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Liberty Bay Credit Union

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

EIN: 041896000 ✦ Braintree, MA ✦ Designated as a 501(c)(14)

Overview

What is Liberty Bay Credit Union?

Liberty Bay Credit Union, located at 300 Granite Street in Braintree, Massachusetts (02184), is a credit union committed to acting as a responsible and relevant financial partner for its members, employees, and the communities it serves. With a team of 92 dedicated individuals, its mission is to offer an array of financial services.


Official website here: www.libertybaycu.org

Is Liberty Bay Credit Union legitimate?

Liberty Bay Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Liberty Bay 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: $3,907,036
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,828,263

For more financial information, click here


Official website here: www.libertybaycu.org

What is the mission statement of Liberty Bay Credit Union?

Liberty Bay Credit Union is committed to serving as a reliable financial partner to its members and employees. The credit union's mission is geared towards being responsible and relevant in its financial dealings. It aims to build strong relationships with the communities it serves, going beyond just offering financial services. The credit union's dedication extends beyond its members, reaching out to the communities it is a part of, fostering financial stability and growth. It strives to make a positive impact on people's lives by providing them with the financial tools they need to thrive.


Official website here: www.libertybaycu.org

Who is the CEO of Liberty Bay Credit Union?

George Kelly is the Director of Liberty Bay Credit Union. The CEO's salary of Liberty Bay Credit Union is $534,854 and their total compensation is $576,811.


Official website here: www.libertybaycu.org

What is the revenue of Liberty Bay Credit Union?

Liberty Bay Credit Union's revenue in 2022 was $27,516,942.


Official website here: www.libertybaycu.org

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

The average compensation at Liberty Bay Credit Union during 2022 was $94,949. There are 92 employees and 10 volunteers at Liberty Bay Credit Union.

Here are 26 key members and their salaries (Liberty Bay Credit Union's CEO's salary is $534,854 and their total compensation is $576,811):

    John Parillo (President & Ceo)
  • Compensation: $659,606
  • Related: $0
  • Other: $41,957

    • M Lyndon Matteson Iii (Former President / Ceo)
  • Compensation: $534,854
  • Related: $0
  • Other: $41,957

    • Paola Ferrara (Mortgage Loan Officer)
  • Compensation: $226,593
  • Related: $0
  • Other: $50,691

    • Frederick Williams (Svp And Cfo)
  • Compensation: $221,452
  • Related: $0
  • Other: $50,864

    • George Kelly (Svp & Chief Strategy Offic)
  • Compensation: $220,620
  • Related: $0
  • Other: $50,781

    • Katherine Peila (Svp & Chief Admin Officer)
  • Compensation: $231,163
  • Related: $0
  • Other: $35,782

    • Paul Gravellese (Svp & Chief Lending Offic)
  • Compensation: $220,620
  • Related: $0
  • Other: $40,203

    • Joseph Bears (Svp & Chief Information Officier)
  • Compensation: $205,567
  • Related: $0
  • Other: $50,024

    • Stephen Fulchini (Svp, Information Technolog)
  • Compensation: $183,834
  • Related: $0
  • Other: $30,451

    • Stephen Hile (Mortage Loan Officier)
  • Compensation: $177,883
  • Related: $0
  • Other: $34,557

    • James Dowling (Controller)
  • Compensation: $154,477
  • Related: $0
  • Other: $43,569

    • Marguerite Murphy (Vp Mortgage)
  • Compensation: $150,397
  • Related: $0
  • Other: $28,570

    • Donna Warner (Vp Retail Services)
  • Compensation: $143,537
  • Related: $0
  • Other: $27,884

    • Peter Lincoln (Chairman) [Trustee/Director]
  • Compensation: $24,000
  • Related: $0
  • Other: $51

    • Sean Cashman (Secretary) [Trustee/Director]
  • Compensation: $12,000
  • Related: $0
  • Other: $204

    • Robert B Foley Jr (Treasurer) [Trustee/Director]
  • Compensation: $12,000
  • Related: $0
  • Other: $133

    • Patrick J Foley (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $204

    • Edward Mccolgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $82

    • Thomas J Flynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $82

    • Edward R Foley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $82

    • Gerard Burm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51

    • Eugene Leahy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51

    • Stephen J Kelley Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51

    • William T Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51

    • Michael F Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51

    • Robert J Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $51


  • Official website here: www.libertybaycu.org

    Where can I find the form 990 for Liberty Bay Credit Union?

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


    Official website here: www.libertybaycu.org

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

    Mission Statement of Liberty Bay Credit Union

    Liberty Bay Credit Union, a responsible and relevant financial partner, is dedicated to serving its members, employees, and communities. The mission of this financial institution is to make a positive impact on people's lives by offering essential financial services.

    Liberty Bay Credit Union prides itself on being more than just a financial institution. It is a trusted partner that prioritizes the needs and well-being of its members and employees, as well as the communities it serves. By providing a range of financial services, the credit union creates opportunities for individuals to improve their financial situation and build a better future.

    The credit union operates under the belief that everyone deserves access to reliable and affordable financial services. In fulfilling this belief, it offers various financial products and services tailored to meet the diverse needs of its members. As a result, Liberty Bay Credit Union has become an essential resource for many, empowering them to take control of their financial lives and achieve their financial goals.

    In summary, Liberty Bay Credit Union is a mission-driven financial institution that exists to cater to the financial needs of its members, employees, and communities. It strives to make a difference in people's lives by offering essential financial services and acting as a trusted and reliable partner.

    Impact

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




    Thursday, August 15, 2024

    Liberty Bay Credit Union has a significant impact on the community by providing essential financial services to its members, employees, and the surrounding communities. Through its commitment to being a responsible and relevant financial partner, Liberty Bay Credit Union plays a crucial role in supporting the financial well-being of individuals and businesses in Braintree, Massachusetts. Its dedication to delivering high-quality services and fostering financial stability contributes positively to the economic growth and prosperity of the region. Overall, Liberty Bay Credit Union's impact can be observed in its meaningful contribution to enhancing the financial health and resilience of the community it serves.





    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: $2,732,911
  • Program Service Revenue: $24,784,031
  • Gross Receipts: $27,838,090

    • Assets and Liabilities:
  • Total Assets: $743,994,815
  • Total Liabilities: $649,945,563
  • Net Assets: $94,049,252
  • Programs

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

    LOAN INTEREST

    Revenue

    $20,365,925

    FEES ON ACCOUNTS

    Revenue

    $2,385,896

    EMPLOYEE RETENTION CREDIT

    Revenue

    $1,603,843

    MISCELLANEOUS INCOME

    Revenue

    $428,367

    Organization Details

    Founding Year

    1917

    Principal Officer

    George Kelly

    Main Address

    300 GRANITE STREET, BRAINTREE, MA, 02184

    NTEE Category

    Code: W61Z - Public benefit

    If you are a representative of Liberty Bay 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.