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Filing year 2024

SACO VALLEY CREDIT UNION

Saco, Maine·EIN 01-0203515·501(c)(14)
Total revenue
$9.7M
Total assets
$182.7M
Total expenses
$8.4M
Reported officers
11
Mission

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 4 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
$313k
$338k
Base
$248k
Bonus
$13k
Other
Benefits
$42k
Chief Financial Officer
Median to 75th percentile
$165k
$178k
Base
$129k
Bonus
$7k
Other
Benefits
$23k
Chief Lending Officer
Highest Compensated Employee
25th percentile to median
$137k
$148k
VP of Marketing and Digital Services
Board Vice President
25th percentile to median
$124k
$134k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 12%
from 2023

From $280k in 2023 to $313k in 2024.

$280k
2023
$313k
2024
In today's dollarsEst.
Up 8% in real terms$313k to $338k

Estimated with BLS CPI-U for the Northeast region, 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 12% from 2023 to 2024, while revenue rose 18%.

$280k in 2023 to $313k in 2024.
  • Highest Compensated Employee pay rose 9% 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

SACO VALLEY CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$8.2M
$6.6M
2023
$9.7M
$8.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SACO VALLEY CREDIT UNION

What does the Chief Executive Officer of SACO VALLEY CREDIT UNION earn?

In 2024, the Chief Executive Officer of SACO VALLEY CREDIT UNION received $312,815 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 SACO VALLEY 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 SACO VALLEY CREDIT UNION falls in the top 10%.

What are SACO VALLEY CREDIT UNION's revenue and expenses?

In 2024, SACO VALLEY CREDIT UNION reported $9.7M in total revenue and $8.4M in total expenses on its IRS Form 990.

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