Civic Intelligence

Alpha Credit Union

990 • Fiscal year 2019 • EIN 04-6054447

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 30, 2020

Organization Profilewww.alphacu.com
One Deaconess RoadBoston, MA 02215-5321

(617) 632-8164

Siviq Scores

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

Liabilities / Assets

45th percentile

0.86x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

22.98x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

60th percentile

15%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$135,529

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

45th percentile

1.2%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

6.3%

Faster revenue growth than 51% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$31,582,091

Up $374,505 (+1.2%) from 2018

Net Assets

Up

$4,354,554

Up $171,836 (+4.1%) from 2018

Liabilities

Up

$27,227,537

Up $202,669 (+0.7%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin60th percentile

Revenue

Up

$1,185,055

Up $70,509 (+6.3%) from 2018

Expenses

Up

$1,013,219

Up $111,359 (+12%) from 2018

Net Income

Down

$171,836

Down $40,850 (-19%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$40M$30M$20M$10M$0Assets 2010: $25,683,301Liabilities 2010: $21,340,047Net Assets 2010: $4,343,2542010Assets 2011: $26,952,796Liabilities 2011: $22,662,910Net Assets 2011: $4,289,8862011Assets 2012: $28,117,328Liabilities 2012: $23,927,283Net Assets 2012: $4,190,0452012Assets 2013: $27,429,535Liabilities 2013: $23,334,913Net Assets 2013: $4,094,6222013Assets 2014: $27,992,216Liabilities 2014: $24,103,185Net Assets 2014: $3,889,0312014Assets 2015: $28,932,767Liabilities 2015: $24,984,974Net Assets 2015: $3,947,7932015Assets 2016: $29,850,981Liabilities 2016: $25,849,830Net Assets 2016: $4,001,1512016Assets 2017: $30,536,704Liabilities 2017: $26,536,091Net Assets 2017: $4,000,6132017Assets 2018: $31,207,586Liabilities 2018: $27,024,868Net Assets 2018: $4,182,7182018Assets 2019: $31,582,091Liabilities 2019: $27,227,537Net Assets 2019: $4,354,5542019Assets 2020: $37,529,076Liabilities 2020: $33,056,044Net Assets 2020: $4,473,0322020Assets 2021: $39,640,867Liabilities 2021: $34,964,073Net Assets 2021: $4,676,7942021Assets 2022: $38,265,467Liabilities 2022: $33,451,792Net Assets 2022: $4,813,6752022Assets 2023: $36,816,826Liabilities 2023: $31,625,136Net Assets 2023: $5,191,6902023Assets 2024: $34,452,132Liabilities 2024: $28,802,051Net Assets 2024: $5,650,0812024

Highlighted filing

2019

Assets$31,582,091
Liabilities$27,227,537
Net Assets$4,354,554
Open 2019 Filing

Operations Trend

Revenue Growth51st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,059,5372010Expenses 2011: $966,8422011Expenses 2012: $966,5672012Revenue 2013: $826,125Expenses 2013: $907,432Net Income 2013: -$81,3072013Revenue 2014: $802,241Expenses 2014: $1,022,885Net Income 2014: -$220,6442014Revenue 2015: $860,497Expenses 2015: $805,783Net Income 2015: $54,7142015Revenue 2016: $914,800Expenses 2016: $860,646Net Income 2016: $54,1542016Revenue 2017: $941,657Expenses 2017: $897,664Net Income 2017: $43,9932017Revenue 2018: $1,114,546Expenses 2018: $901,860Net Income 2018: $212,6862018Revenue 2019: $1,185,055Expenses 2019: $1,013,219Net Income 2019: $171,8362019Revenue 2020: $1,113,321Expenses 2020: $994,843Net Income 2020: $118,4782020Revenue 2021: $1,183,176Expenses 2021: $979,414Net Income 2021: $203,7622021Revenue 2022: $1,215,069Expenses 2022: $1,078,188Net Income 2022: $136,8812022Revenue 2023: $1,544,374Expenses 2023: $1,130,193Net Income 2023: $414,1812023Revenue 2024: $1,683,649Expenses 2024: $1,225,258Net Income 2024: $458,3912024

Highlighted filing

2019

Revenue$1,185,055
Expenses$1,013,219
Net Income$171,836
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 30, 2020
Return Version
2019v5.0
Gross Receipts
$1,185,055
Mission and Program Overview

Mission

Alpha Credit Union is a full service, member owned financial institution whose purpose is to promote thrift and to loan money at fair and reasonable rates of interest. We are not for profit, not charity, but rather for our members' service and benefit.

Credit Union: Provide accounts and loans to members with a current membership of 4730.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$18,251,735$16,499,232▼ $1,752,503
Other Notes and Loans Receivable, Net$11,876,480$12,857,513▲ $981,033
Cap Stk Tr Prin Current Funds$4,182,718$4,354,554▲ $171,836
Investments in Publicly Traded Securities$755,082$0▼ $755,082
Cash and Non-Interest-Bearing Accounts$208,438$205,751▼ $2,687
Land, Buildings, and Equipment, Net$3,495$173,949▲ $170,454
Prepaid Expenses and Deferred Charges$58,645$66,112▲ $7,467
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$31,207,586$31,582,091▲ $374,505
Other Assets Total$53,711$1,779,534▲ $1,725,823
Liabilities
Other Liabilities$26,938,549$27,069,785▲ $131,236
Accounts Payable and Accrued Expenses$86,319$157,752▲ $71,433
Total Liabilities$27,024,868$27,227,537▲ $202,669
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,182,718$4,354,554▲ $171,836
Total Liabilities and Net Assets / Fund Balance$31,207,586$31,582,091▲ $374,505

