Overview
What is New Bedford Credit Union?
New Bedford Credit Union is a credit union that prioritizes offering top-notch financial services to its members. They specialize in providing loans at competitive interest rates, managing member savings and deposits, and catering to the financial needs of 10,552 individuals, with a total of 3,157 active loan accounts and 22,842 accounts for share and deposit services. The credit union is dedicated to delivering the best possible service to its members, ensuring their financial well-being.
Official website here: www.nbcu4u.com/
Is New Bedford Credit Union legitimate?
New Bedford Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. New Bedford 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: $832,645
Professional Fundraising Fees: $0
Other Salaries and Wages: $920,456
For more financial information, click here
Official website here: www.nbcu4u.com/
What is the mission statement of New Bedford Credit Union?
New Bedford Credit Union is committed to offering top-tier thrift services to its members. Their mission encompasses providing loans at competitive interest rates, managing member savings and deposits effectively, and delivering exceptional service to over 10,552 members, catering to 22,842 share and deposit accounts and 3,157 loan accounts.
Official website here: www.nbcu4u.com/
Who is the CEO of New Bedford Credit Union?
Humberta Varao is the Director of New Bedford Credit Union. The CEO's salary of New Bedford Credit Union is $198,762 and their total compensation is $233,639.
Official website here: www.nbcu4u.com/
What is the revenue of New Bedford Credit Union?
New Bedford Credit Union's revenue in 2022 was $5,691,082.
Official website here: www.nbcu4u.com/
Who are the executives of New Bedford Credit Union and what are their salaries?
The average compensation at New Bedford Credit Union during 2022 was $24,692. There are 71 employees and 8 volunteers at New Bedford Credit Union.
Here are 15 key members and their salaries (New Bedford Credit Union's CEO's salary is $198,762 and their total compensation is $233,639):
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- Compensation: $6,521
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- Compensation: $17,687
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- Compensation: $72,780
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- Other: $26,073
- Compensation: $72,279
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- Other: $6,354
- Compensation: $71,998
- Related: $0
- Other: $17,957
- Compensation: $78,939
- Related: $0
- Other: $3,814
- Compensation: $85,489
- Related: $0
- Other: $26,651
- Compensation: $103,765
- Related: $0
- Other: $8,699
- Compensation: $198,762
- Related: $0
- Other: $34,877
Official website here: www.nbcu4u.com/
Where can I find the form 990 for New Bedford Credit Union?
New Bedford Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nbcu4u.com/
Learn more at the official website: www.nbcu4u.com/
Mission Statement of New Bedford Credit Union
New Bedford Credit Union, as a credit union, is committed to providing its members with the finest thrift services possible. Its mission is centered around offering loans to members at competitive market interest rates. Furthermore, the credit union takes care of its members' savings and deposits, ensuring their financial well-being. With a membership base of 10,552 individuals, New Bedford Credit Union manages a substantial number of accounts, totaling 3,157 for loans and 22,842 for shares and deposits. In essence, New Bedford Credit Union prioritizes delivering top-notch service to its members, fostering their financial growth and stability.
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Impact
October, 2024
New Bedford Credit Union significantly impacts its community by providing essential thrift services and financial support to its members. It offers loans at competitive market rates, helping individuals and families achieve their financial goals and manage their expenses effectively. The Credit Union serves a broad base of members, with 22,842 accounts for shares and deposits, promoting savings and financial stability within the community.
With a focus on delivering exceptional service, New Bedford Credit Union maintains 3,157 accounts for loans, demonstrating its commitment to supporting its members' diverse financial needs. By fostering a sense of community and promoting responsible financial practices, it plays a crucial role in enhancing the economic well-being of New Bedford's residents.
This information is meant to be a general summary of New Bedford 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: $518,667
- Program Service Revenue: $5,172,415
- Gross Receipts: $5,691,082
Assets and Liabilities:
- Total Assets: $161,883,461
- Total Liabilities: $147,499,222
- Net Assets: $14,384,239
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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
$3,989,661
SERVICE CHARGES & FEES
Revenue
$1,182,754
Organization Details
Founding Year
1932
Phone
(508) 994-6546Principal Officer
Humberta Varao
Main Address
1150 PURCHASE ST, NEW BEDFORD, MA, 027406687
Website
www.nbcu4u.com/NTEE Category
Code: W60 - Public benefit
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