Nonprofit · EIN 75-0813625
POSTEL FAMILY CREDIT UNION
Tax-exempt · WICHITA FALLS, TX 76308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,546,914 | $3,658,684 | $1,888,230 | $75,923,058 | $66,905,841 | $9,017,217 |
| December 31, 2023 | 990 | $3,880,261 | $3,661,258 | $219,003 | $73,418,928 | $65,734,008 | $7,684,920 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,319,835
- Investment income
- $611,085
- Other revenue
- $1,615,994
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $367,126
- Other salaries and wages
- $217,264
- Salaries, compensation and benefits (total)
- $1,168,779
- Professional fundraising fees
- $0
- Legal fees
- $24,011
- Accounting fees
- $42,000
- Occupancy
- $175,764
- Travel
- $12,360
- Depreciation
- $166,862
Balance sheet and other
- Total assets, start of year
- $72,069,814
- Total assets, end of year
- $75,923,058
- Total liabilities, end of year
- $66,905,841
- Net assets, end of year
- $9,017,217
- Land, buildings and equipment
- $8,610,720
- Gross receipts
- $5,546,914
- Employees
- 25
- Volunteers
- 7
- Year formed
- 1929
- 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 |
|---|---|---|---|
| Rick Hanson | President/CEO Officer | 40 | $142,406 |
| Steve Hanson | Vice President Chief Lending Officer Officer | 40 | $83,313 |
| Linda Frost | Vice President COO Officer | 40 | $81,341 |
| Candace Perez | AVP, Accounting Manager Officer | 40 | $59,773 |
| Joe Ryckoff | Board Chairman Trustee or director | 1 | $0 |
| Robert Fonck | Vice Chairman Trustee or director | 1 | $0 |
| John Luig Jr | Secretary Treasurer Trustee or director | 1 | $0 |
| Weldon Day | Board Member Trustee or director | 1 | $0 |
| Bill Presson | Board Member Trustee or director | 1 | $0 |
| Mark Beauchamp | Board Member Trustee or director | 1 | $0 |
| David Zentgraf | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rick Hanson | President/CEO Officer | 40 | $111,611 |
| Becky Alexander | Vice President/CFO Officer | 40 | $78,700 |
| Linda Frost | Vice President Operations Officer | 40 | $76,988 |
| Steve Hanson | Vice President/Chief Lending Officer Officer | 40 | $73,118 |
| Joe Ryckoff | Board Chairman Trustee or director | 1 | $0 |
| Robert Fonck | Board Vice Chairman Trustee or director | 1 | $0 |
| John Luig Jr | Board Secretary/Treasurer Trustee or director | 1 | $0 |
| Weldon Day | Board Member Trustee or director | 1 | $0 |
| William Presson | Board Member Trustee or director | 1 | $0 |
| Mark Beauchamp | Board Member Trustee or director | 1 | $0 |
| David Zentgraf | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4400 MAPLEWOOD AVE, WICHITA FALLS, TX 76308-3816
- Principal officer (990 for 2024)
- Rick Hanson, 4400 Maplewood Avenue, Wichita Falls, TX 76308
- Signed the 990
- Candace Walker, AVP, Accounting Manager
- Phone
- (940) 761-8600
- Website
- www.postelcu.com
Mission
Provider of credit union financial services.
Program accomplishments
- Share Accounts: Postel Family Credit Union had 5,748 members as of December 31, 2024. Member savings accounts pay dividends monthly. These accounts can be accessed through the branch network, home banking via the internet, mobile devices, telephone network and ATM's worldwide. Special savings accounts designed for children and teenagers encourage the development of consistent savings habits.
- Checking Accounts: Postel Family Credit Union provides checking accounts for its members. Dividends are paid monthly. The credit union offers debit cards, internet access to accounts, mobile access, remote deposit and free use of the internet bill payer platform.
- Consumer Loans: Postel Family Credit Union offers loans for vehicles, boats, motorcycles, mortgages, unsecured purposes and recreational vehicles.
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
- 75-0813625
- 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)
- $75,923,058
- Income (IRS master file)
- $5,546,914
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,546,914 | $3,658,684 | $75,923,058 | XML |
| 990 | December 2023 | $3,880,261 | $3,661,258 | $73,418,928 | XML |
| 990 | December 2022 | $3,582,610 | $3,175,264 | $75,778,596 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-0813625).
Questions about POSTEL FAMILY CREDIT UNION
- What is the EIN of POSTEL FAMILY CREDIT UNION?
- The employer identification number (EIN) of POSTEL FAMILY CREDIT UNION is 75-0813625.
- Is POSTEL FAMILY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to POSTEL FAMILY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POSTEL FAMILY 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 POSTEL FAMILY 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 POSTEL FAMILY 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 POSTEL FAMILY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Rick Hanson.
- Who are the officers and directors of POSTEL FAMILY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $142,406 (Rick Hanson, President/CEO).
- How much revenue does POSTEL FAMILY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,546,914, expenses of $3,658,684 and total assets of $75,923,058 at year end.
Other nonprofits in WICHITA FALLS
- UNITED REGIONAL HEALTH CARE SYSTEM INC EIN 75-1912147 · last filed 990 for 2024
- WORK SERVICES CORPORATION EIN 75-2247311 · last filed 990 for 2025
- UNION SQUARE CREDIT UNION EIN 75-0971964 · last filed 990 for 2024
- NORTH CENTRAL TEXAS COMMUNITY HEALTH CARE CENTER INC EIN 75-2429644 · last filed 990 for 2025
- UNITED REGIONAL PHYSICIAN GROUP EIN 75-2925491 · last filed 990 for 2024
- TEXOMA COMMUNITY CREDIT UNION EIN 75-0896179 · last filed 990 for 2025
- HOSPICE OF WICHITA FALLS INC EIN 75-1959654 · last filed 990 for 2024
- WICHITA FALLS AREA FOOD BANK EIN 75-1812865 · last filed 990 for 2025