Del Rio Sp Credit Union

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

EIN: 741238592 ✦ Del rio, TX ✦ Designated as a 501(c)(14)

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Overview

What is Del Rio Sp Credit Union?

Del Rio SP Credit Union is a nonprofit organization based in Del Rio, Texas, specifically at 106 North Main Street. Their primary mission is to foster financial responsibility among their members by offering credit at reasonable interest rates and providing an opportunity for economic enhancement. With a small team of three dedicated individuals, they strive to enhance the financial well-being of their members.

Is Del Rio Sp Credit Union legitimate?

Del Rio Sp Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Del Rio Sp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,461

For more financial information, click here

What is the mission statement of Del Rio Sp Credit Union?

Del Rio SP Credit Union's mission is centered around fostering savings habits among its members. It strives to offer credit at reasonable interest rates, thereby serving as a means to enhance their financial standing. The credit union aims to create opportunities for its members to enhance their economic conditions.

Who is the CEO of Del Rio Sp Credit Union?

Patty W Harrison is the Treasurer of Del Rio Sp Credit Union.

What is the revenue of Del Rio Sp Credit Union?

Del Rio Sp Credit Union's revenue in 2022 was $105,186.

Who are the executives of Del Rio Sp Credit Union and what are their salaries?

The average compensation at Del Rio Sp Credit Union during 2022 was $12,487. There are 3 employees and 10 volunteers at Del Rio Sp Credit Union.


Here are 7 key members and their salaries:


Mike Green (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricardo Perez (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patty W Harrison (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Javier Zapata (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mcgonagill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Isae Reyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Guzman Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Del Rio Sp Credit Union?

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

Mission Statement of Del Rio Sp Credit Union

Del Rio Sp Credit Union, as a financial institution, is committed to encouraging savings among its members. Its mission is twofold: firstly, it aims to provide credit at reasonable and fair interest rates. This aspect of its mission is designed to empower its members financially, providing them with the means to meet their financial obligations and improve their overall economic condition. Secondly, the credit union offers its members an opportunity to improve their economic status. By promoting savings and providing accessible credit, Del Rio Sp Credit Union is helping its members to build a solid financial foundation and secure a more prosperous future.

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Impact




October, 2024

Del Rio Sp Credit Union significantly impacts the local community by promoting financial stability and growth among its members. By encouraging thrift, the credit union fosters a culture of saving and financial responsibility. It provides access to credit at fair and reasonable interest rates, enabling members to make essential purchases, invest in their futures, and improve their overall economic condition. This support helps members build better financial foundations for themselves and their families, contributing to the broader economic health of Del Rio, TX. The credit union's mission to uplift its members through sound financial practices creates a ripple effect, enhancing community welfare and promoting public benefit.




This information is meant to be a general summary of Del Rio Sp 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
$105,186 (2022)
Expenses
$189,975 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $41,600
  • Program Service Revenue: $63,586
  • Gross Receipts: $105,186

Assets and Liabilities:

  • Total Assets: $4,223,278
  • Total Liabilities: $2,896,015
  • Net Assets: $1,327,263

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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

$57,650

Admin. Fees and Charges

Revenue

$5,936

Organization Details

Founding Year

1954

Principal Officer

Patty W Harrison

Main Address

106 North Main Street, Del Rio, TX, 78840

NTEE Category

Code: W60 - Public benefit

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