Community Resource Credit Union

Organization Overview

Community Resource Credit Union is located in Baytown, 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, Community Resource Credit Union employed 235 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community Resource 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, Community Resource Credit Union generated $43.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $33.6m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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 HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP PROVIDING EXCEPTIONAL SERVICE & QUALITY PRODUCTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHARE ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 52,862 MEMBER-OWNED ACCOUNTS ON DECEMBER 31, 2021. MEMBER SAVING ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATMS WORLDWIDE.


CHECKING ACCOUNTS - COMMUNITY RESOURCE CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES; FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. DIVIDENDS ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARD AND INTERNET ACCOUNT ACCESS.


MEMBER LOANS - COMMUNITY RESOURCE CREDIT UNION PROVIDES VEHICLE LOANS AND MORTGAGES. WE ALSO OFFER EXCEPTIONAL INTEREST RATES ON LOANS FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Russell Ballard
President/ceo
$381,979
Travis Smith
VP Financial Advisor
$345,884
Deena Smith
Cfo/svp
$236,381
Charles Hast
Clo/svp
$197,770
Brenda Weinberger
Cio/svp
$196,914
Tamara Hudson
Coo/svp
$190,392

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Worldpay Llc
Debit & Credit Card Processor
$1,291,518
Jack Henry & Associates Inc
Software & Software Mgt
$430,610
Temenos Usa Inc
Loan Origination System
$828,634
Ncr Corporation
Mobile/home Banking
$1,116,252
Lanvera
E-statements, Stmts & Tax Forms
$332,840
View All Vendors

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$41,399,724
Investment income $855,366
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,642
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,169,320

Peer Organizations

Organization NameAssets
Ttcu Federal Credit Union
Tulsa, OK
$123,227,030
Credit Union Of Texas
Allen, TX
$114,589,686
First Community Credit Union Of Houston
Houston, TX
$83,936,302
Texas Trust Credit Union
Arlington, TX
$77,667,084
Intouch Credit Union
Plano, TX
$47,406,759
State Chartered Credit Unions In Louisiana
Baton Rouge, LA
$59,950,337
Firstmark Credit Union
San Antonio, TX
$50,715,745
True Sky Credit Union
Oklahoma City, OK
$47,281,663
United Heritage Credit Union
Austin, TX
$55,051,200
First Service Credit Union
Houston, TX
$54,328,304
Neighborhood Credit Union
Dallas, TX
$52,511,237
Velocity Credit Union
Austin, TX
$65,298,866

Create an account to unlock the data you need.

or