Datcu

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

EIN: 750813379 ✦ Corinth, TX ✦ Designated as a 501(c)(14)

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Overview

What is Datcu?

Datcu is a credit union based in Corinth, Texas, with the address 5940 I35E. They are dedicated to providing their members with a diverse range of competitively priced and efficiently delivered financial services. Their mission is to cater to the financial needs of their members, offering a wide selection of loans. The organization employs 273 individuals.


Official website here: www.datcu.org

Is Datcu legitimate?

Datcu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Datcu 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: $3,982,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,521,769

For more financial information, click here


Official website here: www.datcu.org

What is the mission statement of Datcu?

Datcu is committed to offering its membership a diverse selection of competitively priced and expeditiously delivered services. The mission of Datcu is to provide an extensive range of services that cater to the financial needs of its members effectively. The organization extends loans of various kinds to its members.


Official website here: www.datcu.org

Who is the CEO of Datcu?

Glen Mckenzie is the Director of Datcu. The CEO's salary of Datcu is $1,355,098 and their total compensation is $1,411,607.


Official website here: www.datcu.org

What is the revenue of Datcu?

Datcu's revenue in 2022 was $70,387,635.


Official website here: www.datcu.org

Who are the executives of Datcu and what are their salaries?

The average compensation at Datcu during 2022 was $64,118. There are 273 employees and 8 volunteers at Datcu.


Here are 17 key members and their salaries (Datcu's CEO's salary is $1,355,098 and their total compensation is $1,411,607):


Valarie Foster (Director)
  • Compensation: $1,817
  • Related: $0
  • Other: $0
Dr Ronald Aldridge (Chair)
  • Compensation: $1,258
  • Related: $0
  • Other: $0
Dr Jamie Wilson (Vice Chair)
  • Compensation: $1,940
  • Related: $0
  • Other: $0
Michael Foster (Director)
  • Compensation: $1,890
  • Related: $0
  • Other: $0
Robert Ramirez (Director)
  • Compensation: $974
  • Related: $0
  • Other: $0
Lee Howell (Secretary)
  • Compensation: $1,940
  • Related: $0
  • Other: $0
Gary Goldsmith (Director)
  • Compensation: $2,095
  • Related: $0
  • Other: $0
Glen Mckenzie (President/Ceo)
  • Compensation: $1,355,098
  • Related: $0
  • Other: $56,509
Melanie Vest (Evp, Cfo)
  • Compensation: $789,838
  • Related: $0
  • Other: $66,263
Jon Madsen (Evp, Coo)
  • Compensation: $649,697
  • Related: $0
  • Other: $63,564
James Henderson (Evp, Cio)
  • Compensation: $577,595
  • Related: $0
  • Other: $65,794
Robert Hall (Vp Of Information Systems)
  • Compensation: $308,979
  • Related: $0
  • Other: $37,207
Janice Sheppard (Senior Vp - Real Estate)
  • Compensation: $249,298
  • Related: $0
  • Other: $32,050
Craig Neu (Vp Of Lending)
  • Compensation: $238,624
  • Related: $0
  • Other: $57,265
Susan Passariello (Vp Of Marketing)
  • Compensation: $182,985
  • Related: $0
  • Other: $64,799
David Frazier (Vp Controller)
  • Compensation: $209,977
  • Related: $0
  • Other: $55,046
Sonya Thompson (Vp Product Development)
  • Compensation: $220,080
  • Related: $0
  • Other: $32,299


Official website here: www.datcu.org

Where can I find the form 990 for Datcu?

Datcu's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.datcu.org

Learn more at the official website: www.datcu.org

Mission Statement of Datcu

Datcu, a mission-driven organization, strives to cater to its members by offering an extensive selection of competitively priced and swiftly delivered services. The primary objective of Datcu is to fulfill the financial requirements of its membership with efficiency and affordability. The credit union extends loans of various types to its members, ensuring they have access to the financial resources they need. By prioritizing affordability and efficiency, Datcu aims to make a positive impact on the lives of its members. Through its wide range of services, Datcu positions itself as a reliable financial partner for its members in their time of need.

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Impact




October, 2024

Datcu significantly enhances the financial well-being of its members by offering a broad spectrum of competitively priced services. With a mission centered on delivering efficient financial solutions, Datcu provides loans of all types to meet diverse member needs. This commitment to accessible financial services helps empower the community in Corinth, TX, ensuring that individuals have the support necessary to achieve their financial goals. By focusing on member satisfaction and affordability, Datcu plays a vital role in promoting economic stability and opportunity within the community.




This information is meant to be a general summary of Datcu. 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
$70,387,635 (2022)
Expenses
$41,914,895 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,185,633
  • Program Service Revenue: $68,130,002
  • Gross Receipts: $70,387,635

Assets and Liabilities:

  • Total Assets: $1,575,386,776
  • Total Liabilities: $1,350,925,607
  • Net Assets: $224,461,169

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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

$51,343,964

OTHER OPERATIONS

Revenue

$12,353,762

FEE INCOME

Revenue

$4,432,276

Organization Details

Founding Year

1936

Principal Officer

Glen Mckenzie

Main Address

5940 I35E, CORINTH, TX, 76210

NTEE Category

Code: W60 - Public benefit

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