SOMERVILLE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NAVEO CREDIT UNION, founded in 1928, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 4% surplus.
NAVEO CREDIT UNION, (THE "CREDIT UNION") IS A STATE-CHARTERED CREDIT UNION ORGANIZED UNDER THE PROVISIONS OF THE MASSACHUSETTS CREDIT UNION ACT. PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE INDIVIDUALS WHO QUALIFY FOR MEMBERSHIP. THE FIELD OF MEMBERSHIP IS DEFINED IN THE CREDIT UNION'S BYLAWS WITH A SIGNIFICANT CONCENTRATION OF MEMBERS RESIDING IN SOMERVILLE AND CAMBRIDGE, MASSACHUSETTS AND SURROUNDING COMMUNITIES. THE CREDIT UNION PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS. ITS PRIMARY DEPOSIT PRODUCTS ARE SAVINGS, CHECKING AND TERM CERTIFICATE ACCOUNTS AND ITS PRIMARY LENDING PRODUCTS ARE RESIDENTIAL REAL ESTATE, MEMBER BUSINESS AND CONSUMER LOANS.
MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS, AND THE PAYMENT OF DIVIDENDS THEREON WITH THE PURPOSE OF LENDING TO MEMBERS AT COMPETITIVE INTEREST RATES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,809,632 | $5,538,258 | +0.2% |
| Expenses | $6,549,902 | $5,370,125 | +0.2% |
| Net Income | $259,730 | $168,133 | +0.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LEONTINA MANCINI | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ISAAC MACHADO | 1ST VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL FERREIRA | 2ND VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES MONTEMOR | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LINDSAY LUCKE | SECRETARY/CLERK | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MANUEL DA SILVA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SONJA DARAI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER LAWRENCE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIO BRUM | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JASON ALVES | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREA WHITE | PRESIDENT & CEO | 40.00 |
Officer
|
$267,205 | $6,115 | $273,320 |
| ALBERT PINHO | SVP LENDING | 40.00 |
Key Emp
|
$202,264 | $12,631 | $214,895 |
| KEVIN GEORGE | VP FIANCE | 40.00 |
Highest
|
$116,326 | $17,468 | $133,794 |
| MICHAEL DWYER | VP OPERATIONS | 40.00 |
Highest
|
$113,209 | $17,468 | $130,677 |
| JAMIE LEVINE | VP HUMAN RESOURCES | 40.00 |
Highest
|
$125,542 | $12,631 | $138,173 |
| ADAM CARPENTER | VP TECHNOLOGY | 40.00 |
Highest
|
$117,276 | $6,115 | $123,391 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,809,632 | $6,549,902 | $170,305,612 | $259,730 |
| 2022 | $5,538,258 | $5,370,125 | $168,948,495 | $168,133 |
| 2021 | $5,441,719 | $4,994,317 | $178,250,990 | $447,402 |
| 2020 | $6,679,739 | $5,059,453 | $162,064,758 | $1,620,286 |
| 2019 | $5,890,227 | $4,777,423 | $139,879,183 | $1,112,804 |
| 2018 | $5,337,840 | $4,444,946 | $130,867,039 | $892,894 |
Compare NAVEO CREDIT UNION with other nonprofits in Massachusetts and across the country.