Nonprofit · EIN 74-1109889
FIVEPOINT CREDIT UNION
Tax-exempt · NEDERLAND, TX 77627
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $68,944,661 | $66,115,636 | $2,829,025 | $987,167,081 | $907,001,377 | $80,165,704 |
| December 31, 2023 | 990 | $58,838,375 | $56,531,671 | $2,306,704 | $940,698,707 | $864,661,283 | $76,037,424 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $65,575,513
- Investment income
- $3,265,688
- Other revenue
- $103,460
Expenses
- Grants and similar amounts paid
- $75,000
- Compensation of officers, directors and key employees
- $4,082,624
- Other salaries and wages
- $12,397,334
- Salaries, compensation and benefits (total)
- $22,236,753
- Professional fundraising fees
- $0
- Legal fees
- $328,030
- Accounting fees
- $126,067
- Occupancy
- $1,804,547
- Travel
- $226,764
- Depreciation
- $2,236,969
Balance sheet and other
- Total assets, start of year
- $940,698,707
- Total assets, end of year
- $987,167,081
- Total liabilities, end of year
- $907,001,377
- Net assets, end of year
- $80,165,704
- Land, buildings and equipment
- $32,568,897
- Publicly traded securities
- $80,309,664
- Gross unrelated business income
- $103,460
- Gross receipts
- $68,944,661
- Employees
- 249
- Volunteers
- 14
- Year formed
- 1935
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIK SHAW | PRESIDENT/CEO Officer | 40 | $508,339 | $63,689 |
| KENNETH MILLER | EXECUTIVE VICE PRESIDENT Officer | 40 | $362,399 | $44,868 |
| KRISTEN BELLANGER | EXECUTIVE VICE PRESIDENT Officer | 40 | $313,606 | $46,982 |
| JENNIFER WEBB | EXECUTIVE VICE PRESIDENT Officer | 40 | $320,914 | $33,390 |
| AMANDA WHITE | SVP OF HUMAN RESOURCES Officer | 40 | $292,054 | $46,580 |
| MATTHEW BOREL | FINANCIAL ADVISOR Key employee | 40 | $274,865 | $49,790 |
| CHRISTIE J LUMMUS | SENIOR VP LENDING Key employee | 40 | $225,628 | $47,305 |
| CHASIDY BOHANAN | SENIOR VP OPERATIONS Key employee | 40 | $227,721 | $44,096 |
| MARLA RUCKER | VP IT Key employee | 40 | $191,248 | $32,593 |
| HELEN PUCKETT | VP ACCOUNTING Key employee | 40 | $182,792 | $31,290 |
| CARRIE STRONG | VP OF HUMAN RESOURCES Key employee | 40 | $180,498 | $10,587 |
| KAREN BLUM | VP MARKETING Key employee | 40 | $156,599 | $28,679 |
| AIMEE SLOTT | VP BUSINESS LENDING Key employee | 40 | $153,472 | $31,049 |
| ETHAN WORTHY | VP BUSINESS LENDING Key employee | 40 | $155,694 | $25,897 |
| JEREMY MARTINKA | AVP IT Highest-paid employee | 40 | $133,044 | $39,019 |
13 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACI CROAK | AVP BRANCH OPERATIONS Highest-paid employee | 40 | $134,427 | $23,152 |
| TONI BROWN | AVP LENDING Highest-paid employee | 40 | $138,815 | $5,958 |
| JARED BYRD | BUSINESS ANALYTICS Highest-paid employee | 40 | $133,139 | $10,096 |
| TAMMY ESTRELLO | BRANCH MANAGER Highest-paid employee | 40 | $122,760 | $6,422 |
| GLENN JOHNSON | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JAMES SAXON | SECRETARY TREASURER Trustee or director | 1 | $0 | $0 |
| JOE DICKSON | FIRST VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JOHN COMEAUX | SECOND VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| LOUIS ANSELMO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| HILTON FERGUSON JR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KAROL RUSSELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JACK THORNTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DENNY WINTER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIK SHAW | CEO/PRESIDENT Officer | 40 | $534,478 | $56,144 |
| KENNETH MILLER | EXECUTIVE VICE PRESIDENT Officer | 40 | $371,389 | $49,185 |
| JENNIFER WEBB | CHIEF ADMINISTRATIVE OFFICER/EVP Officer | 40 | $314,698 | $28,938 |
| KRISTEN BELLANGER | COO/EVP Officer | 40 | $311,677 | $31,203 |
| AMANDA WHITE | SVP OF HUMAN RESOURCES Officer | 40 | $287,449 | $36,305 |
