2018-11-14T14:21:38-05:00 2017-12-31 472604526 GARVEY STEELE & COMPANY LLP PO BOX 397 MYSTIC CT 063550397 990 2017-01-01 041853650 SOUTHERN MASS CREDIT UNION SOUT 5089949971 123 ALDEN ROAD FAIRHAVEN MA 02719 CARMEN SYLVESTER CEO/PRESIDENT 5089797749 2018-11-12 true MICHAEL R GARVEY CPA P00264137 8605369831 2018-11-12 23.30.174.89 2018-11-14 13:21:38 CS P 97DB9962C47C60A4FA4E0617B85582D50FB1056D 5B5CA7FD07B7338219B8C37395F5B6EA9C1C510F 2017 2019-02-21 02:37:17Z CARMEN SYLVESTER 123 ALDEN ROAD FAIRHAVEN MA 02719 7806286 false X WWW.SOUTHERNMASS.COM X 1922 MA CREDIT UNION - THRIFT SERVICES 12 10 72 10 39500 -12211 0 4903262 5039861 1113410 1175549 1123866 1590876 7140538 7806286 5000 5000 0 2931336 2807741 0 0 4133273 4150876 7069609 6963617 70929 842669 205288394 209834656 182131956 185756344 23156438 24078312 CREDIT UNION - THRIFT SERVICES false false MAINTENANCE OF MEMBERS' DEPOSIT AND LOAN ACCOUNTS. NUMBER OF DEPOSIT ACCOUNTS IS 29,550. NUMBER OF LOAN ACCOUNTS IS 6,589. SCHOLARSHIPS AWARDED TO QUALIFYING APPLICANTS - MEMBERS/MEMBERS' FAMILY. false false false false false false false true false true false false false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false true 4772 0 true 72 true true true false false false false false X 12 10 false false false false true true true true true false true true false true true true true true true false true false X X JACQUELINE BOBOLA 5089949971 123 ALDEN ROAD FAIRHAVEN MA 027194733 DAVID DARMOFAL CHAIRMAN 8.00 X X 10500 0 0 RICHARD ELLIS CLERK/TREASU 3.00 X X 4000 0 0 MARY ELLEN SILVA ASST CLERK/T 3.00 X X 0 0 0 ROBERT FERRETTI 1ST VICE CHA 3.00 X X 0 0 0 ALFRED PECCINI 3RD VICE CHA 3.00 X X 0 0 0 PAMELA BOURGAULT DIRECTOR 3.00 X 0 0 0 CHARLES MURPHY DIRECTOR 3.00 X 0 0 0 PAUL SYLVIA DIRECTOR 3.00 X 0 0 0 SANDRA TYNAN DIRECTOR 3.00 X 0 0 0 ROBERT WALLACE 2ND VICE CHA 3.00 X X 0 0 0 MARK SYLVIA DIRECTOR 3.00 X 0 0 0 RONALD CORREIA DIRECTOR 3.00 X 0 0 0 JO-ANN ROSE VP OF HR 40.00 X 90244 0 7373 DEBRA TOWER VP OF MEMBER 40.00 X 86809 0 18456 CARMEN SYLVESTER CEO/PRESIDEN 40.00 X 73094 0 0 264647 25829 false false false FISERV PO 99924 GRAPEVINE TX 76099 ATM PROCESSING 288479 DIGITAL INSIGHT PO BOX 740641 LOS ANGELES CA 900740641 BILL PAYER 143581 2 LOAN INCOME 5039861 5039861 5039861 1175549 1175549 MEMBER SERVICE FEES 735354 735354 GAIN ON DISPOSITION OF ASSET 526645 526645 OTHER INCOME 289377 289377 39500 39500 1590876 7806286 7766786 39500 5000 290476 1824297 78444 441176 173348 10528 65829 218874 178369 508589 498797 68383 900482 360106 68315 ATM CHARGES 440786 BANK SERVICE CHARGES 303395 MISCELLANEOUS 235459 CONSULTING 86080 206884 6963617 0 0 0 1610128 10510119 38169573 28134430 1710931 2248774 115300325 127197779 262101 403795 9531252 4746612 4875081 4784640 37559164 32928319 484000 700300 5317091 2926500 205288394 209834656 110720 124159 217390 265309 5000000 181803846 180366876 182131956 185756344 X 23156438 24078312 23156438 24078312 205288394 209834656 842669 79205 X false true X true false false true X 1392538 1392538 5600225 2614177 2986048 196563 48714 147849 2341926 2083721 258205 4784640 SHARES AND DEPOSIT ACCOUNTS 179901671 OTHER LIABILITIES 465205 180366876 7806286 7806286 7806286 6963617 6963617 6963617 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. DIRECTORS AND OFFICERS DIRECTORS & OFFICERS VARIOUS X 3229316 2248774 false true true 2248774 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 2017 FORM 990 WILL BE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. DUE TO THE TIMING OF THE COMPLETION OF THE RETURN AND FILING DUE DATE, THE FORM 990 WILL BE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE SUBSEQUENT TO THE FILING DUE DATE. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE WHEN A POTENTIAL CONFLICT ARISES. ALSO, ANNUALLY, THE CODE OF ETHICS WHICH CONTAINS THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL EMPLOYEES AND DIRECTORS WHICH EXPLAINS WHEN TO AND HOW TO REPORT ANY CONFLICTS OF INTEREST. EACH EMPLOYEE AND DIRECTOR MUST SIGN, ACKNOWLEDGING THE RECEIPT AND UNDERSTANDING OF THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS, BASED ON INDUSTRY AND CONSULTANT. FORM 990, PAGE 6, PART VI, LINE 19 INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RECLASS ADJMT GAINS/LOSSES INCLUDED IN NET INCOME 79,205