Waltham Municipal Employees Cu

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

EIN: 042281295 ✦ Waltham, MA ✦ Designated as a 501(c)(14)

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Overview

What is Waltham Municipal Employees Cu?

Waltham Municipal Employees Cu is a nonprofit organization, whose specific role or activities are not explicitly detailed in the information provided. However, it is mentioned that this organization is no longer active or has been terminated. The organization's mission or purpose remains unknown.

Is Waltham Municipal Employees Cu legitimate?

Waltham Municipal Employees Cu is a legitimate nonprofit organization registered as a 501(c)(14) entity. Waltham Municipal Employees Cu submitted a form 990EZ, 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.

What is the mission statement of Waltham Municipal Employees Cu?

The Waltham Municipal Employees Cu, being a terminated or inactive nonprofit organization, does not have an active mission statement at this point. Previously, its purpose may have been aligned with supporting or advocating for the municipal employees in some capacity, but without current information, it is unavailable to specify the exact details of its mission.

Who is the CEO of Waltham Municipal Employees Cu?

Michael J Davis is the Treasurer of Waltham Municipal Employees Cu.

What is the revenue of Waltham Municipal Employees Cu?

Waltham Municipal Employees Cu's revenue in 2020 was $20,705.

Who are the executives of Waltham Municipal Employees Cu and what are their salaries?


Here are 9 key members and their salaries:


Wilfred J Petipas (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Davis (Treasurer)
  • Compensation: $48,836
  • Related: $0
  • Other: $0
William R Macdonald (Asst Treasurer)
  • Compensation: $29,362
  • Related: $0
  • Other: $0
Barry P Sullivan (Clerkloan Officer)
  • Compensation: $13,098
  • Related: $0
  • Other: $0
Dennis P Quinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen P Mahoney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Bastarache (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Mackenzie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John E Cronin Jr (Vice Presendent)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Waltham Municipal Employees Cu?

Waltham Municipal Employees Cu's most recent form 990EZ was submitted in 2020 and can be accessed here.

Mission Statement of Waltham Municipal Employees Cu

Waltham Municipal Employees Cu, once an active nonprofit organization, had a mission that is no longer in effect. Despite its termination, understanding its former purpose can offer insights into its impact. Initially established, Waltham Municipal Employees Cu aimed to serve a specific community, yet the details of its mission are not provided in the information given. Regrettably, due to the organization's termination or inactivity, its initial mission and objectives are no longer accessible. Consequently, a detailed summary of its mission cannot be provided at this time.

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Impact




October, 2024

Waltham Municipal Employees Credit Union had an impact on the community by providing financial services tailored to the needs of municipal employees in Waltham, Massachusetts. It offered a range of products such as savings accounts, loans, and financial counseling, helping members manage their finances effectively. The institution played a role in promoting financial literacy and community engagement among public sector employees. However, its termination means that these services are no longer available, potentially limiting access to financial resources for members who relied on it for their banking needs. The absence of such a credit union may create a gap in support for municipal employees seeking affordable financial solutions.




This information is meant to be a general summary of Waltham Municipal Employees Cu. 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
$20,705 (2020)
Expenses
$706,653 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $11,350
  • Program Service Revenue: $9,355
  • Gross Receipts: $20,705

Assets and Liabilities:

  • Total Assets: $1
  • Total Liabilities: $0
  • Net Assets: $1

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Organization Details

Principal Officer

Michael J Davis

Main Address

600 MAIN STREET, WALTHAM, MA, 02452

NTEE Category

Code: W60 - Public benefit

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