ST JEANS CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: ST JEANS CREDIT UNION (EIN 04-1801520)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-21
IRS object ID: 201211429349300131
Schema version: 2011v1.2
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 J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-21T13:14:22-07:00	Timestamp
Tax Period End Date	2011-12-31	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	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	041801520	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	STJE	NameControl
Phone	7815925420	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	250 MAPLE STREET	AddressLine1
City	Lynn	City
State	MA	State
ZIP Code	01904	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	C DAVID SURFACE	Name
Title	President & CEO	Title
Date Signed	2012-05-21	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

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

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	14692130	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c	X	Organization501c
Web Site	www.stjeanscu.com	WebSite
Activity Or Mission Description	CREDIT UNION	ActivityOrMissionDescription
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	62	TotalNbrEmployees
Total Nbr Volunteers	10	TotalNbrVolunteers
Total Gross UBI	72840	TotalGrossUBI
Net Unrelated Business Txbl Income	-43966	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	5458101	ProgramServiceRevenuePriorYear
Program Service Revenue CY	5151262	ProgramServiceRevenueCY
Investment Income Prior Year	551127	InvestmentIncomePriorYear
Investment Income Current Year	469362	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1448617	OtherRevenuePriorYear
Other Revenue Current Year	1438973	OtherRevenueCurrentYear
Total Revenue Prior Year	7457845	TotalRevenuePriorYear
Total Revenue Current Year	7059597	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	2561201	SalariesEtcPriorYear
Salaries Etc Current Year	2612051	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4346603	OtherExpensePriorYear
Other Expenses Current Year	4046385	OtherExpensesCurrentYear
Total Expenses Prior Year	6907804	TotalExpensesPriorYear
Total Expenses Current Year	6658436	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	550041	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	401161	RevenuesLessExpensesCY
Total Assets BOY	133701426	TotalAssetsBOY
Total Assets EOY	140798720	TotalAssetsEOY
Total Liabilities BOY	120156524	TotalLiabilitiesBOY
Total Liabilities EOY	127079352	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	13544902	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	13719368	NetAssetsOrFundBalancesEOY
Mission Description	CREDIT UNION	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1089173	Expense
Description	MAINTAINING OF MEMBERS ACCOUNTS AND THE PAYMENTS OF DIVIDENDS THERE ON. NUMBER OF ACCOUNTS 25,799..	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Revenue	5151262	Revenue
Description	MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF ACCOUNTS 3,825.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	1089173	TotalProgramServiceExpense
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	true	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	true	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	true	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	3398	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	62	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Form8886 T Filed	false	Form8886TFiled
Non Deductible Contributions	false	NonDeductibleContributions
Non Deductible Disclosure	false	NonDeductibleDisclosure
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
Form720 Filed	false	Form720Filed
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	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	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	true	LocalChapters
Policies Reference Chapters	true	PoliciesReferenceChapters
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
Written Policy Or Procedure	false	WrittenPolicyOrProcedure
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	David Surface	NamePerson
Telephone Number	7815925420	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	250 MAPLE STREET	AddressLine1
City	LYNN	City
State	MA	State
ZIP Code	01904	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (16 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
IRA NOVOSELSKY
Director	2.00	X	0	0	0
STEPHEN SALVO
Vice Chairman	4.00	X	0	0	0	X
PHILIP J DOYLE
Director	2.00	X	0	0	0
RICHARD DRAGONE
Chairman	4.00	X	0	0	0	X
STEVEN WALSH
Director	2.00	X	0	0	0
PATRICK BRADY
2nd Vice Chair	2.00	X	0	0	0	X
C DAVID SURFACE
President & CEO	40.00	X	187096	0	24421	X
PAUL AMIRAULT
Director	2.00	X	0	0	0
J PAUL BURKE
Treasurer	5.00	X	0	0	0	X
RICHARD BONNEVIE
SecurityOfficer	2.00	X	0	0	0	X
LINDA LEBLANC
Asst. Treasurer	2.00	X	0	0	0	X
SCOTT RAMSEY
LOAN OFFICER	40.00		82007	0	22811	X
NICOLE A MARKEE
Controller	40.00		72136	0	16066	X
KAREN INTERBARTOLO
Vice President	40.00		81645	0	16392	X
KATHY MACDONALD
Vice President	40.00		80655	0	11562	X
KATHY DONAHUE
Vice President	40.00		101863	0	17925	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	605402	TotalReportableCompFromOrg
Total Other Compensation	109177	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
SYNERGENT
2 LEDGEWOOD DRIVE	WESTBROOK	ME	04092	CORE PROCESSOR	188127
OPEN SOLUTIONS INC
455 WINDING BROOK DRIVE	GLASTONBURY	CT	06033	CORE DATA PROCESSING	155358
DIGITAL INSIGHT
PO BOX 515306	LOS ANGELES	CA	900516606	HOME BANKING/BILL PA	153556

