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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 Depositors Insurance Fund

Depositors Insurance Fund

Fiscal year ending 2024. Filed on July 28, 2025.

One Linscott Road
Woburn, Massachusetts 01801

Depositors Insurance Fund (EIN: 04-1647690) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Depositors Insurance Fund, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 6 total employees. Among the employees shown here, the average compensation is $397,356. The highest compensated employee at Depositors Insurance Fund is Andrew Calamare with fiscal year 2024 compensation of $983,737.

Revenue, expenses, and employee compensation

Revenue

$14,995,248

Expenses

$3,951,725

Employee compensation

$2,895,152
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Andrew Calamare
President and Chief Executive Officer
$983,737
$908,468 No related comp$75,269
Judith Javidpour
Chief Financial Officer and Executive Vice President and Treasurer
$462,520
$379,885 No related comp$82,635
Annemarie Lee
Vice President
$270,805
$196,158 No related comp$74,647
Kara M McNamara
Senior Vice President
$265,783
$188,759 No related comp$77,024
Matthew P Calnan
Senior Vice President
$246,391
$168,612 No related comp$77,779
Maura Villanova
Reports Specialist
$154,897
$104,655 No related comp$50,242

Benchmark Employee Compensation

Non-Employee Board Members

Robert W Terravecchia Jr
Director
$17,000
$17,000 No related compNo other comp
Peter G Brown
Director
$16,500
$16,500 No related compNo other comp
Edward F Manzi Jr
Director
$15,100
$15,100 No related compNo other comp
Andrew J Raczka Ended 92024
Director
$12,100
$12,100 No related compNo other comp
Donna Boulanger Ended 32024
Director
$11,800
$11,800 No related compNo other comp
Jeffrey Worth
Director
$10,800
$10,800 No related compNo other comp
Raija L Vaisanen
Director
$8,500
$8,500 No related compNo other comp
David G Falwell
Director
$8,000
$8,000 No related compNo other comp
Meg McIsaac
Director
$6,000
$6,000 No related compNo other comp
Carol McClintock
Director
$5,500
$5,500 No related compNo other comp
Robert J Fraser
Director
$5,500
$5,500 No related compNo other comp
Robert S Karam
Director
$4,000
$4,000 No related compNo other comp

Contractors

Longfellow Investment Mgmt Company
Investment Management
$271,462
The Brennan Group Inc.
Lobbying/Strategic Planning
$125,040
Synergistic Online Solutions
Internet Programming
$118,770

Mission Statement

INSURES THOSE DEPOSITS IN EXCESS OF THE FDIC LIMITS AND ALSO PROVIDES TEMPORARY LIQUIDITY TO MEMBER BANKS BY MAKING LOANS TO THEM, SECURED BY MEMBER BANKS' ASSETS.

Revisions to this organization profile

July 28, 2025:
2024 Depositors Insurance Fund 990 filed
August 12, 2024:
2023 Depositors Insurance Fund 990 filed
August 15, 2023:
2022 Depositors Insurance Fund 990 filed

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