Overview
What is Tremont Credit Union?
Tremont Credit Union is a state-chartered financial institution, serving as a credit union for its members. It provides a diverse array of financial services, such as deposit accounts and loans, to cater to various financial needs. As a state-chartered credit union, Tremont Credit Union's primary mission is to offer its members a broad selection of financial products, ensuring financial well-being and flexibility.
Official website here: www.tremontcu.org
Is Tremont Credit Union legitimate?
Tremont Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tremont 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: $1,013,084
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,075,051
For more financial information, click here
Official website here: www.tremontcu.org
What is the mission statement of Tremont Credit Union?
Tremont Credit Union, functioning as a State-chartered entity, serves its members by providing a variety of financial solutions. This encompasses diverse deposit accounts and loan options. The primary objective of Tremont Credit Union is to cater to its members' financial needs effectively, offering them a wide array of financial products. As a State Chartered Credit Union, Tremont Credit Union is committed to providing its members with reliable and accessible financial services, ensuring they can manage their finances efficiently.
Official website here: www.tremontcu.org
Who is the CEO of Tremont Credit Union?
James Roy is the Director of Tremont Credit Union. The CEO's salary of Tremont Credit Union is $435,548 and their total compensation is $467,186.
Official website here: www.tremontcu.org
What is the revenue of Tremont Credit Union?
Tremont Credit Union's revenue in 2022 was $11,136,951.
Official website here: www.tremontcu.org
Who are the executives of Tremont Credit Union and what are their salaries?
The average compensation at Tremont Credit Union during 2022 was $52,341. There are 59 employees and 9 volunteers at Tremont Credit Union.
Here are 14 key members and their salaries (Tremont Credit Union's CEO's salary is $435,548 and their total compensation is $467,186):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $435,548
- Related: $0
- Other: $31,638
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $24,000
- 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: $162,639
- Related: $0
- Other: $32,878
- Compensation: $173,097
- Related: $0
- Other: $31,726
- Compensation: $104,994
- Related: $0
- Other: $16,564
Official website here: www.tremontcu.org
Where can I find the form 990 for Tremont Credit Union?
Tremont Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tremontcu.org
Learn more at the official website: www.tremontcu.org
Mission Statement of Tremont Credit Union
Tremont Credit Union, as a State Chartered Credit Union, is dedicated to providing a variety of financial services to its members. Its mission encompasses offering a selection of deposit accounts and loans, catering to the financial needs of its members in a comprehensive manner. This nonprofit organization operates with the goal of offering its members access to essential financial tools, thereby empowering them to manage their finances effectively.
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Impact
October, 2024
Tremont Credit Union plays a significant role in the financial well-being of its community by providing essential banking services tailored to the needs of its members in Milton, MA. As a state-chartered credit union, it offers a variety of financial products, including deposit accounts and loan options, which help individuals and families manage their finances effectively.
By prioritizing member services and engagement, Tremont Credit Union fosters a sense of community and encourages financial literacy. This focus not only supports members in achieving their financial goals but also stimulates local economic growth by promoting responsible lending and saving practices. Through its commitment to public benefit, Tremont Credit Union enhances the quality of life for its members and contributes positively to the broader community.
This information is meant to be a general summary of Tremont 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,089,611
- Program Service Revenue: $10,047,340
- Gross Receipts: $11,136,951
Assets and Liabilities:
- Total Assets: $255,114,045
- Total Liabilities: $233,077,800
- Net Assets: $22,036,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$8,463,725
NSF AND OD FEES
Revenue
$704,921
ATM AND INTERCHANGE IN
Revenue
$261,136
OTHER INCOME
Revenue
$244,218
MEMBER SERVICE CHARGES
Revenue
$207,430
Organization Details
Founding Year
1952
Phone
(781) 843-5626Principal Officer
James Roy
Main Address
2 GRANITE AVENUE 101, MILTON, MA, 02186
Website
www.tremontcu.orgNTEE Category
Code: W60 - Public benefit
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