Texell Credit Union

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

EIN: 741109882 ✦ Temple, TX ✦ Designated as a 501(c)(14)

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Overview

What is Texell Credit Union?

Texell Credit Union is a member-owned financial cooperative based in Temple, Texas. With a team of 270 employees, they provide checking accounts and associated services tailored to their members. This cooperative institution offers a range of financial solutions to its clientele, ensuring they are well-equipped to manage their finances.


Official website here: www.texell.org

Is Texell Credit Union legitimate?

Texell Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Texell 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: $1,784,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,913,549

For more financial information, click here


Official website here: www.texell.org

What is the mission statement of Texell Credit Union?

Texell Credit Union is a cooperative, member-owned financial institution that offers a range of services to its members. Their mission is centered around providing financial assistance to their member base. Through this cooperative structure, Texell Credit Union aims to put its members' needs at the forefront of its operations. The organization offers various checking account options, each with distinct features to cater to the diverse financial requirements of its members.


Official website here: www.texell.org

Who is the CEO of Texell Credit Union?

Tony Hale is the Bod Member of Texell Credit Union. The CEO's salary of Texell Credit Union is $517,382 and their total compensation is $560,912.


Official website here: www.texell.org

What is the revenue of Texell Credit Union?

Texell Credit Union's revenue in 2022 was $40,918,617.


Official website here: www.texell.org

Who are the executives of Texell Credit Union and what are their salaries?

The average compensation at Texell Credit Union during 2022 was $39,624. There are 270 employees and 8 volunteers at Texell Credit Union.


Here are 18 key members and their salaries (Texell Credit Union's CEO's salary is $517,382 and their total compensation is $560,912):


Dan Bowen (Bod Member)
  • Compensation: $1,650
  • Related: $0
  • Other: $0
William Cornelius (Bod Member)
  • Compensation: $1,650
  • Related: $0
  • Other: $0
Kenneth Gaby (Bod V. Chair)
  • Compensation: $1,650
  • Related: $0
  • Other: $0
Chris Moore (Bod Member)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Daniel Maresh (Bod Secretary/Treasurer)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Joe Palmer (Bod Member)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Sue Micmillin (Bod Chair)
  • Compensation: $2,160
  • Related: $0
  • Other: $0
Tony Hale (President/Ceo)
  • Compensation: $517,382
  • Related: $0
  • Other: $43,530
Amy Merriman (Coo)
  • Compensation: $249,705
  • Related: $0
  • Other: $43,047
Anthony Rodgers (General Counsel)
  • Compensation: $234,100
  • Related: $0
  • Other: $32,011
David Borden (Cfo)
  • Compensation: $183,463
  • Related: $0
  • Other: $10,172
Richard Silvers (Vp Technology Innovation)
  • Compensation: $219,174
  • Related: $0
  • Other: $39,808
Mary Ann Nickolai (Vp Marketing)
  • Compensation: $173,469
  • Related: $0
  • Other: $27,104
Krystal Taylor (Lending Sales Manager)
  • Compensation: $115,191
  • Related: $0
  • Other: $14,682
Amber Speer (Director Of Operations)
  • Compensation: $134,939
  • Related: $0
  • Other: $16,385
Galen Burke (Director Of Retail)
  • Compensation: $125,262
  • Related: $0
  • Other: $34,028
Michael Gonzalez (Lending Consultant)
  • Compensation: $133,406
  • Related: $0
  • Other: $26,948
Neri Navarro (Area Director Of Retail)
  • Compensation: $122,881
  • Related: $0
  • Other: $30,113


Official website here: www.texell.org

Where can I find the form 990 for Texell Credit Union?

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


Official website here: www.texell.org

Learn more at the official website: www.texell.org

Mission Statement of Texell Credit Union

Texell Credit Union, a cooperative financial institution, is dedicated to delivering essential financial services to its members. In simple terms, it is a member-owned organization that prioritizes the financial wellbeing of its community.

At the heart of Texell Credit Union's mission lies the provision of diverse checking accounts tailored to meet the unique needs of each member. These accounts come with an array of features and associated services, designed to simplify and enhance the financial lives of those who trust the union with their finances.

As a cooperative, Texell Credit Union places great emphasis on putting its members first. By providing accessible and affordable financial solutions, the union empowers its community to thrive and build a secure future. In this way, Texell Credit Union plays a vital role in fostering financial stability and resilience among its members.

In essence, Texell Credit Union is more than just a provider of financial services; it is a cooperative that exists to serve and support its members in their financial journeys. Through its commitment to member-owned financial services, Texell Credit Union helps individuals and families achieve their financial goals and create a better future for themselves and their communities.

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Impact




October, 2024

Texell Credit Union plays a significant role in the Temple, TX community by providing cooperative financial services that are tailored to the needs of its members. As a member-owned institution, Texell prioritizes the interests of its members, offering a range of checking accounts with various features and associated services designed to enhance financial well-being. This focus on personalized service fosters a sense of community and trust, empowering individuals to manage their finances effectively. By promoting financial literacy and responsible banking, Texell Credit Union contributes to the overall economic stability and growth of the region, ensuring that its members have access to the resources they need to succeed.




This information is meant to be a general summary of Texell 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
$40,918,617 (2022)
Expenses
$33,136,008 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,497,528
  • Program Service Revenue: $39,421,089
  • Gross Receipts: $42,065,996

Assets and Liabilities:

  • Total Assets: $628,710,729
  • Total Liabilities: $565,541,261
  • Net Assets: $63,169,468

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Programs

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

INCOME ON LOANS

Revenue

$23,429,864

FEES/CHARGES/OTHER

Revenue

$14,611,121

FINANCE & INSURANCE

Revenue

$1,380,104

Organization Details

Founding Year

1948

Principal Officer

Tony Hale

Main Address

PO BOX 983, TEMPLE, TX, 76503

NTEE Category

Code: W60 - Public benefit

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