Nonprofit · EIN 74-1951016
FIRST SERVICE CREDIT UNION
Tax-exempt · HOUSTON, TX 77084
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $91,080,564 | $89,901,579 | $1,178,985 | $1,605,676,109 | $1,459,444,782 | $146,231,327 |
| December 31, 2023 | 990 | $85,450,936 | $74,201,530 | $11,249,406 | $1,331,618,730 | $1,189,674,966 | $141,943,764 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $86,186,587
- Investment income
- $6,271,140
- Other revenue
- -$1,377,163
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $21,624,130
- Compensation of officers, directors and key employees
- $4,465,796
- Other salaries and wages
- $16,999,533
- Salaries, compensation and benefits (total)
- $25,268,115
- Professional fundraising fees
- $0
- Legal fees
- $969,678
- Accounting fees
- $274,797
- Occupancy
- $2,886,707
- Travel
- $388,253
- Depreciation
- $4,078,963
Balance sheet and other
- Total assets, start of year
- $1,331,618,730
- Total assets, end of year
- $1,605,676,109
- Total liabilities, end of year
- $1,459,444,782
- Net assets, end of year
- $146,231,327
- Land, buildings and equipment
- $51,498,944
- Publicly traded securities
- $124,221,542
- Gross unrelated business income
- $2,456,321
- Gross receipts
- $91,080,564
- Employees
- 353
- Volunteers
- 8
- Year formed
- 1977
- 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 |
|---|---|---|---|---|
| DAVID BLEAZARD | PRESIDENT/CEO Officer | 50 | $1,482,553 | $49,594 |
| FRANK HALSTEAD | CRO Key employee | 50 | $331,468 | $10,497 |
| JASON SWATSENBARG | EVP/CFO Key employee | 50 | $247,592 | $38,492 |
| MATTHEW DOWNING | PRESIDENT OF ECU TECHNOLOGY Key employee | 50 | $226,460 | $35,176 |
| JONATHAN SHURTZ | EVP/ IN HOUSE COUNSEL Key employee | 50 | $210,464 | $30,444 |
| NOLAN WALTMAN | CHIEF GROWTH OFFICER Key employee | 50 | $201,859 | $33,909 |
| RAFEAL BALDERRABANO | CFS ADVISOR Highest-paid employee | 50 | $218,145 | $14,682 |
| MICHAEL ALEXANDER | FINANCIAL ADVISOR Highest-paid employee | 50 | $220,197 | $3,144 |
| TERI EDGE | CHIEF OPERATING OFFICER Key employee | 50 | $202,697 | $16,522 |
| BRETT DESHAZO | VP COMMERCIAL SERVICES Officer | 50 | $144,629 | $30,466 |
| KERRY GRAHAM | VP MARKETING Officer | 50 | $149,186 | $20,090 |
| KEMA COCHRAN | CONTROLLER Officer | 50 | $135,259 | $28,246 |
| KENNETH DARNELL | SVP IT Officer | 50 | $153,387 | $9,640 |
| SHARON MOORE | VP SPECIAL PROJECTS Officer | 50 | $137,469 | $11,370 |
| ALVIN C COMEAUX | VP SALES Officer | 50 | $136,019 | $7,981 |
14 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WESLEY GILMAN | DIRECTOR Highest-paid employee | 1 | $128,367 | $15,344 |
| TAMARA WEBB | VICE PRESIDENT OF SALES Highest-paid employee | 50 | $125,549 | $17,048 |
| KAREN WIEHOFF | VP Officer | 50 | $125,163 | $10,782 |
| ROBERT HANNAN | VP COLLECTIONS Officer | 50 | $112,910 | $16,063 |
| SHAILAJA THAKKAR | VP COMMERICIAL UNDERWRITER Highest-paid employee | 50 | $110,329 | $13,537 |
| YOUNA MICHAEL | VP DEVELOPMENT Officer | 50 | $100,858 | $18,551 |
| THOMAS BULLARD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JANET HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KOURTNEY CALHOUN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL LOVE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUG ESMOND | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WAYNE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOMINQUE VARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID BLEAZARD | PRESIDENT/CEO Officer | 50 | $1,486,892 | $210,345 |
| JANA HEATON | CFO Key employee | 50 | $417,381 | $52,283 |
| DAVID DANG | CIO Key employee | 50 | $176,586 | $79,125 |
| MATTHEW DOWNING | PRESIDENT OF ECU TECHNOLOGY Key employee | 50 | $211,913 | $27,035 |
| FRANK HALSTEAD | CRO Highest-paid employee | 50 | $143,181 | $83,983 |
| JONATHAN SHURTZ | CHIEF ADMIN OFFICER AND IN Key employee | 50 | $192,023 | $35,101 |
| TAMARA WEBB | VICE PRESIDENT OF SALES Highest-paid employee | 50 | $193,038 | $14,200 |
| TERI EDGE | CHIEF OPERATING OFFICER Key employee | 50 | $188,183 | $11,022 |
| NOLAN WALTMAN | CHIEF GROWTH OFFICER Key employee | 50 | $165,158 | $31,829 |
| JASON SWATSENBARG | EVP/CFO Key employee | 50 | $172,262 | $23,835 |
