Overview
What is Lone Star Credit Union?
Lone Star Credit Union is a nonprofit financial institution located at 7508 Ferguson Road, Dallas, Texas 75228. With a team of 46 dedicated individuals, their primary mission is to serve the financial needs of their community members. They offer a variety of services, including consumer loans, checking accounts, and share savings accounts. The credit union is committed to providing financial assistance within its community charter field of membership.
Official website here: www.lonestarcu.org
What do the Facebook reviews say about Lone Star Credit Union?
82% of 7 reviewers on Facebook recommend Lone Star Credit Union. Here is a summary of their reviews:
The feedback highlights a mix of customer experiences, with some expressing dissatisfaction regarding communication and service issues. One individual shared their frustration over having their debit card declined without prior notification, leading to significant inconvenience while away from home. This particular situation emphasized a lack of effective communication regarding account changes, leaving the member feeling unsupported and ultimately leading them to switch to another institution.
While the negative experiences stand out, there are indications that other members may have had more positive interactions, though specifics weren’t detailed in the available reviews. Overall, potential customers might want to consider the mixed reviews and prepare for possible issues related to communication and card management when choosing to engage with Lone Star Credit Union.
This AI summary has been generated from reviews found on Facebook.
Is Lone Star Credit Union legitimate?
Lone Star Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lone Star 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: $792,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,818,905
For more financial information, click here
Official website here: www.lonestarcu.org
What is the mission statement of Lone Star Credit Union?
Lone Star Credit Union is committed to providing financial services to its community membership. This non-profit organization offers a range of financial products, such as consumer loans, checking accounts, and share savings accounts. Their mission is centered around serving the needs of their members within their specified charter area. The aim is to contribute positively to the financial well-being of their community members.
Official website here: www.lonestarcu.org
Who is the CEO of Lone Star Credit Union?
Rebecca A Reed is the Principal Officer of Lone Star Credit Union. The CEO's salary of Lone Star Credit Union is $237,962 and their total compensation is $262,210.
Official website here: www.lonestarcu.org
What is the revenue of Lone Star Credit Union?
Lone Star Credit Union's revenue in 2022 was $9,474,313.
Official website here: www.lonestarcu.org
Who are the executives of Lone Star Credit Union and what are their salaries?
The average compensation at Lone Star Credit Union during 2022 was $56,770. There are 46 employees and 7 volunteers at Lone Star Credit Union.
Here are 11 key members and their salaries (Lone Star Credit Union's CEO's salary is $237,962 and their total compensation is $262,210):
- 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
- Compensation: $237,962
- Related: $0
- Other: $24,248
- Compensation: $154,429
- Related: $0
- Other: $15,851
- Compensation: $163,352
- Related: $0
- Other: $21,173
- Compensation: $156,734
- Related: $0
- Other: $18,762
Official website here: www.lonestarcu.org
Where can I find the form 990 for Lone Star Credit Union?
Lone Star Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lonestarcu.org
Learn more at the official website: www.lonestarcu.org
Mission Statement of Lone Star Credit Union
Lone Star Credit Union, as a financial institution, is dedicated to providing financial services for its members within its community charter field of membership. In simpler terms, the credit union's mission is to cater to the financial needs of its members, offering services such as consumer loans, checking accounts, and share savings accounts. This commitment to serving its community members is at the heart of Lone Star Credit Union's operations and reflects its dedication to empowering its members financially.
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Impact
October, 2024
Lone Star Credit Union significantly impacts the Dallas community by offering essential financial services tailored to the needs of its members. By providing consumer loans, checking accounts, and share savings accounts, it empowers individuals and families to manage their finances effectively. This accessibility helps enhance financial literacy and stability among members, fostering a stronger economic environment within the community. The credit union’s focus on serving its members ensures that local residents have the support they need to achieve their financial goals, ultimately contributing to the overall well-being of the Dallas area.
This information is meant to be a general summary of Lone Star 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: $1,579,055
- Program Service Revenue: $7,895,258
- Gross Receipts: $9,654,313
Assets and Liabilities:
- Total Assets: $163,532,134
- Total Liabilities: $150,746,664
- Net Assets: $12,785,470
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$4,972,605
FEE INCOME
Revenue
$2,898,710
FINANCE AND INSURANCE
Revenue
$23,943
Organization Details
Founding Year
1967
Phone
(214) 327-9367Principal Officer
Rebecca A Reed
Main Address
7508 FERGUSON RD, DALLAS, TX, 75228
Website
www.lonestarcu.orgNTEE Category
Code: W60 - Public benefit
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