Amarillo Postal Employees Credit Union

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

EIN: 750788782 ✦ Amarillo, TX ✦ Designated as a 501(c)(14)

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Overview

What is Amarillo Postal Employees Credit Union?

Amarillo Postal Employees Credit Union is a local nonprofit organization situated in Amarillo, Texas, specifically at 2400 Hobbs Road, 79109. Its primary function is to offer financial services to its members, providing them with savings, checking accounts, and loans at competitive rates. With a modest team of four employees, this credit union aims to cater to the financial needs of its member base effectively.

Is Amarillo Postal Employees Credit Union legitimate?

Amarillo Postal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Amarillo Postal 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: $66,270
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,620

For more financial information, click here

What is the mission statement of Amarillo Postal Employees Credit Union?

The Amarillo Postal Employees Credit Union's mission is centered around serving its members. Their primary objective is to offer competitive savings, checking accounts, and loan services to its members. The credit union's mission is to provide these financial services effectively, aiming to meet the financial needs of its members in an efficient manner. By offering these financial products, the Amarillo Postal Employees Credit Union aims to contribute positively to the financial well-being of its members.

Who is the CEO of Amarillo Postal Employees Credit Union?

Unavailable The CEO's salary of Amarillo Postal Employees Credit Union is $66,270 and their total compensation is $66,270.

What is the revenue of Amarillo Postal Employees Credit Union?

Amarillo Postal Employees Credit Union's revenue in 2022 was $615,018.

Who are the executives of Amarillo Postal Employees Credit Union and what are their salaries?

The average compensation at Amarillo Postal Employees Credit Union during 2022 was $56,472. There are 4 employees and 6 volunteers at Amarillo Postal Employees Credit Union.


Here are 6 key members and their salaries (Amarillo Postal Employees Credit Union's CEO's salary is $66,270 and their total compensation is $66,270):


Bill Widick (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Sellmyer (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lonnie Walker (Sect/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Cooper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Hawthorne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Lewter (Manager/Ceo)
  • Compensation: $66,270
  • Related: $0
  • Other: $0
Where can I find the form 990 for Amarillo Postal Employees Credit Union?

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

Mission Statement of Amarillo Postal Employees Credit Union

The Amarillo Postal Employees Credit Union is dedicated to serving its members by offering competitive rates on savings, checking accounts, and loans. This nonprofit organization's mission is to provide financial assistance and resources to its members, ensuring they have access to necessary financial tools. By offering these services, the credit union aims to support its members in managing their finances effectively and responsibly.

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Impact




October, 2024

Amarillo Postal Employees Credit Union plays a vital role in the financial well-being of its members by offering essential banking services such as savings accounts, checking accounts, and loans. Located in Amarillo, Texas, it focuses on providing these services at competitive rates, ensuring that members have access to affordable financial solutions. By catering specifically to the needs of its members, the credit union fosters a sense of community and supports the financial resilience of individuals and families. Its commitment to public benefit enhances the economic landscape of Amarillo, contributing to the overall prosperity of the area.




This information is meant to be a general summary of Amarillo Postal 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.

Revenue
$615,018 (2022)
Expenses
$642,073 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $169,389
  • Program Service Revenue: $371,631
  • Gross Receipts: $615,018

Assets and Liabilities:

  • Total Assets: $20,473,965
  • Total Liabilities: $150,831
  • Net Assets: $20,323,134

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Programs

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

Loan Interest

Revenue

$371,631

Organization Details

Founding Year

1931

Main Address

2400 Hobbs Road, Amarillo, TX, 79109

NTEE Category

Code: W60 - Public benefit

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