First Credit Union Of Scranton

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

EIN: 240800441 ✦ Scranton, PA ✦ Designated as a 501(c)(14)

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Overview

What is First Credit Union Of Scranton?

First Credit Union of Scranton is a cooperative financial institution, based in Scranton, Pennsylvania, specifically at 605 Davis Street. Its primary mission is to offer financial services to its members, aiming to enhance their financial well-being. With a total workforce of six individuals, the credit union is dedicated to providing its members with cooperative financial solutions.


Official website here: www.firstcu.org

Is First Credit Union Of Scranton legitimate?

First Credit Union Of Scranton is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Credit Union Of Scranton 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: $173,233

For more financial information, click here


Official website here: www.firstcu.org

What is the mission statement of First Credit Union Of Scranton?

First Credit Union of Scranton is committed to delivering cooperative financial services to its members. Their primary goal is to cater to the financial needs of their members, ensuring they provide necessary financial services in a cooperative manner. The union prioritizes offering financial services to its members, serving as a reliable financial partner for them. Their mission is centered around providing financial assistance and support to their members, fostering a cooperative bond between the union and its members.


Official website here: www.firstcu.org

Who is the CEO of First Credit Union Of Scranton?

Jamie Masters is the Board Member of First Credit Union Of Scranton.


Official website here: www.firstcu.org

What is the revenue of First Credit Union Of Scranton?

First Credit Union Of Scranton's revenue in 2020 was $508,371.


Official website here: www.firstcu.org

Who are the executives of First Credit Union Of Scranton and what are their salaries?

The average compensation at First Credit Union Of Scranton during 2020 was $28,872. There are 6 employees at First Credit Union Of Scranton.


Here are 7 key members and their salaries:


Richard Dunleavy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Gavin (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Pilosi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Ryan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Saville (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Schiavo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Snyder (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.firstcu.org

Where can I find the form 990 for First Credit Union Of Scranton?

First Credit Union Of Scranton's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.firstcu.org

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

Mission Statement of First Credit Union Of Scranton

First Credit Union of Scranton, as a cooperative financial institution, is committed to serving its members by providing them with various financial services. Its mission, in simple terms, is to extend financial assistance and resources to its members in a cooperative manner. This organization is dedicated to empowering its members financially, offering them the necessary tools and support to manage their finances effectively.

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Impact




October, 2024

First Credit Union of Scranton positively impacts the community by offering cooperative financial services that empower its members. Located in Scranton, PA, it provides access to essential financial resources, encouraging saving, responsible lending, and overall financial literacy. By prioritizing the needs of its members, the credit union fosters a sense of community and collaboration, allowing individuals to achieve their financial goals in a supportive environment. This member-centric approach enhances economic well-being and contributes to the financial stability of the local community, reinforcing the value of cooperative financial practices.




This information is meant to be a general summary of First Credit Union Of Scranton. 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
$508,371 (2020)
Expenses
$620,968 (2020)
Efficiency

Other financial information:

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

  • Investment Income: $161,106
  • Program Service Revenue: $347,265
  • Gross Receipts: $508,371

Assets and Liabilities:

  • Total Assets: $20,794,231
  • Total Liabilities: $19,633,946
  • Net Assets: $1,160,285

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Programs

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

INTEREST ON MEMBER LOANS

Revenue

$160,097

OTHER OPERATING INCOME

Revenue

$114,447

FEE INCOME

Revenue

$71,225

ATM SURCHARGES

Revenue

$1,496

Organization Details

Principal Officer

Jamie Masters

Main Address

605 DAVIS STREET, SCRANTON, PA, 18505

NTEE Category

Code: W60 - Public benefit

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