2017-11-14T11:03:41-05:00 2016-12-31 472604526 GARVEY STEELE & COMPANY LLP PO BOX 397 MYSTIC CT 063550397 990 2016-01-01 041126132 BROTHERHOOD CREDIT UNION BROT 7815985555 75 MARKET STREET LYNN MA 01901 JAMES J SHERMAN PRESIDENT 7815985555 2017-11-10 true RICHARD B STEELE CPA P00157880 8605369831 2017-11-14 97DB9962C47C60A4FA4E0617B85582D50FB1056D 97DB9962C47C60A4FA4E0617B85582D50FB1056D 2016 2017-02-10 21:41:12Z JAMES J SHERMAN 75 MARKET STREET LYNN MA 01901 3221345 false X BROTHERHOODCU.ORG X 1934 MA CREDIT UNION MEMBER SERVICES 9 8 24 8 6066 -2683 0 1574135 1597453 1116576 1051246 221242 194757 2911953 2843456 2000 2500 0 1467479 1403804 0 0 1355890 1407140 2825369 2813444 86584 30012 106974678 110061049 67102611 68238377 39872067 41822672 CREDIT UNION MEMBER SERVICES false false MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 7,270. NUMBER OF LOAN ACCOUNTS IS 1,073. false false false false false false false true false true false false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 1494 0 true 24 true true true false false false false false X 9 8 true false false false true true true true true false true true true false false false true true false MA X X JAMES J SHERMAN 7815985555 75 MARKET STREET LYNN MA 01901 JAMES J SHERMAN PRESIDENT 40.00 X X 180123 0 31664 DARREN KLEIN DIRECTOR 2.00 X 0 0 0 EDWARD I SHADOFF DIRECTOR 2.00 X 0 0 0 HOWARD FIELD DIRECTOR 2.00 X 0 0 0 ALAN KALIKOW DIRECTOR 2.00 X 0 0 0 HUBERT KREPLICK DIRECTOR 2.00 X 0 0 0 MARTIN SHUMAN DIRECTOR 2.00 X 0 0 0 ARNOLD DUBINSKY TREASURER 2.00 X X 0 0 0 RICHARD KESSEL DIRECTOR 2.00 X 0 0 0 180123 31664 1 false true false FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 IT 285626 1 INTEREST ON LOANS 1597453 1597453 1597453 886377 886377 151517 391241 1519 376370 149998 14871 164869 164869 MISCELLANEOUS 120638 120638 SERVICE CHARES AND FEES 59508 59508 MEMBER INSURANCE 8545 8545 6066 6066 194757 2843456 2837390 6066 2500 211787 845968 139633 124983 81433 3358 23792 77831 55184 311390 164997 25816 354230 59904 41894 ELAN EXPENSE 57206 SHARE DRAFT PROCESSING 51631 PROFESSIONAL SERVICES 42814 MAINTENANCE 33762 103331 2813444 0 0 0 2834108 5551234 35745216 38040087 161747 408011 42802298 44237572 97584 64424 2500602 1685279 875227 815323 23356766 19868370 179700 164000 922032 912028 106974678 110061049 54838 70158 351809 366292 66695964 67801927 67102611 68238377 X 39872067 41822672 39872067 41822672 106974678 110061049 30012 1920593 X false true true false false true X 49000 49000 1829568 1081676 747892 99105 99105 42221 31050 11171 480708 473448 7260 815323 MEMBER DEPOSIT ACCOUNTS 67733149 OTHER LIABILITIES-SUSPENSE ACCOUNTS 68778 67801927 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. X true true X X X false false false JAMES J SHERMAN PRESIDENT 175849 4274 27041 4623 211787 ADAM H SHERMAN CFO FIRST MORTGAGE X 390000 389386 false true true HOWARD FIELD DIRECTOR AUTO X 15025 14518 false true true RICHARD KESSEL DIRECTOR AUTO X 17000 4107 false true true 408011 FORM 990, PAGE 1, PART I, LINE 6 BOARD OF DIRECTORS WHO ARE VOLUNTEERS AND RECEIVE NO COMPENSATION FOR THEIR SERVICES. FORM 990, PAGE 6, PART VI, LINE 2 JAMES J. SHERMAN HUBERT KREPLICK PRESIDENT DIRECTOR BROTHER IN LAW DARREN KLEIN HUBERT KREPLICK DIRECTOR DIRECTOR SON IN LAW DARREN KLEIN JAMES J. SHERMAN DIRECTOR PRESIDENT NEPHEW ADAM H. SHERMAN JAMES J. SHERMAN CFO PRESIDENT SON ADAM H. SHERMAN HUBERT KREPLICK CFO DIRECTOR NEPHEW 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 990 AND 990T ARE REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE FIRST. THE BOARD THEN REVIEWS AND VOTES TO ACCEPT. DUE TO THE TIMING OF THE PREPARATION OF THE RETURN, THE REVIEW MAY BE AFTER THE RETURN IS FILED. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO/TOP MANAGEMENT IS APPROVED BY THE BOARD. ANY INCREASE IS NOTED IN THE MINUTES. A COMPARISON OF THE INDUSTRY IS PERFORMED. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR THE CEO/TOP MANAGEMENT IS APPROVED BY THE BOARD. ANY INCREASE IS NOTED IN THE MINUTES. A COMPARISON OF THE INDUSTRY IS PERFORMED. FORM 990, PAGE 6, PART VI, LINE 19 INFORMATION IS POSTED IN THE CREDIT UNION LOBBY AND AVAILABLE UPON REQUEST.