Tex Mex Credit Union

Organization Overview

Tex Mex Credit Union is located in Laredo, 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, Tex Mex Credit Union employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Tex Mex 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, Tex Mex Credit Union generated $705.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $649.0k during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS AT COMPETITIVE PRICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

TEX MEX OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITIVE RATES


TEX MEX OFFERS DEPOSIT PRODUCTS AT COMPETITIVE RATES


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Board, Officers & Key Employees

Name (title)Compensation
Enrique Villarreal
President/ceo
$107,000
Cesar Cabello
Board Chair
$0
Joseph Jackson
Vice Chair
$0
Manuel Uribe
Treasurer
$0
Irma Del Barrio
Board Member
$0
Orlando Navarro
Board Member
$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$622,768
Investment income $58,266
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 $705,008

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