Civic Intelligence

Tremont Credit Union

990 • Fiscal year 2014 • EIN 04-3414490

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 22, 2015

Organization ProfileWWW.TREMONTCU.ORG

View Organization Page

PO Box 850649Braintree, MA 02185-0649

(781) 843-5626

Siviq Scores

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

Liabilities / Assets

31st percentile

0.88x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

20.50x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Net Margin

19th percentile

4.5%

Higher net margin than 19% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

73rd percentile

$244,680

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2014

Asset Growth

24th percentile

1.1%

Faster asset growth than 24% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

66th percentile

4.4%

Faster revenue growth than 66% of similar nonprofits.

2014 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$166,209,146

Up $1,801,887 (+1.1%) from 2013

Net Assets

Up

$20,110,359

Up $109,235 (+0.5%) from 2013

Liabilities

Up

$146,098,787

Up $1,692,652 (+1.2%) from 2013

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin19th percentile

Revenue

Up

$7,126,060

Up $302,116 (+4.4%) from 2013

Expenses

Down

$6,805,968

Down $199,743 (-2.9%) from 2013

Net Income

Up

$320,092

Up $501,859 (+276%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$300M$200M$100M$0Assets 2010: $169,611,141Liabilities 2010: $148,835,939Net Assets 2010: $20,775,2022010Assets 2011: $164,591,584Liabilities 2011: $144,393,998Net Assets 2011: $20,197,5862011Assets 2012: $161,825,820Liabilities 2012: $141,824,562Net Assets 2012: $20,001,2582012Assets 2013: $164,407,259Liabilities 2013: $144,406,135Net Assets 2013: $20,001,1242013Assets 2014: $166,209,146Liabilities 2014: $146,098,787Net Assets 2014: $20,110,3592014Assets 2015: $170,799,175Liabilities 2015: $150,394,693Net Assets 2015: $20,404,4822015Assets 2016: $172,309,492Liabilities 2016: $151,496,392Net Assets 2016: $20,813,1002016Assets 2017: $174,387,317Liabilities 2017: $152,013,890Net Assets 2017: $22,373,4272017Assets 2018: $184,787,616Liabilities 2018: $161,557,456Net Assets 2018: $23,230,1602018Assets 2019: $203,534,916Liabilities 2019: $178,372,003Net Assets 2019: $25,162,9132019Assets 2020: $240,451,967Liabilities 2020: $214,555,730Net Assets 2020: $25,896,2372020Assets 2021: $244,401,139Liabilities 2021: $218,279,761Net Assets 2021: $26,121,3782021Assets 2022: $255,114,045Liabilities 2022: $233,077,800Net Assets 2022: $22,036,2452022Assets 2023: $261,134,842Liabilities 2023: $239,206,451Net Assets 2023: $21,928,3912023Assets 2024: $260,416,544Liabilities 2024: $238,885,581Net Assets 2024: $21,530,9632024

Highlighted filing

2014

Assets$166,209,146
Liabilities$146,098,787
Net Assets$20,110,359
Open 2014 Filing

Operations Trend

Revenue Growth66th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,338,9282010Revenue 2011: $8,063,153Expenses 2011: $8,506,754Net Income 2011: -$443,6012011Expenses 2012: $7,325,4762012Revenue 2013: $6,823,944Expenses 2013: $7,005,711Net Income 2013: -$181,7672013Revenue 2014: $7,126,060Expenses 2014: $6,805,968Net Income 2014: $320,0922014Revenue 2015: $7,134,194Expenses 2015: $6,455,042Net Income 2015: $679,1522015Revenue 2016: $7,443,648Expenses 2016: $6,329,457Net Income 2016: $1,114,1912016Revenue 2017: $8,534,778Expenses 2017: $7,406,001Net Income 2017: $1,128,7772017Revenue 2018: $9,292,143Expenses 2018: $8,071,440Net Income 2018: $1,220,7032018Revenue 2019: $10,236,397Expenses 2019: $9,006,691Net Income 2019: $1,229,7062019Revenue 2020: $9,193,968Expenses 2020: $8,940,771Net Income 2020: $253,1972020Revenue 2021: $9,907,662Expenses 2021: $9,307,134Net Income 2021: $600,5282021Revenue 2022: $11,136,951Expenses 2022: $10,636,902Net Income 2022: $500,0492022Revenue 2023: $13,953,932Expenses 2023: $14,056,144Net Income 2023: -$102,2122023Revenue 2024: $14,269,021Expenses 2024: $14,911,952Net Income 2024: -$642,9312024

