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Cooperative Credit Union Association INC

Trade
Trade Association · MARLBOROUGH, MA · EIN 04-3403594

About

The association actively supports and encourages credit unions in their community outreach efforts. In support of those efforts, the association maintains a committee on social responsibility. The purpose of that committee is to develop a unified plan of social responsibility for the association through recommendations to the board of directors. That plan features programs and events that focus statewide efforts on affordable housing, financial literacy and designated charitable and community activities that enhance the positive image of credit unions as well as the public's overall awareness of them.to capture the essence of the goodwill and outreach that massachusetts credit unions have been engaged in over the years, the association in 2006 launched the credit union community hope initiative.

Category
Trade Association
Employees
50
Volunteers
0

Financial Snapshot

FY ending 2024-12-31
Revenue
$5.9M
Expenses
$5.6M
Assets
$11.7M
Liabilities
$3.7M

Financial history

$8.0M$4.0M$0
161718192021222324
RevenueExpenses
Latest FY2024: $5.9M · Peak FY2016: $8.0M · Avg: $6.7M
COOPERATIVE CREDIT UNION ASSOCIATION INC
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Address

845 Donald Lynch BLVD
Marlborough, MA, 01752-470

Governance

Voting board members12
Independent members11
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Public records
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