Civic Intelligence

Athol Credit Union

990 • Fiscal year 2013 • EIN 04-1046540

Jan 01, 2013 to Dec 31, 2013 • Filed on May 07, 2014

Organization ProfileWWW.ATHOLCREDITUNION.COM

View Organization Page

513 Main StreetAthol, MA 01331

(978) 249-3527

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.91x

Higher debt load relative to assets than 75% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

82nd percentile

23.39x

Higher debt load relative to revenue than 82% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

11th percentile

-0.9%

Higher net margin than 11% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

88th percentile

$194,189

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

85th percentile

6.9%

Faster asset growth than 85% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

25th percentile

-4.4%

Faster revenue growth than 25% of similar nonprofits.

2013 filings • $50M-$100M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$90,348,194

Up $5,845,966 (+6.9%) from 2012

Net Assets

Down

$8,082,135

Down $1,105,785 (-12%) from 2012

Liabilities

Up

$82,266,059

Up $6,951,751 (+9.2%) from 2012

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin11th percentile

Revenue

$3,516,872

No earlier filing loaded for comparison.

Expenses

Down

$3,548,492

Down $258,775 (-6.8%) from 2012

Net Income

-$31,620

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $79,725,885Liabilities 2010: $70,446,324Net Assets 2010: $9,279,5612010Assets 2011: $80,622,194Liabilities 2011: $71,234,974Net Assets 2011: $9,387,2202011Assets 2012: $84,502,228Liabilities 2012: $75,314,308Net Assets 2012: $9,187,9202012Assets 2013: $90,348,194Liabilities 2013: $82,266,059Net Assets 2013: $8,082,1352013Assets 2014: $90,790,643Liabilities 2014: $82,131,265Net Assets 2014: $8,659,3782014Assets 2015: $96,839,129Liabilities 2015: $88,892,204Net Assets 2015: $7,946,9252015Assets 2016: $105,003,662Liabilities 2016: $97,661,606Net Assets 2016: $7,342,0562016Assets 2017: $104,484,619Liabilities 2017: $97,073,767Net Assets 2017: $7,410,8522017Assets 2018: $95,457,018Liabilities 2018: $88,430,121Net Assets 2018: $7,026,8972018Assets 2019: $93,689,380Liabilities 2019: $86,785,870Net Assets 2019: $6,903,5102019Assets 2020: $78,897,446Liabilities 2020: $71,733,730Net Assets 2020: $7,163,7162020Assets 2021: $79,397,354Liabilities 2021: $71,826,749Net Assets 2021: $7,570,6052021Assets 2022: $84,943,474Liabilities 2022: $76,950,431Net Assets 2022: $7,993,0432022Assets 2023: $90,278,013Liabilities 2023: $82,065,220Net Assets 2023: $8,212,7932023Assets 2024: $94,916,508Liabilities 2024: $86,727,187Net Assets 2024: $8,189,3212024

Highlighted filing

2013

Assets$90,348,194
Liabilities$82,266,059
Net Assets$8,082,135
Open 2013 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,273,5452010Revenue 2011: $3,849,185Expenses 2011: $4,157,896Net Income 2011: -$308,7112011Expenses 2012: $3,807,2672012Revenue 2013: $3,516,872Expenses 2013: $3,548,492Net Income 2013: -$31,6202013Revenue 2014: $3,319,028Expenses 2014: $3,448,402Net Income 2014: -$129,3742014Revenue 2015: $3,198,854Expenses 2015: $3,701,273Net Income 2015: -$502,4192015Revenue 2016: $3,648,738Expenses 2016: $3,622,088Net Income 2016: $26,6502016Revenue 2017: $3,670,023Expenses 2017: $3,838,996Net Income 2017: -$168,9732017Revenue 2018: $3,872,269Expenses 2018: $3,970,030Net Income 2018: -$97,7612018Revenue 2019: $3,728,865Expenses 2019: $4,384,402Net Income 2019: -$655,5372019Revenue 2020: $3,437,018Expenses 2020: $3,461,203Net Income 2020: -$24,1852020Revenue 2021: $3,643,738Expenses 2021: $3,225,647Net Income 2021: $418,0912021Revenue 2022: $4,194,178Expenses 2022: $3,449,455Net Income 2022: $744,7232022Revenue 2023: $4,642,872Expenses 2023: $4,399,277Net Income 2023: $243,5952023Revenue 2024: $5,335,322Expenses 2024: $5,314,812Net Income 2024: $20,5102024

Highlighted filing

2013

Revenue$3,516,872
Expenses$3,548,492
Net Income-$31,620
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 7, 2014
Return Version
2013v3.0
Gross Receipts
$3,516,872
Mission and Program Overview

Mission

The credit union accept deposits and grant loans to its members. Benefits paid are dividends on deposit accounts and granting accessible credit to its members.

