Civic Intelligence

Workers Federal Credit Union Fka

990 • Fiscal year 2017 • EIN 04-2079901

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

815 Main StreetFitchburg, MA 01420-0900

(978) 345-1021

Siviq Scores

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

Liabilities / Assets

56th percentile

0.90x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

18.84x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Net Margin

2nd percentile

6.8%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Top Officer Pay

44th percentile

$793,857

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Asset Growth

71st percentile

8.9%

Faster asset growth than 71% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

8.0%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,635,615,637

Up $134,217,807 (+8.9%) from 2016

Net Assets

Up

$168,351,194

Up $7,480,073 (+4.6%) from 2016

Liabilities

Up

$1,467,264,443

Up $126,737,734 (+9.5%) from 2016

Revenue

Up

$77,870,168

Up $5,756,865 (+8.0%) from 2016

Expenses

Up

$72,576,334

Up $11,078,158 (+18%) from 2016

Net Income

Down

$5,293,834

Down $5,321,293 (-50%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2010: $799,246,251Liabilities 2010: $697,971,052Net Assets 2010: $101,275,1992010Assets 2011: $830,608,787Liabilities 2011: $719,301,118Net Assets 2011: $111,307,6692011Assets 2012: $913,270,562Liabilities 2012: $791,518,870Net Assets 2012: $121,751,6922012Assets 2013: $1,038,005,093Liabilities 2013: $910,462,304Net Assets 2013: $127,542,7892013Assets 2014: $1,151,137,509Liabilities 2014: $1,009,384,357Net Assets 2014: $141,753,1522014Assets 2015: $1,312,153,172Liabilities 2015: $1,158,779,923Net Assets 2015: $153,373,2492015Assets 2016: $1,501,397,830Liabilities 2016: $1,340,526,709Net Assets 2016: $160,871,1212016Assets 2017: $1,635,615,637Liabilities 2017: $1,467,264,443Net Assets 2017: $168,351,1942017Assets 2018: $1,797,705,514Liabilities 2018: $1,620,462,731Net Assets 2018: $177,242,7832018Assets 2019: $1,871,285,750Liabilities 2019: $1,674,258,519Net Assets 2019: $197,027,2312019Assets 2020: $1,995,827,980Liabilities 2020: $1,783,773,541Net Assets 2020: $212,054,4392020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$1,635,615,637
Liabilities$1,467,264,443
Net Assets$168,351,194

Operations Trend

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

$100M$50M$0Expenses 2010: $39,015,2932010Expenses 2011: $37,769,7952011Expenses 2012: $38,381,0492012Revenue 2013: $50,511,421Expenses 2013: $41,541,677Net Income 2013: $8,969,7442013Revenue 2014: $56,169,788Expenses 2014: $44,113,011Net Income 2014: $12,056,7772014Revenue 2015: $63,915,965Expenses 2015: $50,184,443Net Income 2015: $13,731,5222015Revenue 2016: $72,113,303Expenses 2016: $61,498,176Net Income 2016: $10,615,1272016Revenue 2017: $77,870,168Expenses 2017: $72,576,334Net Income 2017: $5,293,8342017Revenue 2018: $87,508,229Expenses 2018: $71,395,261Net Income 2018: $16,112,9682018Revenue 2019: $94,853,020Expenses 2019: $78,934,216Net Income 2019: $15,918,8042019Revenue 2020: $93,796,292Expenses 2020: $86,973,420Net Income 2020: $6,822,8722020Revenue 2021: $1,210,709Expenses 2021: $1,171,561Net Income 2021: $39,1482021

Highlighted filing

2017

Revenue$77,870,168
Expenses$72,576,334
Net Income$5,293,834
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$126,986,548
Mission and Program Overview

Mission

The organization is a state chartered credit union that serves members who live or work in massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,050,549,935$1,165,616,577▲ $115,066,642
Investments in Publicly Traded Securities$373,928,068$377,596,217▲ $3,668,149
Rtn Earn Endowment Incm Other Fnds$152,569,718$160,049,791▲ $7,480,073
Land, Buildings, and Equipment, Net$18,778,257$18,924,202▲ $145,945
Investments Other Securities$19,215,802$18,479,014▼ $736,788
Cash and Non-Interest-Bearing Accounts$12,142,780$15,103,452▲ $2,960,672
Prepaid Expenses and Deferred Charges$11,428,180$13,951,477▲ $2,523,297
Pd in Cap Srpls Land Bldg Eqp Fund$8,301,403$8,301,403→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,501,397,830$1,635,615,637▲ $134,217,807
Other Assets Total$15,354,808$25,944,698▲ $10,589,890
Liabilities
Other Liabilities$1,340,526,709$1,467,264,443▲ $126,737,734
Total Liabilities$1,340,526,709$1,467,264,443▲ $126,737,734
Net Assets / Fund Balance
Total Net Assets Fund Balance$160,871,121$168,351,194▲ $7,480,073
Total Liabilities and Net Assets / Fund Balance$1,501,397,830$1,635,615,637▲ $134,217,807

