TEXAS DOW EMPLOYEES CREDIT UNION: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- TEXAS DOW EMPLOYEES CREDIT UNION (EIN 74-1260543)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202503219349316640
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T15:00:29-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 994260840 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DOEREN MAYHEW | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8785 SW 165TH AVENUE SUITE 303 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33193 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 741260543 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TEXAS DOW EMPLOYEES CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TEXA | BusinessNameControlTxt |
| Phone | 9792485633 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 POST OAK BLVD STE 2100 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77056 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JASON SCHNEIDER | PersonNm |
| Person Title | SVP & CFO | PersonTitleTxt |
| Phone | 9792485633 | PhoneNum |
| Signature | 2025-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AUBREY CLEGG | PreparerPersonNm |
| PTIN | P01076395 | PTIN |
| Phone | 3052328272 | PhoneNum |
| Preparation | 2025-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | ISAAC JOHNSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 POST OAK BLVD STE 2100 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77056 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $359,913,647 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TDECU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 1070 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $6,518,489 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $304,387,311 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $303,568,991 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,317,712 | PYInvestmentIncomeAmt |
| CY Investment Income | $19,219,070 | CYInvestmentIncomeAmt |
| PY Other Revenue | $35,033,487 | PYOtherRevenueAmt |
| CY Other Revenue | $35,154,285 | CYOtherRevenueAmt |
| PY Total Revenue | $348,738,510 | PYTotalRevenueAmt |
| CY Total Revenue | $357,942,346 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $695,001 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $665,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $100,864,090 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $98,067,869 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $214,284,205 | PYOtherExpensesAmt |
| CY Other Expenses | $252,580,160 | CYOtherExpensesAmt |
| PY Total Expenses | $315,843,296 | PYTotalExpensesAmt |
| CY Total Expenses | $351,313,029 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $32,895,214 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,629,317 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,690,360,790 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,768,473,410 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,224,946,932 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,295,787,319 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $465,413,858 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $472,686,091 | NetAssetsOrFundBalancesEOYAmt |
| Mission | INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | TDECU IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WITH MORE THAN 381,000 MEMBERS. THROUGHOUT THEIR MEMBER SERVICE LOCATIONS, TDECU OFFERS A COMPLETE SELECTION OF CONVENIENT AND COMPETITIVE PRODUCTS AND SERVICES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TDECU'S MISSION IS TO HELP PEOPLE NAVIGATE THEIR FINANCIAL JOURNEYS. TDECU IS DRIVEN BY A MISSION OF PEOPLE HELPING PEOPLE. CREDIT UNIONS WERE CREATED SO MEMBERS COULD INVEST THEIR SAVINGS TOGETHER, LEND TO ONE ANOTHER, AND OWN A PART IN THE ORGANIZATION - A TRUE DEFINITION OF PEOPLE HELPING PEOPLE. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TDECU SUPPORTS INITIATIVES THAT HELP LOCAL COMMUNITIES THRIVE THROUGH A FOCUS ON EDUCATIONAL, HEALTH, AND ECONOMIC DEVELOPMENT ALL OF WHICH FORM THE TDECU COMMUNITY ENGAGEMENT PLATFORM. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 175892 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1070 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JASON SCHNEIDER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9792485633 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 POST OAK BLVD STE 2100 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77056 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ADAM CHIBIB | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $75,500 | $0 | $0 | ||||
