Civic Intelligence

Quincy Credit Union

EIN 04-2314232 • 501(c)14 • Quincy, MA

Profile

Provide our members the best financial services possible in order to successfully satisfy their financials needs and requirements.

100 Quincy AveQuincy, MA 02169

www.qcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.90x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

19.38x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

85th percentile

$684,580

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Asset Growth

13th percentile

-2.7%

Faster asset growth than 13% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

1.4%

Faster revenue growth than 11% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$693,345,692

Down $18,889,109 (-2.7%) from 2023

Liabilities

Down

$623,628,340

Down $26,012,083 (-4.0%) from 2023

Net Assets

Up

$69,717,352

Up $7,122,974 (+11%) from 2023

Revenue

Up

$32,183,871

Up $443,598 (+1.4%) from 2023

Expenses

Up

$28,674,666

Up $3,615,687 (+14%) from 2023

Net Income

Down

$3,509,205

Down $3,172,089 (-47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2010: $384,640,334Liabilities 2010: $337,331,282Net Assets 2010: $47,309,0522010Assets 2011: $413,588,336Liabilities 2011: $362,926,463Net Assets 2011: $50,661,8732011Assets 2012: $432,140,143Liabilities 2012: $377,829,838Net Assets 2012: $54,310,3052012Assets 2013: $446,131,225Liabilities 2013: $390,367,659Net Assets 2013: $55,763,5662013Assets 2014: $456,498,931Liabilities 2014: $397,269,700Net Assets 2014: $59,229,2312014Assets 2015: $474,368,393Liabilities 2015: $413,032,217Net Assets 2015: $61,336,1762015Assets 2016: $498,679,478Liabilities 2016: $433,600,377Net Assets 2016: $65,079,1012016Assets 2017: $516,458,284Liabilities 2017: $447,410,469Net Assets 2017: $69,047,8152017Assets 2018: $523,534,591Liabilities 2018: $450,133,806Net Assets 2018: $73,400,7852018Assets 2019: $574,972,970Liabilities 2019: $496,746,762Net Assets 2019: $78,226,2082019Assets 2020: $669,035,288Liabilities 2020: $585,604,037Net Assets 2020: $83,431,2512020Assets 2021: $736,275,717Liabilities 2021: $654,014,263Net Assets 2021: $82,261,4542021Assets 2022: $710,026,576Liabilities 2022: $652,079,281Net Assets 2022: $57,947,2952022Assets 2023: $712,234,801Liabilities 2023: $649,640,423Net Assets 2023: $62,594,3782023Assets 2024: $693,345,692Liabilities 2024: $623,628,340Net Assets 2024: $69,717,3522024

Highlighted filing

2024

Assets$693,345,692
Liabilities$623,628,340
Net Assets$69,717,352

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Expenses 2010: $15,441,2932010Expenses 2011: $12,742,8972011Expenses 2012: $12,030,3632012Revenue 2013: $14,700,918Expenses 2013: $12,027,984Net Income 2013: $2,672,9342013Revenue 2014: $14,639,933Expenses 2014: $12,011,833Net Income 2014: $2,628,1002014Revenue 2015: $15,077,017Expenses 2015: $12,538,203Net Income 2015: $2,538,8142015Revenue 2016: $16,445,653Expenses 2016: $12,588,285Net Income 2016: $3,857,3682016Revenue 2017: $17,797,392Expenses 2017: $13,693,679Net Income 2017: $4,103,7132017Revenue 2018: $19,516,367Expenses 2018: $14,986,177Net Income 2018: $4,530,1902018Revenue 2019: $21,177,523Expenses 2019: $17,267,381Net Income 2019: $3,910,1422019Revenue 2020: $19,697,044Expenses 2020: $16,802,152Net Income 2020: $2,894,8922020Revenue 2021: $20,097,786Expenses 2021: $16,041,014Net Income 2021: $4,056,7722021Revenue 2022: $23,310,386Expenses 2022: $18,310,153Net Income 2022: $5,000,2332022Revenue 2023: $31,740,273Expenses 2023: $25,058,979Net Income 2023: $6,681,2942023Revenue 2024: $32,183,871Expenses 2024: $28,674,666Net Income 2024: $3,509,2052024

