Overview
What is Cooperative Teachers Credit Union?
Cooperative Teachers Credit Union is a nonprofit financial institution situated in Tyler, Texas. Its primary mission is to promote thrift (savings) and provide credit (loans) to its members. The credit union offers various savings accounts that pay dividends quarterly and have accessibility options like home banking via the internet or telephone, mobile banking, and ATMs worldwide. A special savings account is designed for children to foster consistent savings habits. The credit union strives to enhance the financial growth and well-being of its members by offering fair and reasonable credit opportunities and adequate services. With a dedicated workforce of 33 employees, Cooperative Teachers Credit Union aims to contribute to its members' personal and social growth through sound money management.
Official website here: www.coopteachers.com
Is Cooperative Teachers Credit Union legitimate?
Cooperative Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperative Teachers 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: $574,778
Professional Fundraising Fees: $0
Other Salaries and Wages: $935,618
For more financial information, click here
Official website here: www.coopteachers.com
What is the mission statement of Cooperative Teachers Credit Union?
The Cooperative Teachers Credit Union encourages financial savings among its members and provides them with affordable loan opportunities. Its mission is to enhance social and personal growth by offering fair and reasonable financial services, with a focus on fostering sound money management. The credit union's share accounts provide dividends quarterly and offer various banking options, such as home banking, mobile banking, and worldwide ATM access. Special savings accounts are designed for children to promote consistent savings habits.
Official website here: www.coopteachers.com
Who is the CEO of Cooperative Teachers Credit Union?
Timothy Miller is the President & Ceo of Cooperative Teachers Credit Union. The CEO's salary of Cooperative Teachers Credit Union is $192,250 and their total compensation is $221,612.
Official website here: www.coopteachers.com
What is the revenue of Cooperative Teachers Credit Union?
Cooperative Teachers Credit Union's revenue in 2022 was $3,120,685.
Official website here: www.coopteachers.com
Who are the executives of Cooperative Teachers Credit Union and what are their salaries?
The average compensation at Cooperative Teachers Credit Union during 2022 was $45,770. There are 33 employees and 7 volunteers at Cooperative Teachers Credit Union.
Here are 13 key members and their salaries (Cooperative Teachers Credit Union's CEO's salary is $192,250 and their total compensation is $221,612):
- Compensation: $192,250
- Related: $0
- Other: $29,362
- Compensation: $90,913
- Related: $0
- Other: $6,973
- Compensation: $84,358
- Related: $0
- Other: $8,952
- Compensation: $83,892
- Related: $0
- Other: $6,973
- Compensation: $40,333
- Related: $0
- Other: $3,990
- Compensation: $26,006
- Related: $0
- Other: $776
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.coopteachers.com
Where can I find the form 990 for Cooperative Teachers Credit Union?
Cooperative Teachers Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coopteachers.com
Learn more at the official website: www.coopteachers.com
Mission Statement of Cooperative Teachers Credit Union
Cooperative Teachers Credit Union, in its mission, promotes the importance of thrift, or savings, among its members. The primary objective of this credit union is to extend credit opportunities to its members at reasonable and fair rates. Additionally, it strives to provide adequate services, ensuring the social and personal growth of its members through sound money management.
The credit union's share accounts offer several advantages to its members of all ages. These accounts pay dividends quarterly and provide access to banking services through various channels, such as home banking via the internet or telephone, mobile banking, and ATMs worldwide. Moreover, Cooperative Teachers Credit Union also offers special savings accounts specifically designed for children to encourage the development of consistent savings habits.
In summary, Cooperative Teachers Credit Union's mission is centered around encouraging thrift and providing credit services to its members at fair and reasonable rates. By offering share accounts with quarterly dividends and various access methods, it aims to facilitate sound money management, thus contributing to the social and personal growth of its members. The credit union's special savings accounts for children are an effective tool to foster consistent savings habits, promoting financial literacy from an early age.
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Impact
October, 2024
Cooperative Teachers Credit Union fosters a culture of thrift by encouraging savings and providing accessible credit options to its members. Their share accounts yield dividends quarterly, ensuring that members of all ages can benefit from their savings. The credit union enhances financial management through a range of digital banking services, including home banking, mobile banking, and worldwide ATM access.
Special savings accounts are tailored for children, promoting the development of consistent saving habits from a young age. By offering fair and reasonable credit options, Cooperative Teachers Credit Union supports the financial well-being of its community members, facilitating personal and social growth through sound money management practices. The overall impact is a financially empowered membership that values saving and responsible spending, leading to healthier economic outcomes.
This information is meant to be a general summary of Cooperative Teachers 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: -$2,755,519
- Program Service Revenue: $5,854,978
- Gross Receipts: $35,381,561
Assets and Liabilities:
- Total Assets: $124,846,227
- Total Liabilities: $117,327,754
- Net Assets: $7,518,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & CHARGES
Revenue
$518,400
LOAN INTEREST
Revenue
$4,832,258
OTHER NON-INTEREST INC
Revenue
$504,320
Organization Details
Founding Year
1953
Phone
(903) 561-2603Principal Officer
Timothy Miller
Main Address
1424 WSW Loop 323, Tyler, TX, 75701
Website
www.coopteachers.comNTEE Category
Code: W60 - Public benefit
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