Texas Trust Credit Union

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

EIN: 750763606 ✦ Arlington, TX ✦ Designated as a 501(c)(14)

Overview

What is Texas Trust Credit Union?

Texas Trust Credit Union is a nonprofit financial cooperative based in Arlington, Texas. With a team of 417 employees, they offer a lifetime of customized financial services to their restricted membership. The union derives its funding from the credit union membership and the investment of members' funds. Its mission is to maintain a financially robust cooperative while catering to the evolving financial needs of its members.


Official website here: www.texastrustcu.org

Is Texas Trust Credit Union legitimate?

Texas Trust Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Texas Trust 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: $2,542,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,066,142

For more financial information, click here


Official website here: www.texastrustcu.org

What is the mission statement of Texas Trust Credit Union?

Texas Trust Credit Union is dedicated to serving its members by offering them a lifetime of financial services. The organization prides itself on adjusting these services to meet the unique needs of each member, while maintaining a financially robust cooperative. The foundation of Texas Trust Credit Union's operations comes from the income generated through membership and the investment of members' funds. This financial stability enables the cooperative to provide a full range of services to its restricted membership.


Official website here: www.texastrustcu.org

Who is the CEO of Texas Trust Credit Union?

James Minge is the Director of Texas Trust Credit Union. The CEO's salary of Texas Trust Credit Union is $865,140 and their total compensation is $930,640.


Official website here: www.texastrustcu.org

What is the revenue of Texas Trust Credit Union?

Texas Trust Credit Union's revenue in 2022 was $83,493,624.


Official website here: www.texastrustcu.org

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

The average compensation at Texas Trust Credit Union during 2022 was $56,615. There are 417 employees and 13 volunteers at Texas Trust Credit Union.

Here are 23 key members and their salaries (Texas Trust Credit Union's CEO's salary is $865,140 and their total compensation is $930,640):

    James Minge (Ceo)
  • Compensation: $865,140
  • Related: $0
  • Other: $65,500

    • William Kelsey (President)
  • Compensation: $454,035
  • Related: $0
  • Other: $70,978

    • Peggy Esparza (Cfo)
  • Compensation: $315,436
  • Related: $0
  • Other: $50,960

    • Ronnie Smith Jr (Cgo)
  • Compensation: $313,435
  • Related: $0
  • Other: $52,749

    • Danny Tabraham (Svp Mortgage Business Services)
  • Compensation: $307,747
  • Related: $0
  • Other: $48,386

    • David Turner (Cio)
  • Compensation: $332,824
  • Related: $0
  • Other: $21,265

    • Leann Santiago (Svp Retail Delivery)
  • Compensation: $226,923
  • Related: $0
  • Other: $42,701

    • Whitney Mcleod (Svp Consumer Lending)
  • Compensation: $223,193
  • Related: $0
  • Other: $27,397

    • Robert A Underwood (Svp Business Enterprise Architecture)
  • Compensation: $189,963
  • Related: $0
  • Other: $37,856

    • Fred Trusty (Svp Marketing)
  • Compensation: $182,588
  • Related: $0
  • Other: $21,139

    • Charlie Bottorff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phillip Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Mclellan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lonnie Morgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Nutt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Sauls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Skinner (Board Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sean Choate (Advisory Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Stephens (Advisory Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Olive (Advisory Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lillie Wilson (Advisory Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kaye Gilbert (Advisory Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.texastrustcu.org

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

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


    Official website here: www.texastrustcu.org

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

    Mission Statement of Texas Trust Credit Union

    Texas Trust Credit Union, a financially strong cooperative, is dedicated to being a lifetime partner to its members, offering customized financial services to cater to their unique needs. The organization's core commitment revolves around providing a full-service credit union that maintains financial stability while delivering essential services to its restricted membership.

    The foundation of Texas Trust Credit Union's operations is derived from the income generated through its membership and the strategic investment of members' funds. This financial base enables the cooperative to function effectively and extend its services to its loyal clientele. Texas Trust Credit Union prides itself on being more than just a financial institution; it is a trusted partner that prioritizes the financial well-being of each member.

    Impact

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




    Thursday, August 15, 2024

    Texas Trust Credit Union plays a significant role in providing its members with a lifetime of financial services while maintaining a financially strong cooperative. By leveraging the income from its membership and the investment of members' funds, the credit union is able to function effectively and offer essential services to its restricted membership base. Based in Arlington, Texas, Texas Trust Credit Union is committed to being its members' partner, delivering tailored financial services to meet individual needs. This approach helps in ensuring that members have access to the financial resources and support they require to navigate their financial journeys successfully.





    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: $7,206,606
  • Program Service Revenue: $76,200,892
  • Gross Receipts: $88,161,360

    • Assets and Liabilities:
  • Total Assets: $2,049,067,995
  • Total Liabilities: $1,895,333,188
  • Net Assets: $153,734,807
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $50,830,128

    FEES, CHARGES, &OTHER

    Revenue

    $24,661,411

    FINANCE & INSURANCE

    Revenue

    $376,970

    PROFESSIONAL, SCIENTIFIC, AND TEC

    Revenue

    $332,383

    Organization Details

    Founding Year

    1936

    Principal Officer

    James Minge

    Main Address

    5850 WEST INTERSTATE 20, ARLINGTON, TX, 76017

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Texas Trust Credit Union 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.