Overview
What is Commonwealth Utilities Employees Credit Union?
Commonwealth Utilities Employees Credit Union is a nonprofit organization that primarily focuses on providing financial services to its members. With over 1,063 loan accounts and 3,879 share and deposit accounts under its management, the credit union offers a wide range of financial assistance to its members. Beyond basic financial services, Commonwealth Utilities Employees Credit Union also extends its support to the community through scholarship programs for deserving students. This credit union is dedicated to empowering its members financially and contributing to the education of future generations.
Is Commonwealth Utilities Employees Credit Union legitimate?
Commonwealth Utilities Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Commonwealth Utilities 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,763
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What is the mission statement of Commonwealth Utilities Employees Credit Union?
Commonwealth Utilities Employees Credit Union is dedicated to serving its members by offering various financial services. This includes managing 1,063 loan accounts and 3,879 share and deposit accounts. In addition to these financial services, the credit union also provides scholarship programs to recognize and support deserving students. The credit union's mission is primarily focused on catering to the financial needs of its members.
Who is the CEO of Commonwealth Utilities Employees Credit Union?
Brenda S Mahoney is the Asst Treasur of Commonwealth Utilities Employees Credit Union.
What is the revenue of Commonwealth Utilities Employees Credit Union?
Commonwealth Utilities Employees Credit Union's revenue in 2023 was $407,509.
Who are the executives of Commonwealth Utilities Employees Credit Union and what are their salaries?
The average compensation at Commonwealth Utilities Employees Credit Union during 2023 was $13,753. There are 5 employees at Commonwealth Utilities Employees Credit Union.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Commonwealth Utilities Employees Credit Union?
Commonwealth Utilities Employees Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Commonwealth Utilities Employees Credit Union
Commonwealth Utilities Employees Credit Union, a financial institution dedicated to its members, carries out its mission by providing various financial services. The core of its activities revolves around maintaining 1,063 loan accounts and 3,879 share and deposit accounts. Beyond these basic financial services, the credit union demonstrates its commitment to its members by offering scholarship programs for deserving students. By doing so, Commonwealth Utilities Employees Credit Union extends its support beyond just financial matters, aiming to contribute positively to the education and future of its members' families.
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Impact
October, 2024
Commonwealth Utilities Employees Credit Union significantly impacts its community by providing essential financial services to its members. With the management of 1,063 loan accounts, it facilitates access to credit for individuals looking to meet various financial needs. Additionally, the organization oversees 3,879 share and deposit accounts, encouraging saving and financial stability among its members.
The credit union plays a vital role in strengthening the local economy by offering tailored financial solutions, which in turn supports its members' ability to achieve personal and financial goals. Furthermore, Commonwealth Utilities Employees Credit Union contributes to educational advancement through scholarship programs aimed at deserving students, thereby fostering the growth of future generations and investing in the community's long-term prosperity.
This information is meant to be a general summary of Commonwealth Utilities 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 2023.
- Investment Income: $245,902
- Program Service Revenue: $126,951
- Gross Receipts: $407,509
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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
$126,951
Organization Details
Founding Year
1926
Phone
(508) 748-3452Principal Officer
Brenda S Mahoney
Main Address
312 WAREHAM ROAD, MARION, MA, 02738
NTEE Category
Code: W61Z - Public benefit
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