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Filing year 2024

FIRST BASIN CREDIT UNION

Odessa, Texas·EIN 75-1084210·14
Total revenue
$19.7M
Total assets
$309.9M
Total expenses
$18.4M
Reported officers
11
Mission

THE PURPOSE OF THE CREDIT UNION IS TO ENCOURAGE THRIFT AMONG MEMBERS, PROVIDE CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDE AN OPPORTUNITY TO IMPROVE THE MEMBER'S ECONOMIC CONDITION.

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2024

President/ceo/director
$408k
$433k
Base
$327k
Bonus
$28k
Other
$5k
Benefits
$21k
Chief Marketing Officer
key employee
$250k
$265k
Base
$193k
Bonus
$24k
Other
Benefits
$21k
Chief Lending Officer
highest compensated employee
$175k
$185k
Base
$160k
Bonus
$2k
Other
Benefits
$7k
Chief Financial Officer
$173k
$184k
Base
$158k
Bonus
$3k
Other
Benefits
$8k
Chief Operations Officer
highest compensated employee
$171k
$182k
Base
$147k
Bonus
$2k
Other
$2k
Benefits
$20k
Chief Retail Officer
highest compensated employee
$164k
$174k
Base
$157k
Bonus
$2k
Other
Benefits
$348
Chaiperson
board member
$5k
$5k
Board Treasurer
board treasurer
$5k
$5k
Board Member
board member
$5k
$5k
Board Secretary
board secretary
$4k
$5k
Board Vice Chairperson
board chair
$4k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 13%
from 2023

From $470k in 2023 to $408k in 2024.

$470k
2023
$408k
2024
In today's dollarsEst.
Down 16% in real terms$514k to $433k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FIRST BASIN CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$19.9M
$18.9M
2023
$19.7M
$18.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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