Fivepoint Credit Union

Not tax-deductible

Nederland, TXMutual-benefit / member-servingSince 1935Mutual / membership EIN 74-1109889Revenue $68.9M in FY2024

On file with the IRSfivepointcu.orgPo Box 1366, 77627-1366 · Nederland, TXTax-exempt since Jun 1976

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To provide financial services to our membership with various loan and deposit products.

Run by 14 volunteers and 249 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.6M a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$4.2M
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
9 mo
of spending, in cash
Plus $80.3M in investments, Pt X · Ln 11–13
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$907.0M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68.9M
+17% vs prior year
Spent
$66.1M
Net assets
$80.2M
By yearFY2020–FY2024
Revenue
$68.9M
FY2024▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$43.1M
FY2021$45.9M
FY2022$49.4M
FY2023$58.8M
FY2024$68.9M
Expenses
$66.1M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$40.9M
FY2021$40.1M
FY2022$44.5M
FY2023$56.5M
FY2024$66.1M
Net assets
$80.2M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$78.6M
FY2021$82.3M
FY2022$74.2M
FY2023$76.0M
FY2024$80.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1976.

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

Who runs it and what they're paid

28 people listed on the 990; $4.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$508,339Pt VII · Sec A
Executive Vice President
$362,399Pt VII · Sec A
Executive Vice President
$320,914Pt VII · Sec A
Executive Vice President
$313,606Pt VII · Sec A
SVP of Human Resources
$292,054Pt VII · Sec A
Financial Advisor
$274,865Pt VII · Sec A
Senior VP Operations
$227,721Pt VII · Sec A
Senior VP Lending
$225,628Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Vicki O'Dell——$886,220——
Erik Shaw$508,339$534,478$507,305$471,190$461,050
Jennifer Webb$320,914$314,698$454,077$274,850$239,408
Kristen Bellanger$313,606$311,677$446,667$261,090$239,313
Kenneth Miller$362,399$371,389$360,107$330,785$321,307
Amanda White$292,054$287,449$208,215$151,693$128,016
Matt Borel———$278,225$207,574
Matthew Borel$274,865$215,943$211,627——

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 Fivepoint Credit Union executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 II4 listed

Programs and updates

Offers loans and savings accounts to members.

Questions for Fivepoint Credit Union

Tap to ask. Fivepoint Credit Union sees how many people are interested.

Your first name shows with your question. Fivepoint Credit Union answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · in their own filed words · FY2024
01

Atm services provided to the membership represented approximately $2,102,000 of total expenses incurred during the year ended december 31, 2024.

Pt IX · col B
02

Home banking provided to the membership represented a cost of approximately $ 1,633,000 incurred during the year ended december 31, 2024.

