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Filing year 2024

MCT CREDIT UNION

Port Neches, Texas·EIN 74-1255147·501(c)(14)
Total revenue
$21.7M
Total assets
$358.6M
Total expenses
$20.7M
Reported officers
17
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$654k
$694k
Base
$353k
Bonus
Other
Benefits
$25k
COO
Above 90th percentile
$347k
$369k
Base
$196k
Bonus
Other
Benefits
$11k
Evp/cfo
Officer (Unspecified)
$292k
$310k
Base
$220k
Bonus
Other
Benefits
$11k
VP of Business Lending
Board Vice President
75th to 90th percentile
$229k
$243k
Base
$176k
Bonus
Other
Benefits
$11k
SVP of Operations
Senior Vice President
25th percentile to median
$198k
$210k
Base
$153k
Bonus
Other
Benefits
$11k
VP IT
Board Vice President
Median to 75th percentile
$195k
$207k
Base
$128k
Bonus
Other
Benefits
$19k
VP Consumer Lending
Board Vice President
Median to 75th percentile
$163k
$173k
Base
$120k
Bonus
Other
Benefits
$11k
Vice President Human Resou
Board Vice President
Median to 75th percentile
$162k
$171k
Base
$129k
Bonus
Other
Benefits
$520

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Up 8%
from 2023

From $608k in 2023 to $654k in 2024.

$608k
2023
$654k
2024
In today's dollarsEst.
Up 4% in real terms$664k to $694k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue rose 7%.

$608k in 2023 to $654k in 2024.
  • Chief Operating Officer pay fell 8% from 2023 to 2024.
  • Board Vice President pay rose 22% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MCT CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$20.3M
$19.3M
2023
$21.7M
$20.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MCT CREDIT UNION

What does the Chief Executive Officer of MCT CREDIT UNION earn?

In 2024, the Chief Executive Officer of MCT CREDIT UNION received $653,984 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MCT CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MCT CREDIT UNION falls in the top 10%.

What are MCT CREDIT UNION's revenue and expenses?

In 2024, MCT CREDIT UNION reported $21.7M in total revenue and $20.7M in total expenses on its IRS Form 990.

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