Civic Intelligence

Athol Credit Union

990 • Fiscal year 2017 • EIN 04-1046540

Jan 01, 2017 to Dec 31, 2017 • Filed on May 01, 2018

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

97th percentile

0.93x

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

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

26.45x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

5th percentile

-4.6%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

60th percentile

$225,740

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

9th percentile

-0.5%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

0.6%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$104,484,619

Down $519,043 (-0.5%) from 2016

Net Assets

Up

$7,410,852

Up $68,796 (+0.9%) from 2016

Liabilities

Down

$97,073,767

Down $587,839 (-0.6%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin5th percentile

Revenue

Up

$3,670,023

Up $21,285 (+0.6%) from 2016

Expenses

Up

$3,838,996

Up $216,908 (+6.0%) from 2016

Net Income

Down

-$168,973

Down $195,623 (-734%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2017

Assets$104,484,619
Liabilities$97,073,767
Net Assets$7,410,852
Open 2017 Filing

Operations Trend

Revenue Growth13th 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

2017

Revenue$3,670,023
Expenses$3,838,996
Net Income-$168,973
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 1, 2018
Return Version
2017v2.3
Gross Receipts
$3,684,174
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$63,374,848$69,218,698▲ $5,843,850
Investments in Publicly Traded Securities$34,454,077$25,737,109▼ $8,716,968
Rtn Earn Endowment Incm Other Fnds$7,342,056$7,410,852▲ $68,796
Savings and Temporary Cash Investments$1,324,892$3,695,272▲ $2,370,380
Investments Other Securities$1,705,800$1,633,000▼ $72,800
Land, Buildings, and Equipment, Net$826,896$708,335▼ $118,561
Cash and Non-Interest-Bearing Accounts$379,314$669,313▲ $289,999
Total Assets$105,003,662$104,484,619▼ $519,043
Other Assets Total$2,937,835$2,822,892▼ $114,943
Liabilities
Other Liabilities$97,661,606$97,073,767▼ $587,839
Total Liabilities$97,661,606$97,073,767▼ $587,839
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,342,056$7,410,852▲ $68,796
Total Liabilities and Net Assets / Fund Balance$105,003,662$104,484,619▼ $519,043

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$579,128$2,181,514$2,760,642
Equipment$88,721$1,721,830$1,810,551
Leasehold Improvements$19,661$29,493$49,154
Land$20,825-$20,825
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin J MillerPresident/ceFT$207,056$18,684$225,740
Kevin J MillerPresident/CEO-$207,056$18,684$225,740
Gina M MaroniTreasurer-$116,145$6,868$123,013

Board Members and Trustees

NameTitle
Richard D VerockChairman of
Lisa CareyChairperson
Janis MontalbanoVice Chairpe
Charles a ShatosDirector
Francis W FosterDirector
Glenn EatonDirector
Herbert H WheelerDirector
Martin S AnderholmDirector
Raenette KramerDirector
Rebecca J BialeckiDirector
Stephen a Rabideau SrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,587,714
Investment Income
$656,862
Other Revenue
$425,447
Change in Net Assets
$-168,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,843,771
Salaries, Compensation, and Employee Benefits$1,626,423
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$692,141$346,071-$1,038,212
Benefits to Members$368,802--$368,802
Interest$358,711--$358,711
Current Officers, Directors, Trustees, and Key Employees-$348,753-$348,753
Office Expenses-$247,371-$247,371
All Other Expenses$102,646$111,042-$213,688
Depreciation Depletion-$205,663-$205,663
Occupancy-$157,845-$157,845
Other Employee Benefits-$122,011-$122,011
Payroll Taxes$75,970$37,418-$113,388
Other Expenses$119,996$80,884-$80,884
Advertising-$69,991-$69,991
Fees for Services Accounting-$57,626-$57,626
Insurance-$55,609-$55,609
Conferences and Meetings-$12,112-$12,112
Pension Plan Contributions$2,706$1,353-$4,059
Travel-$3,159-$3,159
Fees for Services Legal-$2,416-$2,416
Total Functional Expenses$1,841,078$1,997,918$0$3,838,996
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$65,399,598
Borrowings$31,250,000
Other Liabilities$424,169
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
9782493527
Address
513 MAIN STREET, ATHOL, MA 01331

