Overview
What is Cranston Municipal Employees Credit Union?
The Cranston Municipal Employees Credit Union, also known as CME Credit Union, is a member-owned cooperative situated at 1615 Pontiac Avenue, Cranston, Rhode Island 02920. With a staff of 14 individuals, this credit union's primary mission is to offer its members the opportunity to save and borrow for their current and future financial needs. The credit union strives to provide outstanding service at fair and favorable rates and terms, catering to its members' expanding financial service needs. In 2022, Cranston Municipal Employees Credit Union paid interest to its members with savings accounts and certificates of deposit, totaling 252,071 dollars.
Official website here: www.cranstonmecu.org
Is Cranston Municipal Employees Credit Union legitimate?
Cranston Municipal Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cranston Municipal 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: $306,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $440,558
For more financial information, click here
Official website here: www.cranstonmecu.org
What is the mission statement of Cranston Municipal Employees Credit Union?
The Cranston Municipal Employees Credit Union's mission is centered around providing financial opportunities for its members. This includes facilitating savings and lending for present and future needs. The credit union operates as a financially robust, member-owned cooperative, continually adapting to meet the evolving financial service demands of its members. It strives to deliver excellent service at reasonable and favorable rates and terms. Members benefited from interest payments on savings accounts and certificates of deposit, amounting to 252,071 during 2022.
Official website here: www.cranstonmecu.org
Who is the CEO of Cranston Municipal Employees Credit Union?
Brian W Ducharme is the Chairperson of Cranston Municipal Employees Credit Union.
Official website here: www.cranstonmecu.org
What is the revenue of Cranston Municipal Employees Credit Union?
Cranston Municipal Employees Credit Union's revenue in 2022 was $3,389,214.
Official website here: www.cranstonmecu.org
Who are the executives of Cranston Municipal Employees Credit Union and what are their salaries?
The average compensation at Cranston Municipal Employees Credit Union during 2022 was $53,339. There are 14 employees at Cranston Municipal Employees Credit Union.
Here are 19 key members and their salaries:
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- Compensation: $1,520
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- Compensation: $1,360
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- Compensation: $102,798
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- Other: $4,814
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Official website here: www.cranstonmecu.org
Where can I find the form 990 for Cranston Municipal Employees Credit Union?
Cranston Municipal Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cranstonmecu.org
Learn more at the official website: www.cranstonmecu.org
Mission Statement of Cranston Municipal Employees Credit Union
Cranston Municipal Employees Credit Union, as a member-owned cooperative, is dedicated to providing its members with opportunities to save and borrow funds for their current and future needs. This financially strong institution is committed to responding to its members' expanding financial service requirements, offering outstanding service at fair and favorable rates and terms. Its mission is to serve as a cooperative that is responsive to its members' needs, empowering them to manage their finances effectively. The credit union's activities are focused on providing opportunities for saving and borrowing, ensuring that its members have the financial support they require at every stage of their lives.
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Impact
October, 2024
Cranston Municipal Employees Credit Union plays a crucial role in the financial well-being of its members by offering access to savings and borrowing opportunities tailored to their needs. Focused on delivering outstanding service, the credit union fosters a financially strong environment that prioritizes fair and favorable rates for its cooperative members. In 2022, members benefited from interest payments totaling $252,071 on savings accounts and certificates of deposit, reflecting the credit union's commitment to enhancing members' financial growth and security. By being responsive to the expanding financial service needs of its community, Cranston Municipal Employees Credit Union contributes to the economic stability and empowerment of its members in Cranston, Rhode Island.
This information is meant to be a general summary of Cranston Municipal 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: $2,141,441
- Program Service Revenue: $1,247,773
- Gross Receipts: $3,389,214
Assets and Liabilities:
- Total Assets: $73,342,756
- Total Liabilities: $61,402,386
- Net Assets: $11,940,370
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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
$1,003,245
MEMBER SERVICE FEES
Revenue
$244,528
Organization Details
Founding Year
1946
Phone
(401) 463-3010Principal Officer
Brian W Ducharme
Main Address
1615 PONTIAC AVENUE, CRANSTON, RI, 02920
Website
www.cranstonmecu.orgNTEE Category
Code: W61Z - Public benefit
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