Overview
What is Lynn Police Credit Union?
Lynn Police Credit Union is a community-focused financial institution, serving as a credit union that offers thrift services. With a membership base of 1,289 individuals, the credit union manages their members' share and deposit accounts, as well as providing loans to 241 members. The credit union's primary activity revolves around offering these financial services, working towards the betterment of its members' financial wellbeing.
Is Lynn Police Credit Union legitimate?
Lynn Police Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lynn Police 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: $91,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $240
For more financial information, click here
What is the mission statement of Lynn Police Credit Union?
Lynn Police Credit Union is dedicated to offering credit union thrift services. It manages savings and deposit accounts for 1,289 members and provides loan facilities to 241 of its members. Essentially, the credit union's role is to facilitate financial services for its members, ensuring they have access to both savings and borrowing options.
Who is the CEO of Lynn Police Credit Union?
Christopher P Reddy is the Treasurer of Lynn Police Credit Union.
What is the revenue of Lynn Police Credit Union?
Lynn Police Credit Union's revenue in 2022 was $232,462.
Who are the executives of Lynn Police Credit Union and what are their salaries?
The average compensation at Lynn Police Credit Union during 2022 was $11,458. There are 8 employees and 4 volunteers at Lynn Police Credit Union.
Here are 12 key members and their salaries:
- Compensation: $27,300
- Related: $0
- Other: $0
- Compensation: $27,300
- Related: $0
- Other: $0
- Compensation: $15,800
- Related: $0
- Other: $0
- Compensation: $7,720
- Related: $0
- Other: $0
- Compensation: $6,300
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $3,500
- 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
Where can I find the form 990 for Lynn Police Credit Union?
Lynn Police Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lynn Police Credit Union
Lynn Police Credit Union, as a credit union, is dedicated to offering thrift services. Its primary mission lies in managing and maintaining the savings and deposit accounts of its 1,289 members, while also overseeing 241 members' loan accounts. In essence, Lynn Police Credit Union serves as a financial institution that caters to its members' savings and borrowing needs, providing them with essential credit union services.
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
Lynn Police Credit Union significantly impacts the local community by offering essential thrift services to its members. With 1,289 share and deposit accounts, the credit union provides a safe and accessible means for individuals to save and manage their finances. Additionally, the organization supports 241 loan accounts, facilitating access to credit for members who may need financial assistance for various personal or community-related needs. By fostering financial stability and growth, Lynn Police Credit Union contributes to the overall public benefit and well-being of the residents in Lynn, MA.
This information is meant to be a general summary of Lynn Police 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: $107,135
- Program Service Revenue: $125,327
- Gross Receipts: $232,462
Assets and Liabilities:
- Total Assets: $11,934,340
- Total Liabilities: $9,186,090
- Net Assets: $2,748,250
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
$125,327
Organization Details
Founding Year
1945
Phone
(781) 595-2000Principal Officer
Christopher P Reddy
Main Address
300 WASHINGTON STREET, LYNN, MA, 01901
NTEE Category
Code: W60 - Public benefit
If you are a representative of Lynn Police 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.