Metro Credit Union
Metro Credit Union is a Chelsea, Massachusetts-based public charity that provides loan and deposit products to members. Its community grantmaking is carried out through the Metro Credit Union Foundation, established in 2023 to invest in organizations, initiatives, and programs that contribute to the economic and social well-being of local communities and residents.
Metro Credit Union at a glance
In short: Metro Credit Union gave $217K across 10 grants in 2024 (avg $22K), mostly in Massachusetts. 30% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $217,219
- -13.8% vs 2023
- Grants made (2024)
- 10
- +0.0% vs 2023
- Average grant
- $21,722
- -13.8% vs 2023
- Median grant
- $10,050
- Total assets
- $3,440,032,348
- +0.8% vs 2023
- New grantees (estimate)
- 30% first-time grantees (3 of 10, 2024; small sample)
- Primary geography
- Massachusetts (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Metro Credit Union
- How to Apply
-
Submit an application by the stated deadline. The Foundation’s guidelines require applicants to be qualified, tax-exempt 501(c)(3) nonprofits with programs serving a majority of low- to moderate-income populations.
- Review Cycle
- October 15, 2026.
- Deadline
- October 15, 2026.
- Contact
Mailing address: 200 Revere Beach Parkway, Chelsea, MA 02150
Phone: (877) 696-3876
Website: https://metrocu.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Metro Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Metro Credit Union Foundation Inc ($106K). Together the top 10 received $217K.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 34 grants of 37 (92%).
Geographic Focus
Where this funder awards grants
Metro is based in Chelsea, Massachusetts. In its 2024 grant filing, 93% of grant dollars went to recipients in Massachusetts, 4% to Utah, and 3% to Colorado. The Foundation’s guidelines also state that it funds organizations within Metro’s field of membership.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Metro Credit Union open to new grantees?
30%
first-time grantees, 2024
In 2024, 3 of 10 grantees (30%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $7K; repeat grants $28K. How we count
Medians: $7K first-time, $11K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $58K (2020) to $252K (2023). In 2024 it made 10 grants totaling $217K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Metro Credit Union Foundation Inc Chelsea, MA | Donation | $106,100 |
| The City of Boston Boston, MA | Donation | $29,040 |
| Cooperative Cu Association Marlborough, MA | Donation | $19,964 |
| Greater Boston Association of Realtors Boston, MA | Sponsorship | $11,250 |
| Trustees of Boston University Boston, MA | Donation | $10,100 |
| The Neighborhood Developers Inc Chelsea, MA | Donation | $10,000 |
| Second Chance Cars Concord, MA | Donation | $9,238 |
| Banzai Inc Provo, UT | Sponsorship | $8,777 |
| Community Impact Fund Greenwood Village, CO | Donation | $7,000 |
| Massachusetts Coalition for the Homeless Lynn, MA | Donation | $5,750 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,440,032,348 | $173,359,884 | $166,107,473 | $217,219 | 10 | $14,730,944 |
| 2023 | $3,414,191,630 | $149,461,871 | $134,522,388 | $251,918 | 10 | $9,914,621 |
| 2022 | $3,156,507,565 | $114,336,853 | $83,937,696 | $87,105 | 7 | $1,759,371 |
| 2021 | $2,510,941,078 | $92,937,477 | $78,093,785 | $75,000 | 3 | $7,603,899 |
| 2020 | $2,385,374,276 | $101,297,996 | $85,388,608 | $57,500 | 7 | $17,269,870 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Metro Credit Union’s stated mission is to provide loan and deposit products to members to help them meet their financial needs. The Foundation focuses on community development that creates vibrant and equitable neighborhoods; safe and affordable housing, including homeownership access; and financial wellness and advancement.
The Foundation accepts applications from qualified, tax-exempt 501(c)(3) nonprofits. Its guidelines specify program initiatives, rather than general operating support. Examples of supported grantees include The Neighborhood Developers, whose stated mission is to help community members secure stable homes and achieve economic mobility, and Second Chance Cars, whose stated mission is to provide affordable vehicles so low-income people can enter the workforce.
