MASSACHUSETTS STATE EMPLOYEES CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: MASSACHUSETTS STATE EMPLOYEES CREDIT UNION (EIN 04-1866740)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-06
IRS object ID: 201242199349300629
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	2012-08-06T08:56:33-07:00	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	041866740	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MASSACHUSETTS STATE EMPLOYEES	BusinessNameLine1
Business Name Line2	CREDIT UNION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	MASS	NameControl
Phone	6177235555	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 CENTER PLAZA	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02108	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ROBERT McDONALD	Name
Title	VP of Finance	Title
Date Signed	2012-08-06	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	4363281	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
State Legal Domicile	MA	StateLegalDomicile
Activity Or Mission Description	CREDIT UNION - THRIFT SERVICES	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	24	TotalNbrEmployees
Total Nbr Volunteers	9	TotalNbrVolunteers
Total Gross UBI	88988	TotalGrossUBI
Net Unrelated Business Txbl Income	-35310	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3489188	ProgramServiceRevenuePriorYear
Program Service Revenue CY	2712788	ProgramServiceRevenueCY
Investment Income Prior Year	301715	InvestmentIncomePriorYear
Investment Income Current Year	436832	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1412888	OtherRevenuePriorYear
Other Revenue Current Year	1213661	OtherRevenueCurrentYear
Total Revenue Prior Year	5203791	TotalRevenuePriorYear
Total Revenue Current Year	4363281	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1764846	SalariesEtcPriorYear
Salaries Etc Current Year	1642926	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4542409	OtherExpensePriorYear
Other Expenses Current Year	3162217	OtherExpensesCurrentYear
Total Expenses Prior Year	6307255	TotalExpensesPriorYear
Total Expenses Current Year	4805143	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-1103464	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-441862	RevenuesLessExpensesCY
Total Assets BOY	72738210	TotalAssetsBOY
Total Assets EOY	67015349	TotalAssetsEOY
Total Liabilities BOY	66833562	TotalLiabilitiesBOY
Total Liabilities EOY	61372206	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	5904648	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	5643143	NetAssetsOrFundBalancesEOY
Mission Description	CREDIT UNION - THRIFT SERVICES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	371909	Expense
Description	MAINTENANCE OF MEMBER SHARES AND DEPOSITS AND THE INVESTMENT OF SAID FUNDS AT FAVORABLE INTEREST RATES. NUMBER OF ACCOUNTS 22,079.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Revenue	2712788	Revenue
Description	MAKING OF LOANS TO MEMBERS AT MARKET RATES OF INTEREST. NUMBER OF ACCOUNTS 3,500.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	371909	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	2189	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	24	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	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	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	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	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	ROBERT McDONALD	NamePerson
Telephone Number	6177235555	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1 CENTER PLAZA	AddressLine1
City	BOSTON	City
State	MA	State
ZIP Code	02108	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
RALPH W WHITE
Treasurer	1.50	X	X	0	0	0
JAMES VIEIRA
Director	1.50	X		0	0	0
KATHY SHEPPARD
Director	1.50	X		0	0	0
ROBERT A POWILATIS
Director	1.50	X	X	0	0	0
JAMES MACDONALD
Director	1.50	X		0	0	0
DONNA LEE
Chairman	5.00	X	X	0	0	0
JANET GRANFIELD
Secretary	1.50	X	X	0	0	0
DAVID W GAVIGAN
Director	1.50	X		0	0	0
RICHARD P CONNAUGHTON
1ST VICE PRES.	1.50	X	X	0	0	0
JOHN J MORRISSEY
President & CEO	40.00	X	X	163622	0	0
CLAIRE SHEEHAN
OPERATIONS OFFI	40.00		X	65835	0	3772
EDWARD W CONNORS
COO	40.00		X	90790	0	10092
SUSAN KELLEY
FINANCIAL OFFIC	40.00		X	78434	0	3772
ROBERT McDONALD
VP of Finance	40.00		X	115343	0	10092

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	514024	TotalReportableCompFromOrg
Total Other Compensation	27728	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
PSCU
560 CARILLON PARKWAY	ST PETERSBURG	FL	33716	CREDITCARD	315025
HARVARD COMMUNITY HEALTH PLAN
PO BOX 790050	BOSTON	MA	022970050	HEALTH/DENTAL INSURA	164346
CU SOUTH
1060 SPRINGHILL AVENUE	MOBILE	AL	36604	DATA PROCESSOR	348407

