Overview
What is Worcester Credit Union?
Worcester Credit Union is a community-focused financial institution situated in Worcester, Massachusetts. This credit union operates on a non-profit basis, without the necessity for capital stock, and is run with the shared objective of benefiting its members. The organization's mission is centered around mutual aid, operating without the primary goal of generating profit. Lisa Perrin serves as the leader of this credit union, ensuring it remains committed to its members' financial well-being.
Official website here: www.worcestercu.com
Is Worcester Credit Union legitimate?
Worcester Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Worcester 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: $950,981
For more financial information, click here
Official website here: www.worcestercu.com
What is the mission statement of Worcester Credit Union?
Worcester Credit Union functions as a not-for-profit organization, with no capital stock, operating for mutual benefits. Its mission is centered around serving its members collectively, without the pursuit of profit as its primary objective. This credit union is dedicated to serving its community by organizing and operating in a manner that prioritizes the shared interests of its members.
Official website here: www.worcestercu.com
Who is the CEO of Worcester Credit Union?
Lisa Perrin is the Chairman of Worcester Credit Union. The CEO's salary of Worcester Credit Union is $206,507 and their total compensation is $229,008.
Official website here: www.worcestercu.com
What is the revenue of Worcester Credit Union?
Worcester Credit Union's revenue in 2022 was $3,533,968.
Official website here: www.worcestercu.com
Who are the executives of Worcester Credit Union and what are their salaries?
The average compensation at Worcester Credit Union during 2022 was $20,674. There are 46 employees at Worcester Credit Union.
Here are 11 key members and their salaries (Worcester Credit Union's CEO's salary is $206,507 and their total compensation is $229,008):
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $206,507
- Related: $0
- Other: $22,501
Official website here: www.worcestercu.com
Where can I find the form 990 for Worcester Credit Union?
Worcester Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.worcestercu.com
Learn more at the official website: www.worcestercu.com
Mission Statement of Worcester Credit Union
Worcester Credit Union, as a credit union without capital stock, is organized and operated for mutual purposes and without profit. This means that the organization is run collectively by its members for their benefit, rather than for the profit of external investors. The mission of Worcester Credit Union, therefore, is to serve its members by providing financial services in a manner that aligns with its mutual structure and non-profit status. Lisa Perrin, who leads the organization, oversees its operations from its location in Worcester, MA. The credit union's mission is to promote financial well-being among its members, offering a range of financial services such as savings and loan products, in a way that reflects its commitment to mutuality and non-profit operation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Worcester Credit Union plays a significant role in promoting financial well-being within the community. By operating as a credit union without capital stock, it focuses on serving its members rather than generating profits. This structure allows the credit union to offer competitive rates on loans and savings, enabling individuals and families to achieve their financial goals.
Under the leadership of Lisa Perrin, the organization is dedicated to mutual assistance and fostering economic empowerment among its members. The credit union's mission centers on ensuring that financial services are accessible and beneficial to everyone it serves. This commitment contributes to enhancing the financial literacy and stability of the community, ultimately promoting a greater sense of economic security among its members.
Worcester Credit Union's community-focused approach allows it to reinvest any surplus into better services, helping to build a more vibrant local economy. By prioritizing the needs of its members, the credit union fosters a strong sense of community and support, ensuring that financial services are aligned with the interests of those who rely on them.
This information is meant to be a general summary of Worcester 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: $610,636
- Program Service Revenue: $2,836,934
- Gross Receipts: $3,533,968
Assets and Liabilities:
- Total Assets: $105,060,405
- Total Liabilities: $98,428,333
- Net Assets: $6,632,072
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$2,140,918
FEE INCOME
Revenue
$696,016
Organization Details
Founding Year
1998
Phone
(508) 853-9966Principal Officer
Lisa Perrin
Main Address
520 W BOYLSTON STREET, WORCESTER, MA, 01606
Website
www.worcestercu.comNTEE Category
Code: W60 - Public benefit
If you are a representative of Worcester Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.