Nonprofit · EIN 75-0275915
EECU
Tax-exempt · FORT WORTH, TX 76102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $276,922,397 | $213,724,468 | $63,197,929 | $4,586,598,539 | $47,122,091 | $4,539,476,448 |
| December 31, 2024 | 990 | $245,984,426 | $192,743,334 | $53,241,092 | $4,113,496,114 | $36,060,225 | $4,077,435,889 |
| December 31, 2023 | 990 | $198,598,316 | $152,204,276 | $46,394,040 | $3,739,474,922 | $43,247,318 | $3,696,227,604 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $204,566,294
- Investment income
- $28,361,036
- Royalties
- $2,560
- Other revenue
- $43,995,067
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $9,363,517
- Other salaries and wages
- $26,002,626
- Salaries, compensation and benefits (total)
- $46,420,669
- Professional fundraising fees
- $0
- Legal fees
- -$219,020
- Occupancy
- $4,010,989
- Depreciation
- $2,051,502
Balance sheet and other
- Total assets, start of year
- $4,113,496,114
- Total assets, end of year
- $4,586,598,539
- Total liabilities, end of year
- $47,122,091
- Net assets, end of year
- $4,539,476,448
- Land, buildings and equipment
- $45,328,361
- Gross receipts
- $276,922,397
- Employees
- 419
- Volunteers
- 0
- Year formed
- 1934
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lonnie Nicholson | CEO Officer | – | $2,494,947 | $39,184 |
| Matt Kaudy | EVP / CGO Officer | – | $800,534 | $60,857 |
| Bradley Schone | EVP / CFO Officer | – | $684,146 | $34,536 |
| David Shurtz | CRO Officer | – | $611,656 | $57,884 |
| Robin Harris | CXO Officer | – | $605,350 | $62,684 |
| Tim Burch | CIO Officer | – | $597,153 | $39,184 |
| Paula Holcomb | CPO Officer | – | $540,541 | $6,000 |
| Keith Spivey | VP Payment Systems Key employee | – | $395,582 | $41,251 |
| Tim Grove | AVP IT Business Planning & Management Key employee | – | $337,664 | $45,992 |
| Bryan Liles | VP Commercial Key employee | – | $310,243 | $34,680 |
| Chris Brown | CLO Officer, Former | – | $327,695 | $3,985 |
| Chandramouli Gajapathy | VP IT Development & Implementations Key employee | – | $269,470 | $17,754 |
| Scott Hounchell | President - TBLG Officer | – | $230,509 | $47,938 |
| Doug King | Director Emerging Payments Highest-paid employee | – | $223,781 | $33,391 |
| Nora Gonzales | VP Retail Operations Highest-paid employee | – | $218,730 | $7,267 |
13 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Caleb Welty | AVP Marketing & Business Devlopment Highest-paid employee | – | $192,315 | $18,090 |
| Tyler Wall | AVP Contact Center & Digital Highest-paid employee | – | $180,058 | $17,706 |
| Jamie Timmins | VP Finance Highest-paid employee | – | $185,064 | $5,966 |
| Frank Molinar | Chairman of the Board Trustee or director | 1 | $21,373 | $0 |
| Randall Armstrong | Director Trustee or director | 1 | $21,250 | $0 |
| Dr Nikita Russell | Secretary Trustee or director | 1 | $18,284 | $0 |
| Mauro Serrano | Director Trustee or director | 1 | $17,759 | $0 |
| George Thompson | Treasurer Trustee or director | 1 | $16,500 | $0 |
| Ben Davis | Director Trustee or director | 1 | $16,500 | $0 |
| Dr Rich Dear | Vice-Chairman Trustee or director | 1 | $15,913 | $0 |
| Karel Rucker | Director Trustee or director | 1 | $15,000 | $0 |
| Kimberley Cantu | Director Trustee or director | 1 | $14,500 | $0 |
| Dr Joe Bean | Secretary Trustee or director, Former | 1 | $1,000 | $0 |
990 for the year ended December 31, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lonnie Nicholson | CEO Officer | 40 | $2,376,831 | $38,684 |
| Matt Kaudy | EVP Officer | – | $731,225 | $59,857 |
| David Shurtz | CRO Officer | 40 | $585,581 | $37,384 |
| Robin Harris | CXO Officer | 40 | $583,089 | $38,684 |
| Tim Burch | CIO Officer | 40 | $569,573 | $37,812 |
| Bradley Schone | CFO Officer | 40 | $551,698 | $34,036 |
| Paula Holcomb | CPO Officer | 40 | $520,112 | $35,180 |
| Robert Sanger | EVP (retired) Former | 40 | $487,862 | $3,311 |
| Chris Brown | CLO Officer | 40 | $434,547 | $21,468 |
| Tim Grove | VP IT Officer | 40 | $380,588 | $64,536 |
| Keith Spivey | VP Payment Systems Officer | 40 | $382,849 | $60,309 |
| Bryan Liles | VP Commercial Officer | 40 | $274,624 | $22,309 |
| Mouli Gajapathy | AVP IT Key employee | 40 | $243,561 | $17,019 |
| Scott Hounchel | President -TBLG Officer | 40 | $208,040 | $45,824 |
| Pauline Flores | Director Facilities Key employee | 40 | $213,804 | $34,026 |
| Nora Gonzales | AVP Retail Operations Key employee | 40 | $191,728 | $32,579 |
| Doug King | Director Payments Key employee | 40 | $185,796 | $27,290 |
| Tracey Breton | AVP Contact Center Key employee | 40 | $186,067 | $6,422 |
| Joe Rossa | CCO (retired) Former | 40 | $68,872 | $26 |
| Dr Rich Dear | Vice-Chairman Trustee or director | 1 | $10,999 | $0 |
| Frank Molinar | Chairman of the Board Trustee or director | 1 | $10,614 | $0 |
| Randall Armstrong | Director Trustee or director | 1 | $10,482 | $0 |
| Ben Davis | Director Trustee or director | 1 | $10,435 | $0 |
| Dr Nikita Russell | Director Trustee or director | 1 | $10,405 | $0 |
| Mauro Serrano | Director Trustee or director | 1 | $8,740 | $0 |
| Dr Joe Bean | Secretary Trustee or director | 1 | $8,500 | $0 |
| George Thompson | Treasurer Trustee or director | 1 | $8,500 | $0 |
