Nonprofit · EIN 04-1104060
MASS BAY CREDIT UNION
Tax-exempt · SOUTH BOSTON, MA 02127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $19,241,311 | $17,105,978 | $2,135,333 | $367,122,630 | $328,761,380 | $38,361,250 |
| December 31, 2024 | 990 | $19,306,715 | $17,599,264 | $1,707,451 | $354,220,720 | $319,962,561 | $34,258,159 |
| December 31, 2023 | 990 | $16,486,383 | $13,978,307 | $2,508,076 | $349,698,007 | $316,837,559 | $32,860,448 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,873,383
- Investment income
- $1,367,928
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $928,643
- Salaries, compensation and benefits (total)
- $5,368,817
- Professional fundraising fees
- $0
- Legal fees
- $120,000
- Accounting fees
- $135,050
- Occupancy
- $1,161,062
- Depreciation
- $431,497
Balance sheet and other
- Total assets, start of year
- $354,220,720
- Total assets, end of year
- $367,122,630
- Total liabilities, end of year
- $328,761,380
- Net assets, end of year
- $38,361,250
- Land, buildings and equipment
- $4,069,599
- Publicly traded securities
- $24,025,725
- Gross receipts
- $19,241,311
- Employees
- 65
- Volunteers
- 13
- Year formed
- 1936
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA DORILAS | PRESIDENT & CEO Officer | 40 | $365,818 | $55,108 |
| KELLI CULLEN | COO Officer | 40 | $204,027 | $62,680 |
| ANTHONY BONOMO | CFO Officer | 40 | $197,581 | $38,921 |
| JEREMIAH P AHERN | CHAIRMAN OF BOARD Trustee or director, Officer | 1 | $0 | $384 |
| WILLIAM VIETZE | FIRST VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $384 |
| BRIAN P DWYER | TREASURER Trustee or director, Officer | 1 | $0 | $384 |
| MICHAEL T BUGGY | CLERK Trustee or director, Officer | 1 | $0 | $384 |
| KRISHAUNNA BAPTISTE | DIRECTOR Trustee or director | 1 | $0 | $384 |
| KELLEY DURGIN | DIRECTOR Trustee or director | 1 | $0 | $384 |
| JAMES G FLAHERTY | DIRECTOR Trustee or director | 1 | $0 | $384 |
| JOHN KINEAVY | DIRECTOR Trustee or director | 1 | $0 | $384 |
| DARREN MCAULIFFE | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $362 |
| KIMBERLY A KENNEDY | SECOND VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $339 |
| MICHAEL E KEELEY | DIRECTOR Trustee or director | 1 | $0 | $250 |
| JOSEPH N MOSCA | DIRECTOR Trustee or director | 1 | $0 | $250 |
1 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAUREEN A COLLINS | DIRECTOR Trustee or director | 1 | $0 | $235 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA DORILAS | PRESIDENT & CEO Officer | 40 | $343,458 | $55,850 |
| KELLI CULLEN | COO Officer | 40 | $191,282 | $63,989 |
| ANTHONY BONOMO | CFO Officer | 40 | $191,755 | $42,109 |
| JOHN KINEAVY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $384 |
| MICHAEL T BUGGY | FIRST VICE CHAIR Trustee or director, Officer | 1 | $0 | $384 |
| WILLIAM VIETZE | SECOND VICE CHAIR Trustee or director, Officer | 1 | $0 | $384 |
| JEREMIAH P AHERN | TREASURER Trustee or director, Officer | 1 | $0 | $384 |
| KIMBERLY A KENNEDY | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $384 |
| DARREN MCAULIFFE | CLERK Trustee or director, Officer | 1 | $0 | $384 |
| KRISHAUNNA BAPTISTE | DIRECTOR Trustee or director | 1 | $0 | $384 |
| BRIAN P DWYER | DIRECTOR Trustee or director | 1 | $0 | $384 |
| JAMES G FLAHERTY | DIRECTOR Trustee or director | 1 | $0 | $384 |
| DARRYL GREEN | DIRECTOR Trustee or director | 1 | $0 | $384 |
| FRANK MURRAY | DIRECTOR Trustee or director | 1 | $0 | $384 |
| MAUREEN A COLLINS | DIRECTOR Trustee or director | 1 | $0 | $250 |
| MICHAEL E KEELEY | DIRECTOR Trustee or director | 1 | $0 | $250 |
| JOSEPH N MOSCA | DIRECTOR Trustee or director | 1 | $0 | $250 |
| KELLEY DURGIN | DIRECTOR Trustee or director | 1 | $0 | $159 |