| DANIEL L BUCHE | |||||||||
| BOD VICE CHAIRPERSON | 2.50 | Yes (X) | $73,340 | $0 | $0 | ||||
| DAVID SIKORA | |||||||||
| BOD MEMBER | 5.00 | Yes (X) | $481,000 | $0 | $0 | ||||
| EDWARD L ZINGLEMAN | |||||||||
| BOD TREASURER | 2.50 | Yes (X) | $66,249 | $0 | $0 | ||||
| ELIZABETH RICHMOND KILLINGER | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $89,500 | $0 | $0 | ||||
| GREGORY MONTANA | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $110,542 | $0 | $0 | ||||
| IRAK ULISES ROSAS | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $16,000 | $0 | $0 | ||||
| JACK M ANTONINI | |||||||||
| HOLDINGS BOARD MEMBER | 1.00 | Yes (X) | $21,687 | $0 | $0 | 2.50 | |||
| LAVONNE BURKE | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $66,500 | $0 | $0 | ||||
| LYNDEN B ROSE | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $90,500 | $0 | $0 | ||||
| PEGGY MILTENBERGER | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $143,500 | $0 | $0 | ||||
| ROBERT B BALDWIN III | |||||||||
| HOLDINGS BOARD MEMBER | 1.00 | Yes (X) | $23,773 | $0 | $0 | 2.50 | |||
| ROLAND K HENDRICKS | |||||||||
| BOD CHAIRPERSON | 2.50 | Yes (X) | $96,237 | $0 | $0 | ||||
| JEFFREY R HARDER | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $6,000 | $0 | $0 | ||||
| DICK SMITH | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $120,000 | $0 | $0 | ||||
| FRANK COE | |||||||||
| BOD MEMBER | 2.50 | Yes (X) | $90,000 | $0 | $0 | ||||
| ISAAC JOHNSON | |||||||||
| PRESIDENT AND CHIEF EXECUTIVE OFFICER | 40.00 | $1,151,863 | $0 | $584,617 | Yes (X) | ||||
| JASON SCHNEIDER | |||||||||
| CHIEF FINANCE OFFICER | 40.00 | $531,318 | $0 | $267,618 | Yes (X) | ||||
| JOSE DELGADO | |||||||||
| CHIEF BANKING OFFICER | 40.00 | $785,012 | $0 | $36,137 | Yes (X) | ||||
| ASHISH CHOPRA | |||||||||
| CHIEF INFORMATION AND TECHNOLOGY OFFICER | 40.00 | $536,836 | $0 | $112,741 | Yes (X) | ||||
| MICHAEL MASSEY | |||||||||
| HOLDINGS PRESIDENT AND SVP TDECU | 1.00 | $496,659 | $0 | $246,554 | 40.00 | Yes (X) | |||
| QIARA SUGGS | |||||||||
| CHIEF HUMAN CAPITAL OFFICER | 40.00 | $455,928 | $0 | $238,984 | Yes (X) | ||||
| APARNA DAVE | |||||||||
| CHIEF LEGAL OFFICER | 40.00 | $423,637 | $0 | $133,219 | Yes (X) | ||||
| SHEILUDIS MOYETT | |||||||||
| CHIEF MARKETING AND DIGITAL OFFICER | 40.00 | $406,569 | $0 | $219,529 | Yes (X) | ||||
| JOSHUA BRIAN | |||||||||
| CHIEF GROWTH OFFICER | 40.00 | $350,978 | $0 | $124,306 | Yes (X) | ||||
| ANTHONY WARDEN | |||||||||
| SVP - MEMBER EXPERIENCE | 40.00 | $387,501 | $0 | $198,706 | Yes (X) | ||||
| SETH PAYNE | |||||||||
| VP - ASSOCIATE GENERAL COUNSEL - LITIGATION | 40.00 | $343,975 | $0 | $56,097 | Yes (X) | ||||
| JANET PRUITT | |||||||||
| CHIEF AUDIT OFFICER | 40.00 | $361,413 | $0 | $66,629 | Yes (X) | ||||
| BRANDY PHILLIPS | |||||||||
| SVP - OPERATIONS | 40.00 | $333,325 | $0 | $147,176 | Yes (X) | ||||
| PAUL WATSON | |||||||||
| SVP - COMMERCIAL LENDING | 40.00 | $342,449 | $0 | $107,647 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,477,791 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,539,960 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 206 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VISA | |||||
| 900 METRO CENTER BLVD | FOSTER CITY | CA | 94404 | VISA DPS | $9,410,797 |
| PSCU | |||||
| 560 CARILLON PARKWAY | ST PETERSBURG | FL | 33716 | CALL CENTER, STATEMENT PROCESSING, INCET | $9,028,422 |
| BUCEES | |||||
| 327 FM 2004 | LAKE JACKSON | TX | 77566 | FUEL DISCOUNTS/CC INTERCHANGE/ATM TRANSA | $2,627,301 |
| LANVERA LTD | |||||
| 112 WRANGLER DRIVE STE 150 | COPPELL | TX | 75019 | MONTHLY NOTICES/FORMS/ESTATEMENTS | $2,541,027 |
| CARDTRONICS | |||||
