Civic Intelligence

Commonwealth Utilities Employees Credit Union

990 • Fiscal year 2021 • EIN 04-6055566

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

Organization ProfileWWW.CUECU.ORG

View Organization Page

312 Wareham RoadMarion, MA 02738

(508) 748-3452

Siviq Scores

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

Liabilities / Assets

25th percentile

0.85x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

39.03x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$125,475

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Asset Growth

30th percentile

6.1%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-13%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$49,419,083

Up $2,844,975 (+6.1%) from 2020

Net Assets

Up

$7,212,930

Up $143,486 (+2.0%) from 2020

Liabilities

Up

$42,206,153

Up $2,701,489 (+6.8%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin72nd percentile

Revenue

Down

$1,081,315

Down $154,662 (-13%) from 2020

Expenses

Down

$904,194

Down $142,662 (-14%) from 2020

Net Income

Down

$177,121

Down $12,000 (-6.3%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$60M$40M$20M$0Assets 2010: $42,288,462Liabilities 2010: $36,845,669Net Assets 2010: $5,442,7932010Assets 2011: $43,114,724Liabilities 2011: $37,440,898Net Assets 2011: $5,673,8262011Assets 2012: $43,763,110Liabilities 2012: $37,835,973Net Assets 2012: $5,927,1372012Assets 2013: $44,258,091Liabilities 2013: $38,292,785Net Assets 2013: $5,965,3062013Assets 2014: $42,093,491Liabilities 2014: $36,218,929Net Assets 2014: $5,874,5622014Assets 2015: $41,308,850Liabilities 2015: $35,348,603Net Assets 2015: $5,960,2472015Assets 2016: $41,593,305Liabilities 2016: $35,466,052Net Assets 2016: $6,127,2532016Assets 2017: $41,323,572Liabilities 2017: $34,955,134Net Assets 2017: $6,368,4382017Assets 2018: $40,213,112Liabilities 2018: $33,581,823Net Assets 2018: $6,631,2892018Assets 2019: $41,463,569Liabilities 2019: $34,550,887Net Assets 2019: $6,912,6822019Assets 2020: $46,574,108Liabilities 2020: $39,504,664Net Assets 2020: $7,069,4442020Assets 2021: $49,419,083Liabilities 2021: $42,206,153Net Assets 2021: $7,212,9302021Assets 2022: $50,936,191Liabilities 2022: $43,359,682Net Assets 2022: $7,576,5092022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$49,419,083
Liabilities$42,206,153
Net Assets$7,212,930
Open 2021 Filing

Operations Trend

Revenue Growth13th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,744,7142010Expenses 2011: $1,659,6792011Revenue 2012: $1,546,984Expenses 2012: $1,315,001Net Income 2012: $231,9832012Revenue 2013: $1,304,034Expenses 2013: $1,208,759Net Income 2013: $95,2752013Revenue 2014: $1,204,988Expenses 2014: $1,271,577Net Income 2014: -$66,5892014Revenue 2015: $1,166,002Expenses 2015: $1,060,103Net Income 2015: $105,8992015Revenue 2016: $1,165,800Expenses 2016: $996,238Net Income 2016: $169,5622016Revenue 2017: $1,192,557Expenses 2017: $950,088Net Income 2017: $242,4692017Revenue 2018: $1,307,566Expenses 2018: $1,048,221Net Income 2018: $259,3452018Revenue 2019: $1,353,496Expenses 2019: $1,076,086Net Income 2019: $277,4102019Revenue 2020: $1,235,977Expenses 2020: $1,046,856Net Income 2020: $189,1212020Revenue 2021: $1,081,315Expenses 2021: $904,194Net Income 2021: $177,1212021Revenue 2022: $1,281,875Expenses 2022: $883,123Net Income 2022: $398,7522022Revenue 2023: $407,509Expenses 2023: $223,820Net Income 2023: $183,6892023

Highlighted filing

2021

Revenue$1,081,315
Expenses$904,194
Net Income$177,121
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.0
Gross Receipts
$1,081,315
Mission and Program Overview

