Program areas at Leominster Credit Union
To serve our members, our highest expense is interest paid on certificates of deposit. At year-end, the Credit Union had 38,086 members, and interest paid on certificates of deposit totaled $4,789,159.
Our third highest expense is interest paid on money market accounts for our members. At year-end, the Credit Union had 38,086 members, and interest paid on money market accounts totaled $414,308.
Our second highest expense is interest paid on individual retirement accounts for our members. At year-end, the Credit Union had 38,086 members, and interest paid on money market accounts totaled $647,696.
Grants made by Leominster Credit Union
Personnel at Leominster Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Barbara Mahoney | President and Chief Executive Officer | $414,280 | 2023-09-30 |
| Joseph Normant | Senior Vice President and Chief Financial Officer | $250,551 | 2024-08-13 |
| Mychelle Phillips | Vice President Operations | $191,467 | 2023-09-30 |
| Kelli Rooney | Senior Vice President Community Engagement and Marketing | $174,954 | 2023-09-30 |
| Andrew Leblanc | Vice President Information Technology | $138,946 | 2023-09-30 |
| ...and 11 more key personnel |
Financials for Leominster Credit Union
| Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $32,484,750 | $24,867,106 | 30.6% |
| Investment income and dividends | $7,932,301 | $5,061,264 | 56.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $92,395 | $81,184 | 13.8% |
| Net gain from sale of non-inventory assets | $5,082 | $86,383 | -94.1% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $163,706 | $288,980 | -43.4% |
| Total revenues | $40,678,234 | $30,384,917 | 33.9% |
Organizations like Leominster Credit Union
| Organization | Type | Location | Revenue |
|---|
| Lake Trust Credit Union | 501(c)(14) | Brighton, MI | $102,003,770 |
| First Community Credit Union | 501(c)(14) | Coquille, OR | $62,808,074 |
| Credit UNIONS CHARTERED IN THE STATE OF MICHIGAN - 097 Vibe Credit Union (OCCU) | 501(c)(14) | Novi, MI | $70,370,228 |
| St Anne's Credit Union | 501(c)(14) | Fall River, MA | $36,103,812 |
| Credit Unions in the State of Washington / Inspirus Credit Union | 501(c)(14) | Seattle, WA | $53,981,403 |
| Credit Union of Southern California | 501(c)(14) | Anaheim, CA | $120,210,205 |
| Financial Partners Credit Union | 501(c)(14) | Downey, CA | $83,728,887 |
| Fox Communities Credit Union (FOXCU) | 501(c)(14) | Appleton, WI | $104,390,989 |
| Coast Central Credit Union | 501(c)(14) | Eureka, CA | $66,591,892 |
| Pacific Service Credit Union | 501(c)(14) | Concord, CA | $55,384,960 |
Data update history
September 21, 2024
Updated personnel
Identified 1 new personnel
October 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 4, 2023
Updated personnel
Identified 1 new personnel
September 25, 2023
Used new vendors
Identified 2 new vendors, including , and
August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCredit unions
Issues
No issues found
Characteristics
State / local level
General information
- Address
- 20 Adams St
- Leominster, MA 01453
- Metro area
- Worcester, MA-CT
- County
- Worcester County, MA
- Website URL
- leominstercu.com/Â
- Phone
- (978) 537-8021
- Facebook page
- LeominsterCUÂ
IRS details
- EIN
- 04-2348884
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1954
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Independent
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