Civic Intelligence

Allcom Credit Union

990 • Fiscal year 2020 • EIN 04-1163260

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 23, 2021

Organization ProfileWWW.ALLCOMCU.ORG

View Organization Page

36 Park AvenueWorcester, MA 01609

(508) 754-9980

Siviq Scores

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

Liabilities / Assets

20th percentile

0.85x

Higher debt load relative to assets than 20% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

24.55x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Net Margin

26th percentile

3.9%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

87th percentile

$217,889

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Asset Growth

35th percentile

13%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-4.7%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$75,546,777

Up $8,571,672 (+13%) from 2019

Net Assets

Up

$11,586,028

Up $152,134 (+1.3%) from 2019

Liabilities

Up

$63,960,749

Up $8,419,538 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin26th percentile

Revenue

Down

$2,605,109

Down $127,168 (-4.7%) from 2019

Expenses

Up

$2,504,435

Up $26,244 (+1.1%) from 2019

Net Income

Down

$100,674

Down $153,412 (-60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$100M$50M$0Assets 2010: $56,086,757Liabilities 2010: $48,327,884Net Assets 2010: $7,758,8732010Assets 2011: $56,685,958Liabilities 2011: $48,683,911Net Assets 2011: $8,002,0472011Assets 2012: $57,677,566Liabilities 2012: $49,369,185Net Assets 2012: $8,308,3812012Assets 2013: $67,363,876Liabilities 2013: $57,598,937Net Assets 2013: $9,764,9392013Assets 2014: $66,173,984Liabilities 2014: $56,209,942Net Assets 2014: $9,964,0422014Assets 2015: $68,255,324Liabilities 2015: $57,985,033Net Assets 2015: $10,270,2912015Assets 2016: $67,165,927Liabilities 2016: $56,670,264Net Assets 2016: $10,495,6632016Assets 2017: $68,126,511Liabilities 2017: $57,392,401Net Assets 2017: $10,734,1102017Assets 2018: $66,251,837Liabilities 2018: $55,140,672Net Assets 2018: $11,111,1652018Assets 2019: $66,975,105Liabilities 2019: $55,541,211Net Assets 2019: $11,433,8942019Assets 2020: $75,546,777Liabilities 2020: $63,960,749Net Assets 2020: $11,586,0282020Assets 2021: $80,578,432Liabilities 2021: $69,120,293Net Assets 2021: $11,458,1392021Assets 2022: $79,689,682Liabilities 2022: $69,214,340Net Assets 2022: $10,475,3422022Assets 2023: $78,702,922Liabilities 2023: $67,246,401Net Assets 2023: $11,456,5212023Assets 2024: $78,978,570Liabilities 2024: $66,868,943Net Assets 2024: $12,109,6272024

Highlighted filing

2020

Assets$75,546,777
Liabilities$63,960,749
Net Assets$11,586,028
Open 2020 Filing

Operations Trend

Revenue Growth45th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $2,466,8052010Expenses 2011: $2,368,7442011Revenue 2012: $2,420,845Expenses 2012: $2,163,132Net Income 2012: $257,7132012Revenue 2013: $2,307,887Expenses 2013: $2,228,839Net Income 2013: $79,0482013Revenue 2014: $2,310,804Expenses 2014: $2,130,629Net Income 2014: $180,1752014Revenue 2015: $2,447,056Expenses 2015: $2,079,615Net Income 2015: $367,4412015Revenue 2016: $2,369,960Expenses 2016: $2,117,445Net Income 2016: $252,5152016Revenue 2017: $2,459,337Expenses 2017: $2,188,362Net Income 2017: $270,9752017Revenue 2018: $2,586,783Expenses 2018: $2,183,694Net Income 2018: $403,0892018Revenue 2019: $2,732,277Expenses 2019: $2,478,191Net Income 2019: $254,0862019Revenue 2020: $2,605,109Expenses 2020: $2,504,435Net Income 2020: $100,6742020Revenue 2021: $2,507,400Expenses 2021: $2,399,685Net Income 2021: $107,7152021Revenue 2022: $2,581,253Expenses 2022: $2,267,125Net Income 2022: $314,1282022Revenue 2023: $3,270,336Expenses 2023: $2,685,476Net Income 2023: $584,8602023Revenue 2024: $3,691,561Expenses 2024: $3,195,774Net Income 2024: $495,7872024

