Mission
TO SERVE OUR COMMUNITY AND PARTNER WITH OUR MEMBERS TO OFFER VALUE ADDED FINANCIAL PRODUCTS, SERVICES, SOLUTIONS AND EXCELLENT MEMBER SERVICE.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 44 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
$910k
$1M
- Base
- $683k
- Bonus
- $186k
- Other
- —
- Benefits
- $18k
$599k
$660k
- Base
- $444k
- Bonus
- $114k
- Other
- —
- Benefits
- $18k
$531k
$585k
- Base
- $384k
- Bonus
- $114k
- Other
- —
- Benefits
- $10k
SVP / Information Technology
Senior Vice President
75th to 90th percentile
$403k
$443k
- Base
- $302k
- Bonus
- $60k
- Other
- —
- Benefits
- $18k
SVP Marketing
Senior Vice President
Median to 75th percentile
$310k
$341k
- Base
- $242k
- Bonus
- $35k
- Other
- —
- Benefits
- $18k
Strategic Advisor
Officer (Unspecified)
$300k
$330k
- Base
- $289k
- Bonus
- —
- Other
- —
- Benefits
- $6k
SVP Residential Lending
Senior Vice President
Median to 75th percentile
$289k
$318k
- Base
- $213k
- Bonus
- $40k
- Other
- —
- Benefits
- $18k
SVP Organizational Development
Senior Vice President
Median to 75th percentile
$259k
$286k
- Base
- $210k
- Bonus
- $30k
- Other
- —
- Benefits
- $2k
VP Finance
Vice President
Above 90th percentile
$255k
$281k
- Base
- $188k
- Bonus
- $35k
- Other
- —
- Benefits
- $17k
VP Commercial Lending
Vice President
Above 90th percentile
$252k
$277k
- Base
- $203k
- Bonus
- $27k
- Other
- —
- Benefits
- $5k
VP Online and Digital Channels
Vice President
Above 90th percentile
$243k
$267k
- Base
- $164k
- Bonus
- $40k
- Other
- —
- Benefits
- $25k
SVP Operations
Senior Vice President
Median to 75th percentile
$240k
$265k
- Base
- $192k
- Bonus
- $30k
- Other
- —
- Benefits
- $3k
VP Human Resources
Vice President
75th to 90th percentile
$240k
$264k
- Base
- $178k
- Bonus
- $30k
- Other
- —
- Benefits
- $17k
VP IT
Vice President
75th to 90th percentile
$238k
$263k
- Base
- $190k
- Bonus
- $30k
- Other
- —
- Benefits
- $3k
$227k
$250k
- Base
- $211k
- Bonus
- —
- Other
- —
- Benefits
- $6k
AVP Mortgage Lending Operations
Officer (Unspecified)
$215k
$237k
- Base
- $178k
- Bonus
- $15k
- Other
- —
- Benefits
- $9k
Mortgage Loan Originator (outside)
Officer (Unspecified)
$213k
$234k
- Base
- $154k
- Bonus
- $22k
- Other
- —
- Benefits
- $24k
VP / Risk Management
Vice President
75th to 90th percentile
$210k
$232k
- Base
- $165k
- Bonus
- $30k
- Other
- —
- Benefits
- $1k
VP Consumer Lending Manager
Vice President
75th to 90th percentile
$203k
$224k
- Base
- $167k
- Bonus
- $21k
- Other
- —
- Benefits
- $2k
VP Operations
Vice President
75th to 90th percentile
$198k
$218k
- Base
- $157k
- Bonus
- $19k
- Other
- —
- Benefits
- $9k
VP Collections
Vice President
75th to 90th percentile
$192k
$211k
- Base
- $146k
- Bonus
- $18k
- Other
- —
- Benefits
- $17k
VP Corporate Communication & Community Relations
Vice President
75th to 90th percentile
$189k
$208k
- Base
- $161k
- Bonus
- $15k
- Other
- —
- Benefits
- $1k
VP Project Development & Cra Officer
Vice President
75th to 90th percentile
$185k
$204k
- Base
- $141k
- Bonus
- $17k
- Other
- —
- Benefits
- $17k
AVP Bsa/fraud Manager
Officer (Unspecified)
$170k
$188k
- Base
- $131k
- Bonus
- $5k
- Other
- —
- Benefits
- $25k
AVP Alm, Planning & Budgeting
Officer (Unspecified)
$166k
$183k
- Base
- $141k
- Bonus
- —
- Other
- —
- Benefits
