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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 2021. Filed on July 25, 2022.

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 2021 IRS Form 990 filing, Depositors Insurance Fund, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 12 total employees. Among the employees shown here, the average compensation is $331,257. The highest compensated employee at Depositors Insurance Fund is David Elliott with fiscal year 2021 compensation of $552,924.

Revenue, expenses, and employee compensation

Revenue

$6,907,559

Expenses

$4,735,206

Employee compensation

$3,322,403
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David Elliott
Former President and CEO
$552,924
$527,311 No related comp$25,613
Andrew Calamare
President and Chief Executive Officer
$502,941
$436,468 No related comp$66,473
Norman S Seppala
Executive Vice President and COO and Treasurer Ended 12/2020
$357,355
$344,580 No related comp$12,775
John J D'Alessandro
Senior Vice President
$326,164
$232,794 No related comp$93,370
Kara M McNamara
Senior Vice President
$273,647
$176,705 No related comp$96,942
Judith Javidpour
Senior Vice President, CFO and Treasurer
$262,184
$201,759 No related comp$60,425
Annemarie Lee
Vice President
$200,915
$146,443 No related comp$54,472
Matthew P Calnan
Vice President (AS of 01/2021)
$173,926
$125,404 No related comp$48,522

Benchmark Employee Compensation

Non-Employee Board Members

Gilda M Nogueira
Chair
$15,625
$15,625 No related compNo other comp
Scott D Cote
Director
$15,200
$15,200 No related compNo other comp
Peter G Brown
Director
$14,950
$14,950 No related compNo other comp
Mark R O'Connell
Director
$13,400
$13,400 No related compNo other comp
David G Falwell
Director
$12,700
$12,700 No related compNo other comp
Edward F Manzi Jr
Director
$10,500
$10,500 No related compNo other comp
Donna L Boulanger
Director
$9,700
$9,700 No related compNo other comp
Robert S Karam
Director
$9,500
$9,500 No related compNo other comp
Steven E Lowell
Director
$9,300
$9,300 No related compNo other comp
Charles P O'Brien
Director
$8,800
$8,800 No related compNo other comp
Mark R Haranas
Director
$7,500
$7,500 No related compNo other comp
Eileen P McAnneny
Director
$7,500
$7,500 No related compNo other comp

Contractors

Longfellow Investment Mgmt Company
Investment Management
$279,325
Synergistic Online Solutions
Internet Programming
$176,874
David Elliot
Transition Consulting
$122,616
The Brennan Group Inc.
Lobbying/Strategic Planning
$120,000

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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