Intercorp Credit Union FY2022 filing

Not tax-deductible

Amarillo, TXMutual-benefit / member-servingMutual / membership EIN 75-0730775Revenue $279K in FY2022Latest return filed Mar 31, 2026

On file with the IRSAmarillo, TXTax-exempt since Jun 1976

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Provide financial services to its members at competitive prices

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-0730775) · Dispute this line
100¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · 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
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $7K a year · 2% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 27% of spending
Pay to officers and key staff is 27% of spending.
Part VII, Section A
66.0 mo
of spending, in cash
66.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.7M
82% of total assets
Liabilities are 82% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$279K
+7% vs prior year
Spent
$264K
To programs
100%
Net assets
$796K
By yearFY2020–FY2025
Revenue
$279K
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$261K
FY2022$279K
FY2023$312K
FY2024$342K
FY2025$317K
Expenses
$264K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$249K
FY2021$237K
FY2022$264K
FY2023$304K
FY2024$337K
FY2025$353K
Net assets
$796K
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$757K
FY2021$781K
FY2022$796K
FY2023$804K
FY2024$809K
FY2025$774K

From the FY2022 Form 990 · see the original

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $264K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $71K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$70,812Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karen Allison$79,080$76,960$74,393$70,812$69,066$66,826

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 Intercorp 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 15aNo
  • Loans to or from officersSch L · Pt II4 listed

Programs and updates

Offers members affordable financial services.

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1 program · in their own filed words · FY2022
01

Provide financial services to members

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-0730775) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$279K
Ln 12
Fees for servicesLn 2g$252K
Other incomeLn 4–11$16K
Investment incomeLn 3$11K
Money outPt IX
$264K
Ln 25
Programscol B$264K
Owns and owesPt X
$796K
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$4.5M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$252K
Investment incomeLn 3$11K
Other incomeLn 4–11$16K
Total revenueLn 12$279K
Assets in detailPt X, end of year
CashLn 1$189K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.5M
Accounts receivableLn 4$8K
Loans to officers and key peopleLn 5$169K
Notes and loans receivableLn 7$2.7M
Prepaid expenses and deferred chargesLn 9$14K
Land, buildings, equipmentLn 10c$130K
Total assetsLn 16$4.5M
LiabilitiesLn 26$3.7M
Net assetsLn 32$796K
OperationsPt I, VI
EmployeesI 52
VolunteersI 67
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 FY22End FY22
Cash and savingsLn 1–2$1.5M$1.5M
Land, buildings, equipmentLn 10c$130K$130K
Total assetsLn 16$4.3M$4.5M
LiabilitiesLn 26$3.6M$3.7M
Net assetsLn 32$781K$796K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$71K$71K$0$0
Other salaries and wagesLn 7$42K$42K$0$0
Pension plan contributionsLn 8$11K$11K$0$0
Other employee benefitsLn 9$962$962$0$0
Payroll taxesLn 10$9K$9K$0$0
Legal feesLn 11b$494$494$0$0
Accounting feesLn 11c$6K$6K$0$0
Other fees for servicesLn 11g$3K$3K$0$0
Office expensesLn 13$15K$15K$0$0
Information technologyLn 14$11K$11K$0$0
OccupancyLn 16$3K$3K$0$0
Depreciation, depletion and amortizationLn 22$17K$17K$0$0
InsuranceLn 23$8K$8K$0$0
Other expenses (24a–d)Ln 24$58K$58K$0$0
All other expensesLn 24e$8K$8K$0$0
Total functional expensesLn 25$264K$264K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 31, 2026 $317K$353K−$36K$774K 990 PDF
FY2024Filed with the IRS Apr 25, 2025 $342K$337K$6K$809K 990 PDF
FY2023Filed with the IRS Apr 23, 2024 $312K$304K$8K$804K 990 PDF
FY2022 ViewingFiled with the IRS May 3, 2023 $279K$264K$15K$796K 990 PDF
FY2021Filed with the IRS May 6, 2022 $261K$237K$24K$781K 990 PDF
FY2020Filed with the IRS Mar 24, 2021 $274K$249K$25K$757K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $278,674 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $238,410$251,949
I-10 Investment incomePrior year $2,208$10,512
I-11 Other revenuePrior year $20,239$16,213
I-12 Total revenuePrior year $260,857$278,674
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $130,570$134,066
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $105,982$129,744
I-18 Total expensesPrior year $236,552$263,810
I-19 Revenue less expensesPrior year $24,305$14,864
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $278,674 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$251,949
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$10,512
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,213 · Unrelated business $0 · Excluded from tax $0$16,213
VIII-12 Total revenueRelated to mission $278,674 · Unrelated business $0 · Excluded from tax $0$278,674
Part IX · Statement of functional expenses $263,810 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $70,812 · Management $0 · Fundraising $0$70,812
IX-7 Other salaries and wagesPrograms $42,405 · Management $0 · Fundraising $0$42,405
IX-8 Pension plan contributionsPrograms $11,086 · Management $0 · Fundraising $0$11,086
IX-9 Other employee benefitsPrograms $962 · Management $0 · Fundraising $0$962
IX-10 Payroll taxesPrograms $8,801 · Management $0 · Fundraising $0$8,801
IX-11b Legal feesPrograms $494 · Management $0 · Fundraising $0$494
IX-11c Accounting feesPrograms $6,225 · Management $0 · Fundraising $0$6,225
IX-11g Other fees for servicesPrograms $2,600 · Management $0 · Fundraising $0$2,600
IX-13 Office expensesPrograms $15,189 · Management $0 · Fundraising $0$15,189
IX-14 Information technologyPrograms $11,235 · Management $0 · Fundraising $0$11,235
IX-16 OccupancyPrograms $3,420 · Management $0 · Fundraising $0$3,420
IX-22 Depreciation, depletion and amortizationPrograms $16,983 · Management $0 · Fundraising $0$16,983
IX-23 InsurancePrograms $7,568 · Management $0 · Fundraising $0$7,568
IX-24 Other expenses (24a–d)Programs $57,673 · Management $0 · Fundraising $0$57,673
IX-24e All other expensesPrograms $8,357 · Management $0 · Fundraising $0$8,357
IX-25 Total functional expensesPrograms $263,810 · Management $0 · Fundraising $0$263,810
Part X · Balance sheet $4,486,197 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $319,979$189,192
X-2 Savings and temporary cash investmentsStart of year $1,222,750$1,261,224
X-4 Accounts receivableStart of year $6,588$8,374
X-5 Loans to officers and key peopleStart of year $165,564$169,354
X-7 Notes and loans receivableStart of year $2,476,866$2,713,288
X-9 Prepaid expenses and deferred chargesStart of year $16,832$14,302
X-10c Land, buildings and equipment, netStart of year $129,830$130,463
X-16 Total assetsStart of year $4,338,409$4,486,197
X-17 Accounts payable and accrued expensesStart of year $13,138$28,462
X-25 Other liabilitiesStart of year $3,544,374$3,661,974
X-26 Total liabilitiesStart of year $3,557,512$3,690,436
X-31 Retained earnings or endowmentStart of year $780,897$795,761
X-32 Total net assets or fund balancesStart of year $780,897$795,761
X-33 Total liabilities and net assetsStart of year $4,338,409$4,486,197
Part XI · Reconciliation of net assets $795,761 net assets at year end
XI-1 Total revenue$278,674
XI-2 Total expenses$263,810
XI-3 Revenue less expenses$14,864
XI-4 Net assets at start of year$780,897
XI-10 Net assets at end of year$795,761

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

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