Overview
What is Westex Community Credit Union?
Westex Community Credit Union, established in Kermit, Texas, is a financial institution dedicated to serving its members. With a strong mission to provide competitive financial services, it offers a variety of loan products to cater to diverse needs. The credit union, housed at 200 East Austin, has a team of 56 dedicated individuals working tirelessly to ensure member satisfaction.
Is Westex Community Credit Union legitimate?
Westex Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Westex Community 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: $238,564
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,484,173
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What is the mission statement of Westex Community Credit Union?
Westex Community Credit Union is dedicated to serving its members by providing financial services at competitive prices. Their mission encompasses offering a variety of loan products at favorable rates. The credit union strives to meet the financial needs of its members in an effective manner.
Who is the CEO of Westex Community Credit Union?
Kenneth Arnold is the CEO of Westex Community Credit Union The CEO's salary of Westex Community Credit Union is $131,511 and their total compensation is $131,511.
What is the revenue of Westex Community Credit Union?
Westex Community Credit Union's revenue in 2024 was $13,196,566.
Who are the executives of Westex Community Credit Union and what are their salaries?
The average compensation at Westex Community Credit Union during 2024 was $40,638. There are 67 employees at Westex Community Credit Union.
Here are 9 key members and their salaries (Westex Community Credit Union's CEO's salary is $131,511 and their total compensation is $131,511):
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- Compensation: $131,511
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- Compensation: $107,053
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Where can I find the form 990 for Westex Community Credit Union?
Westex Community Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Westex Community Credit Union
Westex Community Credit Union, as a financial institution, is committed to serving its members by providing financial services at competitive prices. The mission of this credit union is centered around ensuring that its members have access to various loan products at reasonable rates. By doing so, Westex Community Credit Union aims to cater to the financial needs of its members in a fair and affordable manner. This mission is a testament to the credit union's dedication to its members, offering them financial solutions that promote financial stability and growth.
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Impact
October, 2024
Westex Community Credit Union has a significant impact on the Kermit, TX community by offering a range of financial services tailored to meet the needs of its members. With a mission focused on providing competitive-priced financial options, Westex Community facilitates access to various loan products, which empowers individuals and families to achieve their financial goals. By prioritizing affordable rates and personalized service, the credit union plays a crucial role in enhancing the economic well-being of its members, fostering community growth, and supporting local development efforts. This commitment to public benefit not only supports individual financial health but also strengthens the overall economic fabric of the area.
This information is meant to be a general summary of Westex Community 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 2024.
- Investment Income: $2,036,244
- Program Service Revenue: $10,777,694
- Gross Receipts: $13,196,566
Assets and Liabilities:
- Total Assets: $173,320,070
- Total Liabilities: $155,735,038
- Net Assets: $17,585,032
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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
$6,656,323
OTHER OPERATING INCOME
Revenue
$2,718,014
FEE INCOME
Revenue
$1,403,357
Organization Details
Founding Year
1961
Phone
(432) 586-6631Principal Officer
Kenneth Arnold
Main Address
200 E AUSTIN, KERMIT, TX, 79745
NTEE Category
Code: W60 - Public benefit
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