Overview
What is City Of Boston Credit Union?
City of Boston Credit Union, established in 1915, is one of the oldest credit unions in the United States. Based in Boston, this nonprofit institution prioritizes providing essential financial services to its members. With a commitment to being the primary financial partner, the credit union offers various thrift services to its community. Founded over a century ago, its mission continues to serve and support the financial needs of its members.
Official website here: www.cityofbostoncu.com
What do the Facebook reviews say about City Of Boston Credit Union?
90% of 29 reviewers on Facebook recommend City Of Boston Credit Union. Here is a summary of their reviews:
Many customers express satisfaction with the credit union's services, highlighting a sense of loyalty built over several years. However, there are notable concerns regarding customer service and communication, particularly in cases of error. One reviewer described a significant issue where an overdue payment notice was received despite automatic deductions being in place, indicating a potential flaw in the system that could impact credit scores.
Overall, while the majority of clients appreciate their long-term relationship with the credit union, there are hints of frustration with how certain issues are managed. The experiences shared suggest that, while the organization fulfills its core offerings, there are areas needing improvement in ensuring accurate account management and customer support.
This AI summary has been generated from reviews found on Facebook.
Is City Of Boston Credit Union legitimate?
City Of Boston Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. City Of Boston 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: $1,248,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,885,016
For more financial information, click here
Official website here: www.cityofbostoncu.com
What is the mission statement of City Of Boston Credit Union?
City of Boston Credit Union, established in 1915, serves as the primary financial provider for its members. With a rich history as one of the oldest Credit Unions in the US, its mission is to cater to the financial needs of its members. The credit union aims to offer a comprehensive range of financial services, positioning itself as a trusted financial partner. By focusing on its members, it aspires to enhance their financial well-being and contribute to their overall financial success. Additionally, it strives to provide personalized and efficient services, ensuring its members have access to financial solutions tailored to their needs.
Official website here: www.cityofbostoncu.com
Who is the CEO of City Of Boston Credit Union?
Neil Gordon is the CEO of City Of Boston Credit Union The CEO's salary of City Of Boston Credit Union is $105,732 and their total compensation is $106,250.
Official website here: www.cityofbostoncu.com
What is the revenue of City Of Boston Credit Union?
City Of Boston Credit Union's revenue in 2023 was $25,890,287.
Official website here: www.cityofbostoncu.com
Who are the executives of City Of Boston Credit Union and what are their salaries?
The average compensation at City Of Boston Credit Union during 2023 was $54,042. There are 95 employees and 7 volunteers at City Of Boston Credit Union.
Here are 23 key members and their salaries (City Of Boston Credit Union's CEO's salary is $105,732 and their total compensation is $106,250):
- Compensation: $261,250
- Related: $0
- Other: $0
- Compensation: $174,946
- Related: $0
- Other: $50,270
- Compensation: $156,650
- Related: $0
- Other: $30,758
- Compensation: $148,057
- Related: $0
- Other: $23,786
- Compensation: $134,668
- Related: $0
- Other: $31,486
- Compensation: $134,810
- Related: $0
- Other: $22,426
- Compensation: $156,900
- Related: $0
- Other: $0
- Compensation: $143,800
- Related: $0
- Other: $0
- Compensation: $115,810
- Related: $0
- Other: $23,243
- Compensation: $104,794
- Related: $0
- Other: $29,488
- Compensation: $105,732
- Related: $0
- Other: $518
- Compensation: $47,250
- Related: $0
- Other: $0
- Compensation: $7,200
- Related: $0
- Other: $396
- Compensation: $7,200
- Related: $0
- Other: $258
- Compensation: $7,200
- Related: $0
- Other: $138
- Compensation: $3,846
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $1,236
- Compensation: $0
- Related: $0
- Other: $1,236
- Compensation: $0
- Related: $0
- Other: $762
- Compensation: $0
- Related: $0
- Other: $396
- Compensation: $0
- Related: $0
- Other: $138
- Compensation: $0
- Related: $0
- Other: $127
- Compensation: $0
- Related: $0
- Other: $90
Official website here: www.cityofbostoncu.com
Where can I find the form 990 for City Of Boston Credit Union?
City Of Boston Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cityofbostoncu.com
Learn more at the official website: www.cityofbostoncu.com
Mission Statement of City Of Boston Credit Union
City of Boston Credit Union, a pioneering financial institution established in 1915, is dedicated to serving its members as their principal financial service provider. With a rich history spanning more than a century, the Credit Union has stood the test of time and continues to thrive. Its mission is to put its members' financial needs at the forefront, offering essential services to help them manage their money effectively. By being a reliable and trusted financial partner, City of Boston Credit Union aims to contribute positively to the financial well-being of its members.
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Impact
October, 2024
City of Boston Credit Union has a significant impact on the South Boston community and its members by providing essential financial services that foster economic stability and growth. As one of the oldest credit unions in the United States, established in 1915, it has deep roots in the community, positioning itself as a trusted financial partner.
The credit union focuses on thrift services, encouraging saving and responsible financial management among its members. By offering competitive rates and personalized services, City of Boston Credit Union empowers individuals and families to achieve their financial goals, whether that includes purchasing a home, saving for education, or planning for retirement.
Moreover, its commitment to being the primary financial service provider means that the credit union actively engages in community development, helping to bolster the local economy. By supporting its members financially, City of Boston Credit Union contributes to the overall economic well-being of the area, promoting public benefit and enhancing the quality of life for those it serves.
This information is meant to be a general summary of City Of Boston 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 2023.
- Investment Income: $2,923,417
- Program Service Revenue: $25,366,597
- Gross Receipts: $28,290,015
Assets and Liabilities:
- Total Assets: $674,850,893
- Total Liabilities: $639,272,398
- Net Assets: $35,578,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$21,788,978
MEMBER SERVICE FEES
Revenue
$2,656,689
OTHER INCOME
Revenue
$834,113
NON MEMBER ATM INCOME
Revenue
$47,802
RENTAL INCOME
Revenue
$39,015
Organization Details
Founding Year
1915
Principal Officer
Cecil Jones
Website
www.cityofbostoncu.comNTEE Category
Code: W60 - Public benefit
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