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AMERICAN EAGLE FINANCIAL CREDIT UNION INCORPORATED: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
AMERICAN EAGLE FINANCIAL CREDIT UNION INCORPORATED (EIN 47-2559616)
Tax period
2016-01-01 to 2016-12-31
Filed
2018-07-25
IRS object ID
201802069349301250
Schema version
2016v3.0
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

FieldValueIRS element (for citing)
Return2018-07-25T17:07:21-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382492570PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DOEREN MAYHEWBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112060 S W 129th Court Ste 201AddressLine1Txt
CityMiamiCityNm
State AbbreviationFLStateAbbreviationCd
ZIP331864582ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472559616EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN EAGLE FINANCIAL CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone8605695554PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1417 MAIN STREETAddressLine1Txt
CityEAST HARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06118ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEAN MARCHESSAULTPersonNm
Person TitlePRESIDENT/CEOPersonTitleTxt
Phone8605695554PhoneNum
Signature2018-07-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDOUGLAS J ORTHPreparerPersonNm
PTINP01076394PTIN
Phone3052328272PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Principal OfficerDEAN MARCHESSAULTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1417 MAIN STREETAddressLine1Txt
CityEAST HARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06118ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$63,665,221GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.americaneagle.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1935FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionAMERICAN EAGLE FINANCIAL CREDIT UNION PROVIDES FINANCIAL SERVICES IN THE FORM OF LOANS AND DEPOSIT PRODUCTS THAT HELP ITS MEMBERSHIP ACHIEVE THEIR FINANCIAL GOALS.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee347TotalEmployeeCnt
Total Volunteers19TotalVolunteersCnt
Total Gross UBI$131,448TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$133,643NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$55,970,289PYProgramServiceRevenueAmt
CY Program Service Revenue$58,280,842CYProgramServiceRevenueAmt
PY Investment Income$3,374,812PYInvestmentIncomeAmt
CY Investment Income$2,910,560CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$2,473,819CYOtherRevenueAmt
PY Total Revenue$59,345,101PYTotalRevenueAmt
CY Total Revenue$63,665,221CYTotalRevenueAmt
PY Grants And Similar Paid$10,846PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$12,053CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$26,129,218PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$25,389,741CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$28,774,223PYOtherExpensesAmt
CY Other Expenses$30,302,080CYOtherExpensesAmt
PY Total Expenses$54,914,287PYTotalExpensesAmt
CY Total Expenses$55,703,874CYTotalExpensesAmt
PY Revenues Less Expenses$4,430,814PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$7,961,347CYRevenuesLessExpensesAmt
Total Assets BOY$1,433,785,963TotalAssetsBOYAmt
Total Assets EOY$1,534,734,502TotalAssetsEOYAmt
Total Liabilities BOY$1,302,549,279TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,395,932,761TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$131,236,684NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$138,801,741NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionOUR MISSION IS TO BE A PROGRESSIVE FINANCIAL INSTITUTION PROVIDING COMPETITIVE PRODUCTS AND SERVICES AND AN OUTSTANDING CONSULTATIVE SERVICE EXPERIENCE THAT SURPASSES MEMBER EXPECTATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescDURING 2016, AMERCIAN EAGLE FINANCIAL CREDIT UNION (AEFCU), A STATE CHARTERED CREDIT UNION LOCATED IN THE STATE OF CONNECTICUT, PROVIDED FINANCIAL SERVICES TO MEMBERS WHO LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN THE HARTFORD, TOLLAND, NEW HAVEN AND MIDDLESEX COUNTIES IN CT. AEFCU CONTINUED TO FULFILL ITS EXEMPT PURPOSE BY PROVIDING CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, OFFERING COMPETITIVE SHARE DEPOSIT PRODUCTS, AND PROVIDING MEMBERS WITH THE OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.In 2016, Membership grew from 112,363 to 121,916 members. There were 23,256 loans granted for a total of $678,317,291. Deposits grew from 226,993 accounts to 243,277 accounts for a total increase of $90,753,430. AEFCU ALSO CONDUCTED SEMINARS FOR ITS MEMBERSHIP THAT RANGED FROM FINANCIAL LITERACY TO FIRST TIME HOME BUYING.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document53852IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee347EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOHN CONANTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8605695522PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1417 MAIN STREETAddressLine1Txt
