Overview
What is Trinity Valley Teacher Credit Union?
Trinity Valley Teacher Credit Union is a cooperative financial institution, situated in Palestine, Texas. It caters to a diverse membership, offering Share Accounts to individuals of all ages. The credit union maintains 3,209 member-owned accounts and pays dividends on savings quarterly. Members can deposit funds through various methods, such as in-person, mail, electronic, or payroll deduction. The credit union falls under the National Credit Union Administration Insurance Fund and is regulated by both the State of Texas Credit Union Department and the National Credit Union Administration. Its mission is to provide a range of financial services, including Share Accounts, Checking Accounts, Consumer Loans, Share Certificates, and Individual Retirement Accounts. With a small workforce of eight employees, Trinity Valley Teacher Credit Union serves its members in Palestine and beyond.
Official website here: www.tvtcu.com
Is Trinity Valley Teacher Credit Union legitimate?
Trinity Valley Teacher Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Trinity Valley Teacher 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: $85,195
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,783
For more financial information, click here
Official website here: www.tvtcu.com
What is the mission statement of Trinity Valley Teacher Credit Union?
Trinity Valley Teacher Credit Union's mission statement, as stated, is to function as a cooperative provider of credit union financial services. This means they are committed to offering a range of financial products to their members, including share accounts, checking accounts, consumer loans, share certificates, and individual retirement accounts. The credit union prioritizes member savings, with dividends paid out quarterly. They encourage deposits through various methods, such as in-person, mail, electronic, and payroll deduction. While the text does not explicitly mention it, one could infer that their mission is to provide reliable and accessible financial services to their credit union members.
Official website here: www.tvtcu.com
Who is the CEO of Trinity Valley Teacher Credit Union?
James R Ives is the Officer President of Trinity Valley Teacher Credit Union.
Official website here: www.tvtcu.com
What is the revenue of Trinity Valley Teacher Credit Union?
Trinity Valley Teacher Credit Union's revenue in 2022 was $752,484.
Official website here: www.tvtcu.com
Who are the executives of Trinity Valley Teacher Credit Union and what are their salaries?
The average compensation at Trinity Valley Teacher Credit Union during 2022 was $30,497. There are 8 employees and 12 volunteers at Trinity Valley Teacher Credit Union.
Here are 10 key members and their salaries:
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Official website here: www.tvtcu.com
Where can I find the form 990 for Trinity Valley Teacher Credit Union?
Trinity Valley Teacher Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tvtcu.com
Learn more at the official website: www.tvtcu.com
Mission Statement of Trinity Valley Teacher Credit Union
Trinity Valley Teacher Credit Union, as a cooperative financial institution, is committed to providing credit union financial services to its members. In essence, its mission is to operate as a collective provider of financial solutions, catering to the needs of its members who are primarily teachers. The Credit Union offers a variety of financial products, including Share Accounts, Checking Accounts, Consumer Loans, Share Certificates, and Individual Retirement Accounts. The Share Accounts, available to members of all ages, serve as a savings option for its members. These accounts pay dividends quarterly, providing an added financial benefit to the members. Deposits can be made through multiple methods, including in-person visits, mail, electronic transfers, and payroll deductions. The Credit Union's mission is centered around the idea of cooperation, ensuring that its financial services are readily accessible and beneficial to its members.
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Impact
October, 2024
Trinity Valley Teacher Credit Union enhances the financial well-being of its members through a cooperative model that prioritizes community and member needs. By offering a variety of financial products—such as share accounts, checking accounts, consumer loans, share certificates, and individual retirement accounts—it serves as an essential resource for individuals seeking to save, invest, and manage their finances effectively.
The credit union operates with a mission focused on providing accessible financial services to its members, fostering financial literacy, and promoting responsible banking practices. With 3,209 member-owned accounts as of December 31, 2022, it plays a pivotal role in the local economy by encouraging savings, facilitating loans, and empowering members to achieve financial goals.
Moreover, as a regulated institution under the National Credit Union Administration and the State of Texas Credit Union Department, it offers a safe environment for deposits while paying dividends on savings accounts quarterly. The combination of personalized service, community focus, and comprehensive financial offerings positions Trinity Valley Teacher Credit Union as a vital partner for financial success in Palestine, Texas.
This information is meant to be a general summary of Trinity Valley Teacher 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: $233,394
- Program Service Revenue: $372,069
- Gross Receipts: $752,484
Assets and Liabilities:
- Total Assets: $34,330,581
- Total Liabilities: $25,959,239
- Net Assets: $8,371,342
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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
$321,792
MEMBER FEES & CHARGES
Revenue
$50,277
Organization Details
Founding Year
1938
Phone
(903) 729-0207Principal Officer
James R Ives
Main Address
P O Box 303, Palestine, TX, 758020303
Website
www.tvtcu.comNTEE Category
Code: W60 - Public benefit
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