CITY OF BOSTON CREDIT UNION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: CITY OF BOSTON CREDIT UNION (EIN 04-1103180)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-11-14
IRS object ID: 201723189349308782
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
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-11-14T15:39:24-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	472604526	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GARVEY STEELE & COMPANY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 397	AddressLine1Txt
City	MYSTIC	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	063550397	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	041103180	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CITY OF BOSTON CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CITY	BusinessNameControlTxt
Phone	6176352471	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 UNION STREET - 3RD FLOOR	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02108	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ANDREW BROWN	PersonNm
Person Title	VP OF FINANCE	PersonTitleTxt
Phone	6176354545	PhoneNum
Signature	2017-11-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	RICHARD B STEELE CPA	PreparerPersonNm
PTIN	P00157880	PTIN
Phone	8605369831	PhoneNum
Preparation	2017-11-14	PreparationDt

Filing Security Information FilingSecurityInformation

Field	Value	IRS element (for citing)
At Submission Creation Device Id	97DB9962C47C60A4FA4E0617B85582D50FB1056D	AtSubmissionCreationDeviceId
At Submission Filing Device Id	97DB9962C47C60A4FA4E0617B85582D50FB1056D	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DANIEL E WALTZ	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 UNION ST - 3RD FLOOR	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02108	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$17,589,769	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CITYOFBOSTONCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1915	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	CREDIT UNION - THRIFT SERVICES	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	81	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$47,710	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$379,425	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$13,630,134	PYProgramServiceRevenueAmt
CY Program Service Revenue	$15,328,625	CYProgramServiceRevenueAmt
PY Investment Income	$679,558	PYInvestmentIncomeAmt
CY Investment Income	$647,728	CYInvestmentIncomeAmt
PY Other Revenue	$1,553,072	PYOtherRevenueAmt
CY Other Revenue	$1,613,416	CYOtherRevenueAmt
PY Total Revenue	$15,862,764	PYTotalRevenueAmt
CY Total Revenue	$17,589,769	CYTotalRevenueAmt
PY Grants And Similar Paid	$15,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$15,000	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$5,202,453	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$5,720,806	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$8,523,755	PYOtherExpensesAmt
CY Other Expenses	$10,637,813	CYOtherExpensesAmt
PY Total Expenses	$13,741,208	PYTotalExpensesAmt
CY Total Expenses	$16,373,619	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,121,556	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,216,150	CYRevenuesLessExpensesAmt
Total Assets BOY	$341,689,991	TotalAssetsBOYAmt
Total Assets EOY	$366,384,141	TotalAssetsEOYAmt
Total Liabilities BOY	$296,269,930	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$319,791,155	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$45,420,061	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$46,592,986	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	CREDIT UNION - THRIFT SERVICES	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	MAINTENANCE OF MEMBERS' ACCOUNTS AND THE INVESTMENT OF SUCH FUND THEREON. NUMBER OF SHARE ACCOUNTS 50,036. MAINTENANCE OF MEMBERS' LOAN ACCOUNT. NUMBER OF LOAN ACCOUNTS 12,822.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME.	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	Yes (true)	CreditCounselingInd
Temp Or Permanent Endowments	false	TempOrPermanentEndowmentsInd
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	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
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	Yes (true)	ScheduleORequiredInd
IRP Document	62	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	81	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
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
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	10	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	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	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	Yes (true)	LocalChaptersInd
Policies Reference Chapters	Yes (true)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	ANDREW BROWN	PersonNm
Phone	6176352471	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 UNION ST - 3RD FLOOR	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02108	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 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 GREEN
DIRECTOR/PRE	5.00	Yes (X)	Yes (X)	$13,639	$0	$0
CHRISTOPHER STOCKBRIDGE
CLERK	5.00	Yes (X)	Yes (X)	$13,364	$0	$0
JAMES DRISCOLL
DIRECTOR/TRE	5.00	Yes (X)	Yes (X)	$8,496	$0	$0
ROBERT FLAHERTY
DIRECTOR/TRE	5.00	Yes (X)	Yes (X)	$4,362	$0	$0
THOMAS TINLIN
DIRECTOR	5.00	Yes (X)		$2,338	$0	$0
COLEMAN FLAHERTY
DIRECTOR	5.00	Yes (X)		$2,246	$0	$0
ROBERT WALSH
DIRECTOR	5.00	Yes (X)		$1,817	$0	$0
KEVIIN LINSKEY
DIRECTOR	5.00	Yes (X)		$1,184	$0	$0
PAUL FITZGERALD
DIRECTOR	5.00	Yes (X)		$848	$0	$0
JOHN HARDIMAN
DIRECTOR	5.00	Yes (X)		$556	$0	$0
SUSAN CONNOLLY
DIRECTOR	5.00	Yes (X)		$254	$0	$0
NEIL MCGONAGLE
DIRECTOR	5.00	Yes (X)		$138	$0	$0
CECIL JONES
DIRECTOR	5.00	Yes (X)		$127	$0	$0
MATTHEW MORONEY
DIRECTOR	5.00	Yes (X)		$90	$0	$0
TIMOTHY SMYTH
DIRECTOR	5.00	Yes (X)		$90	$0	$0
MARK BERNARD
DIRECTOR	5.00	Yes (X)		$60	$0	$0
GREGORY ROONEY
DIRECTOR	5.00	Yes (X)		$60	$0	$0
CATHERINE MULLEN
VP OF MEMBER	40.00		Yes (X)	$142,761	$0	$37,190
ANDREW BROWN
VP OF FINANC	40.00		Yes (X)	$137,242	$0	$37,165
ROBERT MCCAULEY
VP OF LENDIN	40.00		Yes (X)	$136,319	$0	$37,081
KARLA MCCARRON
VP OF MARKET	40.00		Yes (X)	$104,403	$0	$36,796
DANIEL E WALTZ
CEO- PRESENT	40.00		Yes (X)	$0	$0	$0
DANIEL TROMBLEY
CEO - FORMER	40.00			$292,109	$0	$44,470	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$862,503	TotalReportableCompFromOrgAmt
Total Other Compensation	$192,702	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	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 (5 entries)

Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt	Address Line1ContractorAddress/USAddress/AddressLine1Txt	Address Line2ContractorAddress/USAddress/AddressLine2Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
CONNECTICUT ONLINE
CONNECTICUT ONLINE	135 DARLING DR	135 DARLING DR	AVON	CT	06001	DATA PROCESSOR	$1,485,365
BLUE CROSS BLUE SHIELD
BLUE CROSS BLUE SHIELD	BOX 371318	BOX 371318	PITTSBURGH	PA	15250	HEALTH INS	$860,344
ONE UNION CORPORATION
ONE UNION CORPORATION	126 DANIEL ST	126 DANIEL ST	PORTSMOUTH	NH	03801	RENT	$279,257
CLEAR CHANNEL OUTDOOR
CLEAR CHANNEL OUTDOOR	PO BOX 402379	PO BOX 402379	ATLANTA	GA	30384	ADVERTISING	$227,120
COMCAST SPOTLIGHT
COMCAST SPOTLIGHT	PO BOX 415949	PO BOX 415949	BOSTON	MA	02241	ADVERTISING	$213,317

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LOAN INCOME - CONSUMER & R.E.	$15,034,617	$15,034,617
RENTAL INCOME	$147,489	$147,489
OTHER INCOME	$112,964	$112,964
GAIN ON SALE OF INVESTMENT	$33,555	$33,555

Field	Value	IRS element (for citing)
Total Program Service Revenue	$15,328,625	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$647,728	TotalRevenueColumnAmt
Related Or Exempt Func Income	$647,728	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
MEMBER SERVICE FEES	522100	$1,565,706	$1,565,706
NON MEMBER ATM INCOME	522100	$47,710		$47,710

