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Capitol Credit Union

Not tax-deductible

Austin, TXMutual-benefit / member-servingSince 1954EIN 74-6054885Revenue $12.0M in FY2024

On file with the IRSccutx.orgPo Box 81647, 78708-1647 · Austin, TXTax-exempt since Jun 1976

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Capitol Credit Union exists to provide convenience to its members through a range of quality financial services and products offered at the best possible rates in a professional and personalized manner.

Run by 11 volunteers and 72 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 $3.1M a year · 27% 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
$899K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$194.3M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.0M
+19% vs prior year
Spent
$11.3M
Net assets
$24.2M
By yearFY2020–FY2024
Revenue
$12.0M
FY2024▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.4M
FY2021$8.2M
FY2022$9.5M
FY2023$10.1M
FY2024$12.0M
Expenses
$11.3M
FY2024▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.4M
FY2021$7.1M
FY2022$7.9M
FY2023$9.3M
FY2024$11.3M
Net assets
$24.2M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.0M
FY2021$23.7M
FY2022$22.8M
FY2023$23.5M
FY2024$24.2M

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

16 people listed on the 990; $899K paid to officers and key staff.

Part VII, Section A · reportable compensation
$279,000Pt VII · Sec A
$171,840Pt VII · Sec A
$167,728Pt VII · Sec A
$163,475Pt VII · Sec A
Martin Fogarty
VP Lending & Remote Servic
$116,638Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy Hrin
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pierre Cardenas$279,000$295,133$161,558$230,778$261,856
Brennan Daniels$171,840$149,820$66,248$138,064$41,808
Lisa Malesky$167,728$147,545$63,957$129,485$127,924
Paul Garcia$163,475$158,091$62,887$144,306—
Zeena Desai————$121,110
Martin Fogarty$116,638$110,067———

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 Capitol 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 quality financial services and products at great rates.

Questions for Capitol Credit Union

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Capitol credit union provides a wide range of secured and unsecured loans to its members for consumable items, such as autos, boats, motorcycles, RVS, home equity loans and line-of-credits, signature loans and line-of-credits and share or share certificate.

Pt IX · col B
02

Capitol credit union offers certificates of deposit to its members with varying terms and rates. These instruments allow our members a savings alternative that pays higher dividends than a typical savings or demand account, but with no market risk exposure.

Pt IX · col B
03

Capitol credit union offers money market accounts to its members. It pays a higher dividend than a typical savings or demand account if the minimum average monthly balance requirement is met, but with the capability of writing a limited number of checks.

