Naveo Credit Union
THE PROMOTION OF THRIFT AMONG ITS MEMBERS BY THE ACCUMULATION OF THEIR SAVINGS AND THE LOANING OF SUCH SAVINGS BACK TO ITS MEMBERS AT A MODERATE RATE OF INTEREST. PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE INDIVIDUALS WHO QUALIFY FOR MEMBERSHIP. THE FIELD OF MEMBERSHIP IS DEFINED IN THE CREDIT UNION'S BYLAWS WITH A SIGNIFICANT CONCENTRATION OF MEMBERS RESIDING IN SOMERVILLE AND CAMBRIDGE, MASSACHUSETTS AND SURROUNDING COMMUNITIES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$171.3M
+0.6% YoY
Revenue
$8.1M
+18.3% YoY
Net Investment Income
$1.2M
+5.2% YoY
Expenses
$8.0M
+21.7% YoY
About Naveo Credit Union
Based on IRS filings
Naveo Credit Union is a nonprofit organization, based in SOMERVILLE, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $171.3M in total assets. Net investment income was $1.2M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $171,284,500 | $170,305,612 | $168,948,495 |
| Revenue | $8,053,625 | $6,809,632 | $5,538,258 |
| Expenses | $7,968,830 | $6,549,902 | $5,370,125 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,188,556 | $1,130,071 | $1,030,819 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Open Grants
2 open opportunities from Naveo Credit Union
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREA WHITE | PRESIDENT/CE | 40 | $496,828 |
| KAREN YEE | SVP/CHIEF LE | 40 | $190,542 |
| BRENDA TAM | CFO | 40 | $196,695 |
| JAMIE LEVINE | VP HUMAN RES | 40 | $141,805 |
| MICHAEL DWYER | VP OF OPERAT | 40 | $121,368 |
| ANA SANTOS | AVP OF LENDI | 40 | $107,995 |
| JASON ALVES | DIRECTOR | 2 | — |
| PAUL FERREIRA | SECRETARY | 2 | — |
| MARIO G BRUM II | DIRECTOR | 2 | — |
| JENNIFER LAWRENCE | DIRECTOR | 2 | — |
| ISAAC MACHADO | VICE CHAIRPE | 2 | — |
| LEONTINA MANCINI | CHAIRPERSON | 2 | — |
| CHARLES MONTEMOR | TREASURER | 2 | — |
| MANUEL DA SILVA | DIRECTOR | 2 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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