2025-11-12T12:44:23-06:00 2024-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2024-01-01 041695745 METRO CREDIT UNION METR 8776963876 200 REVERE BEACH PARKWAY CHELSEA MA 02150 DIANA CORDEIRO INTERIM CFO 6174885470 2025-11-07 1 1 KAREN S NG P01067482 6174399700 2025-11-07 2024 2025-03-06 01:10:19Z ROBERT M CASHMAN 200 REVERE BEACH PARKWAY CHELSEA MA 02150 248842064 0 X WWW.METROCU.ORG X 1926 MA METRO CREDIT UNION PROVIDES LOAN AND DEPOSIT PRODUCTS TO MEMBERS THAT ASSIST THEM IN MEETING THEIR FINANCIAL NEEDS. 11 7 400 10 212221 0 0 0 136025065 156368323 9914621 14730944 3522185 2260617 149461871 173359884 358347 322106 0 0 32210606 34431358 0 0 0 101953435 131354009 134522388 166107473 14939483 7252411 3414191630 3440032348 3157759150 3164194252 256432480 275838096 X SEE SCHEDULE O 0 0 METRO CREDIT UNION PROVIDES LOAN AND DEPOSIT PRODUCTS TO MEMBERS THAT ASSIST THEM IN MEETING THEIR FINANCIAL NEEDS. AS OF 12/31/2024, METRO CREDIT UNION HAS NET LOANS OF $2,939 MILLION AND SHARE DEPOSITS OF $2,714 MILLION. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 0 1 67633 0 1 400 1 1 1 0 0 0 0 0 1 0 X 11 7 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DIANA CORDEIRO 6174885470 200 REVERE BEACH PARKWAY CHELSEA MA 02150 ROBERT M CASHMAN PRESIDENT/CEO/DIRECTOR 40.00 X X 1585056 0 63264 DAVID HOLZMAN DIRECTOR 2.00 X 0 0 0 ARNOLD S BAER DIRECTOR/ASSISTANT CLERK 2.00 X X 0 0 0 BION FOSTER DIRECTOR 2.00 X 0 0 0 JOSEPH ZANG DIRECTOR (ENDED 8/2024) 2.00 X 0 0 0 DONNA LEE DIRECTOR 2.00 X 0 0 0 JOHN IMBERGAMO DIRECTOR/VICE CHAIRMAN 2.00 X X 0 0 0 PETER HARRIS DIRECTOR/TREASURER 2.00 X X 0 0 0 PAUL M GULKO DIRECTOR/CLERK 2.00 X X 0 0 0 MARK SMOLLER DIRECTOR/CHAIRMAN 2.00 X X 0 0 0 ADAM FRANK DIRECTOR 2.00 X 0 0 0 MARTA ROSA DIRECTOR 2.00 X 0 0 0 CHARLENE BAUER SVP MEMBER EXPERIENCE 40.00 X 265569 0 27993 LAWRENCE STANDFORD SVP/CFO 40.00 X 302457 0 9536 TRACI MICHEL SVP/COO & CSO 40.00 X 466859 0 38048 KEVIN MALONE SVP SENIOR COMMERICIAL LENDER 40.00 X 358492 0 32764 AMYLYNN MOODY CHIEF PEOPLE OFFICER 40.00 X 295199 0 13217 JAMES HERNDON SVP HUMAN RESOURCES 40.00 X 230792 0 29997 MARIA A JUSTINIANO SVP LENDING 40.00 X 310479 0 36856 MONICA SANTOS SVP/CHIEF MARKETING (AS OF 6/2024) 40.00 X 190089 0 5885 KIM MONAHAN CREDIT RISK & PORTFOLIO MANAGEMENT 40.00 X 233812 0 33052 ERIC GILLILAND VP COMMERCIAL RELATIONSHIP MANAGER 40.00 X 284191 0 30591 SHAUNA GLAZEBROOK VP MORTGAGE OPERATIONS 40.00 X 210407 0 11142 JASON TRUONG VP COMMERCIAL RELATIONSHIP MANAGER 40.00 X 196482 0 9731 LUCAS ROSS AVP MORTGAGE OPERATIONS 40.00 X 212712 0 31914 5142596 0 373990 60 0 1 0 COCC 100 EXECUTIVE BLVD SOUTHINGTON CT 06489 DATA PROCESSING SERVICES 7557063 CULA LLC 9665 GRANITE RUDGE DRIVE SUITE 400 SAN DIEGO CA 92123 LEASED AUTO LOAN SERVICING 5186344 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING SERVICES 2815780 VISA ACH PO BOX 742233 LOS ANGELES CA 90074 DEBIT/ATM PROCESSING 1536716 LEE & MASON FINANCIAL SERVICES INC 719 NY-30 NORTHVILLE NY 12134 FINANCIAL RISK MANAGEMENT SERVICES 977663 78 INTEREST INCOME ON LOANS 522100 136019469 136019469 MEMBER FEES 522100 17133290 16929120 204170 LOAN FEES 522100 3215564 3215564 156368323 13646619 13646619 76566505 75482180 1084325 1084325 1084325 BOLI INCOME 525990 1032140 1032140 VISA INCOME 525990 676756 676756 MISC INCOME 525990 471216 471216 80505 72454 8051 2260617 173359884 158416719 212221 14730944 303606 18500 4004992 22281062 1937453 3981982 2225869 304421 504575 2121650 2530594 2806527 8326274 5785357 142844 246571 92498809 577255 911412 UBIT TAX EXPENSES 15948 ATM DEBIT CARD EXPENSES 5459177 PROVISION FOR LOAN LOSS 3676507 MANUFACTURED HOMES RESE 3409356 2036732 166107473 10172656 8797711 136792461 110216184 7592342 9048313 2980998463 2938589370 2415490 2938794 56194897 23396134 32928564 32798763 102724619 193308030 34590814 35598654 3290235 3290235 102685986 105446294 3414191630 3440032348 39458317 39487607 5852031 6113994 422862950 404336505 2689585852 2714256146 3157759150 3164194252 X 0 0 0 0 256432480 275838096 256432480 275838096 3414191630 3440032348 X 7252411 832963 10273249 1046993 X X 0 1 X 1 0 0 1 X 13423983 13423983 32059265 15622465 16436800 4222643 2321576 1901067 6489006 5452093 1036913 32798763 DEPOSITS 2714256146 2714256146 X 174136000 832963 832963 173303037 56847 56847 173359884 166051000 -56473 -56473 166107473 0 166107473 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY INSURANCE AND TAXES FOR ITS MEMBERS IN CONNECTION TO REAL ESTATE LOANS. PART X, LINE 2: THE CREDIT UNION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(14) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. HOWEVER, STATE-CHARTERED CREDIT UNIONS ARE SUBJECT TO FEDERAL AND STATE TAXES ON UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE CREDIT UNION RECOGNIZED $16,000 AND $13,000 OF TAX EXPENSE, RESPECTIVELY, WHICH IS INCLUDED IN OTHER GENERAL AND ADMINISTRATIVE EXPENSES IN THE CONSOLIDATED STATEMENTS OF NET INCOME. THE CREDIT UNION HAS EVALUATED ITS TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023 AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE CREDIT UNION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MASSACHUSETTS. THE CREDIT UNION IS NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS GAINS/LOSSES ON ASSETS SALES FROM EXPENSES -50,195. RECLASS GAINS/LOSSES ON FORECLOSURES FROM EXPENSES -25,160. RECLASS GAINS/LOSSES ON REPOSSESSED VEHICLES FROM EXPENSES 130,851. ROUNDING 1,351. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS GAINS/LOSSES ON ASSETS SALES TO REVENUE 50,195. RECLASS GAINS/LOSSES ON FORECLOSURES TO REVENUE 25,160. RECLASS GAINS/LOSSES ON REPOSSESSED VEHICLES TO REVENUE -130,851. ROUNDING -977. 1 BANZAI INC 2230 NORTH UNIVERSITY PARKWAY SUITE 14 PROVO UT 84604 260233660 8777 0 SPONSORSHIP COOPERATIVE CU ASSOCIATION 845 DONALD LYNCH BLVD MARLBOROUGH MA 01752 043403594 501(C)(3) 19964 0 DONATION THE CITY OF BOSTON BOSTON CITY HALL BOSTON MA 02201 046011380 29040 0 DONATION GREATER BOSTON ASSOCIATION OF REALTORS 3 CENTER PLAZA MEZZ SUITE BOSTON MA 02108 041107040 501(C)(6) 11250 0 SPONSORSHIP TRUSTEES OF BOSTON UNIVERSITY 881 COMMONWEALTH AVENUE BOSTON MA 02215 042103547 501(C)(3) 10100 0 DONATION METRO CREDIT UNION FOUNDATION INC 200 REVERE BEACH PARKWAY CHELSEA MA 02150 922114764 501(C)(3) 106100 0 DONATION COMMUNITY IMPACT FUND 9250 E COSTILLA AVE STE 110 GREENWOOD VILLAGE CO 80112 824577516 501(C)(3) 7000 0 DONATION MASSACHUSETTS COALITION FOR THE HOMELESS 73 BUFFUM ST LYNN MA 01902 222599662 501(C)(3) 5750 0 DONATION THE NEIGHBORHOOD DEVELOPERS INC 4 GERRISH AVE CHELSEA MA 02150 042660283 501(C)(3) 10000 0 DONATION SECOND CHANCE CARS 31 DERBY ST CONCORD MA 01742 832999870 501(C)(3) 9238 0 DONATION 8 2 SCHOLARSHIPS 19 18500 0 PART I, LINE 2: METRO CREDIT UNION PROVIDES SCHOLARSHIPS TO STUDENTS WORKING IN METRO'S HIGH SCHOOL BRANCHES OR ARE STUDENTS LIVING IN THE COMMUNITIES WHERE THE CU SERVES IN ORDER TO SUPPORT STUDENTS THAT HAVE DEMONSTRATED ACADEMIC EXCELLENCE AND COMMUNITY SERVICE. X X 1 1 X X X X X 0 1 0 ROBERT M CASHMAN PRESIDENT/CEO/DIRECTOR 880499 0 281031 0 423526 0 47750 0 15514 0 1648320 0 418109 0 TRACI MICHEL SVP/COO & CSO 391232 0 75141 0 486 0 17250 0 20798 0 504907 0 0 0 KEVIN MALONE SVP SENIOR COMMERICIAL LENDER 337126 0 14508 0 6858 0 17250 0 15514 0 391256 0 0 0 MARIA A JUSTINIANO SVP LENDING 258004 0 51233 0 1242 0 16058 0 20798 0 347335 0 0 0 ERIC GILLILAND VP COMMERCIAL RELATIONSHIP MANAGER 281090 0 0 0 3101 0 9793 0 20798 0 314782 0 0 0 LAWRENCE STANDFORD SVP/CFO 287025 0 15000 0 432 0 9536 0 0 0 311993 0 0 0 AMYLYNN MOODY CHIEF PEOPLE OFFICER 278789 0 15600 0 810 0 13217 0 0 0 308416 0 0 0 CHARLENE BAUER SVP MEMBER EXPERIENCE 248082 0 14015 0 3472 0 12479 0 15514 0 293562 0 0 0 KIM MONAHAN CREDIT RISK & PORTFOLIO MANAGEMENT 224067 0 9000 0 745 0 12254 0 20798 0 266864 0 0 0 JAMES HERNDON SVP HUMAN RESOURCES 215722 0 12160 0 2910 0 11840 0 18157 0 260789 0 0 0 LUCAS ROSS AVP MORTGAGE OPERATIONS 212369 0 90 0 253 0 11116 0 20798 0 244626 0 0 0 SHAUNA GLAZEBROOK VP MORTGAGE OPERATIONS 201922 0 8048 0 437 0 11142 0 0 0 221549 0 0 0 JASON TRUONG VP COMMERCIAL