Civic Intelligence

Houston Highway Credit Union

990 • Fiscal year 2014 • EIN 74-1280652

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 04, 2015

8120 Washington AveHouston, TX 77007

(713) 864-4438

Siviq Scores

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

Liabilities / Assets

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

46th percentile

18.46x

Higher debt load relative to revenue than 46% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Net Margin

3rd percentile

-16%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Asset Growth

38th percentile

1.5%

Faster asset growth than 38% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

80th percentile

5.7%

Faster revenue growth than 80% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$62,042,861

Up $892,334 (+1.5%) from 2013

Net Assets

Up

$4,648,766

Up $80,468 (+1.8%) from 2013

Liabilities

Up

$57,394,095

Up $811,866 (+1.4%) from 2013

Revenue

Up

$3,109,842

Up $167,822 (+5.7%) from 2013

Expenses

Up

$3,600,432

Up $688,556 (+24%) from 2013

Net Income

Down

-$490,590

Down $520,734 (-1727%) from 2013

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $49,187,283Liabilities 2010: $44,520,869Net Assets 2010: $4,666,4142010Assets 2011: $53,362,382Liabilities 2011: $49,154,405Net Assets 2011: $4,207,9772011Assets 2012: $58,802,039Liabilities 2012: $54,206,052Net Assets 2012: $4,595,9872012Assets 2013: $61,150,527Liabilities 2013: $56,582,229Net Assets 2013: $4,568,2982013Assets 2014: $62,042,861Liabilities 2014: $57,394,095Net Assets 2014: $4,648,7662014Assets 2015: $63,136,456Liabilities 2015: $58,579,709Net Assets 2015: $4,556,7472015Assets 2016: $59,030,521Liabilities 2016: $55,386,302Net Assets 2016: $3,644,2192016Assets 2017: $59,360,820Liabilities 2017: $55,953,272Net Assets 2017: $3,407,5482017Assets 2018: $57,543,527Liabilities 2018: $54,021,873Net Assets 2018: $3,521,6542018Assets 2019: $53,674,475Liabilities 2019: $50,321,308Net Assets 2019: $3,353,1672019Assets 2020: $53,352,651Liabilities 2020: $50,481,556Net Assets 2020: $2,871,0952020Assets 2021: $52,034,607Liabilities 2021: $49,429,007Net Assets 2021: $2,605,6002021Assets 2022: $49,153,973Liabilities 2022: $47,074,798Net Assets 2022: $2,079,1752022Assets 2023: $47,770,974Liabilities 2023: $44,677,972Net Assets 2023: $3,093,0022023Assets 2024: $47,216,721Liabilities 2024: $42,336,762Net Assets 2024: $4,879,9592024

Highlighted filing

2014

Assets$62,042,861
Liabilities$57,394,095
Net Assets$4,648,766

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,247,9502010Expenses 2011: $2,410,9432011Expenses 2012: $2,755,9532012Revenue 2013: $2,942,020Expenses 2013: $2,911,876Net Income 2013: $30,1442013Revenue 2014: $3,109,842Expenses 2014: $3,600,432Net Income 2014: -$490,5902014Revenue 2015: $2,961,561Expenses 2015: $2,954,668Net Income 2015: $6,8932015Revenue 2016: $2,897,071Expenses 2016: $3,266,110Net Income 2016: -$369,0392016Revenue 2017: $2,989,914Expenses 2017: $3,303,692Net Income 2017: -$313,7782017Revenue 2018: $2,975,073Expenses 2018: $2,801,931Net Income 2018: $173,1422018Revenue 2019: $2,823,659Expenses 2019: $2,723,488Net Income 2019: $100,1712019Revenue 2020: $2,361,390Expenses 2020: $2,850,000Net Income 2020: -$488,6102020Revenue 2021: $2,345,323Expenses 2021: $2,487,691Net Income 2021: -$142,3682021Revenue 2022: $2,201,820Expenses 2022: $2,943,417Net Income 2022: -$741,5972022Revenue 2023: $2,339,608Expenses 2023: $1,462,575Net Income 2023: $877,0332023Revenue 2024: $2,091,403Expenses 2024: $1,185,441Net Income 2024: $905,9622024

