SERVICE CREDIT UNION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- SERVICE CREDIT UNION (EIN 02-0240752)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-12
- IRS object ID
- 202013179349308471
- Schema version
- 2019v5.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-12T16:52:40-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 EAST THOMAS ROAD SUITE 2300 | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85012 | 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 | 020240752 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SERVICE CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SERV | BusinessNameControlTxt |
| Phone | 6034228300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3003 LAFAYETTE ROAD | AddressLine1Txt |
| City | PORTSMOUTH | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID ARAUJO | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 6034228379 | PhoneNum |
| Signature | 2020-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARY C GREEN | PreparerPersonNm |
| PTIN | P00447183 | PTIN |
| Phone | 6022662248 | PhoneNum |
| Preparation | 2020-11-12 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-12 | IPDt |
| IP Tm | 16:39:06 | IPTm |
| IP Timezone | MS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8ECECD2934116A1446D5A984C58DA1E2D1128512 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C4B0491CFBE2651EC0C519A1515061C5BE45B9DD | 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 | DAVID ARAUJO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3003 LAFAYETTE ROAD | AddressLine1Txt |
| City | PORTSMOUTH | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $212,719,326 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SERVICECU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1957 | FormationYr |
| Legal Domicile State | NH | LegalDomicileStateCd |
| Activity Or Mission | CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 1028 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $6,425,007 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $3,123,661 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $181,497,923 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $199,083,287 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,562,822 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,114,684 | CYInvestmentIncomeAmt |
| PY Other Revenue | $8,640 | PYOtherRevenueAmt |
| CY Other Revenue | $8,640 | CYOtherRevenueAmt |
| PY Total Revenue | $190,069,385 | PYTotalRevenueAmt |
| CY Total Revenue | $212,206,611 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,013,862 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $25,873,233 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $37,050,466 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $56,284,225 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $62,191,686 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $72,183,759 | PYOtherExpensesAmt |
| CY Other Expenses | $74,093,221 | CYOtherExpensesAmt |
| PY Total Expenses | $154,341,217 | PYTotalExpensesAmt |
| CY Total Expenses | $174,349,235 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $35,728,168 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $37,857,376 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,502,730,439 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,821,189,390 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,088,020,339 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,373,231,836 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $414,710,100 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $447,957,554 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DOING WHAT IS RIGHT FOR OUR MEMBERS BY IMPROVING