CITY OF BOSTON CREDIT UNION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: CITY OF BOSTON CREDIT UNION (EIN 04-1103180)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-06
IRS object ID: 202303109349302325
Schema version: 2022v5.0
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 I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-06T14:47:37-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	472604526	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GARVEY STEELE & BANCROFT LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 397	AddressLine1Txt
City	MYSTIC	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	063550397	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	041103180	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CITY OF BOSTON CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CITY	BusinessNameControlTxt
Phone	6176352471	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	455 WEST BROADWAY	AddressLine1Txt
City	SOUTH BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02127	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CECIL JONES	PersonNm
Person Title	CHAIRPERSON	PersonTitleTxt
Phone	6176354545	PhoneNum
Signature	2023-10-30	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	CECIL	PersonFirstNm
Person Last	JONES	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	NANETTE A BANCROFT CPA	PreparerPersonNm
PTIN	P01315598	PTIN
Phone	8605369831	PhoneNum
Preparation	2023-10-31	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	CECIL JONES	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	455 WEST BROADWAY	AddressLine1Txt
City	SOUTH BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02127	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$23,321,757	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CITYOFBOSTONCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1915	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	CREDIT UNION - THRIFT SERVICES	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	95	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$42,579	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$17,754,628	PYProgramServiceRevenueAmt
CY Program Service Revenue	$18,637,092	CYProgramServiceRevenueAmt
PY Investment Income	$2,428,358	PYInvestmentIncomeAmt
CY Investment Income	$2,063,293	CYInvestmentIncomeAmt
PY Other Revenue	$2,739,572	PYOtherRevenueAmt
CY Other Revenue	$2,168,859	CYOtherRevenueAmt
PY Total Revenue	$22,922,558	PYTotalRevenueAmt
CY Total Revenue	$22,869,244	CYTotalRevenueAmt
PY Grants And Similar Paid	$15,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$15,000	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$7,175,766	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$7,599,971	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$13,905,336	PYOtherExpensesAmt
CY Other Expenses	$14,067,656	CYOtherExpensesAmt
PY Total Expenses	$21,096,102	PYTotalExpensesAmt
CY Total Expenses	$21,682,627	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,826,456	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,186,617	CYRevenuesLessExpensesAmt
Total Assets BOY	$650,816,767	TotalAssetsBOYAmt
Total Assets EOY	$674,850,893	TotalAssetsEOYAmt
