Eastex Credit Union

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

EIN: 741301187 ✦ Evadale, TX ✦ Designated as a 501(c)(14)

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Overview

What is Eastex Credit Union?

Eastex Credit Union, situated in Evadale, Texas, operates as a cooperative institution, dedicated to fostering financial stability among its members. They achieve this by investing member funds, offering loans, and managing deposits, which generate the income and cash flow necessary to provide these services. The primary mission of Eastex Credit Union is to provide the community with the best financial solutions, encompassing a wide range of offerings. With a workforce of 44 employees, they strive to meet the financial needs of their members efficiently.


Official website here: www.eastexcu.org

What do the Facebook reviews say about Eastex Credit Union?

90% of 12 reviewers on Facebook recommend Eastex Credit Union. Here is a summary of their reviews:

Many members express appreciation for the helpful and friendly nature of the staff, highlighting the excellent service provided over the years. Long-term members specifically note their satisfaction with the consistent support and assistance they have received.

Overall, patrons feel that Eastex Credit Union successfully delivers on its promise of quality service, contributing to a positive banking experience for its members.


This AI summary has been generated from reviews found on Facebook.

Is Eastex Credit Union legitimate?

Eastex Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Eastex 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: $256,174
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,293,343

For more financial information, click here


Official website here: www.eastexcu.org

What is the mission statement of Eastex Credit Union?

Eastex Credit Union's mission is centered around providing the best financial solutions to its members. As a cooperative, it achieves financial stability by investing member funds and offering loans and deposit services, thereby generating the income necessary to sustain its operations and provide these services. Essentially, Eastex Credit Union seeks to enhance its members' financial well-being through its financial solutions.


Official website here: www.eastexcu.org

Who is the CEO of Eastex Credit Union?

Loretta Chatagnier is the Chairman of Eastex Credit Union. The CEO's salary of Eastex Credit Union is $153,260 and their total compensation is $169,015.


Official website here: www.eastexcu.org

What is the revenue of Eastex Credit Union?

Eastex Credit Union's revenue in 2022 was $5,553,461.


Official website here: www.eastexcu.org

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

The average compensation at Eastex Credit Union during 2022 was $35,216. There are 44 employees and 7 volunteers at Eastex Credit Union.


Here are 9 key members and their salaries (Eastex Credit Union's CEO's salary is $153,260 and their total compensation is $169,015):


James Parsley (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Etue (V. Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troyce Taylor (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Je Martindale (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis Mcdaniel (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Adams (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlene Lacy (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loretta Chatagnier (President/Ceo)
  • Compensation: $153,260
  • Related: $0
  • Other: $15,755
Connie Hawthorne (Coo)
  • Compensation: $75,553
  • Related: $0
  • Other: $11,606


Official website here: www.eastexcu.org

Where can I find the form 990 for Eastex Credit Union?

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


Official website here: www.eastexcu.org

Learn more at the official website: www.eastexcu.org

Mission Statement of Eastex Credit Union

Eastex Credit Union, as a cooperative, is committed to promoting financial stability for its membership. It achieves this goal by investing its members' funds and providing them with both loans and deposit services. This financial triad allows Eastex Credit Union to generate the necessary operating income and cashflow, enabling it to continue offering these valuable services to its members. In essence, Eastex Credit Union's mission is to provide its members with the best possible financial solutions.

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Impact




October, 2024

Eastex Credit Union actively promotes financial stability within its community by offering tailored financial solutions that meet the diverse needs of its members. By investing membership funds and providing loans and deposit services, it generates the necessary operating income to continue offering these valuable financial resources.

Located in Evadale, Texas, Eastex Credit Union serves as a cooperative that empowers individuals and families by facilitating access to essential financial services, fostering economic well-being, and promoting responsible financial management. Through its commitment to supporting its membership, Eastex Credit Union plays a significant role in enhancing the overall financial health of the community.




This information is meant to be a general summary of Eastex 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
$5,553,461 (2022)
Expenses
$5,236,747 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $370,973
  • Program Service Revenue: $5,017,312
  • Gross Receipts: $7,553,461

Assets and Liabilities:

  • Total Assets: $114,544,925
  • Total Liabilities: $102,352,451
  • Net Assets: $12,192,474

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCOME ON LOANS

Revenue

$2,904,165

FEES/CHARGES/OTHER

Revenue

$2,073,800

FINANCE AND INSURANCE

Revenue

$39,347

Organization Details

Founding Year

1955

Principal Officer

Loretta Chatagnier

Main Address

966 FM 105, EVADALE, TX, 77615

NTEE Category

Code: W60 - Public benefit

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