Plus4 Credit Union

Organization Overview

Plus4 Credit Union is located in Houston, 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, Plus4 Credit Union employed 62 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Plus4 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, Plus4 Credit Union generated $9.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE BANKING AND LOAN SERVICES TO MEMBERS IN ORDER TO INVEST IN PEOPLE AND IMPROVE LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHARE ACCOUNTS: SHARE ACCOUNTS ARE OFFERED TO MEMBERS AND PAY MONTHLY DIVIDENDS. ACCESS IF OFFERED THROUGH BRANCH LOCATIONS, INTERNET, ATM'S, AND TELEPHONE. SPECIAL ACCOUNTS DESIGNED FOR CHILDREN AND ADOLESCENTS ENCOURAGE DEVELOPMENT OF CONSISTENT SAVINGS HABIT.


CHECKING ACCOUNTS: CHECKING ACCOUNTS ARE OFFERED TO MEMBERS AND GENERALLY PAY MONTHLY DIVIDENDS. ACCESS IF OFFERED THROUGH BRANCH LOCATIONS, INTERNET, ATM'S, AND TELEPHONE. FREE DEBIT CARDS ARE OFFERED AND ON-LINE AND MOBILE BANKING FEATURES ARE PROVIDED.


CONSUMER LOANS: CONSUMER LOANS ARE OFFERED TO MEMBERS FOR AUTOS, RECREATIONAL VEHICLES, HOME EQUITY, CREDIT CARD, AND PERSONAL LOANS. CONSUMER LIFE AND DISABILITY INSURANCE ARE AVAILABLE ON ANY OF THESE PRODUCTS.


OTHER SERVICES OFFERED TO MEMBERS ARE MORTGAGE LOANS, MONEY ORDERS, CASHIERS CHECKS AND WIRE TRANSFERS.


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Board, Officers & Key Employees

Name (title)Compensation
Vladmir Stark
CEO Retired
$155,935
Daniel Caldwell
CFO
$116,829
Teri Edenfield
Vice President Of Operations
$101,645
Malcolm Rene
CEO
$90,000
Wendell Greanleaf
Chairman
$6,000
Ed Martindale
Vice-Chair
$6,000

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$9,243,875
Investment income $112,769
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 $9,356,644

Peer Organizations

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