BROTHERHOOD CREDIT UNION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: BROTHERHOOD CREDIT UNION (EIN 04-1126132)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-12
IRS object ID: 202013179349301331
Schema version: 2019v5.0
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 J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-12T08:47:43-06:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	472604526	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GARVEY STEELE & BANCROFT LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 397	AddressLine1Txt
City	MYSTIC	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	063550397	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	041126132	EIN

Business Name BusinessName

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

Field	Value	IRS element (for citing)
Business Name Control	BROT	BusinessNameControlTxt
Phone	7815985555	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	75 MARKET STREET	AddressLine1Txt
City	LYNN	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01901	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ADAM H SHERMAN	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	7815985555	PhoneNum
Signature	2020-11-12	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MICHAEL R GARVEY CPA	PreparerPersonNm
PTIN	P00264137	PTIN
Phone	8605369831	PhoneNum
Preparation	2020-11-12	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	23.30.174.89	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-12	IPDt
IP Tm	08:47:43	IPTm
IP Timezone	CS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	B2254A06A2C91071D1D5A32245BC2B972FCA5CF6	AtSubmissionCreationDeviceId
At Submission Filing Device Id	6BDD9D78118851DB28C1934977A64F3FE6C32256	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-01-07 14:23:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	ADAM H SHERMAN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	75 MARKET STREET	AddressLine1Txt
City	LYNN	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01901	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,315,721	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	BROTHERHOODCU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1934	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	CREDIT UNION MEMBER SERVICES	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	21	TotalEmployeeCnt
Total Volunteers	9	TotalVolunteersCnt
Total Gross UBI	$10,938	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$1,599,538	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,684,364	CYProgramServiceRevenueAmt
PY Investment Income	$1,252,170	PYInvestmentIncomeAmt
CY Investment Income	$1,403,260	CYInvestmentIncomeAmt
PY Other Revenue	$264,253	PYOtherRevenueAmt
CY Other Revenue	$228,097	CYOtherRevenueAmt
PY Total Revenue	$3,115,961	PYTotalRevenueAmt
CY Total Revenue	$3,315,721	CYTotalRevenueAmt
PY Grants And Similar Paid	$4,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$3,000	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,404,671	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,643,965	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,485,024	PYOtherExpensesAmt
CY Other Expenses	$1,590,059	CYOtherExpensesAmt
PY Total Expenses	$2,893,695	PYTotalExpensesAmt
CY Total Expenses	$3,237,024	CYTotalExpensesAmt
PY Revenues Less Expenses	$222,266	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$78,697	CYRevenuesLessExpensesAmt
Total Assets BOY	$105,972,783	TotalAssetsBOYAmt
Total Assets EOY	$108,574,290	TotalAssetsEOYAmt
Total Liabilities BOY	$64,649,542	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$64,034,007	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$41,323,241	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$44,540,283	NetAssetsOrFundBalancesEOYAmt
Mission	CREDIT UNION MEMBER SERVICES	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 6,855. NUMBER OF LOAN ACCOUNTS IS 1,166.	Desc
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	1296	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	21	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (true)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	Yes (true)	LocalChaptersInd
Policies Reference Chapters	Yes (true)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	false	ConflictOfInterestPolicyInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	ADAM H SHERMAN	PersonNm
Phone	7815985555	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	75 MARKET STREET	AddressLine1Txt
City	LYNN	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01901	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
JAMES J SHERMAN
PRESIDENT &	40.00	Yes (X)	Yes (X)	$168,801	$0	$16,655
MARILYN DESIMONE
SR OPERATION	40.00		Yes (X)	$138,156	$0	$20,480
ADAM H SHERMAN
CFO	40.00		Yes (X)	$102,563	$0	$31,112
JOSE ALAS-RUIZ
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MICHAEL COHEN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
HOWARD FIELD
DIRECTOR	2.00	Yes (X)		$0	$0	$0
RICHARD KESSEL
DIRECTOR	2.00	Yes (X)		$0	$0	$0
DARREN KLEIN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
HUBERT KREPLICK
CLERK	2.00	Yes (X)	Yes (X)	$0	$0	$0
SCOTT SAGAN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
EDWARD I SHADOFF
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MARTIN SHUMAN
TREASURER	3.00	Yes (X)	Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$409,520	TotalReportableCompFromOrgAmt
Total Other Compensation	$68,247	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FISERV INC	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	255 FISERV DRIVE	AddressLine1Txt
City	BROOKFIELD	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	53045	ZIPCd

