RALLY CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- RALLY CREDIT UNION (EIN 74-1237070)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-30
- IRS object ID
- 202402749349301260
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-30T12:40:57-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4650 EAST 53RD STREET | AddressLine1Txt |
| City | DAVENPORT | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 528073479 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 741237070 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RALLY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RALL | BusinessNameControlTxt |
| Phone | 3619867300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2730 RODD FIELD ROAD | AddressLine1Txt |
| City | CORPUS CHRISTI | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78414 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARRIE HUFF | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 3619867300 | PhoneNum |
| Signature | 2024-09-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENIFER L CHASE | PreparerPersonNm |
| PTIN | P01306883 | PTIN |
| Phone | 5638884000 | PhoneNum |
| Preparation | 2024-09-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DANA SISK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2730 RODD FIELD ROAD | AddressLine1Txt |
| City | CORPUS CHRISTI | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78414 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $295,398,561 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.RALLYCU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 798 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $319,445 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $237,685,261 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $272,529,425 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,191,811 | PYInvestmentIncomeAmt |
| CY Investment Income | $22,869,136 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $245,877,072 | PYTotalRevenueAmt |
| CY Total Revenue | $295,398,561 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $50,522,265 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $56,107,616 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $122,496,932 | PYOtherExpensesAmt |
| CY Other Expenses | $185,529,152 | CYOtherExpensesAmt |
| PY Total Expenses | $173,019,197 | PYTotalExpensesAmt |
| CY Total Expenses | $241,636,768 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $72,857,875 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $53,761,793 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,104,675,190 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,302,657,272 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,589,789,208 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,739,655,182 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $514,885,982 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $563,002,090 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | RALLY CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO MEMBERS. WE PROVIDE AUTO, HOME AND BUSINESS LOANS TO THE COMMUNITY. AS OF DECEMBER 31, 2023, THE TOTAL NUMBER OF LOANS ISSUED WAS 120,807 AND THE TOTAL OUTSTANDING BALANCE OF LOANS ISSUED WAS $3,708,064,244. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RALLY CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. AS OF DECEMBER 31, 2023, THE TOTAL NUMBER OF MEMBERS WAS 221,386 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 400,661,AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $3,576,635,920. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RALLY CREDIT UNION ALSO PROVIDES ATM & ITM ACCESS TO MEMBERS. DURING 2023, THE TOTAL NUMBER OF ATM & ITM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 2,020,226. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 123878 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 798 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARRIE HUFF CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3619867300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2730 RODD FIELD ROAD | AddressLine1Txt |
| City | CORPUS CHRISTI | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78414 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JOHN CHAPMAN | ||||||||
| CHAIR | 3.00 | Yes (X) | Yes (X) | $14,400 | $0 | $0 | ||
