Overview
What is Odessa City Employees Credit Union?
Odessa City Employees Credit Union is a cooperative financial institution, situated at 1006 EAST 7TH STREET, ODESSA, TX 79761. This nonprofit organization offers credit union services, such as savings accounts, checking accounts, and consumer loans, to its members. The primary mission of Odessa City Employees Credit Union is to provide financial support and assistance to its members, with a focus on offering share accounts that pay dividends quarterly. The organization is staffed by a team of nine dedicated individuals, ensuring a personalized service experience for its members.
Is Odessa City Employees Credit Union legitimate?
Odessa City Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Odessa City Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,891
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What is the mission statement of Odessa City Employees Credit Union?
The Odessa City Employees Credit Union serves as a cooperative provider of credit union services, offering savings accounts, checking accounts, and consumer loans. Its mission, as stated, is to provide these financial services to its members. The credit union is known for its share accounts, which pay dividends quarterly to its members. Essentially, the Odessa City Employees Credit Union aims to support its members financially, offering them various banking services and rewards through their savings accounts.
Who is the CEO of Odessa City Employees Credit Union?
John Alavarez is the Treasurer of Odessa City Employees Credit Union.
What is the revenue of Odessa City Employees Credit Union?
Odessa City Employees Credit Union's revenue in 2022 was $601,566.
Who are the executives of Odessa City Employees Credit Union and what are their salaries?
The average compensation at Odessa City Employees Credit Union during 2022 was $23,210. There are 9 employees at Odessa City Employees Credit Union.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Odessa City Employees Credit Union?
Odessa City Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Odessa City Employees Credit Union
Odessa City Employees Credit Union, as a cooperative entity, is dedicated to providing essential credit union services to its members. Its mission encompasses offering savings accounts, checking accounts, and consumer loans. This cooperative approach enables the credit union to contribute to the financial well-being of its members, ensuring they have access to various financial tools. The credit union's most notable service is Share Accounts, which pay dividends to members on a quarterly basis. This financial assistance not only helps members manage their finances but also incentivizes them to save and plan for future financial needs. By providing these essential services, Odessa City Employees Credit Union aims to contribute positively to the financial lives of its members.
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Impact
October, 2024
Odessa City Employees Credit Union plays a vital role in the community by providing essential financial services to its members. By offering savings accounts, checking accounts, and consumer loans, it fosters financial stability and promotes responsible money management among its clientele. The quarterly dividends paid on share accounts create an incentive for savings, enhancing the financial well-being of individuals and families in Odessa, TX.
This cooperative model not only serves the best interests of its members but also contributes to the local economy by encouraging savings and providing affordable access to credit. By prioritizing the needs of its members, Odessa City Employees Credit Union empowers individuals to achieve their financial goals, ultimately fostering a stronger and more resilient community.
This information is meant to be a general summary of Odessa City Employees 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: $70,339
- Program Service Revenue: $531,227
- Gross Receipts: $601,566
Assets and Liabilities:
- Total Assets: $19,710,254
- Total Liabilities: $16,884,810
- Net Assets: $2,825,444
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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
$362,137
MEMBER FEES,CHARGES, MISC
Revenue
$169,090
Organization Details
Founding Year
1953
Phone
(432) 333-2510Principal Officer
John Alavarez
Main Address
1006 EAST 7TH STREET, ODESSA, TX, 79761
NTEE Category
Code: W60 - Public benefit
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