Compensation 990

Workers Federal Credit Union Fka Workers' Credit Union

Fiscal year ending 2017. Filed on November 14, 2018.

815 Main Street
Fitchburg, Massachusetts 01420

Workers Federal Credit Union Fka Workers' Credit Union (EIN: 04-2079901) has filed an IRS Form 990 from fiscal year 2016–2021. In its fiscal year 2017 IRS Form 990 filing, Workers Federal Credit Union Fka Workers' Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 15 out of 352 total employees. Among the employees shown here, the average compensation is $306,694. The highest compensated employee at Workers Federal Credit Union Fka Workers' Credit Union is Douglas J Petersen with fiscal year 2017 compensation of $793,857. Workers Federal Credit Union Fka Workers' Credit Union changed its name from Workers' Credit Union in 2020.

Revenue, expenses, and employee compensation

Revenue

$77,870,168

Expenses

$72,576,334

Employee compensation

$26,806,843
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

－31.6%vs 2016
Douglas J Petersen
President and Chief Executive Officer
$793,857
$598,978 from orgNo related comp$194,879 other
＋40.5%vs 2016
Sandra Sagehorn Elliott
Executive Vice President
$452,295
$346,491 from orgNo related comp$105,804 other
＋20.6%vs 2016
David Earls
Registered INS and INV REP
$404,263
$375,033 from orgNo related comp$29,230 other
＋12.4%vs 2016
Mark Fantasia
Vice President Insurance and Investment
$398,320
$364,706 from orgNo related comp$33,614 other
－24.6%vs 2016
J Timothy Smith
Senior Vice President - CFO and Treasurer
$387,225
$282,743 from orgNo related comp$104,482 other
＋3.4%vs 2016
William Mullin
Senior Vice President BUS Banking and COMM LEN
$282,345
$253,666 from orgNo related comp$28,679 other
＋0.2%vs 2016
Thomas J Gray
Senior Vice President of Lending
$269,833
$238,512 from orgNo related comp$31,321 other
＋6.3%vs 2016
John M Doolin
Senior Vice President, Human Resources
$234,444
$215,838 from orgNo related comp$18,606 other
＋8.1%vs 2016
Robert S Lockett
CSO and Senior Vice President Diversified SERV
$221,812
$193,773 from orgNo related comp$28,039 other
＋6.2%vs 2016
Michael J Dembowski
Senior Vice President of OPER, TECH and Compli
$216,281
$194,002 from orgNo related comp$22,279 other
New in 2017
Joanne White
Senior Vice President Information Technology
$204,632
$188,655 from orgNo related comp$15,977 other
＋8.3%vs 2016
Robert P Gallo
AVP Commercial Lending
$204,449
$182,435 from orgNo related comp$22,014 other

Non-Employee Board Members

Eric D Shapiro
Chair and Director
James E Rouse
Director
John S Ford
Director
Marina M Raher
Director
Mary Ann Ashton
Director
Mary Heafy
Director and Clerk
Melissa Fetterhoff
Director/Audit COMM Chair
Nilesh Gunda
Director
Raymond J Martino
Vice Chair and Director
Robert Markley
Director

Contractors

New in 2017
Adrenaline
Marketing
$447,083
New in 2017
Bennett Building Corp.
Facilities
$340,538
New in 2017
Insegment Inc.
Marketing
$307,470
－79.5%vs 2016
Idea Agency Inc.
Marketing
$210,362
New in 2017
Mckenzie Engineering
Facilities
$198,625

Mission Statement

THE ORGANIZATION IS A STATE CHARTERED CREDIT UNION THAT SERVES MEMBERS WHO LIVE OR WORK IN MASSACHUSETTS.

Revisions to this organization profile

December 7, 2021:
2021 Workers Federal Credit Union Fka Workers' Credit Union 990 filed
November 15, 2021:
2020 Workers Federal Credit Union Fka Workers' Credit Union 990 filed
October 29, 2020:
2019 Workers Federal Credit Union Fka Workers' Credit Union 990 filed

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