Nonprofit · EIN 04-2077206
FIRST RESPONDERS CREDIT UNION
Tax-exempt · DORCHESTER, MA 02124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $21,804,632 | $18,274,622 | $3,530,010 | $420,586,232 | $369,945,830 | $50,640,402 |
| December 31, 2023 | 990 | $20,405,832 | $16,670,689 | $3,735,143 | $424,274,895 | $377,979,401 | $46,295,494 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,749,635
- Investment income
- $2,054,997
- Net gain from sales of assets
- $17,350
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $200,000
- Compensation of officers, directors and key employees
- $1,866,289
- Other salaries and wages
- $2,757,526
- Salaries, compensation and benefits (total)
- $6,127,724
- Professional fundraising fees
- $0
- Legal fees
- $14,422
- Accounting fees
- $163,000
- Occupancy
- $547,773
- Travel
- $44,975
- Depreciation
- $174,129
Balance sheet and other
- Total assets, start of year
- $424,274,895
- Total assets, end of year
- $420,586,232
- Total liabilities, end of year
- $369,945,830
- Net assets, end of year
- $50,640,402
- Land, buildings and equipment
- $3,069,513
- Gross receipts
- $21,804,632
- Employees
- 62
- Volunteers
- 10
- Year formed
- 1947
- 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 |
|---|---|---|---|---|
| richard Hayward Jr | President & CEO Officer | 37.5 | $430,660 | $86,074 |
| craig mackenzie | EVP/COO (Resigned 12/2024) Officer | 37.5 | $327,571 | $26,125 |
| cristina Prentis | SVP/CFO Officer | 37.5 | $213,639 | $32,550 |
| kenneth Nasiff | SVP MBL Officer | 37.5 | $202,910 | $39,011 |
| Andy Puga | SVP/CIO Officer | 37.5 | $172,690 | $50,926 |
| Cathy Boucher | EVP/COO (Retired 4/2024) Officer | 37.5 | $202,041 | $17,716 |
| catherine guerard | VP Member Services Officer | 37.5 | $153,750 | $24,469 |
| wendy reiter | Controller Highest-paid employee | 37.5 | $134,315 | $37,332 |
| kaitryn Thornton | VP Lending Officer | 37.5 | $144,273 | $21,004 |
| Raymond Lazcano | Financial Advisor Highest-paid employee | 37.5 | $124,063 | $27,401 |
| Carlos Fontes | IT Systems Officer Highest-paid employee | 37.5 | $104,716 | $41,045 |
| Daniel Magoon | Chairman Trustee or director, Officer | 3 | $12,504 | $0 |
| Joseph Casper | Treasurer/Clerk Trustee or director, Officer | 3 | $6,252 | $0 |
| Charles Buchanan | Director Trustee or director | 1 | $0 | $0 |
| Christopher Burke | Director Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Edmund Street | Director Trustee or director | 1 | $0 |
| Kevin Meehan | Director Trustee or director | 1 | $0 |
| Marc Sanders | Director Trustee or director | 1 | $0 |
| Ralph Dowling | Director Trustee or director | 1 | $0 |
| Sean Costello | Vice Chair Trustee or director, Officer | 1 | $0 |
| William O'Sullivan | Director Trustee or director | 1 | $0 |
| John Broderick | Director Trustee or director | 1 | $0 |
| Sean O'Brien | Director (Ended 11/19/2024) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD HAYWARD JR | PRESIDENT & CEO Officer | 35 | $375,311 | $77,605 |
| CATHY BOUCHER | EVP/COO Officer | 35 | $245,116 | $44,394 |
| CRISTINA PRENTIS | SVP/CFO Officer | 35 | $196,838 | $29,485 |
| ANDY PUGA | SVP/CIO Officer | 35 | $161,922 | $47,858 |
| KRISTEN RUSSELL | VP BUSINESS DEVELOPMENT Officer | 35 | $130,601 | $42,862 |
| WENDY REITER | CONTROLLER Highest-paid employee | 35 | $129,433 | $36,248 |
| KAITRYN THORNTON | VP LENDING Officer | 35 | $139,704 | $20,461 |
| RAYMOND LAZCANO | FINANCIAL ADVISOR Highest-paid employee | 35 | $127,497 | $27,465 |
| CATHERINE GUERARD | VP MEMBER SERVICES Officer | 35 | $126,036 | $20,456 |
| JENNIFER COOK | AVP ELEXTRONIC SERVICES Highest-paid employee | 35 | $106,715 | $32,718 |
| ALEXA CAHILL | AVP HR Highest-paid employee | 35 | $105,984 | $17,184 |
| KENNETH NASIFF | SVP MBL Officer | 35 | $96,084 | $11,881 |
| CRAIG MACKENZIE | EVP/COO Officer | 35 | $91,467 | $2,812 |
| DANIEL MAGOON | CHAIRMAN Trustee or director, Officer | 3 | $12,504 | $0 |
| JOSEPH CASPER | TREASURER/CLERK Trustee or director, Officer | 3 | $6,252 | $0 |
| CHARLES BUCHANAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER BURKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL DOWLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EDMUND STREET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN MEEHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC SANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RALPH DOWLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN COSTELLO | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| SEAN O'BRIEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM O'SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 HALLET ST, DORCHESTER, MA 02124-5408
- In care of
- % CRISTINA PRENTIS
- Principal officer (990 for 2024)
- RICHARD HAYWARD JR, 60 Hallet Street, Dorchester, MA 02124
- Signed the 990
- CRISTINA PRENTIS, SVP/CFO
- Phone
- (617) 288-2420
- Website
- WWW.BOSFIRECU.COM
- Return prepared by
- Wolf & Company PC
Mission
PROVIDE FINANCIAL SERVICES TO OUR MEMBERS
Program accomplishments
- PROVIDE FINANCIAL SERVICES TO OUR MEMBERSExpenses $18,274,622 · revenue $19,749,635
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
- 04-2077206
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $420,586,232
- Income (IRS master file)
- $21,804,632
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $21,804,632 | $18,274,622 | $420,586,232 | XML |
| 990 | December 2023 | $20,405,832 | $16,670,689 | $424,274,895 | XML |
| 990 | December 2022 | $16,089,033 | $12,432,948 | $426,852,511 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 04-2077206).
Questions about FIRST RESPONDERS CREDIT UNION
- What is the EIN of FIRST RESPONDERS CREDIT UNION?
- The employer identification number (EIN) of FIRST RESPONDERS CREDIT UNION is 04-2077206.
- Is FIRST RESPONDERS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1950.
- Are donations to FIRST RESPONDERS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIRST RESPONDERS 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 FIRST RESPONDERS 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 FIRST RESPONDERS 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 FIRST RESPONDERS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names RICHARD HAYWARD JR.
- Who are the officers and directors of FIRST RESPONDERS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 23 people; 13 received compensation from the organization, the highest $430,660 (richard Hayward Jr, President & CEO).
- How much revenue does FIRST RESPONDERS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $21,804,632, expenses of $18,274,622 and total assets of $420,586,232 at year end.
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