Civic Intelligence

Premier Source Credit Union

990 • Fiscal year 2018 • EIN 04-2444639

Jan 01, 2018 to Dec 31, 2018 • Filed on May 21, 2019

Organization ProfileWWW.BANKATPREMIERSOURCE.COM

View Organization Page

232 North Main StreetEast Longmeadow, MA 01028

(413) 525-2002

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.87x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

16.77x

Higher debt load relative to revenue than 43% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

16th percentile

3.2%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

56th percentile

$149,267

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

9th percentile

-3.1%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$62,230,796

Down $1,999,666 (-3.1%) from 2017

Net Assets

Down

$8,300,222

Down $120,901 (-1.4%) from 2017

Liabilities

Down

$53,930,574

Down $1,878,765 (-3.4%) from 2017

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin16th percentile

Revenue

Up

$3,216,300

Up $294,113 (+10%) from 2017

Expenses

Up

$3,113,247

Up $61,486 (+2.0%) from 2017

Net Income

Up

$103,053

Up $232,627 (+180%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$80M$60M$40M$20M$0Assets 2010: $36,383,351Liabilities 2010: $32,812,928Net Assets 2010: $3,570,4232010Assets 2011: $37,599,860Liabilities 2011: $33,839,895Net Assets 2011: $3,759,9652011Assets 2012: $39,532,714Liabilities 2012: $35,484,699Net Assets 2012: $4,048,0152012Assets 2013: $67,791,099Liabilities 2013: $58,362,838Net Assets 2013: $9,428,2612013Assets 2014: $68,803,253Liabilities 2014: $59,350,885Net Assets 2014: $9,452,3682014Assets 2015: $69,865,283Liabilities 2015: $60,851,540Net Assets 2015: $9,013,7432015Assets 2016: $68,037,618Liabilities 2016: $59,529,839Net Assets 2016: $8,507,7792016Assets 2017: $64,230,462Liabilities 2017: $55,809,339Net Assets 2017: $8,421,1232017Assets 2018: $62,230,796Liabilities 2018: $53,930,574Net Assets 2018: $8,300,2222018

Highlighted filing

2018

Assets$62,230,796
Liabilities$53,930,574
Net Assets$8,300,222
Open 2018 Filing

Operations Trend

Revenue Growth56th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,072,3802010Expenses 2011: $2,027,3422011Revenue 2012: $2,266,925Expenses 2012: $1,983,617Net Income 2012: $283,3082012Revenue 2013: $3,103,170Expenses 2013: $2,610,050Net Income 2013: $493,1202013Revenue 2014: $3,080,473Expenses 2014: $3,326,387Net Income 2014: -$245,9142014Revenue 2015: $3,020,018Expenses 2015: $3,319,009Net Income 2015: -$298,9912015Revenue 2016: $2,930,355Expenses 2016: $3,284,984Net Income 2016: -$354,6292016Revenue 2017: $2,922,187Expenses 2017: $3,051,761Net Income 2017: -$129,5742017Revenue 2018: $3,216,300Expenses 2018: $3,113,247Net Income 2018: $103,0532018

Highlighted filing

2018

Revenue$3,216,300
Expenses$3,113,247
Net Income$103,053
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 21, 2019
Return Version
2018v3.1
Gross Receipts
$3,233,791
Mission and Program Overview

Mission

Credit union - thrift services

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$34,452,749$36,271,320▲ $1,818,571
Investments in Publicly Traded Securities$13,983,252$11,550,876▼ $2,432,376
Savings and Temporary Cash Investments$11,500,061$10,356,699▼ $1,143,362
Land, Buildings, and Equipment, Net$2,085,691$1,943,245▼ $142,446
Cash and Non-Interest-Bearing Accounts$642,517$837,654▲ $195,137
Investments Other Securities$128,900$683,488▲ $554,588
Receivables From Officers Etc$264,013$207,792▼ $56,221
Prepaid Expenses and Deferred Charges$130,909$92,888▼ $38,021
Total Assets$64,230,462$62,230,796▼ $1,999,666
Other Assets Total$1,042,370$286,834▼ $755,536
Liabilities
Other Liabilities$55,715,134$53,765,705▼ $1,949,429
Accounts Payable and Accrued Expenses$94,205$164,869▲ $70,664
Total Liabilities$55,809,339$53,930,574▼ $1,878,765
Net Assets / Fund Balance
Unrestricted Net Assets$8,421,123$8,300,222▼ $120,901
Total Net Assets Fund Balance$8,421,123$8,300,222▼ $120,901
Total Liabilities and Net Assets / Fund Balance$64,230,462$62,230,796▼ $1,999,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,251,860$655,690$1,907,550
Equipment$121,474$410,985$532,459
Land$481,503-$481,503
Other Land Buildings$87,276$102,850$190,126
Leasehold Improvements$1,132$19,919$21,051
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bonnie RaymondC.e.o.FT$134,245$15,022$149,267

