Nonprofit · EIN 04-1801520
ST JEANS CREDIT UNION
Tax-exempt · SALEM, MA 01970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $19,627,882 | $18,154,230 | $1,473,652 | $378,499,429 | $344,846,321 | $33,653,108 |
| December 31, 2024 | 990 | $19,422,313 | $17,730,468 | $1,691,845 | $378,327,787 | $347,252,944 | $31,074,843 |
| December 31, 2023 | 990 | $17,647,270 | $15,245,944 | $2,401,326 | $367,484,676 | $337,592,441 | $29,892,235 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,783,099
- Investment income
- $2,712,931
- Net rental income
- $75,211
- Net gain from sales of assets
- $7,074
- Other revenue
- $1,131,852
Expenses
- Grants and similar amounts paid
- $90,698
- Compensation of officers, directors and key employees
- $1,200,679
- Other salaries and wages
- $3,623,134
- Salaries, compensation and benefits (total)
- $6,448,074
- Professional fundraising fees
- $0
- Legal fees
- $4,500
- Accounting fees
- $107,100
- Occupancy
- $983,921
- Travel
- $16,600
- Depreciation
- $486,747
Balance sheet and other
- Total assets, start of year
- $378,327,787
- Total assets, end of year
- $378,499,429
- Total liabilities, end of year
- $344,846,321
- Net assets, end of year
- $33,653,108
- Land, buildings and equipment
- $7,373,790
- Publicly traded securities
- $44,515,678
- Gross unrelated business income
- $38,167
- Gross receipts
- $19,627,882
- Employees
- 87
- Volunteers
- 9
- Year formed
- 1910
- 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 |
|---|---|---|---|---|
| C DAVID SURFACE | PRESIDENT/CEO Trustee or director, Officer | 40 | $840,889 | $84,504 |
| KATHLEEN DONAHUE | EXECUTIVE VICE PRESIDENT Key employee | 40 | $195,200 | $46,866 |
| CHRISTOPHER NARDONE | CHIEF LENDING OFFICER Highest-paid employee | 40 | $176,800 | $54,233 |
| STEPHEN PEDRO | CFO Key employee | 40 | $164,590 | $48,083 |
| KATHRYN MACDONALD | VP OF COMPLIANCE Highest-paid employee | 40 | $136,750 | $28,797 |
| NICOLE COKOROGIANIS | VP IT Highest-paid employee | 40 | $134,911 | $28,601 |
| ALINE PAVAO | DIR OF HUMAN RESOURCES Highest-paid employee | 40 | $116,493 | $34,239 |
| JOHN KINGSTON | VP OF BUSINESS DEVELOPMENT Highest-paid employee | 40 | $122,350 | $12,755 |
| IRA NOVOSELSKY | TREASURER/CLERK/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| LAWRENCE RAUSCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEPHEN SALVO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVEN WALSH | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| PAUL AMIRAULT | 1ST VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| TIMOTHY SHEA | 2ND VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JOY LIVRAMENTO-BRYANT | DIRECTOR Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE ANZUONI | DIRECTOR Trustee or director | 2 | $0 |
| ALEJANDRA KOUGH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| C David Surface | President/CEO Trustee or director, Officer | 40 | $411,130 | $42,136 |
| Kathleen Donahue | Executive Vice President Key employee | 40 | $182,907 | $38,886 |
| Stephen Pedro | CFO Key employee | 40 | $160,980 | $35,942 |
| James Metcalf | VP Consumer Lending Highest-paid employee | 40 | $147,700 | $22,555 |
| Christopher Nardone | Chief Lending Officer Highest-paid employee | 40 | $136,520 | $32,372 |
| Aline PAvao | Dir of Human Resources Highest-paid employee | 40 | $129,500 | $32,078 |
| Kathryn MacDonald | VP of Compliance Highest-paid employee | 40 | $131,240 | $25,077 |
| Nicole Cokorogianis | VP IT Highest-paid employee | 40 | $133,499 | $19,968 |
| Ira Novoselsky | Treasurer/Clerk/director Trustee or director, Officer | 2 | $0 | $0 |
| Lawrence Rausch | Director Trustee or director | 2 | $0 | $0 |
| Cheryl Webster | Director Trustee or director | 2 | $0 | $0 |
| Stephen Salvo | Director Trustee or director | 2 | $0 | $0 |
| Steven Walsh | Chairman Trustee or director, Officer | 4 | $0 | $0 |
| Paul Amirault | 1st Vice Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Timothy Shea | 2nd Vice Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Shawn Newton | Director Trustee or director | 2 | $0 | $0 |
| Joy Livramento-Bryant | Director Trustee or director | 2 | $0 | $0 |
