Civic Intelligence

Alden Credit Union

EIN 04-1020315 • 501(c)14 • Chicopee, MA

View Organization Page

Profile

Mutual credit union that provides financial services, primary deposit accounts and loans to members in the hampden and hampshire counties of massachusetts.

710 Grattan StreetChicopee, MA 01020

www.aldencu.com

Siviq Scores

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

Liabilities / Assets

97th percentile

0.94x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

21.26x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

18th percentile

2.7%

Higher net margin than 18% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$319,894

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

$100M-$250M nonprofits • Source year 2023

Asset Growth

14th percentile

-3.2%

Faster asset growth than 14% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

3.9%

Faster revenue growth than 16% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$194,057,008

Down $6,350,794 (-3.2%) from 2023

Liabilities

Down

$182,477,032

Down $6,615,283 (-3.5%) from 2023

Net Assets

Up

$11,579,976

Up $264,489 (+2.3%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin18th percentile

Revenue

Up

$8,583,013

Up $318,694 (+3.9%) from 2023

Expenses

Up

$8,347,407

Up $478,532 (+6.1%) from 2023

Net Income

Down

$235,606

Down $159,838 (-40%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

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

$300M$200M$100M$0Assets 2011: $83,404,036Liabilities 2011: $72,252,932Net Assets 2011: $11,151,1042011Assets 2012: $102,449,700Liabilities 2012: $90,835,687Net Assets 2012: $11,614,0132012Assets 2013: $120,541,641Liabilities 2013: $110,456,486Net Assets 2013: $10,085,1552013Assets 2014: $139,713,189Liabilities 2014: $127,643,395Net Assets 2014: $12,069,7942014Assets 2015: $135,841,627Liabilities 2015: $123,137,217Net Assets 2015: $12,704,4102015Assets 2016: $160,486,946Liabilities 2016: $149,256,730Net Assets 2016: $11,230,2162016Assets 2017: $160,001,484Liabilities 2017: $149,049,979Net Assets 2017: $10,951,5052017Assets 2018: $164,262,617Liabilities 2018: $153,738,791Net Assets 2018: $10,523,8262018Assets 2019: $148,245,431Liabilities 2019: $135,192,794Net Assets 2019: $13,052,6372019Assets 2020: $174,535,444Liabilities 2020: $160,153,585Net Assets 2020: $14,381,8592020Assets 2021: $195,963,362Liabilities 2021: $181,301,751Net Assets 2021: $14,661,6112021Assets 2022: $195,454,691Liabilities 2022: $184,724,130Net Assets 2022: $10,730,5612022Assets 2023: $200,407,802Liabilities 2023: $189,092,315Net Assets 2023: $11,315,4872023Assets 2024: $194,057,008Liabilities 2024: $182,477,032Net Assets 2024: $11,579,9762024

Highlighted filing

2024

Assets$194,057,008
Liabilities$182,477,032
Net Assets$11,579,976
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,962,420Expenses 2011: $4,203,589Net Income 2011: -$241,1692011Expenses 2012: $4,361,2302012Revenue 2013: $5,926,595Expenses 2013: $5,457,706Net Income 2013: $468,8892013Revenue 2014: $7,102,450Expenses 2014: $6,578,688Net Income 2014: $523,7622014Revenue 2015: $7,356,177Expenses 2015: $7,128,344Net Income 2015: $227,8332015Revenue 2016: $7,755,505Expenses 2016: $7,495,820Net Income 2016: $259,6852016Revenue 2017: $7,540,254Expenses 2017: $7,774,164Net Income 2017: -$233,9102017Revenue 2018: $7,234,011Expenses 2018: $7,035,052Net Income 2018: $198,9592018Revenue 2019: $7,187,269Expenses 2019: $6,634,971Net Income 2019: $552,2982019Revenue 2020: $7,027,622Expenses 2020: $6,295,921Net Income 2020: $731,7012020Revenue 2021: $6,700,901Expenses 2021: $5,648,519Net Income 2021: $1,052,3822021Revenue 2022: $7,263,216Expenses 2022: $6,221,885Net Income 2022: $1,041,3312022Revenue 2023: $8,264,319Expenses 2023: $7,868,875Net Income 2023: $395,4442023Revenue 2024: $8,583,013Expenses 2024: $8,347,407Net Income 2024: $235,6062024

