Skip to content
ProPublica Donate
ProPublica Donate

Merrimack Valley Credit Union

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Organization summary might be incomplete or out of date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.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$14.3M (2018)

Expenses
$14M (2018)

Total Assets
$379M (2018)

Total Liabilities
$344M (2018)

Source: Form 990 tax filings from 2011 to 2018

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.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,346,550
Expenses
$13,961,575
Net Income
$384,975
Net Assets
$34,972,955
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,522,417
87.3%
Investment Income $1,824,133
12.7%
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 $1,195,860
8.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,056,961
21.9%
Assets/Debt
Total Assets $378,936,415
Total Liabilities $343,963,460
Net Assets $34,972,955
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President/Ceo) $250,223 $0 $22,770
Brad Egan (Svp/Chief Lending Officer) $186,581 $0 $20,672
Michael Valley (Svp/Cfo & Treasurer) $181,809 $0 $11,535
Dante Dimassa (Director Of Residential Le) $131,852 $0 $14,500
Robert Cabral (Vp/Retail Banking) $109,860 $0 $5,256
Bruce Newton (Vp/Member Services) $105,842 $0 $4,023
John Himmel (Vp/Cons Lending/Collection) $103,541 $0 $18,273
Anne Creamer (Director) $0 $0 $33
Mary K Briand (Director) $0 $0 $3,176
Audrey Gallivan (Director) $0 $0 $9,057
Raymond Arabasz (Director) $0 $0 $4,555
David Thomas (Director) $0 $0 $1,491
Stephanie Sousa (Director) $0 $0 $4,090
David London (Director) $0 $0 $1,330
Bernard Mullholland (Director) $0 $0 $5,391

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,855,109
Expenses
$12,520,021
Net Income
$335,088
Net Assets
$35,253,667
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,496,325
89.4%
Investment Income $1,283,120
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $75,664
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,308,961
10.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,760,480
22.0%
Assets/Debt
Total Assets $356,962,189
Total Liabilities $321,708,522
Net Assets $35,253,667
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President/Ceo) $258,397 $0 $21,212
Brad Egan (Svp/Chief Lending Officer) $181,040 $0 $19,761
Michael Valley (Svp/Cfo & Treasurer) $165,446 $0 $10,219
Dante Dimassa (Director Of Residential Lending) $141,350 $0 $8,200
Robert Cabral (Vp/Retail Banking) $121,240 $0 $4,726
John Himmel (Vp/Cons Lending/Collection) $110,841 $0 $17,504
Sean Bessette (Vp/Tech & Ops) $106,077 $0 $12,583
Bruce Newton (Vp/Member Services) $102,674 $0 $277
Audrey Gallivan (Director) $0 $0 $10,984
Raymond Arabasz (Director) $0 $0 $4,155
David Thomas (Director) $0 $0 $366
Stephanie Sousa (Director) $0 $0 $4,554
David London (Director) $0 $0 $2,776
Bernard Mullholland (Director) $0 $0 $4,498
Anne Creamer (Director) $0 $0 $32
Mary K Briand (Director) $0 $0 $50

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,502,094
Expenses
$12,007,079
Net Income
$495,015
Net Assets
$35,241,109
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,456,996
91.6%
Investment Income $1,040,676
8.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,422
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,119,036
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,278,758
27.3%
Assets/Debt
Total Assets $346,272,891
Total Liabilities $311,031,782
Net Assets $35,241,109
Compensation
Key Employees and Officers Compensation Related Other
John Howard (President/Ceo) $250,000 $0 $18,055
Brad Egan (Vp/Lending) $177,295 $0 $15,256
Michael Valley (Vp/Treasurer) $132,422 $0 $7,848
Jim Bell (Vp/Information Tech (Former)) $120,630 $0 $4,951
John Himmel (Vp/Cons Lending/Collection) $107,558 $0 $17,064
Lisa Sparling (Vp/Human Resources (Former)) $107,050 $0 $16,703
Mark Campanale (Vp/Branch Admin) $104,739 $0 $11,825
Audrey Gallivan (Director) $0 $0 $10,296
Raymond Arabasz (Director) $0 $0 $3,895
David Thomas (Director) $0 $0 $378
Stephanie Sousa (Director) $0 $0 $4,300
David London (Director) $0 $0 $4,440
Bernard Mullholland (Director) $0 $0 $4,236
Anne Creamer (Director) $0 $0 $37
Mary K Briand (Director) $0 $0 $58

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,456,824
Expenses
$12,741,924
Net Income
-$285,100
Net Assets
$34,926,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,469,055
92.1%
Investment Income $925,983
7.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $61,786
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,246,468
17.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,996,288
23.5%
Assets/Debt
Total Assets $338,095,448
Total Liabilities $303,169,254
Net Assets $34,926,194
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Audrey Gallivan (Former President/Ceo) $1,226,217 $0 $18,696
John Howard (President/Ceo) $120,192 $0 $3,919
Jim Bell (Vp/Information Tech) $117,153 $0 $15,867
John Himmel (Vp/Cons Lending/Collection) $105,012 $0 $16,294
Brian Mcmahon (Comm. Bus. Devel. Officer) $99,010 $0 $3,432
Lisa Sparling (Vp/Human Resources) $95,914 $0 $12,270
Mark Campanale (Vp/Marketing) $94,527 $0 $15,873
Michael Valley (Vp/Treasurer) $81,679 $0 $2,484
Brad Egan (Vp/Lending) $47,731 $0 $0
Raymond Arabasz (Director) $0 $0 $3,984
David Thomas (Director) $0 $0 $384
Stephanie Sousa (Director) $0 $0 $5,379
David London (Director) $0 $0 $61
Bernard Mullholland (Director) $0 $0 $3,984
Brian Mccormick (Director) $0 $0 $4,001
Anne Creamer (Director) $0 $0 $44
Mary K Briand (Director) $0 $0 $48

