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Rig Employees Credit Union

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Summary charts: organization finances over time

Revenue
$273k (2024)

Expenses
$208k (2024)

Total Assets
$6.13M (2024)

Total Liabilities
$3.73M (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$273,082
Expenses
$208,116
Net Income
$64,966
Net Assets
$2,398,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $150,523
55.1%
Investment Income $104,728
38.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,831
6.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $55,000
26.4%
Professional Fundraising Fees $0
Other Salaries and Wages $30,652
14.7%
Assets/Debt
Total Assets $6,133,824
Total Liabilities $3,734,983
Net Assets $2,398,841
Compensation
Key Employees and Officers Compensation Related Other
Tracy Simmons (President/Manager) $55,000 $0 $0
Rolly N Brown (Director/Credit Committe Member) $0 $0 $0
Raymon Timley (Credit Committee Chairman) $0 $0 $0
Allen Peeler (Director) $0 $0 $0
John Frazier (Director/Member Credit Committee) $0 $0 $0
Tony Hudson (Director) $0 $0 $0
James Morris Jr (Director) $0 $0 $0
Lucas Dunaway (Board Of Directors/Committee Member) $0 $0 $0
Carl Reed (Board Of Directors/Credit Committee Member) $0 $0 $0
William Partian (Member Board Of Directors) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$214,701
Expenses
$188,929
Net Income
$25,772
Net Assets
$2,333,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $145,534
67.8%
Investment Income $54,150
25.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,017
7.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $55,000
29.1%
Professional Fundraising Fees $0
Other Salaries and Wages $26,969
14.3%
Assets/Debt
Total Assets $6,815,022
Total Liabilities $4,481,147
Net Assets $2,333,875
Compensation
Key Employees and Officers Compensation Related Other
Tracy Simmons (President/Manager) $55,000 $0 $0
Rolly N Brown (Director/Credit Committe Member) $0 $0 $0
Raymon Timley (Credit Committee Chairman) $0 $0 $0
H Allen Peeler (Director) $0 $0 $0
John Frazier (Director/Member Credit Committee) $0 $0 $0
Tony Hudson (Director) $0 $0 $0
James Morris Jr (Director) $0 $0 $0
Lucas Dunaway (Board Of Directors/Committee Member) $0 $0 $0
Carl Reed (Board Of Directors/Credit Committee Member) $0 $0 $0
William Partian (Member Board Of Directors) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$192,794
Expenses
$201,547
Net Income
-$8,753
Net Assets
$2,308,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $132,197
68.6%
Investment Income $32,838
17.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,759
14.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $88,472
43.9%
Professional Fundraising Fees $0
Other Salaries and Wages $13,880
6.9%
Assets/Debt
Total Assets $7,710,751
Total Liabilities $5,402,648
Net Assets $2,308,103
Compensation
Key Employees and Officers Compensation Related Other
Tracy Simmons (President/Manager) $1,058 $0 $0
David Mullis (Director/Chairman) $0 $0 $0
Jimmy Dupree (Audit Committee Chairman) $0 $0 $0
Raymon Timley (Credit Committee Chairman) $0 $0 $0
W Lance Partain (Secretary) $0 $0 $0
H Allen Peeler (Director) $0 $0 $0
