Sharon & Crescent United Credit Union

Nonprofit profile at a glance

EIN
042391206
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Brockton, MA, USA
Phone
7817847725
Rating confidence
Limited

Official website

Reported finances

Revenue
$64,589,422
Expenses
$55,248,140
Assets
$1,398,577,334
Liabilities
$1,224,093,063

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • GLENN PARSONS (PRESIDENT & CEO)

Highest reported compensation

  • GLENN PARSONS (PRESIDENT & CEO): $864,880 total reported compensation
  • JEREMY PARKER (CFO & TREASURER): $336,006 total reported compensation
  • KEVIN BROWER (CHIEF COMMERCIAL & CONSUMER OFFICER): $332,910 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

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 2025

Sharon & crescent united credit union is a member-owned organization committed to providing superior financial services to its members and the community. At 12/31/2025, the credit union had 17,668 loans outstanding totaling $947,975,930. Also members had 129,066 deposit accounts totaling $1,065,563,088. Additionally members had 1,298 safe deposit boxes.

Operating model

Revenue model
Earned-program. 77% 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.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 78
  • Accountability: 67
  • Sustainability: 69
  • Growth: 60

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; 5th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 83.9%; rating input score 84; 25th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 10th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 14.5%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 25.31; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 11.4% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 66th 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 $865K · 22 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.5M reported
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 29 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.