Houston Highway Credit Union

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

EIN: 741280652 ✦ Houston, TX ✦ Designated as a 501(c)(14)

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Overview

What is Houston Highway Credit Union?

Houston Highway Credit Union is a financial cooperative situated in Houston, Texas, specifically at 8120 Washington Ave, 77007. This nonprofit organization offers a wide array of loan products to its members at competitive rates. As a credit union, its primary mission is to provide various financial services, such as savings, checking, and investment options, to its membership base. With a team of 15 dedicated employees, Houston Highway Credit Union aims to cater to the financial needs of its members effectively and affordably.

Is Houston Highway Credit Union legitimate?

Houston Highway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Houston Highway 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: $174,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Houston Highway Credit Union?

Houston Highway Credit Union serves as a financial cooperative, catering to its members by providing a wide range of financial services at competitive rates. Its primary mission is to act as a financial cooperative, offering various loan products at favorable interest rates. The credit union's objective is to support its members financially, ensuring they have access to competitive financial services. The credit union's activities are geared towards meeting the diverse financial needs of its members, providing them with financial solutions tailored to their needs.

Who is the CEO of Houston Highway Credit Union?

David Gerow is the Board Chair of Houston Highway Credit Union. The CEO's salary of Houston Highway Credit Union is $0 and their total compensation is $0.

What is the revenue of Houston Highway Credit Union?

Houston Highway Credit Union's revenue in 2022 was $2,201,820.

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

The average compensation at Houston Highway Credit Union during 2022 was $11,601. There are 15 employees at Houston Highway Credit Union.


Here are 10 key members and their salaries (Houston Highway Credit Union's CEO's salary is $0 and their total compensation is $0):


Mike Alford (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Dennis (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Otto Maresh (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Ranft (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lonnie Johnson Sr (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Orlando Felix (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sonja Trojan (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Watters (Interim Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Gerow (Avp Operations)
  • Compensation: $86,008
  • Related: $0
  • Other: $0
Juan Villegas (Vp Oerations)
  • Compensation: $88,010
  • Related: $0
  • Other: $0
Where can I find the form 990 for Houston Highway Credit Union?

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

Mission Statement of Houston Highway Credit Union

Houston Highway Credit Union, as a financial cooperative, is dedicated to providing a wide range of financial services to its members at competitive rates. Its mission is to act as a financial partner, offering various loan products at favorable rates to ensure its members can meet their financial needs efficiently. The credit union aims to foster a sense of financial inclusion and prosperity among its members, empowering them to make informed financial decisions and manage their resources effectively.

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Impact




October, 2024

Houston Highway Credit Union serves as a vital financial resource for its members by offering a comprehensive range of financial services at competitive rates. The credit union’s impact is evident in its commitment to member-centric service, providing various loan products that cater to the diverse needs of the community in Houston, TX. By prioritizing competitive rates, it empowers its members to achieve their financial goals and enhances their overall financial well-being. This cooperative model fosters a sense of community and mutual support, ensuring that members can access affordable financial services tailored to their specific circumstances, ultimately contributing to their economic stability and growth.




This information is meant to be a general summary of Houston Highway 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
$2,201,820 (2022)
Expenses
$2,943,417 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $105,312
  • Program Service Revenue: $2,096,508
  • Gross Receipts: $2,201,820

Assets and Liabilities:

  • Total Assets: $49,153,973
  • Total Liabilities: $47,074,798
  • Net Assets: $2,079,175

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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

$1,590,417

FEES & CHARGES

Revenue

$380,087

OTHER OPERATING

Revenue

$126,004

Organization Details

Founding Year

1952

Principal Officer

David Gerow

Main Address

8120 WASHINGTON AVE, HOUSTON, TX, 77007

NTEE Category

Code: W60 - Public benefit

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