Haverhill Fire Department Credit Union

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

EIN: 042228208 ✦ Haverhill, MA ✦ Designated as a 501(c)(14)

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Overview

What is Haverhill Fire Department Credit Union?

The Haverhill Fire Department Credit Union is a credit union situated in Haverhill, Massachusetts. As a nonprofit organization, its primary function is to manage member accounts, providing services such as deposit and loan facilities. The credit union currently manages 2,525 deposit accounts and 492 loan accounts, catering to its members' financial needs. The Haverhill Fire Department Credit Union serves as a financial cooperative within the Haverhill community, promoting financial well-being and accessible banking services for its members.


Official website here: www.havfirecu.org

Is Haverhill Fire Department Credit Union legitimate?

Haverhill Fire Department Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Haverhill Fire Department 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: $140,253
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,154

For more financial information, click here


Official website here: www.havfirecu.org

What is the mission statement of Haverhill Fire Department Credit Union?

Haverhill Fire Department Credit Union functions as a credit union, managing both deposit and loan accounts for its members. Its mission, in essence, is to serve its members by maintaining and managing these accounts. While the provided information does not include a specific mission statement, it can be inferred that the credit union aims to provide financial services and facilitate financial growth for its members, acting as a reliable financial resource. The focus on credit union operations suggests a commitment to providing accessible and affordable financial solutions.


Official website here: www.havfirecu.org

Who is the CEO of Haverhill Fire Department Credit Union?

David Butt is the Manager/Trea of Haverhill Fire Department Credit Union.


Official website here: www.havfirecu.org

What is the revenue of Haverhill Fire Department Credit Union?

Haverhill Fire Department Credit Union's revenue in 2022 was $738,862.


Official website here: www.havfirecu.org

Who are the executives of Haverhill Fire Department Credit Union and what are their salaries?

The average compensation at Haverhill Fire Department Credit Union during 2022 was $55,681. There are 5 employees and 8 volunteers at Haverhill Fire Department Credit Union.


Here are 10 key members and their salaries:


David Butt (Manager/Trea)
  • Compensation: $124,969
  • Related: $0
  • Other: $3,749
Tommie Garrett (Director)
  • Compensation: $11,535
  • Related: $0
  • Other: $0
Tyler David (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Mazzotta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Nutter (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Ray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Shellene (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Stronach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Tarpy (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Wentworth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.havfirecu.org

Where can I find the form 990 for Haverhill Fire Department Credit Union?

Haverhill Fire Department Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.havfirecu.org

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

Mission Statement of Haverhill Fire Department Credit Union

Haverhill Fire Department Credit Union, as a credit union, is dedicated to managing the financial accounts of its members. Its primary mission is to provide and maintain deposit and loan services to its members. With a total of 2,525 deposit accounts and 492 loan accounts, the credit union demonstrates its commitment to its members' financial needs. Though the information provided does not specify the nature of its services or the purpose behind its establishment, it is clear that Haverhill Fire Department Credit Union operates as a financial institution that caters to its members' financial needs.

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Impact




October, 2024

Haverhill Fire Department Credit Union plays a vital role in its local community by providing financial services to its members, primarily the firefighters and their families. With 2,525 deposit accounts, it fosters savings and financial security among its members. The 492 loan accounts indicate that it offers essential credit services, supporting members in achieving their financial goals, whether that be purchasing homes, financing education, or managing unexpected expenses.

Located in Haverhill, MA, the credit union's focus on maintaining member accounts allows it to build strong relationships and tailor its services to the unique needs of its community. By promoting financial literacy and responsibility, Haverhill Fire Department Credit Union contributes to the overall economic well-being of its members and, by extension, the local community. Its commitment to public benefit through accessible financial services enhances the quality of life for those it serves.




This information is meant to be a general summary of Haverhill Fire Department 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
$738,862 (2022)
Expenses
$678,217 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $145,287
  • Program Service Revenue: $538,003
  • Gross Receipts: $762,159

Assets and Liabilities:

  • Total Assets: $25,248,356
  • Total Liabilities: $22,864,740
  • Net Assets: $2,383,616

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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

$538,003

Organization Details

Founding Year

1933

Principal Officer

David Butt

Main Address

75 KENOZA AVENUE, HAVERHILL, MA, 018304132

NTEE Category

Code: W60 - Public benefit

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