Highlighted filing

2014

Revenue$3,109,842
Expenses$3,600,432
Net Income-$490,590
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 4, 2015
Return Version
2014v5.0
Gross Receipts
$3,109,842
Mission and Program Overview

Mission

The credit union is a financial cooperative that has consumer financial products such as savings, checking, certificates of deposit, auto loans, and other personal consumer financial products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$37,649,290$36,064,969▼ $1,584,321
Investments Program Related$20,007,578$21,577,045▲ $1,569,467
Rtn Earn Endowment Incm Other Fnds$4,568,298$4,648,766▲ $80,468
Prepaid Expenses and Deferred Charges$1,724,401$2,371,350▲ $646,949
Land, Buildings, and Equipment, Net$1,095,857$1,373,835▲ $277,978
Cash and Non-Interest-Bearing Accounts$488,992$457,504▼ $31,488
Accounts Receivable$7,088$6,184▼ $904
Total Assets$61,150,527$62,042,861▲ $892,334
Other Assets Total$177,321$191,974▲ $14,653
Liabilities
Other Liabilities$56,489,263$57,396,374▲ $907,111
Accounts Payable and Accrued Expenses$92,966$-2,279▼ $95,245
Total Liabilities$56,582,229$57,394,095▲ $811,866
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,568,298$4,648,766▲ $80,468
Total Liabilities and Net Assets / Fund Balance$61,150,527$62,042,861▲ $892,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$875,429$388,249$1,263,678
Equipment$264,465$288,792$553,257
Land$233,941-$233,941
Investment Program Related Org$120,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike AlfordChairman
Rita DennisVice Chairma
Davin EngDirector
Gail MoreaDirector
Greg RanftDirector
Liz GerstenbergerSecretary
Otto MareshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,850,255
Investment Income
$259,587
Other Revenue
$0
Change in Net Assets
$-490,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,565,455
Salaries, Compensation, and Employee Benefits$815,445
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$747,701
Office Expenses---$370,106
Advertising---$356,894
Fees for Services Accounting---$310,522
Fees for Services Other---$249,364
Benefits to Members---$219,532
Depreciation Depletion---$119,851
Conferences and Meetings---$97,377
Payroll Taxes---$60,383
Occupancy---$41,572
Other Expenses---$22,223
All Other Expenses---$10,828
Other Employee Benefits---$7,361
Total Functional Expenses$0$0$0$3,600,432
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares/deposits$57,396,374
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Houston highway credit union is a state chartered credit union comprised of owner/members from a common field of membership and who have paid into their share accounts the authorized minimum membership shres.

Form 990, Page 6, Part VI, Line 7A

The members hold annual meetings at which time the members present elect open positions for board of directors.

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided the board members for review. After review and discussion, the form is approved for remittance to the irs.

Form 990, Page 6, Part VI, Line 12C

Officials are requested to disclose any conflicts of interest. If there are any apparent conflicts of interest, the affected official abstains from voting on the conflicting issue.

Form 990, Page 6, Part VI, Line 15B

The board of directors reviews on an annual basis the compensation levels of all key employees prior to approval increases.

Form 990, Page 6, Part VI, Line 19

Financial statements are posted monthly in the credit union office for all members to review. The governance documents are available in the credit union office for review upon request.

Filing and Contact Details

Filer

Filer Name
Houston Highway Credit Union
EIN
74-1280652
Phone
7138644438
Address
8120 WASHINGTON AVE, HOUSTON, TX 77007

Signing Officer

Name
Craig Atkinson
Title
President
Phone
7138644438
Signed
2015-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Atkinson
Formed
1952
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
29

Preparer

Firm
Lema & Associates
Address
610 E MARKET ST STE 2906, SAN ANTONIO, TX 78205-2680
Preparer
Angel R Lema CPA
Phone
2102124822
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Added membership fees added credit builder loans upgraded iphone/smartphone apps

Form 990, Part XI, Line 9

571,058 change in other comprehensive income-pension 584,711 change in allowance for investment securities ( 13,652) net change in reserves 571,058