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,170,587$9,897,729$20,068,316
Equipment$2,331,214$4,042,528$6,373,742
Land$5,008,910-$5,008,910
Other Land Buildings$1,047,729-$1,047,729
Leasehold Improvements$365,762$417,620$783,382
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas J PetersenPresident/CEOFT$440,380$353,477$793,857
Sandra Sagehorn ElliottExecutive Vice PresidentFT$249,667$202,628$452,295
David EarlsRegistered Ins & Inv RepFT$349,388$54,875$404,263
Mark FantasiaVP Insurance & InvestmentFT$349,509$48,811$398,320
J Timothy SmithSVP - CFO & TreasurerFT$207,258$179,967$387,225
William MullinSVP Bus Banking & Comm LenFT$236,787$45,558$282,345
Thomas J GraySVP of LendingFT$167,594$102,239$269,833
John M DoolinSVP of Human ResourcesFT$164,314$70,130$234,444
Robert S LockettCSO & SVP Diversified ServFT$154,749$67,063$221,812
Michael J DembowskiSVP of Oper, Tech & CompliFT$139,822$76,459$216,281
Joanne WhiteSVP Information TechnologyFT$156,303$48,329$204,632
Robert P GalloAvp Commercial LendingFT$166,813$37,636$204,449
John C Doyle Jr Ended 1017SVP of Retail ServicesFT$122,449$72,567$195,016
Beckie Lynn PerlupoController/assistant TreasFT$116,858$52,477$169,335
Leonard CannonFinancial AdvisorFT$121,402$44,901$166,303

Board Members and Trustees

NameTitle
Melissa FetterhoffDirector/audit Comm Chair
Eric D ShapiroDirector/chairman
Raymond J MartinoDirector/vice Chairman
James E RouseDirector
John S FordDirector
Marina M RaherDirector
Mary Ann AshtonDirector
Nilesh GundaDirector
Robert MarkleyDirector
Mary HeafyDirector/clerk

Highest Paid Contractors

ContractorServicesLocationCompensation
AdrenalineMarketingPO BOX 6229, Carol Stream, IL 60197$447,083
Bennett Building CorpFacilities12 MAIN ST 2ND FL, Leominster, MA 01453$340,538
Insegment INCMarketing300 WASHINGTON ST STE 850, Newton, MA 02458$307,470
Idea Agency INCMarketing420 MAIN STREET, Sturbridge, MA 01566$210,362
Mckenzie EngineeringFacilities305 WHITNEY ST, Leominster, MA 01453$198,625
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$66,863,349
Investment Income
$10,789,893
Other Revenue
$216,926
Change in Net Assets
$5,293,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$77,653,242
Revenue Not Reported on Financial Statements
$216,926
Revenue Not Reported on Form 990
$2,186,239
Other Revenue Adjustments
$216,926
Total Revenue per Audited Statements
$79,839,481
Total Revenue per Form 990
$77,870,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,769,491
Salaries, Compensation, and Employee Benefits$26,806,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$17,614,208
Interest---$14,565,749
Information Technology---$3,762,785
Office Expenses---$3,641,190
Other Employee Benefits---$3,141,827
Current Officers, Directors, Trustees, and Key Employees---$2,691,501
Occupancy---$2,392,158
Depreciation Depletion---$2,172,405
Advertising---$1,867,745
Pension Plan Contributions---$1,818,567
Payroll Taxes---$1,540,740
Fees for Services Other---$1,500,068
Fees for Services Legal---$516,308
Conferences and Meetings---$290,562
Travel---$258,582
Insurance---$185,060
Fees for Services Accounting---$175,603
All Other Expenses---$152,194
Other Expenses---$101,845
Total Functional Expenses$0$0$0$72,576,334

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$72,576,334
Total Expenses per Form 990$72,576,334
Total Expenses per Audited Statements$72,359,408
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-216,926
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
Share and Deposit Accounts$1,111,870,685
Long Term Debt$330,740,971
Short Term Borrowings$14,200,000
Other Liabilities$10,452,787
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Workers' credit union is a state-chartered community credit union. Our field of membership allows us to accept members who either reside in massachusetts or work for a company that is based in massachusetts.

