Overview
What is Brotherhood Credit Union?
Brotherhood Credit Union is a financial institution, functioning as a nonprofit organization, primarily dedicated to serving its members. Its primary activities involve managing membership accounts, offering interest and dividends on these accounts, and facilitating both deposit and loan services. As of the provided information, Brotherhood Credit Union maintains 6,963 deposit accounts and 1,149 loan accounts, demonstrating its commitment to its members' financial well-being.
Official website here: www.brotherhoodcu.org
What do the Facebook reviews say about Brotherhood Credit Union?
100% of reviewers on Facebook recommend Brotherhood Credit Union. Here is a summary of their reviews:
The overarching sentiment reflects a strong appreciation for the friendly and supportive staff at the organization. Many users express that the team consistently demonstrates kindness and a willingness to assist, contributing to a positive atmosphere. Personal interactions highlighted the employees' attentiveness, ensuring customers feel valued.
Overall, the consensus is that Brotherhood Credit Union stands out for its exceptional service and the welcoming environment it fosters, making it a trusted choice for its members.
This AI summary has been generated from reviews found on Facebook.
Is Brotherhood Credit Union legitimate?
Brotherhood Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Brotherhood 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: $373,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,044,060
For more financial information, click here
Official website here: www.brotherhoodcu.org
What is the mission statement of Brotherhood Credit Union?
Brotherhood Credit Union is dedicated to serving its members by managing their accounts, offering interest and dividends, and maintaining a total of 6,963 deposit accounts and 1,149 loan accounts. Its mission primarily revolves around providing credit union member services, ensuring the well-being of its membership base.
Official website here: www.brotherhoodcu.org
Who is the CEO of Brotherhood Credit Union?
Adam H Sherman is the President of Brotherhood Credit Union.
Official website here: www.brotherhoodcu.org
What is the revenue of Brotherhood Credit Union?
Brotherhood Credit Union's revenue in 2022 was $3,117,598.
Official website here: www.brotherhoodcu.org
Who are the executives of Brotherhood Credit Union and what are their salaries?
The average compensation at Brotherhood Credit Union during 2022 was $52,512. There are 27 employees and 9 volunteers at Brotherhood Credit Union.
Here are 13 key members and their salaries:
- Compensation: $156,838
- Related: $0
- Other: $34,054
- Compensation: $144,468
- Related: $0
- Other: $31,056
- Compensation: $102,359
- Related: $0
- Other: $13,181
- Compensation: $7,000
- Related: $0
- Other: $350
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.brotherhoodcu.org
Where can I find the form 990 for Brotherhood Credit Union?
Brotherhood Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brotherhoodcu.org
Learn more at the official website: www.brotherhoodcu.org
Mission Statement of Brotherhood Credit Union
Brotherhood Credit Union is dedicated to serving its members, managing their accounts, and offering returns in the form of interest and dividends on these accounts. With a substantial number of 6,963 deposit accounts and 1,149 loan accounts, Brotherhood Credit Union plays a crucial role in providing financial services to its members. The credit union's mission is centered around maintaining strong relationships with its members, ensuring their financial well-being, and fostering financial growth.
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Impact
October, 2024
Brotherhood Credit Union significantly impacts the Lynn, MA community by offering essential financial services that empower its members. With nearly 7,000 deposit accounts and over 1,100 loan accounts, it plays a crucial role in helping individuals manage their finances, save for the future, and access credit when needed.
By maintaining members' accounts and providing interest and dividends, Brotherhood Credit Union fosters a culture of savings and financial growth. This not only improves individual financial stability but also contributes to the overall economic health of the community. The credit union's commitment to public benefit ensures that its services remain accessible and beneficial to all its members, enhancing their quality of life and supporting community development.
This information is meant to be a general summary of Brotherhood 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: $976,417
- Program Service Revenue: $1,913,517
- Gross Receipts: $3,117,598
Assets and Liabilities:
- Total Assets: $120,701,668
- Total Liabilities: $77,570,077
- Net Assets: $43,131,591
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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
$1,913,517
Organization Details
Founding Year
1934
Phone
(781) 598-5555Principal Officer
Adam H Sherman
Main Address
75 MARKET STREET, LYNN, MA, 01901
Website
www.brotherhoodcu.orgNTEE Category
Code: W60 - Public benefit
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