Mission

Financial services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$21,869,000$26,030,000▲ $4,161,000
Cash and Non-Interest-Bearing Accounts$8,657,643$11,398,322▲ $2,740,679
Other Notes and Loans Receivable, Net$10,396,399$9,944,501▼ $451,898
Rtn Earn Endowment Incm Other Fnds$7,069,444$7,212,930▲ $143,486
Investments in Publicly Traded Securities$5,124,862$1,487,572▼ $3,637,290
Land, Buildings, and Equipment, Net$21,100$25,524▲ $4,424
Prepaid Expenses and Deferred Charges$53,213$18,168▼ $35,045
Total Assets$46,574,108$49,419,083▲ $2,844,975
Other Assets Total$451,891$514,996▲ $63,105
Liabilities
Other Liabilities$39,163,900$41,967,183▲ $2,803,283
Accounts Payable and Accrued Expenses$308,023$199,794▼ $108,229
Escrow Account Liability$32,741$39,176▲ $6,435
Total Liabilities$39,504,664$42,206,153▲ $2,701,489
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,069,444$7,212,930▲ $143,486
Total Liabilities and Net Assets / Fund Balance$46,574,108$49,419,083▲ $2,844,975

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$25,524$119,309$144,833
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gloria CamaraOperations/lFT$94,481$30,994$125,475
Pat SaladinoFormer CEOFT$74,025$8,051$82,076

Board Members and Trustees

NameTitle
Brenda S MahoneyChairperson
Barbara MoreiraDirector
Michael GomesDirector
Peter Mccoy1st Vice CHA
Vivian J Medeiros2nd Vice CHA
Robert ConklinAsst Treasur
Lisa SheaTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$521,895
Investment Income
$373,078
Other Revenue
$186,342
Change in Net Assets
$177,121

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,081,315
Total Revenue per Audited Statements
$1,081,315
Total Revenue per Form 990
$1,081,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$526,866
Salaries, Compensation, and Employee Benefits$377,328
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$207,550
Other Salaries and Wages---$122,376
Interest---$110,863
Occupancy---$68,063
Information Technology---$44,766
Office Expenses---$41,878
All Other Expenses---$33,788
Payroll Taxes---$27,206
Insurance---$20,216
Fees for Services Accounting---$19,000
Other Expenses---$18,077
Depreciation Depletion---$13,610
Other Employee Benefits---$12,869
Fees for Services Legal---$10,658
Pension Plan Contributions---$7,327
Advertising---$1,102
Conferences and Meetings---$218
Total Functional Expenses$0$0$0$904,194

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$904,194
Total Expenses per Audited Statements$904,194
Total Expenses per Form 990$904,194
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 Deposit Accounts$41,967,183
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

“The credit union changed its status from a state chartered credit union to a federally chartered credit union and therefore had to update its governing documents.”

Form 990, Page 6, Part VI, Line 6

“Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.”

Form 990, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 11B

“An outside firm prepares the return. The ceo reviews for accurancy. Going forward the return will then be presented to the board.”

Form 990, Page 6, Part VI, Line 15A

“Personnel committee reviews compensation in comparison to the industry (cuna salary survey) and the board approves salaries.”

Form 990, Page 6, Part VI, Line 15B

“Personnel committee reviews compensation in comparison to the industry (cuna salary survey) and the board approves salaries.”

Form 990, Page 6, Part VI, Line 18

“Documents are available upon request. Financial statements are posted in the lobby of the credit union.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request. Financial statements are posted in the lobby of the credit union.”

Filing and Contact Details

Filer

Filer Name
Commonwealth Utilities Employees
EIN
04-6055566
Phone
5087483452
Address
312 WAREHAM ROAD, MARION, MA 02738

Signing Officer

Name
Brenda S Mahoney
Title
Chairperson
Phone
5087483452
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda S Mahoney
Formed
1926
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
7

Preparer

Firm
Garvey Steele & Bancroft Llp
Address
PO BOX 397, MYSTIC, CT 06355-0397
Preparer
Michael R Garvey CPA
Phone
8605369831
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Awarding of scholarships to deserving students”

Form 990, Part XI, Line 9

“Payment of patronage dividends -33,635”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Mortgage escrow accounts held for the payment of real estate taxes for municipalities.”

