Union Square Credit Union

Not tax-deductible

Wichita Falls, TXMutual-benefit / member-servingSince 1957Mutual / membership EIN 75-0971964Revenue $48.0M in FY2024

On file with the IRSunionsquare.org1401 Holliday St, 76301-7108 · Wichita Falls, TXTax-exempt since Jun 1976

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To serve the financial needs of its members.

Run by 6 volunteers and 207 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
3 of 5
filings with a surplus
Average surplus $944K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.6M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$545.6M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48.0M
+14% vs prior year
Spent
$51.1M
Net assets
$44.6M
By yearFY2020–FY2024
Revenue
$48.0M
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$23.4M
FY2021$29.2M
FY2022$34.0M
FY2023$42.0M
FY2024$48.0M
Expenses
$51.1M
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$21.9M
FY2021$25.5M
FY2022$30.0M
FY2023$43.3M
FY2024$51.1M
Net assets
$44.6M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$47.5M
FY2021$50.6M
FY2022$50.1M
FY2023$47.4M
FY2024$44.6M

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

17 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$273,556Pt VII · Sec A
Chief Lending Officer
$192,773Pt VII · Sec A
Chief Information Officer
$166,276Pt VII · Sec A
Avp Mortgage Production
$146,733Pt VII · Sec A
SVP Risk Management
$126,313Pt VII · Sec A
Chief Financial Officer
$122,949Pt VII · Sec A
SVP President Human Resources
$120,835Pt VII · Sec A
Loan Constructiuon Officer
$119,262Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kevin Rhine———$430,272$524,398
John Barad—$300,250$418,608$386,760$373,971
Patrick Murray$273,556$174,336$163,952$151,359$154,449
Scott Flinn$192,773$214,255$213,156$264,432$239,192
Joe Guidry$166,276$161,114$158,655$92,543—
Teea Reed—$154,124$154,987$127,496$117,824
Tammy Hughes$146,733$154,244$116,453——
Angela Davis$119,262$145,861———

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 Union Square Credit Union executive salaries →

On this list? Claim this org

Something off? Claim to add context

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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Helps members manage their money and achieve financial goals.

Questions for Union Square Credit Union

Tap to ask. Union Square Credit Union sees how many people are interested.

