Harvard University Employees Credit Union

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

EIN: 046017806 ✦ Cambridge, MA ✦ Designated as a 501(c)(14)

Overview

What is Harvard University Employees Credit Union?

The Harvard University Employees Credit Union is a Massachusetts-chartered credit union, limited to individuals affiliated with Harvard University and its hospitals. With a membership of over 50,000, the credit union offers a range of financial services primarily consisting of residential real estate and consumer loans, as well as checking, savings, and term certificate accounts. The organization's mission is to provide beneficial financial and personal services to its members, and to educate the community about financial matters. As a trusted partner, the credit union aims to offer the best possible prices, highest quality personal service, and sincere advice. The Harvard University Employees Credit Union is committed to being a community leader and deepening its long-standing dedication to housing issues, green initiatives, financial literacy, and access to credit for low and moderate income borrowers. The credit union values integrity and responsibility and strives to enhance communities and create solutions for various social, environmental, and economic challenges.


Official website here: www.huecu.org

Is Harvard University Employees Credit Union legitimate?

Harvard University Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Harvard University Employees 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: $885,885
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,544,666

For more financial information, click here


Official website here: www.huecu.org

What is the mission statement of Harvard University Employees Credit Union?

The Harvard University Employees Credit Union is dedicated to being a trusted partner in the financial lives of its members. It aims to provide the best possible prices, highest quality personal service, and sincere, sound advice. The credit union aspires to be known as a community leader and deepens its long-standing commitment to housing issues, green initiatives, financial literacy, and access to credit for low and moderate-income borrowers. The not-for-profit cooperative values integrity and responsibility in all its actions, striving to enhance communities and create solutions for social, environmental, and economic issues. The credit union seeks transformation and growth while holding onto its core values.


Official website here: www.huecu.org

Who is the CEO of Harvard University Employees Credit Union?

Craig E Leonard is the Director of Harvard University Employees Credit Union. The CEO's salary of Harvard University Employees Credit Union is $560,019 and their total compensation is $622,395.


Official website here: www.huecu.org

What is the revenue of Harvard University Employees Credit Union?

Harvard University Employees Credit Union's revenue in 2022 was $44,999,109.


Official website here: www.huecu.org

Who are the executives of Harvard University Employees Credit Union and what are their salaries?

The average compensation at Harvard University Employees Credit Union during 2022 was $67,636. There are 169 employees and 15 volunteers at Harvard University Employees Credit Union.

Here are 22 key members and their salaries (Harvard University Employees Credit Union's CEO's salary is $560,019 and their total compensation is $622,395):

    Craig Leonard (President & Ceo)
  • Compensation: $560,019
  • Related: $0
  • Other: $62,376

    • Peter Buchanan Retired 2022 (Svp, Real Estate Lending)
  • Compensation: $355,311
  • Related: $0
  • Other: $56,892

    • Thomas Montilli (Evp & Chief Experience Off)
  • Compensation: $325,865
  • Related: $0
  • Other: $57,609

    • John Degnan (Svp, Operations)
  • Compensation: $255,506
  • Related: $0
  • Other: $47,717

    • Katherine Armstrong (Svp, Chief Financial Officer)
  • Compensation: $241,650
  • Related: $0
  • Other: $48,982

    • Helen Laskaris (Mortgage Loan Originator)
  • Compensation: $257,871
  • Related: $0
  • Other: $26,997

    • Michael Levine (Mortgage Loan Originator)
  • Compensation: $222,460
  • Related: $0
  • Other: $27,393

    • Harman Kaur (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Luke (Co-Vice Chairman/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gonzalo Munoz Sanz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Campbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shahar Ziv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Lichten (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karrie Ford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dee Dee Chen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • April Edrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Lucey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeremiah Murphy (Vice-Chairman/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Straub (Clerk/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Geoerge White (Chairman/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan G Simon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Ann O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.huecu.org

    Where can I find the form 990 for Harvard University Employees Credit Union?

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


    Official website here: www.huecu.org

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

    Mission Statement of Harvard University Employees Credit Union

    Harvard University Employees Credit Union, a not-for-profit cooperative, is dedicated to acting in the best interests of its members. The Credit Union aspires to be a trusted partner in members' financial lives, offering the best possible prices, top-notch personal service, and sincere, sound advice. The organization aims to deepen its commitment to various community initiatives, including housing issues, green initiatives, financial literacy, and access to credit for low and moderate income borrowers. Taking a transformative approach to growth and change, Harvard University Employees Credit Union maintains its core values of integrity and responsibility. The Credit Union strives to enhance its communities and create solutions for social, environmental, and economic issues. By prioritizing its members' needs, Harvard University Employees Credit Union seeks to make a positive impact on their financial lives and contribute to the betterment of society.

    Impact

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




    Thursday, August 15, 2024

    Harvard University Employees Credit Union provides convenient financial and personal services in the best interest of its members, aiming to be a trusted partner in their financial lives. With a mission to offer the best possible price, high-quality personal service, and sincere, sound advice, the credit union serves over 50,000 members primarily consisting of employees, faculty, students, and alumni of Harvard University and its affiliated hospitals.

    In addition to its financial services, Harvard University Employees Credit Union also actively educates the community about finances, housing issues, green initiatives, and financial literacy. The credit union is committed to providing access to credit for low and moderate-income individuals, working towards transformational growth and change while upholding its core values of integrity and responsibility.

    By prioritizing the best interest of its members and emphasizing community leadership, the Harvard University Employees Credit Union has a positive impact on local communities by providing financial solutions and addressing social, environmental, and economic issues.





    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: $3,858,734
  • Program Service Revenue: $41,140,375
  • Gross Receipts: $44,999,109

    • Assets and Liabilities:
  • Total Assets: $1,145,537,469
  • Total Liabilities: $1,056,564,072
  • Net Assets: $88,973,397
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $35,348,395

    BANK FEES

    Revenue

    $5,791,980

    Organization Details

    Founding Year

    1939

    Principal Officer

    Craig E Leonard

    Main Address

    104 MT AUBURN ST 4TH FLOOR, CAMBRIDGE, MA, 02138

    NTEE Category

    Code: W60 - Public benefit

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