BRIGHTBRIDGE CREDIT UNION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: BRIGHTBRIDGE CREDIT UNION (EIN 04-2206928)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-12
IRS object ID: 202113169349300331
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-12T08:07:57-06:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	042513210	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GERALD T REILLY & COMPANY	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	424 ADAMS STREET	AddressLine1Txt
City	MILTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02186	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	042206928	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MERRIMACK VALLEY CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MERR	BusinessNameControlTxt
Phone	5082792400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 MERRIMACK STREET	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01843	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL E VALLEY	PersonNm
Person Title	EVP/CFO & COO	PersonTitleTxt
Phone	5082792400	PhoneNum
Signature	2021-11-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MICHAEL	PersonFirstNm
Person Last	VALLEY	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	STEPHEN A ROLLINS CPA	PreparerPersonNm
PTIN	P01438963	PTIN
Phone	6176968900	PhoneNum
Preparation	2021-11-09	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOHN J HOWARD	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 MERRIMACK STREET	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01843	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$93,980,993	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.MVCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1955	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	MEMBER OWNED FINANCIAL INSTITUTION OFFERING A VARIETY OF SAVINGS AND LOAN PRODUCTS.	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	225	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$188,636	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$67,022	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$34,959,824	PYProgramServiceRevenueAmt
CY Program Service Revenue	$38,908,034	CYProgramServiceRevenueAmt
PY Investment Income	$7,207,010	PYInvestmentIncomeAmt
CY Investment Income	$6,257,075	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$42,166,834	PYTotalRevenueAmt
CY Total Revenue	$45,165,109	CYTotalRevenueAmt
PY Grants And Similar Paid	$125,433	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$152,586	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$7,522,050	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$7,461,214	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$14,178,217	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$16,664,757	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$16,473,254	PYOtherExpensesAmt
CY Other Expenses	$19,861,294	CYOtherExpensesAmt
PY Total Expenses	$38,298,954	PYTotalExpensesAmt
CY Total Expenses	$44,139,851	CYTotalExpensesAmt
PY Revenues Less Expenses	$3,867,880	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,025,258	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,074,575,376	TotalAssetsBOYAmt
Total Assets EOY	$1,248,774,526	TotalAssetsEOYAmt
Total Liabilities BOY	$970,250,139	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,137,594,965	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$104,325,237	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$111,179,561	NetAssetsOrFundBalancesEOYAmt
Mission	TO SERVE OUR COMMUNITY AND PARTNER WITH OUR MEMBERS TO OFFER VALUE ADDED FINANCIAL PRODUCTS, SERVICES, SOLUTIONS AND EXCELLENT MEMBER SERVICE.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	SERVE APPROXIMATELY 84,000 MEMBERS OFFERING A WIDE VARIETY OF LOAN AND DEPOSIT PRODUCTS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16426	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	225	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MICHAEL VALLEY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5082792412	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	500 MERRIMACK STREET	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01843	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
