2021-04-29T16:11:59-05:00 2020-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2020-01-01 041896000 LIBERTY BAY CREDIT UNION LIBE 6174396500 300 GRANITE STREET BRAINTREE MA 02184 GEORGE KELLY SVP, CHIEF STRATEGY OFFICER 6174396500 2021-04-28 1 GEORGE KELLY 999009999 SEAN MCNEIL CPA P01731264 6176968900 2021-04-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GEORGE KELLY 300 GRANITE STREET BRAINTREE MA 02184 48215135 0 X WWW.LIBERTYBAYCU.ORG X CREDIT UNION 1917 MA TO OFFER FINANCIAL SERVICES. 13 9 97 10 0 0 0 0 24578956 22410666 3999716 3339318 0 0 28578672 25749984 11500 11500 0 0 11920889 11418178 0 0 0 15587144 12987544 27519533 24417222 1059139 1332762 669863600 701131908 567389153 594245228 102474447 106886680 LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES. 0 0 LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 10645 0 1 97 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 9 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X GEORGE KELLY 6174396500 300 GRANITE STREET BRAINTREE MA 02184 GERARD BURM TREASURER 4.00 X 9000 0 82 EUGENE LEAHY DIRECTOR 2.00 X 0 0 51 EDWARD MCCOLGAN VICE CHAIRMAN 2.00 X 0 0 82 THOMAS J FLYNN DIRECTOR 2.00 X 0 0 82 EDWARD R FOLEY CHAIRMAN 8.00 X 18000 0 82 PATRICK J FOLEY DIRECTOR 2.00 X 0 0 204 ROBERT B FOLEY JR DIRECTOR 2.00 X 0 0 133 DENNIS J SIRACUSA FORMER SECRETARY 4.00 X 7500 0 111 STEPHEN J KELLEY SR DIRECTOR 2.00 X 0 0 82 WILLIAM T MURPHY DIRECTOR 2.00 X 0 0 51 MICHAEL F MCCARTHY DIRECTOR 2.00 X 0 0 51 ROBERT J MITCHELL DIRECTOR 2.00 X 0 0 51 SEAN CASHMAN SECRETARY 2.00 X 2250 0 204 PETER LINCOLN 2ND VICE CHAIRMAN 2.00 X 0 0 51 WINIFRED BOLTER FORMER DIRECTOR 40.00 X 0 0 51 STEPHEN FULCHINI SVP, INFORMATION TECHNOLOG 40.00 X 212868 0 33334 KATHERINE PEILA CHIEF ADMIN OFFICER 40.00 X 246954 0 37351 FREDERICK WILLIAMS SVP AND CFO 40.00 X 233942 0 46473 M LYNDON MATTESON III PRESIDENT / CEO 40.00 X 446758 0 38031 JOHN PARILLO SENIOR EXECUTIVE VICE PRES 40.00 X 395105 0 38031 PAUL GRAVELLESE SVP & SENIOR LENDING OFFIC 40.00 X 216732 0 31204 GEORGE KELLY SVP & CHIEF STRATEGY OFFIC 40.00 X 232537 0 46927 BRIAN LEARY DIRECTOR OF ADVANCED MEMBE 40.00 X 152657 0 26469 STEPHEN HILE MORTGAGE LOAN OFFICER 40.00 X 299557 0 37325 PAOLA FERRARA MORTGAGE LOAN OFFICER 40.00 X 286841 0 51468 MARGUERITE MURPHY VP MORTGAGE 40.00 X 155361 0 26739 JAMES DOWLING CONTROLLER 40.00 X 148006 0 37880 3064068 0 452600 22 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 CORE PROVIDER 722599 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 DATA PROCESSING 443355 GETFUSED 285 SUMMER ST 100 BOSTON MA 02210 BRANDING, MARKETING, DESIGN & TECHNOLOGY 236129 SPECTROTEL PO BOX 1949 NEWARK NJ 07101 TELECOMMUNICATION 150291 LUCRO COMMERCIAL SOLUTIONS INC 3692 COOLIDGE CT TALLAHASSEE FL 32311 CUSO - COMMERICAL LOANS 126048 5 LOAN INTEREST 522100 19004714 19004714 FEES ON ACCOUNTS 522100 2346628 2346628 MISCELLANEOUS INCOME 522100 1059324 1059324 22410666 2905514 2905514 22898955 22465151 433804 433804 433804 25749984 22844470 0 2905514 11500 3516668 5412459 520234 1388517 580300 65139 79175 301266 204087 1253614 54259 3551765 654290 PROVISION FOR LOAN LOSS 1610000 MISCELLANEOUS 1576206 EQUIPMENT MAINTENANCE 1204380 LOAN COLLECTION & OTHER 617338 1816025 24417222 17560941 24821104 12691424 13476519 8825619 14460794 456566398 462634901 1843069 1572990 11716035 7851064 4369372 3864971 154742584 167458112 9863431 