Overview
What is Concho Valley Credit Union?
Concho Valley Credit Union is a cooperative financial institution located in San Angelo, Texas, specifically at 1002 S ABE, ZIP code 76903. With a mission to serve the surrounding community, it provides credit union financial services to 1492 entities. The credit union boasts 1423 member-owner accounts as of December 31, 2022. It offers advantageous share accounts to members of all ages, including quarterly dividends for savings accounts and internet or telephone access to home banking. The credit union also encourages savings habits in children through specialized savings accounts. As a cooperative, it employs a team of 9 individuals.
Official website here: www.conchovalleycu.com
Is Concho Valley Credit Union legitimate?
Concho Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Concho Valley 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: $167,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,655
For more financial information, click here
Official website here: www.conchovalleycu.com
What is the mission statement of Concho Valley Credit Union?
Concho Valley Credit Union serves as a cooperative provider of financial services to a total of 1492 entities in the surrounding area. Their mission is centered around offering credit union financial services, with a focus on member-owned accounts. The credit union's share accounts provide benefits to members of all ages, offering quarterly dividends and access to home banking via the internet or telephone. Special savings accounts, specifically designed for children, are also available to encourage the development of consistent savings habits.
Official website here: www.conchovalleycu.com
Who is the CEO of Concho Valley Credit Union?
Cindy Baker is the Vice President of Concho Valley Credit Union. The CEO's salary of Concho Valley Credit Union is $81,307 and their total compensation is $85,854.
Official website here: www.conchovalleycu.com
What is the revenue of Concho Valley Credit Union?
Concho Valley Credit Union's revenue in 2022 was $732,268.
Official website here: www.conchovalleycu.com
Who are the executives of Concho Valley Credit Union and what are their salaries?
The average compensation at Concho Valley Credit Union during 2022 was $31,686. There are 9 employees at Concho Valley Credit Union.
Here are 11 key members and their salaries (Concho Valley Credit Union's CEO's salary is $81,307 and their total compensation is $85,854):
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- Compensation: $81,307
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- Other: $4,547
- Compensation: $65,344
- Related: $0
- Other: $16,321
Official website here: www.conchovalleycu.com
Where can I find the form 990 for Concho Valley Credit Union?
Concho Valley Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.conchovalleycu.com
Learn more at the official website: www.conchovalleycu.com
Mission Statement of Concho Valley Credit Union
Concho Valley Credit Union, as a cooperative, is dedicated to providing financial services to a substantial number of entities in its surrounding area. In essence, it functions as a collective financial institution, serving 1492 entities. The mission of Concho Valley Credit Union is multifaceted, encompassing the provision of share accounts that offer various advantages to its members. These accounts, which numbered 1423 on December 31, 2022, include member savings accounts that pay dividends quarterly and offer online or telephone banking access. Furthermore, the credit union has special savings accounts tailored for children, aiming to foster consistent savings habits in the younger generation.
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Impact
October, 2024
Concho Valley Credit Union plays a vital role in the financial landscape of San Angelo, Texas, and its surrounding areas by providing essential credit union financial services to 1,492 entities. The credit union facilitates financial empowerment and stability through a range of offerings, including share accounts designed for all ages. As of December 31, 2022, it hosted 1,423 member-owner accounts, showcasing strong community engagement and trust.
Members benefit from quarterly dividends on their savings accounts, promoting a culture of saving and financial growth. The institution also prioritizes accessibility, allowing members to manage their accounts through convenient home banking options via the internet or telephone.
Additionally, Concho Valley Credit Union fosters financial literacy and responsible saving habits among younger populations by offering special savings accounts for children. This initiative not only encourages consistent savings behavior from an early age but also sets the foundation for long-term financial health within the community. Overall, the credit union's impact is marked by its commitment to enhancing financial wellbeing and supporting local residents in their financial journeys.
This information is meant to be a general summary of Concho Valley 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: $119,158
- Program Service Revenue: $557,675
- Gross Receipts: $756,134
Assets and Liabilities:
- Total Assets: $24,584,977
- Total Liabilities: $123,262
- Net Assets: $24,461,715
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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
$449,382
MEMBER FEES AND CHARGE
Revenue
$108,293
Organization Details
Founding Year
1928
Phone
(325) 658-7557Principal Officer
Cindy Baker
Main Address
1002 S ABE, SAN ANGELO, TX, 76903
Website
www.conchovalleycu.comNTEE Category
Code: W60 - Public benefit
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