2023-11-06T14:47:37-05:00 2022-12-31 472604526 GARVEY STEELE & BANCROFT LLP PO BOX 397 MYSTIC CT 063550397 990 2022-01-01 041103180 CITY OF BOSTON CREDIT UNION CITY 6176352471 455 WEST BROADWAY SOUTH BOSTON MA 02127 CECIL JONES CHAIRPERSON 6176354545 2023-10-30 true CECIL JONES 999009999 false NANETTE A BANCROFT CPA P01315598 8605369831 2023-10-31 2022 2023-04-26 12:10:37Z CECIL JONES 455 WEST BROADWAY SOUTH BOSTON MA 02127 23321757 false X WWW.CITYOFBOSTONCU.COM X 1915 MA CREDIT UNION - THRIFT SERVICES 14 11 95 11 42579 0 17754628 18637092 2428358 2063293 2739572 2168859 22922558 22869244 15000 15000 0 7175766 7599971 0 0 13905336 14067656 21096102 21682627 1826456 1186617 650816767 674850893 599040225 639272398 51776542 35578495 X CREDIT UNION - THRIFT SERVICES false false 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. EXPENSES APPLIED AGAINST NON MEMBER ATM FEE INCOME. false false false false false false false true false true false false false true true true false false false false false false false false false false false true true false false false false true false false false false false false false false false true 17704 0 true 95 true true true false false false false false false false X 14 11 false false false false true true false true true false true true true true true true true false true true false MA X X CITY OF BOSTON CRDIT UNION CITY OF BOSTON CREDIT UNION 6176354545 ONE UNION STREET ONE UNION STREET BOSTON MA 02108 NEIL GORDON CEO/PRESIDEN 40.00 X 359451 0 43787 CATHERINE MULLEN INTERIM CEO 40.00 X 202545 0 49740 ROBERT MCCAULEY VP OF LENDIN 40.00 X 164942 0 42210 KARLA MCCARRON VP OF MARKET 40.00 X 156038 0 44937 CAROL DONOVAN HR MANAGER 40.00 X 136572 0 43138 JAMES CARDEN CONSUMER LOA 40.00 X 119944 0 38396 AUDREY WALKER OPERATIONS M 40.00 X 106963 0 43885 JEREMY PARKER CFO (THROUGH 40.00 X 80578 0 23249 KERIAN BASZKIEWICZ BRANCH MANAG 40.00 X 103349 0 0 COLEMAN FLAHERTY CFO 40.00 X X 80994 0 14965 JASBIR SANDHU VP DEPOSIT O 40.00 X 24710 0 7629 BRIAN GILL SECRETARY 5.00 X X 11700 0 216 GREGORY ROONEY CHAIRPERSON 5.00 X X 11700 0 216 THOMAS TINLIN TREASURER 5.00 X X 11700 0 216 MARK BERNARD DIRECTOR 5.00 X 0 0 216 SUSAN CONNOLLY DIRECTOR 5.00 X 0 0 216 JAMES DRISCOLL DIRECTOR 5.00 X 0 0 216 STEPHEN GREEN DIRECTOR 5.00 X 0 0 216 CECIL JONES CHAIRPERSON 5.00 X 0 0 216 KEVIN LINSKEY DIRECTOR 5.00 X 0 0 216 NEIL MCGONAGLE DIRECTOR 5.00 X 0 0 216 MATTHEW MORONEY DIRECTOR 5.00 X 0 0 216 TIMOTHY SMYTH DIRECTOR 5.00 X 0 0 216 CHRISTOPHER STOCKBRIDGE DIRECTOR 5.00 X 0 0 216 1571186 354744 8 false true false 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 7129368 CONNECTICUT ONLINE CONNECTICUT ONLINE 105 DARLING DR 135 DARLING DR AVON CT 06001 DATA PROCESSOR 1964155 BLUE CROSS BLUE SHIELD BLUE CROSS BLUE SHIELD BOX 371318 BOX 371318 PITTSBURGH PA 15250 HEALTH INS 1370179 ONE UNION STREET LTD PARTNERSHIP ONE UNION STREET LTD PARTNERSHIP OLD CITY HALL OLD CITY CALL PORTSMOUTH NH 03801 RENT 357110 BOSTON SYMPHONY ORCHESTRA BOSTON SYMPHONY ORCHESTRA 301 MASSACHUSETTS AVENUE 301 MASSACHUSETTS AVENUE BOSTON MA 02115 RENT 326592 14 INTEREST ON LOANS 18368595 18368595 OTHER INCOME 229482 229482 RENTAL INCOME 39015 39015 18637092 2057252 2057252 458554 452513 6041 6041 6041 MEMBER SERVICE FEES 522100 2126280 2126280 NON MEMBER ATM INCOME 522100 42579 42579 2168859 22869244 22826665 42579 15000 1532173 3479407 655344 1453141 479906 1771195 727067 1839762 1617854 74949 3476033 985437 134762 PROVISION FOR LOAN LOSSES 865464 LOAN SERVICING 697563 PROFESSIONAL FEES 682711 ATM EXPENSE - MEMBER 558975 635884 21682627 0 0 0 32761634 12559970 33796025 14640000 403350258 474776485 388150 269349 27990010 6140845 15572231 21849165 154694247 132160699 492700 3405500 9761522 15189725 650816767 674850893 3001414 9322666 407543 416048 75000000 595631268 554533684 599040225 639272398 X 51776542 35578495 51776542 35578495 650816767 674850893 1186617 -17384664 X false true X true false false true X 3243925 3243925 16664051 1833254 14830797 5424125 2973093 2451032 2657909 1334498 1323411 21849165 MEMBERS' SHARE & SAVINGS ACCOUNTS 554533684 554533684 X 22869244 22869244 22869244 21682627 21682627 21682627 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. false SCHOLARSHIPS 15 15000 X true true X X X X false false false NEIL GORDON CEO/PRESIDENT 359451 16298 27489 403238 CATHERINE MULLEN INTERIM CEO 202545 24000 25740 252285 ROBERT MCCAULEY VP OF LENDING 164942 17500 24710 207152 KARLA MCCARRON VP OF MARKETING 156038 17500 27437 200975 CAROL DONOVAN HR MANAGER 136572 17500 25638 179710 JAMES CARDEN CONSUMER LOAN MGR 119944 13000 25396 158340 AUDREY WALKER OPERATIONS MANAGER 106963 13000 30885 150848 PAMELA LINSKEY SISTER CLOSING ATTORNEY false SCHEDULE L, PART V REGARDING BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: THE CLOSING ATTORNEY IS COMPENSATED BY THE MEMBER AT LOAN CLOSING, NOT BY THE CREDIT UNION. 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.