CityEAST HARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06118ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
A LISA BURGARELLA
DIRECTOR2.00Yes (X)$0$0$0
KENNETH D STEVENSON
DIRECTOR2.00Yes (X)$0$0$0
RAYMOND C GANDY
DIRECTOR2.00Yes (X)$5,094$0$0
MICHAEL P DEPASQUALE
SECRETARY3.00Yes (X)$3,373$0$0
KENNETH R WILCZEWSKI
DIRECTOR2.00Yes (X)$0$0$0
CATHERINE M BANBURY
DIRECTOR2.00Yes (X)$2,327$0$0
ANGELA BULL
CHAIRPERSON2.00Yes (X)$1,233$0$0
JOSEPH R CAMPOSEO
DIRECTOR2.00Yes (X)$0$0$0
MICHAEL W HAWMAN
TREASURER2.00Yes (X)$1,707$0$0
MARK P ALLEN
V. CHAIRPERSON4.00Yes (X)$1,350$0$0
GERALD BENEDETTO
DIRECTOR2.00Yes (X)$3,352$0$0
D MARCHESSAULT
PRESIDENT/CEO40.00$589,725$0$16,310Yes (X)
J CONANT
EVP/CFO40.00$354,796$0$32,138Yes (X)
T KNOX
SVP/COO40.00$439,095$0$20,346Yes (X)
J EVANS
SVP/CIO40.00$401,690$0$50,158Yes (X)
B KENNEDY
SVP/CSO40.00$225,185$0$27,430Yes (X)
S BUSHNIK
SVP/CTO40.00$219,648$0$25,355Yes (X)
H Brady
SVP/CLO40.00$231,226$0$39,999Yes (X)
W DOKAS
FORMER PRESIDENT/CEO0.00$117,846$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,597,647TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$211,736TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K31IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
FIS
PO BOX 4535CAROL STREAMIL60197COMPUTER EQUIPMENT & SOFTWARE$960,308
PRESIDIO NETWORK SOLUTIONS
PO BOX 677638DALLASTX75267SOFTWARE$909,988
STRATEGIC INFORMATION RESOURCE
155 BROOKDALE DRIVESPRINGFIELDMA01104MORTGAGE APPRAISAL FILINGS$830,620
FiServ INC
PO BOX 99924GRAPEVINETX76099SOFTWARE$709,945
DIEBOLD INC
POBOX 64353PITTSBURGHPA15264ATM & POS Services$612,542
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K36CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INCOME ON LOANS522100$42,312,391$42,312,391
FEES/CHARGES/OTHER522100$15,837,003$15,837,003
UNRELATED BUSINESS INCOME900099$112,548$112,548
UNRELATED BUSINESS INCOME524298$18,900$18,900
FieldValueIRS element (for citing)
Total Program Service Revenue$58,280,842TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,910,560TotalRevenueColumnAmt
Related Or Exempt Func Income$2,910,560RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescGAINS ON LOANSDesc
Business522100BusinessCd
Total Revenue Column$2,473,819TotalRevenueColumnAmt
Related Or Exempt Func Income$2,473,819RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,473,819OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,665,221TotalRevenueColumnAmt
Related Or Exempt Func Income$63,533,773RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$131,448UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$12,053TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,011,405TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$18,107,200TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,496,610TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,474,256TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,300,270TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$739,646TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$134,598TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$133,135TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$442,588TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,030,181TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,101,438TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,329,486TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,143,539TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$367,241TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,656,877TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$117,427TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$787,713TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$259,000TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROVISION FOR LOAN LOSS$4,800,000
LOAN SERVICING EXPENSE$3,953,289
DEBIT CARD SERVICES$1,165,586
REPAIRS AND MAINTENANCE$932,697

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,207,639TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$55,703,874TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,532,561BOYAmt
EOY$5,149,720EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$34,914,947BOYAmt
EOY$114,504,387EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,972,158BOYAmt
EOY$2,122,962EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$4,615,000BOYAmt
EOY$12,612,768EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,004,257,387BOYAmt
EOY$1,184,793,271EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$918,129BOYAmt
EOY$800,020EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$37,732,816LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$21,975,934LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$16,100,575BOYAmt
EOY$15,756,882EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$337,645,140BOYAmt
