nonprofit logo

Liberty Bay Credit Union

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

EIN: 041896000 ✦ Braintree, MA ✦ Designated as a 501(c)(14)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Liberty Bay Credit Union?

Liberty Bay Credit Union, located at 300 Granite Street in Braintree, Massachusetts (02184), is a credit union committed to acting as a responsible and relevant financial partner for its members, employees, and the communities it serves. With a team of 92 dedicated individuals, its mission is to offer an array of financial services.


Official website here: www.libertybaycu.org

Is Liberty Bay Credit Union legitimate?

Liberty Bay Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Liberty Bay 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: $3,907,036
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,828,263

For more financial information, click here


Official website here: www.libertybaycu.org

What is the mission statement of Liberty Bay Credit Union?

Liberty Bay Credit Union is committed to serving as a reliable financial partner to its members and employees. The credit union's mission is geared towards being responsible and relevant in its financial dealings. It aims to build strong relationships with the communities it serves, going beyond just offering financial services. The credit union's dedication extends beyond its members, reaching out to the communities it is a part of, fostering financial stability and growth. It strives to make a positive impact on people's lives by providing them with the financial tools they need to thrive.


Official website here: www.libertybaycu.org

Who is the CEO of Liberty Bay Credit Union?

George Kelly is the Director of Liberty Bay Credit Union. The CEO's salary of Liberty Bay Credit Union is $534,854 and their total compensation is $576,811.


Official website here: www.libertybaycu.org

What is the revenue of Liberty Bay Credit Union?

Liberty Bay Credit Union's revenue in 2022 was $27,516,942.


Official website here: www.libertybaycu.org

Who are the executives of Liberty Bay Credit Union and what are their salaries?

The average compensation at Liberty Bay Credit Union during 2022 was $94,949. There are 92 employees and 10 volunteers at Liberty Bay Credit Union.


Here are 26 key members and their salaries (Liberty Bay Credit Union's CEO's salary is $534,854 and their total compensation is $576,811):


Gerard Burm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51
Eugene Leahy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51
Edward Mccolgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $82
Thomas J Flynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $82
Edward R Foley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $82
Patrick J Foley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $204
Robert B Foley Jr (Treasurer)
  • Compensation: $12,000
  • Related: $0
  • Other: $133
Stephen J Kelley Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51
William T Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51
Michael F Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51
Robert J Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51
Sean Cashman (Secretary)
  • Compensation: $12,000
  • Related: $0
  • Other: $204
Peter Lincoln (Chairman)
  • Compensation: $24,000
  • Related: $0
  • Other: $51
Stephen Fulchini (Svp, Information Technolog)
  • Compensation: $183,834
  • Related: $0
  • Other: $30,451
Frederick Williams (Svp And Cfo)
  • Compensation: $221,452
  • Related: $0
  • Other: $50,864
John Parillo (President & Ceo)
  • Compensation: $659,606
  • Related: $0
  • Other: $41,957
Paul Gravellese (Svp & Chief Lending Offic)
  • Compensation: $220,620
  • Related: $0
  • Other: $40,203
George Kelly (Svp & Chief Strategy Offic)
  • Compensation: $220,620
  • Related: $0
  • Other: $50,781
Katherine Peila (Svp & Chief Admin Officer)
  • Compensation: $231,163
  • Related: $0
  • Other: $35,782
Joseph Bears (Svp & Chief Information Officier)
  • Compensation: $205,567
  • Related: $0
  • Other: $50,024
Paola Ferrara (Mortgage Loan Officer)
  • Compensation: $226,593
  • Related: $0
  • Other: $50,691
Marguerite Murphy (Vp Mortgage)
  • Compensation: $150,397
  • Related: $0
  • Other: $28,570
James Dowling (Controller)
  • Compensation: $154,477
  • Related: $0
  • Other: $43,569
Stephen Hile (Mortage Loan Officier)
  • Compensation: $177,883
  • Related: $0
  • Other: $34,557
Donna Warner (Vp Retail Services)
  • Compensation: $143,537
  • Related: $0
  • Other: $27,884
M Lyndon Matteson Iii (Former President / Ceo)
  • Compensation: $534,854
  • Related: $0
  • Other: $41,957


Official website here: www.libertybaycu.org

Where can I find the form 990 for Liberty Bay Credit Union?

Liberty Bay Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.libertybaycu.org

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

Mission Statement of Liberty Bay Credit Union

Liberty Bay Credit Union, a responsible and relevant financial partner, is dedicated to serving its members, employees, and communities. The mission of this financial institution is to make a positive impact on people's lives by offering essential financial services.

Liberty Bay Credit Union prides itself on being more than just a financial institution. It is a trusted partner that prioritizes the needs and well-being of its members and employees, as well as the communities it serves. By providing a range of financial services, the credit union creates opportunities for individuals to improve their financial situation and build a better future.

The credit union operates under the belief that everyone deserves access to reliable and affordable financial services. In fulfilling this belief, it offers various financial products and services tailored to meet the diverse needs of its members. As a result, Liberty Bay Credit Union has become an essential resource for many, empowering them to take control of their financial lives and achieve their financial goals.

In summary, Liberty Bay Credit Union is a mission-driven financial institution that exists to cater to the financial needs of its members, employees, and communities. It strives to make a difference in people's lives by offering essential financial services and acting as a trusted and reliable partner.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Liberty Bay Credit Union significantly impacts the Braintree, MA community through its commitment to providing essential financial services. By fostering a strong partnership with its members, employees, and the broader community, it not only addresses individual financial needs but also promotes economic stability and growth. The credit union prioritizes responsible financial practices, ensuring that its offerings are relevant and beneficial for all stakeholders involved. Through its operations, Liberty Bay Credit Union contributes to the overall well-being of the community, empowering individuals and families to achieve their financial goals while enhancing the local economy.




This information is meant to be a general summary of Liberty Bay 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
$27,516,942 (2022)
Expenses
$20,735,203 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,732,911
  • Program Service Revenue: $24,784,031
  • Gross Receipts: $27,838,090

Assets and Liabilities:

  • Total Assets: $743,994,815
  • Total Liabilities: $649,945,563
  • Net Assets: $94,049,252

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

LOAN INTEREST

Revenue

$20,365,925

FEES ON ACCOUNTS

Revenue

$2,385,896

EMPLOYEE RETENTION CREDIT

Revenue

$1,603,843

MISCELLANEOUS INCOME

Revenue

$428,367

Organization Details

Founding Year

1917

Principal Officer

George Kelly

Main Address

300 GRANITE STREET, BRAINTREE, MA, 02184

NTEE Category

Code: W61Z - Public benefit

If you are a representative of Liberty Bay 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.