John Frazier (Director/Member Credit Committee) $0 $0 $0
Keith Jones (Director/Member Credit Committee) $0 $0 $0
Randy Pipkin (Director) $0 $0 $0
Tony Hudson (Director) $0 $0 $0
James Morris Jr (Director) $0 $0 $0
R Niel Brown (Director/Member Credit Committee) $0 $0 $0
Angela H Mann (Member Audit Committee) $0 $0 $0
Betty Williams (Member Audit Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,932
Expenses
$202,864
Net Income
$19,068
Net Assets
$2,319,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $134,693
60.7%
Investment Income $72,955
32.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,284
6.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $81,049
40.0%
Professional Fundraising Fees $0
Other Salaries and Wages $10,665
5.3%
Assets/Debt
Total Assets $8,127,230
Total Liabilities $5,807,731
Net Assets $2,319,499
Compensation
Key Employees and Officers Compensation Related Other
Melinda Spencer (Manager) $83,148 $0 $0
Mel Brown (Board Member Credit Committ) $0 $0 $0
Tony Hudson (Board Member Vice Chairman) $0 $0 $0
Randy Perkin (Board Member Assistant Secr) $0 $0 $0
Betty Williams (Audit Committee Member) $0 $0 $0
Angela Mann (Audit Committee Member) $0 $0 $0
James Morris Jr (Board Member) $0 $0 $0
Keith Jones (Board Member Credit Committ) $0 $0 $0
Raymond Timley (Chairman Credit Committee) $0 $0 $0
Jimmy Dupree (Chairman Audit Committee) $0 $0 $0
H Allen Peeler (Director) $0 $0 $0
John Frazier (Board Member Credit Committ) $0 $0 $0
David Mullis (Chairman Of Board) $0 $0 $0
W Lance Partain (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$229,617
Expenses
$203,051
Net Income
$26,566
Net Assets
$2,300,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $130,376
56.8%
Investment Income $82,374
35.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,867
7.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $78,168
38.5%
Professional Fundraising Fees $0
Other Salaries and Wages $12,478
6.1%
Assets/Debt
Total Assets $7,513,485
Total Liabilities $5,213,054
Net Assets $2,300,431
Compensation
Key Employees and Officers Compensation Related Other
Melinda Spencer (Manager) $78,168 $0 $0
H Allen Peeler (Director) $0 $0 $0
Jimmy Dupree (Chairman Audit Committee) $0 $0 $0
Raymond Timley (Chairman Credit Committee) $0 $0 $0
W Lance Partain (Secretary) $0 $0 $0
David Mullis (Chairman Of Board) $0 $0 $0
John Frazier (Board Member Credit Committ) $0 $0 $0
Keith Jones (Board Member Credit Committ) $0 $0 $0
Randy Perkin (Board Member Assistant Secr) $0 $0 $0
Tony Hudson (Board Member Vice Chairman) $0 $0 $0
Niel Brown (Board Member Credit Committ) $0 $0 $0
James Morris Jr (Board Member) $0 $0 $0
Angela Mann (Supervisory Committee Member) $0 $0 $0
Betty Williams (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,074
Expenses
$197,115
Net Income
$17,959
Net Assets
$2,273,865
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $126,412
58.8%
Investment Income $66,520
30.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,142
10.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $75,111
38.1%
Professional Fundraising Fees $0
Other Salaries and Wages $12,752
6.5%
Assets/Debt
Total Assets $7,638,816
Total Liabilities $5,364,951
Net Assets $2,273,865