DOMENIC MAZZOCOO
CHAIRMAN	3.00	Yes (X)	Yes (X)	$0	$0	$0
ARTHUR O'DEA
2ND VICE CHAIR	3.00	Yes (X)	Yes (X)	$0	$0	$0
MAUREEN RONAYNE
SECRETARY	3.00	Yes (X)	Yes (X)	$0	$0	$0
MUKESH DAVE
TREASURER	3.00	Yes (X)	Yes (X)	$0	$0	$0
CATHERINE DEBURRO
DIRECTOR	3.00	Yes (X)		$0	$0	$0
RONALD GUILMETTE
DIRECTOR	3.00	Yes (X)		$0	$0	$0
AUGUSTINE LONGO JR
DIRECTOR	3.00	Yes (X)		$0	$0	$0
PETER A MILLS
DIRECTOR	3.00	Yes (X)		$0	$0	$0
ALEXANDER OSKI
DIRECTOR	3.00	Yes (X)		$0	$0	$0
LEON PRATT JR
DIRECTOR	3.00	Yes (X)		$0	$0	$0
MICHAEL M SAYLER
DIRECTOR	3.00	Yes (X)		$0	$0	$0
DAVID LONDON
ASSISTANT TREASURER	3.00	Yes (X)	Yes (X)	$0	$0	$22,809
STEPHANIE SOUSA
DIRECTOR	3.00	Yes (X)		$0	$0	$9,795
MARY K BRIAND
DIRECTOR	3.00	Yes (X)		$0	$0	$26
BERNARD MULHOLLAND
1ST VICE CHAIR	3.00	Yes (X)	Yes (X)	$0	$0	$6,108
DAVID THOMAS
DIRECTOR	3.00	Yes (X)		$0	$0	$910
JOHN HOWARD
PRESIDENT/CEO	37.50		Yes (X)	$530,074	$0	$56,035
MICHAEL VALLEY
EVP/CFO & COO	37.50		Yes (X)	$239,520	$0	$25,310
LAURA WANTE
SVP HUMAN RESCOURCES	37.50		Yes (X)	$203,315	$0	$7,746
BRAD EGAN
EVP/CHIEF LENDING OFFICER	37.50		Yes (X)	$220,408	$0	$31,188
DANTE DIMASSA
VP RESIDENTAL LENDING	37.50		Yes (X)	$176,808	$0	$27,432
JAN WHITE
VP CONTROLLER	37.50		Yes (X)	$36,726	$0	$8,299
YEAN-AI LONG
SVP MARKETING	37.50		Yes (X)	$182,492	$0	$34,640
MICHAEL PLISKANER
SVP / IT	37.50		Yes (X)	$183,573	$0	$15,755
ANTHONY MARINO
SVP / ORGANIZATION DEVELOPMENT	37.50		Yes (X)	$178,234	$0	$15,376
JOHN MACKENZIE
VP FINANCE	37.50		Yes (X)	$149,855	$0	$24,694
ROBERT CABRAL
VP CONSUMER LENDING MANAGER	37.50		Yes (X)	$142,319	$0	$10,341
CHRISTINE RONCA
VP RETAIL OPERATIONS	37.50		Yes (X)	$153,963	$0	$13,018
TRACY MERMET
VP HUMAN RESOURCES	37.50		Yes (X)	$136,901	$0	$31,411
JOHN HIMMEL
VP COLLECTIONS	37.50		Yes (X)	$129,170	$0	$29,820
BRUCE NEWTON
VP CALL CENTER MANAGER	37.50		Yes (X)	$53,321	$0	$2,511
LOUIS SERIO
VP IT	37.50		Yes (X)	$136,746	$0	$11,670
CHERIE LISEE
VP RISK MANAGEMENT	37.50		Yes (X)	$122,712	$0	$8,510
THERESA HAYES
VP ONLINE & DIGITAL CHANNELS	37.50		Yes (X)	$117,483	$0	$22,998
ROBERT PIEPENBURG
VP COMMERCIAL LENDING	37.50		Yes (X)	$111,155	$0	$5,860

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,204,775	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$422,262	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	17	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
THE APPRAISAL HUB LLC
900 WASHINGTON ST	NORWOOD	MA	02062	APPRAISAL SERVICES	$330,760
AGS SUBURBAN LLC
PO BOX 412861	BOSTON	MA	02241	CLEANING SERVICES	$206,240
NUTTER MCCLENNEN & FISH LLP
155 SEAPORT BLVD	BOSTON	MA	02210	LEGAL SERVICES	$191,384
PARTNERS IN LEADERSHIP LLC
27555 YNEZ ROAD SUITE 300	TEMECULA	CA	92591	CONSULTING	$152,076
CLIFTON LARSON ALLEN LLP
TWO INTERNATIONAL PLACE	BOSTON	MA	02110	AUDIT & TAX SERVICES	$124,547

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	9	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST FEE	522100	$29,737,728	$29,737,728
FEE INCOME	522100	$8,647,486	$8,458,850	$188,636
OTHER OPERATING INCOME	522100	$522,820	$522,820

Field	Value	IRS element (for citing)
Total Program Service Revenue	$38,908,034	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,452,022	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,452,022	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$49,620,937	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$48,815,884	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$805,053	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$805,053	TotalRevenueColumnAmt
Exclusion	$805,053	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$45,165,109	TotalRevenueColumnAmt
Related Or Exempt Func Income	$44,171,420	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$188,636	UnrelatedBusinessRevenueAmt
