Americas Credit Union

Organization Overview

Americas Credit Union is located in Garland, 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, Americas Credit Union employed 110 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Americas 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, Americas Credit Union generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $14.3m during the year ending 12/2021. While expenses have increased by 10.7% 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

AMERICA'S CREDIT UNION OFFERS NUMEROUS SERVICES TO ITS MEMBER-OWNERS, EACH DESIGNED TO ASSIST THEM IN IMPROVING THEIR ECONOMIC WELL-BEING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED COMPETITIVE, LOW COST FINANCIAL SERVICES TO MEET THE NEEDS OF CREDIT UNION MEMBERSHIP IN ORDER TO HELP THEM ACHIEVE IMPROVED ECONOMIC WELL-BEING.


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Board, Officers & Key Employees

Name (title)Compensation
Bert Beal
CEO
$420,179
Shelley Pence
CFO
$194,401
Jason Steele
Cio
$154,906
Tammy DE La Cerda
Chief Lending
$140,957
John Willis
Secretary/treas
$0
Raul Mercado
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ncr
Homebanking Data Process
$318,630
Lanvera Ltd
Printing And Mailing
$193,806
Jack Henry
Data Processing
$874,761
Fi Grow
Website Hosting & Social
$127,647
Galt Construction
General Contracting
$636,760
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$15,703,147
Investment income $5,745
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $7,514
Net Gain/Loss on Asset Sales $42,283
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,218,007

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