Community Credit Union Of Lynn

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

EIN: 042207787 ✦ Lynn, MA ✦ Designated as a 501(c)(14)

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Overview

What is Community Credit Union Of Lynn?

Community Credit Union of Lynn is a nonprofit organization committed to delivering excellent member services and financial products. Their mission is to create a satisfying and advantageous environment for their staff, members, and the local community. This is achieved by providing the best service and product line available, fostering a positive culture within the organization. The credit union's activities revolve around the provision of credit union services and thrift, ensuring they cater to the needs of their members effectively.


Official website here: www.myccu.org

What do the Facebook reviews say about Community Credit Union Of Lynn?

92% of 16 reviewers on Facebook recommend Community Credit Union Of Lynn. Here is a summary of their reviews:

Many members appreciate the friendly staff and the welcoming atmosphere of the credit union. The convenience of its location is also highlighted as a significant advantage, making it easily accessible for members. Overall, the sense of community and positive interactions with employees contribute to a favorable perception of the organization.

The general sentiment reflects satisfaction and trust in the services provided, indicating that Community Credit Union Of Lynn effectively meets the needs of its members.


This AI summary has been generated from reviews found on Facebook.

Is Community Credit Union Of Lynn legitimate?

Community Credit Union Of Lynn is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community Credit Union Of Lynn 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: $239,188
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,090,285

For more financial information, click here


Official website here: www.myccu.org

What is the mission statement of Community Credit Union Of Lynn?

The Community Credit Union's mission is centered around serving its members effectively. Their primary goal is to offer the finest services and products, ensuring member satisfaction. Additionally, they strive to foster a culture that benefits both their staff and members, creating a harmonious environment for all parties involved. This mission extends to the community as well, aiming to contribute positively and beneficially to the broader community.


Official website here: www.myccu.org

Who is the CEO of Community Credit Union Of Lynn?

Nicholas Sarantopoulos is the President/Ce of Community Credit Union Of Lynn.


Official website here: www.myccu.org

What is the revenue of Community Credit Union Of Lynn?

Community Credit Union Of Lynn's revenue in 2022 was $6,221,241.


Official website here: www.myccu.org

Who are the executives of Community Credit Union Of Lynn and what are their salaries?

The average compensation at Community Credit Union Of Lynn during 2022 was $58,237. There are 40 employees at Community Credit Union Of Lynn.


Here are 9 key members and their salaries:


Nicholas Sarantopoulos (President/Ce)
  • Compensation: $239,188
  • Related: $0
  • Other: $0
William Booras (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Demakes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Gianarikas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Katsos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ldemakes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Mantzoukas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Meklis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kosta Prentakis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.myccu.org

Where can I find the form 990 for Community Credit Union Of Lynn?

Community Credit Union Of Lynn's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.myccu.org

Learn more at the official website: www.myccu.org

Mission Statement of Community Credit Union Of Lynn

Community Credit Union of Lynn, in its mission, is committed to offering the highest level of service and a comprehensive range of products to its members. The organization strives to create an environment that is satisfying and beneficial for its staff, members, and the community at large. The credit union's mission is centered around providing an exceptional member experience, while fostering a culture that is advantageous for all parties involved.

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Impact




October, 2024

Community Credit Union of Lynn has a significant impact on the local community through its commitment to providing exceptional financial services and products to its members. By prioritizing member needs and satisfaction, the credit union fosters a supportive and inclusive environment for individuals and families in Lynn, MA.

The credit union promotes financial literacy and accessibility, empowering members to make informed financial decisions. Its focus on a culture of collaboration among staff, members, and the broader community enhances trust and encourages active participation, leading to a stronger, interconnected community.

Additionally, by maintaining a diverse product line, the credit union meets various financial requirements, from savings and loans to education and investment opportunities. This not only supports individual financial well-being but also contributes to the economic growth and stability of Lynn as a whole. Overall, Community Credit Union of Lynn plays a vital role in enhancing the quality of life for its members and strengthening community ties.




This information is meant to be a general summary of Community Credit Union Of Lynn. 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
$6,221,241 (2022)
Expenses
$6,621,336 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,706,278
  • Program Service Revenue: $4,514,963
  • Gross Receipts: $6,221,241

Assets and Liabilities:

  • Total Assets: $150,226,990
  • Total Liabilities: $138,124,652
  • Net Assets: $12,102,338

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Programs

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

LOAN INTEREST & FEES

Revenue

$4,514,963

Organization Details

Founding Year

1955

Principal Officer

Nicholas Sarantopoulos

Main Address

1 ANDREW STREET, LYNN, MA, 01901

NTEE Category

Code: W60 - Public benefit

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