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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Brotherhood Credit Union

Brotherhood Credit Union

Fiscal year ending 2024. Filed on October 15, 2025.

75 Market Street
Lynn, Massachusetts 01901

Brotherhood Credit Union (EIN: 04-1126132) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Brotherhood Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 2 out of 30 total employees. Among the employees shown here, the average compensation is $211,249. The highest compensated employee at Brotherhood Credit Union is Adam H Sherman with fiscal year 2024 compensation of $232,127.

Revenue, expenses, and employee compensation

Revenue

$9,260,444

Expenses

$4,678,026

Employee compensation

$1,873,722
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Adam H Sherman
President and Chief Executive Officer
$232,127
$193,185 No related comp$38,942
Marilyn Desimone
Chief Operating Officer
$190,370
$160,767 No related comp$29,603

Benchmark Employee Compensation

Non-Employee Board Members

James J Sherman
Advisoradmin
$7,350
$7,000 No related comp$350
Michael Cohen
Director
No compensation reported
Richard Kessel
Clerk
No compensation reported
Howard Field
Director
No compensation reported
Scott Sagan
Director
No compensation reported
Jose Alas-Ruiz
Director
No compensation reported
Darren Klein
Director
No compensation reported
Edward I Shadoff
Director
No compensation reported
Martin Shuman
Treasurer
No compensation reported

Contractors

Fiserv
IT
$426,271
Pannos Marketing
Advertising PR
$178,453

Mission Statement

CREDIT UNION MEMBER SERVICES

Revisions to this organization profile

October 15, 2025:
2024 Brotherhood Credit Union 990 filed
November 8, 2024:
2023 Brotherhood Credit Union 990 filed
October 31, 2023:
2022 Brotherhood Credit Union 990 filed

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