Compensation 990

St Mary's Credit Union Inc.

Fiscal year ending 2024. Filed on March 26, 2025.

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 2024 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 23 out of 164 total employees. Among the employees shown here, the average compensation is $176,165. The highest compensated employee at St Mary's Credit Union Inc. is Larissa Thurston Term 72024 with fiscal year 2024 compensation of $317,236.

Revenue, expenses, and employee compensation

Revenue

$44,843,200

Expenses

$42,922,745

Employee compensation

$12,795,015
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

New in 2024
Larissa Thurston Term 72024
President and Chief Executive Officer
$317,236
$291,042 from orgNo related comp$26,194 other
＋12.6%vs 2023
John Hendriske
Senior Vice President, Senior Lending Officer
$308,720
$264,215 from orgNo related comp$44,505 other
－9.2%vs 2023
James Petkewich
Interim President and Chief Executive Officer
$306,769
$262,425 from orgNo related comp$44,344 other
＋22.4%vs 2023
Sarah Bolte
CFO and Senior Vice President Finance
$286,652
$270,819 from orgNo related comp$15,833 other
＋4.3%vs 2023
Christine Monteiro
Senior Vice President Retail Services
$224,386
$188,738 from orgNo related comp$35,648 other
＋1.4%vs 2023
Armand Fernandez
Senior Vice President Small Business Lending
$193,891
$158,867 from orgNo related comp$35,024 other
－6.4%vs 2023
Melissa Eagles
Vice President, Real Estate Lending
$182,158
$148,266 from orgNo related comp$33,892 other
＋1.8%vs 2023
Eileen Potter
Vice President and Controller
$181,729
$148,009 from orgNo related comp$33,720 other
New in 2024
Christopher Mancini Term 42024
Senior Vice President CTO
$181,518
$173,664 from orgNo related comp$7,854 other
＋15.3%vs 2023
Heidi Pierce
Vice President Member Solutions
$174,307
$140,900 from orgNo related comp$33,407 other
＋2.4%vs 2021
Karen Mitchell
Mortgage Originator
$165,893
$139,491 from orgNo related comp$26,402 other
－1.0%vs 2023
Stephen Shambo
IT Solutions LEAD
$163,431
$130,922 from orgNo related comp$32,509 other

Non-Employee Board Members

＋106.9%vs 2023
Gerard P Richer
Chair and Director
$9,980
$9,980 from orgNo related compNo other comp
＋7.1%vs 2023
Brian Bouvier
Director
$7,770
$7,770 from orgNo related compNo other comp
＋11.6%vs 2023
Karen Gadbois
Director
$7,745
$7,745 from orgNo related compNo other comp
＋5.5%vs 2023
Sandra Farrell
Director
$7,127
$7,127 from orgNo related compNo other comp
New in 2024
Richard P Valarioti
Director
$5,028
$5,028 from orgNo related compNo other comp
＋4.4%vs 2023
Thomas H Wellen
Director
$4,221
$4,221 from orgNo related compNo other comp
－24.5%vs 2023
Philippe Bouvier
Director
$2,229
$2,229 from orgNo related compNo other comp
－3.3%vs 2023
David Brumby
Director
$1,839
$1,839 from orgNo related compNo other comp
－4.1%vs 2023
Joseph Bane
Director
$1,603
$1,603 from orgNo related compNo other comp
Thomas F Seymour
Director
No compensation reported
Kevin M Mallett
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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