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Granite State Credit Union

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

EIN: 020227484 ✦ Manchester, NH ✦ Designated as a 501(c)(14)

Overview

What is Granite State Credit Union?

Granite State Credit Union, based in Manchester, New Hampshire, is a local financial institution and member-owned credit union. Their primary objective is to offer deposit and lending services to their member community. As a financial institution, they provide a platform for members to save and access funds, while their lending services assist members in acquiring loans for various purposes.


Official website here: www.gscu.org

Is Granite State Credit Union legitimate?

Granite State Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Granite State 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,470,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,538,615

For more financial information, click here


Official website here: www.gscu.org

What is the mission statement of Granite State Credit Union?

Granite State Credit Union is a financial institution dedicated to offering deposits and lending services to its members. The mission of this credit union is to facilitate financial transactions that cater to the needs of its member base. By prioritizing deposits and lending, Granite State Credit Union aims to promote financial security and accessibility for its members. Its operations are designed to foster financial stability and growth within the community it serves. Through various financial products and services, the credit union empowers its members to manage their money effectively and achieve their financial goals.


Official website here: www.gscu.org

Who is the CEO of Granite State Credit Union?

Denise L Barstow is the President/Ceo of Granite State Credit Union. The CEO's salary of Granite State Credit Union is $595,037 and their total compensation is $602,759.


Official website here: www.gscu.org

What is the revenue of Granite State Credit Union?

Granite State Credit Union's revenue in 2022 was $34,223,432.


Official website here: www.gscu.org

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

The average compensation at Granite State Credit Union during 2022 was $57,042. There are 193 employees and 9 volunteers at Granite State Credit Union.

Here are 16 key members and their salaries (Granite State Credit Union's CEO's salary is $595,037 and their total compensation is $602,759):

    Denise L Barstow (President/Ceo)
  • Compensation: $595,037
  • Related: $0
  • Other: $7,722

    • Michele M Plaza (Executive Vice President)
  • Compensation: $334,613
  • Related: $0
  • Other: $9,776

    • Karen L Laplume (Executive Vice President)
  • Compensation: $278,430
  • Related: $0
  • Other: $7,382

    • Lisa R Barowski (Executive Vice President/Cfo)
  • Compensation: $262,358
  • Related: $0
  • Other: $3,350

    • Lisa D Egan (Vice President - Hr)
  • Compensation: $164,660
  • Related: $0
  • Other: $9,250

    • Dennis A Hebert (Vp Culture And Employee Engagement)
  • Compensation: $157,712
  • Related: $0
  • Other: $6,409

    • Willie House (Vp - It)
  • Compensation: $159,061
  • Related: $0
  • Other: $4,361

    • Tracey A Healey (Vice President - Lending)
  • Compensation: $158,218
  • Related: $0
  • Other: $5,145

    • Lisa M Reeder (Vp Risk & Business Solutions)
  • Compensation: $157,648
  • Related: $0
  • Other: $1,048

    • Allen Pattee (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Ramsey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerard Ferrari (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margie Hodes (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Vandeberghe (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Wiggett Sr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lorrie Piper (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.gscu.org

    Where can I find the form 990 for Granite State Credit Union?

    The Granite State Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.gscu.org

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

    Mission Statement of Granite State Credit Union

    Granite State Credit Union, headquartered in Manchester, New Hampshire, is a financially-focused organization dedicated to offering deposits and lending services to its valued members. By providing these essential financial services, the credit union aims to make a significant difference in the lives of its community.

    Established as a financial institution and credit union, Granite State Credit Union sets out to help individuals and families in their financial endeavors. Through its core mission, the organization offers a range of financial products and services, with a special emphasis on lending and savings solutions. This nonprofit institution prides itself on catering to the unique financial needs of its members, fostering financial growth and stability.

    At the heart of Granite State Credit Union's operations lies its commitment to its members. By offering tailored financial solutions, the credit union empowers its members to take charge of their financial futures. Whether it's securing a loan to purchase a home, saving for a child's education, or managing everyday expenses, Granite State Credit Union is there to support its members every step of the way. With a customer-centric approach, this nonprofit organization strives to build strong and lasting relationships, ensuring the financial well-being of its community.

    Impact

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




    Sunday, April 14, 2024

    Granite State Credit Union's impact lies in its provision of essential financial services such as deposits and lending to its members. By offering these services, Granite State Credit Union plays a vital role in supporting the financial well-being and stability of individuals and the community in Manchester, NH. Through its mission-driven approach, Granite State Credit Union contributes to promoting financial inclusion and empowerment among its members, ultimately fostering economic growth and resilience in the local area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $1,352,919
  • Program Service Revenue: $22,981,260
  • Gross Receipts: $34,611,204

    • Assets and Liabilities:
  • Total Assets: $634,204,646
  • Total Liabilities: $583,464,737
  • Net Assets: $50,739,909
  • Programs

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

    Income on loans

    Revenue

    $22,981,260

    Organization Details

    Founding Year

    1945

    Principal Officer

    Denise L Barstow

    Main Address

    1415 Elm Street, Manchester, NH, 03101

    NTEE Category

    Code: W60 - Public benefit