Overview
What is Investex Credit Union?
Investex Credit Union is a member-centric, non-profit financial institution, established under the Texas Credit Union Act. Its primary goal is to foster savings among its members, provide affordable credit, and contribute to their economic improvement. With a strong commitment to service, Investex Credit Union prioritizes the needs of its members while maintaining a financially stable organization. The credit union operates with a cooperative spirit, reflecting the values and character of its members. With a team of 67 dedicated employees, Investex Credit Union is dedicated to building and strengthening its relationships with its members.
Official website here: www.investexcu.org
Is Investex Credit Union legitimate?
Investex Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Investex 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: $1,202,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,699,050
For more financial information, click here
Official website here: www.investexcu.org
What is the mission statement of Investex Credit Union?
Investex Credit Union's mission is centered around providing top-notch service to its members, while ensuring financial stability. The institution's core values mirror the resilience and strength of its members, fostering a growing relationship with them. As a voluntary, cooperative, and non-profit savings institution, Investex Credit Union was established under the Texas Credit Union Act, with the purpose of promoting thrift among its members, offering credit at reasonable interest rates, and aiding in the improvement of their economic conditions.
Official website here: www.investexcu.org
Who is the CEO of Investex Credit Union?
Keith Kearney is the Ceo/President of Investex Credit Union. The CEO's salary of Investex Credit Union is $359,285 and their total compensation is $359,285.
Official website here: www.investexcu.org
What is the revenue of Investex Credit Union?
Investex Credit Union's revenue in 2022 was $11,757,085.
Official website here: www.investexcu.org
Who are the executives of Investex Credit Union and what are their salaries?
The average compensation at Investex Credit Union during 2022 was $58,225. There are 67 employees and 9 volunteers at Investex Credit Union.
Here are 18 key members and their salaries (Investex Credit Union's CEO's salary is $359,285 and their total compensation is $359,285):
- Compensation: $359,285
- Related: $0
- Other: $0
- Compensation: $140,643
- Related: $0
- Other: $0
- Compensation: $131,879
- Related: $0
- Other: $0
- Compensation: $117,437
- Related: $0
- Other: $0
- Compensation: $117,017
- Related: $0
- Other: $0
- Compensation: $113,128
- Related: $0
- Other: $0
- Compensation: $113,100
- Related: $0
- Other: $0
- Compensation: $109,551
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.investexcu.org
Where can I find the form 990 for Investex Credit Union?
Investex Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.investexcu.org
Learn more at the official website: www.investexcu.org
Mission Statement of Investex Credit Union
Investex Credit Union is committed to delivering exceptional service to its members, all while upholding a financially stable structure. This mission is rooted in the credit union's core values, which mirror the strong character of its members and the evolving bond it shares with them. As a voluntary, cooperative, and non-profit savings institution, Investex Credit Union was established under the Texas Credit Union Act. Its primary objectives include fostering thrift among its members, offering credit at reasonable interest rates, and providing a platform for members to enhance their financial standing.
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Impact
October, 2024
Investex Credit Union plays a significant role in fostering financial stability and growth within its community. By focusing on delivering high-quality service to its members, it cultivates strong relationships that contribute to their overall economic well-being.
Through its commitment to encouraging thrift and providing credit at fair interest rates, Investex empowers individuals to make sound financial decisions, ultimately enhancing their economic conditions. The cooperative model promotes a sense of community, allowing members to support each other while benefiting from shared resources and services.
Investex's mission reflects a dedication to maintaining a solid financial foundation, ensuring that it can continue to serve its members effectively and responsibly. This approach not only strengthens the credit union itself but also reinforces the financial health of the community it serves.
This information is meant to be a general summary of Investex 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: $1,590,667
- Program Service Revenue: $10,166,418
- Gross Receipts: $11,757,085
Assets and Liabilities:
- Total Assets: $240,942,803
- Total Liabilities: $2,297,473
- Net Assets: $238,645,330
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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
$5,763,083
FEE INCOME
Revenue
$3,130,728
OTHER INCOME
Revenue
$1,272,607
Organization Details
Founding Year
1952
Phone
(281) 449-0109Principal Officer
Keith Kearney
Main Address
8404 FM 1960 BYPASS RD WEST, HUMBLE, TX, 77338
Website
www.investexcu.orgNTEE Category
Code: W60 - Public benefit
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