Board Members and Trustees

NameTitle
Richard GrabiecChairman
George ReichVice Chairman
Andrew NetherwoodDirector
Barbara CharestDirector
David KrugerDirector
Doug MellisDirector
Joseph FranciscoDirector
Judy JacksonDirector
Madhu ShahDirector
Paul FedericiDirector
Susan GouletDirector
Sandra WoodrowClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,640,570
Investment Income
$543,148
Other Revenue
$32,582
Change in Net Assets
$103,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,216,300
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,491
Total Revenue per Audited Statements
$3,233,791
Total Revenue per Form 990
$3,216,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,872,949
Salaries, Compensation, and Employee Benefits$1,238,298
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$873,377
Fees for Services Other---$621,581
Office Expenses---$295,557
Interest---$241,942
Current Officers, Directors, Trustees, and Key Employees---$149,266
Depreciation Depletion---$146,601
Advertising---$140,823
Occupancy---$138,103
Payroll Taxes---$104,087
Other Employee Benefits---$87,955
Other Expenses---$33,799
Pension Plan Contributions---$23,613
Fees for Services Legal---$19,030
Fees for Services Accounting---$18,900
Travel---$10,015
All Other Expenses---$9,261
Conferences and Meetings---$2,150
Grants to Domestic Individuals---$2,000
Total Functional Expenses$0$0$0$3,113,247

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,130,738
Expenses per Audited Statements$3,113,247
Total Expenses per Form 990$3,113,247
Expenses Not Reported on Form 990$17,491
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$264,013$207,792▼ $56,221
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares and Savings Accounts$53,765,705
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

“Persons who meet the requirements of the organizations field of membership who hold at least one share of capital”

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

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

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

“Any changes to the incorporating documents are approved by the membership”

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

“Responsible party reviews form 990; copy is provided to audit comittee prior to completion. Final numbers are reconciled to audited financial statements.”

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

“Enforcement of conflicts policy annual review by committee”

Form 990, Part VI, Section B, Line 15

“Line 15a - compensation process for top officials the credit union determines the grade level and salary structure by utilizing management associations of america (maa) national position evaluation plan for exempt and non exempt employees. On an annual basis, the grade level salaries are reviewed for increases using industry standards. The final salary budget is then presented to the board of directors of final approval during the annual budget review. Line 15b - compensation process for officers the credit union determines the grade level and salary structure by utilizing management associations of america (maa) national position evaluation plan for exempt and non exempt employees. On an anual basis, the grade level salaries are reviewed for increases using industry standards. The final salary budget is then presented to the board of directors for approval during the annual budget review.”

Form 990, Part VI, Section C, Line 19

“The financial statements are posted in each credit union's office lobby at each month end. Governing policies and documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Premier Source Credit Union
EIN
04-2444639
Phone
4135252002
Address
232 NORTH MAIN STREET, EAST LONGMEADOW, MA 01028

Signing Officer

Name
Bonnie J Raymond
Title
Chief Executive Officer
Phone
4135252002
Signed
2019-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie J Raymond
Formed
1941
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
25
Volunteers
12

Preparer

Firm
Gerald T Reilly & Company
Address
424 ADAMS STREET, MILTON, MA 02186
Preparer
THOMAS O'CONNOR CPA
Phone
6176968900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“OTHER 621,581.”

Form 990, Part XII, Line 2C

“There has been no change in the process. The audit committee is charged with the responsibiltiy for the selection of the audit firms and oversight of the audit. In addition., the audit committee is responsible for reviewing and approving the audited financial statements on behalf of the credit union.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 17,491.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 17,491.”

