Overview
What is Southwest 66 Credit Union?
Southwest 66 Credit Union is a cooperative financial institution situated in Odessa, Texas. With a PO Box address at 12010, this credit union offers various financial services to its members, including savings accounts, checking accounts, and consumer loans. As a credit union, it operates on a member-owned and member-controlled basis, aiming to provide affordable and accessible financial solutions to its members. The credit union employs a team of 64 individuals to ensure its operations run smoothly and effectively.
Official website here: www.southwest66.com
Is Southwest 66 Credit Union legitimate?
Southwest 66 Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southwest 66 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: $621,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,491,502
For more financial information, click here
Official website here: www.southwest66.com
What is the mission statement of Southwest 66 Credit Union?
Southwest 66 Credit Union serves as a cooperative entity, offering various credit union services such as savings accounts, checking accounts, and consumer loans. Their mission, in essence, is to provide these financial services to its members. The credit union operates on a cooperative model, where members share their funds to offer these financial services to one another. Notably, member share accounts in this credit union pay dividends quarterly.
Official website here: www.southwest66.com
Who is the CEO of Southwest 66 Credit Union?
Elizabeth Newman is the CEO of Southwest 66 Credit Union The CEO's salary of Southwest 66 Credit Union is $181,500 and their total compensation is $192,295.
Official website here: www.southwest66.com
What is the revenue of Southwest 66 Credit Union?
Southwest 66 Credit Union's revenue in 2023 was $6,164,860.
Official website here: www.southwest66.com
Who are the executives of Southwest 66 Credit Union and what are their salaries?
The average compensation at Southwest 66 Credit Union during 2023 was $40,635. There are 52 employees at Southwest 66 Credit Union.
Here are 12 key members and their salaries (Southwest 66 Credit Union's CEO's salary is $181,500 and their total compensation is $192,295):
- Compensation: $181,500
- Related: $0
- Other: $10,795
- Compensation: $127,193
- Related: $0
- Other: $13,545
- Compensation: $126,249
- Related: $0
- Other: $13,558
- Compensation: $91,432
- Related: $0
- Other: $11,698
- Compensation: $72,389
- Related: $0
- Other: $10,577
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $2,450
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
Official website here: www.southwest66.com
Where can I find the form 990 for Southwest 66 Credit Union?
Southwest 66 Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southwest66.com
Learn more at the official website: www.southwest66.com
Mission Statement of Southwest 66 Credit Union
Southwest 66 Credit Union, as a cooperative entity, is dedicated to providing various credit union services. Their mission encompasses offering savings accounts, checking accounts, and consumer loans to its members. In simpler terms, Southwest 66 Credit Union serves as a reliable provider of financial services, aiming to assist its members in managing their finances effectively. Notably, they distribute dividends to their members quarterly, demonstrating their commitment to their members' financial well-being.
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Impact
October, 2024
Southwest 66 Credit Union serves as a crucial financial resource in Odessa, TX, offering a range of cooperative services including savings accounts, checking accounts, and consumer loans. With a mission centered around community support, the credit union provides member share accounts that pay dividends quarterly, enhancing financial stability for its members. This approach not only fosters a sense of community but also encourages savings and financial responsibility among its members. By focusing on accessible and reliable financial services, Southwest 66 Credit Union plays a significant role in promoting economic growth and enhancing the quality of life for individuals and families in the area.
This information is meant to be a general summary of Southwest 66 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 2023.
- Investment Income: $713,313
- Program Service Revenue: $5,184,553
- Gross Receipts: $6,164,860
Assets and Liabilities:
- Total Assets: $100,245,342
- Total Liabilities: $90,542,197
- Net Assets: $9,703,145
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$3,818,388
FEES AND CHARGES
Revenue
$1,366,165
Organization Details
Founding Year
1949
Principal Officer
Elizabeth Newman
Website
www.southwest66.comNTEE Category
Code: W60 - Public benefit
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