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Nonprofiteer
← BRIGHTBRIDGE CREDIT UNION

Form 990 for tax year 2023

Filed by BRIGHTBRIDGE CREDIT UNION.

Totals

Total revenue
$91,376,330
Total expenses
$82,880,906
Contributions and grants received
$0
Grants paid
$336
Program service revenue
$75,728,753
Investment income
$15,647,577
Other revenue
$0
Total assets, end of year
$2,243,805,340
Total liabilities, end of year
$2,060,880,432
Net assets or fund balances, end of year
$182,924,908
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN INTEREST FEE

    total $60,354,389 · related or exempt $60,354,389

  • 2b · Program service revenue: FEE INCOME

    total $9,994,734 · related or exempt $9,994,734

  • 2c · Program service revenue: OTHER OPERATING INCOME

    total $5,379,630 · related or exempt $5,379,630

  • 3 · Investment income

    total $15,647,577 · related or exempt $15,647,577

  • 7a · Gross sales of assets other than inventory

    securities $138,849,576

  • 7b · Less cost or other basis and sales expenses

    securities $138,849,576

  • 7c · Gain or loss

    securities $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $336

  • 4 · Benefits paid to or for members

    total $19,325,096

  • 5 · Compensation of officers, directors and key employees

    total $9,166,294

  • 7 · Other salaries and wages

    total $17,972,578

  • 8 · Pension plan contributions

    total $911,094

  • 9 · Other employee benefits

    total $2,746,817

  • 10 · Payroll taxes

    total $1,708,263

  • 11a · Fees: management

    total $1,725,987

  • 11b · Fees: legal

    total $267,286

  • 11c · Fees: accounting

    total $793,782

  • 11g · Fees: other

    total $428,479

  • 12 · Advertising and promotion

    total $1,849,679

  • 13 · Office expenses

    total $5,157,655

  • 14 · Information technology

    total $2,315,156

  • 16 · Occupancy

    total $2,090,432

  • 17 · Travel

    total $66,350

  • 20 · Interest

    total $2,318,810

  • 22 · Depreciation, depletion and amortization

    total $1,273,834

  • 23 · Insurance

    total $374,015

  • 24a · Other expenses: MISCELLANEOUS OPERATING

    total $3,067,492

  • 24b · Other expenses: INTANGIBLE AMORTIZATION

    total $2,929,212

  • 24c · Other expenses: LOAN SERVICING EXPENSE

    total $2,446,359

  • 24d · Other expenses: ATM EXPENSE

    total $2,295,900

  • 24e · All other expenses

    total $1,650,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,030,000 · end of year $12,600,406

  • 2 · Savings and temporary cash investments

    beginning of year $71,488,280 · end of year $85,198,481

  • 5 · Loans and receivables from officers and key people

    beginning of year $25,330,770 · end of year $25,742,166

  • 7 · Other notes and loans receivable

    beginning of year $917,187,352 · end of year $1,500,658,466

  • 9 · Prepaid expenses and deferred charges

    beginning of year $825,413 · end of year $1,733,998

  • 10a · Land, buildings and equipment: cost or other basis

    $37,594,606

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,848,607

  • 10c · Land, buildings and equipment, net

    beginning of year $13,977,813 · end of year $25,745,999

  • 12 · Investments: other securities

    beginning of year $281,212,079 · end of year $466,725,750

  • 13 · Investments: program-related

    beginning of year $5,148,181 · end of year $17,005,371

  • 14 · Intangible assets

    beginning of year $892,645 · end of year $62,680,035

  • 15 · Other assets

    beginning of year $26,818,239 · end of year $45,714,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,465,792 · end of year $25,968,357

  • 21 · Escrow or custodial account liability

    beginning of year $4,725,190 · end of year $4,328,202

  • 23 · Secured mortgages and notes payable

    beginning of year $80,000,000 · end of year $32,853,277

  • 25 · Other liabilities

    beginning of year $1,181,732,147 · end of year $1,997,730,596

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $76,987,643 · end of year $182,924,908

Mission and programs · 2023

Mission

TO SERVE OUR COMMUNITY AND PARTNER WITH OUR MEMBERS TO OFFER VALUE ADDED FINANCIAL PRODUCTS, SERVICES, SOLUTIONS AND EXCELLENT MEMBER SERVICE.

Activities or mission (Part I)

MEMBER OWNED FINANCIAL INSTITUTION OFFERING A VARIETY OF SAVINGS AND LOAN PRODUCTS.

  • SERVE APPROXIMATELY 84,000 MEMBERS OFFERING A WIDE VARIETY OF LOAN AND DEPOSIT PRODUCTS.

As filed on the 2023 return.

