GREATER SPRINGFIELD CREDIT UNION

EIN: 041859290

SPRINGFIELD, MA

Total Revenue
$10,833,946
Total Expenses
$7,794,737
Total Assets
$226,705,849
Net Assets
$40,519,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
MA
Principal Officer
JENNIFER ST PETER
Phone
4137823161
Tax Period
2025-01-01 to 2025-12-31

GREATER SPRINGFIELD CREDIT UNION, founded in 1927, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.0M, a strong 28% operating margin.

Mission

TO PROVIDE SERVICES FOR ITS MEMBERS IN WHICH THEY CAN CONDUCT THEIR FINANCIAL BUSINESS AND TO OFFER FAIR RATES FOR SAVINGS, LOANS AND OTHER SERVICES AS THEY BECOME AVAILABLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,017,873
Investment Income $3,795,116
Other Revenue $20,957
TOTAL REVENUE $10,833,946

Expense Breakdown

Grants Paid $19,661
Salaries & Benefits $2,561,698
Fundraising Expenses $0
Other Expenses $5,213,378
TOTAL EXPENSES $7,794,737

Year-over-Year Comparison

2025 2024 Change
Revenue $10,833,946 $9,614,722 +0.1%
Expenses $7,794,737 $7,155,310 +0.1%
Net Income $3,039,209 $2,459,412 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
41
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$402,909
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WELLS CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARK KENNEY TREASURER 1.00
Director
$0 $0 $0
NICK MANOLAKIS DIRECTOR 1.00
Director
$0 $0 $0
CHERYL CLAPPROOD SECRETARY 1.00
Director
$0 $0 $0
THOMAS GARDINER VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
TIMOTHY P MORROW DIRECTOR 1.00
Director
$0 $0 $0
ORETTE HO SANG DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER ST PETER CEO 40.00
Officer
$238,089 $23,203 $261,292
JENNIFER GALLANT CFO 40.00
Officer
$141,617 $0 $141,617
AUBREY CARPE VP LENDING 40.00
Highest
$127,945 $0 $127,945
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $10,833,946 $7,794,737 $226,705,849 $3,039,209
2024 $9,614,722 $7,155,310 $233,310,109 $2,459,412
2023 $8,065,826 $5,553,694 $232,247,256 $2,512,132
2022 $6,756,923 $4,436,311 $247,239,099 $2,320,612
2021 $6,141,527 $4,285,356 $256,133,035 $1,856,171
2020 $6,721,495 $4,365,447 $221,372,665 $2,356,048
2019 $6,540,991 $3,890,948 $180,047,432 $2,650,043
2018 $6,070,353 $3,267,137 $163,833,095 $2,803,216
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