Prestige Community Credit Union

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

EIN: 756013707 ✦ Dallas, TX ✦ Designated as a 501(c)(14)

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Overview

What is Prestige Community Credit Union?

Prestige Community Credit Union, situated in Dallas, Texas, is a cooperative financial institution dedicated to serving its members. With a focus on fostering savings, retirement planning, and loan services, the credit union has a significant membership base of 13,915 individuals. As a member of the National Credit Union Administration, Prestige Community Credit Union operates under the ethos of a thrift institution, providing its members with a range of financial services.


Official website here: www.prestigecu.org

What do the Facebook reviews say about Prestige Community Credit Union?

92% of 31 reviewers on Facebook recommend Prestige Community Credit Union. Here is a summary of their reviews:

Many users appreciate the exceptional service provided by staff members, particularly highlighting the positive experience they have had with Jaime at the Knoll Trail location. Users express satisfaction with their banking experiences, noting that interactions feel welcoming and supportive.

Overall, it seems that the credit union is successfully meeting its customers' needs with personalized service and a friendly atmosphere. This has led to a strong recommendation rate among those who have shared their experiences.


This AI summary has been generated from reviews found on Facebook.

Is Prestige Community Credit Union legitimate?

Prestige Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Prestige Community 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: $220,948
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.prestigecu.org

What is the mission statement of Prestige Community Credit Union?

Prestige Community Credit Union, as a cooperative financial institution, is committed to providing various credit union services, including savings, retirement plans, and loans, to its members. The mission of Prestige CU can be summarized as offering financial assistance through its credit union services, serving as a cooperative provider in the financial sector. The credit union caters to diverse age groups, with 13,915 share accounts in its portfolio.


Official website here: www.prestigecu.org

Who is the CEO of Prestige Community Credit Union?

Sammy Shanafelt is the Ceo of Prestige Community Credit Union. The CEO's salary of Prestige Community Credit Union is $220,947 and their total compensation is $220,947.


Official website here: www.prestigecu.org

What is the revenue of Prestige Community Credit Union?

Prestige Community Credit Union's revenue in 2022 was $6,342,233.


Official website here: www.prestigecu.org

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

There 7 volunteers at Prestige Community Credit Union.


Here are 8 key members and their salaries (Prestige Community Credit Union's CEO's salary is $220,947 and their total compensation is $220,947):


Sammy Shanafelt (Ceo)
  • Compensation: $220,947
  • Related: $0
  • Other: $0
Jason Mauldin (Vice Chariman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Lane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ta Li (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Rotto (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bucky Pauling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prestigecu.org

Where can I find the form 990 for Prestige Community Credit Union?

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


Official website here: www.prestigecu.org

Learn more at the official website: www.prestigecu.org

Mission Statement of Prestige Community Credit Union

Prestige Community Credit Union, as a cooperative thrift institution, serves as a mission-driven provider of financial services to its members. In essence, the credit union's purpose is to offer saving, retirement services, and loans to its members, operating under the umbrella of the National Credit Union Administration. This mission is centered around the cooperative ethos, emphasizing the collective financial well-being of its members. With 13,915 share accounts, Prestige Community Credit Union demonstrates its commitment to providing financial services that cater to various age groups, fostering a sense of community and financial security among its members.

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Impact




October, 2024

Prestige Community Credit Union significantly impacts its community by providing accessible financial services that cater to a diverse membership base. With 13,915 share accounts, it offers a range of savings and retirement services, enhancing financial stability for its members. As a cooperative thrift institution, Prestige CU empowers individuals by facilitating loans and promoting financial literacy.

Located in Dallas, Texas, Prestige CU plays a vital role in its community's economic growth. By prioritizing the needs of its members, it fosters a sense of community and cooperation while ensuring that financial services are available to all age groups. The commitment to public benefit not only supports individual financial health but also contributes to the overall well-being of the community.




This information is meant to be a general summary of Prestige Community 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
$6,342,233 (2022)
Expenses
$5,437,105 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $167,217
  • Program Service Revenue: $6,175,016
  • Gross Receipts: $6,342,233

Assets and Liabilities:

  • Total Assets: $128,044,460
  • Total Liabilities: $117,297,452
  • Net Assets: $10,747,008

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Programs

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

Loan Interest

Revenue

$4,330,899

Member Fees

Revenue

$1,315,238

Other Operating Income

Revenue

$528,879

Organization Details

Founding Year

1936

Principal Officer

Sammy Shanafelt

Main Address

15203 Knoll Trail Suite 101, Dallas, TX, 75248

NTEE Category

Code: W60 - Public benefit

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