Intercorp Credit Union FY2023 filing

Not tax-deductible

Amarillo, TXMutual-benefit / member-servingMutual / membership EIN 75-0730775Revenue $312K in FY2023Latest 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, FY2023. 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.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
$74K
to officers and key staff · 24% of spending
Pay to officers and key staff is 24% of spending.
Part VII, Section A
49.3 mo
of spending, in cash
49.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.5M
81% of total assets
Liabilities are 81% 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
$312K
+12% vs prior year
Spent
$304K
To programs
100%
Net assets
$804K
By yearFY2020–FY2025
Revenue
$312K
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$261K
FY2022$279K
FY2023$312K
FY2024$342K
FY2025$317K
Expenses
$304K
FY2023▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$249K
FY2021$237K
FY2022$264K
FY2023$304K
FY2024$337K
FY2025$353K
Net assets
$804K
FY2023▲ +1%
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 FY2023 Form 990 · see the original

You’re viewing the FY2023 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% · $304K

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; $74K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$74,393Pt 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
$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 II5 listed

Programs and updates

Offers members affordable financial services.

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1 program · in their own filed words · FY2023
01

Provide financial services to members

Form 990 Part III, line 4, FY2023. 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Fees for servicesLn 2g$283K
Investment incomeLn 3$29K
Money outPt IX
$304K
Ln 25
Programscol B$304K
Owns and owesPt X
$804K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$4.3M
LiabilitiesLn 26$3.5M
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$283K
Investment incomeLn 3$29K
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$221K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.3M
Accounts receivableLn 4$9K
Loans to officers and key peopleLn 5$226K
Notes and loans receivableLn 7$2.7M
Prepaid expenses and deferred chargesLn 9$14K
Land, buildings, equipmentLn 10c$117K
Total assetsLn 16$4.3M
LiabilitiesLn 26$3.5M
Net assetsLn 32$804K
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 FY23End FY23
Cash and savingsLn 1–2$1.5M$1.3M
Land, buildings, equipmentLn 10c$130K$117K
Total assetsLn 16$4.5M$4.3M
LiabilitiesLn 26$3.7M$3.5M
Net assetsLn 32$796K$804K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$74K$74K$0$0
Other salaries and wagesLn 7$45K$45K$0$0
Other employee benefitsLn 9$13K$13K$0$0
Payroll taxesLn 10$9K$9K$0$0
Legal feesLn 11b$150$150$0$0
Accounting feesLn 11c$6K$6K$0$0
Other fees for servicesLn 11g$3K$3K$0$0
Office expensesLn 13$16K$16K$0$0
Information technologyLn 14$9K$9K$0$0
OccupancyLn 16$3K$3K$0$0
Depreciation, depletion and amortizationLn 22$18K$18K$0$0
InsuranceLn 23$7K$7K$0$0
Other expenses (24a–d)Ln 24$93K$93K$0$0
All other expensesLn 24e$9K$9K$0$0
Total functional expensesLn 25$304K$304K$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
FY2023 ViewingFiled with the IRS Apr 23, 2024 $312K$304K$8K$804K 990 PDF
FY2022Filed 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 FY2023 990
Part I · Summary $312,226 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $251,949$283,091
I-10 Investment incomePrior year $10,512$29,135
I-11 Other revenuePrior year $16,213$0
I-12 Total revenuePrior year $278,674$312,226
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $134,066$141,064
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $129,744$163,039
I-18 Total expensesPrior year $263,810$304,103
I-19 Revenue less expensesPrior year $14,864$8,123
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 $312,226 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$283,091
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$29,135
VIII-12 Total revenueRelated to mission $312,226 · Unrelated business $0 · Excluded from tax $0$312,226
Part IX · Statement of functional expenses $304,103 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $74,393 · Management $0 · Fundraising $0$74,393
IX-7 Other salaries and wagesPrograms $44,681 · Management $0 · Fundraising $0$44,681
IX-9 Other employee benefitsPrograms $12,757 · Management $0 · Fundraising $0$12,757
IX-10 Payroll taxesPrograms $9,233 · Management $0 · Fundraising $0$9,233
IX-11b Legal feesPrograms $150 · Management $0 · Fundraising $0$150
IX-11c Accounting feesPrograms $6,300 · Management $0 · Fundraising $0$6,300
IX-11g Other fees for servicesPrograms $2,600 · Management $0 · Fundraising $0$2,600
IX-13 Office expensesPrograms $16,052 · Management $0 · Fundraising $0$16,052
IX-14 Information technologyPrograms $8,946 · Management $0 · Fundraising $0$8,946
IX-16 OccupancyPrograms $2,896 · Management $0 · Fundraising $0$2,896
IX-22 Depreciation, depletion and amortizationPrograms $17,713 · Management $0 · Fundraising $0$17,713
IX-23 InsurancePrograms $7,238 · Management $0 · Fundraising $0$7,238
IX-24 Other expenses (24a–d)Programs $92,573 · Management $0 · Fundraising $0$92,573
IX-24e All other expensesPrograms $8,571 · Management $0 · Fundraising $0$8,571
IX-25 Total functional expensesPrograms $304,103 · Management $0 · Fundraising $0$304,103
Part X · Balance sheet $4,327,737 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $189,192$220,657
X-2 Savings and temporary cash investmentsStart of year $1,261,224$1,029,758
X-4 Accounts receivableStart of year $8,374$9,081
X-5 Loans to officers and key peopleStart of year $169,354$225,915
X-7 Notes and loans receivableStart of year $2,713,288$2,711,010
X-9 Prepaid expenses and deferred chargesStart of year $14,302$13,897
X-10c Land, buildings and equipment, netStart of year $130,463$117,419
X-16 Total assetsStart of year $4,486,197$4,327,737
X-17 Accounts payable and accrued expensesStart of year $28,462$34,124
X-25 Other liabilitiesStart of year $3,661,974$3,489,729
X-26 Total liabilitiesStart of year $3,690,436$3,523,853
X-31 Retained earnings or endowmentStart of year $795,761$803,884
X-32 Total net assets or fund balancesStart of year $795,761$803,884
X-33 Total liabilities and net assetsStart of year $4,486,197$4,327,737
Part XI · Reconciliation of net assets $803,884 net assets at year end
XI-1 Total revenue$312,226
XI-2 Total expenses$304,103
XI-3 Revenue less expenses$8,123
XI-4 Net assets at start of year$795,761
XI-10 Net assets at end of year$803,884

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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