Highlighted filing

2024

Revenue$32,183,871
Expenses$28,674,666
Net Income$3,509,205

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$693$624$69.7$32.2$28.7$3.51
2023Detailed filing. Detailed filing data is available for this year.$712$650$62.6$31.7$25.1$6.68
2022Detailed filing. Detailed filing data is available for this year.$710$652$57.9$23.3$18.3$5.00
2021Detailed filing. Detailed filing data is available for this year.$736$654$82.3$20.1$16.0$4.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$669$586$83.4$19.7$16.8$2.89
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$575$497$78.2$21.2$17.3$3.91
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$524$450$73.4$19.5$15.0$4.53
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$516$447$69.0$17.8$13.7$4.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$499$434$65.1$16.4$12.6$3.86
2015Detailed filing. Detailed filing data is available for this year.$474$413$61.3$15.1$12.5$2.54
2014Detailed filing. Detailed filing data is available for this year.$456$397$59.2$14.6$12.0$2.63
2013Detailed filing. Detailed filing data is available for this year.$446$390$55.8$14.7$12.0$2.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$432$378$54.3$12.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$414$363$50.7$12.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$385$337$47.3$15.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.0
Gross Receipts
$32,183,871
Mission and Program Overview

Mission

Provide our members the best financial services possible in order to successfully satisfy their financial needs and requirements.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$437,176,673$443,334,926▲ $6,158,253
Investments in Publicly Traded Securities$208,186,546$182,303,947▼ $25,882,599
Savings and Temporary Cash Investments$36,079,164$36,733,355▲ $654,191
Land, Buildings, and Equipment, Net$13,205,293$13,337,226▲ $131,933
Prepaid Expenses and Deferred Charges$9,348,687$9,316,127▼ $32,560
Receivables From Officers Etc$3,800,000$3,843,303▲ $43,303
Cash and Non-Interest-Bearing Accounts$3,237,266$3,429,763▲ $192,497
Investments Other Securities$879,300$879,300→ $0
Accounts Receivable$321,872$167,745▼ $154,127
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$712,234,801$693,345,692▼ $18,889,109
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$642,726,618$622,068,135▼ $20,658,483
Accounts Payable and Accrued Expenses$6,913,805$1,560,205▼ $5,353,600
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$649,640,423$623,628,340▼ $26,012,083
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$62,594,378$69,717,352▲ $7,122,974
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$62,594,378$69,717,352▲ $7,122,974
Total Liabilities and Net Assets / Fund Balance$712,234,801$693,345,692▼ $18,889,109

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,224,826$6,626,470$0
Other Land Buildings$0$0$0
Land$3,133,215-$0
Equipment$979,185$2,695,390$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John MillerCEOFT$480,000$142,281$622,281
Steven KunkelChief Operations OfficerFT$241,314$34,702$276,016
Denise FillisCFO / TreasurerFT$208,988$49,018$258,006
Matthew LindblomChief Technology OfficerFT$191,610$59,405$251,015
Sean DunnCLOFT$187,320$36,816$224,136
Paul KeenanChairmanPT$10,008$2,329$12,337
Michael ConnersClerkPT$10,008$1,856$11,864
Stewart SteeleDirector--$8,955$8,955
John ScribiDirector--$3,939$3,939
Ernest ArientiVice Chairman--$3,581$3,581
William BarronDirector--$1,859$1,859
Harold GoodwinDirector--$1,856$1,856
John BarberDirector--$1,856$1,856
Michael GranahanDirector--$1,856$1,856
Michael HobinDirector--$1,856$1,856
Paul DaleyDirector--$1,856$1,856
Paul O'ConnellAsst Treasurer--$1,856$1,856
Robert HannaDirector--$1,856$1,856
William PhelanDirector--$1,856$1,856
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$26,465,964
Investment Income
$5,327,767
Other Revenue
$390,140
Change in Net Assets
$3,509,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,179,444
Salaries, Compensation, and Employee Benefits$8,563,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$9,931,626
Other Salaries and Wages---$5,423,115
Information Technology---$4,179,113
Office Expenses---$1,796,200
Other Employee Benefits---$1,116,128
Advertising---$1,055,357
Current Officers, Directors, Trustees, and Key Employees---$900,302
Other Expenses---$864,302
Depreciation Depletion---$687,129
Pension Plan Contributions---$647,589
Payroll Taxes---$476,462
Conferences and Meetings---$252,918
Fees for Services Accounting---$115,472
Insurance---$113,334
Total Functional Expenses$0$0$0$28,674,666
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$3,800,000$3,843,303▲ $43,303
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$622,068,135
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two directors have a business relationship in the form of a joint real estate venture.

