Overview
What is Postel Family Credit Union?
Postel Family Credit Union is a not-for-profit financial cooperative, headquartered at 1300 Broad Street, Wichita Falls, Texas 76301. With a membership of over 5,800, it operates as an inclusive financial institution that prioritizes the well-being of its members. Postel Family Credit Union's offerings encompass various financial services, such as Share Accounts that provide dividends on a monthly basis, Checking Accounts for convenient daily transactions, Consumer Loans for personal financial needs, and Real Estate Loans for home-related aspirations. The credit union is regulated by both the State of Texas Credit Union Department and the National Credit Union Administration, ensuring a secure and reliable financial environment for its members. Additionally, Postel Family Credit Union encourages savings habits in children and teenagers with specialized savings accounts.
Official website here: www.postelcu.com
What do the Facebook reviews say about Postel Family Credit Union?
88% of 39 reviewers on Facebook recommend Postel Family Credit Union. Here is a summary of their reviews:
Many members express satisfaction with the friendly and helpful nature of the staff, indicating a welcoming environment that makes them feel like part of a family. The overall sentiment suggests that joining Postel Family Credit Union is viewed positively, with members appreciating the support and services provided.
The sense of community and personalized service appears to be a strong draw for many, reinforcing the value of being part of this credit union. Overall, the positive testimonials reflect a commitment to member satisfaction and a supportive atmosphere.
This AI summary has been generated from reviews found on Facebook.
Is Postel Family Credit Union legitimate?
Postel Family Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Postel Family 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: $348,794
Professional Fundraising Fees: $0
Other Salaries and Wages: $793,856
For more financial information, click here
Official website here: www.postelcu.com
What is the mission statement of Postel Family Credit Union?
Postel Family Credit Union serves as a not-for-profit financial cooperative, providing various financial services to its members. Its primary areas of activity include Share Accounts, Checking Accounts, Consumer Loans, and Real Estate Loans, all regulated by both the State of Texas Credit Union Department and the National Credit Union Administration. The credit union's mission, in essence, is to offer its members checking and savings accounts, along with loan and certificate of deposit services, aiming to foster financial growth within its member community. By offering monthly dividends on savings accounts and special savings accounts for children and teenagers, the credit union encourages responsible financial practices and savings habits among its members.
Official website here: www.postelcu.com
Who is the CEO of Postel Family Credit Union?
Rick Hanson is the President/Ceo of Postel Family Credit Union. The CEO's salary of Postel Family Credit Union is $105,981 and their total compensation is $105,981.
Official website here: www.postelcu.com
What is the revenue of Postel Family Credit Union?
Postel Family Credit Union's revenue in 2022 was $3,582,610.
Official website here: www.postelcu.com
Who are the executives of Postel Family Credit Union and what are their salaries?
The average compensation at Postel Family Credit Union during 2022 was $39,402. There are 29 employees and 7 volunteers at Postel Family Credit Union.
Here are 10 key members and their salaries (Postel Family Credit Union's CEO's salary is $105,981 and their total compensation is $105,981):
- Compensation: $105,981
- Related: $0
- Other: $0
- Compensation: $92,817
- Related: $0
- Other: $0
- Compensation: $75,540
- Related: $0
- Other: $0
- Compensation: $74,456
- 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
Official website here: www.postelcu.com
Where can I find the form 990 for Postel Family Credit Union?
Postel Family Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.postelcu.com
Learn more at the official website: www.postelcu.com
Mission Statement of Postel Family Credit Union
Postel Family Credit Union, a not-for-profit financial cooperative, serves as a provider of credit union financial services. Its mission is to cater to its members, offering a variety of financial products and services. The credit union specializes in Share Accounts, where members can save and earn dividends monthly. These savings accounts are accessible through various channels, including the branch network, online banking, mobile devices, and ATMs worldwide. Postel Family Credit Union also offers Checking Accounts, providing members with convenient and secure ways to manage their daily expenses.
In addition to these, the credit union extends its services to Consumer Loans and Real Estate Loans. These loans can assist members in meeting their financial needs, such as purchasing a home or making necessary improvements. By being a member of Postel Family Credit Union, individuals can take advantage of these financial services, ensuring they have the necessary tools to manage their finances effectively. The credit union is regulated by both the State of Texas Credit Union Department and the National Credit Union Administration, ensuring its members' funds are protected.
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Impact
October, 2024
Postel Family Credit Union significantly impacts its community by providing essential financial services tailored to the needs of its members. With 5,827 member-owned accounts as of December 31, 2022, it promotes financial stability and encourages savings through accessible share accounts that pay monthly dividends.
The credit union fosters financial responsibility among younger members by offering special savings accounts designed for children and teenagers, thus encouraging the development of consistent savings habits from an early age.
By offering a range of services, including checking accounts, consumer loans, and real estate loans, Postel Family Credit Union helps members manage their finances, secure loans for significant purchases, and participate in their local economy. Its commitment to providing accessible financial products not only enhances the financial well-being of its members but also contributes to the overall economic health of the Wichita Falls community in Texas. Through its regulated and member-focused approach, Postel Family Credit Union serves as a vital resource for individuals and families seeking to improve and stabilize their financial futures.
This information is meant to be a general summary of Postel Family 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: $364,997
- Program Service Revenue: $2,558,089
- Gross Receipts: $3,582,610
Assets and Liabilities:
- Total Assets: $75,778,596
- Total Liabilities: $68,010,804
- Net Assets: $7,767,792
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest from Loans
Revenue
$2,008,273
Member Fees & Charges
Revenue
$515,492
Loan Fee Income
Revenue
$34,324
Organization Details
Founding Year
1929
Phone
(940) 761-8600Principal Officer
Rick Hanson
Main Address
1300 Broad Street, Wichita Falls, TX, 76301
Website
www.postelcu.comNTEE Category
Code: W60 - Public benefit
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