Overview
What is Witco Houston Employees Cr Union?
Witco Houston Employees Credit Union, or WHECU, is a nonprofit organization situated in Rosenberg, Texas. Its primary focus is on offering consumer loans, secured by personal property such as vehicles, boats, RVs, and other titled items. Additionally, WHECU provides unsecured loans with a maximum limit of $3,000. The unique selling point of this credit union is its commitment to offering competitive interest rates on both savings accounts and unsecured loans, as well as loans secured by titled property, particularly automobiles and motorcycles, to its limited membership.
Is Witco Houston Employees Cr Union legitimate?
Witco Houston Employees Cr Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Witco Houston Employees Cr 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Witco Houston Employees Cr Union?
The Witco Houston Employees Credit Union's mission is centered around offering its members competitive advantages. It aims to provide above-average interest rates on savings accounts and the most competitive interest rates on unsecured loans and loans secured by personal property, primarily automobiles and motorcycles. This credit union primarily focuses on consumer loans secured by titled property such as vehicles, boats, RVs, and other personal assets, along with unsecured loans with a limit of $3,000. Unfortunately, the information does not provide details about commercial or real estate loans.
Who is the CEO of Witco Houston Employees Cr Union?
John Herne is the Director of Witco Houston Employees Cr Union.
What is the revenue of Witco Houston Employees Cr Union?
Witco Houston Employees Cr Union's revenue in 2022 was $19,904.
Who are the executives of Witco Houston Employees Cr Union and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Witco Houston Employees Cr Union?
Witco Houston Employees Cr Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Witco Houston Employees Cr Union
Witco Houston Employees Credit Union (WHECU) is dedicated to serving its limited membership by offering competitive interest rates on both unsecured loans and loans secured by personal property, such as automobiles and motorcycles, with a title. The credit union's mission is to provide above-average returns on savings accounts to its members, while also offering the most competitive interest rates on loans secured by personal property. WHECU specializes in consumer loans that are secured by titled property, and the loans they offer are limited to a maximum of $3,000 for unsecured loans. The credit union does not provide commercial or real estate loans. WheCU aims to support its members financially by offering competitive loan rates and attractive savings account interest rates, thereby helping its members manage their finances effectively.
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Impact
October, 2024
Witco Houston Employees Cr Union (WHECU) significantly impacts its community by offering financial services tailored to the needs of its limited membership. By providing above-average interest rates on savings accounts, WHECU encourages members to save more effectively, helping them to build financial security.
Moreover, the credit union plays a vital role in facilitating access to credit through competitive interest rates on unsecured loans and loans secured by personal property, such as vehicles and motorcycles. This accessibility enables members to finance essential purchases and manage their personal finances more effectively.
WHECU’s focus on consumer loans—such as those for vehicles, boats, and RVs—complements its mission by empowering members to make significant investments without the burden of exorbitant interest rates. The absence of commercial or real estate loans helps maintain a specialized focus that benefits their membership base. Overall, WHECU enhances the economic well-being of its members, fostering financial stability and community growth in Rosenberg, TX.
This information is meant to be a general summary of Witco Houston Employees Cr 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: $6,556
- Program Service Revenue: $13,348
- Gross Receipts: $19,904
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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
$2,666
Miscellaneous
Revenue
$10,682
Organization Details
Founding Year
1975
Principal Officer
John Herne
Main Address
2519 Avenue H, Rosenberg, TX, 77471
NTEE Category
Code: W60 - Public benefit
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