Cen-Tex Manufacturing Credit Union

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

EIN: 751679844 ✦ Brownwood, TX ✦ Designated as a 501(c)(14)

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Overview

What is Cen-Tex Manufacturing Credit Union?

Cen-Tex Manufacturing Credit Union is a cooperative institution based in Brownwood, Texas, with a postal address of PO Box 1452. This nonprofit organization primarily focuses on providing credit union services, including savings accounts, checking accounts, and consumer loans. With a modest workforce of four employees, Cen-Tex Manufacturing Credit Union contributes to the financial needs of its members by offering dividend-paying share accounts on a quarterly basis.


Official website here: www.centexmfgcu.com

Is Cen-Tex Manufacturing Credit Union legitimate?

Cen-Tex Manufacturing Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cen-Tex Manufacturing 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: $209,753

For more financial information, click here


Official website here: www.centexmfgcu.com

What is the mission statement of Cen-Tex Manufacturing Credit Union?

Cen-Tex Manufacturing Credit Union serves as a cooperative provider of credit union services, offering savings accounts, checking accounts, and consumer loans to its members. Its mission, as stated, is to provide these financial services to its members. The credit union operates on a cooperative model, where member share accounts earn dividends quarterly.


Official website here: www.centexmfgcu.com

Who is the CEO of Cen-Tex Manufacturing Credit Union?

Blaine Daniel is the Treasurer of Cen-Tex Manufacturing Credit Union.


Official website here: www.centexmfgcu.com

What is the revenue of Cen-Tex Manufacturing Credit Union?

Cen-Tex Manufacturing Credit Union's revenue in 2022 was $849,699.


Official website here: www.centexmfgcu.com

Who are the executives of Cen-Tex Manufacturing Credit Union and what are their salaries?

The average compensation at Cen-Tex Manufacturing Credit Union during 2022 was $52,438. There are 4 employees at Cen-Tex Manufacturing Credit Union.


Here are 7 key members and their salaries:


Dan Garza (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blaine Daniel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Griffin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Callihan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dona Delso (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Swenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Sutton (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.centexmfgcu.com

Where can I find the form 990 for Cen-Tex Manufacturing Credit Union?

Cen-Tex Manufacturing Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.centexmfgcu.com

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

Mission Statement of Cen-Tex Manufacturing Credit Union

Cen-Tex Manufacturing Credit Union, as a cooperative entity, is dedicated to providing essential credit union services to its members. Its mission encompasses offering savings accounts, checking accounts, and consumer loans. This financial institution operates on a cooperative basis, ensuring that its members reap the benefits of their collective savings through quarterly dividends on share accounts. In simpler terms, Cen-Tex Manufacturing Credit Union serves as a reliable financial partner to its members, providing them with a variety of banking services and returning a portion of their savings through dividends on share accounts.

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Impact




October, 2024

Cen-Tex Manufacturing Credit Union makes a significant impact by providing essential financial services to its members in Brownwood, TX. It offers a range of cooperative financial products, including savings accounts, checking accounts, and consumer loans. The credit union prioritizes member engagement by ensuring that share accounts pay dividends quarterly, fostering a sense of community and trust among its members. By focusing on the financial well-being of individuals and families, Cen-Tex contributes to the public benefit and enhances the economic stability of the region.




This information is meant to be a general summary of Cen-Tex Manufacturing 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
$849,699 (2022)
Expenses
$662,955 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,831
  • Program Service Revenue: $820,868
  • Gross Receipts: $849,699

Assets and Liabilities:

  • Total Assets: $14,091,089
  • Total Liabilities: $11,419,205
  • Net Assets: $2,671,884

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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

$663,262

MEMBER FEES AND CHARGES

Revenue

$133,462

MISCELLANEOUS

Revenue

$24,144

Organization Details

Founding Year

1979

Principal Officer

Blaine Daniel

Main Address

PO BOX 1452, BROWNWOOD, TX, 76804

NTEE Category

Code: W60 - Public benefit

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