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Filing year 2024

MASS BAY CREDIT UNION

South Boston, Massachusetts·EIN 04-1104060·14
Total revenue
$19.3M
Total assets
$354.2M
Total expenses
$17.6M
Reported officers
19
Mission

A FULL SERVICE FINANCIAL INSTITUTION THAT STRIVES TO PROVIDE THE HIGHEST LEVEL OF SERVICE AND PERSONAL ATTENTION TO ALL OF THEIR MEMBERS, WHILE CONTINUALLY TRYING TO EXPAND AND REFINE THEIR PRODUCTS AND SERVICE, OFFERING TO BEST MEET THEIR NEEDS, AT HIGHLY COMPETITIVE RATES AND UNSURPASSED VALUE.

Executive compensation, broken down

Form 990 · Schedule J · 19 reported individuals · Filing year 2024

$399k
$426k
Base
$343k
Bonus
Other
Benefits
$16k
Base
$191k
Bonus
Other
Benefits
$35k
Base
$192k
Bonus
Other
Benefits
$15k
Chairman
board chair
$384
$410
First Vice Chair
board chair
$384
$410
Second Vice Chair
board chair
$384
$410
Treasurer
officer (unspecified)
$384
$410
Assistant Treasurer
officer (unspecified)
$384
$410
Clerk
officer (unspecified)
$384
$410
Director
board member
$384
$410
Director
board member
$384
$410
Director
board member
$384
$410
Director
board member
$384
$410
Director
board member
$384
$410
Director
board member
$250
$267
Director
board member
$250
$267
Director
board member
$250
$267
Director
board member
$159
$170
Director
board member
$127
$136

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.

Up 6%
from 2023

From $376k in 2023 to $399k in 2024.

$376k
2023
$399k
2024
In today's dollarsEst.
Up 3% in real terms$415k to $426k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MASS BAY CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$16.5M
$14M
2023
$19.3M
$17.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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