Overview
What is Federal Employees Credit Union?
The Federal Employees Credit Union is a member-owned cooperative, established to foster savings and lending practices among its members. As a nonprofit organization, its primary mission is to encourage thrift and provide borrowing opportunities. The credit union operates under the principle of thrift savings and borrowings, aiming to serve its member-owners effectively. The description in the information array mentions a specific program called Dividend Expense, though the details of this program are not provided. Regardless, it is clear that the Federal Employees Credit Union is dedicated to supporting its member-owners financially, promoting responsible savings habits and accessible borrowing options.
Is Federal Employees Credit Union legitimate?
Federal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Federal 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: $41,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,472
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What is the mission statement of Federal Employees Credit Union?
The Federal Employees Credit Union's mission is centered around promoting thrift savings and borrowing opportunities among its member-owned cooperative. This mission is carried out by encouraging financial prudence and offering suitable borrowing options to its member-owners. The credit union's activities include providing programs such as the Dividend Expense, which further bolsters its commitment to its members' financial well-being.
Who is the CEO of Federal Employees Credit Union?
Leigh Anne Jeans is the President of Federal Employees Credit Union.
What is the revenue of Federal Employees Credit Union?
Federal Employees Credit Union's revenue in 2022 was $138,435.
Who are the executives of Federal Employees Credit Union and what are their salaries?
The average compensation at Federal Employees Credit Union during 2022 was $32,736. There are 2 employees at Federal Employees Credit Union.
Here are 9 key members and their salaries:
- Compensation: $41,000
- Related: $0
- Other: $0
- Compensation: $24,472
- 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
Where can I find the form 990 for Federal Employees Credit Union?
Federal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Federal Employees Credit Union
The Federal Employees Credit Union, as a member-owned cooperative, is committed to encouraging thrift savings and borrowing among its members. Its mission is to promote financial well-being by offering opportunities for its members to save and borrow. The credit union achieves this objective through various programs, such as Dividend Expense. By doing so, the Federal Employees Credit Union empowers its members to manage their finances effectively and make prudent financial decisions.
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Impact
October, 2024
Federal Employees Credit Union plays a significant role in enhancing the financial well-being of its member owners in Texarkana, Texas. By providing a platform for thrift savings and borrowing, it promotes responsible financial practices and empowers its members to achieve their financial goals. Through programs such as Dividend Expense, members can benefit from favorable savings rates and borrowing options, effectively fostering a culture of saving and financial literacy.
The credit union's mission is centered around helping its members navigate their financial journeys, ensuring that they have access to the resources they need for personal and financial growth. This community-focused approach not only supports individual financial stability but also contributes to the overall economic health of the region. By prioritizing the needs of its members, Federal Employees Credit Union creates a positive impact that extends beyond mere financial transactions, making it an essential asset for the community it serves.
This information is meant to be a general summary of Federal 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: $25,574
- Program Service Revenue: $91,952
- Gross Receipts: $138,435
Assets and Liabilities:
- Total Assets: $3,640,182
- Total Liabilities: $6,905
- Net Assets: $3,633,277
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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
$91,952
Organization Details
Founding Year
1932
Phone
(903) 792-5433Principal Officer
Leigh Anne Jeans
Main Address
PO Box 433, Texarkana, TX, 755040433
NTEE Category
Code: W60 - Public benefit
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