2011-05-02T08:08:45-07:00 2010-12-31 ROBERT ANDERSON & COMPANY PC 138 DODGE ST BEVERLY MA 019151866 990 2010-01-01 041126132 BROTHERHOOD CREDIT UNION BROT 7815985555 75 MARKET STREET LYNN MA 01901 JAMES J SHERMAN 2011-05-02 2010 2016-02-24 21:20:13Z 3561407 false false X N/A CREDIT UNION MEMBER SERVICES 9 8 22 8 2694 -9483 0 2222391 2205405 2020003 1215977 551247 134328 4793641 3555710 0 0 1350552 1346585 0 0 3002897 1962633 4353449 3309218 440192 246492 105783930 109312644 70299673 72868879 35484257 36443765 CREDIT UNION MEMBER SERVICES false false 852706 MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THEREON. NUMBER OF ACCOUNTS 7,964. 2205405 MAKING LOANS TO MEMBERS AT INTEREST. NUMBER OF ACCOUNTS 1,409. 852706 false false false false false false false false true false true false false false true false false false false false false false false false false false false false false true false false false false false false true false false false false false false false false false false false false false false true 1688 0 true 22 true true true false false false false false false false false false false false false false X 9 8 true false false false true true false true true false true true false false false false false false true true false false MA X JAMES J SHERMAN 7815985555 75 MARKET STREET LYNN MA 01901 RICHARD KESSEL 4.00 X 0 0 0 MARTIN SHUMAN 4.00 X 0 0 0 MARIA F RAMOS 40.00 X 79874 0 13611 JAMES J SHERMAN 40.00 X X X 179006 0 43078 HUBERT KREPLICK 4.00 X 0 0 0 HOWARD FIELD 4.00 X 0 0 0 EDWARD I SHADOFF 4.00 X 0 0 0 DARREN KLEIN 4.00 X 0 0 0 CHERIL A TIMSON 40.00 X 83320 0 16529 ARNOLD DUBINSKY 6.00 X X 0 0 0 ALAN KALIKOW 4.00 X 0 0 0 342200 73218 1 false true false FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING (IT) 143764 1 0 INTEREST ON LOANS 2205405 2205405 2205405 1200648 1200648 0 0 0 21026 5697 15329 15329 15329 0 0 0 SERVICE CHARGES AND FEES 47931 47931 MISCELLANEOUS INCOME 77886 77886 MEMBERS INSURANCE 5817 5817 2694 2694 134328 3555710 3553016 2694 0 0 0 0 415418 415418 0 637038 637038 94477 94477 123569 123569 76083 76083 0 3718 3718 29265 29265 0 0 0 0 98669 98669 33013 33013 166390 166390 0 166081 166081 0 0 40373 40373 852706 852706 0 72033 72033 111420 111420 Printing and Publications 19432 19432 OTHER PROFESSIONAL SERVICES 22315 22315 NOW FEES 62719 62719 NCUA IMPAIRMENT 94365 94365 EQUIPMENT MAINTENANCE 45849 45849 144285 144285 3309218 852706 2456512 0 736389 1471283 36998959 43389711 0 0 163347 150000 0 45139795 44976950 0 76205 50474 2399718 1166050 1078662 1233668 20450661 17034181 0 0 0 1139912 1006377 105783930 109312644 116538 69301 257564 282285 69925571 72517293 70299673 72868879 X 35484257 36443765 35484257 36443765 105783930 109312644 X 246492 713016 X false false false false false false true 49000 49000 1676047 796885 879162 264190 46509 217681 36694 22570 14124 373787 300086 73701 1233668 Rounding 2 OTHER LIABILITIES - SUSPENSE ACCTS -11835 MEMBER DEPOSITS 72529126 72517293 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances CHANGE IN MARKET VALUE DUE TO FAS115 $713016 CHANGE IN FMV DUE TO SFAS 115 $ -0 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. X X false false false JAMES J SHERMAN 175950 3056 26851 16227 222084 RICHARD KESSEL TERM SHARE SECURED X 100000 100000 false true true EDWARD SHADOFF HELOC X 100000 50000 false true true CHERIL A TIMSON OVERDRAFT LOAN X 1000 false true true 150000 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 COMPENSATION FOR THE CEO/TOP MANAGEMENT IS APPROVED BY THE BOARD. ANY INCREASE IS NOTED IN THE MINUTES. A COMPARISON OF THE INDUSTRY IS PERFORMED. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process THE 990 AND 990T ARE REVIEWED BY THE AUDIT COMMITTEE FIRST. THE BOARD THEN REVIEWS AND VOTES TO ACCEPT AND IT IS NOTED IN THE MINUTES. 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 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et JAMES J. SHERMAN, PRESIDENT, AND HUBERT KREPLICK, DIRECTOR, ARE BROTHERS-IN-LAW. DARREN KLEIN, DIRECTOR, IS THE SON-IN-LAW OF HUBERT KREPLICK AND THE NEPHEW OF JAMES J. SHERMAN, PRESIDENT.