Overview
What is Connected Credit Union?
Connected Credit Union is a member-focused financial institution, headquartered with over 3,869 members as of November 2019. This nonprofit organization offers a range of savings and loan services, ensuring access to affordable and top-notch financial solutions for its members. The credit union's mission revolves around providing these financial services, thereby empowering its community to manage their finances effectively.
Official website here: www.connectedcreditunion.org
Is Connected Credit Union legitimate?
Connected Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Connected 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: $606,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $716,667
For more financial information, click here
Official website here: www.connectedcreditunion.org
What is the mission statement of Connected Credit Union?
Connected Credit Union is committed to serving its members by offering them savings and loan services. The credit union boasts a membership of 3,869 individuals as of November 30, 19, providing them with access to a range of high-quality, low-cost services. By doing so, Connected Credit Union aims to contribute positively to its members' financial well-being. The credit union's primary goal is to ensure that its services are affordable and of the highest quality, thereby benefiting its members effectively.
Official website here: www.connectedcreditunion.org
Who is the CEO of Connected Credit Union?
Richard Lachance is the Chairman of Connected Credit Union. The CEO's salary of Connected Credit Union is $136,873 and their total compensation is $171,601.
Official website here: www.connectedcreditunion.org
What is the revenue of Connected Credit Union?
Connected Credit Union's revenue in 2022 was $4,668,287.
Official website here: www.connectedcreditunion.org
Who are the executives of Connected Credit Union and what are their salaries?
The average compensation at Connected Credit Union during 2022 was $45,642. There are 29 employees and 14 volunteers at Connected Credit Union.
Here are 12 key members and their salaries (Connected Credit Union's CEO's salary is $136,873 and their total compensation is $171,601):
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- Compensation: $136,873
- Related: $0
- Other: $34,728
- Compensation: $85,054
- Related: $0
- Other: $21,013
- Compensation: $171,644
- Related: $0
- Other: $26,086
- Compensation: $106,741
- Related: $0
- Other: $24,823
Official website here: www.connectedcreditunion.org
Where can I find the form 990 for Connected Credit Union?
Connected Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.connectedcreditunion.org
Learn more at the official website: www.connectedcreditunion.org
Mission Statement of Connected Credit Union
Connected Credit Union, as the name suggests, is dedicated to serving its members by providing them with savings and loan services. This mission is reflected in the 3,869 members who can benefit from the credit union's offerings as of November 30, 19. The services provided by Connected Credit Union are characterized by their affordability and quality. This means that members have access to a wide range of financial solutions at competitive prices. The credit union's mission is essential in empowering its members to manage their finances effectively and make informed financial decisions. By providing low-cost services, Connected Credit Union enables its members to save money and improve their financial well-being. In essence, Connected Credit Union's mission is to be a trusted financial partner to its members, offering them the tools and resources they need to achieve financial stability and success.
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Impact
October, 2024
Connected Credit Union plays a vital role in the community by offering valuable savings and loan services to its members. With a membership base of 3,869 as of November 30, 2019, the credit union provides access to a diverse range of low-cost, high-quality financial products. This enables individuals and families in Augusta, ME, to manage their finances more effectively, build savings, and achieve their financial goals. By focusing on member needs and prioritizing affordability, Connected Credit Union enhances financial stability and empowers its members to improve their quality of life. Through its services, it nurtures a sense of community and collective support, fostering public benefit for residents in the area.
This information is meant to be a general summary of Connected 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $610,123
- Program Service Revenue: $2,748,142
- Gross Receipts: $4,668,287
Assets and Liabilities:
- Total Assets: $119,172,274
- Total Liabilities: $107,631,898
- Net Assets: $11,540,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME FROM MEMBE
Revenue
$2,748,142
Organization Details
Founding Year
1967
Phone
(207) 623-3857Principal Officer
Richard Lachance
Main Address
PO BOX 1096, AUGUSTA, ME, 043321096
Website
www.connectedcreditunion.orgNTEE Category
Code: W60 - Public benefit
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