Community Resource Credit Union

Nonprofit profile at a glance

EIN
741109927
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Baytown, TX, USA
Phone
2814223611
Rating confidence
Limited

Official website

Reported finances

Revenue
$67,415,325
Expenses
$60,587,487
Assets
$895,067,097
Liabilities
$814,574,378

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • RUSSELL BALLARD (PRESIDENT/CEO)

Highest reported compensation

  • RUSSELL BALLARD (PRESIDENT/CEO): $1,213,900 total reported compensation
  • BRENDA WEINBERGER (EVP): $515,838 total reported compensation
  • TAMMY LOCKETTE (SVP, CIO): $478,226 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help our members achieve financial well-being, through a lifetime partnership providing exceptional service & quality products.

What it reported doing in 2024

Checking accounts - community resource credit union provides different checking accounts to members with different features. The range varies from free checking accounts to checking accounts with enhanced benefits. Dividends are paid monthly. The credit union extends the utility of these accounts to all members with free debit card and internet and mobile account access.

Operating model

Revenue model
Earned-program. 89% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 95
  • Accountability: 82
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.1%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 14.77; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.91; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 8 of 8 board members independent · 5 of 9 filing controls reported
  • Programs: 5 filed program accomplishments
  • Leadership: top reported pay $1.2M · 19 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.6M reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.