Civic Intelligence

Cooperative Teachers Credit Union

EIN 75-0905956 • 501(c)14 • Tyler, TX

Profile

Cooperative teachers credit union encourages thrift (savings), provides credit possiblities at a fair and reasonable rate and adequate services for the membership in order to enhance social and personal growth through sound money management.

1424 WSW Loop 323Tyler, TX 75701

www.coopteachers.com

Siviq Scores

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

Liabilities / Assets

99th percentile

0.95x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

14.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

6th percentile

-2.4%

Higher net margin than 6% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

10th percentile

$145,123

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Asset Growth

2nd percentile

-13%

Faster asset growth than 2% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-6.4%

Faster revenue growth than 4% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$102,688,664

Down $14,718,288 (-13%) from 2023

Liabilities

Down

$97,552,842

Down $14,627,183 (-13%) from 2023

Net Assets

Down

$5,135,822

Down $91,105 (-1.7%) from 2023

Revenue

Down

$6,953,013

Down $474,739 (-6.4%) from 2023

Expenses

Down

$7,118,168

Down $16,970 (-0.2%) from 2023

Net Income

Down

-$165,155

Down $457,769 (-156%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $57,629,369Liabilities 2011: $48,694,818Net Assets 2011: $8,934,5512011Assets 2012: $63,037,538Liabilities 2012: $53,341,809Net Assets 2012: $9,695,7292012Assets 2013: $68,162,344Liabilities 2013: $57,831,346Net Assets 2013: $10,330,9982013Assets 2014: $78,983,777Liabilities 2014: $67,947,510Net Assets 2014: $11,036,2672014Assets 2015: $101,065,337Liabilities 2015: $89,371,326Net Assets 2015: $11,694,0112015Assets 2016: $96,216,429Liabilities 2016: $83,415,577Net Assets 2016: $12,800,8522016Assets 2017: $117,354,390Liabilities 2017: $103,581,686Net Assets 2017: $13,772,7042017Assets 2018: $114,532,936Liabilities 2018: $100,388,736Net Assets 2018: $14,144,2002018Assets 2019: $113,860,664Liabilities 2019: $99,264,500Net Assets 2019: $14,596,1642019Assets 2020: $124,771,965Liabilities 2020: $109,929,628Net Assets 2020: $14,842,3372020Assets 2021: $138,383,363Liabilities 2021: $124,221,509Net Assets 2021: $14,161,8542021Assets 2022: $124,846,227Liabilities 2022: $117,327,754Net Assets 2022: $7,518,4732022Assets 2023: $117,406,952Liabilities 2023: $112,180,025Net Assets 2023: $5,226,9272023Assets 2024: $102,688,664Liabilities 2024: $97,552,842Net Assets 2024: $5,135,8222024

Highlighted filing

2024

Assets$102,688,664
Liabilities$97,552,842
Net Assets$5,135,822

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $2,521,7962011Expenses 2012: $2,251,1892012Revenue 2013: $3,181,152Expenses 2013: $2,540,718Net Income 2013: $640,4342013Revenue 2014: $3,542,780Expenses 2014: $2,710,720Net Income 2014: $832,0602014Revenue 2015: $4,356,867Expenses 2015: $3,342,898Net Income 2015: $1,013,9692015Revenue 2016: $4,372,378Expenses 2016: $3,485,214Net Income 2016: $887,1642016Revenue 2017: $4,972,431Expenses 2017: $4,056,027Net Income 2017: $916,4042017Revenue 2018: $5,908,090Expenses 2018: $5,357,926Net Income 2018: $550,1642018Revenue 2019: $5,917,733Expenses 2019: $5,683,444Net Income 2019: $234,2892019Revenue 2020: $6,159,685Expenses 2020: $6,696,959Net Income 2020: -$537,2742020Revenue 2021: $6,624,468Expenses 2021: $6,286,846Net Income 2021: $337,6222021Revenue 2022: $3,120,685Expenses 2022: $7,747,880Net Income 2022: -$4,627,1952022Revenue 2023: $7,427,752Expenses 2023: $7,135,138Net Income 2023: $292,6142023Revenue 2024: $6,953,013Expenses 2024: $7,118,168Net Income 2024: -$165,1552024