| THELMA GARZA MANDEL | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| THERESA GONZALES | ||||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $13,200 | $0 | $0 | ||
| KENDRA KINNISON | ||||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $12,300 | $0 | $0 | ||
| SYLVIA MARTINEZ | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $12,000 | $0 | $0 | |||
| PEDRO RIVERA JR | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $12,600 | $0 | $0 | |||
| RICHARD B STONE | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $12,600 | $0 | $0 | |||
| GERALD VILLARREAL | ||||||||
| VICE CHAIR | 3.00 | Yes (X) | Yes (X) | $12,000 | $0 | $0 | ||
| ROBERT WESTRUP | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $12,300 | $0 | $0 | |||
| GERRY MORROW | ||||||||
| FORMER PRESIDENT/CEO | 40.00 | Yes (X) | $586,730 | $0 | $19,678 | |||
| DANA SISK | ||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $707,018 | $0 | $68,652 | |||
| CARRIE HUFF | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $343,643 | $0 | $54,142 | |||
| DANIEL DIBBLE | ||||||||
| CHIEF LENDING OFFICER | 40.00 | $435,411 | $0 | $50,906 | Yes (X) | |||
| SHANNON SRP | ||||||||
| CHIEF TECHNOLOGY OFFICER | 40.00 | $291,856 | $0 | $70,180 | Yes (X) | |||
| ROMAN ESCOBAR | ||||||||
| CHIEF REAL ESTATE OFFICER | 40.00 | $418,883 | $0 | $53,478 | Yes (X) | |||
| CYNTHIA RAMOS | ||||||||
| CHIEF OPERATIONS OFFICER | 40.00 | $461,312 | $0 | $40,068 | Yes (X) | |||
| VIRGINIA WHITHAM | ||||||||
| CHIEF HUMAN RESOURCES OFFICER | 40.00 | $386,061 | $0 | $46,640 | Yes (X) | |||
| ASHLEY SMITH | ||||||||
| CHIEF MARKETING OFFICER | 40.00 | $362,897 | $0 | $57,860 | Yes (X) | |||
| CLARE FOWLER | ||||||||
| FORMER SVP OPERATIONS TECHNOLOGY | 40.00 | $262,952 | $0 | $29,305 | Yes (X) | |||
| RICHARD PLATZ | ||||||||
| FORMER SVP CONSUMER LENDING | 40.00 | $173,121 | $0 | $16,794 | Yes (X) | |||
| JAMIE AGUILAR | ||||||||
| VP MORTGAGE ORIGINATION | 40.00 | $207,034 | $0 | $25,279 | Yes (X) | |||
| GERALD PENNINGTON | ||||||||
| VP INDIRECT AUTO LENDING | 40.00 | $249,268 | $0 | $40,609 | Yes (X) | |||
| ANITA CADENA | ||||||||
| VP AUDIT COMPLIANCE | 40.00 | $206,947 | $0 | $26,653 | Yes (X) | |||
| TERRI YOUNG | ||||||||
| VP BRANCH OPERATIONS | 40.00 | $203,140 | $0 | $18,813 | Yes (X) | |||
| MARIA KARACA | ||||||||
| SVP COMMERCIAL LENDING | 40.00 | $194,404 | $0 | $18,281 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,592,077 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $637,338 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FISERV | |||||
| PO BOX 208457 | DALLAS | TX | 75320 | SOFTWARE AND OPERATION SERVICES | $5,016,309 |
| MOOREHEAD DOTTS RYBAK | |||||
| 545 N UPPER BROADWAY STE 1100 | CORPUS CHRISTI | TX | 78401 | PROFESSIONAL SERVICES | $4,383,771 |
| CENTRE | |||||
| 16801 GREENSPOINT PARK DRIVE | HOUSTON | TX | 77060 | PROFESSIONAL SERVICES | $2,947,707 |
| FTSI | |||||
| 406 E HUNTINGTON DR STE 100 | MONROVIA | CA | 91016 | PROFESSIONAL SERVICES | $2,801,270 |
| Q2 EBANKING | |||||
| PO BOX 205970 | DALLAS | TX | 75320 | PROFESSIONAL SERVICES | $2,475,826 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 165 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $209,115,673 | $209,115,673 | |
| FEE INCOME | 522100 | $34,514,593 | $34,319,802 | $194,791 |
| INTERCHANGE INCOME | 522100 | $22,100,538 | $22,100,538 | |
| INSURANCE & OTHER OPERATING INCOM | 522100 | $6,746,899 | $6,622,245 | $124,654 |
| NON-OPERATING INCOME | 522100 | $51,722 | $51,722 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $272,529,425 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,417,564 | TotalRevenueColumnAmt |
| Exclusion | $22,417,564 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $451,572 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $451,572 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $451,572 | TotalRevenueColumnAmt |
| Exclusion | $451,572 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $295,398,561 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $272,209,980 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $319,445 | UnrelatedBusinessRevenueAmt |
