NonprofitsSweetex Credit Union

Sweetex Credit Union

LONGVIEW, TX

Total revenue

$359K

Total expenses

$328K

Net assets

$3.6M

Grants received

EIN

750869112

Tax year

2024

Mission

Sweetex credit union offers savings and loans to a single employee group and their families at economical rates and encourages the financial health of our member-owners

Programs

2 programs

Consumer loans-sweetex credit union has provided vehicle and other secured loans since its beginning in 1952. The consumer loan product line now includes efficient underwriting and flexible offerings for rv's, boats, motorcycles, new and used autos, and unsecured loans. Consumer credit life and disability insurance and guaranteed auto balance protection coverage are available at group rates just for our member borrowers.

Home loans-sweetex credit union has been offering home loans for over 20 years at competitive rates to its membership and began offering home equity loans in recent years. The credit union currently books these loans in-house to maturity. Sweetex is very conservative in it's mortgage lending, only financing 80%or less loan to value for 20 or less years.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$174K
Investment income$185K
Other revenue
Total revenue$359K

Expenses

Grants paid
Salaries & benefits$179K
Fundraising
Other expenses$150K
Total expenses$328K
Total assets$9.4M
Net assets$3.6M

People

6 listed

NameRoleCompensation

LAWANDA DRENNAN

PRESIDENT/CEO

Board

$88K

40 hrs/wk

RITA HOGAN

BOARD CHAIRMAN

Board

2 hrs/wk

RAYMOND F TAYLOR

BOARD VICE CHAIRMAN

Board

2 hrs/wk

RONALD TEVEBAUGH

DIRECTOR

Board

1.5 hrs/wk

LINDA DAILEY

DIRECTOR

Board

0.5 hrs/wk

BRYAN BLANTON

DIRECTOR

Board

0.5 hrs/wk

Details

EIN750869112
Subsection14
Ruling date1976-06
Formed1952
Employees2
Volunteers5
SWEETEX CREDIT UNION — Mission, Financials & Grants Received | Grantivo