Civic Intelligence

Highway Employees Credit Union

EIN 75-1023729 • 501(c)14 • Tyler, TX

Profile

A cooperative thrift organization known as a credit union to build member's worth through systemic savings and providing loans for provident and productive purposes.

PO Box 4571Tyler, TX 75712
Siviq Scores

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

Liabilities / Assets

25th percentile

0.72x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

11.22x

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

501(c)14 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

19%

Higher net margin than 85% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

34th percentile

-11%

Faster asset growth than 34% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

82nd percentile

17%

Faster revenue growth than 82% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,880,182

Up $179,138 (+11%) from 2023

Liabilities

Up

$1,379,491

Up $161,306 (+13%) from 2023

Net Assets

Up

$500,691

Up $17,832 (+3.7%) from 2023

Revenue

Up

$115,485

Up $6,870 (+6.3%) from 2023

Expenses

Up

$97,653

Up $9,678 (+11%) from 2023

Net Income

Down

$17,832

Down $2,808 (-14%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $1,653,676Liabilities 2011: $1,280,875Net Assets 2011: $372,8012011Assets 2012: $1,519,618Liabilities 2012: $1,146,364Net Assets 2012: $373,2532012Assets 2013: $1,744,111Liabilities 2013: $1,122,277Net Assets 2013: $13,621,8342013Assets 2014: $1,606,473Liabilities 2014: $1,215,038Net Assets 2014: $391,4352014Assets 2015: $1,576,323Liabilities 2015: $1,172,061Net Assets 2015: $404,2622015Assets 2016: $1,538,113Liabilities 2016: $1,122,399Net Assets 2016: $415,7142016Assets 2017: $1,550,215Liabilities 2017: $1,129,483Net Assets 2017: $420,7322017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $1,633,630Liabilities 2019: $1,197,468Net Assets 2019: $436,1622019Assets 2020: $1,709,677Liabilities 2020: $1,272,391Net Assets 2020: $437,2862020Assets 2021: $1,853,966Liabilities 2021: $1,402,093Net Assets 2021: $451,8732021Assets 2022: $1,909,568Liabilities 2022: $1,447,349Net Assets 2022: $462,2192022Assets 2023: $1,701,044Liabilities 2023: $1,218,185Net Assets 2023: $482,8592023Assets 2024: $1,880,182Liabilities 2024: $1,379,491Net Assets 2024: $500,6912024

Highlighted filing

2024

Assets$1,880,182
Liabilities$1,379,491
Net Assets$500,691

Operations Trend

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

$150K$100K$50K$0-$50K-$100KRevenue 2011: $80,960Expenses 2011: $85,554Net Income 2011: -$4,5942011Revenue 2012: $78,549Expenses 2012: $78,096Net Income 2012: $4532012Revenue 2013: $72,807Expenses 2013: $67,225Net Income 2013: $5,5822013Revenue 2014: $82,434Expenses 2014: $139,312Net Income 2014: -$56,8782014Revenue 2015: $85,572Expenses 2015: $72,746Net Income 2015: $12,8262015Revenue 2016: $88,183Expenses 2016: $76,862Net Income 2016: $11,3212016Revenue 2017: $89,083Expenses 2017: $84,065Net Income 2017: $5,0182017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $90,590Expenses 2019: $85,389Net Income 2019: $5,2012019Revenue 2020: $89,653Expenses 2020: $88,529Net Income 2020: $1,1242020Revenue 2021: $93,638Expenses 2021: $79,051Net Income 2021: $14,5872021Revenue 2022: $92,552Expenses 2022: $82,206Net Income 2022: $10,3462022Revenue 2023: $108,615Expenses 2023: $87,975Net Income 2023: $20,6402023Revenue 2024: $115,485Expenses 2024: $97,653Net Income 2024: $17,8322024

Highlighted filing

2024

Revenue$115,485
Expenses$97,653
Net Income$17,832

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.88$1.38$0.50$0.12$0.10$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.70$1.22$0.48$0.11$0.09$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.91$1.45$0.46$0.09$0.08$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.85$1.40$0.45$0.09$0.08$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.71$1.27$0.44$0.09$0.09$0.00
2019Summary only. Only limited summary data is available for this year.$1.63$1.20$0.44$0.09$0.09$0.01
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$1.55$1.13$0.42$0.09$0.08$0.01
2016Summary only. Only limited summary data is available for this year.$1.54$1.12$0.42$0.09$0.08$0.01
2015Summary only. Only limited summary data is available for this year.$1.58$1.17$0.40$0.09$0.07$0.01
2014Summary only. Only limited summary data is available for this year.$1.61$1.22$0.39$0.08$0.14$0.06
2013Summary only. Only limited summary data is available for this year.$1.74$1.12$13.6$0.07$0.07$0.01
2012Summary only. Only limited summary data is available for this year.$1.52$1.15$0.37$0.08$0.08$0.00
2011Summary only. Only limited summary data is available for this year.$1.65$1.28$0.37$0.08$0.09$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.0
Gross Receipts
$115,485
Mission and Program Overview

Mission

A cooperative thrift organization known as a credit union to build member's worth through systemic savings and providing loans for provident and productive purposes.

