Overview
What is Texas Gulf Carolina Employees Credit Union?
Texas Gulf Carolina Employees Credit Union is a nonprofit organization that primarily serves its members by offering various financial services. With a mission to provide dividends at reasonable rates, the credit union approves loans totaling over a million dollars, as shown by 185 approved loans worth 1,155,491. Moreover, the credit union boasts a membership base of 349 individuals, whose collective share contributions amount to 1,297,972. The credit union's offerings are designed to cater to the financial needs of its members, ensuring they receive the support they require.
Is Texas Gulf Carolina Employees Credit Union legitimate?
Texas Gulf Carolina Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Texas Gulf Carolina Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $112,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,742
For more financial information, click here
What is the mission statement of Texas Gulf Carolina Employees Credit Union?
Texas Gulf Carolina Employees Credit Union's mission is centered around serving its members. It aims to provide a range of services at reasonable dividend rates. The credit union offers various financial programs, including loans, with a significant loan amount approved for 185 members. Furthermore, it maintains a strong member base of 349 individuals, who collectively hold shares totaling over a million dollars. In essence, Texas Gulf Carolina Employees Credit Union is committed to catering to its members' financial needs while ensuring fair and reasonable returns on their investments.
What is the revenue of Texas Gulf Carolina Employees Credit Union?
Texas Gulf Carolina Employees Credit Union's revenue in 2024 was $175,365.
Who are the executives of Texas Gulf Carolina Employees Credit Union and what are their salaries?
The average compensation at Texas Gulf Carolina Employees Credit Union during 2024 was $26,577. There are 5 employees and 7 volunteers at Texas Gulf Carolina Employees Credit Union.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $87,202
- Related: $0
- Other: $0
- Compensation: $24,939
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Texas Gulf Carolina Employees Credit Union?
Texas Gulf Carolina Employees Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Texas Gulf Carolina Employees Credit Union
Texas Gulf Carolina Employees Credit Union is committed to serving its members by offering a range of financial services and paying dividends at reasonable rates. The credit union provides various programs, including loan facilities, with a total loan amount of 1,155,491 approved for 185 members. Moreover, it has a membership base of 349 individuals, with a total share amount of 1,297,972. In essence, Texas Gulf Carolina Employees Credit Union is dedicated to supporting its members financially, ensuring they can access necessary loans and enjoy dividends at reasonable rates, thereby fostering financial stability and growth.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Texas Gulf Carolina Employees Credit Union plays a vital role in fostering financial well-being among its members in Aurora, NC. By offering a range of financial services and paying dividends at reasonable rates, it supports the financial growth of individuals and families in the community.
With a total of 349 members, the credit union has successfully approved 185 loans, amounting to over $1.1 million. This access to credit enables members to pursue various personal and professional goals, whether it's purchasing a home, funding education, or managing unexpected expenses. The credit union's commitment to ensuring reasonable rates promotes financial stability and encourages responsible borrowing.
Additionally, the organization has amassed total shares of approximately $1.3 million, reflecting a strong community trust and investment in the credit union. This level of engagement illustrates a commitment to mutual support, thereby enhancing the overall financial health of its members. Through its tailored services, Texas Gulf Carolina Employees Credit Union significantly contributes to the economic empowerment of its community.
This information is meant to be a general summary of Texas Gulf Carolina Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $32,984
- Program Service Revenue: $142,381
- Gross Receipts: $175,365
Assets and Liabilities:
- Total Assets: $2,115,152
- Total Liabilities: $1,298,908
- Net Assets: $816,244
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consumer Lending
Revenue
$140,731
Program 2
Revenue
$0
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
1968
Principal Officer
Quesha Tatum
NTEE Category
Code: W60 - Public benefit
If you are a representative of Texas Gulf Carolina Employees Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.