Overview
What is 802 Credit Union?
The 802 Credit Union is a member-focused financial institution based in Barre, Vermont, with a US address at 265 S Main St, ZIP code 05641. This nonprofit organization offers a range of credit union services, specializing in automobile, home equity, and personal loans for a membership of approximately 34,000 individuals. The Credit Union's primary mission revolves around extending financial assistance and related services directly to its members. With a dedicated workforce of 126 employees, the 802 Credit Union ensures its members have access to essential credit solutions for their automotive, housing, and personal needs.
Official website here: www.802cu.com
Is 802 Credit Union legitimate?
802 Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 802 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: $852,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,464,570
For more financial information, click here
Official website here: www.802cu.com
What is the mission statement of 802 Credit Union?
The 802 Credit Union focuses on delivering credit union services to a membership of around 34,000 individuals. Their primary activities revolve around offering automobile, home equity, and personal loans. The mission of the credit union is geared towards providing these financial services to enhance the financial well-being of its members. Through its operations, the credit union aims to offer valuable benefits that cater to the diverse financial needs of its membership. Additionally, the credit union remains committed to ensuring the accessibility and affordability of these financial products. Overall, the 802 Credit Union serves its members by offering essential loans that help them manage their personal and home finances effectively.
Official website here: www.802cu.com
Who is the CEO of 802 Credit Union?
Sean Gammon is the Exec Director/Ceo of 802 Credit Union. The CEO's salary of 802 Credit Union is $331,660 and their total compensation is $331,660.
Official website here: www.802cu.com
What is the revenue of 802 Credit Union?
Who are the executives of 802 Credit Union and what are their salaries?
The average compensation at 802 Credit Union during 2022 was $42,198. There are 126 employees and 25 volunteers at 802 Credit Union.
Here are 16 key members and their salaries (802 Credit Union's CEO's salary is $331,660 and their total compensation is $331,660):
- Sean Gammon (Exec Director/Ceo)
- Jill Fortier (Chief Financial Officer)
- Stacey Benoit (Chief Operating Officer)
- Chuck Karparis (Senior Vice President Of Lending)
- Ethan Grimes (Vp Mortgage Lending)
- Mary Hull (Secretary) [Trustee/Director]
- Anne Marie Hestnesharris (Board Member) [Trustee/Director]
- Gary Adamski (Board Member) [Trustee/Director]
- Jeff Mobus (Board Chair/President) [Trustee/Director]
- Owen Shindler (Board Member) [Trustee/Director]
- Deborah Carpenter (Board Member) [Trustee/Director]
- John Sama (Board Member/Treasurer) [Trustee/Director]
- Michael Cooney (Board Vice Chair) [Trustee/Director]
- Bob Kendall (Board Member) [Trustee/Director]
- James Valente (Board Member) [Trustee/Director]
- Robin Sweetapple (Board Member) [Trustee/Director]
Official website here: www.802cu.com
Where can I find the form 990 for 802 Credit Union?
The 802 Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.802cu.com
Learn more at the official website: www.802cu.com
Mission Statement of 802 Credit Union
802 Credit Union, a credit union institution, is dedicated to offering financial services to a membership base of around 34,000 individuals. The primary focus of this organization lies in providing automobile, home equity, personal loans, and mortgages to its members.
In simplified terms, 802 Credit Union exists to cater to the financial needs of its members by offering various loan options. These loans encompass the purchase of automobiles, investment in home equity, and personal requirements. With a membership that numbers approximately 34,000, the credit union plays a significant role in serving its community by providing essential financial services.
Furthermore, 802 Credit Union's mission is not limited to mere financial transactions; it also extends to enhancing the benefits of membership. Thus, the credit union offers a range of programs and services tailored to its members, ensuring they can access the financial support they need to improve their lives. While the specifics of these member benefits are not detailed in the provided information, it is clear that 802 Credit Union is committed to making a difference in the lives of its members through financial assistance and support.
Impact
This information is meant to be a general summary of 802 Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
802 Credit Union's impact can be seen in the direct support and financial services it provides to its approximately 34,000 members. By offering automobile, home equity, personal loans, and mortgages, 802 Credit Union plays a vital role in facilitating the financial well-being of individuals and families in Barre, Vermont. Through its membership benefit programs and services, 802 Credit Union contributes to the economic stability and growth of the community, empowering members to achieve their financial goals and aspirations.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Home Equity/Mortgage Loan
Revenue
$5,124,927
Auto Personal/Misc Loan Interest
Revenue
$4,001,727
Credit Card Interest Income
Revenue
$563,730
Fees & Interchange Income
Revenue
$4,019,686
Organization Details
Founding Year
1953
Phone
(802) 479-9411
Principal Officer
Sean Gammon
Main Address
265 S Main St, BARRE, VT, 05641
Website
www.802cu.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of 802 Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.