Civic Intelligence

Everett Credit Union

990 • Fiscal year 2013 • EIN 04-1294830

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 12, 2014

Organization ProfileWWW.EVERETTCU.ORG

View Organization Page

650 BroadwayEverett, MA 02149

(617) 389-9000

Siviq Scores

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

Liabilities / Assets

36th percentile

0.86x

Higher debt load relative to assets than 36% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

60th percentile

21.18x

Higher debt load relative to revenue than 60% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Net Margin

32nd percentile

2.2%

Higher net margin than 32% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

78th percentile

$118,291

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Asset Growth

6th percentile

-5.6%

Faster asset growth than 6% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$44,584,222

Down $2,630,561 (-5.6%) from 2012

Net Assets

Down

$6,029,121

Down $391,425 (-6.1%) from 2012

Liabilities

Down

$38,555,101

Down $2,239,136 (-5.5%) from 2012

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin32nd percentile

Revenue

$1,820,341

No earlier filing loaded for comparison.

Expenses

Up

$1,779,875

Up $21,153 (+1.2%) from 2012

Net Income

$40,466

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$60M$40M$20M$0Assets 2010: $48,405,447Liabilities 2010: $42,151,505Net Assets 2010: $6,253,9422010Assets 2011: $46,222,683Liabilities 2011: $39,925,999Net Assets 2011: $6,296,6842011Assets 2012: $47,214,783Liabilities 2012: $40,794,237Net Assets 2012: $6,420,5462012Assets 2013: $44,584,222Liabilities 2013: $38,555,101Net Assets 2013: $6,029,1212013Assets 2014: $46,140,210Liabilities 2014: $39,832,372Net Assets 2014: $6,307,8382014Assets 2015: $45,351,342Liabilities 2015: $39,041,126Net Assets 2015: $6,310,2162015Assets 2016: $45,692,294Liabilities 2016: $39,362,999Net Assets 2016: $6,329,2952016Assets 2017: $48,074,883Liabilities 2017: $41,501,235Net Assets 2017: $6,573,6482017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2013

Assets$44,584,222
Liabilities$38,555,101
Net Assets$6,029,121
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Expenses 2010: $2,224,0052010Expenses 2011: $1,993,6232011Expenses 2012: $1,758,7222012Revenue 2013: $1,820,341Expenses 2013: $1,779,875Net Income 2013: $40,4662013Revenue 2014: $1,782,882Expenses 2014: $1,752,349Net Income 2014: $30,5332014Revenue 2015: $1,839,577Expenses 2015: $1,750,780Net Income 2015: $88,7972015Revenue 2016: $1,819,063Expenses 2016: $1,695,247Net Income 2016: $123,8162016Revenue 2017: $1,865,072Expenses 2017: $1,620,703Net Income 2017: $244,3692017Revenue 2018: $1,447,818Expenses 2018: $1,340,656Net Income 2018: $107,1622018

Highlighted filing

2013

Revenue$1,820,341
Expenses$1,779,875
Net Income$40,466
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 12, 2014
Return Version
2013v3.0
Gross Receipts
$1,820,341
Mission and Program Overview

Mission

To provide credit union services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$21,254,711$25,247,197▲ $3,992,486
Investments in Publicly Traded Securities$12,341,787$12,239,834▼ $101,953
Rtn Earn Endowment Incm Other Fnds$6,420,546$6,029,121▼ $391,425
Investments Other Securities$7,153,099$3,212,073▼ $3,941,026
Savings and Temporary Cash Investments$4,347,638$1,779,226▼ $2,568,412
Land, Buildings, and Equipment, Net$638,506$584,770▼ $53,736
Cash and Non-Interest-Bearing Accounts$414,044$503,172▲ $89,128
Receivables From Officers Etc$497,615$419,573▼ $78,042
Prepaid Expenses and Deferred Charges$142,132$156,120▲ $13,988
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$47,214,783$44,584,222▼ $2,630,561
Other Assets Total$425,251$442,257▲ $17,006
Liabilities
Other Liabilities$40,430,548$38,095,297▼ $2,335,251
Accounts Payable and Accrued Expenses$306,597$400,269▲ $93,672
Escrow Account Liability$57,092$59,535▲ $2,443
Total Liabilities$40,794,237$38,555,101▼ $2,239,136
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,420,546$6,029,121▼ $391,425
Total Liabilities and Net Assets / Fund Balance$47,214,783$44,584,222▼ $2,630,561

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$357,380$488,724-
Land$192,222--
Equipment$35,168$603,522-
Other Securities$204,800--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Barbara J FrazierChief Executive OfficerFT$118,291$118,291

Board Members and Trustees

NameTitle
Albert N SpadaforaPresident & Chairman
Lorraine S DancaVice Chairman
Alfred Jf LattanziDirector
Barry a RussellDirector
Frederick F ForesteireDirector
John F HanlonDirector
Raoul GoncalvesDirector
Leonard S WollinsClerk
Domenic FermanoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Summit Information SystemsData Processing-$117,407
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,547,416
Investment Income
$272,925
Other Revenue
$0
Change in Net Assets
$40,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$841,534
Salaries, Compensation, and Employee Benefits$750,989
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$481,729
Office Expenses---$334,277
Benefits to Members---$187,352
Current Officers, Directors, Trustees, and Key Employees---$118,291
Occupancy---$100,819
Other Employee Benefits---$54,455
Payroll Taxes---$54,293
Pension Plan Contributions---$42,221
Insurance---$29,867
Advertising---$16,887
Other Expenses---$13,329
Travel---$9,070
Interest---$864
Total Functional Expenses$0$0$0$1,779,875
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$497,615$419,573▼ $78,042
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBER SHARES'$38,095,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
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's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

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

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

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

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed with the accounting manager and vp of administration. A copy of the form 990 will be provided to the board of directors through email before it is filed.”

