NonprofitsEnergy Capital Credit Union

Energy Capital Credit Union

HOUSTON, TX

Total revenue

$15.0M

Total expenses

$14.7M

Net assets

$24.6M

Grants received

EIN

741110016

Tax year

2024

Mission

Energy Capital Credit Union is a cooperative thrift institution and is a member of the National Credit Union Administration Insurance Fund. The Credit Union is regulated by the State of Texas Credit Union Department as well as the National Credit Union Administration. Energy Capital Credit Union offers products and services in four primary areas: share accounts, checking accounts, consumer loans, and real estate loans.

Programs

3 programs

Checking accounts- energy capital credit union provides checking accounts for consumers with various features from free accounts to those with enhanced benefits. Most offer dividends that are paid monthly. Additionally, the credit union extends the reach of these accounts to all members with free debit cards, internet account access and free use of the internet bill pay brogram. 49.86% of the credit union's members have a checking account. Code: 522130

Expenses: $722K

Consumer loans - energy capital credit union has provided vehicle loans since its first year of operations. The consumber loan product line now includes efficient underwriting and flexible offerings for auto, signature loans, credit cards, recreational vehicles, boats, motorcycles, home equity and mortgage loans. Consumer debt protection insurance is available on may of these loan types. Code:522130

Expenses: $1.8M

General overhead for operations of the credit union, see schedule o statement 1

Expenses: $11.4M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$13.1M
Investment income$1.9M
Other revenue$717
Total revenue$15.0M

Expenses

Grants paid
Salaries & benefits$4.4M
Fundraising
Other expenses$10.3M
Total expenses$14.7M
Total assets$253.1M
Net assets$24.6M

People

14 listed

NameRoleCompensation

Kanika Boutte

Chief Executive Officer

Board

$273K

40 hrs/wk

Corey Cunningham

Chief Financial Officer

Board

$235K

40 hrs/wk

Deana Price

HR VP

Board

$139K

40 hrs/wk

George Edwards

Director

Board

2 hrs/wk

Brent Rawson

Director; Board Chair; Trustee

Board

3 hrs/wk

Detra Johnson

Director

Board

2 hrs/wk

Kimberly Irchirl-Carter

Director

Board

3 hrs/wk

Shannon Rives

Director

Board

2 hrs/wk

Gregg Cooper

Director

Board

2 hrs/wk

Todd Reppert

Director

Board

2 hrs/wk

Akpevwen Onoyase

Director

Board

2 hrs/wk

JoJo Tharayil

VP IT

Staff

$150K

40 hrs/wk

Danny Contreras

MSVP

Staff

$132K

40 hrs/wk

Valerie Dahlgren-Ballew

VP Lending

Staff

$108K

40 hrs/wk

Details

EIN741110016
Subsection14
Ruling date1976-06
Formed1934
Employees70
Volunteers10
ENERGY CAPITAL CREDIT UNION — Mission, Financials & Grants Received | Grantivo