Civic Intelligence

Athol Credit Union

990 • Fiscal year 2018 • EIN 04-1046540

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 25, 2019

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

98th percentile

0.93x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

22.84x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

8th percentile

-2.5%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$227,242

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

1st percentile

-8.6%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

5.5%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$95,457,018

Down $9,027,601 (-8.6%) from 2017

Net Assets

Down

$7,026,897

Down $383,955 (-5.2%) from 2017

Liabilities

Down

$88,430,121

Down $8,643,646 (-8.9%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin8th percentile

Revenue

Up

$3,872,269

Up $202,246 (+5.5%) from 2017

Expenses

Up

$3,970,030

Up $131,034 (+3.4%) from 2017

Net Income

Up

-$97,761

Up $71,212 (+42%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2018

Assets$95,457,018
Liabilities$88,430,121
Net Assets$7,026,897
Open 2018 Filing

Operations Trend

Revenue Growth26th 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

2018

Revenue$3,872,269
Expenses$3,970,030
Net Income-$97,761
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 25, 2019
Return Version
2018v3.1
Gross Receipts
$3,901,693
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$69,218,698$67,232,475▼ $1,986,223
Investments in Publicly Traded Securities$25,737,109$21,383,290▼ $4,353,819
Rtn Earn Endowment Incm Other Fnds$7,410,852$7,026,897▼ $383,955
Prepaid Expenses and Deferred Charges$0$1,588,414▲ $1,588,414
Savings and Temporary Cash Investments$3,695,272$1,407,188▼ $2,288,084
Investments Other Securities$1,633,000$1,384,900▼ $248,100
Cash and Non-Interest-Bearing Accounts$669,313$896,849▲ $227,536
Land, Buildings, and Equipment, Net$708,335$589,472▼ $118,863
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$104,484,619$95,457,018▼ $9,027,601
Other Assets Total$2,822,892$974,430▼ $1,848,462
Liabilities
Other Liabilities$97,073,767$88,430,121▼ $8,643,646
Total Liabilities$97,073,767$88,430,121▼ $8,643,646
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,410,852$7,026,897▼ $383,955
Total Liabilities and Net Assets / Fund Balance$104,484,619$95,457,018▼ $9,027,601

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$515,267$2,446,904$2,962,171
Equipment$36,996$1,621,698$1,658,694
Leasehold Improvements$16,384$32,770$49,154
Land$20,825-$20,825
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin J MillerPresident/CEOFT$209,331$17,911$209,331

Board Members and Trustees

NameTitle
Janis MontalbanoChairman of Board
Herbert H WheelerVice Chairperson
Charles a ShatosDirector
Christopher CasellaDirector
Glenn EatonDirector
Lisa CareyDirector
Raenette KramerDirector
Richard D VerockDirector
Stephen a Rabideau SrDirector
William ChiassonDirector
Lindsay JamiesonAssistant Treasurer
Martin S AnderholmClerk
Tim DelamereIt Officer
Courtney FifieldVP Lending & Business Development
Shawn GonynorVP Marketing & Public Relations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,705,988
Investment Income
$721,695
Other Revenue
$444,586
Change in Net Assets
$-97,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,475,365
Salaries, Compensation, and Employee Benefits$1,494,665
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$681,967$340,984-$1,022,951
Interest$1,005,961--$1,005,961
Current Officers, Directors, Trustees, and Key Employees-$227,242-$227,242
Depreciation Depletion-$168,533-$168,533
Fees for Services Legal-$167,001-$167,001
Other Expenses$199,276$151,228-$151,228
Office Expenses-$145,529-$145,529
Other Employee Benefits-$122,278-$122,278
Payroll Taxes$81,335$30,667-$112,002
Advertising-$57,234-$57,234
Insurance-$52,406-$52,406
Fees for Services Accounting-$34,119-$34,119
Pension Plan Contributions$6,795$3,397-$10,192
All Other Expenses-$8,469-$8,469
Travel-$741-$741
Conferences and Meetings-$100-$100
Total Functional Expenses$2,460,102$1,509,928$0$3,970,030
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$64,110,756
Borrowings$24,167,269
Other Liabilities$152,096
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
No
Other officer compensation reviewed
No
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 11B

“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 filing the the form 990.”

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

Filer Name
Athol Credit Union
EIN
04-1046540
Phone
9782493527
Address
513 MAIN STREET, ATHOL, MA 01331

