Civic Intelligence

First Class American Credit Union

EIN 75-0275690 • 501(c)14 • Fort Worth, TX

Profile

Provide Members with quality financial services

2595 Polaris DriveFort Worth, TX 76137-4208

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2021

Net Margin

12th percentile

-45%

Higher net margin than 12% of similar nonprofits.

$500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-68%

Faster revenue growth than 4% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $60,962,918 (-100%) from 2020

Liabilities

Down

$0

Down $56,823,031 (-100%) from 2020

Net Assets

Down

$0

Down $4,139,887 (-100%) from 2020

Revenue

Down

$947,349

Down $2,039,446 (-68%) from 2020

Expenses

Down

$1,371,171

Down $1,503,805 (-52%) from 2020

Net Income

Down

-$423,822

Down $535,641 (-479%) from 2020

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $43,414,926Liabilities 2010: $40,052,300Net Assets 2010: $3,362,6262010Assets 2011: $43,265,286Liabilities 2011: $39,783,119Net Assets 2011: $3,482,1672011Assets 2012: $42,926,018Liabilities 2012: $39,307,803Net Assets 2012: $3,618,2152012Assets 2013: $45,016,679Liabilities 2013: $41,160,635Net Assets 2013: $3,856,0442013Assets 2014: $46,166,429Liabilities 2014: $42,049,728Net Assets 2014: $4,116,7012014Assets 2015: $48,914,000Liabilities 2015: $44,509,605Net Assets 2015: $4,404,3952015Assets 2016: $50,952,405Liabilities 2016: $46,375,333Net Assets 2016: $4,577,0722016Assets 2017: $54,757,088Liabilities 2017: $50,035,991Net Assets 2017: $4,721,0972017Assets 2018: $55,644,604Liabilities 2018: $51,335,915Net Assets 2018: $4,308,6892018Assets 2019: $57,348,882Liabilities 2019: $53,320,814Net Assets 2019: $4,028,0682019Assets 2020: $60,962,918Liabilities 2020: $56,823,031Net Assets 2020: $4,139,8872020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,632,7172010Expenses 2011: $2,474,8612011Expenses 2012: $2,192,3702012Revenue 2013: $2,343,668Expenses 2013: $2,105,839Net Income 2013: $237,8292013Revenue 2014: $2,408,816Expenses 2014: $2,148,158Net Income 2014: $260,6582014Revenue 2015: $2,450,206Expenses 2015: $2,162,512Net Income 2015: $287,6942015Revenue 2016: $2,461,913Expenses 2016: $2,289,236Net Income 2016: $172,6772016Revenue 2017: $2,661,313Expenses 2017: $2,517,288Net Income 2017: $144,0252017Revenue 2018: $2,910,521Expenses 2018: $3,322,929Net Income 2018: -$412,4082018Revenue 2019: $2,920,629Expenses 2019: $3,201,250Net Income 2019: -$280,6212019Revenue 2020: $2,986,795Expenses 2020: $2,874,976Net Income 2020: $111,8192020Revenue 2021: $947,349Expenses 2021: $1,371,171Net Income 2021: -$423,8222021

Highlighted filing

2021

Revenue$947,349
Expenses$1,371,171
Net Income-$423,822

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Apr 30, 2021
Signed
Aug 15, 2022
Return Version
2021v4.0
Gross Receipts
$947,349
Mission and Program Overview

Mission

Provide Members with quality financial services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$42,295,490--
Savings and Temporary Cash Investments$13,294,463--
Rtn Earn Endowment Incm Other Fnds$4,139,887--
Land, Buildings, and Equipment, Net$3,862,345--
Cash and Non-Interest-Bearing Accounts$782,991--
Prepaid Expenses and Deferred Charges$88,042--
Receivables From Officers Etc$27,114--
Accounts Receivable$4,334--
Total Assets$60,962,918$0▼ $60,962,918
Other Assets Total$608,139--
Liabilities
Other Liabilities$56,063,981--
Accounts Payable and Accrued Expenses$759,050--
Total Liabilities$56,823,031$0▼ $56,823,031
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,139,887$0▼ $4,139,887
Total Liabilities and Net Assets / Fund Balance$60,962,918$0▼ $60,962,918
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy Croix-stroudPresident/ceFT$81,257$4,787$86,044

Board Members and Trustees

NameTitle
Kelly IngersolChairperson/
Anthony SanchezVice Chairma
Ed DurisBoard Member
Jodie SandersBoard Member
Christie FiteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$934,058
Investment Income
$5,807
Other Revenue
$7,484
Change in Net Assets
$-423,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$919,795
Salaries, Compensation, and Employee Benefits$451,376
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$313,544
Current Officers, Directors, Trustees, and Key Employees---$86,044
Depreciation Depletion---$77,930
Office Expenses---$76,538
Occupancy---$67,402
Fees for Services Other---$60,291
Other Expenses---$42,821
Advertising---$40,097
All Other Expenses---$25,892
Payroll Taxes---$21,405
Pension Plan Contributions---$17,732
Insurance---$15,961
Other Employee Benefits---$12,651
Fees for Services Accounting---$8,800
Conferences and Meetings---$1,095
Fees for Services Legal---$75
Total Functional Expenses$0$0$0$1,371,171
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$27,114--
Governance and Compliance