Listed in Part VII

  • Jane Arsenault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Mary K Briand

    DIRECTOR

    Total calculated
    $8,056
    From this org
    $0
    From related orgs
    $0
    Other
    $8,056
    Hours/week
    3
  • Mukesh Dave

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Catherine Deburro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Henry Doyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • John Garrasi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ronald Guilmette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Joseph Kelleher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Joan Kuhn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Christiana Lancione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • David London

    ASSISTANT TREASURER

    Total calculated
    $7,320
    From this org
    $0
    From related orgs
    $0
    Other
    $7,320
    Hours/week
    3
  • John Mancini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Domenic P Mazzocco

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3
  • Paul McGowan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Peter A Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Bernard J Mulholland

    1ST VICE CHAIRMAN

    Total calculated
    $6,203
    From this org
    $0
    From related orgs
    $0
    Other
    $6,203
    Hours/week
    3
  • Arthur Odea

    2ND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3
  • Arthur Osborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Susan Osborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Alexander R Oski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Brittney T Pickering

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Leon Pratt Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Maureen Ronayne

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Stephanie A Sousa

    DIRECTOR

    Total calculated
    $10,639
    From this org
    $0
    From related orgs
    $0
    Other
    $10,639
    Hours/week
    3
  • Dorothea Sparrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • John F Torpey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • John Howard

    PRESIDENT / CEO

    Total calculated
    $909,534
    From this org
    $868,780
    From related orgs
    $0
    Other
    $40,754
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $683,112
    Bonus
    $185,668
    Other
    $0
    Deferred
    $23,100
    Nontaxable benefits
    $17,654
    Filer's total
    $909,534
  • Michael Valley

    EVP/ CFO & COO

    Total calculated
    $530,958
    From this org
    $498,150
    From related orgs
    $0
    Other
    $32,808
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $384,393
    Bonus
    $113,757
    Other
    $0
    Deferred
    $23,100
    Nontaxable benefits
    $9,708
    Filer's total
    $530,958
  • Bradford Egan

    EVP / CHIEF LENDING OFFICER

    Total calculated
    $598,919
    From this org
    $558,165
    From related orgs
    $0
    Other
    $40,754
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $444,408
    Bonus
    $113,757
    Other
    $0
    Deferred
    $23,100
    Nontaxable benefits
    $17,654
    Filer's total
    $598,919
  • Stephen Lynch

    SVP / INFORMATION TECHNOLOGY

    Total calculated
    $402,572
    From this org
    $361,818
    From related orgs
    $0
    Other
    $40,754
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $301,818
    Bonus
    $60,000
    Other
    $0
    Deferred
    $23,100
    Nontaxable benefits
    $17,654
    Filer's total
    $402,572
  • Yean-Ai Long

    SVP MARKETING

    Total calculated
    $309,981
    From this org
    $276,551
    From related orgs
    $0
    Other
    $33,430
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $241,578
    Bonus
    $34,973
    Other
    $0
    Deferred
    $15,926
    Nontaxable benefits
    $17,504
    Filer's total
    $309,981
  • Anthony Marino

    SVP ORGANIZATIONAL DEVELOPMENT

    Total calculated
    $259,356
    From this org
    $240,374
    From related orgs
    $0
    Other
    $18,982
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $210,263
    Bonus
    $30,111
    Other
    $0
    Deferred
    $16,826
    Nontaxable benefits
    $2,156
    Filer's total
    $259,356
  • Dante Dimassa

    SVP RESIDENTIAL LENDING

    Total calculated
    $288,548
    From this org
    $253,316
    From related orgs
    $0
    Other
    $35,232
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $213,316
    Bonus
    $40,000
    Other
    $0
    Deferred
    $17,732
    Nontaxable benefits
    $17,500
    Filer's total
    $288,548
  • Robert Piepenburg

    VP COMMERCIAL LENDING

    Total calculated
    $251,756
    From this org
    $230,308
    From related orgs
    $0
    Other
    $21,448
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $203,442
    Bonus
    $26,866
    Other
    $0
    Deferred
    $16,122
    Nontaxable benefits
    $5,326
    Filer's total
    $251,756
  • Christine Ronca

    SVP OPERATIONS

    Total calculated
    $240,172
    From this org
    $221,963
    From related orgs
    $0
    Other
    $18,209
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $191,963
    Bonus
    $30,000
    Other
    $0
    Deferred
    $15,053
    Nontaxable benefits
    $3,156
    Filer's total
    $240,172
  • John MacKenzie

    VP FINANCE

    Total calculated
    $255,496
    From this org
    $222,563
    From related orgs
    $0
    Other
    $32,933
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $187,563
    Bonus
    $35,000
    Other
    $0
    Deferred
    $15,579
    Nontaxable benefits
    $17,354
    Filer's total
    $255,496
  • Louis Serio