The Highway Employees Credit Union provides competitive rates on loans and savings accounts to employees and their families of the Texas Department of Transportation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,281,846$1,186,458▼ $95,388
Rtn Earn Endowment Incm Other Fnds$482,859$500,691▲ $17,832
Savings and Temporary Cash Investments$127,997$195,711▲ $67,714
Cash and Non-Interest-Bearing Accounts$16,275$29,370▲ $13,095
Prepaid Expenses and Deferred Charges$3,039$8,882▲ $5,843
Land, Buildings, and Equipment, Net$60$60→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,701,044$1,880,182▲ $179,138
Other Assets Total$271,827$459,701▲ $187,874
Liabilities
Other Liabilities$1,215,080$1,376,046▲ $160,966
Accounts Payable and Accrued Expenses$3,105$3,445▲ $340
Total Liabilities$1,218,185$1,379,491▲ $161,306
Net Assets / Fund Balance
Total Net Assets Fund Balance$482,859$500,691▲ $17,832
Total Liabilities and Net Assets / Fund Balance$1,701,044$1,880,182▲ $179,138

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60$8,370$8,430
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Other Assets Org$583--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melissa FrickPresident/ManagerPT$27,800$27,800

Board Members and Trustees

NameTitle
John GoodwinChairman
Conley OwensVice Chairman
Clint CostnerDirector
Linda AkinSecretary
Larry WestTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$100,384
Investment Income
$13,922
Other Revenue
$1,179
Change in Net Assets
$17,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$59,595
Other Expenses$38,058
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,800--$27,800
Other Salaries and Wages$27,440--$27,440
Interest$8,758--$8,758
Other Expenses$5,939$0$0$5,939
Occupancy$5,482--$5,482
Payroll Taxes$4,355--$4,355
Office Expenses$4,014--$4,014
Insurance$3,793--$3,793
Fees for Services Accounting$3,275--$3,275
Information Technology$1,354--$1,354
Conferences and Meetings$1,306--$1,306
All Other Expenses$370$0$0$370
Advertising$11--$11
Total Functional Expenses$97,653$0$0$97,653
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
Members Shares$1,340,046
Members Deposits$36,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Yes, each member in the governing body was provided with a copy of the form 990 for their review on April 22, 2025. It was approved by the board before submitting.

Form 990, Part VI, Section B, Line 15

The credit union's employee's salaries are reviewed by the independent members of the governing body. The governing body uses the Texas Credit Union League compensation survey as a guideline for determining fair compensation.

Form 990, Part VI, Section C, Line 19

the credit union makes it governing documents and financial statements available to members upon request and at the annual meeting in January. Please also note, a copy of the monthly financial statement is posted in the credit union by the 15th of each month for the prior months end.

Filing and Contact Details

Filer

Filer Name
Highway Employees Credit Union
EIN
75-1023729
Phone
9035938987
Address
PO Box 4571, Tyler, TX 75712

Signing Officer

Name
Melissa Frick
Title
President
Phone
9035938987
Signed
2025-05-01

Organization Details

Formed
1959
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
0
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14215
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0CONSUMER LOANS: Since the beginning of the credit union in 1959, we have provided personal and collateral loans. The consumer loans product line includes new and used vehicles, boats, motorcycles, ATVs and travel trailer loans. The members also have the option of purchasing GAP coverage on the vehicle loans.
IRS990/ProgSrvcAccomActy3Grp/Desc0The credit union has some expenses that include: two full time employees along with their salaries, taxes paid, insurance and other expenses to operate the credit union.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt097653
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09795
IRS990/PYOtherExpensesAmt030644
IRS990/PYOtherRevenueAmt0844
IRS990/PYProgramServiceRevenueAmt097976
IRS990/PYRevenuesLessExpensesAmt020640
IRS990/PYSalariesCompEmpBnftPaidAmt057331
IRS990/PYTotalExpensesAmt087975
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0108615
IRS990/ReconcilationRevenueExpnssAmt017832
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0482859
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0500691
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0127997
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0195711
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt060
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08370
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08430
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012150
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16628
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2340
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3440000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4583
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NCUSIF SHARES INS. CAPITAL DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST ON LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RENT DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CERTIFICATE OF DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4CATALYST CORP.
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01340046
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBERS DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0459701
IRS990ScheduleD/TotalLiabilityAmt01376046
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Yes, each member in the governing body was provided with a copy of the form 990 for their review on April 22, 2025. It was approved by the board before submitting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The credit union's employee's salaries are reviewed by the independent members of the governing body. The governing body uses the Texas Credit Union League compensation survey as a guideline for determining fair compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2the credit union makes it governing documents and financial statements available to members upon request and at the annual meeting in January. Please also note, a copy of the monthly financial statement is posted in the credit union by the 15th of each month for the prior months end.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01701044
IRS990/TotalAssetsEOYAmt01880182
IRS990/TotalAssetsGrp/BOYAmt01701044
IRS990/TotalAssetsGrp/EOYAmt01880182
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt097653
IRS990/TotalFunctionalExpensesGrp/TotalAmt097653
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01218185
IRS990/TotalLiabilitiesEOYAmt01379491
IRS990/TotalLiabilitiesGrp/BOYAmt01218185
IRS990/TotalLiabilitiesGrp/EOYAmt01379491
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0482859
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0500691
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt097653
IRS990/TotalProgramServiceRevenueAmt0100384
IRS990/TotalReportableCompFromOrgAmt027800
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0115485
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01701044
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01880182
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 4571
IRS990/USAddress/CityNm0Tyler
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075712
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Melissa Frick
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09035938987
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGHWAY EMPLOYEES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0751023729
ReturnHeader/Filer/PhoneNum09035938987
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 4571
ReturnHeader/Filer/USAddress/CityNm0Tyler
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075712
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-01T12:54:04-07:00

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