Signing Officer

Name
Gina M Maroni
Title
Treasurer
Phone
9782493527
Signed
2018-05-01

Organization Details

Principal Officer
Kevin J Miller
Formed
1930
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
11
Employees
42

Preparer

Firm
MERCADANTE & MERCADANTE PC CPA'S
Address
29 MECHANIC ST PO BOX 2125, FITCHBURG, MA 01420-0013
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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE CREDIT UNION ACCEPT DEPOSITS AND GRANT LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESSIBLE CREDIT TO ITS MEMBERS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt069991
IRS990/AdvertisingGrp/TotalAmt069991
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0111042
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0102646
IRS990/AllOtherExpensesGrp/TotalAmt0213688
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0368802
IRS990/BenefitsToMembersGrp/TotalAmt0368802
IRS990/BooksInCareOfDetail/PersonNm0GINA M MARONI
IRS990/BooksInCareOfDetail/PhoneNum09782493527
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0513 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ATHOL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001331
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0379314
IRS990/CashNonInterestBearingGrp/EOYAmt0669313
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0348753
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0348753
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt012112
IRS990/ConferencesMeetingsGrp/TotalAmt012112
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0368802
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0656862
IRS990/CYOtherExpensesAmt01843771
IRS990/CYOtherRevenueAmt0425447
IRS990/CYProgramServiceRevenueAmt02587714
IRS990/CYRevenuesLessExpensesAmt0-168973
IRS990/CYSalariesCompEmpBnftPaidAmt01626423
IRS990/CYTotalExpensesAmt03838996
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03670023
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0205663
IRS990/DepreciationDepletionGrp/TotalAmt0205663
IRS990/Desc0DIVIDEND AND INTEREST PAID ON MEMBERS' DEPOSITS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt042
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/ExpenseAmt0494916
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt057626
IRS990/FeesForServicesAccountingGrp/TotalAmt057626
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02416
IRS990/FeesForServicesLegalGrp/TotalAmt02416
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt018684
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/OtherCompensationAmt126868
IRS990/Form990PartVIISectionAGrp/PersonNm0KEVIN J MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm1REBECCA J BIALECKI
IRS990/Form990PartVIISectionAGrp/PersonNm2LISA CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm3FRANCIS W FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm4GLENN EATON
IRS990/Form990PartVIISectionAGrp/PersonNm5JANIS MONTALBANO
IRS990/Form990PartVIISectionAGrp/PersonNm6MARTIN S ANDERHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm7STEPHEN A RABIDEAU SR
IRS990/Form990PartVIISectionAGrp/PersonNm8CHARLES A SHATOS
IRS990/Form990PartVIISectionAGrp/PersonNm9RAENETTE KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm10RICHARD D VEROCK
IRS990/Form990PartVIISectionAGrp/PersonNm11HERBERT H WHEELER
IRS990/Form990PartVIISectionAGrp/PersonNm12GINA M MARONI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0207056
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/ReportableCompFromOrgAmt12116145
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/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRPE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIRMAN OF
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01930
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-14151
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03684174
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt055609
IRS990/InsuranceGrp/TotalAmt055609
IRS990/InterestGrp/ProgramServicesAmt0358711
IRS990/InterestGrp/TotalAmt0358711
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0671013
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0671013
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01705800
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01633000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt034454077
IRS990/InvestmentsPubTradedSecGrp/EOYAmt025737109
IRS990/IRPDocumentCnt08074
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03932837
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0826896
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0708335
IRS990/LandBldgEquipCostOrOtherBssAmt04641172
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt014151
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt022935
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt022935
IRS990/MissionDesc0THE CREDIT UNION ACCEPT DEPOSITS AND GRANT LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESSIBLE CREDIT TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07342056
IRS990/NetAssetsOrFundBalancesEOYAmt07410852
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-14151
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-14151
IRS990/NetUnrelatedBusTxblIncmAmt0-14
IRS990/NetUnrlzdGainsLossesInvstAmt0237769
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0157845
IRS990/OccupancyGrp/TotalAmt0157845
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0247371
IRS990/OfficeExpensesGrp/TotalAmt0247371
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02937835
IRS990/OtherAssetsTotalGrp/EOYAmt02822892
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0122011
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0122011
IRS990/OtherExpensesGrp/Desc0OTHER OPERATIONAL EXPENSE
IRS990/OtherExpensesGrp/Desc1DATA PROCESSING & INTERNE
IRS990/OtherExpensesGrp/Desc2ONLINE BANKING