9460893 3400762 3381624 669863600 701131908 4452966 4200141 81000000 60000000 481936187 530045087 567389153 594245228 X 0 0 0 0 102474447 106886680 102474447 106886680 669863600 701131908 X 1332762 3053023 26448 X X 0 1 X 1 0 409500 409500 1329658 260337 1069321 2128541 970915 1157626 3504979 2526191 978788 4343357 4093621 249736 3864971 MEMBER DEPOSITS 530045087 530045087 25749984 0 25749984 0 25749984 24417222 0 24417222 0 24417222 1 SCHOLARSHIPS TO ENROLLED COLLEGE FRESHMAN WHO ARE MEMBERS OF LBCU - MADE PAYABLE TO THE MEMBERS 11 11500 1 X X X X 0 0 0 M LYNDON MATTESON III PRESIDENT / CEO 401129 0 45629 0 0 0 28500 0 9531 0 484789 0 0 0 JOHN PARILLO SENIOR EXECUTIVE VICE PRES 285105 0 110000 0 0 0 28500 0 9531 0 433136 0 0 0 PAOLA FERRARA MORTGAGE LOAN OFFICER 286341 0 500 0 0 0 28500 0 22968 0 338309 0 0 0 STEPHEN HILE MORTGAGE LOAN OFFICER 299057 0 500 0 0 0 28500 0 8825 0 336882 0 0 0 KATHERINE PEILA CHIEF ADMIN OFFICER 184054 0 62900 0 0 0 24695 0 12656 0 284305 0 0 0 FREDERICK WILLIAMS SVP AND CFO 172742 0 61200 0 0 0 23394 0 23079 0 280415 0 0 0 GEORGE KELLY SVP & CHIEF STRATEGY OFFIC 171337 0 61200 0 0 0 23254 0 23673 0 279464 0 0 0 PAUL GRAVELLESE SVP & SENIOR LENDING OFFIC 161292 0 55440 0 0 0 21673 0 9531 0 247936 0 0 0 STEPHEN FULCHINI SVP, INFORMATION TECHNOLOG 160506 0 52362 0 0 0 21287 0 12047 0 246202 0 0 0 JAMES DOWLING CONTROLLER 128681 0 19325 0 0 0 14801 0 23079 0 185886 0 0 0 MARGUERITE MURPHY VP MORTGAGE 130661 0 24700 0 0 0 15536 0 11203 0 182100 0 0 0 BRIAN LEARY DIRECTOR OF ADVANCED MEMBE 152157 0 500 0 0 0 15266 0 11203 0 179126 0 0 0 PART I, LINE 4 THE FORMER CHIEF EXECUTIVE OFFICER, EDWARD LOPES, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2014. THE FORMER CHIEF FINANCIAL OFFICER, JOEL KELLER, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2016. THE FORMER SENIOR VICE PRESIDENT OF LENDING AND FINANCE, JOSEPH BEAN, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2017. THE CURRENT CHEIF EXECUTIVE OFFICER, M. LYNDON MATTESON III, WAS PROVIDED A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2020. ED LOPES FORMER PRESIDENT/CEO SERP X 4255269 5203670 0 1 1 JOEL KELLER FORMER EVP/CFO SERP X 1765500 1942162 0 1 1 JOSEPH BEAN FORMER SVP SERP X 1706227 1876884 0 1 1 M LYNDON MATTESON III CHIEF EXECUTIVE OFFICER SERP X 5352000 5438078 0 1 1 14460794 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE FOUR INDIVIDUALS WHOM ARE RELATED ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 DEPOSITORS WITH A MINIMUM OF $5 BALANCE IN THEIR SAVINGS ACCOUNT ARE MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE VOTING RIGHTS WHICH ARE LIMITED TO THE ANNUAL MEETING AND ANY SPECIAL MEETINGS HELD DUE TO CHARTER CHANGES, MERGERS, ETC. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS ARE VOTED BY THE MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CS0 AND PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS THIS ANNUALLY TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE CEO COMPENSATION. MANAGEMENT APPROVES ALL OTHER EMPLOYEE COMPENSATION AND MEETS YEARLY TO REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CALL REPORT AND FINANCIAL INFORMATION IS AVAILABLE THROUGH THE NCUA WEBSITE AND PRIVACY POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FAS158 OCI ADJUSTMENT 26,448. FORM 990, PART IV, LINE 12 AND FORM 990, PART XI, LINE 2B AUDITED FINANCIAL STATEMENTS WERE PREPARED AS OF 09/30/20