Governance Checklist

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

The credit union is wholly owned by its members

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

The form 990 is reviewed at a regularly scheduled board meeting

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

Officers and directors are required to complete a conflict of interest disclosure annually should a matter that could be considered a conflict arise, that member is excuse from voting and discussion

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

A compensation compiled by cu resources is used as a guide

Form 990, Page 6, Part VI, Line 19

Monthly financials are posted onsite at the credit union

Filing and Contact Details

Filer

Filer Name
First Class American Credit Union
EIN
75-0275690
Phone
8178349770
Address
2595 POLARIS DRIVE, FORT WORTH, TX 76137-4208

Signing Officer

Name
Alfred Saker
Title
Controller
Phone
8178349770
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Croix-stroud
Formed
1929
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
16

Preparer

Firm
Fisher Herbst & Kemble Pc
Address
9501 CONSOLE DR STE 200, SAN ANTONIO, TX 78229
Preparer
Barbara L Herbst CPA
Phone
2106142284
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

-3,716,065 first class american credit union merged with united texas credit union, ein 74-1241284, on may 1, 2021. United texas credit union survived the merger. All assets were transfered to united texas credit union at the estimated fair value on the date of the merger.

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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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0UNITED TEXAS CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1UNITED TEXAS CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm2UNITED TEXAS CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm3UNITED TEXAS CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm4UNITED TEXAS CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt05500 UTSA BLVD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt15500 UTSA BLVD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt25500 UTSA BLVD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt35500 UTSA BLVD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt45500 UTSA BLVD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SAN ANTONIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1SAN ANTONIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2SAN ANTONIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3SAN ANTONIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4SAN ANTONIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd078249
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd178249
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd278249
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd378249
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd478249
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt02A - FIRST CLASS AMERICAN CREDIT UNION BOARD CHAIRMAN KELLY INGERSOLL AND BOARD VICE-CHAIRMAN ANTHONY SANCHEZ BECAME DIRECTORS OF UNITED TEXAS CREDIT UNION AT THE TIME OF THE MERGER. 2B - FIRST CLASS AMERICAN CREDIT UNION CEO NANCY CROIX-STROUD BECAME EXECUTIVE VICE-PRESIDENT OF UNITED TEXAS CREDIT UNION. FIRST CLASS AMERICAN CREDIT UNION CONTROLLER ALFRED SAKER BECAME CFO OF UNITED TEXAS CREDIT UNION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS WHOLLY OWNED BY ITS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AT A REGULARLY SCHEDULED BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY SHOULD A MATTER THAT COULD BE CONSIDERED A CONFLICT ARISE, THAT MEMBER IS EXCUSE FROM VOTING AND DISCUSSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COMPENSATION COMPILED BY CU RESOURCES IS USED AS A GUIDE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MONTHLY FINANCIALS ARE POSTED ONSITE AT THE CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5-3,716,065 FIRST CLASS AMERICAN CREDIT UNION MERGED WITH UNITED TEXAS CREDIT UNION, EIN 74-1241284, ON MAY 1, 2021. UNITED TEXAS CREDIT UNION SURVIVED THE MERGER. ALL ASSETS WERE TRANSFERED TO UNITED TEXAS CREDIT UNION AT THE ESTIMATED FAIR VALUE ON THE DATE OF THE MERGER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt060962918
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt060962918
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01371171
IRS990/TotalGrossUBIAmt07859
IRS990/TotalLiabilitiesBOYAmt056823031
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt056823031
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04139887
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt04787
IRS990/TotalProgramServiceRevenueAmt0934058
IRS990/TotalReportableCompFromOrgAmt081257
IRS990/TotalRevenueGrp/ExclusionAmt01025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0938465
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0947349
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07859
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt060962918
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02925 POLARIS DR
IRS990/USAddress/CityNm0FORT WORTH
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076137
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALFRED SAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CONTROLLER
ReturnHeader/BusinessOfficerGrp/PhoneNum08178349770
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST CLASS AMERICAN CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0750275690
ReturnHeader/Filer/PhoneNum08178349770
ReturnHeader/Filer/USAddress/AddressLine1Txt02595 POLARIS DRIVE
ReturnHeader/Filer/USAddress/CityNm0FORT WORTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0761374208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742584861
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FISHER HERBST & KEMBLE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09501 CONSOLE DR STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078229
ReturnHeader/PreparerPersonGrp/PhoneNum02106142284
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARBARA L HERBST CPA
ReturnHeader/ReturnTs02022-08-23T12:51:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALFRED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SAKER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-04-30
ReturnHeader/TaxYr02021

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