Civic Intelligence

Worcester Credit Union

990 • Fiscal year 2013 • EIN 04-1990205

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 28, 2014

Organization ProfileWWW.WORCESTERCU.COM

View Organization Page

520 W Boylston StreetWorcester, MA 01606

(508) 853-9966

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.91x

Higher debt load relative to assets than 73% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

68th percentile

20.65x

Higher debt load relative to revenue than 68% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

19th percentile

1.8%

Higher net margin than 19% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

86th percentile

$190,192

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

19th percentile

-1.5%

Faster asset growth than 19% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

27th percentile

-2.9%

Faster revenue growth than 27% of similar nonprofits.

2013 filings • $50M-$100M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$81,948,734

Down $1,208,868 (-1.5%) from 2012

Net Assets

Down

$7,443,176

Down $125,552 (-1.7%) from 2012

Liabilities

Down

$74,505,558

Down $1,083,316 (-1.4%) from 2012

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin19th percentile

Revenue

Down

$3,607,912

Down $107,048 (-2.9%) from 2012

Expenses

Down

$3,543,829

Down $275,899 (-7.2%) from 2012

Net Income

Up

$64,083

Up $168,851 (+161%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$150M$100M$50M$0Assets 2010: $81,502,954Liabilities 2010: $73,792,622Net Assets 2010: $7,710,3322010Assets 2011: $81,103,309Liabilities 2011: $73,433,288Net Assets 2011: $7,670,0212011Assets 2012: $83,157,602Liabilities 2012: $75,588,874Net Assets 2012: $7,568,7282012Assets 2013: $81,948,734Liabilities 2013: $74,505,558Net Assets 2013: $7,443,1762013Assets 2014: $78,096,138Liabilities 2014: $70,682,606Net Assets 2014: $7,413,5322014Assets 2015: $76,129,004Liabilities 2015: $68,909,450Net Assets 2015: $7,219,5542015Assets 2016: $78,397,660Liabilities 2016: $70,957,957Net Assets 2016: $7,439,7032016Assets 2017: $80,724,729Liabilities 2017: $73,089,596Net Assets 2017: $7,635,1332017Assets 2018: $80,628,970Liabilities 2018: $72,784,704Net Assets 2018: $7,844,2662018Assets 2019: $81,833,951Liabilities 2019: $73,671,503Net Assets 2019: $8,162,4482019Assets 2020: $106,731,810Liabilities 2020: $97,836,182Net Assets 2020: $8,895,6282020Assets 2021: $107,267,095Liabilities 2021: $98,044,869Net Assets 2021: $9,222,2262021Assets 2022: $105,060,405Liabilities 2022: $98,428,333Net Assets 2022: $6,632,0722022Assets 2023: $98,463,592Liabilities 2023: $90,482,279Net Assets 2023: $7,981,3132023Assets 2024: $96,506,337Liabilities 2024: $87,743,183Net Assets 2024: $8,763,1542024

Highlighted filing

2013

Assets$81,948,734
Liabilities$74,505,558
Net Assets$7,443,176
Open 2013 Filing

Operations Trend

Revenue Growth27th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,145,6662010Expenses 2011: $4,062,0992011Revenue 2012: $3,714,960Expenses 2012: $3,819,728Net Income 2012: -$104,7682012Revenue 2013: $3,607,912Expenses 2013: $3,543,829Net Income 2013: $64,0832013Revenue 2014: $3,441,486Expenses 2014: $3,560,989Net Income 2014: -$119,5032014Revenue 2015: $3,305,518Expenses 2015: $3,467,108Net Income 2015: -$161,5902015Revenue 2016: $3,253,859Expenses 2016: $3,034,588Net Income 2016: $219,2712016Revenue 2017: $3,490,858Expenses 2017: $3,248,728Net Income 2017: $242,1302017Revenue 2018: $3,711,455Expenses 2018: $3,507,023Net Income 2018: $204,4322018Revenue 2019: $3,906,223Expenses 2019: $3,646,969Net Income 2019: $259,2542019Revenue 2020: $3,911,731Expenses 2020: $3,429,308Net Income 2020: $482,4232020Revenue 2021: $3,800,689Expenses 2021: $3,016,123Net Income 2021: $784,5662021Revenue 2022: $3,533,968Expenses 2022: $3,224,289Net Income 2022: $309,6792022Revenue 2023: $4,719,033Expenses 2023: $3,960,168Net Income 2023: $758,8652023Revenue 2024: $4,756,527Expenses 2024: $4,143,677Net Income 2024: $612,8502024

Highlighted filing

2013

Revenue$3,607,912
Expenses$3,543,829
Net Income$64,083
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 28, 2014
Return Version
2013v3.0
Gross Receipts
$3,607,912
Mission and Program Overview