EOY$172,321,536EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$5,628,500BOYAmt
EOY$4,167,500EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,201,566BOYAmt
EOY$22,505,456EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,433,785,963BOYAmt
EOY$1,534,734,502EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$15,678,421BOYAmt
EOY$18,308,473EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$20,000,000BOYAmt
EOY$20,000,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,266,870,858BOYAmt
EOY$1,357,624,288EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,302,549,279BOYAmt
EOY$1,395,932,761EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$131,236,684BOYAmt
EOY$138,801,741EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$131,236,684BOYAmt
EOY$138,801,741EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,433,785,963BOYAmt
EOY$1,534,734,502EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$7,961,347ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$13,410NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$409,700OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,292,551OtherCostOrOtherBasisAmt
Book Value$3,292,551BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$21,511,497OtherCostOrOtherBasisAmt
Depreciation$12,574,641DepreciationAmt
Book Value$8,936,856BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,701,853OtherCostOrOtherBasisAmt
Depreciation$516,325DepreciationAmt
Book Value$1,185,528BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,040,218OtherCostOrOtherBasisAmt
Depreciation$8,802,065DepreciationAmt
Book Value$2,238,153BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$186,697OtherCostOrOtherBasisAmt
Depreciation$82,903DepreciationAmt
Book Value$103,794BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$15,756,882TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
SHARE DRAFTS$251,630,664
SHARES$347,916,446
MONEY MARKET$437,574,495
SHARE AND IRA CERTIFICATS$320,502,683
FieldValueIRS element (for citing)
Total Liability$1,357,624,288TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe Credit Union is exempt from most federal, state, and local taxes under the provisions of the Internal Revenue Code and state tax laws. The Income Tax Topic of the FASB ASC clarifies accounting for uncertainty in income taxes reported in the consolidated financial statements. The interpretation provides criteria for assessment of individual tax positions and a process for recognition and measurement of uncertain tax positions. Tax positions are evaluated on whether they meet the "more likely than not" standard for sustainability on examination by tax authorities. Federal credit unions are tax-exempt under Internal Revenue Code sections 501(c)(14)(a) and 501(c)(1)(a)(I). As such, the Credit Union has no uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements. Additionally, no interest or penalties have been recorded in the accompanying consolidated financial statements related to uncertain tax positions.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
THE UNITED WAY OF AMERICA
701 N FAIRFAX STREETALEXANDRIAVA22314131635294501(c)(3)$7,053CHARITABLE CONTRIBUTION
GOODWIN COLLEGE FOUNDATION
1 Riverside DrEast HartfordCT06118501(c)(3)$5,000DONATION
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
D MARCHESSAULT
PRESIDENT/CEO$413,475$0$176,250$0$0$0$12,600$0$3,710$0$606,035$0$0$0
J CONANT
EVP/CFO$262,441$0$92,355$0$0$0$13,932$0$18,206$0$386,934$0$0$0
T KNOX
SVP/COO$226,545$0$77,550$0$135,000$0$13,804$0$6,542$0$459,441$0$0$0
J EVANS
SVP/CIO$196,190$0$70,500$0$135,000$0$32,598$0$17,560$0$451,848$0$0$0
B KENNEDY
SVP/CSO$165,260$0$59,925$0$0$0$9,937$0$17,493$0$252,615$0$0$0
S BUSHNIK
SVP/CTO$161,509$0$58,139$0$0$0$12,504$0$12,851$0$245,003$0$0$0
H Brady
SVP/CLO$187,806$0$43,420$0$0$0$22,473$0$17,526$0$271,225$0$0$0
W DOKAS
FORMER PRESIDENT/CEO$0$0$0$0$117,846$0$0$0$0$0$117,846$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 4bFormAndLineReferenceDesc
ExplanationTERESA KNOX RECEIVED A RETENTION BONUS OF $135,000. JAMES EVANS RECEIVED A RETENTION BONUS OF $135,000. JOHN C. CONANT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE CASH SURRENDER VALUE OF POLICY AS OF DECEMBER 31, 2016 WAS $471,429; DEAN MARCHESSAULT PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE CASH SURRENDER VALUE OF THE POLICY AS OF DECEMBER 31, 2016 WAS $728,571. WILLIAM J. DOKAS, THE FORMER PRESIDENT/CEO, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH A NET SURRENDER VALUE OF $3,631,390 AS OF DECEMBER 31, 2016.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
Dean Marchessault
PRESIDENT/CEOSPLIT DOLLARYes (X)$5,130,000$5,133,1280Yes (1)Yes (1)
JOHN CONANT
EVP/CFOSPLIT DOLLARYes (X)$3,330,000$3,329,6400Yes (1)Yes (1)
WILLIAM J DOKAS
FORMER CEOSPLIT DOLLARYes (X)$8,400,000$4,150,0000Yes (1)Yes (1)
FieldValueIRS element (for citing)
Total Balance Due$12,612,768TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6THE ORGANIZATION HAS MEMBERS.
