2025-11-14T13:49:53-05:00 2024-12-31 264156406 WADOVICK & COMPANY 1300 DIVISION RD STE 104 WEST WARWICK RI 02893 990 2024-01-01 050255777 CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION CRAN 4014633010 1615 PONTIAC AVENUE CRANSTON RI 02920 TIMOTHY J DYL PRESIDENT/CEO 4014633010 2025-11-14 true false ROBERT C SALMANI CPA P01881819 4018234004 2025-11-14 2024 2025-03-06 01:10:19Z CME CREDIT UNION TIMOTHY J DYL 1615 PONTIAC AVENUE CRANSTON RI 02920 3699290 false X WWW.CMECREDITUNION.ORG X 1946 RI 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. 13 12 16 0 0 2343943 2989689 891551 502172 220 207429 3235714 3699290 0 0 1058366 1172161 0 0 1949512 2673943 3007878 3846104 227836 -146814 83595085 80578999 71560715 68733016 12034370 11845983 X 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. false false INTEREST WAS PAID TO MEMBERS WITH SAVINGS ACCOUNTS AND CERTIFICATES OF DEPOSIT DURING 2024 WHICH TOTALED 1,025,650. 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. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false 931 0 true 16 true false false false false false false false false X 13 12 false false false false false false false true true false false false true false true true true true false false X X CRANSTON MUNCIPAL EMPLOYEES CREDIT UNION 4014633010 1615 PONTIAC AVENUE CRANSTON RI 02920 STEPHEN P HOGAN CHAIRPERSON 5.00 X X 7580 0 0 JOSEPH A BALDUCCI VICE-CHAIRPE 2.00 X X 4580 0 0 BRIAN W DUCHARME FORMER PRES/ 40.00 X 192178 0 21458 MARIA K MANZI ASSISTANT TR 2.00 X X 4380 0 0 JOHN R ZOLLI JR SECRETARY 2.00 X X 5380 0 0 BETTE ANN BERK BOARD MEMBER 1.00 X 2480 0 0 THOMAS M MILEWSKI BOARD MEMBER 1.00 X 1920 0 0 RICHARD DEGRANDPRE BOARD MEMBER 1.00 X 1080 0 0 PETER J LECLERC BOARD MEMBER 1.00 X 2040 0 0 DONALD SALVATORE JR BOARD MEMBER 1.00 X 2280 0 0 JOSEPH MORRIS BOARD MEMBER 1.00 X 1680 0 0 JASON ANDOSCIA BOARD MEMBER 1.00 X 2280 0 0 PATRICIA CRUZ BOARD MEMBER 1.00 X 1920 0 0 GAIL TOPAKIAN CREDIT COMMI 5.00 X 7460 0 0 ANTHONY J VECCHIO CREDIT COMMI 5.00 X 5250 0 0 TIMOTHY J DYL PRESIDENT/CE 40.00 X X 0 0 0 JOSEPH DILORENZO SUPERVISORY 3.00 X 5140 0 0 MICHAEL J IGOE SUPERVISORY 3.00 X 3200 0 0 ROBERT F STROM SUPERVISORY 3.00 X 2420 0 0 253248 21458 1 true true false NES GROUP 905 SOUTH MAIN ST MANSFIELD MA 02048 CONSTRUCTION 1373185 FISERV PO BOX 934057 ATLANTA GA 31193 DATA PROCESSING 233871 2 INTEREST ON LOANS 522291 2840168 2840168 MEMBER SERVICE FEES 525990 149521 149521 2989689 502172 502172 EMPLOYEE RETENTION CREDIT 207429 207429 207429 3699290 3699290 37600 192178 667965 31185 120355 122878 1153 51143 150 6136 62985 27568 28755 58079 340 29264 1636146 37161 16908 CREDIT UNION SERVICES 288421 EQUITY LOAN EXPENSE 118092 OUTSIDE SUPERVISORY SERVI 70824 BANK SERVICE CHARGES 35213 205605 3846104 0 0 0 442668 433695 1293965 4632999 55325465 51995589 468950 386094 3835532 916321 1414742 2919211 22985101 18795774 1497466 1235067 166728 180570 83595085 80578999 239323 384170 12500000 8050000 58821392 60298846 71560715 68733016 X 12034370 11845983 12034370 11845983 83595085 80578999 -146814 -41573 X false true X true 2767897 2767897 578759 595271 -16512 488876 321050 167826 2919211 SHARE CERTIFICATES 22354418 SHARES 17681546 MONEY MARKET SAVINGS 11320326 SHARE DRAFTS 5362180 NON-MEMBER CD 3439000 VACATION CLUB 99376 CHRISTMAS CLUB 37000 ALLOWANCE FOR UNFUNDED LOC 5000 60298846 3699290 3699290 3699290 3846104 3846104 3846104 false false false BRIAN W DUCHARME FORMER PRES/CEO 192178 10896 10562 213636 FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION ENCOURAGES VOLUNTARY DISCLOSURE BY EXISTING MEMBERS OF THE GOVERNING BODY. THE ORGANIZATION IS PREPARED TO ACT IN THE EVENT A CONFLICT OF INTEREST BECAME KNOWN. FORM 990, PAGE 6, PART VI, LINE 15A MANAGEMENT PAY IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. MANAGMEENT IS REVIEWED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.