Overview
What is Mct Credit Union?
Mct Credit Union is a financial institution located in Port Neches, Texas. With a mission to expand its membership and offer a diverse range of financial services, it welcomed 1,070 new members and opened 3,101 deposit accounts in 2022. The credit union caters to its members with various deposit account options, including share accounts, share draft accounts, money market accounts, individual retirement accounts (IRAs), and certificate of deposit accounts. Members benefit from competitive interest rates. Mct Credit Union boasts five branch locations, a shared branch program, a 24-hour call center, online banking, and bill pay, all offered at no additional cost. This member-owned cooperative aims to provide financial products and services that cater to its members' needs and expectations while maintaining a fair and equitable return. Its commitment to growth is reflected in its pursuit of new members and continuous product enhancement, ultimately making it a valuable financial partner for its community.
Official website here: www.mctcu.org
Is Mct Credit Union legitimate?
Mct Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mct 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: $1,283,935
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,004,092
For more financial information, click here
Official website here: www.mctcu.org
What is the mission statement of Mct Credit Union?
The Mct Credit Union is dedicated to offering financial services, loans, and deposit products that cater to the requirements and aspirations of its member base. It strives to deliver a fair and equitable return to the credit union. The organization is committed to expanding its membership by actively seeking individuals in need of financial services and continually enhancing its product offerings to better meet their evolving needs.
Official website here: www.mctcu.org
Who is the CEO of Mct Credit Union?
Thaddeus Angelle is the CEO of Mct Credit Union The CEO's salary of Mct Credit Union is $354,939 and their total compensation is $608,336.
Official website here: www.mctcu.org
What is the revenue of Mct Credit Union?
Mct Credit Union's revenue in 2023 was $20,307,574.
Official website here: www.mctcu.org
Who are the executives of Mct Credit Union and what are their salaries?
The average compensation at Mct Credit Union during 2023 was $57,688. There are 109 employees and 12 volunteers at Mct Credit Union.
Here are 17 key members and their salaries (Mct Credit Union's CEO's salary is $354,939 and their total compensation is $608,336):
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $354,939
- Related: $0
- Other: $253,397
- Compensation: $190,435
- Related: $0
- Other: $188,282
- Compensation: $217,899
- Related: $0
- Other: $78,983
- Compensation: $126,974
- Related: $0
- Other: $61,081
- Compensation: $116,545
- Related: $0
- Other: $64,138
- Compensation: $126,128
- Related: $0
- Other: $32,863
- Compensation: $112,872
- Related: $0
- Other: $29,113
- Compensation: $117,163
- Related: $0
- Other: $19,077
Official website here: www.mctcu.org
Where can I find the form 990 for Mct Credit Union?
Mct Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mctcu.org
Learn more at the official website: www.mctcu.org
Mission Statement of Mct Credit Union
McT Credit Union is dedicated to delivering financial services, loans, and deposit products that cater to the needs and expectations of its membership base. The credit union aims to provide a fair and equitable return to its members while persistently expanding its reach to include all individuals in search of financial solutions.
McT Credit Union's mission is twofold. First and foremost, it focuses on offering a comprehensive range of financial products and services that cater to the requirements of its diverse membership. By continually enhancing its offerings, the credit union ensures it remains responsive to the evolving financial needs of its community. Secondly, McT Credit Union is committed to growing its membership base. It achieves this by actively seeking out individuals in need of financial services and consistently improving its product offerings to better serve its existing members.
In essence, McT Credit Union serves as a trusted financial partner to its members, providing them with the necessary tools to manage their finances effectively and secure a better financial future. Through its unwavering commitment to its members and its innovative approach to financial services, McT Credit Union has established itself as a reliable and forward-thinking financial institution.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mct Credit Union plays a vital role in its community by offering a range of financial services designed to meet the diverse needs of its members. In 2022 alone, the credit union welcomed 1,070 new members and opened 3,101 deposit accounts, highlighting its commitment to expanding access to financial products.
With five branch locations and additional services through a shared branch program, Mct Credit Union ensures convenience for its members. It offers various deposit account options—including share accounts, share draft accounts, money market accounts, individual retirement accounts (IRAs), and certificates of deposit—with competitive interest rates that benefit depositors.
The credit union's mission focuses on providing fair and equitable financial services tailored to the community's expectations. By continually enhancing its product offerings, Mct Credit Union actively seeks to attract individuals in need of financial solutions, fostering growth in its field of membership. The availability of a 24-hour call center and user-friendly online banking and bill pay services further underscores its dedication to excellent member service. Overall, Mct Credit Union significantly contributes to financial wellness and access within Port Neches, TX, and the surrounding areas.
This information is meant to be a general summary of Mct 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 2023.
- Investment Income: $3,016,021
- Program Service Revenue: $16,676,693
- Gross Receipts: $20,378,286
Assets and Liabilities:
- Total Assets: $355,819,917
- Total Liabilities: $329,151,009
- Net Assets: $26,668,908
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$11,273,866
OTHER OPERATING INCOME
Revenue
$3,640,652
FEES & CHARGES
Revenue
$1,762,175
Organization Details
Founding Year
1953
Principal Officer
Dr George Scott
Website
www.mctcu.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Mct Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.