Highlighted filing

2024

Revenue$6,953,013
Expenses$7,118,168
Net Income-$165,155

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$103$97.6$5.14$6.95$7.12$0.17
2023Detailed filing. Detailed filing data is available for this year.$117$112$5.23$7.43$7.14$0.29
2022Detailed filing. Detailed filing data is available for this year.$125$117$7.52$3.12$7.75$4.63
2021Detailed filing. Detailed filing data is available for this year.$138$124$14.2$6.62$6.29$0.34
2020Detailed filing. Detailed filing data is available for this year.$125$110$14.8$6.16$6.70$0.54
2019Detailed filing. Detailed filing data is available for this year.$114$99.3$14.6$5.92$5.68$0.23
2018Detailed filing. Detailed filing data is available for this year.$115$100$14.1$5.91$5.36$0.55
2017Detailed filing. Detailed filing data is available for this year.$117$104$13.8$4.97$4.06$0.92
2016Detailed filing. Detailed filing data is available for this year.$96.2$83.4$12.8$4.37$3.49$0.89
2015Detailed filing. Detailed filing data is available for this year.$101$89.4$11.7$4.36$3.34$1.01
2014Detailed filing. Detailed filing data is available for this year.$79.0$67.9$11.0$3.54$2.71$0.83
2013Detailed filing. Detailed filing data is available for this year.$68.2$57.8$10.3$3.18$2.54$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.0$53.3$9.70$2.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.6$48.7$8.93$2.52
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$7,174,960
Mission and Program Overview

Mission

Cooperative teachers credit union encourages thrift (savings), provides credit possibilities at a fair and reasonable rate and adequate services for the membership in order to enhance social and personal growth through sound money management. The texas credit union department monitors the credit union as well as the national credit union administration. Ctcu offers services in 4 primary areas: share accounts, checking accounts, consumer loans, and real estate loans.

Encourages thrift (savings) and provides credit (loans) to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$82,462,485$74,690,258▼ $7,772,227
Investments in Publicly Traded Securities$14,409,973$13,450,292▼ $959,681
Land, Buildings, and Equipment, Net$6,609,022$6,069,883▼ $539,139
Rtn Earn Endowment Incm Other Fnds$5,226,927$5,135,822▼ $91,105
Savings and Temporary Cash Investments$9,010,920$4,738,787▼ $4,272,133
Investments Program Related$1,000,000$0▼ $1,000,000
Cash and Non-Interest-Bearing Accounts$959,593$819,834▼ $139,759
Prepaid Expenses and Deferred Charges$237,424$21,821▼ $215,603
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$117,406,952$102,688,664▼ $14,718,288
Other Assets Total$2,717,535$2,897,789▲ $180,254
Liabilities
Other Liabilities$110,360,486$95,799,756▼ $14,560,730
Accounts Payable and Accrued Expenses$1,665,138$1,583,952▼ $81,186
Escrow Account Liability$154,401$169,134▲ $14,733
Total Liabilities$112,180,025$97,552,842▼ $14,627,183
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,226,927$5,135,822▼ $91,105
Total Liabilities and Net Assets / Fund Balance$117,406,952$102,688,664▼ $14,718,288

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,791,456$1,619,526$3,410,982
Buildings$1,808,823$726,335$2,535,158
Other Land Buildings$736,065$1,399,972$2,136,037
Land$1,569,438-$1,569,438
Equipment$164,101$700,594$864,695
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Timothy MillerPresident & CEOFT$145,123$145,123
Sarah ParlettVice PresidentFT$96,356$96,356
Mary FulmerVice PresidentFT$87,344$87,344