Highlighted filing

2014

Revenue$7,126,060
Expenses$6,805,968
Net Income$320,092
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 22, 2015
Return Version
2014v5.0
Gross Receipts
$7,248,747
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$110,556,298$106,268,416▼ $4,287,882
Savings and Temporary Cash Investments$45,124,250$44,645,357▼ $478,893
Rtn Earn Endowment Incm Other Fnds$20,001,124$20,110,359▲ $109,235
Investments in Publicly Traded Securities$1,493,128$7,032,095▲ $5,538,967
Investments Other Securities$3,014,478$3,013,659▼ $819
Cash and Non-Interest-Bearing Accounts$1,410,184$1,732,480▲ $322,296
Accounts Receivable$1,375,256$1,350,933▼ $24,323
Prepaid Expenses and Deferred Charges$103,922$703,639▲ $599,717
Land, Buildings, and Equipment, Net$449,320$398,982▼ $50,338
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$164,407,259$166,209,146▲ $1,801,887
Other Assets Total$880,423$1,063,585▲ $183,162
Liabilities
Other Liabilities$143,057,120$144,611,367▲ $1,554,247
Accounts Payable and Accrued Expenses$1,349,015$1,487,420▲ $138,405
Total Liabilities$144,406,135$146,098,787▲ $1,692,652
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,001,124$20,110,359▲ $109,235
Total Liabilities and Net Assets / Fund Balance$164,407,259$166,209,146▲ $1,801,887

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$160,006$1,263,881$1,423,887
Equipment$238,976$1,129,067$1,368,043
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
George HardimanCEOFT$244,680-$244,680
Hicham NaciriCIOFT$157,797$1,500$159,297
Michael MullenCOOFT$115,541$11,600$127,141
William V KellyVP LendingFT$81,200$10,641$91,841
James RoyCFOFT$76,633$6,767$83,400
Kevin MullenChair-$11,250-$11,250

Board Members and Trustees

NameTitle
Amy DonovanDirector
Dawn Marie DurantDirector
Donald SmithDirector
Edward KennedyDirector
Martin ConnollyDirector
Michael ConnollyDirector
James NeeFormer Director
Darrell ElowSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,742,847
Investment Income
$383,213
Other Revenue
$0
Change in Net Assets
$320,092

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,126,060
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,126,060
Total Revenue per Form 990
$7,126,060
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,525,412
Salaries, Compensation, and Employee Benefits$3,280,556
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$1,970,677
Fees for Services Other---$865,877
Occupancy---$761,913
Current Officers, Directors, Trustees, and Key Employees---$717,609
Office Expenses---$534,984
Interest---$385,866
Other Employee Benefits---$291,454
Payroll Taxes---$255,266
Depreciation Depletion---$222,491
Fees for Services Accounting---$207,137
Information Technology---$140,740
Insurance---$102,139
Advertising---$55,269
Pension Plan Contributions---$45,550
Fees for Services Legal---$24,489
Travel---$19,429
Conferences and Meetings---$10,704
Other Expenses---$-243,945
All Other Expenses---$-488,014
Total Functional Expenses$0$0$0$6,805,968

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,805,968
Total Expenses per Audited Statements$6,805,968
Total Expenses per Form 990$6,805,968
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES AND SAVINGS ACCOUNTS$144,611,367
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
No
Other officer compensation reviewed
No
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 2

“The chair of the board of directors is a direct family relative of the credit union's coo.”

