St Marys Credit Union Inc

Organization Overview

St Marys Credit Union Inc is located in Marlborough, MA. The organization was established in 1974. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, St Marys Credit Union Inc employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marys Credit Union Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2022, St Marys Credit Union Inc generated $32.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $27.1m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE OUR MEMBERS/OWNERS WITH SUPERIOR FINANCIAL PRODUCTS AND SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION IS A COOPERATIVE OWNED BY ITS MEMBERS AND DEDICATED TO SERVING ITS MEMBERS WITH LOAN AND DEPOSIT & SHARES PRODUCTS.


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Board, Officers & Key Employees

Name (title)Compensation
Larissa Thurston
CEO
$480,834
James Petkewich
Evp & COO
$257,887
John Hendriske
SVP Consumer Lending
$217,955
Sarah Day
SVP Commercial Loan Office
$215,651
Christopher Mancini
SVP It & Cto
$213,697
Lisa Kornachuk
Cmo, SVP Marketing
$177,885

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$27,206,168
Investment income $0
Tax Exempt Bond Proceeds $4,259,401
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,593
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,310,700

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