2018-04-17T00:00:00-05:00 2017-12-31 042513210 G T REILLY & COMPANY INC 424 ADAMS STREET MILTON MA 02186 990 2017-01-01 041896000 LIBERTY BAY CREDIT UNION LIBE 6174396500 300 GRANITE STREET BRAINTREE MA 02184 GEORGE KELLY VP FINANCE & RISK 6174396500 2018-04-13 1 GIUSEPPE FEMIA CPA P01438848 6176968900 2018-04-13 2017 2022-09-23 18:48:47Z X GEORGE KELLY 300 GRANITE STREET BRAINTREE MA 02184 41412497 0 X WWW.LIBERTYBAYCU.ORG X CREDIT UNION 1917 MA TO OFFER FINANCIAL SERVICES. 18 14 96 0 0 0 0 0 18487323 19605834 4431088 3405657 0 0 22918411 23011491 11000 11500 0 0 9571163 10228564 0 0 0 11634440 13453367 21216603 23693431 1701808 -681940 645702696 683756387 551287879 585997120 94414817 97759267 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 9394 0 1 96 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 14 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 DIRECTOR 2.00 X 0 0 82 EUGENE LEAHY DIRECTOR 2.00 X 0 0 82 BRIAN ADAMS DIRECTOR 2.00 X 0 0 204 WINIFRED BOLTER SECRETARY 4.00 X X 9000 0 51 EDWARD MCCOLGAN 2ND VICE CHAIRMAN 2.00 X X 0 0 133 THOMAS J FLYNN DIRECTOR 2.00 X 0 0 133 EDWARD R FOLEY DIRECTOR 2.00 X 0 0 133 PATRICK J FOLEY VICE CHAIRMAN 2.00 X X 0 0 204 ROBERT B FOLEY JR DIRECTOR 2.00 X 0 0 204 DENNIS J SIRACUSA DIRECTOR 2.00 X 0 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 TREASURER 4.00 X X 9000 0 51 MICHAEL F MCCARTHY CHAIRMAN 8.00 X X 18000 0 82 ROBERT J MITCHELL DIRECTOR 2.00 X 0 0 82 FRANCIS P QUINN DIRECTOR 2.00 X 0 0 51 SEAN CASHMAN DIRECTOR 2.00 X 0 0 0 PETER LINCOLN DIRECTOR 2.00 X 0 0 0 BRIAN LEARY SVP/COO 40.00 X 232402 0 32960 EDWARD LOPES PRESIDENT/CEO 40.00 X 431098 0 37577 JOEL KELLER CFO 40.00 X 332928 0 42983 JAMES QUINN SVP ADMINISTRATION 40.00 X 167238 0 41498 PETER DENNIS SVP BUSINESS DEVELOPMENT 40.00 X 212198 0 46157 JOSEPH BEAN SVP FINANCE & LENDING OPERATIONS 40.00 X 114552 0 26995 STEPHEN FULCHINI VP OF INFO TECHNOLOGY 40.00 X 216788 0 46438 STEPHEN HILE MORTGAGE LOAN OFFICER 40.00 X 171798 0 25606 TRACY HART CONSUMER LOAN SPECIALIST 40.00 X 157346 0 39458 PAOLA FERRARA VP OPERATIONS 40.00 X 174293 0 41717 MARGIE MURPHY VP MORTGAGE LENDING 40.00 X 207705 0 30263 2454346 0 413481 49 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 DATA PROCESSING 533687 THE LONG GROUP 22 GREELEY STREET MERRIMACK NH 03054 MARKETING 444573 ELEMENT 125 BREWERY LANE SUITE 9 PORTSMOUTH NH 03801 DIGITAL DESIGN PLATFORM 225786 NUTTER MCCLENNEN & FISH LLP 155 SEAPORT BLVD BOSTON MA 02210 LEGAL 117272 MEMBER BUSINESS SOLUTIONS 3692 COLLIDGE CT SUITE 200 TALLAHASSEE FL 32311 BUSINESS LOAN SERVICING 112991 5 LOAN INTEREST 522100 17965699 17965699 FEES ON ACCOUNTS 522100 1237607 1237607 MISCELLANEOUS INCOME 522100 402528 402528 19605834 