Service 1st Credit Union

Organization Overview

Service 1st Credit Union is located in Greenville, 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, Service 1st Credit Union employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Service 1st 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, Service 1st Credit Union generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 2.9% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A LIFELONG COMMITMENT OF QUALITY FINANCIAL SERVICES TO THE MEMBERSHIP OF THE CREDIT UNION

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVICE 1ST CREDIT UNION, INCURRED EXPENSES AS A VOLUNTARY NON-PROFIT SAVINGS INSTITUTION 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 TO THE MEMBERSHIP; AND PROVIDING AN OPPORTUNITY FOR MEMBERS TO IMPROVE THEIR ECONOMIC CONDITION.


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Board, Officers & Key Employees

Name (title)Compensation
Sherri Houston
President
$133,751
Crystal Holmden
Manager
$47,634
Mike Glenday
Director
$0
Ross Mcclain
Director
$0
Fred Hite Jr
Vice Chairman
$0
Joann East
Secretary/treas
$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$1,933,941
Investment income $140,450
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 $2,074,391

Peer Organizations

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