2026-07-10T10:11:28-05:00 2025-12-31 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2025-01-01 020187390 ST MARY'S BANK CREDIT UNION STMA 6036694600 PO BOX 990 MANCHESTER NH 03105 KENNETH SENUS PRESIDENT & CEO 6036694600 2026-07-09 1 JULIA HOWLAND CPA P01711658 2077745701 2026-07-09 2025 2025-03-06 01:10:19Z KENNETH SENUS PO BOX 990 MANCHESTER NH 03105 156613368 0 X WWW.STMARYSBANK.COM X 1908 NH PROVIDE MEMBERS WITH DEPOSITS, LOANS, AND OTHER RELATED FINANCIAL SERVICES. 9 9 370 12 2135961 0 0 0 86552124 95501760 6644050 7030450 0 0 93196174 102532210 729193 477925 21680613 25812756 29736558 34559610 0 0 0 23716439 26242721 75862803 87093012 17333371 15439198 1616505298 1735430057 1466466055 1564714424 150039243 170715633 X ST. MARY'S BANK'S MISSION IS TO HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS BY PROVIDING BEST-IN-MARKET SERVICE AND TRUSTED FINANCIAL ADVICE. 1 0 THE CREDIT UNION HAS 100,305 MEMBERS AS OF DECEMBER 31, 2025, MEMBERS HAVE ACCESS TO A WIDE VARIETY OF LOW-COST, HIGH-QUALITY SERVICES. ST. MARY'S BANK GIVES BACK TO THE COMMUNITY BY SUPPORTING, PROMOTING AND FURTHERING CHARITABLE, AND EDUCATIONAL PURPOSES, ACTIVITIES AND CAUSES IN NEW HAMPSHIRE, PRIMARILY IN THE CREDIT UNION'S PRIMARY SERVICE AREA. IN 2025, THE CREDIT UNION PROVIDED SUPPORT TO NUMEROUS COMMUNITY ORGANIZATIONS AND ALSO CONTRIBUTED $200,000 TO THE ST. MARY'S BANK CHARITABLE FOUNDATION.ST. MARY'S BANK'S CHARITABLE GIVING THEME, CHILDREN, FAMILIES, AND INDIVIDUALS IN NEED, IS OUR WAY OF FOCUSING AVAILABLE RESOURCES ON ACTIVITIES MOST RELEVANT TO OUR MISSION OF SERVICE TO CREDIT UNION MEMBERS AND THE COMMUNITY. IN 2025, OVER 175 ORGANIZATIONS WERE SUPPORTED THROUGH DONATIONS AND EVENT SPONSORSHIPS, TOTALING $224,052. CAUSES INCLUDE, BUT ARE NOT LIMITED TO, CHILDREN AND FAMILY, CULTURAL, FINANCIAL LITERACY, FINANCIAL INDEPENDENCE, AND HEALTH AND WELLNESS.ST. MARY'S BANK EMPLOYEES VOLUNTEERED 5,874 HOURS OF TIME, DURING WORKTIME AND ON THEIR OWN TIME IN 2025 TO A RANGE OF NON-PROFIT ORGANIZATIONS. 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, 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 CAPIN 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). 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 30124 0 1 370 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NH X HOANG NGUYEN 6036694600 200 MCGREGOR ST MANCHESTER NH 03101 ELIZABETH HITCHCOCK CHAIRMAN 3.00 X X 3600 0 0 DONNALEE LOZEAU VICE CHAIRMAN 3.00 X X 5900 0 0 STEPHEN A BAINES DIRECTOR 3.00 X 3500 0 0 WILLIAM E STEVENS DIRECTOR 3.00 X 5200 0 0 DAVID H BELLMAN DIRECTOR 3.00 X 5450 0 0 GUY D CHAPDELAINE DIRECTOR 3.00 X 4300 0 0 CRAIG S DONAIS DIRECTOR 3.00 X 5200 0 0 DIANE P FITZPATRICK DIRECTOR 3.00 X 3250 0 0 JASON E COLE DIRECTOR 3.00 X 3920 0 0 STEPHEN J GRZYWACZ CHAIRMAN (THRU 4/25) 3.00 X X 1500 0 0 GINA M BALKUS DIRECTOR (THRU 4/25) 3.00 X 1500 0 0 KENNETH SENUS CHIEF EXECUTIVE OFFICER 50.00 X 836988 0 61167 HOANG NGUYEN CFO & TREASURER 50.00 X 388351 0 65872 KYLE A SCHNECK CHIEF LENDING OFFICER 50.00 X 391408 0 63922 PAMELA ROY CHIEF PEOPLE OFFICER 50.00 X 322262 0 55469 LEO SIMARD CHIEF RETAIL BANKING OFFICER 50.00 X 355974 0 20173 TYLER WHITE CHIEF STRATEGY OFFICER 50.00 X 486616 0 58515 RANDY SIVIGNY SVP OF COMMERCIAL BANKING 50.00 X 295537 0 39030 BIREN PATEL SR WEALTH MANAGMENT ADVISOR 50.00 X 602143 0 52614 RONALD MACDONALD SVP OF IND CONS LENDING 50.00 X 318780 0 36553 MICHAEL BECK WEALTH MANAGEMENT ADVISOR 50.00 X 349883 0 13737 STEVEN MACEK SVP OF CONSUMER LENDING 50.00 X 263186 0 41601 