Overview
What is First Basin Credit Union?
First Basin Credit Union is a cooperative not-for-profit savings institution based in Texas, established in 1965. With a mission to encourage thrift among members, the credit union provides affordable credit and strives to improve their economic conditions. Serving residents in 17 counties, First Basin Credit Union offers tools and services designed to simplify members' financial lives and help them achieve their financial goals.
Official website here: www.firstbasin.com
Is First Basin Credit Union legitimate?
First Basin Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Basin 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: $801,799
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,775,103
For more financial information, click here
Official website here: www.firstbasin.com
What is the mission statement of First Basin Credit Union?
First Basin Credit Union is a not-for-profit financial institution, incorporated under the Texas Credit Union Act, dedicated to encouraging savings among its members. It aims to provide credit at fair and reasonable interest rates and offer opportunities to improve the economic condition of its members. The credit union's mission is to help members manage their finances effectively by offering savings and credit services. It is a cooperative where members pool their resources to achieve common financial goals. By fostering thrift and providing affordable credit, First Basin Credit Union strives to empower its members to lead financially stable lives.
Official website here: www.firstbasin.com
Who is the CEO of First Basin Credit Union?
Shem Culpepper is the Board Secretary of First Basin Credit Union. The CEO's salary of First Basin Credit Union is $344,219 and their total compensation is $396,070.
Official website here: www.firstbasin.com
What is the revenue of First Basin Credit Union?
First Basin Credit Union's revenue in 2022 was $18,692,893.
Official website here: www.firstbasin.com
Who are the executives of First Basin Credit Union and what are their salaries?
The average compensation at First Basin Credit Union during 2022 was $38,198. There are 146 employees and 6 volunteers at First Basin Credit Union.
Here are 12 key members and their salaries (First Basin Credit Union's CEO's salary is $344,219 and their total compensation is $396,070):
- Shem Culpepper (Chief Executive Officer)
- Tim O'Reilly (Chief Marketing Officer)
- Doug Sypolt (Chief Lending Officer)
- Bradley Stillwell (Chief Operations Officer)
- Ana Gonzalez (Chief Financial Officer)
- Julia Tarin (Chief Retail Officer)
- Gary Windham (Board Secretary) [Trustee/Director]
- Samuel Gonzalez (Chaiperson) [Trustee/Director]
- Rebecca Marler (Board Treasurer) [Trustee/Director]
- Cathy Laracuente (Board Member) [Trustee/Director]
- Steve Compton (Board Vice Chairperson) [Trustee/Director]
- Wesley Burnett (Board Member) [Trustee/Director]
Official website here: www.firstbasin.com
Where can I find the form 990 for First Basin Credit Union?
The First Basin Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.firstbasin.com
Learn more at the official website: www.firstbasin.com
Mission Statement of First Basin Credit Union
First Basin Credit Union, a not-for-profit financial institution, was established with the purpose of encouraging thrift among its members. By providing credit at fair and reasonable interest rates, the credit union aims to help its members improve their economic condition. In simpler terms, First Basin Credit Union functions as a cooperative savings institution that strives to foster financial responsibility among its members.
Since its inception in 1965, this credit union has served the financial needs of its members in 17 counties. It offers a range of services and tools designed to make managing personal finances easier. First Basin Credit Union's mission is deeply rooted in the belief that financial stability and growth are within reach for every member. The credit union's dedication to its members' economic well-being sets it apart as a trusted partner in their financial journeys.
By offering credit at fair rates, the credit union makes it possible for members to borrow when they need it, allowing them to invest in their future or address unexpected expenses. Additionally, by providing opportunities for savings, the credit union empowers its members to build a solid financial foundation. With a focus on improving members' economic conditions, First Basin Credit Union plays a critical role in helping individuals and families achieve their financial goals.
Impact
This information is meant to be a general summary of First Basin Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
First Basin Credit Union plays a vital role in empowering individuals in 17 counties to achieve their financial goals since 1965. By providing services and tools to support members' economic well-being, the credit union serves as a crucial partner in their financial lives. Through its emphasis on encouraging thrift, offering fair credit rates, and improving members' economic conditions, First Basin Credit Union makes a significant impact on the financial stability and prosperity of its community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$9,371,217
FEE INCOME
Revenue
$7,005,887
FINANCE AND INSURANCE
Revenue
$67,175
Organization Details
Founding Year
1965
Phone
(432) 333-5600
Principal Officer
Shem Culpepper
Main Address
7100 E TX HWY 191, ODESSA, TX, 79765
Website
www.firstbasin.com
NTEE Category
Code: W60 - Public benefit
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