#456 of 500 · Member & Benefit Funds

Texas Dow Employees Credit Union

EIN 74-1260543 · TX · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit financial cooperative headquartered in Lake Jackson, Texas, founded in 1955 by Dow Chemical employees. One of the largest credit unions in Texas, it provides consumer banking services including checking and savings accounts, loans, mortgages, credit cards, and digital banking to hundreds of thousands of members across the state. It operates on a member-focused, people-helping-people cooperative model and supports community initiatives in education, health, and economic development.

Financials, fiscal 2023

Revenue

$348.7M

Expenses

$315.8M

Total assets

$4.69B

Net assets

$465.4M

Operating margin

9.4%

1-year growth

14.1%

5-year growth (CAGR)

8.8%

Reserve (years of spending)

17.7

Contributions share

n/a

Programme spending

87.3%

Fundraising cost

n/a

Executive pay share

1.46%

Employees

1,118

Revenue per employee

$312K

Grants paid

$496K

Years filing

47

NFP Health Score: 70 / 100

Financial 64 · Governance 65 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To improve lives — helping members and their communities navigate their financial journeys, guided by the philosophy of people helping people.

Revenue history