Form 990, Part VI, Section A, Line 6

“Members consist of depositors with a minimum balance of $5 in their savings account.”

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

“The members of the credit union may elect one or more of the board of directors.”

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

“The members have voting rights over certain decisions made by the governing body (board of directors). Voting usually takes place at the annual meeting and their voting rights consist of election of the board of directors, corporate charter and by-law changes and approval of mergers with other financial institutions.”

Form 990, Part VI, Section B, Line 11

“The credit union's chair of the audit committee reviews the form 990 on behalf of the board of directors prior to tax return being filed. Then a copy of the form 990 is provided to the board of the directors subsequent to filing.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Tremont Credit Union
EIN
04-3414490
Phone
7818435626
Address
PO BOX 850649, BRAINTREE, MA 02185-0649

Signing Officer

Name
James Roy
Title
CFO
Phone
7818435626
Signed
2015-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Roy
Formed
1952
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
9
Employees
70
Volunteers
0

Preparer

Firm
G T Reilly & Company Inc
Address
424 ADAMS STREET, MILTON, MA 02186
Preparer
Giuseppe Femia CPA
Phone
6176968900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Loan service exp 56,149. Late charges 2,872. Mortgage service exp 20,817. Collection exp 194,791. Outside services 233,241. Ira maintenance fees 6,164. Service bureau 286,042. Payroll service 7,434. Other 58,367.”

FORM 990, PART XI, LINE 9:

“Oci fas 158 defined benefit plan and serp adjustment -222,131.”

Financial Statement Notes

PART XI, LINE 8, OTHER ADJUSTEMNTS:

“Oci fas 158 defined benefit plan & serp adjustment: 222,131”

