Civic Intelligence

Htm Credit Union

990 • Fiscal year 2021 • EIN 04-2011587

Jan 01, 2021 to Dec 31, 2021 • Filed on May 10, 2022

Organization ProfileHAVERHILLTCU.COM

View Organization Page

PO Box 383Haverhill, MA 01831

(978) 374-7386

Siviq Scores

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

Liabilities / Assets

28th percentile

0.86x

Higher debt load relative to assets than 28% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

28.86x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Net Margin

81st percentile

20%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$95,608

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Asset Growth

75th percentile

12%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

8.1%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$25,480,223

Up $2,815,723 (+12%) from 2020

Net Assets

Up

$3,636,197

Up $149,896 (+4.3%) from 2020

Liabilities

Up

$21,844,026

Up $2,665,827 (+14%) from 2020

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin81st percentile

Revenue

Up

$756,993

Up $56,723 (+8.1%) from 2020

Expenses

Down

$607,097

Down $34,847 (-5.4%) from 2020

Net Income

Up

$149,896

Up $91,570 (+157%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$30M$20M$10M$0Assets 2010: $16,437,302Liabilities 2010: $13,551,670Net Assets 2010: $2,885,6322010Assets 2011: $16,546,698Liabilities 2011: $13,611,707Net Assets 2011: $2,934,9912011Assets 2012: $17,529,536Liabilities 2012: $14,541,581Net Assets 2012: $2,987,9552012Assets 2013: $17,580,107Liabilities 2013: $14,542,310Net Assets 2013: $3,037,7972013Assets 2014: $17,745,194Liabilities 2014: $14,655,512Net Assets 2014: $3,089,6822014Assets 2015: $17,953,352Liabilities 2015: $14,809,941Net Assets 2015: $3,143,4112015Assets 2016: $19,422,978Liabilities 2016: $16,236,860Net Assets 2016: $3,186,1182016Assets 2017: $19,916,822Liabilities 2017: $16,691,173Net Assets 2017: $3,225,6492017Assets 2018: $20,487,951Liabilities 2018: $17,163,990Net Assets 2018: $3,323,9612018Assets 2019: $20,769,282Liabilities 2019: $17,341,307Net Assets 2019: $3,427,9752019Assets 2020: $22,664,500Liabilities 2020: $19,178,199Net Assets 2020: $3,486,3012020Assets 2021: $25,480,223Liabilities 2021: $21,844,026Net Assets 2021: $3,636,1972021Assets 2022: $27,796,762Liabilities 2022: $24,108,023Net Assets 2022: $3,688,7392022Assets 2023: $26,536,236Liabilities 2023: $22,724,984Net Assets 2023: $3,811,2522023Assets 2024: $26,860,212Liabilities 2024: $22,982,489Net Assets 2024: $3,877,7232024

Highlighted filing

2021

Assets$25,480,223
Liabilities$21,844,026
Net Assets$3,636,197
Open 2021 Filing

Operations Trend

Revenue Growth85th percentile

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

$1.5M$1.0M$500K$0Expenses 2010: $654,8992010Expenses 2011: $595,8172011Expenses 2012: $594,0332012Revenue 2013: $622,184Expenses 2013: $572,342Net Income 2013: $49,8422013Revenue 2014: $596,719Expenses 2014: $544,834Net Income 2014: $51,8852014Revenue 2015: $599,589Expenses 2015: $545,860Net Income 2015: $53,7292015Revenue 2016: $621,222Expenses 2016: $578,515Net Income 2016: $42,7072016Revenue 2017: $669,135Expenses 2017: $629,604Net Income 2017: $39,5312017Revenue 2018: $728,115Expenses 2018: $629,803Net Income 2018: $98,3122018Revenue 2019: $752,297Expenses 2019: $648,283Net Income 2019: $104,0142019Revenue 2020: $700,270Expenses 2020: $641,944Net Income 2020: $58,3262020Revenue 2021: $756,993Expenses 2021: $607,097Net Income 2021: $149,8962021Revenue 2022: $738,030Expenses 2022: $663,756Net Income 2022: $74,2742022Revenue 2023: $969,240Expenses 2023: $846,728Net Income 2023: $122,5122023Revenue 2024: $1,089,013Expenses 2024: $1,022,542Net Income 2024: $66,4712024

Highlighted filing

2021

Revenue$756,993
Expenses$607,097
Net Income$149,896
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 10, 2022
Return Version
2021v4.2
Gross Receipts
$756,993
Mission and Program Overview

Mission

The credit union provides cost effective loans and shares,and a variety of banking services to our members.

