New London Municipal Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 066065050 ✦ New london, CT ✦ Designated as a 501(c)(14)

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Overview

What is New London Municipal Credit Union?

New London Municipal Credit Union is a state-chartered financial institution, based in the heart of New London, Connecticut, specifically located on Main Street. With a modest team of three dedicated individuals, this nonprofit organization is committed to offering credit union financial services to its members. As a credit union, it operates with a mission to serve its community, providing essential financial resources and support to its members in need.


Official website here: www.nlmecu.org

Is New London Municipal Credit Union legitimate?

New London Municipal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. New London Municipal 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: $90,410

For more financial information, click here


Official website here: www.nlmecu.org

What is the mission statement of New London Municipal Credit Union?

New London Municipal Credit Union's mission is centered around providing financial services to its members, operating under a state charter. The primary objective of this credit union is to cater to the financial needs of its members, offering various credit union-related financial services.


Official website here: www.nlmecu.org

Who is the CEO of New London Municipal Credit Union?

Melissa Robinson is the Treasurer of New London Municipal Credit Union.


Official website here: www.nlmecu.org

What is the revenue of New London Municipal Credit Union?

New London Municipal Credit Union's revenue in 2020 was $113,511.


Official website here: www.nlmecu.org

Who are the executives of New London Municipal Credit Union and what are their salaries?

The average compensation at New London Municipal Credit Union during 2020 was $30,137. There are 3 employees at New London Municipal Credit Union.


Here are 7 key members and their salaries:


Barbara Paul (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Farrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Pabon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Nott Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Topliff (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Tranchida (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Rinehart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nlmecu.org

Where can I find the form 990 for New London Municipal Credit Union?

New London Municipal Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.nlmecu.org

Learn more at the official website: www.nlmecu.org

Mission Statement of New London Municipal Credit Union

New London Municipal Credit Union, as a state-chartered credit union, is dedicated to providing financial services to its members. Its mission, in simple terms, is to cater to the financial needs of its members. This nonprofit organization offers a range of credit union services, aiming to support and empower its members financially. By doing so, it contributes to the financial well-being of its members, enabling them to manage their finances effectively and make informed financial decisions.

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Impact




October, 2024

New London Municipal Credit Union (NLMCCU) significantly impacts its community by offering essential financial services tailored to the needs of its members in New London, Connecticut. As a state-chartered credit union, NLMCCU focuses on providing accessible and affordable banking options, fostering financial stability and empowerment among its members.

Through its services, NLMCCU supports local residents by facilitating savings accounts, loans, and other financial tools that help members achieve their personal and financial goals. The credit union's commitment to serving its members creates a positive ripple effect within the community, promoting economic growth and enhancing the quality of life for individuals and families.

By prioritizing member service and public benefit, NLMCCU plays a vital role in strengthening the local economy and building a supportive financial framework for the New London community.




This information is meant to be a general summary of New London Municipal 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.

Revenue
$113,511 (2020)
Expenses
$141,823 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $109,365
  • Program Service Revenue: $1,050
  • Gross Receipts: $113,511

Assets and Liabilities:

  • Total Assets: $3,232,846
  • Total Liabilities: $2,598,044
  • Net Assets: $634,802

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INSURANCE PREMIUMS

Revenue

$1,050

Organization Details

Founding Year

1963

Principal Officer

Melissa Robinson

Main Address

MAIN STREET, NEW LONDON, CT, 06320

NTEE Category

Code: W60 - Public benefit

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