West Texas Educators Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 750918872 ✦ Odessa, TX ✦ Designated as a 501(c)(14)

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Overview

What is West Texas Educators Credit Union?

West Texas Educators Credit Union is a nonprofit organization committed to enhancing the financial security of its members. By offering a diverse selection of competitive financial products, such as personal loans, the credit union aims to cater to its members' financial needs effectively. Their mission is to become the preferred choice for the community, delivering excellent member services alongside these financial solutions.


Official website here: www.westtexascu.com

Is West Texas Educators Credit Union legitimate?

West Texas Educators Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. West Texas Educators 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: $236,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $841,269

For more financial information, click here


Official website here: www.westtexascu.com

What is the mission statement of West Texas Educators Credit Union?

West Texas Educators Credit Union's mission is centered around enhancing the financial stability of its members. By offering a diverse array of competitively priced financial products, the credit union aims to serve its members effectively. The credit union strives to be the preferred choice for the community, providing excellent member services in the process. Its goal is to help its members achieve financial security, demonstrating a commitment to their well-being.


Official website here: www.westtexascu.com

Who is the CEO of West Texas Educators Credit Union?

Angeline Wilson is the Prev Ceo of West Texas Educators Credit Union. The CEO's salary of West Texas Educators Credit Union is $70,756 and their total compensation is $77,816.


Official website here: www.westtexascu.com

What is the revenue of West Texas Educators Credit Union?

West Texas Educators Credit Union's revenue in 2021 was $3,421,856.


Official website here: www.westtexascu.com

Who are the executives of West Texas Educators Credit Union and what are their salaries?

The average compensation at West Texas Educators Credit Union during 2021 was $46,873. There are 23 employees and 7 volunteers at West Texas Educators Credit Union.


Here are 9 key members and their salaries (West Texas Educators Credit Union's CEO's salary is $70,756 and their total compensation is $77,816):


Jean Nicole Torans Dominguez (Prev Ceo)
  • Compensation: $70,756
  • Related: $0
  • Other: $7,060
Glenn Tolentino (Prec Cfo)
  • Compensation: $92,431
  • Related: $0
  • Other: $0
Lisa Brooks (Doo)
  • Compensation: $73,629
  • Related: $0
  • Other: $0
Robert Brown (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Carlson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricky Chandler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jaramillo (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donnie Norwood (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Nowood (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.westtexascu.com

Where can I find the form 990 for West Texas Educators Credit Union?

West Texas Educators Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.westtexascu.com

Learn more at the official website: www.westtexascu.com

Mission Statement of West Texas Educators Credit Union

West Texas Educators Credit Union is committed to enhancing the financial stability of its members. This community-focused financial institution aims to achieve this goal by offering a diverse array of financially competitive products. By providing these products alongside exceptional member services, West Texas Credit Union aspires to become the preferred choice for its community. In essence, its mission is to empower its members by ensuring their financial security through comprehensive financial solutions.

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Impact




October, 2024

West Texas Educators Credit Union (WTECU) significantly impacts its community by fostering financial security for its members through a diverse array of competitive financial products and exceptional member services. Located in Odessa, Texas, WTECU is committed to being the provider of choice for individuals seeking reliable and affordable financial solutions. By offering personal loans and other financial services tailored to meet community needs, WTECU plays a crucial role in enhancing the economic wellbeing of its members and supporting the overall growth of the local economy. Its dedication to excellent service and member satisfaction reinforces its position as a vital resource in the community, promoting financial literacy and empowerment among residents.




This information is meant to be a general summary of West Texas Educators 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.

Revenue
$3,421,856 (2021)
Expenses
$3,430,768 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $232,665
  • Program Service Revenue: $3,174,070
  • Gross Receipts: $3,421,856

Assets and Liabilities:

  • Total Assets: $62,368,930
  • Total Liabilities: $56,956,336
  • Net Assets: $5,412,594

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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

$1,992,067

Fee Income

Revenue

$777,637

Other Operating Income

Revenue

$404,366

Organization Details

Founding Year

1954

Principal Officer

Angeline Wilson

Main Address

4301 MISSION BLVD, ODESSA, TX, 797650000

NTEE Category

Code: W60 - Public benefit

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