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httpsheritagefcucomaboutwhatmakesusdifferent Credit Union
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$43.5M
Program Spending
0%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$44.1M
Total Assets
$731M
Total Liabilities
▼$680.4M
Net Assets
$50.6M
Officer Compensation
→$3.6M
Other Salaries
$7.7M
Investment Income
$1.8M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.4M
Awards Found
2
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.8M | FY2021 | Jun 2021 – Dec 2023 | Open → |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $557K | FY2020 | Sep 2020 – Dec 2023 | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $1.7M | No | 2026-09-24 |
| 2022 | Clean | Unmodified (Clean) | $1.7M | No | 2023-06-08 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $43.5M | $0 | $44.1M | $731M | $50.6M |
| 2023IRS e-File | $39.4M | $0 | $35.8M | $712M | $50.5M |
| 2022 | $31.2M | $0 | $26.2M | $623.3M | $47.2M |
| 2021 | $27.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| Michael Ciriello | Ceopresident | 40 | $556.3K | $0 | $37.7K | $594.1K |
| Frederick Cornelius | EVP | 40 | $291K | $0 | $31.1K | $322.1K |
| Jonathan Shakelton | COO | 40 | $204.9K | $0 | $19K | $223.9K |
| Juliette Mckerrell | SVP Of Commercial | 40 | $180.7K | $0 | $14.5K | $195.2K |
| Luke Dearmond | VP Of Lending | 40 | $171.1K | $0 | $15.9K | $187.1K |
| Maryann Maikisch | VP Of Hr | 40 | $169K | $0 | $17.6K | $186.6K |
| Jamie Carolan | VP Of Finance | 40 | $170.8K | $0 | $5,012 | $175.8K |
| Michael Desieno | Avp Of It | 40 | $137.1K | $0 | $28.5K | $165.7K |
| Angela Morrill | Avp Of Retail | 40 | $138.5K | $0 | $7,461 | $146K |
| Mario Guarneri | VP Of Audit | 40 | $135.8K | $0 | $3,075 | $138.9K |
| Christopher Hagar | Avp Of Sales Service | 40 | $129.6K | $0 | $6,320 | $135.9K |
| Rena D'Andraia | Avp Of Marketing | 40 | $105.7K | $0 | $25.9K | $131.5K |
| Nicole Benedetto | Avp Of Cu Operations | 40 | $118.8K | $0 | $11.3K | $130.1K |
| Gregory Beckwith | Avp Of Sbo | 40 | $129.6K | $0 | $0 | $129.6K |
| Michelle Rodriguez-Soto | Avp Of Lending Product | 40 | $121K | $0 | $3,216 | $124.2K |
| Glenda Serrano | Chief Of Staff | 40 | $112.8K | $0 | $6,128 | $118.9K |
| Jillian Sequist | Avp Of Loan Operations | 40 | $96.8K | $0 | $8,128 | $104.9K |
Michael Ciriello
Ceopresident
$594.1K
Hrs/Wk
40
Compensation
$556.3K
Related Orgs
$0
Other
$37.7K
Frederick Cornelius
EVP
$322.1K
Hrs/Wk
40
Compensation
$291K
Related Orgs
$0
Other
$31.1K
Jonathan Shakelton
COO
$223.9K
Hrs/Wk
40
Compensation
$204.9K
Related Orgs
$0
Other
$19K
Juliette Mckerrell
SVP Of Commercial
$195.2K
Hrs/Wk
40
Compensation
$180.7K
Related Orgs
$0
Other
$14.5K
Luke Dearmond
VP Of Lending
$187.1K
Hrs/Wk
40
Compensation
$171.1K
Related Orgs
$0
Other
$15.9K
Maryann Maikisch
VP Of Hr
$186.6K
Hrs/Wk
40
Compensation
$169K
Related Orgs
$0
Other
$17.6K
Jamie Carolan
VP Of Finance
$175.8K
Hrs/Wk
40
Compensation
$170.8K
