Keystone Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751212934 ✦ Tyler, TX ✦ Designated as a 501(c)(14)

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Overview

What is Keystone Credit Union?

Keystone Credit Union is a nonprofit institution based in Tyler, Texas. Its primary mission is to offer financial services to its members, providing them with loan options at reasonable rates and terms. They also offer savings accounts, including IRAs and share drafts, that yield favorable dividends. The credit union's activities extend beyond basic banking services, as it also provides financial assistance to members in need. With a staff of 18 dedicated individuals, Keystone Credit Union serves its members with a commitment to delivering quality financial services.


Official website here: www.keystonecu.com

Is Keystone Credit Union legitimate?

Keystone Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Keystone 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: $78,552
Professional Fundraising Fees: $0
Other Salaries and Wages: $460,438

For more financial information, click here


Official website here: www.keystonecu.com

What is the mission statement of Keystone Credit Union?

Keystone Credit Union's mission is centered around providing financial services to its members. It aims to offer checking and savings accounts, as well as loans for various purposes such as new and used cars, real estate, home equity, furniture, and unsecured loans, among others. The credit union strives to provide these financial services at fair and favorable rates and terms. Additionally, it offers savings accounts that pay competitive dividends, and provides financial assistance and rights to credit for its members.


Official website here: www.keystonecu.com

Who is the CEO of Keystone Credit Union?

Joseph Phillips is the Treasurer of Keystone Credit Union. The CEO's salary of Keystone Credit Union is $78,552 and their total compensation is $78,552.


Official website here: www.keystonecu.com

What is the revenue of Keystone Credit Union?

Keystone Credit Union's revenue in 2022 was $1,402,044.


Official website here: www.keystonecu.com

Who are the executives of Keystone Credit Union and what are their salaries?

The average compensation at Keystone Credit Union during 2022 was $29,944. There are 18 employees at Keystone Credit Union.


Here are 8 key members and their salaries (Keystone Credit Union's CEO's salary is $78,552 and their total compensation is $78,552):


Angela Powers (Manager / Ceo)
  • Compensation: $78,552
  • Related: $0
  • Other: $0
Barry B Patterson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Peterson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Prater (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Genevia M Bircher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don M Wilkerson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casiano S Bueno (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Phillips (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.keystonecu.com

Where can I find the form 990 for Keystone Credit Union?

Keystone Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.keystonecu.com

Learn more at the official website: www.keystonecu.com

Mission Statement of Keystone Credit Union

Keystone Credit Union is committed to providing financial services to its members. At its core, the credit union aims to offer checking and savings accounts to its members. Beyond this, Keystone Credit Union extends its services by offering loans for various purposes such as purchasing new or used cars, real estate, home equity, furniture, and even unsecured loans. The credit union's mission is not just about providing loans, but doing so at fair and favorable rates and terms. Additionally, Keystone Credit Union also offers savings accounts that pay favorable dividends, providing an attractive financial return for its members. Furthermore, the credit union is dedicated to providing financial assistance and rights to credit to its members, ensuring that they have the best possible financial services available to them.

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Impact




October, 2024

Keystone Credit Union plays a vital role in enhancing the financial well-being of its members in Tyler, TX, by providing essential financial services such as checking and savings accounts. With a mission focused on offering loans for various needs—including new and used cars, real estate, and unsecured personal loans—Keystone aims to meet the diverse financial requirements of its community.

By offering favorable rates and terms, Keystone ensures that members have access to affordable financial solutions, which promotes economic stability and growth within the community. The credit union also provides savings accounts, including shares, IRAs, and share drafts, that pay competitive dividends, encouraging individuals to save and invest in their futures.

In addition to traditional banking services, Keystone Credit Union offers financial assistance and guidance, empowering members with the knowledge and resources necessary to make informed financial decisions. This comprehensive approach to financial well-being not only supports individual members but also strengthens the broader community through responsible lending and saving practices.




This information is meant to be a general summary of Keystone 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.

Revenue
$1,402,044 (2022)
Expenses
$1,355,486 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $98,218
  • Program Service Revenue: $1,293,729
  • Gross Receipts: $1,402,044

Assets and Liabilities:

  • Total Assets: $40,019,761
  • Total Liabilities: $187,828
  • Net Assets: $39,831,933

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FEE INCOME

Revenue

$102,032

INTEREST ON LOANS

Revenue

$1,140,145

NCUA FEDERAL INSURANCE

Revenue

$2,000

OTHER OPERATING INCOME

Revenue

$6,684

SALE OF FIXED ASSETS

Revenue

$42,868

Organization Details

Founding Year

1990

Principal Officer

Joseph Phillips

Main Address

P O BOX 4970, TYLER, TX, 75712

NTEE Category

Code: W60 - Public benefit

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