CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION (EIN 05-0255777)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-14
IRS object ID: 202543189349308664
Schema version: 2024v5.0
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-14T13:49:53-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	264156406	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WADOVICK & COMPANY	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1300 DIVISION RD STE 104	AddressLine1Txt
City	WEST WARWICK	CityNm
State Abbreviation	RI	StateAbbreviationCd
ZIP	02893	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	050255777	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CRANSTON MUNICIPAL EMPLOYEES CREDIT	BusinessNameLine1Txt
Business Name Line2	UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CRAN	BusinessNameControlTxt
Phone	4014633010	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1615 PONTIAC AVENUE	AddressLine1Txt
City	CRANSTON	CityNm
State Abbreviation	RI	StateAbbreviationCd
ZIP	02920	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	TIMOTHY J DYL	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Phone	4014633010	PhoneNum
Signature	2025-11-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBERT C SALMANI CPA	PreparerPersonNm
PTIN	P01881819	PTIN
Phone	4018234004	PhoneNum
Preparation	2025-11-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	CME CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	TIMOTHY J DYL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1615 PONTIAC AVENUE	AddressLine1Txt
City	CRANSTON	CityNm
State Abbreviation	RI	StateAbbreviationCd
ZIP	02920	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,699,290	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CMECREDITUNION.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1946	FormationYr
Legal Domicile State	RI	LegalDomicileStateCd
Activity Or Mission	THE MISSION OF THE CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION IS TO PROVIDE OPPORTUNITY FOR MEMBERS TO SAVE AND BORROW FOR CURRENT AND FUTURE NEEDS AT A FINANCIALLY STRONG, MEMBER OWNED COOPERATIVE RESPONSIVE TO THEIR EXPANDING FINANCIAL SERVICE NEEDS. THE CREDIT UNION SEEKS TO PROVIDE OUTSTANDING SERVICE AT FAIR AND FAVORABLE RATES AND TERMS.	ActivityOrMissionDesc
Voting Members Governing Body	13	VotingMembersGoverningBodyCnt
Voting Members Independent	12	VotingMembersIndependentCnt
Total Employee	16	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$2,343,943	PYProgramServiceRevenueAmt
CY Program Service Revenue	$2,989,689	CYProgramServiceRevenueAmt
PY Investment Income	$891,551	PYInvestmentIncomeAmt
CY Investment Income	$502,172	CYInvestmentIncomeAmt
PY Other Revenue	$220	PYOtherRevenueAmt
CY Other Revenue	$207,429	CYOtherRevenueAmt
PY Total Revenue	$3,235,714	PYTotalRevenueAmt
CY Total Revenue	$3,699,290	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,058,366	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,172,161	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,949,512	PYOtherExpensesAmt
CY Other Expenses	$2,673,943	CYOtherExpensesAmt
PY Total Expenses	$3,007,878	PYTotalExpensesAmt
CY Total Expenses	$3,846,104	CYTotalExpensesAmt
PY Revenues Less Expenses	$227,836	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$146,814	CYRevenuesLessExpensesAmt
Total Assets BOY	$83,595,085	TotalAssetsBOYAmt
Total Assets EOY	$80,578,999	TotalAssetsEOYAmt
Total Liabilities BOY	$71,560,715	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$68,733,016	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$12,034,370	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$11,845,983	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE MISSION OF THE CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION IS TO PROVIDE OPPORTUNITY FOR MEMBERS TO SAVE AND BORROW FOR CURRENT AND FUTURE NEEDS AT A FINANCIALLY STRONG, MEMBER OWNED COOPERATIVE RESPONSIVE TO THEIR EXPANDING FINANCIAL SERVICE NEEDS. THE CREDIT UNION SEEKS TO PROVIDE OUTSTANDING SERVICE AT FAIR AND FAVORABLE RATES AND TERMS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	INTEREST WAS PAID TO MEMBERS WITH SAVINGS ACCOUNTS AND CERTIFICATES OF DEPOSIT DURING 2024 WHICH TOTALED 1,025,650.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	DURING 2024, THE CREDIT UNION ISSUED 423 NEW LOANS TOTALING 8,562,903. TOTAL INTEREST INCOME ON LOANS ISSUED TO MEMBERS WAS 2,840,168.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	false	ScheduleORequiredInd
