Community Resource Credit Union
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Organization summary
Type of Nonprofit
Designated as a State-chartered credit unions and mutual reserve funds.
Donations to this organization are not tax deductible.
Details
According to its Dec. 2023 tax filing, this nonprofit:
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.
Summary charts: organization finances over time
Revenue $56M (2023)
Expenses $50.6M (2023)
Total Assets $849M (2023)
Total Liabilities $781M (2023)
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.
2023
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$56,032,649
Expenses
$50,569,493
Net Income
$5,463,156
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $51,925,287 |
92.7%
|
| Investment Income | $3,007,194 |
5.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$10,590 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $1,110,758 |
2.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $2,215,144 |
4.4%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $11,080,968 |
21.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $848,944,025 | |
| Total Liabilities | $781,327,311 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Russell Ballard (President/Ceo) | $866,355 | $0 | $41,362 |
| Brenda Weinberger (Evp) | $321,426 | $0 | $35,896 |
| Tammy Lockette (Svp / Cio) | $284,738 | $0 | $27,196 |
Document Links
990
Filed on Nov. 15, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$47,539,964
Expenses
$39,302,500
Net Income
$8,237,464
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $44,849,994 |
94.3%
|
| Investment Income | $1,385,735 |
2.9%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $1,304,235 |
2.7%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,734,886 |
4.4%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $11,181,430 |
28.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $763,924,806 | |
| Total Liabilities | $702,381,216 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Russell Ballard (President/Ceo) | $453,904 | $0 | $132,006 |
| Deena Smith (Cfo/Svp) | $275,700 | $0 | $34,190 |
| Travis Smith (Vp Financial Advisor) | $266,667 | $0 | $78,452 |
Document Links
990
Filed on Nov. 15, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$43,169,320
Expenses
$33,604,914
Net Income
$9,564,406
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $41,399,724 |
95.9%
|
| Investment Income | $855,366 |
2.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$1,642 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $915,872 |
2.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,439,716 |
4.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $10,000,207 |
29.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $712,967,542 | |
| Total Liabilities | $651,371,148 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Russell Ballard (President/Ceo) | $381,979 | $0 | $114,661 |
| Travis Smith (Vp Financial Advisor) | $345,884 | $0 | $58,183 |
| Deena Smith (Cfo/Svp) | $236,381 | $0 | $26,423 |
Document Links
990
Filed on Nov. 10, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$39,577,524
Expenses
$36,434,750
Net Income
$3,142,774
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $39,355,106 |
99.4%
|
| Investment Income | $484,141 |
1.2%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$96,508 | |
| Net Inventory Sales | $0 | |
| Other Revenue | -$165,215 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,206,975 |
3.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $9,467,239 |
26.0%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $643,446,616 | |
| Total Liabilities | $594,219,072 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Russell Ballard (Executive Vp) | $314,665 | $0 | $108,034 |
| Travis Smith (Vp Financial Advisor) | $265,212 | $0 | $49,803 |
| Deena Smith (Cfo/Svp) | $212,507 | $0 | $20,112 |
Document Links
990
Filed on Nov. 15, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$40,320,206
Expenses
$34,609,227
Net Income
$5,710,979
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $38,977,029 |
96.7%
|
| Investment Income | $1,144,590 |
2.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $12,899 |
0.0%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $185,688 |
0.5%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,454,458 |
4.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $9,113,815 |
26.3%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $564,704,064 | |
| Total Liabilities | $515,768,539 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| David Frazier (President/Ceo) | $466,125 | $0 | $48,596 |
| Russell Ballard (Executive Vp) | $276,426 | $0 | $79,749 |
| Travis Smith (Vp Financial Advisor) | $218,980 | $0 | $46,259 |
Document Links
990
Filed on Nov. 16, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$37,341,886
Expenses
$31,709,585
Net Income
$5,632,301
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $35,906,349 |
96.2%
|
| Investment Income | $1,438,089 |
3.9%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$2,552 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $1,141,782 |
3.6%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $8,515,930 |
26.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $520,367,685 | |
| Total Liabilities | $476,255,463 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| David Frazier (President/Ceo) | $355,553 | $0 | $49,356 |
| Travis Smith (Vp Financial Advisor) | $248,979 | $0 | $42,060 |
