Tyler City Employees Credit Union

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

EIN: 750922702 ✦ Tyler, TX ✦ Designated as a 501(c)(14)

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Overview

What is Tyler City Employees Credit Union?

Tyler City Employees Credit Union, located at 819 N Spring, Tyler, TX 75702, is a nonprofit financial institution established with the mission to offer high-quality financial services at competitive rates. With a dedicated team of 11 employees, the credit union provides various loan products to its members. The main focus of Tyler City Employees Credit Union is to cater to the financial needs of its members effectively and efficiently.

Is Tyler City Employees Credit Union legitimate?

Tyler City Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tyler City Employees 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: $78,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,163

For more financial information, click here

What is the mission statement of Tyler City Employees Credit Union?

The Tyler City Employees Credit Union was established with a mission to provide high-quality financial services to its members at competitive rates. This non-profit financial institution offers a variety of loan products to its members, ensuring they receive fair pricing for their financial needs. The credit union's mission is centered around providing excellent financial services, aiming to maintain a competitive edge in the industry.

Who is the CEO of Tyler City Employees Credit Union?

Mariann Morgan is the Board Chair of Tyler City Employees Credit Union.

What is the revenue of Tyler City Employees Credit Union?

Tyler City Employees Credit Union's revenue in 2022 was $1,380,695.

Who are the executives of Tyler City Employees Credit Union and what are their salaries?

The average compensation at Tyler City Employees Credit Union during 2022 was $27,821. There are 11 employees at Tyler City Employees Credit Union.


Here are 8 key members and their salaries:


Gary Rice (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doyle Lynch (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Akin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Smart (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Norris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randal Melton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Barbee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mariann Morgan (Manager)
  • Compensation: $78,863
  • Related: $0
  • Other: $0
Where can I find the form 990 for Tyler City Employees Credit Union?

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

Mission Statement of Tyler City Employees Credit Union

Tyler City Employees Credit Union was established with a mission to deliver high-quality financial services at competitive rates. This credit union is committed to providing a wide range of loan products at favorable interest rates, ensuring that its members have access to financial solutions that meet their needs. The organization's mission is centered around offering financial services that are both competitive and of top quality, making it an attractive option for its target audience.

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Impact




October, 2024

Tyler City Employees Credit Union plays a crucial role in providing quality financial services to the employees of Tyler and the surrounding community. By offering a variety of loan products at competitive rates, the credit union supports its members' financial well-being and helps them achieve their personal and professional goals. This access to affordable financing options empowers individuals to make informed financial decisions, whether for purchasing a home, funding education, or managing unexpected expenses.

The credit union's focus on competitive rates enhances the economic stability of its members, contributing to the overall financial health of the community. Moreover, by prioritizing public benefit, Tyler City Employees Credit Union fosters a sense of trust and collaboration among its members, creating a supportive environment where individuals can thrive.

Through its services, the credit union not only meets the immediate financial needs of its members but also promotes long-term financial literacy and responsibility, ultimately making a positive impact on the Tyler community.




This information is meant to be a general summary of Tyler City Employees 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
$1,380,695 (2022)
Expenses
$1,213,324 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $87,389
  • Program Service Revenue: $1,293,306
  • Gross Receipts: $1,380,695

Assets and Liabilities:

  • Total Assets: $26,995,384
  • Total Liabilities: $22,786,824
  • Net Assets: $4,208,560

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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

$983,573

FEES AND CHARGES

Revenue

$238,486

MISC OPERATING

Revenue

$71,247

Organization Details

Founding Year

1953

Principal Officer

Mariann Morgan

Main Address

819 N SPRING, TYLER, TX, 75702

NTEE Category

Code: W60 - Public benefit

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