St Anne's Credit Union Fka St Anne's Credit Union Of Fall River

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

EIN: 042128094 ✦ Fall river, MA ✦ Designated as a 501(c)(14)

Overview

What is St Anne's Credit Union Fka St Anne's Credit Union Of Fall River?

St. Anne's Credit Union, formerly known as St. Anne's Credit Union of Fall River, is a cooperative financial institution based in Fall River, Massachusetts. With a strong commitment to its members, it had $993 million in share account deposits and $759 million in loans to members at the end of 2022. The credit union offers a range of financial services, including savings, checking, money market, and term certificate accounts, as well as residential mortgage, commercial mortgage, and consumer loans through its full-service offices and loan centers in southeastern Massachusetts.


Is St Anne's Credit Union Fka St Anne's Credit Union Of Fall River legitimate?

St Anne's Credit Union Fka St Anne's Credit Union Of Fall River is a legitimate nonprofit organization registered as a 501(c)(14) entity. St Anne's Credit Union Fka St Anne's Credit Union Of Fall River 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: $1,062,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,767,006

For more financial information, click here


What is the mission statement of St Anne's Credit Union Fka St Anne's Credit Union Of Fall River?
Who is the CEO of St Anne's Credit Union Fka St Anne's Credit Union Of Fall River?
What is the revenue of St Anne's Credit Union Fka St Anne's Credit Union Of Fall River?
Who are the executives of St Anne's Credit Union Fka St Anne's Credit Union Of Fall River and what are their salaries?

The average compensation at St Anne's Credit Union Fka St Anne's Credit Union Of Fall River during 2022 was $23,994. There are 368 employees and 9 volunteers at St Anne's Credit Union Fka St Anne's Credit Union Of Fall River.

Here are 19 key members and their salaries (St Anne's Credit Union Fka St Anne's Credit Union Of Fall River's CEO's salary is $505,938 and their total compensation is $523,889):


Where can I find the form 990 for St Anne's Credit Union Fka St Anne's Credit Union Of Fall River?

Mission Statement of St Anne's Credit Union Fka St Anne's Credit Union Of Fall River

St. Anne's Credit Union, a financial institution dedicated to its members, offers a range of services through its full-service offices and loan centers in southeastern Massachusetts. The Credit Union's primary deposit products include savings, checking, money market, and term certificate accounts, while its lending assets consist of residential mortgages, commercial mortgages, and consumer loans.

In simple terms, St. Anne's Credit Union aims to cater to the financial needs of its members by providing various services, from savings and checking accounts to mortgage and consumer loan options. By maintaining a diverse portfolio of deposit and lending products, the Credit Union ensures it can accommodate the financial needs of its members effectively.

Furthermore, St. Anne's Credit Union is committed to providing essential financial services to its community, enabling its members to save, borrow, and manage their money with ease and confidence. By offering a wide range of financial products and services, the Credit Union empowers its members to take control of their financial futures.

Impact

This information is meant to be a general summary of St Anne's Credit Union Fka St Anne's Credit Union Of Fall River. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

St Anne's Credit Union, formerly known as St Anne's Credit Union Of Fall River, has a significant impact in the community by providing a variety of financial services to its members in southeastern Massachusetts. With nearly $1 billion in share account deposits and $759 million in loans to members, the credit union plays a crucial role in supporting the financial needs of individuals and businesses in the area.

By offering savings, checking, money market, and term certificate accounts, as well as residential mortgage, commercial mortgage, and consumer loans, St Anne's Credit Union helps members achieve their financial goals and contribute to the local economy. As a cooperative owned and directed by its members, the credit union is dedicated to serving the community and promoting financial stability and growth.

Through its full-service offices and loan centers, St Anne's Credit Union embodies its mission to provide quality financial services tailored to the needs of its members. This commitment to public benefit highlights the credit union's positive impact on the community and its role in fostering economic opportunity and financial well-being.





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: $5,804,084
  • Program Service Revenue: $25,611,830
  • Gross Receipts: $36,103,812

    • Assets and Liabilities:
  • Total Assets: $1,151,715,010
  • Total Liabilities: $1,045,188,919
  • Net Assets: $106,526,091
  • Programs

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

    MEMBER LOAN INTEREST

    Revenue

    $25,611,830

    Organization Details

    Founding Year

    1935

    Principal Officer

    Peter Panaggio

    Main Address

    286 OLIVER STREET, FALL RIVER, MA, 027242998

    NTEE Category

    Code: W60 - Public benefit

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