Nonprofit · EIN 04-1695745
METRO CREDIT UNION
Tax-exempt · CHELSEA, MA 02150
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $173,359,884 | $166,107,473 | $7,252,411 | $3,440,032,348 | $3,164,194,252 | $275,838,096 |
| December 31, 2023 | 990 | $149,461,871 | $134,522,388 | $14,939,483 | $3,414,191,630 | $3,157,759,150 | $256,432,480 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $156,368,323
- Investment income
- $14,730,944
- Net gain from sales of assets
- $1,084,325
- Other revenue
- $2,260,617
Expenses
- Grants and similar amounts paid
- $322,106
- Compensation of officers, directors and key employees
- $4,004,992
- Other salaries and wages
- $22,281,062
- Salaries, compensation and benefits (total)
- $34,431,358
- Professional fundraising fees
- $0
- Legal fees
- $304,421
- Accounting fees
- $504,575
- Occupancy
- $5,785,357
- Travel
- $142,844
- Depreciation
- $577,255
Balance sheet and other
- Total assets, start of year
- $3,414,191,630
- Total assets, end of year
- $3,440,032,348
- Total liabilities, end of year
- $3,164,194,252
- Net assets, end of year
- $275,838,096
- Land, buildings and equipment
- $32,798,763
- Publicly traded securities
- $193,308,030
- Gross unrelated business income
- $212,221
- Gross receipts
- $248,842,064
- Employees
- 400
- Volunteers
- 10
- Year formed
- 1926
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT M CASHMAN | PRESIDENT/CEO/DIRECTOR Trustee or director, Officer | 40 | $1,585,056 | $63,264 |
| TRACI MICHEL | SVP/COO & CSO Key employee | 40 | $466,859 | $38,048 |
| KEVIN MALONE | SVP SENIOR COMMERICIAL LENDER Key employee | 40 | $358,492 | $32,764 |
| MARIA A JUSTINIANO | SVP LENDING Key employee | 40 | $310,479 | $36,856 |
| ERIC GILLILAND | VP COMMERCIAL RELATIONSHIP MANAGER Highest-paid employee | 40 | $284,191 | $30,591 |
| LAWRENCE STANDFORD | SVP/CFO Key employee | 40 | $302,457 | $9,536 |
| AMYLYNN MOODY | CHIEF PEOPLE OFFICER Key employee | 40 | $295,199 | $13,217 |
| CHARLENE BAUER | SVP MEMBER EXPERIENCE Key employee | 40 | $265,569 | $27,993 |
| KIM MONAHAN | CREDIT RISK & PORTFOLIO MANAGEMENT Highest-paid employee | 40 | $233,812 | $33,052 |
| JAMES HERNDON | SVP HUMAN RESOURCES Key employee | 40 | $230,792 | $29,997 |
| LUCAS ROSS | AVP MORTGAGE OPERATIONS Highest-paid employee | 40 | $212,712 | $31,914 |
| SHAUNA GLAZEBROOK | VP MORTGAGE OPERATIONS Highest-paid employee | 40 | $210,407 | $11,142 |
| JASON TRUONG | VP COMMERCIAL RELATIONSHIP MANAGER Highest-paid employee | 40 | $196,482 | $9,731 |
| MONICA SANTOS | SVP/CHIEF MARKETING (AS OF 6/2024) Key employee | 40 | $190,089 | $5,885 |
| DAVID HOLZMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARNOLD S BAER | DIRECTOR/ASSISTANT CLERK Trustee or director, Officer | 2 | $0 |
| BION FOSTER | DIRECTOR Trustee or director | 2 | $0 |
| JOSEPH ZANG | DIRECTOR (ENDED 8/2024) Trustee or director | 2 | $0 |
| DONNA LEE | DIRECTOR Trustee or director | 2 | $0 |
| JOHN IMBERGAMO | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| PETER HARRIS | DIRECTOR/TREASURER Trustee or director, Officer | 2 | $0 |
| PAUL M GULKO | DIRECTOR/CLERK Trustee or director, Officer | 2 | $0 |
| MARK SMOLLER | DIRECTOR/CHAIRMAN Trustee or director, Officer | 2 | $0 |
| ADAM FRANK | DIRECTOR Trustee or director | 2 | $0 |
| MARTA ROSA | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT M CASHMAN | PRESIDENT/CEO/DIRECTOR Trustee or director, Officer | 40 | $1,173,494 | $50,464 |
| TRACI MICHEL | SVP/COO & CSO Key employee | 40 | $415,712 | $35,890 |
| KEVIN MALONE | SVP SENIOR COMMERICIAL LENDER Key employee | 40 | $332,790 | $30,869 |
| ERIC GILLILAND | VP COMMERCIAL RELATIONSHIP MANAGER Highest-paid employee | 40 | $304,082 | $34,523 |
