Hwy District 9 Credit Union

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

EIN: 741272799 ✦ Waco, TX ✦ Designated as a 501(c)(14)

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Overview

What is Hwy District 9 Credit Union?

Hwy District 9 Credit Union is a member-owned cooperative, established under the state credit union law, based in Waco, Texas. The credit union offers a range of financial services to its members, including traditional deposit and loan products. Their loan program encompasses various categories such as consumer automobile loans, unsecured loans, share loans, and residential mortgage loans. Additionally, they provide loan-related insurance products like Single Premium Disability. As a nonprofit, Highway District 9 Credit Union's mission is to improve the economic well-being of its member-owners. With a small workforce of only two employees, the credit union serves its community with dedication.


Official website here: www.hwydist9.com

Is Hwy District 9 Credit Union legitimate?

Hwy District 9 Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hwy District 9 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: $67,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hwydist9.com

What is the mission statement of Hwy District 9 Credit Union?

Hwy District 9 Credit Union, as a member-owned cooperative, is established under state credit union law. Its primary mission is to enhance the economic well-being of its member-owners. The credit union offers traditional deposit and loan products, along with other financial services, adhering to the principles of a cooperative. The credit union's activities are centered around providing consumer automobile loans, unsecured loans, share loans, and residential mortgage loans to its members. Furthermore, it offers loan-related insurance products such as Single Premium Disability, aiming to cater to the diverse financial needs of its member-owners.


Official website here: www.hwydist9.com

Who is the CEO of Hwy District 9 Credit Union?

Rachel Reavis is the President/Manager of Hwy District 9 Credit Union.


Official website here: www.hwydist9.com

What is the revenue of Hwy District 9 Credit Union?

Hwy District 9 Credit Union's revenue in 2022 was $142,648.


Official website here: www.hwydist9.com

Who are the executives of Hwy District 9 Credit Union and what are their salaries?

The average compensation at Hwy District 9 Credit Union during 2022 was $33,730. There are 2 employees and 5 volunteers at Hwy District 9 Credit Union.


Here are 6 key members and their salaries:


Rachel Reavis (President/Manager)
  • Compensation: $46,271
  • Related: $46,271
  • Other: $0
Janis Guest (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Swinson Iii (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Phillips (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Martelli (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Powledge (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hwydist9.com

Where can I find the form 990 for Hwy District 9 Credit Union?

Hwy District 9 Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hwydist9.com

Learn more at the official website: www.hwydist9.com

Mission Statement of Hwy District 9 Credit Union

Highway District 9 Credit Union, as a member-owned cooperative, is dedicated to improving the economic well-being of its members. Established under the state credit union law, this State-Chartered Credit Union offers traditional deposit and loan products, along with various other financial services. The credit union's mission is centered around providing its members with consumer automobile loans, unsecured loans, share loans, and residential mortgage loans. Additionally, Highway District 9 Credit Union offers loan-related insurance products such as Single Premium Disability, further extending its financial services to its members. The credit union's focus on member-owned cooperative principles highlights its commitment to promoting financial stability and growth for its members.

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Impact




October, 2024

Hwy District 9 Credit Union significantly contributes to the economic well-being of its members in Waco, TX, by offering a range of traditional deposit and loan products tailored to their needs. By providing consumer automobile loans, unsecured loans, share loans, and residential mortgage loans, the credit union empowers individuals and families to access financing options that can enhance their quality of life.

The financial services offered extend beyond basic loans, as the credit union also features loan-related insurance products like Single Premium Disability. This comprehensive approach ensures that members have the support they need not only to secure loans but also to protect themselves against unforeseen circumstances.

As a member-owned cooperative, Hwy District 9 Credit Union prioritizes its members' interests, fostering a sense of community and collaboration. By focusing on improving the economic landscape for its membership, the credit union plays a vital role in promoting financial stability and opportunity within the Waco area.




This information is meant to be a general summary of Hwy District 9 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
$142,648 (2022)
Expenses
$149,463 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $37,688
  • Program Service Revenue: $104,960
  • Gross Receipts: $142,648

Assets and Liabilities:

  • Total Assets: $4,791,328
  • Total Liabilities: $20,965
  • Net Assets: $4,770,363

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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

$98,817

Fee Income

Revenue

$6,058

Other Income

Revenue

$85

Organization Details

Founding Year

1953

Principal Officer

Rachel Reavis

Main Address

2417 Columbus Avenue, Waco, TX, 76701

NTEE Category

Code: W60 - Public benefit

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