Overview
What is Mtcu?
Mtcu, based in Midland, Texas, is a cooperative thrift institution that prioritizes the needs of its member-owners. Regulated by both the State of Texas Credit Union Department and the National Credit Union Administration, Mtcu offers a variety of financial services, including share and checking accounts, consumer loans, and real estate loans. The organization is committed to delivering personalized, courteous, and professional service, ensuring efficient and caring management practices. Mtcu has a strong focus on savings, boasting 7,627 member-owned accounts as of December 31, 2022. Members can enjoy monthly dividends and access their accounts through three local branches, online banking, or ATMs worldwide. Special savings accounts are tailored for children and teenagers, fostering the development of consistent savings habits. With a staff of 44 employees, Mtcu remains dedicated to supporting its member-owners in a diverse range of financial matters.
Official website here: www.mtcu.org
Is Mtcu legitimate?
Mtcu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mtcu 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: $679,058
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,772,441
For more financial information, click here
Official website here: www.mtcu.org
What is the mission statement of Mtcu?
MTCU, as a cooperative thrift institution, is committed to serving its member-owners by offering a range of products and services, including share and checking accounts, consumer loans, and real estate loans. The organization is regulated by both the State of Texas Credit Union Department and the National Credit Union Administration, ensuring its operations are transparent and secure. MTCU is dedicated to providing personal, courteous, and professional service in an efficient and caring manner. The institution aims to meet the diverse needs of its members through sound management practices. In essence, MTCU's mission is to cater to its members with a wide array of financial services, while maintaining a high standard of service and adhering to responsible management principles.
Official website here: www.mtcu.org
Who is the CEO of Mtcu?
Jana Haney is the President of Mtcu.
Official website here: www.mtcu.org
What is the revenue of Mtcu?
Mtcu's revenue in 2022 was $8,352,706.
Official website here: www.mtcu.org
Who are the executives of Mtcu and what are their salaries?
The average compensation at Mtcu during 2022 was $55,716. There are 44 employees and 7 volunteers at Mtcu.
Here are 12 key members and their salaries:
- Compensation: $264,243
- Related: $0
- Other: $49,472
- Compensation: $167,272
- Related: $0
- Other: $25,176
- Compensation: $137,924
- Related: $0
- Other: $34,971
- Compensation: $122,775
- Related: $0
- Other: $32,350
- Compensation: $118,312
- Related: $0
- Other: $29,316
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mtcu.org
Where can I find the form 990 for Mtcu?
Mtcu's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtcu.org
Learn more at the official website: www.mtcu.org
Mission Statement of Mtcu
MTCU, a cooperative thrift institution, is committed to serving its member-owners effectively. Regulated by both the State of Texas Credit Union Department and the National Credit Union Administration, MTCU operates under the National Credit Union Association Insurance Fund. The organization offers a wide range of products and services, primarily focusing on share and checking accounts, consumer loans, and real estate loans. MTCU's dedication extends beyond financial services, as it is committed to providing personal, courteous, and professional service in an efficient and caring manner. The organization strives to meet the diverse needs of its members through sound management practices, ensuring that each member receives the attention and support they deserve.
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Impact
October, 2024
Mtcu significantly impacts the community by providing accessible financial services tailored to the needs of its member-owners. With over 7,600 member-owned accounts, it plays a crucial role in promoting savings through share accounts that reward members with monthly dividends. The cooperative structure fosters a sense of ownership, where each member has a stake in the institution's success.
Additionally, Mtcu offers essential consumer and real estate loans, helping individuals secure necessary funding for various life events, from purchasing homes to managing everyday expenses. Its commitment to personal, courteous, and professional service ensures that members receive assistance that is not only efficient but also empathetic to their unique financial situations.
Furthermore, by encouraging consistent saving habits among youth through specialized accounts, Mtcu lays the foundation for financial literacy and responsibility from an early age. The availability of resources like home banking and extensive ATM services enhances convenience, making it easier for members to manage their finances effectively.
Overall, Mtcu's dedication to sound management practices and its regulatory compliance guarantees a stable and secure environment for its members, fostering a financially informed and empowered community in Midland, TX.
This information is meant to be a general summary of Mtcu. 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: $1,069,630
- Program Service Revenue: $7,283,076
- Gross Receipts: $8,393,701
Assets and Liabilities:
- Total Assets: $148,244,519
- Total Liabilities: $138,601,479
- Net Assets: $9,643,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$4,213,499
FEE & CHARGES INCOME
Revenue
$1,954,653
OTHER INCOME
Revenue
$1,039,333
MASTERCARD INCOME
Revenue
$75,591
Organization Details
Founding Year
1955
Phone
(432) 688-7300Principal Officer
Jana Haney
Main Address
4717 N MIDKIFF, MIDLAND, TX, 79705
Website
www.mtcu.orgNTEE Category
Code: W60 - Public benefit
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