CREDIT UNION

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,615,250$9,724,579▲ $109,329
Investments Program Related$8,658,627$9,342,542▲ $683,915
Investments in Publicly Traded Securities$749,980$3,593,943▲ $2,843,963
Rtn Earn Endowment Incm Other Fnds$2,940,314$3,090,210▲ $149,896
Savings and Temporary Cash Investments$3,291,987$2,453,250▼ $838,737
Cap Stk Tr Prin Current Funds$545,987$545,987→ $0
Land, Buildings, and Equipment, Net$10,080$52,938▲ $42,858
Cash and Non-Interest-Bearing Accounts$87,940$49,349▼ $38,591
Prepaid Expenses and Deferred Charges$31,670$29,343▼ $2,327
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$22,664,500$25,480,223▲ $2,815,723
Other Assets Total$218,966$234,279▲ $15,313
Liabilities
Accounts Payable and Accrued Expenses$19,111,589$21,778,813▲ $2,667,224
Other Liabilities$66,610$65,213▼ $1,397
Total Liabilities$19,178,199$21,844,026▲ $2,665,827
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,486,301$3,636,197▲ $149,896
Total Liabilities and Net Assets / Fund Balance$22,664,500$25,480,223▲ $2,815,723

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$52,938$108,079$161,017
Investment Program Related Org$9,342,542--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Diane L BevilacquaCEO/treasurerFT$95,608$95,608

Board Members and Trustees

NameTitle
Diane JuknavorianPresident
Cameron BoydDirector
Clementina DaneseDirector
Joan ConcaDirector
Pamela CarrDirector
Peter KitsosDirector
Peter ShanahanDirector
Alan RatteAsst Treasurer
Kara KosmesClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$401,986
Investment Income
$154,115
Other Revenue
$200,892
Change in Net Assets
$149,896

Audited Revenue Reconciliation

Revenue per Audited Statements
$756,993
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$756,993
Total Revenue per Form 990
$756,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$327,760
Other Expenses$279,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$186,748
Current Officers, Directors, Trustees, and Key Employees---$95,608
Payroll Taxes---$24,829
Interest---$21,961
Office Expenses---$20,939
Depreciation Depletion---$14,898
Occupancy---$11,100
Other Employee Benefits---$10,675
Other Expenses---$10,248
Pension Plan Contributions---$9,900
Fees for Services Accounting---$8,800
Insurance---$8,614
Advertising---$5,804
Conferences and Meetings---$2,750
Fees for Services Other---$2,478
All Other Expenses---$-4,275
Total Functional Expenses$0$0$0$607,097

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$607,097
Total Expenses per Audited Statements$607,097
Total Expenses per Form 990$607,097
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
Other Payables$65,213
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
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 is owned by its members.”

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

“Credit union members elect their volunteer board of directors who are also members of the credit union. One member, one vote.”

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

“Any major changes to the credit union by-laws must be approved by the membership”

Form 990, Part VI, Section B, Line 11B

“The president/ceo reviews the form for accuracy. The credit union's outside cpa auditor reviews the form and makes any necessary corrections before electronically filing the report on the credit union's behalf. The 990 is availble for the board and supervisory comittee to review.”

Form 990, Part VI, Section B, Line 15

“Professional credit union compensation surveys are obtained and provided to the board. The board uses this information in conjunction with a review of the performance of the ceo to determine and appropriate compensation amount. The board votes on the ceo's compensation.”

Form 990, Part VI, Section C, Line 19

“The credit union's bylaws are available upon request. Financial statements are posted in the cu main lobby and are avaialble upon request. They can also be viewed on ncua's website.”

Filing and Contact Details

Filer

Filer Name
Htm Credit Union
EIN
04-2011587
Phone
9783747386
Address
PO BOX 383, HAVERHILL, MA 01831

Signing Officer

Name
Diane Bevilacqua
Title
CEO
Phone
9783747386
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Bevilacqua
Formed
1937
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
9
Employees
5
Volunteers
10

