65$0.05$4.61$0.20$0.19$0.01
2015Summary only. Only limited summary data is available for this year.$4.81$0.05$4.76$0.19$0.17$0.02
2014Summary only. Only limited summary data is available for this year.$4.79$0.04$4.75$0.18$0.17$0.01
2013Summary only. Only limited summary data is available for this year.$4.94$0.04$4.90$0.18$0.18$0.01
2012Summary only. Only limited summary data is available for this year.$4.91$0.05$4.85$0.20$0.19$0.01
2011Summary only. Only limited summary data is available for this year.$4.84$0.05$4.79$0.20$0.20$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 28, 2025
Return Version
2024v5.0
Gross Receipts
$220,020
Mission and Program Overview

Mission

Highway District 9 Credit Union is a State-Chartered Credit Union formed under the state credit union law, and the credit union is a member-owned cooperative that provides traditional deposit and loan products, as well as other financial services to the membership. The credit union's focus is to improve the economic well-being of our member-owners.

Highway District 9 Credit Union is a State-Chartered Credit Union formed under the state credit union law, and it provides traditional deposit and loan products, as well as other financial services, to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,523,426$4,063,883▼ $459,543
Savings and Temporary Cash Investments$2,636,721$2,082,781▼ $553,940
Other Notes and Loans Receivable, Net$1,775,768$1,726,753▼ $49,015
Cash and Non-Interest-Bearing Accounts$66,619$177,425▲ $110,806
Land, Buildings, and Equipment, Net$57,937$77,660▲ $19,723
Prepaid Expenses and Deferred Charges$15,148$22,424▲ $7,276
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Accounts Receivable$-39,443$-25,000▲ $14,443
Total Assets$4,550,335$4,096,992▼ $453,343
Other Assets Total$37,585$34,949▼ $2,636
Liabilities
Accounts Payable and Accrued Expenses$26,909$33,109▲ $6,200
Total Liabilities$26,909$33,109▲ $6,200
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,523,426$4,063,883▼ $459,543
Total Liabilities and Net Assets / Fund Balance$4,550,335$4,096,992▼ $453,343

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,473$58,294$0
Other Land Buildings$0$0$0
Land$6,000-$0
Equipment$1,187$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rachel ReavisPresident/ManagerPT$48,087$48,087

Board Members and Trustees

NameTitle
Janis GuestChair
David Swinson IIIVice-Chair
Charlie PhillipsBoard of Directors
Eric OlivasBoard of Directors
Katherine PowledgeSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$149,236
Investment Income
$70,784
Other Revenue
$0
Change in Net Assets
$4,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,110
Salaries, Compensation, and Employee Benefits$79,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$70,954
Interest---$43,305
Office Expenses---$23,466
Depreciation Depletion---$13,450
Occupancy---$12,055
Payroll Taxes---$5,426
Insurance---$4,269
Pension Plan Contributions---$3,200
Other Expenses---$2,755
Other Employee Benefits---$45
Total Functional Expenses$0$0$0$215,735
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
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Yes, the credit union has members who can join the credit union if they meet the "field of membership" requirements and choose to join.

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

During the Annual Meeting of Membership, each credit union member has one vote on the board of directors positions being filled.

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

The IRS Form 990 will be reviewed by the president at the time of filing, followed by the board of directors.

Form 990, Part VI, Section B, Line 15

Annual compensation surveys are used by the board of directors to establish the salaries of the president and clerk.

Form 990, Part VI, Section C, Line 19

Highway District 9 Credit Union makes its governing documents available to the public during normal business hours. Some documents are posted in the lobby, while others are provided upon request.

Filing and Contact Details

Filer

Filer Name
Highway District 9 Credit Union
EIN
74-1272799
Phone
2547566331
Address
2417 Columbus Avenue, Waco, TX 76701

Signing Officer

Name
Rachel Reavis
Title
Manager
Phone
2547566331
Signed
2025-03-28

Organization Details

Principal Officer
Rachel Reavis
Formed
1953
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in the value of member shares, a total decrease of $463,827.26.

Raw XML Appendix356 raw XML fields

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

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt0-25000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Highway District 9 Credit Union is a State-Chartered Credit Union formed under the state credit union law, and it provides traditional deposit and loan products, as well as other financial services, to its members.
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IRS990/BooksInCareOfDetail/PhoneNum02547566331
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02417 Columbus Avenue
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IRS990/Desc0Loans: The credit union provides loans in several categories. The offerings include consumer automobile loans, unsecured loans, share loans, and residential mortgage loans. As part of the loan program, the credit union also offers loan-related insurance products such as Single Premium Disability.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Board of Directors
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IRS990/MissionDesc0Highway District 9 Credit Union is a State-Chartered Credit Union formed under the state credit union law, and the credit union is a member-owned cooperative that provides traditional deposit and loan products, as well as other financial services to the membership. The credit union's focus is to improve the economic well-being of our member-owners.
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Share Savings: The credit union offers savings accounts. These accounts pay dividends semi-annually.
IRS990/ProgSrvcAccomActy3Grp/Desc0Check cashing and other teller-related services.
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04523426
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04063883
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02636721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02082781
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt070473
IRS990ScheduleD/BuildingsGrp/DepreciationAmt058294
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0128767
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01187
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt06000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt06000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077660
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Yes, the credit union has members who can join the credit union if they meet the "field of membership" requirements and choose to join.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1During the Annual Meeting of Membership, each credit union member has one vote on the board of directors positions being filled.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The IRS Form 990 will be reviewed by the president at the time of filing, followed by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annual compensation surveys are used by the board of directors to establish the salaries of the president and clerk.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Highway District 9 Credit Union makes its governing documents available to the public during normal business hours. Some documents are posted in the lobby, while others are provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Change in the value of member shares, a total decrease of $463,827.26.
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 B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04550335
IRS990/TotalAssetsEOYAmt04096992
IRS990/TotalAssetsGrp/BOYAmt04550335
IRS990/TotalAssetsGrp/EOYAmt04096992
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0215735
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026909
IRS990/TotalLiabilitiesEOYAmt033109
IRS990/TotalLiabilitiesGrp/BOYAmt026909
IRS990/TotalLiabilitiesGrp/EOYAmt033109
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04523426
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04063883
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0149236
IRS990/TotalReportableCompFromOrgAmt048087
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0220020
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0220020
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04550335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04096992
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02417 COLUMBUS AVENUE
IRS990/USAddress/CityNm0WACO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076701
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0https://www.hwydist9.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Rachel Reavis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum02547566331
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGHWAY DISTRICT 9 CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0741272799
ReturnHeader/Filer/PhoneNum02547566331
ReturnHeader/Filer/USAddress/AddressLine1Txt02417 Columbus Avenue
ReturnHeader/Filer/USAddress/CityNm0Waco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076701
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-05T17:02:58-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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