Form 990, Part VI, Section A, Line 6

The Credit Union is member owned.

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

The members have the power to elect or appoint the governing body.

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

Before filing, the 990 is provided to the directors at the monthly board meeting and the Board is required to approve it for filing.

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

Accounts & Transactions are reviewed regularly for compliance. All reports/claims are investigated. Policy is received and signed by all employees on an annual basis to ensure they will conduct their business affairs with high standards of honesty and integrity. Violations of the policy are subject to disciplinary action up to and including termination.

Form 990, Part VI, Section B, Line 15

Officers' compensation is approved by the Board of Directors and is derived by industry standards.

Form 990, Part VI, Section C, Line 19

Financial Statements are posted in the Main Office lobby and on NCUA website. Bylaws are available to members upon request. Form 990 is available upon request.

Filing and Contact Details

Filer

Filer Name
Quincy Credit Union
EIN
04-2314232
Phone
6174795558
Address
100 Quincy Ave, Quincy, MA 02169

Signing Officer

Name
Denise Fillis
Title
CFO
Phone
6178044605
Signed
2025-10-29

Organization Details

Principal Officer
John Miller
Formed
1937
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
12
Employees
103
Volunteers
14
Raw XML AppendixShowing 400 of 635 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
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IRS990/Form990PartVIISectionAGrp/PersonNm0John Miller
IRS990/Form990PartVIISectionAGrp/PersonNm1Denise Fillis
IRS990/Form990PartVIISectionAGrp/PersonNm2Steven Kunkel
IRS990/Form990PartVIISectionAGrp/PersonNm3Matthew Lindblom
IRS990/Form990PartVIISectionAGrp/PersonNm4Sean Dunn
IRS990/Form990PartVIISectionAGrp/PersonNm5Paul Keenan
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael Conners
IRS990/Form990PartVIISectionAGrp/PersonNm7Stewart Steele
IRS990/Form990PartVIISectionAGrp/PersonNm8John Scribi
IRS990/Form990PartVIISectionAGrp/PersonNm9Ernest Arienti
IRS990/Form990PartVIISectionAGrp/PersonNm10William Barron
IRS990/Form990PartVIISectionAGrp/PersonNm11Harold Goodwin
IRS990/Form990PartVIISectionAGrp/PersonNm12William Phelan
IRS990/Form990PartVIISectionAGrp/PersonNm13Michael Hobin
IRS990/Form990PartVIISectionAGrp/PersonNm14Michael Granahan
IRS990/Form990PartVIISectionAGrp/PersonNm15Robert Hanna
IRS990/Form990PartVIISectionAGrp/PersonNm16John Barber
IRS990/Form990PartVIISectionAGrp/PersonNm17Paul Daley
IRS990/Form990PartVIISectionAGrp/PersonNm18Paul O'Connell
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1258005
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2276016
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3251015
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt610008
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Chief Technology Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLO
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Asst Treasurer
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