Highlighted filing

2024

Revenue$8,583,013
Expenses$8,347,407
Net Income$235,606
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$194,057,008
Liabilities
$182,477,032
Net assets
$11,579,976
Revenue
$8,583,013
Expenses
$8,347,407
Net income
$235,606
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$194$182$11.6$8.58$8.35$0.24
2023Detailed filing. Detailed filing data is available for this year.$200$189$11.3$8.26$7.87$0.40
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$195$185$10.7$7.26$6.22$1.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$196$181$14.7$6.70$5.65$1.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$175$160$14.4$7.03$6.30$0.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$148$135$13.1$7.19$6.63$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$164$154$10.5$7.23$7.04$0.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$149$11.0$7.54$7.77$0.23
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$149$11.2$7.76$7.50$0.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$136$123$12.7$7.36$7.13$0.23
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$140$128$12.1$7.10$6.58$0.52
2013Detailed filing. Detailed filing data is available for this year.$121$110$10.1$5.93$5.46$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$90.8$11.6$4.36
2011Summary only. Only limited summary data is available for this year.$83.4$72.3$11.2$3.96$4.20$0.24
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$8,264,319
Mission and Program Overview

Mission

Mutual credit union that provides financial services, primary deposit accounts and loans to members in the hampden and hampshire counties of massachusetts.

Credit union thrift services

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$140,290,378$146,003,602▲ $5,713,224
Investments in Publicly Traded Securities$29,526,354$28,784,602▼ $741,752
Cash and Non-Interest-Bearing Accounts$12,725,642$12,189,078▼ $536,564
Rtn Earn Endowment Incm Other Fnds$10,730,561$11,315,487▲ $584,926
Land, Buildings, and Equipment, Net$9,310,214$9,177,269▼ $132,945
Investments Other Securities$218,000$1,172,000▲ $954,000
Savings and Temporary Cash Investments$187,572$287,446▲ $99,874
Prepaid Expenses and Deferred Charges$264,153$195,271▼ $68,882
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$195,454,691$200,407,802▲ $4,953,111
Other Assets Total$2,932,378$2,598,534▼ $333,844
Liabilities
Other Liabilities$178,680,863$160,883,334▼ $17,797,529
Mortgage Notes Payable Secured by Investment Property$4,000,000$26,000,000▲ $22,000,000
Accounts Payable and Accrued Expenses$2,043,267$2,208,981▲ $165,714
Total Liabilities$184,724,130$189,092,315▲ $4,368,185
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,730,561$11,315,487▲ $584,926
Total Liabilities and Net Assets / Fund Balance$195,454,691$200,407,802▲ $4,953,111

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,838,763$2,528,778$10,367,541
Other Land Buildings$467,854$2,449,884$2,917,738
Land$870,652-$870,652
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam CorcoranPresident/CEOFT$232,256$87,638$319,894
Laurie J RollinsSVP of Finance/treasurerFT$114,982$29,468$144,450
Kimberly SeaverSVP LendingFT$122,379$17,399$139,778
Jennifer Alves FaustinoSVP- Deposit Operations/bsFT$122,604$10,697$133,301
Sara BarnesVP of Servicing & FinanceFT$81,417$13,317$94,734

Board Members and Trustees

NameTitle
Marc DugreChairman
Jay Hambley1st Vice Chairman
Glenn Beauregard2nd Vice Chairman
Benjamin SabbsDirector
Karen KirbyDirector
Neal QuensnelDirector
Rob DesormierDirector
William EzedineDirector
Kevin GarvinClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,449,476
Investment Income
$814,843
Other Revenue
$0
Change in Net Assets
$395,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,894,111
Salaries, Compensation, and Employee Benefits$1,974,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$3,222,487
Other Salaries and Wages---$848,439
Current Officers, Directors, Trustees, and Key Employees---$832,155
Information Technology---$609,386
All Other Expenses---$407,676
Occupancy---$353,876
Depreciation Depletion---$327,546
Fees for Services Other---$160,321
Payroll Taxes---$141,306
Pension Plan Contributions---$90,140
Fees for Services Accounting---$90,000
Fees for Services Legal---$85,122
Office Expenses---$81,685
Advertising---$80,325
Other Employee Benefits---$62,724
Insurance---$56,858
Other Expenses---$47,576
Conferences and Meetings---$11,000
Total Functional Expenses$0$0$0$7,868,875
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
Member Deposits$160,377,635
Other Liabilities$505,699
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, 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, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section B, Line 11B

“The forms 990 and 990t are prepared by a cpa firm. The board of directors will review the returns and this review will be documented in the meeting minutes.”

