Overview
What is The Electric Utilities Credit Union?
The Electric Utilities Credit Union, located in Big Spring, Texas, is a cooperative institution with a mission to offer credit union services. This includes savings accounts, checking accounts, and consumer loans to its members. As a credit union, it operates as a nonprofit organization, and it employs a modest team of two individuals. The credit union pays dividends to its members quarterly, signifying its commitment to financial inclusion and growth for its members.
Official website here: www.teucu.org
Is The Electric Utilities Credit Union legitimate?
The Electric Utilities Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Electric Utilities 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: $70,225
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Official website here: www.teucu.org
What is the mission statement of The Electric Utilities Credit Union?
The Electric Utilities Credit Union serves as a cooperative provider of credit union services, offering savings accounts, checking accounts, and consumer loans to its members. Its mission, in essence, is to provide these financial services. Notably, the credit union pays dividends on member share accounts quarterly. In simpler terms, The Electric Utilities Credit Union exists to assist its members with their financial needs, offering various financial products and periodically rewarding its members with dividends on their savings accounts.
Official website here: www.teucu.org
Who is the CEO of The Electric Utilities Credit Union?
Laura Martin is the Secretary of The Electric Utilities Credit Union.
Official website here: www.teucu.org
What is the revenue of The Electric Utilities Credit Union?
The Electric Utilities Credit Union's revenue in 2022 was $198,356.
Official website here: www.teucu.org
Who are the executives of The Electric Utilities Credit Union and what are their salaries?
The average compensation at The Electric Utilities Credit Union during 2022 was $35,112. There are 2 employees at The Electric Utilities Credit Union.
Here are 5 key members and their salaries:
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Official website here: www.teucu.org
Where can I find the form 990 for The Electric Utilities Credit Union?
The Electric Utilities Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teucu.org
Learn more at the official website: www.teucu.org
Mission Statement of The Electric Utilities Credit Union
The Electric Utilities Credit Union, as a cooperative, is dedicated to providing a variety of credit union services. Its mission encompasses offering savings accounts, checking accounts, and consumer loans to its members. This financial institution operates under a cooperative structure, where its members share in its success by earning dividends on their savings accounts on a quarterly basis. The Electric Utilities Credit Union's mission is primarily focused on serving its members financially, ensuring they have access to essential credit union services.
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Impact
October, 2024
The Electric Utilities Credit Union plays a crucial role in supporting its community by offering accessible financial services that empower its members. Based in Big Spring, TX, it provides cooperative credit union services such as savings accounts, checking accounts, and consumer loans.
Through its member share accounts, the credit union facilitates personal savings by paying dividends quarterly, helping members grow their financial resources. The services offered help to foster financial stability and support local economic development. By prioritizing the needs of its members, The Electric Utilities Credit Union contributes to the well-being of individuals and families, enhancing their overall financial literacy and security. Its commitment to affordable banking options ensures that everyone in the community has the opportunity to achieve their financial goals.
This information is meant to be a general summary of The Electric Utilities 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: $80,744
- Program Service Revenue: $117,612
- Gross Receipts: $198,356
Assets and Liabilities:
- Total Assets: $7,232,663
- Total Liabilities: $6,397,448
- Net Assets: $835,215
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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
$88,741
MEMBER FEES AND CHARGES
Revenue
$16,023
MISCELLANEOUS INCOME
Revenue
$12,848
Organization Details
Founding Year
1950
Phone
(432) 263-3442Principal Officer
Laura Martin
Main Address
2002 BIRDWELL LANE, BIG SPRING, TX, 79720
Website
www.teucu.orgNTEE Category
Code: W60 - Public benefit
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