| Exclusion | $22,869,136 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,937,587 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,715,249 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,671,820 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,691,637 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,091,323 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $753,093 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,500 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,249,933 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,178,375 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,424,152 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,971,774 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,253,708 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $512,929 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,442,392 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,964,882 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $590,644 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DIVIDENDS PAID TO MEMBE | $78,923,695 |
| PROVISION FOR CREDIT LO | $36,374,803 |
| ATM/ITM/DEBIT | $13,279,576 |
| LOAN SERVICING | $5,363,696 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241,636,768 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $396,902,073 | BOYAmt |
| EOY | $485,142,653 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,548,745,441 | BOYAmt |
| EOY | $3,650,453,791 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,285,124 | BOYAmt |
| EOY | $3,530,115 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $134,784,679 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $63,626,412 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,655,398 | BOYAmt |
| EOY | $71,158,267 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,511,512 | BOYAmt |
| EOY | $11,663,100 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,575,642 | BOYAmt |
| EOY | $80,709,346 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,104,675,190 | BOYAmt |
| EOY | $4,302,657,272 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,717,475 | BOYAmt |
| EOY | $13,019,263 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $150,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,566,071,733 | BOYAmt |
| EOY | $3,576,635,919 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,589,789,208 | BOYAmt |
| EOY | $3,739,655,182 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $514,885,982 | BOYAmt |
| EOY | $563,002,090 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $514,885,982 | BOYAmt |
| EOY | $563,002,090 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,104,675,190 | BOYAmt |
| EOY | $4,302,657,272 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $53,761,793 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$5,645,685 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,560,824 | OtherCostOrOtherBasisAmt |
| Book Value | $12,560,824 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $74,363,298 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,806,830 | DepreciationAmt |
| Book Value | $50,556,468 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,207,893 | OtherCostOrOtherBasisAmt |
| Depreciation | $635,631 | DepreciationAmt |
| Book Value | $572,262 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,629,557 | OtherCostOrOtherBasisAmt |
| Depreciation | $39,160,873 | DepreciationAmt |
| Book Value | $7,468,684 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,107 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,078 | DepreciationAmt |
| Book Value | $29 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,158,267 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SHARE ACCOUNTS (CHECKING/SAVINGS/CDS) | Desc |
| Amt | $3,576,635,919 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,576,635,919 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DANA SISK | ||||||||||||||
| PRESIDENT/CEO | $639,812 | $0 | $50,000 | $0 | $17,206 | $0 | $41,207 | $0 | $27,445 | $0 | $775,670 | $0 | $0 | $0 |
| GERRY MORROW | ||||||||||||||
| FORMER PRESIDENT/CEO | $432,071 | $0 | $150,000 | $0 | $4,659 | $0 | $13,200 | $0 | $6,478 | $0 | $606,408 | $0 | $0 | $0 |
| CYNTHIA RAMOS | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $423,025 | $0 | $35,000 | $0 | $3,287 | $0 | $28,299 | $0 | $11,769 | $0 | $501,380 | $0 | $28,578 | $0 |
| DANIEL DIBBLE | ||||||||||||||
| CHIEF LENDING OFFICER | $409,283 | $0 | $25,000 | $0 | $1,128 | $0 | $36,821 | $0 | $14,085 | $0 | $486,317 | $0 | $35,316 | $0 |
| ROMAN ESCOBAR | ||||||||||||||
| CHIEF REAL ESTATE OFFICER | $383,404 | $0 | $35,000 | $0 | $479 | $0 | $39,442 | $0 | $14,036 | $0 | $472,361 | $0 | $34,616 | $0 |
