Skip to content
ProPublica Donate
ProPublica Donate

Merrimack Valley Credit Union

  • Lawrence, MA
  • EIN: 04-2206928

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$91.4M (2023)

Expenses
$82.9M (2023)

Total Assets
$2.24B (2023)

Total Liabilities
$2.06B (2023)

Source: Form 990 tax filings from 2019 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$91,376,330
Expenses
$82,880,906
Net Income
$8,495,424
Net Assets
$182,924,908
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $75,728,753
82.9%
Investment Income $15,647,577
17.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,166,294
11.1%
Professional Fundraising Fees $0
Other Salaries and Wages $17,972,578
21.7%
Assets/Debt
Total Assets $2,243,805,340
Total Liabilities $2,060,880,432
Net Assets $182,924,908
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President / Ceo) $868,780 $0 $40,754
Bradford Egan (Evp / Chief Lending Officer) $558,165 $0 $40,754
Michael Valley (Evp/ Cfo & Coo) $498,150 $0 $32,808
Stephen Lynch (Svp / Information Technology) $361,818 $0 $40,754
Richard Wright (Strategic Advisor) $289,419 $0 $10,241
Yean Ai Long (Svp Marketing) $276,551 $0 $33,430
Dante Dimassa (Svp Residential Lending) $253,316 $0 $35,232
Anthony Marino (Svp Organizational Development) $240,374 $0 $18,982
Robert Piepenburg (Vp Commercial Lending) $230,308 $0 $21,448
John Mackenzie (Vp Finance) $222,563 $0 $32,933
Christine Ronca (Svp Operations) $221,963 $0 $18,209
Louis Serio (Vp It) $219,860 $0 $18,608
Nicole James (Evp, Chief Retail Officer & Chief People Officer) $210,974 $0 $15,657
Tracy Mermet (Vp Human Resources) $208,337 $0 $31,215
Theresa Hayes (Vp Online And Digital Channels) $204,048 $0 $38,751
Anita Parker (Vp / Risk Management) $195,251 $0 $15,125
Katie Lowery (Avp Mortgage Lending Operations) $192,725 $0 $22,451
Robert Cabral (Vp Consumer Lending Manager) $188,025 $0 $15,112
Stephanie Lee (Vp Operations) $176,301 $0 $21,347
Paul Carriere (Mortgage Loan Originator (Outside)) $175,936 $0 $36,566
Glenn Prezzano (Vp Corporate Communication & Community Relations) $175,162 $0 $13,399
John Himmel (Vp Collections) $163,185 $0 $28,596
Annette Yee (Vp Project Development & Cra Officer) $157,274 $0 $28,152
Christopher White (Svp Digital Channels) $145,077 $0 $20,373
Megha Singh (Avp Collections) $144,314 $0 $11,279
See filing for compensation of 41 other people →
+ View more people

Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,044,968
Expenses
$40,390,557
Net Income
$6,654,411
Net Assets
$76,987,643
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,518,840
88.3%
Investment Income $5,558,049
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$31,921
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,336,427
13.2%
Professional Fundraising Fees $0
Other Salaries and Wages $9,710,631
24.0%
Assets/Debt
Total Assets $1,350,910,772
Total Liabilities $1,273,923,129
Net Assets $76,987,643
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President/Ceo) $863,175 $0 $43,874
Michael Valley (Evp/Cfo & Coo) $375,202 $0 $29,725
Brad Egan (Evp/Chief Lending Officer) $306,996 $0 $37,053
Stephen Lynch (Svp / It) $275,028 $0 $29,526
Yean Ai Long (Svp Marketing) $248,994 $0 $30,003
Dante Dimassa (Vp Residental Lending) $244,348 $0 $32,195
Anthony Marino (Svp / Organization Develop) $221,425 $0 $17,572
Robert Piepenburg (Vp Commercial Lending) $217,886 $0 $37,081
Louis Serio (Vp It) $202,802 $0 $16,828
Christine Ronca (Vp Retail Operations) $191,156 $0 $15,130
John Mackenzie (Vp Finance) $187,981 $0 $28,077
Tracy Mermet (Vp Human Resources) $180,629 $0 $28,068
Robert Cabral (Vp Consumer Lending Manage) $171,390 $0 $13,698
Katie Lowery (Avp Mortage Lending Operations) $162,891 $0 $18,614
Anita Parker (Avp Bsa Officer) $160,657 $0 $12,544
Stephanie Lee (Vp Operations) $157,067 $0 $18,746
John Himmel (Vp Collections) $156,777 $0 $25,731
Theresa Hayes (Vp Online & Digital Channe) $155,339 $0 $28,570
Annette Yee (Vp Project Development & C) $145,013 $0 $24,819
Glenn Prezzano (Vp Corporate Communication & Community Relations) $110,140 $0 $5,691
Jennifer Gureckis (Vp Controller) $67,847 $0 $12,842
Cherie Lisee (Vp Risk Management) $46,909 $0 $8,226
Domenic Mazzocoo (Chairman) $0 $0 $0
Arthur O'dea (2 Nd Vice Chair) $0 $0 $0
Maureen Ronayne (Secretary) $0 $0 $0
See filing for compensation of 10 other people →
+ View more people

Document Links

990
Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,120,021
Expenses
$39,001,674
Net Income
$3,118,347
Net Assets
$106,570,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,614,385
89.3%
Investment Income $4,448,801
10.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $56,835
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,973,817
10.2%
Professional Fundraising Fees $0
Other Salaries and Wages $8,960,522
23.0%
Assets/Debt
Total Assets $1,277,963,779
Total Liabilities $1,171,392,901
Net Assets $106,570,878
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President/Ceo) $540,158 $0 $42,851
Brad Egan (Evp/Chief Lending Officer) $285,742 $0 $35,605
Michael Valley (Evp/Cfo & Coo) $266,194 $0 $27,200
Dante Dimassa (Vp Residental Lending) $203,100 $0 $29,247
Yean Ai Long (Svp Marketing) $186,177 $0 $34,513
Robert Piepenburg (Vp Commercial Lending) $178,603 $0 $33,341
Anthony Marino (Svp / Organization Develop) $177,228 $0 $14,431
Christine Ronca (Vp Retail Operations) $164,092 $0 $13,957
Cherie Lisee (Vp Risk Management) $164,070 $0 $14,618
John Mackenzie (Vp Finance) $159,267 $0 $26,492
Louis Serio (Vp It) $156,293 $0 $11,166
Theresa Hayes (Vp Online & Digital Channe) $152,522 $0 $22,989
Tracy Mermet (Vp Human Resources) $148,114 $0 $31,377
Robert Cabral (Vp Consumer Lending Manage) $146,256 $0 $12,639
John Himmel (Vp Collections) $130,382 $0 $23,842
Annette Yee (Vp Project Development & Cra Officer) $123,285 $0 $23,231
Anita Parker (Avp Bsa Officer) $119,287 $0 $9,468
Stephanie Lee (Vp Operations) $105,798 $0 $11,803
Jennifer Gureckis (Vp Controller) $99,232 $0 $17,558
Domenic Mazzocoo (Chairman) $0 $0 $0
Arthur O'dea (2 Nd Vice Chair) $0 $0 $0
Maureen Ronayne (Secretary) $0 $0 $0
Mukesh Dave (Treasurer) $0 $0 $0
Catherine Deburro (Director) $0 $0 $0
Ronald Guilmette (Director) $0 $0 $0
See filing for compensation of 13 other people →
+ View more people

