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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 2016. Filed on June 7, 2017.

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 2016 IRS Form 990 filing, Depositors Insurance Fund, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 10 total employees. Among the employees shown here, the average compensation is $299,133. The highest compensated employee at Depositors Insurance Fund is David Elliott with fiscal year 2016 compensation of $814,675.

Revenue, expenses, and employee compensation

Revenue

$4,173,630

Expenses

$3,935,968

Employee compensation

$2,475,241
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David Elliott
President and Chief Executive Officer
$814,675
$752,413 No related comp$62,262
Mark S Medvin Until 512016
Executive Vice President and COO and Treasurer
$488,941
$419,891 No related comp$69,050
John J D'Alessandro
Vice President
$256,496
$183,535 No related comp$72,961
Edward J Geary
Senior Vice President
$251,298
$200,958 No related comp$50,340
Matthew P Calnan
Sr Financial Analyst
$134,410
$103,990 No related comp$30,420
Kara M McNamara
Vice President
$118,119
$88,665 No related comp$29,454
Norman S Seppala
Executive Vice President (As of 11/2/2015)
$29,993
$28,776 No related comp$1,217

Benchmark Employee Compensation

Non-Employee Board Members

John F Heaps Jr
Chairman (Until 3/31/2016)
$21,500
$21,500 No related compNo other comp
Mark R O'Connell
Director (Until 3/31/2016)
$10,200
$10,200 No related compNo other comp
William H Mitchelson
Director
$8,500
$8,500 No related compNo other comp
Donna Boulanger
Director
$8,200
$8,200 No related compNo other comp
Steven Lowell
Chair
$6,800
$6,800 No related compNo other comp
Margo Kelly
Director
$6,800
$6,800 No related compNo other comp
Maura O Banta
Director
$6,800
$6,800 No related compNo other comp
John Boucher
Director
$6,600
$6,600 No related compNo other comp
Richard Bennett
Director
$6,400
$6,400 No related compNo other comp
Marvin Siflinger
Director
$6,400
$6,400 No related compNo other comp
William J Wagner
Director (Until 3/31/2016)
$6,400
$6,400 No related compNo other comp
Patrick Murray
Director
$4,800
$4,800 No related compNo other comp

Contractors

Longfellow Investment Mgmt Company
Investment Management
$224,208
Synergistic Online Solutions
Internet Programming
$154,076

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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