Associated Credit Union Of Texas

Organization Overview

Associated Credit Union Of Texas is located in League City, 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 12/2022, Associated Credit Union Of Texas employed 215 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Associated Credit Union Of Texas 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 12/2022, Associated Credit Union Of Texas generated $34.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $31.7m during the year ending 12/2022. While expenses have increased by 3.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OFFER PROGRESSIVE, QUALITY FINANCIAL SERVICES RESPONSIVE TO THE MEMBERS/OWNERS. THE CREDIT UNION IS DEDICATED TO PROVIDING THESE SERVICES IN A CARING, PROFESSIONAL MANNER WHILE MAINTAING A STRONG FINANCIAL BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVIDENDS PAID TO MEMBERS


ALL CREDIT UNION FUNCTIONS


NONE


NONE


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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$25,006,850
Investment income $1,540,938
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 -$183,518
Miscellaneous Revenue$0
Total Revenue $33,960,014

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