Grantmaking
In filing year 2024, Metro reported 10 grants totaling $217,219. The grants ranged from $5,750 to $106,100, with a median of $10,050. The largest listed grants included $106,100 to Metro Credit Union Foundation Inc. and $29,040 to the City of Boston. Other recipients included The Neighborhood Developers ($10,000) and Second Chance Cars ($9,238).
The Foundation says grants are awarded twice a year and are generally in the $3,000–$10,000 range. Applicants must submit an application by the deadline; awards are paid directly to recipients. An organization may receive one grant per calendar year and is ineligible to apply the following calendar year. Priority is given to organizations that have not previously received funding.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert M. Cashman as President, CEO, and Director. Directors listed include David Holzman, Arnold S. Baer, Bion Foster, Donna Lee, John Imbergamo, Peter Harris, Paul M. Gulko, and Mark Smoller. Joseph Zang is listed as a director whose service ended in August 2024.
Metro Credit Union is led by Robert M. Cashman, President, CEO & Director since 2021 (on filings since 2020); 14 of 25 officers listed in 2024 are compensated.
Officers on the 2024 filing
Robert M. Cashman
President, CEO & Director
President & CEO → President, CEO & Director, 2021
On filings since 2020
40 hrs/week
$1.2M (2020) → $1.6M (2024)
Mark Smoller
Director & Chairman
Director & Chairman of the Board → Director & Chairman, 2021
On filings since 2020
2 hrs/week
No compensation reported
Arnold S. Baer
Director & Assistant Clerk
Director → Director & Assistant Clerk, 2022
On filings since 2020
2 hrs/week
No compensation reported
Bion Foster
Director
On filings since 2020
2 hrs/week
No compensation reported
David Holzman
Director
On filings since 2020
2 hrs/week
No compensation reported
Donna Lee
Director
On filings since 2020
2 hrs/week
No compensation reported
John Imbergamo
Director & Vice Chairman
On filings since 2020
2 hrs/week
No compensation reported
Joseph Zang
Director
On filings since 2020
2 hrs/week
No compensation reported
Paul M. Gulko
Director & Clerk
Director → Director & Clerk, 2022
On filings since 2020
2 hrs/week
No compensation reported
Peter Harris
Director & Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Adam Frank
Director
On filings since 2021
2 hrs/week
No compensation reported
Marta Rosa
Director
On filings since 2023
2 hrs/week
No compensation reported
Charlene Bauer
Senior Vice President Member Experience
Senior Vice President Outreach, Advocacy & C → Senior Vice President Outreach, Advocacy & CDO, 2023
Senior Vice President Outreach, Advocacy & CDO → Senior Vice President Member Experience, 2024
On filings since 2020
40 hrs/week
$231K (2020) → $266K (2024)
James Herndon
Senior Vice President Human Resources
On filings since 2020
40 hrs/week
$200K (2020) → $231K (2024)
Lucas Ross
Assistant Vice President Mortgage Operations
Mortgage Specialist Manager → Assistant Vice President Mortgage Operations, 2024
On filings since 2020
40 hrs/week
$521K (2020) → $213K (2024)
Maria A. Justiniano
Senior Vice President Lending
On filings since 2020
40 hrs/week
$213K (2020) → $310K (2024)
Traci Michel
Senior Vice President, COO & Cso
Senior Vice President Operations → Chief Operating Officer, 2021
Chief Operating Officer → Senior Vice President, COO & Cso, 2023
On filings since 2020
40 hrs/week
$339K (2020) → $467K (2024)
Kevin Malone
Senior Vice President Senior Commericial Lender
Senior Vice President Senior Commericial Lender → Senior Vice President Senior Commericial Len, 2022
Senior Vice President Senior Commericial Len → Senior Vice President Senior Commericial Lender, 2023
On filings since 2021
40 hrs/week
$297K (2021) → $358K (2024)
Eric Gilliland
Vice President Commercial Relationship Manager
On filings since 2022
40 hrs/week
$282K (2022) → $284K (2024)
Jason Truong
Vice President Commercial Relationship Manager
On filings since 2023
40 hrs/week
$191K (2023) → $196K (2024)
Kim Monahan
