Texas Dow Employees Credit Union

Texas Dow Employees Credit Union Overview

Texas Dow Employees Credit Union is located in Lake Jackson, 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, Texas Dow Employees Credit Union employed 957 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Texas Dow Employees 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, Texas Dow Employees Credit Union generated $249.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $223.9m during the year ending 12/2019. While expenses have increased by 7.6% 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

INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TDECU IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WITH MORE THAN 303,418 MEMBERS. TDECU CURRENTLY HAS 35 MEMBER SERVICE LOCATIONS, AND OFFERS A COMPLETE SELECTION OF CONVENIENT AND COMPETITIVE PRODUCTS AND SERVICES.


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Texas Dow Employees Credit Union Board, Officers & Key Employees

Name (title)Compensation
Stephanie Sherrodd
President
$1,190,855
Rhonda Pavlicek
Senior VP & CFO
$486,085
Milton Stevens
Senior Vp- Retail Lending
$421,660
Wesley Garner
Pres - Wealth Management
$360,128
Charles Smith
Senior VP & Clo
$337,903
Courtland Crouchet
Senior VP - Cro
$329,208

Texas Dow Employees Credit Union Vendors

Vendor Name (Service)Compensation
Pscu
Member Care Call Center, Online Banking
$5,334,957
Visa Usa
Visa Monthly Billing, Debit Card Fees
$4,884,423
Vantivworld Pay
Vantiv Statement Processing Fees
$2,918,456
Lanvera Ltd
Monthly Notices/forms/estatements
$2,090,422
Bucees
Fuel Discounts/cc Interchange/atm Transa
$1,604,030
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $3,952,064
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $474,557
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $249,289,906

Texas Dow Employees Credit Union Peer Organizations

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