Overview
What is Reed Credit Union?
Reed Credit Union, headquartered in Houston, Texas, is a cooperative financial services provider. With a team of four dedicated individuals, they offer credit union-specific financial services to their members. The cooperative nature of this organization ensures that it operates for the benefit of its members, making financial services more accessible and affordable. The information provided does not specify any particular programs or initiatives undertaken by Reed Credit Union, but the cooperative aspect suggests a focus on providing credit union-focused financial services to its members.
Official website here: www.reedcreditunion.com
Is Reed Credit Union legitimate?
Reed Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Reed 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: $176,434
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.reedcreditunion.com
What is the mission statement of Reed Credit Union?
Reed Credit Union serves as a cooperative provider of financial services through credit unions. Its mission is centered around offering credit union financial services, aiming to cater to its members' needs in a cooperative manner. The organization does not provide specific details about its mission beyond being a cooperative provider of credit union financial services. It is unknown if Reed Credit Union engages in advocacy, research, or provides resources and support like some other organizations mentioned in the examples.
Official website here: www.reedcreditunion.com
Who is the CEO of Reed Credit Union?
Carla Clakley is the President of Reed Credit Union.
Official website here: www.reedcreditunion.com
What is the revenue of Reed Credit Union?
Reed Credit Union's revenue in 2022 was $431,886.
Official website here: www.reedcreditunion.com
Who are the executives of Reed Credit Union and what are their salaries?
The average compensation at Reed Credit Union during 2022 was $44,108. There are 4 employees and 6 volunteers at Reed Credit Union.
Here are 7 key members and their salaries:
- Compensation: $60,755
- Related: $0
- Other: $18,735
- Compensation: $49,263
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.reedcreditunion.com
Where can I find the form 990 for Reed Credit Union?
Reed Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reedcreditunion.com
Learn more at the official website: www.reedcreditunion.com
Mission Statement of Reed Credit Union
Reed Credit Union, as a cooperative entity, is dedicated to providing financial services. Its mission can be interpreted as being committed to offering credit union financial services to its members. This mission is not limited to just offering financial services, but it emphasizes the cooperative nature of the organization, implying a sense of shared responsibility and mutual benefit for its members.
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Impact
October, 2024
Reed Credit Union plays a vital role in the Houston community by providing cooperative financial services tailored to the needs of its members. By focusing on a member-centric approach, Reed Credit Union enhances access to essential financial products, fostering economic growth and stability among individuals and families. The credit union's commitment to public benefit ensures that profits are reinvested into services that promote financial literacy, community development, and member education.
Through its various offerings, Reed Credit Union empowers members with the tools they need to achieve personal financial goals, from affordable loans to competitive savings options. This accessibility helps cultivate a stronger local economy and supports sustainable community development. Overall, Reed Credit Union's impact stretches beyond standard financial services; it is a cornerstone of community empowerment, trust, and resilience in Houston.
This information is meant to be a general summary of Reed 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 2022.
- Investment Income: $244,335
- Program Service Revenue: $187,551
- Gross Receipts: $431,886
Assets and Liabilities:
- Total Assets: $16,760,716
- Total Liabilities: $14,262,984
- Net Assets: $2,497,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$151,241
FEES AND CHARGES
Revenue
$26,515
MISC
Revenue
$9,795
Organization Details
Founding Year
1935
Phone
(713) 673-3333Principal Officer
Carla Clakley
Main Address
10200 EAST FWY STE 125, HOUSTON, TX, 77029
Website
www.reedcreditunion.comNTEE Category
Code: W60 - Public benefit
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