Overview
What is Membersource Credit Union?
Membersource Credit Union is a financial institution based in Houston, Texas, with a physical address at 10100 Richmond Ave, 77042. It operates with a mission to cater to its members' needs, providing personal and quality service in a professional environment. The credit union manages a total of 25,904 accounts, accumulating an impressive sum of $190,781,808 in savings, certificates of deposit (CDs), checking accounts, and individual retirement accounts (IRAs). Membersource Credit Union upholds this mission through its motivated employees, ensuring they consistently meet the demands of their members.
Official website here: www.membersourcecu.org
Is Membersource Credit Union legitimate?
Membersource Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Membersource 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.membersourcecu.org
What is the mission statement of Membersource Credit Union?
Membersource Credit Union is committed to consistently meeting the needs of its members by providing personal, high-quality service in a professional environment. This is accomplished through motivated employees. The credit union offers a range of financial services, including savings, CDs, checking, and IRAs, with a total of 25,904 accounts and assets totaling $190,781,808.
Official website here: www.membersourcecu.org
Who is the CEO of Membersource Credit Union?
Kenneth Harrington is the Presidentceo of Membersource Credit Union. The CEO's salary of Membersource Credit Union is $0 and their total compensation is $0.
Official website here: www.membersourcecu.org
What is the revenue of Membersource Credit Union?
Membersource Credit Union's revenue in 2022 was $9,456,713.
Official website here: www.membersourcecu.org
Who are the executives of Membersource Credit Union and what are their salaries?
There 12 volunteers at Membersource Credit Union.
Here are 15 key members and their salaries (Membersource Credit Union's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.membersourcecu.org
Where can I find the form 990 for Membersource Credit Union?
Membersource Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.membersourcecu.org
Learn more at the official website: www.membersourcecu.org
Mission Statement of Membersource Credit Union
Membersource Credit Union is committed to consistently meeting its members' needs by providing personal quality service in a professional environment. This mission is achieved through motivated employees who are dedicated to serving Membersource Credit Union's members effectively. The credit union offers a variety of financial services, including savings accounts, certificates of deposit (CDS), checking accounts, and Individual Retirement Accounts (IRAs). As of the provided information, Membersource Credit Union manages a total of 25,904 accounts with a combined value of $190,781,808. The credit union's primary focus is on delivering personalized service to its members, ensuring their financial needs are met in a professional and efficient manner.
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Impact
October, 2024
Membersource Credit Union significantly impacts its community by prioritizing member needs through personalized quality service and a professional environment. With a robust portfolio that includes savings accounts, CDs, checking accounts, and IRAs, Membersource manages a total of 25,904 accounts, equating to $190,781,808 in assets. This commitment to meeting the financial needs of its members is driven by a dedicated team of motivated employees, ensuring that every member receives the attention and service they deserve. By fostering financial well-being in Houston, Membersource Credit Union plays a vital role in enhancing the economic health of the community it serves.
This information is meant to be a general summary of Membersource 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: $520,481
- Program Service Revenue: $8,864,037
- Gross Receipts: $9,456,713
Assets and Liabilities:
- Total Assets: $219,341,455
- Total Liabilities: $199,556,188
- Net Assets: $19,785,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$6,088,957
FEES & CHARGES
Revenue
$1,801,946
ATM INCOME
Revenue
$671,282
CREDIT CARD INTERCHANGE
Revenue
$301,852
Organization Details
Founding Year
2000
Principal Officer
Kenneth Harrington
Main Address
10100 RICHMOND AVE, HOUSTON, TX, 77042
Website
www.membersourcecu.orgNTEE Category
Code: W60 - Public benefit
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