The credit union accepts deposits and grants loans to its members. Benefits paid are dividends on deposit accounts and granting accessible credit to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$61,059,583$62,480,050▲ $1,420,467
Investments in Publicly Traded Securities$17,564,998$20,879,814▲ $3,314,816
Rtn Earn Endowment Incm Other Fnds$9,187,920$8,082,135▼ $1,105,785
Savings and Temporary Cash Investments$1,300,260$2,216,482▲ $916,222
Land, Buildings, and Equipment, Net$1,378,863$1,185,529▼ $193,334
Investments Other Securities$1,050,100$993,500▼ $56,600
Cash and Non-Interest-Bearing Accounts$569,942$625,710▲ $55,768
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$84,502,228$90,348,194▲ $5,845,966
Other Assets Total$1,578,482$1,967,109▲ $388,627
Liabilities
Other Liabilities$75,314,308$82,266,059▲ $6,951,751
Total Liabilities$75,314,308$82,266,059▲ $6,951,751
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,187,920$8,082,135▼ $1,105,785
Total Liabilities and Net Assets / Fund Balance$84,502,228$90,348,194▲ $5,845,966

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,038,162$1,654,054-
Land$20,825--
Equipment$32,769$16,385-
Leasehold Improvements$93,773$1,519,124-
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin J MillerPresident/CEOFT$193,536$653$194,189
Gina M OroTreasurerFT$107,352$528$107,880

Board Members and Trustees

NameTitle
James E HerbertChairperson
Stephen a Rabideau SrVice-chairperson
Charles a ShatosDirector
Craig S TwoheyDirector
Herbert H WheelerDirector
Janis MontalbanoDirector
Martin S AnderholmDirector
Richard D VerockDirector
Roger E MyersDirector
THOMAS R O'CONNORDirector
William ChiassonDirector
Francis W FosterDirector-clerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,693,495
Investment Income
$493,285
Other Revenue
$330,092
Change in Net Assets
$-31,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,776,469
Salaries, Compensation, and Employee Benefits$1,400,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$571,686$285,843-$857,529
Benefits to Members$371,936--$371,936
Current Officers, Directors, Trustees, and Key Employees-$302,069-$302,069
Office Expenses-$271,849-$271,849
Interest-$264,592-$264,592
Depreciation Depletion---$240,131
All Other Expenses-$184,868-$184,868
Occupancy-$155,609-$155,609
Other Employee Benefits-$126,210-$126,210
Insurance-$100,962-$100,962
Payroll Taxes$48,953$50,242-$99,195
Advertising-$70,968-$70,968
Other Expenses-$64,436-$64,436
Fees for Services Accounting-$52,365-$52,365
Conferences and Meetings-$24,204-$24,204
Pension Plan Contributions$10,056$5,028-$15,084
Travel-$3,682-$3,682
Fees for Services Legal-$3,065-$3,065
Total Functional Expenses$1,002,631$2,305,730$0$3,548,492
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
MEMBERS' SHARE AND DEPOSIT ACCOUNTS$64,421,720
Borrowings$17,500,000
Other Liabilities$344,339
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The credit union has members”

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

“The credit union holds an annual meeting according to its bylaws where all members are given proper notification. The bylaws call for the election of directors whose terms have expired.”

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

“The credit union members ratify decisions of the governing body at their annual meeting and elect directors at that time.”

Form 990, Part VI, Section B, Line 11

“The organization contracts with the cpa firm to prepare form 990. After preparation, a draft copy is sent to the president and ceo and the chief financial officer for review. Once approved the 990 is filed. A copy of the 990 is provided to the audit committee and the full board for their review and ratification at the meeting following the filling of the form 990.”

Form 990, Part VI, Section B, Line 15

“If directors are considered independent third parties, credit union use comparative industry data, and also have a contemporaneous deliberation by the management committee of the board.”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“The credit union posts unaudited financial statements in the lobby of the credit union.”

Filing and Contact Details

Filer

EIN
04-1046540
Phone
9782493527

Signing Officer

Name
Kevin Miller
Title
President/CEO
Phone
9782493527
Signed
2014-05-07

Organization Details

Principal Officer
Kevin Miller
Formed
1930
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
31
Volunteers
0

Preparer

Preparer
Anthony J Mercadante
Phone
9783420647
Supplemental Narrative

Additional Explanations

Form 990, Page 12 Part XII, Line 2C

“The audit committee assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent auditor.”