    VP IT

    Total calculated
    $238,468
    From this org
    $219,860
    From related orgs
    $0
    Other
    $18,608
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $189,860
    Bonus
    $30,000
    Other
    $0
    Deferred
    $15,390
    Nontaxable benefits
    $3,218
    Filer's total
    $238,468
  • Theresa Hayes

    VP ONLINE AND DIGITAL CHANNELS

    Total calculated
    $242,799
    From this org
    $204,048
    From related orgs
    $0
    Other
    $38,751
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $164,048
    Bonus
    $40,000
    Other
    $0
    Deferred
    $13,635
    Nontaxable benefits
    $25,116
    Filer's total
    $242,799
  • Tracy Mermet

    VP HUMAN RESOURCES

    Total calculated
    $239,552
    From this org
    $208,337
    From related orgs
    $0
    Other
    $31,215
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $178,337
    Bonus
    $30,000
    Other
    $0
    Deferred
    $13,896
    Nontaxable benefits
    $17,319
    Filer's total
    $239,552
  • Robert Cabral

    VP CONSUMER LENDING MANAGER

    Total calculated
    $203,137
    From this org
    $188,025
    From related orgs
    $0
    Other
    $15,112
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $166,915
    Bonus
    $21,110
    Other
    $0
    Deferred
    $13,162
    Nontaxable benefits
    $1,950
    Filer's total
    $203,137
  • John Himmel

    VP COLLECTIONS

    Total calculated
    $191,781
    From this org
    $163,185
    From related orgs
    $0
    Other
    $28,596
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $145,662
    Bonus
    $17,523
    Other
    $0
    Deferred
    $11,423
    Nontaxable benefits
    $17,173
    Filer's total
    $191,781
  • Annette Yee

    VP PROJECT DEVELOPMENT & CRA OFFICER

    Total calculated
    $185,426
    From this org
    $157,274
    From related orgs
    $0
    Other
    $28,152
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $140,583
    Bonus
    $16,691
    Other
    $0
    Deferred
    $11,009
    Nontaxable benefits
    $17,143
    Filer's total
    $185,426
  • Stephanie Lee

    VP OPERATIONS

    Total calculated
    $197,648
    From this org
    $176,301
    From related orgs
    $0
    Other
    $21,347
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $157,422
    Bonus
    $18,879
    Other
    $0
    Deferred
    $12,341
    Nontaxable benefits
    $9,006
    Filer's total
    $197,648
  • Anita Parker

    VP / RISK MANAGEMENT

    Total calculated
    $210,376
    From this org
    $195,251
    From related orgs
    $0
    Other
    $15,125
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $165,251
    Bonus
    $30,000
    Other
    $0
    Deferred
    $13,668
    Nontaxable benefits
    $1,457
    Filer's total
    $210,376
  • Glenn Prezzano

    VP CORPORATE COMMUNICATION & COMMUNITY RELATIONS

    Total calculated
    $188,561
    From this org
    $175,162
    From related orgs
    $0
    Other
    $13,399
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $160,511
    Bonus
    $14,651
    Other
    $0
    Deferred
    $11,999
    Nontaxable benefits
    $1,400
    Filer's total
    $188,561
  • Katie Lowery

    AVP MORTGAGE LENDING OPERATIONS

    Total calculated
    $215,176
    From this org
    $192,725
    From related orgs
    $0
    Other
    $22,451
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $177,725
    Bonus
    $15,000
    Other
    $0
    Deferred
    $13,135
    Nontaxable benefits
    $9,316
    Filer's total
    $215,176
  • Alyssa Perry

    AVP COMPLIANCE

    Total calculated
    $154,568
    From this org
    $140,131
    From related orgs
    $0
    Other
    $14,437
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $137,587
    Bonus
    $2,544
    Other
    $0
    Deferred
    $9,809
    Nontaxable benefits
    $4,628
    Filer's total
    $154,568
  • Paul Carriere

    MORTGAGE LOAN ORIGINATOR (OUTSIDE)

    Total calculated
    $212,502
    From this org
    $175,936
    From related orgs
    $0
    Other
    $36,566
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $153,805
    Bonus
    $22,131
    Other
    $0
    Deferred
    $12,315
    Nontaxable benefits
    $24,251
    Filer's total
    $212,502
  • Jon Almond

    AVP BSA/FRAUD MANAGER

    Total calculated
    $170,480
    From this org
    $136,018
    From related orgs
    $0
    Other
    $34,462
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $130,829
    Bonus
    $5,189
    Other
    $0
    Deferred
    $9,521
    Nontaxable benefits
    $24,941
    Filer's total
    $170,480
  • Zobeida Duarte

