Civic Intelligence

Workers Federal Credit Union Fka

990 • Fiscal year 2018 • EIN 04-2079901

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

Organization ProfileWWW.WCU.COM

View Organization Page

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

70th percentile

0.90x

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

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

18.52x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Net Margin

48th percentile

18%

Higher net margin than 48% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Top Officer Pay

38th percentile

$787,903

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)14 • $1B+ nonprofits • Source year 2018

Asset Growth

73rd percentile

9.9%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

12%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$1,797,705,514

Up $162,089,877 (+9.9%) from 2017

Net Assets

Up

$177,242,783

Up $8,891,589 (+5.3%) from 2017

Liabilities

Up

$1,620,462,731

Up $153,198,288 (+10%) from 2017

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin48th percentile

Revenue

Up

$87,508,229

Up $9,638,061 (+12%) from 2017

Expenses

Down

$71,395,261

Down $1,181,073 (-1.6%) from 2017

Net Income

Up

$16,112,968

Up $10,819,134 (+204%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

2018

Assets$1,797,705,514
Liabilities$1,620,462,731
Net Assets$177,242,783
Open 2018 Filing

Operations Trend

Revenue Growth39th percentile

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

2018

Revenue$87,508,229
Expenses$71,395,261
Net Income$16,112,968
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$121,533,370
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$1,165,616,577$1,307,258,837▲ $141,642,260
Investments in Publicly Traded Securities$377,596,217$383,370,995▲ $5,774,778
Rtn Earn Endowment Incm Other Fnds$160,049,791$168,941,380▲ $8,891,589
Investments Other Securities$18,479,014$33,799,733▲ $15,320,719
Land, Buildings, and Equipment, Net$18,924,202$18,757,398▼ $166,804
Cash and Non-Interest-Bearing Accounts$15,103,452$15,984,857▲ $881,405
Prepaid Expenses and Deferred Charges$13,951,477$14,559,215▲ $607,738
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$1,635,615,637$1,797,705,514▲ $162,089,877
Other Assets Total$25,944,698$23,974,479▼ $1,970,219
Liabilities
Other Liabilities$1,467,264,443$1,620,462,731▲ $153,198,288
Total Liabilities$1,467,264,443$1,620,462,731▲ $153,198,288
Net Assets / Fund Balance
Total Net Assets Fund Balance$168,351,194$177,242,783▲ $8,891,589
Total Liabilities and Net Assets / Fund Balance$1,635,615,637$1,797,705,514▲ $162,089,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,051,159$10,772,864$20,824,023
Equipment$2,078,105$5,194,123$7,272,228
Land$5,008,910-$5,008,910
Other Land Buildings$1,277,360-$1,277,360
Leasehold Improvements$341,864$504,357$846,221
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas J PetersenPresident/CEOFT$469,017$318,886$787,903
Sandra Sagehorn ElliottEvp, COOFT$281,409$181,944$463,353
J Timothy SmithSVP - CFO & TreasurerFT$228,870$167,302$396,172
David EarlsFinancial AdvisorFT$331,937$49,222$381,159
Mark FantasiaVP Retirement Planning & Investment CenterFT$327,981$34,761$362,742
Mark FantasiaVP Retirement Planning & Investment-$326,296$36,446$362,742
William MullinSVP, Comm LendingFT$217,096$93,065$310,161
Thomas J GraySVP LendingFT$202,012$71,575$273,587
Joanne WhiteSVP Information TechnologyFT$180,693$66,619$247,312
Robert S LockettCSO & SVP Diversified ServFT$164,285$62,325$226,610
Mary Jane FitzsimmonsSVP Human Capital (CPO)FT$173,645$45,507$219,152
Robert P GalloVP Commercial LendingFT$149,640$41,333$190,973
Leonard CannonFinancial AdvisorFT$158,299$29,814$188,113

Board Members and Trustees

NameTitle
Eric D ShapiroDirector/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$541,946
Law Offices Of Thomas GibbonsLegal21 PARK STREET, Ayer, MA 01432$420,604
Maugel ArchitectsFacilities200 AYER ROAD, Harvard, MA 01451$375,233
Frank J Maier & AssociatesCollections500 MAIN STREET, Worcester, MA 01608$297,636
Kmb CorpFacilities139 PRATT ROAD, Fitchburg, MA 01420$232,542
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$75,988,499
Investment Income
$11,342,030
Other Revenue
$177,700
Change in Net Assets
$16,112,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$87,330,529
Revenue Not Reported on Financial Statements
$177,700
Revenue Not Reported on Form 990
$-7,221,379
Other Revenue Adjustments
$177,700
Total Revenue per Audited Statements
$80,109,150
Total Revenue per Form 990
$87,508,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,109,556
Salaries, Compensation, and Employee Benefits$30,285,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$20,473,821
Interest---$19,521,514
Office Expenses---$4,513,681
Information Technology---$4,258,080
Other Employee Benefits---$3,783,666
Occupancy---$2,603,441
Current Officers, Directors, Trustees, and Key Employees---$2,277,114
Depreciation Depletion---$2,097,593
Pension Plan Contributions---$2,022,276
Advertising---$2,016,591
Payroll Taxes---$1,728,828
Fees for Services Other---$1,432,151
Fees for Services Legal---$596,692
Conferences and Meetings---$277,004
Fees for Services Accounting---$169,554
Insurance---$164,469
Travel---$164,289
All Other Expenses---$132,106
Other Expenses---$106,671
Total Functional Expenses$0$0$0$71,395,261

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$71,395,261
Total Expenses per Form 990$71,395,261
Total Expenses per Audited Statements$71,217,561
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-177,700
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$1,158,790,460
Long Term Debt$449,785,829
Other Liabilities$11,886,442
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.”

