Skel-Tex Credit Union

Organization Overview

Skel-Tex Credit Union is located in Skellytown, TX. The organization was established in 1976. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Skel-Tex Credit Union employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Skel-Tex Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2022, Skel-Tex Credit Union generated $192.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $195.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SAVINGS AND LOANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TOTAL FUNCTIONAL EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Terri Cone
Manager
$51,407
Susie Edwards
Board Secretary
$0
Glenna Swanson
Board Director
$0
Raymond Hanover
Board Director
$0
Reva Williams
Board Treasurer
$0
Larry Brown
Board Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $33,025
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $192,873

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