| MARIA A JUSTINIANO | SVP LENDING Key employee | 40 | $286,140 | $34,213 |
| MARIE O'NEILL | SVP ENGAGEMENT, EXPERIENCE Key employee | 40 | $262,613 | $26,586 |
| CHARLENE BAUER | SVP OUTREACH, ADVOCACY & CDO Key employee | 40 | $241,575 | $26,156 |
| KIM MONAHAN | CREDIT RISK & PORTFOLIO MANAGEMENT Highest-paid employee | 40 | $232,875 | $31,540 |
| ERIK PORTER | CFO (ENDED 6/2023) Key employee | 40 | $239,868 | $15,751 |
| AMY MOODY | CHIEF PEOPLE OFFICER Key employee | 40 | $242,677 | $5,100 |
| JAMES HERNDON | SVP HUMAN RESOURCES Key employee | 40 | $200,300 | $29,786 |
| SHAUNA GLAZEBROOK | VP MORTGAGE OPERATIONS Highest-paid employee | 40 | $206,964 | $10,963 |
| JASON TRUONG | VP COMMERCIAL RELATIONSHIP MANAGER Highest-paid employee | 40 | $191,179 | $9,494 |
| DEBORAH FRANK | MORTGAGE ORIGINATOR Highest-paid employee | 40 | $183,681 | $9,396 |
| DAVID HOLZMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ARNOLD S BAER | DIRECTOR/ASSISTANT CLERK Trustee or director, Officer | 2 | $0 | $0 |
| BION FOSTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSEPH ZANG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DONNA LEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN IMBERGAMO | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PETER HARRIS | DIRECTOR/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PAUL M GULKO | DIRECTOR/CLERK Trustee or director, Officer | 2 | $0 | $0 |
| MARK SMOLLER | DIRECTOR/CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ADAM FRANK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARTA ROSA | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 REVERE BEACH PKWY, CHELSEA, MA 02150-1608
- In care of
- % ERIK M PORTER
- Principal officer (990 for 2024)
- ROBERT M CASHMAN, 200 REVERE BEACH PARKWAY, CHELSEA, MA 02150
- Signed the 990
- DIANA CORDEIRO, INTERIM CFO
- Phone
- (877) 696-3876
- Website
- WWW.METROCU.ORG
- Return prepared by
- WOLF & COMPANY PC
Mission
SEE SCHEDULE O
Program accomplishments
- METRO CREDIT UNION PROVIDES LOAN AND DEPOSIT PRODUCTS TO MEMBERS THAT ASSIST THEM IN MEETING THEIR FINANCIAL NEEDS. AS OF 12/31/2024, METRO CREDIT UNION HAS NET LOANS OF $2,939 MILLION AND SHARE DEPOSITS OF $2,714 MILLION.
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 | Not 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
- 04-1695745
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,440,032,348
- Income (IRS master file)
- $248,842,064
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $173,359,884 | $166,107,473 | $3,440,032,348 | XML |
| 990 | December 2023 | $149,461,871 | $134,522,388 | $3,414,191,630 | XML |
| 990 | December 2022 | $114,336,853 | $83,937,696 | $3,156,507,565 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-1695745).
Questions about METRO CREDIT UNION
- What is the EIN of METRO CREDIT UNION?
- The employer identification number (EIN) of METRO CREDIT UNION is 04-1695745.
- Is METRO CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1948.
- Are donations to METRO CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does METRO 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 METRO CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METRO CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of METRO CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ROBERT M CASHMAN.
- Who are the officers and directors of METRO CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 25 people; 14 received compensation from the organization, the highest $1,585,056 (ROBERT M CASHMAN, PRESIDENT/CEO/DIRECTOR).
- How much revenue does METRO CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $173,359,884, expenses of $166,107,473 and total assets of $3,440,032,348 at year end.
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