Caprock Sante Fe Credit Union
- Assets
- $52.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Slaton, TX
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 75-0921163
Organization Overview
Caprock Sante Fe Credit Union is located in Slaton, 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, Caprock Sante Fe Credit Union employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Caprock Sante Fe 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, Caprock Sante Fe Credit Union generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
THE CREDIT UNION WAS ESTABLISHED TO PROVIDE QUALITY FINANCIAL SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION SERVED ITS MEMBERSHIP BY HOLDING DEPOSITS FOR AND MAKING LOANS TO ITS APPROXIMATELY 4,657 MEMBERS WHO COMPRISED 8,523 DIFFERENT ACCOUNTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Marie Wright President/ceo | Officer | 40 | $120,212 |
Wdsims Chairman | OfficerTrustee | 1 | $0 |
Mickey Cole Vice Chairman | OfficerTrustee | 2 | $0 |
Juanita Heathington Sec/treas | OfficerTrustee | 2 | $0 |
Mike Green Board Member | Trustee | 2 | $0 |
Keith Creager Board Member | Trustee | 2 | $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 | $1,807,563 |
| Investment income | $181,124 |
| 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 | $2,176,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,375 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,349 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $186,813 |
| Payroll taxes | $35,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,514 |
| Advertising and promotion | $13,237 |
| Office expenses | $53,127 |
| Information technology | $52,022 |
| Royalties | $0 |
| Occupancy | $58,753 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,135 |
| Interest | $154,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,371 |
| Insurance | $19,706 |
| All other expenses | $0 |
| Total functional expenses | $1,271,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,697 |
| Savings and temporary cash investments | $33,669,443 |
| 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 | $17,319,292 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,976 |
| Net Land, buildings, and equipment | $505,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,938 |
| Total assets | $52,253,077 |
| Accounts payable and accrued expenses | $188,665 |
| 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 | $34,960,874 |
| Total liabilities | $35,149,539 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $371,287 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,732,251 |
| Total liabilities and net assets/fund balances | $52,253,077 |
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