Highlighted filing

2020

Revenue$2,605,109
Expenses$2,504,435
Net Income$100,674
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 23, 2021
Return Version
2020v4.1
Gross Receipts
$2,605,109
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$39,110,966$43,362,000▲ $4,251,034
Savings and Temporary Cash Investments$19,917,978$20,024,328▲ $106,350
Rtn Earn Endowment Incm Other Fnds$11,433,894$11,586,028▲ $152,134
Investments in Publicly Traded Securities$4,102,005$7,500,805▲ $3,398,800
Land, Buildings, and Equipment, Net$1,092,081$1,093,353▲ $1,272
Cash and Non-Interest-Bearing Accounts$216,556$242,668▲ $26,112
Investments Other Securities$93,700$93,700→ $0
Prepaid Expenses and Deferred Charges$50,273$34,632▼ $15,641
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$66,975,105$75,546,777▲ $8,571,672
Other Assets Total$2,391,546$3,195,291▲ $803,745
Liabilities
Other Liabilities$55,397,931$63,819,793▲ $8,421,862
Accounts Payable and Accrued Expenses$143,280$140,956▼ $2,324
Total Liabilities$55,541,211$63,960,749▲ $8,419,538
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,433,894$11,586,028▲ $152,134
Total Liabilities and Net Assets / Fund Balance$66,975,105$75,546,777▲ $8,571,672

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$582,208$1,380,508$1,962,716
Equipment$82,288$729,774$812,062
Land$421,598-$421,598
Leasehold Improvements$7,259$41,353$48,612
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debra C MarkPres., CEO & DirectorFT$175,334$42,555$217,889
John J NaughtonChairman of the Board-$2,000-$2,000
Stephen RossettiTreasurer & Director-$1,500-$1,500

Board Members and Trustees

NameTitle
James a CiulloClerk & Director
Dennis F GrimaldiDirector
Garry M PowerDirector
James J CrosbieDirector
Margaret M RocheDirector
Paul B VasingtonDirector
Scott MorrisonDirector
Sean M HunterDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,691,091
Investment Income
$482,056
Other Revenue
$431,962
Change in Net Assets
$100,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,268,421
Other Expenses$957,740
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$458,689$229,341-$688,030
Benefits to Members$278,274--$278,274
Other Employee Benefits$150,153$60,887-$211,040
Current Officers, Directors, Trustees, and Key Employees-$205,399-$205,399
Occupancy-$172,640-$172,640
Pension Plan Contributions$61,664$30,832-$92,496
Office Expenses-$79,984-$79,984
Payroll Taxes$40,072$31,384-$71,456
All Other Expenses$27,000$23,959-$50,959
Depreciation Depletion-$44,569-$44,569
Other Expenses$29,844$128,848-$29,844
Fees for Services Accounting-$24,000-$24,000
Advertising-$21,337-$21,337
Insurance-$17,796-$17,796
Conferences and Meetings-$11,599-$11,599
Total Functional Expenses$1,421,860$1,082,575$0$2,504,435
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$63,553,388
Miscellaneous$158,437
Atm Clearing$107,968
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 engages the service of an independent accounting firm to prepare the form 990, the same firm that performs the organization's annual audit. Management provides requested information to the accounting firm. A draft copy is sent to the president and ceo for review. Once approved the 990 is filed. A copy of the form 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, Part VI, Section B, Line 12C

“The organization has adopted a conflict of interest policy. The policy requires that directors and officers review and sign a conflict questionnaire annually in order to properly monitor compliance with the policy.”

