Overview
What is Merrimack Valley Credit Union?
Merrimack Valley Credit Union is a member-owned financial institution based in Lawrence, Massachusetts, with an address at 500 Merrimack Street, 01843. It serves approximately 84,000 members and offers a wide range of loan and deposit products. The mission of this nonprofit is to provide value-added financial services, solutions, and excellent member service. With a team of 259 employees, Merrimack Valley Credit Union aims to partner with its community and members to offer various savings and loan solutions.
Official website here: www.mvcu.com
Is Merrimack Valley Credit Union legitimate?
Merrimack Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Merrimack Valley 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: $5,336,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,710,631
For more financial information, click here
Official website here: www.mvcu.com
What is the mission statement of Merrimack Valley Credit Union?
Merrimack Valley Credit Union is a member-owned financial institution dedicated to serving its community. Its mission is to offer value-added financial products, services, and solutions, all while delivering excellent member service. With a membership base of approximately 84,000 individuals, the credit union provides a wide range of loan and deposit products. Its primary goal is to partner with members to meet their financial needs effectively. The credit union's commitment to its members extends beyond basic financial services, ensuring a comprehensive and satisfying experience.
Official website here: www.mvcu.com
Who is the CEO of Merrimack Valley Credit Union?
John J Howard is the Principal Officer of Merrimack Valley Credit Union. The CEO's salary of Merrimack Valley Credit Union is $863,175 and their total compensation is $907,049.
Official website here: www.mvcu.com
What is the revenue of Merrimack Valley Credit Union?
Merrimack Valley Credit Union's revenue in 2022 was $47,044,968.
Official website here: www.mvcu.com
Who are the executives of Merrimack Valley Credit Union and what are their salaries?
The average compensation at Merrimack Valley Credit Union during 2022 was $58,097. There are 259 employees at Merrimack Valley Credit Union.
Here are 35 key members and their salaries (Merrimack Valley Credit Union's CEO's salary is $863,175 and their total compensation is $907,049):
- John Howard (President/Ceo)
- Michael Valley (Evp/Cfo & Coo)
- Brad Egan (Evp/Chief Lending Officer)
- Stephen Lynch (Svp / It)
- Yean-Ai Long (Svp Marketing)
- Dante Dimassa (Vp Residental Lending)
- Robert Piepenburg (Vp Commercial Lending)
- Anthony Marino (Svp / Organization Develop)
- Louis Serio (Vp It)
- John Mackenzie (Vp Finance)
- Tracy Mermet (Vp Human Resources)
- Christine Ronca (Vp Retail Operations)
- Robert Cabral (Vp Consumer Lending Manage)
- Theresa Hayes (Vp Online & Digital Channe)
- John Himmel (Vp Collections)
- Katie Lowery (Avp Mortage Lending Operations) [Trustee/Director]
- Stephanie Lee (Vp Operations)
- Anita Parker (Avp Bsa Officer)
- Annette Yee (Vp Project Development & C)
- Glenn Prezzano (Vp Corporate Communication & Community Relations) [Trustee/Director]
- Jennifer Gureckis (Vp Controller)
- Cherie Lisee (Vp Risk Management)
- Stephanie Sousa (Director)
- Mary K Briand (Director)
- David London (Assistant Treasurer) [Trustee/Director]
- Bernard Mulholland (1St Vice Chair) [Trustee/Director]
- Domenic Mazzocoo (Chairman) [Trustee/Director]
- Arthur O'Dea (2Nd Vice Chair) [Trustee/Director]
- Maureen Ronayne (Secretary) [Trustee/Director]
- Mukesh Dave (Treasurer) [Trustee/Director]
- Catherine Deburro (Director)
- Ronald Guilmette (Director)
- Peter A Mills (Director)
- Alexander Oski (Director)
- Leon Pratt Jr (Director)
Official website here: www.mvcu.com
Where can I find the form 990 for Merrimack Valley Credit Union?
The Merrimack Valley Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mvcu.com
Learn more at the official website: www.mvcu.com
Mission Statement of Merrimack Valley Credit Union
Merrimack Valley Credit Union, a member-owned financial institution, is dedicated to serving its community and partnering with members to provide value-added financial products, services, and solutions. With a mission to offer excellent member service, this credit union caters to approximately 84,000 members by providing a wide variety of loan and deposit products. By focusing on its commitment to its members and community, Merrimack Valley Credit Union aims to make a positive impact on the financial well-being of its clientele.
In pursuit of its mission, Merrimack Valley Credit Union offers a diverse range of financial solutions designed to meet the unique needs of its members. Through its wide selection of loan and deposit products, the credit union empowers individuals and families to achieve their financial goals. By prioritizing member satisfaction, Merrimack Valley Credit Union distinguishes itself as a trusted financial partner, ensuring that its offerings are tailored to the specific needs of its diverse membership base.
Moreover, Merrimack Valley Credit Union is dedicated to delivering excellent member service. By fostering a strong sense of community and partnership with its members, the credit union goes beyond the traditional role of a financial institution. In doing so, Merrimack Valley Credit Union provides a personalized and supportive approach to financial services, ensuring that its members receive the care and attention they deserve. Through its unwavering commitment to its mission, Merrimack Valley Credit Union continues to make a difference in the lives of its members, helping them navigate the complexities of personal finance with confidence and ease.
Impact
This information is meant to be a general summary of Merrimack Valley Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Merrimack Valley Credit Union, as a member-owned financial institution, has a significant impact on the community it serves. With approximately 84,000 members, the credit union offers a wide variety of loan and deposit products, helping individuals and families manage their finances effectively. By partnering with its members, Merrimack Valley Credit Union strives to provide value-added financial solutions and excellent member service, contributing to the financial well-being and stability of its community in Lawrence, MA.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST FEE
Revenue
$30,712,121
FEE INCOME
Revenue
$9,074,166
OTHER OPERATING INCOME
Revenue
$1,732,553
Organization Details
Founding Year
1955
Phone
(508) 279-2400
Principal Officer
John J Howard
Main Address
500 MERRIMACK STREET, LAWRENCE, MA, 01843
Website
www.mvcu.com
NTEE Category
Code: W60 - Public benefit
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