Unity One Credit Union FY2021 filing

Not tax-deductible

Fort Worth, TXMutual-benefit / member-servingSince 1927EIN 41-0447515

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Provides a variety of financial services to its members. Its primary deposit products are share accounts, certificates of deposit and share draft accounts, while its primary loan products are single family residence and consumer loans.

$919K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $975K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$919K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$287.3M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.2M
-2% vs prior year
Spent
$10.4M
Net assets
$19.8M
By yearFY2020–FY2025
Revenue
$12.2M
FY2021▼ -2%
Revenue by fiscal year
FY2020$12.4M
FY2021$12.2M
FY2022$13.0M
FY2023$16.8M
FY2024$16.5M
FY2025$16.4M
Expenses
$10.4M
FY2021▼ -16%
Expenses by fiscal year
FY2020$12.4M
FY2021$10.4M
FY2022$11.0M
FY2023$14.2M
FY2024$16.7M
FY2025$16.9M
Net assets
$19.8M
FY2021▲ +0.5%
Net assets by fiscal year
FY2020$19.7M
FY2021$19.8M
FY2022$9.3M
FY2023$9.8M
FY2024$9.6M
FY2025$12.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990; $919K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$328,344Pt VII · Sec A
EVP/COO
$227,468Pt VII · Sec A
VP Lending
$125,900Pt VII · Sec A
VP Finance
$124,888Pt VII · Sec A
VP Technology
$111,902Pt VII · Sec A
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gary Williams———$416,144$328,344$326,386
Scott Ward$400,308$387,145$336,704$280,517$227,468$208,035
Beth Peters$164,035$156,577$147,216$134,180$125,900$124,008
Nathan Webb$159,115$148,857$141,763$126,061$111,902$106,217
Eric Hohler——$132,809$132,415$124,888$123,181
Jackie Wisneski$128,056$117,873$112,893$100,455——
Herb Garcia$115,246$108,604$101,295———
Patty Revis$109,243$103,656————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Unity One Credit Union executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers members various financial services.

Provided by the organization

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3 programs · in their own filed words · FY2021
01

Checking Accounts

Providing checking accounts with varying features. Offering benefits such as atm access, debit cards as well as on-line benefits such as bill paying.

Pt IX · col B
02

Loans

Providing consumer loans of all types, including vehicle loans, unsecured loans, and credit cards. Also offering residential mortgages and small business loans.

Pt IX · col B
03

Share Savings Accounts

Providing share savings accounts to members, offering special share savings accounts to minors.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$12.2M
Ln 12
Fees for servicesLn 2g$11.3M
Investment incomeLn 3$865K
Other incomeLn 4–11$50K
Money outPt IX
$10.4M
Ln 25
Owns and owesPt X
$19.8M
net assets · Ln 32
Cash and savingsLn 1–2$648K
Total assetsLn 16$307.1M
LiabilitiesLn 26$287.3M
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11.3M
Investment incomeLn 3$865K
Other incomeLn 4–11$50K
Gains on assetsLn 7$102K
Total revenueLn 12$12.2M
Assets in detailPt X, end of year
CashLn 1$648K
Cash and savings togetherLn 1–2$648K
InvestmentsLn 11–13$144.1M
Land, buildings, equipmentLn 10c$6.0M
Other assetsLn 15$6.2M
Total assetsLn 16$307.1M
LiabilitiesLn 26$287.3M
Net assetsLn 32$19.8M
OperationsPt I, VI
EmployeesI 5106
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.3M$648K
InvestmentsLn 11–13$105.9M$144.1M
Land, buildings, equipmentLn 10c$6.3M$6.0M
Total assetsLn 16$281.3M$307.1M
LiabilitiesLn 26$261.6M$287.3M
Net assetsLn 32$19.7M$19.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$945K
Pay of disqualified personsLn 6$3.1M
Pension plan contributionsLn 8$124K
Other employee benefitsLn 9$633K
Payroll taxesLn 10$260K
Management feesLn 11a$20K
Legal feesLn 11b$5K
Accounting feesLn 11c$24K
Other fees for servicesLn 11g$1.5M
Office expensesLn 13$906K
OccupancyLn 16$502K
TravelLn 17$6K
Depreciation, depletion and amortizationLn 22$372K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$1.8M
All other expensesLn 24e$157K
Total functional expensesLn 25$10.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.4M$16.9M−$544K$12.9M 990 PDF
FY2024 $16.5M$16.7M−$145K$9.6M 990 PDF
FY2023 $16.8M$14.2M$2.6M$9.8M 990 PDF
FY2022 $13.0M$11.0M$2.1M$9.3M 990 PDF
FY2021 Viewing $12.2M$10.4M$1.8M$19.8M 990 PDF
FY2020 $12.4M$12.4M$68K$19.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $12,194,283 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,279,167$11,279,167
VIII-3 Investment incomeExcluded from tax $762,668$762,668
VIII-5 RoyaltiesExcluded from tax $35,588$35,588
VIII-7 Net gain or loss on sales of assetsExcluded from tax $102,333$102,333
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $14,527$14,527
VIII-12 Total revenueRelated to mission $11,279,167 · Unrelated business $14,527 · Excluded from tax $900,589$12,194,283
Part IX · Statement of functional expenses $10,387,181 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$945,248
IX-6 Pay of disqualified persons$3,125,785
IX-8 Pension plan contributions$124,492
IX-9 Other employee benefits$632,593
IX-10 Payroll taxes$260,014
IX-11a Management fees$20,104
IX-11b Legal fees$5,420
IX-11c Accounting fees$24,000
IX-11g Other fees for services$1,546,040
IX-13 Office expenses$906,499
IX-16 Occupancy$501,781
IX-17 Travel$5,959
IX-22 Depreciation, depletion and amortization$371,586
IX-23 Insurance$2,433
IX-24 Other expenses (24a–d)$1,757,940
IX-24e All other expenses$157,287
IX-25 Total functional expenses$10,387,181
Part X · Balance sheet $307,107,463 assets, 11 lines filed
Asset lines not itemized here account for $150,200,422; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,261,551$647,612
X-10c Land, buildings and equipment, netStart of year $6,272,352$5,959,171
X-11 Publicly traded securitiesStart of year $37,251,524$91,026,580
X-12 Other securitiesStart of year $68,665,000$53,044,936
X-15 Other assetsStart of year $7,202,386$6,228,742
X-16 Total assetsStart of year $281,299,640$307,107,463
X-17 Accounts payable and accrued expensesStart of year $171,093$312,659
X-25 Other liabilitiesStart of year $261,432,061$286,993,086
X-26 Total liabilitiesStart of year $261,603,154$287,305,745
X-32 Total net assets or fund balancesStart of year $19,696,486$19,801,718
X-33 Total liabilities and net assetsStart of year $281,299,640$307,107,463
Part XI · Reconciliation of net assets $19,801,718 net assets at year end
XI-1 Total revenue$12,194,283
XI-2 Total expenses$10,387,181
XI-3 Revenue less expenses$1,807,102
XI-4 Net assets at start of year$19,696,486
XI-5 Net unrealized gains (losses) on investments−$1,701,870
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,801,718

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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