Datcu

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

EIN: 750813379 ✦ Corinth, TX ✦ Designated as a 501(c)(14)

Overview

What is Datcu?

Datcu is a credit union based in Corinth, Texas, with the address 5940 I35E. They are dedicated to providing their members with a diverse range of competitively priced and efficiently delivered financial services. Their mission is to cater to the financial needs of their members, offering a wide selection of loans. The organization employs 273 individuals.


Official website here: www.datcu.org

Is Datcu legitimate?

Datcu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Datcu 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: $3,982,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,521,769

For more financial information, click here


Official website here: www.datcu.org

What is the mission statement of Datcu?

Datcu is committed to offering its membership a diverse selection of competitively priced and expeditiously delivered services. The mission of Datcu is to provide an extensive range of services that cater to the financial needs of its members effectively. The organization extends loans of various kinds to its members.


Official website here: www.datcu.org

Who is the CEO of Datcu?

Glen Mckenzie is the Director of Datcu. The CEO's salary of Datcu is $1,355,098 and their total compensation is $1,411,607.


Official website here: www.datcu.org

What is the revenue of Datcu?

Datcu's revenue in 2022 was $70,387,635.


Official website here: www.datcu.org

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

The average compensation at Datcu during 2022 was $64,118. There are 273 employees and 8 volunteers at Datcu.

Here are 17 key members and their salaries (Datcu's CEO's salary is $1,355,098 and their total compensation is $1,411,607):

    Glen Mckenzie (President/Ceo)
  • Compensation: $1,355,098
  • Related: $0
  • Other: $56,509

    • Melanie Vest (Evp, Cfo)
  • Compensation: $789,838
  • Related: $0
  • Other: $66,263

    • Jon Madsen (Evp, Coo)
  • Compensation: $649,697
  • Related: $0
  • Other: $63,564

    • James Henderson (Evp, Cio)
  • Compensation: $577,595
  • Related: $0
  • Other: $65,794

    • Robert Hall (Vp Of Information Systems)
  • Compensation: $308,979
  • Related: $0
  • Other: $37,207

    • Craig Neu (Vp Of Lending)
  • Compensation: $238,624
  • Related: $0
  • Other: $57,265

    • Janice Sheppard (Senior Vp - Real Estate)
  • Compensation: $249,298
  • Related: $0
  • Other: $32,050

    • David Frazier (Vp Controller)
  • Compensation: $209,977
  • Related: $0
  • Other: $55,046

    • Sonya Thompson (Vp Product Development)
  • Compensation: $220,080
  • Related: $0
  • Other: $32,299

    • Susan Passariello (Vp Of Marketing)
  • Compensation: $182,985
  • Related: $0
  • Other: $64,799

    • Gary Goldsmith (Director)
  • Compensation: $2,095
  • Related: $0
  • Other: $0

    • Dr Jamie Wilson (Vice Chair) [Trustee/Director]
  • Compensation: $1,940
  • Related: $0
  • Other: $0

    • Lee Howell (Secretary) [Trustee/Director]
  • Compensation: $1,940
  • Related: $0
  • Other: $0

    • Michael Foster (Director)
  • Compensation: $1,890
  • Related: $0
  • Other: $0

    • Valarie Foster (Director)
  • Compensation: $1,817
  • Related: $0
  • Other: $0

    • Dr Ronald Aldridge (Chair) [Trustee/Director]
  • Compensation: $1,258
  • Related: $0
  • Other: $0

    • Robert Ramirez (Director)
  • Compensation: $974
  • Related: $0
  • Other: $0


  • Official website here: www.datcu.org

    Where can I find the form 990 for Datcu?

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


    Official website here: www.datcu.org

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

    Mission Statement of Datcu

    Datcu, a mission-driven organization, strives to cater to its members by offering an extensive selection of competitively priced and swiftly delivered services. The primary objective of Datcu is to fulfill the financial requirements of its membership with efficiency and affordability. The credit union extends loans of various types to its members, ensuring they have access to the financial resources they need. By prioritizing affordability and efficiency, Datcu aims to make a positive impact on the lives of its members. Through its wide range of services, Datcu positions itself as a reliable financial partner for its members in their time of need.

    Impact

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




    Thursday, August 15, 2024

    Datcu's impact lies in providing its members with a wide array of competitively priced and efficiently delivered financial services to meet their individual needs. Through offering various types of loans and other financial products, Datcu plays a significant role in empowering its members to achieve their financial goals and secure their future. Its presence in Corinth, TX, not only serves the local community but also contributes to the overall economic well-being by fostering financial inclusivity and stability.





    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: $2,185,633
  • Program Service Revenue: $68,130,002
  • Gross Receipts: $70,387,635

    • Assets and Liabilities:
  • Total Assets: $1,575,386,776
  • Total Liabilities: $1,350,925,607
  • Net Assets: $224,461,169
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $51,343,964

    OTHER OPERATIONS

    Revenue

    $12,353,762

    FEE INCOME

    Revenue

    $4,432,276

    Organization Details

    Founding Year

    1936

    Principal Officer

    Glen Mckenzie

    Main Address

    5940 I35E, CORINTH, TX, 76210

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Datcu 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.