IRS990/OtherExpensesGrp/Desc3SERVICE CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0138594
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt180884
IRS990/OtherExpensesGrp/ProgramServicesAmt0120106
IRS990/OtherExpensesGrp/ProgramServicesAmt1119996
IRS990/OtherExpensesGrp/TotalAmt0138594
IRS990/OtherExpensesGrp/TotalAmt1120106
IRS990/OtherExpensesGrp/TotalAmt2119996
IRS990/OtherExpensesGrp/TotalAmt380884
IRS990/OtherLiabilitiesGrp/BOYAmt097661606
IRS990/OtherLiabilitiesGrp/EOYAmt097073767
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/Desc0FEES & SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2NON MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0260076
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1114797
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0260076
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1114797
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt227639
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt027639
IRS990/OtherRevenueTotalAmt0425447
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0346071
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0692141
IRS990/OtherSalariesAndWagesGrp/TotalAmt01038212
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt063374848
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt069218698
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037418
IRS990/PayrollTaxesGrp/ProgramServicesAmt075970
IRS990/PayrollTaxesGrp/TotalAmt0113388
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01353
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02706
IRS990/PensionPlanContributionsGrp/TotalAmt04059
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KEVIN J MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1BUILDING-RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02561734
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02561734
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125980
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE CREDIT TO MEMBERSHIP WITH VARIOUS LOAN PRODUCTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01226166
IRS990/ProgSrvcAccomActy3Grp/Desc0TO PROVIDE DEBIT AND CREDIT CARD SERVICES TO THE MEMBERSHIP
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0119996
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0290588
IRS990/PYInvestmentIncomeAmt0906885
IRS990/PYOtherExpensesAmt01930042
IRS990/PYOtherRevenueAmt0318017
IRS990/PYProgramServiceRevenueAmt02423836
IRS990/PYRevenuesLessExpensesAmt026650
IRS990/PYSalariesCompEmpBnftPaidAmt01401458
IRS990/PYTotalExpensesAmt03622088
IRS990/PYTotalRevenueAmt03648738
IRS990/ReconcilationRevenueExpnssAmt0-168973
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07342056
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07410852
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01324892
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03695272
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0579128
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02181514
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02760642
IRS990ScheduleD/EquipmentGrp/BookValueAmt088721
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01721830
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01810551
IRS990ScheduleD/LandGrp/BookValueAmt020825
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020825
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt019661
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt029493
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065399598
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131250000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2424169
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BORROWINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0708335
IRS990ScheduleD/TotalLiabilityAmt097073767
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0207056
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN J MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0225740
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/TotalAssetsBOYAmt0105003662
IRS990/TotalAssetsEOYAmt0104484619
IRS990/TotalAssetsGrp/BOYAmt0105003662
IRS990/TotalAssetsGrp/EOYAmt0104484619
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01997918
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01841078
IRS990/TotalFunctionalExpensesGrp/TotalAmt03838996
IRS990/TotalGrossUBIAmt027639
IRS990/TotalLiabilitiesBOYAmt097661606
IRS990/TotalLiabilitiesEOYAmt097073767
IRS990/TotalLiabilitiesGrp/BOYAmt097661606
IRS990/TotalLiabilitiesGrp/EOYAmt097073767
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07342056
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07410852
IRS990/TotalOtherCompensationAmt025552
IRS990/TotalProgramServiceExpensesAmt01841078
IRS990/TotalProgramServiceRevenueAmt02587714
IRS990/TotalReportableCompFromOrgAmt0323201
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03642384
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03670023
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt027639
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0105003662
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0104484619
IRS990/TravelGrp/ManagementAndGeneralAmt03159
IRS990/TravelGrp/TotalAmt03159
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0513 MAIN STREET
IRS990/USAddress/CityNm0ATHOL
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001331
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.ATHOLCREDITUNION.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GINA M MARONI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$104,484,619
Liabilities
$97,073,767
Net assets
$7,410,852
Revenue
$3,670,023
Expenses
$3,838,996
Net income
-$168,973
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
2017Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)14 • $100M-$250M nonprofits