Civic Intelligence

Triangle Credit Union

EIN 02-0223137 • 501(c)14 • Nashua, NH

Profile

CREDIT UNION

33 Franklin StreetNashua, NH 03064

trianglecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.92x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

18.69x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

24th percentile

4.3%

Higher net margin than 24% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

47th percentile

$463,677

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

$250M-$1B nonprofits • Source year 2024

Asset Growth

12th percentile

-2.6%

Faster asset growth than 12% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

11%

Faster revenue growth than 36% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$842,892,172

Down $22,852,030 (-2.6%) from 2023

Liabilities

Down

$778,836,344

Down $32,387,232 (-4.0%) from 2023

Net Assets

Up

$64,055,828

Up $9,535,202 (+17%) from 2023

Revenue

Up

$41,674,251

Up $4,289,799 (+11%) from 2023

Expenses

Up

$39,869,730

Up $3,500,372 (+9.6%) from 2023

Net Income

Up

$1,804,521

Up $789,427 (+78%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0B$500M$0Assets 2010: $459,998,793Liabilities 2010: $426,824,634Net Assets 2010: $33,174,1592010Assets 2011: $486,569,046Liabilities 2011: $452,067,951Net Assets 2011: $34,501,0952011Assets 2012: $487,413,079Liabilities 2012: $450,234,718Net Assets 2012: $37,178,3612012Assets 2013: $507,845,907Liabilities 2013: $468,037,249Net Assets 2013: $39,808,6582013Assets 2014: $523,493,840Liabilities 2014: $482,351,532Net Assets 2014: $41,142,3082014Assets 2015: $572,986,900Liabilities 2015: $530,812,721Net Assets 2015: $42,174,1792015Assets 2016: $630,786,090Liabilities 2016: $586,074,756Net Assets 2016: $44,711,3342016Assets 2017: $665,482,328Liabilities 2017: $618,410,847Net Assets 2017: $47,071,4812017Assets 2018: $682,458,320Liabilities 2018: $633,781,280Net Assets 2018: $48,677,0402018Assets 2019: $721,279,705Liabilities 2019: $669,139,348Net Assets 2019: $52,140,3572019Assets 2020: $826,708,185Liabilities 2020: $772,627,016Net Assets 2020: $54,081,1692020Assets 2021: $877,280,050Liabilities 2021: $818,394,175Net Assets 2021: $58,885,8752021Assets 2022: $916,891,739Liabilities 2022: $869,596,075Net Assets 2022: $47,295,6642022Assets 2023: $865,744,202Liabilities 2023: $811,223,576Net Assets 2023: $54,520,6262023Assets 2024: $842,892,172Liabilities 2024: $778,836,344Net Assets 2024: $64,055,8282024

Highlighted filing

2024

Assets$842,892,172
Liabilities$778,836,344
Net Assets$64,055,828

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0Expenses 2010: $20,986,6772010Expenses 2011: $21,139,0832011Expenses 2012: $20,412,1462012Revenue 2013: $22,530,181Expenses 2013: $20,578,070Net Income 2013: $1,952,1112013Revenue 2014: $22,602,101Expenses 2014: $20,686,164Net Income 2014: $1,915,9372014Revenue 2015: $24,040,638Expenses 2015: $21,795,208Net Income 2015: $2,245,4302015Revenue 2016: $25,702,929Expenses 2016: $23,526,713Net Income 2016: $2,176,2162016Revenue 2017: $26,888,925Expenses 2017: $24,269,732Net Income 2017: $2,619,1932017Revenue 2018: $29,361,584Expenses 2018: $25,670,284Net Income 2018: $3,691,3002018Revenue 2019: $32,775,232Expenses 2019: $29,898,924Net Income 2019: $2,876,3082019Revenue 2020: $33,397,590Expenses 2020: $30,834,601Net Income 2020: $2,562,9892020Revenue 2021: $30,352,425Expenses 2021: $26,994,903Net Income 2021: $3,357,5222021Revenue 2022: $30,787,097Expenses 2022: $28,733,042Net Income 2022: $2,054,0552022Revenue 2023: $37,384,452Expenses 2023: $36,369,358Net Income 2023: $1,015,0942023Revenue 2024: $41,674,251Expenses 2024: $39,869,730Net Income 2024: $1,804,5212024