| 2050 WEST SAM HOUSTON PARKWAY SOUTH | HOUSTON | TX | 77042 | ATMS PROVIDED BY CARDTRONICS WITH TDECU | $1,919,289 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 40 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $256,408,850 | $256,408,850 | |
| FEE INCOME | 522100 | $29,224,691 | $29,224,691 | |
| OTHER OPERATING INCOME | 522100 | $11,416,961 | $11,416,961 | |
| FINANCE AND INSURANCE | 520000 | $6,511,495 | $6,511,495 | |
| INCOME FROM CUSO (FUTUREDGE, LLC) | 540000 | $6,994 | $6,994 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $303,568,991 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,259,958 | TotalRevenueColumnAmt |
| Exclusion | $19,259,958 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $205,800 | SecuritiesAmt |
| Other | $1,724,613 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $375,050 | SecuritiesAmt |
| Other | $1,596,251 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$169,250 | SecuritiesAmt |
| Other | $128,362 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$40,888 | TotalRevenueColumnAmt |
| Exclusion | -$40,888 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTERCHANGE INCOME | 522100 | $33,915,537 | $33,915,537 |
| LOAN SERVICING INCOME | 522100 | $1,238,748 | $1,238,748 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $35,154,285 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $357,942,346 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $332,204,787 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,518,489 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,219,070 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $665,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,672,833 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,357,255 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,551,749 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,251,459 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,234,573 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,385,537 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,507 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,429,417 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,690,761 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,586,278 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,491,567 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,842,459 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,818,458 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,132 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,220,332 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,258,553 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $779,287 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION LOAN LOSSES | $52,839,980 |
| OTHER SERVICES EXPENSES | $38,570,449 |
| LOAN SERVICING | $6,105,351 |
| MISCELLANEOUS EXPENSES | $960,045 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,047 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $351,313,029 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,736,092 | BOYAmt |
| EOY | $15,486,470 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,045,675 | BOYAmt |
| EOY | $335,897,059 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,745,473 | BOYAmt |
| EOY | $20,739,877 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,582,406 | BOYAmt |
| EOY | $4,594,282 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,194,879,846 | BOYAmt |
| EOY | $4,154,447,576 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,360,170 | BOYAmt |
| EOY | $8,377,917 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $115,740,186 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $62,617,533 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,251,210 | BOYAmt |
| EOY | $53,122,653 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,716,062 | BOYAmt |
| EOY | $35,342,956 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,831,462 | BOYAmt |
| EOY | $31,111,873 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,504,800 | BOYAmt |
| EOY | $18,963,346 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,707,594 | BOYAmt |
| EOY | $90,389,401 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,690,360,790 | BOYAmt |
