Overview
What is Texans Credit Union?
Texans Credit Union is a state-chartered credit union based in Richardson, Texas, with over 300 employees. This member-owned cooperative offers various financial products and services, primarily focusing on loans. Their loan offerings encompass consumer automobile loans, unsecured loans, residential mortgage loans, home equity and home improvement loans, and related insurance products like credit life and disability, mechanical breakdown, and gap insurance. The credit union's mission is to enhance the economic well-being of its members by providing traditional deposit and loan services, thereby making their lives better while contributing to the local communities.
Official website here: www.texanscu.org
Is Texans Credit Union legitimate?
Texans Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Texans 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: $1,630,661
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,598,995
For more financial information, click here
Official website here: www.texanscu.org
What is the mission statement of Texans Credit Union?
Texans Credit Union is a member-owned cooperative formed under state law, functioning as a state-chartered credit union. The credit union provides various financial services, including deposit and loan products, to enhance the economic well-being of its member owners. The credit union offers a range of loans for different purposes, such as consumer automobile loans, unsecured loans, residential mortgage loans, home equity and home improvement loans. Additionally, Texans Credit Union offers various loan-related insurance products, including credit life and disability, mechanical breakdown, and gap insurance, to further support its members.
Official website here: www.texanscu.org
Who is the CEO of Texans Credit Union?
David Frazier is the Chief Executive Officer of Texans Credit Union. The CEO's salary of Texans Credit Union is $689,692 and their total compensation is $714,150.
Official website here: www.texanscu.org
What is the revenue of Texans Credit Union?
Texans Credit Union's revenue in 2022 was $76,501,082.
Official website here: www.texanscu.org
Who are the executives of Texans Credit Union and what are their salaries?
The average compensation at Texans Credit Union during 2022 was $55,047. There are 313 employees and 5 volunteers at Texans Credit Union.
Here are 14 key members and their salaries (Texans Credit Union's CEO's salary is $689,692 and their total compensation is $714,150):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $689,692
- Related: $0
- Other: $24,458
- Compensation: $369,543
- Related: $0
- Other: $29,741
- Compensation: $263,095
- Related: $0
- Other: $27,748
- Compensation: $207,212
- Related: $0
- Other: $19,172
- Compensation: $223,409
- Related: $0
- Other: $20,612
- Compensation: $203,234
- Related: $0
- Other: $19,342
- Compensation: $192,993
- Related: $0
- Other: $15,066
- Compensation: $175,949
- Related: $0
- Other: $20,450
- Compensation: $162,552
- Related: $0
- Other: $22,359
Official website here: www.texanscu.org
Where can I find the form 990 for Texans Credit Union?
Texans Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texanscu.org
Learn more at the official website: www.texanscu.org
Mission Statement of Texans Credit Union
Texans Credit Union, a member-owned cooperative, is on a mission to enhance the economic well-being of its members. Established under the State Credit Union Law, this credit union provides a range of financial services, including traditional deposit and loan products. The organization's primary goal is to make a positive impact on the lives of its members.
Texans Credit Union offers loans in various categories to cater to diverse financial needs. These loan offerings encompass consumer automobile loans, unsecured loans, residential mortgage loans, home equity and home improvement loans. In addition to these loans, the credit union provides loan-related insurance products such as credit life and disability insurance, mechanical breakdown insurance, and gap insurance to ensure comprehensive financial protection for its members.
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Impact
October, 2024
Texans Credit Union significantly enhances the financial landscape for its members by offering a range of traditional deposit and loan products, as well as various other financial services tailored to meet their needs. Located in Richardson, Texas, the credit union operates as a member-owned cooperative, where the primary goal is to improve the economic well-being of its members.
By providing diverse loan options—including consumer automobile loans, unsecured loans, residential mortgage loans, and home equity loans—Texans Credit Union allows individuals to access the financing they need for significant life events and purchases, fostering greater financial stability within the community. Additionally, the inclusion of loan-related insurance products, such as credit life and disability insurance, further protects members’ financial interests.
The credit union's focus extends beyond individual financial services; it emphasizes enhancing the overall quality of life for its members while actively serving the community. Through its dedicated efforts, Texans Credit Union plays a vital role in supporting local economic development and promoting financial literacy, thereby creating a positive impact on the fabric of the communities it serves.
This information is meant to be a general summary of Texans 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: $13,102,907
- Program Service Revenue: $63,398,175
- Gross Receipts: $102,142,268
Assets and Liabilities:
- Total Assets: $2,155,551,665
- Total Liabilities: $2,027,157,739
- Net Assets: $128,393,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME LOANS
Revenue
$40,822,141
OTHER INCOME
Revenue
$14,987,895
FEES AND CHARGES
Revenue
$6,874,955
FINANCE & INSURANCE
Revenue
$713,184
Organization Details
Founding Year
1953
Phone
(972) 348-2000Principal Officer
David Frazier
Main Address
777 EAST CAMPBELL RD, RICHARDSON, TX, 75081
Website
www.texanscu.orgNTEE Category
Code: W60 - Public benefit
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