2022-10-07T15:10:43-05:00 2021-12-31 825448715 SPINELLI CPA PC 146 WEST BOYLSTON DRIVE SUITE 302 WORCESTER MA 01606 990 2021-01-01 041163260 ALLCOM CREDIT UNION ALLC 5087549980 36 PARK AVENUE WORCESTER MA 01609 LAURA C YBARRA PRESIDENT, CEO & DIRECTOR 5087549980 2022-10-07 1 LAURA YBARRA 999009999 KAREN SPINELLI P00644492 5083656522 2022-10-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LAURA C YBARRA 36 PARK AVENUE WORCESTER MA 01609 2507400 0 X WWW.ALLCOMCU.ORG X CREDIT UNION 1922 MA THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS. 9 8 25 0 0 0 0 0 1691091 1659640 482056 315342 431962 532418 2605109 2507400 0 0 278274 167131 1268421 1220964 0 0 0 957740 1011590 2504435 2399685 100674 107715 75546777 80578432 63960749 69120293 11586028 11458139 THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS. 0 0 167131 DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS. 737246 GRANTING OF CREDIT (CONSUMER AND MORTGAGE LOAN PRODUCTS) TO MEMBERS. 230450 OFFERING OF DEBIT AND CREDIT CARD SERVICES FOR MEMBER PURCHASES. 1134827 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1062 0 1 25 1 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X LAURA C YBARRA 5087549980 36 PARK AVENUE WORCESTER MA 01609 JOHN J NAUGHTON CHAIRMAN OF THE BOARD 2.00 X 2000 0 0 JAMES A CIULLO CLERK & DIRECTOR 0.00 X 0 0 0 JAMES J CROSBIE DIRECTOR 0.00 X 0 0 0 DENNIS F GRIMALDI DIRECTOR 0.00 X 0 0 0 MARGARET M ROCHE DIRECTOR 0.00 X 0 0 0 DEBRA C MARK PRES., CEO & DIRECTOR 40.00 X X 218591 0 42140 STEPHEN ROSSETTI TREASURER & DIRECTOR 2.00 X 1500 0 0 SEAN M HUNTER DIRECTOR 0.00 X 0 0 0 SCOTT MORRISON DIRECTOR 0.00 X 0 0 0 LAURA YBARRA EXECUTIVE VICE PRESIDENT 40.00 X 126654 0 28817 348745 0 70957 2 0 1 0 NES GROUP INC 905 SOUTH MAIN STREET BUILDING B SU MANSFIELD MA 02048 CONSTRUCTION 355083 SYNERGENT PO BOX 1236 PORTLAND ME 04104 IT SERVICES 249939 2 INTEREST LOANS 522100 1659640 1659640 1659640 315342 315342 DEBIT CARD INCOME 522100 228002 228002 MEMBER CHECKS & FEES 522100 119840 119840 MISCELLANEOUS 522100 103983 103983 80593 80593 532418 2507400 2507400 0 0 167131 167131 401752 401752 580229 386821 193408 60969 40646 20323 102573 56416 46157 75441 35529 39912 24000 24000 30258 30258 65749 65749 196076 196076 15919 15919 67613 67613 18890 18890 PROFESSIONAL FEES, CONS 205834 205834 DEBIT CARD /CREDIT CARD 200321 200321 VARIOUS OPERATION EXPEN 125540 125540 ELECTRONIC SERVICES-BIL 30129 30129 31261 12000 19261 2399685 1134827 1264858 0 242668 209545 20024328 16414833 43362000 45079304 34632 63294 4521407 2276990 1093353 2244417 7500805 14025092 93700 93700 3195291 2448247 75546777 80578432 140956 315776 63819793 68804517 63960749 69120293 X 0 0 0 0 11586028 11458139 11586028 11458139 75546777 80578432 107715 -235604 0 X X 0 1 X 1 0 421598 421598 2989032 1455138 1533894 113712 45645 68067 997065 776207 220858 2244417 ATM CLEARING 123511 MISCELLANEOUS 128835 MEMBER SHARES & DEPOSITS 68552171 68804517 X PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION AND HAS CONCLUDED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 X X X X 0 0 0 DEBRA C MARK PRES., CEO & DIRECTOR 180656 0 35951 0 1984 0 32727 0 9413 0 260731 0 0 0 LAURA YBARRA EXECUTIVE VICE PRESIDENT 104301 0 22279 0 74 0 20281 0 8536 0 155471 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HOLDS AN ANNUAL MEETING ACCORDING TO ITS BYLAWS WHERE ALL MEMBERS ARE GIVEN PROPER NOTIFICATION. THE BYLAWS CALL FOR THE ELECTION OF DIRECTORS WHOSE TERMS HAVE EXPIRED. FORM 990, PART VI, SECTION A, LINE 7B THE CREDIT UNION MEMBERS RATIFY DECISIONS OF THE GOVERNING BODY AT THEIR ANNUAL MEETING AND ELECT DIRECTORS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION ENGAGES THE SERVICE OF AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FORM 990, THE SAME FIRM THAT PERFORMS THE ORGANIZATION'S ANNUAL AUDIT. MANAGEMENT PROVIDES REQUESTED INFORMATION TO THE ACCOUNTING FIRM. A DRAFT COPY IS SENT TO THE PRESIDENT AND CEO FOR REVIEW. ONCE APPROVED THE 990 IS FILED. A COPY OF THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE AND THE FULL BOARD FOR THEIR REVIEW AND RATIFICATION AT THE MEETING FOLLOWING THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY. THE POLICY REQUIRES THAT DIRECTORS AND OFFICERS REVIEW AND SIGN A CONFLICT QUESTIONNAIRE ANNUALLY IN ORDER TO PROPERLY MONITOR COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION ANNUALLY APPOINTS A COMPENSATION COMMITTEE TO REVIEW COMPENSATION OF ALL EMPLOYEES INCLUDING THE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE CONTRACTS WITH INDEPENDENT EMPLOYMENT CONSULTANT PERIODICALLY TO CONDUCT INDUSTRY SALARY SURVEYS WITH RELEVANT PEER GROUP INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION POSTS UNAUDITED FINANCIAL STATEMENTS IN THE LOBBY OF THE CREDIT UNION BRANCH, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.