Civic Intelligence

Athol Credit Union

990 • Fiscal year 2016 • EIN 04-1046540

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

Organization ProfileWWW.ATHOLCREDITUNION.COM

View Organization Page

513 Main StreetAthol, MA 01331

(978) 824-9352

Siviq Scores

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

Liabilities / Assets

97th percentile

0.93x

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

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

26.77x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

7th percentile

0.7%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

60th percentile

$220,987

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

82nd percentile

8.4%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

14%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$105,003,662

Up $8,164,533 (+8.4%) from 2015

Net Assets

Down

$7,342,056

Down $604,869 (-7.6%) from 2015

Liabilities

Up

$97,661,606

Up $8,769,402 (+9.9%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin7th percentile

Revenue

Up

$3,648,738

Up $449,884 (+14%) from 2015

Expenses

Down

$3,622,088

Down $79,185 (-2.1%) from 2015

Net Income

Up

$26,650

Up $529,069 (+105%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2016

Assets$105,003,662
Liabilities$97,661,606
Net Assets$7,342,056
Open 2016 Filing

Operations Trend

Revenue Growth87th 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

2016

Revenue$3,648,738
Expenses$3,622,088
Net Income$26,650
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$3,648,738
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$60,326,598$63,374,848▲ $3,048,250
Investments in Publicly Traded Securities$29,187,299$34,454,077▲ $5,266,778
Rtn Earn Endowment Incm Other Fnds$7,946,925$7,342,056▼ $604,869
Investments Other Securities$1,423,000$1,705,800▲ $282,800
Savings and Temporary Cash Investments$1,966,701$1,324,892▼ $641,809
Land, Buildings, and Equipment, Net$943,338$826,896▼ $116,442
Cash and Non-Interest-Bearing Accounts$592,294$379,314▼ $212,980
Total Assets$96,839,129$105,003,662▲ $8,164,533
Other Assets Total$2,399,899$2,937,835▲ $537,936
Liabilities
Other Liabilities$88,892,204$97,661,606▲ $8,769,402
Total Liabilities$88,892,204$97,661,606▲ $8,769,402
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,946,925$7,342,056▼ $604,869
Total Liabilities and Net Assets / Fund Balance$96,839,129$105,003,662▲ $8,164,533

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$683,514$2,054,875$2,738,389
Equipment$99,619$1,679,854$1,779,473
Leasehold Improvements$22,938$26,216$49,154
Land$20,825-$20,825
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin J MillerPresident/ceFT$204,620$16,367$220,987
Kevin J MillerPresident/CEO-$204,620$16,367$220,987
Gina M MaroniTreasurer-$114,292$6,791$121,083

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,423,836
Investment Income
$906,885
Other Revenue
$318,017
Change in Net Assets
$26,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,930,042
Salaries, Compensation, and Employee Benefits$1,401,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$581,071$290,535-$871,606
Current Officers, Directors, Trustees, and Key Employees-$342,070-$342,070
Interest$295,362--$295,362
Benefits to Members$290,588--$290,588
All Other Expenses$141,126$116,035-$257,161
Office Expenses-$231,907-$231,907
Depreciation Depletion-$195,697-$195,697
Occupancy-$130,134-$130,134
Other Expenses$116,700$119,386-$116,700
Payroll Taxes$67,578$33,284-$100,862
Other Employee Benefits-$81,757-$81,757
Advertising-$72,427-$72,427
Fees for Services Accounting-$57,449-$57,449
Insurance-$51,112-$51,112
Conferences and Meetings-$21,067-$21,067
Pension Plan Contributions$3,442$1,721-$5,163
Travel-$4,114-$4,114
Fees for Services Legal-$2,790-$2,790
Total Functional Expenses$1,699,013$1,923,075$0$3,622,088
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$62,697,000
Borrowings$34,500,000
Other Liabilities$464,606
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The credit union has members”

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

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

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

“The organization contracts with the cpa firm to prepare form 990. After preparaton, 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 filing of the form 990.”

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

“Code of ethics policy speaks of conflict of interest and it is approved annually by the board of directors and then distributed to the staff members, a signed confirmation is mandatory.”

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

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

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

“Directors are considered independent third parties and the credit union uses comparative industry data, and extensive deliberations by the management committee of the board in order to determine appropriate salaries and adjustments.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Athol Credit Union
EIN
04-1046540
Phone
9788249352
Address
513 MAIN STREET, ATHOL, MA 01331

Signing Officer

Name
Gina M Maroni
Title
Treasurer
Phone
9782493527
Signed
2017-05-15

Organization Details

Principal Officer
Kevin J Miller
Formed
1930
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
11
Employees
41

