Grand Prairie Credit Union
- Assets
- $21.4m
- Revenue
- $699.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Grand Prairie, TX
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 75-1221355
Organization Overview
Grand Prairie Credit Union is located in Grand Prairie, 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, Grand Prairie Credit Union employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Grand Prairie 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, Grand Prairie Credit Union generated $699.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $622.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VOLUNTARY CO-OPERATIVE, NOT FOR PROFIT SAVINGS INSTITION. INCORPORATED UNDER THE PROVISIONS OF THE TX CU ACT FOR PURPOSE OF ENCOURAGING THRIFT AMONG OUR MEMBERS, PROVDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDE OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPRECIATIONS
GENERAL OFFICE OPERATIONS, OCCUPANCY, SALARIES AND SERVICE CHARGES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clif Nelson Co-Chairpers | Trustee | $0 | |
Cleta Shaw Chairperson | Trustee | $0 | |
Rita Heep Secretary | Trustee | $0 | |
Ronald Mcculler Treasurer | Trustee | $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 | $620,942 |
| Investment income | $74,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,548 |
| 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 | $698,953 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,417 |
| Pension plan accruals and contributions | $17,549 |
| Other employee benefits | $37,443 |
| Payroll taxes | $18,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $10,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,800 |
| Office expenses | $56,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,474 |
| Payments to affiliates | $7,482 |
| Depreciation, depletion, and amortization | $30,931 |
| Insurance | $16,314 |
| All other expenses | $0 |
| Total functional expenses | $622,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $836,160 |
| Savings and temporary cash investments | $11,802,738 |
| 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 | $8,452,617 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $242,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,728 |
| Other assets | $0 |
| Total assets | $21,382,862 |
| Accounts payable and accrued expenses | $71,331 |
| 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 | $21,282 |
| Total liabilities | $92,613 |
| 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 | $21,290,249 |
| Total liabilities and net assets/fund balances | $21,382,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ttcu Federal Credit Union Tulsa, OK | $2,611,508,582 | $123,227,030 |
Credit Union Of Texas Allen, TX | $1,777,913,030 | $114,589,686 |
First Community Credit Union Of Houston Houston, TX | $1,964,514,771 | $83,936,302 |
Texas Trust Credit Union Arlington, TX | $1,797,827,251 | $77,667,084 |
Intouch Credit Union Plano, TX | $1,046,983,946 | $47,406,759 |
State Chartered Credit Unions In Louisiana Baton Rouge, LA | $599,377,066 | $59,950,337 |
Firstmark Credit Union San Antonio, TX | $1,229,967,544 | $50,715,745 |
True Sky Credit Union Oklahoma City, OK | $831,301,668 | $47,281,663 |
United Heritage Credit Union Austin, TX | $1,405,950,790 | $55,051,200 |
First Service Credit Union Houston, TX | $855,098,387 | $54,328,304 |
Neighborhood Credit Union Dallas, TX | $1,066,752,639 | $52,511,237 |
Velocity Credit Union Austin, TX | $1,067,927,517 | $65,298,866 |