Everman Parkway Credit Union
- Assets
- $4.7m
- Revenue
- $238.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Worth, TX
- Founding
- 06/1976
- Data as of
- 12/2023
- EIN
- 75-1059279
Organization Overview
Everman Parkway Credit Union is located in Fort Worth, 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, Everman Parkway Credit Union employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Everman Parkway 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, Everman Parkway Credit Union generated $238.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $210.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 5 years. 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
EVERMAN PARKWAY CREDIT UNION IS A COOPERATIVE THRIFT ORGANIZATION KNOWN AS A "CREDIT UNION" PROVIDING COMPETITIVE RATES ON SAVINGS AND LOAN ACCOUNTS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SHARE ACCOUNTS THE CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES WITH COMPETITIVE DIVIDEND RATES. THERE WERE 602 MEMBER-OWNED ACCOUNTS AS OF DECEMBER 31, 2023. THE DEVELOPMENT OF CONSISTENT SAVINGS' HABITS IS ENCOURAGED TO EACH MEMBER.
SHARE DRAFTS (CHECKING ACCOUNTS) THE CREDIT UNION OFFERS CHECKING ACCOUNTS TO MEMBERS AS WELL AS DEBIT CARDS AND ATM CARDS.
CONSUMER LOANS THE CREDIT UNION HAS PROVIDED PERSONAL AND VEHICLE LOANS FROM ITS BEGINNING. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES THE FOLLOWING: NEW AND USED RECREATIONAL VEHICLES; NEW AND USED BOATS; AND NEW AND USED MOTORCYCLES. DISABILITY AND CREDIT LIFE INSURANCES ARE OFFERED TO BE PURCHASED ON ALL LOANS. IN ADDITION TO THE DISABILITY AND CREDIT LIFE INSURANCES, VEHICLE LOANS ALSO HAVE GAP INSURANCE AND EXTENDED WARRANTIES OFFERED TO BE PURCHASED ON THEM. A MASTERCARD CREDIT CARD IS ALSO AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Owings Manager | Officer | 40 | $52,707 |
Board Member Chairman | OfficerTrustee | 1 | $0 |
Board Member Vice-Chairman | OfficerTrustee | 1 | $0 |
Board Member Secretary | OfficerTrustee | 1 | $0 |
Board Member Treasurer | OfficerTrustee | 1 | $0 |
Board Member Director | Trustee | 1 | $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 | $206,793 |
| Investment income | $19,462 |
| 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 | $238,713 |
| 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. | $52,707 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,011 |
| Pension plan accruals and contributions | $1,629 |
| Other employee benefits | $9,073 |
| Payroll taxes | $5,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $791 |
| Office expenses | $12,574 |
| Information technology | $18,521 |
| Royalties | $0 |
| Occupancy | $15,266 |
| Travel | $73 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $900 |
| Interest | $11,927 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,355 |
| Insurance | $8,648 |
| All other expenses | $2,468 |
| Total functional expenses | $210,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,245 |
| Savings and temporary cash investments | $0 |
| 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 | $2,879,104 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,247 |
| Net Land, buildings, and equipment | $36,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,743,928 |
| Total assets | $4,684,679 |
| Accounts payable and accrued expenses | $20,273 |
| 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 | $3,264,312 |
| Total liabilities | $3,284,585 |
| 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 | $1,400,094 |
| Total liabilities and net assets/fund balances | $4,684,679 |