SEAPORT CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SEAPORT CREDIT UNION (EIN 04-2015276)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-11
IRS object ID: 201231329349301213
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 L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-11T08:08:59-07:00	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	042015276	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	SEAP	NameControl
Phone	9787441153	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	336 LAFAYETTE STREET	AddressLine1
City	SALEM	City
State	MA	State
ZIP Code	01970	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	PATRICIA WARREN	Name
Title	President & CEO	Title
Date Signed	2012-05-11	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	4466347	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	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	18	TotalNbrEmployees
Total Nbr Volunteers	8	TotalNbrVolunteers
Total Gross UBI	3671	TotalGrossUBI
Net Unrelated Business Txbl Income	-2396	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1860973	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1606019	ProgramServiceRevenueCY
Investment Income Prior Year	462802	InvestmentIncomePriorYear
Investment Income Current Year	444444	InvestmentIncomeCurrentYear
Other Revenue Prior Year	304350	OtherRevenuePriorYear
Other Revenue Current Year	266935	OtherRevenueCurrentYear
Total Revenue Prior Year	2628125	TotalRevenuePriorYear
Total Revenue Current Year	2317398	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	778166	SalariesEtcPriorYear
Salaries Etc Current Year	816066	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1756175	OtherExpensePriorYear
Other Expenses Current Year	1551714	OtherExpensesCurrentYear
Total Expenses Prior Year	2534341	TotalExpensesPriorYear
Total Expenses Current Year	2367780	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	93784	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-50382	RevenuesLessExpensesCY
Total Assets BOY	58257753	TotalAssetsBOY
Total Assets EOY	58393237	TotalAssetsEOY
Total Liabilities BOY	48986736	TotalLiabilitiesBOY
Total Liabilities EOY	49143953	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	9271017	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	9249284	NetAssetsOrFundBalancesEOY
Mission Description	CREDIT UNION- THRIFT SERVICES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	294424	Expense
Description	MAINTENANCE OF MEMBERS' SHARE AND DEPOSIT ACCOUNTS AND THE PAYMENT OF INTEREST THEREON. NUMBER OF ACCOUNTS 5,864.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Revenue	1606019	Revenue
Description	MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF ACCOUNTS 1,074.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	294424	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	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	1087	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	18	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	9	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
Policies Reference Chapters	false	PoliciesReferenceChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	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	PATRICIA WARREN	NamePerson
Telephone Number	9787441153	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	336 LAFAYETTE STREET	AddressLine1
City	SALEM	City
State	MA	State
ZIP Code	01970	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
ROBERT G SPYCHALSKI
Director	1.00	X	0	0	0
LAWRENCE RAUSCH
Director	1.00	X	0	0	0
MARCEL NADEAU
Director	1.50	X	0	0	0
PATRICIA WARREN
President & CEO	40.00	X	120512	0	20621	X
PAUL LEVESQUE
2nd ViceChairma	1.00	X	0	0	0	X
DAVID LAMONTAGNE
Chairman	1.50	X	0	0	0	X
PATRICIA LABRIE
Director	1.00	X	0	0	0
J RICHARD JULIEN
Treasurer	2.00	X	0	0	0	X
PETER HOMAN
1st Vice Chair	1.00	X	0	0	0	X
WILLIAM A KEANE
CFO	40.00		96659	0	24013	X
PATRICIA TARR
OPERATIONS MGR	40.00		61703	0	15392	X
ANN MARIE WAUGH
VP LENDING	40.00		77017	0	16894	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	355891	TotalReportableCompFromOrg
Total Other Compensation	76920	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 (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
RAOUST & PARTNERS
516 SETTLERS LANDING ROAD	HAMPTON	VA	23669	consulting	287937
NORTH POINT
94 RIVER ROAD	HUDSON	NH	03051	construction service	305553
FISERV
75 REMITTANCE DRIVE SUITE 6974	CHICAGO	IL	60675	DATA PROCESSOR	161977

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	1606019	TotalRevenueColumn
Related Or Exempt Function Income	1606019	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	1606019	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	366720	TotalRevenueColumn
Related Or Exempt Function Income	366720	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)
Securities	1247720	Securities
Other	978953	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	1205882	Securities
Other	943067	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	41838	Securities
Other	35886	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	77724	TotalRevenueColumn
Related Or Exempt Function Income	77724	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 (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
OTHER INCOME	259125	259125
ATM INCOME	7810	4139	3671