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$173,949$24,444$0
Leasehold Improvements$0$0$0
Other Assets Org$268,938--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joette DeMeoCEOFT$135,529$135,529

Board Members and Trustees

NameTitle
Kristine HanscomBoard Chair
Patricia Hayward EsqVice Chair Board
Jane HaywardBoard Member
Jeannette BlacklerBoard Member
Laura SchifferdeckerBoard Member
Peter MacaulayBoard Member
Thomas KellyBoard Treasurer
Mary LeupoldSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$759,406
Investment Income
$425,649
Other Revenue
$0
Change in Net Assets
$171,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,185,055
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,185,055
Total Revenue per Form 990
$1,185,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$530,200
Other Expenses$483,019
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$530,200
Information Technology---$102,212
Office Expenses---$77,940
Other Expenses---$53,228
Occupancy---$37,466
Interest---$33,054
Advertising---$22,634
Fees for Services Accounting---$17,477
Insurance---$12,966
Depreciation Depletion---$3,495
Travel---$222
Total Functional Expenses$0$0$0$1,013,219

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,013,219
Total Expenses per Audited Statements$1,013,219
Total Expenses per Form 990$1,013,219
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Member Share Deposits$27,069,785
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 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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Credit Unions are comprised of members. Every account holder is a member.”

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

“The membership elects and votes on a governing body.”

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

“Each member has one vote at the election of the Board of Directors. If a joint account, still only one vote per member number. Governance decisions are reserved for the Board of Directors.”

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

“The From 990 is reviewed by the Board Chair prior to submission.”

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

“The Board of Directors are asked to disclose any conflicts of interest on an annual basis.”

Form 990, Part VI, Section B, Line 15

“The Board of Directors review the salary of the CEO based on the CEO's performance, it's peers, and industry averages, prior to determining salary. The last review was conducted January 2020”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the lobby of the credit union and the 990, as well as Conflict of Interest Policy, are available upon request.”

Filing and Contact Details

Filer

Filer Name
Alpha Credit Union
EIN
04-6054447
Phone
6176328164
Address
One Deaconess Road, Boston, MA 02215-5321

Signing Officer

Name
Joette DeMeo
Title
CEO
Phone
6176328164
Signed
2020-06-30

Organization Details

Principal Officer
Joette DeMeo
Formed
1942
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“ATM Debit Card fees $95,126, Funding of Allowance for Loan Loss $53,228 Misc Operating $4,902”

Raw XML AppendixShowing 400 of 459 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/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0364934
IRS990/PYOtherExpensesAmt0446518
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0749612
IRS990/PYRevenuesLessExpensesAmt0212686
IRS990/PYSalariesCompEmpBnftPaidAmt0455342
IRS990/PYTotalExpensesAmt0901860
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01114546
IRS990/ReconcilationRevenueExpnssAmt0171836
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018251735
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016499232
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0173949
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024444
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0198393
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01013219
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01510596
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1268938
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Other Assets Participation Loans
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF Deposit
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027069785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share Deposits
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01185055
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0173949
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01779534
IRS990ScheduleD/TotalExpensesPerForm990Amt01013219
IRS990ScheduleD/TotalLiabilityAmt027069785
IRS990ScheduleD/TotalRevenuePerForm990Amt01185055
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01185055
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01013219
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01081
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt113767
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt28606
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt318155
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt45450
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MassSave
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Auto
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Mass Save
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Recreation Vehicle
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Auto
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05854
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt120994
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt28925
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt319400
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt423781
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Kristine Hanscom
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Thomas Kelly
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Peter Macaulay
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Jeannette Blackler
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Joette DeMeo
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board Treasurer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Board Member
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/TotalBalanceDueAmt047059
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Credit Unions are comprised of members. Every account holder is a member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The membership elects and votes on a governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member has one vote at the election of the Board of Directors. If a joint account, still only one vote per member number. Governance decisions are reserved for the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The From 990 is reviewed by the Board Chair prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors are asked to disclose any conflicts of interest on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors review the salary of the CEO based on the CEO's performance, it's peers, and industry averages, prior to determining salary. The last review was conducted January 2020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Financial statements are posted in the lobby of the credit union and the 990, as well as Conflict of Interest Policy, are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ATM Debit Card fees $95,126, Funding of Allowance for Loan Loss $53,228 Misc Operating $4,902
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 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt031207586
IRS990/TotalAssetsEOYAmt031582091
IRS990/TotalAssetsGrp/BOYAmt031207586
IRS990/TotalAssetsGrp/EOYAmt031582091
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,582,091
Liabilities
$27,227,537
Net assets
$4,354,554
Revenue
$1,185,055
Expenses
$1,013,219
Net income
$171,836
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.5$28.8$5.65$1.68$1.23$0.46
2023Detailed filing. Detailed filing data is available for this year.$36.8$31.6$5.19$1.54$1.13$0.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.3$33.5$4.81$1.22$1.08$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.6$35.0$4.68$1.18$0.98$0.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.5$33.1$4.47$1.11$0.99$0.12
2019Detailed filing. Detailed filing data is available for this year.$31.6$27.2$4.35$1.19$1.01$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.2$27.0$4.18$1.11$0.90$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.5$26.5$4.00$0.94$0.90$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.9$25.8$4.00$0.91$0.86$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$25.0$3.95$0.86$0.81$0.05
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$28.0$24.1$3.89$0.80$1.02$0.22
2013Detailed filing. Detailed filing data is available for this year.$27.4$23.3$4.09$0.83$0.91$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$23.9$4.19$0.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$22.7$4.29$0.97
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$21.3$4.34$1.06