2013-06-28T11:58:47-05:00 2012-12-31 010523282 Berry Dunn McNeil & Parker LLC 1000 Elm Street 15th Floor Manchester NH 03101 990 2012-01-01 020187390 St Mary's Bank Credit Union STMA 6036694600 PO Box 990 Manchester NH 03105 Robert A Desmeules 6036694600 2013-06-24 1 Barbara J McGuan CPA P00219457 6036697337 2013-06-24 2012 2016-02-24 21:20:13Z Ronald Covey PO Box 990 Manchester NH 03105 81427290 0 X www.stmarysbank.com X 1908 NH Provide members with savings and loan services to effectively serve our members by providing trusted ethical advice that helps members achieve their financial goals, a full array of financial services that offer real economic value, and best in the market service that results in long-term loyalty. 10 10 249 0 419133 -273263 0 0 31608932 31609487 4497885 6384653 0 0 36106817 37994140 0 0 4922400 4032059 12392391 14037126 0 0 0 16661798 17392901 33976589 35462086 2130228 2532054 717677507 732946357 663233562 676415358 54443945 56530999 X Provide members with savings and loan services to effectively serve our members by providing trusted ethical advice that helps members achieve their financial goals, a full array of financial services that offer real economic value, and best in the market service that results in long-term loyalty. 0 0 The credit union has 84,417 members as of December 31, 2012. Members have access to a wide variety of low-cost, high-quality services. St. Mary's Bank's Charitable Giving Theme is Children, Families and Individuals in Need. St. Mary's Bank proactively supports the communities it serves through a number of programs and initiatives with the commitment of monetary and non-monetary resources. St. Mary's supports many non-profit and social service agencies through donations and sponsorships. In addition, our employees collectively donate more than 2,200 hours annually by serving on Boards of non-profits and volunteering for various community related events. St. Mary's also donates Manchester Monarchs and Fisher Cats tickets as well as other items to non-profit organizations to use in their fund raising activities. In 2012, St. Mary's Bank supported over 120 organizations through donations and sponsorships for a total of about $203,000.St. Mary's also has a formal Community Outreach Program that is delivered through partnerships with non-profit and social services agencies. Programs include a number of specific programs to assist the underserved including Family Emergency Loans (FEL), Individual Development Accounts (IDAs) and Grants for non-profit, 501(c)(3) organizations. In 2012, St. Mary's contributed $20,000 in Grants and $3,400 in FEL's.In 2005, St. Mary's established the St. Mary's Bank Medallion scholarship which is administered by the NH Charitable Foundation. This scholarship program assists members enrolling in accredited vocational or technical programs. In 2012, four scholarships for a total of $5,750 were awarded. St. Mary's Bank's HLPR (Home Loan Payment Relief) mortgage program launched in the spring of 2008 assists low-to-moderate income home buyers. The program is modeled on CUNA's (Credit Union National Association's) program which includes a below market interest rate, low down payment requirement and no PMI. In 2012, St. Mary's closed over $3.6 million in HLPR loans. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 18857 0 1 249 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NH X Robert Desmeules 6036694600 200 McGregor St Manchester NH 03101 Craig S Donais Esq 1.00 X 2160 0 0 Daniel J Healy 1.00 X 5750 0 0 David H Bellman 1.00 X 5500 0 0 Gina M Balkus 1.00 X 3500 0 0 Guy D Chapdelaine 1.00 X 5420 0 0 Joseph G Fremeau 1.00 X X 3750 0 0 Robert Duval 1.00 X 2160 0 0 Ronald J Rioux 1.00 X X 5900 0 0 Stephen J Grzywacz 1.00 X 3700 0 0 Suzanne I Vachon 1.00 X 3950 0 0 Donald St Germain 40.00 X 164547 0 14946 Robert Desmeules 40.00 X 125182 0 2535 Ronald Covey 40.00 X 402245 0 20490 Donald Stevens 40.00 X 254835 0 15573 Daniel Bourquard 40.00 X 133005 0 7636 Sandra P Ientile 40.00 X 181228 0 7774 Judy Leclerc 40.00 X 306923 0 10049 Steven Macek 40.00 X 127731 0 11518 Robert Whittaker 40.00 X 185853 0 13069 1923339 0 103590 21 0 1 0 Harvey Construction 10 Harvey Road Bedford NH 03110 Construction 3230255 Accountemp 12400 Collections Drive Chicago IL 60693 Temporary staffing 189777 Lavallee Brensinger Architects 155 Dow St Suite 400 Manchester NH 03101 Architects 185630 Gauthier & MacMartin PLLC 321 Nashua Street Milford NH 03055 Attorneys 130493 Feniger & Uliasz LLP 45 Bay Street Manchester NH 03104 Attorneys 124487 6 Loan Income From Membe 522100 23885796 23885796 Service Charges 522100 6258895 5839762 419133 Other Operating Income 522100 1464796 1464796 31609487 2584803 2584803 46154000 1079000 