ALL ONE CREDIT UNION: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: ALL ONE CREDIT UNION (EIN 04-2348884)
Tax period: 2013-10-01 to 2014-09-30
Filed: 2015-05-13
IRS object ID: 201531339349303963
Schema version: 2013v4.0
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 O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-05-13T13:58:31-05:00	ReturnTs
Tax Period End	2014-09-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MCGLADREY LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	801 NICOLLET MALL SUITE 1100	AddressLine1
City	MINNEAPOLIS	City
State	MN	State
ZIP Code	55402	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-10-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	042348884	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEOMINSTER CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	LEOM	BusinessNameControlTxt
Phone	9785378021	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1
City	LEOMINSTER	City
State	MA	State
ZIP Code	01453	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	GARY ABRAMS EVPCOOCFO	PersonNm
Person Title	EVP, CFO, COO	PersonTitleTxt
Phone	9785378021	PhoneNum
Signature	2015-05-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GERALD B KISSELL	PreparerPersonNm
PTIN	P00092658	PTIN
Phone	6123324300	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOHN O'BRIEN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1
City	LEOMINSTER	City
State	MA	State
ZIP Code	01453	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$101,315,362	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.LEOMINSTERCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1954	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	LEOMINSTER CREDIT UNION (LCU) IS A STATE CHARTERED CREDIT UNION.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	166	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$52,634	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$54,872	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$19,185,242	PYProgramServiceRevenueAmt
CY Program Service Revenue	$18,547,360	CYProgramServiceRevenueAmt
PY Investment Income	$5,689,473	PYInvestmentIncomeAmt
CY Investment Income	$6,403,276	CYInvestmentIncomeAmt
PY Other Revenue	$87,728	PYOtherRevenueAmt
CY Other Revenue	$297,391	CYOtherRevenueAmt
PY Total Revenue	$24,962,443	PYTotalRevenueAmt
CY Total Revenue	$25,248,027	CYTotalRevenueAmt
PY Grants And Similar Paid	$102,493	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$117,072	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$4,182,670	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$3,434,909	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$8,763,574	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$8,996,997	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$11,085,780	PYOtherExpensesAmt
CY Other Expenses	$10,322,294	CYOtherExpensesAmt
PY Total Expenses	$24,134,517	PYTotalExpensesAmt
CY Total Expenses	$22,871,272	CYTotalExpensesAmt
PY Revenues Less Expenses	$827,926	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,376,755	CYRevenuesLessExpensesAmt
Total Assets BOY	$621,728,878	TotalAssetsBOYAmt
Total Assets EOY	$619,865,762	TotalAssetsEOYAmt
Total Liabilities BOY	$565,097,583	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$559,046,607	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$56,631,295	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$60,819,155	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	LEOMINSTER CREDIT UNION (LCU) IS A COMMUNITY-BASED FINANCIAL SERVICES PROVIDER. WE EXIST TO FULFILL OUR MEMBERS' FINANCIAL NEEDS THROUGH OUTSTANDING SERVICE AND EFFECTIVE TECHNOLOGY. AS A RESPONSIBLE CORPORATE CITIZEN, WE ARE COMMITTED TO ENRICHING THE COMMUNITIES IN WHICH WE LIVE AND WORK.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	TO SERVE OUR MEMBERS, OUR HIGHEST EXPENSE IS INTEREST PAID ON CERTIFICATES OF DEPOSIT. AT YEAR-END, THE CREDIT UNION HAD 53,365 MEMBERS, AND INTEREST PAID ON CERTIFICATES OF DEPOSIT TOTALED $2,094,909.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	OUR SECOND HIGHEST EXPENSE IS INTEREST PAID ON INDIVIDUAL RETIREMENT ACCOUNTS FOR OUR MEMBERS. AT YEAR-END, THE CREDIT UNION HAD 53,365 MEMBERS, AND INTEREST PAID ON INDIVIDUAL RETIREMENT ACCOUNTS TOTALED $582,617.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	OUR THIRD HIGHEST EXPENSE IS INTEREST PAID ON DEMAND DEPOSIT ACCOUNTS FOR OUR MEMBERS. AT YEAR-END, THE CREDIT UNION HAD 53,365 MEMBERS, AND INTEREST PAID ON DEMAND DEPOSIT ACCOUNTS TOTALED $393,962.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	WE CONTINUE TO MAKE CREDIT AVAILABLE TO OUR MEMBERS FOR THE PURCHASE OF HOMES, VEHICLES, AND SMALL BUSINESSES. WE RAISE CAPITAL BY RECEIVING MEMBER DEPOSITS AND PAYING INTEREST ON THOSE DEPOSITS.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	11713	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	166	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GARY ABRAMS	BusinessNameLine1

