Overview
What is Spco Credit Union?
Spco Credit Union, located in Houston, Texas, is a financial institution that prioritizes its members' financial well-being. With a commitment to competitiveness, they provide various loan products. Their mission, as a trusted partner, is to be an integral part of each member's financial journey. They employ a team of 11 individuals, working diligently towards this goal.
Is Spco Credit Union legitimate?
Spco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Spco 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: $138,017
Professional Fundraising Fees: $0
Other Salaries and Wages: $500,786
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What is the mission statement of Spco Credit Union?
Spco Credit Union's mission is centered around being a reliable ally in each member's financial journey. By employing this mission, the credit union aims to provide its members with various loan options at competitive rates. This commitment to its members underscores Spco Credit Union's dedication to fostering financial stability and security for its community. The credit union serves as a trusted advisor, offering financial guidance and solutions tailored to each member's unique needs.
Who is the CEO of Spco Credit Union?
Tim Adams is the Board Chair of Spco Credit Union. The CEO's salary of Spco Credit Union is $138,017 and their total compensation is $138,017.
What is the revenue of Spco Credit Union?
Spco Credit Union's revenue in 2022 was $2,308,507.
Who are the executives of Spco Credit Union and what are their salaries?
The average compensation at Spco Credit Union during 2022 was $58,073. There are 11 employees at Spco Credit Union.
Here are 7 key members and their salaries (Spco Credit Union's CEO's salary is $138,017 and their total compensation is $138,017):
- 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: $138,017
- Related: $0
- Other: $0
Where can I find the form 990 for Spco Credit Union?
Spco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spco Credit Union
Spco Credit Union, as a financial institution, is dedicated to serving its members by assuming the role of a trustworthy partner in their financial journeys. The organization's mission revolves around providing a wide array of loan services at competitive rates. By adhering to this mission, Spco Credit Union aims to foster a strong and reliable relationship with each of its members, instilling a sense of confidence in their financial dealings.
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Impact
October, 2024
Spco Credit Union plays a significant role in the financial well-being of its members in Houston, Texas. By offering a variety of loan products at competitive rates, it empowers individuals and families to achieve their financial goals. The credit union's commitment to being a trusted partner in each member's financial life fosters a supportive environment where personal financial needs are prioritized. This focus on member engagement not only enhances personal finance management but also contributes to the overall economic stability of the community. Through its services, Spco Credit Union directly impacts the lives of its members by providing accessible financial solutions and promoting financial literacy.
This information is meant to be a general summary of Spco 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: $46,782
- Program Service Revenue: $2,069,690
- Gross Receipts: $2,308,507
Assets and Liabilities:
- Total Assets: $40,323,853
- Total Liabilities: $36,488,004
- Net Assets: $3,835,849
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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
$1,791,105
Fees and Charges
Revenue
$97,152
Other Income
Revenue
$181,433
Organization Details
Founding Year
1968
Phone
(713) 455-8586Principal Officer
Tim Adams
Main Address
12755 N Houston Rosslyn Rd, Houston, TX, 77086
NTEE Category
Code: W60 - Public benefit
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