Overview
What is Educators Credit Union?
Educators Credit Union, based in Waco, Texas, is the largest credit union in Central Texas, catering to over 36,000 members living, working, or studying in McLennan, Bosque, Bell, Limestone, Falls, Hamilton, Hill, Coryell, and Lampasas counties. With a commitment to meeting their financial needs, the credit union operates in seven convenient locations. Established with a mission to provide reasonably priced financial services, they offer a diverse range of services, ensuring competitive rates. Their dedicated team of 87 employees is devoted to delivering sound financial services, creating a caring and professional environment for their member-owners.
Official website here: www.edcu.com
Is Educators Credit Union legitimate?
Educators Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Educators 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: $689,259
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,617,793
For more financial information, click here
Official website here: www.edcu.com
What is the mission statement of Educators Credit Union?
Educators Credit Union is dedicated to offering affordable financial services to its members. The credit union is committed to providing beneficial and sound financial solutions in a caring and professional manner. With a wide range of competitive offerings, Educators Credit Union caters to the financial needs of over 36,000 members across multiple counties in Texas. By providing a variety of services at reasonable rates, the credit union aims to create a positive impact on its members' financial well-being.
Official website here: www.edcu.com
Who is the CEO of Educators Credit Union?
William Palasota is the Chairman of Educators Credit Union.
Official website here: www.edcu.com
What is the revenue of Educators Credit Union?
Educators Credit Union's revenue in 2022 was $14,604,226.
Official website here: www.edcu.com
Who are the executives of Educators Credit Union and what are their salaries?
The average compensation at Educators Credit Union during 2022 was $38,012. There are 87 employees at Educators Credit Union.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $340,776
- Related: $0
- Other: $71,896
- Compensation: $233,500
- Related: $0
- Other: $43,087
- Compensation: $156,837
- Related: $0
- Other: $32,195
- Compensation: $147,252
- Related: $0
- Other: $30,914
- Compensation: $104,600
- Related: $0
- Other: $25,396
Official website here: www.edcu.com
Where can I find the form 990 for Educators Credit Union?
Educators Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edcu.com
Learn more at the official website: www.edcu.com
Mission Statement of Educators Credit Union
Educators Credit Union, with its commitment to member ownership, strives to deliver financially sound and advantageous services to its members. This mission is carried out in a compassionate and professional manner. The credit union's primary goal is to cater to the financial requirements of its over 36,000 members, who reside, work, or attend school in various Texas counties, including McLennan, Bosque, Bell, Limestone, Falls, Hamilton, Hill, Coryell, and Lampasas.
Through its wide array of offerings, Educators Credit Union addresses the diverse financial needs of its members, ensuring they have access to competitive rates and a comprehensive suite of services at their convenience. By prioritizing the welfare of its members and delivering services in a caring and competent manner, the credit union distinguishes itself as a trusted financial partner.
In essence, Educators Credit Union is more than just a financial institution; it is a community dedicated to empowering its members to achieve their financial goals. It accomplishes this by offering a diverse range of services at reasonable prices, ensuring that its members have access to the financial resources they need to thrive. Through its unwavering dedication to its members, Educators Credit Union fosters financial stability and security, enabling its members to focus on their personal and professional pursuits.
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Impact
October, 2024
Educators Credit Union significantly impacts the financial well-being of its community by providing reasonably priced financial services to its members. As the largest credit union in Central Texas, it caters to over 36,000 individuals who live, work, or attend school in several Texas counties, including McLennan, Bosque, Bell, Limestone, Falls, Hamilton, Hill, Coryell, and Lampasas.
With seven convenient locations, the credit union offers a wide variety of services at competitive rates, ensuring that members have access to financial products that meet their diverse needs. The commitment to sound financial practices is evident in their dedication to serving their members in a caring and professional manner, ultimately fostering financial security and stability within the community. Through its efforts, Educators Credit Union enhances the public benefit, reinforcing their mission to be a reliable financial partner for their members.
This information is meant to be a general summary of Educators 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: $12,254,140
- Program Service Revenue: $2,366,235
- Gross Receipts: $14,622,226
Assets and Liabilities:
- Total Assets: $537,751,416
- Total Liabilities: $451,966,895
- Net Assets: $85,784,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER FEES, ETC
Revenue
$2,330,235
NON MEMBER ATM FEES, MBI & MISC
Revenue
$36,000
Organization Details
Founding Year
1938
Phone
(254) 776-7900Principal Officer
William Palasota
Main Address
501 W STATE HWY 6, WACO, TX, 76712
Website
www.edcu.comNTEE Category
Code: W60 - Public benefit
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