Northeast Credit Union
Northeast Credit Union reports zero officer compensation despite over $1.8 billion in assets and $83 million in annual revenue.
EIN: 20222930 · Portsmouth, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $70.7M |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $169.5M |
| Transparency Score | 40/100 |
Is Northeast Credit Union Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Northeast Credit Union
Northeast Credit Union (EIN: 20222930) is a nonprofit organization based in Portsmouth, NH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeast Credit Union is a major nonprofit that has been operating for 50 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $83.5M |
| Total Expenses | $70.7M |
| Surplus / Deficit | +$12.9M |
| Total Assets | $1.9B |
| Total Liabilities | $1.7B |
| Net Assets | $169.5M |
| Operating Margin | 15.4% |
| Debt-to-Asset Ratio | 91.0% |
| Months of Reserves | 321.6 months |
Financial Health Grade: A
In 2022, Northeast Credit Union reported a surplus of $12.9M with revenue exceeding expenses, holds 321.6 months of operating reserves (strong position), has a debt-to-asset ratio of 91.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Northeast Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +11.1% | +8.3% | -4.5% |
| 2021 | -0.8% | -7.8% | +9.0% |
| 2020 | -0.7% | +7.9% | +17.7% |
| 2019 | +13.3% | +17.1% | +5.9% |
| 2018 | +22.9% | +23.5% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northeast Credit Union with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Northeast Credit Union allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.0%.
Executive Compensation Analysis
The IRS 990 filings for Northeast Credit Union consistently report 0% for officer compensation across all periods, including the latest 2022 filing where assets exceeded $1.8 billion and revenue was over $83 million. This is highly atypical for an organization of this scale and suggests that executive compensation may be reported under different categories or not fully disclosed in the 'Officer Comp' field of the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Northeast Credit Union's IRS 990 filings:
- Consistent reporting of $0 for officer compensation despite significant assets and revenue, raising transparency concerns.
- Lack of detailed expense breakdown (program, admin, fundraising) prevents a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Northeast Credit Union:
- Consistent revenue growth, with 2022 revenue at $83,517,105.
- Strong asset base, reaching $1,893,357,956 in 2022, indicating financial stability.
- Positive net income (revenue exceeding expenses) across all reported periods, demonstrating operational health.
Frequently Asked Questions about Northeast Credit Union
Is Northeast Credit Union a legitimate charity?
Northeast Credit Union (EIN: 20222930) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 40/100. It has 12 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Northeast Credit Union spend its money?
Northeast Credit Union reported its financials in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Northeast Credit Union tax-deductible?
Northeast Credit Union is registered as a tax-exempt nonprofit (EIN: 20222930). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northeast Credit Union CEO make?
Northeast Credit Union's highest-compensated officer earns $1.8 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Northeast Credit Union located?
Northeast Credit Union is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20222930.
How many years of IRS 990 filings does Northeast Credit Union have?
Northeast Credit Union has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why is officer compensation consistently reported as $0 on all IRS 990 filings, given the organization's size and revenue?
The consistent reporting of $0 for officer compensation on the IRS 990s for Northeast Credit Union, despite its substantial assets and revenue, is highly unusual and warrants further investigation into how executive compensation is structured and reported by the organization.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it impossible to calculate spending efficiency ratios.
How does Northeast Credit Union define and report its 'program service accomplishments' given its nature as a credit union?
As a credit union, its 'program services' would likely relate to providing financial services to its members, but the 990 data provided does not detail these accomplishments.
Filing History
IRS 990 filing history for Northeast Credit Union showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Northeast Credit Union's revenue has grown by 109.4%, moving from $39.9M to $83.5M. Total assets increased by 172% over the same period, from $696.1M to $1.9B. Total functional expenses rose by 115.9%, from $32.7M to $70.7M. In its most recent filing year (2022), Northeast Credit Union reported a surplus of $12.9M, with revenue exceeding expenses. The organization holds $1.7B in liabilities against $1.9B in assets (debt-to-asset ratio: 91.0%), resulting in net assets of $169.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $83.5M | $70.7M | $1.9B | $1.7B | — | View 990 |
| 2021 | $75.2M | $65.2M | $2.0B | $1.8B | — | View 990 |
| 2020 | $75.8M | $70.7M | $1.8B | $1.7B | — | View 990 |
| 2019 | $76.3M | $65.5M | $1.5B | $1.4B | — | View 990 |
| 2018 | $67.3M | $56.0M | $1.5B | $1.3B | — | View 990 |
| 2017 | $54.8M | $45.3M | $1.3B | $1.2B | — | View 990 |
| 2016 | $47.7M | $40.3M | $1.1B | $985.2M | — | View 990 |
| 2015 | $46.1M | $40.3M | $1.1B | $966.5M | — | View 990 |
| 2014 | $51.3M | $39.9M | $1.0B | $919.6M | — | View 990 |
| 2013 | $43.5M | $38.2M | $945.6M | $853.7M | — | View 990 |
| 2012 | $40.2M | $31.2M | $737.6M | $666.1M | — | View 990 |
| 2011 | $39.9M | $32.7M | $696.1M | $633.5M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $83.5M, expenses of $70.7M, and assets of $1.9B (revenue +11.1% year-over-year).
- 2021: Revenue of $75.2M, expenses of $65.2M, and assets of $2.0B (revenue -0.8% year-over-year).
- 2020: Revenue of $75.8M, expenses of $70.7M, and assets of $1.8B (revenue -0.7% year-over-year).
- 2019: Revenue of $76.3M, expenses of $65.5M, and assets of $1.5B (revenue +13.3% year-over-year).
- 2018: Revenue of $67.3M, expenses of $56.0M, and assets of $1.5B (revenue +22.9% year-over-year).
- 2017: Revenue of $54.8M, expenses of $45.3M, and assets of $1.3B (revenue +14.8% year-over-year).
- 2016: Revenue of $47.7M, expenses of $40.3M, and assets of $1.1B (revenue +3.6% year-over-year).
- 2015: Revenue of $46.1M, expenses of $40.3M, and assets of $1.1B (revenue -10.2% year-over-year).
- 2014: Revenue of $51.3M, expenses of $39.9M, and assets of $1.0B (revenue +17.9% year-over-year).
- 2013: Revenue of $43.5M, expenses of $38.2M, and assets of $945.6M (revenue +8.2% year-over-year).
- 2012: Revenue of $40.2M, expenses of $31.2M, and assets of $737.6M (revenue +0.9% year-over-year).
- 2011: Revenue of $39.9M, expenses of $32.7M, and assets of $696.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeast Credit Union:
Data Sources and Methodology
This transparency report for Northeast Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.