Lynn Teachers Credit Union

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

EIN: 041564245 ✦ Lynn, MA ✦ Designated as a 501(c)(14)

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Overview

What is Lynn Teachers Credit Union?

Lynn Teachers Credit Union is a nonprofit organization dedicated to serving the financial needs of educators and employees within the Lynn school department. Acting as a financial institution, it offers a range of services to its member community. Its primary mission is to provide financial assistance, ensuring that the teachers and staff of the Lynn school system have access to necessary financial resources.


Official website here: www.lynnteacherscu.org

Is Lynn Teachers Credit Union legitimate?

Lynn Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lynn Teachers 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: $84,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lynnteacherscu.org

What is the mission statement of Lynn Teachers Credit Union?

Lynn Teachers Credit Union serves as a not-for-profit financial institution, primarily catering to the teachers and employees of the Lynn school department. Its mission is to offer various financial services, operating as a cooperative for its members. The credit union aims to provide essential financial assistance, contributing to the financial well-being of its members. It operates with a community-focused approach, ensuring that the educational community it serves has access to reliable financial services.


Official website here: www.lynnteacherscu.org

Who is the CEO of Lynn Teachers Credit Union?

Roger O Poor is the Pres/Ceo/Audit/Invest of Lynn Teachers Credit Union. The CEO's salary of Lynn Teachers Credit Union is $0 and their total compensation is $0.


Official website here: www.lynnteacherscu.org

What is the revenue of Lynn Teachers Credit Union?

Lynn Teachers Credit Union's revenue in 2022 was $142,724.


Official website here: www.lynnteacherscu.org

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


Here are 12 key members and their salaries (Lynn Teachers Credit Union's CEO's salary is $0 and their total compensation is $0):


Warren White (Pres/Ceo/Audit/Invest)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger O Poor (Treas/Loan Officer)
  • Compensation: $15,600
  • Related: $0
  • Other: $0
Maura Durgin-Scully (Chair Audit/ Invest)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Ridley (Security/Audit/Invest)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christy N Ofilos (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Bogart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Mylette (Audit/Invest)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorine Bransfield (Credit Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chrisopher Warren (Credit)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adele Polizzotti (Manager)
  • Compensation: $69,217
  • Related: $0
  • Other: $0
Adolph Graciale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Molea (Credit)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lynnteacherscu.org

Where can I find the form 990 for Lynn Teachers Credit Union?

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


Official website here: www.lynnteacherscu.org

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

Mission Statement of Lynn Teachers Credit Union

Lynn Teachers Credit Union, as a not-for-profit corporation, is dedicated to serving the financial needs of teachers and employees within the Lynn school department. This financial institution aims to provide a range of financial services, acting as a reliable resource for its members. Its mission is to operate as a cooperative, offering financial solutions tailored to the unique needs of its members, who are integral to the educational sector.

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Impact




October, 2024

Lynn Teachers Credit Union significantly impacts the community by providing essential financial services specifically tailored for the teachers and employees of the Lynn school department. Located in Lynn, MA, this financial institution fosters a supportive environment, enhancing the financial well-being of its members. By focusing on the unique needs of educators and school staff, Lynn Teachers Credit Union promotes a sense of belonging and community among its members.

The credit union’s mission centers on empowering its members through various financial products and services, allowing them to achieve their personal and professional financial goals. This not only benefits individual members but also strengthens the local educational community, ultimately contributing to a more stable and prosperous environment for educators and the students they serve. Additionally, the credit union's emphasis on member service and community involvement reinforces a dedication to public benefit, making it an essential resource for those who dedicate their careers to education in Lynn.




This information is meant to be a general summary of Lynn Teachers 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
$142,724 (2022)
Expenses
$138,189 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $29,644
  • Program Service Revenue: $113,080
  • Gross Receipts: $142,724

Assets and Liabilities:

  • Total Assets: $5,274,795
  • Total Liabilities: $4,401,017
  • Net Assets: $873,778

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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

$104,616

MEMBERSHIP DUES

Revenue

$8,464

Organization Details

Founding Year

1935

Principal Officer

Roger O Poor

Main Address

33 NORTH COMMON STREET, LYNN, MA, 019024311

NTEE Category

Code: W60 - Public benefit

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