| MATTHEW BOREL | FINANCIAL ADVISOR Key employee | 40 | $215,943 | $45,222 |
| MARLA RUCKER | VP IT Key employee | 40 | $190,185 | $34,711 |
| CHASIDY BOHANAN | VP OPERATIONS Key employee | 40 | $192,211 | $29,439 |
| CHRISTIE J LUMMUS | VP LENDING Key employee | 40 | $197,345 | $23,693 |
| HELEN PUCKETT | AVP ACCOUNTING Key employee | 40 | $173,908 | $28,675 |
| AIMEE SLOTT | VP BUSINESS LENDING Key employee | 40 | $156,757 | $28,981 |
| KAREN BLUM | VP MARKETING Key employee | 40 | $154,762 | $27,088 |
| JEREMY MARTINKA | AVP IT Highest-paid employee | 40 | $135,541 | $36,320 |
| STACI CROAK | AVP BRANCH OPERATIONS Highest-paid employee | 40 | $133,758 | $22,160 |
| CARRIE STRONG | VP OF HUMAN RESOURCES Highest-paid employee | 40 | $139,709 | $8,548 |
| JARED BYRD | BUSINESS ANALYTICS Highest-paid employee | 40 | $131,926 | $13,313 |
| TONI R BROWN | AVP LENDING Highest-paid employee | 40 | $137,197 | $5,613 |
| GLENN JOHNSON | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JAMES SAXON | SECRETARY TREASURER Trustee or director | 1 | $0 | $0 |
| JOE DICKSON | FIRST VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JOHN COMEAUX | SECOND VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| LOUIS ANSELMO | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| HILTON FERGUSON JR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KAROL RUSSELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JACK THORNTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DENNY WINTER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1366, NEDERLAND, TX 77627-1366
- In care of
- % RUTH MCCLANAHAN
- Principal officer (990 for 2024)
- ERIK SHAW, PO BOX 1366, NEDERLAND, TX 77627
- Signed the 990
- ERIK SHAW, CEO
- Phone
- (409) 726-8300
- Website
- WWW.FIVEPOINTCU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND THE COMMUNITY.
Program accomplishments
- INTEREST INCURRED ON MEMBER DEPOSITS APPROXIMATED $17,883,000 DURING THE YEAR ENDED DECEMBER 31, 2024.
- ATM SERVICES PROVIDED TO THE MEMBERSHIP REPRESENTED APPROXIMATELY $2,102,000 OF TOTAL EXPENSES INCURRED DURING THE YEAR ENDED DECEMBER 31, 2024.
- HOME BANKING PROVIDED TO THE MEMBERSHIP REPRESENTED A COST OF APPROXIMATELY $ 1,633,000 INCURRED DURING THE YEAR ENDED DECEMBER 31, 2024.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1109889
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2742: CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS
- Assets (IRS master file)
- $987,167,081
- Income (IRS master file)
- $68,944,661
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $68,944,661 | $66,115,636 | $987,167,081 | XML |
| 990 | December 2023 | $58,838,375 | $56,531,671 | $940,698,707 | XML |
| 990 | December 2022 | $49,433,751 | $44,488,509 | $874,862,124 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1109889).
Questions about FIVEPOINT CREDIT UNION
- What is the EIN of FIVEPOINT CREDIT UNION?
- The employer identification number (EIN) of FIVEPOINT CREDIT UNION is 74-1109889.
- Is FIVEPOINT CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to FIVEPOINT CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIVEPOINT CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIVEPOINT CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIVEPOINT CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FIVEPOINT CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ERIK SHAW.
- Who are the officers and directors of FIVEPOINT CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 28 people; 19 received compensation from the organization, the highest $508,339 (ERIK SHAW, PRESIDENT/CEO).
- How much revenue does FIVEPOINT CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $68,944,661, expenses of $66,115,636 and total assets of $987,167,081 at year end.
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