Field	Value	IRS element (for citing)
Services	IT	ServicesDesc
Compensation	$320,088	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	INTEREST ON LOANS	Desc
Total Revenue Column	$1,684,364	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,684,364	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,684,364	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,403,260	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,403,260	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MISCELLANEOUS	$141,610	$141,610
SERVICE CHARGES AND FEES	$64,193	$64,193
MEMBER INSURANCE	$11,356	$11,356

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$10,938	TotalRevenueColumnAmt
Unrelated Business Revenue	$10,938	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$228,097	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,315,721	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,304,783	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$10,938	UnrelatedBusinessRevenueAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$3,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$477,767	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$856,721	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$61,195	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$143,448	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$104,834	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$3,260	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$19,842	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$99,039	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$50,531	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$280,234	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$167,098	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$29,991	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$544,607	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$70,226	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$43,758	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
ELAN EXPENSE	$76,740
SHARE DRAFT PROCESSING	$46,686
MAINTENANCE	$35,564
LOAN SERVICING	$28,055

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$94,428	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,237,024	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,820,146	BOYAmt
EOY	$4,053,266	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$39,461,924	BOYAmt
EOY	$38,491,080	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$412,202	BOYAmt
EOY	$397,545	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$44,794,676	BOYAmt
EOY	$44,531,795	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$73,887	BOYAmt
EOY	$107,187	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,657,313	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,892,265	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$771,311	BOYAmt
EOY	$765,048	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$16,472,542	BOYAmt
EOY	$19,108,113	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$164,000	BOYAmt
EOY	$164,000	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,002,095	BOYAmt
EOY	$956,256	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$105,972,783	BOYAmt
EOY	$108,574,290	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$105,522	BOYAmt
EOY	$42,507	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$347,745	BOYAmt
EOY	$326,177	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$64,196,275	BOYAmt
EOY	$63,665,323	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$64,649,542	BOYAmt
EOY	$64,034,007	EOYAmt

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

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$41,323,241	BOYAmt
EOY	$44,540,283	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$41,323,241	BOYAmt
EOY	$44,540,283	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$105,972,783	BOYAmt
EOY	$108,574,290	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$78,697	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$3,138,345	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

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

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$49,000	OtherCostOrOtherBasisAmt
Book Value	$49,000	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,868,722	OtherCostOrOtherBasisAmt
Depreciation	$1,224,712	DepreciationAmt
Book Value	$644,010	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$99,105	OtherCostOrOtherBasisAmt
Depreciation	$99,105	DepreciationAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$42,221	OtherCostOrOtherBasisAmt
Depreciation	$42,221	DepreciationAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$598,265	OtherCostOrOtherBasisAmt
Depreciation	$526,227	DepreciationAmt
Book Value	$72,038	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$765,048	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
MEMBER DEPOSIT ACCOUNTS	$63,640,099
OTHER LIABILITIES-SUSPENSE ACCOUNTS	$25,224

Field	Value	IRS element (for citing)
Total Liability	$63,665,323	TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE D, PAGE 2, PART IV, LINE 2B	FormAndLineReferenceDesc
Explanation	MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount
JAMES J SHERMAN
PRESIDENT & DIRECTOR	$168,801	$16,050	$605	$185,456
MARILYN DESIMONE
SR OPERATION OFFICER	$137,656	$1,326	$19,154	$158,636	$500

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (5 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
ADAM H SHERMAN
CFO	FIRST MORTGAGE	Yes (X)	$390,000	$366,057	false	Yes (true)	Yes (true)
DARREN KLEIN
DIRECTOR	AUTO	Yes (X)	$23,326	$16,838	false	Yes (true)	Yes (true)
MICHAEL COHEN
DIRECTOR	MASS HEAT LOAN	Yes (X)	$8,000	$6,400	false	Yes (true)	Yes (true)
HOWARD FIELD
DIRECTOR	AUTO	Yes (X)	$15,025	$5,643	false	Yes (true)	Yes (true)
ADAM H SHERMAN
CFO	HELOC	Yes (X)	$45,000	$2,607	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$397,545	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 4	THE CREDIT UNION'S BYLAWS WERE CHANGED AT A SPECIAL SHAREHOLDERS MEETING ON MAY 7, 2019. THE CHANGE WAS AS FOLLOWS: THE BOARD OF DIRECTORS SHALL CONSIST OF A MINIMUM OF NINE MEMBERS DIVIDED INTO THREE GROUPS, AS NEARLY EQUAL IN NUMBERS AS POSSIBLE. THE TERMS OF THESE GROUPS OF DIRECTORS SHALL EXPIRE IN CONSECUTIVE YEARS.
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.