Fellowship Credit Union
- Assets
- $17.8m
- Revenue
- $773.1k
- Investments
- $0.0
- Employees
- 5
- Location
- San Antonio, TX
- Founding
- Data as of
- 12/2018
- EIN
- 74-1147936
Organization Overview
Fellowship Credit Union is located in San Antonio, TX. As of 12/2018, Fellowship Credit Union employed 5 individuals. Fellowship 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 12/2018, Fellowship Credit Union generated $773.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.7m during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON-PROFIT SAVINGS INSTITUTION, INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION. THE CREDIT UNION OFFERS PRODUCTS AND SERVICES IN THREE PRIMARY AREAS: SHARE ACCOUNTS, CHECKING ACCOUNTS, AND LOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP CRERDIT UNION SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 1,837 MEMBER-OWNED SHARE ACOUNTS ON DECEMBER 31, 2018. MEMBER SAVING ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACESS THROUGH INTERNET HOME BANKING, ATM'S AND TELEPHONE. THE CREDIT UNION ALSO OFFERS MOBILE BANKING FOR THE BENEFIT OF ITS MEMBERSHIP. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.
FELLOWSHIP CREDIT UNION HAS PROVIDED LOANS TO ITS MEMBERS SINCE ITS INCEPTION IN 1941. THE LOAN PRODUCTS INCLUDE EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS AT VERY COMPETITIVE RATES FOR AUTOMOBILES, RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES THE CREDIT UION HAD 478 PERSONAL CONSUMER LOANS AS OF DECEMBER 31, 2018 AND CONSUMER LIFE AND DISABIITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. THE CREDIT UNION ALSO HAD 24 MORTGAGE LOANS AS OF DECEMBER 31, 2018.
CREDIT UNION OFFERS ITS MEMBERS A VARIETY OF CHECKING ACCOUNTS, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS, SUCH AS MONTHLY DIVIDENDS. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS BY OFFERING FREE EMV CHIP CARDS (ALL DEBIT CARDS WERE SWITCHED TO EMV CHIP CARDS IN 2016) AS WELL AS INTERNET ACCOUNT ACCESS AND FREE BILL PAYMENT SERVICES. THE CREDIT UNION HAD 636 MEMBER CHECKING ACCOUNTS AS OF DECEMBER 31, 2018 AND ALSO MANAGES AN OVERDRAFT PRIVILEGE PROGRAM TO BENEFIT ITS MEMBERS. A VISA CREDIT CARD PROGRAM IS ALSO MAINTINED, WITH 275 APPROVED ACCOUNTS AS OF DECEMBER 31, 2018.
NO OTHER EXEMPT PURPOSE ACCOMPLISHMENTS OTHER THAN THOSE LISTED ON FORM 990, PART III.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Jones Treasurer/pr | OfficerTrustee | 40 | $159,166 |
Raymond Sczepanik Vice Chairma | OfficerTrustee | 1 | $5,550 |
William V Hartman Chairman | OfficerTrustee | 1 | $5,550 |
Sharon Dresch Director | Trustee | 1 | $3,050 |
Edna Geckler Secretary | OfficerTrustee | 1 | $1,550 |
Albert Pawly III Director | Trustee | 1 | $1,550 |
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 | $618,220 |
| Investment income | $154,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $773,113 |
| 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 | $1,910,320 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,055 |
| Pension plan accruals and contributions | $37,022 |
| Other employee benefits | $53,408 |
| Payroll taxes | $26,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,918 |
| Advertising and promotion | $4,159 |
| Office expenses | $51,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,666 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,297 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,786 |
| Insurance | $20,582 |
| All other expenses | $25,484 |
| Total functional expenses | $2,711,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,399,416 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,256 |
| Net Land, buildings, and equipment | $179,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,099,474 |
| Intangible assets | $0 |
| Other assets | $28,857 |
| Total assets | $17,780,948 |
| Accounts payable and accrued expenses | $13,635 |
| 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 | $15,091,658 |
| Total liabilities | $15,105,293 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,675,655 |
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