FIRST CENTRAL CREDIT UNION

WACO, TX | McLennan County
Economic Development

Overview

FIRST CENTRAL CREDIT UNION
74-1137995
6201 SANGER AVE
WACO, TX 76710
McLennan County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
251
Credit union
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/21/2018
Native American CDFI info
N
Financial Institution Type info
Credit Union
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$714,000
CDFI Financial Assistance
2018
$115,915
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$9.6M
Revenue
$9.6M
Assets
$96.9M
Exempt Ruling Date info
1976-06
Deductibility Status info
Not Deductible
Last Tax Filing info
2019
Organization Type info
Association
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Subordinate Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

Nonprofit Location

Physical Address info
6201 SANGER AVE
WACO, TX 76710
McLennan County
FIPS Geocoded Address info
47380
MSA/CBSA info
48
State info
309
County info
0025.01
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Waco, TX
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 51.24%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0025.01 McLennan County
Population
Total Population 4,621 251,089
Total Households 2,120 90,054
Income
Median Family Income (Census*) $40,804 $49,778
Median Family Income (2019 FFIEC) $64,000 N/A
Tract Income Percentage 75.52% N/A
Below Poverty Level 22.5% 19.2%
Unemployment Level 5.0% 4.2%
Housing
Total Housing Units 2,207 101,142
Total Owner-Occupied Units 40.3% 59.2%
Total Renter-Occupied Units 55.7% 40.8%
Total Vacant Units 3.9% 5.8%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

8
Total Voting Members
in Governing Body
info
8
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Jo Betsy Tyler
President & CEO
(254) 776-9333
Principal Officer info
Jo Betsy Tyler
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.