Springfield St Railway Employees Credit Union

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

EIN: 041859607 ✦ Springfield, MA ✦ Designated as a 501(c)(14)

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Overview

What is Springfield St Railway Employees Credit Union?

Springfield St Railway Employees Credit Union is a financial institution situated in Springfield, Massachusetts, functioning as a credit union. Their primary purpose is to offer banking services to their members, acting as a reliable source for financial management. The credit union serves as a community-focused organization, catering to the financial needs of its members.

Is Springfield St Railway Employees Credit Union legitimate?

Springfield St Railway Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Springfield St Railway Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,200

For more financial information, click here

What is the mission statement of Springfield St Railway Employees Credit Union?

Springfield St Railway Employees Credit Union is dedicated to offering banking services to its members, functioning as a financial institution and credit union. Its mission is to provide a range of financial solutions to its members, aiming to cater to their banking needs effectively. By operating as a credit union, Springfield St Railway Employees Credit Union is committed to promoting financial well-being and fostering a sense of community among its members.

Who is the CEO of Springfield St Railway Employees Credit Union?

David Tancrati is the Manager & Director of Springfield St Railway Employees Credit Union.

What is the revenue of Springfield St Railway Employees Credit Union?

Springfield St Railway Employees Credit Union's revenue in 2022 was $77,595.

Who are the executives of Springfield St Railway Employees Credit Union and what are their salaries?

The average compensation at Springfield St Railway Employees Credit Union during 2022 was $22,600. There are 2 employees and 8 volunteers at Springfield St Railway Employees Credit Union.


Here are 10 key members and their salaries:


Walter Kocor (Manager & Director)
  • Compensation: $42,400
  • Related: $0
  • Other: $0
David Tancrati (President)
  • Compensation: $2,800
  • Related: $0
  • Other: $0
Renita Bell (Director Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Paskins (Director Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Bellefleur (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Gardner (Director Audit Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Milton Carrasquillo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Ellsworth (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Williams (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Rhodes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Springfield St Railway Employees Credit Union?

Springfield St Railway Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Springfield St Railway Employees Credit Union

Springfield St Railway Employees Credit Union, as a financial institution and credit union, is dedicated to serving its members by providing them with various banking services. In essence, its mission is to act as a reliable financial partner for its members, offering them a wide range of banking solutions to manage their finances effectively. The credit union operates with the aim of fostering financial stability and growth among its members, ensuring they have access to the financial tools they need to navigate their financial journeys. By providing banking services, Springfield St Railway Employees Credit Union plays a crucial role in promoting financial well-being within its community.

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Impact




October, 2024

Springfield St Railway Employees Credit Union plays a vital role in the financial well-being of its members by offering essential banking services. Located in Springfield, MA, this credit union functions as a member-focused financial institution dedicated to catering to the unique needs of its community. By providing accessible financial products and services, it empowers members to manage their finances effectively, promote savings, and access affordable credit options.

The credit union's commitment extends beyond traditional banking, fostering a sense of community and cooperation among its members. This cooperative model enhances financial literacy and allows members to participate in the decision-making processes that affect their financial futures. In doing so, Springfield St Railway Employees Credit Union contributes to the overall economic stability of its members, ultimately helping to build a stronger and more resilient community in Springfield.




This information is meant to be a general summary of Springfield St Railway Employees 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
$77,595 (2022)
Expenses
$84,831 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,060
  • Program Service Revenue: $75,535
  • Gross Receipts: $77,595

Assets and Liabilities:

  • Total Assets: $1,412,170
  • Total Liabilities: $1,057,637
  • Net Assets: $354,533

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Programs

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

CREDIT UNION SERVICES

Revenue

$75,535

Organization Details

Founding Year

1927

Principal Officer

David Tancrati

Main Address

640 PAGE BOULEVARD STE 102, SPRINGFIELD, MA, 01104

NTEE Category

Code: W60 - Public benefit

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