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

The members vote for the board of directors at the annual meeting and on all business brought before the members.

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

The members vote for the board of directors at the annual meeting and on all business brought before the members.

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

The board of directors has delegated the responsibility of reviewing the form 990 to the ceo and cfo. The form 990 is made available to any board member who requests it.

Form 990, Part VI, Section B, Line 12C

There is a written conflict of interest policy for all board members and all employees. All employees and board members are required to sign off on a code of conduct policy annually which addresses conflicts of interest. The board reviews all conflicts to assure that all conflicts are resolved.

Form 990, Part VI, Section B, Line 15

The board reviews and approves the employment contract of the ceo annually. The board uses comparables with other like financial institutions along with job performance factors to determine compensation.

Form 990, Part VI, Section C, Line 19

The credit union makes available all governing documents and form 990 to anyone who asks for it. A copy of the statement of condition is posted in all banking lobbies annually.

990, Part VI, Section B, Lines 16A & 16B - Joint Ventures

The credit union has invested in several joint ventures. These cusos are approved for investing only after careful review of the economics and how the investment will help the credit union deliver more financial services to its members. Please refer to schedule r for details.

Filing and Contact Details

Filer

Filer Name
WORKERS' CREDIT UNION
EIN
04-2079901
Phone
9783451021
Address
815 MAIN STREET, FITCHBURG, MA 01420-0900

Signing Officer

Name
J Timothy Smith
Title
SVP CFO & Treasurer
Phone
9783451021
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Timothy Smith
Formed
1914
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
10
Employees
352
Volunteers
10

Preparer

Firm
Wolf & Company Pc
Address
99 HIGH STREET 21ST FLOOR, BOSTON, MA 02110
Preparer
Harry a Kalajian Jr CPA
Phone
6174399700
Supplemental Narrative

Additional Explanations

990, Part IV, Line 26 - Officer & Director Loans

Some of the officers and directors have loans outstanding with the credit union. These loans were obtained in the ordinary course of business of the credit union on the same terms as are available to all members. Persuant to instructions for schedule l, these loans are not reportable on schedule l.

Financial Statement Notes

PART X, LINE 2:

The credit union is exempt, by statute, from federal taxes on income related to the exempt purpose of the credit union. Tax positions taken or expected to be taken, including the position that the credit union qualifies as a tax exempt entity, are required to be evaluated to determine whether the tax positions are "more-likely-than-not" to be upheld under regulatory review. Tax positions not deemed to meet the more-likely-than-not threshold would be accrued and disclosed in the consolidated financial statements. There are no uncertain tax positions that require accrual or disclosure at december 31, 2017 or 2016.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental income was reclassified to income from expense. 216,926.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental income was reclassified to income from expense -216,926.

