Mesquite Credit Union

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

EIN: 756068277 ✦ Mesquite, TX ✦ Designated as a 501(c)(14)

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Overview

What is Mesquite Credit Union?

Mesquite Credit Union, located in Mesquite, Texas, serves its members with a range of financial services. Established as a Thrift Institution, it is part of the National Credit Union Administration. As of December 31, 2016, the Credit Union had 3974 member-owned share accounts. Members can manage their finances conveniently through internet banking, ATMs, and various types of loans, including home loans and equity loans. The Credit Union maintains a workforce of 11 employees, dedicated to providing its services.

Is Mesquite Credit Union legitimate?

Mesquite Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mesquite 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: $167,069
Professional Fundraising Fees: $0
Other Salaries and Wages: $358,310

For more financial information, click here

What is the mission statement of Mesquite Credit Union?

Mesquite Credit Union, being a Thrift Institution and a member of the National Credit Union Administration, is committed to providing beneficial share accounts to its members of all ages. The Credit Union offers its services through various channels such as internet banking, ATMs, and home loans. While the provided information does not detail an explicitly stated mission statement, it implies that Mesquite Credit Union prioritizes offering financial services and benefits to its member-owners.

Who is the CEO of Mesquite Credit Union?

Raul Buentello is the Principal Officer of Mesquite Credit Union. The CEO's salary of Mesquite Credit Union is $167,069 and their total compensation is $167,069.

What is the revenue of Mesquite Credit Union?

Mesquite Credit Union's revenue in 2022 was $1,564,209.

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

The average compensation at Mesquite Credit Union during 2022 was $47,762. There are 11 employees and 7 volunteers at Mesquite Credit Union.


Here are 8 key members and their salaries (Mesquite Credit Union's CEO's salary is $167,069 and their total compensation is $167,069):


Brenda Reames (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Orr (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Lambeth (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Smith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Metzger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Selket Daese (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Connell (Ceo)
  • Compensation: $167,069
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mesquite Credit Union?

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

Mission Statement of Mesquite Credit Union

Mesquite Credit Union, as a thrift institution and a member of the National Credit Union Administration, serves its members with various financial advantages. Its mission, in essence, revolves around providing member-owned share accounts, ensuring that individuals of all ages can benefit from its services. The Credit Union offers various banking options, such as online banking, ATMs, and a range of loans, including home loans and equity loans, both secured and unsecured. By doing so, Mesquite Credit Union aims to meet the diverse financial needs of its members, fostering financial well-being within its community.

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Impact




October, 2024

Mesquite Credit Union plays a significant role in enhancing the financial well-being of its members and the broader community in Mesquite, Texas. By providing accessible banking services and a range of financial products, including home banking, ATMs, and various loan options, it empowers individuals and families to manage their finances effectively. As of December 31, 2016, the Credit Union had nearly 4,000 member-owned share accounts, indicating a strong commitment to serving its members across different age groups and financial needs.

The institution operates under the guidance of the National Credit Union Administration, ensuring that it adheres to regulations designed to protect its members. This commitment to member safety and financial literacy further bolsters the impact of Mesquite Credit Union, fostering a sense of community and trust among its members. By prioritizing public benefit, it promotes financial inclusion, making banking services more accessible and affordable for residents of Mesquite. This, in turn, contributes to the overall economic stability and growth of the local community.




This information is meant to be a general summary of Mesquite 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
$1,564,209 (2022)
Expenses
$1,300,751 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $146,232
  • Program Service Revenue: $1,417,977
  • Gross Receipts: $1,564,209

Assets and Liabilities:

  • Total Assets: $40,990,648
  • Total Liabilities: $37,751,100
  • Net Assets: $3,239,548

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Programs

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

Loan Interest

Revenue

$844,291

Fee Income

Revenue

$324,097

Other Income

Revenue

$249,589

Organization Details

Founding Year

1968

Principal Officer

Raul Buentello

Main Address

1510 N Galloway Ave, Mesquite, TX, 75149

NTEE Category

Code: W60 - Public benefit

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