Field	Value	IRS element (for citing)
Total Other Revenue	266935	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2317398	TotalRevenueColumn
Related Or Exempt Function Income	2313727	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	3671	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	430678	Total
Management And General	430678	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	308116	Total
Management And General	308116	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	4124	Total
Management And General	4124	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	16978	Total
Management And General	16978	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	56170	Total
Management And General	56170	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	13200	Total
Management And General	13200	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	145906	Total
Management And General	145906	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	79413	Total
Management And General	79413	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	194935	Total
Management And General	194935	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	73446	Total
Management And General	73446	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	27218	Total
Management And General	27218	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	553904	Total
Program Services	294424	ProgramServices
Management And General	259480	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	70543	Total
Management And General	70543	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	13071	Total
Management And General	13071	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
PROVISION FOR LOAN LOSSES	36000	36000
PROFESSIONAL FEES	64990	64990
NCUA STABILIZATION EXPENSE	84782	84782
LOAN SERVICING	45499	45499
ATM EXPENSE	53400	53400

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	95407	Total
Management And General	95407	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2367780	Total
Program Services	294424	ProgramServices
Management And General	2073356	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	568965	BOY
EOY	381379	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	18728656	BOY
EOY	16536290	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	637062	BOY
EOY	558441	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	33184335	BOY
EOY	33021025	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	40966	BOY
EOY	63495	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1959217	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	734983	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	635702	BOY
EOY	1224234	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	3948057	BOY
EOY	5528731	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	514010	BOY
EOY	1079642	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	58257753	BOY
EOY	58393237	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	100665	BOY
EOY	118742	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	107754	BOY
EOY	110759	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	14000000	BOY
EOY	14000000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	34778317	BOY
EOY	34914452	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	48986736	BOY
EOY	49143953	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	9271017	BOY
EOY	9249284	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	9271017	BOY
EOY	9249284	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	58257753	BOY
EOY	58393237	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-50382	ReconcilationRevenueExpenses
Reconcilation Other Changes	28649	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	75000	OtherCostOrOtherBasis
Book Value	75000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1004054	OtherCostOrOtherBasis
Depreciation	559235	Depreciation
Book Value	444819	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	34550	OtherCostOrOtherBasis
Depreciation	5562	Depreciation
Book Value	28988	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	845613	OtherCostOrOtherBasis
Depreciation	170186	Depreciation
Book Value	675427	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1224234	TotalOfBookValueLandBuildings
Total Of Book Value Securities	5528731	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
OTHER LIABILITIES	$168,844
MEMBER SHARES AND DEPOSIT ACCOUNTS	$34,745,608

Field	Value	IRS element (for citing)
Total Of Amounts	34914452	TotalOfAmounts
Total Revenue	2317398	TotalRevenue
Total Expenses	2367780	TotalExpenses
Excess Or Deficit For Year	-50382	ExcessOrDeficitForYear
Other	$28,649	OtherAmount
Total Adjustments	28649	TotalAdjustments
Excess Or Deficit Per FS	-21733	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	2317398	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	2317398	RevenueSubtotal
Total Revenue Per Form990	2317398	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2367780	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	2367780	ExpensesSubtotal
Total Expenses Per Form990	2367780	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 $28649
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 L IRS990ScheduleL

Loan Table LoanTable (15 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
WILLIAM KEANE
AUTO	X	$4,014	2806	false	true	true
J RICHARD JULIEN
CREDIT CARD	X	$10,000	1212	false	true	true
LAWRENCE RAUSCH
AUTO	X	$16,315	8316	false	true	true
WILLIAM KEANE
AUTO LOAN	X	$21,025	11378	false	true	true
ROBERT SPYCHALSKI
AUTO	X	$32,013	26039	false	true	true
MARCEL R NADEAU
CREDIT CARD	X	$10,000	2527	false	true	true
MARCEL R NADEAU
AUTO	X	$19,025		false	true	true
MARCEL R NADEAU
HOME EQUITY	X	$25,000		false	true	true
MARCEL R NADEAU
MORTGAGE	X	$250,000	210127	false	true	true
PAUL P LEVESQUE
CREDIT CARD	X	$10,000	291	false	true	true
PAUL P LEVESQUE
HOME EQUITY	X	$130,000	90171	false	true	true
PAUL P LEVESQUE
MORTGAGE	X	$108,000	62824	false	true	true
J RICHARD JULIEN
MORTGAGE	X	$152,000	113028	false	true	true
J RICHARD JULIEN
MORTGAGE	X	$82,000	25236	false	true	true
PATRICIA A WARREN
OVERDRAFT	X	$5,000	4486	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	558441	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 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 credit union lobby and 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	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 11	Form 990, Part VI, Line 11: Form 990 Review Process	RESULTS OF THE 990 ARE REVIEWED WITH THE AUDIT COMMITTEE.
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.