Union Pacific Employees Credit Union
- Assets
- $3.7m
- Revenue
- $221.7k
- Investments
- $536.1k
- Employees
- 2
- Location
- Beaumont, TX
- Founding
- 06/1976
- Data as of
- 12/2023
- EIN
- 74-1476313
Organization Overview
Union Pacific Employees Credit Union is located in Beaumont, 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 12/2023, Union Pacific Employees Credit Union employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Union Pacific 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 12/2023, Union Pacific Employees Credit Union generated $221.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $187.5k during the year ending 12/2023. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UNION PACIFIC EMPLOYEES CREDIT UNION (UPECU) WAS ESTABLISHED TO PROVIDE UNION PACIFIC RAILROAD EMPLOYEES AND THEIR FAMILIES WITH A SAFE AND PROFITABLE FINANCIAL INSTITUTION. THE CREDIT UNION PROVIDES MEMBERS A REASONABLE RETURN ON SAVINGS ACCOUNTS AND PROVIDES CONSUMER LOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING PROGRAM CONSIST OF CLOSED END LOANS FOR PERSONAL USE OF OUR MEMBERS. LOANS PROVIDED OR COLLATERAL LOANS & SIGNATURE LOANS. REVENUES ARE GENERATED FOR INTEREST ON MEMBERS LOANS. EXPENSES INCURRED FOR CREDIT BUREAU REPORTS, COLLECTION FEES, PROMOTIONAL & ADVERTISING, AND PROVISIONS FOR LOAN LOSS.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Braddley Mcclelland Board Of Director - Chairman | Trustee | 2 | $0 |
Daniel Herline Board Of Director - Vice Chairman | Trustee | 2 | $0 |
Brain Keith Board Of Director - Treasurer | Trustee | 2 | $0 |
Ray Herline Board Of Director | Trustee | 2 | $0 |
A Gene Richey Board Of Director | Trustee | 2 | $0 |
Nathanael Kitchen Board Of Director | Trustee | 2 | $0 |
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 | $196,748 |
| Investment income | $9,006 |
| 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 | $221,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,522 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,631 |
| Fees for services: Management | $1,986 |
| Fees for services: Legal | -$279 |
| Fees for services: Accounting | $5,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,139 |
| Advertising and promotion | $36 |
| Office expenses | $9,693 |
| Information technology | $15,096 |
| Royalties | $0 |
| Occupancy | $3,805 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,040 |
| Insurance | $4,937 |
| All other expenses | $4,895 |
| Total functional expenses | $187,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,789 |
| Savings and temporary cash investments | $111,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,973,144 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,676 |
| Net Land, buildings, and equipment | $1,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $536,079 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,827 |
| Total assets | $3,715,210 |
| Accounts payable and accrued expenses | $3,692 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,760,756 |
| Total liabilities | $2,764,448 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $950,762 |
| Total liabilities and net assets/fund balances | $3,715,210 |