Unity One Credit Union FY2024 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.

$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
$1.0M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$280.4M
97% of total assets
Concern: liabilities are 97% 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
$16.5M
-1% vs prior year
Spent
$16.7M
Net assets
$9.6M
By yearFY2020–FY2025
Revenue
$16.5M
FY2024▼ -1%
Revenue by fiscal year
FY2020$12.4M
FY2021$12.2M
FY2022$13.0M
FY2023$16.8M
FY2024$16.5M
FY2025$16.4M
Expenses
$16.7M
FY2024▲ +18%
Expenses by fiscal year
FY2020$12.4M
FY2021$10.4M
FY2022$11.0M
FY2023$14.2M
FY2024$16.7M
FY2025$16.9M
Net assets
$9.6M
FY2024▼ -2%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

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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

14 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President / CEO
$387,145Pt VII · Sec A
VP Lending
$156,577Pt VII · Sec A
VP Technology
$148,857Pt VII · Sec A
$117,873Pt VII · Sec A
Vice President of Risk
$108,604Pt VII · Sec A
Vice President of Human Resources
$103,656Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman of the Board
$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.

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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 program services, described in the organization's own filed words · FY2024.
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

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$16.5M
Ln 12
Fees for servicesLn 2g$14.0M
Investment incomeLn 3$2.5M
Other incomeLn 4–11$86K
Money outPt IX
$16.7M
Ln 25
Owns and owesPt X
$9.6M
net assets · Ln 32
Cash and savingsLn 1–2$532K
Total assetsLn 16$290.0M
LiabilitiesLn 26$280.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A6
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$14.0M
Investment incomeLn 3$2.5M
Other incomeLn 4–11$86K
Total revenueLn 12$16.5M
Assets in detailPt X, end of year
CashLn 1$532K
Cash and savings togetherLn 1–2$532K
InvestmentsLn 11–13$92.0M
Land, buildings, equipmentLn 10c$5.6M
Other assetsLn 15$9.6M
Total assetsLn 16$290.0M
LiabilitiesLn 26$280.4M
Net assetsLn 32$9.6M
OperationsPt I, VI
EmployeesI 5106
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$532K
InvestmentsLn 11–13$76.5M$92.0M
Land, buildings, equipmentLn 10c$5.7M$5.6M
Total assetsLn 16$285.9M$290.0M
LiabilitiesLn 26$276.0M$280.4M
Net assetsLn 32$9.8M$9.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$612K
Other salaries and wagesLn 7$3.7M
Pension plan contributionsLn 8$166K
Other employee benefitsLn 9$827K
Payroll taxesLn 10$306K
Management feesLn 11a$198K
Legal feesLn 11b$37K
Accounting feesLn 11c$26K
Other fees for servicesLn 11g$2.4M
Advertising and promotionLn 12$420K
Office expensesLn 13$822K
OccupancyLn 16$512K
TravelLn 17$98K
Depreciation, depletion and amortizationLn 22$291K
InsuranceLn 23$111K
Other expenses (24a–d)Ln 24$6.1M
All other expensesLn 24e$48K
Total functional expensesLn 25$16.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.4M$16.9M−$544K$12.9M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $16,533,928 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,996,429$13,996,429
VIII-3 Investment incomeExcluded from tax $2,451,570$2,451,570
VIII-5 RoyaltiesExcluded from tax $74,028$74,028
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $11,901$11,901
VIII-12 Total revenueRelated to mission $13,996,429 · Unrelated business $11,901 · Excluded from tax $2,525,598$16,533,928
Part IX · Statement of functional expenses $16,678,773 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$612,088
IX-7 Other salaries and wages$3,718,547
IX-8 Pension plan contributions$165,891
IX-9 Other employee benefits$826,878
IX-10 Payroll taxes$306,499
IX-11a Management fees$198,000
IX-11b Legal fees$37,000
IX-11c Accounting fees$25,760
IX-11g Other fees for services$2,392,669
IX-12 Advertising and promotion$420,003
IX-13 Office expenses$822,104
IX-16 Occupancy$512,036
IX-17 Travel$98,170
IX-22 Depreciation, depletion and amortization$290,626
IX-23 Insurance$110,946
IX-24 Other expenses (24a–d)$6,093,554
IX-24e All other expenses$48,002
IX-25 Total functional expenses$16,678,773
Part X · Balance sheet $290,035,161 assets, 11 lines filed
Asset lines not itemized here account for $182,225,533; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,107,180$531,910
X-10c Land, buildings and equipment, netStart of year $5,673,460$5,612,523
X-11 Publicly traded securitiesStart of year $61,368,258$55,860,496
X-12 Other securitiesStart of year $15,091,843$36,189,353
X-15 Other assetsStart of year $7,505,195$9,615,346
X-16 Total assetsStart of year $285,879,166$290,035,161
X-17 Accounts payable and accrued expensesStart of year $798,152$659,767
X-25 Other liabilitiesStart of year $275,232,568$279,751,823
X-26 Total liabilitiesStart of year $276,030,720$280,411,590
X-32 Total net assets or fund balancesStart of year $9,848,446$9,623,571
X-33 Total liabilities and net assetsStart of year $285,879,166$290,035,161
Part XI · Reconciliation of net assets $9,623,571 net assets at year end
XI-1 Total revenue$16,533,928
XI-2 Total expenses$16,678,773
XI-3 Revenue less expenses−$144,845
XI-4 Net assets at start of year$9,848,446
XI-5 Net unrealized gains (losses) on investments−$80,030
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,623,571

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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