ALL ONE CREDIT UNION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: ALL ONE CREDIT UNION (EIN 04-2348884)
Tax period: 2017-10-01 to 2018-09-30
Filed: 2019-08-15
IRS object ID: 201922279349301832
Schema version: 2017v2.3
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 O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-08-15T14:33:22-05:00	ReturnTs
Tax Period End	2018-09-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	801 NICOLLET MALL WEST TOWER STE	AddressLine1Txt
Address Line2	1100	AddressLine2Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	554022526	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-10-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	042348884	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEOMINSTER CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LEOM	BusinessNameControlTxt
Phone	9785378021	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1Txt
City	LEOMINSTER	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01453	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	GARY ABRAMS EVPCOOCFO	PersonNm
Person Title	EVP, CFO, COO	PersonTitleTxt
Phone	9785378021	PhoneNum
Signature	2019-08-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KACIE MCEWEN	PreparerPersonNm
PTIN	P01599614	PTIN
Phone	6123324300	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	68.47.72.30	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-08-14	IPDt
IP Tm	14:36:17	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	C0F43978DBA0C0105C9EC865D2B1B55C6AA9D490	AtSubmissionCreationDeviceId
At Submission Filing Device Id	B56786F7D21A8F39D00ED83C272556B8DDCB8C36	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOHN O'BRIEN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1Txt
City	LEOMINSTER	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01453	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$37,095,424	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.LEOMINSTERCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1954	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	LEOMINSTER CREDIT UNION (LCU) EXISTS TO FULFILL OUR MEMBERS' FINANCIAL NEEDS THROUGH OUTSTANDING SERVICE AND EFFECTIVE TECHNOLOGY.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	174	TotalEmployeeCnt
Total Volunteers	1	TotalVolunteersCnt
Total Gross UBI	$157,938	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$12,493	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$20,271,256	PYProgramServiceRevenueAmt
CY Program Service Revenue	$23,561,244	CYProgramServiceRevenueAmt
PY Investment Income	$4,541,774	PYInvestmentIncomeAmt
CY Investment Income	$4,518,436	CYInvestmentIncomeAmt
PY Other Revenue	$348,827	PYOtherRevenueAmt
CY Other Revenue	$896,181	CYOtherRevenueAmt
PY Total Revenue	$25,161,857	PYTotalRevenueAmt
CY Total Revenue	$28,975,861	CYTotalRevenueAmt
PY Grants And Similar Paid	$123,520	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$125,581	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$2,677,549	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$2,785,076	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$10,299,620	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$10,694,973	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$10,495,829	PYOtherExpensesAmt
CY Other Expenses	$12,590,617	CYOtherExpensesAmt
PY Total Expenses	$23,596,518	PYTotalExpensesAmt
CY Total Expenses	$26,196,247	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,565,339	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,779,614	CYRevenuesLessExpensesAmt
Total Assets BOY	$661,258,604	TotalAssetsBOYAmt
Total Assets EOY	$706,304,393	TotalAssetsEOYAmt
Total Liabilities BOY	$597,996,869	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$644,037,012	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$63,261,735	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$62,267,381	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	LEOMINSTER CREDIT UNION (LCU) IS A COMMUNITY-BASED FINANCIAL SERVICES PROVIDER. WE EXIST TO FULFILL OUR MEMBERS' FINANCIAL NEEDS THROUGH OUTSTANDING SERVICE AND EFFECTIVE TECHNOLOGY. AS A RESPONSIBLE CORPORATE CITIZEN, WE ARE COMMITTED TO ENRICHING THE COMMUNITIES IN WHICH WE LIVE AND WORK.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	TO SERVE OUR MEMBERS, OUR HIGHEST EXPENSE IS INTEREST PAID ON CERTIFICATES OF DEPOSIT. AT YEAR-END, THE CREDIT UNION HAD 53,325 MEMBERS, AND INTEREST PAID ON CERTIFICATES OF DEPOSIT TOTALED $1,550,991.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	OUR SECOND HIGHEST EXPENSE IS INTEREST PAID ON INDIVIDUAL RETIREMENT ACCOUNTS FOR OUR MEMBERS. AT YEAR-END, THE CREDIT UNION HAD 53,325 MEMBERS, AND INTEREST PAID ON INDIVIDUAL RETIREMENT ACCOUNTS TOTALED $488,843.