MCT CREDIT UNION
2736 NALL STREET, PORT NECHES, TX 77651 www.mctcu.org

Total Revenue
$16,421,061
Total Expenses
$14,070,079
Net Assets
$30,477,511

Organizations Filed Purposes: TO PROVIDE FINANCIAL SERVICES, LOAN, AND DEPOSIT PRODUCTS THAT WILL MEET NEEDS AND EXPECTATIONS OF THE FIELD OF MEMBERSHIP AND PROVIDE A FAIR AND EQUITABLE RETURN TO THE CREDIT UNION. TO GROW THE FIELD OF MEMBERSHIP BY AGGRESSIVELY PURSUING ALL PERSONS IN NEED OF FINANCIAL PRODUCTS AND SERVICES BY CONTINUALLY ENHANCING PRODUCTS TO BETTER SERVE THE FIELD OF MEMBERSHIP.

THE CREDIT UNION HAD 1,162 NEW MEMBERS JOIN IN 2019. THE CREDIT UNION OPENED 3,907 DEPOSIT ACCOUNTS IN 2019. THE CREDIT UNION OFFERS A VARIETY OF DEPOSIT ACCOUNT OPTIONS INCLUDING SHARE ACCOUNTS, SHARE DRAFT ACCOUNTS, MONEY MARKET ACCOUNTS, INDIVIDUAL RETIREMENT ACCOUNTS (IRA'S), AND CERTIFICATE OF DEPOSIT ACCOUNTS WITH VERY COMPETITIVE INTEREST RATES. THE CREDIT UNION HAS FIVE BRANCH LOCATIONS AS WELL AS A SHARED BRANCH PROGRAM, A 24 HOUR CALL CENTER, ONLINE BANKING AND BILL PAY OFFERED AT NO CHARGE TO THE MEMBERSHIP.

THE CREDIT UNION OFFERS CONSUMER LOANS, MORTGAGE LOANS, AND BUSINESS LOANS TO MEMBERSHIP. THE CREDIT UNION GRANTED 2,690 LOANS FOR $94,321,431 TO ITS MEMBERSHIP IN 2019.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Thaddeus AngellePRESIDENT/CEO50$304,352
Chad PowellEVP/CFO50$168,237
David FontenotCLO50$165,296
Karen FrederickCOO50$141,421
Debra CrewVP REAL ESTATE50$107,789
Dr George ScottDIRECTOR1$0
Deborah NorrisDIRECTOR1$0
James Myers JrDIRECTOR1$0
Michael LairdDIRECTOR1$0
Michael GuidryDIRECTOR1$0
Trent DevenzioDIRECTOR1$0
Rebecca DemeterDIRECTOR1$0
Randy ChanceDIRECTOR1$0
Randy BrownDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013219349304611_public.xml