IRP Document	931	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	16	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	13	GoverningBodyVotingMembersCnt
Independent Voting Member	12	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	false	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CRANSTON MUNCIPAL EMPLOYEES	BusinessNameLine1Txt
Business Name Line2	CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Phone	4014633010	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1615 PONTIAC AVENUE	AddressLine1Txt
City	CRANSTON	CityNm
State Abbreviation	RI	StateAbbreviationCd
ZIP	02920	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
STEPHEN P HOGAN
CHAIRPERSON	5.00	Yes (X)	Yes (X)	$7,580	$0	$0
JOSEPH A BALDUCCI
VICE-CHAIRPE	2.00	Yes (X)	Yes (X)	$4,580	$0	$0
BRIAN W DUCHARME
FORMER PRES/	40.00			$192,178	$0	$21,458	Yes (X)
MARIA K MANZI
ASSISTANT TR	2.00	Yes (X)	Yes (X)	$4,380	$0	$0
JOHN R ZOLLI JR
SECRETARY	2.00	Yes (X)	Yes (X)	$5,380	$0	$0
BETTE ANN BERK
BOARD MEMBER	1.00	Yes (X)		$2,480	$0	$0
THOMAS M MILEWSKI
BOARD MEMBER	1.00	Yes (X)		$1,920	$0	$0
RICHARD DEGRANDPRE
BOARD MEMBER	1.00	Yes (X)		$1,080	$0	$0
PETER J LECLERC
BOARD MEMBER	1.00	Yes (X)		$2,040	$0	$0
DONALD SALVATORE JR
BOARD MEMBER	1.00	Yes (X)		$2,280	$0	$0
JOSEPH MORRIS
BOARD MEMBER	1.00	Yes (X)		$1,680	$0	$0
JASON ANDOSCIA
BOARD MEMBER	1.00	Yes (X)		$2,280	$0	$0
PATRICIA CRUZ
BOARD MEMBER	1.00	Yes (X)		$1,920	$0	$0
GAIL TOPAKIAN
CREDIT COMMI	5.00	Yes (X)		$7,460	$0	$0
ANTHONY J VECCHIO
CREDIT COMMI	5.00	Yes (X)		$5,250	$0	$0
TIMOTHY J DYL
PRESIDENT/CE	40.00	Yes (X)	Yes (X)	$0	$0	$0
JOSEPH DILORENZO
SUPERVISORY	3.00	Yes (X)		$5,140	$0	$0
MICHAEL J IGOE
SUPERVISORY	3.00	Yes (X)		$3,200	$0	$0
ROBERT F STROM
SUPERVISORY	3.00	Yes (X)		$2,420	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$253,248	TotalReportableCompFromOrgAmt
Total Other Compensation	$21,458	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
NES GROUP
905 SOUTH MAIN ST	MANSFIELD	MA	02048	CONSTRUCTION	$1,373,185
FISERV
PO BOX 934057	ATLANTA	GA	31193	DATA PROCESSING	$233,871

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt
INTEREST ON LOANS	522291	$2,840,168	$2,840,168
MEMBER SERVICE FEES	525990	$149,521	$149,521

Field	Value	IRS element (for citing)
Total Program Service Revenue	$2,989,689	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$502,172	TotalRevenueColumnAmt
Exclusion	$502,172	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	EMPLOYEE RETENTION CREDIT	Desc
Total Revenue Column	$207,429	TotalRevenueColumnAmt
Exclusion	$207,429	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$207,429	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,699,290	TotalRevenueColumnAmt
Exclusion	$3,699,290	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$37,600	TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$192,178	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$667,965	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$31,185	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$120,355	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$122,878	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,153	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$51,143	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$150	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$6,136	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$62,985	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$27,568	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$28,755	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$58,079	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$340	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$29,264	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,636,146	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$37,161	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$16,908	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
CREDIT UNION SERVICES	$288,421