Preparer

Firm
Walsh & Co
Address
31 CHURCH STREET SUITE 2, WINCHESTER, MA 01890
Preparer
Michael J Walsh CPA
Phone
7817210295
Raw XML Appendix382 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt019111589
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt021778813
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CREDIT UNION
IRS990/AdvertisingGrp/TotalAmt05804
IRS990/AllOtherExpensesGrp/TotalAmt0-4275
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DIANE BEVILACQUA
IRS990/BooksInCareOfDetail/PhoneNum09783747386
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04 SUMMER STREET ROOM 3
IRS990/BooksInCareOfDetail/USAddress/CityNm0HAVERHILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001831
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0545987
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0545987
IRS990/CashNonInterestBearingGrp/BOYAmt087940
IRS990/CashNonInterestBearingGrp/EOYAmt049349
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt095608
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt02750
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0154115
IRS990/CYOtherExpensesAmt0279337
IRS990/CYOtherRevenueAmt0200892
IRS990/CYProgramServiceRevenueAmt0401986
IRS990/CYRevenuesLessExpensesAmt0149896
IRS990/CYSalariesCompEmpBnftPaidAmt0327760
IRS990/CYTotalExpensesAmt0607097
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0756993
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt014898
IRS990/Desc0THE CREDIT UNION HAS MEMBERS. THE CREDIT UNION PROVIDES DEPOSIT AND LENDING SERVICES PLUS OTHER LOW COST HIGH QUALITY PRODUCTS ANDSERVICES
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/ExpenseAmt0607097
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt08800
IRS990/FeesForServicesOtherGrp/TotalAmt02478
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0DIANE L BEVILACQUA
IRS990/Form990PartVIISectionAGrp/PersonNm1CAMERON BOYD
IRS990/Form990PartVIISectionAGrp/PersonNm2JOAN CONCA
IRS990/Form990PartVIISectionAGrp/PersonNm3CLEMENTINA DANESE
IRS990/Form990PartVIISectionAGrp/PersonNm4DIANE JUKNAVORIAN
IRS990/Form990PartVIISectionAGrp/PersonNm5KARA KOSMES
IRS990/Form990PartVIISectionAGrp/PersonNm6PETER KITSOS
IRS990/Form990PartVIISectionAGrp/PersonNm7ALAN RATTE
IRS990/Form990PartVIISectionAGrp/PersonNm8PAMELA CARR
IRS990/Form990PartVIISectionAGrp/PersonNm9PETER SHANAHAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt095608
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASST TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01937
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0756993
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt08614
IRS990/InterestGrp/TotalAmt021961
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0154115
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0154115
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08658627
IRS990/InvestmentsProgramRelatedGrp/EOYAmt09342542
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0749980
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03593943
IRS990/IRPDocumentCnt0224
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0108079
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010080
IRS990/LandBldgEquipBasisNetGrp/EOYAmt052938
IRS990/LandBldgEquipCostOrOtherBssAmt0161017
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CREDIT UNION PROVIDES COST EFFECTIVE LOANS AND SHARES,AND A VARIETY OF BANKING SERVICES TO OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03486301
IRS990/NetAssetsOrFundBalancesEOYAmt03636197
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt011100
IRS990/OfficeExpensesGrp/TotalAmt020939
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0218966
IRS990/OtherAssetsTotalGrp/EOYAmt0234279
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010675
IRS990/OtherExpensesGrp/Desc0DATA PROCESSING
IRS990/OtherExpensesGrp/Desc1ATM PROCESSING
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/TotalAmt0112747
IRS990/OtherExpensesGrp/TotalAmt152215
IRS990/OtherExpensesGrp/TotalAmt211058
IRS990/OtherExpensesGrp/TotalAmt310248
IRS990/OtherLiabilitiesGrp/BOYAmt066610
IRS990/OtherLiabilitiesGrp/EOYAmt065213
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0FEE INCOME
IRS990/OtherRevenueMiscGrp/Desc1NCUA DISTRIBUTION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0101685
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt199207
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0101685
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt199207
IRS990/OtherRevenueTotalAmt0200892
IRS990/OtherSalariesAndWagesGrp/TotalAmt0186748
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09615250
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09724579
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt024829
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt09900
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031670
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029343
IRS990/PrincipalOfficerNm0DIANE BEVILACQUA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0401986
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0401986
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0177040
IRS990/PYOtherExpensesAmt0318860
IRS990/PYOtherRevenueAmt074619
IRS990/PYProgramServiceRevenueAmt0448611
IRS990/PYRevenuesLessExpensesAmt058326
IRS990/PYSalariesCompEmpBnftPaidAmt0323084
IRS990/PYTotalExpensesAmt0641944
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0700270
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0149896
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0756993
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02940314
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03090210
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03291987
