Overview
What is Billerica Municipal Employees Credit Uniion?
Billerica Municipal Employees Credit Union is a nonprofit organization that primarily serves its members by providing them with loan and deposit services. Its mission is centered around gathering deposits and lending back to its members, thereby fulfilling their financial needs. The organization operates within Billerica, providing essential financial services to its member base.
Is Billerica Municipal Employees Credit Uniion legitimate?
Billerica Municipal Employees Credit Uniion is a legitimate nonprofit organization registered as a 501(c)(14) entity. Billerica Municipal Employees Credit Uniion 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: $160,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Billerica Municipal Employees Credit Uniion?
The Billerica Municipal Employees Credit Union, in the pursuit of its mission, focuses on collecting deposits and providing loans to its members. This financial institution operates with the aim of serving its members by offering them financing options and a place to save their funds. The credit union's activities are centered around fostering financial growth and stability for its members. By offering loan and deposit services, the Billerica Municipal Employees Credit Union contributes to the financial well-being of its members, thereby strengthening its own mission. The credit union's mission is to ensure that its members have access to necessary financial services, thereby empowering them to manage their finances effectively.
Who is the CEO of Billerica Municipal Employees Credit Uniion?
Phil Loranger is the Chairperson/President of Billerica Municipal Employees Credit Uniion.
What is the revenue of Billerica Municipal Employees Credit Uniion?
Billerica Municipal Employees Credit Uniion's revenue in 2022 was $435,732.
Who are the executives of Billerica Municipal Employees Credit Uniion and what are their salaries?
The average compensation at Billerica Municipal Employees Credit Uniion during 2022 was $53,607. There are 3 employees and 11 volunteers at Billerica Municipal Employees Credit Uniion.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $54,808
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Billerica Municipal Employees Credit Uniion?
Billerica Municipal Employees Credit Uniion's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Billerica Municipal Employees Credit Uniion
Billerica Municipal Employees Credit Union, as a financial institution, is dedicated to fulfilling a mission that encompasses both deposit collection and lending to its members. With the aim of serving its community, the credit union gathers deposits from its members and uses these funds to provide them with loan services. By doing so, Billerica Municipal Employees Credit Union plays a crucial role in facilitating financial opportunities for its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Billerica Municipal Employees Credit Union significantly influences the local economy by providing essential loan and deposit services to its members. By gathering deposits, it encourages savings and financial stability within the community. This institution facilitates access to credit, allowing members to secure loans for various purposes, which can enhance their quality of life and support local ventures.
The credit union's efforts not only assist individual members but also contribute to broader economic development in Billerica, MA. By investing in the financial well-being of its members, the Credit Union promotes a culture of thrift, responsible borrowing, and community support, ultimately bolstering the economic environment in which it operates. Through its mission of lending and deposit gathering, Billerica Municipal Employees Credit Union plays a vital role in fostering public benefit and enhancing financial resilience among its members.
This information is meant to be a general summary of Billerica Municipal Employees Credit Uniion. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $233,780
- Program Service Revenue: $198,315
- Gross Receipts: $435,732
Assets and Liabilities:
- Total Assets: $19,859,292
- Total Liabilities: $16,339,407
- Net Assets: $3,519,885
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest Income
Revenue
$198,315
Organization Details
Founding Year
2012
Phone
(978) 667-2434Principal Officer
Phil Loranger
Main Address
365 Boston Road, Billerica, MA, 01821
NTEE Category
Code: W60 - Public benefit
If you are a representative of Billerica Municipal Employees Credit Uniion and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.