Overview
What is Energy Capital Credit Union?
Energy Capital Credit Union is a cooperative financial institution situated in Houston, Texas. With over 18,800 member-owner accounts as of December 31, 2022, this credit union offers various advantages to its members through monthly dividends on savings accounts, a shared branch network, online banking, three physical branches, and worldwide ATM access. The institution also caters to children and teenagers with special savings accounts, promoting consistent savings habits. Regulated by both the State of Texas Credit Union department and the National Credit Union Administration, Energy Capital Credit Union provides financial services in four key areas: share accounts, checking accounts, consumer loans, and real estate loans.
Official website here: www.eccu.net
Is Energy Capital Credit Union legitimate?
Energy Capital Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Energy Capital 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: $1,244,834
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,283,109
For more financial information, click here
Official website here: www.eccu.net
What is the mission statement of Energy Capital Credit Union?
Energy Capital Credit Union's mission, as a cooperative financial institution, is to provide credit union financial services to its members. The credit union offers advantages in share accounts, checking accounts, consumer loans, and real estate loans. With over 18,848 member-owner accounts as of December 31, 2022, the credit union ensures monthly dividends for its members, providing access through various channels such as shared branches, online banking, and multiple branch locations and ATMs worldwide. Special savings accounts are also available for children and teenagers, encouraging the formation of consistent savings habits.
Official website here: www.eccu.net
Who is the CEO of Energy Capital Credit Union?
Kanika Boutte is the Chief Executive Officer of Energy Capital Credit Union. The CEO's salary of Energy Capital Credit Union is $270,929 and their total compensation is $270,929.
Official website here: www.eccu.net
What is the revenue of Energy Capital Credit Union?
Energy Capital Credit Union's revenue in 2022 was $11,699,224.
Official website here: www.eccu.net
Who are the executives of Energy Capital Credit Union and what are their salaries?
The average compensation at Energy Capital Credit Union during 2022 was $45,230. There are 78 employees and 13 volunteers at Energy Capital Credit Union.
Here are 17 key members and their salaries (Energy Capital Credit Union's CEO's salary is $270,929 and their total compensation is $270,929):
- Compensation: $478,586
- Related: $0
- Other: $0
- Compensation: $270,929
- Related: $0
- Other: $0
- Compensation: $204,952
- Related: $0
- Other: $0
- Compensation: $145,511
- Related: $0
- Other: $0
- Compensation: $144,856
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.eccu.net
Where can I find the form 990 for Energy Capital Credit Union?
Energy Capital Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eccu.net
Learn more at the official website: www.eccu.net
Mission Statement of Energy Capital Credit Union
Energy Capital Credit Union, as a cooperative thrift institution, is dedicated to providing credit union financial services to its members. Its mission revolves around offering a variety of products and services, including share accounts, checking accounts, consumer loans, and real estate loans. The credit union aims to provide advantages to its member-owners, with over 18,848 accounts reported as of December 31, 2022. Member savings accounts offer dividends monthly, ensuring financial growth, and provide access through the shared branch network, online banking, and several local branches and ATMs worldwide.
Furthermore, Energy Capital Credit Union recognizes the importance of fostering financial habits in the younger generation. To achieve this, they offer special savings accounts specifically designed for children and teenagers. This strategy encourages the development of consistent savings habits among its younger members, instilling financial responsibility from an early age. In essence, Energy Capital Credit Union's mission is to function as a cooperative provider of credit union financial services, catering to the diverse financial needs of its members.
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Impact
October, 2024
Energy Capital Credit Union significantly impacts its community by providing accessible financial services and fostering a culture of savings and financial wellness. With a membership base of 18,848 members as of December 31, 2022, it offers a range of products that cater to diverse financial needs, including share accounts, checking accounts, consumer loans, and real estate loans.
One of its key initiatives is the emphasis on share accounts, which not only allow members of all ages to save securely but also pay dividends monthly. This encourages members to build a habit of saving, particularly through special savings accounts aimed at children and teenagers, nurturing the next generation's financial literacy and responsibility.
Moreover, Energy Capital Credit Union enhances convenience for its members with access to home banking via the internet, a shared branch network, and multiple branch locations and ATMs worldwide. This widespread accessibility ensures that members can manage their finances easily, regardless of where they are.
In its role as a cooperative thrift institution, Energy Capital Credit Union empowers its members by providing essential financial tools and services while also contributing to the overall economic stability of the Houston community.
This information is meant to be a general summary of Energy Capital 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: $544,390
- Program Service Revenue: $10,067,560
- Gross Receipts: $11,699,224
Assets and Liabilities:
- Total Assets: $275,309,619
- Total Liabilities: $249,736,739
- Net Assets: $25,572,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Income
Revenue
$8,942,473
Checking Account Income
Revenue
$692,789
Share Account Income
Revenue
$430,636
Miscellaneous Operating Income
Revenue
$1,662
Organization Details
Founding Year
1934
Phone
(832) 604-4848Principal Officer
Kanika Boutte
Main Address
18540 Northwest Fwy, Houston, TX, 77065
Website
www.eccu.netNTEE Category
Code: W60 - Public benefit
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