Brookline Municipal Credit Union

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

EIN: 042041245 ✦ Brookline, MA ✦ Designated as a 501(c)(14)

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Overview

What is Brookline Municipal Credit Union?

Brookline Municipal Credit Union is a member-focused financial institution, functioning as a credit union. With a robust presence, it serves over 4,334 members through various share and deposit accounts. Additionally, the credit union extends loan facilities to its members, managing over 377 loan accounts. The credit union's primary role is to provide thrift services, ensuring financial well-being for its members.


Official website here: www.brooklinecu.com

Is Brookline Municipal Credit Union legitimate?

Brookline Municipal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Brookline Municipal 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: $142,353
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,625

For more financial information, click here


Official website here: www.brooklinecu.com

What is the mission statement of Brookline Municipal Credit Union?

Brookline Municipal Credit Union serves as a credit union, providing thrift services to its members. The organization manages over 4,334 member share and deposit accounts, as well as over 377 loan accounts. In essence, its mission is centered around offering financial services, including savings options and loan facilities, to its member base. While the information does not provide a formal mission statement, it suggests that the credit union aims to support its members' financial needs and well-being.


Official website here: www.brooklinecu.com

Who is the CEO of Brookline Municipal Credit Union?

Paul J Demaio is the President An of Brookline Municipal Credit Union.


Official website here: www.brooklinecu.com

What is the revenue of Brookline Municipal Credit Union?

Brookline Municipal Credit Union's revenue in 2022 was $979,722.


Official website here: www.brooklinecu.com

Who are the executives of Brookline Municipal Credit Union and what are their salaries?

The average compensation at Brookline Municipal Credit Union during 2022 was $62,163. There are 6 employees and 9 volunteers at Brookline Municipal Credit Union.


Here are 10 key members and their salaries:


Paul J Demaio (President An)
  • Compensation: $102,148
  • Related: $0
  • Other: $36,487
Elizabeth A Mcdonald (Treasurer/Cl)
  • Compensation: $3,300
  • Related: $0
  • Other: $418
Mathew S Baronas (2Nd Vice Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Dopazo Gilbert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Harrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marjorie Lalli (1St Vice Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis M Moroney (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel C O'Leary (Assistant Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J O'Reilly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew M Pappastergion (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.brooklinecu.com

Where can I find the form 990 for Brookline Municipal Credit Union?

Brookline Municipal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.brooklinecu.com

Learn more at the official website: www.brooklinecu.com

Mission Statement of Brookline Municipal Credit Union

Brookline Municipal Credit Union, as a credit union, serves its members by offering thrift services. This organization is dedicated to maintaining a substantial number of member share and deposit accounts, totaling over 4,334, as well as managing loan accounts for its members. The credit union's role is to provide financial services that cater to its members' needs, ensuring the availability of a diverse range of accounts for savings and borrowing.

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Impact




October, 2024

Brookline Municipal Credit Union significantly impacts the Brookline community by providing accessible financial services and promoting thrift among its members. With over 4,334 member share and deposit accounts, it facilitates savings and financial stability for individuals and families in the area. Additionally, the credit union supports more than 377 loan accounts, enabling members to finance essential needs, pursue educational opportunities, and invest in their futures. Through its commitment to public benefit, Brookline Municipal Credit Union enhances the overall economic well-being of the community, fostering a sense of financial empowerment and security.




This information is meant to be a general summary of Brookline Municipal 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
$979,722 (2022)
Expenses
$957,842 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $411,645
  • Program Service Revenue: $436,873
  • Gross Receipts: $979,722

Assets and Liabilities:

  • Total Assets: $46,391,767
  • Total Liabilities: $40,758,958
  • Net Assets: $5,632,809

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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

$436,873

Organization Details

Founding Year

1939

Principal Officer

Paul J Demaio

Main Address

334 WASHINGTON STREET, BROOKLINE, MA, 02445

NTEE Category

Code: W60 - Public benefit

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