Mobility Credit Union FY2023 filing

Not tax-deductible

Irving, TXMutual-benefit / member-servingSince 1965EIN 75-1248359Revenue $19.9M in FY2023

On file with the IRS8384 N Belt Line Rd, 75063-6006 · Irving, TXTax-exempt since Jun 1976

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Providing personal financial service and value to members. These services include banking, loans, and investments.

100¢ of each $1 spent went to programs.
$694K 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
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
5 of 6
filings with a surplus
Average surplus $1.5M a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$694K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$346.9M
92% of total assets
Concern: liabilities are 92% 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
$19.9M
+32% vs prior year
Spent
$19.4M
To programs
100%
Net assets
$30.0M
By yearFY2020–FY2025
Revenue
$19.9M
FY2023▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.8M
FY2021$12.8M
FY2022$15.0M
FY2023$19.9M
FY2024$22.1M
FY2025$21.9M
Expenses
$19.4M
FY2023▲ +84%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$8.2M
FY2022$10.5M
FY2023$19.4M
FY2024$25.1M
FY2025$21.8M
Net assets
$30.0M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.7M
FY2021$25.0M
FY2022$29.3M
FY2023$30.0M
FY2024$27.3M
FY2025$27.6M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
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% · $19.4M

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

10 people listed on the 990; $694K paid to officers and key staff.

Part VII, Section A · reportable compensation
$340,412Pt VII · Sec A
$213,824Pt VII · Sec A
SVP/Controller
$139,523Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ron Perry$360,174$382,874$340,412$327,319$297,429$273,731
Steve Martin$233,618$233,312$213,824$203,632$216,966$211,000
Chris Hutado$149,740$137,367————
Linda Howard$147,368$147,164————
Chelly Clanton$105,435$110,371$139,523$134,805——
Suzanne Behling$132,732$135,666————
Jason Sims————$116,615—
Justin Stuart$108,736$109,544————

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
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Offers banking, loans, and investments to members for their financial well-being.

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Provided by the organization

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3 programs · in their own filed words · FY2023
01

Consumer Loans and Credit Cards The credit union offers consumer loans to include automobiles, recreational vehicles, equipment, and unsecured loan products to members. The credit union also offers a visa credit card to members. All loan products offer reasonable rates with different methods of payback for members.

Pt IX · col B
02

Checking Accounts The credit union provides checking accounts for members to access with various features. We offer free checking , as well as accounts that pay dividends. These accounts come with free bill pay, a free debit card, access to free shared branching facilities, and surcharge free ATM's nationwide.

