Service Credit Union
Service Credit Union was based in Portsmouth, New Hampshire. Its 2020 IRS filing is marked as a final return: it states that the organization converted to a federal credit union on September 30, 2020, and ceased to exist as a state-chartered tax-exempt credit union. It therefore appears to have wound down in this form; its 2020 filing records grants, but does not establish current grantmaking by this filing entity.
Service Credit Union at a glance
In short: Service Credit Union gave $473.2M across 15 grants in 2020 (avg $31.5M), mostly in New Hampshire. Source: 2020 IRS Form 990.
- Annual giving (2020)
- $473,152,688
- Grants made (2020)
- 15
- Average grant
- $31,543,513
- Median grant
- $20,000
- Primary geography
- New Hampshire (100% of itemized 2020 grant dollars)
- Latest 990 filing
- Form 990, 2020 View filing
Data from IRS Form 990, 2020; updated September 2026.
How to apply to Service Credit Union
- Contact
Mailing address: 3003 Lafayette Road, Portsmouth, NH 03801
Phone: (603) 422-8300
Website: https://servicecu.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Service Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2020
The largest 2020 recipient was Service Federal Credit Union ($472.5M). Together the top 10 received $473.1M.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 10 grants of 15 (67%).
Geographic Focus
Where this funder awards grants
The 2020 filing reports that 100% of grant dollars went to recipients in New Hampshire and less than 1% to recipients in Wisconsin. The listed grants were concentrated in New Hampshire; one listed recipient, Worldwide Foundation of Credit Unions, was in Madison, Wisconsin.
Grant Distribution by State
Share of 2020 grant dollars across all 15 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 15 grants totaling $473.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Service Federal Credit Union Portsmouth, NH | Transfer of Net Assets | $472,483,293 |
| Wildcat Sports Properties Durham, NH | Campus Recreation Sponsorship | $167,940 |
| Service Credit Union Impact Foundation Portsmouth, NH | Unrestricted | $166,667 |
| UNH Fondation Stadium Durham, NH | UNH Stadium Project Pledge | $100,000 |
| NH Food Bank Manchester, NH | Unrestricted | $100,000 |
| Seacoast Repertory Theater Portsmouth, NH | Portsmouth Pop up | $25,000 |
| City of Somersworth Somersworth, NH | Veteran Memorial Park | $20,000 |
| Wright Museum of Wolrd War II Wolfeboro, NH | Unrestricted | $20,000 |
| Rochester School Department Rochester, NH | Educational Resources | $12,288 |
| Worldwide Foundation of Credit Unions Madison, WI | Unrestricted | $10,000 |
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Financial History
Multi-year comparison from IRS filings
The largest reported grant was the $472,483,293 net-asset transfer to Service Federal Credit Union.
| Filing year | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|
| 2020 | $158,075,310 | $609,472,276 | $473,152,688 | 15 | $5,468,365 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The mission stated on the 2020 filing was “doing what is right for our members by improving financial well-being, supporting communities we serve and creating value and enduring relationships.”
The credit union’s website identifies support for first responders, military members and veterans, mental health services, food and basic needs, accessibility, STEM education, and the arts. It says its community giving is primarily focused on event sponsorships and community partnerships rather than general donations, capital campaigns, or marketing-only opportunities.
Among 2020 grantees, Catholic Healthcare Trust received $10,000. The grantee describes its mission as carrying out Christ’s healing ministry by offering health, healing, and hope to people seeking care. Gather received $7,500; it describes its work as building food security through programs including a pantry market, mobile markets, meals for children, community cooking, gleaning, and a café.
Grantmaking
The 2020 final filing reports 15 grants totaling $473,152,688. The median grant was $20,000, with grants ranging from $7,500 to $472,483,293. The largest grant—$472,483,293 to Service Federal Credit Union—was designated as a transfer of net assets, not a charitable project grant.
Other reported grants included $167,940 to Wildcat Sports Properties for a campus recreation sponsorship; $166,667 to Service Credit Union Impact Foundation for unrestricted purposes; $100,000 to UNH Fondation Stadium for a stadium project pledge; and $100,000 to NH Food Bank for unrestricted purposes. The filing also lists $25,000 to Seacoast Repertory Theater for “Portsmouth Pop Up,” and $20,000 to the City of Somersworth for a veteran memorial park.
