2022-11-14T12:30:55-05:00 2021-12-31 472604526 GARVEY STEELE & BANCROFT LLP PO BOX 397 MYSTIC CT 063550397 990 2021-01-01 041103180 CITY OF BOSTON CREDIT UNION CITY 6176352471 1 UNION STREET - 3RD FLOOR BOSTON MA 02108 GREGORY ROONEY CHAIRPERSON 6176354545 2022-11-14 true GREGORY ROONEY 999009999 MICHAEL R GARVEY CPA P00264137 8605369831 2022-11-14 2021 2022-09-23 18:48:47Z GREGORY ROONEY 1 UNION STREET BOSTON MA 02108 115733892 false X WWW.CITYOFBOSTONCU.COM X 1915 MA CREDIT UNION - THRIFT SERVICES 14 11 100 11 39870 0 18138512 17754628 1955971 2428358 1655566 2739572 21750049 22922558 13000 15000 0 8203143 7175766 0 0 13329920 13905336 21546063 21096102 203986 1826456 533323153 650816767 479922219 599040225 53400934 51776542 X CREDIT UNION - THRIFT SERVICES false false MAINTENANCE OF MEMBERS' SHARE ACCOUNTS AND THE INVESTMENT OF SUCH FUNDS. NUMBER OF SHARE ACCOUNTS 56,940. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS 14,181. EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME. false false false false false false false true false true false false false true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false true 17829 0 true 100 true true true false false false false false false false X 14 11 false false false false true true false true true false true true true true true true true false true true false X X CATHERINE MULLEN 6176352471 1 UNION STREET BOSTON MA 02108 NEIL GORDON EX CEO 40.00 X 373756 0 48585 CATHERINE MULLEN VP OF MEMBER 40.00 X 179966 0 43501 KARLA MCCARRON VP OF MARKET 40.00 X 147152 0 43022 ROBERT MCCAULEY VP OF LENDIN 40.00 X 156048 0 33102 RICHARD BONOMO COMPTROLLER 40.00 X 141908 0 24786 JAMES CARDEN CONSUMER LOA 40.00 X 116746 0 38525 AUDREY WALKER OPERATIONS M 40.00 X 110509 0 38496 CAROL DONOVAN HR MANAGER 40.00 X 91534 0 20845 JEREMY PARKER CFO 40.00 X 94664 0 10606 GREGORY ROONEY CHAIRPERSON 5.00 X X 12616 0 246 THOMAS TINLIN TREASURER 5.00 X X 12135 0 246 BRIAN GILL SECRETARY 5.00 X X 11958 0 246 SUSAN CONNOLLY DIRECTOR 5.00 X 1542 0 246 JAMES DRISCOLL DIRECTOR 5.00 X 1059 0 246 KEVIN LINSKEY DIRECTOR 5.00 X 986 0 246 COLEMAN FLAHERTY DIRECTOR 5.00 X 676 0 246 CECIL JONES DIRECTOR 5.00 X 651 0 246 MATTHEW MORONEY DIRECTOR 5.00 X 586 0 246 MARK BERNARD DIRECTOR 5.00 X 482 0 246 CHRISTOPHER STOCKBRIDGE DIRECTOR 5.00 X 470 0 246 STEPHEN GREEN DIRECTOR 5.00 X 396 0 246 NEIL MCGONAGLE DIRECTOR 5.00 X 258 0 246 TIMOTHY SMYTH DIRECTOR 5.00 X 204 0 246 1456302 304912 7 false true false CONNECTICUT ONLINE CONNECTICUT ONLINE 135 DARLING DR 135 DARLING DR AVON CT 06001 DATA PROCESSOR 2005152 BLUE CROSS BLUE SHIELD BLUE CROSS BLUE SHIELD BOX 371318 BOX 371318 PITTSBURGH PA 15250 HEALTH INS 1363374 NES GROUP NES GROUP 905 S MAIN ST BLDG B STE 201 905 S MAINT ST BLDG B STE 201 MANSFIELD MA 02048 ARCHITECT/DESIG 1164365 ONE UNION STREET LTD PARTNERSHIP ONE UNION STREET LTD PARTNERSHIP OLD CITY HALL OLD CITY CALL PORTSMOUTH NH 03801 RENT 558684 BOSTON SYMPHONY ORCHESTRA BOSTON SYMPHONY ORCHESTRA 301 MASSACHUSETTS AVENUE 301 MASSACHUSETTS