St Mary's Bank Credit Union
Overview
Mission
St. Mary's bank's mission is to help members achieve their financial goals by providing best-in-market service and trusted financial advice.
What it reported doing in 2024
St. Mary's bank participates with a number of lender organizations offering homeownership programs that assists the under-served including; New Hampshire housing- flex and preferred programs along with fha, usda-rd, including cash assistance programs, and fnma, home ready. St. Mary's bank also offers portfolio financing options and continues its "welcome home first-time homebuyer program and low to no down payment options.additionally st. Mary's welcome home program is designed to assist first time home buyers with the following features:-reduced interim rate cap -access to a full-range of online research tools-access to free homebuyer educationin addition to identifying lending opportunities for first-time homebuyers, we will also continue to focus on lending to income-eligible families. More specifically, lending to families whose household income is at or below 115% of the area median family income (defined and published by the department of housing and urban development).
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 020187390
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- Manchester, NH, USA
- Rating confidence
- Limited
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: Limited
- Grant itemization coverage: 77.4%; rating input score 77; 16th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 18.6%; rating input score 86; 86th percentile among comparable filings
- Operating reserve ratio: 21.31; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 5.4%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $761K · 23 people listed · 5 of 6 pay-setting controls reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 14 annual filings from 2010 to 2024
- Money network: 28 filed money-flow records
- Related organizations: 6 filed related-organization links