| EOY | $4,768,473,410 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,315,702 | BOYAmt |
| EOY | $60,353,340 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,712,500 | BOYAmt |
| EOY | $1,235,294 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,373,526 | BOYAmt |
| EOY | $11,203,575 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $309,973,900 | BOYAmt |
| EOY | $221,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,810,571,304 | BOYAmt |
| EOY | $4,001,995,110 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,224,946,932 | BOYAmt |
| EOY | $4,295,787,319 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $465,413,858 | BOYAmt |
| EOY | $472,686,091 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $465,413,858 | BOYAmt |
| EOY | $472,686,091 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,690,360,790 | BOYAmt |
| EOY | $4,768,473,410 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $6,629,317 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $642,916 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,704,012 | OtherCostOrOtherBasisAmt |
| Book Value | $21,704,012 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,856,556 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,253,936 | DepreciationAmt |
| Book Value | $22,602,620 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,276,673 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,804,300 | DepreciationAmt |
| Book Value | $1,472,373 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,099,627 | OtherCostOrOtherBasisAmt |
| Depreciation | $32,908,765 | DepreciationAmt |
| Book Value | $7,190,862 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $803,318 | OtherCostOrOtherBasisAmt |
| Depreciation | $650,532 | DepreciationAmt |
| Book Value | $152,786 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $53,122,653 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| CERTIFICATES OF DEPOSIT | $1,395,303,547 |
| CLUB ACCOUNTS | $69,883,384 |
| IRA SAVINGS | $25,814,181 |
| MONEY MARKET | $267,278,963 |
| REGULAR SHARES | $1,099,371,272 |
| SHARE DRAFTS | $1,144,343,763 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,001,995,110 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | CUSTODIAL FUNDS IN ESCROW REPRESENT PAYMENTS FOR PRINCIPAL AND INTEREST, AS WELL AS FOR TAXES AND INSURANCE. THESE AMOUNTS ARE HELD IN ESCROW, WITH A CORRESPONDING LIABILITY RECORDED UNTIL THE DATE THAT SUCH FUNDS ARE RELEASED BY THE CREDIT UNION FOR THEIR INTENDED PURPOSE. THE AUDITED FINANCIAL STATEMENT OFFSETS THE ESCROW AND AGENCY FUNDS BY THE AMOUNT OF THE SEGREGATED SPECIAL BANK ACCOUNTS AND EXCLUDES THOSE ACCOUNTS FROM CORPORATE ASSETS. THIS RETURN INCLUDES THE SEGREGATED CASH ACCOUNTS IN FORM 990, PART X ON LINES 1 AND 2 AND DISCLOSES THE ESCROW ACCOUNT BALANCES ON LINE 21. |
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. TDECU HOLDINGS, L.L.C., TDECU INSURANCE AGENCY, L.L.C., LOAN ORIGINATION ACQUISITION NETWORK, L.L.C., AND FUTUREDGE L.L.C. ARE ORGANIZED AS LIMITED LIABILITY COMPANIES IN ACCORDANCE WITH TEXAS LAW. A LIMITED LIABILITY COMPANY IS TAXED UNDER PARTNERSHIP TAX RULES. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES IN THE CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME SINCE INCOME IS TAXED AT THE INDIVIDUAL MEMBER LEVEL. STATE FRANCHISE TAX APPLIES TO TDECU INSURANCE AGENCY, L.L.C., FUTUREDGE L.L.C., AND LOAN ORIGINATION ACQUISITION NETWORK, L.L.C., WHICH IS INCLUDED IN OTHER EXPENSES ON THE CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME. IN LIEU OF FEDERAL INCOME TAXES, THE MEMBERS OF A LIMITED LIABILITY COMPANY ARE TAXED ON THEIR PROPORTIONATE SHARE OF THE COMPANY'S TAXABLE INCOME. ACCORDINGLY, NO FEDERAL TAX PROVISION OR LIABILITY HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TDECU CARES FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14141 SW FWY STE 300 | AddressLine1Txt |
