NonprofitsMassachusetts Credit Union Share Insurance Corporation

Massachusetts Credit Union Share Insurance Corporation

NEWTON, MA

Total revenue

$6.8M

Total expenses

$7.6M

Net assets

$60.3M

Grants received

EIN

042296410

Tax year

2023

Mission

To strengthen the credit union movement by providing excess share & deposit insurance and associated services for credit unions and their members.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$3.4M
Investment income$1.6M
Other revenue$1.9M
Total revenue$6.8M

Expenses

Grants paid
Salaries & benefits$2.3M
Fundraising
Other expenses$5.3M
Total expenses$7.6M
Total assets$97.4M
Net assets$60.3M

People

14 listed

NameRoleCompensation

MICHAEL C HANSON

PRESIDENT/CEO

Board

$943K

40 hrs/wk

JOHN CIAMPA

TREASURER

Board

$242K

40 hrs/wk

N ANTHONY ST PIERRE

VP OF TECHNOLOGY / SECURIT

Board

$169K

40 hrs/wk

ERIKA MORIN

DIRECTOR OF TRAINING AND MEMBER SERVICES

Board

$94K

40 hrs/wk

MICHAEL E MURPHY

DIRECTOR

Board

$7K

5 hrs/wk

THERESA DORILAS

DIRECTOR

Board

$7K

5 hrs/wk

NEIL CREAN

DIRECTOR

Board

$7K

5 hrs/wk

MATTHEW G SCHONDEK

DIRECTOR

Board

$6K

5 hrs/wk

DIANE M PERALTA

DIRECTOR

Board

$6K

5 hrs/wk

GREGORI A MARTUCCI

DIRECTOR

Board

$6K

5 hrs/wk

RICHARD N MITCHELL MD

DIRECTOR

Board

$5K

5 hrs/wk

GLENN S WELCH

DIRECTOR

Board

$4K

5 hrs/wk

GEORGE HARDIMAN

DIRECTOR

Board

$4K

5 hrs/wk

LAURA YBARRA

DIRECTOR

Board

5 hrs/wk

Independent contractors

CORINTHIAN EVENTS

EVENT PLANNING

$356K

K&L GATES LLP

LEGAL SERVICES

$128K

KEARNEY DONOVAN & MCGEE LLC

GOVERNMENTAL COUNSEL

$104K

Details

EIN042296410
Subsection06
Ruling date1997-10
Formed1961
Employees6
Volunteers0
MASSACHUSETTS CREDIT UNION SHARE INSURANCE CORPORATION — Mission, Financials & Grants Received | Grantivo