Community Service Credit Union
- Assets
- $134.6m
- Revenue
- $8.9m
- Investments
- $9.3m
- Employees
- 40
- Location
- Huntsville, TX
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 74-1478219
Organization Overview
Community Service Credit Union is located in Huntsville, 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, Community Service Credit Union employed 40 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Service 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 12/2022, Community Service Credit Union generated $8.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION, CHARTERED BY THE STATE OF TEXAS, WITH DEPOSITS INSURED BY THE NATIONAL CREDIT UNION ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP ACCOUNTS, THE CREDIT UNION HAS MEMBER OWNER ACCOUNTS ON DECEMBER 31, 2022. ACCOUNTS PAY DIVIDENDS MONTHLY. ACCESS IS AVAILABLE THROUGH BRANCH NETWORK, ONLINE BANKING, MOBILE BANKING, TELEPHONE AND ATM'S. SAVING AND GENERAL FINANCIAL EDUCATION IS OFFERED TO MEMBERS AND NON MEMBERS, ESPECIALLY TO THE YOUTH OF THE COMMUNITY.
CHECKING ACCOUNTS, THE CREDIT UNION PROVIDES ACCOUNTS WITH VARIOUS FEATURES INCLUDING FREE CHECKING ACCOUNTS, ALL ELECTRONIC ACCESS ACCOUNTS AND SOME OPTIONS THAT PAY INTEREST. THE CREDIT UNION PROVIDES EDUCATION ON ACCOUNT MANAGEMENT AND SAFETY.
CONSUMER LOANS, THE CREDIT UNION PROVIDES PERSONAL LOANS AS WELL AS FLEXIBLE OFFERINGS ON ATV'S, BOATS, AUTO'S, RV'S AND MOTORCYCLES, MORTGAGES AND LAND/LOT LOANS. THE CREDIT UNION ALSO EDUCATES MEMBERS HOW TO BUILD STRONG CREDIT EXPERIENCE AND HOW TO USE CREDIT WISELY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Hooker Chief Executive Officer | Officer | 45 | $210,415 |
Patsy Lindamood Chief Financial Officer | Officer | 45 | $186,392 |
John Hendrick Chief Lending Officer | Officer | 40 | $167,953 |
Carol Sullivan Senior Loan Officer | 40 | $105,624 | |
Jennifer Goodall Chief Operations Officer | Officer | 40 | $104,828 |
Mary Dye Chief Risk Officer | Officer | 40 | $95,139 |
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 | $8,720,051 |
| Investment income | $222,693 |
| 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 | $8,942,744 |
| 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. | $870,352 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,357,846 |
| Pension plan accruals and contributions | $141,157 |
| Other employee benefits | $331,594 |
| Payroll taxes | $189,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,375 |
| Fees for services: Accounting | $125,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,200 |
| Fees for services: Other | $2,043,438 |
| Advertising and promotion | $238,947 |
| Office expenses | $175,057 |
| Information technology | $716,677 |
| Royalties | $0 |
| Occupancy | $225,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,948 |
| Interest | $247,902 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,072 |
| Insurance | $83,538 |
| All other expenses | $0 |
| Total functional expenses | $8,368,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,024,223 |
| Savings and temporary cash investments | $4,225,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $444,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $104,317,055 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $875,174 |
| Net Land, buildings, and equipment | $4,297,396 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,338,778 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,078,914 |
| Total assets | $134,601,898 |
| Accounts payable and accrued expenses | $5,704,397 |
| 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 | $115,410,394 |
| Total liabilities | $121,114,791 |
| 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 | $13,487,107 |
| Total liabilities and net assets/fund balances | $134,601,898 |
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