2018-05-30T13:41:05-05:00 2017-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2017-01-01 041104060 MASS BAY CREDIT UNION MASS 6172692700 147 WEST FOURTH STREET SOUTH BOSTON MA 02127 THERESA DORILAS COO 6172692700 2018-05-16 1 JAYME F MOORE CPA P01348807 6176968900 2018-05-10 2017 2022-09-23 18:48:47Z THERESA DORILAS 147 WEST FOURTH STREET SOUTH BOSTON MA 02127 11392876 0 X WWW.MASSBAYCU.ORG X CREDIT UNION 1936 MA REFERENCE PART III, # 1 FOR FULL DESCRIPTION OF THE ORGANIZATION'S MISSION. 15 15 81 15 0 0 0 0 9828152 10581815 893932 811061 0 0 10722084 11392876 0 0 0 0 4839935 5062210 0 0 0 5050084 5428154 9890019 10490364 832065 902512 235878396 248423891 212753812 224079848 23124584 24344043 X A FULL SERVICE FINANCIAL INSTITUTION THAT STRIVES TO PROVIDE THE HIGHEST LEVEL OF SERVICE AND PERSONAL ATTENTION TO ALL OF THEIR MEMBERS, WHILE CONTINUALLY TRYING TO EXPAND AND REFINE THEIR PRODUCTS AND SERVICE, OFFERING TO BEST MEET THEIR NEEDS, AT HIGHLY COMPETITIVE RATES AND UNSURPASSED VALUE. 0 0 TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS BY PROVIDING ACCESS TO LOANS AND ACCEPT DEPOSITS. AS OF 12/31/17 $195,676,185 OF LOANS WERE DUE FROM MEMBERS AND $196,372,959 OF DEPOSITS WERE RECEIVED FROM MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 3965 0 1 81 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X THERESA DORILAS 6172692700 147 WEST FOURTH STREET SOUTH BOSTON MA 02127 JEREMIAH P AHERN CHAIRMAN 1.00 X X 0 0 384 JAMES A BAIN DIRECTOR 1.00 X 0 0 384 DORSTON R BARTLETT DIRECTOR 1.00 X 0 0 384 MICHAEL T BUGGY TREASURER 1.00 X X 0 0 384 MAUREEN A COLLINS DIRECTOR 1.00 X 0 0 384 DARRIN MCAULIFFE SECOND VICE CHAIRMAN 1.00 X X 0 0 384 BRIAN P DWYER DIRECTOR 1.00 X 0 0 384 ADAM S ELIAS FIRST VICE CHAIRMAN 1.00 X X 0 0 384 GREGORY D YORK DIRECTOR 1.00 X 0 0 384 CHARLES F GALLAGHER ASSISTANT TREASURER 1.00 X X 0 0 384 MICHAEL E KEELEY DIRECTOR 1.00 X 0 0 384 JOHN P KINEAVY DIRECTOR 1.00 X 0 0 384 JOSEPH N MOSCA DIRECTOR 1.00 X 0 0 384 JAMES G FLAHERTY DIRECTOR 1.00 X 0 0 384 KIMBERLY A KENNEDY CLERK 1.00 X X 0 0 384 JOHN N THOMAS CHIEF EXECUTIVE OFFICER 40.00 X 241324 0 47817 RUTH EPPS BRANCH COORDINATOR 40.00 X 92742 0 15704 THERESA DORILAS CHIEF OPERATING OFFICER 40.00 X 149511 0 51360 KEVIN BURNS CHIEF LENDING OFFICER 40.00 X 80220 0 12033 563797 0 132674 2 0 1 0 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04092 MAIN DATA PROCESSOR 837339 VANTAGE CONSULTING 14 GANDER MANSFIELD MA 02048 MEMBER SERVICES 221394 DH FINANCIAL TECHNOLOGIES 33 WOODLAND PARKWAY RANDOLPH MA 02368 FINANCIAL SERVICES 120127 BURROUGHS INC 41100 PLYMOUTH ROAD PLYMOUTH MI 48170 ATM SERVICES 101829 4 LOAN INCOME 522100 8100427 8100427 FEES ON ACCOUNTS 522100 2348961 2348961 OTHER INCOME 522100 132427 132427 10581815 811061 811061 11392876 10581815 