Metro Credit Union

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

EIN: 041695745 ✦ Chelsea, MA ✦ Designated as a 501(c)(14)

Overview

What is Metro Credit Union?

Metro Credit Union is a financial institution functioning as a nonprofit organization. Based on the given information, its primary role involves offering loan and deposit products to its members to help them manage their financial needs. Although not explicitly stated, it appears that Metro Credit Union aims to provide these financial services to assist individuals in achieving financial stability and growth. The organization does not disclose specific details regarding its mission, size, or location, but it is known for extending its services to those who register as its members.


Official website here: www.metrocu.org

Is Metro Credit Union legitimate?

Metro Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Metro 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: $3,202,682
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,685,160

For more financial information, click here


Official website here: www.metrocu.org

What is the mission statement of Metro Credit Union?

Metro Credit Union is dedicated to helping its members address their financial requirements through the provision of various loan and deposit products. The organization's primary objective is to assist members in meeting their financial needs. By offering these financial solutions, Metro Credit Union empowers its members to manage their money effectively and reach their financial goals. The credit union does not limit its services to just loans and deposits; it aims to provide a comprehensive range of financial products to cater to the diverse needs of its members. Additionally, Metro Credit Union may offer associated services such as online banking and financial education resources to enhance the value of its offerings.


Official website here: www.metrocu.org

Who is the CEO of Metro Credit Union?

Robert M Cashman is the President/Ceo/Director of Metro Credit Union. The CEO's salary of Metro Credit Union is $1,275,383 and their total compensation is $1,322,209.


Official website here: www.metrocu.org

What is the revenue of Metro Credit Union?

Metro Credit Union's revenue in 2022 was $114,336,853.


Official website here: www.metrocu.org

Who are the executives of Metro Credit Union and what are their salaries?

The average compensation at Metro Credit Union during 2022 was $59,275. There are 403 employees and 11 volunteers at Metro Credit Union.

Here are 23 key members and their salaries (Metro Credit Union's CEO's salary is $1,275,383 and their total compensation is $1,322,209):

    Robert M Cashman (President/Ceo/Director)
  • Compensation: $1,275,383
  • Related: $0
  • Other: $46,826

    • Traci Michel (Chief Operating Officer)
  • Compensation: $581,365
  • Related: $0
  • Other: $33,296

    • Erik Porter (Chief Financial Officer)
  • Compensation: $401,894
  • Related: $0
  • Other: $21,984

    • Kevin Malone (Svp Senior Commericial Len)
  • Compensation: $373,814
  • Related: $0
  • Other: $27,326

    • Jeffrey Accaputo (Mortgage Client Services S)
  • Compensation: $374,683
  • Related: $0
  • Other: $20,782

    • Kevin Gannon (Mortgage Loan Originator)
  • Compensation: $360,772
  • Related: $0
  • Other: $34,337

    • Eric Gilliland (Vp Commercial Relationship Manager)
  • Compensation: $281,697
  • Related: $0
  • Other: $32,286

    • Maria A Justiniano (Svp Lending)
  • Compensation: $257,973
  • Related: $0
  • Other: $31,411

    • Marie O'Neill (Svp Engagement, Experience)
  • Compensation: $251,684
  • Related: $0
  • Other: $23,513

    • Charlene Bauer (Svp Outreach, Advocacy & C)
  • Compensation: $231,296
  • Related: $0
  • Other: $22,826

    • James Herndon (Svp Human Resources)
  • Compensation: $203,086
  • Related: $0
  • Other: $28,573

    • Alex Mcmaster (Loan Originator)
  • Compensation: $212,091
  • Related: $0
  • Other: $14,695

    • David Holzman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arnold S Baer (Director/Assistant Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bion Foster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Zang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arthur Cohan (Director (Deceased))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Imbergamo (Director/Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Harris (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul M Gulko (Director/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Smoller (Director/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Frank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.metrocu.org

    Where can I find the form 990 for Metro Credit Union?

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


    Official website here: www.metrocu.org

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

    Mission Statement of Metro Credit Union

    Metro Credit Union, a financial institution, is dedicated to helping its members meet their financial needs. Through a range of loan and deposit products, Metro Credit Union assists its members in managing their funds effectively. The organization's mission goes beyond just financial services; it aims to make a positive impact on the lives of its members.

    Metro Credit Union's commitment to its members extends beyond providing them with the necessary financial tools. The union serves as a reliable partner in their financial journeys, offering them guidance and support when needed. By prioritizing the financial well-being of its members, Metro Credit Union plays a vital role in helping them navigate through various financial challenges and achieve their financial goals.

    In essence, Metro Credit Union is more than just a credit union; it is a trusted ally that empowers its members to make informed financial decisions. Its mission is to provide valuable financial services that cater to the unique needs of each member and contribute to their overall financial stability. By working closely with its members, Metro Credit Union fosters a strong sense of financial security and enables them to build a better future.

    Impact

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




    Thursday, August 15, 2024

    Metro Credit Union's impact is significant as it provides loan and deposit products to its members, assisting them in meeting their financial needs. This helps individuals and families in Chelsea, Massachusetts, access essential financial services and support. By offering these services, Metro Credit Union plays a crucial role in improving the financial well-being of its members and the community as a whole.





    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: $1,759,371
  • Program Service Revenue: $104,066,283
  • Gross Receipts: $827,346,964

    • Assets and Liabilities:
  • Total Assets: $3,156,507,565
  • Total Liabilities: $2,917,840,908
  • Net Assets: $238,666,657
  • Programs

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

    INTEREST INCOME ON LOANS

    Revenue

    $83,860,192

    MEMBER FEES

    Revenue

    $18,026,214

    LOAN FEES

    Revenue

    $2,179,877

    Organization Details

    Founding Year

    1926

    Principal Officer

    Robert M Cashman

    Main Address

    200 REVERE BEACH PARKWAY, CHELSEA, MA, 02150

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Metro 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.