FINANCIAL WELL-BEING, SUPPORTING COMMUNITIES WE SERVE AND CREATING VALUE AND ENDURING RELATIONSHIPS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | OUR THREE LARGEST PROGRAMS BY EXPENSES ARE CDS, SHARE ACCOUNTS, AND IRA CDS. THERE ARE NO REVENUE SOURCES ASSOCIATED WITH THE EXPENSES. FOR 2019 EXPENSES WERE $25,230,818, $8,647,792, AND $3,171,857 RESPECTIVELY. | 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 | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | 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 | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | 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 | 0 | 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 | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 75872 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 1028 | 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 | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | GM | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| 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 | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | 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 | 0 | 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 | 0 | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID ARAUJO PRESIDENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6034228386 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3003 LAFAYETTE ROAD | AddressLine1Txt |
| City | PORTSMOUTH | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03801 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| DAVID ARAUJO | |||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | $606,831 | $0 | $15,542 | ||
| FAWN TERWILLIGER | |||||||
| CLO | 40.00 | Yes (X) | $311,591 | $0 | $36,508 | ||
| DAN CLARKE | |||||||
| COO | 40.00 | Yes (X) | $271,804 | $0 | $40,949 | ||
| SATISH MEHTA | |||||||
| CIO | 40.00 | Yes (X) | $279,421 | $0 | $29,294 | ||
| PHILIP VON STREICHER | |||||||
| VP OVERSEAS | 40.00 | $257,854 | $0 | $34,533 | Yes (X) | ||
| ANDREW MCGEORGE | |||||||
| CFO (LEFT 06/19) | 40.00 | Yes (X) | $259,601 | $0 | $30,458 | ||
| MICHAEL BERGERON | |||||||
| VP LOGISTICS | 40.00 | $206,172 | $0 | $31,178 | Yes (X) | ||
| JOANNE NADEAU | |||||||
| VP HUMAN RESOURCES | 40.00 | $209,040 | $0 | $25,685 | Yes (X) | ||
| MICHAEL PORTER | |||||||
| VP FOREIGN EXCHANGE | 40.00 | $195,452 | $0 | $35,420 | Yes (X) | ||
| WENDY BESWICK | |||||||
| VP MARKETING | 40.00 | $197,029 | $0 | $25,555 | Yes (X) | ||
| PATRICK HARRIGAN | |||||||
| CRO | 40.00 | Yes (X) | $191,518 | $0 | $17,687 | ||
| GEOFFRY GILTON | |||||||
| SVP TECHNOLOGY | 40.00 | Yes (X) | $45,617 | $0 | $3,397 | ||
| JOANNE WHITING | |||||||
| DIRECTOR | 2.00 | Yes (X) | $16,714 | $0 | $0 | Yes (X) | |
| SCOTT WENSLEY | |||||||
| TREASURER | 2.00 | Yes (X) | $15,812 | $0 | $0 | Yes (X) | |
| DR JAMES FISHBEIN | |||||||
| VICE CHAIR | 2.00 | Yes (X) | $14,900 | $0 | $0 | Yes (X) | |
| DAN EAGAN | |||||||
| DIRECTOR | 2.00 | $13,904 | $0 | $0 | Yes (X) | ||
| CLIFFORD TAYLOR | |||||||
| DIRECTOR | 2.00 | $10,794 | $0 | $0 | Yes (X) | ||
| SUE DESJARDINS | |||||||
| DIRECTOR | 2.00 | $197 | $0 | $0 | Yes (X) | ||
| DAVID HANCHETT LEFT 0919 | |||||||
| DIRECTOR | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,104,251 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $326,206 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 56 | 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 |
|---|---|---|---|---|---|
| NCR CORPORATION | |||||
| 14181 COLLECTIONS CENTER DRIVE | CHICAGO | IL | 60693 | ATM HARDWARE AND SYSTEMS PROVIDER | $6,836,730 |
| BLAZE PARTNERS LLC | |||||
| 106 LAFAYETTE ST SUITE 1B | YARMOUTH | ME | 04096 | MARKETING CONSULTANT | $1,351,149 |
