Workers Credit Union in Fitchburg, Massachusetts (MA)
Table of contents:
Workers Credit Union | |
Employer Identification Number (EIN) | 042079901 |
Name of Organization | Workers Credit Union |
In Care of Name | Workers Credit Union |
Address | 815 Main St, Fitchburg, MA 01420-3111 |
Activities | Endowment fund or financial services |
Subsection | Credit Union |
Ruling Date | 06/1938 |
Deductibility | Contributions are not deductible |
Foundation | All organizations except 501(c)(3) |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $50,000,000 to greater |
Income | $50,000,000 to greater |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $1,038,005,093 |
Amount of Income | $50,511,421 |
Form 990 Revenue Amount | $50,511,421 |
National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Credit Unions |
Non-representatives - add comments:
Amount of income in 2013: $50,511,421 (it was $49,928,448 in 2012)
This organization: | $50,511,421 |
Other organizations performing similar types of work: | $1,062,274 |
Assets in 2013: $1,038,005,093 (it was $913,270,562 in 2012)
Workers Credit Union: | $1,038,005,093 |
Other organizations performing similar types of work: | $21,351,397 |
Expenses in 2012: $38,381,049
Workers Credit Union: | $38,381,049 |
Other organizations performing similar types of work: | $2,711,411 |
Income to expenses ratio in 2012: 1.3
Workers Credit Union: | 1.3 |
Other organizations performing similar types of work: | 1.1 |
Number of employees in 2012: 245
Workers Credit Union: | 245 |
Other organizations performing similar types of work: | 19 |
Employees paid over $100,000 in 2012: 11.8%
Workers Credit Union: | 11.8% |
Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
Functional expenses for 2012
Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
Did the organization have unrelated business gross income of $1,000 or more during the year? | Yes |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Gross income from members or shareholders | $0 |
Gross income from other sources | $0 |
Statement of Revenue (for 2012) | |
Total revenue | $49,928,448 |
Contributions, Gifts, Grants and Other Similar Amounts | $0 |
Program Service Revenue | $43,324,583 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $4,779,625 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental income | $63,318 |
Gross rents (Real / Personal) | $63,318 / $0 |
Less: rental expenses (Real / Personal) | $0 / $0 |
Rental income or (loss) (Real / Personal) | $63,318 / $0 |
Net gain from sales of assets other than inventory | $1,760,922 |
Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $1,760,922 |
Less: cost or other basis and sales expenses (Securities / Other) | $0 / $0 |
Gain or (loss) (Securities / Other) | $0 / $1,760,922 |
Net income from fundraising events | $0 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $0 |
Statement of Functional Expenses (for 2012) | |
Total functional expenses | $38,381,049 |
Compensation of current officers, directors, trustees, and key employees | $2,521,757 |
Other salaries and wages | $8,341,940 |
Payroll taxes | $879,914 |
Professional fundraising services | $0 |
Other | $26,637,438 |
Balance Sheet (for 2012) | |
Total assets | $913,270,562 |
Total liabilities | $791,518,870 |
Tax-exempt bond liabilities | $0 |
Secured mortgages and notes payable to unrelated third parties | $0 |
Unsecured notes and loans payable to unrelated third parties | $0 |
Other | $791,518,870 |
Total net assets or fund balances | $121,751,692 |
Retained earnings, endowment, accumulated income, or other funds | $113,450,289 |
Reason for Public Charity Status (for 2012) | |
The organization is not a private foundation because it is: | Not provided |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Veridian Credit Union | 1827 Ansborough Ave, Waterloo, IA 50701-3629 | IA | 2007-06 | $257,259,797 |
2 | Iowa Corporate Central Credit Union, Iowa City Branch-American Assoc Of University Wome | 134 Broadmoor Ln, Iowa City, IA 52245 | IA | 2007-06 | $93,475,974 |
3 | Schools Financial Credit Union, Norcal Bowhunters Association | 9144 Cecile Way, Sacramento, CA 95826 | CA | 1961-09 | $80,484,875 |
4 | Workers Credit Union | 815 Main St, Fitchburg, MA 01420-3111 | MA | 1938-06 | $50,511,421 |
5 | San Mateo Credit Union | 350 Convention Way 3rd Floor, Redwood City, CA 94063-1435 | CA | 1961-06 | $36,915,244 |
6 | Weokie Credit Union | PO BOX 26090, Oklahoma City, OK 73126-0090 | OK | 2003-12 | $36,805,080 |
7 | Collins Community Credit Union, Non Non | 305 Trailridge Rd Se, Cedar Rapids, IA 52403 | IA | 2007-06 | $30,907,566 |
8 | East Idaho Credit Union | 865 S Woodruff Ave, Idaho Falls, ID 83401-5296 | ID | 2014-01 | $21,395,075 |
9 | Ascentra Credit Union | PO BOX 1107, Bettendorf, IA 52722-0019 | IA | 2007-06 | $18,373,355 |
10 | Community Choice Credit Union, 0430 Community Choice Credit Union | 8404 Nw 62nd Ave, Johnston, IA 50131-2946 | IA | 2007-06 | $18,104,972 |
11 | Doco Credit Union | 107 N Westover Blvd, Albany, GA 31707-2949 | GA | 2001-11 | $15,332,064 |
12 | Sacramento Credit Union | PO BOX 2351, Sacramento, CA 95812-2351 | CA | 1961-09 | $14,934,147 |
13 | Greater Iowa Credit Union | PO BOX 665, Ames, IA 50010-0665 | IA | 2007-06 | $14,597,738 |
14 | Iowa Corporate Central Credit Union, 0302 Citizens Community Credit Unio | 2012 1st Ave S, Fort Dodge, IA 50501-6704 | IA | 2007-06 | $11,652,317 |
15 | Streator Onized Credit Union | 912 N Shabbona St, Streator, IL 61364-2059 | IL | 2001-07 | $9,112,246 |
16 | Suntide Federal Credit Union | 2141 Tuloso Rd, Corp Christi, TX 78409-2124 | TX | 2013-09 | $8,748,622 |
17 | State Chartered Credit Unions In Florida, 273 Members First Cu Of Florida | 251 W Garden St, Pensacola, FL 32502-5728 | FL | 1970-10 | $8,548,146 |
18 | State Employees Credit Union | 400 Whitehall St Sw, Atlanta, GA 30303-3720 | GA | 2001-11 | $7,762,068 |
19 | Members Exchange Credit Union | 107 Marketridge Dr, Ridgeland, MS 39157-6027 | MS | 2001-04 | $7,761,212 |
20 | Iowa Corporate Central Credit Union, 0225 The Family Credit Union | 1530 W 53rd St, Davenport, IA 52806-2440 | IA | 2007-06 | $6,853,446 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 292 |
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