NonprofitsCranston Municipal Employees Credit Union

Public & Societal Benefit

Cranston Municipal Employees Credit Union

CRANSTON, RI

Total revenue

$3.7M

Total expenses

$3.8M

Net assets

$11.8M

Grants received

EIN

050255777

Tax year

2024

Mission

The mission of the cranston municipal employees credit union is to provide opportunity for members to save and borrow for current and future needs at a financially strong, member owned cooperative responsive to their expanding financial service needs. The credit union seeks to provide outstanding service at fair and favorable rates and terms.

Programs

1 program

During 2024, the credit union issued 423 new loans totaling 8,562,903. Total interest income on loans issued to members was 2,840,168.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$3.0M
Investment income$502K
Other revenue$207K
Total revenue$3.7M

Expenses

Grants paid
Salaries & benefits$1.2M
Fundraising
Other expenses$2.7M
Total expenses$3.8M
Total assets$80.6M
Net assets$11.8M

People

19 listed

NameRoleCompensation

STEPHEN P HOGAN

CHAIRPERSON

Board

$8K

5 hrs/wk

GAIL TOPAKIAN

CREDIT COMMI

Board

$7K

5 hrs/wk

JOHN R ZOLLI JR

SECRETARY

Board

$5K

2 hrs/wk

ANTHONY J VECCHIO

CREDIT COMMI

Board

$5K

5 hrs/wk

JOSEPH DILORENZO

SUPERVISORY

Board

$5K

3 hrs/wk

JOSEPH A BALDUCCI

VICE-CHAIRPE

Board

$5K

2 hrs/wk

MARIA K MANZI

ASSISTANT TR

Board

$4K

2 hrs/wk

MICHAEL J IGOE

SUPERVISORY

Board

$3K

3 hrs/wk

BETTE ANN BERK

BOARD MEMBER

Board

$2K

1 hrs/wk

ROBERT F STROM

SUPERVISORY

Board

$2K

3 hrs/wk

DONALD SALVATORE JR

BOARD MEMBER

Board

$2K

1 hrs/wk

JASON ANDOSCIA

BOARD MEMBER

Board

$2K

1 hrs/wk

PETER J LECLERC

BOARD MEMBER

Board

$2K

1 hrs/wk

THOMAS M MILEWSKI

BOARD MEMBER

Board

$2K

1 hrs/wk

PATRICIA CRUZ

BOARD MEMBER

Board

$2K

1 hrs/wk

JOSEPH MORRIS

BOARD MEMBER

Board

$2K

1 hrs/wk

RICHARD DEGRANDPRE

BOARD MEMBER

Board

$1K

1 hrs/wk

TIMOTHY J DYL

PRESIDENT/CE

Board

40 hrs/wk

BRIAN W DUCHARME

FORMER PRES/

Staff

$192K

40 hrs/wk

Independent contractors

NES GROUP

CONSTRUCTION

$1.4M

FISERV

DATA PROCESSING

$234K

Details

EIN050255777
NTEE codeW61Z
Subsection14
Ruling date1988-05
Formed1946
Employees16
CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION — Mission, Financials & Grants Received | Grantivo