Civic Intelligence

Metro Credit Union

990 • Fiscal year 2012 • EIN 04-1695745

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 07, 2013

200 Revere Beach ParkwaySuite02150
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$1,126,560,711

Flat from 2012

Net Assets

Flat

$118,230,841

Flat from 2012

Liabilities

Flat

$1,008,329,870

Flat from 2012

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$47,121,551

Flat from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $784,948,389Liabilities 2010: $693,294,052Net Assets 2010: $91,654,3372010Assets 2011: $957,971,443Liabilities 2011: $854,147,041Net Assets 2011: $103,824,4022011Assets 2012: $1,126,560,711Liabilities 2012: $1,008,329,870Net Assets 2012: $118,230,8412012Assets 2012: $1,126,560,711Liabilities 2012: $1,008,329,870Net Assets 2012: $118,230,8412012Assets 2013: $1,279,777,202Liabilities 2013: $1,155,422,753Net Assets 2013: $124,354,4492013Assets 2014: $1,364,539,522Liabilities 2014: $1,235,242,727Net Assets 2014: $129,296,7952014Assets 2015: $1,492,356,111Liabilities 2015: $1,357,261,159Net Assets 2015: $135,094,9522015Assets 2016: $1,633,755,224Liabilities 2016: $1,490,390,948Net Assets 2016: $143,364,2762016Assets 2017: $1,682,401,982Liabilities 2017: $1,524,456,756Net Assets 2017: $157,945,2262017Assets 2018: $1,877,534,257Liabilities 2018: $1,705,631,766Net Assets 2018: $171,902,4912018Assets 2019: $2,092,358,761Liabilities 2019: $1,904,142,090Net Assets 2019: $188,216,6712019Assets 2020: $2,385,374,276Liabilities 2020: $2,180,567,969Net Assets 2020: $204,806,3072020Assets 2021: $2,510,941,078Liabilities 2021: $2,291,755,740Net Assets 2021: $219,185,3382021Assets 2022: $3,156,507,565Liabilities 2022: $2,917,840,908Net Assets 2022: $238,666,6572022Assets 2023: $3,414,191,630Liabilities 2023: $3,157,759,150Net Assets 2023: $256,432,4802023Assets 2024: $3,440,032,348Liabilities 2024: $3,164,194,252Net Assets 2024: $275,838,0962024

Highlighted filing

2012

Assets$1,126,560,711
Liabilities$1,008,329,870
Net Assets$118,230,841

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $40,392,9832010Expenses 2011: $40,721,8272011Expenses 2012: $47,121,5512012Revenue 2012: $57,522,772Expenses 2012: $47,121,551Net Income 2012: $10,401,2212012Revenue 2013: $58,316,336Expenses 2013: $53,135,453Net Income 2013: $5,180,8832013Revenue 2014: $56,815,520Expenses 2014: $52,378,292Net Income 2014: $4,437,2282014Revenue 2015: $58,839,454Expenses 2015: $53,946,122Net Income 2015: $4,893,3322015Revenue 2016: $64,430,195Expenses 2016: $56,107,971Net Income 2016: $8,322,2242016Revenue 2017: $71,469,349Expenses 2017: $56,395,350Net Income 2017: $15,073,9992017Revenue 2018: $79,251,770Expenses 2018: $64,685,998Net Income 2018: $14,565,7722018Revenue 2019: $89,211,246Expenses 2019: $75,756,292Net Income 2019: $13,454,9542019Revenue 2020: $101,297,996Expenses 2020: $85,388,608Net Income 2020: $15,909,3882020Revenue 2021: $92,937,477Expenses 2021: $78,093,785Net Income 2021: $14,843,6922021Revenue 2022: $114,336,853Expenses 2022: $83,937,696Net Income 2022: $30,399,1572022Revenue 2023: $149,461,871Expenses 2023: $134,522,388Net Income 2023: $14,939,4832023Revenue 2024: $173,359,884Expenses 2024: $166,107,473Net Income 2024: $7,252,4112024

Highlighted filing

2012

Revenue-
Expenses$47,121,551
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 7, 2013
Return Version
2012v2.1
Gross Receipts
$275,323,536
Mission and Program Overview

Mission

For over 88 years, metro credit union has been providing financial services to communities throughout massachusetts. As one of the largest credit unions in the state, metro has $1 billion in assets, more than 180,000 members, and is able to serve anyone in essex, middlesex, suffolk, norfolk, plymouth, barnstable or worcester counties. 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

