Overview
What is Fort Worth Community Credit Union?
Fort Worth Community Credit Union is a member-focused financial institution based in Texas. It operates under the regulation of both the state and the National Credit Union Administration. The credit union's mission is to encourage saving and lending among its members, providing them with share and checking accounts, loans, and convenience services. The credit union offers financial products and services primarily in four areas: share accounts, checking accounts, consumer loans, and real estate loans.
Official website here: www.ftwccu.org
What are the reviews and ratings of this charity?
Fort Worth Community Credit Union is not currently rated by Charity Navigator, primarily due to its classification as a non-501(c)(3) entity, which excludes it from the traditional nonprofit evaluation metrics. Charity Navigator evaluates organizations based on various criteria, including Accountability & Finance, but since this credit union doesn't fit the typical nonprofit mold, these evaluations aren't applicable.
While the absence of a rating does not reflect positively or negatively on the organization, it does highlight the need for potential donors or customers to seek information from alternative sources. This lack of evaluation accentuates the challenges in assessing non-traditional community organizations, which might serve vital roles outside the standard nonprofit sector.
No user reviews are available from GreatNonprofits, further limiting public insight into the community impact or internal functioning of Fort Worth Community Credit Union. Without these personal accounts, stakeholders must rely on direct engagement or reports from within the financial services sector to understand their effectiveness and community-oriented operations.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Worth Community Credit Union legitimate?
Fort Worth Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fort Worth Community 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: $3,546,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,337,700
For more financial information, click here
Official website here: www.ftwccu.org
What is the mission statement of Fort Worth Community Credit Union?
Fort Worth Community Credit Union is dedicated to encouraging members to save and borrow wisely. Through its diverse range of products and services, the credit union caters to four primary areas: share accounts, checking accounts, consumer loans, and real estate loans. Fort Worth Community Credit Union's mission is to facilitate financial growth for its members by offering them opportunities to save and access necessary funds through loans. The credit union's activities are overseen by both the State of Texas and the National Credit Union Administration. Its services aim to promote financial well-being and independence among members.
Official website here: www.ftwccu.org
Who is the CEO of Fort Worth Community Credit Union?
Diane Dorsey is the Board Member (Until 12/7/22) of Fort Worth Community Credit Union. The CEO's salary of Fort Worth Community Credit Union is $439,366 and their total compensation is $492,973.
Official website here: www.ftwccu.org
What is the revenue of Fort Worth Community Credit Union?
Fort Worth Community Credit Union's revenue in 2022 was $51,151,395.
Official website here: www.ftwccu.org
Who are the executives of Fort Worth Community Credit Union and what are their salaries?
The average compensation at Fort Worth Community Credit Union during 2022 was $57,517. There are 224 employees and 10 volunteers at Fort Worth Community Credit Union.
Here are 25 key members and their salaries (Fort Worth Community Credit Union's CEO's salary is $439,366 and their total compensation is $492,973):
- Compensation: $1,128
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $2,481
- Related: $0
- Other: $0
- Compensation: $2,847
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,952
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $439,366
- Related: $0
- Other: $53,607
- Compensation: $314,297
- Related: $0
- Other: $36,695
- Compensation: $288,496
- Related: $0
- Other: $29,934
- Compensation: $264,363
- Related: $0
- Other: $38,178
- Compensation: $205,207
- Related: $0
- Other: $26,917
- Compensation: $182,279
- Related: $0
- Other: $36,543
- Compensation: $189,575
- Related: $0
- Other: $35,567
- Compensation: $162,990
- Related: $0
- Other: $42,700
- Compensation: $150,543
- Related: $0
- Other: $32,244
- Compensation: $127,608
- Related: $0
- Other: $40,103
- Compensation: $269,858
- Related: $0
- Other: $50,965
- Compensation: $161,930
- Related: $0
- Other: $22,105
- Compensation: $122,657
- Related: $0
- Other: $30,209
- Compensation: $120,971
- Related: $0
- Other: $19,734
- Compensation: $128,161
- Related: $0
- Other: $9,011
Official website here: www.ftwccu.org
Where can I find the form 990 for Fort Worth Community Credit Union?
Fort Worth Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ftwccu.org
Learn more at the official website: www.ftwccu.org
Mission Statement of Fort Worth Community Credit Union
Fort Worth Community Credit Union, a member-focused financial institution, is dedicated to the promotion of thrift savings and borrowing. Through its diverse range of offerings, the credit union caters to the financial needs of its members in four primary areas: share accounts, checking accounts, consumer loans, and real estate loans.
By encouraging members to save, Fort Worth Community Credit Union empowers them to build a financial foundation for their future. Share accounts serve as a savings tool, enabling members to accumulate funds over time and earn dividends on their savings. The credit union's checking accounts offer added convenience and flexibility, allowing members to manage their day-to-day transactions efficiently.
In recognition of the diverse financial needs of its members, Fort Worth Community Credit Union offers various loan options. Consumer loans cater to personal expenses, providing members with the means to cover unexpected expenses or make large purchases. Real estate loans enable members to invest in property, providing them with stability and long-term financial benefits.
Fort Worth Community Credit Union's mission extends beyond traditional financial services. By being regulated by both the State of Texas and the National Credit Union Administration, the credit union ensures a secure and reliable financial environment for its members. The credit union's commitment to its members' financial well-being is evident in its wide range of offerings and its dedication to promoting thrift savings and borrowing.
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Impact
October, 2024
Fort Worth Community Credit Union plays a vital role in promoting financial stability and empowerment within the community. By providing a range of financial products and services, including share accounts, checking accounts, consumer loans, and real estate loans, the credit union fosters thrift savings and borrowing among its members. This support helps individuals and families manage their finances effectively and achieve their financial goals.
Regulated by the State of Texas Credit Union Department and the National Credit Union Administration, the credit union ensures a secure and trustworthy banking environment. Its focus on member-centric services enhances access to essential financial resources, contributing to the overall economic health of the Bedford community and surrounding areas.
Through these efforts, Fort Worth Community Credit Union not only addresses individual financial needs but also supports a broader public benefit, creating avenues for financial education and community growth.
This information is meant to be a general summary of Fort Worth Community 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: $4,837,049
- Program Service Revenue: $46,168,919
- Gross Receipts: $53,209,206
Assets and Liabilities:
- Total Assets: $1,225,093,160
- Total Liabilities: $1,116,571,285
- Net Assets: $108,521,875
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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
$32,863,805
LOAN FEE INCOME
Revenue
$10,333,691
MEMBER FEES & CHARGES
Revenue
$2,971,423
Organization Details
Founding Year
1940
Phone
(817) 835-5000Principal Officer
Diane Dorsey
Main Address
PO BOX 210848, BEDFORD, TX, 76095
Website
www.ftwccu.orgNTEE Category
Code: W60 - Public benefit
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