| FISERV SOLUTIONS | |||||
| PO BOX 934054 | ATLANTA | GA | 31193 | IT SYSTEMS | $957,663 |
| AVTEX SOLUTIONS | |||||
| 3500 AMERICAN BLVD WEST SUITE 300 | BLOOMINGTON | MN | 55431 | PHONE SYSTEM SUPPORT | $410,938 |
| DC CONSULTING SERVICE | |||||
| 55 TEMPLE PLACE SUITE 6 | BOSTON | MA | 02111 | IT CONSULTING SERVICE | $168,522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INCOME FROM LOANS | 522100 | $120,856,966 | $120,856,966 | |
| FEES AND CHARGES | 522100 | $43,473,322 | $43,473,322 | |
| INTERCHANGE INCOME | 522100 | $23,732,557 | $23,732,557 | |
| INSURANCE COMMISSIONS | 522100 | $9,443,622 | $9,443,622 | |
| NON-MEMBER ATM INCOME | 522100 | $1,698,874 | $1,698,874 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$122,054 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$122,054 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $199,083,287 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,627,399 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $4,717,493 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,909,906 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,640 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,640 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,640 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $8,640 | UnrelatedBusinessRevenueAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $512,715 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$512,715 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$512,715 | TotalRevenueColumnAmt |
| Exclusion | -$512,715 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $212,206,611 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $197,384,413 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,425,007 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,397,191 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,013,862 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,050,466 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,212,541 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,225,980 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,741,850 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,729,934 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,281,381 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $480,028 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,740 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,252,702 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,145,537 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,761,916 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,938,265 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,571,069 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $785,951 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,648 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,452,681 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,156,010 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $546,497 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| BANK & CREDIT CARD FEES | $25,650,740 |
| ATM EXPENSES | $1,601,483 |
| UBIT TAX | $734,676 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,866,278 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,349,235 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,384,218 | BOYAmt |
| EOY | $27,736,864 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,108,184 | BOYAmt |
| EOY | $290,443,231 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,074,822 | BOYAmt |
| EOY | $47,081,477 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,985,173,131 | BOYAmt |
| EOY | $3,161,472,570 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,647,484 | BOYAmt |