Field	Value	IRS element (for citing)
Phone	9784667263	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1
City	LEOMINSTER	City
State	MA	State
ZIP Code	01453	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ANTHONY GASBARRO
CHAIR	2.00	Yes (X)	Yes (X)	$4,000	$0	$2,531
GIULIO GRECO
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$3,423
HENRY KULIK
ASSISTANT TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$4,610
AMEDEO BILOTTA
DIRECTOR	1.00	Yes (X)		$0	$0	$4,610
BRUCE BOLLIVAR
DIRECTOR	1.00	Yes (X)		$0	$0	$3,361
ANDREW COUSINS
DIRECTOR	1.00	Yes (X)		$0	$0	$1,511
NANCY GRAVES
DIRECTOR	1.00	Yes (X)		$0	$0	$3,128
JOYCE LAFLEUR
DIRECTOR	1.00	Yes (X)		$0	$0	$1,649
JOSEPH QUINTAL
DIRECTOR	1.00	Yes (X)		$0	$0	$3,236
MICHAEL SAUVAGEAU
DIRECTOR	1.00	Yes (X)		$0	$0	$4,610
RICHARD SHEPPARD
DIRECTOR	1.00	Yes (X)		$0	$0	$5,160
JOHN O'BRIEN
PRESIDENT/CEO	40.00		Yes (X)	$197,824	$0	$15,718
PAUL GILBODY
PRESIDENT/CEO	40.00		Yes (X)	$19,261	$0	$1,635
GARY ABRAMS
EVP/COO/CFO	40.00		Yes (X)	$215,545	$0	$40,398
CAROL SOUTHWORTH
SENIOR VICE PRESIDENT	40.00			$170,480	$0	$12,298	Yes (X)
BARBARA MAHONEY
SENIOR VICE PRESIDENT	40.00			$131,117	$0	$34,153		Yes (X)
SETH WISH
VICE PRESIDENT	40.00			$129,591	$0	$30,348		Yes (X)
THOMAS CLANCY
VICE PRESIDENT	40.00			$122,646	$0	$28,391		Yes (X)
JANET BELSKY
VICE PRESIDENT	40.00			$112,508	$0	$18,188		Yes (X)
DIANE FARNSWORTH
MORTGAGE ORIGINATOR	40.00			$112,103	$0	$21,369		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,215,075	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$240,327	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	9	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
FISERV
PO BOX 22705	LINCOLN	NE	68542	IT SERVICES	$720,725
LEE & MASON FINANCIAL SERVICES
PO BOX 270	NORTHVILLE	NY	12134	INSURANCE SERVICES	$377,579
RED HAWK FIRE & SECURITY
PO BOX 677671	DALLAS	TX	75267	ATM MACHINE SERVICES	$248,615
SANTINI INC
60 DUDLEY ST	ARLINGTON	MA	02476	CONSTRUCTION SERVICES	$245,557
PAETEC
PO BOX 1283	BUFFALO	NY	14240	TELEPHONE SERVICES	$230,230

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	14	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS	522100	$14,732,743	$14,732,743
SERVICE CHARGES AND FEE INCOME	522100	$3,814,617	$3,761,983	$52,634

Field	Value	IRS element (for citing)
Total Program Service Revenue	$18,547,360	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,166,624	TotalRevenueColumnAmt
Exclusion	$6,166,624	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$103,748	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$16,021	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$87,727	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$87,727	TotalRevenueColumnAmt
Exclusion	$87,727	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$65,090,837	SecuritiesAmt
Other	$11,197,129	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$64,911,723	SecuritiesAmt
Other	$11,139,591	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$179,114	SecuritiesAmt
Other	$57,538	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$236,652	TotalRevenueColumnAmt
Exclusion	$236,652	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CREDIT UNION OWNED LIFE INSURANCE	900099	$230,184	$230,184
LOSS ON AUTO REPOSSESSIONS & OREO	522100	-$20,520	-$20,520