| City | SUGAR LAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77478 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 920808347 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $665,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | FOUNDATION CONTRIBUTION TO HELP PEOPLE NAVIGATE THEIR FINANCIAL JOURNEYS, ANDCOMMIT TO EXTENDING THE MISSION TO ENHANCE THE WELL-BEING OF OUR BROADER COMMUNITY. | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | AT THE END OF EACH CALENDAR YEAR, GRANT AWARDEES MUST COMPLETE A STEWARDSHIP REPORT FOR THE TDECU CARES FOUNDATION. IN THIS REPORT THEY LET THE FOUNDATION KNOW IF THEY USED THE FUNDS THE WAY THEY SAID THEY WOULD, IF THEY IMPACTED THE NUMBER OF PEOPLE THEY SAID THEY WOULD, AND IF THEY DIDN'T WHY NOT. AT THIS TIME, THEY CAN ALSO REPORT PROGRAM OUTCOMES AND SUBMIT PICTURES. THIS REPORT IS DUE IN EARLY JANUARY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ISAAC JOHNSON | ||||||||||||||
| PRESIDENT AND CHIEF EXECUTIVE OFFICE | $816,454 | $0 | $325,722 | $0 | $9,687 | $0 | $546,300 | $0 | $38,317 | $0 | $1,736,480 | $0 | $0 | $0 |
| JOSE DELGADO | ||||||||||||||
| CHIEF BANKING OFFICER | $232,632 | $0 | $99,528 | $0 | $452,852 | $0 | $19,934 | $0 | $16,203 | $0 | $821,149 | $0 | $0 | $0 |
| JASON SCHNEIDER | ||||||||||||||
| CHIEF FINANCE OFFICER | $416,553 | $0 | $114,765 | $0 | $0 | $0 | $228,973 | $0 | $38,645 | $0 | $798,936 | $0 | $0 | $0 |
| MICHAEL MASSEY | ||||||||||||||
| HOLDINGS PRESIDENT AND SVP TDECU | $367,184 | $0 | $129,200 | $0 | $275 | $0 | $200,050 | $0 | $46,504 | $0 | $743,213 | $0 | $0 | $0 |
| QIARA SUGGS | ||||||||||||||
| CHIEF HUMAN CAPITAL OFFICER | $345,236 | $0 | $110,400 | $0 | $292 | $0 | $195,316 | $0 | $43,668 | $0 | $694,912 | $0 | $0 | $0 |
| ASHISH CHOPRA | ||||||||||||||
| CHIEF INFORMATION AND TECHNOLOGY OFF | $411,930 | $0 | $124,800 | $0 | $106 | $0 | $97,412 | $0 | $15,329 | $0 | $649,577 | $0 | $0 | $0 |
| SHEILUDIS MOYETT | ||||||||||||||
| CHIEF MARKETING AND DIGITAL OFFICER | $312,809 | $0 | $93,600 | $0 | $160 | $0 | $179,715 | $0 | $39,814 | $0 | $626,098 | $0 | $0 | $0 |
| ANTHONY WARDEN | ||||||||||||||
| SVP - MEMBER EXPERIENCE | $299,663 | $0 | $87,738 | $0 | $100 | $0 | $170,479 | $0 | $28,227 | $0 | $586,207 | $0 | $0 | $0 |
| APARNA DAVE | ||||||||||||||
| CHIEF LEGAL OFFICER | $384,751 | $0 | $38,795 | $0 | $91 | $0 | $99,842 | $0 | $33,377 | $0 | $556,856 | $0 | $0 | $0 |
| DAVID SIKORA | ||||||||||||||
| BOD MEMBER | $481,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $481,000 | $0 | $0 | $0 |
| BRANDY PHILLIPS | ||||||||||||||
| SVP - OPERATIONS | $268,320 | $0 | $65,000 | $0 | $5 | $0 | $118,802 | $0 | $28,374 | $0 | $480,501 | $0 | $0 | $0 |
| JOSHUA BRIAN | ||||||||||||||
| CHIEF GROWTH OFFICER | $287,964 | $0 | $62,564 | $0 | $450 | $0 | $99,825 | $0 | $24,481 | $0 | $475,284 | $0 | $0 | $0 |
| PAUL WATSON | ||||||||||||||
| SVP - COMMERCIAL LENDING | $273,699 | $0 | $68,750 | $0 | $0 | $0 | $67,622 | $0 | $40,025 | $0 | $450,096 | $0 | $0 | $0 |
| JANET PRUITT | ||||||||||||||
| CHIEF AUDIT OFFICER | $279,038 | $0 | $82,350 | $0 | $25 | $0 | $49,937 | $0 | $16,692 | $0 | $428,042 | $0 | $0 | $0 |
| SETH PAYNE | ||||||||||||||
| VP - ASSOCIATE GENERAL COUNSEL - LIT | $250,767 | $0 | $49,612 | $0 | $43,596 | $0 | $53,104 | $0 | $2,993 | $0 | $400,072 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE ORGANIZATION GROSSED UP PAYMENTS THAT ARE OUT OF THE ORDINARY (E.G. SERVICE AWARDS, RELOCATION, ETC.) SO THAT THE PAYMENT WILL BE TAX-NEUTRAL TO THE RECIPIENT. THE ORGANIZATION HAS A POLICY FOR EXPENSE REIMBURSEMENTS AND REQUIRES RECEIPTS AND PROOF OF EXPENSES PRIOR TO REIMBURSING. |
| PART I, LINES 4A-B | JOSE DELGADO: $452,852 THE CEO, ISAAC JOHNSON, PARTICIPATES IN A LOAN REGIME SPLIT DOLLAR ARRANGEMENT WHEREBY HE AND THE CREDIT UNION JOINTLY OWN A LIFE INSURANCE POLICY WITH THE EXECUTIVE AS THE FIRST NAMED OWNER. ALTHOUGH THE IRS REQUIRES REPORTING IN SCHEDULE L, PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ISAAC JOHNSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | CEO | RelationshipWithOrgTxt |
| Loan Purpose | SPLIT DOLLAR | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $1,950,000 | OriginalPrincipalAmt |
| Balance Due | $4,594,282 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $4,594,282 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCH L, PART II | FormAndLineReferenceDesc |
