Overview
What is Coburn Credit Union?
Coburn Credit Union is a locally-rooted, cooperative financial institution, based in Beaumont, Texas. Established under the Texas Credit Union Act, its primary objective is to foster savings among its members and offer affordable credit. With a mission to promote thrift and serve as a borrowing platform, Coburn Credit Union provides Savings Accounts and Lending services. The credit union, with a small workforce of one dedicated individual, operates as a non-profit organization, committed to improving its members' financial well-being.
Official website here: www.coburncu.com
Is Coburn Credit Union legitimate?
Coburn Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Coburn 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: $32,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.coburncu.com
What is the mission statement of Coburn Credit Union?
Coburn Credit Union, as a voluntary and cooperative financial institution, is dedicated to promoting savings among its members. Its mission is to serve as a platform for borrowing, offering credit at fair and reasonable interest rates. The credit union aims to help its members improve their economic condition by providing these financial services. In essence, Coburn Credit Union's mission is to foster financial well-being among its members through savings and accessible lending options.
Official website here: www.coburncu.com
Who is the CEO of Coburn Credit Union?
Debra Norman is the Manager Ceo of Coburn Credit Union. The CEO's salary of Coburn Credit Union is $32,404 and their total compensation is $32,404.
Official website here: www.coburncu.com
What is the revenue of Coburn Credit Union?
Coburn Credit Union's revenue in 2022 was $220,750.
Official website here: www.coburncu.com
Who are the executives of Coburn Credit Union and what are their salaries?
The average compensation at Coburn Credit Union during 2022 was $32,404. There is 1 employee and 6 volunteers at Coburn Credit Union.
Here are 7 key members and their salaries (Coburn Credit Union's CEO's salary is $32,404 and their total compensation is $32,404):
- Compensation: $32,404
- 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.coburncu.com
Where can I find the form 990 for Coburn Credit Union?
Coburn Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coburncu.com
Learn more at the official website: www.coburncu.com
Mission Statement of Coburn Credit Union
Coburn Credit Union, as a voluntary and cooperative non-profit institution, is dedicated to promoting savings among its members. Its primary mission is to serve as a platform for borrowing, providing credit to its members at reasonable interest rates. The organization's goal is to help its members improve their economic condition, ensuring they have the opportunity to manage their finances effectively. By encouraging savings and offering accessible credit, Coburn Credit Union aims to contribute positively to the financial well-being of its members.
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Impact
October, 2024
Coburn Credit Union plays a significant role in enhancing the financial well-being of its community in Beaumont, Texas. By offering savings accounts and lending services, Coburn encourages individuals to save and manage their finances effectively, fostering a culture of thrift among members.
As a cooperative institution, Coburn operates with the goal of providing fair and reasonable loan rates, making essential financial services accessible to its members. This supportive framework not only helps individuals secure the funding they need but also promotes overall economic improvement within the community. By focusing on the needs of its members, Coburn Credit Union contributes to a more stable and prosperous economic environment, ensuring members have the tools and resources to achieve their financial goals. Through its commitment to mutual assistance, Coburn creates a lasting public benefit, reinforcing the importance of community and collaboration in financial health.
This information is meant to be a general summary of Coburn 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: $38,580
- Program Service Revenue: $165,564
- Gross Receipts: $220,750
Assets and Liabilities:
- Total Assets: $7,576,649
- Total Liabilities: $6,162,010
- Net Assets: $1,414,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$159,317
Fee Income
Revenue
$6,247
Organization Details
Founding Year
2014
Phone
(409) 838-9957Principal Officer
Debra Norman
Main Address
350 Pine St Suite 850, Beaumont, TX, 77701
Website
www.coburncu.comNTEE Category
Code: W60 - Public benefit
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