Preparer

Firm
MERCADANTE & MERCADANTE PC CPA'S
Address
PO BOX 2125, FITCHBURG, MA 01420
Preparer
Anthony J Mercadante
Phone
9783420647
Raw XML AppendixShowing 400 of 431 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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IRS990/NetAssetsOrFundBalancesEOYAmt07342056
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0207785
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0207785
IRS990/NetUnrelatedBusTxblIncmAmt0-602
IRS990/NetUnrlzdGainsLossesInvstAmt0-631519
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0130134
IRS990/OccupancyGrp/TotalAmt0130134
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0231907
IRS990/OfficeExpensesGrp/TotalAmt0231907
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02399899
IRS990/OtherAssetsTotalGrp/EOYAmt02937835
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt081757
IRS990/OtherEmployeeBenefitsGrp/TotalAmt081757
IRS990/OtherExpensesGrp/Desc0DATA PROCESSING & INTERNE
IRS990/OtherExpensesGrp/Desc1OTHER OPERATIONAL EXPENSE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc3ONLINE BANKING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0171590
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1119386
IRS990/OtherExpensesGrp/ProgramServicesAmt0203146
IRS990/OtherExpensesGrp/ProgramServicesAmt1116700
IRS990/OtherExpensesGrp/TotalAmt0203146
IRS990/OtherExpensesGrp/TotalAmt1171590
IRS990/OtherExpensesGrp/TotalAmt2119386
IRS990/OtherExpensesGrp/TotalAmt3116700
IRS990/OtherLiabilitiesGrp/BOYAmt088892204
IRS990/OtherLiabilitiesGrp/EOYAmt097661606
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/Desc0FEES & SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1SALE OF OREO PROPERTIES
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0231882
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt147153
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt226000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0231882
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt147153
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt226000
IRS990/OtherRevenueTotalAmt0318017
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0290535
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0581071
IRS990/OtherSalariesAndWagesGrp/TotalAmt0871606
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt060326598
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt063374848
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033284
IRS990/PayrollTaxesGrp/ProgramServicesAmt067578
IRS990/PayrollTaxesGrp/TotalAmt0100862
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01721
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03442
IRS990/PensionPlanContributionsGrp/TotalAmt05163
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KEVIN J MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1BUILDING-RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02397056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02397056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126780
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE CREDIT TO MEMBERSHIP WITH VARIOUS LOAN PRODUCTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01079894
IRS990/ProgSrvcAccomActy3Grp/Desc0TO PROVIDE DEBIT AND CREDIT CARD SERVICES TO THE MEMBERSHIP
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0116700
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0298656
IRS990/PYInvestmentIncomeAmt0525977
IRS990/PYOtherExpensesAmt02110272
IRS990/PYOtherRevenueAmt0293329
IRS990/PYProgramServiceRevenueAmt02379548
IRS990/PYRevenuesLessExpensesAmt0-502419
IRS990/PYSalariesCompEmpBnftPaidAmt01292345
IRS990/PYTotalExpensesAmt03701273
IRS990/PYTotalRevenueAmt03198854
IRS990/ReconcilationRevenueExpnssAmt026650
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07946925
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07342056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01966701
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01324892
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0683514
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02054875
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02738389
IRS990ScheduleD/EquipmentGrp/BookValueAmt099619
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01679854
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01779473
IRS990ScheduleD/LandGrp/BookValueAmt020825
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020825
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt022938
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt026216
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062697000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt134500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2464606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BORROWINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0826896
IRS990ScheduleD/TotalLiabilityAmt097661606
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0204620
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt016367
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN J MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0220987
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
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 PREPARATON, 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 FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CODE OF ETHICS POLICY SPEAKS OF CONFLICT OF INTEREST AND IT IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS AND THEN DISTRIBUTED TO THE STAFF MEMBERS, A SIGNED CONFIRMATION IS MANDATORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IF DIRECTORS ARE CONSIDERED INDEPENDENT THIRD PARTIES, CREDIT UNION USE COMPARATIVE INDUSTRY DATA, AND ALSO HAVE A CONTEMPRANEOUS DELIBERATION BY THE MANAGEMENT COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DIRECTORS ARE CONSIDERED INDEPENDENT THIRD PARTIES AND THE CREDIT UNION USES COMPARATIVE INDUSTRY DATA, AND EXTENSIVE DELIBERATIONS BY THE MANAGEMENT COMMITTEE OF THE BOARD IN ORDER TO DETERMINE APPROPRIATE SALARIES AND ADJUSTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION POSTS UNAUDITED FINANCIAL STATEMENTS IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt096839129
IRS990/TotalAssetsEOYAmt0105003662
IRS990/TotalAssetsGrp/BOYAmt096839129
IRS990/TotalAssetsGrp/EOYAmt0105003662
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01923075
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01699013
IRS990/TotalFunctionalExpensesGrp/TotalAmt03622088
IRS990/TotalGrossUBIAmt012982
IRS990/TotalLiabilitiesBOYAmt088892204
IRS990/TotalLiabilitiesEOYAmt097661606
IRS990/TotalLiabilitiesGrp/BOYAmt088892204
IRS990/TotalLiabilitiesGrp/EOYAmt097661606
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07946925
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07342056
IRS990/TotalOtherCompensationAmt023158
IRS990/TotalProgramServiceExpensesAmt01699013
IRS990/TotalProgramServiceRevenueAmt02423836
IRS990/TotalReportableCompFromOrgAmt0318912
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03635756
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03648738
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012982
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096839129
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0105003662
IRS990/TravelGrp/ManagementAndGeneralAmt04114
IRS990/TravelGrp/TotalAmt04114
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0513 MAIN STREET
IRS990/USAddress/CityNm0ATHOL
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001331
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$105,003,662
Liabilities
$97,661,606
Net assets
$7,342,056
Revenue
$3,648,738
Expenses
$3,622,088
Net income
$26,650
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
2016Detailed filing. Detailed filing data is available for this year.$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