Texas Trust Credit Union

Organization 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 12/2021, Texas Trust Credit Union employed 336 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 12/2021, Texas Trust Credit Union generated $77.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $56.3m during the year ending 12/2021. While expenses have increased by 6.3% 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

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lanvera
Statement Processing
$599,102
Jack Henry & Associates Inc
Core And Other Critical Systems
$1,155,282
L Keeley Construction
Construction
$2,053,502
Cdw Direct
It Hardware And Software
$658,466
Dbsi Inc
Design Build Technology
$805,244
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$73,672,819
Investment income $4,351,904
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $82,499
Net Gain/Loss on Asset Sales -$440,138
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $77,667,084

Peer Organizations

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$83,936,302
Texas Trust Credit Union
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$77,667,084
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