Raw XML Appendix364 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0308023
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0199794
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0FINANCIAL SERVICES TO MEMBERS
IRS990/AdvertisingGrp/TotalAmt01102
IRS990/AllOtherExpensesGrp/TotalAmt033788
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0BRENDA S MAHONEY
IRS990/BooksInCareOfDetail/PhoneNum05087483452
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0312 WAREHAM ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARION
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002738
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt08657643
IRS990/CashNonInterestBearingGrp/EOYAmt011398322
IRS990/ChangeToOrgDocumentsInd0true
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0207550
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt0218
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0373078
IRS990/CYOtherExpensesAmt0526866
IRS990/CYOtherRevenueAmt0186342
IRS990/CYProgramServiceRevenueAmt0521895
IRS990/CYRevenuesLessExpensesAmt0177121
IRS990/CYSalariesCompEmpBnftPaidAmt0377328
IRS990/CYTotalExpensesAmt0904194
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01081315
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt013610
IRS990/Desc0MAINTENANCE OF MEMBER LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS IS 846. MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS. NUMBER OF SHARE ACCOUNTS IS 3,696.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt032741
IRS990/EscrowAccountLiabilityGrp/EOYAmt039176
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt019000
IRS990/FeesForServicesLegalGrp/TotalAmt010658
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt030994
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt18051
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0GLORIA CAMARA
IRS990/Form990PartVIISectionAGrp/PersonNm1PAT SALADINO
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT CONKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL GOMES
IRS990/Form990PartVIISectionAGrp/PersonNm4BRENDA S MAHONEY
IRS990/Form990PartVIISectionAGrp/PersonNm5VIVIAN J MEDEIROS
IRS990/Form990PartVIISectionAGrp/PersonNm6BARBARA MOREIRA
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER MCCOY
IRS990/Form990PartVIISectionAGrp/PersonNm8LISA SHEA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt094481
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt174025
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0OPERATIONS/L
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASST TREASUR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt52ND VICE CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt71ST VICE CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASUER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01926
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01081315
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt044766
IRS990/InsuranceGrp/TotalAmt020216
IRS990/InterestGrp/TotalAmt0110863
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0373078
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0373078
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05124862
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01487572
IRS990/IRPDocumentCnt0770
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0119309
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021100
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025524
IRS990/LandBldgEquipCostOrOtherBssAmt0144833
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FINANCIAL SERVICES TO MEMBERS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07069444
IRS990/NetAssetsOrFundBalancesEOYAmt07212930
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt068063
IRS990/OfficeExpensesGrp/TotalAmt041878
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0451891
IRS990/OtherAssetsTotalGrp/EOYAmt0514996
IRS990/OtherChangesInNetAssetsAmt0-33635
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012869
IRS990/OtherExpensesGrp/Desc0DEBIT CARD PROCESSING
IRS990/OtherExpensesGrp/Desc1CREDIT CARD PROCESSING
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3CONSULTING
IRS990/OtherExpensesGrp/TotalAmt073265
IRS990/OtherExpensesGrp/TotalAmt152587
IRS990/OtherExpensesGrp/TotalAmt218775
IRS990/OtherExpensesGrp/TotalAmt318077
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt039163900
IRS990/OtherLiabilitiesGrp/EOYAmt041967183
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0142664
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt143678
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0142664
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt143678
IRS990/OtherRevenueTotalAmt0186342
IRS990/OtherSalariesAndWagesGrp/TotalAmt0122376
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt010396399
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09944501
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt027206
IRS990/PensionPlanContributionsGrp/TotalAmt07327
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt053213
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018168
IRS990/PrincipalOfficerNm0BRENDA S MAHONEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0521895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0521895
IRS990/ProgSrvcAccomActyOtherGrp/Desc0AWARDING OF SCHOLARSHIPS TO DESERVING STUDENTS
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01500
IRS990/PYInvestmentIncomeAmt0551709
IRS990/PYOtherExpensesAmt0622585
IRS990/PYOtherRevenueAmt0128703
IRS990/PYProgramServiceRevenueAmt0555565
IRS990/PYRevenuesLessExpensesAmt0189121
IRS990/PYSalariesCompEmpBnftPaidAmt0422771
IRS990/PYTotalExpensesAmt01046856