Form 990, Part VI, Section B, Line 15

“Based on performance goals. Increases for ceo, cfo, and clo are reviewed by the board of directors prior to employee evaluation and pay-out.”

Form 990, Part VI, Section C, Line 19

“Information is posted in credit union lobby and available upon request.”

Filing and Contact Details

Filer

Filer Name
Alden Credit Union
EIN
04-1020315
Phone
4135360475
Address
710 GRATTAN STREET, CHICOPEE, MA 01020

Signing Officer

Name
Adam Corcoran
Title
President & CEO
Phone
4135360475
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Corcoran
Formed
1939
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
9
Employees
27
Volunteers
9

Preparer

Firm
Gerald T Reilly & Company
Address
424 ADAMS STREET, MILTON, MA 02186
Preparer
Giuseppe Femia CPA
Phone
6176968900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adoption of asc 326 and the related cecl adjustment -372,179.”

FORM 990, PART XII, LINE 2C:

“The audit committee assumes responsibility for oversight of the audit.”

Raw XML AppendixShowing 400 of 432 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02043267
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02208981
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CREDIT UNION THRIFT SERVICES
IRS990/AdvertisingGrp/TotalAmt080325
IRS990/AllOtherExpensesGrp/TotalAmt0407676
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ADAM CORCORAN
IRS990/BooksInCareOfDetail/PhoneNum04135360475
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0710 GRATTAN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICOPEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001020
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt012725642
IRS990/CashNonInterestBearingGrp/EOYAmt012189078
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0832155
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt011000
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0814843
IRS990/CYOtherExpensesAmt05894111
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt07449476
IRS990/CYRevenuesLessExpensesAmt0395444
IRS990/CYSalariesCompEmpBnftPaidAmt01974764
IRS990/CYTotalExpensesAmt07868875
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08264319
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0327546
IRS990/Desc0MUTUAL CREDIT UNION THAT PROVIDES FINANCIAL SERVICES, PRIMARY DEPOSIT ACCOUNTS AND LOANS TO MEMBERS IN THE HAMPDEN AND HAMPSHIRE COUNTIES OF MASSACHUSETTS. TOTAL MEMBERS AS OF DECEMBER 31, 2023 TOTALED 13,853 .
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt027
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt090000
IRS990/FeesForServicesLegalGrp/TotalAmt085122
IRS990/FeesForServicesOtherGrp/TotalAmt0160321
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt050006
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1029468
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1110697
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1217399
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1313317
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM CORCORAN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARC DUGRE
IRS990/Form990PartVIISectionAGrp/PersonNm2KEVIN GARVIN
IRS990/Form990PartVIISectionAGrp/PersonNm3ROB DESORMIER
IRS990/Form990PartVIISectionAGrp/PersonNm4GLENN BEAUREGARD
IRS990/Form990PartVIISectionAGrp/PersonNm5KAREN KIRBY
IRS990/Form990PartVIISectionAGrp/PersonNm6BENJAMIN SABBS
IRS990/Form990PartVIISectionAGrp/PersonNm7NEAL QUENSNEL
IRS990/Form990PartVIISectionAGrp/PersonNm8JAY HAMBLEY
IRS990/Form990PartVIISectionAGrp/PersonNm9WILLIAM EZEDINE
IRS990/Form990PartVIISectionAGrp/PersonNm10LAURIE J ROLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm11JENNIFER ALVES FAUSTINO
IRS990/Form990PartVIISectionAGrp/PersonNm12KIMBERLY SEAVER
IRS990/Form990PartVIISectionAGrp/PersonNm13SARA BARNES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0269888
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt42ND VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt81ST VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SVP OF FINANCE/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP- DEPOSIT OPERATIONS/BS
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF SERVICING & FINANCE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08264319
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0609386
IRS990/InsuranceGrp/TotalAmt056858
IRS990/InterestGrp/TotalAmt03222487
IRS990/InvestmentIncomeGrp/ExclusionAmt0814843
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0814843
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0218000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01172000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt029526354
IRS990/InvestmentsPubTradedSecGrp/EOYAmt028784602
IRS990/IRPDocumentCnt03103
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04978662
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09310214
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09177269
IRS990/LandBldgEquipCostOrOtherBssAmt014155931
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MUTUAL CREDIT UNION THAT PROVIDES FINANCIAL SERVICES, PRIMARY DEPOSIT ACCOUNTS AND LOANS TO MEMBERS IN THE HAMPDEN AND HAMPSHIRE COUNTIES OF MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt026000000
IRS990/NetAssetsOrFundBalancesBOYAmt010730561
IRS990/NetAssetsOrFundBalancesEOYAmt011315487
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0561661
