Civic Intelligence

Brookline Municipal Credit Union

990 • Fiscal year 2018 • EIN 04-2041245

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 16, 2019

Organization ProfileWWW.BROOKLINECU.COM

View Organization Page

334 Washington StreetBrookline, MA 02447

(617) 232-9410

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.86x

Higher debt load relative to assets than 42% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

24.02x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Net Margin

96th percentile

30%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$126,670

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Asset Growth

7th percentile

-4.9%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

20%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$37,395,478

Down $1,911,751 (-4.9%) from 2017

Net Assets

Up

$5,174,972

Up $212,703 (+4.3%) from 2017

Liabilities

Down

$32,220,506

Down $2,124,454 (-6.2%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin96th percentile

Revenue

Up

$1,341,564

Up $220,417 (+20%) from 2017

Expenses

Up

$940,483

Up $4,699 (+0.5%) from 2017

Net Income

Up

$401,081

Up $215,718 (+116%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$60M$40M$20M$0Assets 2010: $36,915,722Liabilities 2010: $32,694,993Net Assets 2010: $4,220,7292010Assets 2011: $39,573,140Liabilities 2011: $35,322,568Net Assets 2011: $4,250,5722011Assets 2012: $40,989,146Liabilities 2012: $36,647,251Net Assets 2012: $4,341,8952012Assets 2013: $42,003,301Liabilities 2013: $37,563,897Net Assets 2013: $4,439,4042013Assets 2014: $39,469,852Liabilities 2014: $34,931,174Net Assets 2014: $4,538,6782014Assets 2015: $39,751,235Liabilities 2015: $35,111,508Net Assets 2015: $4,639,7272015Assets 2016: $38,791,563Liabilities 2016: $34,039,327Net Assets 2016: $4,752,2362016Assets 2017: $39,307,229Liabilities 2017: $34,344,960Net Assets 2017: $4,962,2692017Assets 2018: $37,395,478Liabilities 2018: $32,220,506Net Assets 2018: $5,174,9722018Assets 2019: $36,994,970Liabilities 2019: $31,538,006Net Assets 2019: $5,456,9642019Assets 2020: $43,698,071Liabilities 2020: $38,113,335Net Assets 2020: $5,584,7362020Assets 2021: $46,577,949Liabilities 2021: $40,967,020Net Assets 2021: $5,610,9292021Assets 2022: $46,391,767Liabilities 2022: $40,758,958Net Assets 2022: $5,632,8092022Assets 2023: $45,011,748Liabilities 2023: $39,169,370Net Assets 2023: $5,842,3782023Assets 2024: $46,443,705Liabilities 2024: $40,362,626Net Assets 2024: $6,081,0792024

Highlighted filing

2018

Assets$37,395,478
Liabilities$32,220,506
Net Assets$5,174,972
Open 2018 Filing

Operations Trend

Revenue Growth92nd percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,294,0292010Revenue 2011: $1,307,355Expenses 2011: $1,238,297Net Income 2011: $69,0582011Revenue 2012: $1,233,528Expenses 2012: $1,164,248Net Income 2012: $69,2802012Revenue 2013: $1,136,627Expenses 2013: $1,074,294Net Income 2013: $62,3332013Revenue 2014: $1,121,385Expenses 2014: $1,043,545Net Income 2014: $77,8402014Revenue 2015: $1,067,562Expenses 2015: $968,987Net Income 2015: $98,5752015Revenue 2016: $1,066,451Expenses 2016: $977,392Net Income 2016: $89,0592016Revenue 2017: $1,121,147Expenses 2017: $935,784Net Income 2017: $185,3632017Revenue 2018: $1,341,564Expenses 2018: $940,483Net Income 2018: $401,0812018Revenue 2019: $1,225,638Expenses 2019: $943,646Net Income 2019: $281,9922019Revenue 2020: $1,109,708Expenses 2020: $981,936Net Income 2020: $127,7722020Revenue 2021: $945,897Expenses 2021: $919,704Net Income 2021: $26,1932021Revenue 2022: $979,722Expenses 2022: $957,842Net Income 2022: $21,8802022Revenue 2023: $1,387,613Expenses 2023: $1,178,044Net Income 2023: $209,5692023Revenue 2024: $1,635,223Expenses 2024: $1,396,522Net Income 2024: $238,7012024

Highlighted filing

2018

Revenue$1,341,564
Expenses$940,483
Net Income$401,081
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 16, 2019
Return Version
2018v3.1
Gross Receipts
$1,358,231
Mission and Program Overview

