Jeanne Darc Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Jeanne Darc Credit Union is a 501(c)(14) organization based in Lowell, Massachusetts, registered in 1935, with $106,187,337 in FY2024 revenue. CharityIndex grades it A.
1 Tremont Pl, Lowell, MA, 01854 EIN 04-1231965 Since 1935
Revenue (FY2024)
$106.2M
▲ 17.0% vs prior year
Expenses (FY2024)
$101.2M
Net assets
$162.3M
Employees
348
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jeanne Darc Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jeanne Darc Credit Union: 19 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Jeanne Darc Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jeanne Darc Credit Union: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Jeanne d'arc credit union is a full service, member-owned community based credit union.
Contact & location
- Address
- 1 Tremont Pl, Lowell, MA, 01854
- City
- Lowell
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $41.3M (FY2013) to $106.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.0BNet assets $162.3M
Operating margin
4.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$2.0B
Net assets
$162.3M
Salaries & benefits
$24.7M
24% of expenses
Board members
8
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $106,187,337▲17.0% | $101,213,326▲25.1% | $162,302,285▲3.1% | $2,210,721,000▲3.8% | 990 |
| 2023 | $90,760,931▲36.3% | $80,898,300▲41.9% | $157,365,092▲5.2% | $2,129,780,000▲3.8% | 990 |
| 2022 | $66,569,870▲12.3% | $56,996,665▲8.8% | $149,639,992▲6.0% | $2,051,657,522▲14.5% | 990 |
| 2021 | $59,293,841▼5.3% | $52,364,280▼6.8% | $141,231,595▲5.0% | $1,792,528,408▲8.4% | 990 |
| 2020 | $62,626,890▼4.8% | $56,171,258▼3.2% | $134,496,242▲5.7% | $1,653,319,791▲13.7% | 990 |
| 2019 | $65,784,640▲4.3% | $58,011,234▲10.2% | $127,216,898▲7.0% | $1,454,259,791▲4.7% | 990 |
| 2018 | $63,060,835▲10.2% | $52,624,630▲5.5% | $118,916,636▲9.0% | $1,388,832,412▲3.6% | 990 |
| 2017 | $57,234,585▲6.5% | $49,870,089▲8.0% | $109,072,253▲7.5% | $1,340,053,322▲8.7% | 990 |
| 2016 | $53,732,508▲11.9% | $46,186,256▲5.4% | $101,425,908▲8.3% | $1,232,428,644▲5.0% | 990 |
| 2015 | $48,013,841▲10.7% | $43,829,269▲14.1% | $93,640,450▲4.4% | $1,173,428,666▲7.7% | 990 |
| 2014 | $43,375,439▲5.1% | $38,406,970▲4.6% | $89,727,875▲10.1% | $1,089,633,441▲6.2% | 990 |
| 2013 | $41,258,084 | $36,714,733▲7.5% | $81,515,266▼3.7% | $1,026,005,689▲2.1% | 990 |
| 2012 | — | $34,166,390▼7.2% | $84,670,531▲6.0% | $1,005,233,473▲9.2% | 990 |
| 2011 | — | $36,831,049▼9.1% | $79,899,009▲2.6% | $920,638,638▲1.8% | 990 |
| 2010 | — | $40,504,107 | $77,845,874 | $904,488,654 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mark S Cochran — $1,000,465 (0.99% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark S Cochran | President/ceo/dir. (ended 8/2024) | 40 | $1,000,465 |
| Michael P Dubuque | Evp & Coo (ended 10/2024) | 40 | $892,841 |
| James Hirbour | Senior Loan Officer | 40 | $753,367 |
| Joseph M Princi II | Svp & Cfo | 40 | $573,761 |
| Brian Sousa | Svp & Clo | 40 | $494,065 |
| Robin Lorenzen | Svp & Cmo | 40 | $312,610 |
| Larissa Thurston | President/ceo (as of 8/2024) | 40 | $276,125 |
| Grant Alois | Svp & Cio (as of 1/2024) | 40 | $270,500 |
| Gerard L Stevens | Senior Loan Officer | 40 | $260,451 |
| Keith M Micavich | Senior Loan Officer | 40 | $256,256 |
| Kara Doyle | Vp Commercial Lending | 40 | $245,656 |
| Paul Mcdonald | Vp Residential & Consumer | 40 | $217,328 |
| Susan Green | Director | 1 | $7,034 |
| Henri Marchand | Director | 1 | $6,950 |
| Joanne Yestramski | Clerk/secretary | 1 | $6,950 |
| John Chemaly | Vice Chair | 1 | $6,950 |
| Naomi Prendergast | Chairman | 1 | $6,950 |
| William Soucy | Director | 1 | $6,950 |
| Socrates De La Cruz | Director | 1 | $6,936 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Acre Crossing LLC | Construction | $5,858,298 |
| Fiserv Inc | It-core System | $1,740,266 |
| Alkami Technology Inc | Internet Banking | $1,230,303 |
| Worldcom Exchange Inc | It Services | $1,111,519 |
| Wolf & Company PC | Audit & Tax Services | $366,686 |
Grants made · $422K in FY2024
8 grants totaling $422K in FY2024. All grants made by Jeanne Darc Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| We Share A Common Thread Foundation Inc | Contributions | $297,341 |
| Lowell Memorial Auditorium | Contributions | $50,000 |
| Lowell Festival Foundation | Contributions | $19,000 |
| Lawrence Partnership | Contributions | $15,000 |
| Spectacle Management | Contributions | $15,000 |
| Lowell Plan Inc | Contributions | $10,000 |
| Greater Lowell Chamber of Commerce Inc | Contributions | $8,000 |
| Service Credit Union Impact Foundation | Contributions | $7,500 |
Frequently asked questions
- Is Jeanne Darc Credit Union a legitimate nonprofit?
- Yes. Jeanne Darc Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 04-1231965, based in Lowell, Massachusetts.
- What is Jeanne Darc Credit Union's EIN?
- Jeanne Darc Credit Union's Employer Identification Number (EIN) is 04-1231965.
- How much revenue does Jeanne Darc Credit Union report?
- Jeanne Darc Credit Union reported $106,187,337 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Jeanne Darc Credit Union have?
- CharityIndex grades Jeanne Darc Credit Union A, based on financial health (reserves and operating margin).
- How much does Jeanne Darc Credit Union's highest-paid employee make?
- The highest reported compensation on Jeanne Darc Credit Union's latest Form 990 is $1,000,465, paid to Mark S Cochran (President/ceo/dir. (ended 8/2024)).
More nonprofits in Lowell
Explore more
Data for Jeanne Darc Credit Union (EIN 04-1231965) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.