Raw XML AppendixShowing 400 of 463 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/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESSIBLE CREDIT TO ITS MEMBERS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt070968
IRS990/AdvertisingGrp/TotalAmt070968
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0184868
IRS990/AllOtherExpensesGrp/TotalAmt0184868
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0371936
IRS990/BenefitsToMembersGrp/TotalAmt0371936
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10KEVIN J MILLER
IRS990/BooksInCareOfDetail/PhoneNum09782493527
IRS990/BooksInCareOfDetail/USAddress/AddressLine10513 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/City0ATHOL
IRS990/BooksInCareOfDetail/USAddress/State0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode001331
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0569942
IRS990/CashNonInterestBearingGrp/EOYAmt0625710
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0302069
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0302069
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt024204
IRS990/ConferencesMeetingsGrp/TotalAmt024204
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0371936
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0493285
IRS990/CYOtherExpensesAmt01776469
IRS990/CYOtherRevenueAmt0330092
IRS990/CYProgramServiceRevenueAmt02693495
IRS990/CYRevenuesLessExpensesAmt0-31620
IRS990/CYSalariesCompEmpBnftPaidAmt01400087
IRS990/CYTotalExpensesAmt03548492
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03516872
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0240131
IRS990/Desc0DIVIDENDS AND INTEREST PAID ON MEMBERS' DEPOSITS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt031
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt0371936
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt052365
IRS990/FeesForServicesAccountingGrp/TotalAmt052365
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03065
IRS990/FeesForServicesLegalGrp/TotalAmt03065
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12653
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13528
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS R O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm1ROGER E MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm2FRANCIS W FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES E HERBERT
IRS990/Form990PartVIISectionAGrp/PersonNm4JANIS MONTALBANO
IRS990/Form990PartVIISectionAGrp/PersonNm5MARTIN S ANDERHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm6STEPHEN A RABIDEAU SR
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES A SHATOS
IRS990/Form990PartVIISectionAGrp/PersonNm8CRAIG S TWOHEY
IRS990/Form990PartVIISectionAGrp/PersonNm9RICHARD D VEROCK
IRS990/Form990PartVIISectionAGrp/PersonNm10HERBERT H WHEELER
IRS990/Form990PartVIISectionAGrp/PersonNm11WILLIAM CHIASSON
IRS990/Form990PartVIISectionAGrp/PersonNm12KEVIN J MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm13GINA M ORO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12193536
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13107352
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR-CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE-CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01930
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0133421
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0133421
IRS990/GrossReceiptsAmt03516872
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0100962
IRS990/InsuranceGrp/TotalAmt0100962
IRS990/InterestGrp/ManagementAndGeneralAmt0264592
IRS990/InterestGrp/TotalAmt0264592
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0359864
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0359864
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01050100
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0993500
IRS990/InvestmentsPubTradedSecGrp/BOYAmt017564998
IRS990/InvestmentsPubTradedSecGrp/EOYAmt020879814
IRS990/IRPDocumentCnt08436
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03189563
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01378863
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01185529
IRS990/LandBldgEquipCostOrOtherBssAmt04375092
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. PROGRAM SERVICE EXPENSES ARE PRIMARILY DIVIDENDS PAID TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09187920
IRS990/NetAssetsOrFundBalancesEOYAmt08082135
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0133421
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0133421
IRS990/NetUnrelatedBusTxblIncmAmt0-1877
IRS990/NetUnrlzdGainsLossesInvstAmt0-1074165
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0155609
IRS990/OccupancyGrp/TotalAmt0155609
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0271849
IRS990/OfficeExpensesGrp/TotalAmt0271849
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01578482
IRS990/OtherAssetsTotalGrp/EOYAmt01967109
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0126210
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0126210
IRS990/OtherExpensesGrp/Desc0DATA PROCESSING & INTER
IRS990/OtherExpensesGrp/Desc1ONLINE BANKING
IRS990/OtherExpensesGrp/Desc2SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc3OTHER OPERATIONAL EXPEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0192568
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt178667
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt268503
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt364436
IRS990/OtherExpensesGrp/TotalAmt0192568
IRS990/OtherExpensesGrp/TotalAmt178667
IRS990/OtherExpensesGrp/TotalAmt268503
IRS990/OtherExpensesGrp/TotalAmt364436
IRS990/OtherLiabilitiesGrp/BOYAmt075314308
IRS990/OtherLiabilitiesGrp/EOYAmt082266059
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0FEES & SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2NON MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0255909
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt170323
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0255909
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt170323
