Midwestern State University Credit Union

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

EIN: 750954755 ✦ Wichita falls, TX ✦ Designated as a 501(c)(14)

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Overview

What is Midwestern State University Credit Union?

Midwestern State University Credit Union, established in 1955, is a member-owned financial cooperative located within the Midwestern State University community. Driven by a commitment to ethics and integrity, its mission is to support members in managing their financial affairs effectively. The cooperative strives for excellence in product quality and service, and its primary activity involves providing a wide range of financial services to its members. The cooperative's goal is to empower its members to make informed financial decisions, ensuring that they have the necessary tools to navigate their financial landscapes.

Is Midwestern State University Credit Union legitimate?

Midwestern State University Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midwestern State University 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: $53,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,759

For more financial information, click here

What is the mission statement of Midwestern State University Credit Union?

Midwestern State University Credit Union, established in 1955, is a member-owned financial cooperative with a mission to offer high-quality financial services to its members. The institution is dedicated to promoting excellence in its offerings while upholding ethical standards and integrity. Its primary objective is to provide financial assistance, enabling members to make informed decisions regarding their financial affairs. The cooperative is committed to delivering top-notch products and services, demonstrating its dedication to its members' financial well-being.

Who is the CEO of Midwestern State University Credit Union?

Renee D Hensley is the Board Chair of Midwestern State University Credit Union. The CEO's salary of Midwestern State University Credit Union is $53,384 and their total compensation is $53,384.

What is the revenue of Midwestern State University Credit Union?

Midwestern State University Credit Union's revenue in 2022 was $164,183.

Who are the executives of Midwestern State University Credit Union and what are their salaries?

The average compensation at Midwestern State University Credit Union during 2022 was $32,381. There are 3 employees and 9 volunteers at Midwestern State University Credit Union.


Here are 10 key members and their salaries (Midwestern State University Credit Union's CEO's salary is $53,384 and their total compensation is $53,384):


Clara Latham (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslee Ponder (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathon Price (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Mcclung (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Patterson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Killion (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Debois (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney Snyder (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lillie Kelle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Hensley (Manager/Ceo)
  • Compensation: $53,384
  • Related: $0
  • Other: $0
Where can I find the form 990 for Midwestern State University Credit Union?

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

Mission Statement of Midwestern State University Credit Union

Midwestern State University Credit Union, established in 1955, operates as a member-owned financial cooperative. Its primary mission is to provide high-quality financial services that empower its members to make informed decisions about their financial affairs. This nonprofit organization is dedicated to upholding excellence in its products and services, while adhering to ethical and integrity standards. In essence, Midwestern State University Credit Union is committed to supporting its members in managing their finances effectively.

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Impact




October, 2024

Midwestern State University Credit Union plays a vital role in the financial well-being of its members by offering accessible financial services tailored to their unique needs. Established on April 25, 1955, this member-owned financial cooperative is dedicated to empowering members to make informed decisions about their financial affairs.

By focusing on excellence in product quality and superior service, the credit union ensures that its members have the tools they need for effective financial management. Its commitment to ethical standards and integrity fosters a trustworthy environment where members can seek essential financial guidance and support.

Located in Wichita Falls, Texas, Midwestern State University Credit Union not only contributes to individual financial stability but also enhances the economic health of the community by promoting responsible financial practices among its members. Through its ongoing efforts, the credit union serves as a cornerstone for financial empowerment and support within the region.




This information is meant to be a general summary of Midwestern State University 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
$164,183 (2022)
Expenses
$220,925 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $37,930
  • Program Service Revenue: $96,529
  • Gross Receipts: $164,183

Assets and Liabilities:

  • Total Assets: $5,780,671
  • Total Liabilities: $5,061,225
  • Net Assets: $719,446

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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

$96,529

Organization Details

Founding Year

1955

Principal Officer

Renee D Hensley

Main Address

3410 Taft Blvd, Wichita Falls, TX, 76308

NTEE Category

Code: W60 - Public benefit

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