Program areas at ECU
The largest Credit Union in central Texas, Educators Credit Union meets the financial needs of its members by providing a wide variety of services at competitive rates in seven convenient locations. The Credit Union serves more than 36,000 members who live, work, or attend school in the Texas counties of mclennan, bosque, bell, limestone, falls, hamilton, hill, coryell, and lampassas.
Personnel at ECU
| Name | Title | Compensation | Date of data |
|---|
| William Palasota | Chief Executive Officer | $424,226 | 2024-11-16 |
| Sharon Schroeder | Vice President Accounting | $302,689 | 2023-12-31 |
| Rachel E Wilde | Marketing Director | $125,856 | 2023-12-31 |
| Ryan Gonzales | It Director | $173,133 | 2023-12-31 |
Financials for ECU
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $2,308,083 | $2,366,235 | -2.5% |
| Investment income and dividends | $19,400,370 | $12,254,140 | 58.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $-16,291 | $-16,149 | -0.9% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $9,071 | $0 | 999% |
| Total revenues | $21,701,233 | $14,604,226 | 48.6% |
Organizations like ECU
| Organization | Type | Location | Revenue |
|---|
| Velocity Credit Union | 501(c)(14) | Austin, TX | $55,312,889 |
| Relyon Credit Union | 501(c)(14) | Kaufman, TX | $7,689,603 |
| Eastex Credit Union | 501(c)(14) | Evadale, TX | $6,086,606 |
| Fivepoint Credit Union | 501(c)(14) | Nederland, TX | $58,838,375 |
| RGV Credit Union | 501(c)(14) | Harlingen, TX | $7,638,833 |
| Brazos Valley Schools Credit Union (BVSCU) | 501(c)(14) | Katy, TX | $45,539,811 |
| Prestige Community Credit Union | 501(c)(14) | Dallas, TX | $7,572,443 |
| Fort Worth Community Credit Union | 501(c)(14) | Bedford, TX | $61,144,057 |
| Texoma Community Credit Union (TCCU) | 501(c)(14) | Wichita Falls, TX | $19,964,567 |
| First Central Credit Union | 501(c)(14) | Waco, TX | $15,479,340 |
Data update history
March 6, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 16, 2024
Updated personnel
Identified 1 new personnel
October 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 3, 2023
Updated personnel
Identified 3 new personnel
August 29, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsProfessional associationsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsProvides scholarships
General information
- Address
- 501 W State Hwy 6
- Waco, TX 76712
- Metro area
- Waco, TX
- County
- McLennan County, TX
- Website URL
- edcu.com/home/home
- Phone
- (254) 776-7900
IRS details
- EIN
- 74-1129327
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1938
- 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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