3367577 3367577 18439086 18401006 38080 38080 38080 23011491 19643914 0 3367577 X 11500 2867828 5311455 503190 992813 553278 156096 138390 969580 392910 2958612 56953 3097005 634122 EQUIPMENT MAINTENANCE 1262840 MISCELLANEOUS 1107734 LOAN COLLECTION & OTHER 730293 TELEPHONE 345556 1603276 23693431 7718844 19763293 6909699 14119427 5984525 8444173 444420696 466384250 1357453 1549108 10556064 5909599 1939107 4646465 173928889 165701322 3443483 3148349 645702696 683756387 7395449 4683271 105000000 105000000 438892430 476313849 551287879 585997120 X 0 0 0 0 94414817 97759267 94414817 97759267 645702696 683756387 X -681940 -190998 4217388 X X 0 1 X 1 0 409500 409500 1250135 21538 1228597 2086042 522683 1563359 2993189 2041902 951287 3817198 3323476 493722 4646465 NCUSIF DEPOSIT 4472146 C EASCORP PPIC 290589 C EASCORP PPIC II 1000000 C FHLB BANK STOCK 5697100 C FEDERAL AGENCY SECURITIES 149081487 F SIMPLI CD 5160000 C 165701322 MEMBER DEPOSITS 476313849 476313849 23011491 0 23011491 0 23011491 23693431 0 23693431 0 23693431 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 BRIAN LEARY SVP/COO 225268 0 7134 0 0 0 0 0 32960 0 265362 0 0 0 EDWARD LOPES PRESIDENT/CEO 361408 0 69690 0 0 0 0 0 37577 0 468675 0 0 0 JOEL KELLER CFO 254366 0 78562 0 0 0 0 0 42983 0 375911 0 0 0 JAMES QUINN SVP ADMINISTRATION 154684 0 12554 0 0 0 0 0 41498 0 208736 0 0 0 PETER DENNIS SVP BUSINESS DEVELOPMENT 181259 0 30939 0 0 0 0 0 46157 0 258355 0 0 0 STEPHEN FULCHINI VP OF INFO TECHNOLOGY 209155 0 7633 0 0 0 0 0 46438 0 263226 0 0 0 STEPHEN HILE MORTGAGE LOAN OFFICER 170394 0 1404 0 0 0 0 0 25606 0 197404 0 0 0 TRACY HART CONSUMER LOAN SPECIALIST 155650 0 1696 0 0 0 0 0 39458 0 196804 0 0 0 PAOLA FERRARA VP OPERATIONS 168118 0 6175 0 0 0 0 0 41717 0 216010 0 0 0 MARGIE MURPHY VP MORTGAGE LENDING 201496 0 6209 0 0 0 0 0 30263 0 237968 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 4893412 0 1 1 JOEL KELLER EVP/CFO SERP X 1765500 1820488 0 1 1 JOSEPH BEAN SVP SERP X 1706227 1730273 0 1 1 8444173 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 IX, LINE 24E ATM FEES 215,027. CONSULTANTS 203,740. POSTAGE 175,908. PARKING AND BUILDING EXPENSE 159,680. CHARTITABLE CONTRIBUTIONS 139,844. DUES AND SUBSCRIPTIONS 127,504. OTHER INSURANCE 119,720. TECHNICAL ASSISTANCE 114,268. PROVISION FOR LOAN LOSSES 80,000. CREDIT REPORTS 64,268. COMM. OF MASS. ASSESSMENT 63,919. STATEMENT PROCESSING 55,486. EDUCATION AND TRAINING 54,947. DIRECTORS MEETING 10,462. FORECLOSURE EXPENSE 9,716. UTILITIES 8,787. FORM 990, PART XI, LINE 9: FAS158 OCI ADJUSTMENT 550,803. EQUITY ACQUIRED IN MERGER 3,666,585. FORM 990, PART IV, LINE 12 AND FORM 990, PART XI, LINE 2B AUDITED FINANCIAL STATEMENTS WERE PREPARED AS OF 09/30/17