City Of Boston Credit Union

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

EIN: 041103180 ✦ South boston, MA ✦ Designated as a 501(c)(14)

Overview

What is City Of Boston Credit Union?

City of Boston Credit Union, established in 1915, is one of the oldest credit unions in the United States. Based in Boston, this nonprofit institution prioritizes providing essential financial services to its members. With a commitment to being the primary financial partner, the credit union offers various thrift services to its community. Founded over a century ago, its mission continues to serve and support the financial needs of its members.


Official website here: www.cityofbostoncu.com

Is City Of Boston Credit Union legitimate?

City Of Boston Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. City Of Boston 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: $1,532,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,479,407

For more financial information, click here


Official website here: www.cityofbostoncu.com

What is the mission statement of City Of Boston Credit Union?

City of Boston Credit Union, established in 1915, serves as the primary financial provider for its members. With a rich history as one of the oldest Credit Unions in the US, its mission is to cater to the financial needs of its members. The credit union aims to offer a comprehensive range of financial services, positioning itself as a trusted financial partner. By focusing on its members, it aspires to enhance their financial well-being and contribute to their overall financial success. Additionally, it strives to provide personalized and efficient services, ensuring its members have access to financial solutions tailored to their needs.


Official website here: www.cityofbostoncu.com

Who is the CEO of City Of Boston Credit Union?

Cecil Jones is the Ceo/Presiden of City Of Boston Credit Union. The CEO's salary of City Of Boston Credit Union is $202,545 and their total compensation is $252,285.


Official website here: www.cityofbostoncu.com

What is the revenue of City Of Boston Credit Union?

City Of Boston Credit Union's revenue in 2022 was $22,869,244.


Official website here: www.cityofbostoncu.com

Who are the executives of City Of Boston Credit Union and what are their salaries?

The average compensation at City Of Boston Credit Union during 2022 was $52,753. There are 95 employees and 11 volunteers at City Of Boston Credit Union.

Here are 24 key members and their salaries (City Of Boston Credit Union's CEO's salary is $202,545 and their total compensation is $252,285):

    Neil Gordon (Ceo/Presiden)
  • Compensation: $359,451
  • Related: $0
  • Other: $43,787

    • Catherine Mullen (Interim Ceo)
  • Compensation: $202,545
  • Related: $0
  • Other: $49,740

    • Robert Mccauley (Vp Of Lendin)
  • Compensation: $164,942
  • Related: $0
  • Other: $42,210

    • Karla Mccarron (Vp Of Market)
  • Compensation: $156,038
  • Related: $0
  • Other: $44,937

    • Carol Donovan (Hr Manager)
  • Compensation: $136,572
  • Related: $0
  • Other: $43,138

    • James Carden (Consumer Loa)
  • Compensation: $119,944
  • Related: $0
  • Other: $38,396

    • Audrey Walker (Operations M)
  • Compensation: $106,963
  • Related: $0
  • Other: $43,885

    • Jeremy Parker (Cfo (Through)
  • Compensation: $80,578
  • Related: $0
  • Other: $23,249

    • Kerian Baszkiewicz (Branch Manag)
  • Compensation: $103,349
  • Related: $0
  • Other: $0

    • Coleman Flaherty (Cfo) [Trustee/Director]
  • Compensation: $80,994
  • Related: $0
  • Other: $14,965

    • Jasbir Sandhu (Vp Deposit O)
  • Compensation: $24,710
  • Related: $0
  • Other: $7,629

    • Brian Gill (Secretary) [Trustee/Director]
  • Compensation: $11,700
  • Related: $0
  • Other: $216

    • Gregory Rooney (Chairperson) [Trustee/Director]
  • Compensation: $11,700
  • Related: $0
  • Other: $216

    • Thomas Tinlin (Treasurer) [Trustee/Director]
  • Compensation: $11,700
  • Related: $0
  • Other: $216

    • Mark Bernard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Susan Connolly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • James Driscoll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Stephen Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Cecil Jones (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Kevin Linskey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Neil Mcgonagle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Matthew Moroney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Timothy Smyth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216

    • Christopher Stockbridge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $216


  • Official website here: www.cityofbostoncu.com

    Where can I find the form 990 for City Of Boston Credit Union?

    The City Of Boston Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cityofbostoncu.com

    Learn more at the official website: www.cityofbostoncu.com

    Mission Statement of City Of Boston Credit Union

    City of Boston Credit Union, a pioneering financial institution established in 1915, is dedicated to serving its members as their principal financial service provider. With a rich history spanning more than a century, the Credit Union has stood the test of time and continues to thrive. Its mission is to put its members' financial needs at the forefront, offering essential services to help them manage their money effectively. By being a reliable and trusted financial partner, City of Boston Credit Union aims to contribute positively to the financial well-being of its members.

    Impact

    This information is meant to be a general summary of City Of Boston Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    City of Boston Credit Union has a significant impact as a primary financial service provider for its members. Established in 1915, it is one of the oldest credit unions in the United States today. The credit union's mission is to meet the financial needs of its community in South Boston, Massachusetts, by offering thrift services and promoting financial wellbeing. Through its commitment to public benefit, City of Boston Credit Union plays a vital role in supporting the financial stability and growth of its members and the local community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,063,293
  • Program Service Revenue: $18,637,092
  • Gross Receipts: $23,321,757

    • Assets and Liabilities:
  • Total Assets: $674,850,893
  • Total Liabilities: $639,272,398
  • Net Assets: $35,578,495
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $18,368,595

    OTHER INCOME

    Revenue

    $229,482

    RENTAL INCOME

    Revenue

    $39,015

    Organization Details

    Founding Year

    1915

    Principal Officer

    Cecil Jones

    Main Address

    455 WEST BROADWAY, SOUTH BOSTON, MA, 02127

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of City Of Boston 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.