Total Liabilities BOY	$599,040,225	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$639,272,398	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$51,776,542	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$35,578,495	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	CREDIT UNION - THRIFT SERVICES	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	MAINTENANCE OF MEMBERS' SHARE ACCOUNTS AND THE INVESTMENT OF SUCH FUNDS. NUMBER OF SHARE ACCOUNTS 69,148. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS 18,431.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	17704	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	95	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	Yes (true)	LocalChaptersInd
Policies Reference Chapters	Yes (true)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CITY OF BOSTON CRDIT UNION	BusinessNameLine1Txt
Business Name Line2	CITY OF BOSTON CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Phone	6176354545	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE UNION STREET	AddressLine1Txt
Address Line2	ONE UNION STREET	AddressLine2Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02108	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
NEIL GORDON
CEO/PRESIDEN	40.00	Yes (X)	$359,451	$0	$43,787
CATHERINE MULLEN
INTERIM CEO	40.00	Yes (X)	$202,545	$0	$49,740
ROBERT MCCAULEY
VP OF LENDIN	40.00	Yes (X)	$164,942	$0	$42,210
KARLA MCCARRON
VP OF MARKET	40.00	Yes (X)	$156,038	$0	$44,937
CAROL DONOVAN
HR MANAGER	40.00	Yes (X)	$136,572	$0	$43,138
JAMES CARDEN
CONSUMER LOA	40.00		$119,944	$0	$38,396	Yes (X)
AUDREY WALKER
OPERATIONS M	40.00		$106,963	$0	$43,885	Yes (X)
JEREMY PARKER
CFO (THROUGH	40.00	Yes (X)	$80,578	$0	$23,249
KERIAN BASZKIEWICZ
BRANCH MANAG	40.00		$103,349	$0	$0	Yes (X)
COLEMAN FLAHERTY
CFO	40.00	Yes (X)	$80,994	$0	$14,965		Yes (X)
JASBIR SANDHU
VP DEPOSIT O	40.00	Yes (X)	$24,710	$0	$7,629
BRIAN GILL
SECRETARY	5.00	Yes (X)	$11,700	$0	$216		Yes (X)
GREGORY ROONEY
CHAIRPERSON	5.00	Yes (X)	$11,700	$0	$216		Yes (X)
THOMAS TINLIN
TREASURER	5.00	Yes (X)	$11,700	$0	$216		Yes (X)
MARK BERNARD
DIRECTOR	5.00		$0	$0	$216		Yes (X)
SUSAN CONNOLLY
DIRECTOR	5.00		$0	$0	$216		Yes (X)
JAMES DRISCOLL
DIRECTOR	5.00		$0	$0	$216		Yes (X)
STEPHEN GREEN
DIRECTOR	5.00		$0	$0	$216		Yes (X)
CECIL JONES
CHAIRPERSON	5.00		$0	$0	$216		Yes (X)
KEVIN LINSKEY
DIRECTOR	5.00		$0	$0	$216		Yes (X)
NEIL MCGONAGLE
DIRECTOR	5.00		$0	$0	$216		Yes (X)
MATTHEW MORONEY
DIRECTOR	5.00		$0	$0	$216		Yes (X)
TIMOTHY SMYTH
DIRECTOR	5.00		$0	$0	$216		Yes (X)
CHRISTOPHER STOCKBRIDGE
DIRECTOR	5.00		$0	$0	$216		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,571,186	TotalReportableCompFromOrgAmt
Total Other Compensation	$354,744	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	8	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt	Address Line1ContractorAddress/USAddress/AddressLine1Txt	Address Line2ContractorAddress/USAddress/AddressLine2Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
NES GROUP
NES GROUP	905 S MAIN ST BLDG B STE 201	905 S MAINT ST BLDG B STE 201	MANSFIELD	MA	02048	ARCHITECT/DESIG	$7,129,368
CONNECTICUT ONLINE
CONNECTICUT ONLINE	105 DARLING DR	135 DARLING DR	AVON	CT	06001	DATA PROCESSOR	$1,964,155
BLUE CROSS BLUE SHIELD
BLUE CROSS BLUE SHIELD	BOX 371318	BOX 371318	PITTSBURGH	PA	15250	HEALTH INS	$1,370,179
ONE UNION STREET LTD PARTNERSHIP
ONE UNION STREET LTD PARTNERSHIP	OLD CITY HALL	OLD CITY CALL	PORTSMOUTH	NH	03801	RENT	$357,110
BOSTON SYMPHONY ORCHESTRA
BOSTON SYMPHONY ORCHESTRA	301 MASSACHUSETTS AVENUE	301 MASSACHUSETTS AVENUE	BOSTON	MA	02115	RENT	$326,592