| Explanation | THE CEO, ISAAC JOHNSON, PARTICIPATES IN A LOAN REGIME SPLIT DOLLAR ARRANGEMENT WHEREBY HE AND THE CREDIT UNION JOINTLY OWN A LIFE INSURANCE POLICY WITH THE EXECUTIVE AS THE FIRST NAMED OWNER. ALTHOUGH THE IRS REQUIRES REPORTING IN SCHEDULE L, PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALL MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ELECTION OF THE GOVERNING BODY. MEMBERS DO NOT HAVE THE RIGHT TO APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. ALL MEMBERS RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE BOARD OF DIRECTORS BY THE USE OF ELECTRONIC DEVICE, ABSENTEE BALLOT OR MAIL BALLOT. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TAX RETURN WILL BE REVIEWED BY THE SVP/CFO AND CONTROLLER. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL OFFICERS, DIRECTORS AND MANAGERS MUST REPORT ANNUAL ACKNOWLEDGEMENT OF ANY POTENTIAL CONFLICT OF INTEREST AS INDICATED BY TDECU'S BUSINESS ETHICS POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION PROCESS FOR THE CEO INCLUDES A COMPENSATION REVIEW THAT IS CONDUCTED BY AN OUTSIDE CONSULTANT USING EXTERNAL MARKET DATA. THE RESULTS ARE SUBMITTED TO A COMPENSATION COMMITTEE THAT THEN REVIEWS AND RECOMMENDS PAY ADJUSTMENTS BASED ON MARKET AND CEO PERFORMANCE. THE COMPENSATION COMMMITTEE IS COMPRISED OF BOARD MEMBERS. THE COMPENSATION PROCESS FOR TOP MANAGEMENT INCLUDES A COMPENSATION REVIEW THAT IS CONDUCTED BY AN OUTSIDE CONSULTANT USING EXTERNAL MARKET DATA. THE RESULTS ARE SUBMITTED TO CEO AND SVPS FOR REVIEW AND RECOMMENDATIONS ON PAY ADJUSTMENTS BASED ON MARKET POSITION AND PERFORMANCE. AT RISK PAY IS REVIEWED AND APPROVED BY THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | MONTHLY FINANCIAL STATEMENTS ARE PUBLICLY DISPLAYED IN EACH BRANCH OFFICE. ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON REQUEST BY ANY MEMBER. |
| FORM 990, PART IX, LINE 11G | OTHER PROFESSIONAL SERVICES 376,822. PROFESSIONAL & OUTSIDE SERVICES 12,052,595. |
| FORM 990, PART IX, LINE 24E | DUES AND UBSCRIPTIONS 386,047. |
| FORM 990, PART XII, LINE 2C | THE PROCESS BY WHICH THE AUDIT COMMITTEE OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| BRAZORIA COUNTY BUSINESS CENTER DRIVE LLC | |||||||||
| 2500 FANNIN ST | HOUSTON | TX | 77056 | 843393843 | CORPORATE ACTIVITY | TX | $0 | $0 | TEXAS DOW EMPLOYEES CREDIT UNION |
| LOAN ORIGINATION ACQUISITION NETWORK LLC | |||||||||
| 2000 POST OAK BLVD STE 2100 | HOUSTON | TX | 77056 | 462758520 | CONSULTING | TX | $0 | $0 | TEXAS DOW EMPLOYEES CREDIT UNION |
| TDECU HOLDINGS LLC | |||||||||
| 2000 POST OAK BLVD STE 2100 | HOUSTON | TX | 77056 | 453582513 | HOLDING COMPANY | TX | $0 | $9,797,305 | TEXAS DOW EMPLOYEES CREDIT UNION |
| TDECU INSURANCE AGENCY LLC | |||||||||
| 2000 POST OAK BLVD STE 2100 | HOUSTON | TX | 77056 | 260901021 | INSURANCE AGENCY | TX | $5,922,875 | $5,957,170 | TDECU HOLDINGS LLC |
| TDECU WEALTH ADVISORS LLC | |||||||||
| 2000 POST OAK BLVD STE 2100 | HOUSTON | TX | 77056 | 453581914 | MANAGEMENT | TX | $0 | $0 | TEXAS DOW EMPLOYEES CREDIT UNION |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TDECU CARES FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14141 SOUTHWEST FWY | AddressLine1Txt |
| City | SUGAR LAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77478 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 920808347 | EIN |
| Primary Activities | CHARITABLE FOUNDATION | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | PF | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TEXAS DOW EMPLOYEES CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FUTUREDGE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 POST OAK BLVD STE 2100 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77056 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 933212126 | EIN |
| Primary Activities | ROBOTIC PROCESS AUTOMATION | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TDECU HOLDINGS LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | UNRELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $6,785 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $76,258 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.55000 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| TDECU CARES FOUNDATION | ||
| B | $665,000 | ACCRUAL |
| TDECU CARES FOUNDATION | ||
| O | $241,957 | ESTIMATE |