| EOY | $5,075,886 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $129,973,774 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $48,687,520 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,913,107 | BOYAmt |
| EOY | $81,286,254 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,095,789 | BOYAmt |
| EOY | $162,344,906 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $218,656 | BOYAmt |
| EOY | $154,660 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,115,048 | BOYAmt |
| EOY | $45,593,542 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,502,730,439 | BOYAmt |
| EOY | $3,821,189,390 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,967,247 | BOYAmt |
| EOY | $43,151,861 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,383,883 | BOYAmt |
| EOY | $195,371,483 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,846,669,209 | BOYAmt |
| EOY | $3,134,708,492 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,088,020,339 | BOYAmt |
| EOY | $3,373,231,836 | 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 | $414,710,100 | BOYAmt |
| EOY | $447,957,554 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $414,710,100 | BOYAmt |
| EOY | $447,957,554 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,502,730,439 | BOYAmt |
| EOY | $3,821,189,390 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $37,857,376 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,594,406 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$6,204,328 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,027,607 | OtherCostOrOtherBasisAmt |
| Book Value | $17,027,607 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $68,443,955 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,100,410 | DepreciationAmt |
| Book Value | $50,343,545 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,077,252 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,557,414 | DepreciationAmt |
| Book Value | $2,519,838 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,995,394 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,029,696 | DepreciationAmt |
| Book Value | $7,965,698 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,429,566 | OtherCostOrOtherBasisAmt |
| Book Value | $3,429,566 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $81,286,254 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' SHARE AND SAVINGS ACCOUNT | Desc |
| Amt | $3,134,708,492 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,134,708,492 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| WORLDWIDE FOUNDATION OF CREDIT UNIONS | ||||||||
| 5710 MINERAL POINT ROAD | MADISON | WI | 53705 | 396093210 | 501(C)(3) | $10,000 | UNRESTRICTED | |
| FILENE RESEARCH INSTITUTE | ||||||||
| 1010 E WASHINGTON AVE SUITE 306 | MADISON | WI | 53703 | 391645910 | 501(C)(3) | $10,000 | UNRESTRICTED | |
| UNH FOUNDATION | ||||||||
| ELLIOT ALUMNI CENTER 9 EDGEWOOD | DURHAM | NH | 03824 | 020437506 | 501(C)(3) | $100,000 | UNH STADIUM PROJECT PLEDGE | ROAD |
| EASTER SEALS NEW HAMPSHIRE INC | ||||||||
| 555 AUBURN STREET | MANCHESTER | NH | 03103 | 020272825 | 501(C)(3) | $100,000 | NH VETERANS COUNT CAMPAIGN SPONSORSHIP | |
| NEW HAMPSHIRE VETERANS CEMETERY ASSOCIATION INC | ||||||||
| PO BOX 626 | CONCORD | NH | 03302 | 020519618 | 501(C)(3) | $30,000 | DONATION FOR THE HERITAGE LEARNING CENTER | |
| HAMPTON AREA CHAMBER OF COMMERCE | ||||||||
| 47 WINNACUNNET ROAD | HAMPTON | NH | 03842 | 020144343 | 501(C)(6) | $20,000 | 2019 SEAFOOD FESTIVAL SPONSORSHIP | |
| NH FOOD BANK | ||||||||
| 62 WEST BROOK STREET | MANCHESTER | NH | 03101 | 020222163 | 501(C)(3) | $20,000 | UNRESTRICTED | |
| UNH CAMPUS RECREATION | ||||||||
