Dallas U P Employees Credit Union is located in Dallas, 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, Dallas U P Employees Credit Union employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Dallas U P Employees 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, Dallas U P Employees Credit Union generated $961.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $969.4k during the year ending 12/2021. While expenses have increased by 2.8% 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
VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION (CREDIT UNION) INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG OUR MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEREST EARNED ON LOANS 111000REGULAR FEES, CHARGES AND OTHER OPERATING INCOME 122000, 131000, 131200, 152000
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rosalyn Boldin President And CEO | Officer | 45 | $120,439 |
Donald Seeger Treasurer CFO Board Member | OfficerTrustee | 45 | $76,310 |
Kevin Cook Board Member And Employee | Trustee | 45 | $71,991 |
Tom Kelly Vice Chairman | OfficerTrustee | 5 | $0 |
Pam Stokes Board Member | OfficerTrustee | 5 | $0 |
Doug Stokes Chairman | OfficerTrustee | 5 | $0 |
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 | $814,677 |
Investment income | $146,329 |
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 | $961,006 |
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 | $327,275 |
Compensation of current officers, directors, key employees. | $302,688 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $6,000 |
Other employee benefits | $120,508 |
Payroll taxes | $23,513 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $7,772 |
Fees for services: Other | $0 |
Advertising and promotion | $1,121 |
Office expenses | $39,812 |
Information technology | $33,227 |
Royalties | $0 |
Occupancy | $15,853 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $6 |
Payments to affiliates | $12,610 |
Depreciation, depletion, and amortization | $4,992 |
Insurance | $19,580 |
All other expenses | $58,482 |
Total functional expenses | $969,397 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $67,026 |
Savings and temporary cash investments | $2,396,447 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $278,088 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $12,229,224 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $12,125 |
Net Land, buildings, and equipment | $5,416 |
Investments—publicly traded securities | $10,913,000 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $224,577 |
Total assets | $26,125,903 |
Accounts payable and accrued expenses | $21,148,797 |
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 | $0 |
Total liabilities | $21,148,797 |
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 | $4,977,106 |
Total liabilities and net assets/fund balances | $26,125,903 |
Organization Name | Assets | Revenue |
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Intouch Credit Union Plano, TX | $1,046,983,946 | $47,406,759 |
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Firstmark Credit Union San Antonio, TX | $1,229,967,544 | $50,715,745 |
True Sky Credit Union Oklahoma City, OK | $831,301,668 | $47,281,663 |
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