CITY OF BOSTON CREDIT UNION: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- CITY OF BOSTON CREDIT UNION (EIN 04-1103180)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-10-25
- IRS object ID
- 201932989349300823
- Schema version
- 2018v3.1
- 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 | 2019-10-25T10:59:42-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 472604526 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARVEY STEELE & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 397 | AddressLine1Txt |
| City | MYSTIC | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 063550397 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041103180 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF BOSTON CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CITY | BusinessNameControlTxt |
| Phone | 6176352471 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 UNION STREET - 3RD FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREW BROWN | PersonNm |
| Person Title | VP OF FINANCE | PersonTitleTxt |
| Phone | 6176354545 | PhoneNum |
| Signature | 2019-10-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD B STEELE CPA | PreparerPersonNm |
| PTIN | P00157880 | PTIN |
| Phone | 8605369831 | PhoneNum |
| Preparation | 2019-10-11 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 23.30.174.89 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-10-25 | IPDt |
| IP Tm | 10:59:42 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 97DB9962C47C60A4FA4E0617B85582D50FB1056D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0DB47BAB6B0BC72DDBF5BAC695223E6FE8697976 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-01-14 16:20:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DANIEL E WALTZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 UNION ST - 3RD FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,190,513 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CITYOFBOSTONCU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1915 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | CREDIT UNION - THRIFT SERVICES | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 91 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $61,773 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,872,415 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $17,116,357 | CYProgramServiceRevenueAmt |
| PY Investment Income | $781,231 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,300,573 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,611,496 | PYOtherRevenueAmt |
| CY Other Revenue | $1,773,583 | CYOtherRevenueAmt |
| PY Total Revenue | $19,265,142 | PYTotalRevenueAmt |
| CY Total Revenue | $20,190,513 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $15,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $15,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,073,125 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,934,243 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,368,650 | PYOtherExpensesAmt |
| CY Other Expenses | $11,973,213 | CYOtherExpensesAmt |
| PY Total Expenses | $18,456,775 | PYTotalExpensesAmt |
| CY Total Expenses | $18,922,456 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $808,367 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,268,057 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $384,042,337 | TotalAssetsBOYAmt |
| Total Assets EOY | $390,949,890 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $336,818,598 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $342,547,518 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $47,223,739 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $48,402,372 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CREDIT UNION - THRIFT SERVICES | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | MAINTENANCE OF MEMBERS' SHARE ACCOUNTS AND THE INVESTMENT OF SUCH FUNDS. NUMBER OF SHARE ACCOUNTS 45,628. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS 13,822. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 12082 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 91 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREW BROWN | PersonNm |
| Phone | 6176352471 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 UNION ST - 3RD FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02108 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| COLEMAN FLAHERTY | ||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $13,281 | $0 | $0 |
| TIMOTHY SMYTH | ||||||
| CHAIRPERSON | 5.00 | Yes (X) | Yes (X) | $12,495 | $0 | $0 |
| JAMES DRISCOLL | ||||||
| DIRECTOR/TRE | 5.00 | Yes (X) | Yes (X) | $12,235 | $0 | $0 |
| SUSAN CONNOLLY | ||||||
| DIRECTOR | 5.00 | Yes (X) | $1,302 | $0 | $0 | |
| KEVIIN LINSKEY | ||||||
| 2ND VICE PRE | 5.00 | Yes (X) | Yes (X) | $1,235 | $0 | $0 |
| MATTHEW MORONEY | ||||||
| DIRECTOR | 5.00 | Yes (X) | $1,228 | $0 | $0 | |
| MARK BERNARD | ||||||
| DIRECTOR | 5.00 | Yes (X) | $1,202 | $0 | $0 | |
| CHRISTOPHER STOCKBRIDGE | ||||||
| DIRECTOR | 5.00 | Yes (X) | $1,079 | $0 | $0 | |
| THOMAS TINLIN | ||||||
| VICE CHAIRPE | 5.00 | Yes (X) | Yes (X) | $946 | $0 | $0 |
| GREGORY ROONEY | ||||||
| DIRECTOR | 5.00 | Yes (X) | $751 | $0 | $0 | |
| NEIL MCGONAGLE | ||||||
| DIRECTOR | 5.00 | Yes (X) | $295 | $0 | $0 | |
| STEPHEN GREEN | ||||||
| DIRECTOR | 5.00 | Yes (X) | $258 | $0 | $0 | |
| CECIL JONES | ||||||
| DIRECTOR | 5.00 | Yes (X) | $258 | $0 | $0 | |
| BRIAN GILL | ||||||
| DIRECTOR | 5.00 | Yes (X) | $138 | $0 | $0 | |
| DANIEL E WALTZ | ||||||
| CEO- PRESENT | 40.00 | Yes (X) | $325,400 | $0 | $35,555 | |
| CATHERINE MULLEN | ||||||
| VP OF MEMBER | 40.00 | Yes (X) | $146,461 | $0 | $39,704 | |
| ANDREW BROWN | ||||||
| VP OF FINANC | 40.00 | Yes (X) | $142,262 | $0 | $39,630 | |
| ROBERT MCCAULEY | ||||||
| VP OF LENDIN | 40.00 | Yes (X) | $141,293 | $0 | $39,530 | |
| KARLA MCCARRON | ||||||
| VP OF MARKET | 40.00 | Yes (X) | $119,116 | $0 | $39,103 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $921,235 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $193,522 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|---|
| CONNECTICUT ONLINE | |||||||
| CONNECTICUT ONLINE | 135 DARLING DR | 135 DARLING DR | AVON | CT | 06001 | DATA PROCESSOR | $1,709,119 |
| BLUE CROSS BLUE SHIELD | |||||||
| BLUE CROSS BLUE SHIELD | BOX 371318 | BOX 371318 | PITTSBURGH | PA | 15250 | HEALTH INS | $1,083,805 |
| NES GROUP | |||||||
| NES GROUP | 905 SOUTH MAIN STREET | 905 SOUTH MAIN STREET | MANSFIELD | MA | 02048 | PROJECT MGMT | $453,498 |
| COMCAST SPOTLIGHT | |||||||
| COMCAST SPOTLIGHT | PO BOX 415949 | BOSTON | MA | 02241 | ADVERSTISING | $246,217 | |
