BROOKLINE MUNICIPAL CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: BROOKLINE MUNICIPAL CREDIT UNION (EIN 04-2041245)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-04-25
IRS object ID: 201321159349300332
Schema version: 2012v2.0
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 L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-04-25T11:50:05-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ROBERT ANDERSON & COMPANY PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	138 DODGE ST	AddressLine1
City	BEVERLY	City
State	MA	State
ZIP Code	019151866	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	042041245	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	BROO	NameControl
Phone	6172329410	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	334 WASHINGTON STREET	AddressLine1
City	BROOKLINE	City
State	MA	State
ZIP Code	02447	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	James P Hughes	Name
Title	CEO/TREASURER	Title
Date Signed	2013-04-25	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Robert Anderson	Name
PTIN	P01462745	PTIN
Phone	9782329300	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	1233528	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Activity Or Mission Description	CREDIT UNION - THRIFT SERVICES	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	12	TotalNbrEmployees
Total Nbr Volunteers	8	TotalNbrVolunteers
Total Gross UBI	2576	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	876020	ProgramServiceRevenuePriorYear
Program Service Revenue CY	787652	ProgramServiceRevenueCY
Investment Income Prior Year	296218	InvestmentIncomePriorYear
Investment Income Current Year	300401	InvestmentIncomeCurrentYear
Other Revenue Prior Year	135117	OtherRevenuePriorYear
Other Revenue Current Year	145475	OtherRevenueCurrentYear
Total Revenue Prior Year	1307355	TotalRevenuePriorYear
Total Revenue Current Year	1233528	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	513944	SalariesEtcPriorYear
Salaries Etc Current Year	513491	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	724353	OtherExpensePriorYear
Other Expenses Current Year	650757	OtherExpensesCurrentYear
Total Expenses Prior Year	1238297	TotalExpensesPriorYear
Total Expenses Current Year	1164248	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	69058	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	69280	RevenuesLessExpensesCY
Total Assets BOY	39573140	TotalAssetsBOY
Total Assets EOY	40989146	TotalAssetsEOY
Total Liabilities BOY	35322568	TotalLiabilitiesBOY
Total Liabilities EOY	36647251	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4250572	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	4341895	NetAssetsOrFundBalancesEOY
Mission Description	CREDIT UNION - THRIFT SERVICES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNT. NUMBER OF ACCOUNTS 5,110.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	MAKING OF LOANS TO MEMBERS. NUMBER OF ACCOUNTS 474.	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1172	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	12	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JAMES P HUGHES	NamePerson
Telephone Number	6172329410	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	334 WASHINGTON STREET	AddressLine1
City	BROOKLINE	City
State	MA	State
ZIP Code	02447	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (10 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
BRIAN M CLOONAN
Director	2.00	0.00	X	0	0	0
DANIEL C O'LEARY
Asst. Treasurer	2.00	0.00	X	0	0	0	X
FRANCIS M MORONEY
Director	2.00	0.00	X	0	0	0
RICHARD T LEARY
Chair/President	2.00	0.00	X	0	0	0	X
JAMES P HUGHES
Treasurer/CEO	40.00	0.00	X	113733	0	14550	X
ELIZABETH M MELLETT
Clerk	2.00	0.00	X	2200	0	360	X
ANDREW PAPPASTERGION
Director	2.00	0.00	X	0	0	0
ROBIN L MAGNER
1st Vice Chair	2.00	0.00	X	0	0	0	X
MICHAEL O'REILLY
Director	2.00	0.00	X	0	0	0
RALPH A PARENT
2ND VICE CHAIR	2.00	0.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	115933	TotalReportableCompFromOrg
Total Other Compensation	14910	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

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

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1601 Trapelo Road	AddressLine1
City	Waltham	City
State	MA	State
ZIP Code	02451	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	DATA PROCESSOR	DescriptionOfServices
Compensation	121918	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	INTEREST ON LOANS	Description
Business Code	522100	BusinessCode
Total Revenue Column	787652	TotalRevenueColumn
Related Or Exempt Function Income	787652	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	787652	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	300401	TotalRevenueColumn
Related Or Exempt Function Income	300401	RelatedOrExemptFunctionIncome

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
SERVICE CHARGES & FEES	900099	84311	84311
OTHER INCOME	900099	58588	58588
NON MEMBER ATM FEE INCOME		2576		2576

