Overview
What is Lubrizol Employees Credit Union?
Lubrizol Employees Credit Union is a cooperative financial institution based in Deer Park, Texas. Regulated by the Texas Credit Union Department, it serves as a thrift institution for its member-owners, numbering 3,387 as of December 31, 2022. The credit union offers various financial services, with a primary focus on share accounts, checking accounts, and consumer loans. Their share accounts provide competitive interest rates and quarterly dividends, and they even offer specialized accounts for children, teenagers, and young adults to foster savings habits. Members aged 18 and above enjoy free accidental death and dismemberment insurance worth $2,000. Additionally, the credit union provides additional services such as notary services, money orders, and wire transfers at little or no cost. Ultimately, the Lubrizol Employees Credit Union's mission is to build and maintain long-term relationships through family-oriented service, while delivering progressive and advantageous financial solutions, all while maintaining financial strength and stability.
Official website here: www.lzecu.org
What do the Facebook reviews say about Lubrizol Employees Credit Union?
94% of reviewers on Facebook recommend Lubrizol Employees Credit Union, showcasing a strong level of satisfaction among its members. The feedback highlights the personal service provided by the staff, with many users noting the friendly environment and the familiarity that comes from being known by name.
Members appreciate the attentive assistance and the overall welcoming nature of the credit union, which fosters a sense of community. This commitment to personalized service makes customers feel valued and encouraged to continue their banking relationship with the institution.
Overall, it seems that Lubrizol Employees Credit Union effectively meets the needs of its members, as reflected in the high recommendation rate and the positive sentiments expressed regarding their customer care.
This AI summary has been generated from reviews found on Facebook.
Is Lubrizol Employees Credit Union legitimate?
Lubrizol Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lubrizol Employees 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: $160,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,373
For more financial information, click here
Official website here: www.lzecu.org
What is the mission statement of Lubrizol Employees Credit Union?
Lubrizol Employees Credit Union's mission is centered around establishing long-term relationships with its members by providing family-oriented service and progressive financial solutions. The credit union aims to be the preferred choice for financial services, striving to enhance the lives of its members and employees. Their primary offerings include share accounts, checking accounts, and consumer loans, with a focus on providing competitive rates, quarterly dividends, and special accounts for children and young adults. Additionally, they offer various cost-effective services such as notary service, money orders, and wire transfers.
Official website here: www.lzecu.org
Who is the CEO of Lubrizol Employees Credit Union?
Rose Flores is the President/Manager of Lubrizol Employees Credit Union.
Official website here: www.lzecu.org
What is the revenue of Lubrizol Employees Credit Union?
Lubrizol Employees Credit Union's revenue in 2022 was $1,955,515.
Official website here: www.lzecu.org
Who are the executives of Lubrizol Employees Credit Union and what are their salaries?
The average compensation at Lubrizol Employees Credit Union during 2022 was $65,331. There are 8 employees and 10 volunteers at Lubrizol Employees Credit Union.
Here are 10 key members and their salaries:
- Compensation: $160,276
- Related: $0
- Other: $29,307
- 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.lzecu.org
Where can I find the form 990 for Lubrizol Employees Credit Union?
Lubrizol Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lzecu.org
Learn more at the official website: www.lzecu.org
Mission Statement of Lubrizol Employees Credit Union
Lubrizol Employees Credit Union, as a cooperative thrift institution, is dedicated to establishing long-lasting relationships with its members through their family-focused service. The credit union's mission is to provide beneficial and forward-thinking financial services, while ensuring its stability and strength. Their ultimate goal is to become the preferred financial services provider for their members and employees, aiming to enrich their lives in the process.
The credit union offers a variety of products and services designed to cater to different needs. These include share accounts, checking accounts, and consumer loans. Their share accounts, which cater to members of all ages, offer competitive interest rates and quarterly dividends. They also have special accounts tailored for children, teenagers, and young adults to foster consistent savings habits. Active members aged 18 and above enjoy free accidental death and dismemberment insurance worth $2,000. Additionally, the credit union offers various services, such as notary service, money orders, and wire transfers, at a low or no cost.
In summary, Lubrizol Employees Credit Union's mission is to build strong relationships with its members, offering progressive financial services while maintaining its strength and stability. Its goal is to become the go-to financial services provider, enriching the lives of its members and employees. Their product offerings, including share accounts, checking accounts, and consumer loans, are designed with the needs of various age groups in mind, aiming to promote savings habits and offer competitive rates.
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Impact
October, 2024
Lubrizol Employees Credit Union plays a significant role in fostering financial well-being and stability for its members in Deer Park, TX. With a membership of 3,387 as of the end of 2022, it provides a range of financial products and services tailored to meet the needs of individuals and families.
The share accounts offered by the credit union come with competitive rates, allowing members to earn dividends quarterly, thus promoting savings among all age groups. Special accounts are available for children, teenagers, and young adults, encouraging early financial literacy and the development of responsible savings habits.
Moreover, the credit union emphasizes community and member support through various no-cost or low-cost services, such as notary services, money orders, and wire transfers, making financial transactions more accessible for its members.
Lubrizol Employees Credit Union's commitment to building lifelong relationships and providing family-friendly service directly contributes to its mission of enriching the lives of its members. By maintaining a strong financial foundation and offering progressive financial services, the credit union positions itself as a trusted partner in the economic growth of its community. Active membership also brings additional benefits, including free accidental death and dismemberment insurance for members aged 18 and over, further enhancing the value of membership.
This information is meant to be a general summary of Lubrizol Employees 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: $350,428
- Program Service Revenue: $1,605,087
- Gross Receipts: $1,955,515
Assets and Liabilities:
- Total Assets: $54,378,340
- Total Liabilities: $91,892
- Net Assets: $54,286,448
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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
$1,209,408
Fee Income
Revenue
$312,622
Other Operating Income
Revenue
$83,057
Organization Details
Founding Year
1953
Phone
(281) 479-6651Principal Officer
Rose Flores
Main Address
PO Box 158, Deer Park, TX, 77536
Website
www.lzecu.orgNTEE Category
Code: W60 - Public benefit
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