Filing and Contact Details

Filer

EIN
04-1695745
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IRS990/LoansFromOfficersDirectors/BOY00
IRS990/LoansFromOfficersDirectors/EOY00
IRS990/LoanToOfficerOrDQP0false
IRS990/LocalChapters0true
IRS990/MaterialDiversionOrMisuse0false
IRS990/MembersOrStockholders0true
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MiscellaneousRevenue/RelatedOrExemptFunctionIncome0528859
IRS990/MiscellaneousRevenue/TotalRevenueColumn0528859
IRS990/MissionDescription0FOR OVER 86 YEARS, METRO CREDIT UNION HAS BEEN PROVIDING FINANCIAL SERVICES TO COMMUNITIES THROUGHOUT MASSACHUSETTS. AS ONE OF THE LARGEST CREDIT UNIONS IN THE STATE, METRO HAS OVER $1,127 MILLION IN ASSETS, MORE THAN 140,000 MEMBERS, AND IS ABLE TO SERVE ANYONE IN ESSEX, MIDDLESEX, SUFFOLK, NORFOLK, PLYMOUTH, BARNSTABLE OR WORCESTER COUNTIES. 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 R
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/MortNotesPyblSecuredInvestProp/BOY063846044
IRS990/MortNotesPyblSecuredInvestProp/EOY082210369
IRS990/NameOfPrincipalOfficerPerson0Robert M Cashman
IRS990/NbrIndependentVotingMembers011
IRS990/NbrVotingGoverningBodyMembers013
IRS990/NbrVotingMembersGoverningBody013
IRS990/NetAssetsOrFundBalancesBOY0103824402
IRS990/NetAssetsOrFundBalancesEOY0118230841
IRS990/NetGainOrLossInvestments/ExclusionAmount08002503
IRS990/NetGainOrLossInvestments/TotalRevenueColumn08002503
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn00
IRS990/NetIncomeFromGaming/TotalRevenueColumn00
IRS990/NetIncomeOrLoss/TotalRevenueColumn00
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn00
IRS990/NetUnrelatedBusinessTxblIncome0-66653
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith1096037592
IRS990/NumberIndependentVotingMembers011
IRS990/NumberIndividualsGT100K015
IRS990/NumberOfContractorsGT100K048
IRS990/NumberOfEmployees0344
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total02851121
IRS990/OfficeExpenses/Total02860524
IRS990/OfficerEntityWithBsnssRltnshp0true
IRS990/OfficerMailingAddress0false
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY018299752
IRS990/OtherAssetsTotal/EOY021511495
IRS990/OtherEmployeeBenefits/Total02209142
IRS990/OtherExpensePriorYear025472697
IRS990/OtherExpensesCurrentYear029245143
IRS990/OtherExpenses/Description0PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Description1DEPOSIT/LOAN/OTHER EXPENSES
IRS990/OtherExpenses/Description2NCUA ASSESSMENT
IRS990/OtherExpenses/Description3ATM DEBIT CARD EXPENSES
IRS990/OtherExpenses/Total02983032
IRS990/OtherExpenses/Total13443462
IRS990/OtherExpenses/Total2760002
IRS990/OtherExpenses/Total32521874

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3,440$3,164$276$173$166$7.25
2023Detailed filing. Detailed filing data is available for this year.$3,414$3,158$256$149$135$14.9
2022Detailed filing. Detailed filing data is available for this year.$3,157$2,918$239$114$83.9$30.4
2021Detailed filing. Detailed filing data is available for this year.$2,511$2,292$219$92.9$78.1$14.8
2020Detailed filing. Detailed filing data is available for this year.$2,385$2,181$205$101$85.4$15.9
2019Detailed filing. Detailed filing data is available for this year.$2,092$1,904$188$89.2$75.8$13.5
2018Detailed filing. Detailed filing data is available for this year.$1,878$1,706$172$79.3$64.7$14.6
2017Detailed filing. Detailed filing data is available for this year.$1,682$1,524$158$71.5$56.4$15.1
2016Detailed filing. Detailed filing data is available for this year.$1,634$1,490$143$64.4$56.1$8.32
2015Detailed filing. Detailed filing data is available for this year.$1,492$1,357$135$58.8$53.9$4.89
2014Detailed filing. Detailed filing data is available for this year.$1,365$1,235$129$56.8$52.4$4.44
2013Detailed filing. Detailed filing data is available for this year.$1,280$1,155$124$58.3$53.1$5.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,127$1,008$118$47.1
2012Summary only. Only limited summary data is available for this year.$1,127$1,008$118$57.5$47.1$10.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$958$854$104$40.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$785$693$91.7$40.4