Tangipahoa Parish Teachers Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 720500278 ✦ Amite, LA ✦ Designated as a 501(c)(14)

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Overview

What is Tangipahoa Parish Teachers Credit Union?

Tangipahoa Parish Teachers Credit Union is a locally-rooted, not-for-profit financial cooperative, headquartered in Amite, Louisiana. With a membership count of 3,025 and total deposits amounting to $20,464,930.69, this cooperative is dedicated to offering members affordable savings and credit opportunities. As a mutually-owned organization, it is committed to serving its members by providing them with convenient savings accounts and other deposit services. In operation, it employs a team of seven individuals, demonstrating its commitment to its members and the community it serves.


Official website here: www.tangiteachers.com

Is Tangipahoa Parish Teachers Credit Union legitimate?

Tangipahoa Parish Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tangipahoa Parish Teachers 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: $85,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,572

For more financial information, click here


Official website here: www.tangiteachers.com

What is the mission statement of Tangipahoa Parish Teachers Credit Union?

Tangipahoa Parish Teachers Credit Union, as a mutually owned not-for-profit financial cooperative, is committed to providing its members with affordable sources of savings and credit. Its mission is to offer members convenient savings accounts and other related deposit services. As of the reported date, the credit union serves over 3,000 members with total deposits of over $20 million. In essence, Tangipahoa Parish Teachers Credit Union exists to support its members financially by providing them with accessible savings options.


Official website here: www.tangiteachers.com

Who is the CEO of Tangipahoa Parish Teachers Credit Union?

Dixie Perez is the Manager of Tangipahoa Parish Teachers Credit Union.


Official website here: www.tangiteachers.com

What is the revenue of Tangipahoa Parish Teachers Credit Union?

Tangipahoa Parish Teachers Credit Union's revenue in 2022 was $882,450.


Official website here: www.tangiteachers.com

Who are the executives of Tangipahoa Parish Teachers Credit Union and what are their salaries?

The average compensation at Tangipahoa Parish Teachers Credit Union during 2022 was $38,862. There are 7 employees and 10 volunteers at Tangipahoa Parish Teachers Credit Union.


Here are 8 key members and their salaries:


Dixie Perez (Manager)
  • Compensation: $80,261
  • Related: $0
  • Other: $0
Thomas Bellavia (President)
  • Compensation: $5,200
  • Related: $0
  • Other: $0
Louis Joseph (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nic Labarbera (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Turner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Kolwe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Fussell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virgil Allen (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tangiteachers.com

Where can I find the form 990 for Tangipahoa Parish Teachers Credit Union?

Tangipahoa Parish Teachers Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tangiteachers.com

Learn more at the official website: www.tangiteachers.com

Mission Statement of Tangipahoa Parish Teachers Credit Union

Tangipahoa Parish Teachers Credit Union, a mutual, not-for-profit financial cooperative, is dedicated to serving its members by offering them affordable sources of savings and credit. This organization operates with a mission to provide its members with convenient savings accounts and other related deposit services. As of the latest report, Tangipahoa Parish Teachers Credit Union boasts a membership of 3,025 individuals, who have collectively deposited an impressive sum of $20,464,930.69. This financial institution is committed to supporting its members in managing their finances effectively.

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Impact




October, 2024

Tangipahoa Parish Teachers Credit Union serves as a financial pillar for its community, providing accessible and affordable financial services tailored to the needs of its members. With a membership base of 3,025 individuals, the credit union has amassed total deposits of over $20.4 million, reinforcing its role in facilitating economic stability and growth in the region.

By offering convenient savings accounts and related deposit services, the credit union empowers its members to manage their finances effectively. The focus on affordable sources of savings and credit ensures that the community can access essential financial products without the burden of high fees or interest rates. This cooperative model fosters a sense of belonging among members, where they can benefit from shared resources and support one another in achieving their financial goals.

Overall, Tangipahoa Parish Teachers Credit Union enhances the economic landscape of Amite, Louisiana, contributing to the financial well-being of its members and promoting a culture of mutual aid and support within the community.




This information is meant to be a general summary of Tangipahoa Parish Teachers 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.

Revenue
$882,450 (2022)
Expenses
$707,234 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $882,450
  • Gross Receipts: $882,450

Assets and Liabilities:

  • Total Assets: $31,455,692
  • Total Liabilities: $20,487,649
  • Net Assets: $10,968,043

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FEES AND CHARGES

Revenue

$26,643

INC ON INVESTMENTS

Revenue

$242,462

INTEREST ON LOANS

Revenue

$599,724

LOAN RELATED INS SALES

Revenue

$13,621

Organization Details

Founding Year

1946

Principal Officer

Dixie Perez

Main Address

PO BOX 427, AMITE, LA, 70422

NTEE Category

Code: W60 - Public benefit

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