KAREN MAYRAND DIRECTOR OF RESIDENTIAL LENDING 50.00 X 266281 0 2347 4920729 0 511000 87 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 657080000 VARIOUS CORE PLATFORM SERVICES 1595798 NORTH BRANCH CONSTRUCTION 76 OLD TURNPIKE RD CONCORD NH 03301 BUILD BRANCH LOCATION 1561579 PSCU INCORPORATED 560 CARILLON PARKWAY ST PETERSBURG FL 33716 ATM/ITM SERVICES COOP/VALERA 1309326 ALKAMI ACH ALERT INC DEPT 2223 PO BOX 122223 DALLAS TX 75024 ONLINE BANKING PLATFORM AND ACH ALERT SE 1025929 CONVERGINT TECHNOLOGIES LLC 4 RESEARCH DRIVE BETHEL CT 06801 ATM/ITM EQUIPMENT/SERVICES 875497 39 LOAN INCOME FROM MEMBERS 522100 79262375 79262375 SERVICE CHARGES 522100 12474607 10338646 2135961 OTHER OPERATING INCOME 522100 3764778 3764778 95501760 5977249 5977249 54985559 148800 53899845 181313 1085714 -32513 1053201 1053201 102532210 93365799 2135961 7030450 477925 25812756 3484605 24685620 611434 3962334 1815617 64232 851478 874511 835137 1267010 71442 2205112 292462 155567 8 3347898 241741 OTHER EQUIPMENT 6296112 PROVISION FOR LOAN LOSS 3020758 DEBIT CARD EXPENSE 1807995 CREDIT BUREAU/UNDERWRIT 1113241 3798017 87093012 8424198 8197739 117761394 120919862 5213882 5616484 2550655 3184069 1365008516 1490362184 1775661 2626387 52249342 26735231 24488861 25514111 19760665 18917821 6420181 6903752 65101285 53187648 1616505298 1735430057 988917 1018271 -23974 458781 250000 250000 1465251112 1562987372 1466466055 1564714424 X 0 0 0 0 150039243 170715633 150039243 170715633 1616505298 1735430057 X 15439198 224661 5012531 X X 0 1 X 1 0 0 1 X 2315101 2315101 32201864 13287946 18913918 17177848 13447285 3730563 554529 554529 25514111 MEMBERS' SHARES 1544155338 OTHER LIABILITIES 18832034 1562987372 X 101832682 224661 224661 101608021 924189 924189 102532210 86168823 0 86168823 924189 924189 87093012 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW FOR ITS MORTGAGE LOANS TO PAY TAXES AND INSURANCE ON BEHALF OF THE MEMBER. PART X, LINE 2: THE CREDIT UNION IS GENERALLY EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. HOWEVER, THE CREDIT UNION MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THERE WAS NO SIGNIFICANT UBIT EXPENSE FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024.THE CREDIT UNION MAY RECOGNIZE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS. UNRECOGNIZED TAX BENEFITS REPRESENT THE DIFFERENCES BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE BENEFIT RECOGNIZED AND MEASURED IN THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: OMSR EXPENSES 648,366. ORIGINATION FEES 275,823. PART XII, LINE 4B - OTHER ADJUSTMENTS: ORIGINATION FEES 275,823. OMSR EXPENSES 648,366. 1 PALACE THEATRE 80 HANOVER ST MANCHESTER NH 03101 237356019 501(C)(3) 32000 0 CHARITABLE SUPPORT GRANITE UNITED WAY 22 CONCORD ST MANCHESTER NH 03101 026006033 501(C)(3) 20000 0 CHARITABLE SUPPORT BOYS & GIRL CLUB OF MANCHESTER 555 UNION ST MANCHESTER NH 03104 020226033 501(C)(3) 5500 0 CHARITABLE SUPPORT SMB CHARITABLE FOUNDATION 200 MCGREGOR ST MANCHESTER NH 03102 843254128 501(C)(3) 200000 0 CHARITABLE SUPPORT ST JOSEPH CATHEDRAL 145 LOWELL ST MANCHESTER NH 03104 020222211 501(C)(3) 10000 0 CHARITABLE SUPPORT 5 0 PART I, LINE 2: THE ORGANIZATION ENSURES THAT THE RECIPIENT ORGANIZATION IS A QUALIFIED SECTION 501(C)(3) PUBLIC CHARITY AND NO GRANT MONITORING IS DEEMED NECESSARY. X X X X X 0 1 0 KENNETH SENUS CHIEF EXECUTIVE OFFICER 583194 0 235303 0 18491 0 12935 0 48232 0 898155 0 0 0 BIREN PATEL SR WEALTH MANAGMENT ADVISOR 59578 0 542482 0 83 0 6975 0 45639 0 654757 0 0 0 TYLER WHITE CHIEF