Cen Tex Mfg Credit Union
- Assets
- $13.6m
- Revenue
- $854.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Brownwood, TX
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 75-1679844
Organization Overview
Cen Tex Mfg Credit Union is located in Brownwood, 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, Cen Tex Mfg Credit Union employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cen Tex Mfg 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, Cen Tex Mfg Credit Union generated $854.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $566.0k during the year ending 12/2021. 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
COOPERATIVE PROVIDER OF CREDIT UNION SERVICES SUCH AS SAVINGS ACCOUNTS, CHECKING ACCOUNTS AND CONSUMER LOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARE ACCOUNTS - MEMBER SHARE ACCOUNTS PAY DIVIDENDS QUARTERLY
CONSUMER LOANS- THE CREDIT UNION PROVIDES LOANS FOR AUTOS, MOTORCYCLES, SHARE SECURED AND UNSECURED LOANS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine Daniel Treasurer | OfficerTrustee | 1 | $0 |
Dan Garza Chairman | OfficerTrustee | 1 | $0 |
Dona Delso Secretary | OfficerTrustee | 1 | $0 |
Larry Sutton Vice Chairman | OfficerTrustee | 1 | $0 |
Danny Griffin Director | Trustee | 1 | $0 |
Jason Duncan 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 | $850,194 |
| Investment income | $4,417 |
| 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 | $854,611 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,616 |
| Pension plan accruals and contributions | $9,780 |
| Other employee benefits | $20,659 |
| Payroll taxes | $15,177 |
| Fees for services: Management | $3,878 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,718 |
| Advertising and promotion | $5,106 |
| Office expenses | $50,767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,917 |
| Travel | $1,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $98,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,436 |
| All other expenses | $30,434 |
| Total functional expenses | $566,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,860,166 |
| Savings and temporary cash investments | $240,000 |
| 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 | $9,178,118 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,281 |
| Net Land, buildings, and equipment | $1,134,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,594 |
| Total assets | $13,575,913 |
| Accounts payable and accrued expenses | $78,311 |
| 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 | $11,012,462 |
| Total liabilities | $11,090,773 |
| 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 | $2,485,140 |
| Total liabilities and net assets/fund balances | $13,575,913 |
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