    AVP MEMBER SUPPORT

    Total calculated
    $151,165
    From this org
    $132,856
    From related orgs
    $0
    Other
    $18,309
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $117,856
    Bonus
    $15,000
    Other
    $0
    Deferred
    $9,300
    Nontaxable benefits
    $9,009
    Filer's total
    $151,165
  • Kristina Parkhurst

    AVP, ACCOUNTING MANAGER

    Total calculated
    $164,672
    From this org
    $130,681
    From related orgs
    $0
    Other
    $33,991
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $126,103
    Bonus
    $4,578
    Other
    $0
    Deferred
    $9,148
    Nontaxable benefits
    $24,843
    Filer's total
    $164,672
  • Megha Singh

    AVP COLLECTIONS

    Total calculated
    $155,593
    From this org
    $144,314
    From related orgs
    $0
    Other
    $11,279
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $132,314
    Bonus
    $12,000
    Other
    $0
    Deferred
    $10,102
    Nontaxable benefits
    $1,177
    Filer's total
    $155,593
  • David Trapp

    AVP ALM, PLANNING & BUDGETING

    Total calculated
    $165,935
    From this org
    $140,990
    From related orgs
    $0
    Other
    $24,945
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $140,990
    Bonus
    $0
    Other
    $0
    Deferred
    $8,052
    Nontaxable benefits
    $16,893
    Filer's total
    $165,935
  • Richard Wright

    STRATEGIC ADVISOR

    Total calculated
    $299,660
    From this org
    $289,419
    From related orgs
    $0
    Other
    $10,241
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $289,419
    Bonus
    $0
    Other
    $0
    Deferred
    $4,659
    Nontaxable benefits
    $5,582
    Filer's total
    $299,660
  • Nicole James

    EVP, CHIEF RETAIL OFFICER & CHIEF PEOPLE OFFICER

    Total calculated
    $226,631
    From this org
    $210,974
    From related orgs
    $0
    Other
    $15,657
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $210,974
    Bonus
    $0
    Other
    $0
    Deferred
    $10,075
    Nontaxable benefits
    $5,582
    Filer's total
    $226,631
  • Christopher White

    SVP DIGITAL CHANNELS

    Total calculated
    $165,450
    From this org
    $145,077
    From related orgs
    $0
    Other
    $20,373
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $145,077
    Bonus
    $0
    Other
    $0
    Deferred
    $10,155
    Nontaxable benefits
    $10,218
    Filer's total
    $165,450
  • Ronald Ryel

    VP INFORMATION SECURITY

    Total calculated
    $133,760
    From this org
    $123,231
    From related orgs
    $0
    Other
    $10,529
    Hours/week
    37.5
  • Lisa Rohmer

    SVP LOAN ADMINISTRATION

    Total calculated
    $128,956
    From this org
    $111,004
    From related orgs
    $0
    Other
    $17,952
    Hours/week
    37.5
  • Ann-Marie Gordon

    VP DEPOIST OPERATIONS

    Total calculated
    $125,693
    From this org
    $107,955
    From related orgs
    $0
    Other
    $17,738
    Hours/week
    37.5
  • Milagros Zayas

    VP MEMBER EXPERIENCE

    Total calculated
    $115,490
    From this org
    $98,453
    From related orgs
    $0
    Other
    $17,037
    Hours/week
    37.5
  • Timothy Frechette

    VP COMMERICAL LEDNING OFFICER

    Total calculated
    $102,994
    From this org
    $85,676
    From related orgs
    $0
    Other
    $17,318
    Hours/week
    37.5
  • Jseph Connors

    VP COMMUNITY & MEMBER ENGAGEMENT

    Total calculated
    $124,744
    From this org
    $107,557
    From related orgs
    $0
    Other
    $17,187
    Hours/week
    37.5
  • Sarita Ledani

    VP SEG, MEMBER GROWTH & DEVELOPMENT

    Total calculated
    $98,684
    From this org
    $82,803
    From related orgs
    $0
    Other
    $15,881
    Hours/week
    37.5
  • Pedro Lopes

    AVP TECHNOLOGY APPLICATIONS & AUTOMATION

    Total calculated
    $106,170
    From this org
    $85,558
    From related orgs
    $0
    Other
    $20,612
    Hours/week
    37.5
  • Gary Chandler

    VP GENERAL COUNSEL

    Total calculated
    $92,020
    From this org
    $81,307
    From related orgs
    $0
    Other
    $10,713
    Hours/week
    37.5
  • Paula Kerwin

    VP MARKETING

    Total calculated
    $78,690
    From this org
    $68,532
    From related orgs
    $0
    Other
    $10,158
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349317026

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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