Mobiloil Credit Union
- Assets
- $1.1b
- Revenue
- $14.4m
- Investments
- $8.9m
- Employees
- 320
- Location
- Beaumont, TX
- Founding
- Data as of
- 12/2022
- EIN
- 74-1115584
Organization Overview
Mobiloil Credit Union is located in Beaumont, TX. As of 12/2022, Mobiloil Credit Union employed 320 individuals. Mobiloil Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH PEOPLE'S LIVES ONE EXPERIENCE AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETS THE FINANCIAL NEEDS OF ITS MEMBERS BY OFFERING LOANS, DEPOSITS, AND OTHER FINANCIAL PRODUCTS.
OFFERS AUTOMATED TELLER MACHINES, DEBIT CARDS, MONEY ORDERS, CHECK CASHING, TRAVELERS CHECKS, OVERDRAFT PROTECTION/COURTESY PAY, BILL PAY, AND VARIOUS INSURANCE AND INVESTMENT PROGRAMS.
PROVIDES FINANCIAL EDUCATION BY OFFERING FINANCIAL HEALTH SEMINARS AND SERVICES SUCH AS CREDIT SCORE ANALYSIS, CAR BUYING 101, BUDGET PLANNING AND MORE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Waldrop Chairman | OfficerTrustee | 1 | $0 |
Richard Hegele 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Tony Lucenti 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Paul Wheelington Secretary/treasurer | OfficerTrustee | 1 | $0 |
Richard D Newton Supervisory Committee Chair | OfficerTrustee | 1 | $0 |
Cody Burrell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gerald Condon Properties Ltd General Contractor | 12/30/22 | $1,328,209 |
Ncr Online & Mobile Banking | 12/30/22 | $1,971,433 |
Softchoice Corp Cloud Services | 12/30/22 | $430,524 |
Jack Henry & Associates Core System | 12/30/22 | $929,449 |
Discovery Information Technologies Inc Data And Communications | 12/30/22 | $265,277 |
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 | $12,784,589 |
| Investment income | $1,544,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,775 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,392,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,389 |
| 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. | $422,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,317,657 |
| Pension plan accruals and contributions | $101,372 |
| Other employee benefits | $967,296 |
| Payroll taxes | $245,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,942 |
| Fees for services: Accounting | $32,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,765 |
| Advertising and promotion | $319,904 |
| Office expenses | $2,228,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $436,551 |
| Travel | $24,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$42,839 |
| Interest | $1,627,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448,125 |
| Insurance | $60,331 |
| All other expenses | $0 |
| Total functional expenses | $11,759,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,844,808 |
| Savings and temporary cash investments | $77,662,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,195 |
| Loans from Officers, Directors, or Controlling Persons | $3,913,325 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $791,288,767 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,525,380 |
| Net Land, buildings, and equipment | $41,719,695 |
| Investments—publicly traded securities | $102,771,599 |
| Investments—other securities | $8,876,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,139,160 |
| Total assets | $1,069,968,872 |
| Accounts payable and accrued expenses | $12,234,988 |
| Grants payable | $0 |
| Deferred revenue | $13,511 |
| 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 | $919,761,059 |
| Total liabilities | $932,009,558 |
| 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 | $137,959,314 |
| Total liabilities and net assets/fund balances | $1,069,968,872 |