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	OUR THIRD HIGHEST EXPENSE IS INTEREST PAID ON DEMAND DEPOSIT ACCOUNTS FOR OUR MEMBERS. AT YEAR-END, THE CREDIT UNION HAD 53,325 MEMBERS, AND INTEREST PAID ON DEMAND DEPOSIT ACCOUNTS TOTALED $317,438.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	WE CONTINUE TO MAKE CREDIT AVAILABLE TO OUR MEMBERS FOR THE PURCHASE OF HOMES, VEHICLES, AND SMALL BUSINESSES. WE RAISE CAPITAL BY RECEIVING MEMBER DEPOSITS AND PAYING INTEREST ON THOSE DEPOSITS.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	11414	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	174	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GARY ABRAMS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9784667263	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1Txt
City	LEOMINSTER	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01453	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MICHAEL SAUVAGEAU
CHAIR	2.00	Yes (X)	Yes (X)	$5,587	$0	$0
ANDREW COUSINS
TREASURER (10/1/17 - 7/1/18)	1.00	Yes (X)	Yes (X)	$2,938	$0	$0
NANCY GRAVES
ASST TREASURER/TREASURER (7/2/18)	1.00	Yes (X)	Yes (X)	$3,343	$0	$0
GIULIO GRECO
CLERK	1.00	Yes (X)	Yes (X)	$3,644	$0	$0
AMEDEO BILOTTA
DIRECTOR	1.00	Yes (X)		$4,359	$0	$0
ANTHONY GASBARRO
DIRECTOR	1.00	Yes (X)		$0	$0	$0
BRUCE BOLLIVAR
DIRECTOR	1.00	Yes (X)		$3,727	$0	$0
HENRY KULIK
DIRECTOR	1.00	Yes (X)		$7,001	$0	$0
JOSEPH QUINTAL
DIRECTOR	1.00	Yes (X)		$4,293	$0	$0
JOYCE LAFLEUR
DIRECTOR	1.00	Yes (X)		$2,066	$0	$0
JOYCE LEGER
DIRECTOR	1.00	Yes (X)		$939	$0	$0
RICHARD SHEPPARD
DIRECTOR	1.00	Yes (X)		$3,148	$0	$0
JOHN O'BRIEN
PRESIDENT/CEO	40.00		Yes (X)	$382,346	$0	$35,527
GARY ABRAMS
EVP/COO/CFO	40.00		Yes (X)	$265,457	$0	$38,127
BARBARA MAHONEY
SENIOR VICE PRESIDENT	40.00			$173,933	$0	$40,186	Yes (X)
CAROL PERRON
SENIOR VICE PRESIDENT	40.00			$169,131	$0	$20,843	Yes (X)
CRAIG MADONIA
SENIOR VICE PRESIDENT	40.00			$160,015	$0	$36,817	Yes (X)
STEPHANIE HYLES
CHIEF STRATEGY OFFICER	40.00			$201,312	$0	$10,895	Yes (X)
DIANE FARNSWORTH
MORTGAGE ORIGINATOR	40.00			$129,294	$0	$25,674		Yes (X)
DONALD O'CONNOR
VP LENDING OPERATIONS	40.00			$104,544	$0	$32,934		Yes (X)
JANET BELSKY
VP MARKETING	40.00			$115,209	$0	$19,464		Yes (X)
THOMAS CLANCY
VICE PRESIDENT	40.00			$149,397	$0	$32,453		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,891,683	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$292,920	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	10	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
FISERV
PO BOX 22705	LINCOLN	NE	68542	IT SERVICES	$1,596,791
NES GROUP INC
BLDG B SUITE 201	MANSFIELD	MA	02048	CONSTRUCTION SERVICES	$441,241
DAVIS ADVERTISING
1331 GRAFTON ST	WORCESTER	MA	01604	ADVERTISING SERVICES	$295,734
GELINAS & WARD LLP
106 MERRIAM AVENUE	LEOMINSTER	MA	01453	LEGAL SERVICES	$252,644
WINDSTREAM ENTERPRISES
PO BOX 9001013	LOUISVILLE	KY	40290	COMMUNICATIONS	$190,329

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	13	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS	522100	$18,711,748	$18,711,748
SERVICE CHARGES AND FEE INCOME	522100	$4,566,469	$4,408,531	$157,938
OTHER NON-INTEREST INCOME	522100	$283,027	$283,027

Field	Value	IRS element (for citing)
Total Program Service Revenue	$23,561,244	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,527,747	TotalRevenueColumnAmt
Exclusion	$4,527,747	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$101,750	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$101,750	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$101,750	TotalRevenueColumnAmt
Exclusion	$101,750	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$8,110,252	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$8,119,563	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$9,311	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$9,311	TotalRevenueColumnAmt
Exclusion	-$9,311	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	CREDIT UNION OWNED LIFE INSURANCE	Desc
Business	900099	BusinessCd
Total Revenue Column	$794,431	TotalRevenueColumnAmt
Exclusion	$794,431	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$794,431	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$28,975,861	TotalRevenueColumnAmt
Related Or Exempt Func Income	$23,403,306	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$157,938	UnrelatedBusinessRevenueAmt
