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Filing year 2023

HARVARD FEDERAL CREDIT UNION

Cambridge, Massachusetts·EIN 04-6017806·501(c)(14)
Total revenue
$24.9M
Total assets
$0
Total expenses
$24.8M
Reported officers
24
Mission

HARVARD FEDERAL CREDIT UNION F/K/A HARVARD UNIVERSITY EMPLOYEE CREDIT UNION ASPIRES TO BE A TRUSTED PARTNER IN OUR MEMBERS' FINANCIAL LIVES. WE ADD VALUE TO MEMBERSHIP BY OFFERING THE BEST POSSIBLE PRICE, THE HIGHEST QUALITY PERSONAL SERVICE, AND SINCERE, SOUND ADVICE.THE CREDIT UNION SEEKS TO BE KNOWN AS A COMMUNITY LEADER AND TO DEEPEN ITS LONG STANDING COMMITMENT TO HOUSING ISSUES, GREEN INITIATIVES, FINANCIAL LITERACY AND ACCESS TO CREDIT FOR LOW AND MODERATE INCOME BORROWERS. THE CREDIT UNION WORKS TOWARD TRANSFORMATIONAL GROWTH AND CHANGE WITHOUT RELINQUISHING THE CORE VALUES WE HOLD TODAY. WE ARE A NOT-FOR-PROFIT COOPERATIVE WHICH EXISTS SOLELY FOR THE BEST INTEREST OF OUR MEMBERS. WE VALUE INTEGRITY AND RESPONSIBILITY IN ALL OF OUR ACTIONS. WE STRIVE TO ENHANCE OUR COMMUNITIES AND CREATE SOLUTIONS FOR SOCIAL, ENVIRONMENTAL AND ECONOMIC ISSUES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$651k
$717k
Base
$450k
Bonus
$106k
Other
Benefits
$23k
EVP & Chief Experience Off
Executive Vice President
75th to 90th percentile
$402k
$442k
Base
$280k
Bonus
$66k
Other
Benefits
$21k
Svp, Operations
Senior Vice President
Median to 75th percentile
$331k
$365k
Base
$240k
Bonus
$43k
Other
Benefits
$19k
Svp, Chief Financial Officer
Above 90th percentile
$313k
$345k
Base
$225k
Bonus
$41k
Other
Benefits
$20k
Mortgage Loan Originator
Highest Compensated Employee
75th to 90th percentile
$242k
$266k
Base
$216k
Bonus
Other
Benefits
$18k
Vp, Education & Consumer Lending
Board Vice President
75th to 90th percentile
$223k
$245k
Base
$162k
Bonus
$23k
Other
Benefits
$18k
Mortgage Loan Originator
Highest Compensated Employee
Median to 75th percentile
$218k
$240k
Base
$191k
Bonus
Other
Benefits
$19k
Mortgage Loan Originator
Highest Compensated Employee
Median to 75th percentile
$213k
$235k
Base
$155k
Bonus
$22k
Other
Benefits
$18k
Mortgage Loan Originator
Highest Compensated Employee
Median to 75th percentile
$189k
$208k
Base
$165k
Bonus
Other
Benefits
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

FAQ

Common questions about HARVARD FEDERAL CREDIT UNION

What does the Chief Executive Officer of HARVARD FEDERAL CREDIT UNION earn?

In 2023, the Chief Executive Officer of HARVARD FEDERAL CREDIT UNION received $651,070 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HARVARD FEDERAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at HARVARD FEDERAL CREDIT UNION falls in the top 10%.

What are HARVARD FEDERAL CREDIT UNION's revenue and expenses?

In 2023, HARVARD FEDERAL CREDIT UNION reported $24.9M in total revenue and $24.8M in total expenses on its IRS Form 990.

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