Field	Value	IRS element (for citing)
Other Revenue Total	$209,664	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,248,027	TotalRevenueColumnAmt
Related Or Exempt Func Income	$18,704,390	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$52,634	UnrelatedBusinessRevenueAmt
Exclusion	$6,491,003	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$116,072	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$1,000	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$3,434,909	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$530,099	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$6,552,781	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$409,050	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$936,910	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$568,157	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$7,950	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$219,000	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,580,992	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$532,606	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,316,230	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,053,408	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$37,575	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$55,390	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,869,070	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,314,517	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$258,648	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$747,048
COLLECTIONS	$256,915
SECURITY	$256,374
NCUSIF INSURANCE PREMIU	$195,000

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$621,571	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$22,871,272	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$6,500,753	BOYAmt
EOY	$6,023,024	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$405,132,250	BOYAmt
EOY	$407,126,738	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$743,522	BOYAmt
EOY	$848,372	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$24,148,291	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$11,484,466	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$12,856,745	BOYAmt
EOY	$12,663,825	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$183,778,434	BOYAmt
EOY	$167,756,718	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$5,133,400	BOYAmt
EOY	$6,365,600	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$7,583,774	BOYAmt
EOY	$19,081,485	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$621,728,878	BOYAmt
EOY	$619,865,762	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,191,159	BOYAmt
EOY	$3,800,917	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,095,894	BOYAmt
EOY	$1,239,487	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$559,810,530	BOYAmt
EOY	$554,006,203	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$565,097,583	BOYAmt
EOY	$559,046,607	EOYAmt

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

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$56,631,295	BOYAmt
EOY	$60,819,155	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$56,631,295	BOYAmt
EOY	$60,819,155	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$621,728,878	BOYAmt
EOY	$619,865,762	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$2,376,755	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$1,811,105	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,378,459	OtherCostOrOtherBasisAmt
Book Value	$1,378,459	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$13,084,416	OtherCostOrOtherBasisAmt
Depreciation	$4,157,823	DepreciationAmt
Book Value	$8,926,593	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$613,007	OtherCostOrOtherBasisAmt
Depreciation	$249,700	DepreciationAmt
Book Value	$363,307	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,016,875	OtherCostOrOtherBasisAmt
Depreciation	$7,061,024	DepreciationAmt
Book Value	$1,955,851	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$55,534	OtherCostOrOtherBasisAmt
Depreciation	$15,919	DepreciationAmt
Book Value	$39,615	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$12,663,825	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
MEMBERS' SHARES	$444,006,203
BORROWED FUNDS	$110,000,000

Field	Value	IRS element (for citing)
Total Liability	$554,006,203	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$25,248,027	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$25,248,027	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$25,248,027	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$22,871,272	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$22,871,272	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$22,871,272	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART IV, LINE 2B:	THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY INSURANCE AND TAXES ON BEHALF OF ITS MORTGAGE LOAN ACCOUNTS.
PART X, LINE 2:	MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEOMINSTER ARTS COUNCIL INC	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 PLEASANT ST	AddressLine1
City	LEOMINSTER	City
State	MA	State
ZIP Code	01453	ZIPCode

