Educators Credit Union

Fiscal year ending 2024. Filed on July 3, 2025.

501 W State Hwy 6
Waco, Texas 76712

Educators Credit Union (EIN: 74-1129327) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Educators Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 5 out of 63 total employees. Among the employees shown here, the average compensation is $321,479. The highest compensated employee at Educators Credit Union is William Palasota with fiscal year 2024 compensation of $565,647.

Revenue, expenses, and employee compensation

Revenue

$24,524,556

Expenses

$14,577,761

Employee compensation

$4,684,484

Reported Compensated Employees

$494,549 from orgNo related comp$71,098 other

＋30.9%vs 2023

Sharon Schroeder

Vice President, Accounting

$452,192

$393,565 from orgNo related comp$58,627 other

＋5.2%vs 2023

Ryan Gonzales

Information Technology Director

$219,598

$185,420 from orgNo related comp$34,178 other

＋1.8%vs 2023

Monica Krenek

Vice President, Lending

$197,574

$165,852 from orgNo related comp$31,722 other

$143,476 from orgNo related comp$28,908 other

Non-Employee Board Members

Mission Statement

EDUCATORS CREDIT UNION IS COMMITTED TO PROVIDING SOUND FINANCIAL SERVICES, WHICH ARE BENEFICIAL TO THE MEMBER OWNER. THE CREDIT UNION WILL ACCOMPLISH THIS IN A CARING AND PROFESSIONAL MANNER.