0 811061 696471 3018369 348513 700791 298066 82000 64000 111850 28071 355305 156017 884452 111349 952492 497738 DATA PROCESSING EXPENSE 996956 OTHER GENERAL & ADMINIS 832015 PROVISION FOR LOAN LOSS 324434 MSIC INSURANCE 31475 10490364 9412995 11042241 5101120 3827213 174582027 195909649 224800 260808 12581754 6161529 6767422 6420225 36076330 26784930 3227973 3626553 485729 552272 235878396 248423891 4317713 5463019 208436099 218616829 212753812 224079848 X 0 0 0 0 23124584 24344043 23124584 24344043 235878396 248423891 X 902512 82782 234165 X X 0 1 X 1 0 2301251 2301251 6409964 3250397 3159567 586483 201869 384614 1708624 1367578 341046 1575432 1341685 233747 6420225 MEMBER DEPOSITS & MORTGAGE ESCROWS 196372959 FHLB BORROWINGS 22243870 218616829 11392876 0 11392876 0 11392876 10490364 0 10490364 0 10490364 X 1 1 X X 0 0 0 JOHN N THOMAS CHIEF EXECUTIVE OFFICER 241324 0 0 0 0 0 0 0 47817 0 289141 0 0 0 THERESA DORILAS CHIEF OPERATING OFFICER 149511 0 0 0 0 0 0 0 51360 0 200871 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - THE CREDIT UNION REIMBURSES BOARD MEMBERS FOR CONFERENCE EXPENSES (TRAVEL, MEALS, LODGING) INCURRED BY A BOARD MEMBER'S SPOUSE OR GUEST, AS DESCRIBED IN THE CREDIT UNION'S DIRECTOR EXPENSE POLICY APPROVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 DEPOSITORS WITH A MINIMUM OF $5 BALANCE IN THEIR SAVINGS ACCOUNT. 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 7A THE BOARD OF DIRECTORS ARE VOTED ON BY THE MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF DIRECTORS, CHARTER CHANGES AND MERGERS REQUIRE A VOTE BY THE MEMBERS. ONLY MEMBERS THAT ATTEND THE ANNUAL MEETING OR SPECIAL MEETING ARE REQUIRED TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 AND PROVIDES COPY TO THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THIS IS MONITORED BY THE CREDIT UNION ENSURING THAT THE ORGANIZATION IS NOT USING VENDORS THAT ANY BOARD MEMBER WORKS FOR OR ARE AFFILIATED WITH. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION OBTAINS COMPARISON STUDIES AND SALARY SURVEYS AND USES INDEPENDENT CONSULTANTS IN DETERMINING THE COMPENSATION OF THE CEO AND SENIOR MANAGEMENT OF THE CREDIT UNION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CALL REPORT AND FINANCIAL INFORMATION IS AVAILABLE THROUGH THE NCUA WEBSITE. PRIVACY POLICIES ARE STATED ON THE MASS BAY CREDIT UNION WEBSITE. FORM 990, PART XI, LINE 9: OCI FAS 158 ADJUSTMENT 234,165. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDPENDENT AUDITORS. MASS BAY CREDIT UNION CHARITABLE FOUNDATION INC 147 WEST FOURTH STREET SOUTH BOSTON MA 02127 474345057 SUPPORTS LOCAL ORGANIZATIONS IN THE COMMUNITY MA 501(C)(3) 170(B)(1)(A)(VI) MASS BAY CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MASS BAY CREDIT UNION CHARITABLE FOUNDATION INC B 30000 COST