STRATEGY OFFICER 331874 0 154088 0 654 0 11814 0 46701 0 545131 0 0 0 KYLE A SCHNECK CHIEF LENDING OFFICER 279029 0 104010 0 8369 0 13720 0 50202 0 455330 0 0 0 HOANG NGUYEN CFO & TREASURER 327915 0 60000 0 436 0 11979 0 53893 0 454223 0 0 0 PAMELA ROY CHIEF PEOPLE OFFICER 235599 0 84788 0 1875 0 8619 0 46850 0 377731 0 0 0 LEO SIMARD CHIEF RETAIL BANKING OFFICER 260229 0 92866 0 2879 0 10780 0 9393 0 376147 0 0 0 MICHAEL BECK WEALTH MANAGEMENT ADVISOR 42921 0 304232 0 2730 0 5104 0 8633 0 363620 0 0 0 RONALD MACDONALD SVP OF IND CONS LENDING 235439 0 77802 0 5539 0 6924 0 29629 0 355333 0 0 0 RANDY SIVIGNY SVP OF COMMERCIAL BANKING 197607 0 97322 0 608 0 6969 0 32061 0 334567 0 0 0 STEVEN MACEK SVP OF CONSUMER LENDING 198705 0 59073 0 5408 0 9527 0 32074 0 304787 0 0 0 KAREN MAYRAND DIRECTOR OF RESIDENTIAL LENDING 196470 0 58305 0 11506 0 0 0 2347 0 268628 0 0 0 PART I, LINE 4B KENNETH SENUS PARTICIPATED IN A 457(F) PLAN AND RECEIVED $0 DURING 2025 KENNETH SENUS CEO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 2421781 2584069 0 1 1 KENNETH SENUS CEO SPLIT DOLLAR INSURANCE AGREEMENT LOAN X 600000 600000 0 1 1 3184069 FORM 990, PART III, LINE 2 ADDED PENNY FINANCE- A DIGITAL FINANCIAL LITERACY PLATFORM THAT PROVIDES EDUCATION AND TOOLS TO ASSIST MEMBERS IN IMPROVING BUDGETING, DEBT MANAGEMENT, PREPARING FOR RETIREMENT AND WEALTH MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. DIVIDENDS ON MEMBERS' SHARES ARE BASED ON AVAILABLE EARNINGS AT THE END OF A DIVIDEND PERIOD AND ARE NOT GUARANTEED BY THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION B, LINE 11B THE CFO/TREASURER WILL REVIEW FORM 990 FOR ACCURACY AND REASONABLENESS. THE SUPERVISORY COMMITTEE WILL REVIEW AND APPROVE THE FORM 990 AND THEN PROVIDE A COPY TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C NEW EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THAT THEY HAVE READ AND UNDERSTAND THIS POLICY. ANNUALLY, OR AS UPDATES TO THE POLICY OCCUR, ALL SMB EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THAT THEY HAVE READ AND UNDERSTAND THE POLICY AS APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15 SMB USES A THIRD-PARTY VENDOR APPROVED BY THE BOARD OF DIRECTORS TO SET MARKET-BASED SALARY RANGES FOR EACH POSITION IN THE CREDIT UNION. THE VENDOR ALSO MAKES RECOMMENDATIONS REGARDING ANNUAL MARKET INCREASES EACH YEAR. SMB'S BOARD OF DIRECTORS APPROVES SALARY RANGES FOR EACH YEAR. THE BOARD ALSO APPROVES THE BUDGET WHICH CONTAINS MERIT INCREASES FOR EACH YEAR. THE BOARD CREATED A COMPENSATION COMMITTE TO OVERSEE ALL AREAS OF COMPENSTATION AS IT RELATES TO THE POSITION OF THE CEO/PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS FOR ST. MARY'S BANK CREDIT UNION ARE DISTRIBUTED TO ALL MEMBERS WHO ATTEND THE ANNUAL MEETING AND ALSO MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. ALL REQUESTS FOR THE CONFLICT OF INTEREST POLICY ARE REFERRED TO THE MARKETING DEPARTMENT TO ASSESS ANY POTENTIAL PUBLIC RELATIONS ISSUES. FORM 990, PART XI, LINE 9: NET DEFINED BENEFIT PENSION COSTS ADJUSTMENT 3,806,626. ACCUMULATED OTHER COMPREHENSIVE INCOME ADJUSTMENT 1,205,905. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. ST MARY'S BANK CHARITABLE FOUNDATION 200 MCGREGOR STREET MANCHESTER NH 03102 843254128 CHARITABLE GIVING NH 501(C)(3) PF N/A 0 RIVERSIDE FINANCIAL SERVICES INC 200 MCGREGOR STREET MANCHESTER NH 03102 020419388 INACTIVE NH ST MARY'S BANK CREDIT UNION C 1344 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ST MARY'S BANK CHARITABLE FOUNDATION B 200000 CASH