Overview
What is Members Plus Credit Union?
Members Plus Credit Union is a nonprofit organization that offers secure and high-quality financial products and services to its members. It prioritizes innovation and competitiveness, ensuring its offerings remain relevant and beneficial. Members can enjoy dividends on their shares and loans, demonstrating the credit union's commitment to its membership. Essentially, Members Plus Credit Union is dedicated to providing its members with financial security and growth opportunities.
Official website here: www.memberspluscu.org
Is Members Plus Credit Union legitimate?
Members Plus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Plus 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: $319,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,803,824
For more financial information, click here
Official website here: www.memberspluscu.org
What is the mission statement of Members Plus Credit Union?
Members Plus Credit Union's mission is centered around providing its members with top-notch, innovative, and competitive financial products and services. This mission is underpinned by a commitment to security, ensuring that the financial offerings are secure and reliable for the membership base. Members of this credit union can expect to earn dividends on their shares and loans, further highlighting the organization's focus on member benefits. In essence, Members Plus Credit Union is dedicated to delivering quality financial services with a strong emphasis on security and member rewards.
Official website here: www.memberspluscu.org
Who is the CEO of Members Plus Credit Union?
John Murphy is the Ceo of Members Plus Credit Union. The CEO's salary of Members Plus Credit Union is $208,064 and their total compensation is $208,064.
Official website here: www.memberspluscu.org
What is the revenue of Members Plus Credit Union?
Members Plus Credit Union's revenue in 2021 was $10,885,310.
Official website here: www.memberspluscu.org
Who are the executives of Members Plus Credit Union and what are their salaries?
The average compensation at Members Plus Credit Union during 2021 was $50,377. There are 62 employees and 15 volunteers at Members Plus Credit Union.
Here are 16 key members and their salaries (Members Plus Credit Union's CEO's salary is $208,064 and their total compensation is $208,064):
- Compensation: $208,064
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- Other: $0
- Compensation: $183,507
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- Other: $0
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Official website here: www.memberspluscu.org
Where can I find the form 990 for Members Plus Credit Union?
Members Plus Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.memberspluscu.org
Learn more at the official website: www.memberspluscu.org
Mission Statement of Members Plus Credit Union
Members Plus Credit Union is committed to providing its members with high-quality, innovative, competitive, and secure financial products and services. This mission is designed to ensure that members can benefit from dividends on their shares and loans. The credit union prioritizes the security of its offerings, ensuring that its members can trust the financial services they receive. By offering a range of secure and competitive financial products, Members Plus Credit Union aims to meet the diverse needs of its membership base. This mission is reflected in the credit union's commitment to providing quality services that cater to the financial needs of its members.
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Impact
October, 2024
Members Plus Credit Union significantly impacts the Medford community by offering secure and innovative financial products and services tailored to the needs of its members. By providing competitive rates on loans and dividends on shares, it empowers individuals and families to manage their finances more effectively. The commitment to secure and quality offerings fosters trust and promotes financial stability among its members. This not only enhances the financial well-being of individuals but also contributes to the overall economic health of the local community, creating a cycle of benefit that strengthens community ties and supports public welfare.
This information is meant to be a general summary of Members Plus 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 2021.
- Investment Income: $9,276,512
- Program Service Revenue: $1,608,798
- Gross Receipts: $10,885,310
Assets and Liabilities:
- Total Assets: $342,620,781
- Total Liabilities: $297,309,416
- Net Assets: $45,311,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER FEE INCOME
Revenue
$919,769
ADMIN FEES/MISC OTHER FEES
Revenue
$689,029
Organization Details
Founding Year
1940
Phone
(781) 905-1500Principal Officer
John Murphy
Main Address
29 High Street, Medford, MA, 02155
Website
www.memberspluscu.orgNTEE Category
Code: W60 - Public benefit
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