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
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Timothy Smith
Formed
1914
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
367
Volunteers
8

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

FORM 990, PART IV, LINE 26:

“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.”

FORM 990, PART XII, LINE 2C:

“There was no change in the oversight process or selection process during the tax year 2018.”

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, 2018 or 2017.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental income was reclassified to income from expense. 177,700.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental income was reclassified to income from expense -177,700.”

Raw XML AppendixShowing 400 of 824 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/OtherCompensationAmt1820197
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1924228
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN S FORD
IRS990/Form990PartVIISectionAGrp/PersonNm1MARINA M RAHER
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC D SHAPIRO
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES E ROUSE
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY HEAFY
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY ANN ASHTON
IRS990/Form990PartVIISectionAGrp/PersonNm6NILESH GUNDA
IRS990/Form990PartVIISectionAGrp/PersonNm7ROBERT MARKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8DOUGLAS J PETERSEN
IRS990/Form990PartVIISectionAGrp/PersonNm9J TIMOTHY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm10SANDRA SAGEHORN ELLIOTT
IRS990/Form990PartVIISectionAGrp/PersonNm11THOMAS J GRAY
IRS990/Form990PartVIISectionAGrp/PersonNm12JOANNE WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm13ROBERT S LOCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm14MARY JANE FITZSIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm15WILLIAM MULLIN
IRS990/Form990PartVIISectionAGrp/PersonNm16MARK FANTASIA
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVID EARLS
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERT P GALLO
IRS990/Form990PartVIISectionAGrp/PersonNm19LEONARD CANNON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8594354
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9290857
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10357729
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11242698
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12229225
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13198238
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14201326
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15281912
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16327981
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17354548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18170776
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19163885
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR/CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP - CFO & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EVP, COO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP INFORMATION TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt13CSO & SVP DIVERSIFIED SERV
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP HUMAN CAPITAL (CPO)
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP, COMM LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP RETIREMENT PLANNING & INVESTMENT CENTER
IRS990/Form990PartVIISectionAGrp/TitleTxt17FINANCIAL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP COMMERCIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt19FINANCIAL ADVISOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01914
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0278893
IRS990/GainOrLossGrp/SecuritiesAmt0529999
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0278893
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt034555140
IRS990/GrossReceiptsAmt0121533370
IRS990/GrossRentsGrp/RealAmt0177700
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt031
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt04258080
IRS990/InsuranceGrp/TotalAmt0164469
IRS990/InterestGrp/TotalAmt019521514
IRS990/InvestmentIncomeGrp/ExclusionAmt010533138
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010533138
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt018479014
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt033799733
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0377596217
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0383370995
IRS990/IRPDocumentCnt088840
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016471344
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018924202
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018757398
IRS990/LandBldgEquipCostOrOtherBssAmt035228742
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt034025141
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/NetAssetsOrFundBalancesBOYAmt0168351194
IRS990/NetAssetsOrFundBalancesEOYAmt0177242783
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0808892
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0808892
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0177700
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0177700
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-7221379
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02603441
IRS990/OfficeExpensesGrp/TotalAmt04513681
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025944698
IRS990/OtherAssetsTotalGrp/EOYAmt023974479
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03783666
IRS990/OtherExpensesGrp/Desc0LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES, MEMBERSHIPS, SUBS
IRS990/OtherExpensesGrp/Desc3AUTOMOBILE EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01630486
IRS990/OtherExpensesGrp/TotalAmt11157603
IRS990/OtherExpensesGrp/TotalAmt2267631
IRS990/OtherExpensesGrp/TotalAmt3106671
IRS990/OtherLiabilitiesGrp/BOYAmt01467264443
IRS990/OtherLiabilitiesGrp/EOYAmt01620462731
IRS990/OtherSalariesAndWagesGrp/TotalAmt020473821
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01165616577
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01307258837
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01728828
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt08301403
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt08301403
IRS990/PensionPlanContributionsGrp/TotalAmt02022276
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013951477
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014559215
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/RelatedOrExemptFuncIncomeAmt055260347
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120611054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055260347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120611054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2117098
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0117098
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010789893
IRS990/PYOtherExpensesAmt045769491
IRS990/PYOtherRevenueAmt0216926
IRS990/PYProgramServiceRevenueAmt066863349
IRS990/PYRevenuesLessExpensesAmt05293834
IRS990/PYSalariesCompEmpBnftPaidAmt026806843
IRS990/PYTotalExpensesAmt072576334
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt077870168
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt016112968
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0177700
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0160049791
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0168941380
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010051159
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010772864
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020824023
IRS990ScheduleD/EquipmentGrp/BookValueAmt02078105
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05194123
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07272228
IRS990ScheduleD/ExpensesNotReportedAmt0-177700
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt071395261
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05008910
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05008910
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0341864
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0504357
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0846221
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-7221379

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,797,705,514
Liabilities
$1,620,462,731
Net assets
$177,242,783
Revenue
$87,508,229
Expenses
$71,395,261
Net income
$16,112,968
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
2018Detailed filing. Detailed filing data is available for this year.$1,798$1,620$177$87.5$71.4$16.1
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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. 2018 filings • 501(c)14 • $1B+ nonprofits