Mission

Credit union without capital stock organized and operated for mutual purposes and without profit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$46,677,427$46,144,095▼ $533,332
Investments Other Securities$22,366,154$24,413,683▲ $2,047,529
Rtn Earn Endowment Incm Other Fnds$7,568,728$7,443,176▼ $125,552
Cash and Non-Interest-Bearing Accounts$10,528,853$7,433,643▼ $3,095,210
Land, Buildings, and Equipment, Net$1,459,849$1,347,199▼ $112,650
Prepaid Expenses and Deferred Charges$155,948$187,592▲ $31,644
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$83,157,602$81,948,734▼ $1,208,868
Other Assets Total$1,969,371$2,422,522▲ $453,151
Liabilities
Other Liabilities$73,878,724$72,632,099▼ $1,246,625
Mortgage Notes Payable Secured by Investment Property$1,243,035$1,224,597▼ $18,438
Accounts Payable and Accrued Expenses$378,197$575,277▲ $197,080
Deferred Revenue$88,918$73,585▼ $15,333
Total Liabilities$75,588,874$74,505,558▼ $1,083,316
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,568,728$7,443,176▼ $125,552
Total Liabilities and Net Assets / Fund Balance$83,157,602$81,948,734▼ $1,208,868

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$960,482$576,735$1,537,217
Buildings$-140,029$1,171,028$1,030,999
Other Land Buildings$144,146$835,015$979,161
Land$382,600-$382,600
Other Securities$207,800--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen E DuffyPresident/CEOFT$165,625$24,567$190,192
Sharon M MaloneyVP OperationsFT$86,022$13,744$99,766

Board Members and Trustees

NameTitle
Konstantin EliadiChairman
Robert HenniganVice Chairman
David MooreDirector
Michael TraynorDirector
Paula HarrityDirector
Sharon WoodburyDirector
Ralph AromandoSecretary
John LauringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,238,357
Investment Income
$323,205
Other Revenue
$46,350
Change in Net Assets
$64,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,607,912
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,607,912
Total Revenue per Form 990
$3,607,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,188,971
Salaries, Compensation, and Employee Benefits$1,354,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,085,202
All Other Expenses---$411,729
Occupancy---$268,080
Depreciation Depletion---$169,108
Other Employee Benefits---$151,228
Advertising---$134,619
Other Expenses---$120,312
Payroll Taxes---$89,818
Insurance---$72,403
Interest---$38,549
Fees for Services Accounting---$36,186
Pension Plan Contributions---$28,610
Conferences and Meetings---$21,915
Fees for Services Legal---$8,577
Total Functional Expenses$0$0$0$3,543,829

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,543,829
Total Expenses per Audited Statements$3,543,829
Total Expenses per Form 990$3,543,829
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$72,534,813
Accrued Dividends on Member Deposits$97,286
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
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

“Each depositor is a member of the organization and has voting rights at the annual meeting including election of the officers and board of directors.”

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

“Each depositor is a member and has voting rights at the annual meeting.”

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

“Each depositor has voting rights to elect officers and board of directors.”

Form 990, Part VI, Section B, Line 11

“Form 990 is presented to the board of directors for review at the monthly meeting before it is filed.”

Form 990, Part VI, Section B, Line 12

“The annual review of the ceo's salary is conducted by the board of directors who make recommendations of compensation when applicable. The use of the organization's vehicle is also voted and approved by the board of directors.”

Form 990, Part VI, Section B, Line 15A

“The annual review of the ceo's salary is conducted by the board of directors who make recommendations of compensation when applicable. The use of the organization's vehicle is also voted and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by appointment.”

Filing and Contact Details

Filer

EIN
04-1990205
Phone
5088539966

Signing Officer

Name
Karen Duffy
Title
President
Phone
5088539966
Signed
2014-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Duffy
Formed
1998
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
8
Employees
40
Volunteers
0

Preparer

Preparer
Barbara E King
Phone
5087557107
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Loan servicing 112,847. Provision for losses 76,750. Ncua -corporate assessment 59,093. Supplies 37,931. Loan recovery 37,141. Telephone 35,582. Postage 20,681. Association dues 12,561. State audit fees 11,000. Other expenses 4,638. Misc assessment 3,505.”

FORM 990, PART XI, LINE 9:

“Ncusif stablization -28,780.”

