2019-05-13T15:07:52-05:00 2018-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2018-01-01 041896000 LIBERTY BAY CREDIT UNION LIBE 6174396500 300 GRANITE STREET BRAINTREE MA 02184 GEORGE KELLY VP FINANCE & RISK 6174396500 2019-05-10 1 SEAN MCNEIL CPA P01731264 6176968900 2019-05-10 173.14.170.162 2019-05-10 10:05:17 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 79F69FBBB9CDFD997BAEC65AF96CF0C028CE0325 2018 2019-02-21 02:37:17Z GEORGE KELLY 300 GRANITE STREET BRAINTREE MA 02184 25866948 0 X WWW.LIBERTYBAYCU.ORG X CREDIT UNION 1917 MA TO OFFER FINANCIAL SERVICES. 17 13 109 11 0 0 0 0 19605834 21762598 3405657 4104350 0 0 23011491 25866948 11500 11500 0 0 10228564 10863707 0 0 0 13453367 14122297 23693431 24997504 -681940 869444 683756387 667405233 585997120 569290767 97759267 98114466 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 1 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 9306 0 1 109 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 13 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X GEORGE KELLY 6174396500 300 GRANITE STREET BRAINTREE MA 02184 GERARD BURM TREASURER 4.00 X 5625 0 82 EUGENE LEAHY DIRECTOR 2.00 X 0 0 82 BRIAN ADAMS DIRECTOR 2.00 X 0 0 204 WINIFRED BOLTER DIRECTOR 2.00 X 3375 0 51 EDWARD MCCOLGAN 2ND VICE CHAIRMAN 2.00 X 0 0 132 THOMAS J FLYNN DIRECTOR 2.00 X 0 0 133 EDWARD R FOLEY CHAIRMAN 8.00 X 11250 0 133 PATRICK J FOLEY VICE CHAIRMAN 2.00 X 0 0 204 ROBERT B FOLEY JR DIRECTOR 2.00 X 0 0 204 DENNIS J SIRACUSA SECRETARY 4.00 X 5625 0 204 STEPHEN J KELLEY SR DIRECTOR 2.00 X 0 0 82 JOHN J LEARY DIRECTOR 2.00 X 0 0 51 WILLIAM T MURPHY DIRECTOR 2.00 X 3375 0 51 MICHAEL F MCCARTHY DIRECTOR 2.00 X 6750 0 82 ROBERT J MITCHELL DIRECTOR 2.00 X 0 0 82 SEAN CASHMAN DIRECTOR 2.00 X 0 0 204 PETER LINCOLN DIRECTOR 2.00 X 0 0 82 EDWARD LOPES PRESIDENT/CEO 40.00 X 408348 0 39203 JAMES QUINN SVP ADMINISTRATION 40.00 X 170598 0 42991 PETER DENNIS SVP BUSINESS DEVELOPMENT 40.00 X 210032 0 47101 JOSEPH BEAN SVP FINANCE & LENDING OPER 40.00 X 176109 0 42979 STEPHEN FULCHINI VP OF INFO TECHNOLOGY 40.00 X 157402 0 41598 BRIAN LEARY DIRECTOR OF ADVANCED MEMBER SERVICES 40.00 X 155321 0 26352 KATHERINE PEILA SVP OF PROJECT ADMINISTRATION 40.00 X 161898 0 42048 STEPHEN HILE MORTGAGE LOAN OFFICER 40.00 X 146554 0 24206 FREDERICK WILLIAMS CAO, CONTROLLER 40.00 X 140688 0 39255 1762950 0 347796 18 0 1 0 THE LONG GROUP 22 GREELEY STREET MERRIMACK NH 03054 MARKETING 754991 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 DATA PROCESSING 445851 DARLING CONSULTING GROUP 260 MERRIMAC STREET 3RD FLOOR NEWBURYPORT MA 01950 ALM CONSULTING 141531 SUPERLATIVE PRINTING INC 4 CABOT PLACE STOUGHTON MA 02072 PRINTING 125806 SMITH & WILKINSON 71 US ROUTE 1 STE D SCARBOROUGH ME 04074 EXECUTIVE SEARCH SOLUTIONS 104597 5 LOAN INTEREST 522100 19116396 