Overview
What is Service 1st Credit Union?
Service 1st Credit Union is a nonprofit organization, incorporated under the Texas Credit Union Act, with a mission to encourage savings among its members. Based in Greenville, Texas, it operates as a voluntary, non-profit savings institution. Its primary objective is to provide credit at fair rates to its members, thereby aiding them in improving their financial condition. Service 1st Credit Union is committed to offering high-quality financial services to its membership for the long term. The organization, with a team of 17 employees, operates under the provisions of the Texas Credit Union Act, focusing on the well-being and financial growth of its members.
Official website here: www.s1cu.org
Is Service 1st Credit Union legitimate?
Service 1st Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Service 1st 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: $196,181
Professional Fundraising Fees: $0
Other Salaries and Wages: $597,048
For more financial information, click here
Official website here: www.s1cu.org
What is the mission statement of Service 1st Credit Union?
Service 1st Credit Union is committed to providing lifelong quality financial services to its members. As a voluntary non-profit institution, it encourages thrift among its members, offering credit at fair rates. The credit union's primary goal is to improve the economic condition of its members, offering them an opportunity to grow financially. Service 1st Credit Union operates under the Texas Credit Union Act, providing its members with a range of financial services.
Official website here: www.s1cu.org
Who is the CEO of Service 1st Credit Union?
Sherri Houston is the President of Service 1st Credit Union.
Official website here: www.s1cu.org
What is the revenue of Service 1st Credit Union?
Service 1st Credit Union's revenue in 2022 was $2,688,265.
Official website here: www.s1cu.org
Who are the executives of Service 1st Credit Union and what are their salaries?
The average compensation at Service 1st Credit Union during 2022 was $46,661. There are 17 employees at Service 1st Credit Union.
Here are 11 key members and their salaries:
- Compensation: $135,241
- Related: $0
- Other: $0
- Compensation: $60,940
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.s1cu.org
Where can I find the form 990 for Service 1st Credit Union?
Service 1st Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.s1cu.org
Learn more at the official website: www.s1cu.org
Mission Statement of Service 1st Credit Union
Service 1st Credit Union is dedicated to providing a lifelong commitment of quality financial services to its membership. This non-profit savings institution, incorporated under the Texas Credit Union Act, aims to encourage thrift among its members. Service 1st Credit Union offers credit at a fair and reasonable rate of interest to its members, thereby providing an opportunity for them to improve their economic condition. The organization's mission is to serve its members by offering financial services of high quality, fostering savings, and providing credit at affordable rates, thereby assisting its members in enhancing their financial well-being.
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Impact
October, 2024
Service 1st Credit Union plays a significant role in enhancing the financial well-being of its members and the community it serves. By encouraging thrift and providing access to fair credit, the credit union fosters economic stability and growth among its members. Its commitment to delivering quality financial services ensures that individuals not only have the means to save and invest but also the support needed to navigate financial challenges.
The credit union’s operations are centered around improving the economic conditions of its members in Greenville, TX, by offering competitive rates and personalized financial solutions. This dedication promotes financial literacy and empowerment, equipping members with the tools they need for long-term financial success. Overall, Service 1st Credit Union’s impact is reflected in the improved economic health of its community, creating a positive ripple effect that benefits everyone.
This information is meant to be a general summary of Service 1st 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: $525,698
- Program Service Revenue: $2,162,567
- Gross Receipts: $2,688,265
Assets and Liabilities:
- Total Assets: $79,746,360
- Total Liabilities: $402,529
- Net Assets: $79,343,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND CHARGES
Revenue
$296,530
INTEREST ON LOANS
Revenue
$1,213,997
NCUA-SWCU REFUNDS
Revenue
$616,461
OTHER OPERATING
Revenue
$35,579
Organization Details
Founding Year
1954
Phone
(903) 457-4686Principal Officer
Sherri Houston
Main Address
P O BOX 8155, GREENVILLE, TX, 75404
Website
www.s1cu.orgNTEE Category
Code: W60 - Public benefit
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