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Nonprofit · EIN 75-0751106

UNITED CREDIT UNION

Tax-exempt · TYLER, TX 75703

Financials

$1.5M$1.5M2023$1.4M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of UNITED CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,449,714$1,366,079$83,635$28,481,321$26,231,075$2,250,246
December 31, 2023990$1,508,249$1,453,406$54,843$29,623,151$27,456,540$2,166,611
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,231,308
Investment income
$218,406
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$343,550
Compensation of officers, directors and key employees
$157,877
Other salaries and wages
$138,652
Salaries, compensation and benefits (total)
$376,969
Professional fundraising fees
$0
Legal fees
$38,848
Accounting fees
$16,501
Occupancy
$44,124
Travel
$10,868
Depreciation
$54,003
Program services (functional)
$1,366,079

Balance sheet and other

Total assets, start of year
$29,623,151
Total assets, end of year
$28,481,321
Total liabilities, end of year
$26,231,075
Net assets, end of year
$2,250,246
Land, buildings and equipment
$1,334,705
Gross receipts
$1,449,714
Employees
7
Year formed
1932
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.

NameTitleHours / weekCompensation
SHERRI MCELYEAPRESIDENT
Officer
44$90,117
CAMERON ANDERSONVICE PRESIDENT
Officer
41$67,760
COURTNEY KLEPFERCREDIT COMMITTEE CHAIRMAN
Trustee or director
0.5$0
LORA SAVOIECREDIT COMMITTEE
Trustee or director
0.5$0
DJUANNA MORGANCREDIT COMMITTEE
Trustee or director
0.5$0
STEVEN PALMERCREDIT COMMITTEE
Trustee or director
0.5$0
NANCY PARKERSEC-TREAS
Trustee or director, Officer
0.5$0
GEORGE CREELCHAIRMAN
Trustee or director, Officer
0.5$0
DENNIS DYKESVICE CHAIRMAN
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
SHERRI MCELYEAPRESIDENT
Officer
44$95,116
CAMERON ANDERSONVICE PRESIDENT
Officer
41$66,083
NARS BUENAVENTURACREDIT COMMITTEE
Trustee or director
0.5$0
DJUANNA MORGANCREDIT COMMITTEE
Trustee or director
0.5$0
GEORGE CREELVICE CHAIRMAN
Trustee or director
0.5$0
COURTNEY KLEPFERCHAIRMAN
Trustee or director
0.5$0
DAVID ADAMSCHAIRMAN
Trustee or director, Officer
0.5$0
NANCY PARKERCREDIT COMMITTEE
Trustee or director, Officer
0.5$0
LORA SAVOIESEC-TREAS
Trustee or director, Officer
0.5$0

Address and contacts

Address (IRS master file)
4901 OLD JACKSONVILLE HWY, TYLER, TX 75703-3373
In care of
% SHERRI MCELYEA
Signed the 990
SHERRI MCELYEA, PRESIDENT
Phone
(903) 595-3604
Return prepared by
Paul Hicks & Associates PC

Mission

COOPERATIVE, MEMBERSHIP OWNED, NON-PROFIT PROVIDER OF FULL FINANCIAL SERVICES TO MEMBERS

990 for the year ended December 31, 2024

Program accomplishments

  • ACCOUNTS:TERM SHARE CERTIFICATES ARE SAVINGS ACCOUNTS THAT ARE PLACED ON DEPOSIT FOR SPECIFIC PERIODS OF TIME. THEY HAVE A HIGHER EARNING RATE FOR MEMEBERS DUE TO THE REQUIRED TIME FRAME TO REMAIN ON DEPOSIT. REMOVAL BEFORE MATURITY RESULTS IN A PENALTY. TERM SHARE CERTIFICATES ARE THE LARGEST ACCOUNT EXPENSE SAVINGS AND CHECKING.
    Expenses $1,115,297 · revenue $209,296
  • TECHNOLOGY SERVICES: TECHNOLOGY IN TODAYS AGE IS ALWAYS CHANGING AND GROWING EACH YEAR. THIS CAUSES THE EXPENSE TO BE QUITE LARGE IN ORDER TO STAY CURRENT WITH TADAYS WANTS AND NEEDS FOR MEMBERS. THE TECHNOLOGY SERVICES INCLUDE ONLINE BANKING, ONLINE LOAN APPLICATIONS, ONLINE SECURED EDOCSIGNATURES, ONLINE MOBILE DEPOSIT, BILL PAY AND ESTATEMENT. WITH TECHNOLOGY, YOU ALSO HAVE TO KEEP IN MIND THE UPDATES AND UPGRADES YOU DO TO THEM TO MAKE SURE THEY ARE SECURE AND NOT BROKEN. WITH ALL OF THAT, THE GREATEST THING THE TECHNOLOGY SERVICES DOES IS MAKE THINGS EASIER FOR THE MEMBER.
    Expenses $140,893 · revenue $7,338
  • OTHER PROGRAM SERVICES
    Expenses $67,300 · revenue $218,406
  • LOANS: VEHICLE, PERSONAL, AND CREDIT CARD LOANS ARE ALL OFFERED. RELATED SERVICES SUCH AS LIFEPLUS, DISABILITY, DENT GUARD, MECHANICAL REPAIR COVERAGE, AND GAP ARE ALL ALSO OFFERED.
    Expenses $42,589 · revenue $1,014,674

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-0751106
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
Assets (IRS master file)
$28,481,321
Income (IRS master file)
$1,449,714

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,449,714$1,366,079$28,481,321XML
990December 2023$1,508,249$1,453,406$29,623,151XML
990December 2022$1,414,983$1,338,372$30,228,000IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 75-0751106).

Questions about UNITED CREDIT UNION

What is the EIN of UNITED CREDIT UNION?
The employer identification number (EIN) of UNITED CREDIT UNION is 75-0751106.
Is UNITED CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to UNITED CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does UNITED 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 UNITED 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 UNITED 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 are the officers and directors of UNITED CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $90,117 (SHERRI MCELYEA, PRESIDENT).
How much revenue does UNITED CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,449,714, expenses of $1,366,079 and total assets of $28,481,321 at year end.

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