Brazos Valley Schools 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: 741397874 ✦ Katy, TX ✦ Designated as a 501(c)(14)

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Overview

What is Brazos Valley Schools Credit Union?

Brazos Valley Schools Credit Union, a cooperative financial institution headquartered in Katy, Texas, was established with the mission to provide credit union services to qualified members. With over 60,993 member-owned accounts as of December 31, 2022, the credit union offers share accounts that come with quarterly member savings dividends. Members can access their accounts through branch offices, online banking, telephone, and ATMs worldwide. The credit union encourages the use of automated payroll deposits to foster consistent savings habits. The organization's activities include offering financial services to its members, with a team of 230 employees dedicated to serving them.


Official website here: www.bvscu.org

What do the Facebook reviews say about Brazos Valley Schools Credit Union?

60% of 32 reviewers on Facebook recommend Brazos Valley Schools Credit Union. Here’s what they are saying:

Several users express enthusiasm about recent changes, especially improvements to the app and website. The new features have been well-received for making banking faster and easier. Notably, one reviewer highlighted the ability to hide accounts and the seamless integration with the Mint app, emphasizing how these updates have enhanced their overall banking experience.

While the overall recommendation rate is moderate, the positive responses indicate satisfaction with the technological upgrades and customer support provided during the transition. Users appreciate that the changes have made it accessible for individuals of all ages, showcasing the credit union's commitment to improving user experience.


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

Is Brazos Valley Schools Credit Union legitimate?

Brazos Valley Schools Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Brazos Valley Schools 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: $2,039,535
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,890,246

For more financial information, click here


Official website here: www.bvscu.org

What is the mission statement of Brazos Valley Schools Credit Union?

The Brazos Valley Schools Credit Union functions as a cooperative financial institution, providing credit union services to eligible members, as chartered by the State of Texas. Their mission is geared towards offering credit union financial services to qualified individuals. The credit union manages over 60,000 member-owned accounts, allowing members of all ages to open share accounts. Quarterly member savings dividends, along with the convenience of branch offices, internet banking, telephone banking, and ATMs worldwide, make saving a consistent habit for members. The Brazos Valley Schools Credit Union encourages members to set up automated payroll deposits to strengthen their savings habits.


Official website here: www.bvscu.org

Who is the CEO of Brazos Valley Schools Credit Union?

Yvonne Kershner is the Chairman of Brazos Valley Schools Credit Union.


Official website here: www.bvscu.org

What is the revenue of Brazos Valley Schools Credit Union?

Brazos Valley Schools Credit Union's revenue in 2022 was $44,696,240.


Official website here: www.bvscu.org

Who are the executives of Brazos Valley Schools Credit Union and what are their salaries?

The average compensation at Brazos Valley Schools Credit Union during 2022 was $38,825. There are 230 employees at Brazos Valley Schools Credit Union.


Here are 18 key members and their salaries:


Michael Griffin (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Kubelka (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Delgado (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Madden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph E Simmons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melvin Nash (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Od Tompkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvonne Kershner (President)
  • Compensation: $542,870
  • Related: $0
  • Other: $0
Christina Frith (Chief Member Experience Of)
  • Compensation: $203,278
  • Related: $0
  • Other: $0
Courtney Poole (Cfo)
  • Compensation: $214,304
  • Related: $0
  • Other: $0
Chelsea Wooten (Vp Lending)
  • Compensation: $141,628
  • Related: $0
  • Other: $0
Andrea Maestretti (Vp Human Resources)
  • Compensation: $144,216
  • Related: $0
  • Other: $0
Diane Davis (Vp Branch Operations)
  • Compensation: $149,878
  • Related: $0
  • Other: $0
James Cushing (Vp Operations)
  • Compensation: $169,190
  • Related: $0
  • Other: $0
Dhanika Patel (Director Of Internal Audit)
  • Compensation: $145,467
  • Related: $0
  • Other: $0
William Guthrie (It Manager)
  • Compensation: $120,936
  • Related: $0
  • Other: $0
Mandy Daniela (Compliance Officer)
  • Compensation: $104,311
  • Related: $0
  • Other: $0
Catherine Childres (Branch Manager)
  • Compensation: $103,460
  • Related: $0
  • Other: $0


Official website here: www.bvscu.org

Where can I find the form 990 for Brazos Valley Schools Credit Union?

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


Official website here: www.bvscu.org

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

Mission Statement of Brazos Valley Schools Credit Union

Brazos Valley Schools Credit Union is a cooperative financial institution, chartered by the State of Texas, dedicated to providing credit union services to eligible members. The mission of this credit union is to act as a cooperative provider of financial services to qualified individuals.

Members of all ages can benefit from Brazos Valley Schools Credit Union's share accounts. In the last recorded quarter, there were 60,993 member-owned accounts within the credit union. Member savings dividends are paid out on a regular basis. Access to these accounts is convenient and flexible, with options to visit branch offices, utilize home banking via the internet or telephone, and withdraw funds at ATMs worldwide. The credit union encourages members to set up automated payroll deposits into their accounts to promote consistent savings habits.

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Impact




October, 2024

Brazos Valley Schools Credit Union significantly enhances the financial well-being of its members by offering a range of cooperative thrift services designed to foster savings and financial stability. With 60,993 member-owned accounts as of December 31, 2022, the credit union provides accessible share accounts that cater to individuals of all ages. These accounts not only promote regular savings habits through features like automated payroll deposits but also ensure members receive quarterly dividends on their savings.

Located in Katy, Texas, the credit union operates with a mission to serve qualified members by providing vital financial services in an accessible and user-friendly manner. Members can easily manage their accounts through various channels, including branch offices, home banking, and ATMs worldwide. This comprehensive service model encourages financial literacy and empowerment, ultimately benefiting the community as a whole. Through its commitment to cooperative values, Brazos Valley Schools Credit Union plays a crucial role in enhancing the economic stability and financial independence of its members.




This information is meant to be a general summary of Brazos Valley Schools 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
$44,696,240 (2022)
Expenses
$31,045,794 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $14,376,957
  • Program Service Revenue: $30,319,283
  • Gross Receipts: $44,696,240

Assets and Liabilities:

  • Total Assets: $984,706,285
  • Total Liabilities: $891,460,217
  • Net Assets: $93,246,068

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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

$19,486,933

CARD INTERCHANGE

Revenue

$5,127,329

MEMBER FEES

Revenue

$5,092,695

GAP AND AUTO WARRANTY

Revenue

$482,536

INSURANCE AND CREDIT CARD FEES

Revenue

$72,728

Organization Details

Founding Year

1954

Principal Officer

Yvonne Kershner

Main Address

25525 KATY MILLS PKWY, KATY, TX, 77494

NTEE Category

Code: W60 - Public benefit

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