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

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2024
01

To serve the financial needs and dreams of the members. Union square credit union core values include member service and sensitivity, ethical and legal behavior, diversity and equal opportunity, sound, strong business judgment, and friendly and knowledgeable staff.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$48.0M
Ln 12
Fees for servicesLn 2g$37.4M
Investment incomeLn 3$10.6M
Money outPt IX
$51.1M
Ln 25
Owns and owesPt X
$44.6M
net assets · Ln 32
Cash and savingsLn 1–2$47.3M
Total assetsLn 16$590.2M
LiabilitiesLn 26$545.6M
PeoplePt VI, VII
17
listed · VII A
PaidVII A17
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$37.4M
Investment incomeLn 3$10.6M
Gains on assetsLn 7−$221
Total revenueLn 12$48.0M
Assets in detailPt X, end of year
CashLn 1$40.8M
SavingsLn 2$6.5M
Cash and savings togetherLn 1–2$47.3M
InvestmentsLn 11–13$28.8M
Land, buildings, equipmentLn 10c$18.8M
Other assetsLn 15$16.1M
Total assetsLn 16$590.2M
LiabilitiesLn 26$545.6M
Net assetsLn 32$44.6M
OperationsPt I, VI
EmployeesI 5207
VolunteersI 66
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 FY24End FY24
Cash and savingsLn 1–2$8.4M$47.3M
InvestmentsLn 11–13$32.0M$28.8M
Land, buildings, equipmentLn 10c$20.0M$18.8M
Total assetsLn 16$620.9M$590.2M
LiabilitiesLn 26$573.6M$545.6M
Net assetsLn 32$47.4M$44.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$10.8M
Pay of current officers, directors and key staffLn 5$1.4M
Other salaries and wagesLn 7$6.6M
Pension plan contributionsLn 8$865K
Other employee benefitsLn 9$970K
Payroll taxesLn 10$588K
Legal feesLn 11b$37K
Accounting feesLn 11c$130K
Other fees for servicesLn 11g$5.3M
Advertising and promotionLn 12$857K
Office expensesLn 13$4.8M
Information technologyLn 14$655K
OccupancyLn 16$607K
TravelLn 17$400K
InterestLn 20$9.0M
Depreciation, depletion and amortizationLn 22$1.3M
InsuranceLn 23$184K
Other expenses (24a–d)Ln 24$6.6M
Total functional expensesLn 25$51.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $48.0M$51.1M−$3.1M$44.6M 990 PDF
FY2023 $42.0M$43.3M−$1.3M$47.4M 990 PDF
FY2022 $34.0M$30.0M$4.0M$50.1M 990 PDF
FY2021 $29.2M$25.5M$3.7M$50.6M 990 PDF
FY2020 $23.4M$21.9M$1.5M$47.5M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $47,979,281 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $37,960,255$37,376,782
I-10 Investment incomePrior year $4,068,436$10,628,271
I-11 Other revenuePrior year −$42,584−$25,772
I-12 Total revenuePrior year $41,986,107$47,979,281
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $10,049,064$10,797,264
I-15 Salaries and benefitsPrior year $10,250,312$10,366,587
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,032,499$29,908,235
I-18 Total expensesPrior year $43,331,875$51,072,086
I-19 Revenue less expensesPrior year −$1,345,768−$3,092,805
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $47,979,281 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,173,370 · Unrelated business $203,412$37,376,782
VIII-3 Investment incomeExcluded from tax $10,628,492$10,628,492
VIII-6 Net rental income or lossExcluded from tax −$25,772−$25,772
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$221−$221
VIII-12 Total revenueRelated to mission $37,173,370 · Unrelated business $203,412 · Excluded from tax $10,602,499$47,979,281
Part IX · Statement of functional expenses $51,072,086 across 18 lines filed
IX-4 Benefits paid to or for members$10,797,264
IX-5 Pay of current officers, directors and key staff$1,350,239
IX-7 Other salaries and wages$6,593,702
IX-8 Pension plan contributions$865,006
IX-9 Other employee benefits$969,509
IX-10 Payroll taxes$588,131
IX-11b Legal fees$37,115
IX-11c Accounting fees$130,000
IX-11g Other fees for services$5,327,723
IX-12 Advertising and promotion$857,350
IX-13 Office expenses$4,802,786
IX-14 Information technology$655,485
IX-16 Occupancy$606,696
IX-17 Travel$400,319
IX-20 Interest$9,006,458
IX-22 Depreciation, depletion and amortization$1,298,560
IX-23 Insurance$183,653
IX-24 Other expenses (24a–d)$6,602,090
IX-25 Total functional expenses$51,072,086
Part X · Balance sheet $590,203,667 assets, 14 lines filed
Asset lines not itemized here account for $478,603,137; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,522,600$40,777,313
X-2 Savings and temporary cash investmentsStart of year $4,896,813$6,474,720
X-4 Accounts receivableStart of year $230,976$340,415
X-9 Prepaid expenses and deferred chargesStart of year $275,760$234,667
X-10c Land, buildings and equipment, netStart of year $20,023,556$18,841,053
X-11 Publicly traded securitiesStart of year $28,627,598$25,500,894
X-12 Other securitiesStart of year $3,410,431$3,316,277
X-15 Other assetsStart of year $17,013,984$16,115,191
X-16 Total assetsStart of year $620,933,965$590,203,667
X-17 Accounts payable and accrued expensesStart of year $3,623,938$3,665,643
X-25 Other liabilitiesStart of year $567,176,602$541,913,140
X-26 Total liabilitiesStart of year $573,550,540$545,578,783
X-32 Total net assets or fund balancesStart of year $47,383,425$44,624,884
X-33 Total liabilities and net assetsStart of year $620,933,965$590,203,667
Part XI · Reconciliation of net assets $44,624,884 net assets at year end
XI-1 Total revenue$47,979,281
XI-2 Total expenses$51,072,086
XI-3 Revenue less expenses−$3,092,805
XI-4 Net assets at start of year$47,383,425
XI-5 Net unrealized gains (losses) on investments$327,918
XI-9 Other changes in net assets$6,346
XI-10 Net assets at end of year$44,624,884

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.