Travis County Credit Union
- Assets
- $40.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Austin, TX
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 74-1261718
Organization Overview
Travis County Credit Union is located in Austin, TX. The organization was established in 1976. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Travis County Credit Union employed 16 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Travis County 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, Travis County Credit Union generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTARY COOPERATIVE NON-PROFIT SAVINGS INSTITUTION (CREDIT UNION) INCORPORATED UNDER THE PROVISION OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG THEIR MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY COOPERATIVE NON-PROFIT SAVINGS INSTITUTION INCORPORATED UNDER THE PROVISION OF THE TEXAS CREDIT UNION ACT FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG THEIR MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Quezada President / CEO | Officer | 50 | $91,732 |
Georgina Lepe VP Of Operations | Officer | 40 | $66,241 |
Paul Maley VP Of Lending | Officer | 40 | $64,987 |
Michael Lang Treasurer | Trustee | 1 | $0 |
Diana Landry Director | Trustee | 1 | $0 |
Texanna Davis Membership Officer | Trustee | 1 | $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 | $1,499,988 |
| Investment income | $83,801 |
| 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 | $1,583,789 |
| 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. | $268,658 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,593 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $17,024 |
| Office expenses | $465,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,565 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,084 |
| Total functional expenses | $1,353,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,323,054 |
| Savings and temporary cash investments | $12,286,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,108 |
| Loans from Officers, Directors, or Controlling Persons | $1,513,341 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,965,573 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $111,257 |
| Net Land, buildings, and equipment | $1,109,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,319,005 |
| Accounts payable and accrued expenses | $413,941 |
| 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 | $817,965 |
| Other liabilities | $0 |
| Total liabilities | $1,231,906 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $36,025,145 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,061,954 |
| Total liabilities and net assets/fund balances | $40,319,005 |
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