Program areas at Sweetex Credit Union
Member share/savings accounts-sweetex Credit Union's share/savings accounts offer advantages to members of all ages. The Credit Union had more than 1000 member owned accounts on december 31, 2012. Member accounts are paid dividends monthly with availability of direct deposit and ach for transactions. The Credit Union encourages the development of saving habits.
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.
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.
Personnel at Sweetex Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Lawanda Drennan | President and Chief Executive Officer | $84,067 | 2024-05-06 |
| Raymond F Taylor | Board Vice Chairman | $0 | 2023-12-31 |
| Rita Hogan | Board Chairman | $0 | 2023-12-31 |
| Ronald Tevebaugh | Director | $0 | 2023-12-31 |
| Billy Parr | Board Secretary | $0 | 2022-12-31 |
| ...and 2 more key personnel |
Financials for Sweetex Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $168,217 | $148,161 | 13.5% |
| Investment income and dividends | $123,502 | $125,936 | -1.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $291,719 | $274,097 | 6.4% |
Organizations like Sweetex Credit Union
| Organization | Type | Location | Revenue |
|---|
| Highway District 2 Credit Union - Hwy District 2 Credit Union | 501(c)(14) | Fort Worth, TX | $208,734 |
| Concho Valley Credit Union | 501(c)(14) | San Angelo, TX | $985,170 |
| Txdot Credit Union | 501(c)(14) | Abilene, TX | $699,461 |
| Odessa City Employees Credit Union | 501(c)(14) | Odessa, TX | $758,885 |
| Longview Consolidated Credit Union | 501(c)(14) | Longview, TX | $563,636 |
| The Electric Utilities Credit Union | 501(c)(14) | Big Spring, TX | $198,356 |
| Highway District 19 Employees Credit Union | 501(c)(14) | Atlanta, TX | $392,003 |
| Trinity Valley Teacher Credit Union | 501(c)(14) | Palestine, TX | $946,207 |
| Highway Employees Credit Union | 501(c)(14) | Tyler, TX | $108,615 |
| St Joseph's Credit Union | 501(c)(14) | San Antonio, TX | $1,039,473 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 1 new personnel
July 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
July 8, 2022
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
- Address
- 4421 W LP 281
- Longview, TX 75604
- Metro area
- Longview, TX
- County
- Gregg County, TX
- Phone
- (903) 753-1150
IRS details
- EIN
- 75-0869112
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1952
- 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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