42304492 1128658 3849508 -49658 3799850 3799850 37994140 31190354 419133 6384653 4032059 1042143 9249694 1515365 1487106 742818 256714 439620 129549 946481 817757 1257297 167041 50261 1849925 1963058 171582 Provision for Loan Loss 3222966 Other Equipment 1466347 Debit Card Expense 1009675 NCUSIF Impairment Fee 563384 3081244 35462086 85797406 61359152 1992579 1710067 509950077 557932409 819522 794754 24477470 8432066 11331181 16045404 93844277 73970045 5074000 4819100 8868465 16315426 717677507 732946357 354015 266331 886515 954099 50000000 40000000 611993032 635194928 663233562 676415358 X 0 0 0 0 54443945 56530999 54443945 56530999 717677507 732946357 X 2532054 -127000 -318000 X X 0 1 X 1 1 1 0 1 X 612760 612760 17264356 4077290 13187066 6577901 4336439 2241462 22453 18337 4116 16045404 Members' Shares 623834543 Other Liabilities 11360385 635194928 X 36827718 -127000 -127000 36954718 1039422 1039422 37994140 34740983 319 319 34740664 721422 721422 35462086 Part IV, Line 2b: The credit union holds funds in escrow for its mortgage loans to pay taxes and insurance on behalf of the member. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Part X: The FASB has guidance on accounting for uncertainty in income taxes. Management evaluated the Credit Union's tax positions and concluded that the Credit Union has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. The Credit Union files Form 990 and Form 990-T in the US federal jurisdiction. With few exceptions, the Credit Union is no longer subject to examination by the Internal Revenue Service (IRS) for years before 2009. Part XI, Line 4b - Other Adjustments: Net defined benefit pension costs adjustments 251,000. OMSR Expenses 622,822. Origination Fees 98,600. Reclassification adjustment 67,000. Part XII, Line 2d - Other Adjustments: Other 319. Part XII, Line 4b - Other Adjustments: OMSR EXPENSE 622,822. Origination Fees 98,600. 0 St. Mary's Bank Medallion Scholarship 4 5750 X 1 0 X X X X 0 0 0 Donald St Germain 154360 0 9472 0 715 0 2554 0 12392 0 179493 0 0 0 Ronald Covey 319536 0 54479 0 28230 0 3750 0 16740 0 422735 0 0 0 Donald Stevens 217693 0 18465 0 18677 0 3750 0 11823 0 270408 0 0 0 Sandra P Ientile 59706 0 121094 0 428 0 2764 0 5010 0 189002 0 0 0 Judy Leclerc 87266 0 219063 0 594 0 3750 0 6299 0 316972 0 0 0 Robert Whittaker 62584 0 123120 0 149 0 2788 0 10281 0 198922 0 0 0 Part I, Line 1a Travel for companions of the Board and senior officers is permitted at times for special conferences. Form 990, Part VI, Section A, line 6 The Credit Union's members have rights to elect the members of the governing body. Dividends on members' shares are based on available earnings at the end of a dividend period and are not guaranteed by the Credit Union. 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 B, line 11 The CFO/Treasurer will review Form 990 for accuracy and reasonableness. The Supervisory Committee will review and approve the Form 990 and then provide a copy to the Board of Directors for their review, prior to filing. Form 990, Part VI, Section B, line 12c New employees are required to acknowledge that they have read and understand this policy. As updates to the policy occur, all SMB employees are required to acknowledge that they have read and understand the revised policy as applicable. In addition, the CAO sends out an annual "All Employee" communication reminding employees to use the review process for any situations that might be perceived as questionable. Form 990, Part VI, Section B, line 15 SMB uses a third party vendor approved by the Board of Directors to set market based salary ranges for each position in the credit union. The vendor also makes recommendations regarding annual market increases each year. SMB's Board of Directors approves salary ranges for each year. The Board also approves the budget which contains merit increases for each year. Form 990, Part VI, Section C, line 19 The financial statements for St. Mary's Bank Credit Union are distributed to all members who attend the annual meeting and also made available to the public upon written request. The governing documents are available upon request. All requests for the conflict of interest policy are referred to the marketing department to assess any potential public relations issues. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Net defined benefit pension costs adjustments -251,000. Reclassification adjustment -67,000. Form 990, Part XII, Line 2c There has been no change in the audit oversight process of the audit committee. Riverside Financial Inc PO Box 990 Manchester NH 031050990 020419388 Financial and Tax Planning Services NH St Mary's Bank Credit Union C 328336 619804 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0