Rally Credit Union

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

EIN: 741237070 ✦ Corpus christi, TX ✦ Designated as a 501(c)(14)

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Overview

What is Rally Credit Union?

Rally Credit Union, located at 2730 Rodd Field Road in Corpus Christi, Texas (78414), is a member-owned, non-profit financial institution with a significant presence in the community. Established to serve the financial needs of its members, it offers various services such as auto, home, and business loans. As of December 31, 2022, the union had issued a total of 120,191 loans, amounting to an outstanding balance of approximately $3.58 billion. Rally Credit Union's mission includes providing savings, share draft, and share certificate accounts, in addition to the aforementioned loans. The cooperative employs 854 individuals dedicated to fulfilling the financial goals of its members.


Official website here: www.rallycu.com

Is Rally Credit Union legitimate?

Rally Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rally 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: $4,447,143
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,615,316

For more financial information, click here


Official website here: www.rallycu.com

What is the mission statement of Rally Credit Union?

Rally Credit Union is committed to addressing the financial requirements and aspirations of its members. The cooperative financial institution offers savings, share draft, and share certificate accounts, as well as auto, consumer, and commercial loans. The primary mission of Rally Credit Union is to cater to the savings and lending needs of its members. It serves the community by extending loans for various purposes, including automobiles, homes, and businesses. As of December 31, 2022, the credit union had issued a total of 120,191 loans, with a collective outstanding balance of $3,581,040,484.31. This financial institution continues to prioritize its members' financial well-being and growth.


Official website here: www.rallycu.com

Who is the CEO of Rally Credit Union?

Dana Sisk is the Executive Vice President of Rally Credit Union. The CEO's salary of Rally Credit Union is $857,872 and their total compensation is $1,133,368.


Official website here: www.rallycu.com

What is the revenue of Rally Credit Union?

Rally Credit Union's revenue in 2022 was $245,877,072.


Official website here: www.rallycu.com

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

The average compensation at Rally Credit Union during 2022 was $44,570. There are 854 employees and 12 volunteers at Rally Credit Union.


Here are 25 key members and their salaries (Rally Credit Union's CEO's salary is $857,872 and their total compensation is $1,133,368):


Gerry Morrow (President/Ceo)
  • Compensation: $857,872
  • Related: $0
  • Other: $275,496
Dana Sisk (Executive Vice President)
  • Compensation: $437,020
  • Related: $0
  • Other: $83,967
Daniel Dibble (Chief Lending Officer Cons)
  • Compensation: $296,772
  • Related: $0
  • Other: $60,898
Shannon Srp (Chief Technology Officer)
  • Compensation: $274,939
  • Related: $0
  • Other: $81,061
Roman Escobar (Chief Real Estate Officer)
  • Compensation: $279,580
  • Related: $0
  • Other: $61,469
Cynthia Ramos (Chief Operations Officer)
  • Compensation: $278,172
  • Related: $0
  • Other: $53,876
Carrie Huff (Chief Financial Officer)
  • Compensation: $255,041
  • Related: $0
  • Other: $54,540
Virginia Whitham (Chief Of Human Resources)
  • Compensation: $246,456
  • Related: $0
  • Other: $53,981
Ashley Smith (Chief Of Marketing)
  • Compensation: $223,528
  • Related: $0
  • Other: $70,313
Richard Platz (Svp Consumer Lending)
  • Compensation: $230,907
  • Related: $0
  • Other: $35,673
Jamie Aguilar (Vp Mortgage Origination)
  • Compensation: $208,685
  • Related: $0
  • Other: $29,611
Clare Fowler (Sr Vp Operations Technolog)
  • Compensation: $189,266
  • Related: $0
  • Other: $46,316
Gerald Pennington (Vp Indirect Auto Lending)
  • Compensation: $184,828
  • Related: $0
  • Other: $39,359
Terri Young (Vp Branch Operations)
  • Compensation: $197,384
  • Related: $0
  • Other: $18,001
Mark Estes (Vp Credit Administration)
  • Compensation: $178,132
  • Related: $0
  • Other: $16,859
Maria Karaca (Svp Commercial Lending)
  • Compensation: $172,828
  • Related: $0
  • Other: $16,777
John Chapman (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thelma Garza Mandel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Gonzales (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kendra Kinnison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pedro Rivera Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard B Stone (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Villarreal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Westrup (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rallycu.com

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

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


Official website here: www.rallycu.com

Learn more at the official website: www.rallycu.com

Mission Statement of Rally Credit Union

Rally Credit Union, a member-owned, non-profit financial cooperative, is dedicated to addressing the financial needs and goals of its members. Through its array of offerings, Rally Credit Union provides savings, share draft, and share certificate accounts, as well as auto, consumer, and commercial loans. The institution takes pride in serving its community by issuing a significant number of loans, totaling 120,191, with an impressive outstanding balance of $3,581,040,484.31, as of December 31, 2022.

In essence, Rally Credit Union plays a crucial role in catering to the financial requirements of its members. By offering various types of loans, the union empowers individuals and businesses to meet their financial objectives. The cooperative's mission extends beyond mere transactions, as it strives to create a sustainable financial ecosystem for its members.

The financial cooperative's commitment to its members is rooted in its cooperative structure. By operating as a member-owned organization, Rally Credit Union embodies a distinct sense of community and shared purpose. This member focus translates into personalized services and tailored solutions, ensuring that each member receives the support they need to achieve their financial goals. The institution's dedication to its members is a testament to its mission and its unwavering commitment to the financial well-being of its community.

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Impact




October, 2024

Rally Credit Union significantly impacts its community by addressing the financial needs and goals of its members. With a focus on providing a variety of financial services, it offers savings accounts, share draft accounts, share certificates, and a range of loan options, including auto, consumer, and commercial loans.

As of December 31, 2022, Rally Credit Union has issued a remarkable 120,191 loans, totaling an outstanding balance of over $3.5 billion. This financial activity not only supports individual members but also stimulates economic growth within the Corpus Christi area and beyond. By prioritizing the needs of its members, Rally Credit Union fosters a cooperative environment where financial empowerment and community development go hand in hand.




This information is meant to be a general summary of Rally 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
$245,877,072 (2022)
Expenses
$173,019,197 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8,191,811
  • Program Service Revenue: $237,685,261
  • Gross Receipts: $246,854,369

Assets and Liabilities:

  • Total Assets: $4,104,675,190
  • Total Liabilities: $3,589,789,208
  • Net Assets: $514,885,982

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Programs

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

INTEREST ON LOANS

Revenue

$177,057,696

FEE INCOME

Revenue

$28,075,039

INTERCHANGE INCOME

Revenue

$21,373,851

INSURANCE & OTHER OPERATING INCOM

Revenue

$10,326,433

NON-OPERATING INCOME

Revenue

$852,242

Organization Details

Founding Year

1955

Principal Officer

Dana Sisk

Main Address

2730 RODD FIELD ROAD, CORPUS CHRISTI, TX, 78414

NTEE Category

Code: W60 - Public benefit

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