NonprofitsMct Credit Union

Mct Credit Union

PORT NECHES, TX

Total revenue

$21.7M

Total expenses

$20.7M

Net assets

$32.5M

Grants received

EIN

741255147

Tax year

2024

Mission

To provide financial services, loan, and deposit products that will meet needs and expectations of the field of membership and provide a fair and equitable return to the credit union. To grow the field of membership by aggressively pursuing all persons in need of financial products and services by continually enhancing products to better serve the field of membership.

Programs

1 program

The credit union offers consumer loans, mortgage loans, and business loans to membership. The credit union granted 1,719 loans for $80,491,151 to its membership in 2024.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$18.2M
Investment income$3.0M
Other revenue$515K
Total revenue$21.7M

Expenses

Grants paid
Salaries & benefits$7.7M
Fundraising
Other expenses$9.5M
Total expenses$20.7M
Total assets$358.6M
Net assets$32.5M

People

17 listed

NameRoleCompensation

THADDEUS ANGELLE

PRESIDENT/CEO

Board

$353K

50 hrs/wk

CHAD POWELL

EVP/CFO

Board

$220K

50 hrs/wk

KAREN FREDERICK

COO

Board

$196K

50 hrs/wk

DR GEORGE SCOTT

BOARD CHAIRMAN

Board

1 hrs/wk

KIMBERLY PITTS

DIRECTOR

Board

1 hrs/wk

TRENT DEVENZIO

VICE CHAIRMAN

Board

1 hrs/wk

REBECCA DEMETER

BOARD SECRETARY/TREASURER

Board

1 hrs/wk

RANDY BROWN

DIRECTOR

Board

1 hrs/wk

RANDY CHANCE

DIRECTOR

Board

1 hrs/wk

MICHAEL LAIRD

DIRECTOR

Board

1 hrs/wk

JAMES MYERS JR

DIRECTOR

Board

1 hrs/wk

DEBORAH NORRIS

DIRECTOR

Board

1 hrs/wk

KEITH DOUCET

VP OF BUSINESS LENDING

Staff

$176K

50 hrs/wk

KAYLA ALLBRITTON

SVP OF OPERATIONS

Staff

$153K

50 hrs/wk

BRANDY COLUNGA

VICE PRESIDENT HUMAN RESOU

Staff

$129K

50 hrs/wk

MICHAEL FRAZIER

VP IT

Staff

$128K

50 hrs/wk

SHANDA ROJAS

VP CONSUMER LENDING

Staff

$120K

50 hrs/wk

Independent contractors

CONSRUCTION ZONE OF SOUTHEAST TEXAS LLC

BRANCH CONSTRUCTION/REMODELING

$1.0M

VELERA

CREDIT AND DEBIT CARD PROCESSING

$743K

JACK HENRY AND ASSOCIATES

CREDIT UNION CORE DATA PROCESSING SYSTEM

$720K

DISCOVERY INFORMATION TECHNOLOGIES INC

INFORMATION TECHNOLOGY MANAGED SERVICES

$638K

KASASA LTD

REWARD CHECKING AND SAVING ACCOUNT PROCE

$446K

Details

EIN741255147
Subsection14
Ruling date1976-06
Formed1953
Employees105
Volunteers11
MCT CREDIT UNION — Mission, Financials & Grants Received | Grantivo