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Filing year 2024

FIRST BASIN CREDIT UNION

Odessa, Texas·EIN 75-1084210·501(c)(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 · Part VII & Schedule J · 11 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo/director
Above 90th percentile
$408k
$433k
Base
$327k
Bonus
$28k
Other
$5k
Benefits
$21k
Chief Marketing Officer
Key Employee
Median to 75th percentile
$250k
$265k
Base
$193k
Bonus
$24k
Other
Benefits
$21k
Chief Lending Officer
Highest Compensated Employee
Median to 75th percentile
$175k
$185k
Base
$160k
Bonus
$2k
Other
Benefits
$7k
Chief Financial Officer
75th to 90th percentile
$173k
$184k
Base
$158k
Bonus
$3k
Other
Benefits
$8k
Chief Operations Officer
Highest Compensated Employee
Median to 75th percentile
$171k
$182k
Base
$147k
Bonus
$2k
Other
$2k
Benefits
$20k
Chief Retail Officer
Highest Compensated Employee
25th percentile to median
$164k
$174k
Base
$157k
Bonus
$2k
Other
Benefits
$348
Chaiperson
Board Member
25th percentile to median
$5k
$5k
Board Treasurer
Median to 75th percentile
$5k
$5k
Board Member
25th percentile to median
$5k
$5k
Board Secretary
25th percentile to median
$4k
$5k
Board Vice Chairperson
Board Chair
10th to 25th percentile
$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.

Pay for the position

Chief Executive Officer pay fell 13% from 2023 to 2024, while revenue fell 1%.

$470k in 2023 to $408k in 2024.
  • Key Employee pay fell 6% from 2023 to 2024.
  • Highest Compensated Employee pay fell 1% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about FIRST BASIN CREDIT UNION

What does the Chief Executive Officer of FIRST BASIN CREDIT UNION earn?

In 2024, the Chief Executive Officer of FIRST BASIN CREDIT UNION received $408,332 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FIRST BASIN CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FIRST BASIN CREDIT UNION falls in the top 10%.

What are FIRST BASIN CREDIT UNION's revenue and expenses?

In 2024, FIRST BASIN CREDIT UNION reported $19.7M in total revenue and $18.4M in total expenses on its IRS Form 990.

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