Pie Credit Union FY2022 filing

Not tax-deductible

Houston, TXMutual-benefit / member-servingMutual / membership EIN 74-6176202Revenue $305K in FY2022Latest return filed Feb 25, 2026

On file with the IRSpiecu.orgPo Box 35068, 77235-5068 · Houston, TXTax-exempt since Jun 1976

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PIE Credit Union is a cooperative thrift institution. Our mission is to maintain a sound financial institution and provide excellent services to our member-owners.

$144K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
6 of 6
filings with a surplus
Average surplus $113K a year · 26% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$144K
to officers and key staff · 52% of spending
Concern: pay to officers and key staff is 52% of spending; over 30%.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $7.7M in investments, Pt X · Ln 11–13
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9.4M
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$305K
+0.1% vs prior year
Spent
$277K
To programs
0%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$305K
FY2022+0.1%
Tap a bar for its year
Revenue by fiscal year
FY2020$363K
FY2021$304K
FY2022$305K
FY2023$406K
FY2024$562K
FY2025$628K
Expenses
$277K
FY2022▲ +0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$275K
FY2022$277K
FY2023$274K
FY2024$376K
FY2025$395K
Net assets
$2.2M
FY2022▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2022$2.2M
FY2023$2.3M
FY2024$2.5M
FY2025$2.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

9 people listed on the 990; $144K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Manager
$74,731Pt VII · Sec A
Assistant Manager
$69,115Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Orelia J Clay$92,452$90,984$75,683———
Jessica Inman———$74,731$82,544$82,544
Orelia Clay———$69,115$72,476$72,476
Sara Cantu——$33,196———

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

Helps members save money and access financial services.

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Provided by the organization

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3 programs · $277K · in their own filed words · FY2022
01

PIE Credit Union's share accounts offer advantages for members of all ages. The credit union has 1,088 member-owned accounts as of December 31, 2022. Our savings accounts pay monthly dividends and offer access in person, by phone or through online banking.

$228Kprogram expense
02

PIE Credit Union provides checking accounts for members with account access by writing checks, using debit cards or through online banking.

$26Kprogram expense
03

PIE Credit Union provides vehicle, motorcycle, boat, signature and home equity loans to qualified members. Credit life and disability insurance is available on any of these loans per applicant request.

$22Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$305K
Ln 12
Fees for servicesLn 2g$179K
Investment incomeLn 3$86K
Other incomeLn 4–11$40K
Money outPt IX
$277K
Ln 25
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$224K
Total assetsLn 16$11.6M
LiabilitiesLn 26$9.4M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$179K
Investment incomeLn 3$86K
Other incomeLn 4–11$40K
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$224K
SavingsLn 2$0
Cash and savings togetherLn 1–2$224K
InvestmentsLn 11–13$7.7M
Land, buildings, equipmentLn 10c$33
Other assetsLn 15$16K
Total assetsLn 16$11.6M
LiabilitiesLn 26$9.4M
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY22End FY22
Cash and savingsLn 1–2$281K$224K
InvestmentsLn 11–13$8.5M$7.7M
Land, buildings, equipmentLn 10c$33$33
Total assetsLn 16$11.5M$11.6M
LiabilitiesLn 26$9.4M$9.4M
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$129K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$22K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$4K
Office expensesLn 13$18K
Information technologyLn 14$51K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$197
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$9K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$41K
All other expensesLn 24e$1K
Total functional expensesLn 25$277K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 25, 2026 $628K$395K$233K$2.7M 990 PDF
FY2024Filed with the IRS Mar 3, 2025 $562K$376K$186K$2.5M 990 PDF
FY2023Filed with the IRS Mar 11, 2024 $406K$274K$132K$2.3M 990 PDF
FY2022 ViewingFiled with the IRS Mar 28, 2023 $305K$277K$28K$2.2M 990 PDF
FY2021Filed with the IRS Feb 16, 2022 $304K$275K$29K$2.2M 990 PDF
FY2020Filed with the IRS Mar 18, 2021 $363K$295K$68K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $304,669 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $152,986$178,577
I-10 Investment incomePrior year $87,267$85,626
I-11 Other revenuePrior year $64,086$40,466
I-12 Total revenuePrior year $304,339$304,669
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $120,053$129,080
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $155,127$147,527
I-18 Total expensesPrior year $275,180$276,607
I-19 Revenue less expensesPrior year $29,159$28,062
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $304,669 across 5 lines filed
Lines not itemized here account for $40,466 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $178,577 · Unrelated business $0 · Excluded from tax $0$178,577
VIII-3 Investment incomeRelated to mission $85,626 · Unrelated business $0 · Excluded from tax $0$85,626
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $301,549 · Unrelated business $3,120 · Excluded from tax $0$304,669
Part IX · Statement of functional expenses $276,607 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$129,080
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$22,083
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$3,600
IX-13 Office expenses$18,455
IX-14 Information technology$51,456
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$197
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$9,306
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$41,035
IX-24e All other expenses$1,395
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$276,607
Part X · Balance sheet $11,592,714 assets, 22 lines filed
Asset lines not itemized here account for $3,670,459; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $281,397$224,234
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,142$2,552
X-10c Land, buildings and equipment, netStart of year $33$33
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $8,548,265$7,679,026
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $16,283$16,410
X-16 Total assetsStart of year $11,533,861$11,592,714
X-17 Accounts payable and accrued expensesStart of year $78,743$67,363
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $9,292,181$9,334,352
X-26 Total liabilitiesStart of year $9,370,924$9,401,715
X-32 Total net assets or fund balancesStart of year $2,162,937$2,190,999
X-33 Total liabilities and net assetsStart of year $11,533,861$11,592,714
Part XI · Reconciliation of net assets $2,190,999 net assets at year end
XI-1 Total revenue$304,669
XI-2 Total expenses$276,607
XI-3 Revenue less expenses$28,062
XI-4 Net assets at start of year$2,162,937
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,190,999

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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