Priority Trust Credit Union

Not tax-deductible

Houston, TXMutual-benefit / member-servingSince 1929EIN 74-0695230

To provide banking and loan services to members in order to invest in people and improve lives.

67¢ of each $1 spent went to programs.
$449K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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 5
filings with a surplus
Average deficit $157K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$449K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.4M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 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
+3% vs prior year
Spent
$19.7M
To programs
67%
Net assets
$184.2M
By yearFY2021–FY2025
Revenue
$16.5M
FY2025▲ +3%
Revenue by fiscal year
FY2021$9.4M
FY2022$15.2M
FY2023$13.8M
FY2024$16.1M
FY2025$16.5M
Expenses
$19.7M
FY2025▲ +30%
Expenses by fiscal year
FY2021$8.8M
FY2022$14.7M
FY2023$13.4M
FY2024$15.2M
FY2025$19.7M
Net assets
$184.2M
FY2025▼ -2%
Net assets by fiscal year
FY2021$17.6M
FY2022$188.7M
FY2023$183.9M
FY2024$188.5M
FY2025$184.2M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $13.2M Management & general 33% · $6.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990; $449K paid to officers and key staff.

Part VII, Section A · reportable compensation
$230,842Pt VII · Sec A
$141,580Pt VII · Sec A
Vice-Chair
$6,000Pt VII · Sec A
$6,000Pt VII · Sec A
Parlimentarian
$6,000Pt VII · Sec A
$6,000Pt VII · Sec A
Director
$6,000Pt VII · Sec A
$6,000Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Malcolm Rene$230,842$220,000$210,086$211,615$90,000
Vladmir Stark————$155,935
Daniel Caldwell$141,580$140,605$130,729$124,024$116,829
Teri Edenfield————$101,645
Wendell Greanleaf$6,000$6,000$6,000$6,000$6,000
Ed Martindale$6,000$6,000$6,000$6,000$6,000
Roderick Newman$6,000$5,000$6,000$6,000$3,000
Margaret Glass$5,500$6,000$6,000$6,000$6,000

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 Priority Trust Credit Union executive salaries →

Are you one of these people? Claim this org to confirm your role

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
  • Loans to or from officersSch L · Pt II18 listed

Programs and updates

Offers banking and loans to invest in people and improve lives.

Provided by the organization

This section is blank until Priority Trust Credit Union claims this page.

Know this organization? Claim it to add your story

3 program services account for $6.9M of program spending, described in the organization's own filed words · FY2025.
01

Consumer Loans

Consumer loans are offered to members for autos, recreational vehicles, home equity, credit card, and personal loans. Consumer life and disability insurance are available on any of these products.

$5.2Mprogram expense
02

Share Accounts

Share accounts are offered to members and pay monthly dividends. Access if offered through branch locations, internet, ATMs, and telephone. Special accounts designed for children and adolescents encourage development of consistent savings habit.

$1.4Mprogram expense
03

Checking Accounts

Checking accounts are offered to members and generally pay monthly dividends. Access if offered through branch locations, internet, ATMs, and telephone. Free debit cards are offered and on-line and mobile banking features are provided.