Field	Value	IRS element (for citing)
Other Revenue Total	$1,613,416	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$17,589,769	TotalRevenueColumnAmt
Related Or Exempt Func Income	$17,542,059	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$47,710	UnrelatedBusinessRevenueAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$15,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$718,626	TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$336,579	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$4,665,601	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,737,086	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$410,126	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$764,585	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$148,792	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,920,373	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$358,649	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$95,121	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSSES	$1,773,517
OPERATIONS EXPENSE	$1,376,631
ATM EXPENSE - NON MEMBER	$427,135
ATM EXPENSE - MEMBER	$410,301

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,215,497	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$16,373,619	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	$2,418,510	BOYAmt
EOY	$1,512,888	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$36,113,580	BOYAmt
EOY	$26,432,440	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$2,543,520	BOYAmt
EOY	$2,041,119	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$252,452,621	BOYAmt
EOY	$292,621,018	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$175,179	BOYAmt
EOY	$264,547	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$5,913,689	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,649,394	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$3,429,352	BOYAmt
EOY	$3,264,295	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$38,566,089	BOYAmt
EOY	$33,814,843	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,905,200	BOYAmt
EOY	$2,144,200	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,085,940	BOYAmt
EOY	$4,288,791	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$341,689,991	BOYAmt
EOY	$366,384,141	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$841,383	BOYAmt
EOY	$853,523	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$331,951	BOYAmt
EOY	$507,267	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$25,000,000	BOYAmt
EOY	$35,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$270,096,596	BOYAmt
EOY	$283,430,365	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$296,269,930	BOYAmt
EOY	$319,791,155	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$45,420,061	BOYAmt
EOY	$46,592,986	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$45,420,061	BOYAmt
EOY	$46,592,986	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$341,689,991	BOYAmt
EOY	$366,384,141	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$1,216,150	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$43,225	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,229,363	OtherCostOrOtherBasisAmt
Book Value	$1,229,363	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,949,316	OtherCostOrOtherBasisAmt
Depreciation	$1,047,446	DepreciationAmt
Book Value	$901,870	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,965,135	OtherCostOrOtherBasisAmt
Depreciation	$1,177,840	DepreciationAmt
Book Value	$787,295	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$769,875	OtherCostOrOtherBasisAmt
Depreciation	$424,108	DepreciationAmt
Book Value	$345,767	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$3,264,295	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARE & SAVINGS ACCOUNTS	Desc
Amt	$283,430,365	Amt

Field	Value	IRS element (for citing)
Total Liability	$283,430,365	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$17,589,769	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$17,589,769	RevenueSubtotalAmt
Total Revenue Per Form990	$17,589,769	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$16,373,619	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$16,373,619	ExpensesSubtotalAmt
Total Expenses Per Form990	$16,373,619	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE D, PAGE 2, PART IV, LINE 2B	FormAndLineReferenceDesc
Explanation	MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES DUE TO MUNICIPALITIES.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	false	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	15	RecipientCnt
Cash Grant	$15,000	CashGrantAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
CATHERINE MULLEN
VP OF MEMBER SERVICE	$141,801	$960	$37,190	$179,951
ANDREW BROWN
VP OF FINANCE	$136,293	$949	$37,165	$174,407
ROBERT MCCAULEY
VP OF LENDING	$134,603	$1,716	$37,081	$173,400
DANIEL TROMBLEY
CEO - FORMER	$286,386	$5,723	$44,470	$336,579

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	LOANS TO OFFICERS DIRECTORS	PersonNm
Relationship With Org	OFFICERS & DIRECTORS	RelationshipWithOrgTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$2,398,571	OriginalPrincipalAmt
Balance Due	$2,041,119	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	Yes (true)	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$2,041,119	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4D	EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME.
FORM 990, PAGE 6, PART VI, LINE 6	PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF 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 11B	THE VP OF FINANCE REVIEWS THE RETURN PRIOR TO FILING FOR COMPLETENESS AND ACCURACY.
FORM 990, PAGE 6, PART VI, LINE 12C	BY COMMITTEE
FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL PHASES OF COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL PHASES OF COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 19	A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE AREA AT ALL BRANCHES. OTHER INFORMATION IS AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9	UNREALIZED GAIN/LOSS -43,225 UNREALIZED GAIN/LOSS REPORTED IN OTHER CHANGES TO NET ASSETS