St Jeans Credit Union

Organization Overview

St Jeans Credit Union is located in Salem, MA. The organization was established in 1935. 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 12/2021, St Jeans Credit Union employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Jeans 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 12/2021, St Jeans Credit Union generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $10.4m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF ST. JEAN'S CREDIT UNION IS TO FULFILL THE NEEDS OF OUR DIVERSE MEMBERSHIP WITH THE UTMOST INTEGRITY AND PRIVACY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MAINTENANCE OF MEMBER ACCOUNTS AND PAYMENT OF DIVIDENDS THEREON. THE CREDIT UNION MAINTAINS 30,744 ACCOUNTS AS OF THE CALENDAR YEAR-END.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Synergent
Core Data Provider
$659,150
Ncua
Share Insurance & Regulator
$204,474
Digital Insight Corpncr
Home Banking
$242,698
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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$8,953,676
Investment income $532,141
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $66,854
Net Gain/Loss on Asset Sales $199,361
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,808,191

Peer Organizations

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