Nonprofit · EIN 04-1896000
LIBERTY BAY CREDIT UNION
Tax-exempt · BRAINTREE, MA 02184
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $40,864,966 | $36,352,311 | $4,512,655 | $819,637,288 | $707,198,300 | $112,438,988 |
| December 31, 2024 | 990 | $39,183,801 | $36,709,679 | $2,474,122 | $808,088,791 | $704,965,231 | $103,123,560 |
| December 31, 2023 | 990 | $33,292,815 | $29,854,787 | $3,438,028 | $785,580,175 | $685,112,836 | $100,467,339 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $35,888,419
- Investment income
- $4,976,547
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $13,000
- Compensation of officers, directors and key employees
- $3,163,240
- Other salaries and wages
- $4,972,940
- Salaries, compensation and benefits (total)
- $10,916,174
- Professional fundraising fees
- $0
- Legal fees
- $247,401
- Accounting fees
- $123,690
- Occupancy
- $1,522,670
- Depreciation
- $88,661
Balance sheet and other
- Total assets, start of year
- $808,088,791
- Total assets, end of year
- $819,637,288
- Total liabilities, end of year
- $707,198,300
- Net assets, end of year
- $112,438,988
- Land, buildings and equipment
- $1,580,899
- Publicly traded securities
- $126,895,565
- Gross receipts
- $40,864,966
- Employees
- 84
- Volunteers
- 10
- Year formed
- 1917
- 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 |
|---|---|---|---|---|
| JOHN BARRON | PRESIDENT & CEO Officer | 40 | $520,942 | $44,361 |
| FREDERICK WILLIAMS | SVP & CHIEF FINANCIAL OFFI Officer | 40 | $260,522 | $57,915 |
| MARK CONSTABLE | CHIEF COMPLIANCE & CRA OFF Officer | 40 | $256,757 | $57,792 |
| JOSEPH BEARS | SVP & CIO Officer | 40 | $241,275 | $58,812 |
| BRENDA MCGILLICUDDY | SVP PEOPLE OPERATIONS Officer | 40 | $240,239 | $58,026 |
| PAUL GRAVELLESE | SVP & SENIOR LENDING OFFIC Officer | 40 | $241,558 | $55,429 |
| CAROL SHOUGHROW | VP DEPOSIT OPERATIONS Highest-paid employee | 40 | $171,587 | $49,090 |
| MICHAEL BAKER | CONTROLLER Highest-paid employee | 40 | $158,508 | $47,828 |
| MARGUERITE MURPHY | VP MORTGAGE Highest-paid employee | 40 | $165,931 | $30,048 |
| WILLIAM SPRAGUE | VP NETWORK ADMIN Highest-paid employee | 40 | $135,054 | $26,236 |
| MARIA DIBENEDETTO | VP HUMAN RESOURCES Highest-paid employee | 40 | $132,041 | $27,282 |
| MARCIA LYONS | ANALYTICS ENGINEER Officer | 40 | $64,480 | $12,599 |
| SEAN CASHMAN | CHAIRMAN Trustee or director | 6 | $24,000 | $204 |
| PATRICK J FOLEY | TREASURER Trustee or director | 2 | $12,000 | $133 |
| EUGENE LEAHY | SECRETARY Trustee or director | 2 | $12,000 | $51 |
10 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT B FOLEY JR | DIRECTOR Trustee or director | 2 | $0 | $82 |
| GERARD BURM | DIRECTOR Trustee or director | 2 | $0 | $51 |
| THOMAS J FLYNN | DIRECTOR Trustee or director | 2 | $0 | $51 |
| EDWARD R FOLEY | DIRECTOR Trustee or director | 2 | $0 | $51 |
| STEPHEN J KELLEY SR | DIRECTOR Trustee or director | 2 | $0 | $51 |
| EDWARD MCCOLGAN | DIRECTOR Trustee or director | 2 | $0 | $51 |
| MICHAEL F MCCARTHY | DIRECTOR Trustee or director | 2 | $0 | $51 |
| ROBERT J MITCHELL | DIRECTOR Trustee or director | 2 | $0 | $51 |
| WILLIAM MURPHY | DIRECTOR Trustee or director | 2 | $0 | $51 |
