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Filing year 2024

NAVEO CREDIT UNION COCC

Somerville, Massachusetts·EIN 04-1144988·14
Total revenue
$8.1M
Total assets
$171.3M
Total expenses
$8M
Reported officers
14
Mission

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 · Schedule J · 6 reported individuals · Filing year 2024

$513k
$547k
Base
$484k
Bonus
$13k
Other
Benefits
$4k
Svp/chief Le
officer (unspecified)
$209k
$223k
Base
$184k
Bonus
$7k
Other
Benefits
$3k
Base
$190k
Bonus
$7k
Other
Benefits
$2k
VP Human Res
vice president
$161k
$172k
Base
$137k
Bonus
$5k
Other
Benefits
$2k
VP of Operat
vice president
$144k
$154k
AVP of Lendi
highest compensated employee
$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.

$273k
2023
$513k
2024
In today's dollarsEst.
Up 82% in real terms$301k to $547k

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

NAVEO CREDIT UNION COCC reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.8M
$6.5M
2023
$8.1M
$8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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