Credit Union Of The Berkshires

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

EIN: 042264442 ✦ Pittsfield, MA ✦ Designated as a 501(c)(14)

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Overview

What is Credit Union Of The Berkshires?

Credit Union of the Berkshires was a nonprofit organization that primarily focused on credit union and thrift services. The organization's specific mission or activities are not provided, but based on the description, it is presumed that they offered services related to credit unions and savings and loan associations. Regrettably, the information does not provide further insights into the organization's programs or impact, leaving their contributions to the community unknown.


Official website here: www.cuotb.com

Is Credit Union Of The Berkshires legitimate?

Credit Union Of The Berkshires is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Union Of The Berkshires 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: $75,919
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,453

For more financial information, click here


Official website here: www.cuotb.com

What is the mission statement of Credit Union Of The Berkshires?

The Credit Union of the Berkshires, as stated in the provided information, is no longer an active nonprofit organization. Previously, its activities were centered around thrift services, but there is no available information on its mission statement or specific activities it undertook during its operational period. Unfortunately, due to its termination, details on its mission or objectives are not available.


Official website here: www.cuotb.com

Who is the CEO of Credit Union Of The Berkshires?

Melissa Morin is the Ceo & Treasu of Credit Union Of The Berkshires. The CEO's salary of Credit Union Of The Berkshires is $71,026 and their total compensation is $74,489.


Official website here: www.cuotb.com

What is the revenue of Credit Union Of The Berkshires?

Credit Union Of The Berkshires's revenue in 2021 was $381,127.


Official website here: www.cuotb.com

Who are the executives of Credit Union Of The Berkshires and what are their salaries?

The average compensation at Credit Union Of The Berkshires during 2021 was $44,093. There are 4 employees and 7 volunteers at Credit Union Of The Berkshires.


Here are 9 key members and their salaries (Credit Union Of The Berkshires's CEO's salary is $71,026 and their total compensation is $74,489):


Melissa Morin (Ceo & Treasu)
  • Compensation: $71,026
  • Related: $0
  • Other: $3,463
Karen Mchugh (Secretary)
  • Compensation: $1,430
  • Related: $0
  • Other: $0
Janice Bates (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Belland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Jankowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Kerwood (Vice Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Malnati (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Maloy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Wallace (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cuotb.com

Where can I find the form 990 for Credit Union Of The Berkshires?

Credit Union Of The Berkshires's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.cuotb.com

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

Mission Statement of Credit Union Of The Berkshires

Credit Union of the Berkshires, formerly a nonprofit organization, was dedicated to providing thrift and credit services. Unfortunately, this institution is no longer active or in operation. Its mission, while not explicitly stated in the provided information, could be inferred from its nature as a credit union, which typically aims to promote financial well-being and financial inclusivity among its members by offering savings and loan services. However, due to the termination or inactivity of Credit Union of the Berkshires, this mission is currently unfulfilled.

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Impact




October, 2024

Credit Union Of The Berkshires played a significant role in providing financial services in the Pittsfield, MA community before its termination. Through its thrift services, it contributed to the financial well-being of individuals and families, offering accessible banking solutions that simplified savings and loan opportunities.

By promoting financial literacy and encouraging saving habits, Credit Union Of The Berkshires helped foster economic stability among its members. Its existence facilitated a sense of community among local residents, as credit unions often prioritize member relationships and community engagement. The organization's mission aimed to serve the public benefit, thereby enhancing overall economic development and personal finance management in the region during its operational years.




This information is meant to be a general summary of Credit Union Of The Berkshires. 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
$381,127 (2021)
Expenses
$592,218 (2021)
Efficiency

Other financial information:

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

  • Investment Income: $100,428
  • Program Service Revenue: $224,466
  • Gross Receipts: $650,278

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

$224,466

Organization Details

Founding Year

1939

Principal Officer

Melissa Morin

Main Address

744 WILLIAMS STREET, PITTSFIELD, MA, 01201

NTEE Category

Code: W60 - Public benefit

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