Pt IX · col B
03

Share Accounts The credit union offers services to members of all ages. The number includes basic shares and share accounts designed for holiday and vacation savings. These accounts can be accessed by homebanking, audio repsonse, and a free debit card.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$19.9M
Ln 12
Fees for servicesLn 2g$19.6M
Investment incomeLn 3$354K
Money outPt IX
$19.4M
Ln 25
Programscol B$19.4M
Owns and owesPt X
$30.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$376.9M
LiabilitiesLn 26$346.9M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$19.6M
Investment incomeLn 3$354K
Total revenueLn 12$19.9M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$6.7M
Land, buildings, equipmentLn 10c$5.4M
Other assetsLn 15$10.6M
Total assetsLn 16$376.9M
LiabilitiesLn 26$346.9M
Net assetsLn 32$30.0M
OperationsPt I, VI
EmployeesI 552
VolunteersI 69
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 FY23End FY23
Cash and savingsLn 1–2$1.8M$1.6M
InvestmentsLn 11–13$3.0M$6.7M
Land, buildings, equipmentLn 10c$5.8M$5.4M
Total assetsLn 16$380.5M$376.9M
LiabilitiesLn 26$351.2M$346.9M
Net assetsLn 32$29.3M$30.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$694K$694K$0$0
Other salaries and wagesLn 7$1.4M$1.4M$0$0
Other employee benefitsLn 9$818K$818K$0$0
Other fees for servicesLn 11g$557K$557K$0$0
Advertising and promotionLn 12$233K$233K$0$0
Office expensesLn 13$2.3M$2.3M$0$0
OccupancyLn 16$596K$596K$0$0
Conferences, conventions and meetingsLn 19$99K$99K$0$0
InterestLn 20$467K$467K$0$0
InsuranceLn 23$2K$2K$0$0
Other expenses (24a–d)Ln 24$12.1M$12.1M$0$0
All other expensesLn 24e$77K$77K$0$0
Total functional expensesLn 25$19.4M$19.4M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.9M$21.8M$147K$27.6M 990 PDF
FY2024 $22.1M$25.1M−$3.0M$27.3M 990 PDF
FY2023 Viewing $19.9M$19.4M$518K$30.0M 990 PDF
FY2022 $15.0M$10.5M$4.5M$29.3M 990 PDF
FY2021 $12.8M$8.2M$4.6M$25.0M 990 PDF
FY2020 $11.8M$9.6M$2.2M$19.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $19,906,163 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $15,002,617$19,552,242
I-10 Investment incomePrior year $46,278$353,921
I-11 Other revenue$0
I-12 Total revenuePrior year $15,048,895$19,906,163
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,257,117$2,956,488
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,254,994$16,431,672
I-18 Total expensesPrior year $10,512,111$19,388,160
I-19 Revenue less expensesPrior year $4,536,784$518,003
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 $19,906,163 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $12,090 · Excluded from tax $0$19,552,242
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$353,921
VIII-12 Total revenueRelated to mission $19,894,073 · Unrelated business $12,090 · Excluded from tax $0$19,906,163
Part IX · Statement of functional expenses $19,388,160 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $693,759 · Management $0 · Fundraising $0$693,759
IX-7 Other salaries and wagesPrograms $1,444,510 · Management $0 · Fundraising $0$1,444,510
IX-9 Other employee benefitsPrograms $818,219 · Management $0 · Fundraising $0$818,219
IX-11g Other fees for servicesPrograms $556,630 · Management $0 · Fundraising $0$556,630
IX-12 Advertising and promotionPrograms $233,419 · Management $0 · Fundraising $0$233,419
IX-13 Office expensesPrograms $2,332,038 · Management $0 · Fundraising $0$2,332,038
IX-16 OccupancyPrograms $595,552 · Management $0 · Fundraising $0$595,552
IX-19 Conferences, conventions and meetingsPrograms $98,929 · Management $0 · Fundraising $0$98,929
IX-20 InterestPrograms $467,024 · Management $0 · Fundraising $0$467,024
IX-23 InsurancePrograms $1,523 · Management $0 · Fundraising $0$1,523
IX-24 Other expenses (24a–d)Programs $12,069,736 · Management $0 · Fundraising $0$12,069,736
IX-24e All other expensesPrograms $76,821 · Management $0 · Fundraising $0$76,821
IX-25 Total functional expensesPrograms $19,388,160 · Management $0 · Fundraising $0$19,388,160
Part X · Balance sheet $376,890,924 assets, 12 lines filed
Asset lines not itemized here account for $351,102,502; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,842,028$1,568,187
X-4 Accounts receivableStart of year $490,432$55,627
X-9 Prepaid expenses and deferred chargesStart of year $1,221,880$1,509,625
X-10c Land, buildings and equipment, netStart of year $5,806,140$5,423,645
X-12 Other securitiesStart of year $2,965,204$6,654,351
X-15 Other assetsStart of year $8,094,232$10,576,987
X-16 Total assetsStart of year $380,471,243$376,890,924
X-17 Accounts payable and accrued expensesStart of year $582,871$697,760
X-25 Other liabilitiesStart of year $296,956,954$344,472,471
X-26 Total liabilitiesStart of year $351,201,692$346,920,231
X-32 Total net assets or fund balancesStart of year $29,269,551$29,970,693
X-33 Total liabilities and net assetsStart of year $380,471,243$376,890,924
Part XI · Reconciliation of net assets $29,970,693 net assets at year end
XI-1 Total revenue$19,906,163
XI-2 Total expenses$19,388,160
XI-3 Revenue less expenses$518,003
XI-4 Net assets at start of year$29,269,551
XI-5 Net unrealized gains (losses) on investments$412,780
XI-9 Other changes in net assets−$229,641
XI-10 Net assets at end of year$29,970,693

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

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