Raw XML Appendix355 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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1OTHER INSURED DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2DEPOSIT/OTHER FINANCIALS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3DEPOSITS IN CORP.C.U.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5CAPITAL SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6CU INVESTMENT SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/LandGrp/BookValueAmt0233941
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0233941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057396374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES/DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01373835
IRS990ScheduleD/TotalBookValueProgramRltdAmt021577045
IRS990ScheduleD/TotalLiabilityAmt057396374
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADDED MEMBERSHIP FEES ADDED CREDIT BUILDER LOANS UPGRADED IPHONE/SMARTPHONE APPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HOUSTON HIGHWAY CREDIT UNION IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS FROM A COMMON FIELD OF MEMBERSHIP AND WHO HAVE PAID INTO THEIR SHARE ACCOUNTS THE AUTHORIZED MINIMUM MEMBERSHIP SHRES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS HOLD ANNUAL MEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 IS PROVIDED THE BOARD MEMBERS FOR REVIEW. AFTER REVIEW AND DISCUSSION, THE FORM IS APPROVED FOR REMITTANCE TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICIALS ARE REQUESTED TO DISCLOSE ANY CONFLICTS OF INTEREST. IF THERE ARE ANY APPARENT CONFLICTS OF INTEREST, THE AFFECTED OFFICIAL ABSTAINS FROM VOTING ON THE CONFLICTING ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS ON AN ANNUAL BASIS THE COMPENSATION LEVELS OF ALL KEY EMPLOYEES PRIOR TO APPROVAL INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED MONTHLY IN THE CREDIT UNION OFFICE FOR ALL MEMBERS TO REVIEW. THE GOVERNANCE DOCUMENTS ARE AVAILABLE IN THE CREDIT UNION OFFICE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7571,058 CHANGE IN OTHER COMPREHENSIVE INCOME-PENSION 584,711 CHANGE IN ALLOWANCE FOR INVESTMENT SECURITIES ( 13,652) NET CHANGE IN RESERVES 571,058
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt061150527
IRS990/TotalAssetsEOYAmt062042861
IRS990/TotalAssetsGrp/BOYAmt061150527
IRS990/TotalAssetsGrp/EOYAmt062042861
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03600432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt056582229
IRS990/TotalLiabilitiesEOYAmt057394095
IRS990/TotalLiabilitiesGrp/BOYAmt056582229
IRS990/TotalLiabilitiesGrp/EOYAmt057394095
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04568298
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04648766
IRS990/TotalOtherProgSrvcExpenseAmt03600432
IRS990/TotalProgramServiceExpensesAmt03600432
IRS990/TotalProgramServiceRevenueAmt02850255
IRS990/TotalRevenueGrp/ExclusionAmt0259587
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02850255
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03109842
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061150527
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062042861
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08120 WASHINGTON AVE
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077007
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HOUSTONHIGHWAYCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG ATKINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07138644438
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOUSTON HIGHWAY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
ReturnHeader/Filer/EIN0741280652
ReturnHeader/Filer/PhoneNum07138644438
ReturnHeader/Filer/USAddress/AddressLine1Txt08120 WASHINGTON AVE
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077007
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEMA & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0610 E MARKET ST STE 2906
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0782052680
ReturnHeader/PreparerPersonGrp/PhoneNum02102124822
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGEL R LEMA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-02-09T18:15:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.2$42.3$4.88$2.09$1.19$0.91
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.8$44.7$3.09$2.34$1.46$0.88
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.2$47.1$2.08$2.20$2.94$0.74
2021Detailed filing. Detailed filing data is available for this year.$52.0$49.4$2.61$2.35$2.49$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.4$50.5$2.87$2.36$2.85$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.7$50.3$3.35$2.82$2.72$0.10
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.5$54.0$3.52$2.98$2.80$0.17
2017Detailed filing. Detailed filing data is available for this year.$59.4$56.0$3.41$2.99$3.30$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.0$55.4$3.64$2.90$3.27$0.37
2015Detailed filing. Detailed filing data is available for this year.$63.1$58.6$4.56$2.96$2.95$0.01
2014Detailed filing. Detailed filing data is available for this year.$62.0$57.4$4.65$3.11$3.60$0.49
2013Detailed filing. Detailed filing data is available for this year.$61.2$56.6$4.57$2.94$2.91$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.8$54.2$4.60$2.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.4$49.2$4.21$2.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$44.5$4.67$2.25
Peer Organizations

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