Dallas U P Employees Credit Union
- Assets
- $26.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Dallas, TX
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 75-1042040
Organization Overview
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 12/2022, 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 12/2022, Dallas U P Employees Credit Union generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $902.8k during the year ending 12/2022. While expenses have increased by 1.5% 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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosalyn Boldin President And CEO | Officer | 45 | $118,444 |
Donald Seeger Treasurer CFO Board Member | OfficerTrustee | 45 | $73,781 |
Kevin Cook Board Member And Employee | OfficerTrustee | 45 | $72,561 |
Kevin Van Sickle Board Member | Trustee | 1 | $0 |
Glyn Coffey Board Member | Trustee | 1 | $0 |
Barry Metcalf Board Member | 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 | $951,696 |
| Investment income | $191,817 |
| 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 | $1,143,513 |
| 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 | $339,230 |
| Compensation of current officers, directors, key employees. | $315,085 |
| 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 | $126,474 |
| Payroll taxes | $24,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,545 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,645 |
| Office expenses | $51,827 |
| Information technology | $18,506 |
| Royalties | $0 |
| Occupancy | $23,245 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,650 |
| Interest | $10 |
| Payments to affiliates | $13,834 |
| Depreciation, depletion, and amortization | $6,617 |
| Insurance | $20,707 |
| All other expenses | $47,545 |
| Total functional expenses | $902,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,255 |
| Savings and temporary cash investments | $1,746,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $342,909 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,923,120 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,995 |
| Net Land, buildings, and equipment | $3,665 |
| Investments—publicly traded securities | $10,456,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,844 |
| Total assets | $26,787,168 |
| Accounts payable and accrued expenses | $21,569,305 |
| 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 | $21,569,305 |
| 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 | $5,217,863 |
| Total liabilities and net assets/fund balances | $26,787,168 |