2021-11-12T12:11:48-06:00 2020-12-31 472604526 GARVEY STEELE & BANCROFT LLP PO BOX 397 MYSTIC CT 063550397 990 2020-01-01 041126132 BROTHERHOOD CREDIT UNION BROT 7815985555 75 MARKET STREET LYNN MA 01901 ADAM H SHERMAN PRESIDENT 7815985555 2021-11-09 true ADAM SHERMAN 999009999 MICHAEL R GARVEY CPA P00264137 8605369831 2021-11-12 2020 2022-09-23 18:48:47Z ADAM H SHERMAN 75 MARKET STREET LYNN MA 01901 301182 false X BROTHERHOODCU.ORG X 1934 MA CREDIT UNION MEMBER SERVICES 10 9 22 9 9162 0 1684364 1645372 1403260 -1577098 228097 232908 3315721 301182 3000 4000 0 1643965 1546527 0 0 1590059 1689553 3237024 3240080 78697 -2938898 108574290 111724882 64034007 70123497 44540283 41601385 CREDIT UNION MEMBER SERVICES false false MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 6,707. NUMBER OF LOAN ACCOUNTS IS 1,086. false false false false false false false true false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 1288 0 true 22 true true true false false false false false false false X 10 9 true false false false true true true true true false true true false false false false true true false MA X X ADAM H SHERMAN 7815985555 75 MARKET STREET LYNN MA 01901 MARILYN DESIMONE SR OPERATION 40.00 X 137747 0 32398 ADAM H SHERMAN PRESIDENT 40.00 X 124634 0 31443 JAMES J SHERMAN DIRECTOR 10.00 X 124226 0 8505 JOSE ALAS-RUIZ DIRECTOR 2.00 X 0 0 0 MICHAEL COHEN DIRECTOR 2.00 X 0 0 0 HOWARD FIELD DIRECTOR 2.00 X 0 0 0 RICHARD KESSEL DIRECTOR 2.00 X 0 0 0 DARREN KLEIN DIRECTOR 2.00 X 0 0 0 HUBERT KREPLICK CLERK 2.00 X X 0 0 0 SCOTT SAGAN DIRECTOR 2.00 X 0 0 0 EDWARD I SHADOFF DIRECTOR 2.00 X 0 0 0 MARTIN SHUMAN TREASURER 3.00 X X 0 0 0 386607 72346 3 false true false FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 IT 330938 1 INTEREST ON LOANS 1645372 1645372 1645372 -1577098 -1577098 MISCELLANEOUS 118309 118309 SERVICE CHARGES AND FEES 97925 97925 ATM FEES 522100 8014 8014 8660 7512 1148 232908 301182 292020 9162 4000 458953 802019 46606 142422 96527 3120 22450 127212 59719 319563 165385 2840 545554 88759 45370 ELAN EXPENSE 83953 SHARE DRAFT PROCESSING 53798 MAINTENANCE 39138 LOAN SERVICING 32419 100273 3240080 0 0 0 4053266 7186648 38491080 35680149 44929340 48457990 107187 73905 2712866 1981025 765048 731841 19108113 18468887 164000 164000 956256 961462 108574290 111724882 42507 57127 326177 373573 63665323 69692797 64034007 70123497 X 44540283 41601385 44540283 41601385 108574290 111724882 -2938898 X false false false false true X 49000 49000 1894822 1276741 618081 99105 99105 42221 42221 627718 562958 64760 731841 MEMBER DEPOSIT ACCOUNTS 69712857 OTHER LIABILITIES-SUSPENSE ACCOUNTS -20060 69692797 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. X true true X X X false false false MARILYN DESIMONE SR OPERATION OFFICER 137247 500 10034 22364 170145 ADAM H SHERMAN PRESIDENT 124634 9115 22328 156077 FORM 990, PAGE 1, PART I, LINE 6 BOARD OF DIRECTORS WHO ARE VOLUNTEERS AND RECEIVE NO COMPENSATION FOR THEIR SERVICES. FORM 990, PAGE 6, PART VI, LINE 2 JAMES J. SHERMAN HUBERT KREPLICK PRESIDENT DIRECTOR BROTHER IN LAW DARREN KLEIN HUBERT KREPLICK DIRECTOR DIRECTOR SON IN LAW DARREN KLEIN JAMES J. SHERMAN DIRECTOR PRESIDENT NEPHEW ADAM H. SHERMAN JAMES J. SHERMAN CFO PRESIDENT SON ADAM H. SHERMAN HUBERT KREPLICK CFO DIRECTOR NEPHEW FORM 990, PAGE 6, PART VI, LINE 6 PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS'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 7B ANY CHANGES TO THE INCORPORATING DOCUMENTS, I.E. BYLAWS ARE APPROVED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 AND 990T ARE REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE FIRST. THE BOARD THEN REVIEWS AND VOTES TO ACCEPT. DUE TO THE TIMING OF THE PREPARATION OF THE RETURN, THE REVIEW MAY BE AFTER THE RETURN IS FILED. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO/TOP MANAGEMENT IS APPROVED BY THE BOARD. ANY INCREASE IS NOTED IN THE MINUTES. A COMPARISON OF THE INDUSTRY IS PERFORMED. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR THE CEO/TOP MANAGEMENT IS APPROVED BY THE BOARD. ANY INCREASE IS NOTED IN THE MINUTES. A COMPARISON OF THE INDUSTRY IS PERFORMED. FORM 990, PAGE 6, PART VI, LINE 19 INFORMATION IS POSTED IN THE CREDIT UNION LOBBY AND AVAILABLE UPON REQUEST.