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	14	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST ON LOANS	$18,368,595	$18,368,595
OTHER INCOME	$229,482	$229,482
RENTAL INCOME	$39,015	$39,015

Field	Value	IRS element (for citing)
Total Program Service Revenue	$18,637,092	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,057,252	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,057,252	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$458,554	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$452,513	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$6,041	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,041	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,041	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
MEMBER SERVICE FEES	522100	$2,126,280	$2,126,280
NON MEMBER ATM INCOME	522100	$42,579		$42,579

Field	Value	IRS element (for citing)
Other Revenue Total	$2,168,859	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$22,869,244	TotalRevenueColumnAmt
Related Or Exempt Func Income	$22,826,665	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$42,579	UnrelatedBusinessRevenueAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$15,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,532,173	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$3,479,407	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$655,344	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,453,141	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$479,906	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,771,195	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$727,067	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,839,762	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,617,854	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$74,949	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,476,033	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$985,437	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$134,762	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSSES	$865,464
LOAN SERVICING	$697,563
PROFESSIONAL FEES	$682,711
ATM EXPENSE - MEMBER	$558,975

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$635,884	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$21,682,627	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$32,761,634	BOYAmt
EOY	$12,559,970	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$33,796,025	BOYAmt
EOY	$14,640,000	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$403,350,258	BOYAmt
EOY	$474,776,485	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$388,150	BOYAmt
EOY	$269,349	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$27,990,010	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$6,140,845	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$15,572,231	BOYAmt
EOY	$21,849,165	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$154,694,247	BOYAmt
EOY	$132,160,699	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$492,700	BOYAmt
EOY	$3,405,500	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$9,761,522	BOYAmt
EOY	$15,189,725	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$650,816,767	BOYAmt
EOY	$674,850,893	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,001,414	BOYAmt
EOY	$9,322,666	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$407,543	BOYAmt
EOY	$416,048	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
EOY	$75,000,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$595,631,268	BOYAmt
EOY	$554,533,684	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$599,040,225	BOYAmt
EOY	$639,272,398	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$51,776,542	BOYAmt
EOY	$35,578,495	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$51,776,542	BOYAmt
EOY	$35,578,495	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$650,816,767	BOYAmt
EOY	$674,850,893	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,186,617	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$17,384,664	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,243,925	OtherCostOrOtherBasisAmt
Book Value	$3,243,925	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$16,664,051	OtherCostOrOtherBasisAmt
Depreciation	$1,833,254	DepreciationAmt
Book Value	$14,830,797	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,424,125	OtherCostOrOtherBasisAmt
Depreciation	$2,973,093	DepreciationAmt
Book Value	$2,451,032	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,657,909	OtherCostOrOtherBasisAmt
Depreciation	$1,334,498	DepreciationAmt
Book Value	$1,323,411	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$21,849,165	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARE & SAVINGS ACCOUNTS	Desc
Amt	$554,533,684	Amt

Field	Value	IRS element (for citing)
Total Liability	$554,533,684	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$22,869,244	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$22,869,244	RevenueSubtotalAmt
Total Revenue Per Form990	$22,869,244	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$21,682,627	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$21,682,627	ExpensesSubtotalAmt
Total Expenses Per Form990	$21,682,627	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART IV, LINE 2B	MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES DUE TO MUNICIPALITIES.
SCHEDULE D, PAGE 3, PART X	THE CREDIT UNION HAS EVALUATED ITS POSITIONS TAKEN FOR ALL OPEN YEARS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	false	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	15	RecipientCnt
Cash Grant	$15,000	CashGrantAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
NEIL GORDON
CEO/PRESIDENT	$359,451	$16,298	$27,489	$403,238
CATHERINE MULLEN
INTERIM CEO	$202,545	$24,000	$25,740	$252,285
ROBERT MCCAULEY
VP OF LENDING	$164,942	$17,500	$24,710	$207,152
KARLA MCCARRON
VP OF MARKETING	$156,038	$17,500	$27,437	$200,975
CAROL DONOVAN
HR MANAGER	$136,572	$17,500	$25,638	$179,710
JAMES CARDEN
CONSUMER LOAN MGR	$119,944	$13,000	$25,396	$158,340
AUDREY WALKER
OPERATIONS MANAGER	$106,963	$13,000	$30,885	$150,848

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Field	Value	IRS element (for citing)
Person	PAMELA LINSKEY	PersonNm

Field	Value	IRS element (for citing)
Relationship Description	SISTER	RelationshipDescriptionTxt
Transaction	CLOSING ATTORNEY	TransactionDesc
Sharing Of Revenues	false	SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE L, PART V	FormAndLineReferenceDesc
Explanation	REGARDING BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: THE CLOSING ATTORNEY IS COMPENSATED BY THE MEMBER AT LOAN CLOSING, NOT BY THE CREDIT UNION.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4D	EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME.
FORM 990, PAGE 6, PART VI, LINE 6	PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF CAPITAL
FORM 990, PAGE 6, PART VI, LINE 7A	EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS
FORM 990, PAGE 6, PART VI, LINE 11B	CFO REVIEWS THE RETURN PRIOR TO FILING FOR COMPLETENESS AND ACCURACY AND PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE AND CEO.
FORM 990, PAGE 6, PART VI, LINE 12C	BY COMMITTEE, AND THE BOARD CODE OF CONDUCT IS SIGNED BY THE BOARD ANNUALLY.
FORM 990, PAGE 6, PART VI, LINE 15A	THE BOARD'S LABOR COMMITTE REVIEWS AND APPROVES ALL PHASES OF COMPENSATION. TO DETERMINE SALARY AND COMPENSATION PACKAGES, THIRD PARTY RECRUITMENT SPECIALISTS ARE HIRED TO PROVIDE INFORMATION AND RECOMMENDATIONS RELATIVE TO INDUSTRY AVERAGE.
FORM 990, PAGE 6, PART VI, LINE 15B	THE BOARD'S LABOR COMMITTEE REVIEWS AND APPROVES ALL PHASES OF THE COMPENSATION PROCESS. POSITION SALARY RANGES ARE DEVELOPED THROUGH USE OF COMPEASE SOFTWARE. COMPEASE PROVIDES MARKET PRICES FOR JOBS THROUGH SALARY SURVEY DATA.
FORM 990, PAGE 6, PART VI, LINE 19	A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE AREA AT ALL BRANCHES. OTHER INFORMATION IS AVAILABLE UPON REQUEST.