Form 990, Part VI, Section B, Line 12C

“The policy is distributed and reviewed with staff and board of directors annually and is updated as needed.”

Form 990, Part VI, Section B, Line 15

“Ecu participates in the salary survey facilated by the new england credit union league. Senior management receives and utilizes the salary range data provided from the league. The performance evaluations are also used in determining appropriate compensation.”

Form 990, Part VI, Section C, Line 19

“The financial statement is posted in the main lobby. The statement of financial condition report is provided to the membership at the annual meeting.”

Filing and Contact Details

Filer

EIN
04-1294830
Phone
6173899000

Signing Officer

Name
Barbara J Frazier
Title
Chief Executive Officer
Phone
6173899000
Signed
2014-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara J Frazier
Formed
1926
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
27
Volunteers
0

Preparer

Preparer
Michael J Walsh CPA
Phone
7817210295
Supplemental Narrative

Financial Statement Notes

EXPLANATION: PART IV, LINE 2B

“Part iv, line 2b: the escorw accounts hold amounts collected with the members' mortgage payments that are to be used to pay those members' homeowners' property taxes when due.”

Raw XML AppendixShowing 400 of 463 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYProgramServiceRevenueAmt01469693
IRS990/PYRevenuesLessExpensesAmt05760
IRS990/PYSalariesCompEmpBnftPaidAmt0765802
IRS990/PYTotalExpensesAmt01758722
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01764482
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0497615
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0419573
IRS990/ReconcilationRevenueExpnssAmt040466
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01820341
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06420546
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06029121
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04347638
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01779226
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0357380
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0488724
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0846104
IRS990ScheduleD/EquipmentGrp/BookValueAmt035168
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0603522
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0638690
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt0192222
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0192222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038095297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES'
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02182000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1225460
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2349813
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3250000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4204800
IRS990ScheduleD/OtherSecuritiesGrp/Desc0DEPOSITS IN COMMERCIAL BANKS & SAVINGS BANKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MEMBERSHIP CAPITAL AT CORPORATE CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENTS IN NATURAL PERSON CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3OTHER INVESTMENTS IN CORPORATE CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART IV, LINE 2B: THE ESCORW ACCOUNTS HOLD AMOUNTS COLLECTED WITH THE MEMBERS' MORTGAGE PAYMENTS THAT ARE TO BE USED TO PAY THOSE MEMBERS' HOMEOWNERS' PROPERTY TAXES WHEN DUE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION: PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0584770
IRS990ScheduleD/TotalBookValueSecuritiesAmt03212073
IRS990ScheduleD/TotalLiabilityAmt038095297
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt04116
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1963
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2662
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt31409
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt485481
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt5299545
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt627133
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt7264
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd61
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd71
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd70
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd7X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0USED AUTO LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1AUTO LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2SECURED LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3OVERDRAFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5FIRST MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt7VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt020029
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt119520
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt27536
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt32586
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt4175000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt5350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt633112
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt7500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0FREDERICK F FORESTEIRE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1FREDERICK F FORESTEIRE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MARY ALLEN MCPHERSON ALBERT SPADA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3ALBERT N SPADAFORA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4ALBERT N SPADAFORA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5RAOUL F GONCALVES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6ALFRED J LATTANZI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm7ALFRED R LATTANZI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd61
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd71
IRS990ScheduleL/TotalBalanceDueAmt0419573
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED WITH THE ACCOUNTING MANAGER AND VP OF ADMINISTRATION. A COPY OF THE FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS THROUGH EMAIL BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE POLICY IS DISTRIBUTED AND REVIEWED WITH STAFF AND BOARD OF DIRECTORS ANNUALLY AND IS UPDATED AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ECU PARTICIPATES IN THE SALARY SURVEY FACILATED BY THE NEW ENGLAND CREDIT UNION LEAGUE. SENIOR MANAGEMENT RECEIVES AND UTILIZES THE SALARY RANGE DATA PROVIDED FROM THE LEAGUE. THE PERFORMANCE EVALUATIONS ARE ALSO USED IN DETERMINING APPROPRIATE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FINANCIAL STATEMENT IS POSTED IN THE MAIN LOBBY. THE STATEMENT OF FINANCIAL CONDITION REPORT IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt047214783
IRS990/TotalAssetsEOYAmt044584222
IRS990/TotalAssetsGrp/BOYAmt047214783
IRS990/TotalAssetsGrp/EOYAmt044584222

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$44,584,222
Liabilities
$38,555,101
Net assets
$6,029,121
Revenue
$1,820,341
Expenses
$1,779,875
Net income
$40,466
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.45$1.34$0.11
2017Detailed filing. Detailed filing data is available for this year.$48.1$41.5$6.57$1.87$1.62$0.24
2016Detailed filing. Detailed filing data is available for this year.$45.7$39.4$6.33$1.82$1.70$0.12
2015Detailed filing. Detailed filing data is available for this year.$45.4$39.0$6.31$1.84$1.75$0.09
2014Detailed filing. Detailed filing data is available for this year.$46.1$39.8$6.31$1.78$1.75$0.03
2013Detailed filing. Detailed filing data is available for this year.$44.6$38.6$6.03$1.82$1.78$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.2$40.8$6.42$1.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$39.9$6.30$1.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.4$42.2$6.25$2.22