| UNIVERSITY SYSTEM OF NH UNH CAMPUS | DURHAM | NH | 03824 | 026000937 | N/A | $15,000 | 2019/2020 CAMPUS RECREATION SPONSORSHIP | RECREATION 128 MAIN ST |
| AMERICAN INDEPENDENCE MUSEUM | ||||||||
| ONE GOVERNORS LANE | EXETER | NH | 03833 | 223114603 | 501(C)(3) | $10,000 | 2019 BUSINESS PARTNERSHIP | |
| NEW HAMPSHIRE MILITARY ASSISTANCE FOUNDATION | ||||||||
| PO BOX 22271 | PORTSMOUTH | NH | 03802 | 452714490 | 501(C)(3) | $10,000 | SEACOAST SALUTES 2019 | |
| THE MASSACHUSETTS GENERAL HOSPITAL | ||||||||
| 125 NASHUA STREET SUITE 540 | BOSTON | MA | 02114 | 041564655 | 501(C)(3) | $10,000 | MISSION GRATITUDE - HOME BASE VETERANS DAY DINNER | |
| ANDROSCOGGIN VALLEY CHAMBER OF COMMERCE | ||||||||
| 961 MAIN STREET | BERLIN | NH | 03570 | 020337909 | 501(C)(6) | $7,500 | 2019 HERITAGE PK & RIVERFIRE TITLE SPONSORSHIP | |
| THE SHANTY LLC | ||||||||
| 115 MIRONA ROAD | PORTSMOUTH | NH | 03801 | 462783927 | N/A | $5,611 | SEACOAST VETERANS CONFERENCE MEALS AND PAPER SUPPLIES | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 9 | Total501c3OrgCnt |
| Total Other Org | 4 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION REVIEWS THE ORGANIZATION'S PUBLISHED FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID ARAUJO | ||||||||||||||
| PRESIDENT/CEO | $547,073 | $0 | $50,000 | $0 | $9,758 | $0 | $0 | $0 | $15,542 | $0 | $622,373 | $0 | $0 | $0 |
| FAWN TERWILLIGER | ||||||||||||||
| CLO | $289,309 | $0 | $19,510 | $0 | $2,772 | $0 | $22,000 | $0 | $14,508 | $0 | $348,099 | $0 | $0 | $0 |
| DAN CLARKE | ||||||||||||||
| COO | $243,334 | $0 | $17,079 | $0 | $11,391 | $0 | $21,569 | $0 | $19,380 | $0 | $312,753 | $0 | $0 | $0 |
| SATISH MEHTA | ||||||||||||||
| CIO | $256,515 | $0 | $17,572 | $0 | $5,334 | $0 | $22,000 | $0 | $7,294 | $0 | $308,715 | $0 | $0 | $0 |
| PHILIP VON STREICHER | ||||||||||||||
| VP OVERSEAS | $229,038 | $0 | $16,443 | $0 | $12,373 | $0 | $20,025 | $0 | $14,508 | $0 | $292,387 | $0 | $0 | $0 |
| ANDREW MCGEORGE | ||||||||||||||
| CFO (LEFT 06/19) | $228,208 | $0 | $31,078 | $0 | $315 | $0 | $21,173 | $0 | $9,285 | $0 | $290,059 | $0 | $0 | $0 |
| MICHAEL BERGERON | ||||||||||||||
| VP LOGISTICS | $190,548 | $0 | $13,009 | $0 | $2,615 | $0 | $16,670 | $0 | $14,508 | $0 | $237,350 | $0 | $0 | $0 |
| JOANNE NADEAU | ||||||||||||||
| VP HUMAN RESOURCES | $160,923 | $0 | $46,411 | $0 | $1,706 | $0 | $16,828 | $0 | $8,857 | $0 | $234,725 | $0 | $0 | $0 |
| MICHAEL PORTER | ||||||||||||||
| VP FOREIGN EXCHANGE | $182,639 | $0 | $11,944 | $0 | $869 | $0 | $15,899 | $0 | $19,521 | $0 | $230,872 | $0 | $0 | $0 |
| WENDY BESWICK | ||||||||||||||
| VP MARKETING | $183,518 | $0 | $12,618 | $0 | $893 | $0 | $15,950 | $0 | $9,605 | $0 | $222,584 | $0 | $0 | $0 |
| PATRICK HARRIGAN | ||||||||||||||
| CRO | $173,557 | $0 | $17,336 | $0 | $625 | $0 | $10,778 | $0 | $6,909 | $0 | $209,205 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FIRST-CLASS TRAVEL, TRAVEL FOR COMPANIONS, AND TAX INDEMNIFICATION PAYMENTS ARE PROVIDED TO BOARD MEMBERS, WHO RECEIVE A 1099 FOR THE AMOUNT OF BENEFITS RECEIVED. |
| PART I, LINE 4B | THERE WERE NO CONTRIBUTIONS OR DISTRIBUTIONS FROM THE SERP DURING 2019. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE BOARD MAY APPOINT AN EXECUTIVE COMMITTEE OF NOT FEWER THAN THREE DIRECTORS TO SERVE AT ITS PLEASURE, TO ACT FOR IT WITH RESPECT TO SPECIFICALLY DELEGATED FUNCTIONS AUTHORIZED BY RSA 383-A AND 383-E AND APPLICABLE LAW AND REGULATIONS. THE BOARD MAY ALSO AUTHORIZE SUCH EXECUTIVE COMMITTEE OR A MEMBERSHIP OFFICER APPOINTED BY THE BOARD FROM THE MEMBERSHIP OTHER THAN A BOARD MEMBER PAID AS AN OFFICER, THE FINANCIAL OFFICER, ANY ASSISTANT TO THE PAID OFFICER OF THE BOARD OR TO THE FINANCIAL OFFICER OR ANY LOAN OFFICER, TO SERVE AT ITS PLEASURE TO APPROVE APPLICATIONS FOR MEMBERSHIP UNDER SUCH CONDITIONS AS THE BOARD AND THESE BYLAWS MAY PRESCRIBE. NO EXECUTIVE COMMITTEE MEMBER OR MEMBERSHIP OFFICER MAY BE COMPENSATED AS SUCH. |
