Program areas at MCT Credit Union
The Credit Union had 1,070 new members join in 2022. The Credit Union opened 3,101 deposit accounts in 2022. The Credit Union offers a variety of deposit account options including share accounts, share draft accounts, money market accounts, individual retirement accounts (ira's), and certificate of deposit accounts with very competitive interest rates. The Credit Union has five branch locations as well as a shared branch program, a 24 hour call center, online banking and bill pay offered at no charge to the membership.
The Credit Union offers consumer loans, mortgage loans, and business loans to membership. The Credit Union granted 2,841 loans for $110,012,964 to its membership in 2022.
Personnel at MCT Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Thad Angelle | President and Chief Executive Officer | $290,305 | 2023-11-23 |
| Karen Frederick | Chief Operations Officer | $171,497 | 2023-11-23 |
| Chad Powell | Executive Vice President and Chief Financial Officer | $208,210 | 2023-11-23 |
| Michael Frazier | Vice President It | $108,278 | 2022-12-31 |
| Brandy Colunga | Vice President Human Resources | $111,771 | 2022-12-31 |
| ...and 6 more key personnel |
Financials for MCT Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $15,058,376 | $14,085,988 | 6.9% |
| Investment income and dividends | $1,954,948 | $1,058,126 | 84.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $78,563 | $259,543 | -69.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $642,067 | $581,180 | 10.5% |
| Total revenues | $17,733,954 | $15,984,837 | 10.9% |
Organizations like MCT Credit Union
| Organization | Type | Location | Revenue |
|---|
| Brazos Valley Schools Credit Union (BVSCU) | 501(c)(14) | Katy, TX | $44,696,240 |
| Capitol Credit Union (CCU) | 501(c)(14) | Austin, TX | $9,538,813 |
| Texas Trust Credit Union | 501(c)(14) | Arlington, TX | $83,493,624 |
| Fort Worth City Credit Union | 501(c)(14) | Fort Worth, TX | $11,089,026 |
| Mobility Credit Union | 501(c)(14) | Irving, TX | $15,048,895 |
| East Texas Professional Credit | 501(c)(14) | Longview, TX | $48,939,993 |
| Southwest Heritage Credit Union | 501(c)(14) | Odessa, TX | $11,453,066 |
| Texas Bay Area Credit Union | 501(c)(14) | Houston, TX | $36,404,556 |
| Libertyone One Credit Union | 501(c)(14) | Arlington, TX | $6,305,907 |
| Memorial Credit Union (MCU) | 501(c)(14) | Houston, TX | $6,273,128 |
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 4 new personnel
January 2, 2024
Used new vendors
Identified 1 new vendor, including
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
- Address
- PO Box 279
- Port Neches, TX 77651
- Metro area
- Beaumont-Port Arthur, TX
- County
- Jefferson County, TX
- Website URL
- mctcu.org/
- Phone
- (800) 846-1751
- Facebook page
- MCTSprout
IRS details
- EIN
- 74-1255147
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1953
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
Free account sign-up
Want updates when MCT Credit Union has new information, or want to find more organizations like MCT Credit Union?
Create free Cause IQ account