St Mary's Bank Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020187390 ✦ Manchester, NH ✦ Designated as a 501(c)(14)

Overview

What is St Mary's Bank Credit Union?

St. Mary's Bank Credit Union is a thriving financial institution with over 95,000 members as of December 2022. Based in Manchester, New Hampshire (PO Box 990), this credit union offers a range of low-cost, high-quality financial services to its members. Their mission goes beyond mere transactions; they aim to help members achieve their financial goals by providing top-tier service and expert advice. With a dedicated workforce of 352 employees, St. Mary's Bank Credit Union offers deposits, loans, and various related financial services, ensuring its members have access to the best financial solutions.


Official website here: www.stmarysbank.com

Is St Mary's Bank Credit Union legitimate?

St Mary's Bank Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. St Mary's Bank Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,119,630
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,750,339

For more financial information, click here


Official website here: www.stmarysbank.com

What is the mission statement of St Mary's Bank Credit Union?

St. Mary's Bank Credit Union is dedicated to helping its members attain their financial objectives. With a focus on delivering exceptional market-leading service, the credit union offers trusted financial guidance to its members. The institution serves over 95,000 members as of December 31, 2022, providing them access to an extensive range of cost-effective and high-quality financial services. These services encompass deposits, loans, and various other financial solutions designed to help members manage their finances effectively. The mission of St. Mary's Bank Credit Union is to empower its members to reach their financial aspirations.


Official website here: www.stmarysbank.com

Who is the CEO of St Mary's Bank Credit Union?

Kenneth Senus is the Chief Operating Officer of St Mary's Bank Credit Union. The CEO's salary of St Mary's Bank Credit Union is $676,913 and their total compensation is $708,774.


Official website here: www.stmarysbank.com

What is the revenue of St Mary's Bank Credit Union?

St Mary's Bank Credit Union's revenue in 2022 was $61,833,410.


Official website here: www.stmarysbank.com

Who are the executives of St Mary's Bank Credit Union and what are their salaries?

The average compensation at St Mary's Bank Credit Union during 2022 was $59,290. There are 352 employees and 11 volunteers at St Mary's Bank Credit Union.

Here are 19 key members and their salaries (St Mary's Bank Credit Union's CEO's salary is $676,913 and their total compensation is $708,774):

    Ronald Covey Jr (Ceo (Thru Dec. 2022))
  • Compensation: $676,913
  • Related: $0
  • Other: $31,861

    • Kenneth Senus (Chief Operating Officer)
  • Compensation: $412,785
  • Related: $0
  • Other: $41,372

    • Janet Raymond (Sales Manager)
  • Compensation: $331,631
  • Related: $0
  • Other: $29,565

    • Kyle Schneck (Director Of Commercial Banking)
  • Compensation: $290,165
  • Related: $0
  • Other: $42,592

    • Kevin Nihill (Cfo & Treasurer)
  • Compensation: $318,984
  • Related: $0
  • Other: $7,246

    • John Cleary (Director Of It)
  • Compensation: $252,884
  • Related: $0
  • Other: $25,172

    • Rich Sciaudone (Sales Manager)
  • Compensation: $247,999
  • Related: $0
  • Other: $25,895

    • Judy Leclerc (Sr. Residential Loan Officer)
  • Compensation: $237,834
  • Related: $0
  • Other: $27,058

    • Richard Haney (Sr. Residential Loan Officer)
  • Compensation: $222,045
  • Related: $0
  • Other: $41,088

    • Pamela Roy (Director Of Human Resources)
  • Compensation: $191,217
  • Related: $0
  • Other: $41,006

    • David H Bellman (Director)
  • Compensation: $5,900
  • Related: $0
  • Other: $0

    • Diane P Fitzpatrick (Director)
  • Compensation: $5,650
  • Related: $0
  • Other: $0

    • Elizabeth Hitchcock (Vice Chairman) [Trustee/Director]
  • Compensation: $5,450
  • Related: $0
  • Other: $0

    • Craig S Donais (Director)
  • Compensation: $5,300
  • Related: $0
  • Other: $0

    • Stephen J Grzywacz (Chairman) [Trustee/Director]
  • Compensation: $4,300
  • Related: $0
  • Other: $0

    • Guy D Chapdelaine (Director)
  • Compensation: $3,500
  • Related: $0
  • Other: $0

    • Daniel J Healy (Director)
  • Compensation: $3,450
  • Related: $0
  • Other: $0

    • Gina M Balkus (Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0

    • William E Stevens (Director)
  • Compensation: $500
  • Related: $0
  • Other: $0


  • Official website here: www.stmarysbank.com

    Where can I find the form 990 for St Mary's Bank Credit Union?

    The St Mary's Bank Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.stmarysbank.com

    Learn more at the official website: www.stmarysbank.com

    Mission Statement of St Mary's Bank Credit Union

    St. Mary's Bank Credit Union is dedicated to helping its members accomplish their financial objectives. With a mission to deliver superior market service and sound financial guidance, this credit union aims to make a significant impact on its members' lives.

    Boasting a membership base of over 95,000 individuals as of December 31, 2022, St. Mary's Bank Credit Union offers an extensive range of low-cost and high-quality financial services. These services cater to various aspects of its members' financial needs, ensuring they have the necessary tools to manage their finances effectively.

    The credit union prides itself on its commitment to providing trusted financial advice, enabling members to make informed decisions and reach their goals. By focusing on delivering the best services in the market, St. Mary's Bank Credit Union sets itself apart, fostering trust and confidence among its members.

    Impact

    This information is meant to be a general summary of St Mary's Bank Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    St. Mary's Bank Credit Union has a significant impact on the community by providing its 95,813 members in Manchester, NH, with a wide range of financial services, including deposits, loans, and other related services. Through its mission to help members achieve their financial goals by offering best-in-market service and trusted financial advice, the credit union plays a crucial role in promoting financial well-being and stability for its members. Additionally, by operating as a public benefit organization, St. Mary's Bank Credit Union demonstrates its commitment to serving the community and contributing to its economic growth and development.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,275,766
  • Program Service Revenue: $57,250,549
  • Gross Receipts: $88,037,796

    • Assets and Liabilities:
  • Total Assets: $1,463,740,396
  • Total Liabilities: $1,350,944,492
  • Net Assets: $112,795,904
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INCOME FROM MEMBERS

    Revenue

    $43,601,256

    SERVICE CHARGES

    Revenue

    $10,328,272

    OTHER OPERATING INCOME

    Revenue

    $3,321,021

    Organization Details

    Founding Year

    1908

    Principal Officer

    Kenneth Senus

    Main Address

    PO BOX 990, MANCHESTER, NH, 03105

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of St Mary's Bank Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.