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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 2021. Filed on November 15, 2022.

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 2021 IRS Form 990 filing, New Bedford Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 78 total employees. Among the employees shown here, the average compensation is $83,903. The highest compensated employee at New Bedford Credit Union is Humberta Varao with fiscal year 2021 compensation of $213,070.

Revenue, expenses, and employee compensation

Revenue

$5,012,548

Expenses

$4,504,583

Employee compensation

$2,089,182
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Humberta Varao
President and Chief Executive Officer
$213,070
$182,438 No related comp$30,632
Jennifer Delgado
Vice President, Lending
$110,237
$83,653 No related comp$26,584
Michelle Greenwalt
Vice President Finance/Controller
$107,386
$98,218 No related comp$9,168
Tara Degrace
Vice President, Operations
$98,090
$72,575 No related comp$25,515
Lisa Arraial
AVP Lending
$70,722
$63,509 No related comp$7,213
Lindsay Mullane
AVP Operation
$64,511
$49,977 No related comp$14,534
David Borges
President and Chief Executive Officer
$54,464
$32,628 No related comp$21,836
Joyce Ferreira
Vice President Retail Services/Branch Administration
$21,492
$20,692 No related comp$800
Alexia Jacobson
Vice President, Human Resources
$15,151
$11,196 No related comp$3,955

Benchmark Employee Compensation

Non-Employee Board Members

James W Allen
Chairman - PART YEAR
$14,105
$14,105 No related compNo other comp
Thomas J Carreiro
Treasurer and Clerk
$5,720
$5,720 No related compNo other comp
Peter E Berthiaume
Chair
$2,821
$2,821 No related compNo other comp
Nora Barnes
Director
No compensation reported
Lawrence J Finnerty
Director
No compensation reported
Lawrence Oliveira
Vice Chair
No compensation reported
Dennis Audette
Director
No compensation reported
Haden Corediro
Director
No compensation reported
Steve White
Director
No compensation reported

Contractors

Fiserv
Data Processing and Debt Card
$412,000
Pscu
Credit Card
$123,000

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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