Board Members and Trustees

NameTitle
Wayne BoshearsChairman
Lynne StainbackVice Chairman
Cynthia JohnsonDirector
Gary HowellDirector
James HaydenDirector
Ora TaylorDirector
Zeb CantleySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservCredit Union ProcessorPO BOX 208457, Dallas, TX 75320$307,602
Corelation INC-2305 HISTORIC DECATUR RD STE 300, San Diego, CA 92106$252,190
Crosspointe Mgmt GroupLease for Branch Location1658 W Grande Blvd Ste 100, Tyler, TX 75703$145,574
Blue Cross Blue Shield Of TexasEmployee Health InsurancePO BOX 650615, Dallas, TX 75265-0615$112,886
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,197,432
Investment Income
$736,320
Other Revenue
$19,261
Change in Net Assets
$-165,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,953,013
Total Revenue per Audited Statements
$6,953,013
Total Revenue per Form 990
$6,953,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,437,636
Salaries, Compensation, and Employee Benefits$1,355,587
Grants and Similar Amounts Paid$160,631
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,164,314
Depreciation Depletion---$778,312
Other Salaries and Wages---$695,933
Current Officers, Directors, Trustees, and Key Employees---$422,182
Office Expenses---$413,494
Fees for Services Other---$380,971
Advertising---$246,898
Interest---$234,688
Occupancy---$202,999
Information Technology---$193,024
Grants to Domestic Orgs---$160,631
Fees for Services Legal---$147,646
Other Employee Benefits---$122,936
Payroll Taxes---$87,168
Insurance---$78,446
Fees for Services Accounting---$61,804
Pension Plan Contributions---$27,368
Travel---$18,193
Other Expenses---$528
Total Functional Expenses$0$0$0$7,118,168

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,118,168
Total Expenses per Audited Statements$7,118,168
Total Expenses per Form 990$7,118,168
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CTCU FoundationTyler, TX501(c)3General Fund-grants,scholarships,et$148,150
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investors Club Deposits$20,545,798
12 Month Certificates$19,178,395
6 Month Certificates$18,231,099
Shares Regular Type$17,871,251
Sharedraft Acct Fda$5,825,905
Fhlb Advances$5,186,000
Free Basic Checking$4,155,980
Ira Starter Share Acct.$1,626,999
12 Month Cd Ira Traditional$1,212,186
Cd Special 11-months Special$441,692
Youth Certificate$403,539
6 Month Ira Traditional$343,607
36 Month Certificates$266,765
Clubs & Organ Shares$131,355
60 Month Certificates$101,753
Kids Club$95,095
Basic Checking/cp Reclassify$55,392
Ira Roth Share Acct.$55,083
18 Month Certificates$30,338
48 Month Certificates$18,044
Sharedraft/real$11,041
24 Month Certificates$5,883
12 Month Cd Ira Roth$4,355
Christmas Club$1,365
Ira Education Coverdell Share Acct$832
Rounding$2
CASHIER'S CHECK$1
Money Orders$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Part VI, Section A, Line 6

Entity is a non-profit state charter credit union. Account holders are members.

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

No review was or will be conducted.

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

An annual conflict of interest statement is required

Form 990, Part VI, Section B, Line 15A

Ctcu uses a third party to analyze compensation for key employees and compare to related positions in the market.

Form 990, Part VI, Section B, Line 15B

Ctcu uses a third party to analyze compensation for key employees and compare to related positions in the market.

Form 990, Part VI, Section C, Line 19

The credit union is in compliance with all applicable rules and regulations regarding providing information to the public. Financial statements are posted in the lobby, in a newsletter, and are available upon request.

FORM 990, PART VI, SECTION A, LINE 8B:

The board of directors are the governing body. There are 7 voting members of the governing body.

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

The form 990 will be reviewed by the board of directors during their regular monthly meeting.

FORM 990, PART VI, SECTION C, LINE 18:

Documents are available to members for review in our offices upon request.

