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)

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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 tax deductible.


Heare 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):


Stephen J Grzywacz (Chairman)
  • Compensation: $4,300
  • Related: $0
  • Other: $0
Elizabeth Hitchcock (Vice Chairman)
  • Compensation: $5,450
  • Related: $0
  • Other: $0
Gina M Balkus (Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
David H Bellman (Director)
  • Compensation: $5,900
  • Related: $0
  • Other: $0
Guy D Chapdelaine (Director)
  • Compensation: $3,500
  • Related: $0
  • Other: $0
Craig S Donais (Director)
  • Compensation: $5,300
  • Related: $0
  • Other: $0
William E Stevens (Director)
  • Compensation: $500
  • Related: $0
  • Other: $0
Daniel J Healy (Director)
  • Compensation: $3,450
  • Related: $0
  • Other: $0
Diane P Fitzpatrick (Director)
  • Compensation: $5,650
  • Related: $0
  • Other: $0
Ronald Covey Jr (Ceo (Thru Dec. 2022))
  • Compensation: $676,913
  • Related: $0
  • Other: $31,861
Kevin Nihill (Cfo & Treasurer)
  • Compensation: $318,984
  • Related: $0
  • Other: $7,246
Janet Raymond (Sales Manager)
  • Compensation: $331,631
  • Related: $0
  • Other: $29,565
Kenneth Senus (Chief Operating Officer)
  • Compensation: $412,785
  • Related: $0
  • Other: $41,372
Pamela Roy (Director Of Human Resources)
  • Compensation: $191,217
  • Related: $0
  • Other: $41,006
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
Kyle Schneck (Director Of Commercial Banking)
  • Compensation: $290,165
  • Related: $0
  • Other: $42,592
Rich Sciaudone (Sales Manager)
  • Compensation: $247,999
  • Related: $0
  • Other: $25,895
John Cleary (Director Of It)
  • Compensation: $252,884
  • Related: $0
  • Other: $25,172


Official website here: www.stmarysbank.com

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

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.

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Impact




October, 2024

St. Mary's Bank Credit Union plays a significant role in the financial landscape of Manchester, NH, impacting its community by offering members essential financial services, including deposits, loans, and a range of related products. As of December 31, 2022, the credit union served 95,813 members, providing them with access to a diverse selection of low-cost and high-quality services tailored to meet their needs.

The credit union's mission focuses on helping members achieve their financial goals through excellent customer service and reliable financial guidance. By fostering financial wellness, St. Mary's Bank empowers individuals and families, contributing to the overall economic health of the community. This commitment to public benefit not only enhances the financial stability of its members but also strengthens the local economy by enabling higher levels of personal financial literacy and improved access to affordable financial resources.




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.


Financials

This financial information is from Propublica.

Revenue
$61,833,410 (2022)
Expenses
$49,715,300 (2022)
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

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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

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