MASSACHUSETTS STATE EMPLOYEES CREDIT UNION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: MASSACHUSETTS STATE EMPLOYEES CREDIT UNION (EIN 04-1866740)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-15
IRS object ID: 201132279349302233
Schema version: 2010v3.2
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	2011-08-15T09:54:11-07:00	Timestamp
Tax Period End Date	2010-12-31	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	2010-01-01	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	JOHN J MORRISSEY	Name
Title	President & CEO	Title
Date Signed	2011-08-15	DateSigned

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	5203791	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	13	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	12	NbrIndependentVotingMembers
Total Nbr Employees	27	TotalNbrEmployees
Total Nbr Volunteers	11	TotalNbrVolunteers
Total Gross UBI	48048	TotalGrossUBI
Net Unrelated Business Txbl Income	-79901	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3827899	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3489188	ProgramServiceRevenueCY
Investment Income Prior Year	242752	InvestmentIncomePriorYear
Investment Income Current Year	301715	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1604780	OtherRevenuePriorYear
Other Revenue Current Year	1412888	OtherRevenueCurrentYear
Total Revenue Prior Year	5675431	TotalRevenuePriorYear
Total Revenue Current Year	5203791	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1859899	SalariesEtcPriorYear
Salaries Etc Current Year	1764846	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4310402	OtherExpensePriorYear
Other Expenses Current Year	4542409	OtherExpensesCurrentYear
Total Expenses Prior Year	6170301	TotalExpensesPriorYear
Total Expenses Current Year	6307255	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-494870	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-1103464	RevenuesLessExpensesCY
Total Assets BOY	69233699	TotalAssetsBOY
Total Assets EOY	72738210	TotalAssetsEOY
Total Liabilities BOY	62251253	TotalLiabilitiesBOY
Total Liabilities EOY	66833562	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	6982446	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	5904648	NetAssetsOrFundBalancesEOY
Mission Description	CREDIT UNION - THRIFT SERVICES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	659007	Expense
Description	MAINTENANCE OF MEMBER SHARES AND DEPOSITS AND THE INVESTMENT OF SAID FUNDS AT FAVORABLE INTEREST RATES. NUMBER OF ACCOUNTS 22,813.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Revenue	3489188	Revenue
Description	MAKING OF LOANS TO MEMBERS AT MARKET RATES OF INTEREST. NUMBER OF ACCOUNTS 4,354.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	659007	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	false	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	3247	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	27	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	13	NbrVotingGoverningBodyMembers
Number Independent Voting Members	12	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	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	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 (16 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Key EmployeeKeyEmployee
SUSAN KILLORY
FINANCIAL OFFIC	40.00	X	81000	0	8128
ROBERT MINUE
Director	1.50		0	0	0	X
ROBERT McDONALD
VP of Finance	40.00	X	119250	0	15123
ROBERT A POWILATIS
Chairman	5.00	X	0	0	0	X
RICHARD P CONNAUGHTON
1ST VICE PRES.	1.50	X	0	0	0	X
RALPH W WHITE
Treasurer	1.50	X	0	0	0	X
KATHY SHEPPARD
Director	1.50		0	0	0	X
JOHN J MORRISSEY
President & CEO	40.00	X	169908	0	16819	X	X
JANET GRANFIELD
Secretary	1.50	X	0	0	0	X
JAMES VIEIRA
Director	1.50		0	0	0	X
JAMES MACDONALD
Director	1.50		0	0	0	X
EDWARD W CONNORS
COO	40.00	X	99194	0	14522
DONNA LEE
2ND VICE PRES.	1.50	X	0	0	0	X
DAVID W GAVIGAN
Director	1.50		0	0	0	X
CLAIRE SHEEHAN
OPERATIONS OFFI	40.00	X	67525	0	10422
ARTHUR DESROCHER
Director	1.50		0	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	536877	TotalReportableCompFromOrg
Total Other Compensation	65014	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	173083
CU SOUTH
1060 SPRINGHILL AVENUE	MOBILE	AL	36604	DATA PROCESSOR	289206
BLUE CROSSBLUE SHIELD OF MASSACHUSETTS
LANDMARK CENTER- 401 PARK DRIVE	BOSTON	MA	02215	HEALTH/DENTAL INSURA	190659

