Credit Union Of Texas

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

EIN: 750225045 ✦ Allen, TX ✦ Designated as a 501(c)(14)

Overview

What is Credit Union Of Texas?

Credit Union of Texas is a leading financial institution based in Allen, Texas, with a US address at 900 W Bethany Drive 500. They offer a wide range of financial products to their members, including various consumer loans and leases on new and used automobiles, motorcycles, boats, recreational vehicles, and motor homes, as well as unsecured loans, credit cards, and automobile leases. Insurance programs are also available for these products. Additionally, they provide savings products such as shares, share drafts, money market accounts, CDs, and IRAs. Their mission is to be a trusted financial partner for their members and the community, striving to identify their needs and provide progressive solutions through competitive products and prices. With a workforce of 804 employees, Credit Union of Texas aims to help members reach their financial goals.


Official website here: www.cutx.org

Is Credit Union Of Texas legitimate?

Credit Union Of Texas is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Of Texas 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: $7,563,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,043,440

For more financial information, click here


Official website here: www.cutx.org

What is the mission statement of Credit Union Of Texas?

The Credit Union of Texas aims to serve as a trusted financial partner for its members. By identifying their financial needs, the credit union offers progressive solutions through competitive products and prices, enabling members to reach their financial goals. They provide various consumer loans and leases, including for automobiles, motorcycles, boats, recreational vehicles, and motor homes, as well as unsecured loans, credit cards, and automobile leases. Insurance programs are also available on these loan products. The mission of the credit union is to cater to the financial requirements of its members and deliver suitable solutions.


Official website here: www.cutx.org

Who is the CEO of Credit Union Of Texas?

Vance E Pointer is the Principal Officer of Credit Union Of Texas. The CEO's salary of Credit Union Of Texas is $1,500,646 and their total compensation is $2,035,075.


Official website here: www.cutx.org

What is the revenue of Credit Union Of Texas?

Credit Union Of Texas's revenue in 2022 was $136,553,125.


Official website here: www.cutx.org

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

The average compensation at Credit Union Of Texas during 2022 was $46,775. There are 804 employees and 10 volunteers at Credit Union Of Texas.

Here are 26 key members and their salaries (Credit Union Of Texas's CEO's salary is $1,500,646 and their total compensation is $2,035,075):

    Vance E Ponter (President And Ceo)
  • Compensation: $1,500,646
  • Related: $0
  • Other: $534,429

    • Blake Richardson (Executive Vp)
  • Compensation: $997,140
  • Related: $0
  • Other: $404,334

    • Angela M Faust (Svp Chief Operations Officer)
  • Compensation: $440,942
  • Related: $0
  • Other: $204,217

    • Michael Vining (Chief Information Officer)
  • Compensation: $307,740
  • Related: $0
  • Other: $151,260

    • Kerry J Whitson (Chief Financial Officer)
  • Compensation: $298,432
  • Related: $0
  • Other: $131,990

    • Courtney L Coss (Chief Retail Officer)
  • Compensation: $315,045
  • Related: $0
  • Other: $109,895

    • James W Post (Chief Operations Officer)
  • Compensation: $319,942
  • Related: $0
  • Other: $67,841

    • Edwin F Army (Chief Marketing/Engagement Officer)
  • Compensation: $348,622
  • Related: $0
  • Other: $29,985

    • Carrie B Hoagenson (Vp Consumer Lending)
  • Compensation: $321,361
  • Related: $0
  • Other: $48,117

    • Barry R Smith (President Eastern Texas)
  • Compensation: $286,975
  • Related: $0
  • Other: $54,450

    • Matthew E Stewart (Mortgage Loan Originator)
  • Compensation: $303,414
  • Related: $0
  • Other: $33,973

    • Adrian Melendez (Chief Technology Officer)
  • Compensation: $252,115
  • Related: $0
  • Other: $71,904

    • Rocky A Muniz-Gonzalez (Chief Investment Officer)
  • Compensation: $281,427
  • Related: $0
  • Other: $23,917

