Texans Credit Union

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

EIN: 750992590 ✦ Richardson, TX ✦ Designated as a 501(c)(14)

Overview

What is Texans Credit Union?

Texans Credit Union is a state-chartered credit union based in Richardson, Texas, with over 300 employees. This member-owned cooperative offers various financial products and services, primarily focusing on loans. Their loan offerings encompass consumer automobile loans, unsecured loans, residential mortgage loans, home equity and home improvement loans, and related insurance products like credit life and disability, mechanical breakdown, and gap insurance. The credit union's mission is to enhance the economic well-being of its members by providing traditional deposit and loan services, thereby making their lives better while contributing to the local communities.


Official website here: www.texanscu.org

Is Texans Credit Union legitimate?

Texans Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Texans 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: $1,630,661
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,598,995

For more financial information, click here


Official website here: www.texanscu.org

What is the mission statement of Texans Credit Union?

Texans Credit Union is a member-owned cooperative formed under state law, functioning as a state-chartered credit union. The credit union provides various financial services, including deposit and loan products, to enhance the economic well-being of its member owners. The credit union offers a range of loans for different purposes, such as consumer automobile loans, unsecured loans, residential mortgage loans, home equity and home improvement loans. Additionally, Texans Credit Union offers various loan-related insurance products, including credit life and disability, mechanical breakdown, and gap insurance, to further support its members.


Official website here: www.texanscu.org

Who is the CEO of Texans Credit Union?

David Frazier is the Chief Executive Officer of Texans Credit Union. The CEO's salary of Texans Credit Union is $689,692 and their total compensation is $714,150.


Official website here: www.texanscu.org

What is the revenue of Texans Credit Union?

Texans Credit Union's revenue in 2022 was $76,501,082.


Official website here: www.texanscu.org

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

The average compensation at Texans Credit Union during 2022 was $55,047. There are 313 employees and 5 volunteers at Texans Credit Union.

Here are 14 key members and their salaries (Texans Credit Union's CEO's salary is $689,692 and their total compensation is $714,150):

    David Frazier (Chief Executive Officer)
  • Compensation: $689,692
  • Related: $0
  • Other: $24,458

    • Michael Mcwethy (Chief Experience Officer)
  • Compensation: $369,543
  • Related: $0
  • Other: $29,741

    • Benjamin Hart (Chief Financial Officer)
  • Compensation: $263,095
  • Related: $0
  • Other: $27,748

    • Tanya Patterson (Vp It Systems)
  • Compensation: $223,409
  • Related: $0
  • Other: $20,612

    • Jennifer Short (Chief People Officer)
  • Compensation: $207,212
  • Related: $0
  • Other: $19,172

    • Jianjun Bai (Vp Dev & Host Systems)
  • Compensation: $203,234
  • Related: $0
  • Other: $19,342

    • Angela Jackson (Vp Real Estate Lending)
  • Compensation: $192,993
  • Related: $0
  • Other: $15,066

    • Tracy Montez (Svp Controller)
  • Compensation: $175,949
  • Related: $0
  • Other: $20,450

    • Matthew Moore (Svp Retail)
  • Compensation: $162,552
  • Related: $0
  • Other: $22,359

    • George Consolver (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Fawcett (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Estella Martinez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Boedecker (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jurgen Arts (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.texanscu.org

    Where can I find the form 990 for Texans Credit Union?

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


    Official website here: www.texanscu.org

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

    Mission Statement of Texans Credit Union

    Texans Credit Union, a member-owned cooperative, is on a mission to enhance the economic well-being of its members. Established under the State Credit Union Law, this credit union provides a range of financial services, including traditional deposit and loan products. The organization's primary goal is to make a positive impact on the lives of its members.

    Texans Credit Union offers loans in various categories to cater to diverse financial needs. These loan offerings encompass consumer automobile loans, unsecured loans, residential mortgage loans, home equity and home improvement loans. In addition to these loans, the credit union provides loan-related insurance products such as credit life and disability insurance, mechanical breakdown insurance, and gap insurance to ensure comprehensive financial protection for its members.

    Impact

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




    Thursday, August 15, 2024

    Texans Credit Union has a significant impact on the economic well-being of its member-owners and the communities it serves. By providing a wide range of traditional deposit and loan products, including consumer automobile loans, residential mortgage loans, and home equity loans, Texans Credit Union plays a crucial role in helping its members achieve their financial goals.

    Moreover, the credit union's focus on making its members' lives better extends beyond providing financial services. Texans Credit Union also offers various loan-related insurance products to help protect its members in different circumstances, such as credit life and disability insurance, mechanical breakdown insurance, and gap insurance.

    Through its member-owned cooperative structure, Texans Credit Union embodies a commitment to improving the economic well-being of its community members. This dedication to serving the needs of its members and communities makes Texans Credit Union a valuable financial institution that positively impacts the lives of many individuals and families.





    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: $13,102,907
  • Program Service Revenue: $63,398,175
  • Gross Receipts: $102,142,268

    • Assets and Liabilities:
  • Total Assets: $2,155,551,665
  • Total Liabilities: $2,027,157,739
  • Net Assets: $128,393,926
  • Programs

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

    INTEREST INCOME LOANS

    Revenue

    $40,822,141

    OTHER INCOME

    Revenue

    $14,987,895

    FEES AND CHARGES

    Revenue

    $6,874,955

    FINANCE & INSURANCE

    Revenue

    $713,184

    Organization Details

    Founding Year

    1953

    Principal Officer

    David Frazier

    Main Address

    777 EAST CAMPBELL RD, RICHARDSON, TX, 75081

    NTEE Category

    Code: W60 - Public benefit

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