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$195,906
Expenses
$188,068
Net Income
$7,838
Net Assets
$2,247,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $132,538
67.7%
Investment Income $44,061
22.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,307
9.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $72,752
38.7%
Professional Fundraising Fees $0
Other Salaries and Wages $12,069
6.4%
Assets/Debt
Total Assets $7,685,559
Total Liabilities $5,437,721
Net Assets $2,247,838

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$207,503
Expenses
$191,064
Net Income
$16,439
Net Assets
$2,240,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $145,687
70.2%
Investment Income $39,292
18.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,524
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $84,006
44.0%
Assets/Debt
Total Assets $7,473,627
Total Liabilities $5,233,627
Net Assets $2,240,000
Compensation
Key Employees and Officers Compensation Related Other
Melinda Spencer (Manager) $66,851 $0 $0
Robert Pruett (Chairman) $0 $0 $0
John Frazier (Board Member) $0 $0 $0
Raymond Timley (Credit Comm) $0 $0 $0
G Michael Garrett (Board Member) $0 $0 $0
Clay Moon (Board Member) $0 $0 $0
Tony Hudson (Board Member) $0 $0 $0
Jimmy Dupree (Audit Commit) $0 $0 $0
David Mullis (Board Member) $0 $0 $0
Lance Partain (Secretary) $0 $0 $0
Randy Pipkin (Board Member) $0 $0 $0
J Herbie Mrris (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,702
Expenses
$184,460
Net Income
$20,242
Net Assets
$2,223,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $148,979
72.8%
Investment Income $33,416
16.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,307
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $78,802
42.7%
Assets/Debt
Total Assets $7,735,592
Total Liabilities $5,512,031
Net Assets $2,223,561
Compensation
Key Employees and Officers Compensation Related Other
Robert Pruett (Chairman) $0 $0 $0
John Frazier (Board Member) $0 $0 $0
Raymond Timley (Credit Comm) $0 $0 $0
G Michael Garrett (Board Member) $0 $0 $0
Clay Moon (Board Member) $0 $0 $0
Tony Hudson (Board Member) $0 $0 $0
Jimmy Dupree (Audit Commit) $0 $0 $0
David Mullis (Board Member) $0 $0 $0
Lance Partain (Secretary) $0 $0 $0
Randy Pipkin (Board Member) $0 $0 $0
J Herbie Mrris (Board Member) $0 $0 $0
Melinda Spencer (Manager) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205,108
Expenses
$183,309
Net Income
$21,799
Net Assets
$2,203,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $151,343
73.8%
Investment Income $32,364
15.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,401
10.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $75,975
41.4%
Assets/Debt
Total Assets $7,446,760
Total Liabilities $5,243,441
Net Assets $2,203,319
Compensation
Key Employees and Officers Compensation Related Other
Robert Pruett (Chairman) $0 $0 $0
John Frazier (Board Member) $0 $0 $0
Raymond Timley (Credit Comm) $0 $0 $0
G Michael Garrett (Board Member) $0 $0 $0
Clay Moon (Board Member) $0 $0 $0
Tony Hudson (Board Member) $0 $0 $0
Jimmy Dupree (Audit Commit) $0 $0 $0
Brad Summers (Board Member) $0 $0 $0
David Mullis (Board Member) $0 $0 $0
Lance Partain (Secretary) $0 $0 $0
Randy Pipkin (Board Member) $0 $0 $0
Melinda Spencer (Manager) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$202,559
Expenses
$176,058
Net Income
$26,501
Net Assets
$2,181,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $144,424
71.3%
Investment Income $38,815
19.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,320
9.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $73,326
41.6%
Assets/Debt
Total Assets $7,336,672
Total Liabilities $5,155,152
Net Assets $2,181,520
Compensation
Key Employees and Officers Compensation Related Other
Melinda Spencer (Manager) $61,000 $0 $0
Robert Pruett (Chairman) $0 $0 $0
John Frazier (Board Member) $0 $0 $0
Raymond Timley (Credit Comm) $0 $0 $0
G Michael Garrett (Board Member) $0 $0 $0
Clay Moon (Board Member) $0 $0 $0
Tony Hudson () $0 $0 $0
Jimmy Dupree (Audit Commit) $0 $0 $0
Brad Summers () $0 $0 $0
David Mullis (Board Member) $0 $0 $0
George Baxter (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$199,968
Expenses
$194,534
Net Income
$5,434
Net Assets
$2,155,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $139,192
69.6%
Investment Income $45,969
23.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,807
7.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $71,121
36.6%
Assets/Debt
Total Assets $7,052,570
Total Liabilities $4,897,551
Net Assets $2,155,019

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$220,697
Expenses
$214,068
Net Income
$6,629
Net Assets
$2,149,584
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $150,649
68.3%
Investment Income $55,905
25.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,143
6.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $69,496
32.5%
Assets/Debt
Total Assets $7,024,987
Total Liabilities $4,875,403
Net Assets $2,149,584

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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