Form 990, Part VI, Section B, Line 15

“The credit union annually appoints a compensation committee to review compensation of all employees including the officers and key employees. The compensation committee contracts with independent employment consultant periodically to conduct industry salary surveys with relevant peer group information.”

Form 990, Part VI, Section C, Line 19

“The credit union posts unaudited financial statements in the lobby of the credit union branch, governing documents and conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Allcom Credit Union
EIN
04-1163260
Phone
5087549980
Address
36 PARK AVENUE, WORCESTER, MA 01609

Signing Officer

Name
Debra C Mark
Title
President, CEO & Director
Phone
5087549980
Signed
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debra C Mark
Formed
1922
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
10
Employees
22
Volunteers
0

Preparer

Firm
Spinelli CPA Pc
Address
146 WEST BOYLSTON DRIVE SUITE 302, WORCESTER, MA 01606
Preparer
Karen Spinelli
Phone
5083656522
Raw XML AppendixShowing 400 of 447 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/OtherEmployeeBenefitsGrp/ProgramServicesAmt0150153
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0211040
IRS990/OtherExpensesGrp/Desc0DEBIT CARD /CREDIT CARD
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL FEES, CONS
IRS990/OtherExpensesGrp/Desc2VARIOUS OPERATION EXPEN
IRS990/OtherExpensesGrp/Desc3ELECTRONIC SERVICES-BIL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0128848
IRS990/OtherExpensesGrp/ProgramServicesAmt0193902
IRS990/OtherExpensesGrp/ProgramServicesAmt1182262
IRS990/OtherExpensesGrp/ProgramServicesAmt229844
IRS990/OtherExpensesGrp/TotalAmt0193902
IRS990/OtherExpensesGrp/TotalAmt1182262
IRS990/OtherExpensesGrp/TotalAmt2128848
IRS990/OtherExpensesGrp/TotalAmt329844
IRS990/OtherLiabilitiesGrp/BOYAmt055397931
IRS990/OtherLiabilitiesGrp/EOYAmt063819793
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0DEBIT CARD INCOME
IRS990/OtherRevenueMiscGrp/Desc1MEMBER CHECKS & FEES
IRS990/OtherRevenueMiscGrp/Desc2CREDIT CARD INTERCHANG
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0198533
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1124461
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt259833
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0198533
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1124461
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt259833
IRS990/OtherRevenueTotalAmt0431962
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0229341
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0458689
IRS990/OtherSalariesAndWagesGrp/TotalAmt0688030
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt039110966
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt043362000
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031384
IRS990/PayrollTaxesGrp/ProgramServicesAmt040072
IRS990/PayrollTaxesGrp/TotalAmt071456
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt030832
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt061664
IRS990/PensionPlanContributionsGrp/TotalAmt092496
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt050273
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034632
IRS990/PrincipalOfficerNm0DEBRA C MARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01691091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01691091
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTING OF CREDIT (CONSUMER AND MORTGAGE LOAN PRODUCTS) TO MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0919840
IRS990/ProgSrvcAccomActy3Grp/Desc0OFFERING OF DEBIT AND CREDIT CARD SERVICES FOR MEMBER PURCHASES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0223746
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0326223
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0613503
IRS990/PYOtherExpensesAmt0941342
IRS990/PYOtherRevenueAmt0487186
IRS990/PYProgramServiceRevenueAmt01631588
IRS990/PYRevenuesLessExpensesAmt0254086
IRS990/PYSalariesCompEmpBnftPaidAmt01210626
IRS990/PYTotalExpensesAmt02478191
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02732277
IRS990/ReconcilationRevenueExpnssAmt0100674
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011433894
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011586028
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019917978
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020024328
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0582208
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01380508
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01962716
IRS990ScheduleD/EquipmentGrp/BookValueAmt082288
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0729774
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0812062
