Overview
What is Southwest Heritage Credit Union?
Southwest Heritage Credit Union, located in Odessa, Texas, serves as a cooperative provider of credit union services. With a team of 85 dedicated individuals, they offer a range of financial solutions including savings accounts, checking accounts, and consumer loans. Their primary activity revolves around offering these credit union services, which are integral to their mission. The credit union is known for paying dividends quarterly to its members, ensuring financial growth and stability for its community.
Official website here: www.swhcu.com
Is Southwest Heritage Credit Union legitimate?
Southwest Heritage Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southwest Heritage 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: $343,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,392,729
For more financial information, click here
Official website here: www.swhcu.com
What is the mission statement of Southwest Heritage Credit Union?
Southwest Heritage Credit Union serves as a cooperative provider of credit union services, offering savings accounts, checking accounts, and consumer loans to its members. Its mission, as stated, is to provide these financial services. The credit union pays dividends quarterly on share accounts, which are member-owned savings. In essence, Southwest Heritage Credit Union aims to facilitate financial well-being for its members through its credit union services. It should be noted that the mission statement, as provided, is quite straightforward and focused primarily on the services offered, without elaborating on any broader social or community objectives.
Official website here: www.swhcu.com
Who is the CEO of Southwest Heritage Credit Union?
Charles Coon is the Treasurer of Southwest Heritage Credit Union.
Official website here: www.swhcu.com
What is the revenue of Southwest Heritage Credit Union?
Southwest Heritage Credit Union's revenue in 2022 was $11,453,066.
Official website here: www.swhcu.com
Who are the executives of Southwest Heritage Credit Union and what are their salaries?
The average compensation at Southwest Heritage Credit Union during 2022 was $43,960. There are 85 employees at Southwest Heritage Credit Union.
Here are 13 key members and their salaries:
- Compensation: $279,533
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $7,400
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $5,200
- Related: $0
- Other: $0
- Compensation: $4,350
- Related: $0
- Other: $0
- Compensation: $4,200
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,450
- Related: $0
- Other: $0
Official website here: www.swhcu.com
Where can I find the form 990 for Southwest Heritage Credit Union?
Southwest Heritage Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swhcu.com
Learn more at the official website: www.swhcu.com
Mission Statement of Southwest Heritage Credit Union
Southwest Heritage Credit Union, as a cooperative entity, is dedicated to providing a range of credit union services. This includes offering savings accounts, checking accounts, and consumer loans to its members. The mission of Southwest Heritage Credit Union is to serve its members in a cooperative manner, ensuring they have access to essential financial tools to manage their finances effectively. The credit union accomplishes this by offering share accounts, where members' deposits earn dividends on a quarterly basis. By providing these services, Southwest Heritage Credit Union aims to contribute positively to its members' financial well-being.
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Impact
October, 2024
Southwest Heritage Credit Union plays a crucial role in providing accessible financial services to the community. By offering savings accounts, checking accounts, and consumer loans, the credit union empowers its members to achieve their financial goals. With share accounts that pay dividends quarterly, members benefit from a cooperative model that emphasizes community support and financial growth.
Located in Odessa, Texas, Southwest Heritage Credit Union not only contributes to individual financial wellness but also fosters a sense of community by prioritizing the needs of its members. This focus on cooperative financial services enhances local economic stability, ensuring that members have the resources they need to succeed. By prioritizing public benefit, the credit union strengthens its commitment to serving the community and promoting economic well-being.
This information is meant to be a general summary of Southwest Heritage 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: $1,688,114
- Program Service Revenue: $9,727,804
- Gross Receipts: $11,453,066
Assets and Liabilities:
- Total Assets: $215,180,278
- Total Liabilities: $190,204,390
- Net Assets: $24,975,888
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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
$7,542,955
MEM FEES, CHGS. AND MISC.
Revenue
$2,184,849
Organization Details
Founding Year
1949
Phone
(432) 367-8993Principal Officer
Charles Coon
Main Address
PO BOX 4898, ODESSA, TX, 79760
Website
www.swhcu.comNTEE Category
Code: W60 - Public benefit
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