American Baptist Association Credit Union

Organization Overview

American Baptist Association Credit Union is located in Angleton, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Baptist Association 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, American Baptist Association Credit Union generated $85.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $78.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO ENCOURAGE THRIFT AMOUNGST IT'S MEMBERS PROVIDE CREDIT AS A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDE AN OPPORTUNITY TO IMPROVE MEMBER'S ECONOMIC CONDITION

Describe the Organization's Program Activity:

Part 3 - Line 4a

INTEREST ON LOANS


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Board, Officers & Key Employees

Name (title)Compensation
Mark Smith
Board Member
$0
David Taylor
Director
$0
Kenneth Myrick
Board Member
$0
Wanda Adams
Audit Committee
$0
Julie Knight
President
$31,202
Harold Bostick
Board Member
$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$69,924
Investment income $15,218
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 $85,142

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