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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
C David Surface President/ceo | OfficerTrustee | 40 | $336,767 |
Kathleen Donahue Executive Vice President | 40 | $155,795 | |
Stephen Pedro CFO | 40 | $136,716 | |
James Metcalf VP Consumer Lending | 40 | $128,834 | |
Nicole Cokorogianis VP It | 40 | $118,584 | |
Kathryn Macdonald VP Of Compliance | 40 | $115,533 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Synergent Core Data Provider | 12/30/21 | $659,150 |
Ncua Share Insurance & Regulator | 12/30/21 | $204,474 |
Digital Insight Corpncr Home Banking | 12/30/21 | $242,698 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $81,004 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $336,767 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $3,439,843 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $459,656 |
Other employee benefits | $459,410 |
Payroll taxes | $324,249 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,450 |
Fees for services: Accounting | $42,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,800 |
Advertising and promotion | $0 |
Office expenses | $265,056 |
Information technology | $1,090,482 |
Royalties | $0 |
Occupancy | $835,487 |
Travel | $17,976 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,035 |
Interest | $1,137,928 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $478,883 |
Insurance | $26,505 |
All other expenses | $21,070 |
Total functional expenses | $10,403,697 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,901,095 |
Savings and temporary cash investments | $28,007,585 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $201,184,679 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $242,450 |
Net Land, buildings, and equipment | $8,097,213 |
Investments—publicly traded securities | $58,528,469 |
Investments—other securities | $7,387,392 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,054,545 |
Total assets | $315,403,428 |
Accounts payable and accrued expenses | $120,972 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $856,327 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $18,488,171 |
Other liabilities | $268,815,004 |
Total liabilities | $288,280,474 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $27,122,954 |
Total liabilities and net assets/fund balances | $315,403,428 |
Organization Name | Assets | Revenue |
---|---|---|
Vermont State Employees Credit Union Montpelier, VT | $1,088,463,473 | $48,370,084 |
Harvard University Employees Credit Union Cambridge, MA | $1,037,994,144 | $42,695,601 |
Sharon & Cresent United Credit Union Sharon, MA | $1,214,608,643 | $40,886,511 |
St Annes Credit Union Of Fall River Mass Fall River, MA | $1,266,762,131 | $34,865,858 |
Granite State Credit Union Manchester, NH | $634,204,646 | $34,223,432 |
Sikorsky Financial Credit Union Inc Stratford, CT | $1,094,000,567 | $34,623,993 |
Leominster Credit Union Leominster, MA | $813,719,349 | $30,410,755 |
St Marys Credit Union Inc Marlborough, MA | $985,400,554 | $32,310,700 |
Triangle Credit Union Nashua, NH | $877,280,050 | $30,352,425 |
Northern Credit Union Watertown, NY | $435,001,865 | $31,512,409 |
Connex Credit Union Inc North Haven, CT | $868,570,264 | $30,771,499 |
Align Credit Union Lowell, MA | $748,085,438 | $24,193,748 |