Raw XML AppendixShowing 400 of 939 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/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11104482
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1218606
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1322279
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1416173
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1531321
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1628679
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1728039
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt18105804
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1915977
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2029230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2133614
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2222014
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2322261
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2422033
IRS990/Form990PartVIISectionAGrp/PersonNm0DOUGLAS J PETERSEN
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN S FORD
IRS990/Form990PartVIISectionAGrp/PersonNm2MARINA M RAHER
IRS990/Form990PartVIISectionAGrp/PersonNm3ERIC D SHAPIRO
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY ANN ASHTON
IRS990/Form990PartVIISectionAGrp/PersonNm5NILESH GUNDA
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES E ROUSE
IRS990/Form990PartVIISectionAGrp/PersonNm7RAYMOND J MARTINO
IRS990/Form990PartVIISectionAGrp/PersonNm8MELISSA FETTERHOFF
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY HEAFY
IRS990/Form990PartVIISectionAGrp/PersonNm10ROBERT MARKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm11J TIMOTHY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm12JOHN M DOOLIN
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL J DEMBOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN C DOYLE JR ENDED 1017
IRS990/Form990PartVIISectionAGrp/PersonNm15THOMAS J GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm16WILLIAM MULLIN
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT S LOCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm18SANDRA SAGEHORN ELLIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm19JOANNE WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID EARLS
IRS990/Form990PartVIISectionAGrp/PersonNm21MARK FANTASIA
IRS990/Form990PartVIISectionAGrp/PersonNm22ROBERT P GALLO
IRS990/Form990PartVIISectionAGrp/PersonNm23BECKIE LYNN PERLUPO
IRS990/Form990PartVIISectionAGrp/PersonNm24LEONARD CANNON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0598978
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11282743
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12215838
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13194002
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14178843
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15238512
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16253666
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17193773
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18346491
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19188655
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20375033
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21364706
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22182435
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23147074
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24144270
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR/VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR/AUDIT COMM CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR/CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP - CFO & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP OF HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP OF OPER, TECH & COMPLI
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP OF RETAIL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVP BUS BANKING & COMM LEN
IRS990/Form990PartVIISectionAGrp/TitleTxt17CSO & SVP DIVERSIFIED SERV
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19SVP INFORMATION TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt20REGISTERED INS & INV REP
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP INSURANCE & INVESTMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22AVP COMMERCIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt23CONTROLLER/ASSISTANT TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt24FINANCIAL ADVISOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01914
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0740479
IRS990/GainOrLossGrp/SecuritiesAmt01092765
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0740479
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt050209145
IRS990/GrossReceiptsAmt0126986548
IRS990/GrossRentsGrp/RealAmt0216926
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt026
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt03762785
IRS990/InsuranceGrp/TotalAmt0185060
IRS990/InterestGrp/TotalAmt014565749
IRS990/InvestmentIncomeGrp/ExclusionAmt08956649
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08956649
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt019215802
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt018479014
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0373928068
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0377596217
IRS990/IRPDocumentCnt083553
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014357877
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018778257
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018924202
IRS990/LandBldgEquipCostOrOtherBssAmt033282079
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt049116380
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION IS A STATE CHARTERED CREDIT UNION THAT SERVES MEMBERS WHO LIVE OR WORK IN MASSACHUSETTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0160871121
IRS990/NetAssetsOrFundBalancesEOYAmt0168351194
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01427661
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01833244
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0405583
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0216926
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0216926
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02186239
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02392158
IRS990/OfficeExpensesGrp/TotalAmt03641190
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015354808
IRS990/OtherAssetsTotalGrp/EOYAmt025944698
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03141827
IRS990/OtherExpensesGrp/Desc0LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES, MEMBERSHIPS, SUBS
IRS990/OtherExpensesGrp/Desc3AUTOMOBILE EXPENSE
IRS990/OtherExpensesGrp/TotalAmt012737176
IRS990/OtherExpensesGrp/TotalAmt11192403
IRS990/OtherExpensesGrp/TotalAmt2257658
IRS990/OtherExpensesGrp/TotalAmt3101845
IRS990/OtherLiabilitiesGrp/BOYAmt01340526709
IRS990/OtherLiabilitiesGrp/EOYAmt01467264443
IRS990/OtherSalariesAndWagesGrp/TotalAmt017614208
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01050549935
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01165616577
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01540740
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt08301403
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt08301403
IRS990/PensionPlanContributionsGrp/TotalAmt01818567
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011428180
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013951477
IRS990/PrincipalOfficerNm0J TIMOTHY SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES
IRS990/ProgramServiceRevenueGrp/Desc2ATM SURCHARGES/SHARED BRANCHING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt048449117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118305382
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048449117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118305382
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2108850
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0108850
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013656323
IRS990/PYOtherExpensesAmt040033205
IRS990/PYOtherRevenueAmt0727297
IRS990/PYProgramServiceRevenueAmt057729683

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.00$0.00$0.00$1.21$1.17$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,996$1,784$212$93.8$87.0$6.82
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,871$1,674$197$94.9$78.9$15.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,798$1,620$177$87.5$71.4$16.1
2017Detailed filing. Detailed filing data is available for this year.$1,636$1,467$168$77.9$72.6$5.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,501$1,341$161$72.1$61.5$10.6
2015Detailed filing. Detailed filing data is available for this year.$1,312$1,159$153$63.9$50.2$13.7
2014Detailed filing. Detailed filing data is available for this year.$1,151$1,009$142$56.2$44.1$12.1
2013Detailed filing. Detailed filing data is available for this year.$1,038$910$128$50.5$41.5$8.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$913$792$122$38.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$831$719$111$37.8
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$799$698$101$39.0
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)14 • $1B+ nonprofits