IRS990ScheduleD/LandGrp/BookValueAmt0421598
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0421598
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07259
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt041353
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt048612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0107968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1158437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt263553388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ATM CLEARING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISCELLANEOUS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MEMBER SHARES & DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01093353
IRS990ScheduleD/TotalLiabilityAmt063819793
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt026565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01801
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEBRA C MARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRES., CEO & DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0217889
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
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 ENGAGES THE SERVICE OF AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FORM 990, THE SAME FIRM THAT PERFORMS THE ORGANIZATION'S ANNUAL AUDIT. MANAGEMENT PROVIDES REQUESTED INFORMATION TO THE ACCOUNTING FIRM. A DRAFT COPY IS SENT TO THE PRESIDENT AND CEO FOR REVIEW. ONCE APPROVED THE 990 IS FILED. A COPY OF THE FORM 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/ExplanationTxt4THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY. THE POLICY REQUIRES THAT DIRECTORS AND OFFICERS REVIEW AND SIGN A CONFLICT QUESTIONNAIRE ANNUALLY IN ORDER TO PROPERLY MONITOR COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION ANNUALLY APPOINTS A COMPENSATION COMMITTEE TO REVIEW COMPENSATION OF ALL EMPLOYEES INCLUDING THE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE CONTRACTS WITH INDEPENDENT EMPLOYMENT CONSULTANT PERIODICALLY TO CONDUCT INDUSTRY SALARY SURVEYS WITH RELEVANT PEER GROUP INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION POSTS UNAUDITED FINANCIAL STATEMENTS IN THE LOBBY OF THE CREDIT UNION BRANCH, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt066975105
IRS990/TotalAssetsEOYAmt075546777
IRS990/TotalAssetsGrp/BOYAmt066975105
IRS990/TotalAssetsGrp/EOYAmt075546777
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01082575
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01421860
IRS990/TotalFunctionalExpensesGrp/TotalAmt02504435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055541211
IRS990/TotalLiabilitiesEOYAmt063960749
IRS990/TotalLiabilitiesGrp/BOYAmt055541211
IRS990/TotalLiabilitiesGrp/EOYAmt063960749
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011433894
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011586028
IRS990/TotalOtherCompensationAmt040754
IRS990/TotalProgramServiceExpensesAmt01421860
IRS990/TotalProgramServiceRevenueAmt01691091
IRS990/TotalReportableCompFromOrgAmt0180635
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02605109
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02605109
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$75,546,777
Liabilities
$63,960,749
Net assets
$11,586,028
Revenue
$2,605,109
Expenses
$2,504,435
Net income
$100,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.0$66.9$12.1$3.69$3.20$0.50
2023Detailed filing. Detailed filing data is available for this year.$78.7$67.2$11.5$3.27$2.69$0.58
2022Detailed filing. Detailed filing data is available for this year.$79.7$69.2$10.5$2.58$2.27$0.31
2021Detailed filing. Detailed filing data is available for this year.$80.6$69.1$11.5$2.51$2.40$0.11
2020Detailed filing. Detailed filing data is available for this year.$75.5$64.0$11.6$2.61$2.50$0.10
2019Detailed filing. Detailed filing data is available for this year.$67.0$55.5$11.4$2.73$2.48$0.25
2018Detailed filing. Detailed filing data is available for this year.$66.3$55.1$11.1$2.59$2.18$0.40
2017Detailed filing. Detailed filing data is available for this year.$68.1$57.4$10.7$2.46$2.19$0.27
2016Detailed filing. Detailed filing data is available for this year.$67.2$56.7$10.5$2.37$2.12$0.25
2015Detailed filing. Detailed filing data is available for this year.$68.3$58.0$10.3$2.45$2.08$0.37
2014Detailed filing. Detailed filing data is available for this year.$66.2$56.2$9.96$2.31$2.13$0.18
2013Detailed filing. Detailed filing data is available for this year.$67.4$57.6$9.76$2.31$2.23$0.08
2012Summary only. Only limited summary data is available for this year.$57.7$49.4$8.31$2.42$2.16$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.7$48.7$8.00$2.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.1$48.3$7.76$2.47