NAVEO CREDIT UNION is a Public Charity headquartered in SOMERVILLE, MA. Financial data from the 2024 filing: $8.1M revenue, $8.0M expenses, $171.3M total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $10K.
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.
How Naveo Credit Union divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 1 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $8.1M | $8.0M | $171.3M |
| 2023 | $6.8M | $6.5M | $170.3M |
| 2022 | $5.5M | $5.4M | $168.9M |
| 2021 | $5.4M | $5.0M | $178.3M |
| 2020 | $6.7M | $5.1M | $162.1M |
Between 2020 and 2024, reported annual revenue grew from $6.7M to $8.1M (+21%), with total assets most recently reported at $171.3M.
Interactive year-over-year charts and full filing details available with membership.
Grants from this foundation were reported to recipients in MA.
Full geographic grant map with state-by-state breakdown available with membership.
