Doches Credit Union

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

EIN: 750920970 ✦ Nacogdoches, TX ✦ Designated as a 501(c)(14)

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Overview

What is Doches Credit Union?

Doches Credit Union is a nonprofit financial institution, serving approximately 12,000 members in three counties of East Texas. Their mission is to provide top-notch, personal service at competitive rates and terms, aiming to assist their members in achieving their financial objectives. Established in Nacogdoches, Texas, the credit union operates with a team of 26 dedicated individuals. Their primary focus is on delivering exceptional service to their members, ensuring they meet their financial aspirations.


Official website here: www.dochescu.com

Is Doches Credit Union legitimate?

Doches Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Doches 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: $171,947
Professional Fundraising Fees: $0
Other Salaries and Wages: $671,273

For more financial information, click here


Official website here: www.dochescu.com

What is the mission statement of Doches Credit Union?

Doches Credit Union is committed to serving its members with the highest level of friendly and personal service, offering competitive rates and terms. This mission extends to helping members achieve their financial goals. In essence, the credit union prioritizes member satisfaction by providing competitive financial services.


Official website here: www.dochescu.com

Who is the CEO of Doches Credit Union?

Cody Derouen is the Chairman of Doches Credit Union.


Official website here: www.dochescu.com

What is the revenue of Doches Credit Union?

Doches Credit Union's revenue in 2022 was $3,842,906.


Official website here: www.dochescu.com

Who are the executives of Doches Credit Union and what are their salaries?

The average compensation at Doches Credit Union during 2022 was $32,432. There are 26 employees at Doches Credit Union.


Here are 10 key members and their salaries:


Freddie Gibson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edeska Barnes (Vice Charima)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clara Bryant (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Pagano (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Selita Hoya (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Ramirez Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Eggebrecht (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Derouen (President)
  • Compensation: $82,236
  • Related: $0
  • Other: $9,949
Jamie Flores (Controller)
  • Compensation: $89,711
  • Related: $0
  • Other: $10,352


Official website here: www.dochescu.com

Where can I find the form 990 for Doches Credit Union?

Doches Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dochescu.com

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

Mission Statement of Doches Credit Union

Doches Credit Union is committed to serving its members with the utmost friendliness and personalized service. They strive to provide competitive rates and terms on their financial products, aiming to help their members achieve their financial goals. In essence, this financial institution is dedicated to its members' well-being, offering them the best possible financial services.

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Impact




October, 2024

Doches Credit Union plays a vital role in the financial well-being of its community by serving approximately 12,000 members across three counties in East Texas. The organization is dedicated to providing exceptional personal service, ensuring that members have access to competitive rates and favorable terms on financial products.

By focusing on helping individuals achieve their financial goals, Doches Credit Union fosters economic stability and growth within the region. Their commitment to friendly, personalized service enhances the member experience, making financial services more accessible and tailored to the needs of the community. This impact is especially significant in fostering trust and engagement among members, ultimately contributing to the overall economic vitality of Nacogdoches and its surrounding areas.




This information is meant to be a general summary of Doches 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
$3,842,906 (2022)
Expenses
$3,430,239 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $149,462
  • Program Service Revenue: $3,693,444
  • Gross Receipts: $3,842,906

Assets and Liabilities:

  • Total Assets: $67,652,678
  • Total Liabilities: $59,771,592
  • Net Assets: $7,881,086

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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

$2,358,108

FEE INCOME

Revenue

$1,015,013

OTHER INCOME

Revenue

$149,940

GAP INSURANCE

Revenue

$125,609

CREDIT LIFE INSURANCE

Revenue

$24,332

Organization Details

Founding Year

1951

Principal Officer

Cody Derouen

Main Address

920 NW STALLINGS DRIVE, NACOGDOCHES, TX, 75964

NTEE Category

Code: W60 - Public benefit

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