Form 990, Part VI, Section A, line 7aMembers of the Credit Union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the Credit Union as they occur. MEMBERSHIP VOTES AT AN ANNUAL MEETING TO SELECT 3 BOARD MEMBERS EACH YEAR.
Form 990, Part VI, Section A, line 7bMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
Form 990, Part VI, Section B, line 11bTHE 990 WILL BE GIVEN TO THE BOARD OF DIRECTORS AS AN AGENDA ITEM AND REVIEWED AT THE BOARD MEETING.
Form 990, Part VI, Section B, line 12cEmployees, officers and directors of the Credit Union are asked to disclose all share and loan accounts at the Credit Union that they have an interest in on an annual basis.
Form 990, Part VI, Section B, line 15The Credit Union utilizes an outside consultant to perform an independent compensation survey for all officer level positions every 2 years.
Form 990, Part VI, Section C, line 19GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING.
Form 990, Part XI, line 9:NET PENSION LOSSES -409,700.
Form 990, Part XII, Line 2c:THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
Page 1, line B Amended ReturnTHE ORGANIZATION OVERSTATED BASE COMPENSATION OF ALL OFFICERS AND HIGHEST COMPENSATED EMPLOYEES REPORTED ON FORM 990 PART VII AND SCHEDULE J PART II. SPECIFICALLY, BONUS AND INCENTIVE COMPENSATION AND OTHER REPORTABLE COMPENSATION WAS INAPPROPRIATELY DOUBLE COUNTED AS IT WAS ALSO INCLUDED IN EACH EMPLOYEE'S BASE COMPENSATION FIGURE. AS A RESULT THE FOLLOWING PARTS AND SCHEDULES WERE AFFECTED: FORM 990: PART VII COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED. REPORTABLE COMPENSATION WAS REDUCED TO THE CORRECT AMOUNTS. FORM 990: PART IX LINE 5 COMPENSATION OF CURRENT OFFICERS, DIRECTORS, TRUSTESS AND KEY EMPLOYEES WAS CORRECTED. FORM 990: PART IX LINE 7 OTHER SALARIES AND WAGES WAS CORRECTED AS A RESULT OF THE CORRECTION REPORTED ON LINE 5. SCHEDULE J PART II OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES. BASE COMPENSATION (COLUMN B(i)) WAS REDUCED TO ACTUAL BASE COMPENSATION.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN EAGLE FINANCIAL SERVICESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1417 MAIN STREETAddressLine1Txt
CityEAST HARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06118ZIPCd
FieldValueIRS element (for citing)
EIN061552551EIN
Primary ActivitiesFINANCIAL CONSULTING SERVICESPrimaryActivitiesTxt
Legal Domicile StateCTLegalDomicileStateCd
Total Income$3,405TotalIncomeAmt
End Of Year Assets$485,232EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN EAGLE FINANCIAL CUBusinessNameLine1Txt