Sharon & Cresent United Credit Union

Organization Overview

Sharon & Cresent United Credit Union is located in Brockton, MA. The organization was established in 1925. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2018, Sharon & Cresent United Credit Union employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharon & Cresent United Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2018, Sharon & Cresent United Credit Union generated $18.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $16.1m during the year ending 12/2018. While expenses have increased by 3.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

A COOPERATIVE SOCIETY ORGANIZED WITHIN A GROUP OF PEOPLE OPERATING UNDER STATE AND FEDERAL SUPERVISION PROVIDING A SYSTEM FOR ACCUMULATING SAVINGS AND CREDIT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CRESCENT CREDIT UNION OFFERS A COMPLETE RANGE OF PERSONAL AND BUSINESS FINANCIAL SERVICES TO APPROXIMATELY 45,000 MEMBERS. THESE SERVICES INCLUDE CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, AND ALL TYPES OF LOANS, INCLUDING MORTGAGES, LINES OF CREDIT, EQUITY LOANS, PERSONAL LOANS AND CAR LOANS. AS OF 12/31/2018 THE CREDIT UNION HAD 12,959 LOANS OUTSTANDING, 16,949 CHECKING ACCOUNTS, 27,813 SAVINGS ACCOUNTS, AND 3,713 CERTIFICATE & IRA ACCOUNTS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert W Gustafson
President/ceo
$398,510
Brian Findlay
Vp/cfo
$151,639
Paul Pijanowski
Senior VP
$145,180
Mark Hennessy
Vice President
$143,867
Cheryl Mccormick
Vice President
$127,703
Jonah Wein
Vice President
$106,797

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gatehouse Media
Advertising
$239,601
Lee And Mason Financial Services
Vsi Insurance
$208,265
National Grid
Utilities
$144,123
Patecwindstream
Tele-comm
$118,057
Fiserv
Loan And Deposit Processing
$1,196,594
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$17,428,215
Investment income $1,145,367
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $56,972
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,630,554

Peer Organizations

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