Texoma Community Credit Union

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

EIN: 750896179 ✦ Wichita falls, TX ✦ Designated as a 501(c)(14)

Overview

What is Texoma Community Credit Union?

Texoma Community Credit Union is a credit union based in Wichita Falls, Texas, with over 24,000 member-owners as of December 31, 2022. The financial institution offers various share accounts to its members, including those for children, that pay dividends quarterly. Members can access their savings accounts through two local offices, internet banking, or telephone banking. The Credit Union has a total workforce of 87 employees. Texoma Community Credit Union's primary activity revolves around providing financial services to its members.


Official website here: www.texomacu.com

Is Texoma Community Credit Union legitimate?

Texoma Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Texoma 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: $735,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,736,444

For more financial information, click here


Official website here: www.texomacu.com

What is the mission statement of Texoma Community Credit Union?

Texoma Community Credit Union is dedicated to delivering financial services to its members. The institution prides itself on offering savings accounts that provide dividends and flexibility, with members having the option to access their accounts through local offices, online banking, or ATMs globally. The credit union also caters to younger members with special savings accounts designed to foster healthy saving habits. Overall, Texoma Community Credit Union aims to provide comprehensive financial services to its diverse member base.


Official website here: www.texomacu.com

Who is the CEO of Texoma Community Credit Union?

John Buckley is the Coo of Texoma Community Credit Union. The CEO's salary of Texoma Community Credit Union is $211,276 and their total compensation is $422,552.


Official website here: www.texomacu.com

What is the revenue of Texoma Community Credit Union?

Texoma Community Credit Union's revenue in 2022 was $16,333,220.


Official website here: www.texomacu.com

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

The average compensation at Texoma Community Credit Union during 2022 was $51,396. There are 87 employees and 12 volunteers at Texoma Community Credit Union.

Here are 16 key members and their salaries (Texoma Community Credit Union's CEO's salary is $211,276 and their total compensation is $422,552):

    Angela Ohmstede (Coo)
  • Compensation: $222,967
  • Related: $0
  • Other: $222,967

    • Kathryn Donovan (Cfo)
  • Compensation: $212,157
  • Related: $0
  • Other: $212,157

    • John Buckley (President & Ceo)
  • Compensation: $211,276
  • Related: $0
  • Other: $211,276

    • Tara Neal (Chro)
  • Compensation: $205,712
  • Related: $0
  • Other: $205,712

    • Kenneth Thomason (Evp & Clo)
  • Compensation: $166,141
  • Related: $0
  • Other: $166,141

    • Misti Todd (Mortgage Operations Manager)
  • Compensation: $115,931
  • Related: $0
  • Other: $115,931

    • Casey Allen (Indirect Loan Officer)
  • Compensation: $112,336
  • Related: $0
  • Other: $112,336

    • Chris Hansard (It Manager)
  • Compensation: $109,178
  • Related: $0
  • Other: $109,178

    • Randy Brewster (Commecial Loan Officer)
  • Compensation: $104,446
  • Related: $0
  • Other: $104,446

    • Ripley Tate (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lacy Morgan (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vanda Cullar (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy Darnall (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Bayless (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Poenitzsch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Farabee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.texomacu.com

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

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


    Official website here: www.texomacu.com

    Learn more at the official website: www.texomacu.com

    Mission Statement of Texoma Community Credit Union

    Texoma Community Credit Union, with over 24,000 member-owners, is dedicated to providing a range of credit union financial services. In simpler terms, this financial institution is committed to helping its members manage and grow their money. The credit union's share accounts, available to individuals of all ages, offer several advantages. Members' savings accounts yield quarterly dividends, providing an added financial benefit. Access to these accounts is convenient, with options including two local offices, online banking, and telephone banking, as well as ATMs located worldwide. Furthermore, Texoma Community Credit Union offers special savings accounts tailored for children, promoting healthy savings habits from an early age.

    Impact

    This information is meant to be a general summary of Texoma 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

    Texoma Community Credit Union has a significant impact on the financial well-being of its member-owners in the WICHITA FALLS community of Texas. With over 24,000 member-owners benefiting from its services, Tccu provides a range of financial products, including share accounts that pay dividends quarterly and offer convenient access through local offices, online banking, telephone services, and ATMs worldwide. The Credit Union also promotes financial literacy and savings habits among children through special savings accounts. Through its public benefit mission, Texoma Community Credit Union plays a vital role in supporting the financial stability and growth of the community it serves.





    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: $413,896
  • Program Service Revenue: $13,129,878
  • Gross Receipts: $16,360,842

    • Assets and Liabilities:
  • Total Assets: $259,230,472
  • Total Liabilities: $232,579,387
  • Net Assets: $26,651,085
  • Programs

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

    Interest on loans

    Revenue

    $10,294,524

    Member Fees & Charges

    Revenue

    $2,835,354

    Organization Details

    Founding Year

    1953

    Principal Officer

    John Buckley

    Main Address

    PO Box 1320, Wichita Falls, TX, 76307

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Texoma 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.