Compensation 990

Workers Federal Credit Union Fka Workers' Credit Union

Fiscal year ending 2019. Filed on October 29, 2020.

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 2019 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 14 out of 364 total employees. Among the employees shown here, the average compensation is $339,392. The highest compensated employee at Workers Federal Credit Union Fka Workers' Credit Union is Douglas J Petersen with fiscal year 2019 compensation of $882,958. Workers Federal Credit Union Fka Workers' Credit Union changed its name from Workers' Credit Union in 2020.

Revenue, expenses, and employee compensation

Revenue

$94,853,020

Expenses

$78,934,216

Employee compensation

$30,356,262
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Douglas J Petersen
President and Chief Executive Officer
$882,958
$688,540 from orgNo related comp$194,418 other
Sandra Sagehorn Elliott
Executive Vice President and Chief Operating Officer
$473,275
$365,726 from orgNo related comp$107,549 other
J Timothy Smith
Senior Vice President - CFO and Treasurer
$400,376
$299,933 from orgNo related comp$100,443 other
Mark Fantasia
Vice President Retirement Planning and Investment Center
$392,505
$355,150 from orgNo related comp$37,355 other
David Earls
Advisor
$387,873
$360,307 from orgNo related comp$27,566 other
William Mullin
Senior Vice President Commercial Lending
$317,754
$288,208 from orgNo related comp$29,546 other
Thomas Gray
Senior Vice President, Lending
$280,540
$248,019 from orgNo related comp$32,521 other
Joanne White
Senior Vice President Information Technology
$274,254
$254,498 from orgNo related comp$19,756 other
Mary Jane Fitzsimmons
Senior Vice President Human Capital (Cpo)
$244,251
$224,222 from orgNo related comp$20,029 other
Robert S Lockett
CSO and Senior Vice President Diversified SERV
$232,327
$202,325 from orgNo related comp$30,002 other
Peter Rice
Senior Vice President Retail Services
$229,930
$207,472 from orgNo related comp$22,458 other
Scott Kwarta
Senior Vice President RISK Management
$222,722
$199,174 from orgNo related comp$23,548 other

Non-Employee Board Members

Eric D Shapiro
Director
John S Ford
Director
Marina M Raher
Chair and Director
Mary Ann Ashton
Director
Mary Heafy
Director
Nilesh Gunda
Director and Clerk
Robert Markley
Director
Scot Barrett
Director

Contractors

Nauset Construction
Construction
$6,892,836
Adrenaline
Marketing
$937,841
Vector 5 Collaborative
Construction
$608,840
Insegment
Marketing
$380,792
Law Offices of Thomas Gibbons
Legal
$349,556

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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