Cooperative Credit Union Association Inc

Organization Overview

Cooperative Credit Union Association Inc is located in Marlborough, MA. The organization was established in 2001. 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, Cooperative Credit Union Association Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Credit Union Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Cooperative Credit Union Association Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. 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

TO PROVIDE MEMBERS WITH SERVICES ON A LOCAL AND NATIONAL LEVEL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SERVICES TO MEMBERS ON A LOCAL AND NATIONAL LEVEL.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $773
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$773
Total Program Service Revenue$2,750,262
Investment income $67,253
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,504
Net Gain/Loss on Asset Sales $125,626
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,571,085

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Cooperative Credit Union Association Inc has recieved totaling $21,895.

Awarding OrganizationAmount
Harvard University Employees Credit Union

Cambridge, MA

PURPOSE: DONATION

$8,800
St Annes Credit Union Of Fall River Mass

Fall River, MA

PURPOSE: CHARITABLE CONTRIBUTIONS

$7,095
Navigant Credit Union

Smithfield, RI

PURPOSE: CHARITABLE CONTRIBUTIONS

$6,000
View Grant Recipient Profile

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