NonprofitsCooperative Teachers Credit Union

Cooperative Teachers Credit Union

TYLER, TX

Total revenue

$7.0M

Total expenses

$7.1M

Net assets

$5.1M

Grants received

EIN

750905956

Tax year

2024

Mission

Encourages thrift (savings) and provides credit (loans) to its members.

Programs

2 programs

Cooperative teachers credit union provides checking accounts for members with various features, from free accounts to those that offer dividends that are paid quarterly. Additionally, the credit union extends the reach of these accounts by offering debit cards, internet account access, and an internet bill pay platform. Cooperative extended these services by updating the debit, credit, and atm products in 2024 for easier access and usage.

Cooperative teachers credit union has provided vehicle loans since its early years. The consumer loan product line now includes efficient underwritiing and flexible offering for recreational vehicles, boats, and motorcycles. Credit life and disability insurance is available on any of these loans. In addition, cooperative teachers has grown the mortgage portfolio as to offer affordable housing solutions for our members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$6.2M
Investment income$736K
Other revenue$19K
Total revenue$7.0M

Expenses

Grants paid$161K
Salaries & benefits$1.4M
Fundraising
Other expenses$3.4M
Total expenses$7.1M
Total assets$102.7M
Net assets$5.1M

People

10 listed

NameRoleCompensation

Timothy Miller

President & CEO

Board

$145K

40 hrs/wk

Sarah Parlett

Vice President

Board

$96K

40 hrs/wk

Mary Fulmer

Vice President

Board

$87K

40 hrs/wk

Wayne Boshears

Chairman

Board

1 hrs/wk

Lynne Stainback

Vice Chairman

Board

1 hrs/wk

Zeb Cantley

Secretary

Board

1 hrs/wk

James Hayden

Director

Board

1 hrs/wk

Gary Howell

Director

Board

1 hrs/wk

Cynthia Johnson

Director

Board

1 hrs/wk

Ora Taylor

Director

Board

1 hrs/wk

Independent contractors

FISERV

Credit Union Processor

$308K

CORELATION INC

$252K

Crosspointe Mgmt Group

Lease for Branch Location

$146K

BLUE CROSS BLUE SHIELD OF TEXAS

Employee Health Insurance

$113K

Details

EIN750905956
Subsection14
Ruling date1976-06
Formed1953
Employees26
Volunteers7
COOPERATIVE TEACHERS CREDIT UNION — Mission, Financials & Grants Received | Grantivo