CITY OF BOSTON CREDIT UNION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: CITY OF BOSTON CREDIT UNION (EIN 04-1103180)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-11-09
IRS object ID: 201833139349303108
Schema version: 2017v2.3
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
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-11-09T15:04:24-05:00	ReturnTs
Tax Period End	2017-12-31	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	2017-01-01	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	2018-11-07	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MICHAEL R GARVEY CPA	PreparerPersonNm
PTIN	P00264137	PTIN
Phone	8605369831	PhoneNum
Preparation	2018-11-07	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	2018-11-09	IPDt
IP Tm	14:04:24	IPTm
IP Timezone	CS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	97DB9962C47C60A4FA4E0617B85582D50FB1056D	AtSubmissionCreationDeviceId
At Submission Filing Device Id	5B5CA7FD07B7338219B8C37395F5B6EA9C1C510F	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	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	$19,265,142	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	10	VotingMembersIndependentCnt
Total Employee	89	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$58,941	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$472,854	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$15,328,625	PYProgramServiceRevenueAmt
CY Program Service Revenue	$16,872,415	CYProgramServiceRevenueAmt
PY Investment Income	$647,728	PYInvestmentIncomeAmt
CY Investment Income	$781,231	CYInvestmentIncomeAmt
PY Other Revenue	$1,613,416	PYOtherRevenueAmt
CY Other Revenue	$1,611,496	CYOtherRevenueAmt
PY Total Revenue	$17,589,769	PYTotalRevenueAmt
CY Total Revenue	$19,265,142	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	$5,720,806	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$7,073,125	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$10,637,813	PYOtherExpensesAmt
CY Other Expenses	$11,368,650	CYOtherExpensesAmt
PY Total Expenses	$16,373,619	PYTotalExpensesAmt
CY Total Expenses	$18,456,775	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,216,150	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$808,367	CYRevenuesLessExpensesAmt
Total Assets BOY	$366,384,141	TotalAssetsBOYAmt
Total Assets EOY	$384,042,337	TotalAssetsEOYAmt
Total Liabilities BOY	$319,791,155	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$336,818,598	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$46,592,986	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$47,223,739	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 51,914. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS 12,643.	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	11727	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	89	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
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	10	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 (20 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
JAMES DRISCOLL
DIRECTOR/TRE	5.00	Yes (X)	Yes (X)	$12,222	$0	$0
COLEMAN FLAHERTY
SECRETARY	5.00	Yes (X)	Yes (X)	$9,922	$0	$0
TIMOTHY SMYTH
CHAIRPERSON	5.00	Yes (X)	Yes (X)	$9,781	$0	$0
STEPHEN GREEN
DIRECTOR/PRE	5.00	Yes (X)	Yes (X)	$5,427	$0	$0
CHRISTOPHER STOCKBRIDGE
DIRECTOR	5.00	Yes (X)		$5,090	$0	$0
SUSAN CONNOLLY
DIRECTOR	5.00	Yes (X)		$2,373	$0	$0
KEVIIN LINSKEY
2ND VICE PRE	5.00	Yes (X)	Yes (X)	$1,891	$0	$0
MATTHEW MORONEY
DIRECTOR	5.00	Yes (X)		$1,884	$0	$0
MARK BERNARD
DIRECTOR	5.00	Yes (X)		$1,473	$0	$0
NEIL MCGONAGLE
DIRECTOR	5.00	Yes (X)		$1,159	$0	$0
CECIL JONES
DIRECTOR	5.00	Yes (X)		$494	$0	$0
THOMAS TINLIN
VICE CHAIRPE	5.00	Yes (X)	Yes (X)	$255	$0	$0
BRIAN GILL
DIRECTOR	5.00	Yes (X)		$225	$0	$0
GREGORY ROONEY
DIRECTOR	5.00	Yes (X)		$90	$0	$0
DANIEL E WALTZ
CEO- PRESENT	40.00		Yes (X)	$233,477	$0	$31,316
CATHERINE MULLEN
VP OF MEMBER	40.00		Yes (X)	$142,753	$0	$38,416
ROBERT MCCAULEY
VP OF LENDIN	40.00		Yes (X)	$138,019	$0	$38,242
ANDREW BROWN
VP OF FINANC	40.00		Yes (X)	$136,059	$0	$30,818
KARLA MCCARRON
VP OF MARKET	40.00		Yes (X)	$112,751	$0	$37,815
DANIEL TROMBLEY
CEO(JAN-APRI	40.00			$718,513	$0	$37,238	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,533,858	TotalReportableCompFromOrgAmt
Total Other Compensation	$213,845	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	6	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	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	$1,582,768
NES GROUP
NES GROUP	905 SOUTH MAIN STREET	905 SOUTH MAIN STREET	MANSFIELD	MA	02048	PROJECT MGMT	$1,377,946
BLUE CROSS BLUE SHIELD
BLUE CROSS BLUE SHIELD	BOX 371318	BOX 371318	PITTSBURGH	PA	15250	HEALTH INS	$900,647
CLEAR CHANNEL OUTDOOR
CLEAR CHANNEL OUTDOOR	PO BOX 402379	PO BOX 402379	ATLANTA	GA	30384	ADVERTISING	$235,385
ONE UNION STREET LIMITED PARTNERSHIP
ONE UNION STREET LIMITED PARTNERSHIP	OLD CITY HALL	OLD CITY HALL	PORTSMOUTH	NH	03801	RENT	$233,843

