Overview
What is Service Credit Union?
Service Credit Union, located at 3003 Lafayette Road in Portsmouth, New Hampshire (03801), is a financial cooperative dedicated to serving its members with various loans, certificates of deposit (CDs), share accounts, and Individual Retirement Account (IRA) CDs. During the nine-month period ending September 30, 2020, the credit union generated $27,454,331 in interest from members' share and savings accounts. The credit union operates on a not-for-profit basis, with the primary goal of improving financial well-being for its members and supporting the communities it serves. As of September 30, 2020, the credit union converted to a federal credit union.
Official website here: www.servicecu.org
Is Service Credit Union legitimate?
Service Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Service 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,597,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,215,983
For more financial information, click here
Official website here: www.servicecu.org
What is the mission statement of Service Credit Union?
Service Credit Union is committed to serving its members and enhancing their financial well-being. Its mission goes beyond making a profit, focusing instead on doing what is right for its members. The credit union strives to create value and enduring relationships, while also giving back to the communities it serves. It offers various financial products, including loans, certificates of deposit (CDs), share accounts, and Individual Retirement Account (IRA) CDs to its members. During the nine-month period ending September 30, 2020, the credit union generated interest of over $27 million from members' share and savings accounts. As of the same date, the credit union underwent a conversion to a federal credit union and ceased to exist as a state-chartered tax-exempt credit union.
Official website here: www.servicecu.org
Who is the CEO of Service Credit Union?
David Araujo is the Director of Service Credit Union. The CEO's salary of Service Credit Union is $646,413 and their total compensation is $690,402.
Official website here: www.servicecu.org
What is the revenue of Service Credit Union?
Who are the executives of Service Credit Union and what are their salaries?
- David Araujo (President/Ceo)
- Dan Clarke (Svp, Member Experience)
- Philip Von Streicher (Vp Overseas)
- Michael Porter (Vp Operations)
- Michael Bergeron (Vp Logistics)
- Wendy Beswick (Vp Marketing)
- Fawn Terwilliger (Svp, Chief Lending Officer)
- Satish Mehta (Svp, Chief Administrative Officer)
- Geoffry Gilton (Svp, Technology)
- May Hatem (Vp, Hr/Training)
- Michael Dvorak (Svp, Accounting & Finance)
- Dan Eagan (Director)
- Scott Wensley (Vice Chair / Treasurer) [Trustee/Director]
- Joanne Whiting (Director)
- Clifford Taylor (Director)
- Dr James Fishbein (Chair) [Trustee/Director]
- Sue Desjardins (Secretary) [Trustee/Director]
- Michael Mcmahon (Director)
Official website here: www.servicecu.org
Where can I find the form 990 for Service Credit Union?
The Service Credit Union’s most recent form 990 was submitted in 2020 and can be accessed here
Official website here: www.servicecu.org
Learn more at the official website: www.servicecu.org
Mission Statement of Service Credit Union
Service Credit Union, a not-for-profit financial institution, is dedicated to enhancing the financial well-being of its members. In doing so, the credit union goes beyond simple transactions, aiming to create value and enduring relationships. By focusing on the needs of its members, Service Credit Union strives to make a positive impact on their lives.
The mission of Service Credit Union is multifaceted. It encompasses improving the financial situation of members through various financial products and services. These offerings include loans, certificates of deposit (CDs), share accounts, Individual Retirement Account (IRA) CDs, and more. The credit union's success is illustrated in the substantial interest earned on members' share and savings accounts, which totaled $27,454,331 during the nine-month period ending September 30, 2020.
Beyond financial services, Service Credit Union seeks to support the communities it serves. By making a difference in the lives of its members, the credit union contributes to the overall well-being of the community. At its core, Service Credit Union is committed to fostering a sense of mutual purpose, ensuring that it operates solely for the benefit of its members. As a result, Service Credit Union has made a significant impact on the lives of its members, providing them with the financial resources and support they need to thrive.
Impact
This information is meant to be a general summary of Service Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Service Credit Union impacts its members by providing various types of loans, CDs, share accounts, and IRA CDs to support their financial well-being. As of September 30, 2020, the credit union converted to a federal credit union, continuing its mission of doing what is right for members and supporting the communities it serves. Service Credit Union's focus on creating value and enduring relationships underscores its commitment to making a positive difference in the lives of its members and the community.
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 2020.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM LOANS
Revenue
$99,582,229
FEES AND CHARGES
Revenue
$26,632,316
INTERCHANGE INCOME
Revenue
$18,182,455
INSURANCE COMMISSIONS
Revenue
$7,254,950
NON-MEMBER ATM INCOME
Revenue
$863,455
Organization Details
Founding Year
1957
Phone
(603) 422-8300
Principal Officer
David Araujo
Main Address
3003 LAFAYETTE ROAD, PORTSMOUTH, NH, 03801
Website
www.servicecu.org
NTEE Category
Code: W60 - Public benefit
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