- $17k
SVP Digital Channels
Senior Vice President
25th percentile to median
$165k
$182k
- Base
- $145k
- Bonus
- —
- Other
- —
- Benefits
- $10k
Avp, Accounting Manager
Accounting Manager
75th to 90th percentile
$165k
$181k
- Base
- $126k
- Bonus
- $5k
- Other
- —
- Benefits
- $25k
AVP Collections
Officer (Unspecified)
$156k
$171k
- Base
- $132k
- Bonus
- $12k
- Other
- —
- Benefits
- $1k
AVP Compliance
Officer (Unspecified)
$155k
$170k
- Base
- $138k
- Bonus
- $3k
- Other
- —
- Benefits
- $5k
AVP Member Support
Officer (Unspecified)
$151k
$166k
- Base
- $118k
- Bonus
- $15k
- Other
- —
- Benefits
- $9k
VP Information Security
Vice President
75th to 90th percentile
$134k
$147k
SVP Loan Administration
Senior Vice President
25th percentile to median
$129k
$142k
VP Depoist Operations
Vice President
Median to 75th percentile
$126k
$138k
VP Community & Member Engagement
Vice President
Median to 75th percentile
$125k
$137k
VP Member Experience
Vice President
Median to 75th percentile
$115k
$127k
AVP Technology Applications & Automation
Officer (Unspecified)
$106k
$117k
VP Commerical Ledning Officer
Vice President
Median to 75th percentile
$103k
$113k
VP Seg, Member Growth & Development
Vice President
Median to 75th percentile
$99k
$109k
VP General Counsel
Vice President
Median to 75th percentile
$92k
$101k
VP Marketing
Vice President
Median to 75th percentile
$79k
$87k
Director
Board Member
25th percentile to median
$11k
$12k
Director
Board Member
25th percentile to median
$8k
$9k
Assistant Treasurer
Officer (Unspecified)
$7k
$8k
1st Vice Chairman
Board Chair
25th percentile to median
$6k
$7k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President / CEO Above 90th percentile | $683k | $186k | — | $18k | $910k $1M |
EVP / Chief Lending Officer Above 90th percentile | $444k | $114k | — | $18k | $599k $660k |
Evp/ CFO & COO Above 90th percentile | $384k | $114k | — | $10k | $531k $585k |
SVP / Information Technology Senior Vice President 75th to 90th percentile | $302k | $60k | — | $18k | $403k $443k |
SVP Marketing Senior Vice President Median to 75th percentile | $242k | $35k | — | $18k | $310k $341k |
Strategic Advisor Officer (Unspecified) | $289k | — | — | $6k | $300k $330k |
SVP Residential Lending Senior Vice President Median to 75th percentile | $213k | $40k | — | $18k | $289k $318k |
SVP Organizational Development Senior Vice President Median to 75th percentile | $210k | $30k | — | $2k | $259k $286k |
VP Finance Vice President Above 90th percentile | $188k | $35k | — | $17k | $255k $281k |
VP Commercial Lending Vice President Above 90th percentile | $203k | $27k | — | $5k | $252k $277k |
VP Online and Digital Channels Vice President Above 90th percentile | $164k | $40k | — | $25k | $243k $267k |
SVP Operations Senior Vice President Median to 75th percentile | $192k | $30k | — | $3k | $240k $265k |
VP Human Resources Vice President 75th to 90th percentile | $178k | $30k | — | $17k | $240k $264k |
VP IT Vice President 75th to 90th percentile | $190k | $30k | — | $3k | $238k $263k |
Evp, Chief Retail Officer & Chief People Officer 75th to 90th percentile | $211k | — | — | $6k | $227k $250k |
AVP Mortgage Lending Operations Officer (Unspecified) | $178k | $15k | — | $9k | $215k $237k |
Mortgage Loan Originator (outside) Officer (Unspecified) | $154k | $22k | — | $24k | $213k $234k |
