Nonprofit · EIN 04-2128094
ST ANNES CREDIT UNION OF FALL RIVER MASS
Tax-exempt · FALL RIVER, MA 02724
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $54,977,303 | $52,104,364 | $2,872,939 | $1,349,433,146 | $1,235,715,626 | $113,717,520 |
| December 31, 2023 | 990 | $41,027,576 | $39,003,229 | $2,024,347 | $1,199,974,669 | $1,089,480,104 | $110,494,565 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $48,882,747
- Investment income
- $6,094,556
- Net gain from sales of assets
- $33,488
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $179,253
- Compensation of officers, directors and key employees
- $1,867,233
- Other salaries and wages
- $8,265,596
- Salaries, compensation and benefits (total)
- $12,972,526
- Professional fundraising fees
- $0
- Legal fees
- $340,511
- Accounting fees
- $182,338
- Occupancy
- $1,729,980
- Travel
- $38,045
- Depreciation
- $2,205,746
Balance sheet and other
- Total assets, start of year
- $1,199,974,669
- Total assets, end of year
- $1,349,433,146
- Total liabilities, end of year
- $1,235,715,626
- Net assets, end of year
- $113,717,520
- Land, buildings and equipment
- $20,384,032
- Publicly traded securities
- $205,929,686
- Gross receipts
- $57,274,815
- Employees
- 166
- Volunteers
- 10
- Year formed
- 1935
- 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 |
|---|---|---|---|---|
| Eileen Migliozzi | President/CEO Officer | 40 | $951,846 | $108,681 |
| Peter Panaggio | EVP/CFO Officer | 40 | $290,086 | $86,658 |
| Joseph Nash | SVP/Chief Lending Officer Key employee | 40 | $239,350 | $52,592 |
| Michelle Marcos | SVP Human Resources Highest-paid employee | 40 | $204,596 | $37,798 |
| Karen Skinner | SVP Operations & Compliance Highest-paid employee | 40 | $186,780 | $37,915 |
| Jeremy Turner | VP Information Technology Highest-paid employee | 40 | $159,610 | $41,104 |
| Luisa Rochester | VP Residential Lending Highest-paid employee | 40 | $158,862 | $19,820 |
| Robin Levesque | SVP Branch Administration Highest-paid employee | 40 | $142,229 | $25,353 |
| John R Ledwidge | Vice Chair Trustee or director, Officer | 1 | $25,673 | $7,960 |
| William R Bouchard | Chair Trustee or director, Officer | 1 | $23,878 | $7,962 |
| Bruce E Fernandes | Treasurer/Clerk Trustee or director, Officer | 1 | $16,680 | $8,098 |
| Kevin C Fitzpatrick | Director Trustee or director | 1 | $396 | $7,967 |
| Colleen Brady | Director Trustee or director | 1 | $258 | $8,098 |
| Yonaton Sunshine | Director Trustee or director | 1 | $60 | $8,098 |
| Kevin Vieira | Director Trustee or director | 1 | $60 | $6,842 |
3 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Claire Entel | Director Trustee or director | 1 | $762 | $5,819 |
| Bernard J McDonald III | Director Trustee or director | 1 | $396 | $4,452 |
| Jo-Ann Bentley | Director Trustee or director | 1 | $762 | $3,799 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EILEEN DANAHEY | PRESIDENT/CEO Officer | 40 | $590,395 | $18,080 |
| PETER PANAGGIO | EVP/CFO Key employee | 40 | $303,047 | $18,080 |
| JOSEPH NASH | SVP/CHIEF LENDING OFFICER Key employee | 40 | $245,601 | $18,080 |
| MICHELLE MARCOS | SVP HUMAN RESOURCES Highest-paid employee | 40 | $206,409 | $18,080 |
| KAREN SKINNER | SVP OPERATIONS & COMPLIANC Highest-paid employee | 40 | $188,756 | $21,363 |
| ROSE CORTES | MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $172,406 | $21,225 |
| LETITIA BROOKFIELD | SVP MARKETING Highest-paid employee | 40 | $160,876 | $5,414 |
| LUISA ROCHESTER | VP RESIDENTIAL LENDING Highest-paid employee | 40 | $155,238 | $9,017 |