| SONYA HARRIS | CHIEF LENDING OFFICER Officer | 50 | $168,948 | $23,282 |
| TY ROBBINS | CHIEF DATA OFFICER Key employee | 50 | $167,142 | $17,118 |
| SABY JOLIET | VP- ACCOUNTING Highest-paid employee | 50 | $139,186 | $27,305 |
| RAFAEL BALDERRABANO | CFS ADVISOR Highest-paid employee | 50 | $152,066 | $13,629 |
| MICHAEL ALEXANDER | FINANCIAL ADVISOR Highest-paid employee | 50 | $162,043 | $3,513 |
| ETHAN FERRELL | SENIOR VICE PRESIDENT Highest-paid employee | 50 | $142,586 | $21,881 |
| WESLEY S GILMAN | DIRECTOR Highest-paid employee | 30 | $121,543 | $13,699 |
| THOMAS BULLARD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JANET HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KOURTNEY CALHOUN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL LOVE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUG ESMOND | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID ITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WAYNE TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOMONIQUE VARNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 16430 PARK TEN PLACE, HOUSTON, TX 77084-5056
- Principal officer (990 for 2024)
- DAVID BLEAZARD, 16430 PARK TEN PLACE, HOUSTON, TX 77084
- Signed the 990
- JASON SWATSENBARG, EVP/CFO
- Phone
- (713) 676-8944
- Website
- WWW.FSCU.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
FIRST SERVICE CREDIT UNION IS A COOPERATIVE CREDIT UNION THAT PROVIDES FINANCIAL PRODUCTS AND SERVICES TO MEMBERS.
Program accomplishments
- FIRST SERVICE CREDIT UNION OFFERS SAVINGS ACCOUNTS TO MEMBERS OF ALL AGES THAT PAY DIVIDENDS ON A MONTHLY BASIS. WE HAD 96,225 MEMBERS AS OF DECEMBER 31, 2024. MEMBERS CAN ACCESS THEIR SAVINGS ACCOUNTS THROUGH OUR BRANCH NETWORK, INCLUDING OUR NATIONWIDE SHARED BRANCHING NETWORK. MEMBERS CAN ALSO ACCESS THEIR SAVINGS ACCOUNTS VIA HOME BANKING, TELEPHONE, MOBILE DEVICES AND ATMS. WE ALSO OFFER SPECIAL SAVINGS ACCOUNTS FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.
- FIRST SERVICE CREDIT UNION OFFERS CHECKING ACCOUNTS FOR OUR MEMBERS. SOME OF OUR CHECKING ACCOUNTS PAY DIVIDENDS ON A MONTHLY BASIS. CHECKING ACCOUNTS CAN BE ACCESSED THROUGH OUR BRANCH NETWORK AND A NATIONWIDE SHARED BRANCHING NETWORK. MEMBERS CAN ALSO ACCESS THEIR CHECKING ACCOUNTS VIA HOME BANKING, TELEPHONE, MOBILE DEVICES AND ATMS. MEMBERS CAN ALSO PAY BILLS ONLINE USING OUR FREE BILL PAY SERVICE.
- FIRST SERVICE CREDIT UNION PROVIDES LOANS TO MEMBERS FOR A VARIETY OF LOAN TYPES SUCH AS NEW AND USED AUTOS, UNSECURED, BOAT, MOTORCYCLE, RECREATIONAL AND REAL ESTATE AT VERY COMPETITIVE RATES WITH NO PRE-PAYMENT PENALTIES.
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
- 74-1951016
- 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)
- $1,605,676,109
- Income (IRS master file)
- $91,080,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $91,080,564 | $89,901,579 | $1,605,676,109 | XML |
| 990 | December 2023 | $85,450,936 | $74,201,530 | $1,331,618,730 | XML |
| 990 | December 2022 | $71,188,784 | $61,019,978 | $1,392,074,135 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 74-1951016).
Questions about FIRST SERVICE CREDIT UNION
- What is the EIN of FIRST SERVICE CREDIT UNION?
- The employer identification number (EIN) of FIRST SERVICE CREDIT UNION is 74-1951016.
- Is FIRST SERVICE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to FIRST SERVICE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIRST SERVICE 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 FIRST SERVICE 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 FIRST SERVICE 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 FIRST SERVICE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names DAVID BLEAZARD.
- Who are the officers and directors of FIRST SERVICE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 29 people; 21 received compensation from the organization, the highest $1,482,553 (DAVID BLEAZARD, PRESIDENT/CEO).
- How much revenue does FIRST SERVICE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $91,080,564, expenses of $89,901,579 and total assets of $1,605,676,109 at year end.
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