Overview
What is Harvard University Employees Credit Union?
The Harvard University Employees Credit Union is a Massachusetts-chartered credit union, limited to individuals affiliated with Harvard University and its hospitals. With a membership of over 50,000, the credit union offers a range of financial services primarily consisting of residential real estate and consumer loans, as well as checking, savings, and term certificate accounts. The organization's mission is to provide beneficial financial and personal services to its members, and to educate the community about financial matters. As a trusted partner, the credit union aims to offer the best possible prices, highest quality personal service, and sincere advice. The Harvard University Employees Credit Union is committed to being a community leader and deepening its long-standing dedication to housing issues, green initiatives, financial literacy, and access to credit for low and moderate income borrowers. The credit union values integrity and responsibility and strives to enhance communities and create solutions for various social, environmental, and economic challenges.
Official website here: www.huecu.org
What are the reviews and ratings of this charity?
The Harvard University Employees Credit Union is not currently rated by Charity Navigator due to its classification as a non-501(c)(3) organization, which falls outside the evaluation criteria used by Charity Navigator. This lack of a rating does not imply either positive or negative standing; it simply reflects the organization's structural classification rather than its performance.
Charity Navigator's evaluation scope is primarily for organizations registered under the 501(c)(3) status, which the Credit Union does not possess. Consequently, significant evaluation areas such as Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability are not assessed for this entity.
No user reviews are available on GreatNonprofits for the Harvard University Employees Credit Union, leaving a gap in public sentiment and anecdotal feedback usually leveraged to gauge stakeholder experiences and satisfaction.
This AI summary has been generated from information found on Charity Navigator.
Is Harvard University Employees Credit Union legitimate?
Harvard University Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Harvard University Employees 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: $885,885
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,544,666
For more financial information, click here
Official website here: www.huecu.org
What is the mission statement of Harvard University Employees Credit Union?
The Harvard University Employees Credit Union is dedicated to being a trusted partner in the financial lives of its members. It aims to provide the best possible prices, highest quality personal service, and sincere, sound advice. The credit union aspires to be known as a community leader and deepens its long-standing commitment to housing issues, green initiatives, financial literacy, and access to credit for low and moderate-income borrowers. The not-for-profit cooperative values integrity and responsibility in all its actions, striving to enhance communities and create solutions for social, environmental, and economic issues. The credit union seeks transformation and growth while holding onto its core values.
Official website here: www.huecu.org
Who is the CEO of Harvard University Employees Credit Union?
Craig E Leonard is the Director of Harvard University Employees Credit Union. The CEO's salary of Harvard University Employees Credit Union is $560,019 and their total compensation is $622,395.
Official website here: www.huecu.org
What is the revenue of Harvard University Employees Credit Union?
Harvard University Employees Credit Union's revenue in 2022 was $44,999,109.
Official website here: www.huecu.org
Who are the executives of Harvard University Employees Credit Union and what are their salaries?
The average compensation at Harvard University Employees Credit Union during 2022 was $67,636. There are 169 employees and 15 volunteers at Harvard University Employees Credit Union.
Here are 22 key members and their salaries (Harvard University Employees Credit Union's CEO's salary is $560,019 and their total compensation is $622,395):
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- Compensation: $560,019
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- Compensation: $222,460
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- Compensation: $255,506
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- Other: $47,717
- Compensation: $241,650
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- Other: $48,982
Official website here: www.huecu.org
Where can I find the form 990 for Harvard University Employees Credit Union?
Harvard University Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.huecu.org
Learn more at the official website: www.huecu.org
Mission Statement of Harvard University Employees Credit Union
Harvard University Employees Credit Union, a not-for-profit cooperative, is dedicated to acting in the best interests of its members. The Credit Union aspires to be a trusted partner in members' financial lives, offering the best possible prices, top-notch personal service, and sincere, sound advice. The organization aims to deepen its commitment to various community initiatives, including housing issues, green initiatives, financial literacy, and access to credit for low and moderate income borrowers. Taking a transformative approach to growth and change, Harvard University Employees Credit Union maintains its core values of integrity and responsibility. The Credit Union strives to enhance its communities and create solutions for social, environmental, and economic issues. By prioritizing its members' needs, Harvard University Employees Credit Union seeks to make a positive impact on their financial lives and contribute to the betterment of society.
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Impact
October, 2024
Harvard University Employees Credit Union (HUECU) significantly impacts its community by providing vital financial and personal services tailored to the needs of its members. With over 50,000 members primarily consisting of employees, faculty, students, and alumni of Harvard University and its affiliated hospitals, HUECU plays a crucial role in supporting their financial well-being.
The credit union offers a wide range of financial products, including residential real estate and consumer loans, as well as checking, savings, and term certificate accounts. By prioritizing attractive pricing and high-quality personal service, HUECU fosters a trusting relationship with its members, ensuring they receive sound financial advice that aligns with their interests.
Additionally, HUECU is deeply committed to community engagement, emphasizing financial literacy, access to credit for low and moderate-income borrowers, and promoting green initiatives. The credit union positions itself as a community leader, striving to address critical social, environmental, and economic challenges. Through these efforts, HUECU not only enhances individual financial stability but also contributes to the greater good of the community it serves.
This information is meant to be a general summary of Harvard University Employees 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: $3,858,734
- Program Service Revenue: $41,140,375
- Gross Receipts: $44,999,109
Assets and Liabilities:
- Total Assets: $1,145,537,469
- Total Liabilities: $1,056,564,072
- Net Assets: $88,973,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$35,348,395
BANK FEES
Revenue
$5,791,980
Organization Details
Founding Year
1939
Phone
(617) 495-4460Principal Officer
Craig E Leonard
Main Address
104 MT AUBURN ST 4TH FLOOR, CAMBRIDGE, MA, 02138
Website
www.huecu.orgNTEE Category
Code: W60 - Public benefit
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