Jeanne D'Arc Credit Union

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

EIN: 041231965 ✦ Lowell, MA ✦ Designated as a 501(c)(14)

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Overview

What is Jeanne D'Arc Credit Union?

Jeanne D'Arc Credit Union is a member-owned financial institution situated within the community, dedicated to providing comprehensive financial services to its customers. With over 87,000 members, they have amassed significant deposit accounts and net loans outstanding, amounting to $1.2 billion each as of December 31, 2019. This full-service credit union is committed to its mission of serving its clientele.


Official website here: www.jdcu.com

Is Jeanne D'Arc Credit Union legitimate?

Jeanne D'Arc Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Jeanne D'Arc 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: $4,976,579
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,699,295

For more financial information, click here


Official website here: www.jdcu.com

What is the mission statement of Jeanne D'Arc Credit Union?

Jeanne D'Arc Credit Union functions as a member-owned community credit union, dedicated to serving its customer base. This full-service financial institution boasts a membership of over 87,000 individuals and holds a significant deposit base of $1.222 billion, along with $1.218 million in net loans outstanding as of December 31, 2019. The credit union's mission is geared towards catering to the financial needs of its community, with a commitment to providing essential financial services.


Official website here: www.jdcu.com

Who is the CEO of Jeanne D'Arc Credit Union?

Mark Cochran is the CEO of Jeanne D'Arc Credit Union The CEO's salary of Jeanne D'Arc Credit Union is $2,393,636 and their total compensation is $2,628,312.


Official website here: www.jdcu.com

What is the revenue of Jeanne D'Arc Credit Union?

Jeanne D'Arc Credit Union's revenue in 2023 was $90,760,931.


Official website here: www.jdcu.com

Who are the executives of Jeanne D'Arc Credit Union and what are their salaries?

The average compensation at Jeanne D'Arc Credit Union during 2023 was $57,032. There are 345 employees and 216 volunteers at Jeanne D'Arc Credit Union.

Here are 19 key members and their salaries (Jeanne D'Arc Credit Union's CEO's salary is $2,393,636 and their total compensation is $2,628,312):


John Chemaly (Vice Chair)
  • Compensation: $6,950
  • Related: $0
  • Other: $0
Naomi Prendergast (Chairmant)
  • Compensation: $6,950
  • Related: $0
  • Other: $0
Susan Green (Director)
  • Compensation: $7,034
  • Related: $0
  • Other: $0
Socrates De La Cruz (Director (As Of 2/23))
  • Compensation: $4,633
  • Related: $0
  • Other: $0
Henri Marchand (Director)
  • Compensation: $6,950
  • Related: $0
  • Other: $0
William Soucy (Director)
  • Compensation: $6,950
  • Related: $0
  • Other: $0
Joanne Yestramski (Director)
  • Compensation: $6,950
  • Related: $0
  • Other: $0
Mark Cochran (President/Ceo/Director)
  • Compensation: $2,393,636
  • Related: $0
  • Other: $234,676
Brian Sousa (Svp Clo)
  • Compensation: $463,053
  • Related: $0
  • Other: $92,475
Joseph M Princi Ii (Svp Cfo)
  • Compensation: $393,913
  • Related: $0
  • Other: $96,323
Carolyn Pelletier (Svp Cio)
  • Compensation: $418,361
  • Related: $0
  • Other: $39,087
Mark O'Neil (Svp Cao)
  • Compensation: $491,463
  • Related: $0
  • Other: $67,246
Michael P Dubuque (Evp Coo)
  • Compensation: $482,139
  • Related: $0
  • Other: $102,154
Robin Lorenzen (Svp Cmo)
  • Compensation: $287,596
  • Related: $0
  • Other: $49,419
Gerard L Stevens (Senior Loan Officer)
  • Compensation: $302,456
  • Related: $0
  • Other: $12,421
James Hirbour (Senior Loan Officer)
  • Compensation: $703,856
  • Related: $0
  • Other: $35,671
Kara Doyle (Vp Commercial Lending)
  • Compensation: $236,022
  • Related: $0
  • Other: $28,529
Paul Mcdonald (Vp Residential & Consumer Lending)
  • Compensation: $202,513
  • Related: $0
  • Other: $42,941
Jason E Dubois (Mortgage Loan Originator)
  • Compensation: $228,783
  • Related: $0
  • Other: $31,998


Official website here: www.jdcu.com

Where can I find the form 990 for Jeanne D'Arc Credit Union?

Jeanne D'Arc Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.jdcu.com

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

Mission Statement of Jeanne D'Arc Credit Union

Jeanne D'Arc Credit Union, a full-service, member-owned community credit union, is dedicated to serving its customers with a mission to make a difference in their financial lives. With over 87,000 members and $2.4 billion in assets as of December 31, 2019, this credit union stands as a testament to its commitment to its community.

At the core of Jeanne D'Arc Credit Union's operations lies a strong sense of service and a desire to put its members first. As a member-owned entity, it operates with the goal of providing affordable financial services and empowering its members to achieve their financial goals. The credit union boasts a comprehensive range of services, from deposit accounts and loans to online and mobile banking, allowing members to manage their finances with ease and convenience.

The success of Jeanne D'Arc Credit Union can be attributed to its dedication to its mission and its commitment to its members. With a membership base of over 87,000 individuals, it has amassed impressive numbers, with $1.2 billion in deposit accounts and $1.2 billion in net loans outstanding as of the end of 2019. This financial strength enables Jeanne D'Arc Credit Union to offer competitive rates and flexible terms on loans and other financial products, providing real value to its members.

In summary, Jeanne D'Arc Credit Union is a thriving, member-owned community credit union that prides itself on its mission to serve its customers. With a strong emphasis on affordability, convenience, and personalized service, it has become a trusted financial partner for over 87,000 individuals. Through its comprehensive range of services and commitment to its members, Jeanne D'Arc Credit Union continues to make a positive impact on the financial lives of those it serves.

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Impact




October, 2024

Jeanne D'Arc Credit Union has made a significant impact on the community by providing a range of financial services tailored to meet the needs of its 87,462 members in Lowell, MA. As a member-owned credit union, it fosters a sense of ownership and participation among its members, ensuring that decisions reflect the interests of the community.

With $1,222 million in deposit accounts and $1,218 million in outstanding loans as of December 31, 2019, the credit union plays a crucial role in promoting financial stability and growth in the area. By offering competitive loan products and savings options, it empowers individuals and families to achieve their financial goals, whether that’s buying a home, investing in education, or saving for the future.

Through its commitment to serving the community, Jeanne D'Arc Credit Union not only supports its members' financial well-being but also contributes to the overall economic development of the region. The credit union's focus on public benefit reinforces its role as a trusted partner in enhancing the quality of life for its members and the surrounding community.




This information is meant to be a general summary of Jeanne D'Arc 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
$90,760,931 (2023)
Expenses
$80,898,300 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,471,227
  • Program Service Revenue: $66,832,105
  • Gross Receipts: $91,170,511

Assets and Liabilities:

  • Total Assets: $2,051,657,522
  • Total Liabilities: $1,902,017,530
  • Net Assets: $149,639,992

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Programs

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

INTEREST INCOME

Revenue

$66,832,105

Organization Details

Founding Year

1912

Principal Officer

Mark S Cochran

NTEE Category

Code: W60 - Public benefit

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