Exclusion	$805,053	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$152,586	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$7,461,214	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$3,627,037	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$9,704,307	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$783,760	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,626,826	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$922,827	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$929,421	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$295,187	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$411,629	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$238,741	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,188,530	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,390,632	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,376,536	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,116,172	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$35,364	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$888,559	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,289,491	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$422,152	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$2,548,688
ATM EXPENSE	$1,545,711
LOAN SERVICING EXPENSE	$1,536,350
INTANGIBLE AMORTIZATION	$1,465,169

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,182,962	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$44,139,851	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,742,877	BOYAmt
EOY	$7,696,909	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$47,177,945	BOYAmt
EOY	$119,812,508	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$18,216,451	BOYAmt
EOY	$18,333,608	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$701,824,596	BOYAmt
EOY	$726,485,713	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$442,186	BOYAmt
EOY	$726,614	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$31,807,970	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$16,727,053	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$15,843,491	BOYAmt
EOY	$15,080,917	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$266,943,029	BOYAmt
EOY	$321,665,442	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$1,071,782	BOYAmt
EOY	$4,698,150	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,401,664	BOYAmt
EOY	$2,936,495	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$13,911,355	BOYAmt
EOY	$31,338,170	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,074,575,376	BOYAmt
EOY	$1,248,774,526	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,960,392	BOYAmt
EOY	$3,177,744	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$2,928,343	BOYAmt
EOY	$3,394,964	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$41,206,998	BOYAmt
EOY	$46,559,846	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$924,154,406	BOYAmt
EOY	$1,084,462,411	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$970,250,139	BOYAmt
EOY	$1,137,594,965	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$104,325,237	BOYAmt
EOY	$111,179,561	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$104,325,237	BOYAmt
EOY	$111,179,561	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,074,575,376	BOYAmt
EOY	$1,248,774,526	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$1,025,258	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$4,429,885	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$1,399,181	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,341,270	OtherCostOrOtherBasisAmt
Book Value	$3,341,270	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,128,059	OtherCostOrOtherBasisAmt
Depreciation	$4,903,859	DepreciationAmt
Book Value	$9,224,200	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,204,915	OtherCostOrOtherBasisAmt
Depreciation	$5,071,216	DepreciationAmt
Book Value	$1,133,699	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,103,866	OtherCostOrOtherBasisAmt
Depreciation	$6,747,499	DepreciationAmt
Book Value	$1,356,367	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$29,860	OtherCostOrOtherBasisAmt
Depreciation	$4,479	DepreciationAmt
Book Value	$25,381	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$15,080,917	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	SECURITIES - AVAILABLE FOR SALE	Desc
