Capitol Credit Union

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

EIN: 746054885 ✦ Austin, TX ✦ Designated as a 501(c)(14)

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Overview

What is Capitol Credit Union?

Capitol Credit Union is a member-owned cooperative financial institution, based in Austin, Texas. With a focus on promoting thrift and offering financial services, the union provides secure and unsecured loans for various consumer items, such as automobiles, boats, motorcycles, RVs, home equity loans and lines of credit, signature loans and lines of credit, and share or share certificates. Their mission is to offer these services at the best possible rates, ensuring a personalized and professional experience for their members. Capitol Credit Union boasts a team of 57 dedicated individuals, providing convenience through a wide range of quality financial products.


Official website here: www.ccutx.org

Is Capitol Credit Union legitimate?

Capitol Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Capitol 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: $3,261,897

For more financial information, click here


Official website here: www.ccutx.org

What is the mission statement of Capitol Credit Union?

Capitol Credit Union serves as a cooperative financial institution, primarily for its members. Its mission is to promote thrift and provide credit, along with various financial services, at competitive rates. This is achieved in a professional and personalized manner. The union offers a diverse range of loans, including secured and unsecured options, for consumer goods such as vehicles, boats, motorcycles, RVs, home equity loans, and lines of credit. Additionally, Capitol Credit Union provides signature loans and lines of credit, as well as share or share certificate loans. The primary aim of this financial institution is to cater to the financial needs of its members in the best possible way.


Official website here: www.ccutx.org

Who is the CEO of Capitol Credit Union?

Brennan Daniels is the Vice Chair of Capitol Credit Union. The CEO's salary of Capitol Credit Union is $161,558 and their total compensation is $161,558.


Official website here: www.ccutx.org

What is the revenue of Capitol Credit Union?

Capitol Credit Union's revenue in 2022 was $9,538,813.


Official website here: www.ccutx.org

Who are the executives of Capitol Credit Union and what are their salaries?

The average compensation at Capitol Credit Union during 2022 was $57,226. There are 57 employees and 11 volunteers at Capitol Credit Union.


Here are 15 key members and their salaries (Capitol Credit Union's CEO's salary is $161,558 and their total compensation is $161,558):


Jaime Lynn (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Jones (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Warner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karim Hirani (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beckki Lammert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Hamilton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Maldonado (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Hrin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Parrish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pierre Cardenas (Ceo)
  • Compensation: $161,558
  • Related: $0
  • Other: $0
Lisa Malesky (Coo)
  • Compensation: $63,957
  • Related: $0
  • Other: $469
Brennan Daniels (Cfo)
  • Compensation: $66,248
  • Related: $0
  • Other: $0
Paul Garcia (Cio)
  • Compensation: $62,887
  • Related: $0
  • Other: $4,992


Official website here: www.ccutx.org

Where can I find the form 990 for Capitol Credit Union?

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


Official website here: www.ccutx.org

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

Mission Statement of Capitol Credit Union

Capitol Credit Union, being a cooperative financial institution, is driven by its members' ownership and control. Its mission is to promote thrift and extend credit, along with various financial services, to its members. Essentially, Capitol Credit Union exists to provide its members with a range of high-quality, affordable financial products and services, ensuring a personalized and professional experience. The organization offers a diverse array of loan options, including secured and unsecured loans for consumable items such as automobiles, boats, motorcycles, RVs, home equity loans and lines of credit, signature loans and lines of credit, and share or share certificates. This comprehensive range of financial solutions enables its members to meet their financial needs effectively.

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Impact




October, 2024

Capitol Credit Union significantly enhances the financial well-being of its members by providing a diverse range of quality financial services and products tailored to meet their needs. With a focus on convenience, the credit union offers competitive rates on various secured and unsecured loans, including options for automobiles, boats, motorcycles, RVs, home equity, and signature loans.

By prioritizing personalized service, Capitol Credit Union fosters a supportive environment that promotes responsible financial management and empowers members to achieve their financial goals. The cooperative model ensures that the institution is member-driven, giving individuals a voice in their financial services and maintaining a commitment to promoting thrift within the community. Operating from Austin, TX, the credit union embodies a community-oriented approach that underscores its focus on public benefit and member satisfaction. Through its efforts, Capitol Credit Union plays a crucial role in the economic stability and growth of its members, encouraging financial literacy and engagement within the local community.




This information is meant to be a general summary of Capitol 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
$9,538,813 (2022)
Expenses
$7,861,224 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $503,283
  • Program Service Revenue: $8,579,432
  • Gross Receipts: $9,538,813

Assets and Liabilities:

  • Total Assets: $213,093,379
  • Total Liabilities: $190,274,566
  • Net Assets: $22,818,813

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$6,236,780

OTHER OPERATING INCOME

Revenue

$1,390,256

FEE INCOME

Revenue

$952,396

Organization Details

Founding Year

1954

Principal Officer

Brennan Daniels

Main Address

PO BOX 81647, AUSTIN, TX, 78708

NTEE Category

Code: W60 - Public benefit

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