Skel-Tex Credit Union

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

EIN: 750939167 ✦ Skellytown, TX ✦ Designated as a 501(c)(14)

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Overview

What is Skel-Tex Credit Union?

Skel-Tex Credit Union is a member-focused financial institution that offers savings and loan services. Their mission is to deliver top-notch service while catering to their members' financial needs. Skel-Tex Credit Union's offerings include programs like Total Functional Expenses, designed to support their members financially. The credit union prioritizes providing the best possible service to its members, making it an essential resource for financial management within its community.

Is Skel-Tex Credit Union legitimate?

Skel-Tex Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Skel-Tex 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: $102,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Skel-Tex Credit Union?

Skel-Tex Credit Union, as a financial institution, is committed to offering savings and loans to its members. Their mission extends beyond financial services, as they strive to provide the highest level of service. One of their initiatives is the Total Functional Expenses program, which further demonstrates their dedication to their members' needs. In essence, Skel-Tex Credit Union aims to serve its members effectively and efficiently, going beyond basic financial transactions.

Who is the CEO of Skel-Tex Credit Union?

Terri Cone is the Manager of Skel-Tex Credit Union.

What is the revenue of Skel-Tex Credit Union?

Skel-Tex Credit Union's revenue in 2022 was $192,873.

Who are the executives of Skel-Tex Credit Union and what are their salaries?

The average compensation at Skel-Tex Credit Union during 2022 was $34,226. There are 3 employees and 7 volunteers at Skel-Tex Credit Union.


Here are 8 key members and their salaries:


Terri Cone (Manager)
  • Compensation: $51,407
  • Related: $0
  • Other: $0
Susie Edwards (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenna Swanson (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond Hanover (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reva Williams (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Brown (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherry Kramer (Board Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Mills (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Skel-Tex Credit Union?

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

Mission Statement of Skel-Tex Credit Union

Skel-Tex Credit Union, a savings and loan institution, is dedicated to its members, aiming to provide the highest level of service possible. Its mission is multifaceted, encompassing the provision of financial services such as savings and loans. Beyond this, Skel-Tex Credit Union offers specialized programs like Total Functional Expenses, which is designed to assist its members in managing their financial obligations effectively. The credit union's commitment extends beyond just financial services, striving to provide its members with the best possible experience.

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Impact




October, 2024

Skel-Tex Credit Union has a substantial impact on the community of Skellytown, TX, by offering accessible savings and loan services to its members. By focusing on providing quality service, it helps members achieve their financial goals through tailored financial products and support. The credit union enhances financial literacy and stability in the community, ensuring that individuals have the resources needed to manage their finances effectively. Through programs like Total Functional Expenses, Skel-Tex supports members in understanding their financial health and making informed decisions. This commitment to member service and community well-being underscores the credit union's role as a vital financial resource in Skellytown.




This information is meant to be a general summary of Skel-Tex 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
$192,873 (2022)
Expenses
$195,487 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $33,025
  • Gross Receipts: $192,873

Assets and Liabilities:

  • Total Assets: $6,950,084
  • Total Liabilities: $5,688,793
  • Net Assets: $1,261,291

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Organization Details

Founding Year

1954

Principal Officer

Terri Cone

Main Address

PO Box 660, Skellytown, TX, 79080

NTEE Category

Code: W60 - Public benefit

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