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0353876
IRS990/OfficeExpensesGrp/TotalAmt081685
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02932378
IRS990/OtherAssetsTotalGrp/EOYAmt02598534
IRS990/OtherChangesInNetAssetsAmt0-372179
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062724
IRS990/OtherExpensesGrp/Desc0POSTAGE
IRS990/OtherExpensesGrp/Desc1DEBIT CARD EXPENSE
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3DIVISION OF BANKS ASSES
IRS990/OtherExpensesGrp/TotalAmt0170084
IRS990/OtherExpensesGrp/TotalAmt1140169
IRS990/OtherExpensesGrp/TotalAmt250000
IRS990/OtherExpensesGrp/TotalAmt347576
IRS990/OtherLiabilitiesGrp/BOYAmt0178680863
IRS990/OtherLiabilitiesGrp/EOYAmt0160883334
IRS990/OtherSalariesAndWagesGrp/TotalAmt0848439
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0140290378
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0146003602
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0141306
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt090140
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0264153
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0195271
IRS990/PrincipalOfficerNm0ADAM CORCORAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1ACCOUNT FEES INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc3GAINS ON LOANS SOLD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05598554
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11168350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2570471
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt365861
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05598554
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11214590
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2570471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt365861
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt046240
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0592421
IRS990/PYOtherExpensesAmt03893097
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06670795
IRS990/PYRevenuesLessExpensesAmt01041331
IRS990/PYSalariesCompEmpBnftPaidAmt02328788
IRS990/PYTotalExpensesAmt06221885
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07263216
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0395444
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010730561
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011315487
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0187572
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0287446
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07838763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02528778
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010367541
IRS990ScheduleD/LandGrp/BookValueAmt0870652
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0870652
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0467854
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02449884
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02917738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0505699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1160377635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09177269
IRS990ScheduleD/TotalLiabilityAmt0160883334
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0232256
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount037632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt050006
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ADAM CORCORAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0319894
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION OF THE PRESIDENT/CEO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORMS 990 AND 990T ARE PREPARED BY A CPA FIRM. THE BOARD OF DIRECTORS WILL REVIEW THE RETURNS AND THIS REVIEW WILL BE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BASED ON PERFORMANCE GOALS. INCREASES FOR CEO, CFO, AND CLO ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO EMPLOYEE EVALUATION AND PAY-OUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INFORMATION IS POSTED IN CREDIT UNION LOBBY AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADOPTION OF ASC 326 AND THE RELATED CECL ADJUSTMENT -372,179.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0195454691
IRS990/TotalAssetsEOYAmt0200407802
IRS990/TotalAssetsGrp/BOYAmt0195454691
IRS990/TotalAssetsGrp/EOYAmt0200407802
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/TotalAmt07868875
IRS990/TotalGrossUBIAmt046240
IRS990/TotalLiabilitiesBOYAmt0184724130
IRS990/TotalLiabilitiesEOYAmt0189092315
IRS990/TotalLiabilitiesGrp/BOYAmt0184724130
IRS990/TotalLiabilitiesGrp/EOYAmt0189092315
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010730561
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011315487
IRS990/TotalOtherCompensationAmt0120887
IRS990/TotalProgramServiceRevenueAmt07449476
IRS990/TotalReportableCompFromOrgAmt0711270
IRS990/TotalRevenueGrp/ExclusionAmt0814843
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07403236
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08264319
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt046240
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0195454691
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0200407802
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0710 GRATTAN STREET
IRS990/USAddress/CityNm0CHICOPEE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001020
IRS990/VotingMembersGoverningBodyCnt010

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