UNITED CREDIT UNION
4901 OLD JACKSONVILLE HWY, TYLER, TX 75703 www.unitedcu.coop

Total Revenue
$1,474,772
Total Expenses
$1,204,643
Net Assets
$2,075,228

Organizations Filed Purposes: COOPERATIVE, MEMBERSHIP OWNED, NON-PROFIT PROVIDER OF FULL FINANCIAL SERVICES TO MEMBERS

LOANS: RESIDENTIAL MORTGAGE, VEHICLE, PERSONAL AND CREDIT CARD LOANS ARE ALL OFFERED. RELATED SERVICES SUCH AS CREDIT LIFE, CREDIT DISABILITY, DENT GUARD, MECHANICAL REPAIR COVERAGE, AND GAP ARE ALL ALSO OFFERED.

ACCOUNTS: CERTIFICATE TERM SHARE ACCOUNTS: TERM SHARE CERTIFICATES ARE SAVINGS ACCOUNTS THAT ARE PLACED ON DEPOSIT FOR SPECIFIC PERIODS OF TIME. THEY HAVE A HIGHER EARNING RATE FOR MEMBERS DUE TO THE REQUIRED TIME FRAME TO REMAIN ON DEPOSIT. REMOVAL BEFORE MATURITY RESULTS IN A PENALTY. TERM SHARE CERTIFICATES ARE THE LARGEST ACCOUNT EXPENSE FOR BOTH SAVINGS AND CHECKING ACCOUNTS.

TECHNOLOGY SERVICES: TECHNOLOGY IN TODAYS AGE IS ALWAYS CHANGING AND GROWING EACH YEAR. THIS CAUSES THE EXPENSE TO BE QUITE LARGE IN ORDER TO STAY CURRENT WITH TODAYS WANTS AND NEEDS FOR MEMBERS. THE TECHNOLOGY SERVICES INCLUDE ONLINE BANKING, ONLINE LOAN APPLICATIONS, ONLINE SECURED DOCUSIGN, ONLINE MOBILE DEPOSIT, BILL PAY AND ESTATEMENT. THE TECHNOLOGY ALSO MUST BE UPDATED AND UPGRADED TO ENSURE THAT THEY ARE SECURE AND WORKING PROPERLY.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Sherri McelyeaPRESIDENT44$64,725
Cameron AndersonVICE PRESIDENT41$52,467
Christi OgdenBOARD MEMBER0.5$0
Lara SavoieSEC-TREAS0.5$0
Nars BuenaventuraBOARD MEMBER0.5$0
David AdamsBOARD MEMBER0.5$0
Courtney KlepferVICE CHAIRMAN0.5$0
Nancy ParkerBOARD MEMBER0.5$0
George CreelCHAIRMAN0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202011329349300136_public.xml