Overview
What is Memorial Credit Union?
Memorial Credit Union, established in Houston, Texas, serves as a cooperative financial institution, ensuring the financial well-being of its members and their families. With over 10,572 members as of December 31, 2022, the credit union offers various advantages, such as share accounts, monthly dividends, and access to home banking and mobile banking services. Moreover, special accounts are available for minors to foster consistent savings habits. The credit union is overseen by both the State of Texas Credit Union Department and the National Credit Union Administration, ensuring its stability and security. The credit union's mission is to promote financial health among its members, committing to their financial growth today and in the future.
Official website here: www.memorialcu.org
Is Memorial Credit Union legitimate?
Memorial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Memorial 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: $1,606,809
For more financial information, click here
Official website here: www.memorialcu.org
What is the mission statement of Memorial Credit Union?
Memorial Credit Union's mission is centered around enhancing the financial well-being of its members and their families, with a focus on the present and future. This is achieved by offering services that cater to their financial needs, starting from how they can manage their finances effectively today. The credit union provides advantages such as a share account, monthly dividends for savings accounts, and various banking options like online and mobile banking. Furthermore, it encourages saving habits in minors through special accounts.
Official website here: www.memorialcu.org
Who is the CEO of Memorial Credit Union?
Thomas Rogers is the Ceo of Memorial Credit Union. The CEO's salary of Memorial Credit Union is $181,053 and their total compensation is $181,053.
Official website here: www.memorialcu.org
What is the revenue of Memorial Credit Union?
Memorial Credit Union's revenue in 2022 was $6,273,128.
Official website here: www.memorialcu.org
Who are the executives of Memorial Credit Union and what are their salaries?
The average compensation at Memorial Credit Union during 2022 was $50,213. There are 32 employees and 7 volunteers at Memorial Credit Union.
Here are 11 key members and their salaries (Memorial Credit Union's CEO's salary is $181,053 and their total compensation is $181,053):
- Compensation: $181,053
- Related: $0
- Other: $0
- Compensation: $137,999
- Related: $0
- Other: $0
- Compensation: $115,406
- Related: $0
- Other: $0
- Compensation: $111,108
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.memorialcu.org
Where can I find the form 990 for Memorial Credit Union?
Memorial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorialcu.org
Learn more at the official website: www.memorialcu.org
Mission Statement of Memorial Credit Union
Memorial Credit Union, a cooperative thrift institution, is dedicated to enhancing the financial well-being of its members and their families for the long term. Their mission is centered around finding ways to support their members financially today, with a view to ensuring their financial health in the future. The credit union offers various financial products and services, including a share account that benefits members of all ages, and a savings account that pays monthly dividends. Members can also utilize the home banking and mobile banking services via internet or telephone automated lines to manage their accounts. Moreover, Memorial Credit Union encourages savings habits in minors through specialized accounts. The credit union's wide-ranging branch network and ATMs provide global access to its services.
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Impact
October, 2024
Memorial Credit Union plays a significant role in enhancing the financial well-being of its members and their families. By providing access to cooperative thrift services, it fosters a sense of community and support among its 10,572 members as of December 31, 2022. The credit union offers a variety of share accounts that pay monthly dividends, allowing members of all ages to grow their savings effectively.
Additionally, Memorial Credit Union features convenient banking options, including home and mobile banking, making it easier for members to manage their finances. The availability of a worldwide branch network and ATMs ensures that members have reliable access to their accounts, no matter where they are.
Targeted offerings such as special accounts for minors promote healthy savings habits from a young age, while the Christmas and vacation club accounts encourage planned financial management for personal goals. Through these initiatives, Memorial Credit Union is dedicated to fostering the financial health of its members today and for the future.
This information is meant to be a general summary of Memorial 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: $218,405
- Program Service Revenue: $4,845,493
- Gross Receipts: $6,273,128
Assets and Liabilities:
- Total Assets: $94,243,992
- Total Liabilities: $85,065,443
- Net Assets: $9,178,549
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CREDIT UNION
Revenue
$4,845,493
Organization Details
Founding Year
1953
Phone
(713) 778-6300Principal Officer
Thomas Rogers
Main Address
7789 SW FRWY SUITE 175, HOUSTON, TX, 77074
Website
www.memorialcu.orgNTEE Category
Code: W60 - Public benefit
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