St Mary's Credit Union Inc

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

EIN: 041802000 ✦ Marlborough, MA ✦ Designated as a 501(c)(14)

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Overview

What is St Mary's Credit Union Inc?

St. Mary's Credit Union Inc, located in Marlborough, Massachusetts, is a cooperative owned by its members. With a commitment to serving its community, the credit union offers loans and deposit and share products. Their mission is to provide members with superior financial products and services, delivering these offerings through efficient, cost-effective channels. The credit union prides itself on maintaining a strong and secure financial condition while catering to the financial needs of its owners. With a team of 162 dedicated employees, St. Mary's Credit Union Inc continues to serve its members effectively.


Official website here: www.stmaryscu.org

Is St Mary's Credit Union Inc legitimate?

St Mary's Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. St Mary's Credit Union Inc 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: $4,023,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,886,255

For more financial information, click here


Official website here: www.stmaryscu.org

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

St. Mary's Credit Union Inc is committed to offering its members superior financial products and services. The credit union strives to deliver these offerings with favorable pricing, ensuring convenience and cost-effectiveness through efficient channels. Maintaining a strong and safe financial condition is a top priority. As a cooperative owned by its members, St. Mary's Credit Union is dedicated to serving its community by providing loans, deposit and share products, and ensuring the financial wellbeing of its members.


Official website here: www.stmaryscu.org

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

Sarah Bolte is the Director of St Mary's Credit Union Inc. The CEO's salary of St Mary's Credit Union Inc is $480,834 and their total compensation is $514,472.


Official website here: www.stmaryscu.org

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

St Mary's Credit Union Inc's revenue in 2022 was $32,310,700.


Official website here: www.stmaryscu.org

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

The average compensation at St Mary's Credit Union Inc during 2022 was $61,173. There are 162 employees at St Mary's Credit Union Inc.


Here are 33 key members and their salaries (St Mary's Credit Union Inc's CEO's salary is $480,834 and their total compensation is $514,472):


Thomas H Wellen (Director)
  • Compensation: $4,215
  • Related: $0
  • Other: $0
Gerard P Richer (Chairman Director)
  • Compensation: $6,797
  • Related: $0
  • Other: $0
James F Toohey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philippe Bouvier (Director)
  • Compensation: $2,412
  • Related: $0
  • Other: $0
Richard P Valarioti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Gadbois (Director)
  • Compensation: $6,293
  • Related: $0
  • Other: $0
David Brumby (Director)
  • Compensation: $1,995
  • Related: $0
  • Other: $0
Joseph Bane (Director)
  • Compensation: $1,667
  • Related: $0
  • Other: $0
Kevin M Mallett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Farrell (Director)
  • Compensation: $5,812
  • Related: $0
  • Other: $0
Thomas F Seymour (Director)
  • Compensation: $5,317
  • Related: $0
  • Other: $0
James Garvey (Director)
  • Compensation: $81,829
  • Related: $0
  • Other: $0
Brian Bouvier (Director)
  • Compensation: $6,797
  • Related: $0
  • Other: $0
James Petkewich (Evp & Coo)
  • Compensation: $257,887
  • Related: $0
  • Other: $43,366
Armand Fernandez (Svp Small Business Lending)
  • Compensation: $153,291
  • Related: $0
  • Other: $33,578
Christopher Mancini (Svp It & Cto)
  • Compensation: $213,697
  • Related: $0
  • Other: $20,020
Larissa Thurston (Ceo)
  • Compensation: $480,834
  • Related: $0
  • Other: $33,638
Melissa Eagles (Vp Real Estate Lending)
  • Compensation: $146,304
  • Related: $0
  • Other: $32,781
John Hendriske (Svp Consumer Lending)
  • Compensation: $217,955
  • Related: $0
  • Other: $36,345
Sherrie Leboeuf (Svp Human Resources)
  • Compensation: $148,968
  • Related: $0
  • Other: $33,943
Sarah Day (Svp Commercial Loan Office)
  • Compensation: $215,651
  • Related: $0
  • Other: $33,305
Christine Monteiro (Svp Retail Services)
  • Compensation: $152,592
  • Related: $0
  • Other: $32,255
Talia Bazeigian (Vp Loan Servicing)
  • Compensation: $102,799
  • Related: $0
  • Other: $29,062
Lisa Duquette (Vp Deposit Operations/Eser)
  • Compensation: $116,560
  • Related: $0
  • Other: $30,408
Cindy Clark (Vp Compliance)
  • Compensation: $119,348
  • Related: $0
  • Other: $30,499
Heidi Pierce (Vp Member Solutions)
  • Compensation: $110,390
  • Related: $0
  • Other: $29,774
Eileen Potter (Vp Controller)
  • Compensation: $128,112
  • Related: $0
  • Other: $31,437
Lisa Kornachuk (Cmo, Svp Marketing)
  • Compensation: $177,885
  • Related: $0
  • Other: $18,051
Frank Borawski Jr (Cfo)
  • Compensation: $127,334
  • Related: $0
  • Other: $9,808
Sarah Bolte (Cfo)
  • Compensation: $126,138
  • Related: $0
  • Other: $626
Stephen Shambo (Avp It)
  • Compensation: $128,859
  • Related: $0
  • Other: $31,381
Maria Mendoza (Mortgage Loan Originator)
  • Compensation: $102,605
  • Related: $0
  • Other: $28,879
Giuseppe Veglia (Avp Collections)
  • Compensation: $105,173
  • Related: $0
  • Other: $29,047