19116396 FEES ON ACCOUNTS 522100 2205173 2205173 MISCELLANEOUS INCOME 522100 441029 441029 21762598 4104350 4104350 25866948 21762598 0 4104350 11500 2110797 6102053 565819 1469210 615828 91880 52089 1083351 303141 1626586 47763 4389072 715436 EQUIPMENT MAINTENANCE 1259293 MISCELLANEOUS 1075471 PROVISION FOR LOAN LOSS 724000 LOAN COLLECTION & OTHER 676660 2077555 24997504 19763293 7480284 14119427 12873611 8444173 8632820 466384250 476735820 1549108 1734817 11300827 6500552 4646465 4800275 165701322 151994361 3148349 3153245 683756387 667405233 4683271 3890166 105000000 99000000 476313849 466400601 585997120 569290767 X 0 0 0 0 97759267 98114466 97759267 98114466 683756387 667405233 X 869444 -687496 173251 X X 0 1 X 1 0 409500 409500 1320015 117074 1202941 2020455 560922 1459533 3483084 2217187 1265897 4067773 3605369 462404 4800275 NCUSIF DEPOSIT 4368343 C EASCORP PPIC 265589 C EASCORP PPIC II 1025000 C FHLB BANK STOCK 5697100 C FEDERAL AGENCY SECURITIES 140499617 F CO-OP 20244 C INTEREST IN CSCU 118468 C 151994361 MEMBER DEPOSITS 466400601 466400601 25866948 0 25866948 0 25866948 24997504 0 24997504 0 24997504 1 SCHOLARSHIPS TO ENROLLED COLLEGE FRESHMAN WHO ARE MEMBERS OF LBCU - MADE PAYABLE TO THE MEMBERS 11 11500 1 X X X 0 1 0 EDWARD LOPES PRESIDENT/CEO 362762 0 45586 0 0 0 27500 0 11703 0 447551 0 0 0 JAMES QUINN SVP ADMINISTRATION 158198 0 12400 0 0 0 17060 0 25931 0 213589 0 0 0 PETER DENNIS SVP BUSINESS DEVELOPMENT 191032 0 19000 0 0 0 21003 0 26098 0 257133 0 0 0 JOSEPH BEAN SVP FINANCE & LENDING OPER 138909 0 37200 0 0 0 17610 0 25369 0 219088 0 0 0 STEPHEN FULCHINI VP OF INFO TECHNOLOGY 151452 0 5950 0 0 0 15740 0 25858 0 199000 0 0 0 BRIAN LEARY DIRECTOR OF ADVANCED MEMBER SERVICES 146760 0 8561 0 0 0 15532 0 10820 0 181673 0 0 0 KATHERINE PEILA SVP OF PROJECT ADMINISTRATION 150959 0 10939 0 0 0 16190 0 25858 0 203946 0 0 0 STEPHEN HILE MORTGAGE LOAN OFFICER 146554 0 0 0 0 0 14655 0 9551 0 170760 0 0 0 FREDERICK WILLIAMS CAO, CONTROLLER 135963 0 4725 0 0 0 14069 0 25186 0 179943 0 0 0 PART I, LINE 4B THE CHIEF EXECUTIVE OFFICER, EDWARD LOPES, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2014. THE CHIEF FINANCIAL OFFICER, JOEL KELLER, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2016. THE SENIOR VICE PRESIDENT OF LENDING AND FINANCE, JOSEPH BEAN, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2017. ED LOPES CEO SERP X 4255269 4994756 0 1 1 JOEL KELLER EVP/CFO SERP X 1765500 1860175 0 1 1 JOSEPH BEAN SVP SERP X 1706227 1777889 0 1 1 8632820 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 CFO 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 DISCUSS. 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 173,251. FORM 990, PART IV, LINE 12 AND FORM 990, PART XI, LINE 2B AUDITED FINANCIAL STATEMENTS WERE PREPARED AS OF 09/30/18