Unity One Credit Union
- Assets
- $307.1m
- Revenue
- $12.2m
- Investments
- $53.0m
- Employees
- 98
- Location
- Fort Worth, TX
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 41-0447515
Organization Overview
Unity One Credit Union is located in Fort Worth, TX. The organization was established in 1976. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Unity One Credit Union employed 98 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Unity One 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, Unity One Credit Union generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $10.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS: PROVIDING CONSUMER LOANS OF ALL TYPES, INCLUDING VEHICLE LOANS, UNSECURED LOANS, AND CREDIT CARDS. ALSO OFFERING RESIDENTIAL MORTGAGES AND SMALL BUSINESS LOANS.
SHARE SAVINGS ACCOUNTS: PROVIDING SHARE SAVINGS ACCOUNTS TO MEMBERS, OFFERING SPECIAL SHARE SAVINGS ACCOUNTS TO MINORS.
CHECKING ACCOUNTS: PROVIDING CHECKING ACCOUNTS WITH VARYING FEATURES. OFFERING BENEFITS SUCH AS ATM ACCESS, DEBIT CARDS AS WELL AS ON-LINE BENEFITS SUCH AS BILL PAYING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Williams President/ceo | Officer | 40 | $328,344 |
Scott Ward Evp/coo | Officer | 40 | $227,468 |
Beth Peters VP Lending | Officer | 40 | $125,900 |
Eric Hohler VP Finance | Officer | 40 | $124,888 |
Nathan Webb VP Technology | 40 | $111,902 | |
Vincent Accardo Chairman Of The Board | OfficerTrustee | 3 | $0 |
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 | $11,279,167 |
| Investment income | $762,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,588 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,333 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,194,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $945,248 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $3,125,785 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $124,492 |
| Other employee benefits | $632,593 |
| Payroll taxes | $260,014 |
| Fees for services: Management | $20,104 |
| Fees for services: Legal | $5,420 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,546,040 |
| Advertising and promotion | $0 |
| Office expenses | $906,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $501,781 |
| Travel | $5,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,586 |
| Insurance | $2,433 |
| All other expenses | $157,287 |
| Total functional expenses | $10,387,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $647,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,200,422 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,959,171 |
| Investments—publicly traded securities | $91,026,580 |
| Investments—other securities | $53,044,936 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,228,742 |
| Total assets | $307,107,463 |
| Accounts payable and accrued expenses | $312,659 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $286,993,086 |
| Total liabilities | $287,305,745 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,801,718 |
| Total liabilities and net assets/fund balances | $307,107,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Oaks Country Club Houston, TX | $73,616,610 | $29,469,284 |
San Antonio Country Club San Antonio, TX | $32,771,937 | $23,788,660 |
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |
Dallas Petroleum Club Dallas, TX | $6,437,336 | $6,134,462 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |