2025-10-15T14:14:40-04:00 2024-12-31 472604526 MYSTIC ACCOUNTING GROUP LLP PO BOX 397 MYSTIC CT 06355 990 2024-01-01 041126132 BROTHERHOOD CREDIT UNION BROT 7815985555 75 MARKET STREET LYNN MA 01901 ADAM H SHERMAN PRESIDENT/CEO 7815985555 2025-10-15 true false THEODOROS POULOPOULOS P02260731 8605361040 2025-10-15 2024 2025-03-06 01:10:19Z ADAM H SHERMAN 75 MARKET STREET LYNN MA 01901 9260444 false X BROTHERHOODCU.ORG X 1934 MA CREDIT UNION MEMBER SERVICES 10 8 30 8 11782 0 2467326 2687433 2050828 6349272 236169 223739 4754323 9260444 0 0 1805116 1873722 0 0 2351407 2804304 4156523 4678026 597800 4582418 111888397 118019736 68317899 69866820 43570498 48152916 CREDIT UNION MEMBER SERVICES false false MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 6,703. NUMBER OF LOAN ACCOUNTS IS 1,072. false false false false false false false true false true false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 1026 0 true 30 true true true false false false false false false false X 10 8 true false false false true true true true true false true true false false false false true true false MA X X ADAM H SHERMAN 7815985555 75 MARKET STREET LYNN MA 01901 ADAM H SHERMAN PRESIDENT/CE 40.00 X 193185 0 38942 MARILYN DESIMONE CHIEF OPER O 40.00 X 160767 0 29603 JAMES J SHERMAN ADVISORADMIN 12.00 X X 7000 0 350 JOSE ALAS-RUIZ DIRECTOR 2.00 X 0 0 0 MICHAEL COHEN DIRECTOR 2.00 X 0 0 0 HOWARD FIELD DIRECTOR 2.00 X 0 0 0 RICHARD KESSEL CLERK 2.00 X X 0 0 0 DARREN KLEIN DIRECTOR 2.00 X 0 0 0 SCOTT SAGAN DIRECTOR 2.00 X 0 0 0 EDWARD I SHADOFF DIRECTOR 2.00 X 0 0 0 MARTIN SHUMAN TREASURER 4.00 X X 0 0 0 360952 68895 3 false true false FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 IT 426271 PANNOS MARKETING 196 BRIDGE STREET MANCHESTER NH 03104 ADVERTISING PR 178453 2 INTEREST ON LOANS 2687433 2687433 2687433 6349272 6349272 MISCELLANEOUS 125669 125669 SERVICE CHARGES AND FEES 75240 75240 ATM FEES 522100 11718 11718 11112 11048 64 223739 9260444 9248662 11782 571528 1010338 38132 129641 124083 4301 22750 194080 55447 446391 280932 4524 1273943 115767 34133 ELAN EXPENSE 103613 SHARE DRAFT PROCESSING 76565 PROFESSIONAL SERVICES 32438 MISCELLANEOUS 32387 127033 4678026 0 0 0 4428230 9865586 16510001 13670881 63746006 62405283 27251 91759 3141961 2361366 813612 780595 23061302 28184121 1745587 1607798 1556408 1413713 111888397 118019736 723768 698766 434595 432315 2900000 64259536 68735739 68317899 69866820 X 43570498 48152916 43570498 48152916 111888397 118019736 4582418 X false false false false true X 49000 49000 1894822 1484856 409966 150105 108030 42075 42221 42221 1005813 726259 279554 780595 MEMBER DEPOSIT ACCOUNTS 68710911 OTHER LIABILITIES-SUSPENSE ACCOUNTS 24828 68735739 X SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. SCHEDULE D, PAGE 3, PART X THE CREDIT UNION FOLLOWS FASB ACCOUNTING STANDARDS CODIFICATION 740-10, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN YEARS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. X true true X X X false false false ADAM H SHERMAN PRESIDENT/CEO 190080 3105 13522 25420 232127 MARILYN DESIMONE CHIEF OPER OFFICER 159017 1750 11253 18350 190370 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 DARREN KLEIN JAMES J. SHERMAN DIRECTOR ADVISOR/DIR NEPHEW ADAM H. SHERMAN JAMES J. SHERMAN PRESIDENT ADVISOR/DIR SON 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.