Credit Union of Texas
Nonprofit profile at a glance
- EIN
- 750225045
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024, Form 990-N 2007
- Location
- Allen, TX, USA
- Phone
- +1 214-818-3231
- Rating confidence
- Limited
Reported finances
- Revenue
- $218,115,019
- Expenses
- $208,767,480
- Assets
- $2,541,111,199
- Liabilities
- $2,357,400,807
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- VANCE E POINTER (PRESIDENT AND CEO)
- BARRY R SMITH (PRESIDENT EASTERN TEXAS)
- JAMES T PACE (VICE PRESIDENT - COLLECTIONS)
- RICHARD B WHITMAN (PRESIDENT - TML)
Highest reported compensation
- VANCE E POINTER (PRESIDENT AND CEO): $2,463,963 total reported compensation
- COURTNEY L COSS (CHIEF RETAIL OFFICER): $705,377 total reported compensation
- KERRY J WHITSON (CHIEF FINANCIAL OFFICER): $697,182 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Experience more everything—more service, more value, and more solutions to your financial needs. Credit Union of Texas supports educational and scholastic initiatives across the entire Dallas community by hosting and sponsoring numerous events and fundraisers benefiting schools, community non-profits, special needs groups, and first responders. Want to request a donation or sponsorship for your organization's event? Simply fill out the Sponsorship and Donations application. REQUEST A CONTRIBUTION SPECIAL PROGRAMS & DISCOUNTS. The responsibility for the successful operation of CUTX is vested in a volunteer Board of Directors elected from the membership each year at CUTX's Annual Meeting. CUTX is owned by its members and is operated in accordance with the laws governing credit unions in the State of Texas. As a member, your deposits are federally insured by the National Credit Union...
What it reported doing in 2024
Share accounts: credit union of Texas has a minimum $5.00 share account balance requirement and a one time $10.00 membership fee. Member share accounts may pay a monthly dividend. These "savings" accounts are paid a competitive rate to benefit our members. Credit union of Texas had approximately 169,000 members as of december 31, 2024. Special share accounts are available for children, special occasions, and holiday savings.
Operating model
- Revenue model
- Earned-program. 92% 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: 91
- Accountability: 95
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 6th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- 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: 97.7%; rating input score 98; 33rd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.3%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 12.17; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.93; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 13.6% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 10% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 56th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 11 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $2.5M · 27 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.4M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 31 filed money-flow records
- Related organizations: 9 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 18/100.