Raw XML AppendixShowing 400 of 442 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/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0138103
IRS990/OfficeExpensesGrp/TotalAmt0295557
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01042370
IRS990/OtherAssetsTotalGrp/EOYAmt0286834
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt087955
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3EMPLOYEE EDUCATION
IRS990/OtherExpensesGrp/TotalAmt0100535
IRS990/OtherExpensesGrp/TotalAmt152508
IRS990/OtherExpensesGrp/TotalAmt242144
IRS990/OtherExpensesGrp/TotalAmt333799
IRS990/OtherLiabilitiesGrp/BOYAmt055715134
IRS990/OtherLiabilitiesGrp/EOYAmt053765705
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/Desc0NON MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09279
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt09279
IRS990/OtherRevenueTotalAmt09279
IRS990/OtherSalariesAndWagesGrp/TotalAmt0873377
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0104087
IRS990/PensionPlanContributionsGrp/TotalAmt023613
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0130909
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt092888
IRS990/PrincipalOfficerNm0BONNIE J RAYMOND
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01924404
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1716166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01924404
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1716166
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt02000
IRS990/PYInvestmentIncomeAmt0524221
IRS990/PYOtherExpensesAmt01889528
IRS990/PYOtherRevenueAmt0640108
IRS990/PYProgramServiceRevenueAmt01757858
IRS990/PYRevenuesLessExpensesAmt0-129574
IRS990/PYSalariesCompEmpBnftPaidAmt01160233
IRS990/PYTotalExpensesAmt03051761
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02922187
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0264013
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0207792
IRS990/ReconcilationRevenueExpnssAmt0103053
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt023303
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011500061
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010356699
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01251860
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0655690
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01907550
IRS990ScheduleD/EquipmentGrp/BookValueAmt0121474
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0410985
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0532459
IRS990ScheduleD/ExpensesNotReportedAmt017491
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03113247
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt0481503
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0481503
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01132
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019919
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt021051
IRS990ScheduleD/OtherExpensesIncludedAmt017491
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt087276
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0102850
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0190126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053765705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARES AND SAVINGS ACCOUNTS
IRS990ScheduleD/OtherRevenueAmt017491
IRS990ScheduleD/RevenueNotReportedAmt017491
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03216300
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSE 17,491.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSE 17,491.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01943245
IRS990ScheduleD/TotalExpensesPerForm990Amt03113247
IRS990ScheduleD/TotalLiabilityAmt053765705
IRS990ScheduleD/TotalRevenuePerForm990Amt03216300
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03233791
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03130738
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0207792
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0VARIOUS OFFICER & DIRECTOR LOANS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0375550
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICERS & DIRECTORS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0207792
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF CAPITAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CHANGES TO THE INCORPORATING DOCUMENTS ARE APPROVED BY THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RESPONSIBLE PARTY REVIEWS FORM 990; COPY IS PROVIDED TO AUDIT COMITTEE PRIOR TO COMPLETION. FINAL NUMBERS ARE RECONCILED TO AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCEMENT OF CONFLICTS POLICY ANNUAL REVIEW BY COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIALS THE CREDIT UNION DETERMINES THE GRADE LEVEL AND SALARY STRUCTURE BY UTILIZING MANAGEMENT ASSOCIATIONS OF AMERICA (MAA) NATIONAL POSITION EVALUATION PLAN FOR EXEMPT AND NON EXEMPT EMPLOYEES. ON AN ANNUAL BASIS, THE GRADE LEVEL SALARIES ARE REVIEWED FOR INCREASES USING INDUSTRY STANDARDS. THE FINAL SALARY BUDGET IS THEN PRESENTED TO THE BOARD OF DIRECTORS OF FINAL APPROVAL DURING THE ANNUAL BUDGET REVIEW. LINE 15B - COMPENSATION PROCESS FOR OFFICERS THE CREDIT UNION DETERMINES THE GRADE LEVEL AND SALARY STRUCTURE BY UTILIZING MANAGEMENT ASSOCIATIONS OF AMERICA (MAA) NATIONAL POSITION EVALUATION PLAN FOR EXEMPT AND NON EXEMPT EMPLOYEES. ON AN ANUAL BASIS, THE GRADE LEVEL SALARIES ARE REVIEWED FOR INCREASES USING INDUSTRY STANDARDS. THE FINAL SALARY BUDGET IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL DURING THE ANNUAL BUDGET REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FINANCIAL STATEMENTS ARE POSTED IN EACH CREDIT UNION'S OFFICE LOBBY AT EACH MONTH END. GOVERNING POLICIES AND DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER 621,581.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THERE HAS BEEN NO CHANGE IN THE PROCESS. THE AUDIT COMMITTEE IS CHARGED WITH THE RESPONSIBILTIY FOR THE SELECTION OF THE AUDIT FIRMS AND OVERSIGHT OF THE AUDIT. IN ADDITION., THE AUDIT COMMITTEE IS RESPONSIBLE FOR REVIEWING AND APPROVING THE AUDITED FINANCIAL STATEMENTS ON BEHALF OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt064230462
IRS990/TotalAssetsEOYAmt062230796
IRS990/TotalAssetsGrp/BOYAmt064230462
IRS990/TotalAssetsGrp/EOYAmt062230796
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/TotalAmt03113247
IRS990/TotalGrossUBIAmt09279
IRS990/TotalLiabilitiesBOYAmt055809339
IRS990/TotalLiabilitiesEOYAmt053930574
IRS990/TotalLiabilitiesGrp/BOYAmt055809339
IRS990/TotalLiabilitiesGrp/EOYAmt053930574
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08421123
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08300222
IRS990/TotalOtherCompensationAmt015022
IRS990/TotalProgramServiceRevenueAmt02640570
IRS990/TotalReportableCompFromOrgAmt0134245
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03207021
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03216300
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09279
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt064230462
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062230796
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt010015
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08421123
IRS990/UnrestrictedNetAssetsGrp/EOYAmt08300222
IRS990/USAddress/AddressLine1Txt0232 NORTH MAIN ST

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$62,230,796
Liabilities
$53,930,574
Net assets
$8,300,222
Revenue
$3,216,300
Expenses
$3,113,247
Net income
$103,053
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$62.2$53.9$8.30$3.22$3.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$64.2$55.8$8.42$2.92$3.05$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.0$59.5$8.51$2.93$3.28$0.35
2015Detailed filing. Detailed filing data is available for this year.$69.9$60.9$9.01$3.02$3.32$0.30
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$68.8$59.4$9.45$3.08$3.33$0.25
2013Detailed filing. Detailed filing data is available for this year.$67.8$58.4$9.43$3.10$2.61$0.49
2012Summary only. Only limited summary data is available for this year.$39.5$35.5$4.05$2.27$1.98$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$33.8$3.76$2.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$32.8$3.57$2.07
Peer Organizations

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