Hockley County School Employees Credit Union

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

EIN: 751076864 ✦ Levelland, TX ✦ Designated as a 501(c)(14)

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Overview

What is Hockley County School Employees Credit Union?

The Hockley County School Employees Credit Union is a cooperative financial institution, functioning as a thrift organization. This nonprofit entity is an active member of the National Credit Union Administration Insurance Fund and is subject to regulations by both the State of Texas Credit Union Department and the National Credit Union Administration. The primary mission of this credit union is to offer financial services to its members, serving as a cooperative provider in this field.

Is Hockley County School Employees Credit Union legitimate?

Hockley County School Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hockley County School Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $397,587

For more financial information, click here

What is the mission statement of Hockley County School Employees Credit Union?

The Hockley County School Employees Credit Union serves as a cooperative financial institution, providing financial services to its members. Regulated by both the State of Texas Credit Union Department and the National Credit Union Administration, the union's primary objective is to offer credit union financial solutions to its members. As a member of the National Credit Union Administration Insurance Fund, the union ensures financial security and stability for its members. The Credit Union's mission is to operate as a cooperative provider, striving to meet the financial needs of its members.

Who is the CEO of Hockley County School Employees Credit Union?

Russell Vest is the Chair of Hockley County School Employees Credit Union. The CEO's salary of Hockley County School Employees Credit Union is $118,474 and their total compensation is $118,474.

What is the revenue of Hockley County School Employees Credit Union?

Hockley County School Employees Credit Union's revenue in 2022 was $1,654,936.

Who are the executives of Hockley County School Employees Credit Union and what are their salaries?

The average compensation at Hockley County School Employees Credit Union during 2022 was $44,176. There are 9 employees at Hockley County School Employees Credit Union.


Here are 7 key members and their salaries (Hockley County School Employees Credit Union's CEO's salary is $118,474 and their total compensation is $118,474):


Lyndon Hardin (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Race (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Pugh (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alma Lopez (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Royce Blackshear (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abel Perez Jr (Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Vest (Treasurer, Ceo)
  • Compensation: $118,474
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hockley County School Employees Credit Union?

Hockley County School Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hockley County School Employees Credit Union

The Hockley County School Employees Credit Union serves as a cooperative entity, dedicated to offering financial services to its members. Acting as a thrift institution, this credit union is a vital part of the National Credit Union Administration Insurance Fund and is subject to regulations from both the State of Texas Credit Union Department and the National Credit Union Administration. The Credit Union's primary mission is to function as a provider of credit union financial services, catering to the financial needs of its members. By adhering to these guidelines, the Hockley County School Employees Credit Union plays a crucial role in the financial well-being of its members, offering them a range of financial services.

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Impact




October, 2024

Hockley County School Employees Credit Union plays a vital role in the financial well-being of its members by providing tailored financial services designed specifically for school employees in the Hockley County area. By functioning as a cooperative thrift institution, it fosters a community-oriented approach to banking, allowing members to access affordable loans, savings options, and other financial products.

The credit union’s commitment to serving its members fosters financial stability and growth within the local education community. With oversight by the State of Texas Credit Union Department and membership in the National Credit Union Administration Insurance Fund, members can trust in the safety and security of their deposits.

Additionally, Hockley County School Employees Credit Union understands the unique financial needs of educational professionals. By offering personalized service and competitive rates, it not only strengthens the financial standing of its members but also supports the broader economic health of Levelland, TX, benefiting the community as a whole.




This information is meant to be a general summary of Hockley County School Employees 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
$1,654,936 (2022)
Expenses
$1,419,293 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $201,270
  • Program Service Revenue: $1,428,858
  • Gross Receipts: $1,654,936

Assets and Liabilities:

  • Total Assets: $34,286,838
  • Total Liabilities: $29,955,619
  • Net Assets: $4,331,219

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Income from Loans

Revenue

$1,395,703

Fees

Revenue

$33,155

Organization Details

Founding Year

1954

Principal Officer

Russell Vest

Main Address

504 Clubview Drive, Levelland, TX, 79336

NTEE Category

Code: W60 - Public benefit

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