Official website here: www.stmaryscu.org

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

St Mary's Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.stmaryscu.org

Learn more at the official website: www.stmaryscu.org

Mission Statement of St Mary's Credit Union Inc

St. Mary's Credit Union Inc is a member-owned cooperative committed to delivering superior financial products and services to its members. The mission of this credit union goes beyond just offering financial services; it strives to provide these offerings with favorable pricing, efficient and convenient delivery channels, and a strong and safe financial condition.

In practice, St. Mary's Credit Union takes pride in catering to its members' needs with a wide range of loan and deposit & shares solutions. The credit union is dedicated to maintaining a member-focused approach, ensuring the products and services it offers remain attuned to the evolving financial requirements of its clientele. By prioritizing the interests of its members, St. Mary's Credit Union fosters trust and loyalty, solidifying its place as a trusted financial partner.

Through its commitment to superior financial products and services, St. Mary's Credit Union aims to empower its members to make informed decisions regarding their financial wellbeing. The credit union's focus on favorable pricing, efficient delivery channels, and maintaining a strong financial position ensures that its members can confidently rely on it for their financial needs. This member-centric approach, coupled with the credit union's unwavering financial stability, sets St. Mary's Credit Union apart as a trusted financial institution committed to the success of its members.

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Impact




October, 2024

St Mary's Credit Union Inc significantly enhances the financial well-being of its members in Marlborough, MA, by offering a range of superior financial products and services. As a member-owned cooperative, it prioritizes the needs of its community, delivering favorable pricing on loans, deposits, and shares. By focusing on attentive and convenient service delivery, St Mary's Credit Union cultivates strong relationships with its members, ensuring a personalized banking experience. The commitment to maintaining a strong and safe financial condition further instills confidence among its members, allowing them to invest in their futures while supporting community financial stability. Overall, its impact resonates through improved access to financial resources and enhanced economic opportunity for its members.




This information is meant to be a general summary of St Mary's Credit Union Inc. 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
$32,310,700 (2022)
Expenses
$27,139,233 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,267,994
  • Program Service Revenue: $27,206,168
  • Gross Receipts: $33,678,722

Assets and Liabilities:

  • Total Assets: $985,400,554
  • Total Liabilities: $917,889,261
  • Net Assets: $67,511,293

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Programs

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

INTEREST INCOME

Revenue

$23,756,785

MEMBER SERVICE FEES

Revenue

$3,449,383

Organization Details

Founding Year

1913

Principal Officer

Sarah Bolte

Main Address

PO BOX 729, MARLBOROUGH, MA, 01752

NTEE Category

Code: W60 - Public benefit

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