Overview
What is Leominster Credit Union?
Leominster Credit Union, based at 20 Adams Street, Leomester, MA 01453, is a community-focused financial services provider with a team of 190 employees. Their primary goal is to meet the financial needs of their members, offering exceptional service and advanced technology. At the end of the year, they had 32,686 members, with interest expenses on certificates of deposit amounting to $3,092,977. The credit union is committed to being a responsible corporate citizen, enriching the communities where they operate.
Official website here: www.leominstercu.com
Is Leominster Credit Union legitimate?
Leominster Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Leominster 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: $1,365,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,395,053
For more financial information, click here
Official website here: www.leominstercu.com
What is the mission statement of Leominster Credit Union?
Leominster Credit Union is dedicated to meeting the financial needs of its members through exceptional service and advanced technology. As a community-focused financial institution, the credit union aims to make a positive impact in the areas it serves. Its primary objective is to fulfill the financial requirements of its members in an effective and responsible manner. At the end of the year, the credit union boasted a membership of 32,686 individuals and paid out a significant amount in interest on certificates of deposit, totaling $3,092,977.
Official website here: www.leominstercu.com
Who is the CEO of Leominster Credit Union?
Barbara Mahoney is the President/Ceo of Leominster Credit Union. The CEO's salary of Leominster Credit Union is $383,529 and their total compensation is $428,961.
Official website here: www.leominstercu.com
What is the revenue of Leominster Credit Union?
Leominster Credit Union's revenue in 2022 was $30,384,917.
Official website here: www.leominstercu.com
Who are the executives of Leominster Credit Union and what are their salaries?
The average compensation at Leominster Credit Union during 2022 was $51,369. There are 190 employees and 10 volunteers at Leominster Credit Union.
Here are 20 key members and their salaries (Leominster Credit Union's CEO's salary is $383,529 and their total compensation is $428,961):
- Barbara Mahoney (President/Ceo)
- Joseph Normant (Cfo)
- Diane Farnsworth (Former Sr. Mortgage Originator)
- Craig Madonia (Svp Lending)
- Katie Najjar (Svp Retail)
- Mychelle Phillips (Vp Operations)
- Ellen Coughlin (Svp Hr & Development)
- Kelli Rooney (Svp Community Engagement & Marketing)
- Audie Franks (Former Vp It)
- Oscar O'Connor (Vp Lending Operations)
- Bruce Bollivar (Former Director)
- Robert Dellechiaie (Director)
- Nancy Graves (Treasurer) [Trustee/Director]
- Giulio Greco (Assistant Treasurer) [Trustee/Director]
- Henry Kulik (Director)
- Joyce Leger (Director)
- Joseph Quintal (Clerk) [Trustee/Director]
- John W Reedy (Director)
- Michael Sauvageau (Vice Chairperson) [Trustee/Director]
- Richard Sheppard (Chairperson) [Trustee/Director]
Official website here: www.leominstercu.com
Where can I find the form 990 for Leominster Credit Union?
The Leominster Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.leominstercu.com
Learn more at the official website: www.leominstercu.com
Mission Statement of Leominster Credit Union
Leominster Credit Union, or LCU, is a community-focused financial services provider dedicated to meeting the financial needs of its members through exceptional service and innovative technology. Established with a commitment to enriching the communities it serves, LCU strives to go above and beyond in delivering financial solutions to its members.
The mission of Leominster Credit Union is twofold. Firstly, it aims to provide outstanding service, ensuring that each member receives personalized attention and support to help them achieve their financial goals. Secondly, LCU utilizes effective technology to streamline processes and make banking more convenient for its members.
As a responsible corporate citizen, LCU is deeply invested in the well-being of the communities it serves. With a membership base of 32,686 individuals, the credit union paid out an impressive $3,092,977 in interest on certificates of deposit at the end of the year. This significant financial contribution is a testament to LCU's commitment to its members and its role as a valuable partner in their financial journeys.
Impact
This information is meant to be a general summary of Leominster Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Leominster Credit Union positively impacts its community by fulfilling its members' financial needs through outstanding service and effective technology. With over 32,000 members, the credit union paid over $3 million in interest on certificates of deposit, demonstrating its commitment to supporting members' financial goals. By providing essential financial services and actively contributing to the community, Leominster Credit Union plays a significant role in enhancing the overall well-being of its members and the areas it serves.
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.
INTEREST ON LOANS
Revenue
$19,855,414
SERVICE CHARGES AND FEE INCOME
Revenue
$5,011,692
Organization Details
Founding Year
1954
Phone
(978) 537-8021
Principal Officer
Barbara Mahoney
Main Address
20 ADAMS STREET, LEOMINSTER, MA, 01453
Website
www.leominstercu.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Leominster 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.