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)

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 not tax deductible.

Here 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):

    Larissa Thurston (Ceo)
  • Compensation: $480,834
  • Related: $0
  • Other: $33,638

    • James Petkewich (Evp & Coo)
  • Compensation: $257,887
  • Related: $0
  • Other: $43,366

    • John Hendriske (Svp Consumer Lending)
  • Compensation: $217,955
  • Related: $0
  • Other: $36,345

    • Sarah Day (Svp Commercial Loan Office)
  • Compensation: $215,651
  • Related: $0
  • Other: $33,305

    • Christopher Mancini (Svp It & Cto)
  • Compensation: $213,697
  • Related: $0
  • Other: $20,020

    • Lisa Kornachuk (Cmo, Svp Marketing)
  • Compensation: $177,885
  • Related: $0
  • Other: $18,051

    • Armand Fernandez (Svp Small Business Lending)
  • Compensation: $153,291
  • Related: $0
  • Other: $33,578

    • Christine Monteiro (Svp Retail Services)
  • Compensation: $152,592
  • Related: $0
  • Other: $32,255

    • Sherrie Leboeuf (Svp Human Resources)
  • Compensation: $148,968
  • Related: $0
  • Other: $33,943

    • Melissa Eagles (Vp Real Estate Lending)
  • Compensation: $146,304
  • Related: $0
  • Other: $32,781

    • Stephen Shambo (Avp It)
  • Compensation: $128,859
  • Related: $0
  • Other: $31,381

    • Eileen Potter (Vp Controller)
  • Compensation: $128,112
  • Related: $0
  • Other: $31,437

    • Cindy Clark (Vp Compliance)
  • Compensation: $119,348
  • Related: $0
  • Other: $30,499

    • Lisa Duquette (Vp Deposit Operations/Eser)
  • Compensation: $116,560
  • Related: $0
  • Other: $30,408

    • Heidi Pierce (Vp Member Solutions)
  • Compensation: $110,390
  • Related: $0
  • Other: $29,774

    • Frank Borawski Jr (Cfo)
  • Compensation: $127,334
  • Related: $0
  • Other: $9,808

    • Giuseppe Veglia (Avp Collections)
  • Compensation: $105,173
  • Related: $0
  • Other: $29,047

    • Talia Bazeigian (Vp Loan Servicing)
  • Compensation: $102,799
  • Related: $0
  • Other: $29,062

    • Maria Mendoza (Mortgage Loan Originator)
  • Compensation: $102,605
  • Related: $0
  • Other: $28,879

    • Sarah Bolte (Cfo)
  • Compensation: $126,138
  • Related: $0
  • Other: $626

    • James Garvey (Director)
  • Compensation: $81,829
  • Related: $0
  • Other: $0

    • Gerard P Richer (Chairman Director)
  • Compensation: $6,797
  • Related: $0
  • Other: $0

    • Brian Bouvier (Director)
  • Compensation: $6,797
  • Related: $0
  • Other: $0

    • Karen Gadbois (Director)
  • Compensation: $6,293
  • 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

    • Thomas H Wellen (Director)
  • Compensation: $4,215
  • Related: $0
  • Other: $0

    • Philippe Bouvier (Director)
  • Compensation: $2,412
  • Related: $0
  • Other: $0

    • David Brumby (Director)
  • Compensation: $1,995
  • Related: $0
  • Other: $0

    • Joseph Bane (Director)
  • Compensation: $1,667
  • Related: $0
  • Other: $0

    • James F Toohey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard P Valarioti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin M Mallett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.stmaryscu.org

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    St Mary's Credit Union Inc's impact lies in its commitment to providing superior financial products and services to its members. As a cooperative owned by its members, the credit union is dedicated to serving its community through loan and deposit products. By offering favorable pricing and maintaining a strong financial condition, St Mary's Credit Union Inc contributes to the economic well-being of its members and the overall financial health of the community in Marlborough, MA. Through its attentive, convenient, and cost-effective delivery channels, the credit union plays a vital role in empowering individuals and supporting financial stability.





    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: $4,267,994
  • 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
  • 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

    If you are a representative of St Mary's Credit Union Inc 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.