Related Orgs
$0
Other
$5,012
Michael Desieno
Avp Of It
$165.7K
Hrs/Wk
40
Compensation
$137.1K
Related Orgs
$0
Other
$28.5K
Angela Morrill
Avp Of Retail
$146K
Hrs/Wk
40
Compensation
$138.5K
Related Orgs
$0
Other
$7,461
Mario Guarneri
VP Of Audit
$138.9K
Hrs/Wk
40
Compensation
$135.8K
Related Orgs
$0
Other
$3,075
Christopher Hagar
Avp Of Sales Service
$135.9K
Hrs/Wk
40
Compensation
$129.6K
Related Orgs
$0
Other
$6,320
Rena D'Andraia
Avp Of Marketing
$131.5K
Hrs/Wk
40
Compensation
$105.7K
Related Orgs
$0
Other
$25.9K
Nicole Benedetto
Avp Of Cu Operations
$130.1K
Hrs/Wk
40
Compensation
$118.8K
Related Orgs
$0
Other
$11.3K
Gregory Beckwith
Avp Of Sbo
$129.6K
Hrs/Wk
40
Compensation
$129.6K
Related Orgs
$0
Other
$0
Michelle Rodriguez-Soto
Avp Of Lending Product
$124.2K
Hrs/Wk
40
Compensation
$121K
Related Orgs
$0
Other
$3,216
Glenda Serrano
Chief Of Staff
$118.9K
Hrs/Wk
40
Compensation
$112.8K
Related Orgs
$0
Other
$6,128
Jillian Sequist
Avp Of Loan Operations
$104.9K
Hrs/Wk
40
Compensation
$96.8K
Related Orgs
$0
Other
$8,128
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Shawn Simmons | Mlo Ii | 40 | $154.6K | $0 | $20.4K | $174.9K |
| Samantha Primo | Mlo Ii | 40 | $165.6K | $0 | $8,804 | $174.4K |
| Linda Bow | Director Of Compliance | 40 | $125.8K | $0 | $15.1K | $141K |
| Faber Carmona | Director Of Lending | 40 | $99.9K | $0 |
Shawn Simmons
Mlo Ii
$174.9K
Hrs/Wk
40
Compensation
$154.6K
Related Orgs
$0
Other
$20.4K
Samantha Primo
Mlo Ii
$174.4K
Hrs/Wk
40
Compensation
$165.6K
Related Orgs
$0
Other
$8,804
Linda Bow
Director Of Compliance
$141K
Hrs/Wk
40
Compensation
$125.8K
Related Orgs
$0
Other
$15.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Jennifer Ryan | Treasurer | — | $0 | $0 | $0 | $0 |
| John Boyle | Director | — | $0 | $0 | $0 | $0 |
| John Naumchik | Director | — | $0 | $0 | $0 | $0 |
| Kenneth Affeldt | Chairperson | — | $0 | $0 | $0 | $0 |
| Nicholas Giglio | Director | — | $0 | $0 | $0 | $0 |
| Sandra Gerow | Secretary |
Jennifer Ryan
Treasurer
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
John Boyle
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
John Naumchik
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $23.5M |
| $534.9M |
| $44.6M |
| 2021 | 990 | DataIRS e-File |
| $21.9K |
| $121.8K |
| Daniel Rappaport | Manager Of Real Estate | 40 | $99.3K | $0 | $12.5K | $111.8K |
Faber Carmona
Director Of Lending
$121.8K
Hrs/Wk
40
Compensation
$99.9K
Related Orgs
$0
Other
$21.9K
Daniel Rappaport
Manager Of Real Estate
$111.8K
Hrs/Wk
40
Compensation
$99.3K
Related Orgs
$0
Other
$12.5K
| — |
| $0 |
| $0 |
| $0 |
| $0 |
| Thomas Houston | Vice Chairperson | — | $0 | $0 | $0 | $0 |
Kenneth Affeldt
Chairperson
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Nicholas Giglio
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Sandra Gerow
Secretary
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Houston
Vice Chairperson
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0