Access Community Credit Union
- Assets
- $156.3m
- Revenue
- $9.3m
- Investments
- $3.3m
- Employees
- 89
- Location
- Amarillo, TX
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 75-0870689
Organization Overview
Access Community Credit Union is located in Amarillo, 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, Access Community Credit Union employed 89 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Access Community 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, Access Community Credit Union generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 8.0% 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
COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES, INCLUDING SAVINGS AND BORROWING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY, COOPERATIVE, NON-PROFIT SAVINGS INSTITUTION (CREDIT UNION), INCORPORATED UNDER THE PROVISIONS 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 |
|---|---|---|---|
John Hays Presidentceo | Officer | 40 | $234,801 |
Brad Dewey Executive Vice Presidentcfo | Officer | 40 | $182,611 |
Crissy Aleman Vice President Mortgage Lend | 40 | $154,156 | |
Jason Felty Vice President Business Lend | 40 | $133,668 | |
Shawna Bachman Avp Mortgage Lending | 40 | $125,003 | |
Keith Hubbard Vice President Service & Sal | 40 | $114,582 |
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 | $9,257,063 |
| Investment income | $32,322 |
| 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 | $9,305,960 |
| 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. | $443,402 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,826,041 |
| Pension plan accruals and contributions | $47,969 |
| Other employee benefits | $303,612 |
| Payroll taxes | $227,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,890 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,568 |
| Advertising and promotion | $295,833 |
| Office expenses | $367,961 |
| Information technology | $1,103,800 |
| Royalties | $0 |
| Occupancy | $305,537 |
| Travel | $1,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,190 |
| Interest | $561,062 |
| Payments to affiliates | $71,502 |
| Depreciation, depletion, and amortization | $264,642 |
| Insurance | $21,365 |
| All other expenses | $499,363 |
| Total functional expenses | $7,732,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,422,515 |
| Savings and temporary cash investments | $6,806,113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $136,411,392 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $266,468 |
| Net Land, buildings, and equipment | $5,506,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,284,693 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,574,673 |
| Total assets | $156,272,170 |
| Accounts payable and accrued expenses | $2,208,629 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $91,323 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,595,258 |
| Total liabilities | $135,895,210 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $19,996,325 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $380,635 |
| Total liabilities and net assets/fund balances | $156,272,170 |
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