Nonprofit · EIN 04-2039851
MEMBERS PLUS CREDIT UNION
Tax-exempt · MEDFORD, MA 02155
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $16,109,735 | $16,319,534 | -$209,799 | $340,951,677 | $319,790,382 | $21,161,295 |
| December 31, 2024 | 990 | $11,923,332 | $18,040,472 | -$6,117,140 | $322,079,822 | $305,553,430 | $16,526,392 |
| December 31, 2023 | 990 | $13,472,577 | $14,716,142 | -$1,243,565 | $364,571,667 | $347,762,431 | $16,809,236 |
| December 31, 2022 | 990 | $11,966,084 | $11,203,906 | $762,178 | $340,150,584 | $324,488,517 | $15,662,067 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,966,414
- Investment income
- $14,143,321
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $6,154,209
- Compensation of officers, directors and key employees
- $222,000
- Other salaries and wages
- $3,403,657
- Salaries, compensation and benefits (total)
- $4,668,406
- Professional fundraising fees
- $0
- Legal fees
- $27,847
- Accounting fees
- $212,250
- Occupancy
- $811,292
- Travel
- $36,295
- Depreciation
- $155,556
Balance sheet and other
- Total assets, start of year
- $326,123,016
- Total assets, end of year
- $340,951,677
- Total liabilities, end of year
- $319,790,382
- Net assets, end of year
- $21,161,295
- Land, buildings and equipment
- $6,772,381
- Publicly traded securities
- $92,801,708
- Gross receipts
- $16,109,735
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1940
- 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 |
|---|---|---|---|
| JOHN MURPHY | CEO Officer | 40 | $222,000 |
| JAMES MANNING | DIRECTOR Trustee or director | 40 | $0 |
| WILLIAM CARR | DIRECTOR Trustee or director | 0 | $0 |
| DANIEL HURLEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MICHAEL MALONEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MARK WISNES | CLERK Trustee or director | 0 | $0 |
| CRAIG PINKHAM | CHAIRMAN Trustee or director | 0 | $0 |
| PATRICK CARNEY | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL NEE | TREASURER Trustee or director | 0 | $0 |
| THOMAS ROCHE | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT SENIER | DIRECTOR Trustee or director | 0 | $0 |
| TIM SULLIVAN | DIRECTOR Trustee or director | 0 | $0 |
| RICHARD HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| CRAIG CONNOLLY | DIRECTOR Trustee or director | 0 | $0 |
| TERRANCE FOLEY | DIRECTOR Trustee or director | 0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL WILBERTON | CFO Officer | 40 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MURPHY | CEO Officer | 1 | $222,052 |
| MICHAEL WILBERTON | CFO Officer | 1 | $175,000 |
| JAMES MANNING | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM CARR | DIRECTOR Trustee or director | 0 | $0 |
| DANIEL HURLEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MICHAEL MALONEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MARK WISNES | CLERK Trustee or director | 0 | $0 |
| CRAIG PINKHAM | CHAIRMAN Trustee or director | 0 | $0 |
| PATRICK CARNEY | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL NEE | TREASURER Trustee or director | 0 | $0 |
| THOMAS ROCHE | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT SENIER | DIRECTOR Trustee or director | 0 | $0 |
| TIM SULLIVAN | DIRECTOR Trustee or director | 0 | $0 |
| RICHARD HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| CRAIG CONNOLLY | DIRECTOR Trustee or director | 0 | $0 |
| TERRANCE FOLEY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MURPHY | CEO Officer | 1 | $222,052 |
| MICHAEL WILBERTON | CFO Officer | 1 | $175,000 |
| JAMES MANNING | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM CARR | DIRECTOR Trustee or director | 0 | $0 |
| DANIEL HURLEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MICHAEL MALONEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MARK WISNES | CLERK Trustee or director | 0 | $0 |
| CRAIG PINKHAM | CHAIRMAN Trustee or director | 0 | $0 |
| PATRICK CARNEY | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL NEE | TREASURER Trustee or director | 0 | $0 |
| THOMAS ROCHE | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT SENIER | DIRECTOR Trustee or director | 0 | $0 |
| TIM SULLIVAN | DIRECTOR Trustee or director | 0 | $0 |
| RICHARD HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| CRAIG CONNOLLY | DIRECTOR Trustee or director | 0 | $0 |
| TERRANCE FOLEY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2022: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MURPHY | CEO Officer | 1 | $222,052 |
| DIANE WALKER | SR. VICE PRESIDENT/CFO Officer | 1 | $187,117 |
| JAMES MANNING | DIRECTOR Trustee or director | 0 | $0 |
| WILLIAM CARR | DIRECTOR Trustee or director | 0 | $0 |
| DANIEL HURLEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MICHAEL MALONEY | VICE CHAIRMAN Trustee or director | 0 | $0 |
| MARK WISNES | CLERK Trustee or director | 0 | $0 |
| CRAIG PINKHAM | CHAIRMAN Trustee or director | 0 | $0 |
| PATRICK CARNEY | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL NEE | TREASURER Trustee or director | 0 | $0 |
| THOMAS ROCHE | DIRECTOR Trustee or director | 0 | $0 |
| ROBERT SENIER | DIRECTOR Trustee or director | 0 | $0 |
| TIM SULLIVAN | DIRECTOR Trustee or director | 0 | $0 |
| RICHARD HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| CRAIG CONNOLLY | DIRECTOR Trustee or director | 0 | $0 |
| TERRANCE FOLEY | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 29 HIGH ST, MEDFORD, MA 02155-3801
- In care of
- % MICHAEL WILBERTON
- Principal officer (990 for 2025)
- MICHAEL WILBERTON, 29 HIGH STREET, Medford, MA 02155
- Signed the 990
- Michael Wilberton, Chief Financial Officer
- Phone
- (781) 905-1540
- Website
- WWW.MEMBERSPLUSCU.ORG
Mission
PROVIDE QUALITY, INNOVATIVE, COMPETITIVE, AND SECURE FINANCIAL PRODUCTS AND SERVICES
Program accomplishments
- LOANS TO MEMBERS
- DIVIDENDS ON MEMBER SHARES
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
- 04-2039851
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $340,951,677
- Income (IRS master file)
- $16,109,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $16,109,735 | $16,319,534 | $340,951,677 | XML |
| 990 | December 2024 | $11,923,332 | $18,040,472 | $322,079,822 | IRS |
| 990 | December 2023 | $13,472,577 | $14,716,142 | $364,571,667 | XML |
| 990 | December 2022 | $11,966,084 | $11,203,906 | $340,150,584 | XML |
| 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 04-2039851).
Questions about MEMBERS PLUS CREDIT UNION
- What is the EIN of MEMBERS PLUS CREDIT UNION?
- The employer identification number (EIN) of MEMBERS PLUS CREDIT UNION is 04-2039851.
- Is MEMBERS PLUS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1941.
- Are donations to MEMBERS PLUS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMBERS PLUS 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 MEMBERS PLUS 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 MEMBERS PLUS 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 MEMBERS PLUS CREDIT UNION?
- The 990 for the year ended December 31, 2025 names MICHAEL WILBERTON.
- Who are the officers and directors of MEMBERS PLUS CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $222,000 (JOHN MURPHY, CEO).
- How much revenue does MEMBERS PLUS CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $16,109,735, expenses of $16,319,534 and total assets of $340,951,677 at year end.
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