Civic Intelligence

Everett Credit Union

990 • Fiscal year 2015 • EIN 04-1294830

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 12, 2016

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

34th percentile

0.86x

Higher debt load relative to assets than 34% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

21.22x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Net Margin

38th percentile

4.8%

Higher net margin than 38% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

74th percentile

$118,026

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Asset Growth

13th percentile

-1.7%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

3.2%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$45,351,342

Down $788,868 (-1.7%) from 2014

Net Assets

Up

$6,310,216

Up $2,378 (+0.0%) from 2014

Liabilities

Down

$39,041,126

Down $791,246 (-2.0%) from 2014

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin38th percentile

Revenue

Up

$1,839,577

Up $56,695 (+3.2%) from 2014

Expenses

Down

$1,750,780

Down $1,569 (-0.1%) from 2014

Net Income

Up

$88,797

Up $58,264 (+191%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2015

Assets$45,351,342
Liabilities$39,041,126
Net Assets$6,310,216
Open 2015 Filing

Operations Trend

Revenue Growth63rd percentile

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

2015

Revenue$1,839,577
Expenses$1,750,780
Net Income$88,797
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 12, 2016
Return Version
2015v2.1
Gross Receipts
$1,839,577
Mission and Program Overview

Mission

To provide credit union services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$24,896,678$27,943,441▲ $3,046,763
Investments in Publicly Traded Securities$12,386,940$8,959,618▼ $3,427,322
Rtn Earn Endowment Incm Other Fnds$6,307,838$6,310,216▲ $2,378
Investments Other Securities$5,198,518$4,664,183▼ $534,335
Savings and Temporary Cash Investments$1,611,268$1,423,424▼ $187,844
Receivables From Officers Etc$367,886$653,812▲ $285,926
Land, Buildings, and Equipment, Net$548,916$582,392▲ $33,476
Cash and Non-Interest-Bearing Accounts$529,967$552,944▲ $22,977
Prepaid Expenses and Deferred Charges$108,446$68,965▼ $39,481
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$46,140,210$45,351,342▼ $788,868
Other Assets Total$491,591$502,563▲ $10,972
Liabilities
Other Liabilities$38,072,190$38,225,139▲ $152,949
Accounts Payable and Accrued Expenses$493,536$600,735▲ $107,199
Mortgage Notes Payable Secured by Investment Property$1,210,000$150,039▼ $1,059,961
Escrow Account Liability$56,646$65,213▲ $8,567
Total Liabilities$39,832,372$39,041,126▼ $791,246
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,307,838$6,310,216▲ $2,378
Total Liabilities and Net Assets / Fund Balance$46,140,210$45,351,342▼ $788,868

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$294,568$561,794-
Land$192,222--
Equipment$95,602$565,474-
Other Securities$436,552--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Barbara J FrazierChief Executive OfficerFT$118,026$118,026

Board Members and Trustees

NameTitle
Albert N SpadaforaPresident & Chairman
Lorraine S DancaVice Chairman
Alfred Jf LattanziDirector
Anthony RossiDirector
Frederick F ForesteireDirector
Raoul GoncalvesDirector
Thomas J BoyleDirector
Leonard S WollinsClerk
John F HanlonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservData ProcessingPO BOX 99924, Grapevine, TX 76099$134,208
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,561,277
Investment Income
$278,300
Other Revenue
$0
Change in Net Assets
$88,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$803,139
Salaries, Compensation, and Employee Benefits$796,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$534,517
Office Expenses---$310,272
Benefits to Members---$151,544
Current Officers, Directors, Trustees, and Key Employees---$118,026
Occupancy---$105,340
Payroll Taxes---$54,311
Pension Plan Contributions---$47,063
Other Employee Benefits---$42,180
Advertising---$14,153
Other Expenses---$9,049
All Other Expenses---$5,000
Travel---$1,331
Interest---$899
Total Functional Expenses$0$0$0$1,750,780
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$367,886$653,812▲ $285,926
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBER SHARES'$38,225,139
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

Filer Name
Everett Credit Union
EIN
04-1294830
Phone
6173899000
Address
650 BROADWAY, EVERETT, MA 02149

Signing Officer

Name
Barbara J Frazier
Title
Chief Executive Officer
Phone
6173899000
Signed
2016-06-12
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
26
Volunteers
0

Preparer

Firm
Walsh & Co
Address
632A MAIN STREET, WINCHESTER, MA 01890
Preparer
Michael J Walsh CPA
Phone
7817210295
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Escrow accounts for members real estate taxes”

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 456 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/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1333552
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01187750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1333552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239975
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0173166
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0275128
IRS990/PYOtherExpensesAmt0808753
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01507754
IRS990/PYRevenuesLessExpensesAmt030533
IRS990/PYSalariesCompEmpBnftPaidAmt0770430
IRS990/PYTotalExpensesAmt01752349
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01782882
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0367886
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0653812
IRS990/ReconcilationRevenueExpnssAmt088797
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01839577
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06307838
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06310216
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01611268
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01423424
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0294568
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0561794
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0856362
IRS990ScheduleD/EquipmentGrp/BookValueAmt095602
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0565474
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0661076
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0192222
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0192222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038225139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES'
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03324000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1160000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2743631
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3436552
IRS990ScheduleD/OtherSecuritiesGrp/Desc0DEPOSITS IN COMMERCIAL BANKS & SAVINGS BANKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MEMBERSHIP CAPITAL AT CORPORATE CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2OTHER INVESTMENTS IN CORPORATE CREDIT UNIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ESCROW ACCOUNTS FOR MEMBERS REAL ESTATE TAXES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART 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/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION: PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0582392
IRS990ScheduleD/TotalBookValueSecuritiesAmt04664183
IRS990ScheduleD/TotalLiabilityAmt038225139
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01051
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt131544
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2283929
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt332510
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt4275000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt529778
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OVERDRAFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2FIRST MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4FIRST MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5USED AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02586
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1175000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt333112
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt4275000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt529778
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ALBERT N SPADAFORA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1ALBERT N SPADAFORA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2RAOUL F GONCALVES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3ALFRED JF LATTANZI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4ALFRED JF LATTANZI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5FREDERICK F FORESTEIRE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd51
IRS990ScheduleL/TotalBalanceDueAmt0653812
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/TotalAssetsBOYAmt046140210
IRS990/TotalAssetsEOYAmt045351342
IRS990/TotalAssetsGrp/BOYAmt046140210
IRS990/TotalAssetsGrp/EOYAmt045351342
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/TotalAmt01750780
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039832372
IRS990/TotalLiabilitiesEOYAmt039041126
IRS990/TotalLiabilitiesGrp/BOYAmt039832372

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,351,342
Liabilities
$39,041,126
Net assets
$6,310,216
Revenue
$1,839,577
Expenses
$1,750,780
Net income
$88,797
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