Northeast Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020222930 ✦ Portsmouth, NH ✦ Designated as a 501(c)(14)

Overview

What is Northeast Credit Union?

Northeast Credit Union, based in Portsmouth, New Hampshire, is a financial institution dedicated to serving its members with safe and top-notch financial services. Aligned with the Credit Union movement's principles, this nonprofit aims to improve the financial well-being of its member-owners through high-quality offerings. Its mission encompasses providing essential financial services that cater to each member's unique requirements.


Official website here: www.necu.org

Is Northeast Credit Union legitimate?

Northeast Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northeast Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,188,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,370,434

For more financial information, click here


Official website here: www.necu.org

What is the mission statement of Northeast Credit Union?

Northeast Credit Union is a financial institution committed to delivering safe and top-notch financial services to its member base. Rooted in the Credit Union movement's principles, the organization aims to cater to the financial needs of its members, ultimately improving their financial well-being. By providing high-quality services, Northeast Credit Union seeks to build trust and confidence among its members while maintaining a strong commitment to ensuring their financial security.


Official website here: www.necu.org

Who is the CEO of Northeast Credit Union?

Christopher G Parker is the Treasurer of Northeast Credit Union. The CEO's salary of Northeast Credit Union is $573,700 and their total compensation is $647,430.


Official website here: www.necu.org

What is the revenue of Northeast Credit Union?

Northeast Credit Union's revenue in 2022 was $83,517,105.


Official website here: www.necu.org

Who are the executives of Northeast Credit Union and what are their salaries?

The average compensation at Northeast Credit Union during 2022 was $42,052. There are 584 employees and 11 volunteers at Northeast Credit Union.

Here are 32 key members and their salaries (Northeast Credit Union's CEO's salary is $573,700 and their total compensation is $647,430):

    Christopher G Parker (President/Ceo)
  • Compensation: $573,700
  • Related: $0
  • Other: $73,730

    • Andrea Pruna (Svp Chief Marketing & Reta)
  • Compensation: $281,643
  • Related: $0
  • Other: $61,176

    • Kelly Mcgrath (Svp Chief Lending Officer)
  • Compensation: $269,389
  • Related: $0
  • Other: $37,264

    • Lee P Schafer (Svp Chief Human Resources)
  • Compensation: $257,489
  • Related: $0
  • Other: $37,007

    • Sean Karas Mcnair (Chief Member Experience And Digital Officer)
  • Compensation: $260,798
  • Related: $0
  • Other: $21,033

    • Susan Hannigan (Svp Cfo (Ended 6/2022))
  • Compensation: $254,573
  • Related: $0
  • Other: $18,099

    • Arthur William Macgregor (Sales Rep)
  • Compensation: $222,674
  • Related: $0
  • Other: $41,131

    • Traci J Tenggren (Vp Human Resources)
  • Compensation: $208,168
  • Related: $0
  • Other: $54,498

    • Michael H Gagnon (Svp Chief Technology Offic)
  • Compensation: $234,581
  • Related: $0
  • Other: $24,838

    • Christina J Zaudke (Vp Branch Strategy And Inn)
  • Compensation: $197,323
  • Related: $0
  • Other: $53,329

    • Ana Michele Foret (Svp Cro (Ended 9/2/2022))
  • Compensation: $225,333
  • Related: $0
  • Other: $20,374

    • Richard Lipari (Vp Operations)
  • Compensation: $191,262
  • Related: $0
  • Other: $52,618

    • Bonnie J Ward (Vp It)
  • Compensation: $196,149
  • Related: $0
  • Other: $39,778

    • Christopher Saucier (Vp Mortgage)
  • Compensation: $168,067
  • Related: $0
  • Other: $42,936

    • Suzanne R Ladd (Vp Consumer Direct Lending)
  • Compensation: $177,845
  • Related: $0
  • Other: $29,378

    • Douglas Sites (Vp Consumer & Indirect Lending)
  • Compensation: $153,264
  • Related: $0
  • Other: $47,001

    • David Arthur Perron (Avp It)
  • Compensation: $156,559
  • Related: $0
  • Other: $38,186

    • Deborah Auger (Vp Marketing)
  • Compensation: $150,430
  • Related: $0
  • Other: $25,657

    • Sean Tipton (Avp Contact Center)
  • Compensation: $133,912
  • Related: $0
  • Other: $35,998

    • June Gouldsbrough (Avp Ecommerce)
  • Compensation: $150,334
  • Related: $0
  • Other: $14,211

    • Jeanne Ward (Avp Collections)
  • Compensation: $137,783
  • Related: $0
  • Other: $26,451

    • Michael Rumo (Avp Regional Sales Manager)
  • Compensation: $120,692
  • Related: $0
  • Other: $34,178

    • Stephen William Becker (Vp Financial Planning & Analysis)
  • Compensation: $139,586
  • Related: $0
  • Other: $14,132

    • Neil Gordon (Svp Cfo (As Of 7/2022))
  • Compensation: $44,188
  • Related: $0
  • Other: $4,686

    • Ken Lawrence (Svp Cio)
  • Compensation: $37,056
  • Related: $0
  • Other: $0

    • Victor M Collinino (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terrance Beers (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theresa P Palumbo (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Bald (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Paciencia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Gamester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Regis Saucier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.necu.org

    Where can I find the form 990 for Northeast Credit Union?

    The Northeast Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.necu.org

    Learn more at the official website: www.necu.org

    Mission Statement of Northeast Credit Union

    Northeast Credit Union, a financial institution dedicated to its members, is committed to providing them with safe and top-notch financial services. In line with the Credit Union movement's principles, this organization strives to meet the unique financial needs of its member-owners. By doing so, Northeast Credit Union contributes to enhancing their financial well-being.

    Located in Portsmouth, New Hampshire, Northeast Credit Union embodies the Credit Union philosophy, which prioritizes people over profits. The mission of this financial institution goes beyond offering basic financial services; it aims to deliver high-quality solutions that cater to each member's needs. Through its unwavering dedication, Northeast Credit Union sets the foundation for its members to build a solid financial future.

    Impact

    This information is meant to be a general summary of Northeast Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Northeast Credit Union's impact is evident through its provision of credit union services to its members. By offering financial services that align with the principles, philosophy, and values of the Credit Union movement, Northeast Credit Union contributes to enhancing the financial well-being of its member owners. Located in Portsmouth, NH, the institution's mission centers around providing safe, high-quality financial services that meet the specific needs of its members. Through its commitment to public benefit, Northeast Credit Union plays a significant role in supporting and improving the financial stability of individuals within its community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,914,846
  • Program Service Revenue: $75,602,259
  • Gross Receipts: $83,517,105

    • Assets and Liabilities:
  • Total Assets: $1,893,357,956
  • Total Liabilities: $1,723,859,902
  • Net Assets: $169,498,054
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INCOME

    Revenue

    $54,163,737

    OTHER INCOME

    Revenue

    $14,742,576

    TOTAL FEES INCOME

    Revenue

    $6,695,946

    Organization Details

    Founding Year

    1936

    Principal Officer

    Christopher G Parker

    Main Address

    PO BOX 1240, PORTSMOUTH, NH, 038021240

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Northeast Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.