Field	Value	IRS element (for citing)
Recipient EIN	042784618	RecipientEIN
IRC Section	501(C)(3)	IRCSectionDesc
Cash Grant	$8,000	CashGrantAmt
Purpose Of Grant	PROGRAM SUPPORT	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION INFORMALLY FOLLOWS UP WITH GRANT RECIPIENTS AND ENSURES THAT GRANT FUNDS ARE USED FOR THE PURPOSE INTENDED.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN O'BRIEN
PRESIDENT/CEO	$196,476	$0	$0	$0	$1,348	$0	$15,718	$0	$1,271	$0	$214,813	$0	$0	$0
GARY ABRAMS
EVP/COO/CFO	$201,717	$0	$0	$0	$13,828	$0	$17,762	$0	$23,992	$0	$257,299	$0	$0	$0
CAROL SOUTHWORTH
SENIOR VICE PRESIDENT	$141,671	$0	$28,080	$0	$729	$0	$5,169	$0	$8,256	$0	$183,905	$0	$0	$0
BARBARA MAHONEY
SENIOR VICE PRESIDENT	$129,908	$0	$0	$0	$1,209	$0	$10,939	$0	$24,282	$0	$166,338	$0	$0	$0
SETH WISH
VICE PRESIDENT	$62,405	$0	$0	$0	$67,186	$0	$7,593	$0	$23,469	$0	$160,653	$0	$0	$0
THOMAS CLANCY
VICE PRESIDENT	$121,966	$0	$0	$0	$680	$0	$7,108	$0	$22,290	$0	$152,044	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	THE CREDIT UNION WILL REIMBURSE THE COST OF BOARD APPROVED SPOUSAL OR "SIGNIFICANT OTHER" TRAVEL EXPENSES WHEN ACCOMPANYING A DIRECTOR ON AN EDUCATIONAL EVENT OR SPECIAL PLANNING/MEETING HELD OFF-SITE FROM LEOMINSTER CREDIT UNION. COSTS INCLUDE TRAVEL, GUEST REGISTRATION, LODGING, AND MEALS. THERE WERE 7 COMPANION TRAVEL TRIP REIMBURSEMENTS IN FY14.
PART I, LINE 4A	SETH WISH RECEIVED $66,599 OF SEVERANCE PAY IN 2014.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART I, LINE 6	THE 10 UNCOMPENSATED BOARD DIRECTORS ARE CONSIDERED VOLUNTEERS OF THE CREDIT UNION.
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
FORM 990, PART VI, SECTION B, LINE 11	THE AVP/TREASURY AND EXECUTIVE VICE PRESIDENT REVIEW FORM 990 PRIOR TO ITS FILING. A COPY IS ALSO PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	WE SHARE OUR CONFLICT OF INTEREST POLICY WITH NEW EMPLOYEES WHEN WE HIRE THEM, AND THEY SIGN OFF TO ACKNOWLEDGE RECEIPT. THIS POLICY OUTLINES THE PARAMETERS AROUND ACTIVITIES WHICH CONFLICT WITH OR APPEAR TO CONFLICT WITH THE BUSINESS INTERESTS OF LCU. ANNUALLY, WE DISTRIBUTE OUR ETHICS POLICY AND WHISTLEBLOWER POLICY TO REITERATE THE GUIDELINES IN REFERENCE TO CONFLICT OF INTEREST AND THE PROCESS IN PLACE TO ADDRESS ISSUES THAT MAY ARISE. EMPLOYEES SIGN OFF ON BOTH OF THESE PROCESSES ANNUALLY TO ACKNOWLEDGE THEIR RECEIPT.
FORM 990, PART VI, SECTION B, LINE 15	HUMAN RESOURCES REVIEWS ALL RECOMMENDATIONS TO INCREASE THE SALARY OF ITS OFFICERS AND KEY EMPLOYEES WITHIN THE CREDIT UNION. HR REFERENCES PRE-DETERMINED SALARY RANGES FOR THE RESPECTIVE POSITION, AS WELL AS INFORMATION FROM PURCHASED SALARY SURVEYS TO DETERMINE THE APPROPRIATENESS OF THE RECOMMENDATION. IN ADDITION, HR LOOKS AT THE EQUITY TO COMPARABLE ROLES WITHIN THE CREDIT UNION BEFORE APPROVING THE RECOMMENDATION.
FORM 990, PART VI, SECTION C, LINE 19	OUR GOVERNING DOCUMENTS AND FINANCIAL STATEMENT ARE AVAILABLE TO MEMBERS UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF OUR BRANCHES FOR MEMBERS TO REVIEW. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LCU INSURANCE SERVICES LLC	BusinessNameLine1

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1
City	LEOMINSTER	City
State	MA	State
ZIP Code	01453	ZIPCode

Field	Value	IRS element (for citing)
EIN	452079582	EIN
Primary Activities	INSURANCE SERVICES	PrimaryActivitiesTxt
Legal Domicile State	MA	LegalDomicileStateCd
Total Income	$9,990	TotalIncomeAmt
End Of Year Assets	$18,351	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LEOMINSTER CREDIT UNION	BusinessNameLine1