Capitol Credit Union FY2020 filing

Not tax-deductible

Austin, TXMutual-benefit / member-servingSince 1954Mutual / membership EIN 74-6054885Revenue $17.4M in FY2020Latest return filed Nov 17, 2025

On file with the IRSccutx.orgAustin, 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.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6054885) · Dispute this line
$553K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$553K
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% of spending.
Part VII, Section A
2.8 mo
of spending, in cash
Plus $47.7M in investments, Pt X · Ln 11–13
2.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$153.1M
87% of total assets
Liabilities are 87% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$17.4M
Spent
$6.4M
Net assets
$23.0M
By yearFY2020–FY2024
Revenue
$17.4M
FY2020
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
$6.4M
FY2020
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
$23.0M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

15 people listed on the 990; $553K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$261,856Pt VII · Sec A
$127,924Pt VII · Sec A
$121,110Pt VII · Sec A
$41,808Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$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 →

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

3 programs · in their own filed words · FY2020
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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6054885) · Dispute this line
Pt IX · Ln 25 · 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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6054885) · Dispute this line
Pt IX · Ln 25 · 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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 74-6054885) · Dispute this line
Pt IX · Ln 25 · 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
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$17.4M
Ln 12
Investment incomeLn 3$10.1M
Fees for servicesLn 2g$7.0M
Other incomeLn 4–11$383K
Money outPt IX
$6.4M
Ln 25
Owns and owesPt X
$23.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$176.0M
LiabilitiesLn 26$153.1M
PeoplePt VI, VII
15
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.0M
Investment incomeLn 3$10.1M
Other incomeLn 4–11$383K
Gains on assetsLn 7$9.6M
Total revenueLn 12$17.4M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Accounts receivableLn 4$5.0M
Notes and loans receivableLn 7$117.3M
Prepaid expenses and deferred chargesLn 9$417K
Land, buildings, equipmentLn 10c$3.7M
InvestmentsLn 11–13$47.7M
Other assetsLn 15$441K
Total assetsLn 16$176.0M
LiabilitiesLn 26$153.1M
Net assetsLn 32$23.0M
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 FY20End FY20
Cash and savingsLn 1–2$1.6M$1.5M
InvestmentsLn 11–13$29.2M$47.7M
Land, buildings, equipmentLn 10c$2.8M$3.7M
Total assetsLn 16$141.0M$176.0M
LiabilitiesLn 26$129.3M$153.1M
Net assetsLn 32$11.7M$23.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$128K
Pay of officers and key staff (Part IX, line 5)Ln 5$588K
Other salaries and wagesLn 7$2.1M
Pension plan contributionsLn 8$51K
Other employee benefitsLn 9$268K
Payroll taxesLn 10$214K
Legal feesLn 11b$24K
Accounting feesLn 11c$44K
Other fees for servicesLn 11g$655K
Advertising and promotionLn 12$68K
Office expensesLn 13$1.2M
Information technologyLn 14$23K
OccupancyLn 16$332K
TravelLn 17$11K
InterestLn 20$230
Depreciation, depletion and amortizationLn 22$192K
Other expenses (24a–d)Ln 24$590K
Total functional expensesLn 25$6.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $12.0M$11.3M$762K$24.2M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $10.1M$9.3M$854K$23.5M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $9.5M$7.9M$1.7M$22.8M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $8.2M$7.1M$1.2M$23.7M 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $17.4M$6.4M$11.0M$23.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $17,431,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,616,860$6,960,959
I-10 Investment incomePrior year $691,666$10,088,214
I-11 Other revenuePrior year $0$382,710
I-12 Total revenuePrior year $7,308,526$17,431,883
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $107,805$127,997
I-15 Salaries and benefitsPrior year $2,784,504$3,216,884
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,268,714$3,093,240
I-18 Total expensesPrior year $6,161,023$6,438,121
I-19 Revenue less expensesPrior year $1,147,503$10,993,762
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 $17,431,883 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,800,320 · Unrelated business $160,639$6,960,959
VIII-3 Investment incomeExcluded from tax $485,421$485,421
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,602,793$9,602,793
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $382,710$382,710
VIII-12 Total revenueRelated to mission $6,800,320 · Unrelated business $160,639 · Excluded from tax $10,470,924$17,431,883
Part IX · Statement of functional expenses $6,438,121 across 17 lines filed
IX-4 Benefits paid to or for members$127,997
IX-5 Pay of officers and key staff (Part IX, line 5)$587,553
IX-7 Other salaries and wages$2,095,924
IX-8 Pension plan contributions$50,740
IX-9 Other employee benefits$268,354
IX-10 Payroll taxes$214,313
IX-11b Legal fees$23,698
IX-11c Accounting fees$43,598
IX-11g Other fees for services$655,490
IX-12 Advertising and promotion$68,040
IX-13 Office expenses$1,154,136
IX-14 Information technology$23,248
IX-16 Occupancy$331,841
IX-17 Travel$10,935
IX-20 Interest$230
IX-22 Depreciation, depletion and amortization$191,779
IX-24 Other expenses (24a–d)$590,245
IX-25 Total functional expenses$6,438,121
Part X · Balance sheet $176,043,251 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,593,979$1,515,733
X-4 Accounts receivableStart of year $4,286,701$4,988,659
X-7 Notes and loans receivableStart of year $101,154,210$117,291,871
X-9 Prepaid expenses and deferred chargesStart of year $404,765$417,255
X-10c Land, buildings and equipment, netStart of year $2,761,238$3,705,850
X-12 Other securitiesStart of year $28,188,673$46,348,039
X-13 Program-related investmentsStart of year $1,023,517$1,334,730
X-15 Other assetsStart of year $1,630,885$441,114
X-16 Total assetsStart of year $141,043,968$176,043,251
X-17 Accounts payable and accrued expensesStart of year $2,066,674$2,507,477
X-25 Other liabilitiesStart of year $127,276,303$150,551,818
X-26 Total liabilitiesStart of year $129,342,977$153,059,295
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $11,700,991$22,983,956
X-32 Total net assets or fund balancesStart of year $11,700,991$22,983,956
X-33 Total liabilities and net assetsStart of year $141,043,968$176,043,251
Part XI · Reconciliation of net assets $22,983,956 net assets at year end
XI-1 Total revenue$17,431,883
XI-2 Total expenses$6,438,121
XI-3 Revenue less expenses$10,993,762
XI-4 Net assets at start of year$11,700,991
XI-5 Net unrealized gains (losses) on investments$289,203
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,983,956

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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