Lcra Credit Union

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

EIN: 741142771 ✦ Austin, TX ✦ Designated as a 501(c)(14)

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Overview

What is Lcra Credit Union?

LCRA Credit Union is a nonprofit organization dedicated to offering top-notch financial services to its members. With a strong focus on member satisfaction, the organization aims to deliver a wide range of financial solutions, as detailed in its mission statement. The information provided does not disclose specific programs or initiatives, but it is clear that LCRA Credit Union is committed to serving its members effectively.


Official website here: www.lcracu.org

Is Lcra Credit Union legitimate?

Lcra Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lcra 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: $181,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,349

For more financial information, click here


Official website here: www.lcracu.org

What is the mission statement of Lcra Credit Union?

LCRA Credit Union's mission is centered around delivering exceptional financial services to its members. The organization is committed to this goal, aiming to cater to the financial needs of its members in an effective manner. By providing these services, LCRA Credit Union aims to contribute positively to the financial well-being of its members, thereby enhancing their overall quality of life. The focus is on maintaining a high standard of service delivery, ensuring member satisfaction and long-term loyalty.


Official website here: www.lcracu.org

Who is the CEO of Lcra Credit Union?

Betty Mueller is the President of Lcra Credit Union.


Official website here: www.lcracu.org

What is the revenue of Lcra Credit Union?

Lcra Credit Union's revenue in 2022 was $802,546.


Official website here: www.lcracu.org

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

The average compensation at Lcra Credit Union during 2022 was $59,462. There are 5 employees and 7 volunteers at Lcra Credit Union.


Here are 9 key members and their salaries:


Betty Mueller (President)
  • Compensation: $91,491
  • Related: $0
  • Other: $0
Tim Lane (Executive Vice President)
  • Compensation: $90,470
  • Related: $0
  • Other: $0
Mark Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Summy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dowell Garrison (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Chapin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Riley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Ramirez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lcracu.org

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

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


Official website here: www.lcracu.org

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

Mission Statement of Lcra Credit Union

LCRA Credit Union, as a mission-driven entity, is committed to delivering top-notch financial services to its members. This organization's primary goal is to cater to the financial needs of its members, ensuring they receive the best possible assistance. By providing excellent financial services, LCRA Credit Union aims to contribute positively to the financial well-being of its members.

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Impact




October, 2024

LCRA Credit Union plays a significant role in enhancing the financial well-being of its members in Austin, TX. By focusing on delivering excellent financial services, the credit union empowers individuals and families to manage their finances effectively. This commitment helps to foster financial literacy and stability within the community, ultimately contributing to a healthier local economy. With an emphasis on member service, LCRA Credit Union prioritizes the needs of its constituents, ensuring that they have access to essential financial resources tailored to their circumstances. The credit union's mission underscores its dedication to supporting public benefit, creating lasting positive impacts for the diverse community it serves.




This information is meant to be a general summary of Lcra 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
$802,546 (2022)
Expenses
$776,207 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $169,247
  • Program Service Revenue: $615,557
  • Gross Receipts: $802,546

Assets and Liabilities:

  • Total Assets: $24,608,833
  • Total Liabilities: $96,153
  • Net Assets: $24,512,680

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Programs

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

loans

Revenue

$490,659

checkin, share accounts

Revenue

$69,422

debit and credit cards

Revenue

$55,476

Organization Details

Founding Year

1945

Principal Officer

Betty Mueller

Main Address

3505 Montopolis, Austin, TX, 78744

NTEE Category

Code: W60 - Public benefit

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