Civic Intelligence

My Community Credit Union

EIN 75-0969777 • 501(c)14 • Midland, TX

Profile

To provide all types of financial services to our membership

600 West LouisianaMidland, TX 79701

n/A

Siviq Scores

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

Liabilities / Assets

48th percentile

0.90x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

11.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

29th percentile

5.4%

Higher net margin than 29% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

98th percentile

$1,134,730

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Asset Growth

36th percentile

1.3%

Faster asset growth than 36% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

16%

Faster revenue growth than 64% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$500,003,221

Up $6,291,637 (+1.3%) from 2023

Liabilities

Up

$449,145,511

Up $3,983,888 (+0.9%) from 2023

Net Assets

Up

$50,857,710

Up $2,307,749 (+4.8%) from 2023

Revenue

Up

$40,843,358

Up $5,744,642 (+16%) from 2023

Expenses

Up

$38,629,457

Up $6,794,903 (+21%) from 2023

Net Income

Down

$2,213,901

Down $1,050,261 (-32%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2018: $382,844,968Liabilities 2018: $343,289,541Net Assets 2018: $39,555,4272018Assets 2019: $429,108,307Liabilities 2019: $387,954,296Net Assets 2019: $41,154,0112019Assets 2020: $439,079,729Liabilities 2020: $397,816,812Net Assets 2020: $41,262,9172020Assets 2021: $459,209,364Liabilities 2021: $415,117,287Net Assets 2021: $44,092,0772021Assets 2022: $470,769,056Liabilities 2022: $422,543,522Net Assets 2022: $48,225,5342022Assets 2023: $493,711,584Liabilities 2023: $445,161,623Net Assets 2023: $48,549,9612023Assets 2024: $500,003,221Liabilities 2024: $449,145,511Net Assets 2024: $50,857,7102024

Highlighted filing

2024

Assets$500,003,221
Liabilities$449,145,511
Net Assets$50,857,710

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2018: $24,575,861Expenses 2018: $21,489,612Net Income 2018: $3,086,2492018Revenue 2019: $29,836,043Expenses 2019: $28,822,910Net Income 2019: $1,013,1332019Revenue 2020: $29,183,392Expenses 2020: $29,288,762Net Income 2020: -$105,3702020Revenue 2021: $29,746,694Expenses 2021: $26,646,274Net Income 2021: $3,100,4202021Revenue 2022: $32,179,129Expenses 2022: $26,297,750Net Income 2022: $5,881,3792022Revenue 2023: $35,098,716Expenses 2023: $31,834,554Net Income 2023: $3,264,1622023Revenue 2024: $40,843,358Expenses 2024: $38,629,457Net Income 2024: $2,213,9012024

Highlighted filing

2024

Revenue$40,843,358
Expenses$38,629,457
Net Income$2,213,901

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$40,843,358
Mission and Program Overview

Mission

To provide all types of financial services to our membership

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$397,057,993$407,782,187▲ $10,724,194
Rtn Earn Endowment Incm Other Fnds$48,549,961$50,857,710▲ $2,307,749
Savings and Temporary Cash Investments$30,485,961$27,164,532▼ $3,321,429
Land, Buildings, and Equipment, Net$15,071,410$15,044,022▼ $27,388
Investments Program Related$15,558,802$11,853,335▼ $3,705,467
Investments in Publicly Traded Securities$8,625,972$9,271,078▲ $645,106
Cash and Non-Interest-Bearing Accounts$7,010,961$7,747,538▲ $736,577
Accounts Receivable$1,800,974$2,598,644▲ $797,670
Prepaid Expenses and Deferred Charges$370,488$2,152,185▲ $1,781,697
Investments Other Securities$1,979,434$1,985,142▲ $5,708
Receivables From Officers Etc$1,190,903$788,367▼ $402,536
Total Assets$493,711,584$500,003,221▲ $6,291,637
Other Assets Total$14,558,686$13,616,191▼ $942,495
Liabilities
Other Liabilities$438,626,734$443,185,738▲ $4,559,004
Accounts Payable and Accrued Expenses$6,534,889$5,959,773▼ $575,116
Total Liabilities$445,161,623$449,145,511▲ $3,983,888
Net Assets / Fund Balance
Total Net Assets Fund Balance$48,549,961$50,857,710▲ $2,307,749
Total Liabilities and Net Assets / Fund Balance$493,711,584$500,003,221▲ $6,291,637

