Nonprofit · EIN 75-1054189
TARRANT COUNTYS CREDIT UNION
Tax-exempt · FORT WORTH, TX 76196
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,235,501 | $10,205,157 | $30,344 | $122,543,708 | $110,344,077 | $12,199,631 |
| December 31, 2024 | 990 | $9,477,657 | $8,612,497 | $865,160 | $117,877,545 | $105,925,747 | $11,951,798 |
| December 31, 2023 | 990 | $9,253,616 | $7,489,409 | $1,764,207 | $118,356,684 | $107,401,487 | $10,955,197 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,291,704
- Investment income
- $585,865
- Other revenue
- $357,932
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $863,955
- Other salaries and wages
- $2,012,802
- Salaries, compensation and benefits (total)
- $3,751,994
- Professional fundraising fees
- $0
- Legal fees
- $4,316
- Accounting fees
- $30,000
- Occupancy
- $255,749
- Depreciation
- $104,397
- Program services (functional)
- $10,205,157
Balance sheet and other
- Total assets, start of year
- $117,877,545
- Total assets, end of year
- $122,543,708
- Total liabilities, end of year
- $110,344,077
- Net assets, end of year
- $12,199,631
- Land, buildings and equipment
- $336,388
- Gross unrelated business income
- $118,657
- Gross receipts
- $10,235,501
- Employees
- 51
- Volunteers
- 10
- Year formed
- 1955
- 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 |
|---|---|---|---|
| Lily Newfarmer | CEO Officer, Key employee, Highest-paid employee | 50 | $298,198 |
| Carla Reeves | Executive VP Officer, Key employee | 50 | $194,601 |
| Karen Knight | VP of IT Highest-paid employee | 50 | $126,194 |
| Darlene Parker | VP of Lending Highest-paid employee | 50 | $125,133 |
| Jenny Hamilton | VP of Operations Highest-paid employee | 50 | $119,829 |
| Alan Thomas | Chairman Trustee or director, Officer | 1 | $0 |
| Craig Maxwell | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Travis Yarbrough | Secretary Trustee or director, Officer | 1 | $0 |
| Judy McDonald | Treasurer Trustee or director, Officer | 1 | $0 |
| Jennifer Mitchell | Director Trustee or director | 1 | $0 |
| Tom Spencer | Director Trustee or director | 1 | $0 |
| Kylie Giancotti | Director Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lily Newfarmer | CEO Officer, Key employee, Highest-paid employee | 50 | $279,958 |
| Carla Reeves | Executive VP Officer, Key employee | 50 | $184,856 |
| Karen Knight | VP of IT Officer, Key employee, Former | 50 | $123,745 |
| Alan Thomas | Chairman Trustee or director, Officer | 1 | $0 |
| Craig Maxwell | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Travis Yarbrough | Secretary Trustee or director, Officer | 1 | $0 |
| Judy McDonald | Treasurer Trustee or director, Officer | 1 | $0 |
| Robert Carter | Director Trustee or director | 1 | $0 |
| Tom Spencer | Director Trustee or director | 1 | $0 |
| Kylie Giancotti | Director Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lily Newfarmer | CEO Officer, Key employee, Highest-paid employee | 50 | $277,574 |
| Carla Reeves | Executive VP Officer, Key employee | 50 | $185,659 |
| Karen Knight | VP of IT Officer, Key employee, Former | 50 | $122,880 |
| Alan Thomas | Chairman Trustee or director, Officer | 1 | $0 |
| Craig Maxwell | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Tom Spencer | Secretary Trustee or director, Officer | 1 | $0 |
| Judy McDonald | Treasurer Trustee or director, Officer | 1 | $0 |
| Robert Carter | Director Trustee or director | 1 | $0 |
| Travis Yarbrough | Director Trustee or director | 1 | $0 |
| Kylie Giancotti | Director Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 200 TAYLOR ST 215, FORT WORTH, TX 76196-0208
- Principal officer (990 for 2025)
- Lily Newfarmer, 200 Taylor St, Fort worth, TX 76102
- Signed the 990
- Lily Newfarmer, President
- Phone
- (817) 884-1470
- Website
- www.tarantcu.org
- Return prepared by
- Greg R Schmidt CPA
Mission
To provide our members with the best possible financial services
Program accomplishments
- Loans of all types are made to members of the credit union
- Savings accounts for members of the credit union
- Checking accounts for members of the credit union
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
- 75-1054189
- 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)
- $122,543,708
- Income (IRS master file)
- $10,235,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,235,501 | $10,205,157 | $122,543,708 | IRS |
| 990 | December 2024 | $9,477,657 | $8,612,497 | $117,877,545 | XML |
| 990 | December 2023 | $9,253,616 | $7,489,409 | $118,356,684 | XML |
| 990 | December 2022 | $6,675,204 | $6,387,947 | $119,584,304 | 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 75-1054189).
Questions about TARRANT COUNTYS CREDIT UNION
- What is the EIN of TARRANT COUNTYS CREDIT UNION?
- The employer identification number (EIN) of TARRANT COUNTYS CREDIT UNION is 75-1054189.
- Is TARRANT COUNTYS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to TARRANT COUNTYS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TARRANT COUNTYS 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 TARRANT COUNTYS CREDIT UNION 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 TARRANT COUNTYS CREDIT UNION 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 TARRANT COUNTYS CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Lily Newfarmer.
- Who are the officers and directors of TARRANT COUNTYS CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 12 people; 5 received compensation from the organization, the highest $298,198 (Lily Newfarmer, CEO).
- How much revenue does TARRANT COUNTYS CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,235,501, expenses of $10,205,157 and total assets of $122,543,708 at year end.
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