Triangle Credit Union

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

EIN: 020223137 ✦ Nashua, NH ✦ Designated as a 501(c)(14)

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Overview

What is Triangle Credit Union?

Triangle Credit Union is a New Hampshire-chartered financial institution based in Nashua, specifically located at 33 Franklin Street, ZIP code 03064. With a team of 224 employees, this credit union provides essential financial services to its members. It accepts deposits and offers competitive market rates on loans, with a count of 106,085 deposit accounts and 24,265 loan accounts as of the available data. The mission of Triangle Credit Union is to serve its members effectively by managing their savings and extending credit as needed.


Official website here: www.trianglecu.org

Is Triangle Credit Union legitimate?

Triangle Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Triangle 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: $1,864,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,537,196

For more financial information, click here


Official website here: www.trianglecu.org

What is the mission statement of Triangle Credit Union?

Triangle Credit Union is a member-focused financial institution, operated under a state charter. Its primary purpose is to offer financial services by accepting deposits from and lending to its members. The credit union maintains the deposits of over 100,000 members, providing them with security and access to their funds. It extends loans to its members at competitive market rates, empowering them to meet various financial needs. The credit union's operations revolve around the well-being of its members, ensuring they have access to essential financial services.


Official website here: www.trianglecu.org

Who is the CEO of Triangle Credit Union?

A Scott Mac Knight is the President/ C of Triangle Credit Union.


Official website here: www.trianglecu.org

What is the revenue of Triangle Credit Union?

Triangle Credit Union's revenue in 2022 was $30,787,097.


Official website here: www.trianglecu.org

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

The average compensation at Triangle Credit Union during 2022 was $46,438. There are 224 employees and 9 volunteers at Triangle Credit Union.


Here are 20 key members and their salaries:


A Scott Mac Knight (President/ C)
  • Compensation: $477,341
  • Related: $0
  • Other: $51,850
Mark Warner (Executive Vp)
  • Compensation: $348,295
  • Related: $0
  • Other: $92,944
John Ziemba (Svp Commlend)
  • Compensation: $237,416
  • Related: $0
  • Other: $103,764
Pamela Ford (Svp Of Lendi)
  • Compensation: $214,603
  • Related: $0
  • Other: $69,763
Jose Rivera Hernandez (Vp Of Data S)
  • Compensation: $165,842
  • Related: $0
  • Other: $34,606
Rebecca Thomas (Svp Marketin)
  • Compensation: $150,369
  • Related: $0
  • Other: $36,094
Karen Wood (Svp Finance/)
  • Compensation: $169,550
  • Related: $0
  • Other: $13,298
Karin Taylor (Svp Human Re)
  • Compensation: $164,808
  • Related: $0
  • Other: $2,171
Lisa Van Biene (Vp Of Member)
  • Compensation: $153,723
  • Related: $0
  • Other: $11,456
Seana Hill (Branch Manag)
  • Compensation: $100,476
  • Related: $0
  • Other: $14,320
Linda Anderson (Branch Manag)
  • Compensation: $102,271
  • Related: $0
  • Other: $10,455
Margo Compagna (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Degulis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Demers (1St Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Duhaime (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fredette (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Maclennan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Richardson (2Nd Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lilian Rodriguez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adeel Tahir (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.trianglecu.org

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

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


Official website here: www.trianglecu.org

Learn more at the official website: www.trianglecu.org

Mission Statement of Triangle Credit Union

Triangle Credit Union, a state-chartered financial institution, is dedicated to offering financial services by collecting deposits from and lending to its member base. This credit union's primary mission centers around managing member deposit accounts, with a current count of 106,085. In addition to maintaining these accounts, Triangle Credit Union also extends loans to its members at market rates of interest, with a total of 24,265 loan accounts in their portfolio.

Triangle Credit Union's core activity revolves around providing essential financial services to its expanding member base. The credit union's deposits are used to make loans to members, allowing them to access necessary funds for various purposes. The institution's commitment to offering market-rate loans demonstrates its dedication to financial inclusivity and fairness for its members.

Triangle Credit Union's role extends beyond simple financial transactions. By operating as a credit union, this financial institution fosters a cooperative spirit among its members, promoting financial well-being and community within its membership. The credit union's mission to provide financial services serves as the foundation for creating opportunities and improving the financial lives of its members.

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Impact




October, 2024

Triangle Credit Union significantly impacts the financial well-being of its members and the broader community in Nashua, NH. By maintaining a robust infrastructure for member deposit accounts, which number over 106,000, it ensures individuals have a secure place to save and grow their finances.

Moreover, the credit union actively supports its members through lending, with approximately 24,265 loan accounts. By providing loans at market rates of interest, Triangle Credit Union empowers members to achieve their personal and financial goals, whether that be purchasing a home, financing education, or managing other essential expenses.

Overall, Triangle Credit Union plays a vital role in fostering economic stability and growth, contributing to the public benefit by prioritizing the financial needs of its community.




This information is meant to be a general summary of Triangle 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
$30,787,097 (2022)
Expenses
$28,733,042 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,237,664
  • Program Service Revenue: $21,014,388
  • Gross Receipts: $30,853,391

Assets and Liabilities:

  • Total Assets: $916,891,739
  • Total Liabilities: $869,596,075
  • Net Assets: $47,295,664

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Programs

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

LOAN INCOME

Revenue

$21,014,388

Organization Details

Founding Year

1939

Principal Officer

A Scott Mac Knight

Main Address

33 FRANKLIN STREET, NASHUA, NH, 03064

NTEE Category

Code: W60 - Public benefit

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