Tex Mex Credit Union

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

EIN: 741200392 ✦ Laredo, TX ✦ Designated as a 501(c)(14)

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Overview

What is Tex Mex Credit Union?

Tex Mex Credit Union is a financial institution, specifically a credit union, situated in Laredo, Texas. With a strong commitment to its members, it offers various loan products at competitive rates. The primary mission of Tex Mex Credit Union is to provide financial services, ensuring affordable pricing for its members. The organization, which employs nine individuals, is dedicated to serving its community by offering financial solutions tailored to its members' needs.

Is Tex Mex Credit Union legitimate?

Tex Mex Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tex Mex 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: $107,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,240

For more financial information, click here

What is the mission statement of Tex Mex Credit Union?

Tex Mex Credit Union's mission is centered around providing financial services to its members. This encompasses offering various loan products at competitive rates. The credit union's goal is to ensure its members have access to financial services at affordable prices, thereby promoting financial well-being. By doing so, Tex Mex Credit Union aims to build and strengthen its member community.

Who is the CEO of Tex Mex Credit Union?

Enrique E Villarreal is the Board Chair of Tex Mex Credit Union. The CEO's salary of Tex Mex Credit Union is $107,000 and their total compensation is $107,000.

What is the revenue of Tex Mex Credit Union?

Tex Mex Credit Union's revenue in 2022 was $705,008.

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

The average compensation at Tex Mex Credit Union during 2022 was $27,138. There are 9 employees at Tex Mex Credit Union.


Here are 8 key members and their salaries (Tex Mex Credit Union's CEO's salary is $107,000 and their total compensation is $107,000):


Cesar Cabello (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Jackson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel Uribe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose Sosa (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel Sanchez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irma Del Barrio (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Orlando Navarro (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enrique Villarreal (President/Ceo)
  • Compensation: $107,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Tex Mex Credit Union?

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

Mission Statement of Tex Mex Credit Union

Tex Mex Credit Union is committed to providing its members with a wide array of financial services at competitive prices. This mission is at the heart of the credit union's operations, ensuring that its members have access to financing options that cater to their needs without breaking the bank. The credit union offers various loan products at competitive rates, demonstrating its dedication to delivering affordable financial services.

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Impact




October, 2024

Tex Mex Credit Union significantly impacts its community by offering a wide range of financial services to its members at competitive prices. Located in Laredo, TX, it provides various loan products designed to meet the diverse needs of its members, helping them achieve their financial goals. By prioritizing affordability and accessibility, Tex Mex Credit Union enhances financial literacy, promotes economic empowerment, and supports the overall well-being of its community. This commitment fosters a sense of belonging and trust, enabling residents to thrive financially and contribute positively to the local economy.




This information is meant to be a general summary of Tex Mex 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
$705,008 (2022)
Expenses
$649,031 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $58,266
  • Program Service Revenue: $622,768
  • Gross Receipts: $705,008

Assets and Liabilities:

  • Total Assets: $12,340,655
  • Total Liabilities: $9,655,943
  • Net Assets: $2,684,712

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Programs

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

INTEREST FROM LOANS

Revenue

$536,232

FEES AND CHARGES

Revenue

$86,536

Organization Details

Founding Year

1953

Principal Officer

Enrique E Villarreal

Main Address

1420 CEDAR AVE, LAREDO, TX, 78040

NTEE Category

Code: W60 - Public benefit

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