Overview

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Est.

1961

Fiscal Year Start

Oct 1

Organization Type

Grantseeker

AI Summary

MASS CREDIT UNION SHARE INSURANCE CORP, with EIN 04-2296410, is a nonprofit organization dedicated to strengthening the credit union movement by providing excess share and deposit insurance, along with associated services for credit unions and their members. Operating with a budget of $7.6 million and generating total revenue of $6.8 million in the 2024 filing year, the organization plays a crucial role in the insurance sector. For more information, visit their website at www.msic.org.

Mission Statement

TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROVIDING EXCESS SHARE & DEPOSIT INSURANCE AND ASSOCIATED SERVICES FOR CREDIT UNIONS AND THEIR MEMBERS.
Revenues
$6.8M
Expenses
$7.6M
Net Income:
-$791.5K
Assets
$97.4M
Liabilities
$37.1M
Net Assets:
+$60.3M
Operating Budget
$7.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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M
Michael C Hanson
Board Member
J
John Ciampa
Board Member
T
Theresa Dorilas
Board Member

Frequently Asked Questions

What is MASS CREDIT UNION SHARE INSURANCE CORP’s budget?
In 2024, MASS CREDIT UNION SHARE INSURANCE CORP reported an annual operating budget of around $7.6 million. More detailed financial information is available to registered users.
What causes does MASS CREDIT UNION SHARE INSURANCE CORP support?
MASS CREDIT UNION SHARE INSURANCE CORP supports work in Insurance.
Where does MASS CREDIT UNION SHARE INSURANCE CORP operate?
MASS CREDIT UNION SHARE INSURANCE CORP is headquartered in Newton, MA.