Document Links

990
Filed on May 25, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,165,109
Expenses
$44,139,851
Net Income
$1,025,258
Net Assets
$111,179,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,908,034
86.1%
Investment Income $5,452,022
12.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $805,053
1.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,627,037
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $9,704,307
22.0%
Assets/Debt
Total Assets $1,248,774,526
Total Liabilities $1,137,594,965
Net Assets $111,179,561
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President/Ceo) $530,074 $0 $56,035
Michael Valley (Evp/Cfo & Coo) $239,520 $0 $25,310
Brad Egan (Evp/Chief Lending Officer) $220,408 $0 $31,188
Laura Wante (Svp Human Rescources) $203,315 $0 $7,746
Michael Pliskaner (Svp / It) $183,573 $0 $15,755
Yean Ai Long (Svp Marketing) $182,492 $0 $34,640
Anthony Marino (Svp / Organization Development) $178,234 $0 $15,376
Dante Dimassa (Vp Residental Lending) $176,808 $0 $27,432
Christine Ronca (Vp Retail Operations) $153,963 $0 $13,018
John Mackenzie (Vp Finance) $149,855 $0 $24,694
Robert Cabral (Vp Consumer Lending Manager) $142,319 $0 $10,341
Tracy Mermet (Vp Human Resources) $136,901 $0 $31,411
Louis Serio (Vp It) $136,746 $0 $11,670
John Himmel (Vp Collections) $129,170 $0 $29,820
Cherie Lisee (Vp Risk Management) $122,712 $0 $8,510
Theresa Hayes (Vp Online & Digital Channels) $117,483 $0 $22,998
Robert Piepenburg (Vp Commercial Lending) $111,155 $0 $5,860
Bruce Newton (Vp Call Center Manager) $53,321 $0 $2,511
Jan White (Vp Controller) $36,726 $0 $8,299
Domenic Mazzocoo (Chairman) $0 $0 $0
Arthur O'dea (2 Nd Vice Chair) $0 $0 $0
Maureen Ronayne (Secretary) $0 $0 $0
Mukesh Dave (Treasurer) $0 $0 $0
Catherine Deburro (Director) $0 $0 $0
Ronald Guilmette (Director) $0 $0 $0
See filing for compensation of 10 other people →
+ View more people

Document Links

990
Filed on Nov. 12, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,166,834
Expenses
$38,298,954
Net Income
$3,867,880
Net Assets
$104,325,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,959,824
82.9%
Investment Income $7,207,010
17.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,495,692
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $8,130,674
21.2%
Assets/Debt
Total Assets $1,074,575,376
Total Liabilities $970,250,139
Net Assets $104,325,237
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President / Ceo) $392,870 $0 $33,574
Peter Matthews (Retired President/Ceo) $351,477 $0 $14,059
Michael Valley (Evp/Cfo & Coo) $276,084 $0 $18,446
Laura Wante (Svp Human Resources) $242,555 $0 $13,698
Brad Egan (Evp/Chief Lending Officer) $222,565 $0 $20,469
Dante Dimassa (Vp Residential Lending) $183,997 $0 $19,859
Jan White (Vp Controller) $174,069 $0 $28,095
Yean Ai Long (Svp Marketing) $172,439 $0 $10,642
Michael Pliskaner (Vp It) $168,567 $0 $10,615
Anthony Marino (Svp Retail Operations) $163,121 $0 $10,421
Robert Cabral (Vp Consumer Lending Manager) $144,062 $0 $6,831
John Mackenzie (Vp Finance) $140,379 $0 $17,983
Christine Ronca (Vp Retail Operations) $139,700 $0 $9,153
Tracy Mermet (Vp Human Resources) $121,097 $0 $25,789
Bruce Newton (Vp Call Center Manager) $112,190 $0 $4,219
John Himmel (Vp Collections) $94,725 $0 $22,358
Michael Farren (Svp Lending Development) $81,180 $0 $11,232
Domenic Mazzocoo (Chairman) $0 $0 $0
Arthur O'dea (2 Nd Vice Chair) $0 $0 $0
Maureen Ronayne (Secretary) $0 $0 $0
Dave Mukesh (Treasurer) $0 $0 $0
Catherine Deburro (Director) $0 $0 $0
Ronald Guilmette (Director) $0 $0 $0
Augustine Longo Jr (Director) $0 $0 $0
Peter A Mills (Director) $0 $0 $0
See filing for compensation of 8 other people →
+ View more people

Document Links

990
Filed on Jan. 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated