2020-11-13T07:55:15-06:00 2019-12-31 472604526 GARVEY STEELE & BANCROFT LLP PO BOX 397 MYSTIC CT 063550397 990 2019-01-01 041103180 CITY OF BOSTON CREDIT UNION CITY 6176352471 1 UNION STREET - 3RD FLOOR BOSTON MA 02108 ANDREW BROWN VP OF FINANCE 6176354545 2020-11-13 true MICHAEL R GARVEY CPA P00264137 8605369831 2020-11-13 23.30.174.89 2020-11-13 07:55:15 CS P B2254A06A2C91071D1D5A32245BC2B972FCA5CF6 6BDD9D78118851DB28C1934977A64F3FE6C32256 2019 2021-04-22 16:20:28Z DANIEL E WALTZ 1 UNION ST - 3RD FLOOR BOSTON MA 02108 23155829 false X WWW.CITYOFBOSTONCU.COM X 1915 MA CREDIT UNION - THRIFT SERVICES 14 11 101 11 71417 0 17116357 19090482 1300573 2069095 1773583 1996252 20190513 23155829 15000 11000 0 6934243 8016602 0 0 11973213 14398003 18922456 22425605 1268057 730224 390949890 455973829 342547518 403224086 48402372 52749743 X CREDIT UNION - THRIFT SERVICES false false MAINTENANCE OF MEMBERS' SHARE ACCOUNTS AND THE INVESTMENT OF SUCH FUNDS. NUMBER OF SHARE ACCOUNTS 53,411. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS 15,644. 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 14398 0 true 101 true true true false false false false false false false X 14 11 false false false false true true false true true false true true true true true true true false true true false X X ANDREW BROWN 6176352471 1 UNION ST - 3RD FLOOR BOSTON MA 02108 DANIEL E WALTZ CEO- PRESENT 40.00 X 397108 0 36289 CATHERINE MULLEN VP OF MEMBER 40.00 X 150902 0 41628 ANDREW BROWN VP OF FINANC 40.00 X 150401 0 41554 ROBERT MCCAULEY VP OF LENDIN 40.00 X 149440 0 41454 KARLA MCCARRON VP OF MARKET 40.00 X 124360 0 41027 RICHARD BONOMO SPECIAL PROJ X 132517 0 23928 COLEMAN FLAHERTY SECRETARY 5.00 X X 13281 0 0 TIMOTHY SMYTH CHAIRPERSON 5.00 X X 12495 0 0 JAMES DRISCOLL DIRECTOR/TRE 5.00 X X 12235 0 0 SUSAN CONNOLLY DIRECTOR 5.00 X 1302 0 0 KEVIIN LINSKEY 2ND VICE PRE 5.00 X X 1235 0 0 MATTHEW MORONEY DIRECTOR 5.00 X 1227 0 0 MARK BERNARD DIRECTOR 5.00 X 1202 0 0 CHRISTOPHER STOCKBRIDGE DIRECTOR 5.00 X 1079 0 0 THOMAS TINLIN VICE CHAIRPE 5.00 X X 946 0 0 GREGORY ROONEY DIRECTOR 5.00 X 751 0 0 NEIL MCGONAGLE DIRECTOR 5.00 X 295 0 0 STEPHEN GREEN DIRECTOR 5.00 X 258 0 0 CECIL JONES DIRECTOR 5.00 X 258 0 0 BRIAN GILL DIRECTOR 5.00 X 138 0 0 1151430 225880 6 false true false CONNECTICUT ONLINE CONNECTICUT ONLINE 135 DARLING DR 135 DARLING DR AVON CT 06001 DATA PROCESSOR 1979156 BLUE CROSS BLUE SHIELD BLUE CROSS BLUE SHIELD BOX 371318 BOX 371318 PITTSBURGH PA 15250 HEALTH INS 1310502 ONE UNION STREET LTD PARTNERSHIP ONE UNION STREET LTD PARTNERSHIP OLD CITY HALL OLD CITY CALL PORTSMOUTH NH 03801 RENT 320680 COMCAST SPOTLIGHT COMCAST SPOTLIGHT PO BOX 415949 PO BOX 415949 BOSTON MA 02241 ADVERSTISING 290920 CLEAR CHANNEL OUTDOOR CLEAR CHANNEL OUTDOOR PO BOX 402379 PO BOX 402379 ATLANTA GA 30384 ADVERTISING 245520 15 INTEREST ON LOANS 18105096 18105096 OTHER INCOME 645606 645606 GAIN ON SALE OF ASSETS 181917 181917 RENTAL INCOME 157863 157863 19090482 2069095 2069095 MEMBER SERVICE FEES 522100 1924835 1924835 NON MEMBER ATM INCOME 522100 71417 71417 1996252 23155829 23084412 71417 11000 1220866 4685704 405388 1257636 447008 2024804 667675 1939377 1055064 156971 3591898 514003 118982 PROVISION FOR LOAN LOSSES 2069324 ATM EXPENSE - MEMBER 878802 LOAN SERVICING 450587 PROFESSIONAL FEES 388155 542361 22425605 0 0 0 12639110 13898884 33760000 58023025 308045561 332128878 318056 252824 8553183 4045699 4428705 4507484 23854374 37243199 2540100 2231600 5363984 7687935 390949890 455973829 2356809 3221418 24311 83386 40000000 40000000 300166398 359919282 342547518 403224086 X 48402372 52749743 48402372 52749743 390949890 455973829 X 730224 352129 3265018 X false true X true false false true X 1229363 1229363 2151012 1371009 780003 4014588 1803955 2210633 1158220 870735 287485 4507484 MEMBERS' SHARE & SAVINGS ACCOUNTS 359919282 359919282 23155829 23155829 23155829 22425605 22425605 22425605 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES DUE TO MUNICIPALITIES. false SCHOLARSHIPS 11 11000 X true true X X X false false false DANIEL E WALTZ CEO- PRESENT 394012 3096 24000 12289 433397 CATHERINE MULLEN VP OF MEMBER SERVICE 149792 1110 17500 24128 192530 ANDREW BROWN VP OF FINANCE 148409 1992 17500 24054 191955 ROBERT MCCAULEY VP OF LENDING 146502 2938 17500 23954 190894 KARLA MCCARRON VP OF MARKETING 123504 856 17500 23527 165387 RICHARD BONOMO SPECIAL PROJECTS 130582 1935 10928 13000 156445 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. FORM 990, PART XI, LINE 9 EQUITY ACQUIRED IN MERGER 3,265,018