Overview
What is Revere Firefighters Credit Union?
The Revere Firefighters Credit Union is a nonprofit organization situated at 199 Revere Street, Revere, MA 02151. Their primary mission is to provide a convenient system for members to accumulate savings and credit. The organization reported a total compensation of $63,710 for its employees, and incurred various expenses such as dividend expenses, member insurance, office expenses, payroll taxes, and professional services. With a small workforce of just 4 employees, Revere Firefighters Credit Union remains committed to its mission, offering financial services and opportunities for its members.
Is Revere Firefighters Credit Union legitimate?
Revere Firefighters Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Revere Firefighters 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: $41,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,310
For more financial information, click here
What is the mission statement of Revere Firefighters Credit Union?
The Revere Firefighters Credit Union operates with a mission to provide a convenient system for its members to accumulate savings and credit. This mission is reflected in the services they offer, aimed at facilitating financial growth and credit management for their members. The Union does not disclose specific details about advocacy, research, or global reach like some other organizations do, but its primary focus is on providing a user-friendly platform for savings and credit management.
Who is the CEO of Revere Firefighters Credit Union?
Thomas S Todisco is the Treasurer of Revere Firefighters Credit Union.
What is the revenue of Revere Firefighters Credit Union?
Revere Firefighters Credit Union's revenue in 2022 was $255,945.
Who are the executives of Revere Firefighters Credit Union and what are their salaries?
The average compensation at Revere Firefighters Credit Union during 2022 was $15,928. There are 4 employees and 4 volunteers at Revere Firefighters Credit Union.
There is 1 key member and their salary:
- Compensation: $41,400
- Related: $0
- Other: $0
Where can I find the form 990 for Revere Firefighters Credit Union?
Revere Firefighters Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Revere Firefighters Credit Union
Revere Firefighters Credit Union is committed to providing a convenient system for its members to accumulate both savings and credit. This mission is central to the organization's activities, aiming to facilitate financial management for its members. The credit union's operations are not limited to savings and credit, as evidenced by its expenditures on employee compensation, dividend expenses, member insurance, office expenses, payroll taxes, and professional services. These expenses suggest a comprehensive approach to serving its members, going beyond simple financial transactions. Despite the financial focus, the mission of Revere Firefighters Credit Union is primarily about providing a convenient and accessible system for its members to manage their finances effectively.
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Impact
October, 2024
Revere Firefighters Credit Union plays a vital role in promoting financial well-being within the Revere community. By providing a convenient system to accumulate savings and access credit, it enables members to effectively manage their finances, build savings, and secure loans tailored to their needs.
The credit union allocates resources thoughtfully, with significant investments in member services, including dividend expenses of $104,926 and member insurance totaling $12,567. These efforts underline its commitment to supporting its members' financial health. Additionally, the credit union engages a skilled workforce, reflected in employee compensation of $63,710, ensuring that members receive quality service.
Revere Firefighters Credit Union also supports local economic activities through professional services expenditures of $29,614, which can further enhance community engagement and service delivery. With a focus on facilitating savings and credit access, the credit union contributes positively to the financial landscape of Revere, empowering its members to achieve their financial goals.
This information is meant to be a general summary of Revere Firefighters 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.
- Program Service Revenue: $255,945
- Gross Receipts: $255,945
Assets and Liabilities:
- Total Assets: $7,637,633
- Total Liabilities: $6,434,326
- Net Assets: $1,203,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES
Revenue
$2,254
INTEREST ON LOANS
Revenue
$98,939
INVESTMENT INCOME
Revenue
$154,752
Organization Details
Founding Year
1990
Phone
(781) 853-0660Principal Officer
Thomas S Todisco
Main Address
199 REVERE STREET, REVERE, MA, 02151
NTEE Category
Code: W60 - Public benefit
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