EIN 02-0187390

St Mary's Bank

IRS 501(c) type
501(c)(14)
Num. employees
352
Year formed
1908
Most recent tax filings
2022-12-01
Description
Provide members with savings and loan services to effectively serve our members by providing trusted ethical advice that helps members achieve their financial goals, a full array of financial services that offer real economic value.
Related structure
St Mary's Bank is child organization, under the parent exemption from State of New Hampshire Banking Department.
Also known as...
St Mary's Bank Credit Union
Total revenues
$61,833,410
2022
Total expenses
$49,715,300
2022
Total assets
$1,463,740,396
2022
Num. employees
352
2022

Program areas at St Mary's Bank

The Credit Union has 95,813 members as of december 31, 2022, members have access to a wide variety of low-cost, high-quality services.
St. Mary's Bank participates with a number of lender organizations offering homeownership programs that assists the under-served including; new hampshire housing- flex and preferred programs along with fha, usda-rd, including cash assistance programs, and fnma, home ready. St. Mary's Bank also offers portfolio financing options and continues its "welcome home first-time homebuyer program and low to no down payment options.st. Mary's welcome home program is designed to help borrowers better understand their overall Credit, determine how much house they can afford, choose the right mortgage and avoid potential pitfalls. As important, the program offers real monetary benefits including:-reduced interim rate cap -access to a full-range of online research tools-access to free homebuyer educationin addition to identifying lending opportunities for first-time homebuyers, we will also continue to focus on lending to income-eligible families. More specifically, lending to families whose household income is at or below 115% of the area median family income (defined and published by the department of housing and urban development).
St. Mary's Bank gives back to the community by supporting, promoting and furthering charitable, and educational purposes, activities and causes in new hampshire, primarily in the Credit Union's primary service area. In 2022, the Credit Union provided supported numerous community organizations and also contributed $990,000 to the St. Mary's Bank charitable foundation.st. Mary's Bank's charitable giving theme, children, families, and individuals in need, is our way of focusing available resources on activities most relevant to our mission of service to Credit Union members and the community. In 2022, over 130 organizations were supported through donations and event sponsorships, totaling $196,220. Causes include, but are not limited to, children and family, cultural, financial literacy, financial independence, and health and wellness.st. Mary's Bank employees volunteered 3,153 hours of time, during worktime and on their own time in 2022 to a range of non-profit organizations.

Grants made by St Mary's Bank

GranteeGrant descriptionAmount
St Mary's Bank Charitable FoundationCharitable Support$990,000
Palace Theatre TrustCharitable Support$32,000
Granite United WayCharitable Support$18,000
...and 1 more grant made

Personnel at St Mary's Bank

NameTitleCompensation
Ronald CoveyChief Executive Officer$676,913
Kenneth SenusChief Operating Officer$412,785
Kevin NihillChief Financial Officer and Treasurer$318,984
John ClearyDirector of It$252,884
Pamela RoyDirector of Human Resources$191,217
...and 6 more key personnel

Financials for St Mary's Bank

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$57,250,549
Investment income and dividends$3,586,238
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$689,528
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$307,095
Total revenues$61,833,410

Form 990s for St Mary's Bank

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2018-122020-01-03990View PDF
2017-122018-12-22990View PDF
...and 8 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Updated personnel
Identified 2 new personnel
December 23, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Memberships
General information
Address
PO Box 990
Manchester, NH 03105
Metro area
Manchester-Nashua, NH
County
Hillsborough County, NH
Website URL
stmarysbank.com/home 
Phone
(603) 669-4600
Facebook page
stmarysbank 
IRS details
EIN
02-0187390
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1908
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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