Texell Credit Union

Organization Overview

Texell Credit Union is located in Temple, TX. The organization was established in 1976. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Texell Credit Union employed 262 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Texell Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Texell Credit Union generated $32.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $25.6m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COOPERATIVE, MEMBER-OWNED PROVIDER OF FINANCIAL SERVICES FOR OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE CHECKING ACCOUNTS WITH VARYING FEATURES AND ASSOCIATED SERVICES TO OUR MEMBERS.


PROVIDE CONSUMER LOANS OF ALL TYPES AND RELATED SERVICES TO OUR MEMBERS


PROVIDE SHARE SAVINGS ACCOUNTS WHICH PAY MONTHLY DIVIDENDS TO OUR MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Tony Hale
President/ceo
$477,346
Amy Merriman
COO
$233,329
Anthony Rodgers
General Counsel
$208,612
Richard Silvers
VP Technology Innovation
$179,615
Mary Ann Nickolai
VP Marketing
$165,634
Michael Gonzalez
Lending Consultant
$161,232

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Haddon & Cowan
Architect
$566,048
Jack Henry And Associates Inc
Core System Provider
$532,636
Lamar
Marketing
$308,662
Amplifi Loyalty Solutions
Card Services
$233,224
Lanerva Ltd
Mass Mail Provider
$242,671
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$32,194,957
Investment income $313,614
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $136,971
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,645,542

Peer Organizations

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