2014-08-14T09:52:12-07:00 2013-12-31 ROBERT ANDERSON & COMPANY PC 138 DODGE ST BEVERLY MA 019151866 990 2013-01-01 042015276 SEAPORT CREDIT UNION SEAP 9787441153 336 LAFAYETTE STREET SALEM MA 01970 JOHN MURPHY President & CEO 2014-08-14 true Robert Anderson P01462745 9782329300 2013 2015-11-30 17:44:51Z 6154200 false false X N/A CREDIT UNION- THRIFT SERVICES 9 8 22 8 3577 -6127 0 1477634 1299523 624813 371255 308445 331422 2410892 2002200 0 0 842425 1008446 0 0 1546325 1265579 2388750 2274025 22142 -271825 60332636 58875321 51092613 50167739 9240023 8707582 CREDIT UNION- THRIFT SERVICES false false 206581 MAINTENANCE OF MEMBERS' SHARE AND DEPOSIT ACCOUNTS AND THE PAYMENT OF INTEREST THEREON. NUMBER OF ACCOUNTS 5,978. 1299523 MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF ACCOUNTS 1,052. 206581 false false false false false false false false true false true false false false true false true false false false false false false false false false false false false true false false false false false false true false false false false false false false false false false false false false false true 1031 0 true 22 true true false false false false false false false false false false X 9 8 false false false false true true false true true false false false false false false true true true true false X JOHN MURPHY 9787441153 336 LAFAYETTE STREET SALEM MA 01970 PETER HOMAN 1st Vice Chair 1.00 0.00 X X 0 0 0 J RICHARD JULIEN Treasurer 2.00 0.00 X X 0 0 0 PATRICIA LABRIE Director 1.00 0.00 X 0 0 0 DAVID LAMONTAGNE Chairman 1.50 0.00 X X 0 0 0 PAUL LEVESQUE 2nd ViceChairma 1.00 0.00 X X 0 0 0 PATRICIA WARREN President & CEO 40.00 0.00 X X 273091 0 19713 MARCEL NADEAU Director 1.50 0.00 X 0 0 0 LAWRENCE RAUSCH Director 1.00 0.00 X 0 0 0 ROBERT G SPYCHALSKI Director 1.00 0.00 X 0 0 0 ANN MARIE WAUGH VP LENDING 40.00 0.00 X 72385 0 15939 PATRICIA TARR OPERATIONS MGR 40.00 0.00 X 58862 0 14327 WILLIAM A KEANE CFO 40.00 0.00 X 89953 0 22170 JOHN MURPHY President & CEO 40.00 0.00 X 11281 0 0 505572 72149 1 false true false FISERV 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 60675 DATA PROCESSOR 177712 1 0 INTEREST- CONSUMER LOANS 522291 197387 197387 INTEREST-REAL ESTATE LOAN 522292 1102136 1102136 1299523 260321 260321 0 0 0 4262934 4152000 110934 110934 110934 0 0 0 ATM INCOME 522100 6858 3281 3577 OTHER INCOME 900099 324564 324564 331422 2002200 1998623 3577 0 0 0 0 577722 577722 0 299636 299636 32297 32297 37111 37111 61680 61680 0 0 13200 13200 0 0 0 0 117348 117348 80962 80962 185557 185557 0 68422 68422 0 0 16847 16847 384375 206581 177794 0 101443 101443 15438 15438 PROFESSIONAL FEES 77269 77269 ATM EXPENSE 73587 73587 LOAN SERVICING 51500 51500 MISCELLANEOUS EXPENSE 40489 40489 39142 39142 2274025 206581 2067444 0 361840 301165 19734732 16558976 0 0 569618 498947 0 32120501 32785107 0 49144 121541 1882892 841001 1237597 1041891 4017493 5740337 945900 821900 0 0 1295811 1005457 60332636 58875321 94893 61520 91753 101537 14000000 11250000 36905967 38754682 51092613 50167739 X 9240023 8707582 9240023 8707582 60332636 58875321 X -271825 -260616 X false true X true false false true X 75000 75000 1378175 647015 731160 34550 9214 25336 395167 184772 210395 1041891 MEMBER SHARES AND DEPOSIT ACCOUNTS 38235771 OTHER LIABILITIES 518911 38754682 2002200 2002200 2002200 2274025 2274025 2274025 Part IV, Line 2b: Explanation of escrow account liability MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. X X X false false false PATRICIA WARREN President & CEO 243949 29142 12300 7413 292804 J RICHARD JULIEN DIRECTOR MORTGAGE X 82000 9991 false true true J RICHARD JULIEN DIRECTOR MORTGAGE X 152000 100370 false true true PAUL P LEVESQUE DIRECTOR MORTGAGE X 108000 50661 false true true PAUL P LEVESQUE DIRECTOR HOME EQUITY X 130000 111242 false true true PAUL P LEVESQUE DIRCTOR CREDIT CARD X 10000 965 false true true MARCEL R NADEAU DIRECTOR MORTGAGE X 250000 197930 false true true MARCEL R NADEAU DIRECTOR CR CARD X 10000 9565 false true true ROBERT SPYCHALSKI DIRECTOR AUTO X 32013 13922 false true true WILLIAM KEANE OFFICER AUTO LOAN X 21025 2446 false true true J RICHARD JULIEN DIRECTOR CREDIT CARD X 10000 584 false true true RICHARD JULIEN DIRECTOR MC X 5000 1271 false true true RICHARD JULIEN DIRECTOR MC X 5000 false true true 498947 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital. Form 990, Part VI, Line 11b: Form 990 Review Process RESULTS OF THE 990 ARE REVIEWED WITH THE AUDIT COMMITTEE. DUE TO THE TIMING OF THE FILING DUE DATE AND WHEN THE RETURN PREPARED, THE REVIEW MAY BE AFTER FILING. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management CEO- DETERMINED BY THE PERSONNEL COMMITTTEE BASED ON INDUSTRY STANDARDS AND SPECIFIC ACHIEVEMENTSS.OFFICERS/KEY EMPLOYEES - DETERMINED BY CEO UTILIZING SAME STANDARDS AS ABOVE. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees CEO- DETERMINED BY THE PERSONNEL COMMITTTEE BASED ON INDUSTRY STANDARDS AND SPECIFIC ACHIEVEMENTSS.OFFICERS/KEY EMPLOYEES - DETERMINED BY CEO UTILIZING SAME STANDARDS AS ABOVE. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Information is posted in credit union lobby and available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases CHANGE IN FAS115- UNREALIZED GAIN/LOSS = -$260616