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 32,686 members, and interest paid on certificates of deposit totaled $3,092,977.
Our third highest expense is interest paid on individual retirement accounts for our members. At year-end, the Credit Union had 32,686 members, and interest paid on individual retirement accounts totaled $821,969.
Our second highest expense is interest paid on money market accounts for our members. At year-end, the Credit Union had 32,686 members, and interest paid on money market accounts totaled $1,094,931.
Grants made by Leominster Credit Union
Personnel at Leominster Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Barbara Mahoney | President and Chief Executive Officer / Senior Vice President Chief Operating Officer / Senior Vice President Human Resources / Senior Vice President of Human Resources | $284,400 | 2021-09-30 |
| John O'Brien | President and Chief Executive Officer | $540,560 | 2021-09-30 |
| Joseph Normant | Senior Vice President , Chief Financial Officer / Senior Vice President and Chief Financial Officer | $175,924 | 2022-04-11 |
| Mychelle Phillips | Vice President Operations / Vice President , Operations and Information Technology / Vice President of Operations | $127,517 | 2021-09-30 |
| Kelli Rooney | Senior Vice President , Community Engagement and Marketing / Senior Vice President Community Engagement and Marketing | $176,485 | 2021-09-30 |
| ...and 10 more key personnel |
Financials for Leominster Credit Union
| Revenues | FYE 09/2022 | FYE 09/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $24,867,106 | $24,881,720 | -0.1% |
| Investment income and dividends | $5,061,264 | $3,967,570 | 27.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $81,184 | $117,110 | -30.7% |
| Net gain from sale of non-inventory assets | $86,383 | $1,157,611 | -92.5% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $288,980 | $286,744 | 0.8% |
| Total revenues | $30,384,917 | $30,410,755 | -0.1% |
Organizations like Leominster Credit Union
| Organization | Type | Location | Revenue |
|---|
| Alpena Alcona Area Credit Union (AAACU) | 501(c)(14) | Alpena, MI | $22,122,560 |
| Northwest Plus Credit Union | 501(c)(14) | Everett, WA | $11,941,664 |
| Credit Unions in the State of Washington / Inspirus Credit Union | 501(c)(14) | Seattle, WA | $53,981,403 |
| Credit Unions Chartered in the State of Michigan - 423 Security Credit Union | 501(c)(14) | Holly, MI | $27,633,370 |
| Bloom Credit Union | 501(c)(14) | Wyoming, MI | $10,150,900 |
| Indiana University Credit Union | 501(c)(14) | Bloomington, IN | $48,794,263 |
| Verity Credit Union | 501(c)(14) | Seattle, WA | $35,849,734 |
| American 1 Credit Union | 501(c)(14) | Jackson, MI | $38,158,505 |
| Ascentra Credit Union | 501(c)(14) | Bettendorf, IA | $29,345,594 |
| Alabama Credit Union | 501(c)(14) | Tuscaloosa, AL | $57,798,045 |
Data update history
October 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 25, 2023
Used new vendors
Identified 2 new vendors, including , and
August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Used new vendors
Identified 8 new vendors, including , , , , , , , and
May 19, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Credit 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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