Highlighted filing

2024

Revenue$41,674,251
Expenses$39,869,730
Net Income$1,804,521

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$843$779$64.1$41.7$39.9$1.80
2023Detailed filing. Detailed filing data is available for this year.$866$811$54.5$37.4$36.4$1.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$917$870$47.3$30.8$28.7$2.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$877$818$58.9$30.4$27.0$3.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$827$773$54.1$33.4$30.8$2.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$721$669$52.1$32.8$29.9$2.88
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$682$634$48.7$29.4$25.7$3.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$665$618$47.1$26.9$24.3$2.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$631$586$44.7$25.7$23.5$2.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$573$531$42.2$24.0$21.8$2.25
2014Detailed filing. Detailed filing data is available for this year.$523$482$41.1$22.6$20.7$1.92
2013Detailed filing. Detailed filing data is available for this year.$508$468$39.8$22.5$20.6$1.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$487$450$37.2$20.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$487$452$34.5$21.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$460$427$33.2$21.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.0
Gross Receipts
$41,728,608
Mission and Program Overview

Mission

CREDIT UNION

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$616,828,000$571,956,862▼ $44,871,138
Investments in Publicly Traded Securities$174,616,154$148,887,228▼ $25,728,926
Savings and Temporary Cash Investments$23,504,338$70,662,505▲ $47,158,167
Rtn Earn Endowment Incm Other Fnds$54,520,626$64,055,828▲ $9,535,202
Land, Buildings, and Equipment, Net$10,480,525$10,358,165▼ $122,360
Cash and Non-Interest-Bearing Accounts$7,739,936$7,811,207▲ $71,271
Prepaid Expenses and Deferred Charges$3,759,766$5,485,906▲ $1,726,140
Investments Other Securities$5,111,900$3,826,400▼ $1,285,500
Total Assets$865,744,202$842,892,172▼ $22,852,030
Other Assets Total$23,703,583$23,903,899▲ $200,316
Liabilities
Other Liabilities$672,294,578$690,916,688▲ $18,622,110
Mortgage Notes Payable Secured by Investment Property$131,339,937$82,054,798▼ $49,285,139
Accounts Payable and Accrued Expenses$7,589,061$5,864,858▼ $1,724,203
Total Liabilities$811,223,576$778,836,344▼ $32,387,232
Net Assets / Fund Balance
Total Net Assets Fund Balance$54,520,626$64,055,828▲ $9,535,202
Total Liabilities and Net Assets / Fund Balance$865,744,202$842,892,172▼ $22,852,030

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,203,543$14,729,104$16,932,647
Buildings$4,410,995$3,643,416$8,054,411
Leasehold Improvements$1,706,281$2,666,561$4,372,842
Land$1,929,202-$1,929,202
Other Land Buildings$108,144$122,546$230,690
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
A Scott MacknightPresident/ CFT$459,361$4,316$463,677
A Scott MacknightPresident/ CEO-$440,494$44,249$463,677
Pamela FordSVP of LendiFT$168,168$26,342$194,510
Pamela FordSVP of Lending-$161,442$41,660$194,510
Jose Rivera HernandezSVP of It SeFT$156,103$35,321$191,424
Jose Rivera HernandezSVP of It Services-$149,300$47,839$191,424
Rebecca ThomasSVP MarketinFT$150,143$40,451$190,594
Rebecca ThomasSVP Marketing-$143,802$21,126$190,594
Lisa Van BieneVP of MemberFT$159,210$13,539$172,749
Lisa Van BieneVP of Member Service-$152,886$19,863$172,749
Karin TaylorSVP Human ReFT$163,386$2,774$166,160
Karin TaylorSVP Human Resources-$156,789$9,371$166,160
John ZiembaSVP Comm LenFT$143,451$13,977$157,428
John ZiembaSVP Comm Lending-$136,911$10,810$157,428
Karen WoodFmr CFO/SVPFT$119,653-$119,653
Ivan RochfordIt ManagerFT$118,667-$118,667
Lana Dal MolinVP Comm OutrFT$104,709-$104,709
Mark PalermoCFO/SVP of FFT$30,463$7,467$37,930