Filing and Contact Details

Filer

Filer Name
Cooperative Teachers Credit Union
EIN
75-0905956
Phone
9035612603
Address
1424 WSW Loop 323, Tyler, TX 75701

Signing Officer

Name
Mary Fulmer
Title
Vice President
Signed
2025-11-14

Organization Details

Principal Officer
Timothy Miller
Formed
1953
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
26
Volunteers
7
Supplemental Narrative

Additional Explanations

FORM 990, ITEM K, OTHER FORM OF ORGANIZATION:

CREDIT UNION

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

Cooperative teachers credit union provides mortgage loans to qualifying members. The mortgage loan program includes efficient underwriting and reselling long term fixed rate mortgages on a secondary market when the market rates deem it profitable.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

Escrow accounts for member home loans. Property taxes and insurance are held in escrow.

Part X : FIN48 Footnote

Part x: Line 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES.THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITIES RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUTATED ITS TAX POSITIONS AND DETEREMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022.THE CREDIT UNION'S 2020 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm0Timothy Miller
IRS990/Form990PartVIISectionAGrp/PersonNm1Sarah Parlett
IRS990/Form990PartVIISectionAGrp/PersonNm2Mary Fulmer
IRS990/Form990PartVIISectionAGrp/PersonNm3Wayne Boshears
IRS990/Form990PartVIISectionAGrp/PersonNm4Lynne Stainback
IRS990/Form990PartVIISectionAGrp/PersonNm5Zeb Cantley
IRS990/Form990PartVIISectionAGrp/PersonNm6James Hayden
IRS990/Form990PartVIISectionAGrp/PersonNm7Gary Howell
IRS990/Form990PartVIISectionAGrp/PersonNm8Cynthia Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm9Ora Taylor
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/MissionDesc0COOPERATIVE TEACHERS CREDIT UNION ENCOURAGES THRIFT (SAVINGS), PROVIDES CREDIT POSSIBLITIES AT A FAIR AND REASONABLE RATE AND ADEQUATE SERVICES FOR THE MEMBERSHIP IN ORDER TO ENHANCE SOCIAL AND PERSONAL GROWTH THROUGH SOUND MONEY MANAGEMENT.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt019261
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IRS990/OtherExpensesGrp/Desc1PROV FOR LOAN LOSSES
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IRS990/PrincipalOfficerNm0Timothy Miller
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IRS990/ProgramServiceRevenueGrp/Desc4TRUSTAGE A&D AND RELATED
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IRS990/ProgSrvcAccomActy2Grp/Desc0COOPERATIVE TEACHERS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE THAT OFFER DIVIDENDS THAT ARE PAID QUARTERLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS BY OFFERING DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND AN INTERNET BILL PAY PLATFORM. COOPERATIVE EXTENDED THESE SERVICES BY UPDATING THE DEBIT, CREDIT, AND ATM PRODUCTS IN 2024 FOR EASIER ACCESS AND USAGE.
IRS990/ProgSrvcAccomActy3Grp/Desc0COOPERATIVE TEACHERS CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITIING AND FLEXIBLE OFFERING FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS. IN ADDITION, COOPERATIVE TEACHERS HAS GROWN THE MORTGAGE PORTFOLIO AS TO OFFER AFFORDABLE HOUSING SOLUTIONS FOR OUR MEMBERS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc012 MONTH CD IRA ROTH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc112 MONTH CD IRA TRADITIONAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc212 MONTH CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc318 MONTH CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc424 MONTH CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc536 MONTH CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc648 MONTH CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc76 MONTH CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc86 MONTH IRA TRADITIONAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc960 MONTH CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc10BASIC CHECKING/CP RECLASSIFY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc11CASHIER'S CHECK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc12CD SPECIAL 11-MONTHS SPECIAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc13CHRISTMAS CLUB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc14CLUBS & ORGAN SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc15FHLB ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc16FREE BASIC CHECKING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc17INVESTORS CLUB DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc18IRA EDUCATION COVERDELL SHARE ACCT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc19IRA ROTH SHARE ACCT.

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