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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 New Bedford Credit Union

New Bedford Credit Union

Fiscal year ending 2024. Filed on November 14, 2025.

1150 Purchase St
New Bedford, Massachusetts 02740

New Bedford Credit Union (EIN: 04-1659235) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, New Bedford Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 2 out of 72 total employees. Among the employees shown here, the average compensation is $226,752. The highest compensated employee at New Bedford Credit Union is Humberta Varao with fiscal year 2024 compensation of $301,455.

Revenue, expenses, and employee compensation

Revenue

$8,445,640

Expenses

$7,130,806

Employee compensation

$2,742,755
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Humberta Varao
President and Chief Executive Officer
$301,455
$256,032 No related comp$45,423
Eric Schifrine
Chief Financial Officer
$152,048
$148,846 No related comp$3,202

Benchmark Employee Compensation

Non-Employee Board Members

Peter E Berthiaume
Chair
$19,404
$19,404 No related compNo other comp
Thomas J Carreiro
Treasurer and Clerk
$7,154
$7,154 No related compNo other comp
Dennis Audette
Director
No compensation reported
Lawrence Oliveira
Vice Chair
No compensation reported
Haden Corediro
Director
No compensation reported
Lawrence J Finnerty
Director
No compensation reported
Jacqueline Einstein
Director
No compensation reported
D Steven White
Director
No compensation reported

Contractors

Fiserv
Core System
$873,322
Pscu
Credit Card
$199,046
Ferreira Group
IT
$152,769

Mission Statement

CREDIT UNION - PROVIDE THRIFT SERVICES TO MEMBERS WITH THE BEST SERVICE POSSIBLE.

Revisions to this organization profile

November 14, 2025:
2024 New Bedford Credit Union 990 filed
November 15, 2024:
2023 New Bedford Credit Union 990 filed
November 15, 2023:
2022 New Bedford Credit Union 990 filed

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