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,942,428
Expenses
$12,106,212
Net Income
$836,216
Net Assets
$35,427,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,099,969
93.5%
Investment Income $753,025
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $89,434
0.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,470,972
12.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,978,343
24.6%
Assets/Debt
Total Assets $331,909,172
Total Liabilities $296,481,473
Net Assets $35,427,699
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Audrey Gallivan (President/Ceo And Director) $434,250 $0 $26,230
Dennis Kenney (Vp/Treasurer) $152,447 $0 $17,373
Kevin Burns (Vp/Mortgages) $119,824 $0 $7,721
Jim Bell (Vp/Information Tech) $119,800 $0 $18,488
John Himmel (Vp/Cons Lending/Collection) $108,210 $0 $18,650
Brian Mcmahon (Comm. Bus. Devel. Officer) $107,449 $0 $14,017
David Wolohojian (Vp/Branch Administration) $98,971 $0 $15,582
Mark Campanale (Vp/Marketing) $90,159 $0 $17,659
Patty Munger (Vp/Human Resources) $65,491 $0 $7,880
Lisa Sparling (Vp/Human Resources) $15,135 $0 $0
Raymond Arabasz (Director) $0 $0 $4,017
David Thomas (Director) $0 $0 $2,990
Stephanie Sousa (Director) $0 $0 $4,160
David London (Director) $0 $0 $77
Bernard Mullholland (Director) $0 $0 $77
Brian Mccormick (Director) $0 $0 $4,160
Anne Creamer (Director) $0 $0 $77
Mary K Briand (Director) $0 $0 $77

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,725,621
Expenses
$12,662,424
Net Income
$1,063,197
Net Assets
$34,467,953
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,086,096
95.3%
Investment Income $639,525
4.7%
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 $1,619,264
12.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,788,897
22.0%
Assets/Debt
Total Assets $332,820,982
Total Liabilities $298,353,029
Net Assets $34,467,953
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Audrey Phinney (President/Ceo And Director) $393,680 $0 $20,151
Dennis Kenney (Vp/Treasurer) $145,635 $0 $17,608
Linda Bracket (Mortgage Originator) $119,602 $0 $14,062
Jim Bell (Vp/Information Tech) $114,053 $0 $17,753
Kevin Burns (Vp/Mortgages) $110,398 $0 $7,270
John Himmel (Vp/Cons Lending/Collection) $100,745 $0 $17,765
Donna Haley (Mortgage Originator) $100,601 $0 $5,691
Brian Mcmahon (Comm. Bus. Devel. Officer) $96,509 $0 $13,359
David Wolohojian (Vp/Branch Administration) $94,997 $0 $17,425
Patty Munger (Vp/Human Resources) $87,773 $0 $8,109
Mark Campanale (Vp/Marketing) $85,018 $0 $15,156
Raymond Arabasz (Director) $0 $0 $3,904
David Thomas (Director) $0 $0 $3,904
Stephanie Sousa (Director) $0 $0 $3,904
David London (Director) $0 $0 $0
Bernard Mullholland (Director) $0 $0 $96
Brian Mccormick (Director) $0 $0 $3,904
Anne Creamer (Director) $0 $0 $96
Lisa Stratton (Director) $0 $0 $96

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,621,420
Expenses
$13,402,424
Net Income
$2,218,996
Net Assets
$34,033,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,900,752
95.4%
Investment Income $760,732
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$40,064
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,574,148
11.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,601,719
19.4%
Assets/Debt
Total Assets $334,013,374
Total Liabilities $299,980,307
Net Assets $34,033,067

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,952,237
Expenses
$14,184,936
Net Income
$1,767,301
Net Assets
$31,800,131
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,119,126
94.8%
Investment Income $833,111
5.2%
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 $2,246,405
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,511,795
10.7%
Assets/Debt
Total Assets $329,886,894
Total Liabilities $298,086,763
Net Assets $31,800,131

Document Links

Fiscal Year Ending Dec.
2010

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

Fiscal Year Ending Dec.
2009

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

Fiscal Year Ending June
2009

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

Fiscal Year Ending Dec.
2008

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

Fiscal Year Ending June
2008

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

Fiscal Year Ending Dec.
2007

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

Fiscal Year Ending June
2007

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

Fiscal Year Ending Dec.
2006

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

Fiscal Year Ending Dec.
2005

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

Fiscal Year Ending Dec.
2004

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

Fiscal Year Ending Dec.
2003

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

Fiscal Year Ending Dec.
2002

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

Fiscal Year Ending Dec.
2001

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

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 »