Navy Army Community Credit Union

Navy Army Community Credit Union Overview

Navy Army Community Credit Union is located in Corpus Christi, 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 12/2018, Navy Army Community Credit Union employed 653 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Navy Army Community 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 12/2019, Navy Army Community Credit Union generated $192.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $156.0m during the year ending 12/2019. While expenses have increased by 8.3% 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NAVY ARMY COMMUNITY CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO MEMBERS. WE PROVIDE AUTO, HOME AND BUSINESS LOANS TO THE COMMUNITY. AS OF DECEMBER 31, 2018 THE TOTAL NUMBER OF LOANS ISSUED WAS 111,018 AND THE TOTAL OUTSTANDING BALANCE OF LOANS ISSUED WAS $2,676,430,645.


NAVY ARMY COMMUNITY CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. AS OF DECEMBER 31, 2018 THE TOTAL NUMBER OF MEMBERS WAS 175,887 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 307,842 AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $2,545,723,320.


NAVY ARMY COMMUNITY CREDIT UNION ALSO PROVIDES ATM ACCESS TO MEMBERS. DURING 2018, THE TOTAL NUMBER OF ATM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 1,648,675.


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Navy Army Community Credit Union Board, Officers & Key Employees

Navy Army Community Credit Union Vendors

Vendor Name (Service)Compensation
Fiserv
Processing
$3,427,867
Morehead Dotts
Advertising
$1,796,799
Lanvera
Marketing
$716,500
Noble Texas Builders
Construction
$524,803
Catapult Systems
It Constructing
$385,524
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $4,096,542
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$595,007
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $192,613,593

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