Cooperative Credit Union Association Inc

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

EIN: 043403594 ✦ Marlborough, MA ✦ Designated as a 501(c)(6)

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Overview

What is Cooperative Credit Union Association Inc?

Cooperative Credit Union Association Inc is a nonprofit organization situated in Marlborough, Massachusetts. Its primary mission is to support and encourage credit unions in their community outreach initiatives. To accomplish this goal, the association maintains a Committee on Social Responsibility, which develops a unified plan of social responsibility. This plan includes programs and events that focus on statewide efforts, such as affordable housing, financial literacy, and designated charitable activities. Moreover, the association aims to enhance the positive image of credit unions and increase public awareness of them, as demonstrated by the Credit Union Community Hope Initiative launched in 2006. The association provides services to its members on a local and national level, with a total of 26 employees.


Official website here: www.ccuassociation.org

Is Cooperative Credit Union Association Inc legitimate?

Cooperative Credit Union Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Cooperative Credit Union Association Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,279,084

For more financial information, click here


Official website here: www.ccuassociation.org

What is the mission statement of Cooperative Credit Union Association Inc?

The Cooperative Credit Union Association Inc's mission is to support and encourage credit unions in their community outreach efforts. This organization maintains a Committee on Social Responsibility, whose purpose is to develop a unified plan of social responsibility for the association. This plan includes programs and events focused on affordable housing, financial literacy, and charitable activities, aiming to enhance the positive image of credit unions and increase the public's overall awareness of them. To highlight the goodwill and outreach efforts of Massachusetts credit unions, the Association launched the Credit Union Community Hope Initiative in 2006.


Official website here: www.ccuassociation.org

Who is the CEO of Cooperative Credit Union Association Inc?

Maurice Dawkins is the Board Chair of Cooperative Credit Union Association Inc. The CEO's salary of Cooperative Credit Union Association Inc is $533,062 and their total compensation is $556,137.


Official website here: www.ccuassociation.org

What is the revenue of Cooperative Credit Union Association Inc?

Cooperative Credit Union Association Inc's revenue in 2022 was $5,243,149.


Official website here: www.ccuassociation.org

Who are the executives of Cooperative Credit Union Association Inc and what are their salaries?

The average compensation at Cooperative Credit Union Association Inc during 2022 was $87,657. There are 26 employees and 40 volunteers at Cooperative Credit Union Association Inc.


Here are 16 key members and their salaries (Cooperative Credit Union Association Inc's CEO's salary is $533,062 and their total compensation is $556,137):


Roland Draper (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anabela P Grenier (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Reinhardt (2Nd Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maurice W Dawkins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Scott Macknight (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Araujo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert M Cashman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Danahey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rui F Domingos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blanche Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen J White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Mclean (President/Ceo)
  • Compensation: $533,062
  • Related: $0
  • Other: $23,075
Dawn Roberts (Controller)
  • Compensation: $126,204
  • Related: $0
  • Other: $27,101
Melissa Pomeroy (Chief Revenue Officer)
  • Compensation: $260,533
  • Related: $0
  • Other: $18,728
Walter J Laskos (Svp Strategic Communicatio)
  • Compensation: $190,336
  • Related: $0
  • Other: $25,306
William Nagle (Svp Professional Developme)
  • Compensation: $151,178
  • Related: $0
  • Other: $12,703


Official website here: www.ccuassociation.org

Where can I find the form 990 for Cooperative Credit Union Association Inc?

Cooperative Credit Union Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ccuassociation.org

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

Mission Statement of Cooperative Credit Union Association Inc

Cooperative Credit Union Association Inc, with a commitment to serving its members on a local and national level, actively supports and encourages credit unions in their community outreach efforts. To further strengthen these initiatives, the association maintains a Committee on Social Responsibility. The primary objective of this committee is to develop a unified plan of social responsibility for the association, which is then presented to the Board of Directors. This plan encompasses programs and events that focus on statewide efforts in affordable housing, financial literacy, and designated charitable and community activities. These activities not only strengthen the positive image of credit unions but also increase the public's overall awareness of them. To celebrate the goodwill and outreach that Massachusetts credit unions have shown over the years, Cooperative Credit Union Association Inc launched the Credit Union Community Hope Initiative in 2006. This initiative serves as a testament to the association's dedication to supporting its members and fostering positive change in the communities they serve.

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Impact




October, 2024

Cooperative Credit Union Association Inc significantly influences local and national communities by enhancing the services available to credit union members. Operating from Marlborough, MA, the association focuses on promoting outreach efforts that empower credit unions in their respective communities.

By maintaining a dedicated committee on social responsibility, the association develops a comprehensive plan aimed at fostering positive community engagement. This includes initiatives centered on affordable housing, financial literacy, and various charitable activities.

One noteworthy initiative is the Credit Union Community Hope Initiative, launched in 2006, which encapsulates the spirit of goodwill that Massachusetts credit unions have historically demonstrated. Through these efforts, the association not only improves the image of credit unions but also raises public awareness, contributing to overall community improvement. The association's commitment to these values is pivotal in creating lasting, positive changes in community dynamics.




This information is meant to be a general summary of Cooperative Credit Union Association Inc. 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
$5,243,149 (2022)
Expenses
$5,022,852 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$38,140
  • Program Service Revenue: $3,103,496
  • Gross Receipts: $10,118,536

Assets and Liabilities:

  • Total Assets: $11,210,165
  • Total Liabilities: $3,666,904
  • Net Assets: $7,543,261

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Programs

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

MEMBERSHIP DUES AND RELATED

Revenue

$3,055,686

CHAPTER FUNCTION INCOME

Revenue

$47,810

Organization Details

Founding Year

1934

Principal Officer

Maurice Dawkins

Main Address

845 DONALD LYNCH BOULEVARD, MARLBOROUGH, MA, 01752

NTEE Category

Code: S41 - Community improvement

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