AVENUE BOSTON MA 02115 326592 16 INTEREST ON LOANS 16760481 16760481 OTHER INCOME 939016 939016 RENTAL INCOME 55131 55131 17754628 1526602 1526602 82451649 11261441 81763514 11047820 688135 213621 901756 901756 MEMBER SERVICE FEES 522100 2699702 2699702 NON MEMBER ATM INCOME 522100 39870 39870 2739572 22922558 22882688 39870 15000 1290244 3673723 457247 1266227 488325 1914363 700692 1947513 1669426 156838 3861685 637183 576343 ATM EXPENSE - MEMBER 582967 PROFESSIONAL FEES 555657 LOAN SERVICING 554536 PROVISION FOR LOAN LOSSES 248113 500020 21096102 0 0 0 82302677 32761634 73344025 33796025 321598162 403350258 508567 388150 20727638 5155407 6961308 15572231 37483045 154694247 1958700 492700 9166669 9761522 533323153 650816767 3296180 3001414 40162 407543 33000000 443585877 595631268 479922219 599040225 X 53400934 51776542 53400934 51776542 533323153 650816767 1826456 -3450848 X false true X true false false true X 3243925 3243925 3380375 1483049 1897326 5421535 2530598 2890937 1778884 1141760 637124 6902919 6902919 15572231 MEMBERS' SHARE & SAVINGS ACCOUNTS 595631268 595631268 X 22922558 22922558 22922558 21096102 21096102 21096102 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES DUE TO MUNICIPALITIES. SCHEDULE D, PAGE 3, PART X THE CREDIT UNION FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, AND HAS EVALUATED ITS POSITIONS TAKEN FOR ALL OPEN YEARS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISLOSURE. CURRENTLY TAX YEARS FROM 2018 THROUGH PRESENT ARE OPEN AND SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. false SCHOLARSHIPS 15 15000 X true true X X X false false false NEIL GORDON EX CEO 373756 24000 24585 422341 CATHERINE MULLEN VP OF MEMBER SERVICE 179966 17500 26001 223467 KARLA MCCARRON VP OF MARKETING 147152 17500 25522 190174 ROBERT MCCAULEY VP OF LENDING 156048 7500 25602 189150 RICHARD BONOMO COMPTROLLER 141908 13500 11286 166694 JAMES CARDEN CONSUMER LOAN MGR 116746 13500 25025 155271 FORM 990, PAGE 2, PART III, LINE 4D EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME. FORM 990, PAGE 6, PART VI, LINE 6 PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF 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 CFO REVIEWS THE RETURN PRIOR TO FILING FOR COMPLETENESS AND ACCURACY AND PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE AND CEO. FORM 990, PAGE 6, PART VI, LINE 12C BY COMMITTEE FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL PHASES OF COMPENSATION. COMPENSATION COMMITTEE COMPRISE OF MEMBERS OF THE BOARD OF DIRECTORS. INDUSTRY SURVEYS ARE UTILIZED TO AID IN DETERMINING APPROPRIATE SALARY RECOMMENDATIONS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL PHASES OF COMPENSATION. COMPENSATION COMMITTEE COMPRISE OF MEMBERS OF THE BOARD OF DIRECTORS. INDUSTRY SURVEYS ARE UTILIZED TO AID IN DETERMINING APPROPRIATE SALARY RECOMMENDATIONS. FORM 990, PAGE 6, PART VI, LINE 19 A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE AREA AT ALL BRANCHES. OTHER INFORMATION IS AVAILABLE UPON REQUEST.