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.
Naveo Credit Union at a glance
- Total assets
- $171,284,500
- +0.6% vs 2023
- Revenue (2024)
- $8,053,625
- +18.3% vs 2023
- Net investment income (2024)
- $1,188,556
- +5.2% vs 2023
- Expenses (2024)
- $7,968,830
- +21.7% vs 2023
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated September 2026.
How to apply to Naveo Credit Union
Open Grants
2 open opportunities from Naveo Credit Union
Who Naveo Credit Union funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Alliance of Portuguese Speakers Cambridge, MA | Charitable Contributions | $10,000 |
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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 | $171,284,500 | $8,053,625 | $7,968,830 | — | — | $1,188,556 |
| 2023 | $170,305,612 | $6,809,632 | $6,549,902 | $10,000 | 1 | $1,130,071 |
| 2022 | $168,948,495 | $5,538,258 | $5,370,125 | — | — | $1,030,819 |
| 2021 | $178,250,990 | $5,441,719 | $4,994,317 | — | — | — |
| 2020 | $162,064,758 | $6,679,739 | $5,059,453 | — | — | $638,983 |
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.
Leadership & Key People
Officers and directors from IRS filings
Naveo Credit Union is led by Andrea White, President since 2024 (on filings since 2020); 6 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Andrea White
President
Chief Executive Officer → President & CEO, 2023
President & CEO → President, 2024
On filings since 2020
40 hrs/week
$45K (2020) → $497K (2024)
Leontina Mancini
Chairperson
Chairperson of the Board → Chairperson, 2023
On filings since 2020
2 hrs/week
No compensation reported
Jennifer Lawrence
Director
On filings since 2020
2 hrs/week
No compensation reported
Manuel Da Silva
Director
Board Member → Director, 2023
On filings since 2020
2 hrs/week
No compensation reported
Jason Alves
Director
On filings since 2021
2 hrs/week
No compensation reported
Mario G. Brum II
Director
On filings since 2021
2 hrs/week
No compensation reported
Jamie Levine
Vice President Human Res
Vice President Hr → Vice President Human Resources, 2023
Vice President Human Resources → Vice President Human Res, 2024
On filings since 2022
40 hrs/week
$113K (2022) → $142K (2024)
Michael Dwyer
Vice President of Operat
Vice President Operations → Vice President of Operat, 2024
On filings since 2023
40 hrs/week
$113K (2023) → $121K (2024)
Ana Santos
Assistant Vice President of Lendi
New on the 2024 filing
40 hrs/week
$108K (2024)
Brenda Tam
CFO
New on the 2024 filing
40 hrs/week
$197K (2024)
Karen Yee
Senior Vice President & Chief Le
New on the 2024 filing
40 hrs/week
$191K (2024)
Charles Montemor
Treasurer
Director → Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
Isaac M Machado
Vice Chairperson
Board Member → 1st Vice Chairman, 2023
1st Vice Chairman → Vice Chairperson, 2024
On filings since 2020
2 hrs/week
No compensation reported
Paul Ferreira
Secretary
Secretary & Clerk → 2nd Vice Chairman, 2023
2nd Vice Chairman → Secretary, 2024
On filings since 2020
2 hrs/week
No compensation reported
Former officers (10)
- Former: Albert Pinho (2020–2023) — Senior Vice President Lending
- Former: Kevin George (2020–2023) — Vice President Fiance
- Former: Lindsay Lucke (2020–2023) — Secretary & Clerk
- Former: Sonja Darai (2020–2023) — Director
- Former: Adam Carpenter (2023) — Vice President Technology
- Former: Christopher Alphen (2020–2022) — Director
- Former: Charles McCannon (2020) — Director
- Former: John C Feitor (2020) — Former Board Member
- Former: Maria Santos (2020) — Board Member
- Former: Rui Domingos (2020) — Former CEO
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 $497K, to Andrea White (President/Ce). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Naveo Credit Union
How large is Naveo Credit Union?
Naveo Credit Union reported $171.3M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $8.1M.
Where does Naveo Credit Union operate?
Naveo Credit Union has awarded grants in Massachusetts.
What is Naveo Credit Union's EIN?
Naveo Credit Union's EIN (Employer Identification Number) is 04-1144988. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Naveo Credit Union's focus areas in our free grants database
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Funders with grantees in common, and similar funders in Massachusetts
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Assets
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Total Given
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More similar funders
More Funders in Massachusetts
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Naveo Credit Union down — hundreds of funders to go?