IRS990/PYTotalRevenueAmt01235977
IRS990/ReconcilationRevenueExpnssAmt0177121
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07069444
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07212930
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021869000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026030000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0904194
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025524
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0119309
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0144833
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041967183
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSIT ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt01081315
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025524
IRS990ScheduleD/TotalExpensesPerForm990Amt0904194
IRS990ScheduleD/TotalLiabilityAmt041967183
IRS990ScheduleD/TotalRevenuePerForm990Amt01081315
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01081315
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0904194
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AWARDING OF SCHOLARSHIPS TO DESERVING STUDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION CHANGED ITS STATUS FROM A STATE CHARTERED CREDIT UNION TO A FEDERALLY CHARTERED CREDIT UNION AND THEREFORE HAD TO UPDATE ITS GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN OUTSIDE FIRM PREPARES THE RETURN. THE CEO REVIEWS FOR ACCURANCY. GOING FORWARD THE RETURN WILL THEN BE PRESENTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PERSONNEL COMMITTEE REVIEWS COMPENSATION IN COMPARISON TO THE INDUSTRY (CUNA SALARY SURVEY) AND THE BOARD APPROVES SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PERSONNEL COMMITTEE REVIEWS COMPENSATION IN COMPARISON TO THE INDUSTRY (CUNA SALARY SURVEY) AND THE BOARD APPROVES SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PAYMENT OF PATRONAGE DIVIDENDS -33,635
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt046574108
IRS990/TotalAssetsEOYAmt049419083
IRS990/TotalAssetsGrp/BOYAmt046574108
IRS990/TotalAssetsGrp/EOYAmt049419083
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0904194
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039504664
IRS990/TotalLiabilitiesEOYAmt042206153
IRS990/TotalLiabilitiesGrp/BOYAmt039504664
IRS990/TotalLiabilitiesGrp/EOYAmt042206153
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07069444
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07212930
IRS990/TotalOtherCompensationAmt039045
IRS990/TotalProgramServiceRevenueAmt0521895
IRS990/TotalReportableCompFromOrgAmt0168506
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01081315
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01081315
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046574108
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049419083
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0312 WAREHAM ROAD
IRS990/USAddress/CityNm0MARION
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002738
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CUECU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA S MAHONEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum05087483452
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMONWEALTH UTILITIES EMPLOYEES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0046055566
ReturnHeader/Filer/PhoneNum05087483452
ReturnHeader/Filer/USAddress/AddressLine1Txt0312 WAREHAM ROAD
ReturnHeader/Filer/USAddress/CityNm0MARION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002738
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472604526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GARVEY STEELE & BANCROFT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 397
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYSTIC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0063550397
ReturnHeader/PreparerPersonGrp/PhoneNum08605369831
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R GARVEY CPA
ReturnHeader/ReturnTs02022-05-16T09:11:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENDA S
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAHONEY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,419,083
Liabilities
$42,206,153
Net assets
$7,212,930
Revenue
$1,081,315
Expenses
$904,194
Net income
$177,121
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.41$0.22$0.18
2022Detailed filing. Detailed filing data is available for this year.$50.9$43.4$7.58$1.28$0.88$0.40
2021Detailed filing. Detailed filing data is available for this year.$49.4$42.2$7.21$1.08$0.90$0.18
2020Detailed filing. Detailed filing data is available for this year.$46.6$39.5$7.07$1.24$1.05$0.19
2019Detailed filing. Detailed filing data is available for this year.$41.5$34.6$6.91$1.35$1.08$0.28
2018Detailed filing. Detailed filing data is available for this year.$40.2$33.6$6.63$1.31$1.05$0.26
2017Detailed filing. Detailed filing data is available for this year.$41.3$35.0$6.37$1.19$0.95$0.24
2016Detailed filing. Detailed filing data is available for this year.$41.6$35.5$6.13$1.17$1.00$0.17
2015Detailed filing. Detailed filing data is available for this year.$41.3$35.3$5.96$1.17$1.06$0.11
2014Detailed filing. Detailed filing data is available for this year.$42.1$36.2$5.87$1.20$1.27$0.07
2013Detailed filing. Detailed filing data is available for this year.$44.3$38.3$5.97$1.30$1.21$0.10
2012Summary only. Only limited summary data is available for this year.$43.8$37.8$5.93$1.55$1.32$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.1$37.4$5.67$1.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.3$36.8$5.44$1.74
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)14 • $25M-$50M nonprofits