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	11	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST ON LOANS	$16,254,493	$16,254,493
OTHER INCOME	$259,484	$259,484
GAIN ON SALE OF ASSETS	$198,909	$198,909
RENTAL INCOME	$157,858	$157,858
GAIN ON SALE OF INVESTMENT	$1,671	$1,671

Field	Value	IRS element (for citing)
Total Program Service Revenue	$16,872,415	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$781,231	TotalRevenueColumnAmt
Related Or Exempt Func Income	$781,231	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
MEMBER SERVICE FEES	522100	$1,552,555	$1,552,555
NON MEMBER ATM INCOME	522100	$58,941		$58,941

Field	Value	IRS element (for citing)
Other Revenue Total	$1,611,496	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$19,265,142	TotalRevenueColumnAmt
Related Or Exempt Func Income	$19,206,201	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$58,941	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	$991,952	TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$755,751	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$3,737,111	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$316,951	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$886,825	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$384,535	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,556,314	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$541,544	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,551,251	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$889,097	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$150,243	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,339,868	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$408,442	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$104,318	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
ATM EXPENSE - NON MEMBER	$531,795
PROVISION FOR LOAN LOSSES	$1,566,277
PROFESSIONAL FEES	$422,171
LOAN SERVICING	$377,021

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$930,309	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$18,456,775	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	$1,512,888	BOYAmt
EOY	$22,838,082	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$26,432,440	BOYAmt
EOY	$14,418,000	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$2,041,119	BOYAmt
EOY	$2,105,773	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$292,621,018	BOYAmt
EOY	$302,678,818	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$264,547	BOYAmt
EOY	$266,224	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$7,451,485	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,057,837	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$3,264,295	BOYAmt
EOY	$4,393,648	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$33,814,843	BOYAmt
EOY	$29,917,537	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$2,144,200	BOYAmt
EOY	$2,666,200	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,288,791	BOYAmt
EOY	$4,758,055	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$366,384,141	BOYAmt
EOY	$384,042,337	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$853,523	BOYAmt
EOY	$1,514,968	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$507,267	BOYAmt
EOY	$129,230	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$35,000,000	BOYAmt
EOY	$40,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$283,430,365	BOYAmt
EOY	$295,174,400	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$319,791,155	BOYAmt
EOY	$336,818,598	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	$46,592,986	BOYAmt
EOY	$47,223,739	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$46,592,986	BOYAmt
EOY	$47,223,739	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$366,384,141	BOYAmt
EOY	$384,042,337	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$808,367	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$177,614	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	$1,949,316	OtherCostOrOtherBasisAmt
Depreciation	$1,132,688	DepreciationAmt
Book Value	$816,628	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,308,332	OtherCostOrOtherBasisAmt
Depreciation	$1,299,129	DepreciationAmt
Book Value	$2,009,203	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$964,474	OtherCostOrOtherBasisAmt
Depreciation	$626,020	DepreciationAmt
Book Value	$338,454	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$4,393,648	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARE & SAVINGS ACCOUNTS	Desc
Amt	$295,174,400	Amt

Field	Value	IRS element (for citing)
Total Liability	$295,174,400	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$19,265,142	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$19,265,142	RevenueSubtotalAmt
Total Revenue Per Form990	$19,265,142	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$18,456,775	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$18,456,775	ExpensesSubtotalAmt
Total Expenses Per Form990	$18,456,775	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 (6 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	$230,416	$3,061	$24,000	$7,316	$264,793
CATHERINE MULLEN
VP OF MEMBER SERVICE	$141,732	$1,021	$17,500	$20,916	$181,169
ROBERT MCCAULEY
VP OF LENDING	$135,279	$2,740	$17,500	$20,742	$176,261
ANDREW BROWN
VP OF FINANCE	$135,065	$994	$17,500	$13,318	$166,877
KARLA MCCARRON
VP OF MARKETING	$111,962	$789	$17,500	$20,315	$150,566
DANIEL TROMBLEY
CEO(JAN-APRIL)	$716,862	$1,651	$24,000	$13,238	$755,751

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	$2,105,773	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	$2,105,773	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	THE VP OF FINANCE 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.