Gloucester Fire Department Credit Union

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

EIN: 042305850 ✦ Gloucester, MA ✦ Designated as a 501(c)(14)

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Overview

What is Gloucester Fire Department Credit Union?

Gloucester Fire Department Credit Union is a non-profit entity, specifically a credit union, whose primary focus is on financial services. The information provided does not detail its specific activities or mission beyond being a credit union. However, credit unions typically offer savings, loans, and other financial services to their members, often with a common bond such as employment with a specific organization or location in this case, being a part of the Gloucester Fire Department. The description mentions a limit for viewing profiles, which may imply that the credit union provides some form of online service or access to its members. Without further information, it's challenging to provide a more comprehensive summary.

Is Gloucester Fire Department Credit Union legitimate?

Gloucester Fire Department Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Gloucester 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: $15,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

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

The Gloucester Fire Department Credit Union, as a credit union, does not explicitly provide a mission statement in the given information. However, generally, credit unions are financial cooperatives that exist to serve their members by providing them with financial products and services at fair rates. They operate on the principle of not-for-profit, meaning they aim to benefit their members rather than profit shareholders. The Gloucester Fire Department Credit Union, being a part of this, likely shares a similar mission of serving its members financially. However, without specific details, it's impossible to provide a more precise or detailed mission statement.

Who is the CEO of Gloucester Fire Department Credit Union?

Susan Dellacroce is the Treasurer of Gloucester Fire Department Credit Union.

What is the revenue of Gloucester Fire Department Credit Union?

Gloucester Fire Department Credit Union's revenue in 2020 was $32,693.

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

The average compensation at Gloucester Fire Department Credit Union during 2020 was $15,600. There is 1 employee and 13 volunteers at Gloucester Fire Department Credit Union.


Here are 14 key members and their salaries:


Susan Dellacroce (Treasurer)
  • Compensation: $15,600
  • Related: $0
  • Other: $0
Joseph Aiello (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Aiello (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Asaro (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Cusick (Vice Chairpe)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Decoste (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alison Demeule (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Doucette (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Gargan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hannon Iii (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Lyons (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mitchell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Rivas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Shulman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gloucester Fire Department Credit Union?

Gloucester Fire Department Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Gloucester Fire Department Credit Union

Gloucester Fire Department Credit Union serves a unique purpose as a credit union. Its mission is centered around financial services, specifically providing credit options to its members. However, the information provided does not elaborate on the specifics of its mission or the population it serves. As a credit union, it likely operates on a not-for-profit basis, returning earnings to its members in the form of lower loan rates, higher interest on deposits, and other benefits. While the details of its mission remain unclear from the given information, it can be inferred that Gloucester Fire Department Credit Union aims to provide financial support and services to its members in a responsible and member-focused manner.

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Impact




October, 2024

The Gloucester Fire Department Credit Union plays a vital role in supporting the local community by providing accessible financial services tailored to the needs of its members. By offering affordable loans, savings options, and financial education, it fosters economic stability among firefighters and their families.

Located in Gloucester, MA, the credit union promotes a sense of community and belonging while prioritizing the financial well-being of its members. Through its focus on public benefit, the credit union ensures that individuals have the resources and support necessary to navigate their financial landscapes, ultimately contributing to the resilience and prosperity of the local area. This commitment enhances the overall quality of life for its members and strengthens community bonds.




This information is meant to be a general summary of Gloucester 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
$32,693 (2020)
Expenses
$31,518 (2020)
Efficiency

Other financial information:

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

  • Investment Income: $3,532
  • Program Service Revenue: $29,156
  • Gross Receipts: $32,693

Assets and Liabilities:

  • Total Assets: $654,697
  • Total Liabilities: $442,485
  • Net Assets: $212,212

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Programs

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

INTEREST FROM LOANS

Revenue

$29,156

Organization Details

Founding Year

1938

Principal Officer

Susan Dellacroce

Main Address

8 SCHOOL STREET, GLOUCESTER, MA, 019303529

NTEE Category

Code: W60 - Public benefit

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