Overview
What is Central Texas Teachers Credit Union?
Central Texas Teachers Credit Union is a cooperative financial institution, based in Corsicana, Texas. Established with the goal of promoting savings among its members, this credit union offers share accounts that pay dividends on a quarterly basis. The credit union, with a workforce of five dedicated individuals, operates primarily for the benefit of its members, offering them an opportunity to save and reap returns.
Is Central Texas Teachers Credit Union legitimate?
Central Texas Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Central Texas Teachers 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: $68,570
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,694
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What is the mission statement of Central Texas Teachers Credit Union?
The Central Texas Teachers Credit Union is structured as a cooperative, with its primary objective being to encourage savings among its members. This mission is accomplished by offering share accounts that provide dividends to members at regular intervals, irrespective of their age. The cooperative's purpose is centered around fostering financial responsibility and savings among its member base.
Who is the CEO of Central Texas Teachers Credit Union?
Jim Revill is the Board Chair of Central Texas Teachers Credit Union. The CEO's salary of Central Texas Teachers Credit Union is $68,570 and their total compensation is $68,570.
What is the revenue of Central Texas Teachers Credit Union?
Central Texas Teachers Credit Union's revenue in 2022 was $562,938.
Who are the executives of Central Texas Teachers Credit Union and what are their salaries?
The average compensation at Central Texas Teachers Credit Union during 2022 was $45,653. There are 5 employees and 9 volunteers at Central Texas Teachers Credit Union.
Here are 10 key members and their salaries (Central Texas Teachers Credit Union's CEO's salary is $68,570 and their total compensation is $68,570):
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- Compensation: $68,570
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Where can I find the form 990 for Central Texas Teachers Credit Union?
Central Texas Teachers Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Texas Teachers Credit Union
Central Texas Teachers Credit Union, as a cooperative, is established with the primary objective of fostering thrift and savings among its members. This mission is achieved through the organization's share accounts, which offer dividends to its members on a quarterly basis. By promoting savings, the credit union aims to provide financial benefits and stability to its members of all ages.
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Impact
October, 2024
Central Texas Teachers Credit Union has a significant impact on the community by fostering a culture of savings and financial well-being among its members. By offering share accounts that provide advantages for individuals of all ages, the credit union promotes thrift and responsible financial habits. Members benefit from competitive dividends paid quarterly on their savings accounts, encouraging them to save and invest in their future. The cooperative framework creates a supportive environment where members can access financial services tailored to their needs, ultimately strengthening the local economy and enhancing the financial literacy of its community. Based in Corsicana, TX, Central Texas Teachers Credit Union plays a vital role in promoting economic stability and fostering personal financial growth among its members.
This information is meant to be a general summary of Central Texas Teachers 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: $46,516
- Program Service Revenue: $516,422
- Gross Receipts: $562,938
Assets and Liabilities:
- Total Assets: $15,918,200
- Total Liabilities: $13,938,038
- Net Assets: $1,980,162
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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
$496,768
Fee Income
Revenue
$11,016
Other Operating Income
Revenue
$8,638
Organization Details
Founding Year
1956
Phone
(903) 874-6361Principal Officer
Jim Revill
Main Address
PO Box 486, Corsicana, TX, 751510486
NTEE Category
Code: W60 - Public benefit
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