| ADAM ELIAS | DIRECTOR Trustee or director | 1 | $0 | $127 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA DORILAS | PRESIDENT & CEO Officer | 40 | $307,905 | $68,465 |
| KELLI CULLEN | COO Officer | 40 | $167,943 | $57,343 |
| ANTHONY BONOMO | CFO Officer | 40 | $179,507 | $40,318 |
| JOHN KINEAVY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $384 |
| MICHAEL T BUGGY | FIRST VICE CHAIR Trustee or director, Officer | 1 | $0 | $384 |
| WILLIAM VIETZE | SECOND VICE CHAIR Trustee or director, Officer | 1 | $0 | $384 |
| JEREMIAH P AHERN | TREASURER Trustee or director, Officer | 1 | $0 | $384 |
| KIMBERLY A KENNEDY | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $384 |
| DARREN MCAULIFFE | CLERK Trustee or director, Officer | 1 | $0 | $384 |
| BRIAN P DWYER | DIRECTOR Trustee or director | 1 | $0 | $384 |
| ADAM S ELIAS | DIRECTOR Trustee or director | 1 | $0 | $384 |
| JAMES G FLAHERTY | DIRECTOR Trustee or director | 1 | $0 | $384 |
| FRANK MURRAY | DIRECTOR Trustee or director | 1 | $0 | $384 |
| JOSEPH N MOSCA | DIRECTOR Trustee or director | 1 | $0 | $350 |
| MICHAEL E KEELEY | DIRECTOR Trustee or director | 1 | $0 | $261 |
| MAUREEN A COLLINS | DIRECTOR Trustee or director | 1 | $0 | $250 |
| KRISHAUNNA BAPTISTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARRYL GREEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 147 W 4TH ST, SOUTH BOSTON, MA 02127-1815
- Principal officer (990 for 2025)
- THERESA DORILAS, 147 WEST FOURTH STREET, SOUTH BOSTON, MA 02127
- Signed the 990
- THERESA DORILAS, CEO
- Phone
- (617) 269-2700
- Website
- WWW.MASSBAYCU.ORG
- Return prepared by
- GERALD T REILLY & COMPANY
Mission
A FULL SERVICE FINANCIAL INSTITUTION THAT STRIVES TO PROVIDE THE HIGHEST LEVEL OF SERVICE AND PERSONAL ATTENTION TO ALL OF THEIR MEMBERS, WHILE CONTINUALLY TRYING TO EXPAND AND REFINE THEIR PRODUCTS AND SERVICE, OFFERING TO BEST MEET THEIR NEEDS, AT HIGHLY COMPETITIVE RATES AND UNSURPASSED VALUE.
Program accomplishments
- TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS BY PROVIDING ACCESS TO LOANS AND ACCEPT DEPOSITS. AS OF 12/31/25 $306,724,174 OF LOANS WERE DUE FROM MEMBERS AND $253,680,568 OF DEPOSITS WERE RECEIVED FROM MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1104060
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $367,122,630
- Income (IRS master file)
- $19,241,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $19,241,311 | $17,105,978 | $367,122,630 | XML |
| 990 | December 2024 | $19,306,715 | $17,599,264 | $354,220,720 | IRS |
| 990 | December 2023 | $16,486,383 | $13,978,307 | $349,698,007 | XML |
| 990 | December 2022 | $13,969,003 | $9,769,261 | $324,262,478 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1104060).
Questions about MASS BAY CREDIT UNION
- What is the EIN of MASS BAY CREDIT UNION?
- The employer identification number (EIN) of MASS BAY CREDIT UNION is 04-1104060.
- Is MASS BAY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14).
- Which annual return does MASS BAY CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASS BAY CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASS BAY CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MASS BAY CREDIT UNION?
- The 990 for the year ended December 31, 2025 names THERESA DORILAS.
- Who are the officers and directors of MASS BAY CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 16 people; 3 received compensation from the organization, the highest $365,818 (THERESA DORILAS, PRESIDENT & CEO).
- How much revenue does MASS BAY CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $19,241,311, expenses of $17,105,978 and total assets of $367,122,630 at year end.
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