EIN 26-3578865

Promise Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
0
State
Year formed
1976
Most recent tax filings
2016-12-01
Notice
This nonprofit is terminated or no longer active
Promise Credit Union may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Promise Credit Union's mission ts to provide financial services mostly to low income families and individuals to help them become financially self-sufficient and to assimilate the unbanked population into the financial mainstream Promise Credit Union'...
Related structure
Promise Credit Union is child organization, under the parent exemption from Credit Union Department of Texas.
Also known as...
Nci Community Development Credit Union
Total revenues
$777,320
2016
Total expenses
$556,851
2016
Total assets
$4,658,061
2016
Num. employees
0
2016

Program areas at Promise Credit Union

Savings Accounts - A major objective of the credit union ts to provide our members with a safe place to keep their money and earn Interest at the same time PCU also encourage its members, especially the younger ones, to develop consistent saving habits. To this end, the credit union has cooperated with several agencies to provide incentives for 1ts members to save At the end of 2016. ww the credit union has 3,119 saving accounts with approximately $2 184 million in deposit and 41 Share Certificate accounts, of which accounts are from members totaling approximately $172K, and 4 accounts are from non-members totaling approximately $860K
Checking Accounts are offered mainly for the convenience of our members in meeting their financial needs To extent the functionality of these accounts, we provide members with free ATM cards, internet account access. bill paying services, and electronic statements At the end of 2016, we have 471 checking accounts totaling about
Loans.- Promise Credit Union offers a varety of consumer loan products to its members, including auto loans, title loans, small equipment loans, citizenship loans (for immigrants applying for US citizenship), Preferred Associate Loans (PAL) and PAL Plus The PAL Plus loan has a saving feature that ts part of the repayment plan and 1s used mostly to build up a member's credit history We also offer credit life and Disability Insurance and Guaranteed Auto Protection (GAP) to our members oo inne

Personnel at Promise Credit Union

NameTitle
Paul WitheyInterim Chief Executive Officer

Financials for Promise Credit Union

RevenuesFYE 12/2016
Total grants, contributions, etc.$312,803
Program services$463,209
Investment income and dividends$1,650
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-342
Total revenues$777,320

Form 990s for Promise Credit Union

Fiscal year endingDate received by IRSFormPDF link
2016-122018-02-15990OView PDF
2015-122016-12-20990OView PDF
2014-122015-11-10990OView PDF
2013-122014-11-13990OView PDF
2012-122014-01-07990OView PDF
...and 3 more Form 990s

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Data update history
March 7, 2020
Updated personnel
Identified 1 new personnel
February 15, 2018
Posted financials
Added Form 990 for fiscal year 2016
Nonprofit Types
Credit unionsChapter / child organizations
Issues
Community improvement
Characteristics
Receives government fundingNo full-time employeesTerminated
General information
Address
PO Box 740948
Houston, TX 77274
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
IRS details
EIN
26-3578865
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1976
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
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