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02453250
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt052938
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0108079
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0161017
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0607097
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt09342542
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INTEREST BEARING DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER PAYABLES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0756993
IRS990ScheduleD/TotalBookValueLandBuildingsAmt052938
IRS990ScheduleD/TotalBookValueProgramRltdAmt09342542
IRS990ScheduleD/TotalExpensesPerForm990Amt0607097
IRS990ScheduleD/TotalLiabilityAmt065213
IRS990ScheduleD/TotalRevenuePerForm990Amt0756993
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0756993
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0607097
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CREDIT UNION MEMBERS ELECT THEIR VOLUNTEER BOARD OF DIRECTORS WHO ARE ALSO MEMBERS OF THE CREDIT UNION. ONE MEMBER, ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MAJOR CHANGES TO THE CREDIT UNION BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT/CEO REVIEWS THE FORM FOR ACCURACY. THE CREDIT UNION'S OUTSIDE CPA AUDITOR REVIEWS THE FORM AND MAKES ANY NECESSARY CORRECTIONS BEFORE ELECTRONICALLY FILING THE REPORT ON THE CREDIT UNION'S BEHALF. THE 990 IS AVAILBLE FOR THE BOARD AND SUPERVISORY COMITTEE TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL CREDIT UNION COMPENSATION SURVEYS ARE OBTAINED AND PROVIDED TO THE BOARD. THE BOARD USES THIS INFORMATION IN CONJUNCTION WITH A REVIEW OF THE PERFORMANCE OF THE CEO TO DETERMINE AND APPROPRIATE COMPENSATION AMOUNT. THE BOARD VOTES ON THE CEO'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION'S BYLAWS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CU MAIN LOBBY AND ARE AVAIALBLE UPON REQUEST. THEY CAN ALSO BE VIEWED ON NCUA'S WEBSITE.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt022664500
IRS990/TotalAssetsEOYAmt025480223
IRS990/TotalAssetsGrp/BOYAmt022664500
IRS990/TotalAssetsGrp/EOYAmt025480223
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt0607097
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019178199
IRS990/TotalLiabilitiesEOYAmt021844026
IRS990/TotalLiabilitiesGrp/BOYAmt019178199
IRS990/TotalLiabilitiesGrp/EOYAmt021844026
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03486301
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03636197
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0607097
IRS990/TotalProgramServiceRevenueAmt0401986
IRS990/TotalReportableCompFromOrgAmt095608
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0756993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0756993
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022664500
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025480223
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04 SUMMER STREET
IRS990/USAddress/CityNm0HAVERHILL
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002148
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HAVERHILLTCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE BEVILACQUA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09783747386
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HTM CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HTMC
ReturnHeader/Filer/EIN0042011587
ReturnHeader/Filer/PhoneNum09783747386
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 383
ReturnHeader/Filer/USAddress/CityNm0HAVERHILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001831
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043209238
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALSH & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031 CHURCH STREET SUITE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001890
ReturnHeader/PreparerPersonGrp/PhoneNum07817210295
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J WALSH CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-10T12:17:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DIANE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BEVILACQUA
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,480,223
Liabilities
$21,844,026
Net assets
$3,636,197
Revenue
$756,993
Expenses
$607,097
Net income
$149,896
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.9$23.0$3.88$1.09$1.02$0.07
2023Detailed filing. Detailed filing data is available for this year.$26.5$22.7$3.81$0.97$0.85$0.12
2022Detailed filing. Detailed filing data is available for this year.$27.8$24.1$3.69$0.74$0.66$0.07
2021Detailed filing. Detailed filing data is available for this year.$25.5$21.8$3.64$0.76$0.61$0.15
2020Detailed filing. Detailed filing data is available for this year.$22.7$19.2$3.49$0.70$0.64$0.06
2019Detailed filing. Detailed filing data is available for this year.$20.8$17.3$3.43$0.75$0.65$0.10
2018Detailed filing. Detailed filing data is available for this year.$20.5$17.2$3.32$0.73$0.63$0.10
2017Detailed filing. Detailed filing data is available for this year.$19.9$16.7$3.23$0.67$0.63$0.04
2016Detailed filing. Detailed filing data is available for this year.$19.4$16.2$3.19$0.62$0.58$0.04
2015Detailed filing. Detailed filing data is available for this year.$18.0$14.8$3.14$0.60$0.55$0.05
2014Detailed filing. Detailed filing data is available for this year.$17.7$14.7$3.09$0.60$0.54$0.05
2013Detailed filing. Detailed filing data is available for this year.$17.6$14.5$3.04$0.62$0.57$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$14.5$2.99$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$13.6$2.93$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$13.6$2.89$0.65