| CLEAR CHANNEL OUTDOOR | |||||||
| CLEAR CHANNEL OUTDOOR | PO BOX 402379 | PO BOX 402379 | ATLANTA | GA | 30384 | ADVERTISING | $239,310 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| INTEREST ON LOANS | $16,469,673 | $16,469,673 |
| OTHER INCOME | $477,880 | $477,880 |
| RENTAL INCOME | $157,858 | $157,858 |
| GAIN ON SALE OF ASSETS | $10,946 | $10,946 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $17,116,357 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,300,573 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,300,573 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBER SERVICE FEES | 522100 | $1,711,810 | $1,711,810 | |
| NON MEMBER ATM INCOME | 522100 | $61,773 | $61,773 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,773,583 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,190,513 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,128,740 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $61,773 | UnrelatedBusinessRevenueAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,114,758 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,988,555 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $366,022 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,077,011 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $387,897 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,548,165 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $542,852 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,572,239 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $991,080 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,541 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,753,040 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $478,660 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,905 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSSES | $1,743,379 |
| ATM EXPENSE - MEMBER | $813,623 |
| LOAN SERVICING | $412,778 |
| PROFESSIONAL FEES | $387,879 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,072 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,922,456 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,838,082 | BOYAmt |
| EOY | $12,639,110 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,418,000 | BOYAmt |
| EOY | $33,760,000 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,105,773 | BOYAmt |
| EOY | $2,652,818 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $302,678,818 | BOYAmt |
| EOY | $305,392,743 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $266,224 | BOYAmt |
| EOY | $318,056 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,965,202 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,536,497 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,393,648 | BOYAmt |
| EOY | $4,428,705 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,917,537 | BOYAmt |
| EOY | $23,854,374 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,666,200 | BOYAmt |
| EOY | $2,540,100 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,758,055 | BOYAmt |
| EOY | $5,363,984 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $384,042,337 | BOYAmt |
| EOY | $390,949,890 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,514,968 | BOYAmt |
| EOY | $2,356,809 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,230 | BOYAmt |
| EOY | $24,311 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,000,000 | BOYAmt |
| EOY | $40,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,174,400 | BOYAmt |
| EOY | $300,166,398 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $336,818,598 | BOYAmt |
| EOY | $342,547,518 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,223,739 | BOYAmt |
| EOY | $48,402,372 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,223,739 | BOYAmt |
| EOY | $48,402,372 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $384,042,337 | BOYAmt |
| EOY | $390,949,890 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,268,057 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$89,424 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,229,363 | OtherCostOrOtherBasisAmt |
| Book Value | $1,229,363 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,082,524 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,251,687 | DepreciationAmt |
| Book Value | $830,837 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,629,195 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,536,884 | DepreciationAmt |
| Book Value | $2,092,311 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,024,120 | OtherCostOrOtherBasisAmt |
| Depreciation | $747,926 | DepreciationAmt |
| Book Value | $276,194 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,428,705 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' SHARE & SAVINGS ACCOUNTS | Desc |
| Amt | $300,166,398 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $300,166,398 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $20,190,513 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $20,190,513 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $20,190,513 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,922,456 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $18,922,456 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $18,922,456 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 2, PART IV, LINE 2B | FormAndLineReferenceDesc |
| Explanation | MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES DUE TO MUNICIPALITIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 15 | RecipientCnt |
| Cash Grant | $15,000 | CashGrantAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| DANIEL E WALTZ | |||||
| CEO- PRESENT | $322,304 | $3,096 | $24,000 | $11,555 | $360,955 |
| CATHERINE MULLEN | |||||
| VP OF MEMBER SERVICE | $145,398 | $1,063 | $17,500 | $22,204 | $186,165 |
| ANDREW BROWN | |||||
| VP OF FINANCE | $141,238 | $1,024 | $17,500 | $22,130 | $181,892 |
| ROBERT MCCAULEY | |||||
| VP OF LENDING | $138,466 | $2,827 | $17,500 | $22,030 | $180,823 |
| KARLA MCCARRON | |||||
| VP OF MARKETING | $118,296 | $820 | $17,500 | $21,603 | $158,219 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOANS TO OFFICERS DIRECTORS | PersonNm |
| Relationship With Org | OFFICERS & DIRECTORS | RelationshipWithOrgTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $2,398,571 | OriginalPrincipalAmt |
| Balance Due | $2,652,818 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,652,818 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 COMPRIE 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 COMPRIE 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. |