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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 2022. Filed on May 4, 2023.

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 2022 IRS Form 990 filing, Southbridge Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 55 total employees. Among the employees shown here, the average compensation is $180,714. The highest compensated employee at Southbridge Credit Union is Katherine R Theodoss with fiscal year 2022 compensation of $281,009.

Revenue, expenses, and employee compensation

Revenue

$9,370,814

Expenses

$8,248,124

Employee compensation

$3,277,265
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Katherine R Theodoss
President and Chief Executive Officer
$281,009
$243,544 No related comp$37,465
Jeffrey Canniff
Chief Financial Officer and Treasurer
$198,999
$181,442 No related comp$17,557
Barbara Palmer
Vice President Retail and Branch Develop
$122,341
$104,871 No related comp$17,470
Lynn Mero
Vice President of Consumer Lending
$120,508
$103,827 No related comp$16,681

Benchmark Employee Compensation

Non-Employee Board Members

John A Lafleche
Board Chair and Director
$12,000
$12,000 No related compNo other comp
James Keyes
2ND VICE Chair/Director
No compensation reported
Benjamin Tully
Chair/Clerk
No compensation reported
Michelle M Anderson
Director
No compensation reported
Rebecca Bruso
Director
No compensation reported
Robert Caprera
Director
No compensation reported
Jose Dingai
Director
No compensation reported
Amy Howard
Director
No compensation reported
Phil Cyr
1ST VICE Chair/Director
No compensation reported
William Trifone
Director
No compensation reported
Madaline I Bonadeies
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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