Angelina County Teachers Credit Union
- Assets
- $14.3m
- Revenue
- $441.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Lufkin, TX
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 75-0960075
Organization Overview
Angelina County Teachers Credit Union is located in Lufkin, 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, Angelina County Teachers Credit Union employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Angelina County Teachers 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, Angelina County Teachers Credit Union generated $441.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $463.4k during the year ending 12/2022. While expenses have increased by 2.4% 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
TO PROVIDE SAFE, SOUND, AND COMPETITIVE FINANCIAL SERVICES TO OUR MEMBERS WHO SHARE A COMMON BOND. TO REMAIN COMMITTED TO THE PHILOSOPHY OF HELPING OUR MEMBERS IN A RESPONSIBLE, CARING, AND PROFESSIONAL MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCIAL SERVICES TO APPROXIMATELY 1,800 MEMBERS FROM EIGHT (8) DIFFERENT SCHOOLS IN ANGELINA COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Davis President/ce | Officer | 35 | $65,881 |
Stephen Rhoades Chairman | OfficerTrustee | 1 | $0 |
Shawn Ricks Vice Chairma | OfficerTrustee | 1 | $0 |
Leslie Ashby Secretary | OfficerTrustee | 1 | $0 |
Sylvia Weathers Director | Trustee | 1 | $0 |
Joe Martinez Director | Trustee | 1 | $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 | $441,880 |
| Investment income | $0 |
| 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 | $441,880 |
| 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. | $65,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,970 |
| Pension plan accruals and contributions | $29,895 |
| Other employee benefits | $38,932 |
| Payroll taxes | $12,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $69,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,045 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250 |
| Insurance | $0 |
| All other expenses | $26,196 |
| Total functional expenses | $463,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,026,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,784 |
| Net Land, buildings, and equipment | $64,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,124,276 |
| Total assets | $14,349,866 |
| Accounts payable and accrued expenses | $31,014 |
| 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 | $12,498,356 |
| Total liabilities | $12,529,370 |
| 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 | $1,820,496 |
| Total liabilities and net assets/fund balances | $14,349,866 |