Sharon & Crescent United Credit Union
Overview
Mission
Our mission is to provide a full range of financial services to the members in our community at competitive rates while emphasizing financial soundness, convenience and efficient-friendly service, while maintaining a challenging, rewarding and enriching environment for all employees.
What it reported doing in 2024
Sharon credit union is a member-owned organization committed to providing superior financial services to its members and the community. At 12/31/2024, the credit union had 18,450 loans outstanding totaling $901,122,913. Also members had 132,034 deposits accounts totaling $1,070,760,989. Additionally members had 1,339 safe deposit boxes.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 042391206
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- Sharon, MA, USA
- Rating confidence
- Limited
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 79
- Accountability: 67
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 6th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: Limited
- Grant itemization coverage: 70.1%; rating input score 70; 14th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 7.2%; rating input score 64; 64th percentile among comparable filings
- Operating reserve ratio: 23.93; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 5.1%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 11.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 15 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $772K · 21 people listed · 4 of 6 pay-setting controls reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 13 annual filings from 2010 to 2024
- Money network: 29 filed money-flow records
- Related organizations: 6 filed related-organization links