THE PROMOTION OF THRIFT AMONG ITS MEMBERS BY THE ACCUMULATION OF THEIR SAVINGS AND THE LOANING OF SUCH SAVINGS BACK TO ITS MEMBERS AT A MODERATE RATE OF INTEREST. PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE INDIVIDUALS WHO QUALIFY FOR MEMBERSHIP. THE FIELD OF MEMBERSHIP IS DEFINED IN THE CREDIT UNION'S BYLAWS WITH A SIGNIFICANT CONCENTRATION OF MEMBERS RESIDING IN SOMERVILLE AND CAMBRIDGE, MASSACHUSETTS AND SURROUNDING COMMUNITIES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $484k
- Bonus
- $13k
- Other
- —
- Benefits
- $4k
- Base
- $184k
- Bonus
- $7k
- Other
- —
- Benefits
- $3k
- Base
- $190k
- Bonus
- $7k
- Other
- —
- Benefits
- $2k
- Base
- $137k
- Bonus
- $5k
- Other
- —
- Benefits
- $2k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ce Above 90th percentile | $484k | $13k | — | $4k | $513k $547k |
Svp/chief Le Officer (Unspecified) | $184k | $7k | — | $3k | $209k $223k |
CFO 75th to 90th percentile | $190k | $7k | — | $2k | $209k $223k |
VP Human Res Board Vice President Median to 75th percentile | $137k | $5k | — | $2k | $161k $172k |
VP of Operat Board Vice President Median to 75th percentile | — | — | — | — | $144k $154k |
AVP of Lendi Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $113k $121k |
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 8 unpaid individuals.
Up 88%
from 2023
From $273k in 2023 to $513k in 2024.
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.
Chief Executive Officer pay rose 88% from 2023 to 2024, while revenue rose 18%.
- Board Vice President pay rose 17% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
NAVEO CREDIT UNION reported revenue and expenses across 2 filing years.
Common questions about NAVEO CREDIT UNION
What does the Chief Executive Officer of NAVEO CREDIT UNION earn?
In 2024, the Chief Executive Officer of NAVEO CREDIT UNION received $512,858 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 NAVEO 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 NAVEO CREDIT UNION falls in the top 10%.
What are NAVEO CREDIT UNION's revenue and expenses?
In 2024, NAVEO CREDIT UNION reported $8.1M in total revenue and $8M in total expenses on its IRS Form 990.
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