2019-10-31T11:59:41-05:00 2018-12-31 472604526 GARVEY STEELE & COMPANY LLP PO BOX 397 MYSTIC CT 063550397 990 2018-01-01 041126132 BROTHERHOOD CREDIT UNION BROT 7815985555 75 MARKET STREET LYNN MA 01901 JAMES J SHERMAN PRESIDENT & DIRECTOR 7815985555 2019-10-25 true MICHAEL R GARVEY CPA P00264137 8605369831 2019-10-25 23.30.174.89 2019-10-31 11:59:41 CD P 97DB9962C47C60A4FA4E0617B85582D50FB1056D 9570383E1EFF34A6201CD1E9342B30FE84522C6E 2018 2020-03-31 21:24:44Z JAMES J SHERMAN 75 MARKET STREET LYNN MA 01901 3115961 false X BROTHERHOODCU.ORG X 1934 MA CREDIT UNION MEMBER SERVICES 9 7 23 7 10714 0 1588144 1599538 1067932 1252170 191591 264253 2847667 3115961 2500 4000 0 1343014 1404671 0 0 1430459 1485024 2775973 2893695 71694 222266 109819786 105972783 65846111 64649542 43973675 41323241 CREDIT UNION MEMBER SERVICES false false MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 6,963. NUMBER OF LOAN ACCOUNTS IS 1,149. false false false false false false false true false true false false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 1331 0 true 23 true true true false false false false false false false X 9 7 true false false false true true true true true false true true false false false false true true false MA X X JAMES J SHERMAN 7815985555 75 MARKET STREET LYNN MA 01901 JAMES J SHERMAN PRESIDENT & 40.00 X X 180092 0 26403 ADAM SHERMAN CFO AND DIRE 40.00 X X 78135 0 29199 DARREN KLEIN DIRECTOR 2.00 X 0 0 0 EDWARD I SHADOFF DIRECTOR 2.00 X 0 0 0 HOWARD FIELD DIRECTOR 2.00 X 0 0 0 ALAN KALIKOW DIRECTOR THR 2.00 X 0 0 0 HUBERT KREPLICK CLERK 2.00 X X 0 0 0 MARTIN SHUMAN TREASURER 3.00 X X 0 0 0 MICHAEL COHEN DIRECTOR 2.00 X 0 0 0 RICHARD KESSEL DIRECTOR 2.00 X 0 0 0 258227 55602 1 false true false FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 IT 240703 1 INTEREST ON LOANS 1599538 1599538 1599538 1252170 1252170 MISCELLANEOUS 180771 180771 SERVICE CHARES AND FEES 58526 58526 MEMBER INSURANCE 14242 14242 10714 10714 264253 3115961 3105247 10714 4000 313829 799198 100334 103160 88150 3320 16592 102790 62711 291625 162007 25316 416275 72504 43500 ELAN EXPENSE 68648 SHARE DRAFT PROCESSING 50420 MAINTENANCE 41714 LOAN SERVICING 25144 102458 2893695 0 0 0 2908708 2820146 38601384 39461924 393487 412202 42909567 44794676 21176 73887 2593350 1822039 825306 771311 23047294 16472542 164000 164000 948864 1002095 109819786 105972783 105683 105522 344838 347745 65395590 64196275 65846111 64649542 X 43973675 41323241 43973675 41323241 109819786 105972783 222266 -2872700 X false false false false true X 49000 49000 1829568 1177033 652535 99105 99105 42221 41850 371 573456 504051 69405 771311 MEMBER DEPOSIT ACCOUNTS 64112807 OTHER LIABILITIES-SUSPENSE ACCOUNTS 83468 64196275 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. X true true X X false false false JAMES J SHERMAN PRESIDENT & DIRECTOR 180092 21629 4774 206495 ADAM H SHERMAN CFO FIRST MORTGAGE X 390000 374107 false true true DARREN KLEIN DIRECTOR AUTON X 23326 21439 false true true HOWARD FIELD DIRECTOR AUTO X 15025 8656 false true true MICHAEL COHEN DIRECTOR X 8000 8000 false true true 412202 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/DIRECTOR PRESIDENT SON ADAM H. SHERMAN HUBERT KREPLICK CFO/DIRECTOR DIRECTOR NEPHEW 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.