EQUITY LOAN EXPENSE	$118,092
OUTSIDE SUPERVISORY SERVI	$70,824
BANK SERVICE CHARGES	$35,213

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$205,605	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,846,104	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$442,668	BOYAmt
EOY	$433,695	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,293,965	BOYAmt
EOY	$4,632,999	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$55,325,465	BOYAmt
EOY	$51,995,589	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$468,950	BOYAmt
EOY	$386,094	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$3,835,532	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$916,321	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,414,742	BOYAmt
EOY	$2,919,211	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$22,985,101	BOYAmt
EOY	$18,795,774	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,497,466	BOYAmt
EOY	$1,235,067	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$166,728	BOYAmt
EOY	$180,570	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$83,595,085	BOYAmt
EOY	$80,578,999	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$239,323	BOYAmt
EOY	$384,170	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$12,500,000	BOYAmt
EOY	$8,050,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$58,821,392	BOYAmt
EOY	$60,298,846	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$71,560,715	BOYAmt
EOY	$68,733,016	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$12,034,370	BOYAmt
EOY	$11,845,983	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$12,034,370	BOYAmt
EOY	$11,845,983	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$83,595,085	BOYAmt
EOY	$80,578,999	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$146,814	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$41,573	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,767,897	OtherCostOrOtherBasisAmt
Book Value	$2,767,897	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$578,759	OtherCostOrOtherBasisAmt
Depreciation	$595,271	DepreciationAmt
Book Value	-$16,512	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$488,876	OtherCostOrOtherBasisAmt
Depreciation	$321,050	DepreciationAmt
Book Value	$167,826	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,919,211	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDesc	AmtAmt
SHARE CERTIFICATES	$22,354,418
SHARES	$17,681,546
MONEY MARKET SAVINGS	$11,320,326
SHARE DRAFTS	$5,362,180
NON-MEMBER CD	$3,439,000
VACATION CLUB	$99,376
CHRISTMAS CLUB	$37,000
ALLOWANCE FOR UNFUNDED LOC	$5,000

Field	Value	IRS element (for citing)
Total Liability	$60,298,846	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$3,699,290	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$3,699,290	RevenueSubtotalAmt
Total Revenue Per Form990	$3,699,290	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$3,846,104	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$3,846,104	ExpensesSubtotalAmt
Total Expenses Per Form990	$3,846,104	TotalExpensesPerForm990Amt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	BRIAN W DUCHARME	PersonNm
Title	FORMER PRES/CEO	TitleTxt
Base Compensation Filing Org	$192,178	BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org	$10,896	DeferredCompensationFlngOrgAmt
Nontaxable Benefits Filing Org	$10,562	NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org	$213,636	TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION	THE MISSION OF THE CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION IS TO PROVIDE OPPORTUNITY FOR MEMBERS TO SAVE AND BORROW FOR CURRENT AND FUTURE NEEDS AT A FINANCIALLY STRONG, MEMBER OWNED COOPERATIVE RESPONSIVE TO THEIR EXPANDING FINANCIAL SERVICE NEEDS. THE CREDIT UNION SEEKS TO PROVIDE OUTSTANDING SERVICE AT FAIR AND FAVORABLE RATES AND TERMS.
FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 12C	THE ORGANIZATION ENCOURAGES VOLUNTARY DISCLOSURE BY EXISTING MEMBERS OF THE GOVERNING BODY. THE ORGANIZATION IS PREPARED TO ACT IN THE EVENT A CONFLICT OF INTEREST BECAME KNOWN.
FORM 990, PAGE 6, PART VI, LINE 15A	MANAGEMENT PAY IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. MANAGMEENT IS REVIEWED ANNUALLY.
FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.