Overview
What is Navarro Credit Union?
Navarro Credit Union is a financial institution that serves as a credit union, offering its services primarily to its 716 members/owners as of December 31, 2022. This nonprofit organization provides various financial services, including loans for different types of vehicles, recreational equipment, and various miscellaneous items. In addition, Navarro Credit Union offers share accounts to individuals of all ages, and it pays dividends to its members quarterly. The credit union is dedicated to its members' financial well-being, strengthening their financial standing through its loan and savings options.
Is Navarro Credit Union legitimate?
Navarro Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Navarro 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: $51,082
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Navarro Credit Union?
Navarro Credit Union is dedicated to providing credit union financial services. They offer loans for various purposes such as vehicles, recreational equipment, and miscellaneous items. Apart from loans, they also provide share accounts to individuals of all ages. The credit union pays dividends to its members quarterly. As of December 31, 2022, Navarro Credit Union had 716 members/owners with share accounts. In essence, Navarro Credit Union serves its members by offering financial services, providing loan options, and offering share accounts with regular dividends.
Who is the CEO of Navarro Credit Union?
Shirley L Colbert is the Board Chairman of Navarro Credit Union.
What is the revenue of Navarro Credit Union?
Navarro Credit Union's revenue in 2022 was $87,071.
Who are the executives of Navarro Credit Union and what are their salaries?
The average compensation at Navarro Credit Union during 2022 was $25,541. There are 2 employees and 12 volunteers at Navarro Credit Union.
Here are 9 key members and their salaries:
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- Compensation: $43,835
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- Compensation: $7,247
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Where can I find the form 990 for Navarro Credit Union?
Navarro Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Navarro Credit Union
Navarro Credit Union, as a financial institution, is committed to providing credit union financial services. Its mission is multifaceted, encompassing the offering of various loans for vehicles, recreational equipment, and miscellaneous items. Furthermore, the credit union extends share accounts to individuals of all ages, and it consistently pays dividends to its members quarterly. As of December 31, 2022, Navarro Credit Union boasts 716 members/owners with active share accounts. This indicates a dedication to its members' financial wellbeing and growth, offering them accessible and beneficial financial services.
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Impact
October, 2024
Navarro Credit Union plays a significant role in the Corsicana community by providing essential financial services to its members. Through its diverse offerings, including loans for vehicles, recreational equipment, and other items, it empowers individuals and families to make critical purchases that enhance their quality of life. Additionally, the credit union offers share accounts suitable for members of all ages, ensuring that savings and financial growth opportunities are accessible to the entire community.
With a membership base of 716 as of December 31, 2022, Navarro Credit Union not only contributes to the financial well-being of its members but also fosters a sense of community ownership and participation. By paying dividends quarterly on share accounts, it incentivizes savings and helps members grow their wealth. This focus on member benefit and community engagement positions Navarro Credit Union as a vital resource that enhances the overall economic vibrancy of Corsicana, Texas.
This information is meant to be a general summary of Navarro 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: $23,284
- Program Service Revenue: $60,827
- Gross Receipts: $87,071
Assets and Liabilities:
- Total Assets: $3,302,358
- Total Liabilities: $8,665
- Net Assets: $3,293,693
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Making
Organization Details
Founding Year
1953
Phone
(903) 872-2291Principal Officer
Shirley L Colbert
Main Address
317 W 3rd AVE Ste BLDG B, Corsicana, TX, 75110
NTEE Category
Code: W60 - Public benefit
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