Mission

Credit union - thrift services

CREDIT UNION

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$22,352,515$21,888,760▼ $463,755
Other Notes and Loans Receivable, Net$13,703,374$12,424,196▼ $1,279,178
Rtn Earn Endowment Incm Other Fnds$4,962,269$5,174,972▲ $212,703
Investments in Publicly Traded Securities$2,150,382$1,864,500▼ $285,882
Cash and Non-Interest-Bearing Accounts$413,523$357,022▼ $56,501
Receivables From Officers Etc$71,292$77,487▲ $6,195
Land, Buildings, and Equipment, Net$64,624$67,499▲ $2,875
Prepaid Expenses and Deferred Charges$25,124$30,969▲ $5,845
Total Assets$39,307,229$37,395,478▼ $1,911,751
Other Assets Total$526,395$685,045▲ $158,650
Liabilities
Other Liabilities$34,265,681$32,143,265▼ $2,122,416
Accounts Payable and Accrued Expenses$35,543$40,475▲ $4,932
Escrow Account Liability$43,736$36,766▼ $6,970
Total Liabilities$34,344,960$32,220,506▼ $2,124,454
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,962,269$5,174,972▲ $212,703
Total Liabilities and Net Assets / Fund Balance$39,307,229$37,395,478▼ $1,911,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,864$358,501$404,365
Other Land Buildings$11,635$226,363$237,998
Land$10,000-$10,000
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul J DemaioPresident anFT$94,427$32,243$126,670
Elizabeth a McdonaldTreasurer-$3,300$387$3,687

Board Members and Trustees

NameTitle
MICHAEL J O'REILLYChairperson
Elizabeth M MellettDirector
Francis M MoroneyDirector
Jennifer Dopazo GilbertDirector
Mathew S BaronasDirector
Philip HarringtonDirector
Andrew M Pappastergion1st Vice CHA
Majorie Lalli2nd Vice CHA
DANIEL C O'LEARYAssistant Tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$578,102
Investment Income
$571,469
Other Revenue
$191,993
Change in Net Assets
$401,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,341,564
Total Revenue per Audited Statements
$1,341,564
Total Revenue per Form 990
$1,341,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$543,586
Salaries, Compensation, and Employee Benefits$396,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$200,392
Current Officers, Directors, Trustees, and Key Employees---$130,358
Information Technology---$105,253
Office Expenses---$104,832
Interest---$87,071
Occupancy---$50,786
Other Employee Benefits---$34,283
Payroll Taxes---$23,863
Depreciation Depletion---$21,535
All Other Expenses---$17,574
Fees for Services Accounting---$17,150
Other Expenses---$10,299
Insurance---$8,796
Advertising---$8,600
Conferences and Meetings---$8,561
Pension Plan Contributions---$8,001
Total Functional Expenses$0$0$0$940,483

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$940,483
Total Expenses per Audited Statements$940,483
Total Expenses per Form 990$940,483
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$71,292$77,487▲ $6,195
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$32,143,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.”

Form 990, Page 6, Part VI, Line 7A

“Each member has a vote at the election of the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reported to the audit committee and the audit committee then reports the filing to the full board of directors. The form 990 is reviewed by management and is documented in the minutes. The 2017 form 990 was reviewed by the audit committe and approved by the board on 11/20/18.”

Form 990, Page 6, Part VI, Line 12C

“Directors and employees sign a new conflict of interest form annually.”

Form 990, Page 6, Part VI, Line 15A

“Personnel committee reviews all employee salaries annually in september. Salaries are based on industy and earnings. Salaries are voted and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 15B

“Personnel committee reviews all employee salaries annually in september. Salaries are based on industy and earnings. Salaries are voted and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Information is posted in the credit union lobby and available upon request.”

Filing and Contact Details

Filer

Filer Name
Brookline Municipal Credit Union
EIN
04-2041245
Phone
6172329410
Address
334 WASHINGTON STREET, BROOKLINE, MA 02447

Signing Officer

Name
Paul J Demaio
Title
President and CEO
Phone
6172329410
Signed
2019-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul J Demaio
Formed
1939
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
9
Employees
9
Volunteers
9

Preparer

Firm
Garvey Steele & Company Llp
Address
PO BOX 397, MYSTIC, CT 06355-0397
Preparer
Michael R Garvey CPA
Phone
8605369831
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Mortgage escrow accounts held for the payment of real estate taxes for municipalities.”

