Freedom Credit Union
Springfield, MA · EIN 04-1961180 · Rank 11,638 by total revenue
Our dynamic, sincere and helpful team provides membership value to individuals and businesses while managing a stable, community-minded financial institution
Money, Form 990 for tax year 2025
- Total revenue
- $40,594,063
- Total expenses
- $34,808,962
- Total assets
- $751,618,910
- Salary base (all salaries and wages)
- $8,303,781
- Salaries, other pay and benefits
- $10,499,697
- Employees
- 159
- Salary base per employee
- $52,225
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (17)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Glenn Welch | PRESIDENT | Officer | 45 | $450,571 |
| Lee Craig | CHIEF FINANCIAL OFFICER | Officer | 45 | $267,776 |
| Louis G Guillette | DIRECTOR | Board, Officer | 10 | None reported |
| William T Carey | CHAIRPERSON/DIRECTOR | Board, Officer | 5 | None reported |
| Brian D Harrington | VICE CHAIRPERSON/DIRECTOR | Board, Officer | 5 | None reported |
| William Flaherty | SECRETARY/TREASURER/DIRECTOR | Board, Officer | 5 | None reported |
| David Chase | VICE PRESIDENT OF BUSINESS | Key employee | 45 | $239,425 |
| Jeffrey Smith | VICE PRESIDENT OF LENDING | Key employee | 45 | $238,554 |
| Kara Herman | VICE PRESIDENT OF RETAIL A | Key employee | 45 | $221,124 |
| Cheryl Podgorski | VP OPERATIONS | Key employee | 45 | $210,054 |
| Donald C Emerson | DIRECTOR | Board | 5 | $3,005 |
| William G O'Brien | DIRECTOR | Board | 5 | None reported |
| Lawrence F Bouley | DIRECTOR | Board | 5 | None reported |
| Donald R Senecal | DIRECTOR | Board | 5 | None reported |
| Daniel Reigner | DIRECTOR | Board | 5 | None reported |
| Rondeau Nicole | DIRECTOR | Board | 5 | None reported |
| Mark Wayne | DIRECTOR | Board | 5 | None reported |
Top 10 paid people listed
These 10 people received $2,452,819, which is 29.5% of the $8,303,781 salary base shared by 159 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Glenn Welch | PRESIDENT | Officer | 45 | $413,475 | $0 | $37,096 | $450,571 |
| Lee Craig | CHIEF FINANCIAL OFFICER | Officer | 45 | $238,537 | $0 | $29,239 | $267,776 |
| Jack Vadnais | DIRECTOR OF FINANCIAL PLA | Highly paid employee | 45 | $176,517 | $0 | $63,868 | $240,385 |
| David Chase | VICE PRESIDENT OF BUSINESS | Key employee | 45 | $178,806 | $0 | $60,619 | $239,425 |
| Jeffrey Smith | VICE PRESIDENT OF LENDING | Key employee | 45 | $197,100 | $0 | $41,454 | $238,554 |
| Kara Herman | VICE PRESIDENT OF RETAIL A | Key employee | 45 | $180,036 | $0 | $41,088 | $221,124 |
| Gina Noblit | DIRECTOR OF HUMAN RESOURCE | Highly paid employee | 45 | $184,067 | $0 | $35,905 | $219,972 |
| Cheryl Podgorski | VP OPERATIONS | Key employee | 45 | $181,483 | $0 | $28,571 | $210,054 |
| Allen Reed | INFORMATION SECURITY OFFIC | Highly paid employee | 45 | $141,589 | $0 | $43,798 | $185,387 |
| Eugene Marceau Jr | IT ADMIN | Highly paid employee | 45 | $100,760 | $0 | $78,811 | $179,571 |
Sources
- IRS e-file return 202600909349300030 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 04-1961180
- Organization website (as filed): www.freedom.coop