Metro Credit Union

“Mark smoller, a board director, is related to robert cashman, ceo. Adam frank, a board directors, is the son-in-law robert m. Cashman, the chief executive officer.”

“The metro credit union is a members only credit union. Membership is open to anyone who lives, works or has a place of business in essex, middlesex, norfolk, suffolk, worcester, plymouth, barnstable, bristol, franklin, hampshire, hampden, hillsborough, rockingham, cheshire, merrimack and strafford counties. Annually the members vote for the board of directors that act on behalf of members as the governing body of the credit union.”

“See disclosure for line 6”

“See disclosure for line 6”

“All financial data reported reconciles to the year end audited financial statements presented to the board of directors. The return is reviewed by the cfo and then reviewed by the board prior to transmitting.”

“On an annual basis, or if a change occurs during the year, senior management and the board of directors are required to sign an acknowledgment form and disclosure statement and return it to the ceo or chairman of the board.”

“The process includes review of recommendations provided by an outside compensation consultant, use of industry specific data containing comparable compensation,review of available survey data published by human resource organizations, review and approval by the personnel committee and the board of directors, and contemporaneous documentation and record keeping.”

“All documents related to the organization of the metro credit union and all 990 filings are available upon request by any person or organization that request the information.”

“For over 90 years, metro credit union has been providing financial services to communities throughout massachusetts and new hampshire. As one of the largest credit unions in the state, metro has $3.440 billion in assets, more than 209,799 members, and is able to serve anyone in essex, middlesex, norfolk, suffolk, worcester, plymouth, barnstable, bristol, franklin, hampshire, and hampden; and the following new hampshire counties: hillsborough, rockingham, cheshire, merrimack, and strafford. As a full-service credit union, metro offers all of the financial products and delivery innovations that you'd expect from a large financial institution. Founded in 1926 and headquartered in chelsea, massachusetts, metro credit union is a cooperative financial institution, owned by and operated for the people who use and benefit from our products and services. We're different from banks because we are a non-profit cooperative that is dedicated to the financial success of our members; and not focused on paying dividends to stockholders or maximizing profits for shareholders. The money we bring in is reinvested in you, our members, through better rates and lower fees. The philosophy of metro credit union is "people helping people." each member is an equal owner, regardless of how much money is deposited with the credit union. We are committed to financial education. Whether its simple tips to help you better manage your finances or seminars and programs designed to help you navigate more complicated financial situations, we want to ensure that you have the right advice, guidance and resources to make smart financial decisions. As a credit union, we provide products and services that are affordable and flexible. We partner with affordable housing organizations across the state to ensure that every prospective homebuyer has access to as many resources as possible to realize their dream of homeownership. We have genuine member focus. All of our guidance and services are delivered through engaged employees. They listen to members first; understand their specific situation; and provide the solutions that best fit the needs of the individual or business.”

“Fas 158 net pension adjustment 1,046,993.”

“There was no change in the oversight process or selection process of metro credit union during the tax year.”