EIN 75-0869112

Sweetex Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
2
State
Year formed
1952
Most recent tax filings
2023-12-01
Description
Sweetex Credit Union offers savings and loans to a single employee group and their families at economical rates, while encouraging the financial health of our member-owners. The Credit Union has provided vehicle and other secured loans since its beginning in 1952, now including efficient underwriting and flexible offerings for RVs, boats, motorcycles, new and used autos, and more. Member share/savings accounts offer advantages to members of all ages, with over 1000 member-owned accounts as of December 31, 2012 paid dividends monthly with availability.
Related structure
Sweetex Credit Union is child organization, under the parent exemption from Credit Union Department of Texas.
Total revenues
$291,719
2023
Total expenses
$290,575
2023
Total assets
$10,035,093
2023
Num. employees
2
2023

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

NameTitleCompensation
Lawanda DrennanPresident and Chief Executive Officer$84,067
Raymond F TaylorBoard Vice Chairman$0
Rita HoganBoard Chairman$0
Ronald TevebaughDirector$0
Billy ParrBoard Secretary$0
...and 2 more key personnel

Financials for Sweetex Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$168,217
Investment income and dividends$123,502
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$0
Total revenues$291,719

Form 990s for Sweetex Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-06990View PDF
2022-122023-05-08990View PDF
2021-122022-05-09990View PDF
2020-122021-04-12990View PDF
2019-122020-08-11990View PDF
...and 10 more Form 990s

Organizations like Sweetex Credit Union

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Txdot Credit UnionAbilene, TX$699,461
Odessa City Employees Credit UnionOdessa, TX$758,885
Longview Consolidated Credit UnionLongview, TX$563,636
The Electric Utilities Credit UnionBig Spring, TX$198,356
Highway District 19 Employees Credit UnionAtlanta, TX$392,003
Trinity Valley Teacher Credit UnionPalestine, TX$946,207
Highway Employees Credit UnionTyler, TX$108,615
St Joseph's Credit UnionSan 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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