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Filing year 2024

MASS BAY CREDIT UNION

South Boston, Massachusetts·EIN 04-1104060·501(c)(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 · Part VII & Schedule J · 19 reported individuals · Filing year 2024

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

President & CEO
Above 90th percentile
$399k
$426k
Base
$343k
Bonus
Other
Benefits
$16k
COO
75th to 90th percentile
$255k
$272k
Base
$191k
Bonus
Other
Benefits
$35k
CFO
75th to 90th percentile
$234k
$250k
Base
$192k
Bonus
Other
Benefits
$15k
Chairman
Board Chair
Below 10th percentile
$384
$410
First Vice Chair
Board Chair
Below 10th percentile
$384
$410
Second Vice Chair
Board Chair
Below 10th percentile
$384
$410
Treasurer
Officer (Unspecified)
$384
$410
Assistant Treasurer
Officer (Unspecified)
$384
$410
Clerk
Officer (Unspecified)
$384
$410
Director
Board Member
Below 10th percentile
$384
$410
Director
Board Member
Below 10th percentile
$384
$410
Director
Board Member
Below 10th percentile
$384
$410
Director
Board Member
Below 10th percentile
$384
$410
Director
Board Member
Below 10th percentile
$384
$410
Director
Board Member
Below 10th percentile
$250
$267
Director
Board Member
Below 10th percentile
$250
$267
Director
Board Member
Below 10th percentile
$250
$267
Director
Board Member
Below 10th percentile
$159
$170
Director
Board Member
Below 10th percentile
$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.

Pay for the position

Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue rose 17%.

$376k in 2023 to $399k in 2024.
  • Chief Operating Officer pay rose 13% from 2023 to 2024.
  • Chief Financial Officer pay rose 6% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about MASS BAY CREDIT UNION

What does the Chief Executive Officer of MASS BAY CREDIT UNION earn?

In 2024, the Chief Executive Officer of MASS BAY CREDIT UNION received $399,308 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 MASS BAY CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MASS BAY CREDIT UNION falls in the top 10%.

What are MASS BAY CREDIT UNION's revenue and expenses?

In 2024, MASS BAY CREDIT UNION reported $19.3M in total revenue and $17.6M in total expenses on its IRS Form 990.

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