| VIRGINIA WHITHAM | ||||||||||||||
| CHIEF HUMAN RESOURCES OFFICER | $350,053 | $0 | $35,000 | $0 | $1,008 | $0 | $33,167 | $0 | $13,473 | $0 | $432,701 | $0 | $28,700 | $0 |
| ASHLEY SMITH | ||||||||||||||
| CHIEF MARKETING OFFICER | $326,958 | $0 | $35,000 | $0 | $939 | $0 | $33,429 | $0 | $24,431 | $0 | $420,757 | $0 | $26,684 | $0 |
| CARRIE HUFF | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $306,627 | $0 | $35,000 | $0 | $2,016 | $0 | $43,082 | $0 | $11,060 | $0 | $397,785 | $0 | $28,874 | $0 |
| SHANNON SRP | ||||||||||||||
| CHIEF TECHNOLOGY OFFICER | $256,116 | $0 | $35,000 | $0 | $740 | $0 | $44,023 | $0 | $26,157 | $0 | $362,036 | $0 | $0 | $0 |
| CLARE FOWLER | ||||||||||||||
| FORMER SVP OPERATIONS TECHNOLOGY | $240,750 | $0 | $20,000 | $0 | $2,202 | $0 | $10,356 | $0 | $18,949 | $0 | $292,257 | $0 | $13,263 | $0 |
| GERALD PENNINGTON | ||||||||||||||
| VP INDIRECT AUTO LENDING | $233,513 | $0 | $15,000 | $0 | $755 | $0 | $21,304 | $0 | $19,305 | $0 | $289,877 | $0 | $14,540 | $0 |
| ANITA CADENA | ||||||||||||||
| VP AUDIT COMPLIANCE | $191,432 | $0 | $15,000 | $0 | $515 | $0 | $8,549 | $0 | $18,104 | $0 | $233,600 | $0 | $0 | $0 |
| JAMIE AGUILAR | ||||||||||||||
| VP MORTGAGE ORIGINATION | $196,724 | $0 | $10,000 | $0 | $310 | $0 | $8,504 | $0 | $16,775 | $0 | $232,313 | $0 | $0 | $0 |
| TERRI YOUNG | ||||||||||||||
| VP BRANCH OPERATIONS | $191,703 | $0 | $10,000 | $0 | $1,437 | $0 | $8,128 | $0 | $10,685 | $0 | $221,953 | $0 | $0 | $0 |
| MARIA KARACA | ||||||||||||||
| SVP COMMERCIAL LENDING | $179,113 | $0 | $15,000 | $0 | $291 | $0 | $7,779 | $0 | $10,502 | $0 | $212,685 | $0 | $0 | $0 |
| RICHARD PLATZ | ||||||||||||||
| FORMER SVP CONSUMER LENDING | $155,512 | $0 | $15,000 | $0 | $2,609 | $0 | $7,086 | $0 | $9,708 | $0 | $189,915 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | IN TAX YEAR 2023, RALLY CREDIT UNION REIMBURSED TRAVEL EXPENSES FOR THE COMPANIONS TO DANA SISK, JOHN CHAPMAN, GERALD VILLARREAL, KENDRA KINNISON, THERESA GONZALES, RICHARD STONE, THELMA GARZA MANDEL, SYLVIA MARTINEZ, PEDRO RIVIERA JR, AND ROBERT WESTRUP. THE AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J. |
| PART I, LINE 4B | THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN 2023 SPONSORED BY RALLY CREDIT UNION. THE BENEFIT ACCRUAL AMOUNTS AND DISTRIBUTION AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J: ASHLEY SMITH - $20,229 BENEFIT ACCRUAL, $95,685 DISTRIBUTION DANA SISK - $29,177 BENEFIT ACCRUAL SHANNON SRP - $33,916 BENEFIT ACCRUAL DANIEL DIBBLE - $26,773 BENEFIT ACCRUAL, $126,639 DISTRIBUTION ROMAN ESCOBAR - $26,242 BENEFIT ACCRUAL, $124,128 DISTRIBUTION CLARE FOWLER - $7,152 BENEFIT ACCRUAL, $58,155 DISTRIBUTION GERALD PENNINGTON - $11,023 BENEFIT ACCRUAL, $52,139 DISTRIBUTION CYNTHIA RAMOS - $15,560 BENEFIT ACCRUAL, $124,757 DISTRIBUTION CARRIE HUFF - $40,050 BENEFIT ACCRUAL, $49,615 DISTRIBUTION VIRGINIA WHITHAM - $21,757 BENEFIT ACCRUAL, $102,915 DISTRIBUTION |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | RALLY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 7A | RALLY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER BEFORE IT IS SIGNED. THE FORM IS THEN PROVIDED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS PRIOR TO SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 15A | RALLY CREDIT UNION USES A THIRD-PARTY CONSULTANT, COMPEASE, TO COMPARE COMPENSATION OF SIMILAR POSITIONS AT COMPARABLE ORGANIZATION'S. RALLY CREDIT UNION'S COMPENSATION DATA IS MEASURED AGAINST THIS INDUSTRY SPECIFIC INFORMATION BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS THEN REVIEWS AND APPROVES COMPENSATION FOR THE PRESIDENT'S POSITION. RALLY CREDIT UNION KEEPS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING RELATED TO THE DELIBERATION AND DECISIONS RELATED TO THE COMPENSATION SETTING PROCESS. THE LAST TIME THIS PROCESS OCCURRED WAS IN FEBRUARY 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | RALLY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. |
| FORM 990, PART XI, LINE 9: | CHANGE IN OTHER COMPREHENSIVE INCOME 14,058,301. CURRENT EXPECTED CREDIT LOSS IMPLEMENTATION -19,703,986. |
| FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: | THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF JUNE 30TH, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST. |
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