Overview
What is Fivepoint Credit Union?
Fivepoint Credit Union is a Texas-based financial cooperative, with a PO Box address in Nederland, dedicated to serving its membership through diverse loan and deposit products. They approximate having accrued interest on member deposits totaling $4.12 million during the year ending December 31, 2022. The organization's mission extends beyond financial services, aiming to enhance the quality of life for its members and the community. With a workforce of 256 employees, Fivepoint Credit Union strives to improve the financial well-being and overall livelihood of those it serves.
Official website here: www.fivepointcu.org
Is Fivepoint Credit Union legitimate?
Fivepoint Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fivepoint 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: $4,245,267
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,746,263
For more financial information, click here
Official website here: www.fivepointcu.org
What is the mission statement of Fivepoint Credit Union?
Fivepoint Credit Union is dedicated to enhancing the living experiences of its members by providing them with a range of financial products, including loans and deposits. The organization goes beyond mere financial services, striving to improve the overall quality of life for its members and the community. Through its offerings, Fivepoint Credit Union aims to make a positive impact and contribute to the well-being of those it serves. During the recent fiscal year, the credit union generated approximately $4,122,000 in interest from members' deposits.
Official website here: www.fivepointcu.org
Who is the CEO of Fivepoint Credit Union?
Erik Shaw is the Ceo/President of Fivepoint Credit Union. The CEO's salary of Fivepoint Credit Union is $507,305 and their total compensation is $544,186.
Official website here: www.fivepointcu.org
What is the revenue of Fivepoint Credit Union?
Fivepoint Credit Union's revenue in 2022 was $49,433,751.
Official website here: www.fivepointcu.org
Who are the executives of Fivepoint Credit Union and what are their salaries?
The average compensation at Fivepoint Credit Union during 2022 was $58,561. There are 256 employees and 14 volunteers at Fivepoint Credit Union.
Here are 26 key members and their salaries (Fivepoint Credit Union's CEO's salary is $507,305 and their total compensation is $544,186):
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $507,305
- Related: $0
- Other: $36,881
- Compensation: $360,107
- Related: $0
- Other: $37,334
- Compensation: $886,220
- Related: $0
- Other: $28,300
- Compensation: $446,667
- Related: $0
- Other: $29,785
- Compensation: $454,077
- Related: $0
- Other: $22,048
- Compensation: $208,215
- Related: $0
- Other: $16,708
- Compensation: $211,627
- Related: $0
- Other: $32,847
- Compensation: $187,323
- Related: $0
- Other: $10,622
- Compensation: $170,787
- Related: $0
- Other: $30,394
- Compensation: $186,756
- Related: $0
- Other: $27,000
- Compensation: $177,235
- Related: $0
- Other: $10,727
- Compensation: $152,901
- Related: $0
- Other: $13,401
- Compensation: $143,715
- Related: $0
- Other: $31,398
- Compensation: $132,325
- Related: $0
- Other: $18,347
- Compensation: $126,778
- Related: $0
- Other: $5,163
- Compensation: $126,383
- Related: $0
- Other: $13,637
- Compensation: $125,978
- Related: $0
- Other: $10,773
Official website here: www.fivepointcu.org
Where can I find the form 990 for Fivepoint Credit Union?
Fivepoint Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fivepointcu.org
Learn more at the official website: www.fivepointcu.org
Mission Statement of Fivepoint Credit Union
Fivepoint Credit Union, a financial institution dedicated to its membership, aims to enhance the quality of life for its members and the community. Beyond offering various loan and deposit products, the credit union's mission extends beyond mere financial services.
The team at Fivepoint Credit Union is committed to making a positive impact on the lives of its members. By prioritizing the needs of its members, the credit union strives to go above and beyond the usual expectations of a financial institution. The approximate $4,122,000 in interest earned on member deposits during the year ended December 31, 2022, serves as a testament to the credit union's success in achieving this goal.
At the heart of Fivepoint Credit Union's mission is a deep-rooted dedication to its members. Through providing financial services, the credit union aims to not only meet the financial needs of its members but also contribute to their overall well-being. This commitment is reflected in the diverse range of loan and deposit products designed to cater to the unique financial situations of its members. With a focus on improving lives, Fivepoint Credit Union stands out as a trusted financial partner that puts its members first.
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Impact
October, 2024
Fivepoint Credit Union makes a significant impact by providing essential financial services to its members, facilitating access to various loan and deposit products that enhance individual and community financial stability. In the year ending December 31, 2022, it incurred approximately $4,122,000 in interest on member deposits, demonstrating its commitment to the financial well-being of its members. Based in Nederland, Texas, Fivepoint Credit Union focuses on improving the quality of life for its members and the broader community, contributing to economic growth and stability in the region. Through its public benefit activities, it supports the financial empowerment of its membership, fostering a culture of saving and responsible borrowing.
This information is meant to be a general summary of Fivepoint 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: $2,662,413
- Program Service Revenue: $46,755,776
- Gross Receipts: $49,433,751
Assets and Liabilities:
- Total Assets: $874,862,124
- Total Liabilities: $800,708,884
- Net Assets: $74,153,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN RECEIVABLE
Revenue
$30,035,581
FEES, CHARGES, OTHER
Revenue
$16,720,195
Organization Details
Founding Year
1935
Phone
(409) 726-8300Principal Officer
Erik Shaw
Main Address
PO BOX 1366, NEDERLAND, TX, 776271366
Website
www.fivepointcu.orgNTEE Category
Code: W60 - Public benefit
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