My Credit Union

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

EIN: 751518680 ✦ Haslet, TX ✦ Designated as a 501(c)(14)

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Overview

What is My Credit Union?

My Credit Union is a state-chartered credit union, headquartered in Watauga, Texas. Their primary objective is to offer affordable and competitive financial services tailored to their members' needs, ultimately contributing to their financial stability. As a dedicated credit union, My Credit Union is committed to delivering exceptional services to its members.


Official website here: www.mycutx.com

Is My Credit Union legitimate?

My Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. My 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: $93,463
Professional Fundraising Fees: $0
Other Salaries and Wages: $781,607

For more financial information, click here


Official website here: www.mycutx.com

What is the mission statement of My Credit Union?

My Credit Union's mission is centered around providing affordable, high-quality financial services that cater to its members' needs, ultimately assisting them in achieving financial stability. The credit union aims to operate as a state-chartered institution, consistently delivering exceptional service to its members. While the specific location of My Credit Union is Watauga, TX, this detail is not essential to understanding its mission.


Official website here: www.mycutx.com

Who is the CEO of My Credit Union?

Ryan Smith is the Manager of My Credit Union.


Official website here: www.mycutx.com

What is the revenue of My Credit Union?

My Credit Union's revenue in 2022 was $2,959,002.


Official website here: www.mycutx.com

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

The average compensation at My Credit Union during 2022 was $31,252. There are 28 employees at My Credit Union.


Here are 6 key members and their salaries:


Sharon Bailey (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Bober (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Jackman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Tarno (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Smith (Manager)
  • Compensation: $100,000
  • Related: $0
  • Other: $0


Official website here: www.mycutx.com

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

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


Official website here: www.mycutx.com

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

Mission Statement of My Credit Union

My Credit Union, as a state-chartered entity, is committed to providing its members with affordable and competitive financial services. Their primary mission is to assist their members in attaining financial stability. As a credit union, My Credit Union's focus is on delivering exceptional services to its members, acting as a dedicated and reliable financial partner.

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Impact




October, 2024

My Credit Union has a significant impact on the financial well-being of its members and the community in Haslet, TX. By providing competitive and low-cost financial services, it empowers individuals and families to achieve their financial goals. Members have access to a range of offerings tailored to their needs, which can help them save money, build credit, and secure loans.

The commitment to excellent service fosters strong relationships within the community, ensuring that members feel supported in their financial journeys. By focusing on their members' needs, My Credit Union not only promotes financial security but also contributes to the overall economic health of the area. This focus on personalized support and member satisfaction helps to cultivate a thriving financial ecosystem, enhancing the quality of life for residents in Watauga and beyond.




This information is meant to be a general summary of My 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
$2,959,002 (2022)
Expenses
$2,525,453 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $233,335
  • Program Service Revenue: $2,725,667
  • Gross Receipts: $2,959,002

Assets and Liabilities:

  • Total Assets: $57,846,660
  • Total Liabilities: $53,221,285
  • Net Assets: $4,625,375

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Programs

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

Loan Interest Income

Revenue

$1,415,171

Fee Income

Revenue

$776,464

Misc Operating

Revenue

$77,911

Administrative Income

Revenue

$456,121

Organization Details

Founding Year

1975

Principal Officer

Ryan Smith

Main Address

13016 Highway 287, Haslet, TX, 76052

NTEE Category

Code: W60 - Public benefit

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