Raw XML AppendixShowing 400 of 419 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/OthNotesLoansReceivableNetGrp/EOYAmt046144095
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt089818
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt028610
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0155948
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0187592
IRS990/PrincipalOfficerNm0KAREN DUFFY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02338806
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1899551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02338806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1899551
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0260454
IRS990/PYOtherExpensesAmt02240688
IRS990/PYOtherRevenueAmt062348
IRS990/PYProgramServiceRevenueAmt03392158
IRS990/PYRevenuesLessExpensesAmt0-104768
IRS990/PYSalariesCompEmpBnftPaidAmt01579040
IRS990/PYTotalExpensesAmt03819728
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03714960
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt064083
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07568728
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07443176
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0-140029
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01171028
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01030999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03543829
IRS990ScheduleD/LandGrp/BookValueAmt0382600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0382600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0960482
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0576735
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01537217
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0144146
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0835015
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0979161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt072534813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt197286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS ON MEMBER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03000100
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt121205783
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2207800
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FEDERAL AGENCY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FHLB CAPITAL STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03607912
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01347199
IRS990ScheduleD/TotalBookValueSecuritiesAmt024413683
IRS990ScheduleD/TotalExpensesPerForm990Amt03543829
IRS990ScheduleD/TotalLiabilityAmt072632099
IRS990ScheduleD/TotalRevenuePerForm990Amt03607912
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03607912
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03543829
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt013067
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KAREN E DUFFY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0190192
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH DEPOSITOR IS A MEMBER OF THE ORGANIZATION AND HAS VOTING RIGHTS AT THE ANNUAL MEETING INCLUDING ELECTION OF THE OFFICERS AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DEPOSITOR IS A MEMBER AND HAS VOTING RIGHTS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DEPOSITOR HAS VOTING RIGHTS TO ELECT OFFICERS AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AT THE MONTHLY MEETING BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ANNUAL REVIEW OF THE CEO'S SALARY IS CONDUCTED BY THE BOARD OF DIRECTORS WHO MAKE RECOMMENDATIONS OF COMPENSATION WHEN APPLICABLE. THE USE OF THE ORGANIZATION'S VEHICLE IS ALSO VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ANNUAL REVIEW OF THE CEO'S SALARY IS CONDUCTED BY THE BOARD OF DIRECTORS WHO MAKE RECOMMENDATIONS OF COMPENSATION WHEN APPLICABLE. THE USE OF THE ORGANIZATION'S VEHICLE IS ALSO VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LOAN SERVICING 112,847. PROVISION FOR LOSSES 76,750. NCUA -CORPORATE ASSESSMENT 59,093. SUPPLIES 37,931. LOAN RECOVERY 37,141. TELEPHONE 35,582. POSTAGE 20,681. ASSOCIATION DUES 12,561. STATE AUDIT FEES 11,000. OTHER EXPENSES 4,638. MISC ASSESSMENT 3,505.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NCUSIF STABLIZATION -28,780.
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 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt083157602
IRS990/TotalAssetsEOYAmt081948734
IRS990/TotalAssetsGrp/BOYAmt083157602
IRS990/TotalAssetsGrp/EOYAmt081948734
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt040
IRS990/TotalFunctionalExpensesGrp/TotalAmt03543829
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt075588874
IRS990/TotalLiabilitiesEOYAmt074505558
IRS990/TotalLiabilitiesGrp/BOYAmt075588874
IRS990/TotalLiabilitiesGrp/EOYAmt074505558
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07568728
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07443176
IRS990/TotalOtherCompensationAmt025244
IRS990/TotalProgramServiceRevenueAmt03238357
IRS990/TotalReportableCompFromOrgAmt0264714
IRS990/TotalRevenueGrp/ExclusionAmt0323205
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03284707
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03607912
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt083157602
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt081948734
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10520 W BOYLSTON STREET
IRS990/USAddress/City0WORCESTER
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode001606
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.WORCESTERCU.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN DUFFY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05088539966
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine10WORCESTER CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WORC
ReturnHeader/Filer/EIN0041990205

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$81,948,734
Liabilities
$74,505,558
Net assets
$7,443,176
Revenue
$3,607,912
Expenses
$3,543,829
Net income
$64,083
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$96.5$87.7$8.76$4.76$4.14$0.61
2023Detailed filing. Detailed filing data is available for this year.$98.5$90.5$7.98$4.72$3.96$0.76
2022Detailed filing. Detailed filing data is available for this year.$105$98.4$6.63$3.53$3.22$0.31
2021Detailed filing. Detailed filing data is available for this year.$107$98.0$9.22$3.80$3.02$0.78
2020Detailed filing. Detailed filing data is available for this year.$107$97.8$8.90$3.91$3.43$0.48
2019Detailed filing. Detailed filing data is available for this year.$81.8$73.7$8.16$3.91$3.65$0.26
2018Detailed filing. Detailed filing data is available for this year.$80.6$72.8$7.84$3.71$3.51$0.20
2017Detailed filing. Detailed filing data is available for this year.$80.7$73.1$7.64$3.49$3.25$0.24
2016Detailed filing. Detailed filing data is available for this year.$78.4$71.0$7.44$3.25$3.03$0.22
2015Detailed filing. Detailed filing data is available for this year.$76.1$68.9$7.22$3.31$3.47$0.16
2014Detailed filing. Detailed filing data is available for this year.$78.1$70.7$7.41$3.44$3.56$0.12
2013Detailed filing. Detailed filing data is available for this year.$81.9$74.5$7.44$3.61$3.54$0.06
2012Summary only. Only limited summary data is available for this year.$83.2$75.6$7.57$3.71$3.82$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.1$73.4$7.67$4.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.5$73.8$7.71$4.15