Compensation 990

St Mary's Credit Union Inc.

Fiscal year ending 2023. Filed on March 26, 2024.

PO Box 729
Marlborough, Massachusetts 01752

St Mary's Credit Union Inc. (EIN: 04-1802000) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, St Mary's Credit Union Inc., a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 31 out of 167 total employees. Among the employees shown here, the average compensation is $178,607. The highest compensated employee at St Mary's Credit Union Inc. is Larissa Thurston with fiscal year 2023 compensation of $460,234.

Revenue, expenses, and employee compensation

Revenue

$41,055,689

Expenses

$36,815,996

Employee compensation

$12,914,398
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

－10.5%vs 2022
Larissa Thurston
Chief Executive Officer
$460,234
$404,700 from orgNo related comp$55,534 other
＋12.1%vs 2022
James Petkewich
Executive Vice President and Chief Operating Officer
$337,813
$270,154 from orgNo related comp$67,659 other
＋10.4%vs 2022
Sarah Day
Senior Vice President Commercial LOAN Office
$274,778
$217,140 from orgNo related comp$57,638 other
＋7.8%vs 2022
John Hendriske
Senior Vice President Consumer Lending
$274,138
$228,829 from orgNo related comp$45,309 other
＋84.8%vs 2022
Sarah Bolte
Chief Financial Officer
$234,262
$212,677 from orgNo related comp$21,585 other
＋18.9%vs 2022
Lisa Kornachuk
Senior Vice President, Marketing
$232,975
$207,900 from orgNo related comp$25,075 other
＋16.4%vs 2022
Christine Monteiro
Senior Vice President Retail Services
$215,103
$159,163 from orgNo related comp$55,940 other
－11.5%vs 2022
Christopher Mancini
Senior Vice President IT and CTO
$206,956
$187,249 from orgNo related comp$19,707 other
＋8.7%vs 2022
Melissa Eagles
Vice President, Real Estate Lending
$194,667
$159,784 from orgNo related comp$34,883 other
＋2.3%vs 2022
Armand Fernandez
Senior Vice President Small Business Lending
$191,188
$156,600 from orgNo related comp$34,588 other
＋11.9%vs 2022
Eileen Potter
Vice President, Controller
$178,518
$145,006 from orgNo related comp$33,512 other
＋3.1%vs 2022
Stephen Shambo
IT Solutions LEAD
$165,140
$132,744 from orgNo related comp$32,396 other

Non-Employee Board Members

＋6.7%vs 2022
Brian Bouvier
Director
$7,253
$7,253 from orgNo related compNo other comp
＋10.3%vs 2022
Karen Gadbois
Director
$6,942
$6,942 from orgNo related compNo other comp
New in 2023
James Garvey
Director
$6,812
$6,812 from orgNo related compNo other comp
＋16.3%vs 2022
Sandra Farrell
Director
$6,758
$6,758 from orgNo related compNo other comp
－29.0%vs 2022
Gerard P Richer
Chair and Director
$4,823
$4,823 from orgNo related compNo other comp
－4.1%vs 2022
Thomas H Wellen
Director
$4,042
$4,042 from orgNo related compNo other comp
＋22.4%vs 2022
Philippe Bouvier
Director
$2,953
$2,953 from orgNo related compNo other comp
－4.7%vs 2022
David Brumby
Director
$1,901
$1,901 from orgNo related compNo other comp
＋0.3%vs 2022
Joseph Bane
Director
$1,672
$1,672 from orgNo related compNo other comp
－100%vs 2022
Thomas F Seymour
Director
No compensation reported
Richard P Valarioti
Director
No compensation reported
James F Toohey
Director
No compensation reported

Mission Statement

TO PROVIDE OUR MEMBERS/OWNERS WITH SUPERIOR FINANCIAL PRODUCTS AND SERVICES WITH FAVORABLE PRICING DELIVERED THROUGH ATTENTIVE, CONVENIENT AND COST-EFFECTIVE DELIVERY CHANNELS WHILE MAINTAINING A STRONG AND SAFE FINANCIAL CONDITION.

Revisions to this organization profile

March 26, 2025:
2024 St Mary's Credit Union Inc. 990 filed
March 26, 2024:
2023 St Mary's Credit Union Inc. 990 filed
March 20, 2023:
2022 St Mary's Credit Union Inc. 990 filed

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