| Karel Rucker | Director Trustee or director | 1 | $8,500 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lonnie Nicholson | Chief Executive Officer Officer | 40 | $2,312,265 | $30,379 |
| Robert C Sanger Retired Dec 2023 | Executive Vice President Former | 40 | $1,768,128 | $52,879 |
| Matt Kaudy | Executive Vice President Officer | 40 | $777,103 | $55,633 |
| David Shurtz | Chief Risk Officer Officer | 40 | $702,671 | $36,354 |
| Tim Burch | Chief Information Officer Officer | 40 | $677,187 | $28,863 |
| Robin Harris | Chief Member Experience Officer Officer | 40 | $668,810 | $30,379 |
| Bradley Schone | Chief Financial Officer Officer | 40 | $628,564 | $33,133 |
| Joe Rossa Retired Dec 2023 | Chief Credit Officer Former | 40 | $578,475 | $59,350 |
| Paula Holcomb | Chief People Officer Officer | 40 | $556,225 | $28,198 |
| Tim Grove | Vice President of IT Officer | 40 | $455,365 | $55,633 |
| Keith Spivey | Vice President of Payment Systems Officer | 40 | $457,592 | $42,497 |
| Bryan Liles | Vice President Commercial Lending Key employee | 1 | $267,234 | $22,204 |
| Mouli Gajapathy | AVP of IT Development & Implementation Key employee | 1 | $217,762 | $19,268 |
| Leah Koke retired Dec 2023 | Vice President Indirect Lending Former | 0 | $205,754 | $24,226 |
| Doug King | Director Emerging Payments & Card Services Key employee | 1 | $218,330 | $11,017 |
| Tracey Breton | AVP of Contact Center Key employee | 40 | $192,726 | $34,182 |
| Scott Hounchell | President TBLG Key employee | 40 | $178,052 | $39,243 |
| Chris Brown started Oct 2023 | Chief Lending Officer Officer | 40 | $196,820 | $0 |
| Dr Rich Dear | Vice Chairman Trustee or director | 1 | $11,486 | $0 |
| George Thompson | Chairman of the Board Trustee or director | 1 | $11,057 | $0 |
| Dr Joe Bean | Secretary Trustee or director | 1 | $10,773 | $0 |
| Dr Nikita Russell | Director Trustee or director | 1 | $10,658 | $0 |
| Frank Molinar | Director Trustee or director | 1 | $10,123 | $0 |
| Ben Davis | Director Trustee or director | 1 | $9,800 | $0 |
| Karel Rucker | Director Trustee or director | 1 | $9,700 | $0 |
| Mauro Serrano | Director Trustee or director | 1 | $9,502 | $0 |
| Randall Armstrong | Director Trustee or director | 1 | $3,500 | $0 |
Address and contacts
- Address (IRS master file)
- 1617 WEST SEVENTH STREET, FORT WORTH, TX 76102-2503
- Mailing address (990-N for 2016)
- 1203 W Pioneer Pkwy, Arlington TX 76013
- Principal officer (990 for 2025)
- Lonnie Nicholson, 1617 West 7th Street, Fort Worth, TX 76102
- Principal officer (990-N for 2016)
- Jeanette Reed, 507 Valley Spring Drive, Arlington TX 76018
- Signed the 990
- Bradley J Schone, Executive VicePresident & CFO
- Phone
- (817) 882-0251
Mission
To deliver banking experiences that enrich the lives and strengthen the financial well-being of our members and to thoughtfully contribute to the success of our industry and the communities we serve.
Program accomplishments
- The credit union operates under the provisions of the laws and rules of the Texas Credit Union Department and National Credit Union Administration. It's purpose is to encourage thrift among its members and provide credit at fair and reasonable rates of interest. This provides an opportunity to improve the members' economic conditions.0
- Voluntary cooperative, non-profit credit union incorporated under the provisions of the laws and rules of the Texas Credit Union Department to encourage thrift among its members, providing credit at fair and reasonable rates of interest and providing an opportunity to improve our members' economic condition.0
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 | 990 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
- 75-0275915
- 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)
- $4,586,598,539
- Income (IRS master file)
- $276,922,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $276,922,397 | $213,724,468 | $4,586,598,539 | XML |
| 990 | December 2024 | $245,984,426 | $192,743,334 | $4,113,496,114 | XML |
| 990 | December 2023 | $198,598,316 | $152,204,276 | $3,739,474,922 | XML |
| 990 | December 2022 | $152,279,110 | $104,058,200 | $3,447,892,476 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Jeanette Reed | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 75-0275915).
Questions about EECU
- What is the EIN of EECU?
- The employer identification number (EIN) of EECU is 75-0275915.
- Is EECU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to EECU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EECU 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 EECU due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EECU last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of EECU?
- The 990 for the year ended December 31, 2025 names Lonnie Nicholson.
- Who are the officers and directors of EECU?
- The 990 for the year ended December 31, 2025 lists 28 people; 28 received compensation from the organization, the highest $2,494,947 (Lonnie Nicholson, CEO).
- How much revenue does EECU have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $276,922,397, expenses of $213,724,468 and total assets of $4,586,598,539 at year end.
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