VP / Risk Management Vice President 75th to 90th percentile | $165k | $30k | — | $1k | $210k $232k |
VP Consumer Lending Manager Vice President 75th to 90th percentile | $167k | $21k | — | $2k | $203k $224k |
VP Operations Vice President 75th to 90th percentile | $157k | $19k | — | $9k | $198k $218k |
VP Collections Vice President 75th to 90th percentile | $146k | $18k | — | $17k | $192k $211k |
VP Corporate Communication & Community Relations Vice President 75th to 90th percentile | $161k | $15k | — | $1k | $189k $208k |
VP Project Development & Cra Officer Vice President 75th to 90th percentile | $141k | $17k | — | $17k | $185k $204k |
AVP Bsa/fraud Manager Officer (Unspecified) | $131k | $5k | — | $25k | $170k $188k |
AVP Alm, Planning & Budgeting Officer (Unspecified) | $141k | — | — | $17k | $166k $183k |
SVP Digital Channels Senior Vice President 25th percentile to median | $145k | — | — | $10k | $165k $182k |
Avp, Accounting Manager Accounting Manager 75th to 90th percentile | $126k | $5k | — | $25k | $165k $181k |
AVP Collections Officer (Unspecified) | $132k | $12k | — | $1k | $156k $171k |
AVP Compliance Officer (Unspecified) | $138k | $3k | — | $5k | $155k $170k |
AVP Member Support Officer (Unspecified) | $118k | $15k | — | $9k | $151k $166k |
VP Information Security Vice President 75th to 90th percentile | — | — | — | — | $134k $147k |
SVP Loan Administration Senior Vice President 25th percentile to median | — | — | — | — | $129k $142k |
VP Depoist Operations Vice President Median to 75th percentile | — | — | — | — | $126k $138k |
VP Community & Member Engagement Vice President Median to 75th percentile | — | — | — | — | $125k $137k |
VP Member Experience Vice President Median to 75th percentile | — | — | — | — | $115k $127k |
AVP Technology Applications & Automation Officer (Unspecified) | — | — | — | — | $106k $117k |
VP Commerical Ledning Officer Vice President Median to 75th percentile | — | — | — | — | $103k $113k |
VP Seg, Member Growth & Development Vice President Median to 75th percentile | — | — | — | — | $99k $109k |
VP General Counsel Vice President Median to 75th percentile | — | — | — | — | $92k $101k |
VP Marketing Vice President Median to 75th percentile | — | — | — | — | $79k $87k |
Director Board Member 25th percentile to median | — | — | — | — | $11k $12k |
Director Board Member 25th percentile to median | — | — | — | — | $8k $9k |
Assistant Treasurer Officer (Unspecified) | — | — | — | — | $7k $8k |
1st Vice Chairman Board Chair 25th percentile to median | — | — | — | — | $6k $7k |
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 22 unpaid individuals.
FAQ
Common questions about MERRIMACK VALLEY CREDIT UNION
What does the Chief Executive Officer of MERRIMACK VALLEY CREDIT UNION earn?
In 2023, the Chief Executive Officer of MERRIMACK VALLEY CREDIT UNION received $909,534 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 MERRIMACK VALLEY 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 MERRIMACK VALLEY CREDIT UNION falls in the top 10%.
What are MERRIMACK VALLEY CREDIT UNION's revenue and expenses?
In 2023, MERRIMACK VALLEY CREDIT UNION reported $91.4M in total revenue and $82.9M in total expenses on its IRS Form 990.
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