Why Credit Union of Texas
FY2024 · Form 990Its mission and biggest programs, as filedOffers loans, leases, and savings accounts to members.
- Consumer and commercial loans and leases: Credit Union of Texas offers various consumer loan products to our members. These are closed-end loans that include new and used automobiles, motorcycles, boats and recreational vehicles and motor homes as well as unsecured…
- Certificates of deposits (cds) and individual retirement account certificates (iras): Credit Union of Texas offers cds and iras for our members to invest in both short and long term investment vehicles at a guaranteed rate of return. Interest rates are…
- Share accounts: Credit Union of Texas has a minimum $5.00 share account balance requirement and a one time $10.00 membership fee. Member share accounts may pay a monthly dividend. These "savings" accounts are paid a competitive rate to benefit our…
Before you apply
FY2024 · Form 990Independent: from IRS data, not the orgPays its leaders
$292K–$2.1M
12 officers reported
Fine: from the org's Form 990.
Pt VII · Sec A
Budget
$208.8M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Staff
701
employees
10 volunteers
Fine: from the org's Form 990.
Pt I · Ln 5–6
Surplus or deficit
+4%
of revenue, FY2024
Looks good: revenue was at least expenses in the latest filing.
Pt I · Ln 19
Cash reserves
11 mo
of spending, in cash and securities
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
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
IRS status
501(c)(14)
tax-exempt since 1976
Looks good: listed by the IRS.
IRS BMF
Looks goodFineWorth a lookConcernTap a box for the reason.
About the role
The org's own posting, as writtenThe Loss Mitigation Representative proactively manages delinquent and at-risk auto loan accounts on behalf of Credit Union of Texas, with the goal of preventing repossession where possible, protecting CUTX's collateral position when not, and resolving bankruptcy, charge-off, and legal-recovery matters in a manner consistent with state and federal law and CUTX member values. The role combines member-facing negotiation, skip tracing, repossession placement and oversight, bankruptcy administration, third-party agency management, and post-charge-off recovery, and uses CUTX-approved AI and analytics tools to prioritize accounts, recommend workout options, and support documentation.
About Credit Union of Texas
From its Form 990- Budget $218.1M
- Staff 701 · founded 1931
- Pays its leaders $292K–$2.1M (12 reported)
- Open jobs 18 · Jobs at Credit Union of Texas · Full 990 report