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	INTEREST ON LOANS	Description
Total Revenue Column	5151262	TotalRevenueColumn
Related Or Exempt Function Income	5151262	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	5151262	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	372450	TotalRevenueColumn
Related Or Exempt Function Income	372450	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

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	7729445	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	7632533	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	96912	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	96912	TotalRevenueColumn
Related Or Exempt Function Income	96912	RelatedOrExemptFunctionIncome

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	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
SERVICE CHARGES AND FEES	1084855	1084855
OTHER INCOME	281278	281278
NON MEMBER ATM FEES	72840		72840

Field	Value	IRS element (for citing)
Total Other Revenue	1438973	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	7059597	TotalRevenueColumn
Related Or Exempt Function Income	6986757	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	72840	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	714579	Total
Management And General	714579	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	1396356	Total
Management And General	1396356	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	106993	Total
Management And General	106993	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	218341	Total
Management And General	218341	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	175782	Total
Management And General	175782	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	5750	Total
Management And General	5750	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	28000	Total
Management And General	28000	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	102075	Total
Management And General	102075	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	255278	Total
Management And General	255278	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	400127	Total
Management And General	400127	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	635200	Total
Management And General	635200	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	54354	Total
Management And General	54354	ManagementAndGeneral

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	1089173	Total
Program Services	1089173	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	301494	Total
Management And General	301494	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	14134	Total
Management And General	14134	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
PROVISION FOR LOAN LOSSES	205027	205027
Postage and Shipping	85300	85300
NCUA EXPENSE	308237	308237
EQUIPMENT	116971	116971
EFT	212170	212170

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	233095	Total
Management And General	233095	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6658436	Total
Program Services	1089173	ProgramServices
Management And General	5569263	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1519404	BOY
EOY	1477753	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	25928327	BOY
EOY	29734170	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	600589	BOY
EOY	2899245	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	89871724	BOY
EOY	85732841	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	86534	BOY
EOY	195582	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	7893744	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2226767	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	4832272	BOY
EOY	5666977	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	8901046	BOY
EOY	12649216	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	1961530	BOY
EOY	2442936	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	133701426	BOY
EOY	140798720	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	334543	BOY
EOY	317885	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	352236	BOY
EOY	352529	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	119469745	BOY
EOY	126408938	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	120156524	BOY
EOY	127079352	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	13544902	BOY
EOY	13719368	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	13544902	BOY
EOY	13719368	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	133701426	BOY
EOY	140798720	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	401161	ReconcilationRevenueExpenses
Reconcilation Other Changes	-226695	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired
Federal Grant Audit Performed	false	FederalGrantAuditPerformed

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1813976	OtherCostOrOtherBasis
Book Value	1813976	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2614979	OtherCostOrOtherBasis
Depreciation	743289	Depreciation
Book Value	1871690	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1033279	OtherCostOrOtherBasis
Depreciation	227263	Depreciation
Book Value	806016	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	2431510	OtherCostOrOtherBasis
Depreciation	1256215	Depreciation
Book Value	1175295	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5666977	TotalOfBookValueLandBuildings
Total Of Book Value Securities	12649216	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
SHARES AND DEPOSITS	$125,974,681
OTHER LIABILITIES	$434,257

