Rio Grande Valley Credit Union

Rgv Credit Union

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

EIN: 741367995 ✦ Harlingen, TX ✦ Designated as a 501(c)(14)

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Overview

What is Rio Grande Valley Credit Union?

Rio Grande Valley Credit Union, often referred to as RGV Credit Union, is a community-focused financial institution situated in Harlingen, Texas. With a mission to serve as a "financial helping hand," RGV Credit Union provides a range of checking accounts tailored to meet the diverse needs of its members. These accounts can offer features such as interest bearing dividends, free internet access, and bill pay services. The credit union's mission extends beyond financial services, as it also aims to be the primary source for financial education for its members. With a dedicated workforce of 60 employees, RGV Credit Union is committed to offering quality financial assistance to its members in the Rio Grande Valley area.


Official website here: www.rgvcu.coop

Is Rio Grande Valley Credit Union legitimate?

Rio Grande Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Rio Grande Valley 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: $224,204
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,944,871

For more financial information, click here


Official website here: www.rgvcu.coop

What is the mission statement of Rio Grande Valley Credit Union?

The Rio Grande Valley Credit Union's mission is to serve as the primary provider of financial services and financial education for its members. Their mission statement, "Your Financial Helping Hand," underscores this commitment. They offer a variety of checking account types, catering to different member needs. Features range from interest-bearing accounts to free checking, with benefits such as monthly dividends, internet access, and bill pay services included. Members also have access to any of the credit union's ATMs and can find a surcharge-free ATM through Allpoint, as detailed on their website.


Official website here: www.rgvcu.coop

Who is the CEO of Rio Grande Valley Credit Union?

Sherilyn Goad is the Chair of Rio Grande Valley Credit Union. The CEO's salary of Rio Grande Valley Credit Union is $184,927 and their total compensation is $224,204.


Official website here: www.rgvcu.coop

What is the revenue of Rio Grande Valley Credit Union?

Rio Grande Valley Credit Union's revenue in 2022 was $5,787,054.


Official website here: www.rgvcu.coop

Who are the executives of Rio Grande Valley Credit Union and what are their salaries?

The average compensation at Rio Grande Valley Credit Union during 2022 was $36,151. There are 60 employees and 18 volunteers at Rio Grande Valley Credit Union.


Here are 10 key members and their salaries (Rio Grande Valley Credit Union's CEO's salary is $184,927 and their total compensation is $224,204):


David Jones (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Montemayor (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emma Mccall (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Coffman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Beattie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad E Bender (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Imelda Hernandez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Leatherman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allyson Morrow (Ceo/Cfo)
  • Compensation: $184,927
  • Related: $0
  • Other: $39,277


Official website here: www.rgvcu.coop

Where can I find the form 990 for Rio Grande Valley Credit Union?

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


Official website here: www.rgvcu.coop

Learn more at the official website: www.rgvcu.coop

Mission Statement of Rio Grande Valley Credit Union

Rio Grande Valley Credit Union, often referred to as RGV Credit Union, is dedicated to serving its members as their "financial helping hand." Its primary objective is to be the main provider of financial services and financial education for its members. The credit union offers a variety of checking accounts designed to cater to the diverse needs of its members. These accounts range from basic, free checking options to those that yield interest. Regardless of the type, all checking accounts come with benefits such as monthly dividends, free internet access, and bill pay services. RGV Credit Union members also enjoy the convenience of using any one of the credit union's ATMs, and can easily locate a surcharge-free ATM through the Allpoint network on their website.

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Impact




October, 2024

Rio Grande Valley Credit Union has a significant impact on its community by fulfilling its mission of being "Your Financial Helping Hand." It provides a range of checking account options tailored to meet the diverse needs of its members, from free checking services to interest-bearing accounts, ensuring accessibility and flexibility in personal finance management. Members benefit from monthly dividends and free internet access, alongside convenient online bill pay services.

In addition to financial services, Rio Grande Valley Credit Union emphasizes financial education, positioning itself as a primary resource for members seeking to enhance their financial literacy. The availability of surcharge-free ATMs through its network, including ALLPOINT, extends its commitment to providing accessible banking solutions. The credit union's focus on supporting its members not only fosters individual financial growth but also strengthens the wider community in Harlingen, Texas.




This information is meant to be a general summary of Rio Grande Valley 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
$5,787,054 (2022)
Expenses
$4,888,464 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $832,905
  • Program Service Revenue: $4,954,149
  • Gross Receipts: $5,792,054

Assets and Liabilities:

  • Total Assets: $155,717,321
  • Total Liabilities: $143,690,819
  • Net Assets: $12,026,502

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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

$3,503,630

FEE INCOME

Revenue

$1,186,464

OTHER OPERATING INCOME

Revenue

$264,055

Organization Details

Founding Year

1954

Principal Officer

Sherilyn Goad

Main Address

1221 MORGAN BLVD, HARLINGEN, TX, 78550

NTEE Category

Code: W60 - Public benefit

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