DEPOSITORS INSURANCE FUND
ONE LINSCOTT ROAD, WOBURN, MA 01801 www.difxs.com

Total Revenue
$7,847,529
Total Expenses
$4,180,741
Net Assets
$404,654,820
Organizations Filed Purposes: INSURES THOSE DEPOSITS IN EXCESS OF THE FDIC LIMITS AND ALSO PROVIDES TEMPORARY LIQUIDITY TO MEMBER BANKS BY MAKING LOANS TO THEM, SECURED BY MEMBER BANKS' ASSETS.

THE LIQUIDITY FUND WAS ESTABLISHED IN 1932 FOR THE PURPOSE OF PROVIDING TEMPORARY LIQUIDITY TO MEMBER BANKS BY MAKING LOANS TO THEM SECURED BY MEMBER BANKS' ASSETS.

DEPOSIT INSURANCE FUND WAS ESTABLISHED IN 1934 FOR THE INSURANCE OF ALL DEPOSITS IN MASSACHUSETTS SAVINGS BANKS. CURRENTLY ALL MASSACHUSETTS SAVINGS BANKS ARE MEMBERS OF THE FDIC. THEREFORE, THE FUND CURRENTLY INSURES ONLY THOSE DEPOSITS IN EXCESS OF THE FDIC LIMITS

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
David ElliottPRESIDENT AND CEO40$834,928
Norman S SeppalaEVP & COO & TREASURER40$291,653
John J D'AlessandroSENIOR VICE PRESIDENT40$218,923
Kara M McnamaraSENIOR VICE PRESIDENT26$114,379
Matthew P CalnanSR FINANCIAL ANALYST40$112,597
Steven LowellCHARIMAN (UNTIL 3/21/19)2$12,500
Patrick MurrayDIRECTOR2$9,400
Gilda NogueiraCHAIRMAN (AS OF 3/21/19)2$7,600
David G FalwellDIRECTOR2$7,600
Peter G BrownDIRECTOR2$7,600
Richard BennettDIRECTOR (UNTIL 3/21/19)2$7,500
James P McdonoughDIRECTOR2$6,000
Charles P O'BrienDIRECTOR2$5,500
John F Heaps JrDIRECTOR2$5,400
Margaret KellyDIRECTOR2$5,200
Robert S KaramDIRECTOR2$5,200
Mark R O'ConnellDIRECTOR2$4,300
Scott D CoteDIRECTOR (AS OF 3/21/19)2$0
Donna L BoulangerDIRECTOR (AS OF 3/21/19)2$0
Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202022539349301162_public.xml

View Statistics by Area