Chicopee Municipal Employees Credit Union
- Assets
- $47.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicopee, MA
- Founding
- Data as of
- 12/2015
- EIN
- 04-2491164
Organization Overview
Chicopee Municipal Employees Credit Union is located in Chicopee, MA. As of 12/2015, Chicopee Municipal Employees Credit Union employed 11 individuals. Chicopee Municipal Employees Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION - THRIFT SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS. NUMBER OF ACCOUNTS 7,481.
MAINTENANCE OF MEMBER LOAN ACCOUNTS. NUMBER OF ACCOUNTS 854.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Champeau President & CEO | Officer | 40 | $50,301 |
Laurie Mancini Sr.loan Officer | Officer | 40 | $41,552 |
Margaret O'keefe Account Officer | Officer | 40 | $36,123 |
Carmino Daniele Treasurer | OfficerTrustee | 3 | $0 |
Paul Morin Asst. Treasurer | OfficerTrustee | 3 | $0 |
Edward Czepiel Jr Vice Chair | OfficerTrustee | 0 | $0 |
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 | $498,162 |
| Investment income | $540,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,147,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $153,667 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,990 |
| Pension plan accruals and contributions | $29,464 |
| Other employee benefits | $55,809 |
| Payroll taxes | $29,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,095 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,100 |
| Office expenses | $43,181 |
| Information technology | $106,766 |
| Royalties | $0 |
| Occupancy | $64,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $126,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,242 |
| Insurance | $0 |
| All other expenses | $60,506 |
| Total functional expenses | $1,115,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,808 |
| Savings and temporary cash investments | $28,630,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $334,211 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,695,489 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,129 |
| Net Land, buildings, and equipment | $526,559 |
| Investments—publicly traded securities | $8,434,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $515,260 |
| Total assets | $47,764,837 |
| Accounts payable and accrued expenses | $39,901 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $120,079 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,510,457 |
| Total liabilities | $42,670,437 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $5,094,400 |
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