Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010206603 ✦ Lewiston, ME ✦ Designated as a 501(c)(14)

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Overview

What is Community Credit Union?

Community Credit Union is a member-led financial institution that prioritizes stability for its members, employees, and communities at various life stages. By offering financial services, this nonprofit organization aims to support its members in their financial journeys. The mission of Community Credit Union is deeply rooted in its commitment to ensuring financial well-being for all, fostering a sense of security and prosperity within its community.


Official website here: www.communitycreditunion.com

Is Community Credit Union legitimate?

Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $154,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,563,036

For more financial information, click here


Official website here: www.communitycreditunion.com

What is the mission statement of Community Credit Union?

Community Credit Union, as a member-owned organization, aims to deliver financial services with the goal of ensuring stability for its members, employees, and the communities they serve, at all stages of life. The union's mission is centered around providing financial assistance, working diligently to maintain stability and security for its members and the communities they are a part of. By offering financial services, Community Credit Union aims to contribute positively to the well-being of its members, fostering a sense of security and stability throughout their lives.


Official website here: www.communitycreditunion.com

Who is the CEO of Community Credit Union?

Jennifer Hogan is the Chair of Community Credit Union. The CEO's salary of Community Credit Union is $147,000 and their total compensation is $154,100.


Official website here: www.communitycreditunion.com

What is the revenue of Community Credit Union?

Community Credit Union's revenue in 2022 was $6,012,945.


Official website here: www.communitycreditunion.com

Who are the executives of Community Credit Union and what are their salaries?

The average compensation at Community Credit Union during 2022 was $37,329. There are 46 employees at Community Credit Union.


Here are 7 key members and their salaries (Community Credit Union's CEO's salary is $147,000 and their total compensation is $154,100):


Marcel Gagne (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Keene (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Adams (Clerk/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Austin Albert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Schmieks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maynard Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer M Hogan (President/Ceo)
  • Compensation: $147,000
  • Related: $0
  • Other: $7,100


Official website here: www.communitycreditunion.com

Where can I find the form 990 for Community Credit Union?

Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.communitycreditunion.com

Learn more at the official website: www.communitycreditunion.com

Mission Statement of Community Credit Union

Community Credit Union, as a member-owned organization, is dedicated to providing financial services with the primary goal of ensuring stability for its members, employees, and the wider communities, at all stages of life. The union's mission is to offer financial assistance, aiming to maintain a stable financial footing for all its stakeholders. By offering financial services, Community Credit Union aims to contribute positively to the lives of its members, providing them with the tools they need to navigate various life stages with financial security.

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Impact




October, 2024

Community Credit Union plays a vital role in enhancing the financial stability of its members, employees, and the broader Lewiston community. As a member-owned organization, it prioritizes the financial well-being of individuals at all stages of life. This commitment translates into accessible banking services that empower members to manage their finances effectively, achieve their goals, and navigate financial challenges.

Through its range of services, Community Credit Union fosters economic stability, promotes responsible financial practices, and strengthens community ties. By focusing on the needs of its members, the organization enhances financial literacy and offers support that adapts to the evolving demands of its community. Ultimately, Community Credit Union's impact is seen in the enriched lives of its members, who benefit from a supportive network that encourages financial growth and resilience.




This information is meant to be a general summary of Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$6,012,945 (2022)
Expenses
$4,932,842 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $6,012,945
  • Gross Receipts: $6,012,945

Assets and Liabilities:

  • Total Assets: $94,739,366
  • Total Liabilities: $84,631,886
  • Net Assets: $10,107,480

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FINANCIAL INSTITUTION

Revenue

$6,012,945

Organization Details

Founding Year

1945

Principal Officer

Jennifer Hogan

Main Address

144 PINE STREET, LEWISTON, ME, 04240

NTEE Category

Code: W60 - Public benefit

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