| PETER LINCOLN | DIRECTOR Trustee or director | 2 | $0 | $51 |
990 for the year ended December 31, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN PARILLO | FORMER PRESIDENT & CEO Former | 40 | $553,153 | $39,045 |
| FREDERICK WILLIAMS | SVP & CHIEF FINANCIAL OFFI Officer | 40 | $252,811 | $56,144 |
| MARK CONSTABLE | CHIEF COMPLIANCE & CRA OFF Officer | 40 | $251,819 | $56,045 |
| JOSEPH BEARS | SVP & CIO Officer | 40 | $236,541 | $56,911 |
| BRENDA MCGILLICUDDY | SVP PEOPLE OPERATIONS Officer | 40 | $238,259 | $54,689 |
| PAUL GRAVELLESE | SVP & SENIOR LENDING OFFIC Officer | 40 | $234,020 | $53,664 |
| EDWARD LOPES | PRESIDENT / CEO Officer | 40 | $182,436 | $22,879 |
| CAROL SHOUGHROW | VP DEPOSIT OPERATIONS Highest-paid employee | 1 | $154,282 | $46,291 |
| MARGUERITE MURPHY | VP MORTGAGE Highest-paid employee | 40 | $162,177 | $29,360 |
| CINDI CARLSON | VP BRAND & MEMBER EXPERIEN Highest-paid employee | 40 | $148,881 | $27,616 |
| SEAN CHASE | BUSINESS BANKING OFFICER Highest-paid employee | 40 | $134,667 | $25,814 |
| KATHERINE PEILATERMINATED JULY 2024 | CHIEF ADMINISTRATIVE OFFIC Officer | 40 | $138,653 | $21,292 |
| MARIA DIBENEDETTO | VP HUMAN RESOURCES Highest-paid employee | 40 | $133,266 | $26,426 |
| SEAN CASHMAN | SECRETARY Trustee or director | 2 | $19,500 | $204 |
| PETER LINCOLN | BOD CHAIRMAN Trustee or director | 6 | $9,000 | $51 |
| PATRICK J FOLEY | DIRECTOR Trustee or director | 2 | $7,500 | $133 |
| EUGENE LEAHY | DIRECTOR Trustee or director | 2 | $7,500 | $51 |
| ROBERT B FOLEY JR | TREASURER Trustee or director | 2 | $4,500 | $82 |
| THOMAS J FLYNN | DIRECTOR Trustee or director | 2 | $0 | $82 |
| EDWARD R FOLEY | AUDIT COMMITTEE CHAIRMAN Trustee or director | 2 | $0 | $82 |
| GERARD BURM | DIRECTOR Trustee or director | 2 | $0 | $51 |
| STEPHEN J KELLEY SR | DIRECTOR Trustee or director | 2 | $0 | $51 |
| EDWARD MCCOLGAN | DIRECTOR Trustee or director | 2 | $0 | $51 |
| MICHAEL F MCCARTHY | DIRECTOR Trustee or director | 2 | $0 | $51 |
| ROBERT J MITCHELL | DIRECTOR Trustee or director | 2 | $0 | $51 |
| WILLIAM MURPHY | DIRECTOR Trustee or director | 2 | $0 | $51 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN PARILLO | PRESIDENT & CEO Officer | 40 | $798,985 | $45,085 |
| MAURICE MATTESON | FORMER PRESIDENT/CEO Former | 40 | $459,032 | $11,080 |
| FREDERICK WILLIAMS | SVP & CHIEF FINANCIAL OFFICER Officer | 40 | $238,576 | $54,127 |
| JOSEPH BEARS | SVP & CIO Officer | 40 | $227,666 | $56,892 |
| GEORGE KELLY | SVP & CHIEF STRATEGY OFFICER Officer | 40 | $225,786 | $52,848 |
| PAUL GRAVELLESE | SVP & SENIOR LENDING OFFICER Officer | 40 | $224,620 | $52,731 |
| KATHERINE PEILA | CHIEF ADMINISTRATIVE OFFICER Officer | 40 | $238,329 | $36,565 |
| JAMES DOWLING | CONTROLLER Highest-paid employee | 40 | $168,857 | $46,555 |
| PAOLA FERRARA | MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $152,963 | $44,818 |
| MARGUERITE MURPHY | VP MORTGAGE Highest-paid employee | 40 | $158,838 | $28,890 |
| CINDI CARLSON | VP BRAND & MEMBER EXPERIENCE Highest-paid employee | 40 | $142,836 | $26,968 |
| SEAN CHASE | BUSINESS BANKING OFFICER Highest-paid employee | 40 | $136,263 | $29,853 |