RELATIONSHIP MANAGER 195673 0 0 0 809 0 9731 0 0 0 206213 0 0 0 MONICA SANTOS SVP/CHIEF MARKETING (AS OF 6/2024) 154468 0 35000 0 621 0 2250 0 3635 0 195974 0 0 0 PART I, LINE 1A THE CREDIT UNION HAS AN AGREEMENT WITH ROBERT CASHMAN, ERIK PORTER, TRACI MICHEL, AND MARIA JUSTINIANO TO REIMBURSE THE TAX OWED AS A RESULT OF THE TAXABLE INCOME GENERATED FROM THE PREMIUM DEPOSIT ACCOUNT IN EACH OF THEIR RESPECTIVE LOAN REGIME SPLIT DOLLAR PLANS. PART I, LINE 4B THE CREDIT UNION SPONSORS A DEFINED BENEFIT PENSION PLAN FOR THE BENEFIT OF ITS EMPLOYEES. THE PLAN CALLS FOR BENEFITS TO BE PAID TO ELIGIBLE EMPLOYEES AT RETIREMENT BASED PRIMARILY UPON YEARS OF SERVICE WITH THE CREDIT UNION AND COMPENSATION LEVELS AT RETIREMENT. CONTRIBUTIONS TO THE PLAN REFLECT BENEFITS ATTRIBUTED TO EMPLOYEES' SERVICES TO DATE, AS WELL AS SERVICES EXPECTED TO BE PROVIDED IN THE FUTURE. THE CREDIT UNION'S DEFINED BENEFIT PENSION PLAN WAS FROZEN EFFECTIVE JANUARY 1, 2009. ON AUGUST 31, 2024, THE CREDIT UNION OFFICIALLY TERMINATED THE PLAN AND BENEFITS WERE DISTRIBUTED IN SATISFACTION OF ALL OBLIGATIONS AS OF DECEMBER 31, 2024. DURING 2020, THE CREDIT UNION ENTERED INTO A COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE AGREEMENT WITH THE CHIEF EXECUTIVE OFFICER (CEO) WHICH SUPERSEDED THE PREVIOUS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WITH THE CEO. IN CONNECTION WITH THE AGREEMENT, THE CREDIT UNION PROVIDED THE CEO WITH A $3,272,000 NOTE RECEIVABLE, INCLUDED IN OTHER ASSETS ON THE CONSOLIDATED BALANCE SHEET, WHICH WAS USED TO PURCHASE LIFE INSURANCE CONTRACTS FOR THE BENEFIT AND PROTECTION OF THE EXECUTIVE'S FAMILY, IN ADDITION TO ACCUMULATING CASH VALUE THAT THE EXECUTIVE CAN ACCESS THROUGH LOANS FROM THE POLICIES TO SUPPLEMENT RETIREMENT INCOME. THE NOTE CREDITS INTEREST AT A RATE OF 1.86%. THE CREDIT UNION'S INTEREST IS SECURED BY COLLATERAL ASSIGNMENT OF THE LIFE INSURANCE POLICIES. THE NOTE RECEIVABLE WILL BE REPAID WITH LIFE INSURANCE PROCEEDS UPON DEATH OF THE EXECUTIVE. IN 2021, OTHER EXECUTIVES ENTERED INTO SIMILAR SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENTS, WHICH PROVIDED THE EXECUTIVES WITH NOTES RECEIVABLES IN THE AGGREGATE AMOUNT OF $5,750,000. DURING 2024, ONE OF THE EXECUTIVES FOR WHICH A COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE AGREEMENT WAS ENTERED INTO RESIGNED FROM THE CREDIT UNION, AND THE UNUSED PREMIUM DEPOSIT WAS RETURNED TO THE CREDIT UNION. THESE NOTES CREDIT INTEREST AT A RATE OF 2.07%. THE CREDIT UNION'S EXPENSE IN CONNECTION WITH THESE AGREEMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 AMOUNTED TO $104,000 AND $105,000, RESPECTIVELY. SCHEDULE J, PART II, COLUMN F: ROBERT M. CASHMAN RECEIVED $418,109 SERP PAYOUT IN 2024, WHICH REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS. ROBERT CASHMAN EMPLOYEE SPLIT DOLLAR X 3272010 3272010 0 1 1 TRACI MICHEL EMPLOYEE SPLIT DOLLAR X 2000000 2000000 0 1 1 ERIK PORTER EMPLOYEE SPLIT DOLLAR X 2500000 776303 0 1 1 MARIA JUSTINIANO EMPLOYEE SPLIT DOLLAR X 1250000 1250000 0 1 1 LARRY STANDFORD EMPLOYEE SPLIT DOLLAR X 1750000 1750000 0 1 1 9048313 WINBROOK DAVID HOLZMAN DIRECTOR 250918 OFFICE SUPPLIES 0 SMOLLER INSURANCE AGENCY MARK SMOLLER DIRECTOR 210056 INSURANCE AGENT 0 SCHEDULE L, PART II - LOANS TO OFFICERS AND DIRECTORS ALL LOANS MADE TO DIRECTORS, OFFICERS OR KEY EMPLOYEES FOLLOWED THE LENDING GUIDELINES FOR LOANS TO ANY CREDIT UNION MEMBER AT THE STATED RATES AND TERMS IN EFFECT AT THE TIME OF THE LOAN. FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION STATEMENT: FOR OVER 90 YEARS, METRO CREDIT UNION HAS BEEN PROVIDING FINANCIAL SERVICES TO COMMUNITIES THROUGHOUT MASSACHUSETTS AND NEW HAMPSHIRE. AS ONE OF THE LARGEST CREDIT UNIONS IN THE STATE, METRO HAS $3.440 BILLION IN ASSETS, MORE THAN 209,799 MEMBERS, AND IS ABLE TO SERVE ANYONE IN ESSEX, MIDDLESEX, NORFOLK, SUFFOLK, WORCESTER, PLYMOUTH, BARNSTABLE, BRISTOL, FRANKLIN, HAMPSHIRE, AND HAMPDEN; AND THE FOLLOWING NEW HAMPSHIRE COUNTIES: HILLSBOROUGH, ROCKINGHAM, CHESHIRE, MERRIMACK, AND STRAFFORD. AS A FULL-SERVICE CREDIT UNION, METRO OFFERS ALL OF THE FINANCIAL PRODUCTS AND DELIVERY INNOVATIONS THAT YOU'D EXPECT FROM A LARGE FINANCIAL INSTITUTION. FOUNDED IN 1926 AND HEADQUARTERED IN CHELSEA, MASSACHUSETTS, METRO CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION, OWNED BY AND OPERATED FOR THE PEOPLE WHO USE AND BENEFIT FROM OUR PRODUCTS AND SERVICES. WE'RE DIFFERENT FROM BANKS BECAUSE WE ARE A NON-PROFIT COOPERATIVE THAT IS DEDICATED TO THE FINANCIAL SUCCESS OF OUR MEMBERS; AND NOT FOCUSED ON PAYING DIVIDENDS TO STOCKHOLDERS OR MAXIMIZING PROFITS FOR SHAREHOLDERS. THE MONEY WE BRING IN IS REINVESTED IN YOU, OUR MEMBERS, THROUGH BETTER RATES AND LOWER FEES. THE PHILOSOPHY OF METRO CREDIT UNION IS "PEOPLE HELPING PEOPLE." EACH MEMBER IS AN EQUAL OWNER, REGARDLESS OF HOW MUCH MONEY IS DEPOSITED WITH THE CREDIT UNION. WE ARE COMMITTED TO FINANCIAL EDUCATION. WHETHER ITS SIMPLE TIPS TO HELP YOU BETTER MANAGE YOUR FINANCES OR SEMINARS AND PROGRAMS DESIGNED TO HELP YOU NAVIGATE MORE COMPLICATED FINANCIAL SITUATIONS, WE WANT TO ENSURE THAT YOU HAVE THE RIGHT ADVICE, GUIDANCE AND RESOURCES TO MAKE SMART FINANCIAL DECISIONS. AS A CREDIT UNION, WE PROVIDE PRODUCTS AND SERVICES THAT ARE AFFORDABLE AND FLEXIBLE. WE PARTNER WITH AFFORDABLE HOUSING ORGANIZATIONS ACROSS THE STATE TO ENSURE THAT EVERY PROSPECTIVE HOMEBUYER HAS ACCESS TO AS MANY