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EIN 04-1659235

New Bedford Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
71
City
New Bedford
State
Massachusetts
Year formed
1932
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
New Bedford Credit Union provides thrift services to its members with the best service possible, including making loans to members at market rates of interest, maintaining member shares and deposits, and serving 3,157 accounts for loans and 22,842 accounts from 10,552 members for shares and deposits.
Total revenues
$5,691,082
2022
Total expenses
$4,998,471
2022
Total assets
$161,883,461
2022
Num. employees
71
2022

Program areas at New Bedford Credit Union

Maintenance of member shares and deposits.
Making of loans to members at market rates of interest.

Personnel at New Bedford Credit Union

NameTitleCompensation
David BorgesVice President of Finance and Controller / Chief Executive Officer and President / President and Chief Executive Officer$32,628
Humberta VaraoPresident and Chief Executive Officer$198,762
Tara DegraceVice President Operations and Retail Ser / Assistant Vice President Operations$72,780
Michelle GreenwaltVice President of Finance and Controller / Vice President Finance and Controller - Started 9 and 23 and 13$103,765
Alexia JacobsonVice President Human Resources$71,998
...and 15 more key personnel

Financials for New Bedford Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$5,172,415
Investment income and dividends$518,667
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,691,082

Form 990s for New Bedford Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2018-122019-09-14990View PDF
2017-122018-11-15990View PDF
...and 10 more Form 990s

Organizations like New Bedford Credit Union

OrganizationLocationRevenue
Cornerstone Credit UnionFreeport, IL$6,965,510
Cooperativa de Ahorro Y Credito HatilloHatillo, PR$7,701,719
Cooperativa de Ahorro Y Credito MorovenaMorovis, PR$4,630,080
Foundation Credit UnionSpringfield, MO$2,698,734
Arsenal Credit Union (ACU)Arnold, MO$21,467,724
Greater Kentucky Credit UnionLexington, KY$5,100,885
Minnequa Works Credit UnionPueblo, CO$7,236,388
CSD Credit UnionKansas City, MO$2,351,686
Kansas Teachers Community Credit UnionPittsburg, KS$4,648,197
Illinois Valley Credit Union (IVCU)Peru, IL$1,872,703
Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 6 new personnel
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 18, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
1150 Purchase St
New Bedford, MA 02740
Metro area
Providence-Warwick, RI-MA
County
Bristol County, MA
Website URL
nbcu4u.com/contact-us/ 
Phone
(508) 994-6546
IRS details
EIN
04-1659235
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1932
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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