2021-11-15T11:01:37-06:00 2020-12-31 472604526 GARVEY STEELE & BANCROFT LLP PO BOX 397 MYSTIC CT 063550397 990 2020-01-01 041103180 CITY OF BOSTON CREDIT UNION CITY 6176352471 1 UNION STREET - 3RD FLOOR BOSTON MA 02108 RICHARD BONOMO SPECIAL PROJECTS 6176354545 2021-11-08 true RICHARD BONOMO 999009999 MICHAEL R GARVEY CPA P00264137 8605369831 2021-11-08 2020 2022-09-23 18:48:47Z NEIL GORDON ONE UNION STREET BOSTON MA 02108 31638798 false X WWW.CITYOFBOSTONCU.COM X 1915 MA CREDIT UNION - THRIFT SERVICES 14 8 104 8 40941 0 19090482 18138512 2069095 1955971 1996252 1655566 23155829 21750049 11000 13000 0 8016602 8203143 0 0 14398003 13329920 22425605 21546063 730224 203986 455973829 533323153 403224086 479922219 52749743 53400934 X CREDIT UNION - THRIFT SERVICES false false MAINTENANCE OF MEMBERS' SHARE ACCOUNTS AND THE INVESTMENT OF SUCH FUNDS. NUMBER OF SHARE ACCOUNTS 56,042. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS 13,949. EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME. false false false false false false false true false true false false false true false 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 15473 0 true 104 true true true false false false false false false false X 14 8 false false false false true true false true true false true true true true true true true false true true false X X RICHARD BONOMO 6176352471 ONE UNION SREET - 3RD FLOOR BOSTON MA 02108 DANIEL E WALTZ CEO- FORMER 40.00 X 328017 0 34933 CATHERINE MULLEN VP OF MEMBER 40.00 X 198914 0 43159 ANDREW BROWN VP OF FINANC 40.00 X 163741 0 42923 ROBERT MCCAULEY VP OF LENDIN 40.00 X 159874 0 42840 KARLA MCCARRON VP OF MARKET 40.00 X 153222 0 42722 RICHARD BONOMO SPECIAL PROJ 40.00 X 161885 0 24135 JAMES DRISCOLL DIRECTOR/TRE 5.00 X X 8862 0 0 COLEMAN FLAHERTY DIRECTOR 5.00 X 8358 0 0 TIMOTHY SMYTH DIRECTOR 5.00 X 8238 0 0 BRIAN GILL SECRETARY 5.00 X X 3858 0 0 THOMAS TINLIN TREASURER 5.00 X X 3858 0 0 GREGORY ROONEY CHAIRPERSON 5.00 X X 3690 0 0 SUSAN CONNOLLY DIRECTOR 5.00 X 1236 0 0 KEVIN LINSKEY DIRECTOR 5.00 X 762 0 0 STEPHEN GREEN DIRECTOR 5.00 X 396 0 0 CECIL JONES VICE CHAIRPE 5.00 X X 258 0 0 NEIL MCGONAGLE ASSISTANT TR 5.00 X X 258 0 0 MATTHEW MORONEY DIRECTOR 5.00 X 90 0 0 CHRISTOPHER STOCKBRIDGE DIRECTOR 5.00 X 90 0 0 MARK BERNARD DIRECTOR 5.00 X 60 0 0 NEIL GORDON CEO-PRESENT 40.00 X 0 0 0 1205667 230712 6 false true false CONNECTICUT ONLINE CONNECTICUT ONLINE 135 DARLING DR 135 DARLING DR AVON CT 06001 DATA PROCESSOR 2054084 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 1625896 BLUE CROSS BLUE SHIELD BLUE CROSS BLUE SHIELD BOX 371318 BOX 371318 PITTSBURGH PA 15250 HEALTH INS 1315445 ONE UNION STREET LTD PARTNERSHIP ONE UNION STREET LTD PARTNERSHIP OLD CITY HALL OLD CITY CALL PORTSMOUTH NH 03801 RENT 375479 DIEBOLD DIEBOLD PO BOX 643543 PO BOX 643543 PITTSBURGH PA 152643543 ATM SERVICES 312051 17 INTEREST ON LOANS 17554102 17554102 OTHER INCOME 502968 502968 GAIN ON SALE OF ASSETS 53442 53442 RENTAL INCOME 28000 28000 18138512 1768444 1768444 10076276 9888749 187527 187527 187527 MEMBER SERVICE FEES 522100 1614625 1614625 NON MEMBER ATM INCOME 522100 40941 40941 1655566 21750049 21709108 40941 13000 1250359 4835783 441821 1237003 438177 1841681 616335 1910290 1273563 99335 4014090 471322 223917 PROVISION FOR LOAN LOSSES 868171 ATM EXPENSE - MEMBER 748060 PROFESSIONAL FEES 439533 LOAN SERVICING 428916 394707 21546063 0 0 0 13898884 82302677 58023025 73344025 332128878 321598162 252824 508567 11478327 4517019 4507484 6961308 37243199 37483045 2231600 1958700 7687935 9166669 455973829 533323153 3221418 3296180 83386 40162 40000000 33000000 359919282 443585877 403224086 479922219 X 52749743 53400934 52749743 53400934 455973829 533323153 203986 447205 X false true X true false false true X 1229363 1229363 2151012 1433607 717405 6415551 2089128 4326423 1682401 994284 688117 6961308 MEMBERS' SHARE & SAVINGS ACCOUNTS 443585877 443585877 21750049 21750049 21750049 21546063 21546063 21546063 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES DUE TO MUNICIPALITIES. false SCHOLARSHIPS 13 13000 X true true X X X false false false DANIEL E WALTZ CEO- FORMER 325695 2322 24000 10933 362950 CATHERINE MULLEN VP OF MEMBER SERVICE 197600 1314 17500 25659 242073 ANDREW BROWN VP OF FINANCE 161677 2064 17500 25423 206664 ROBERT MCCAULEY VP OF LENDING 156825 3049 17500 25340 202714 KARLA MCCARRON VP OF MARKETING 151313 1909 17500 25222 195944 RICHARD BONOMO SPECIAL PROJECTS 159780 2105 13000 11135 186020 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.