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23860
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt03860
IRS990/OtherRevenueTotalAmt0330092
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0285843
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0571686
IRS990/OtherSalariesAndWagesGrp/TotalAmt0857529
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt061059583
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt062480050
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt050242
IRS990/PayrollTaxesGrp/ProgramServicesAmt048953
IRS990/PayrollTaxesGrp/TotalAmt099195
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05028
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010056
IRS990/PensionPlanContributionsGrp/TotalAmt015084
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN MILLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME ON LOA
IRS990/ProgramServiceRevenueGrp/Desc1BUILDING-RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02643896
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt149599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02643896
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt149599
IRS990/ProgSrvcAccomActy2Grp/Desc0EMPLOYEES SALARIES AND BENEFITS (EXCLUDING OFFICERS)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0630695
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0403937
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0516814
IRS990/PYOtherExpensesAmt01959873
IRS990/PYOtherRevenueAmt0375384
IRS990/PYProgramServiceRevenueAmt02776480
IRS990/PYRevenuesLessExpensesAmt0-138589
IRS990/PYSalariesCompEmpBnftPaidAmt01443457
IRS990/PYTotalExpensesAmt03807267
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03668678
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-31620
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09187920
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08082135
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01300260
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02216482
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01038162
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01654054
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02692216
IRS990ScheduleD/EquipmentGrp/BookValueAmt032769
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016385
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt049154
IRS990ScheduleD/LandGrp/BookValueAmt020825
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt020825
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt093773
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01519124
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01612897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt064421720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1344339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2BORROWINGS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01185529
IRS990ScheduleD/TotalLiabilityAmt082266059
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0193536
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0653
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN J MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0194189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION HOLDS AN ANNUAL MEETING ACCORDING TO ITS BYLAWS WHERE ALL MEMBERS ARE GIVEN PROPER NOTIFICATION. THE BYLAWS CALL FOR THE ELECTION OF DIRECTORS WHOSE TERMS HAVE EXPIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION MEMBERS RATIFY DECISIONS OF THE GOVERNING BODY AT THEIR ANNUAL MEETING AND ELECT DIRECTORS AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONTRACTS WITH THE CPA FIRM TO PREPARE FORM 990. AFTER PREPARATION, A DRAFT COPY IS SENT TO THE PRESIDENT AND CEO AND THE CHIEF FINANCIAL OFFICER FOR REVIEW. ONCE APPROVED THE 990 IS FILED. A COPY OF THE 990 IS PROVIDED TO THE AUDIT COMMITTEE AND THE FULL BOARD FOR THEIR REVIEW AND RATIFICATION AT THE MEETING FOLLOWING THE FILLING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF DIRECTORS ARE CONSIDERED INDEPENDENT THIRD PARTIES, CREDIT UNION USE COMPARATIVE INDUSTRY DATA, AND ALSO HAVE A CONTEMPORANEOUS DELIBERATION BY THE MANAGEMENT COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION POSTS UNAUDITED FINANCIAL STATEMENTS IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR.
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 A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 12 PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt084502228
IRS990/TotalAssetsEOYAmt090348194
IRS990/TotalAssetsGrp/BOYAmt084502228
IRS990/TotalAssetsGrp/EOYAmt090348194
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt031

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$90,348,194
Liabilities
$82,266,059
Net assets
$8,082,135
Revenue
$3,516,872
Expenses
$3,548,492
Net income
-$31,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.9$86.7$8.19$5.34$5.31$0.02
2023Detailed filing. Detailed filing data is available for this year.$90.3$82.1$8.21$4.64$4.40$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$84.9$77.0$7.99$4.19$3.45$0.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.4$71.8$7.57$3.64$3.23$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.9$71.7$7.16$3.44$3.46$0.02
2019Detailed filing. Detailed filing data is available for this year.$93.7$86.8$6.90$3.73$4.38$0.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.5$88.4$7.03$3.87$3.97$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$97.1$7.41$3.67$3.84$0.17
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$97.7$7.34$3.65$3.62$0.03
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$96.8$88.9$7.95$3.20$3.70$0.50
2014Detailed filing. Detailed filing data is available for this year.$90.8$82.1$8.66$3.32$3.45$0.13
2013Detailed filing. Detailed filing data is available for this year.$90.3$82.3$8.08$3.52$3.55$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.5$75.3$9.19$3.81
2011Summary only. Only limited summary data is available for this year.$80.6$71.2$9.39$3.85$4.16$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$70.4$9.28$4.27