Board Members and Trustees

NameTitle
Margo CompagnaChairperson
Robert DemersVice Chairpe
Adeel TahirDirector
David DegulisDirector
Lilian Salas EspaillatDirector
Mark RichardsonDirector
Robert DuhaimeDirector
Rebecca MaclennanSecretary
David FredetteTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Health Plans INCMedical InsPO BOX 5199, SUITE 403, Westborough, MA 01581$2,171,630
Ncr CorporationIt-atm14181 COLLECTION CENTER DRIVE, Chicago, IL 60693$811,769
Dg Investment Intermediate HldgAtm MaintenancePO BOX 53008, Lubbocl, TX 79453$547,495
FiservItPO BOX 99924, Grapevine, TX 76099-9724$529,216
Whiting Building LLCRent33 MAIN ST, Nashua, NH 03064$513,799
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$29,771,212
Investment Income
$4,985,233
Other Revenue
$6,917,806
Change in Net Assets
$1,804,521

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,674,251
Total Revenue per Audited Statements
$41,674,251
Total Revenue per Form 990
$41,674,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,642,523
Salaries, Compensation, and Employee Benefits$12,227,207
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$15,865,652
Other Salaries and Wages---$8,306,850
Office Expenses---$2,742,620
Current Officers, Directors, Trustees, and Key Employees---$1,675,011
Other Employee Benefits---$1,573,838
Information Technology---$1,524,460
Occupancy---$1,346,537
Depreciation Depletion---$1,239,292
All Other Expenses---$903,031
Payroll Taxes---$671,508
Other Expenses---$397,324
Fees for Services Accounting---$162,789
Advertising---$142,180
Insurance---$133,470
Conferences and Meetings---$112,717
Fees for Services Legal---$89,688
Total Functional Expenses$0$0$0$39,869,730

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$39,869,730
Total Expenses per Audited Statements$39,869,730
Total Expenses per Form 990$39,869,730
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares and Deposit Accounts$686,876,694
Treasury Draft Due$3,568,363
Deferred Compensation$381,471
Other Liabilities$90,160
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.

Form 990, Page 6, Part VI, Line 7A

Each member has a vote at the election of the board of directors.

Form 990, Page 6, Part VI, Line 7B

Any changes to the incorporating documents, ie. Bylaws are approved by the membership.

Form 990, Page 6, Part VI, Line 11B

Due to the timing of board meetings and return filing the return may not be presented to the entire board for review prior to filing. Instead, it is reviewed by the cfo who authorizes its filing. The filed form 990 is then reviewed by the entire board at the next regularly scheduled meeting.

Form 990, Page 6, Part VI, Line 12C

REVIEWED ANNUALLY.

Form 990, Page 6, Part VI, Line 15A

The personnel committee which is made up of selected board members meet in the fourth quarter of every year to review data presented by the vp of human resources. The data reviewed is obtained by a third party who analyze job positions based on the same responsibility criteria. This information is used to determine salaries for all other positions as well. Generally, salaries range between 80% and 120% of the pay scale provided. The committee subsequently makes a recommendation to the full board of directors. Note: the compensation provider's data is collected from several well known salary surveys.

Form 990, Page 6, Part VI, Line 15B

The personnel committee which is made up of selected board members meet in the fourth quarter of every year to review data presented by the vp of human resources. The data reviewed is obtained by a third party who analyze job positions based on the same responsibility criteria. This information is used to determine salaries for all other positions as well. Generally, salaries range between 80% and 120% of the pay scale provided. The committee subsequently makes a recommendation to the full board of directors. Note: the compensation provider's data is collected from several well known salary surveys.

Form 990, Page 6, Part VI, Line 19

Information is posted at credit union branches and available upon request and at the annual meeting.

Filing and Contact Details

Filer

Filer Name
Triangle Credit Union
EIN
02-0223137
Phone
6038892470
Address
33 FRANKLIN STREET, NASHUA, NH 03064

Signing Officer

Name
A Scott Macknight
Title
President/ CEO
Phone
6038892470
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Scott Macknight
Formed
1939
Legal Domicile
Nh
Voting Board Members
10
Independent Board Members
9
Employees
204
Volunteers
9

Preparer

Firm
Mystic Accounting Group Llp
Address
PO BOX 397, MYSTIC, CT 06355
Preparer
Theodoros Poulopoulos
Phone
8605361040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in pension obligation 2,113,027

Raw XML AppendixShowing 400 of 595 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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