Civic Intelligence

Worcester Credit Union

990 • Fiscal year 2015 • EIN 04-1990205

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 20, 2016

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

74th percentile

0.91x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

20.85x

Higher debt load relative to revenue than 63% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Net Margin

7th percentile

-4.9%

Higher net margin than 7% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$201,702

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Asset Growth

9th percentile

-2.5%

Faster asset growth than 9% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

14th percentile

-4.0%

Faster revenue growth than 14% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$76,129,004

Down $1,967,134 (-2.5%) from 2014

Net Assets

Down

$7,219,554

Down $193,978 (-2.6%) from 2014

Liabilities

Down

$68,909,450

Down $1,773,156 (-2.5%) from 2014

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin7th percentile

Revenue

Down

$3,305,518

Down $135,968 (-4.0%) from 2014

Expenses

Down

$3,467,108

Down $93,881 (-2.6%) from 2014

Net Income

Down

-$161,590

Down $42,087 (-35%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2015

Assets$76,129,004
Liabilities$68,909,450
Net Assets$7,219,554
Open 2015 Filing

Operations Trend

Revenue Growth14th 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

2015

Revenue$3,305,518
Expenses$3,467,108
Net Income-$161,590
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 20, 2016
Return Version
2015v2.1
Gross Receipts
$3,305,518
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$46,894,118$49,360,764▲ $2,466,646
Investments Other Securities$20,692,854$15,080,539▼ $5,612,315
Cash and Non-Interest-Bearing Accounts$6,452,692$7,565,284▲ $1,112,592
Rtn Earn Endowment Incm Other Fnds$7,413,532$7,219,554▼ $193,978
Land, Buildings, and Equipment, Net$1,249,457$1,136,387▼ $113,070
Prepaid Expenses and Deferred Charges$181,479$140,455▼ $41,024
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$78,096,138$76,129,004▼ $1,967,134
Other Assets Total$2,625,538$2,845,575▲ $220,037
Liabilities
Other Liabilities$69,237,409$68,009,501▼ $1,227,908
Mortgage Notes Payable Secured by Investment Property$805,987$400,000▼ $405,987
Accounts Payable and Accrued Expenses$550,011$386,307▼ $163,704
Deferred Revenue$89,199$113,642▲ $24,443
Total Liabilities$70,682,606$68,909,450▼ $1,773,156
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,413,532$7,219,554▼ $193,978
Total Liabilities and Net Assets / Fund Balance$78,096,138$76,129,004▼ $1,967,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$329,093$701,906$1,030,999
Leasehold Improvements$288,299$730,525$1,018,824
Other Land Buildings$136,395$729,704$866,099
Land$382,600-$382,600
Other Securities$164,800--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen E DuffyPresident/CEOFT$180,355$21,347$201,702
Sharon MaloneyVP OperationsFT$90,158$12,216$102,374

Board Members and Trustees

NameTitle
Robert HenniganChairman
Paula HarrityVice-chair
David MooreDirector
John LauringDirector
Julie ParenteauDirector
Konstantin EliadiDirector
Sharon WoodburyDirector
Michael TraynorSecretary
John LauringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,971,983
Investment Income
$288,177
Other Revenue
$45,358
Change in Net Assets
$-161,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,305,518
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,305,518
Total Revenue per Form 990
$3,305,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,105,782
Salaries, Compensation, and Employee Benefits$1,361,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,090,352
Advertising---$280,601
Occupancy---$238,637
All Other Expenses---$183,539
Depreciation Depletion---$183,365
Other Employee Benefits---$153,877
Other Expenses---$130,063
Payroll Taxes---$86,879
Insurance---$48,982
Fees for Services Accounting---$42,210
Pension Plan Contributions---$30,218
Conferences and Meetings---$27,554
Interest---$20,990
Fees for Services Legal---$720
Total Functional Expenses$0$0$0$3,467,108

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,467,108
Total Expenses per Audited Statements$3,467,108
Total Expenses per Form 990$3,467,108
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$67,966,634
Accrued Dividends on Member Deposits$42,867
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

Filer Name
Worcester Credit Union
EIN
04-1990205
Phone
5088539966
Address
520 W BOYLSTON STREET, WORCESTER, MA 01606

Signing Officer

Name
Karen Duffy
Title
President
Phone
5088539966
Signed
2016-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Duffy
Formed
1998
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
9
Employees
35
Volunteers
0

Preparer

Firm
Bollus Lynch Llp
Address
89 SHREWSBURY STREET, WORCESTER, MA 01604
Preparer
Barbara E King
Phone
5087557107
Raw XML AppendixShowing 400 of 420 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/OtherSalariesAndWagesGrp/TotalAmt01090352
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt046894118
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt049360764
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt086879
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt030218
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0181479
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0140455
IRS990/PrincipalOfficerNm0KAREN DUFFY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02189925
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1782058
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02189925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1782058
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0332363
IRS990/PYOtherExpensesAmt02161955
IRS990/PYOtherRevenueAmt060855
IRS990/PYProgramServiceRevenueAmt03048268
IRS990/PYRevenuesLessExpensesAmt0-119503
IRS990/PYSalariesCompEmpBnftPaidAmt01399034
IRS990/PYTotalExpensesAmt03560989
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03441486
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-161590
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07413532
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07219554
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0329093
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0701906
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01030999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03467108
IRS990ScheduleD/LandGrp/BookValueAmt0382600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0382600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0288299
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0730525
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01018824
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0136395
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0729704
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0866099
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067966634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt142867
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED DIVIDENDS ON MEMBER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01000000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt113915739
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2164800
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FEDERAL AGENCY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FHLB CAPITAL STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03305518
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01136387
IRS990ScheduleD/TotalBookValueSecuritiesAmt015080539
IRS990ScheduleD/TotalExpensesPerForm990Amt03467108
IRS990ScheduleD/TotalLiabilityAmt068009501
IRS990ScheduleD/TotalRevenuePerForm990Amt03305518
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03305518
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03467108
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0180355
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06866
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt08931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KAREN E DUFFY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0201702
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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt078096138
IRS990/TotalAssetsEOYAmt076129004
IRS990/TotalAssetsGrp/BOYAmt078096138
IRS990/TotalAssetsGrp/EOYAmt076129004
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/TotalAmt03467108
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070682606
IRS990/TotalLiabilitiesEOYAmt068909450
IRS990/TotalLiabilitiesGrp/BOYAmt070682606
IRS990/TotalLiabilitiesGrp/EOYAmt068909450
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07413532
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07219554
IRS990/TotalOtherCompensationAmt024632
IRS990/TotalProgramServiceRevenueAmt02971983
IRS990/TotalReportableCompFromOrgAmt0279444
IRS990/TotalRevenueGrp/ExclusionAmt0288177
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03017341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03305518
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt078096138
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt076129004
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0520 W BOYLSTON STREET
IRS990/USAddress/CityNm0WORCESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001606
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.WORCESTERCU.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN DUFFY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05088539966
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORCESTER CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WORC

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$76,129,004
Liabilities
$68,909,450
Net assets
$7,219,554
Revenue
$3,305,518
Expenses
$3,467,108
Net income
-$161,590
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