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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/OtherRevenueMiscGrp/Desc0MEMBER SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2NON MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0185831
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14422
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0185831
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14422
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21740
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01740
IRS990/OtherRevenueTotalAmt0191993
IRS990/OtherSalariesAndWagesGrp/TotalAmt0200392
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013703374
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt012424196
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt023863
IRS990/PensionPlanContributionsGrp/TotalAmt08001
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025124
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030969
IRS990/PrincipalOfficerNm0PAUL J DEMAIO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0578102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0578102
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0332771
IRS990/PYOtherExpensesAmt0503901
IRS990/PYOtherRevenueAmt0160593
IRS990/PYProgramServiceRevenueAmt0627783
IRS990/PYRevenuesLessExpensesAmt0185363
IRS990/PYSalariesCompEmpBnftPaidAmt0431883
IRS990/PYTotalExpensesAmt0935784
IRS990/PYTotalRevenueAmt01121147
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt071292
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt077487
IRS990/ReconcilationRevenueExpnssAmt0401081
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04962269
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05174972
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022352515
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021888760
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt045864
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0358501
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0404365
IRS990ScheduleD/ExpensesSubtotalAmt0940483
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011635
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0226363
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0237998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032143265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01341564
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067499
IRS990ScheduleD/TotalExpensesPerForm990Amt0940483
IRS990ScheduleD/TotalLiabilityAmt032143265
IRS990ScheduleD/TotalRevenuePerForm990Amt01341564
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01341564
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0940483
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt028963
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt119340
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt216981
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt34261
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt44206
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt53046
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt6690
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2NEW AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3NEW AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4HOME IMPROVEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6HOME IMPROVEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt035000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt110000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt231000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt334200
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt422000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt53500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt620000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DANIEL C O'LEARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1MICHAEL J O'REILLY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2PAUL J DEMAIO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3MICHAEL J O'REILLY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4PAUL J DEMAIO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5PAUL J DEMAIO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6ANDREW PAPPASTERGION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6true
IRS990ScheduleL/TotalBalanceDueAmt077487
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REPORTED TO THE AUDIT COMMITTEE AND THE AUDIT COMMITTEE THEN REPORTS THE FILING TO THE FULL BOARD OF DIRECTORS. THE FORM 990 IS REVIEWED BY MANAGEMENT AND IS DOCUMENTED IN THE MINUTES. THE 2017 FORM 990 WAS REVIEWED BY THE AUDIT COMMITTE AND APPROVED BY THE BOARD ON 11/20/18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS AND EMPLOYEES SIGN A NEW CONFLICT OF INTEREST FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERSONNEL COMMITTEE REVIEWS ALL EMPLOYEE SALARIES ANNUALLY IN SEPTEMBER. SALARIES ARE BASED ON INDUSTY AND EARNINGS. SALARIES ARE VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PERSONNEL COMMITTEE REVIEWS ALL EMPLOYEE SALARIES ANNUALLY IN SEPTEMBER. SALARIES ARE BASED ON INDUSTY AND EARNINGS. SALARIES ARE VOTED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INFORMATION IS POSTED IN THE CREDIT UNION LOBBY AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt039307229
IRS990/TotalAssetsEOYAmt037395478
IRS990/TotalAssetsGrp/BOYAmt039307229
IRS990/TotalAssetsGrp/EOYAmt037395478
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0940483
IRS990/TotalGrossUBIAmt01740
IRS990/TotalLiabilitiesBOYAmt034344960
IRS990/TotalLiabilitiesEOYAmt032220506
IRS990/TotalLiabilitiesGrp/BOYAmt034344960
IRS990/TotalLiabilitiesGrp/EOYAmt032220506

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,395,478
Liabilities
$32,220,506
Net assets
$5,174,972
Revenue
$1,341,564
Expenses
$940,483
Net income
$401,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.4$40.4$6.08$1.64$1.40$0.24
2023Detailed filing. Detailed filing data is available for this year.$45.0$39.2$5.84$1.39$1.18$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.4$40.8$5.63$0.98$0.96$0.02
2021Detailed filing. Detailed filing data is available for this year.$46.6$41.0$5.61$0.95$0.92$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.7$38.1$5.58$1.11$0.98$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.0$31.5$5.46$1.23$0.94$0.28
2018Detailed filing. Detailed filing data is available for this year.$37.4$32.2$5.17$1.34$0.94$0.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.3$34.3$4.96$1.12$0.94$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.8$34.0$4.75$1.07$0.98$0.09
2015Detailed filing. Detailed filing data is available for this year.$39.8$35.1$4.64$1.07$0.97$0.10
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$39.5$34.9$4.54$1.12$1.04$0.08
2013Detailed filing. Detailed filing data is available for this year.$42.0$37.6$4.44$1.14$1.07$0.06
2012Summary only. Only limited summary data is available for this year.$41.0$36.6$4.34$1.23$1.16$0.07
2011Summary only. Only limited summary data is available for this year.$39.6$35.3$4.25$1.31$1.24$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.9$32.7$4.22$1.29