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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 The Cooperative Central Bank

The Cooperative Central Bank

Fiscal year ending 2020. Filed on September 10, 2020.

One Linscott Road
Woburn, Massachusetts 01801

The Cooperative Central Bank (EIN: 04-1207240) has filed an IRS Form 990 from fiscal year 2016–2020. In its fiscal year 2020 IRS Form 990 filing, The Cooperative Central Bank, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 3 out of 4 total employees. Among the employees shown here, the average compensation is $360,023. The highest compensated employee at The Cooperative Central Bank is Andrew J Calamare with fiscal year 2020 compensation of $517,799.

Revenue, expenses, and employee compensation

Revenue

$2,132,200

Expenses

$13,140,609

Employee compensation

$1,538,657
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Andrew J Calamare
President and Chief Executive Officer
$517,799
$480,896 No related comp$36,903
Judith M Javidpour
Senior Vice President and Treasurer
$342,766
$297,743 No related comp$45,023
Annemarie Lee
Vice President
$219,504
$183,759 No related comp$35,745

Benchmark Employee Compensation

Non-Employee Board Members

Joseph A Devito
Director
$8,475
$8,475 No related compNo other comp
Mark R Haranas
Director
$7,800
$7,800 No related compNo other comp
Joseph T Baptista Jr
Vice Chair
$7,575
$7,575 No related compNo other comp
Michael E Tucker
Director
$6,975
$6,975 No related compNo other comp
Joseph V Scholl
Chair
$6,675
$6,675 No related compNo other comp
Robert W Terravecchia Jr
Director
$6,600
$6,600 No related compNo other comp
Eileen P McAnneny
Director
$6,300
$6,300 No related compNo other comp
Andrew J Raczka
Director
$6,075
$6,075 No related compNo other comp
Raija Vaisanen
Director
$6,000
$6,000 No related compNo other comp
Edward Manzi
Director
$300
$300 No related compNo other comp

Mission Statement

OPERATED AND WHOLLY OWNED BY ALL 37 MASSACHUSETTS CO-OPERATIVE BANKS, SOLELY FOR THE MUTUAL BENEFIT OF ALL OF THEIR DEPOSITORS, AS A SOURCE OF CASH RESERVES AND TO PROVIDE INSURANCE IN FULL OF DEPOSITS UNDER MASSACHUSETTS LAW.

Revisions to this organization profile

September 10, 2020:
2020 The Cooperative Central Bank 990 filed
January 24, 2020:
2019 The Cooperative Central Bank 990 filed
January 31, 2019:
2018 The Cooperative Central Bank 990 filed

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