Eecu

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

EIN: 750275915 ✦ Fort worth, TX ✦ Designated as a 501(c)(14)

Overview

What is Eecu?

Eecu is a credit union based in Fort Worth, Texas, with a workforce of 490 employees. Established under the Texas Credit Union Department and National Credit Union Administration laws, its primary mission is to foster savings among its members and offer affordable loans. The credit union prioritizes the economic improvement of its members by providing a wide range of financial products and services. As a member-owned financial institution, Eecu aims to build strong, long-term relationships, adhering to ethical principles, and contributing to the communities it serves.


Official website here: www.eecu.org

Is Eecu legitimate?

Eecu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Eecu 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: $8,491,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,492,931

For more financial information, click here


Official website here: www.eecu.org

What is the mission statement of Eecu?

Eecu is a member-owned financial institution that offers a range of competitive financial products and services to its members. Adhering to ethical principles, the credit union aims to promote thrift and enhance the financial well-being of its members. Its mission is to build long-lasting relationships through positive experiences, one interaction at a time. By providing financial services such as loans and savings deposits, Eecu strives to improve the economic condition of its members and contribute to the communities it serves.


Official website here: www.eecu.org

Who is the CEO of Eecu?

Lonnie Nicholson is the Chief Executive Officer of Eecu. The CEO's salary of Eecu is $2,235,034 and their total compensation is $2,268,560.


Official website here: www.eecu.org

What is the revenue of Eecu?

Eecu's revenue in 2022 was $152,279,110.


Official website here: www.eecu.org

Who are the executives of Eecu and what are their salaries?

The average compensation at Eecu during 2022 was $65,274. There are 490 employees at Eecu.

Here are 26 key members and their salaries (Eecu's CEO's salary is $2,235,034 and their total compensation is $2,268,560):

    Lonnie Nicholson (Chief Executive Officer)
  • Compensation: $2,235,034
  • Related: $0
  • Other: $33,526

    • Robert C Sanger (Executive Vice President)
  • Compensation: $1,612,148
  • Related: $0
  • Other: $52,831

    • Matt Kaudy (Chief Growth & Strategy Officer)
  • Compensation: $563,850
  • Related: $0
  • Other: $51,902

    • David Shurtz (Chief Risk Officer)
  • Compensation: $537,217
  • Related: $0
  • Other: $41,813

    • Tim Burch (Chief Information Officer)
  • Compensation: $506,792
  • Related: $0
  • Other: $30,191

    • Joe Rossa (Chief Credit Officer)
  • Compensation: $464,953
  • Related: $0
  • Other: $60,110

    • Bradley J Schone (Chief Financial Officer)
  • Compensation: $479,627
  • Related: $0
  • Other: $29,652

    • Robin Harris (Chief Operations Officer)
  • Compensation: $449,323
  • Related: $0
  • Other: $33,526

    • Paula Holcomb (Svp Of Human Resources)
  • Compensation: $396,429
  • Related: $0
  • Other: $31,851

    • Keith Spivey (Vice President Of Payment Systems)
  • Compensation: $349,954
  • Related: $0
  • Other: $47,563

    • Tim Grove (Vice President Of It)
  • Compensation: $340,434
  • Related: $0
  • Other: $56,652

    • Bryan Liles (Vice President Of Commercial Lending)
  • Compensation: $271,623
  • Related: $0
  • Other: $23,584

    • Scott Hounchell (President Tblg)
  • Compensation: $208,396
  • Related: $0
  • Other: $41,054

    • Leah Koke (Vice President Of Indirect Lending)
  • Compensation: $193,254
  • Related: $0
  • Other: $28,482

    • Tracey Breton (Avp Of Contact Center)
  • Compensation: $177,303
  • Related: $0
  • Other: $31,638

    • Mouli Gajapathy (Vp Of It Dev. & Implementations)
  • Compensation: $165,233
  • Related: $0
  • Other: $17,378

    • Nora Gonzales (Avp Of Retail Financial Centers)
  • Compensation: $160,645
  • Related: $0
  • Other: $5,674

    • Dr Rich Dear (Vice Chairman) [Trustee/Director]
  • Compensation: $11,163
  • Related: $0
  • Other: $0

    • Karel Rucker (Director)
  • Compensation: $10,785
  • Related: $0
  • Other: $0

    • Nikita Russell (Director)
  • Compensation: $10,704
  • Related: $0
  • Other: $0

    • Ben Davis (Director)
  • Compensation: $10,572
  • Related: $0
  • Other: $0

    • George Thompson (Chairman Of The Board) [Trustee/Director]
  • Compensation: $8,500
  • Related: $0
  • Other: $0

    • Dr Joe Bean (Secretary) [Trustee/Director]
  • Compensation: $8,500
  • Related: $0
  • Other: $0

    • Mauro Serrano (Director)
  • Compensation: $8,500
  • Related: $0
  • Other: $0

    • Frank Molinar (Director)
  • Compensation: $8,500
  • Related: $0
  • Other: $0

    • Johnny Largent (Director)
  • Compensation: $8,500
  • Related: $0
  • Other: $0


  • Official website here: www.eecu.org

    Where can I find the form 990 for Eecu?

    The Eecu’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.eecu.org

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

    Mission Statement of Eecu

    Eecu, the member-owned financial institution, is committed to enhancing the economic condition of its members by offering a diverse range of competitive financial products and services. The organization upholds ethical principles and sound management practices in all its dealings. Eecu's mission extends beyond just providing financial services; it aims to build long-lasting relationships with its members based on trust and dedication to the communities it serves. By promoting thrift and improving the financial well-being of its members, Eecu strives to make a positive impact on people's lives one experience at a time. Eecu's member-focused approach sets it apart as a financial institution that truly prioritizes the needs and goals of its clients, working in partnership with them to help them achieve financial stability and prosperity.

    Impact

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




    Thursday, August 15, 2024

    Eecu's impact can be seen in the improved financial well-being of its members. By providing fair and reasonable rates of interest on loans and encouraging thrift through savings deposits, Eecu helps its members to strengthen their economic condition. Additionally, Eecu's dedication to promoting thrift and building lifelong financial relationships in the communities it serves reflects its commitment to creating a positive impact on individuals and the society as a whole.





    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: $11,775,404
  • Program Service Revenue: $97,364,610
  • Gross Receipts: $152,279,110

    • Assets and Liabilities:
  • Total Assets: $3,447,892,476
  • Total Liabilities: $43,325,221
  • Net Assets: $3,404,567,255
  • Programs

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

    Loans

    Revenue

    $97,364,610

    Organization Details

    Founding Year

    1934

    Principal Officer

    Lonnie Nicholson

    Main Address

    1617 WEST 7TH STREET, FORT WORTH, TX, 76102

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Eecu and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.