| FORM 990, PART VI, SECTION A, LINE 6 | SERVICE CREDIT UNION MEMBERSHIP IS OPEN TO THOSE LIVING OR WORKING IN THE STATE OF NEW HAMPSHIRE OR THE FALMOUTH, MA AREA (DEFINED AS FALMOUTH, BOURNE, MASHPEE AND SANDWICH, MA) AND THEIR FAMILIES. ALSO ELIGIBLE ARE ACTIVE DUTY MILITARY, VETERANS AND THEIR FAMILIES, AND THOSE WHO ARE WORKING (OR WORKED) FOR THE DEPARTMENT OF DEFENSE, AS WELL AS THEIR FAMILIES. |
| FORM 990, PART VI, SECTION A, LINE 7A | ANNUALLY, SERVICE CREDIT UNION HOLDS A SHAREHOLDER MEETING. AT THIS MEETING, THE MEMBERS HAVE THE ABILITY TO VOTE ON THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12 | THE POLICY REQUIRES SELF DISCLOSURE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. THIS IS ALSO SUBJECT TO INTERNAL AUDIT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CEO'S COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE THAT INCLUDES THREE BOARD MEMBERS. THE COMMITTEE GATHERS DATA FROM A 3RD PARTY COMPENSATION STUDY, WHICH GATHERS DATA FROM OUTSIDES SOURCES FROM OTHER FINANCIAL INSTITUTIONS. THE COMMITTEE REVIEWS THIS INFORMATION AND THEN DETERMINES COMPENSATION BASED ON THIS INFORMATION AND PERFORMANCE AND THEN GIVES THE COMPENSATION RECOMMENDATION TO THE FULL BOARD FOR APPROVAL. THIS IS DOCUMENTED IN THE COMMITTEE MINUTES. FOR ALL OTHER OFFICERS AND KEY EMPLOYEES, THE CREDIT UNION USES A THIRD PARTY COMPENSATION STUDY IN WHICH THE HUMAN RESOURCES DEPARTMENT USES TO HELP DETERMINE COMPENSATION. COMPENSATION IS ALSO BASED ON METRICS FOR THAT JOB DESCRIPTION AND PERFORMANCE. HUMAN RESOURCES GIVES A RECOMMENDATION TO THE CEO WHO MAKES THE COMPENSATION DETERMINATION. THIS DETERMINATION IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILES. |
| FORM 990, PART VI, SECTION C, LINE 19 | SERVICE CREDIT UNION'S FINANCIALS ARE PROVIDED MONTHLY FOR ALL MEMBERS BY BEING POSTED IN EACH BRANCH LOCATION. OUR ANNUAL REPORT IS DISTRIBUTED TO ALL ATTENDEES AT THE ANNUAL MEETING, PROVIDED IN EACH BRANCH LOCATION, AND IS ALSO POSTED ON OUR WEBSITE. MEMBERS HAVE THE RIGHT TO REQUEST AND RECEIVE PERTINENT DOCUMENTATION AS DEMANDED. SERVICE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE AND AS SUCH PERTINENT BUSINESS DOCUMENTATION IS ALWAYS PROVIDED AS REQUESTED BY MEMBERS. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF SERP 206,528. EURO CURRENCY CHANGE -160,673. CHANGE IN PENSION AND POSTRETIREMENT HEALTH PLAN -6,434,566. OTHER COMPREHENSIVE GAIN 184,383. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SERVICE FINANCIAL ADVISORS LLC | ||||||||||||
| 3003 LAFAYETTE ROAD | PORTSMOUTH | NH | 03801 | 472509975 | FINANCIAL SERVICES | NH | SERVICE CREDIT UNION | C | -$122,054 | $757,126 | 1.00000 | Yes (1) |
| SERVICE INSURE LLC | ||||||||||||
| 3003 LAFAYETTE ROAD | PORTSMOUTH | NH | 03801 | 472517034 | INSURANCE | NH | SERVICE FINANCIAL ADVISORS LLC | C | $6,650 | $170,890 | 1.00000 | Yes (1) |
| SERVICE CAPTIAL LLC | ||||||||||||
| 3003 LAFAYETTE ROAD | PORTSMOUTH | NH | 03801 | 472551723 | LENDING | NH | SERVICE FINANCIAL ADVISORS LLC | C | -$125,849 | $119,503,608 | 1.00000 | Yes (1) |
| SERVICE EXCHANGE LLC | ||||||||||||
| 3003 LAFAYETTE ROAD | PORTSMOUTH | NH | 03801 | 472529134 | INTERNATIONAL BILL PAY | NH | SERVICE FINANCIAL ADVISORS LLC | C | $1,740 | 1.00000 | Yes (1) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SERVICE FINANCIAL ADVISORS | ||
| A | $8,640 | RENTAL INCOME |
| SERVICE CAPITAL LLC | ||
| O | $26,925 | SALARY REIMBURSEMENTS |
| SERVICE CAPITAL LLC | ||
| A | $4,717,493 | INTEREST INCOME |
| SERVICE CAPITAL LLC | ||
| D | $109,401,913 | LOAN PAYABLE |