2013-04-06T13:48:49-05:00 2012-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2012-01-01 041104060 MASS BAY CREDIT UNION MASS 6172692700 147 WEST FOURTH STREET SOUTH BOSTON MA 02127 JOHN N THOMAS 6172692700 2013-03-14 1 THOMAS O'CONNOR CPA P00028878 6176968900 2013-03-13 2012 2016-02-25 16:41:14Z JOHN N THOMAS 147 WEST FOURTH STREET SOUTH BOSTON MA 02127 11768162 0 X WWW.MASSBAYCU.ORG X CREDIT UNION 1936 MA REFERENCE PART III, # 1 FOR FULL DESCRIPTION OF THE ORGANIZATION'S MISSION. 14 14 74 0 0 0 0 0 9818477 9821015 513108 587294 0 0 10331585 10408309 0 0 0 0 4128115 4275863 0 0 0 5507328 5060089 9635443 9335952 696142 1072357 188596641 196387769 169223909 175624302 19372732 20763467 X A FULL SERVICE FINANCIAL INSTITUTION THAT STRIVES TO PROVIDE THE HIGHEST LEVEL OF SERVICE AND PERSONAL ATTENTION TO ALL OF THEIR MEMBERS, WHILE CONTINUALLY TRYING TO EXPAND AND REFINE THEIR PRODUCTS AND SERVICE, OFFERING TO BEST MEET THEIR NEEDS, AT HIGHLY COMPETITIVE RATES AND UNSURPASSED VALUE. 0 0 TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS BY PROVIDING ACCESS TO LOANS AND ACCEPT DEPOSITS. AS OF 12/31/12 $140,616,441 OF LOANS WERE DUE FROM MEMBERS AND $171,269,825 OF DEPOSITS WERE RECEIVED FROM MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4543 0 1 74 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 0 0 0 X JOHN THOMAS 6172692700 147 WEST FOURTH STREET SOUTH BOSTON MA 02127 JEREMIAH AHERN 1.00 X 0 0 384 JAMES BAIN 1.00 X 0 0 384 DORSTEN BARTLETT 1.00 X 0 0 384 MICHAEL BUGGY 1.00 X 0 0 384 CARRIE DUBOSE 1.00 X 0 0 384 BRIAN DWYER 1.00 X 0 0 384 JOHN FITZGERALD 1.00 X 0 0 250 CHARLES GALLAGHER 1.00 X 0 0 384 MICHAEL KEELEY 1.00 X 0 0 384 JOHN KINEAVY 1.00 X 0 0 384 JOSEPH MOSCA 1.00 X 0 0 384 JOSEPH A DOLAN 1.00 X 0 0 384 JAMES G FLAHERTY 1.00 X 0 0 384 KIMBERLY A KENNEDY 1.00 X 0 0 384 GREGORY D YORK 1.00 X 0 0 384 MAUREEN COLLINS 1.00 X 0 0 128 JOHN N THOMAS 40.00 X 181573 0 29162 RUTH EPPS 40.00 X 85208 0 14073 JULIA DELONG 40.00 X 125549 0 27228 JOSEPH LAVITA 40.00 X 61739 0 20532 454069 0 96749 2 0 1 0 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04092 MAIN DATA PROCESSOR 723928 NES GROUP 905 S MAIN STREET B-201 MANSFIELD MA 02048 BRANCH RENOVATIONS 258962 PENDUM LLC 558 LAMONT ROAD ELMHURST IL 60126 ATM SERVICES 202250 HARLAND FINANCIAL SOLUTIONS 605 CRESCENT EXECUTIVE COURT LAKE MARY FL 32746 DATA SERVICES 151972 VANTAGE CONSULTING 14 GANDER MANSFIELD MA 02048 MARKETING 150861 5 LOAN INCOME 522100 7391739 7391739 FEES ON ACCOUNTS 522100 2336770 2336770 OTHER INCOME 522100 92506 92506 9821015 564247 564247 1382900 1359853 23047 23047 23047 10408309 9821015 0 587294 550819 2620119 322690 518987 263248 66358 36000 91112 22165 231116 149865 674835 103950 1179975 322448 DATA PROCESSING EXPENSE 788955 OTHER GENERAL & ADMINIS 768382 PROVISION FOR LOAN LOSS 394767 CORPORATE STABILIZATION 153922 76239 9335952 4110342 2693334 9131029 10857333 138792777 140975699 233775 182508 10323483 4259609 5451601 6063874 29977910 34612659 899207 1002362 188596641 196387769 4920463 4354477 164303446 171269825 169223909 175624302 X 0 0 0 0 19372732 20763467 19372732 20763467 188596641 196387769 X 1072357 222998 95380 X X 0 1 X 1 0 2301251 2301251 5670205 2364770 3305435 148607 148432 175 1054085 808770 245315 1149335 937637 211698 6063874 NCUA SHARE INSURANCE DEPOSIT 1620227 C CORPORATE CU MEMBERSHIP CAPITAL 262949 C FED HOME LOAN BANK STOCK 443800 C FEDERAL AGENCY OBLIGATIONS 10084020 F MORTGAGE BACKED SECURITIES 22201663 F 34612659 MEMBER DEPOSITS & MORTGAGE ESCROWS 171269825 171269825 10408309 0 10408309 0 10408309 9335952 0 9335952 0 9335952 X 1 1 X X 1 0 0 JOHN N THOMAS 181573 0 0 0 0 0 0 0 29162 0 210735 0 0 0 JULIA DELONG 125549 0 0 0 0 0 0 0 27228 0 152777 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - THE CREDIT UNION REIMBURSES BOARD MEMBERS FOR CONFERENCE EXPENSES (TRAVEL, MEALS, LODGING) INCURRED BY A BOARD MEMBER'S SPOUSE OR GUEST, AS DESCRIBED IN THE CREDIT UNION'S DIRECTOR EXPENSE POLICY APPROVED BY THE BOARD. PART I, LINE 4A JOSEPH LAVITA, CLO RECEIVED $9,615.40 IN SEVERANCE PAYMENTS IN 2012 FORM 990, PART VI, SECTION A, LINE 6 DEPOSITORS WITH A MINIMUM OF $5 BALANCE IN THEIR SAVINGS ACCOUNT. MEMBERS HAVE VOTING RIGHTS WHICH ARE LIMITED TO THE ANNUAL MEETING AND ANY SPECIAL MEETINGS HELD DUE TO CHARTER CHANGES, MERGERS,ETC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE VOTED ON BY THE MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF DIRECTORS, CHARTER CHANGES AND MERGERS REQUIRE A VOTE BY THE MEMBERS. ONLY MEMBERS THAT ATTEND THE ANNUAL MEETING OR SPECIAL MEETING ARE REQUIRED TO VOTE. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE FORM 990 AND PROVIDES COPY TO THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THIS IS MONITORED BY THE CREDIT UNION ENSURING THAT THE ORGANIZATION IS NOT USING VENDORS THAT ANY BOARD MEMBER WORK FOR OR ARE AFFILIATED WITH. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CALL REPORT AND FINANCIAL INFORMATION IS AVAILABLE THROUGH THE NCUA WEBSITE. PRIVACY POLICIES ARE STATED ON THE MASS BAY CREDIT UNION WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: OCI FAS 158 ADJUSTMENT 95,380. THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS.