Fort Worth Community Credit Union

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

EIN: 750796472 ✦ Bedford, TX ✦ Designated as a 501(c)(14)

Overview

What is Fort Worth Community Credit Union?

Fort Worth Community Credit Union is a member-focused financial institution based in Texas. It operates under the regulation of both the state and the National Credit Union Administration. The credit union's mission is to encourage saving and lending among its members, providing them with share and checking accounts, loans, and convenience services. The credit union offers financial products and services primarily in four areas: share accounts, checking accounts, consumer loans, and real estate loans.


Official website here: www.ftwccu.org

Is Fort Worth Community Credit Union legitimate?

Fort Worth Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fort Worth Community 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: $3,546,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,337,700

For more financial information, click here


Official website here: www.ftwccu.org

What is the mission statement of Fort Worth Community Credit Union?

Fort Worth Community Credit Union is dedicated to encouraging members to save and borrow wisely. Through its diverse range of products and services, the credit union caters to four primary areas: share accounts, checking accounts, consumer loans, and real estate loans. Fort Worth Community Credit Union's mission is to facilitate financial growth for its members by offering them opportunities to save and access necessary funds through loans. The credit union's activities are overseen by both the State of Texas and the National Credit Union Administration. Its services aim to promote financial well-being and independence among members.


Official website here: www.ftwccu.org

Who is the CEO of Fort Worth Community Credit Union?

Diane Dorsey is the Board Member (Until 12/7/22) of Fort Worth Community Credit Union. The CEO's salary of Fort Worth Community Credit Union is $439,366 and their total compensation is $492,973.


Official website here: www.ftwccu.org

What is the revenue of Fort Worth Community Credit Union?

Fort Worth Community Credit Union's revenue in 2022 was $51,151,395.


Official website here: www.ftwccu.org

Who are the executives of Fort Worth Community Credit Union and what are their salaries?

The average compensation at Fort Worth Community Credit Union during 2022 was $57,517. There are 224 employees and 10 volunteers at Fort Worth Community Credit Union.

Here are 25 key members and their salaries (Fort Worth Community Credit Union's CEO's salary is $439,366 and their total compensation is $492,973):

    Diane Dorsey (President/Ceo)
  • Compensation: $439,366
  • Related: $0
  • Other: $53,607

    • Michael Franko (Srvp Finance)
  • Compensation: $314,297
  • Related: $0
  • Other: $36,695

    • Kostas Leucker (Investment Consultant)
  • Compensation: $269,858
  • Related: $0
  • Other: $50,965

    • Kyle Koke (Sr Vp Lending)
  • Compensation: $288,496
  • Related: $0
  • Other: $29,934

    • Tammy Trudelle (Vp Human Resources)
  • Compensation: $264,363
  • Related: $0
  • Other: $38,178

    • Carl Auzenne (Vp Information Services (Ret 8/5/22))
  • Compensation: $205,207
  • Related: $0
  • Other: $26,917

    • Matt Meyers (Avp Info Svcs (Until 8/5/22, Then Vp))
  • Compensation: $189,575
  • Related: $0
  • Other: $35,567

    • Valerie Grosskurth (Vp Payment Systems & Risk Mgmt)
  • Compensation: $182,279
  • Related: $0
  • Other: $36,543

    • Neil Spencer (Vp Support Services)
  • Compensation: $162,990
  • Related: $0
  • Other: $42,700

    • Ginda Abraham (Avp Accounting)
  • Compensation: $161,930
  • Related: $0
  • Other: $22,105

    • Karen Martinez (Vp Operations)
  • Compensation: $150,543
  • Related: $0
  • Other: $32,244

    • Brandy Scarlett (Vp Marketing)
  • Compensation: $127,608
  • Related: $0
  • Other: $40,103

    • Sheila Hailey (Avp Real Estate)
  • Compensation: $122,657
  • Related: $0
  • Other: $30,209

    • Lisa Pippin (Avp Lending)
  • Compensation: $120,971
  • Related: $0
  • Other: $19,734

    • Terri Boop (Avp Branch Operations)
  • Compensation: $128,161
  • Related: $0
  • Other: $9,011

    • Neal Oliver (Board Member) [Trustee/Director]
  • Compensation: $2,847
  • Related: $0
  • Other: $0

    • Janice Graczyk (Board Member) [Trustee/Director]
  • Compensation: $2,481
  • Related: $0
  • Other: $0

    • Leighton Waters (Board Member) [Trustee/Director]
  • Compensation: $1,952
  • Related: $0
  • Other: $0

    • Charles Redding (Board Member-Vice Chair) [Trustee/Director]
  • Compensation: $1,500
  • Related: $0
  • Other: $0

    • Herbert Sims (Board Member) [Trustee/Director]
  • Compensation: $1,500
  • Related: $0
  • Other: $0

    • Tunisia Sadruddin (Board Member-Secretary-Treasurer) [Trustee/Director]
  • Compensation: $1,500
  • Related: $0
  • Other: $0

    • Joseph Lozano (Board Member) [Trustee/Director]
  • Compensation: $1,500
  • Related: $0
  • Other: $0

    • Michael Clardy (Board Member-Chair) [Trustee/Director]
  • Compensation: $1,250
  • Related: $0
  • Other: $0

    • Henry Christiansen (Board Member (Until 12/7/22)) [Trustee/Director]
  • Compensation: $1,128
  • Related: $0
  • Other: $0

    • Tomas Tijerina (Board Member) [Trustee/Director]
  • Compensation: $1,000
  • Related: $0
  • Other: $0


  • Official website here: www.ftwccu.org

    Where can I find the form 990 for Fort Worth Community Credit Union?

    The Fort Worth Community Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ftwccu.org

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

    Mission Statement of Fort Worth Community Credit Union

    Fort Worth Community Credit Union, a member-focused financial institution, is dedicated to the promotion of thrift savings and borrowing. Through its diverse range of offerings, the credit union caters to the financial needs of its members in four primary areas: share accounts, checking accounts, consumer loans, and real estate loans.

    By encouraging members to save, Fort Worth Community Credit Union empowers them to build a financial foundation for their future. Share accounts serve as a savings tool, enabling members to accumulate funds over time and earn dividends on their savings. The credit union's checking accounts offer added convenience and flexibility, allowing members to manage their day-to-day transactions efficiently.

    In recognition of the diverse financial needs of its members, Fort Worth Community Credit Union offers various loan options. Consumer loans cater to personal expenses, providing members with the means to cover unexpected expenses or make large purchases. Real estate loans enable members to invest in property, providing them with stability and long-term financial benefits.

    Fort Worth Community Credit Union's mission extends beyond traditional financial services. By being regulated by both the State of Texas and the National Credit Union Administration, the credit union ensures a secure and reliable financial environment for its members. The credit union's commitment to its members' financial well-being is evident in its wide range of offerings and its dedication to promoting thrift savings and borrowing.

    Impact

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




    Thursday, August 15, 2024

    Fort Worth Community Credit Union's impact lies in promoting thrift savings and borrowing for its members. Regulated by the State of Texas and the National Credit Union Administration, this institution offers a range of products and services in areas such as share accounts, checking accounts, consumer loans, and real estate loans. By providing these financial tools, Fort Worth Community Credit Union enables its members to manage their money more effectively, access credit when needed, and work towards their financial goals. Its presence in Bedford, TX, contributes to the economic well-being of the community by facilitating access to essential financial services.





    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: $4,837,049
  • Program Service Revenue: $46,168,919
  • Gross Receipts: $53,209,206

    • Assets and Liabilities:
  • Total Assets: $1,225,093,160
  • Total Liabilities: $1,116,571,285
  • Net Assets: $108,521,875
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $32,863,805

    LOAN FEE INCOME

    Revenue

    $10,333,691

    MEMBER FEES & CHARGES

    Revenue

    $2,971,423

    Organization Details

    Founding Year

    1940

    Principal Officer

    Diane Dorsey

    Main Address

    PO BOX 210848, BEDFORD, TX, 76095

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Fort Worth Community 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.