Credit Risk & Portfolio Management
On filings since 2023
40 hrs/week
$233K (2023) → $234K (2024)
Shauna Glazebrook
Vice President Mortgage Operations
On filings since 2023
40 hrs/week
$207K (2023) → $210K (2024)
Amylynn Moody
Chief People Officer
New on the 2024 filing
40 hrs/week
$295K (2024)
Lawrence Standford
Senior Vice President & CFO
New on the 2024 filing
40 hrs/week
$302K (2024)
Monica Santos
Senior Vice President & Chief Marketing
New on the 2024 filing
40 hrs/week
$190K (2024)
Former officers (15)
- Former: Erik Porter (2020–2023) — CFO
- Former: Marie O'Neill (2020–2023) — Senior Vice President Engagement & Experience
- Former: Amy Moody (2023) — Chief People Officer
- Former: Deborah Frank (2023) — Mortgage Originator
- Former: Alex McMaster (2020–2022) — Loan Originator
- Former: Arthur Cohan (2020–2022) — Director
- Former: Jeffrey Accaputo (2020–2022) — Mortgage Client Services S
- Former: Kevin Gannon (2022) — Mortgage Loan Originator
- Former: Gregory Spencer (2020–2021) — Senior Vice President Strategic Initiatives
- Former: Joseph Gannon (2020–2021) — Mortgage Loan Originator
- Former: Michael McGovern (2020–2021) — Senior Vice President Technology Infrastruct
- Former: Thomas Shewalter (2020–2021) — Mortgage Loan Originator
- Former: David Varno (2021) — Mortgage Specialist
- Former: Marvin L. Cashman (2020) — Director
- Former: Paul F. Swart (2020) — Senior Vice President Reginal Administration
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.6M, to Robert M Cashman (President/CEO/Director). 14 officers or directors reported compensation on that filing.
Frequently asked questions about Metro Credit Union
How much does Metro Credit Union give each year?
Metro Credit Union gave $217K across 10 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $252K across 10 grants.
What is Metro Credit Union's typical grant size?
Metro Credit Union's median grant in 2024 was $10,050, and its average grant was $21,722, across 10 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Metro Credit Union that year got $7K on average.
Where does Metro Credit Union give grants?
Metro Credit Union gives mostly in Massachusetts: 93% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Boston, MA (3 grants) and Chelsea, MA (2 grants).
Does Metro Credit Union give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Metro Credit Union's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Donation" (8 grants).
Who are Metro Credit Union's largest grantees?
Metro Credit Union's largest 2024 grantees include Metro Credit Union Foundation Inc ($106,100), The City of Boston ($29,040) and Cooperative Cu Association ($19,964), according to its 2024 IRS Form 990. Together they received 71% of its itemized 2024 grant dollars.
How large is Metro Credit Union?
Metro Credit Union reported $3.4B in total assets on its 2024 IRS Form 990. Its revenue that year was $173.4M.
What does Metro Credit Union fund?
Metro Credit Union’s stated mission is to provide loan and deposit products to members to help them meet their financial needs. See mission & focus areas ↑
How do I apply for a grant from Metro Credit Union?
Submit an application by the stated deadline. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Metro Credit Union's EIN?
Metro Credit Union's EIN (Employer Identification Number) is 04-1695745. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Massachusetts
Massachusetts Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Metro Credit Union's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Metro Credit Union funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/metro-credit-union-morg_a7805c3ce9e846ab9e87443ce083f2db
BibTeX
@misc{grantable_041695745_2026,
author = {{Grantable}},
title = {{Metro Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/metro-credit-union-morg_a7805c3ce9e846ab9e87443ce083f2db},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Metro Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Metro Credit Union down — hundreds of funders to go?