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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations First Basin Credit Union

First Basin Credit Union

Fiscal year ending 2023. Filed on October 28, 2024.

7100 E Tx Hwy 191
Odessa, Texas 79765

First Basin Credit Union (EIN: 75-1084210) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, First Basin Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 145 total employees. Among the employees shown here, the average compensation is $231,635. The highest compensated employee at First Basin Credit Union is Shem Culpepper with fiscal year 2023 compensation of $470,266.

Revenue, expenses, and employee compensation

Revenue

$19,937,091

Expenses

$18,921,032

Employee compensation

$7,454,354
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Shem Culpepper
Chief Executive Officer
$470,266
$398,046 No related comp$72,220
Timothy O'Reilly
Chief Marketing Officer
$264,971
$224,441 No related comp$40,530
William Douglas Sypolt
Chief Lending Officer
$176,531
$165,420 No related comp$11,111
Bradley Stillwell
Chief Operating Officer
$160,626
$154,681 No related comp$5,945
Ana Gonzalez
Chief Financial Officer
$158,776
$148,271 No related comp$10,505
Julia Tarin
Chief Retail Officer
$158,641
$149,426 No related comp$9,215

Benchmark Employee Compensation

Non-Employee Board Members

Gary Windham
Board Secretary
$4,800
$4,800 No related compNo other comp
Samuel Gonzalez
Chaiperson
$4,800
$4,800 No related compNo other comp
Wesley Burnett
Board Member
$4,800
$4,800 No related compNo other comp
Cathy Laracuente
Board Member
$4,800
$4,800 No related compNo other comp
Rebecca Marler
Board Treasurer
$4,000
$4,000 No related compNo other comp
Steve Compton
Board Vice Chair
$2,000
$2,000 No related compNo other comp

Contractors

Jack Henry & Associates
Core System Provider
$851,815
Lanvera Ltd.
Member Statements Provider
$242,546
Jsa Architects
Construction
$201,643
Cowboys Stadium Lp
Business Development
$182,498
Pro Found Recovery Solutions
Recoveries
$168,903

Mission Statement

VOLUNTARY, COOPERATIVE, NOT-FOR-PROFIT SAVINGS INSTITUTION (CREDIT UNION) INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE A MEMBER'S ECONOMIC CONDITION.

Revisions to this organization profile

November 12, 2025:
2024 First Basin Credit Union 990 filed
October 28, 2024:
2023 First Basin Credit Union 990 filed
November 9, 2023:
2022 First Basin Credit Union 990 filed

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