Pt IX · col B
03

Interest incurred on member deposits approximated $17,883,000 during the year ended december 31, 2024.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 14 grants · $592K · 2020–2024
American Cancer SocietyFY2024$50,000
Unitemized GrantFY2024$25,000
American Cancer SocietyFY2023$98,910
Unitemized GrantFY2023$25,000
American Cancer SocietyFY2022$211,505
Unitemized GrantFY2022$16,000
American Cancer SocietyFY2021$62,630
Unitemized GrantFY2021$10,000
American Cancer SocietyFY2020$57,340
Unitemized GrantFY2020$9,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$68.9M
Ln 12
Fees for servicesLn 2g$65.6M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$103K
Money outPt IX
$66.1M
Ln 25
Owns and owesPt X
$80.2M
net assets · Ln 32
Cash and savingsLn 1–2$49.2M
Total assetsLn 16$987.2M
LiabilitiesLn 26$907.0M
PeoplePt VI, VII
28
listed · VII A
PaidVII A19
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$65.6M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$103K
Total revenueLn 12$68.9M
Assets in detailPt X, end of year
CashLn 1$13.6M
SavingsLn 2$35.6M
Cash and savings togetherLn 1–2$49.2M
InvestmentsLn 11–13$80.3M
Land, buildings, equipmentLn 10c$32.6M
Other assetsLn 15$33.0M
Total assetsLn 16$987.2M
LiabilitiesLn 26$907.0M
Net assetsLn 32$80.2M
OperationsPt I, VI
EmployeesI 5249
VolunteersI 614
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$40.6M$49.2M
InvestmentsLn 11–13$86.6M$80.3M
Land, buildings, equipmentLn 10c$30.0M$32.6M
Total assetsLn 16$940.7M$987.2M
LiabilitiesLn 26$864.7M$907.0M
Net assetsLn 32$76.0M$80.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K
Grants to domestic individualsLn 2$25K
Pay of current officers, directors and key staffLn 5$4.1M
Other salaries and wagesLn 7$12.4M
Pension plan contributionsLn 8$903K
Other employee benefitsLn 9$3.7M
Payroll taxesLn 10$1.1M
Legal feesLn 11b$328K
Accounting feesLn 11c$126K
Other fees for servicesLn 11g$509K
Advertising and promotionLn 12$2.0M
Office expensesLn 13$1.8M
Information technologyLn 14$4.3M
OccupancyLn 16$1.8M
TravelLn 17$227K
Conferences, conventions and meetingsLn 19$7K
InterestLn 20$18.6M
Payments to affiliatesLn 21$107K
Depreciation, depletion and amortizationLn 22$2.2M
InsuranceLn 23$208K
Other expenses (24a–d)Ln 24$10.7M
All other expensesLn 24e$883K
Total functional expensesLn 25$66.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $68.9M$66.1M$2.8M$80.2M 990 PDF
FY2023 $58.8M$56.5M$2.3M$76.0M 990 PDF
FY2022 $49.4M$44.5M$4.9M$74.2M 990 PDF
FY2021 $45.9M$40.1M$5.8M$82.3M 990 PDF
FY2020 $43.1M$40.9M$2.2M$78.6M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $68,944,661 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $54,976,856$65,575,513
I-10 Investment incomePrior year $3,770,279$3,265,688
I-11 Other revenuePrior year $91,240$103,460
I-12 Total revenuePrior year $58,838,375$68,944,661
I-13 Grants and similar amounts paidPrior year $370,387$75,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,305,635$22,236,753
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,855,649$43,803,883
I-18 Total expensesPrior year $56,531,671$66,115,636
I-19 Revenue less expensesPrior year $2,306,704$2,829,025
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $68,944,661 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,575,513$65,575,513
VIII-3 Investment incomeExcluded from tax $3,265,688$3,265,688
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $103,460$103,460
VIII-12 Total revenueRelated to mission $65,575,513 · Unrelated business $103,460 · Excluded from tax $3,265,688$68,944,661
Part IX · Statement of functional expenses $66,115,636 across 22 lines filed
IX-1 Grants to domestic organizations$50,000
IX-2 Grants to domestic individuals$25,000
IX-5 Pay of current officers, directors and key staff$4,082,624
IX-7 Other salaries and wages$12,397,334
IX-8 Pension plan contributions$903,175
IX-9 Other employee benefits$3,721,537
IX-10 Payroll taxes$1,132,083
IX-11b Legal fees$328,030
IX-11c Accounting fees$126,067
IX-11g Other fees for services$509,303
IX-12 Advertising and promotion$2,025,810
IX-13 Office expenses$1,788,909
IX-14 Information technology$4,252,624
IX-16 Occupancy$1,804,547
IX-17 Travel$226,764
IX-19 Conferences, conventions and meetings$7,395
IX-20 Interest$18,639,151
IX-21 Payments to affiliates$106,801
IX-22 Depreciation, depletion and amortization$2,236,969
IX-23 Insurance$208,102
IX-24 Other expenses (24a–d)$10,660,902
IX-24e All other expenses$882,509
IX-25 Total functional expenses$66,115,636
Part X · Balance sheet $987,167,081 assets, 14 lines filed
Asset lines not itemized here account for $786,678,537; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $13,913,189$13,555,101
X-2 Savings and temporary cash investmentsStart of year $26,648,953$35,617,074
X-4 Accounts receivableStart of year $2,240,642$2,366,774
X-9 Prepaid expenses and deferred chargesStart of year $1,180,287$2,935,505
X-10c Land, buildings and equipment, netStart of year $30,010,695$32,568,897
X-11 Publicly traded securitiesStart of year $86,577,114$80,309,664
X-14 Intangible assetsStart of year $111,817$91,487
X-15 Other assetsStart of year $32,823,756$33,044,042
X-16 Total assetsStart of year $940,698,707$987,167,081
X-17 Accounts payable and accrued expensesStart of year $13,171,050$16,765,211
X-25 Other liabilitiesStart of year $821,490,233$890,236,166
X-26 Total liabilitiesStart of year $864,661,283$907,001,377
X-32 Total net assets or fund balancesStart of year $76,037,424$80,165,704
X-33 Total liabilities and net assetsStart of year $940,698,707$987,167,081
Part XI · Reconciliation of net assets $80,165,704 net assets at year end
XI-1 Total revenue$68,944,661
XI-2 Total expenses$66,115,636
XI-3 Revenue less expenses$2,829,025
XI-4 Net assets at start of year$76,037,424
XI-5 Net unrealized gains (losses) on investments$1,299,255
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$80,165,704

Form 990 e-file (XML) FY2024 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.

Your org? Add context

Made it to the end? Claim this org

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.