RESOURCES AS POSSIBLE TO REALIZE THEIR DREAM OF HOMEOWNERSHIP. WE HAVE GENUINE MEMBER FOCUS. ALL OF OUR GUIDANCE AND SERVICES ARE DELIVERED THROUGH ENGAGED EMPLOYEES. THEY LISTEN TO MEMBERS FIRST; UNDERSTAND THEIR SPECIFIC SITUATION; AND PROVIDE THE SOLUTIONS THAT BEST FIT THE NEEDS OF THE INDIVIDUAL OR BUSINESS. FORM 990, PART VI, SECTION A, LINE 2 MARK SMOLLER, A BOARD DIRECTOR, IS RELATED TO ROBERT CASHMAN, CEO. ADAM FRANK, A BOARD DIRECTORS, IS THE SON-IN-LAW ROBERT M. CASHMAN, THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION A, LINE 6 THE METRO CREDIT UNION IS A MEMBERS ONLY CREDIT UNION. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES, WORKS OR HAS A PLACE OF BUSINESS IN ESSEX, MIDDLESEX, NORFOLK, SUFFOLK, WORCESTER, PLYMOUTH, BARNSTABLE, BRISTOL, FRANKLIN, HAMPSHIRE, HAMPDEN, HILLSBOROUGH, ROCKINGHAM, CHESHIRE, MERRIMACK AND STRAFFORD COUNTIES. ANNUALLY THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS THAT ACT ON BEHALF OF MEMBERS AS THE GOVERNING BODY OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A SEE DISCLOSURE FOR LINE 6 FORM 990, PART VI, SECTION A, LINE 7B SEE DISCLOSURE FOR LINE 6 FORM 990, PART VI, SECTION B, LINE 11B ALL FINANCIAL DATA REPORTED RECONCILES TO THE YEAR END AUDITED FINANCIAL STATEMENTS PRESENTED TO THE BOARD OF DIRECTORS. THE RETURN IS REVIEWED BY THE CFO AND THEN REVIEWED BY THE BOARD PRIOR TO TRANSMITTING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OR IF A CHANGE OCCURS DURING THE YEAR, SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN AN ACKNOWLEDGMENT FORM AND DISCLOSURE STATEMENT AND RETURN IT TO THE CEO OR CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES REVIEW OF RECOMMENDATIONS PROVIDED BY AN OUTSIDE COMPENSATION CONSULTANT, USE OF INDUSTRY SPECIFIC DATA CONTAINING COMPARABLE COMPENSATION,REVIEW OF AVAILABLE SURVEY DATA PUBLISHED BY HUMAN RESOURCE ORGANIZATIONS, REVIEW AND APPROVAL BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS, AND CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS RELATED TO THE ORGANIZATION OF THE METRO CREDIT UNION AND ALL 990 FILINGS ARE AVAILABLE UPON REQUEST BY ANY PERSON OR ORGANIZATION THAT REQUEST THE INFORMATION. FORM 990, PART XI, LINE 9: FAS 158 NET PENSION ADJUSTMENT 1,046,993. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS OF METRO CREDIT UNION DURING THE TAX YEAR. METRO INSURANCE ADVISORS LLC 200 REVERE BEACH PARKWAY CHELSEA MA 02150 001263954 INSURANCE PRODUCT MA 80100 503744 METRO CREDIT UNION METRO CREDIT UNION FOUNDATION INC 200 REVERE BEACH PARKWAY CHELSEA MA 02150 922114764 GRANT MAKING MA 501(C)(3) PF METRO CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 METRO CREDIT UNION FOUNDATION INC B 106100 CASH