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 · funders on record
Grants received · FY2025
National Credit Union Foundation INCFY2025$45K
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$12.0M
Ln 12
Fees for servicesLn 2g$10.4M
Investment incomeLn 3$1.7M
Money outPt IX
$11.3M
Ln 25
Owns and owesPt X
$24.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$218.6M
LiabilitiesLn 26$194.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$10.4M
Investment incomeLn 3$1.7M
Gains on assetsLn 7−$78K
Total revenueLn 12$12.0M
Assets in detailPt X, end of year
CashLn 1$2.7M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$52.9M
Land, buildings, equipmentLn 10c$8.9M
Other assetsLn 15$894K
Total assetsLn 16$218.6M
LiabilitiesLn 26$194.3M
Net assetsLn 32$24.2M
OperationsPt I, VI
EmployeesI 572
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$3.2M$2.7M
InvestmentsLn 11–13$51.2M$52.9M
Land, buildings, equipmentLn 10c$8.7M$8.9M
Total assetsLn 16$213.9M$218.6M
LiabilitiesLn 26$190.5M$194.3M
Net assetsLn 32$23.5M$24.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$2.0M
Other salaries and wagesLn 7$3.7M
Pension plan contributionsLn 8$77K
Other employee benefitsLn 9$336K
Payroll taxesLn 10$244K
Legal feesLn 11b$51K
Accounting feesLn 11c$76K
Other fees for servicesLn 11g$1.0M
Advertising and promotionLn 12$140K
Office expensesLn 13$1.6M
Information technologyLn 14$13K
OccupancyLn 16$451K
TravelLn 17$44K
InterestLn 20$461K
Depreciation, depletion and amortizationLn 22$298K
Other expenses (24a–d)Ln 24$767K
Total functional expensesLn 25$11.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $12.0M$11.3M$762K$24.2M 990 PDF
FY2023 $10.1M$9.3M$854K$23.5M 990 PDF
FY2022 $9.5M$7.9M$1.7M$22.8M 990 PDF
FY2021 $8.2M$7.1M$1.2M$23.7M 990 PDF
FY2020 $17.4M$6.4M$11.0M$23.0M 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 (6 parts)
Part I · Summary $12,049,549 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $9,224,962$10,379,396
I-10 Investment incomePrior year $870,344$1,670,153
I-11 Other revenuePrior year $48,803$0
I-12 Total revenuePrior year $10,144,109$12,049,549
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $1,160,646$2,020,609
I-15 Salaries and benefitsPrior year $4,150,458$4,356,237
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,978,760$4,910,656
I-18 Total expensesPrior year $9,289,864$11,287,502
I-19 Revenue less expensesPrior year $854,245$762,047
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,049,549 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,133,836 · Unrelated business $245,560$10,379,396
VIII-3 Investment incomeExcluded from tax $1,748,336$1,748,336
VIII-7 Net gain or loss on sales of assetsRelated to mission −$78,183−$78,183
VIII-12 Total revenueRelated to mission $10,055,653 · Unrelated business $245,560 · Excluded from tax $1,748,336$12,049,549
Part IX · Statement of functional expenses $11,287,502 across 16 lines filed
IX-4 Benefits paid to or for members$2,020,609
IX-7 Other salaries and wages$3,698,723
IX-8 Pension plan contributions$77,370
IX-9 Other employee benefits$335,946
IX-10 Payroll taxes$244,198
IX-11b Legal fees$50,541
IX-11c Accounting fees$76,025
IX-11g Other fees for services$1,031,907
IX-12 Advertising and promotion$140,377
IX-13 Office expenses$1,576,918
IX-14 Information technology$13,264
IX-16 Occupancy$450,993
IX-17 Travel$43,823
IX-20 Interest$460,885
IX-22 Depreciation, depletion and amortization$298,479
IX-24 Other expenses (24a–d)$767,444
IX-25 Total functional expenses$11,287,502
Part X · Balance sheet $218,553,127 assets, 13 lines filed
Asset lines not itemized here account for $148,820,092; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,232,055$2,749,083
X-4 Accounts receivableStart of year $4,348,921$3,962,371
X-9 Prepaid expenses and deferred chargesStart of year $355,225$308,926
X-10c Land, buildings and equipment, netStart of year $8,653,585$8,930,897
X-12 Other securitiesStart of year $49,543,096$51,207,363
X-13 Program-related investmentsStart of year $1,682,604$1,680,831
X-15 Other assetsStart of year $745,870$893,564
X-16 Total assetsStart of year $213,925,831$218,553,127
X-17 Accounts payable and accrued expensesStart of year $12,728,100$3,650,739
X-25 Other liabilitiesStart of year $177,747,421$190,659,363
X-26 Total liabilitiesStart of year $190,475,521$194,310,102
X-32 Total net assets or fund balancesStart of year $23,450,310$24,243,025
X-33 Total liabilities and net assetsStart of year $213,925,831$218,553,127
Part XI · Reconciliation of net assets $24,243,025 net assets at year end
XI-1 Total revenue$12,049,549
XI-2 Total expenses$11,287,502
XI-3 Revenue less expenses$762,047
XI-4 Net assets at start of year$23,450,310
XI-5 Net unrealized gains (losses) on investments$30,668
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,243,025

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

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