2023-10-31T15:08:59-04:00 2022-12-31 472604526 GARVEY STEELE & BANCROFT LLP PO BOX 397 MYSTIC CT 063550397 990 2022-01-01 041126132 BROTHERHOOD CREDIT UNION BROT 7815985555 75 MARKET STREET LYNN MA 01901 ADAM H SHERMAN PRESIDENT 7815985555 2023-09-21 true ADAM SHERMAN 999009999 false NANETTE A BANCROFT CPA P01315598 8605369831 2023-09-21 2022 2023-04-26 12:10:37Z ADAM H SHERMAN 75 MARKET STREET LYNN MA 01901 3117598 false X BROTHERHOODCU.ORG X 1934 MA CREDIT UNION MEMBER SERVICES 10 9 27 9 9795 0 1609874 1913517 1171781 976417 219839 227664 3001494 3117598 4000 4000 0 1432814 1712242 0 0 1454112 1555142 2890926 3271384 110568 -153786 116425943 120701668 70811597 77570077 45614346 43131591 CREDIT UNION MEMBER SERVICES false false MAINTENANCE OF MEMBERS' ACCOUNTS AND THE PAYMENT OF INTEREST AND DIVIDENDS THEREON. NUMBER OF DEPOSIT ACCOUNTS IS 6,579. NUMBER OF LOAN ACCOUNTS IS 1,099. false false false false false false false true false true false false false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 1116 0 true 27 true true true false false false false false false false X 10 9 true false false false true true true true true false true true false false false false true true false MA X X ADAM H SHERMAN 7815985555 75 MARKET STREET LYNN MA 01901 ADAM H SHERMAN PRESIDENT 40.00 X 156838 0 34054 MARILYN DESIMONE CHIEF OPER O 40.00 X 144468 0 31056 MARK SKILLMAN VP/MORTGAGE 40.00 X 102359 0 13181 JAMES J SHERMAN ADVISORADMIN 12.00 X X 7000 0 350 JOSE ALAS-RUIZ DIRECTOR 2.00 X 0 0 0 MICHAEL COHEN DIRECTOR 2.00 X 0 0 0 HOWARD FIELD DIRECTOR 2.00 X 0 0 0 RICHARD KESSEL DIRECTOR 2.00 X 0 0 0 DARREN KLEIN DIRECTOR 2.00 X 0 0 0 HUBERT KREPLICK CLERK 2.00 X X 0 0 0 SCOTT SAGAN DIRECTOR 2.00 X 0 0 0 EDWARD I SHADOFF DIRECTOR 2.00 X 0 0 0 MARTIN SHUMAN TREASURER 4.00 X X 0 0 0 410665 78641 3 false true false FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 IT 352820 PANNOS MARKETING 57 MARKET STREET MANCHESTER NH 03101 ADVERTISING PR 153129 2 INTEREST ON LOANS 1913517 1913517 1913517 976417 976417 MISCELLANEOUS 120236 120236 SERVICE CHARGES AND FEES 84908 84908 MEMBER INSURANCE 12725 12725 9795 9795 227664 3117598 3107803 9795 4000 373766 1044060 37357 152485 104574 10130 22600 165666 52031 373064 188720 21125 262817 79142 32553 ELAN EXPENSE 87718 SHARE DRAFT PROCESSING 60890 PROFESSIONAL SERVICES 44194 MAINTENANCE 36544 117948 3271384 0 0 0 7742968 5647747 31792771 22770773 48038243 65964216 98236 57358 2824862 2146955 649733 677907 26981667 24271254 164000 298300 958325 1014113 116425943 120701668 82884 134247 388846 446633 6000000 70339867 70989197 70811597 77570077 X 45614346 43131591 45614346 43131591 116425943 120701668 -153786 -2328969 X false false false false true X 49000 49000 1894822 1380798 514024 99105 99105 42221 42221 739714 624831 114883 677907 MEMBER DEPOSIT ACCOUNTS 70918239 OTHER LIABILITIES-SUSPENSE ACCOUNTS 70958 70989197 X SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. SCHEDULE D, PAGE 3, PART X THE CREDIT UNION FOLLOWS FASB ACCOUNTING STANDARDS CODIFICATION 740-10, ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN YEARS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. X true true X X X false false false ADAM H SHERMAN PRESIDENT 156838 34054 190892 MARILYN DESIMONE CHIEF OPER OFFICER 144468 31056 175524 FORM 990, PAGE 1, PART I, LINE 6 BOARD OF DIRECTORS WHO ARE VOLUNTEERS AND RECEIVE NO COMPENSATION FOR THEIR SERVICES. FORM 990, PAGE 6, PART VI, LINE 2 JAMES J. SHERMAN HUBERT KREPLICK PRESIDENT DIRECTOR BROTHER IN LAW DARREN KLEIN HUBERT KREPLICK DIRECTOR DIRECTOR SON IN LAW DARREN KLEIN JAMES J. SHERMAN DIRECTOR PRESIDENT NEPHEW ADAM H. SHERMAN JAMES J. SHERMAN CFO PRESIDENT SON ADAM H. SHERMAN HUBERT KREPLICK CFO DIRECTOR NEPHEW FORM 990, PAGE 6, PART VI, LINE 6 PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE 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 7B ANY CHANGES TO THE INCORPORATING DOCUMENTS, I.E. BYLAWS ARE APPROVED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 AND 990T ARE REVIEWED BY THE PRESIDENT, TREASURER, AND AUDIT COMMITTEE FIRST. THE BOARD THEN REVIEWS AND VOTES TO ACCEPT. DUE TO THE TIMING OF THE PREPARATION OF THE RETURN, THE REVIEW MAY BE AFTER THE RETURN IS FILED. FORM 990, PAGE 6, PART VI, LINE 15A 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, PAGE 6, PART VI, LINE 15B 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, PAGE 6, PART VI, LINE 19 INFORMATION IS POSTED IN THE CREDIT UNION LOBBY AND AVAILABLE UPON REQUEST.