Civic Intelligence

Postel Family Credit Union

EIN 75-0813625 • 501(c)14 • Wichita Falls, TX

Profile

Provider of credit union financial services. Postel offers its members checking, savings, loan accounts and certificates of deposit.

4400 Maplewood AvenueWichita Falls, TX 76308

www.postelcu.com

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.88x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

12.06x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

96th percentile

34%

Higher net margin than 96% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

37th percentile

$142,406

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Asset Growth

64th percentile

3.4%

Faster asset growth than 64% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

43%

Faster revenue growth than 98% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$75,923,058

Up $2,504,130 (+3.4%) from 2023

Liabilities

Up

$66,905,841

Up $1,171,833 (+1.8%) from 2023

Net Assets

Up

$9,017,217

Up $1,332,297 (+17%) from 2023

Revenue

Up

$5,546,914

Up $1,666,653 (+43%) from 2023

Expenses

Down

$3,658,684

Down $2,574 (-0.1%) from 2023

Net Income

Up

$1,888,230

Up $1,669,227 (+762%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $56,546,580Liabilities 2010: $51,486,821Net Assets 2010: $5,059,7592010Assets 2011: $57,883,637Liabilities 2011: $52,784,571Net Assets 2011: $5,099,0662011Assets 2012: $61,713,524Liabilities 2012: $56,395,819Net Assets 2012: $5,317,7052012Assets 2013: $65,707,182Liabilities 2013: $60,138,091Net Assets 2013: $5,569,0912013Assets 2014: $69,239,139Liabilities 2014: $63,639,690Net Assets 2014: $5,599,4492014Assets 2015: $66,693,657Liabilities 2015: $60,837,328Net Assets 2015: $5,856,3292015Assets 2016: $65,731,472Liabilities 2016: $59,810,277Net Assets 2016: $5,921,1952016Assets 2017: $65,236,651Liabilities 2017: $59,276,467Net Assets 2017: $5,960,1842017Assets 2018: $61,041,065Liabilities 2018: $54,863,335Net Assets 2018: $6,177,7302018Assets 2019: $61,687,122Liabilities 2019: $54,999,641Net Assets 2019: $6,687,4812019Assets 2020: $71,523,655Liabilities 2020: $64,574,982Net Assets 2020: $6,948,6732020Assets 2021: $76,236,804Liabilities 2021: $68,876,358Net Assets 2021: $7,360,4462021Assets 2022: $75,778,596Liabilities 2022: $68,010,804Net Assets 2022: $7,767,7922022Assets 2023: $73,418,928Liabilities 2023: $65,734,008Net Assets 2023: $7,684,9202023Assets 2024: $75,923,058Liabilities 2024: $66,905,841Net Assets 2024: $9,017,2172024

Highlighted filing

2024

Assets$75,923,058
Liabilities$66,905,841
Net Assets$9,017,217

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $3,461,2362010Expenses 2011: $3,309,4012011Expenses 2012: $3,041,7652012Revenue 2013: $3,265,674Expenses 2013: $3,030,673Net Income 2013: $235,0012013Revenue 2014: $3,534,720Expenses 2014: $3,504,362Net Income 2014: $30,3582014Revenue 2015: $3,574,689Expenses 2015: $3,317,809Net Income 2015: $256,8802015Revenue 2016: $3,668,871Expenses 2016: $3,604,006Net Income 2016: $64,8652016Revenue 2017: $3,293,211Expenses 2017: $3,254,222Net Income 2017: $38,9892017Revenue 2018: $3,406,670Expenses 2018: $3,189,124Net Income 2018: $217,5462018Revenue 2019: $3,591,895Expenses 2019: $3,082,144Net Income 2019: $509,7512019Revenue 2020: $3,452,573Expenses 2020: $3,191,381Net Income 2020: $261,1922020Revenue 2021: $3,554,684Expenses 2021: $3,142,911Net Income 2021: $411,7732021Revenue 2022: $3,582,610Expenses 2022: $3,175,264Net Income 2022: $407,3462022Revenue 2023: $3,880,261Expenses 2023: $3,661,258Net Income 2023: $219,0032023Revenue 2024: $5,546,914Expenses 2024: $3,658,684Net Income 2024: $1,888,2302024