| George Anzuoni | Director Trustee or director | 2 | $0 | $0 |
| Alejandra Kough | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| C DAVID SURFACE | PRESIDENT/CEO Trustee or director, Officer | 40 | $417,425 | $48,823 |
| KATHLEEN DONAHUE | EXECUTIVE VICE PRESIDENT Key employee | 40 | $175,140 | $33,916 |
| STEPHEN PEDRO | CFO Key employee | 40 | $155,250 | $34,831 |
| CHRISTOPHER NARDONE | VP OF REAL ESTATE LENDING Highest-paid employee | 40 | $131,250 | $30,794 |
| JAMES METCALF | VP CONSUMER LENDING Highest-paid employee | 40 | $142,500 | $18,096 |
| NICOLE COKOROGIANIS | VP IT Highest-paid employee | 40 | $134,250 | $23,864 |
| KATHRYN MACDONALD | VP OF COMPLIANCE Highest-paid employee | 40 | $126,650 | $25,232 |
| ALINE PAVAO | DIR OF HUMAN RESOURCES Highest-paid employee | 40 | $121,250 | $29,974 |
| IRA NOVOSELSKY | TREASURER/CLERK/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| LAWRENCE RAUSCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHERYL CROUNSE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEPHEN SALVO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVEN WALSH | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| PAUL AMIRAULT | 1ST VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| TIMOTHY SHEA | 2ND VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| SHAWN NEWTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOY LIVRAMENTO-BRYANT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGE ANZUONI | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 370 HIGHLAND AVE, SALEM, MA 01970-1744
- In care of
- % STEPHEN PEDRO CFO
- Principal officer (990 for 2025)
- C DAVID SURFACE, 370 HIGHLAND AVENUE, SALEM, MA 01970
- Signed the 990
- C DAVID SURFACE, PRESIDENT & CEO
- Phone
- (781) 592-5420
- Website
- WWW.STJEANSCU.COM
- Return prepared by
- WOLF & COMPANY PC
Mission
ST. JEAN'S CREDIT UNION (THE "CREDIT UNION") IS A STATE-CHARTERED CREDIT UNION. ITS PRIMARY BUSINESS IS THE ACCEPTANCE OF DEPOSITS AND THE MAKING OF LOANS TO MEMBERS WHO LIVE OR WORK IN IN THE ESSEX, MIDDLESEX, AND SUFFOLK COUNTIES OF THE COMMONWEALTH OF MASSACHUSETTS, RETIREES OF THE CITY OF REVERE & THE TOWN OF WINTHROP, MASSACHUSETTS, THE EMPLOYEES OF H.P. HOOD LLC, AND MEMBERS' IMMEDIATE FAMILY, DEFINED AS SPOUSE, SON, DAUGHTER, MOTHER, FATHER, SISTER, OR BROTHER.
Program accomplishments
- THE MAINTENANCE OF MEMBER ACCOUNTS AND PAYMENT OF DIVIDENDS THEREON. THE CREDIT UNION MAINTAINS 33,990 MEMBER ACCOUNTS AS OF THE CALENDAR YEAR-END.
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
- 04-1801520
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1935
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $378,499,429
- Income (IRS master file)
- $19,627,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $19,627,882 | $18,154,230 | $378,499,429 | XML |
| 990 | December 2024 | $19,422,313 | $17,730,468 | $378,327,787 | XML |
| 990 | December 2023 | $17,647,270 | $15,245,944 | $367,484,676 | XML |
| 990 | December 2022 | $12,416,891 | $10,382,805 | $334,286,442 | 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 04-1801520).
Questions about ST JEANS CREDIT UNION
- What is the EIN of ST JEANS CREDIT UNION?
- The employer identification number (EIN) of ST JEANS CREDIT UNION is 04-1801520.
- Is ST JEANS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1935.
- Are donations to ST JEANS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ST JEANS 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 ST JEANS 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 ST JEANS 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 ST JEANS CREDIT UNION?
- The 990 for the year ended December 31, 2025 names C DAVID SURFACE.
- Who are the officers and directors of ST JEANS CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 17 people; 8 received compensation from the organization, the highest $840,889 (C DAVID SURFACE, PRESIDENT/CEO).
- How much revenue does ST JEANS CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $19,627,882, expenses of $18,154,230 and total assets of $378,499,429 at year end.
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