Book Value	$321,665,442	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$321,665,442	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER SHARE AND DEPOSIT ACCOUNTS	Desc
Amt	$1,084,462,411	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,084,462,411	TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART IV, LINE 2B:	FormAndLineReferenceDesc
Explanation	ESCROW PAYABLE IS FOR REAL ESTATE TAXES ON FICS LOANS.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt	IRC SectionIRCSectionDesc
LAWRENCE PARTNERSHIPS
420 COMMON ST	LAWRENCE	MA	01841	043479606	$10,000	GENERAL SUPPORT
CITY OF LAWRENCE - LAWRENCE PUBLIC LIBRARY PARTNERSHIP
200 COMMON ST	LAWRENCE	MA	01840		$17,000	GENERAL SUPPORT
EMMAUS INC
127 HOW STREET	HAVERHILL	MA	01830	222702774	$23,350	ANNUAL SPONSORSHIP AND GENERAL SUPPORT	501(C)(3)
CU KIDS AT HEART
35 CORPORATE DRIVE SUITE 300	BURLINGTON	MA	01803	814905853	$13,776	GENERAL SUPPORT	501(C)(3)

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	CREDIT UNION PROVIDES GRANTS TO HELP IMPROVE COMMUNITY.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN HOWARD
PRESIDENT/CEO	$530,074	$0	$0	$0	$0	$0	$33,303	$0	$22,732	$0	$586,109	$0	$0	$0
MICHAEL VALLEY
EVP/CFO & COO	$239,520	$0	$0	$0	$0	$0	$16,766	$0	$8,544	$0	$264,830	$0	$0	$0
BRAD EGAN
EVP/CHIEF LENDING OFFICER	$220,408	$0	$0	$0	$0	$0	$15,429	$0	$15,759	$0	$251,596	$0	$0	$0
YEAN-AI LONG
SVP MARKETING	$182,492	$0	$0	$0	$0	$0	$12,054	$0	$22,586	$0	$217,132	$0	$0	$0
LAURA WANTE
SVP HUMAN RESCOURCES	$203,315	$0	$0	$0	$0	$0	$5,292	$0	$2,454	$0	$211,061	$0	$0	$0
DANTE DIMASSA
VP RESIDENTAL LENDING	$176,808	$0	$0	$0	$0	$0	$12,377	$0	$15,055	$0	$204,240	$0	$0	$0
MICHAEL PLISKANER
SVP / IT	$183,573	$0	$0	$0	$0	$0	$12,850	$0	$2,905	$0	$199,328	$0	$0	$0
ANTHONY MARINO
SVP / ORGANIZATION DEVELOPMENT	$178,234	$0	$0	$0	$0	$0	$12,477	$0	$2,899	$0	$193,610	$0	$0	$0
JOHN MACKENZIE
VP FINANCE	$149,855	$0	$0	$0	$0	$0	$10,490	$0	$14,204	$0	$174,549	$0	$0	$0
TRACY MERMET
VP HUMAN RESOURCES	$136,901	$0	$0	$0	$0	$0	$9,583	$0	$21,828	$0	$168,312	$0	$0	$0
CHRISTINE RONCA
VP RETAIL OPERATIONS	$153,963	$0	$0	$0	$0	$0	$10,777	$0	$2,241	$0	$166,981	$0	$0	$0
JOHN HIMMEL
VP COLLECTIONS	$129,170	$0	$0	$0	$0	$0	$9,042	$0	$20,778	$0	$158,990	$0	$0	$0
ROBERT CABRAL
VP CONSUMER LENDING MANAGER	$142,319	$0	$0	$0	$0	$0	$8,868	$0	$1,473	$0	$152,660	$0	$0	$0

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
PETER MATTHEWS
FORMER CEO/PRESIDENT	SPLIT DOLLAR LOAN	Yes (X)	$1,553,869	$850,000	0	Yes (1)	Yes (1)
JOHN J HOWARD
CEO/PRESIDENT	SPLIT DOLLAR LOAN	Yes (X)	$8,135,738	$17,483,608	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$18,333,608	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	DEPOSITORS WITH A MINIMUM BALANCE OF $5 IN THEIR SAVINGS ACCOUNT ARE MEMBERS AND EACH MEMBER HAS EQUAL VOTING RIGHTS.
FORM 990, PART VI, SECTION A, LINE 7A	THE BOARD OF DIRECTORS ARE VOTED BY THE MEMBERS AT THE ANNUAL MEETING
FORM 990, PART VI, SECTION A, LINE 7B	ELECTION OF DIRECTORS, CHARTER CHANGES, AND MERGERS REQUIRE A VOTE BY THE MEMBERS
FORM 990, PART VI, SECTION B, LINE 11B	THE CONTROLLER AND/OR CFO WILL PRESENT THE 990 TO THE CEO AND AUDIT COMMITTEE FOR FINAL REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST MUST BE DISCLOSED PURSUANT TO THE POLICY. SUCH DISCLOSURES MUST BE MADE IN WRITING TO THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER MUST RETAIN THOSE DISCLOSURES. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE CEO'S SALARY STRUCTURE BASED UPON MARKET DATA SUBSCRIBED BY THE SVP OF HR. THE CU USES COMPENSATION SURVEYS FOR GENERAL PAY SCALES AND TOM WARREN AND ASSOCIATES TO COMPLETE A SALARY STRUCTURE REALIGNMENT. THIS PROCESS WAS MOST RECENTLY COMPLETED IN [2019].
FORM 990, PART VI, SECTION C, LINE 19	THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE IN THE LOBBY OF EACH BRANCH. THE CREDIT UNION'S CALL REPORT INFORMATION IS AVAILABLE ON THE NCUA WEBSITE.
FORM 990, PART XI, LINE 9:	EQUITY ACQUIRED IN MERGER 1,399,181.
FORM 990, PART XII, LINE 2C	THE PROCESS HAS NOT CHANGED.