Highlighted filing

2024

Revenue$5,546,914
Expenses$3,658,684
Net Income$1,888,230

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$75.9$66.9$9.02$5.55$3.66$1.89
2023Detailed filing. Detailed filing data is available for this year.$73.4$65.7$7.68$3.88$3.66$0.22
2022Detailed filing. Detailed filing data is available for this year.$75.8$68.0$7.77$3.58$3.18$0.41
2021Detailed filing. Detailed filing data is available for this year.$76.2$68.9$7.36$3.55$3.14$0.41
2020Detailed filing. Detailed filing data is available for this year.$71.5$64.6$6.95$3.45$3.19$0.26
2019Detailed filing. Detailed filing data is available for this year.$61.7$55.0$6.69$3.59$3.08$0.51
2018Detailed filing. Detailed filing data is available for this year.$61.0$54.9$6.18$3.41$3.19$0.22
2017Detailed filing. Detailed filing data is available for this year.$65.2$59.3$5.96$3.29$3.25$0.04
2016Detailed filing. Detailed filing data is available for this year.$65.7$59.8$5.92$3.67$3.60$0.06
2015Detailed filing. Detailed filing data is available for this year.$66.7$60.8$5.86$3.57$3.32$0.26
2014Detailed filing. Detailed filing data is available for this year.$69.2$63.6$5.60$3.53$3.50$0.03
2013Detailed filing. Detailed filing data is available for this year.$65.7$60.1$5.57$3.27$3.03$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.7$56.4$5.32$3.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.9$52.8$5.10$3.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.5$51.5$5.06$3.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 16, 2026
Return Version
2024v5.0
Gross Receipts
$5,546,914
Mission and Program Overview

Mission

Provider of credit union financial services. Postel offers its members checking, savings, loan accounts and certificates of deposit.

POSTEL FAMILY CREDIT UNION is a not-for-profit financial cooperative and is a member of the National Credit Union Administration Fund. The credit union is regulated by the State of Texas Credit Union Department as well as the National Credit Union Administration. (Con't on Sch O.)

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$38,770,837$38,977,966▲ $207,129
Investments Other Securities$22,526,368$24,065,964▲ $1,539,596
Rtn Earn Endowment Incm Other Fnds$7,709,433$9,017,217▲ $1,307,784
Land, Buildings, and Equipment, Net$7,159,286$8,610,720▲ $1,451,434
Accounts Receivable$508,614$1,253,964▲ $745,350
Receivables From Officers Etc$1,240,064$1,178,362▼ $61,702
Cash and Non-Interest-Bearing Accounts$986,372$902,994▼ $83,378
Prepaid Expenses and Deferred Charges$108,329$47,313▼ $61,016
Savings and Temporary Cash Investments$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$72,069,814$75,923,058▲ $3,853,244
Other Assets Total$769,944$885,775▲ $115,831
Liabilities
Other Liabilities$63,473,450$65,578,684▲ $2,105,234
Accounts Payable and Accrued Expenses$886,931$1,327,157▲ $440,226
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$64,360,381$66,905,841▲ $2,545,460
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,709,433$9,017,217▲ $1,307,784
Total Liabilities and Net Assets / Fund Balance$72,069,814$75,923,058▲ $3,853,244

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,059,746$800,100$0
Other Land Buildings$0$0$0
Land$877,800-$0
Equipment$673,174$782,650$0
Leasehold Improvements$0$0$0
Other Securities$5,617,345--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rick HansonPresident/CEOFT$142,406$142,406
Steve HansonVice President Chief Lending OfficerFT$83,313$83,313
Linda FrostVice President COOFT$81,341$81,341
Candace PerezAVP, Accounting ManagerFT$59,773$59,773

Board Members and Trustees

NameTitle
Joe RyckoffBoard Chairman
Robert FonckVice Chairman
Bill PressonBoard Member
David ZentgrafBoard Member
Mark BeauchampBoard Member
Weldon DayBoard Member
John Luig JrSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,319,835
Investment Income
$611,085
Other Revenue
$1,615,994
Change in Net Assets
$1,888,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,489,905
Salaries, Compensation, and Employee Benefits$1,168,779
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$603,584
Interest---$599,136
Other Employee Benefits---$403,084
Current Officers, Directors, Trustees, and Key Employees---$367,126
Fees for Services Other---$283,818
Other Salaries and Wages---$217,264
Other Expenses---$214,259
Occupancy---$175,764
Depreciation Depletion---$166,862
Payroll Taxes---$157,806
Advertising---$122,139
All Other Expenses---$71,384
Insurance---$68,508
Information Technology---$60,000
Fees for Services Accounting---$42,000
Fees for Services Legal---$24,011
Pension Plan Contributions---$23,499
Travel---$12,360
Conferences and Meetings---$7,277
Total Functional Expenses$0$0$0$3,658,684
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$1,240,064$1,178,362▼ $61,702
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$65,578,684
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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 2

Our CEO and Vice President of Financial Services are brothers.

