2012-05-11T08:08:59-07:00 2011-12-31 ROBERT ANDERSON & COMPANY PC 138 DODGE ST BEVERLY MA 019151866 990 2011-01-01 042015276 SEAPORT CREDIT UNION SEAP 9787441153 336 LAFAYETTE STREET SALEM MA 01970 PATRICIA WARREN 2012-05-11 true Robert Anderson 9782329300 2011 2016-02-24 21:20:13Z 4466347 false false X N/A CREDIT UNION- THRIFT SERVICES 9 8 18 8 3671 -2396 0 1860973 1606019 462802 444444 304350 266935 2628125 2317398 0 0 778166 816066 0 0 1756175 1551714 2534341 2367780 93784 -50382 58257753 58393237 48986736 49143953 9271017 9249284 CREDIT UNION- THRIFT SERVICES false false 294424 MAINTENANCE OF MEMBERS' SHARE AND DEPOSIT ACCOUNTS AND THE PAYMENT OF INTEREST THEREON. NUMBER OF ACCOUNTS 5,864. 1606019 MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF ACCOUNTS 1,074. 294424 false false false false false false false false true false true true false false true false true false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 1087 0 true 18 true true true false false false false false false false false false false false false false X 9 8 false false false false true true false true true false false false true false false false true true true true false false X PATRICIA WARREN 9787441153 336 LAFAYETTE STREET SALEM MA 01970 ROBERT G SPYCHALSKI 1.00 X 0 0 0 LAWRENCE RAUSCH 1.00 X 0 0 0 MARCEL NADEAU 1.50 X 0 0 0 PATRICIA WARREN 40.00 X X 120512 0 20621 PAUL LEVESQUE 1.00 X X 0 0 0 DAVID LAMONTAGNE 1.50 X X 0 0 0 PATRICIA LABRIE 1.00 X 0 0 0 J RICHARD JULIEN 2.00 X X 0 0 0 PETER HOMAN 1.00 X X 0 0 0 WILLIAM A KEANE 40.00 X 96659 0 24013 PATRICIA TARR 40.00 X 61703 0 15392 ANN MARIE WAUGH 40.00 X 77017 0 16894 355891 76920 1 false false false 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 3 0 INTEREST ON LOANS 1606019 1606019 1606019 366720 366720 0 0 0 1247720 978953 1205882 943067 41838 35886 77724 77724 0 0 0 OTHER INCOME 259125 259125 ATM INCOME 7810 4139 3671 266935 2317398 2313727 3671 0 0 0 0 430678 430678 0 308116 308116 4124 4124 16978 16978 56170 56170 0 0 13200 13200 0 0 0 0 145906 145906 79413 79413 194935 194935 0 73446 73446 0 0 27218 27218 553904 294424 259480 0 70543 70543 13071 13071 PROVISION FOR LOAN LOSSES 36000 36000 PROFESSIONAL FEES 64990 64990 NCUA STABILIZATION EXPENSE 84782 84782 LOAN SERVICING 45499 45499 ATM EXPENSE 53400 53400 95407 95407 2367780 294424 2073356 0 568965 381379 18728656 16536290 0 0 637062 558441 0 33184335 33021025 0 40966 63495 1959217 734983 635702 1224234 0 3948057 5528731 0 0 514010 1079642 58257753 58393237 100665 118742 107754 110759 14000000 14000000 34778317 34914452 48986736 49143953 X 9271017 9249284 9271017 9249284 58257753 58393237 X -50382 28649 X false true true X false false false true 75000 75000 1004054 559235 444819 34550 5562 28988 845613 170186 675427 1224234 5528731 OTHER LIABILITIES 168844 MEMBER SHARES AND DEPOSIT ACCOUNTS 34745608 34914452 2317398 2367780 -50382 28649 28649 -21733 2317398 2317398 2317398 2367780 2367780 2367780 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. WILLIAM KEANE AUTO X 4014 2806 false true true J RICHARD JULIEN CREDIT CARD X 10000 1212 false true true LAWRENCE RAUSCH AUTO X 16315 8316 false true true WILLIAM KEANE AUTO LOAN X 21025 11378 false true true ROBERT SPYCHALSKI AUTO X 32013 26039 false true true MARCEL R NADEAU CREDIT CARD X 10000 2527 false true true MARCEL R NADEAU AUTO X 19025 false true true MARCEL R NADEAU HOME EQUITY X 25000 false true true MARCEL R NADEAU MORTGAGE X 250000 210127 false true true PAUL P LEVESQUE CREDIT CARD X 10000 291 false true true PAUL P LEVESQUE HOME EQUITY X 130000 90171 false true true PAUL P LEVESQUE MORTGAGE X 108000 62824 false true true J RICHARD JULIEN MORTGAGE X 152000 113028 false true true J RICHARD JULIEN MORTGAGE X 82000 25236 false true true PATRICIA A WARREN OVERDRAFT X 5000 4486 false true true 558441 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.