Overview
What is Ward County Credit Union?
Ward County Credit Union, based in Monahans, Texas, serves its members by providing various share accounts. These accounts, including savings accounts for individuals of all ages, offer monthly dividends and access through branch networks, online banking, and ATMs. The credit union also offers specialized savings accounts designed to foster consistent savings habits in children and teenagers. Established with the mission to promote thrift among its members and supply credit at reasonable rates, WCCU currently employs eight individuals.
Is Ward County Credit Union legitimate?
Ward County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ward County 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: $56,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ward County Credit Union?
Ward County Credit Union, established with the objective of fostering savings among its members, provides a reliable source of credit at reasonable interest rates. Through its share accounts, the credit union encourages savings among individuals of all ages, offering dividends monthly and various access options such as branch networks, online banking, and ATMs. The credit union also offers special savings accounts specifically designed to cultivate saving habits in children and teenagers.
Who is the CEO of Ward County Credit Union?
Kay Rankin-Swan is the Chairman of Ward County Credit Union. The CEO's salary of Ward County Credit Union is $56,802 and their total compensation is $56,802.
What is the revenue of Ward County Credit Union?
Ward County Credit Union's revenue in 2021 was $640,973.
Who are the executives of Ward County Credit Union and what are their salaries?
The average compensation at Ward County Credit Union during 2021 was $7,100. There are 8 employees at Ward County Credit Union.
Here are 8 key members and their salaries (Ward County Credit Union's CEO's salary is $56,802 and their total compensation is $56,802):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $56,802
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ward County Credit Union?
Ward County Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ward County Credit Union
Ward County Credit Union, established with a purpose, aims to foster savings among its members and provide them with a reliable source of credit at reasonable interest rates. By offering share accounts, this credit union encourages its members, regardless of age, to save regularly. These savings accounts not only pay dividends monthly but also offer convenience through various channels, including branch networks, online banking, and ATMs. Furthermore, Ward County Credit Union recognizes the importance of instilling financial responsibility in younger generations. Therefore, they have introduced special savings accounts specifically designed for children and teenagers to help them develop consistent savings habits.
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Impact
October, 2024
Ward County Credit Union (WCCU) plays a pivotal role in fostering financial well-being within the Monahans, TX community. By encouraging thrift among its members, WCCU provides a valuable platform for personal financial growth. Its share accounts cater to individuals of all ages, promoting consistent savings habits especially among children and teenagers who are introduced to the importance of saving at an early age.
Members benefit from monthly dividends on their savings, ensuring that their financial assets grow over time. Additionally, WCCU facilitates convenient access to funds through a network of branches, home banking options, and ATMs, making it easy for members to manage their finances.
By offering a reliable source of credit at fair and reasonable rates, WCCU not only supports its members in achieving their financial goals but also contributes to the overall economic stability of the community. Its commitment to public benefit underscores its impact as a cornerstone institution in the lives of its members.
This information is meant to be a general summary of Ward County 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 2021.
- Investment Income: $118,831
- Program Service Revenue: $458,695
- Gross Receipts: $640,973
Assets and Liabilities:
- Total Assets: $18,363,115
- Total Liabilities: $16,797,012
- Net Assets: $1,566,103
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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
$268,235
Fee Income
Revenue
$185,439
Loan Fee Income
Revenue
$5,021
Organization Details
Founding Year
1953
Phone
(432) 943-3445Principal Officer
Kay Rankin-Swan
Main Address
301 South Main, Monahans, TX, 79756
NTEE Category
Code: W60 - Public benefit
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