My Community Credit Union

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

EIN: 750969777 ✦ Midland, TX ✦ Designated as a 501(c)(14)

Overview

What is My Community Credit Union?

My Community Credit Union, located in Midland, Texas, with an address at 600 WEST LOUISIANA, is a financial institution dedicated to serving its membership. This credit union offers various loan products at competitive rates as part of their mission to provide a range of financial services. They employ a workforce of 162 individuals to uphold this commitment, and their purpose is succinctly described as "To provide all types of financial services to our membership."


Is My Community Credit Union legitimate?

My Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. My 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: $2,085,514
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,254,532

For more financial information, click here


What is the mission statement of My Community Credit Union?
Who is the CEO of My Community Credit Union?
What is the revenue of My Community Credit Union?
Who are the executives of My Community Credit Union and what are their salaries?

The average compensation at My Community Credit Union during 2022 was $45,309. There are 162 employees and 12 volunteers at My Community Credit Union.

Here are 18 key members and their salaries (My Community Credit Union's CEO's salary is $694,505 and their total compensation is $848,905):


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

Mission Statement of My Community Credit Union

My Community Credit Union, with its mission to provide, embarks on a journey to cater to the financial needs of its membership. This financial institution offers a comprehensive range of services, ensuring that it meets the diverse financial requirements of its members.

With a commitment to serving its membership, My Community Credit Union extends various loan products at competitive rates. These loans aim to help members manage their finances effectively, whether for personal, educational, or business purposes. By providing accessible financial solutions, the credit union empowers its members to achieve their financial goals.

My Community Credit Union's dedication to its members extends beyond just loan services. The credit union is an active participant in the financial well-being of its community, offering a helping hand to those in need. By providing all types of financial services, it fosters financial literacy and promotes financial stability among its members. The credit union's mission is to be a trusted partner, guiding its members through their financial journeys and helping them build a secure financial future.

Impact

This information is meant to be a general summary of My 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

My Community Credit Union provides a vital service to the community by offering a variety of financial services to its members. Its competitive loan products help individuals and families in Midland, Texas, access essential funds for various purposes. By providing these services, My Community Credit Union contributes to the financial well-being and stability of its members, ultimately benefiting the community 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: $462,000
  • Program Service Revenue: $19,184,080
  • Gross Receipts: $32,179,129

    • Assets and Liabilities:
  • Total Assets: $470,769,056
  • Total Liabilities: $422,543,522
  • Net Assets: $48,225,534
  • Programs

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

    Interest from Members

    Revenue

    $19,184,080

    Organization Details

    Founding Year

    1952

    Principal Officer

    Mark Williams

    Main Address

    600 WEST LOUISIANA, MIDLAND, TX, 79701

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of My 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.