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Filing year 2023

RAVE FINANCIAL CREDIT UNION

Beaumont, Texas·EIN 74-1115584·NTEE W61 · Public & Societal Benefit·501(c)(14)
Total revenue
$62.2M
Total assets
$1.1B
Total expenses
$52.6M
Reported officers
27
Mission

TO ENRICH PEOPLE'S LIVES ONE EXPERIENCE AT A TIME.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

President/ceo
Above 90th percentilevs Public & Societal Benefit peers in Texas
$522k
$570k
Base
$432k
Bonus
$24k
Other
$9k
Benefits
$8k
Chief Experience Officer
Officer (Unspecified)
$470k
$514k
Base
$267k
Bonus
$12k
Other
$114k
Benefits
$8k
Chief Financial Officer
Above 90th percentile
$408k
$445k
Base
$268k
Bonus
$14k
Other
Benefits
$14k
Chief Technology Officer
Officer (Unspecified)
$398k
$434k
Base
$268k
Bonus
$13k
Other
$2k
Benefits
$1k
Chief Legal Counsel
Officer (Unspecified)
$311k
$340k
Base
$267k
Bonus
$14k
Other
Benefits
$8k
Chief Marketing Officer
Officer (Unspecified)
$287k
$313k
Base
$254k
Bonus
$11k
Other
Benefits
$1k
AVP Sr. Commercial Lender
Key Employee
Median to 75th percentile
$229k
$250k
Base
$193k
Bonus
$8k
Other
Benefits
$14k
VP of Finance & Analytics
Board Vice President
Median to 75th percentile
$206k
$225k
Base
$168k
Bonus
$7k
Other
Benefits
$18k
VP of Human Resources
Board Vice President
Median to 75th percentile
$206k
$225k
Base
$167k
Bonus
$7k
Other
Benefits
$12k
VP of Consumer Lending
Board Vice President
Median to 75th percentile
$205k
$224k
Base
$169k
Bonus
$9k
Other
Benefits
$1k
VP of Experience Centers
Board Vice President
25th percentile to median
$186k
$203k
Base
$156k
Bonus
$6k
Other
Benefits
$12k
VP of Virutal Services
Board Vice President
25th percentile to median
$163k
$178k
Base
$133k
Bonus
$5k
Other
Benefits
$12k
AVP of Support Services
Highest Compensated Employee
25th percentile to median
$159k
$174k
Base
$121k
Bonus
$5k
Other
Benefits
$13k
Commercial Lending & Services Mngr
Highest Compensated Employee
25th percentile to median
$156k
$170k
Base
$124k
Bonus
$7k
Other
Benefits
$13k
VP of Projects and Innovation
Board Vice President
25th percentile to median
$156k
$170k
Base
$125k
Bonus
$5k
Other
Benefits
$13k
Sr System and Application Programmer
Highest Compensated Employee
25th percentile to median
$148k
$162k

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.

Plus 11 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at RAVE FINANCIAL CREDIT UNION equaled 1.0% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2023)
1.0%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 14%
from 2022

From $458k in 2022 to $522k in 2023.

$458k
2022
$522k
2023
In today's dollarsEst.
Up 9% in real terms$523k to $570k

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 rose 14% from 2022 to 2023, while revenue rose 332%.

$458k in 2022 to $522k in 2023.
  • Chief Financial Officer pay rose 53% from 2022 to 2023.
  • Key Employee pay rose 17% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about RAVE FINANCIAL CREDIT UNION

What does the Chief Executive Officer of RAVE FINANCIAL CREDIT UNION earn?

In 2023, the Chief Executive Officer of RAVE FINANCIAL CREDIT UNION received $521,887 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations in Texas: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at RAVE FINANCIAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations in Texas, the 2023 pay of the Chief Executive Officer at RAVE FINANCIAL CREDIT UNION falls in the top 10%. In 2023, the highest total compensation at RAVE FINANCIAL CREDIT UNION equaled 1.0% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are RAVE FINANCIAL CREDIT UNION's revenue and expenses?

In 2023, RAVE FINANCIAL CREDIT UNION reported $62.2M in total revenue and $52.6M in total expenses on its IRS Form 990.

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