Field	Value	IRS element (for citing)
Total Of Amounts	126408938	TotalOfAmounts
Total Revenue	7059597	TotalRevenue
Total Expenses	6658436	TotalExpenses
Excess Or Deficit For Year	401161	ExcessOrDeficitForYear
Other	-$226,695	OtherAmount
Total Adjustments	-226695	TotalAdjustments
Excess Or Deficit Per FS	174466	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	7059597	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	7059597	RevenueSubtotal
Total Revenue Per Form990	7059597	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	6658436	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	6658436	ExpensesSubtotal
Total Expenses Per Form990	6658436	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Part XI, Line 8	Part XI, Line 8: Other Changes in Net Assets or Fund Balances	CHANGE IN FMV DUE TO SFAS 115 $ -1695 PAYMENTS TO DONATED EQUITY $ -225000
Part IV, Line 2b	Part IV, Line 2b: Explanation of escrow account liability	MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	X	TravelForCompanions
Written Policy Re T And E Expenses	true	WrittenPolicyReTAndEExpenses
Substantiation Required	true	SubstantiationRequired
Compensation Committee	X	CompensationCommittee
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	C DAVID SURFACE	NamePerson
Base Compensation Filing Org	159415	BaseCompensationFilingOrg
Bonus Filing Org	8101	BonusFilingOrg
Other Compensation Filing Org	19580	OtherCompensationFilingOrg
Deferred Comp Filing Org	12112	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	12309	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	211517	TotalCompensationFilingOrg

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	Sch J, Part I, Line 1a	Identifier
Return Reference	Part I, Line 1a: Relevant information in regards to selections on 1a.	ReturnReference

Schedule L IRS990ScheduleL

Loan Table LoanTable (27 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement	Balance DueBalanceDue
PAUL AMIRAULT
LOAN	X	$82	false	true	true
PATRICK BRADY
LOAN	X	$101,820	false	true	true	101562
SCOTT RAMSEY
LOAN	X	$1,036	false	true	true
SCOTT RAMSEY
LOAN	X	$8,250	false	true	true	5023
RICHARD BONNEVIE
LOAN	X	$20,040	false	true	true	1182
KAREN INTERBARTOLO
LOAN	X	$26	false	true	true
KAREN INTERBARTOLO
LOAN	X	$30,246	false	true	true	22561
JOHN BURKE
LOAN	X	$23,968	false	true	true	21426
C DAVID SURFACE
LOAN	X	$145,779	false	true	true	145150
STEPHEN SALVO
LOAN	X	$50,000	false	true	true	17295
STEPHEN SALVO
LOAN	X	$5,500	false	true	true
NICOLE MARKEE
LOAN	X	$2,988	false	true	true	2719
STEVEN WALSH
LOAN	X	$986	false	true	true	986
STEVEN WALSH
LOAN	X	$27,550	false	true	true	24967
STEVEN WALSH
LOAN	X		false	true	true	28318
RICHARD DRAGONE
LOAN	X		false	true	true	243670
KATHLEEN DONAHUE
LOAN	X	$16,350	false	true	true	15566
STEVEN WALSH
LOAN	X	$113,000	false	true	true	108607
STEPHEN SALVO
LOAN	X	$533,850	false	true	true	533115
NICOLE MARKEE
EQUITY LOAN	X	$270,000	false	true	true	258919
KATHRYN MACDONALD
LOAN	X	$257,000	false	true	true	231465
LINDA LEBLANC
LOAN	X	$80,000	false	true	true	77724
KAREN INTERBARTOLO
LOAN	X	$114,500	false	true	true	107437
RICHARD DRAGONE
LOAN	X	$309,600	false	true	true	278439
PHILLIP DOYLE
LOAN	X	$140,000	false	true	true	136327
PHILLIP DOYLE
LOAN	X	$268,000	false	true	true	211054
KATHLEEN DONAHUE
LOAN	X	$359,650	false	true	true	325733

Field	Value	IRS element (for citing)
Total Balance Due	2899245	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	Information is posted in the lobby at branch locations and available upon request. The information is updated on a monthly basis after the board meets each month.
Form 990, Part VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. SENIOR MANAGMENT IS DETERMINED BY INCREASE SET FORTH FOR STAFF AND APPROVED BY THE BOARD OF DIRECTORS. SALARY SURVEYS, INDUSTRY TRENDS AND EARNINGS ARE ALL TAKEN INTO CONSIDERATION.
Form 990, Part VI, Line 12c	Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	Employees and Staff receive a new copy of the policy yearly. Signed acknowledgements are kept on file.
Form 990, Part VI, Line 11	Form 990, Part VI, Line 11: Form 990 Review Process	Once received the 990 will be reviewed by the CEO and directors. Due to filing deadlines, the 990 may be reviewed by the board of directors subsequent to filing. The review is documented in the minutes.
Form 990, Part VI, Line 7b	Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders	Any changes to the incorporating documents, i.e. Bylaws are approved by the membership.
Form 990, Part VI, Line 7a	Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body	Each member has a vote at the election of the board of directors.
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.