Texas Trust Credit Union

Texas Trust Credit Union Overview

Texas Trust Credit Union is located in Arlington, 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 12/2019, Texas Trust Credit Union employed 420 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Texas Trust 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 Trust Credit Union generated $71.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $63.6m during the year ending 12/2019. While expenses have increased by 11.6% 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

PROVIDING MEMBERS A LIFETIME OF FINANCIAL SERVICES AND MAINTAINING A FINANCIALLY STRONG COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.


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Texas Trust Credit Union Board, Officers & Key Employees

Name (title)Compensation
James Minge
President/ceo
$681,207
Clay Yearsley
Svp, Data Analytics
$569,950
David Pickney
Evp/cfo
$356,347
William Kelsey
Evp/cro
$320,499
Pamela Stephens
Evp/coo
$308,121
David Turner
Evp Chief Information Officer
$250,003

Texas Trust Credit Union Vendors

Vendor Name (Service)Compensation
At&t
Communication System
$1,270,890
Jack Henry & Associates Inc
Core And Other Critical Systems
$1,090,243
Maverick Sports Propertiesllc
Marketing And Advertising
$652,307
Lanvera
Statement Processing
$526,443
Sourcelink
Marketing & Advertising
$492,925
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$61,820,069
Investment income $9,660,324
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $45,182
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 $71,525,575

Texas Trust Credit Union Peer Organizations

Organization NameAssets
Ttcu Federal Credit Union
Tulsa, OK
$107,654,707
Credit Union Of Texas
Allen, TX
$92,923,025
First Community Credit Union Of Houston
Houston, TX
$78,841,838
Texas Trust Credit Union
Arlington, TX
$71,525,575
Firstmark Credit Union
San Antonio, TX
$59,445,918
First Service Credit Union
Houston, TX
$51,399,270
State Chartered Credit Unions In Louisiana
Baton Rouge, LA
$48,572,194
Neighborhood Credit Union
Dallas, TX
$51,652,385
Fort Worth Community Credit Union
Bedford, TX
$47,287,563
Velocity Credit Union
Austin, TX
$51,540,286
United Heritage Credit Union
Austin, TX
$48,829,880
Intouch Credit Union
Plano, TX
$42,962,924

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