Baptist Credit Union
- Assets
- $48.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 27
- Location
- San Antonio, TX
- Founding
- 01/1960
- Data as of
- 12/2023
- EIN
- 74-1300807
Organization Overview
Baptist Credit Union is located in San Antonio, TX. The organization was established in 1960. 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 12/2023, Baptist Credit Union employed 27 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Baptist 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 12/2023, Baptist Credit Union generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BAPTIST CREDIT UNION EXISTS TO IMPROVE MEMBER'S LIVES THROUGH EXTRAORDINARY SERVICE, QUALITY FINANCIAL PRODUCTS AND SERVICES, PERSONAL FINANCIAL EDUCATION, AND A LONG TERM RELATIONSHIP WITH THE CU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST CREDIT UNION OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITIVE RATES
BAPTIST CREDIT UNION OFFERS DEPOSIT PRODUCTS AT COMPETITIVE RATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Foegelle Board Chair | OfficerTrustee | 0.5 | $0 |
Anna Flores Vice Chair | OfficerTrustee | 0.5 | $0 |
Emily Tarin Secretary | OfficerTrustee | 0.5 | $0 |
Robert Scofield Treasurrer | OfficerTrustee | 0.5 | $0 |
Keith Crouch Member | Trustee | 0.5 | $0 |
Ward Hays Member | Trustee | 0.5 | $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 | $2,913,588 |
| Investment income | $335,947 |
| 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 | $3,249,535 |
| 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. | $269,295 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $739,542 |
| Pension plan accruals and contributions | $74,701 |
| Other employee benefits | $330,323 |
| Payroll taxes | $85,860 |
| 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 | $36,145 |
| Office expenses | $460,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,627 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,596 |
| Interest | $172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,090 |
| Insurance | $53,765 |
| All other expenses | $731,197 |
| Total functional expenses | $3,074,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $664,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580,629 |
| Loans from Officers, Directors, or Controlling Persons | $890,717 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,005,301 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $103,954 |
| Net Land, buildings, and equipment | $367,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,667,351 |
| Intangible assets | $0 |
| Other assets | $537,520 |
| Total assets | $48,818,218 |
| Accounts payable and accrued expenses | $227,347 |
| 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 | $44,630,771 |
| Total liabilities | $44,858,118 |
| 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 | $3,960,100 |
| Total liabilities and net assets/fund balances | $48,818,218 |