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	2712788	TotalRevenueColumn
Related Or Exempt Function Income	2712788	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	2712788	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	436832	TotalRevenueColumn
Related Or Exempt Function Income	436832	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	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
SERVICE CHARGES & FEES	961910	961910
OTHER INCOME	162763	162763
NON MEMBER ATM FEE INCOME	88988		88988

Field	Value	IRS element (for citing)
Total Other Revenue	1213661	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	4363281	TotalRevenueColumn
Related Or Exempt Function Income	4274293	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	88988	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	541752	Total
Management And General	541752	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	758844	Total
Management And General	758844	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	38931	Total
Management And General	38931	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	196721	Total
Management And General	196721	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	106678	Total
Management And General	106678	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	-5392	Total
Management And General	-5392	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	22384	Total
Management And General	22384	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	26472	Total
Management And General	26472	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	119215	Total
Management And General	119215	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	267758	Total
Management And General	267758	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	465481	Total
Management And General	465481	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	15985	Total
Management And General	15985	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	371909	Total
Program Services	371909	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	84717	Total
Management And General	84717	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	26205	Total
Management And General	26205	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
PROVISION FOR LOAN LOSSES	902245	902245
Postage and Shipping	72279	72279
NCUSIF STABILIZATION	160031	160031
LOAN SERVICING	186516	186516
DEBIT CARD	254876	254876

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	191536	Total
Management And General	191536	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4805143	Total
Program Services	371909	ProgramServices
Management And General	4433234	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	326868	BOY
EOY	357129	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	29453979	BOY
EOY	24332825	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	212705	BOY
EOY	145727	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	38554526	BOY
EOY	29472774	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	49964	BOY
EOY	52200	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	826892	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	634395	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	274179	BOY
EOY	192497	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	2304547	BOY
EOY	9519110	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	1561442	BOY
EOY	2943087	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	72738210	BOY
EOY	67015349	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	217343	BOY
EOY	307831	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	42903	BOY
EOY	52514	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	66573316	BOY
EOY	61011861	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	66833562	BOY
EOY	61372206	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	5904648	BOY
EOY	5643143	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5904648	BOY
EOY	5643143	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	72738210	BOY
EOY	67015349	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-441862	ReconcilationRevenueExpenses
Reconcilation Other Changes	180357	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

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	186622	OtherCostOrOtherBasis
Depreciation	107858	Depreciation
Book Value	78764	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	640270	OtherCostOrOtherBasis
Depreciation	526537	Depreciation
Book Value	113733	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	192497	TotalOfBookValueLandBuildings
Total Of Book Value Securities	9519110	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
OTHER LIABILITIES	-$18,839
MEMBER SHARES AND DEPOSIT ACCOUNTS	$61,030,700

Field	Value	IRS element (for citing)
Total Of Amounts	61011861	TotalOfAmounts
Total Revenue	4363281	TotalRevenue
Total Expenses	4805143	TotalExpenses
Excess Or Deficit For Year	-441862	ExcessOrDeficitForYear
Other	$180,357	OtherAmount
Total Adjustments	180357	TotalAdjustments
Excess Or Deficit Per FS	-261505	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	4363281	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	4363281	RevenueSubtotal
Total Revenue Per Form990	4363281	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	4805143	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	4805143	ExpensesSubtotal
Total Expenses Per Form990	4805143	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	Part XI, Line 8	Identifier
Return Reference	Part XI, Line 8: Other Changes in Net Assets or Fund Balances	ReturnReference
Explanation	CHANGE IN FMV ON AVAILABLE FOR SALE SECURITIES $180357	Explanation

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
Independent Consultant	X	IndependentConsultant
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
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	JOHN J MORRISSEY	NamePerson
Base Compensation Filing Org	163622	BaseCompensationFilingOrg
Total Compensation Filing Org	163622	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 (5 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
KATHY SHEPPARD-FISHER
MORTGAGE	X	$101,250	93065	false	true	true
JAMES MACDONALD
MORTGAGE	X	$87,000	29461	false	true	true
JAMES MACDONALD
LOAN	X	$19,183	8901	false	true	true
JANET GRANFIELD
MORTGAGE	X		627	false	true	true
EDWARD CONNORS
USED AUTO	X	$13,460	13673	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	145727	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's 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	INDUSTRY STANDARD SURVEY FROM CUES (CREDIT UNION EXECUTIVE SOCIETY COMPENSATION SURVEY), CUNA SURVEY, MASS CREDIT UNION LEAGUE SURVEY.
Form 990, Part VI, Line 11	Form 990, Part VI, Line 11: Form 990 Review Process	CU IS MERGING WITH METRO CREDIT UNION ON 9/1/12.
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.