Bellwether Community Credit Union
- Assets
- $594.3m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 112
- Location
- Manchester, NH
- Founding
- 05/1980
- Data as of
- 12/2022
- EIN
- 02-0196520
Organization Overview
Bellwether Community Credit Union is located in Manchester, NH. The organization was established in 1980. 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 12/2022, Bellwether Community Credit Union employed 112 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bellwether Community 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 12/2022, Bellwether Community Credit Union generated $22.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $20.4m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A STATE CHARTERED CREDIT UNION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES RELATE TO DAILY OPERATIONS OF A LOCALLY CONTROLLED, FULL-SERVICE CREDIT UNION. WE MAKE LOANS, ACCEPT DEPOSIT ACCOUNTS, AND CONTINUALLY AND EFFICIENTLY PROVIDE OTHER RELEVANT FINANCIAL SERVICES TO A MEMBER BASE OF APPROXIMATELY 27,500 INDIVIDUALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Wall Chair | OfficerTrustee | 1 | $0 |
Gail Garceau Vice Chair | OfficerTrustee | 1 | $0 |
Kate Luczko Secretary | OfficerTrustee | 1 | $0 |
John J Gennetti Director | Trustee | 1 | $0 |
Eva L Martel Director | Trustee | 1 | $0 |
Patrick C Mchugh Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Q2 Software Inc Online Banking | 12/30/22 | $545,771 |
Pscu Credit Card Services | 12/30/22 | $858,219 |
Upstart Networking Personal Loans | 12/30/22 | $536,652 |
Financial Statement Services Statement Printing/mailing | 12/30/22 | $190,849 |
Information Management Solutions Inc Backup/disaster Recovery | 12/30/22 | $168,278 |
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 | $19,714,797 |
| Investment income | $2,518,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $378,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,612,270 |
| 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 | $2,201,644 |
| Compensation of current officers, directors, key employees. | $1,303,042 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,627,850 |
| Pension plan accruals and contributions | $743,916 |
| Other employee benefits | $876,777 |
| Payroll taxes | $450,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,330 |
| Fees for services: Accounting | $195,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $363,765 |
| Advertising and promotion | $691,587 |
| Office expenses | $72,311 |
| Information technology | $1,501,341 |
| Royalties | $0 |
| Occupancy | $591,735 |
| Travel | $30,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,967 |
| Interest | $1,299,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $861,507 |
| Insurance | $93,453 |
| All other expenses | $0 |
| Total functional expenses | $20,357,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,695,247 |
| Savings and temporary cash investments | $15,194,545 |
| 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 | $429,407,153 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,910,291 |
| Investments—publicly traded securities | $113,288,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,772,989 |
| Total assets | $594,268,573 |
| Accounts payable and accrued expenses | $5,821,967 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $66,999,687 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $474,608,712 |
| Total liabilities | $547,430,366 |
| 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 | $46,838,207 |
| Total liabilities and net assets/fund balances | $594,268,573 |