Signing Officer

Name
Kevin J Miller
Title
President/CEO
Phone
9783420647
Signed
2019-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin J Miller
Formed
1930
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
11
Employees
41
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Brian Kerrigan
Phone
8605223111
Raw XML AppendixShowing 400 of 477 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/ManagementAndGeneralAmt057234
IRS990/AdvertisingGrp/TotalAmt057234
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt08469
IRS990/AllOtherExpensesGrp/TotalAmt08469
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0LINDSEY JAMIESON
IRS990/BooksInCareOfDetail/PhoneNum09782493527
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0513 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ATHOL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001331
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0669313
IRS990/CashNonInterestBearingGrp/EOYAmt0896849
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0227242
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0227242
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0100
IRS990/ConferencesMeetingsGrp/TotalAmt0100
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0721695
IRS990/CYOtherExpensesAmt02475365
IRS990/CYOtherRevenueAmt0444586
IRS990/CYProgramServiceRevenueAmt02705988
IRS990/CYRevenuesLessExpensesAmt0-97761
IRS990/CYSalariesCompEmpBnftPaidAmt01494665
IRS990/CYTotalExpensesAmt03970030
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03872269
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0168533
IRS990/DepreciationDepletionGrp/TotalAmt0168533
IRS990/Desc0DIVIDEND AND INTEREST PAID ON MEMBERS' DEPOSITS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt041
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/ExpenseAmt01205237
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt034119
IRS990/FeesForServicesAccountingGrp/TotalAmt034119
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0167001
IRS990/FeesForServicesLegalGrp/TotalAmt0167001
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
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/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
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/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt017911
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/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0KEVIN J MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm1LISA CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm2GLENN EATON
IRS990/Form990PartVIISectionAGrp/PersonNm3JANIS MONTALBANO
IRS990/Form990PartVIISectionAGrp/PersonNm4MARTIN S ANDERHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHEN A RABIDEAU SR
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLES A SHATOS
IRS990/Form990PartVIISectionAGrp/PersonNm7RAENETTE KRAMER
IRS990/Form990PartVIISectionAGrp/PersonNm8RICHARD D VEROCK
IRS990/Form990PartVIISectionAGrp/PersonNm9HERBERT H WHEELER
IRS990/Form990PartVIISectionAGrp/PersonNm10WILLIAM CHIASSON
IRS990/Form990PartVIISectionAGrp/PersonNm11CHRISTOPHER CASELLA
IRS990/Form990PartVIISectionAGrp/PersonNm12SHAWN GONYNOR
IRS990/Form990PartVIISectionAGrp/PersonNm13COURTNEY FIFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm14TIM DELAMERE
IRS990/Form990PartVIISectionAGrp/PersonNm15LINDSAY JAMIESON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0209331
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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN OF BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP MARKETING & PUBLIC RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP LENDING & BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14IT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASSISTANT TREASURER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01930
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0117592
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0147016
IRS990/GrossReceiptsAmt03901693
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt052406
IRS990/InsuranceGrp/TotalAmt052406
IRS990/InterestGrp/ProgramServicesAmt01005961
IRS990/InterestGrp/TotalAmt01005961
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0604103
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0604103
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01633000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01384900
IRS990/InvestmentsPubTradedSecGrp/BOYAmt025737109
IRS990/InvestmentsPubTradedSecGrp/EOYAmt021383290
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04101372
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0708335
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0589472
IRS990/LandBldgEquipCostOrOtherBssAmt04690844
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt029424
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. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESSIBLE CREDIT TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07410852
IRS990/NetAssetsOrFundBalancesEOYAmt07026897
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0117592
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0117592
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-286194
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0145529
IRS990/OfficeExpensesGrp/TotalAmt0145529
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02822892
IRS990/OtherAssetsTotalGrp/EOYAmt0974430
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0122278
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0122278
IRS990/OtherExpensesGrp/Desc0BUILDING EXPENSES
IRS990/OtherExpensesGrp/Desc1ONLINE BANKING
IRS990/OtherExpensesGrp/Desc2DATA PROCESSING & INTER
IRS990/OtherExpensesGrp/Desc3OTHER OPERATIONAL EXPEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0151228
IRS990/OtherExpensesGrp/ProgramServicesAmt0273573
IRS990/OtherExpensesGrp/ProgramServicesAmt1211195
IRS990/OtherExpensesGrp/ProgramServicesAmt2199276
IRS990/OtherExpensesGrp/TotalAmt0273573
IRS990/OtherExpensesGrp/TotalAmt1211195
IRS990/OtherExpensesGrp/TotalAmt2199276
IRS990/OtherExpensesGrp/TotalAmt3151228
IRS990/OtherLiabilitiesGrp/BOYAmt097073767
IRS990/OtherLiabilitiesGrp/EOYAmt088430121
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0FEES & SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0414418
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0414418
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt130168
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt030168
IRS990/OtherRevenueTotalAmt0444586
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0340984
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0681967
IRS990/OtherSalariesAndWagesGrp/TotalAmt01022951
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt069218698
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt067232475
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030667
IRS990/PayrollTaxesGrp/ProgramServicesAmt081335
IRS990/PayrollTaxesGrp/TotalAmt0112002
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03397
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06795
IRS990/PensionPlanContributionsGrp/TotalAmt010192
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01588414
IRS990/PrincipalOfficerNm0KEVIN J MILLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1BUILDING-RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02660114
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145874
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02660114
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145874
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE CREDIT TO MEMBERSHIP WITH VARIOUS LOAN PRODUCTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01043670
IRS990/ProgSrvcAccomActy3Grp/Desc0TO PROVIDE DEBIT AND CREDIT CARD SERVICES TO THE MEMBERSHIP.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0211195
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0368802
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0656862
IRS990/PYOtherExpensesAmt01843771
IRS990/PYOtherRevenueAmt0425447
IRS990/PYProgramServiceRevenueAmt02587714
IRS990/PYRevenuesLessExpensesAmt0-168973
IRS990/PYSalariesCompEmpBnftPaidAmt01626423
IRS990/PYTotalExpensesAmt03838996
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03670023
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-97761
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07410852
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07026897
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03695272
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01407188
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0515267
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02446904
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02962171
IRS990ScheduleD/EquipmentGrp/BookValueAmt036996
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01621698
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01658694
IRS990ScheduleD/LandGrp/BookValueAmt020825
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020825
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016384
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032770
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt049154
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt064110756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt124167269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2152096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARE AND DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BORROWINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0589472
IRS990ScheduleD/TotalLiabilityAmt088430121
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0209331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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/TotalCompensationFilingOrgAmt0209331
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 FILING THE THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION POSTS UNAUDITED FINANCIAL STATEMENTS IN THE LOBBY OF THE CREDIT UNION.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,457,018
Liabilities
$88,430,121
Net assets
$7,026,897
Revenue
$3,872,269
Expenses
$3,970,030
Net income
-$97,761
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
2018Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)14 • $50M-$100M nonprofits