Field	Value	IRS element (for citing)
Total Other Revenue	145475	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1233528	TotalRevenueColumn
Related Or Exempt Function Income	1230952	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	2576	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	130843	Total
Management And General	130843	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	284771	Total
Management And General	284771	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	21974	Total
Management And General	21974	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	44184	Total
Management And General	44184	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	31719	Total
Management And General	31719	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	20400	Total
Management And General	20400	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	4207	Total
Management And General	4207	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	69708	Total
Management And General	69708	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	123636	Total
Management And General	123636	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	33811	Total
Management And General	33811	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1471	Total
Management And General	1471	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	212596	Total
Program Services	212596	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	22457	Total
Management And General	22457	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	20259	Total
Management And General	20259	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
EQUIPMENT MAINTENANCE	9310	9310
Postage and Shipping	20827	20827
NCUA STABILIZATION EXPENE	34441	34441
ATM EXPENSE	49201	49201

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	28433	Total
Management And General	28433	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1164248	Total
Program Services	212596	ProgramServices
Management And General	951652	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	377173	BOY
EOY	413021	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	19678576	BOY
EOY	20190752	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	233589	BOY
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	14475448	BOY
EOY	14627492	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	23061	BOY
EOY	32025	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	680446	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	540327	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	149366	BOY
EOY	140119	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	4075418	BOY
EOY	4995833	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	46700	BOY
EOY	52000	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	513809	BOY
EOY	537904	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	39573140	BOY
EOY	40989146	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	73464	BOY
EOY	58293	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	41763	BOY
EOY	43458	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	35207341	BOY
EOY	36545500	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	35322568	BOY
EOY	36647251	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	4250572	BOY
EOY	4341895	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4250572	BOY
EOY	4341895	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	39573140	BOY
EOY	40989146	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	69280	ReconcilationRevenueExpenses
Reconcilation Other Changes	22043	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS
Explanation In Part XIII	X	ExplanationInPartXIII

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	10000	OtherCostOrOtherBasis
Book Value	10000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	375175	OtherCostOrOtherBasis
Depreciation	278892	Depreciation
Book Value	96283	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	295271	OtherCostOrOtherBasis
Depreciation	261435	Depreciation
Book Value	33836	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	140119	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	MEMBER DEPOSITS/SUSPENSE ACCOUNTS	Description
Amount	$36,545,500	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	36545500	TotalOfAmounts

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	Part IV, Line 2b	Identifier
Return Reference	Part IV, Line 2b: Explanation of escrow account liability	ReturnReference
Explanation	MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES.	Explanation

Schedule L IRS990ScheduleL

Loan Table LoanTable (11 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
RALPH PARENT
USED AUTO	X	$17,639	false	true	true
ANDREW PAPPASTERGION
PERSONAL LOAN	X	$20,000	false	true	true
ANDREW PAPPASTERGION
HOME IMPROVEMENT	X	$20,000	false	true	true
MICHAEL O'REILLY
PERSONAL LOAN	X	$3,500	false	true	true
DANIEL O'LEARY
NEW AUTO	X	$34,215	false	true	true
FRANCIS MORONEY
HOME EQUITY	X	$100,000	false	true	true
ELIZABETH MELLETT
MORTGAGE	X	$180,000	false	true	true
ROBIN MAGNER
PERSONAL LOAN	X	$1,000	false	true	true
JAMES P HUGHES
HOME EQUITY	X	$75,000	false	true	true
ROBIN MAGNER
PERSONAL LOAN	X	$1,500	false	true	true
JOHN CONNORS
HOME EQUITY	X	$50,000	false	true	true

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part XI, Line 9	Other Changes In Net Assets Or Fund Balances - Other Increases	CHANGE IN MARKET VALUE DUE TO FAS115 = $22043
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	Available upon request.
Form 990, Part VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	Personnel Committee reviews all employee salaries annually in September. Salaries are voted and approved by board of directors.
Form 990, Part VI, Line 12c	Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	DIRECTORS AND EMPLOYEES SIGN A NEW CONFLICT OF INTEREST FORM ANNUALLY.
Form 990, Part VI, Line 11b	Form 990, Part VI, Line 11b: Form 990 Review Process	The 990 is reported to the Audit Committee and the Audit Committee then reports the filing to the full board of directors. The 990 is reviewed by management and is documented in the minutes.
Form 990, Part VI, Line 6	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.