Boston Firefighters Credit Union

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

EIN: 042077206 ✦ Dorchester, MA ✦ Designated as a 501(c)(14)

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Overview

What is Boston Firefighters Credit Union?

Boston Firefighters Credit Union is a Dorchester, MA-based financial institution and credit union, serving its members with top-notch financial services. Established with a mission to provide financial support, this credit union caters specifically to its members, ensuring they have access to essential financial products and services.


Official website here: www.bosfirecu.com

Is Boston Firefighters Credit Union legitimate?

Boston Firefighters Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Boston Firefighters 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: $1,251,126
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,371,191

For more financial information, click here


Official website here: www.bosfirecu.com

What is the mission statement of Boston Firefighters Credit Union?

Boston Firefighters Credit Union is committed to delivering top-notch financial services to its members. With a focus on quality, the credit union aims to help its members manage their finances effectively. The institution's mission is to serve its community by providing essential financial services, ensuring financial well-being and stability for its members. The credit union's team of dedicated professionals is always ready to assist members in making informed financial decisions and achieving their financial goals. Through various offerings, including savings, loans, and other financial products, the credit union strives to simplify the financial lives of its members, creating a strong sense of trust and loyalty. In essence, Boston Firefighters Credit Union's mission is to empower its members to take control of their financial futures.


Official website here: www.bosfirecu.com

Who is the CEO of Boston Firefighters Credit Union?

Richard Hayward Jr is the Ceo of Boston Firefighters Credit Union. The CEO's salary of Boston Firefighters Credit Union is $194,967 and their total compensation is $236,532.


Official website here: www.bosfirecu.com

What is the revenue of Boston Firefighters Credit Union?

Boston Firefighters Credit Union's revenue in 2022 was $16,089,033.


Official website here: www.bosfirecu.com

Who are the executives of Boston Firefighters Credit Union and what are their salaries?

The average compensation at Boston Firefighters Credit Union during 2022 was $69,660. There are 52 employees and 11 volunteers at Boston Firefighters Credit Union.


Here are 25 key members and their salaries (Boston Firefighters Credit Union's CEO's salary is $194,967 and their total compensation is $236,532):


Joseph Quinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Costello (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Dowling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Sanders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Meehan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Casper (Treasurer/Clerk)
  • Compensation: $5,731
  • Related: $0
  • Other: $0
Edmund Street (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William O'Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Dowling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Burke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Buchanan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Magoon (Chairman)
  • Compensation: $11,462
  • Related: $0
  • Other: $0
Andy Puga (Vp Of Digital Strategy)
  • Compensation: $145,916
  • Related: $0
  • Other: $43,581
Catherine Guerard (Vp Of Member Service)
  • Compensation: $102,857
  • Related: $0
  • Other: $26,999
Cristina Prentis (Chief Financial Officer)
  • Compensation: $177,175
  • Related: $0
  • Other: $26,069
Kaitryn Thornton (Vp Of Lending)
  • Compensation: $135,356
  • Related: $0
  • Other: $19,234
Cathy Boucher (Evp)
  • Compensation: $232,109
  • Related: $0
  • Other: $41,298
Richard Hayward Jr (Ceo)
  • Compensation: $194,967
  • Related: $0
  • Other: $41,565
John Winne (Ceo (Retired 7/1/2022))
  • Compensation: $245,553
  • Related: $0
  • Other: $39,225
Jennifer Cook (Avp Electronic Services)
  • Compensation: $104,242
  • Related: $0
  • Other: $30,937
Raymond Lazcano (Financial Advisor)
  • Compensation: $103,411
  • Related: $0
  • Other: $23,304
Wendy Reiter (Controller)
  • Compensation: $122,677
  • Related: $0
  • Other: $33,552
Karen Guiliano (Loan Servicing Manager)
  • Compensation: $108,421
  • Related: $0
  • Other: $17,074
Kristen Russell (Avp Business Development)
  • Compensation: $116,658
  • Related: $0
  • Other: $38,126


Official website here: www.bosfirecu.com

Where can I find the form 990 for Boston Firefighters Credit Union?

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


Official website here: www.bosfirecu.com

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

Mission Statement of Boston Firefighters Credit Union

The Boston Firefighters Credit Union, a renowned financial institution, is committed to delivering top-tier financial services to its esteemed members. This Dorchester, MA-based credit union puts great emphasis on quality and dedication, ensuring its members have access to reliable and effective financial solutions.

Boston Firefighters Credit Union's mission is twofold. First and foremost, it serves as a financial institution that prioritizes its members' needs, providing them with a range of services tailored to help them manage their finances efficiently. Second, the credit union prides itself on its role as a credit union, a not-for-profit financial cooperative owned and controlled by its members. The members' best interests dictate every decision made by the credit union, creating a unique and member-centric financial environment.

In essence, the Boston Firefighters Credit Union is more than just a financial institution. It is a trusted partner committed to the financial well-being of its members. Through its dedication to providing quality financial services, the credit union empowers individuals to take control of their financial futures and achieve their financial goals.

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Impact




October, 2024

Boston Firefighters Credit Union plays a crucial role in the financial well-being of its members by offering a range of quality financial services tailored specifically for the needs of firefighters and their families. Located in Dorchester, MA, this credit union fosters a sense of community and support among its members, providing them with essential banking services, loans, and savings options that empower them to achieve their financial goals.

By prioritizing the financial health of its members, the credit union not only enhances individual financial stability but also contributes to the broader community in Dorchester. Its focus on personalized service and commitment to member welfare cultivates trust and loyalty, making it a valued resource for those who serve in the firefighting profession. Through its efforts, Boston Firefighters Credit Union strengthens the fabric of the community it serves, promoting economic growth and resilience.




This information is meant to be a general summary of Boston Firefighters 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
$16,089,033 (2022)
Expenses
$12,432,948 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,564,773
  • Program Service Revenue: $14,524,260
  • Gross Receipts: $16,089,033

Assets and Liabilities:

  • Total Assets: $426,852,511
  • Total Liabilities: $384,912,748
  • Net Assets: $41,939,763

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Programs

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

INTEREST EARNED ON LOANS TO MEMBE

Revenue

$12,740,785

SERVICE CHARGES AND FEES

Revenue

$1,690,111

Organization Details

Founding Year

1947

Principal Officer

Richard Hayward Jr

Main Address

60 HALLET STREET, DORCHESTER, MA, 02124

NTEE Category

Code: W60 - Public benefit

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