    • Christopher D Murphy (Vp Operational Risk)
  • Compensation: $257,739
  • Related: $0
  • Other: $31,322

    • Bill Beauchene (Vp Salesforce Strategy And Support)
  • Compensation: $232,704
  • Related: $0
  • Other: $43,064

    • Richard B Whitman (President Texas Mortgage Lending)
  • Compensation: $246,762
  • Related: $0
  • Other: $17,218

    • Janie Worst (Chairperson) [Trustee/Director]
  • Compensation: $52,775
  • Related: $0
  • Other: $0

    • Marelou M Cisneros (Bod Secretary) [Trustee/Director]
  • Compensation: $51,049
  • Related: $0
  • Other: $0

    • Anthony U Barber (Bod Member) [Trustee/Director]
  • Compensation: $48,868
  • Related: $0
  • Other: $0

    • Adrian Williams (Bod Member) [Trustee/Director]
  • Compensation: $48,000
  • Related: $0
  • Other: $0

    • Chris L White (Bod Member) [Trustee/Director]
  • Compensation: $47,107
  • Related: $0
  • Other: $0

    • Rafael C Diaz (Bod Treasurer) [Trustee/Director]
  • Compensation: $46,600
  • Related: $0
  • Other: $0

    • Randall Chaddick (Bod Member) [Trustee/Director]
  • Compensation: $46,250
  • Related: $0
  • Other: $0

    • Troy A Mathieu (Bod Vice Chairperson) [Trustee/Director]
  • Compensation: $45,963
  • Related: $0
  • Other: $0

    • Jerry D Christian (Bod Member) [Trustee/Director]
  • Compensation: $43,792
  • Related: $0
  • Other: $0

    • Brian Harvey (Bod Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cutx.org

    Where can I find the form 990 for Credit Union Of Texas?

    The Credit Union Of Texas’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cutx.org

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

    Mission Statement of Credit Union Of Texas

    Credit Union of Texas, a trusted financial partner for its members, strives to identify their needs and provide progressive solutions through a range of competitive financial products and prices. The institution offers various loans, including consumer loans for new and used automobiles, motorcycles, boats, recreational vehicles, and motor homes, as well as unsecured loans and credit cards, and automobile leases. Additionally, Credit Union of Texas provides insurance programs for these products.

    The mission of Credit Union of Texas is to be more than just a financial institution. It aspires to go beyond offering financial products by understanding its members' requirements and delivering tailored solutions. By providing competitive prices and diverse product offerings, the credit union enables its members to reach their financial goals effectively.

    Impact

    This information is meant to be a general summary of Credit Union Of Texas. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Credit Union of Texas serves as a trusted financial partner for its members and the community in Allen, TX. By offering a wide range of financial products including consumer loans, leases, real estate loans, and various savings products, the credit union enables its members to reach their financial goals. Through its mission to identify and meet the needs of its members, Credit Union of Texas contributes to the economic well-being of the community by providing competitive products and prices. The credit union's impact extends beyond just financial services, as it plays a vital role in supporting individuals and businesses in achieving their financial objectives.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $949,968
  • Program Service Revenue: $128,899,423
  • Gross Receipts: $136,597,768

    • Assets and Liabilities:
  • Total Assets: $2,425,361,703
  • Total Liabilities: $2,245,930,917
  • Net Assets: $179,430,786
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $79,496,247

    MEMBERS FEES & CHARGES

    Revenue

    $18,662,875

    SERVICE REIMBURSEMENT

    Revenue

    $13,668,158

    ATM/DEBIT INCOME

    Revenue

    $9,824,374

    INSURANCE PRODUCTS

    Revenue

    $7,151,688

    Organization Details

    Founding Year

    1931

    Principal Officer

    Vance E Pointer

    Main Address

    900 W BETHANY DRIVE 500, ALLEN, TX, 75013

    NTEE Category

    Code: W60 - Public benefit

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