Overview
What is Texas Telcom Credit Union?
Texas Telcom Credit Union is a nonprofit, cooperative financial institution, located in Dallas, Texas at 8818 Garland Road. Established under the Texas Credit Union Act, its primary purpose is to foster thrift among its members by offering credit at affordable interest rates. This credit union aims to assist its members in improving their economic condition. As a provider of credit union financial services, Texas Telcom Credit Union operates with 13 dedicated employees, demonstrating its commitment to its members' financial well-being.
Official website here: www.textelcu.org
Is Texas Telcom Credit Union legitimate?
Texas Telcom Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Texas Telcom 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: $136,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $420,954
For more financial information, click here
Official website here: www.textelcu.org
What is the mission statement of Texas Telcom Credit Union?
Texas Telcom Credit Union, as a cooperative and non-profit financial institution, is dedicated to promoting thrift among its members and offering credit at reasonable interest rates. The primary objective is to help improve the economic condition of its members. This is achieved through the voluntary savings and lending model of the credit union, which aims to empower its members financially.
Official website here: www.textelcu.org
Who is the CEO of Texas Telcom Credit Union?
Pam Toler is the President/Ceo of Texas Telcom Credit Union. The CEO's salary of Texas Telcom Credit Union is $130,980 and their total compensation is $130,980.
Official website here: www.textelcu.org
What is the revenue of Texas Telcom Credit Union?
Texas Telcom Credit Union's revenue in 2022 was $2,339,887.
Official website here: www.textelcu.org
Who are the executives of Texas Telcom Credit Union and what are their salaries?
The average compensation at Texas Telcom Credit Union during 2022 was $42,890. There are 13 employees and 7 volunteers at Texas Telcom Credit Union.
Here are 8 key members and their salaries (Texas Telcom Credit Union's CEO's salary is $130,980 and their total compensation is $130,980):
- Compensation: $130,980
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $780
- Related: $0
- Other: $0
- Compensation: $780
- Related: $0
- Other: $0
- Compensation: $720
- Related: $0
- Other: $0
- Compensation: $660
- Related: $0
- Other: $0
Official website here: www.textelcu.org
Where can I find the form 990 for Texas Telcom Credit Union?
Texas Telcom Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.textelcu.org
Learn more at the official website: www.textelcu.org
Mission Statement of Texas Telcom Credit Union
Texas Telcom Credit Union, as a voluntary and cooperative non-profit entity, is dedicated to encouraging thrift among its members and providing them with credit at a reasonable and fair interest rate. This mission aims to help its members improve their economic condition. By functioning as a savings institution under the Texas Credit Union Act, Texas Telcom Credit Union fosters a sense of financial responsibility and accessibility to credit among its members, ultimately empowering them to enhance their financial well-being.
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Impact
October, 2024
Texas Telcom Credit Union significantly impacts its members by providing accessible financial services designed to promote savings and improve economic conditions. By operating under the Texas Credit Union Act, the institution fosters a sense of community and cooperation among its members. It encourages thrift through various savings programs, helping individuals and families build financial stability.
In offering credit at fair and reasonable interest rates, Texas Telcom Credit Union enables members to access necessary loans for home purchases, education, and other important life milestones. This approach not only assists members in achieving their financial goals but also strengthens the local economy by promoting responsible borrowing and spending habits.
Overall, Texas Telcom Credit Union plays a vital role in enhancing the financial well-being of its members in Dallas, Texas, by providing alternatives to traditional banking services, fostering community engagement, and supporting economic growth within the region.
This information is meant to be a general summary of Texas Telcom 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: $361,838
- Program Service Revenue: $1,978,049
- Gross Receipts: $2,339,887
Assets and Liabilities:
- Total Assets: $62,976,469
- Total Liabilities: $291,861
- Net Assets: $62,684,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income on Loans
Revenue
$1,450,882
Fee Income
Revenue
$397,619
Other Operating Income
Revenue
$129,548
Organization Details
Founding Year
1952
Phone
(214) 320-8818Principal Officer
Pam Toler
Main Address
8818 Garland Road, Dallas, TX, 75218
Website
www.textelcu.orgIf you are a representative of Texas Telcom Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.