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Workers Federal Credit Union Fka Workers' Credit Union

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

EIN: 042079901 ✦ Littleton, MA ✦ Designated as a 501(c)(14)

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Overview

What is Workers Federal Credit Union Fka Workers' Credit Union?

Workers Federal Credit Union Fka Workers' Credit Union, situated in Littleton, Massachusetts, is a member-owned and operated financial institution. It functions under Massachusetts state charter, serving individuals who reside or work within the state. The credit union is dedicated to its members, offering financial services and products tailored to their needs. While the information provided does not specify the extent of its community outreach or additional programs, it is clear that the credit union is committed to its member base.


Official website here: www.wcu.com

Is Workers Federal Credit Union Fka Workers' Credit Union legitimate?

Workers Federal Credit Union Fka Workers' Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Workers Federal Credit Union Fka Workers' 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: $397,733

For more financial information, click here


Official website here: www.wcu.com

What is the mission statement of Workers Federal Credit Union Fka Workers' Credit Union?

Workers Federal Credit Union, formerly known as Workers' Credit Union, is a state-chartered credit union, serving its members who reside or work in Massachusetts. This cooperative financial institution is member-owned, directed, and dedicated to its members' needs. Its mission is to provide financial services to its members, ensuring they have access to banking solutions that cater to their needs. The credit union operates with the aim of fostering financial stability and growth among its members, promoting financial literacy, and offering competitive financial products.


Official website here: www.wcu.com

Who is the CEO of Workers Federal Credit Union Fka Workers' Credit Union?

J Timothy Smith is the Svp - Cfo & Treasurer of Workers Federal Credit Union Fka Workers' Credit Union. The CEO's salary of Workers Federal Credit Union Fka Workers' Credit Union is $0 and their total compensation is $0.


Official website here: www.wcu.com

What is the revenue of Workers Federal Credit Union Fka Workers' Credit Union?

Workers Federal Credit Union Fka Workers' Credit Union's revenue in 2021 was $1,210,709.


Official website here: www.wcu.com

Who are the executives of Workers Federal Credit Union Fka Workers' Credit Union and what are their salaries?


Here are 10 key members and their salaries (Workers Federal Credit Union Fka Workers' Credit Union's CEO's salary is $0 and their total compensation is $0):


Eric D Shapiro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scot Barrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Heafy (Director/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nilesh Gunda (Director/Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Markley (Director/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Lichwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erica Light (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raven Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas J Petersen (President/Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Timothy Smith (Svp - Cfo & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wcu.com

Where can I find the form 990 for Workers Federal Credit Union Fka Workers' Credit Union?

Workers Federal Credit Union Fka Workers' Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.wcu.com

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

Mission Statement of Workers Federal Credit Union Fka Workers' Credit Union

Workers Federal Credit Union, formerly known as Workers' Credit Union, is a state-chartered credit union with a mission to serve its members who reside or work in Massachusetts. This organization is member-owned, directed, and devoted to the well-being of its members, embodying the cooperative ethos. It is dedicated to providing financial services and solutions that cater to the needs of its members, fostering a sense of community and financial security.

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Impact




October, 2024

Workers Federal Credit Union, formerly known as Workers' Credit Union, serves a vital role in the financial well-being of its members, particularly those who live or work in Massachusetts. By providing a cooperative financial model, the credit union empowers its members with access to essential banking services tailored to their needs.

Operating in Littleton, MA, the credit union prioritizes member interests, ensuring that profits are reinvested into services that enhance customer satisfaction. This includes competitive loan rates, savings products, and financial education programs that promote better money management practices among its members.

The focus on community and member engagement fosters a strong sense of belonging and support, contributing positively to the local economy. By offering financial products that cater specifically to its members, Workers Federal Credit Union not only enhances individual financial health but also strengthens community ties in Massachusetts.




This information is meant to be a general summary of Workers Federal Credit Union Fka Workers' 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
$1,210,709 (2021)
Expenses
$1,171,561 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $1,210,709
  • Gross Receipts: $1,210,709

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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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

$897,726

FEES

Revenue

$311,326

ATM SURCHARGES/SHARED

Revenue

$1,657

Organization Details

Founding Year

1914

Principal Officer

J Timothy Smith

Main Address

119 RUSSELL STREET, LITTLETON, MA, 01460

NTEE Category

Code: W61 - Public benefit

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