Overview
What is Members Choice Credit Union?
Members Choice Credit Union, headquartered in Houston, Texas, is a member-owned cooperative and non-profit financial institution. With a workforce of 203 employees, the credit union operates as a thriving financial institution, offering plastic card services through debit and credit cards, multiple ATMs, and a nationwide network. As members, they enjoy fee-free transactions while generating income through network interchange fees. The credit union incurs expenses for ATM hosting costs and plastic card processing fees paid to third-party processors. Members Choice Credit Union was established to promote thrift among its members and provide them with credit at lower rates than other sources.
Official website here: www.mccu.com
Is Members Choice Credit Union legitimate?
Members Choice Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Choice 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,756,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,945,879
For more financial information, click here
Official website here: www.mccu.com
What is the mission statement of Members Choice Credit Union?
Members Choice Credit Union is a cooperative owned by its members, functioning as a non-profit financial institution. Its primary goal is to promote thrift and offer credit to members at lower rates than other sources. The credit union provides various plastic card services including debit cards, credit cards, access to multiple credit union-owned ATMs, and a connection to a nationwide ATM network. As cardholders, members enjoy fee-free transactions. The credit union generates income through network interchange income, while expenses consist of ATM hosting costs and plastic card processing fees paid to third-party processors.
Official website here: www.mccu.com
Who is the CEO of Members Choice Credit Union?
Keith Hryyak is the Director of Members Choice Credit Union. The CEO's salary of Members Choice Credit Union is $271,146 and their total compensation is $271,146.
Official website here: www.mccu.com
What is the revenue of Members Choice Credit Union?
Who are the executives of Members Choice Credit Union and what are their salaries?
The average compensation at Members Choice Credit Union during 2022 was $33,016. There are 203 employees and 12 volunteers at Members Choice Credit Union.
Here are 28 key members and their salaries (Members Choice Credit Union's CEO's salary is $271,146 and their total compensation is $271,146):
- Randy Theilig (Chief Financial Officer)
- Luke Anthony Billeri (Chief Executive Officer)
- Robin L Tooms (Chief Marketing Officer)
- Marina H Rivera (Chief Lending & Retail Experience Officer)
- Darrin Kirk Smith (Chief Information Officer)
- Robert Dalton Plocek (It Application Manager)
- Christina Evans (Chief Risk & Operations Officer)
- Timothy Michael Garrity (Cloud Infrastructure And Cyber Security Manag)
- Valerie A Carlson (Chief Financial Officer)
- Roseanna West (Vp Of Mortgage Origination)
- Jacqueline Segura (Vp Of Consumer Lending & Loan Exchange)
- Jessica Segura (Vp Of Retail Experience)
- Nathan Delmane Turner (Information Security Officer)
- Karen Nadine Gifford (Lead Programmer)
- Antoine Mario Hicks (Vp Of Retail Experience)
- Gabriela Luz Puente (Director Of Marketing)
- Elizabeth Cortes (Financial Analyst)
- Johnny Williams (Director)
- Gene Atteberry (Director)
- Ed Conner Jr (Director)
- Ron Julun (Director)
- Paul Withey (Director)
- Tonya Jordan (Director)
- Wilfred Krenek (Director)
- Avis Braggs (Director)
- Barbara Sheffield (Advisory Director)
- Rose James (Advisory Director)
- Reginal Loche (Advisory Director)
Official website here: www.mccu.com
Where can I find the form 990 for Members Choice Credit Union?
The Members Choice Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mccu.com
Learn more at the official website: www.mccu.com
Mission Statement of Members Choice Credit Union
Members Choice Credit Union, a cooperative owned by its members, functions as a non-profit financial institution. Its primary objective is to foster thrift and lend credit to members at rates lower than those offered by other sources. Through this mission, the credit union aims to provide valuable financial services to its members.
Members Choice Credit Union offers various plastic card services to its members, including debit cards, credit cards, access to multiple credit union-owned ATM machines, and entry to a nationwide ATM network. As cardholders, members enjoy fee-free transactions. The credit union generates income in the form of network interchange income. The expenses incurred include ATM hosting costs and plastic card processing expenses paid to third-party processors. By offering these services, Members Choice Credit Union demonstrates its commitment to its members' financial needs while maintaining a financially sustainable organization.
Impact
This information is meant to be a general summary of Members Choice Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Members Choice Credit Union's impact lies in its ability to empower its members through cooperative ownership, promoting thrift, and providing credit at lower rates than other sources. By offering plastic card services such as debit cards, credit cards, and access to a nationwide ATM network, the credit union enables its members to manage their finances efficiently and cost-effectively. Through fee-free transactions and income generation via network interchange, Members Choice Credit Union contributes to the financial well-being of its members while maintaining a sustainable operation model. This organization's commitment to public benefit through its cooperative structure sets it apart as a valuable resource for individuals seeking affordable financial services.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$27,103,917
PLASTIC CARD INCOME
Revenue
$2,939,543
FEES AND CHARGES
Revenue
$2,472,847
Organization Details
Founding Year
1941
Phone
(281) 754-1146
Principal Officer
Keith Hryyak
Main Address
18211 KATY FWY, HOUSTON, TX, 77094
Website
www.mccu.com
NTEE Category
Code: W60 - Public benefit
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