Form 990, Part VI, Section A, Line 6

Postel Family Credit Union is a not-for-profit financial cooperative owned by its members.

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

Members elect Board of Directors each year at Postel Family Credit Union's annual meeting.

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

Mergers and acquisitions are subject to approval by the membership of the credit union as a whole.

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

The CEO reviews the Form 990 and required schedules after preparation by the AVP of Accounting. A copy of the Form 990 is provided to each member of the Postel Family Credit Union's Board of Directors for review.

Form 990, Part VI, Section B, Line 12C

The policy is reviewed annually, and accounts are verified at that time.

Form 990, Part VI, Section B, Line 15

Postel Family Credit Union performs, at a minimum, an annual evaluation of all staff.

Form 990, Part VI, Section C, Line 19

Postel Family Credit Union makes its governing documents, conflicts of interest policy and financial statements available to the public upon request. Its financial statements are displayed within the lobby at the credit union.

Filing and Contact Details

Filer

Filer Name
Postel Family Credit Union
EIN
75-0813625
Phone
9407618600
Address
4400 Maplewood Avenue, Wichita Falls, TX 76308

Signing Officer

Name
Candace Walker
Title
AVP, Accounting Manager
Phone
9407618600
Signed
2026-03-16

Organization Details

Principal Officer
Rick Hanson
Formed
1929
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
25
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Postel Family Credit Union offers products and services in four primary areas: (1) Share accounts (2) Checking accounts (3) Consumer Loans (4) Real Estate Loans.

Form 990, Part XI, Line 9

Adjustment.

Raw XML AppendixShowing 400 of 565 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0POSTEL FAMILY CREDIT UNION is a not-for-profit financial cooperative and is a member of the National Credit Union Administration Fund. The credit union is regulated by the State of Texas Credit Union Department as well as the National Credit Union Administration. (Con't on Sch O.)
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IRS990/Desc0Share Accounts: Postel Family Credit Union had 5,748 members as of December 31, 2024. Member savings accounts pay dividends monthly. These accounts can be accessed through the branch network, home banking via the internet, mobile devices, telephone network and ATM's worldwide. Special savings accounts designed for children and teenagers encourage the development of consistent savings habits.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Linda Frost
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IRS990/Form990PartVIISectionAGrp/PersonNm4Joe Ryckoff
IRS990/Form990PartVIISectionAGrp/PersonNm5Robert Fonck
IRS990/Form990PartVIISectionAGrp/PersonNm6John Luig Jr
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President Chief Lending Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President COO
IRS990/Form990PartVIISectionAGrp/TitleTxt3AVP, Accounting Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/MembersOrStockholdersInd01
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IRS990/OfficeExpensesGrp/TotalAmt0603584
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IRS990/OperateHospitalInd00
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IRS990/OtherAssetsTotalGrp/BOYAmt0769944
IRS990/OtherAssetsTotalGrp/EOYAmt0885775
IRS990/OtherChangesInNetAssetsAmt0-580446
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0403084
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IRS990/OtherExpensesGrp/TotalAmt038803
IRS990/OtherExpensesGrp/TotalAmt1214259
IRS990/OtherLiabilitiesGrp/BOYAmt063473450
IRS990/OtherLiabilitiesGrp/EOYAmt065578684
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0217264
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt038770837
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt038977966
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IRS990/PensionPlanContributionsGrp/TotalAmt023499
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047313
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IRS990/ProgSrvcAccomActy2Grp/Desc0Checking Accounts: Postel Family Credit Union provides checking accounts for its members. Dividends are paid monthly. The credit union offers debit cards, internet access to accounts, mobile access, remote deposit and free use of the internet bill payer platform.
IRS990/ProgSrvcAccomActy3Grp/Desc0Consumer Loans: Postel Family Credit Union offers loans for vehicles, boats, motorcycles, mortgages, unsecured purposes and recreational vehicles.
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09017217
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0673174
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0782650
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt113183000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt24975051
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt35617345
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
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IRS990ScheduleD/TotalBookValueSecuritiesAmt024065964
IRS990ScheduleD/TotalLiabilityAmt065578684
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt34925
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt475806
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt525214
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt647948
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt752094
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt872004
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt9229577
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt10340574
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X

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