Overview
What is Intouch Credit Union?
Intouch Credit Union is a member-owned financial cooperative based in Plano, Texas, with a PO Box address at 250169, ZIP code 75025. The credit union offers lending and deposit services to its members and granted $315 million in loans and leases in 2022. As a cooperative, Intouch Credit Union is committed to serving its membership, and its activities include granting auto, real estate, and credit card loans, among others. With a workforce of 275 employees, the credit union continues to provide essential financial services to its members.
Official website here: www.itcu.org
What are the reviews and ratings of this charity?
Intouch Credit Union is not currently rated by Charity Navigator. This absence of a rating stems primarily from its classification, as Charity Navigator evaluates organizations registered under 501(c)(3) status, while Intouch Credit Union does not fall into this category. The lack of a rating does not imply a positive or negative standing but indicates insufficient data due to its classification.
With no historical ratings explicitly listed under Charity Navigator, there is limited publicly available financial information, such as revenue, expenses, or salaries of key personnel. This restriction highlights the challenge of evaluating organizations not registered as 501(c)(3) nonprofits using typical nonprofit assessment criteria.
The organization is noted as a subordinate in a group ruling, indicating a broader organizational structure beyond individual entity assessments. This could further complicate singular assessments typically captured in nonprofit ratings. No user reviews are available from GreatNonprofits, leaving additional community-based insights about the organization unknown.
This AI summary has been generated from information found on Charity Navigator.
Is Intouch Credit Union legitimate?
Intouch Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Intouch 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: $2,394,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,687,065
For more financial information, click here
Official website here: www.itcu.org
What is the mission statement of Intouch Credit Union?
Intouch Credit Union operates as a member-owned cooperative financial institution, dedicated to offering Lending and Deposit services to its membership. The primary mission of this credit union lies in providing financial assistance and resources to its members, facilitating their financial needs and goals. In 2022, the credit union granted an impressive $315 million in loans and leases to its membership base, underscoring its commitment to financial support. Beyond lending, the credit union aspires to maintain a strong community among its members, fostering financial growth and stability for all.
Official website here: www.itcu.org
Who is the CEO of Intouch Credit Union?
Kent L Lugrand is the President-Ceo of Intouch Credit Union. The CEO's salary of Intouch Credit Union is $986,272 and their total compensation is $986,272.
Official website here: www.itcu.org
What is the revenue of Intouch Credit Union?
Intouch Credit Union's revenue in 2022 was $47,406,759.
Official website here: www.itcu.org
Who are the executives of Intouch Credit Union and what are their salaries?
The average compensation at Intouch Credit Union during 2022 was $47,568. There are 275 employees and 15 volunteers at Intouch Credit Union.
Here are 23 key members and their salaries (Intouch Credit Union's CEO's salary is $986,272 and their total compensation is $986,272):
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- Compensation: $986,272
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- Compensation: $306,032
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- Compensation: $250,728
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- Compensation: $238,661
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- Other: $0
- Compensation: $246,406
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- Compensation: $223,612
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- Compensation: $190,535
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- Compensation: $163,830
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- Compensation: $146,859
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- Compensation: $141,724
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- Compensation: $132,495
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- Compensation: $125,998
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- Compensation: $119,362
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- Compensation: $105,143
- Related: $0
- Other: $0
Official website here: www.itcu.org
Where can I find the form 990 for Intouch Credit Union?
Intouch Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.itcu.org
Learn more at the official website: www.itcu.org
Mission Statement of Intouch Credit Union
Intouch Credit Union, a member-owned cooperative financial institution, is dedicated to offering Lending and Deposit services to its membership. This credit union plays a vital role in the financial lives of its members by granting various types of loans, including Auto and Real Estate loans, among others. In the year 2022 alone, Intouch Credit Union approved and disbursed an impressive $315 million in loans and leases to its valued members.
At the heart of Intouch Credit Union's mission lies its commitment to its members. By offering financial services, the credit union empowers individuals and families to meet their financial needs and goals. As a cooperative, the credit union operates on the principle of democratic control, with its members holding the power to make decisions that shape the organization's future. The institution's member-focused approach fosters a strong sense of community and trust, ensuring that each member receives personalized attention and support.
Intouch Credit Union's lending activities extend beyond just granting loans; they also come with the assurance of competitive rates and flexible terms. By providing access to affordable financing options, the credit union enables its members to make important purchases, invest in their future, and improve their overall financial well-being. The institution's dedication to its members and their financial success sets it apart as a trusted and reliable financial partner.
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Impact
October, 2024
Intouch Credit Union operates as a member-owned cooperative financial institution in Plano, Texas, delivering essential lending and deposit services to its community. In 2022, it significantly impacted its members by granting $315 million in loans and leases, facilitating opportunities for auto purchases, real estate investments, and more through various lending products such as auto, real estate, and credit card loans. By prioritizing the financial wellbeing of its members, Intouch Credit Union fosters economic growth and stability within the community, embodying its commitment to public benefit.
This information is meant to be a general summary of Intouch 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: $2,735,795
- Program Service Revenue: $43,261,067
- Gross Receipts: $59,823,843
Assets and Liabilities:
- Total Assets: $1,046,983,946
- Total Liabilities: $965,738,083
- Net Assets: $81,245,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Revenue
Revenue
$38,033,503
Service Delivery Income
Revenue
$3,519,531
Deposit Revenue
Revenue
$1,708,033
Organization Details
Founding Year
1974
Principal Officer
Kent L Lugrand
Main Address
PO BOX 250169, PLANO, TX, 750250169
Website
www.itcu.orgNTEE Category
Code: W60 - Public benefit
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