Naveo Credit Union

Fiscal year ending 2024. Filed on November 13, 2025.

493 Somerville Avenue
Somerville, Massachusetts 02143

Naveo Credit Union (EIN: 04-1144988) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Naveo Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 47 total employees. Among the employees shown here, the average compensation is $224,975. The highest compensated employee at Naveo Credit Union is Andrea White with fiscal year 2024 compensation of $512,858.

Revenue, expenses, and employee compensation

Revenue

$8,053,625

Expenses

$7,968,830

Employee compensation

$3,595,887
Revenue, expenses, and employee compensation over time

Mission Statement

THE PROMOTION OF THRIFT AMONG ITS MEMBERS BY THE ACCUMULATION OF THEIR SAVINGS AND THE LOANING OF SUCH SAVINGS BACK TO ITS MEMBERS AT A MODERATE RATE OF INTEREST. PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE INDIVIDUALS WHO QUALIFY FOR MEMBERSHIP. THE FIELD OF MEMBERSHIP IS DEFINED IN THE CREDIT UNION'S BYLAWS WITH A SIGNIFICANT CONCENTRATION OF MEMBERS RESIDING IN SOMERVILLE AND CAMBRIDGE, MASSACHUSETTS AND SURROUNDING COMMUNITIES.

Revisions to this organization profile

November 13, 2025:
2024 Naveo Credit Union 990 filed
November 13, 2024:
2023 Naveo Credit Union 990 filed
August 12, 2023:
2022 Naveo Credit Union 990 filed

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