$270Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$16.5M
Ln 12
Fees for servicesLn 2g$14.2M
Investment incomeLn 3$1.5M
Gifts and grantsLn 1h$917K
Money outPt IX
$19.7M
Ln 25
Programscol B$13.2M
Managementcol C$6.5M
Owns and owesPt X
$184.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$189.6M
LiabilitiesLn 26$5.4M
PeoplePt VI, VII
15
listed · VII A
PaidVII A15
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$917K
Fees for servicesLn 2g$14.2M
Investment incomeLn 3$1.5M
Total revenueLn 12$16.5M
Assets in detailPt X, end of year
CashLn 1$3.5M
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$17.1M
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$6.5M
Total assetsLn 16$189.6M
LiabilitiesLn 26$5.4M
Net assetsLn 32$184.2M
OperationsPt I, VI
EmployeesI 595
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$3.5M$3.5M
InvestmentsLn 11–13$20.8M$17.1M
Land, buildings, equipmentLn 10c$7.2M$6.9M
Total assetsLn 16$194.1M$189.6M
LiabilitiesLn 26$5.6M$5.4M
Net assetsLn 32$188.5M$184.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$78K$0$78K$0
Other salaries and wagesLn 7$4.2M$0$4.2M$0
Pension plan contributionsLn 8$345K$0$345K$0
Other employee benefitsLn 9$624K$0$624K$0
Payroll taxesLn 10$403K$0$403K$0
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$66K$0$66K$0
Advertising and promotionLn 12$323K$323K$0$0
Office expensesLn 13$1.5M$1.5M$0$0
Information technologyLn 14$211K$211K$0$0
OccupancyLn 16$1.1M$1.1M$0$0
TravelLn 17$123K$0$123K$0
Conferences, conventions and meetingsLn 19$82K$50K$32K$0
InterestLn 20$1.3M$1.3M$0$0
Depreciation, depletion and amortizationLn 22$385K$0$385K$0
InsuranceLn 23$164K$0$164K$0
Other expenses (24a–d)Ln 24$7.6M$7.6M$0$0
All other expensesLn 24e$1.3M$1.3M$54K$0
Total functional expensesLn 25$19.7M$13.2M$6.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $16.5M$19.7M−$3.1M$184.2M 990 PDF
FY2024 $16.1M$15.2M$940K$188.5M 990 PDF
FY2023 $13.8M$13.4M$396K$183.9M 990 PDF
FY2022 $15.2M$14.7M$476K$188.7M 990 PDF
FY2021 $9.4M$8.8M$547K$17.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $16,547,728 across 5 lines filed
VIII-1f All other contributions, gifts and grants$916,675
VIII-1h Total contributions, gifts and grants$916,675
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$14,163,444
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,467,609
VIII-12 Total revenueRelated to mission $15,631,053 · Unrelated business $0 · Excluded from tax $0$16,547,728
Part IX · Statement of functional expenses $19,691,132 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $78,000 · Fundraising $0$78,000
IX-7 Other salaries and wagesPrograms $0 · Management $4,199,000 · Fundraising $0$4,199,000
IX-8 Pension plan contributionsPrograms $0 · Management $344,824 · Fundraising $0$344,824
IX-9 Other employee benefitsPrograms $0 · Management $624,074 · Fundraising $0$624,074
IX-10 Payroll taxesPrograms $0 · Management $403,000 · Fundraising $0$403,000
IX-11b Legal feesPrograms $0 · Management $1,776 · Fundraising $0$1,776
IX-11c Accounting feesPrograms $0 · Management $66,000 · Fundraising $0$66,000
IX-12 Advertising and promotionPrograms $322,856 · Management $0 · Fundraising $0$322,856
IX-13 Office expensesPrograms $1,469,528 · Management $0 · Fundraising $0$1,469,528
IX-14 Information technologyPrograms $211,112 · Management $0 · Fundraising $0$211,112
IX-16 OccupancyPrograms $1,072,222 · Management $0 · Fundraising $0$1,072,222
IX-17 TravelPrograms $0 · Management $123,198 · Fundraising $0$123,198
IX-19 Conferences, conventions and meetingsPrograms $50,101 · Management $32,031 · Fundraising $0$82,132
IX-20 InterestPrograms $1,283,529 · Management $0 · Fundraising $0$1,283,529
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $384,673 · Fundraising $0$384,673
IX-23 InsurancePrograms $0 · Management $163,698 · Fundraising $0$163,698
IX-24 Other expenses (24a–d)Programs $7,551,477 · Management $0 · Fundraising $0$7,551,477
IX-24e All other expensesPrograms $1,255,609 · Management $54,424 · Fundraising $0$1,310,033
IX-25 Total functional expensesPrograms $13,216,434 · Management $6,474,698 · Fundraising $0$19,691,132
Part X · Balance sheet $189,618,284 assets, 12 lines filed
Asset lines not itemized here account for $139,502,955; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,514,769$3,495,294
X-4 Accounts receivableStart of year $856,767$3,086,930
X-9 Prepaid expenses and deferred chargesStart of year $13,052,240$12,959,075
X-10c Land, buildings and equipment, netStart of year $7,224,840$6,929,605
X-12 Other securitiesStart of year $20,821,304$17,096,920
X-15 Other assetsStart of year $7,853,700$6,547,505
X-16 Total assetsStart of year $194,130,565$189,618,284
X-17 Accounts payable and accrued expensesStart of year $81,683$78,663
X-25 Other liabilitiesStart of year $5,514,146$5,325,237
X-26 Total liabilitiesStart of year $5,595,829$5,403,900
X-32 Total net assets or fund balancesStart of year $188,534,736$184,214,384
X-33 Total liabilities and net assetsStart of year $194,130,565$189,618,284
Part XI · Reconciliation of net assets $184,214,384 net assets at year end
XI-1 Total revenue$16,547,728
XI-2 Total expenses$19,691,132
XI-3 Revenue less expenses−$3,143,404
XI-4 Net assets at start of year$188,534,736
XI-5 Net unrealized gains (losses) on investments−$1,176,948
XI-10 Net assets at end of year$184,214,384

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.