Athol Credit Union

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

EIN: 041046540 ✦ Athol, MA ✦ Designated as a 501(c)(14)

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Overview

What is Athol Credit Union?

Athol Credit Union is a community-focused financial institution located at 513 Main Street, Athol, MA 01331. As a nonprofit organization, it primarily operates with a mission to manage deposits and extend loans to its members. The benefits it offers include dividends on deposit accounts and easy access to credit, ensuring financial well-being for its members. With a workforce of 40 employees, Athol Credit Union plays a significant role in supporting the financial needs of its community by providing essential banking services.


Official website here: www.atholcreditunion.com

Is Athol Credit Union legitimate?

Athol Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Athol 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: $482,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $739,788

For more financial information, click here


Official website here: www.atholcreditunion.com

What is the mission statement of Athol Credit Union?

The Athol Credit Union is committed to serving its members by accepting deposits and providing them with accessible credit. The benefits of membership include dividends on deposit accounts. The primary activity of the credit union involves the origination and maintenance of members' deposit accounts. By doing so, the credit union aims to contribute positively to the financial well-being of its members.

In essence, the Athol Credit Union serves as a financial cooperative, offering a platform where its members can save and borrow funds. The dividends paid on deposit accounts serve as a return on investment for members, while the accessible credit ensures financial flexibility. The credit union's main function lies in managing its members' deposit accounts, thereby promoting financial stability and growth within its membership base.


Official website here: www.atholcreditunion.com

Who is the CEO of Athol Credit Union?

Courtney Fifield is the Director of Athol Credit Union. The CEO's salary of Athol Credit Union is $160,902 and their total compensation is $173,426.


Official website here: www.atholcreditunion.com

What is the revenue of Athol Credit Union?

Athol Credit Union's revenue in 2022 was $4,194,178.


Official website here: www.atholcreditunion.com

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

The average compensation at Athol Credit Union during 2022 was $30,549. There are 40 employees at Athol Credit Union.


Here are 11 key members and their salaries (Athol Credit Union's CEO's salary is $160,902 and their total compensation is $173,426):


Lisa Carey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Eaton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Casella (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Len Crossman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brianna Drohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William J Caldwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Gonynor (Vp Of Project Management)
  • Compensation: $93,130
  • Related: $0
  • Other: $13,174
Courtney Fifield (President And Ceo)
  • Compensation: $160,902
  • Related: $0
  • Other: $12,524
Lindsay Jamieson (Vp Of Accounting)
  • Compensation: $96,807
  • Related: $0
  • Other: $1,777
Luis Cisneros (Vp Of Lending)
  • Compensation: $98,122
  • Related: $0
  • Other: $5,748


Official website here: www.atholcreditunion.com

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

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


Official website here: www.atholcreditunion.com

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

Mission Statement of Athol Credit Union

Athol Credit Union is an organization that is committed to serving its members by accepting deposits and providing loans. The primary objective of this credit union is to offer accessible credit and dividends on deposit accounts to its members. By maintaining members' deposit accounts, Athol Credit Union ensures financial security and growth for its members. In essence, Athol Credit Union's mission is to empower its members by providing them with financial services that promote savings and credit accessibility.

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Impact




October, 2024

Athol Credit Union significantly impacts the Athol community by promoting financial stability and access to credit for its members. By accepting deposits and granting loans, the credit union facilitates savings and provides essential funding for personal and community projects. Members benefit from competitive dividends on their deposit accounts, which encourages them to save and invest in their futures. Furthermore, Athol Credit Union's commitment to providing accessible credit empowers individuals to make significant purchases, such as homes or vehicles, thus contributing to local economic growth. Overall, the credit union plays a vital role in enhancing financial well-being and fostering community development.




This information is meant to be a general summary of Athol 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
$4,194,178 (2022)
Expenses
$3,449,455 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $159,864
  • Program Service Revenue: $3,987,913
  • Gross Receipts: $4,194,178

Assets and Liabilities:

  • Total Assets: $84,943,474
  • Total Liabilities: $76,950,431
  • Net Assets: $7,993,043

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Programs

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

LOAN INCOME

Revenue

$3,028,489

MEMBER SERVICE FEES

Revenue

$959,424

Organization Details

Founding Year

1930

Principal Officer

Courtney Fifield

Main Address

513 MAIN STREET, ATHOL, MA, 01331

NTEE Category

Code: W60 - Public benefit

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