Overview
What is Relyon Credit Union?
Relyon Credit Union is a cooperative financial institution situated in Kaufman, Texas, specifically at 315 East Fair Street. Established with the purpose of bettering the financial lives of its community members, it offers a diverse range of consumer loans, such as auto, recreational, and equipment loans, share-secured loans, credit cards, unsecured loans, and credit building loans. These loans are provided at reasonable and fair interest rates. Furthermore, the credit union offers loan ancillary insurance programs to its membership. As a cooperative, Relyon Credit Union strives to provide financial services that improve its members' financial well-being through access to credit sources, savings products, and fair interest rates. With a team of 53 dedicated employees, it serves its members with uncommon kindness and a commitment to banking.
Official website here: www.relyoncu.org
Is Relyon Credit Union legitimate?
Relyon Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Relyon 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: $449,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,100,590
For more financial information, click here
Official website here: www.relyoncu.org
What is the mission statement of Relyon Credit Union?
Relyon Credit Union is a cooperative organization with a mission to provide financial services to its community members. This mission is centered around offering financial opportunities through various services, access to credit sources at reasonable interest rates, and savings products at competitive rates. The ultimate goal is to improve the financial well-being of its members, demonstrating a commitment to uncommon and kindhearted banking.
Official website here: www.relyoncu.org
Who is the CEO of Relyon Credit Union?
Sarah Spooner is the Director of Relyon Credit Union. The CEO's salary of Relyon Credit Union is $204,834 and their total compensation is $235,175.
Official website here: www.relyoncu.org
What is the revenue of Relyon Credit Union?
Relyon Credit Union's revenue in 2022 was $9,173,062.
Official website here: www.relyoncu.org
Who are the executives of Relyon Credit Union and what are their salaries?
The average compensation at Relyon Credit Union during 2022 was $48,111. There are 53 employees and 8 volunteers at Relyon Credit Union.
Here are 14 key members and their salaries (Relyon Credit Union's CEO's salary is $204,834 and their total compensation is $235,175):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $204,834
- Related: $0
- Other: $30,341
- Compensation: $175,334
- Related: $0
- Other: $38,781
- Compensation: $158,492
- Related: $0
- Other: $19,567
- Compensation: $123,508
- Related: $0
- Other: $36,443
- Compensation: $103,893
- Related: $0
- Other: $20,089
- Compensation: $109,376
- Related: $0
- Other: $6,573
Official website here: www.relyoncu.org
Where can I find the form 990 for Relyon Credit Union?
Relyon Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.relyoncu.org
Learn more at the official website: www.relyoncu.org
Mission Statement of Relyon Credit Union
Relyon Credit Union, a cooperative organization, is committed to providing financial services with an uncommon and kindhearted approach. Incorporated under the provisions of the Texas Credit Union Act, its primary purpose is to enhance the financial well-being of its members. By offering a wide range of services, including access to credit sources at fair and reasonable interest rates, as well as savings products at competitive interest rates, Relyon Credit Union seeks to improve its members' financial opportunities. This cooperative is dedicated to making a positive impact on its community by providing financial assistance and empowering its members to secure a better financial future.
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Impact
October, 2024
Relyon Credit Union has a significant impact on the financial well-being of its members and the broader community in Kaufman, TX. By offering a diverse range of consumer loan products—such as auto, recreational, and credit-building loans—Relyon enables individuals and families to access the financing they need at fair and reasonable interest rates. This support helps members make vital purchases, invest in opportunities, and enhance their quality of life.
Moreover, Relyon's commitment to "uncommon and kindhearted banking" fosters a culture of trust and community engagement. By prioritizing the financial health of its members, Relyon not only improves individual financial circumstances but also contributes to the economic stability of the local community. Through competitive savings products and ancillary loan insurance programs, Relyon encourages responsible financial practices and provides members with the tools they need to build a secure financial future. Overall, Relyon Credit Union plays a pivotal role in empowering its members and promoting financial literacy, ultimately aiming to improve their lives.
This information is meant to be a general summary of Relyon 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: $2,259,944
- Program Service Revenue: $6,913,118
- Gross Receipts: $9,982,748
Assets and Liabilities:
- Total Assets: $92,326,804
- Total Liabilities: $84,376,029
- Net Assets: $7,950,775
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$4,816,806
MEMBER FEES AND OTHER INCOME
Revenue
$1,611,585
INTERCHANGE INCOME
Revenue
$418,840
FINANCE AND INSURANCE
Revenue
$65,887
Organization Details
Founding Year
1952
Phone
(214) 357-3328Principal Officer
Sarah Spooner
Main Address
315 EAST FAIR STREET, KAUFMAN, TX, 75142
Website
www.relyoncu.orgIf you are a representative of Relyon Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.