| BRENDA MCGILLICUDDY | SVP PEOPLE OPERATIONS Officer | 40 | $137,568 | $24,846 |
| MARK CONSTABLE | CHIEF COMPLIANCE & CRA OFFICER Officer | 40 | $141,646 | $18,384 |
| PETER LINCOLN | CHAIRMAN Trustee or director | 6 | $24,000 | $51 |
| SEAN CASHMAN | SECRETARY Trustee or director | 2 | $12,000 | $204 |
| ROBERT B FOLEY JR | TREASURER Trustee or director | 2 | $12,000 | $133 |
| PATRICK J FOLEY | DIRECTOR Trustee or director | 2 | $0 | $204 |
| THOMAS J FLYNN | DIRECTOR Trustee or director | 2 | $0 | $82 |
| EDWARD R FOLEY | CHAIRMAN Trustee or director | 2 | $0 | $82 |
| EDWARD MCCOLGAN | DIRECTOR Trustee or director | 2 | $0 | $82 |
| GERARD BURM | DIRECTOR Trustee or director | 2 | $0 | $51 |
| STEPHEN J KELLEY SR | DIRECTOR Trustee or director | 2 | $0 | $51 |
| EUGENE LEAHY | DIRECTOR Trustee or director | 2 | $0 | $51 |
| MICHAEL F MCCARTHY | DIRECTOR Trustee or director | 2 | $0 | $51 |
| ROBERT J MITCHELL | DIRECTOR Trustee or director | 2 | $0 | $51 |
| WILLIAM MURPHY | DIRECTOR Trustee or director | 2 | $0 | $51 |
Address and contacts
- Address (IRS master file)
- 300 GRANITE STREET, BRAINTREE, MA 02184-3909
- In care of
- % GEORGE KELLY
- Principal officer (990 for 2025)
- FREDERICK WILLIAMS, 300 GRANITE STREET, BRAINTREE, MA 02184
- Signed the 990
- FREDERICK WILLIAMS, SVP, CHIEF FINANCIAL OFFICER
- Phone
- (617) 439-6500
- Website
- WWW.LIBERTYBAYCU.ORG
- Return prepared by
- GERALD T REILLY & COMPANY
Mission
LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES.
Program accomplishments
- LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES.
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
- 04-1896000
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61Z)
- Assets (IRS master file)
- $819,637,288
- Income (IRS master file)
- $40,864,966
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $40,864,966 | $36,352,311 | $819,637,288 | IRS |
| 990 | December 2024 | $39,183,801 | $36,709,679 | $808,088,791 | IRS |
| 990 | December 2023 | $33,292,815 | $29,854,787 | $785,580,175 | XML |
| 990 | December 2022 | $27,516,942 | $20,735,203 | $743,994,815 | 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 04-1896000).
Questions about LIBERTY BAY CREDIT UNION
- What is the EIN of LIBERTY BAY CREDIT UNION?
- The employer identification number (EIN) of LIBERTY BAY CREDIT UNION is 04-1896000.
- Is LIBERTY BAY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1937.
- Are donations to LIBERTY BAY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LIBERTY 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 LIBERTY 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 LIBERTY 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 LIBERTY BAY CREDIT UNION?
- The 990 for the year ended December 31, 2025 names FREDERICK WILLIAMS.
- Who are the officers and directors of LIBERTY BAY CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 25 people; 15 received compensation from the organization, the highest $520,942 (JOHN BARRON, PRESIDENT & CEO).
- How much revenue does LIBERTY BAY CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $40,864,966, expenses of $36,352,311 and total assets of $819,637,288 at year end.
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