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,858,036$3,019,449-
Other Land Buildings$1,077,805--
Land$3,553,230--
Equipment$1,268,594$3,843,002-
Leasehold Improvements$1,286,357$854,511-
Other Securities$1,985,142--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donna NealCEOFT$720,671$414,059$1,134,730
Donna Neal--$500,027$634,703$1,134,730
Marcus DavisCFOFT$259,654$56,117$315,771
Marcus Davis--$216,813$98,958$315,771
Lezlie NormanCOOFT$248,055$35,983$284,038
Lezlie Norman--$225,354$58,684$284,038
Genene DeleonSVP OperationsFT$230,759$26,124$256,883
Genene Deleon--$209,259$47,624$256,883
Roger MellorSVP ItFT$209,011$20,527$229,538
Roger Mellor--$189,595$39,942$229,537
Denise HernandezVP Human ResourcesFT$133,317-$133,317
Angela CaswellVP OperationsFT$126,550-$126,550
Randy QuirozIT DirectorFT$116,203-$116,203
Jaclynn TorresAVP MarketingFT$114,417-$114,417
Morgan FewVP Accounting & RiskFT$113,953-$113,953

Board Members and Trustees

NameTitle
Teresa DeShawBoard Chair
Charlie HarrisBoard Vice Chair
Guadalupe RamirezBoard Member
Jonathon BoydBoard Member
Juan LunaBoard Member
Steve ShockleyBoard Member
Tom FinnieBoard Member
Mitzi BakerBoard Secretary
Charlotte DunlapBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,260,698
Investment Income
$2,492,679
Other Revenue
$11,089,981
Change in Net Assets
$2,213,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,283,113
Salaries, Compensation, and Employee Benefits$10,346,344
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$6,734,092$0$0$6,734,092
Other Expenses$6,340,605$0$0$6,340,605
Other Salaries and Wages$6,124,145$0$0$6,124,145
Current Officers, Directors, Trustees, and Key Employees$2,272,590$0$0$2,272,590
Information Technology$1,786,816$0$0$1,786,816
Other Employee Benefits$1,156,864$0$0$1,156,864
Occupancy$968,411$0$0$968,411
Depreciation Depletion$714,506$0$0$714,506
Payroll Taxes$555,187$0$0$555,187
Fees for Services Other$546,805$0$0$546,805
Advertising$245,507$0$0$245,507
Pension Plan Contributions$237,558$0$0$237,558
Insurance$181,360$0$0$181,360
Fees for Services Accounting$131,525$0$0$131,525
Conferences and Meetings$123,461$0$0$123,461
Fees for Services Legal$69,242$0$0$69,242
All Other Expenses$36,404$0$0$36,404
Interest$700$0$0$700
Total Functional Expenses$38,629,457$0$0$38,629,457
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$1,190,903$788,367▼ $402,536
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$443,185,738
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
My Community Credit Union
EIN
75-0969777
Phone
4326888400
Address
600 WEST LOUISIANA, MIDLAND, TX 79701

Signing Officer

Name
Marcus Davis
Title
CFO
Phone
4326888400
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Williams
Formed
1952
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
148
Volunteers
12

Preparer

Firm
Greg R Schmidt CPA
Address
26 Cypress Pt, Amarillo, TX 79124
Preparer
Greg R Schmidt
Phone
8552759297
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The credit union is wholly owned by its members

Pt VI, Line 7A

Board positions are voted on by the membership as terms expire

Pt VI, Line 11B

This form was made available for the Board to review

Pt VI, Line 12C

Board members commit to no involvement that would create a conflict of interest

Pt VI, Line 15A

The Board reviews comparative data when determining compensaion of the CEO and other key employees

Pt VI, Line 15B

The Board reviews comparative data when determining compensaion of the CEO and other key employees

Pt XI

Cecl adjustment posted to undivided earnings

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IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt14VP Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt16IT Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt18VP Accounting & Risk
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IRS990/ProgSrvcAccomActy3Grp/Desc0My Community offers federally insured certificates of deposit, as well as IRA products, at competitive rates.
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