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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 Southbridge Credit Union

Southbridge Credit Union

Fiscal year ending 2024. Filed on May 28, 2025.

155 Main Street
Southbridge, Massachusetts 01550

Southbridge Credit Union (EIN: 04-2023790) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Southbridge Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 56 total employees. Among the employees shown here, the average compensation is $184,886. The highest compensated employee at Southbridge Credit Union is Katherine R Theodoss with fiscal year 2024 compensation of $317,979.

Revenue, expenses, and employee compensation

Revenue

$11,878,282

Expenses

$11,430,592

Employee compensation

$3,559,128
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Katherine R Theodoss
President and Chief Executive Officer
$317,979
$270,406 No related comp$47,573
Jeffrey Canniff
Chief Financial Officer and Treasurer
$217,551
$198,644 No related comp$18,907
Jo-Ann Santelli
Vice President of Commercial Loans
$147,568
$119,712 No related comp$27,856
Karen Brousseau
Senior Vice President of Retail Operations
$145,153
$128,741 No related comp$16,412
Lynn Mero
Vice President of Consumer Lending
$141,405
$121,111 No related comp$20,294
Maria Garcia-Torres
Senior Vice President of Administration
$139,661
$127,471 No related comp$12,190

Benchmark Employee Compensation

Non-Employee Board Members

Phil Cyr
Board Chair
$11,000
$11,000 No related compNo other comp
John A Lafleche
Director (Resigned 11/2024)
$1,000
$1,000 No related compNo other comp
Michelle M Anderson
Director
No compensation reported
James Keyes
Director
No compensation reported
Amy Howard
Director
No compensation reported
Rebecca Bruso
Director
No compensation reported
Madaline I Bonadeies
Director
No compensation reported
William Trifone
Director
No compensation reported
Gary Fontaine
Director (As of 9/24/2024)
No compensation reported
Benjamin Tully
Director
No compensation reported
Robert Caprera
Director
No compensation reported
Jose Dingai
Director
No compensation reported

Mission Statement

PROVIDE FINANCIAL PRODUCTS AND PERSONALIZED SERVICES THAT WILL ASSIST OUR MEMBERS IN ACHIEVING THEIR FINANCIAL GOALS.

Revisions to this organization profile

May 28, 2025:
2024 Southbridge Credit Union 990 filed
May 21, 2024:
2023 Southbridge Credit Union 990 filed
May 4, 2023:
2022 Southbridge Credit Union 990 filed

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