#456 of 500 · Member & Benefit Funds
Texas Dow Employees Credit Union
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.
Open the interactive profileFinancials, 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
| Year | Revenue |
|---|---|
| 2019 | $249.3M |
| 2020 | $275.9M |
| 2021 | $289.2M |
| 2022 | $305.7M |
| 2023 | $348.7M |