| WILLIAM R BOUCHARD | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $24,241 | $7,991 |
| JOHN R LEDWIDGE | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 1 | $22,422 | $7,991 |
| BRUCE E FERNANDES | DIRECTOR/TREASURER/CLERK Trustee or director, Officer | 1 | $16,162 | $5,539 |
| COLLEEN BRADY | DIRECTOR Trustee or director | 1 | $258 | $8,129 |
| KEVIN C FITZPATRICK | DIRECTOR Trustee or director | 1 | $396 | $7,809 |
| KEVIN VIEIRA | DIRECTOR Trustee or director | 1 | $60 | $6,842 |
| YONATON SUNSHINE | DIRECTOR (AS OF 2/21/23) Trustee or director | 1 | $45 | $6,774 |
| CLAIRE ENTEL | DIRECTOR Trustee or director | 1 | $396 | $6,046 |
| BERNARD J MCDONALD III | DIRECTOR Trustee or director | 1 | $396 | $5,388 |
| JO-ANN BENTLEY | DIRECTOR Trustee or director | 1 | $396 | $3,426 |
Address and contacts
- Address (IRS master file)
- 829 S MAIN ST, FALL RIVER, MA 02724-2944
- In care of
- % PETER PANAGGIO CFO
- Principal officer (990 for 2024)
- Peter Panaggio, 286 Oliver Street, Fall River, MA 02724
- Signed the 990
- Peter Panaggio, EVP/CFO
- Phone
- (508) 324-7300
- Website
- www.stannes.com
- Return prepared by
- Baker Newman & Noyes
Mission
St. Anne's Credit Union (the "Credit Union") provides a variety of financial services to its members through its full service offices and loan centers in southeastern Massachusetts. Its primary deposit products are savings, checking, money market, and term certificate accounts and its primary lending assets are residential mortgage, commercial mortgage and consumer loans.
Program accomplishments
- St. Anne's Credit Union is a cooperative owned, directed by, and dedicated to is members. At the end of 2024, the Credit Union had $1,020,558,000 share account deposits and $1,024,892,000 in loans to members.
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
- 04-2128094
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,349,433,146
- Income (IRS master file)
- $57,274,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $54,977,303 | $52,104,364 | $1,349,433,146 | XML |
| 990 | December 2023 | $41,027,576 | $39,003,229 | $1,199,974,669 | XML |
| 990 | December 2022 | $36,103,812 | $29,599,500 | $1,151,715,010 | 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 04-2128094).
Questions about ST ANNES CREDIT UNION OF FALL RIVER MASS
- What is the EIN of ST ANNES CREDIT UNION OF FALL RIVER MASS?
- The employer identification number (EIN) of ST ANNES CREDIT UNION OF FALL RIVER MASS is 04-2128094.
- Is ST ANNES CREDIT UNION OF FALL RIVER MASS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to ST ANNES CREDIT UNION OF FALL RIVER MASS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ST ANNES CREDIT UNION OF FALL RIVER MASS 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 ANNES CREDIT UNION OF FALL RIVER MASS 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 ST ANNES CREDIT UNION OF FALL RIVER MASS 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 ST ANNES CREDIT UNION OF FALL RIVER MASS?
- The 990 for the year ended December 31, 2024 names Peter Panaggio.
- Who are the officers and directors of ST ANNES CREDIT UNION OF FALL RIVER MASS?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $951,846 (Eileen Migliozzi, President/CEO).
- How much revenue does ST ANNES CREDIT UNION OF FALL RIVER MASS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $54,977,303, expenses of $52,104,364 and total assets of $1,349,433,146 at year end.
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