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  4. Education Credit Union (ECU)
EIN 75-0693720

Education Credit Union (ECU)

IRS 501(c) type
501(c)(14)
Num. employees
192
City
Amarillo
State
Texas
Year formed
1935
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Education Credit Union provides its membership with a range of financial services, aiming to be their preferred provider. Its share and deposit products include savings, checking, health savings, and money market accounts. Additionally, ECU offers IRA products that are federally insured up to $250,000 per depositor at competitive rates.
Related structure
ECU is child organization, under the parent exemption from Credit Union Department of Texas.
Total revenues
$37,228,551
2023
Total expenses
$36,435,953
2023
Total assets
$477,792,609
2023
Num. employees
192
2023

Program areas at ECU

ECU offers its members federally isured certificates of deposit at competitive rates.
ECU offers IRA products that are federally insured up to $250,000 per depositor, at competitive rates
ECU offers share and deposit products that include savings, checking, health savings, and money market accounts.

Personnel at ECU

NameTitleCompensation
Marcus SmithChief Executive Officer$357,585
William GlassVice President of Operations$167,803
Lindsey MurphyVice President Marketing$138,032
Jacque BagotSenior Vice President of Information Sys$284,458
Adrian AleandreVice President Mortgage Lending$153,879
...and 14 more key personnel

Financials for ECU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$23,268,948
Investment income and dividends$1,592,085
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,367,518
Total revenues$37,228,551

Form 990s for ECU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-26990View PDF
2022-122023-05-14990View PDF
2021-122022-10-17990View PDF
2020-122021-04-29990View PDF
2019-122020-10-22990View PDF
...and 11 more Form 990s

Organizations like ECU

OrganizationLocationRevenue
Firstmark Credit UnionSan Antonio, TX$60,165,832
Plus4 Credit UnionHouston, TX$9,356,644
Educators Credit Union (ECU)Waco, TX$14,604,226
Amplify Credit UnionAustin, TX$86,404,873
Alliance Credit UnionLubbock, TX$32,897,518
City Credit UnionDallas, TX$32,829,451
My Community Credit UnionMidland, TX$35,098,716
Schlumberger Employees Credit UnionSugar Land, TX$30,696,831
First Central Credit UnionWaco, TX$11,296,325
Union Square Credit UnionWichita Falls, TX$34,027,572
Data update history
July 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 16, 2024
Used new vendors
Identified 1 new vendor, including
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 21, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 12, 2023
Used new vendors
Identified 10 new vendors, including , , , , , , , , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Memberships
General information
Address
6203 Hillside Rd
Amarillo, TX 79109
Metro area
Amarillo, TX
County
Randall County, TX
Website URL
educationcu.com/ 
Phone
(806) 358-7777
Facebook page
EducationCU 
Twitter profile
@educationcu 
IRS details
EIN
75-0693720
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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