Raw XML AppendixShowing 400 of 461 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/InvestmentsOtherSecuritiesGrp/EOYAmt03013659
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01493128
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07032095
IRS990/IRPDocumentCnt03593
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02392948
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0449320
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0398982
IRS990/LandBldgEquipCostOrOtherBssAmt02791930
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0122687
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0STATE CHARTERED CREDIT UNION
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020001124
IRS990/NetAssetsOrFundBalancesEOYAmt020110359
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt045645
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt045645
IRS990/NetUnrelatedBusTxblIncmAmt0-15984
IRS990/NetUnrlzdGainsLossesInvstAmt011274
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0761913
IRS990/OfficeExpensesGrp/TotalAmt0534984
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0880423
IRS990/OtherAssetsTotalGrp/EOYAmt01063585
IRS990/OtherChangesInNetAssetsAmt0-222131
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0291454
IRS990/OtherExpensesGrp/Desc0SERVICE FEES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT MAINTENANCE
IRS990/OtherExpensesGrp/Desc2FORECLOSURE AND OREO
IRS990/OtherExpensesGrp/Desc3UBIT REFUND
IRS990/OtherExpensesGrp/TotalAmt0772844
IRS990/OtherExpensesGrp/TotalAmt1152904
IRS990/OtherExpensesGrp/TotalAmt2585
IRS990/OtherExpensesGrp/TotalAmt3-243945
IRS990/OtherLiabilitiesGrp/BOYAmt0143057120
IRS990/OtherLiabilitiesGrp/EOYAmt0144611367
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0110556298
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0106268416
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0255266
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt045550
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0103922
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0703639
IRS990/PrincipalOfficerNm0JAMES ROY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE COMMMISSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05087558
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11551744
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2103545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05087558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11551744
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2103545
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0464913
IRS990/PYOtherExpensesAmt04260512
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06359031
IRS990/PYRevenuesLessExpensesAmt0-181767
IRS990/PYSalariesCompEmpBnftPaidAmt02745199
IRS990/PYTotalExpensesAmt07005711
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06823944
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0320092
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020001124
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020110359
IRS990/SavingsAndTempCashInvstGrp/BOYAmt045124250
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044645357
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0238976
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01129067
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01368043
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06805968
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0160006
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01263881
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01423887
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0144611367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES AND SAVINGS ACCOUNTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07126060
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OCI FAS 158 DEFINED BENEFIT PLAN & SERP ADJUSTMENT: 222,131
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 8, OTHER ADJUSTEMNTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0398982
IRS990ScheduleD/TotalExpensesPerForm990Amt06805968
IRS990ScheduleD/TotalLiabilityAmt0144611367
IRS990ScheduleD/TotalRevenuePerForm990Amt07126060
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07126060
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06805968
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0244680
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1157797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount11500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GEORGE HARDIMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1HICHAM NACIRI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0244680
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1159297
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIR OF THE BOARD OF DIRECTORS IS A DIRECT FAMILY RELATIVE OF THE CREDIT UNION'S COO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS CONSIST OF DEPOSITORS WITH A MINIMUM BALANCE OF $5 IN THEIR SAVINGS ACCOUNT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE CREDIT UNION MAY ELECT ONE OR MORE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS HAVE VOTING RIGHTS OVER CERTAIN DECISIONS MADE BY THE GOVERNING BODY (BOARD OF DIRECTORS). VOTING USUALLY TAKES PLACE AT THE ANNUAL MEETING AND THEIR VOTING RIGHTS CONSIST OF ELECTION OF THE BOARD OF DIRECTORS, CORPORATE CHARTER AND BY-LAW CHANGES AND APPROVAL OF MERGERS WITH OTHER FINANCIAL INSTITUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION'S CHAIR OF THE AUDIT COMMITTEE REVIEWS THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS PRIOR TO TAX RETURN BEING FILED. THEN A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF THE DIRECTORS SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LOAN SERVICE EXP 56,149. LATE CHARGES 2,872. MORTGAGE SERVICE EXP 20,817. COLLECTION EXP 194,791. OUTSIDE SERVICES 233,241. IRA MAINTENANCE FEES 6,164. SERVICE BUREAU 286,042. PAYROLL SERVICE 7,434. OTHER 58,367.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OCI FAS 158 DEFINED BENEFIT PLAN AND SERP ADJUSTMENT -222,131.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0164407259
IRS990/TotalAssetsEOYAmt0166209146
IRS990/TotalAssetsGrp/BOYAmt0164407259
IRS990/TotalAssetsGrp/EOYAmt0166209146

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$166,209,146
Liabilities
$146,098,787
Net assets
$20,110,359
Revenue
$7,126,060
Expenses
$6,805,968
Net income
$320,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$260$239$21.5$14.3$14.9$0.64
2023Detailed filing. Detailed filing data is available for this year.$261$239$21.9$14.0$14.1$0.10
2022Detailed filing. Detailed filing data is available for this year.$255$233$22.0$11.1$10.6$0.50
2021Detailed filing. Detailed filing data is available for this year.$244$218$26.1$9.91$9.31$0.60
2020Detailed filing. Detailed filing data is available for this year.$240$215$25.9$9.19$8.94$0.25
2019Detailed filing. Detailed filing data is available for this year.$204$178$25.2$10.2$9.01$1.23
2018Detailed filing. Detailed filing data is available for this year.$185$162$23.2$9.29$8.07$1.22
2017Detailed filing. Detailed filing data is available for this year.$174$152$22.4$8.53$7.41$1.13
2016Detailed filing. Detailed filing data is available for this year.$172$151$20.8$7.44$6.33$1.11
2015Detailed filing. Detailed filing data is available for this year.$171$150$20.4$7.13$6.46$0.68
2014Detailed filing. Detailed filing data is available for this year.$166$146$20.1$7.13$6.81$0.32
2013Detailed filing. Detailed filing data is available for this year.$164$144$20.0$6.82$7.01$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$162$142$20.0$7.33
2011Summary only. Only limited summary data is available for this year.$165$144$20.2$8.06$8.51$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$170$149$20.8$5.34
Peer Organizations

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