The credit union’s website describes a community request review process, but the final-return status means that process should not be treated as current application guidance for this filing entity.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2020 filing lists David Araujo as President/CEO. It also lists Joanne Whiting, Dan Eagan, Clifford Taylor, and Michael McMahon as directors; Scott Wensley as vice chair/treasurer; Dr. James Fishbein as chair; Sue Desjardins as secretary; Fawn Terwilliger as SVP and chief lending officer; and Dan Clarke as SVP, member experience.
Service Credit Union is led by David Araujo, President & CEO on the 2020 filing; 16 of 18 officers listed in 2020 are compensated.
Officers on the 2020 filing
David Araujo
President & CEO
New on the 2020 filing
40 hrs/week
$646K (2020)
James Fishbein
Chair
New on the 2020 filing
2 hrs/week
$4K (2020)
Clifford Taylor
Director
New on the 2020 filing
2 hrs/week
$4K (2020)
Dan Eagan
Director
New on the 2020 filing
2 hrs/week
$9K (2020)
Joanne Whiting
Director
New on the 2020 filing
2 hrs/week
$4K (2020)
Michael McMahon
Director
New on the 2020 filing
2 hrs/week
No compensation reported
Dan Clarke
Senior Vice President & Member Experience
New on the 2020 filing
40 hrs/week
$251K (2020)
Fawn Terwilliger
Senior Vice President & Chief Lending Officer
New on the 2020 filing
40 hrs/week
$173K (2020)
Geoffry Gilton
Senior Vice President & Technology
New on the 2020 filing
40 hrs/week
$175K (2020)
May Hatem
Vice President, Hr & Training
New on the 2020 filing
40 hrs/week
$162K (2020)
Michael Bergeron
Vice President Logistics
New on the 2020 filing
40 hrs/week
$186K (2020)
Michael Dvorak
Senior Vice President, Accounting & Finance
New on the 2020 filing
40 hrs/week
$39K (2020)
Michael Porter
Vice President Operations
New on the 2020 filing
40 hrs/week
$194K (2020)
Philip Von Streicher
Vice President Overseas
New on the 2020 filing
40 hrs/week
$235K (2020)
Satish Mehta
Senior Vice President & Chief Administrative Officer
New on the 2020 filing
40 hrs/week
$176K (2020)
Scott Wensley
Vice Chair & Treasurer
New on the 2020 filing
2 hrs/week
$8K (2020)
Wendy Beswick
Vice President Marketing
New on the 2020 filing
40 hrs/week
$191K (2020)
Sue Desjardins
Secretary
New on the 2020 filing
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2020 IRS filing
The highest reported compensation on the 2020 filing was $646K, to David Araujo (President/CEO). 16 officers or directors reported compensation on that filing.
Frequently asked questions about Service Credit Union
How much does Service Credit Union give each year?
Service Credit Union gave $473.2M across 15 grants in 2020, according to its 2020 IRS Form 990.
What is Service Credit Union's typical grant size?
Service Credit Union's median grant in 2020 was $20,000, and its average grant was $31,543,513, across 15 grants on its 2020 IRS Form 990.
Where does Service Credit Union give grants?
Service Credit Union gives mostly in New Hampshire: 100% of the grant dollars itemized on its 2020 IRS Form 990 went to recipients there. The most frequent recipient cities were Portsmouth, NH (4 grants), Manchester, NH (3 grants) and Durham, NH (2 grants).
Does Service Credit Union give general operating support?
Yes: 47% of Service Credit Union's 2020 grants with a stated purpose (7 of 15) were for general or operating support, per its 2020 IRS Form 990.
Who are Service Credit Union's largest grantees?
Service Credit Union's largest 2020 grantees include Service Federal Credit Union ($472,483,293), Wildcat Sports Properties ($167,940) and Service Credit Union Impact Foundation ($166,667), according to its 2020 IRS Form 990.
What does Service Credit Union fund?
The mission stated on the 2020 filing was “doing what is right for our members by improving financial well-being, supporting communities we serve and creating value and enduring relationships.” See mission & focus areas ↑
How do I apply for a grant from Service Credit Union?
Service Credit Union has no public application process in the sources Grantable reviewed. Check servicecu.org for current guidelines, or contact the foundation directly before submitting a request.
What is Service Credit Union's EIN?
Service Credit Union's EIN (Employer Identification Number) is 02-0240752. IRS Form 990 filing data is available on this page for 2020.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 16, 2021)
- IRS filings on file for fiscal year 2020
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Service Credit Union down — hundreds of funders to go?