Civic Intelligence

Commonwealth Utilities Employees Credit Union

990 • Fiscal year 2022 • EIN 04-6055566

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 21, 2023

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

19th percentile

0.85x

Higher debt load relative to assets than 19% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

33.83x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Net Margin

95th percentile

31%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

31st percentile

$125,847

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2022

Asset Growth

66th percentile

3.1%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

19%

Faster revenue growth than 83% of similar nonprofits.

2022 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$50,936,191

Up $1,517,108 (+3.1%) from 2021

Net Assets

Up

$7,576,509

Up $363,579 (+5.0%) from 2021

Liabilities

Up

$43,359,682

Up $1,153,529 (+2.7%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin95th percentile

Revenue

Up

$1,281,875

Up $200,560 (+19%) from 2021

Expenses

Down

$883,123

Down $21,071 (-2.3%) from 2021

Net Income

Up

$398,752

Up $221,631 (+125%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2022

Assets$50,936,191
Liabilities$43,359,682
Net Assets$7,576,509
Open 2022 Filing

Operations Trend

Revenue Growth83rd 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

2022

Revenue$1,281,875
Expenses$883,123
Net Income$398,752
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 21, 2023
Return Version
2022v5.0
Gross Receipts
$1,281,875
Mission and Program Overview

Mission

Financial services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$26,030,000$27,916,000▲ $1,886,000
Other Notes and Loans Receivable, Net$9,944,501$10,378,682▲ $434,181
Investments in Publicly Traded Securities$1,487,572$9,750,951▲ $8,263,379
Rtn Earn Endowment Incm Other Fnds$7,212,930$7,576,509▲ $363,579
Cash and Non-Interest-Bearing Accounts$11,398,322$2,240,022▼ $9,158,300
Land, Buildings, and Equipment, Net$25,524$24,697▼ $827
Prepaid Expenses and Deferred Charges$18,168$10,987▼ $7,181
Total Assets$49,419,083$50,936,191▲ $1,517,108
Other Assets Total$514,996$614,852▲ $99,856
Liabilities
Other Liabilities$41,967,183$43,063,338▲ $1,096,155
Accounts Payable and Accrued Expenses$199,794$253,988▲ $54,194
Escrow Account Liability$39,176$42,356▲ $3,180
Total Liabilities$42,206,153$43,359,682▲ $1,153,529
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,212,930$7,576,509▲ $363,579
Total Liabilities and Net Assets / Fund Balance$49,419,083$50,936,191▲ $1,517,108

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,697$132,606$157,303
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gloria CamaraOperations/lFT$98,956$26,891$125,847

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$501,116
Investment Income
$625,380
Other Revenue
$155,379
Change in Net Assets
$398,752

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,281,875
Total Revenue per Audited Statements
$1,281,875
Total Revenue per Form 990
$1,281,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$527,494
Salaries, Compensation, and Employee Benefits$355,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$161,374
Current Officers, Directors, Trustees, and Key Employees---$125,847
Interest---$83,907
Occupancy---$68,596
All Other Expenses---$51,562
Information Technology---$48,930
Office Expenses---$39,420
Other Employee Benefits---$36,709
Insurance---$32,997
Other Expenses---$22,946
Payroll Taxes---$22,704
Depreciation Depletion---$12,211
Pension Plan Contributions---$8,995
Advertising---$1,110
Conferences and Meetings---$480
Fees for Services Legal---$100
Total Functional Expenses$0$0$0$883,123

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$884,209
Expenses per Audited Statements$883,123
Total Expenses per Form 990$883,123
Expenses Not Reported on Form 990$1,086
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$43,063,338
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
No
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 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
2023-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda S Mahoney
Formed
1926
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
5

Preparer

Firm
Garvey Steele & Bancroft Llp
Address
PO BOX 397, MYSTIC, CT 06355-0397
Preparer
Nanette a Bancroft 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 -35,173”

Financial Statement Notes

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

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

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 1,086”

Raw XML Appendix350 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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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0157303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043063338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSIT ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt01281875
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 1,086
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024697
IRS990ScheduleD/TotalExpensesPerForm990Amt0883123
IRS990ScheduleD/TotalLiabilityAmt043063338
IRS990ScheduleD/TotalRevenuePerForm990Amt01281875
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01281875
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0884209
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AWARDING OF SCHOLARSHIPS TO DESERVING STUDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN OUTSIDE FIRM PREPARES THE RETURN. THE CEO REVIEWS FOR ACCURANCY. GOING FORWARD THE RETURN WILL THEN BE PRESENTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERSONNEL COMMITTEE REVIEWS COMPENSATION IN COMPARISON TO THE INDUSTRY (CUNA SALARY SURVEY) AND THE BOARD APPROVES SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PERSONNEL COMMITTEE REVIEWS COMPENSATION IN COMPARISON TO THE INDUSTRY (CUNA SALARY SURVEY) AND THE BOARD APPROVES SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PAYMENT OF PATRONAGE DIVIDENDS -35,173
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt049419083
IRS990/TotalAssetsEOYAmt050936191
IRS990/TotalAssetsGrp/BOYAmt049419083
IRS990/TotalAssetsGrp/EOYAmt050936191
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0883123
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042206153
IRS990/TotalLiabilitiesEOYAmt043359682
IRS990/TotalLiabilitiesGrp/BOYAmt042206153
IRS990/TotalLiabilitiesGrp/EOYAmt043359682
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07212930
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07576509
IRS990/TotalOtherCompensationAmt026891
IRS990/TotalProgramServiceRevenueAmt0501116
IRS990/TotalReportableCompFromOrgAmt098956
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01281875
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01281875
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049419083
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt050936191
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0312 WAREHAM ROAD
IRS990/USAddress/CityNm0MARION
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002738
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.CUECU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA S MAHONEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum05087483452
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-21
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-12-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NANETTE A BANCROFT CPA
ReturnHeader/ReturnTs02023-12-01T17:00:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENDA S
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAHONEY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,936,191
Liabilities
$43,359,682
Net assets
$7,576,509
Revenue
$1,281,875
Expenses
$883,123
Net income
$398,752
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