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	3489188	TotalRevenueColumn
Related Or Exempt Function Income	3489188	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	3489188	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	301715	TotalRevenueColumn
Related Or Exempt Function Income	301715	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	1128159	1128159
OTHER INCOME	236681	236681
NON MEMBER ATM FEE INCOME	48048		48048

Field	Value	IRS element (for citing)
Total Other Revenue	1412888	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	5203791	TotalRevenueColumn
Related Or Exempt Function Income	5155743	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	48048	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	601891	Total
Management And General	601891	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	815343	Total
Management And General	815343	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	56277	Total
Management And General	56277	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	178707	Total
Management And General	178707	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	112628	Total
Management And General	112628	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	3636	Total
Management And General	3636	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	30856	Total
Management And General	30856	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	64059	Total
Management And General	64059	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	162428	Total
Management And General	162428	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	272194	Total
Management And General	272194	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	418621	Total
Management And General	418621	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	43050	Total
Management And General	43050	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	659007	Total
Program Services	659007	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	118096	Total
Management And General	118096	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	24340	Total
Management And General	24340	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
PROVISION FOR LOAN LOSSES	1926061	1926061
Postage and Shipping	85314	85314
NCUSIF STABILIZATION	166060	166060
LOAN SERVICING	220519	220519
DEBIT CARD	170989	170989

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	177179	Total
Management And General	177179	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6307255	Total
Program Services	659007	ProgramServices
Management And General	5648248	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	926223	BOY
EOY	326868	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	17492862	BOY
EOY	29453979	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	120531	BOY
EOY	212705	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	45817712	BOY
EOY	38554526	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	67173	BOY
EOY	49964	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	823856	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	549677	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	377025	BOY
EOY	274179	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	2825678	BOY
EOY	2304547	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	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	1606495	BOY
EOY	1561442	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	69233699	BOY
EOY	72738210	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	216602	BOY
EOY	217343	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	185471	BOY
EOY	42903	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	61849180	BOY
EOY	66573316	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	62251253	BOY
EOY	66833562	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	6982446	BOY
EOY	5904648	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6982446	BOY
EOY	5904648	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	69233699	BOY
EOY	72738210	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-1103464	ReconcilationRevenueExpenses
Reconcilation Other Changes	25666	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	87794	Depreciation
Book Value	98828	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	637234	OtherCostOrOtherBasis
Depreciation	461883	Depreciation
Book Value	175351	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	274179	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
OTHER LIABILITIES	$11,485
MEMBER SHARES AND DEPOSIT ACCOUNTS	$66,561,831

Field	Value	IRS element (for citing)
Total Of Amounts	66573316	TotalOfAmounts
Total Revenue	5203791	TotalRevenue
Total Expenses	6307255	TotalExpenses
Excess Or Deficit For Year	-1103464	ExcessOrDeficitForYear
Other	$25,666	OtherAmount
Total Adjustments	25666	TotalAdjustments
Excess Or Deficit Per FS	-1077798	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	5203791	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	5203791	RevenueSubtotal
Total Revenue Per Form990	5203791	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	6307255	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	6307255	ExpensesSubtotal
Total Expenses Per Form990	6307255	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 $25666	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	169908	BaseCompensationFilingOrg
Deferred Comp Filing Org	15292	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	1527	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	186727	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 (9 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
ROBERT MINUE
LOAN	X	$15,185	4302	false	true	true
KATHY SHEPPARD-FISHER
MORTGAGE	X	$101,250	98049	false	true	true
THOMAS WADE
CREDIT CARD	X	$10,000	1774	false	true	true
JAMES MACDONALD
MORTGAGE	X	$87,000	37518	false	true	true
JAMES MACDONALD
HOME EQUITY	X	$90,000	11679	false	true	true
SUSAN KILLORY
USED AUTO	X	$25,035	1976	false	true	true
JANET GRANFIELD
MORTGAGE	X	$80,000	39559	false	true	true
EDWARD CONNORS
USED AUTO	X	$16,944	16588	false	true	true
EDWARD CONNORS
USED AUTO	X	$4,615	1260	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	212705	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 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	THE BOARD WILL REVIEW THE 990 AND RECORD IT IN THE MINUTES BEFORE FILING. THE REVIEW PROCESS INCLUDES, MANAGEMENT REVIEW, AUDIT COMMITTEE REVIEW AND BOARD OF DIRECTORS REVIEW.
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.
Form 990, Part VI, Line 3	Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company	INVESTMENT DECISIONS, BRICK & ASSOCIATES, INC.