| Deena Smith (Svp/Cfo) | $226,671 | $0 | $19,293 |
Document Links
990
Filed on Nov. 12, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$31,412,735
Expenses
$28,965,715
Net Income
$2,447,020
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $30,967,833 |
98.6%
|
| Investment Income | $448,507 |
1.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$3,605 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $796,848 |
2.8%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $8,354,551 |
28.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $499,269,426 | |
| Total Liabilities | $461,708,422 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| David Frazier (President/Ceo) | $326,496 | $0 | $52,286 |
| Russell Ballard (Executive Vp) | $191,269 | $0 | $60,100 |
| Tammy Lockette (Vp Information Technology) | $158,458 | $0 | $22,153 |
Document Links
990
Filed on Nov. 13, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$28,248,330
Expenses
$25,941,804
Net Income
$2,306,526
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $27,658,751 |
97.9%
|
| Investment Income | $461,993 |
1.6%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $127,586 |
0.5%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $788,819 |
3.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $421,898,239 | |
| Total Liabilities | $386,421,838 |
Other
Reported conflict of interest transactions
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| D Frazier (President/Ceo) | $360,886 | $0 | $50,803 |
| R Ballard (Executive Vp) | $170,383 | $0 | $48,786 |
| D Smith (Svp/Cfo) | $142,791 | $0 | $15,170 |
Document Links
990
Filed on Aug. 24, 2017Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2015
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$25,786,379
Expenses
$22,449,749
Net Income
$3,336,630
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $25,194,894 |
97.7%
|
| Investment Income | $522,843 |
2.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $68,642 |
0.3%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $751,487 |
3.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $6,461,278 |
28.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $380,061,947 | |
| Total Liabilities | $345,708,440 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| D Frazier (President/Ceo) | $346,973 | $0 | $43,234 |
| R Head (Sr. Vp Financial Advisor) | $225,644 | $0 | $89,602 |
| R Ballard (Executive Vp) | $166,462 | $0 | $41,459 |
Document Links
990
Filed on Oct. 27, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2014
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$23,591,520
Expenses
$21,371,176
Net Income
$2,220,344
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $22,438,589 |
95.1%
|
| Investment Income | $841,288 |
3.6%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $311,643 |
1.3%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $576,763 |
2.7%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $6,489,994 |
30.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $355,045,620 | |
| Total Liabilities | $323,461,460 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| R Head (Sr. Vp Financial Advisor) | $246,979 | $0 | $83,635 |
| D Frazier (Ceo/President) | $209,812 | $0 | $42,463 |
| R Ballard (Executive Vp) | $141,269 | $0 | $40,779 |
Document Links
990
Filed on Aug. 14, 2015Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2013
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$21,255,809
Expenses
$20,579,131
Net Income
$676,678
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $20,096,278 |
94.5%
|
| Investment Income | $1,159,531 |
5.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $600,387 |
2.9%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $6,298,713 |
30.6%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $329,236,688 | |
| Total Liabilities | $300,871,187 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| D Frazier (Ceo/President) | $253,943 | $0 | $29,576 |
| R Head (Sr. Vp Financial Advisor) | $239,884 | $0 | $50,119 |
| R Ballard (Executive Vp) | $155,782 | $0 | $30,115 |
Document Links
990
Filed on Sept. 4, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2012
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$21,277,590
Expenses
$19,292,987
Net Income
$1,984,603
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $19,621,664 |
92.2%
|
| Investment Income | $1,655,926 |
7.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $632,262 |
3.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $5,451,622 |
28.3%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $305,918,280 | |
| Total Liabilities | $277,772,328 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Dec.
2011
Extracted Financial Data
Extracted Financial Data from Form 990
Revenue
$19,900,738
Expenses
$17,864,576
Net Income
$2,036,162
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $0 | |
| Program Services | $18,663,397 |
93.8%
|
| Investment Income | $1,189,010 |
6.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $48,331 |
0.2%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $614,356 |
3.4%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $4,930,556 |
27.6%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $292,266,166 | |
| Total Liabilities | $265,840,059 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
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
990
Primary tax return for a nonprofit’s activities, finances, and governance
About 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.