Exclusion	$5,414,617	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$125,581	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$2,785,076	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,574,313	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$6,939,149	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$475,049	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,062,032	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$644,430	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$9,249	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$246,000	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$700,569	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$532,731	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$697,207	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,843,054	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$27,467	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$52,897	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,427,501	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,079,959	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$216,939	TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN LOSS	$702,688
ATM EXPENSE	$679,410
SECURITY	$233,450

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,141,496	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$26,196,247	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$6,443,015	BOYAmt
EOY	$5,691,633	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$464,404,638	BOYAmt
EOY	$523,066,819	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$978,076	BOYAmt
EOY	$1,048,770	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$24,413,055	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$13,368,825	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$11,111,527	BOYAmt
EOY	$11,044,230	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$150,775,056	BOYAmt
EOY	$135,631,367	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$7,135,800	BOYAmt
EOY	$8,929,600	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$20,410,492	BOYAmt
EOY	$20,891,974	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$661,258,604	BOYAmt
EOY	$706,304,393	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,496,064	BOYAmt
EOY	$3,932,405	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$1,810,474	BOYAmt
EOY	$2,335,291	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$144,405,000	BOYAmt
EOY	$178,780,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$449,285,331	BOYAmt
EOY	$458,989,316	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$597,996,869	BOYAmt
EOY	$644,037,012	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$63,261,735	BOYAmt
EOY	$62,267,381	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$63,261,735	BOYAmt
EOY	$62,267,381	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$661,258,604	BOYAmt
EOY	$706,304,393	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$2,779,614	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$3,773,968	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,841,603	OtherCostOrOtherBasisAmt
Book Value	$1,841,603	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$13,268,354	OtherCostOrOtherBasisAmt
Depreciation	$6,080,811	DepreciationAmt
Book Value	$7,187,543	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$631,638	OtherCostOrOtherBasisAmt
Depreciation	$385,434	DepreciationAmt
Book Value	$246,204	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,997,597	OtherCostOrOtherBasisAmt
Depreciation	$6,847,047	DepreciationAmt
Book Value	$1,150,550	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$673,863	OtherCostOrOtherBasisAmt
Depreciation	$55,533	DepreciationAmt
Book Value	$618,330	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$11,044,230	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARES	Desc
Amt	$458,989,316	Amt

Field	Value	IRS element (for citing)
Total Liability	$458,989,316	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$28,975,861	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$28,975,861	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$28,975,861	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$26,196,247	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$26,196,247	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$26,196,247	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART IV, LINE 2B:	THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY INSURANCE AND TAXES ON BEHALF OF ITS MORTGAGE LOAN ACCOUNTS.
PART X, LINE 2:	MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
HEALTH ALLIANCE HOSPITAL FOUNDATION
60 HOSPITAL RD	LEOMINSTER	MA	01453	042103555	501(C)(3)	$7,160	PROGRAM SUPPORT
BENNETT SCHOOL LIFE SKILLS PROGRAM
PO BOX 621	LEOMINSTER	MA	01453	046006004		$8,000	GENERAL SUPPORT
WORCESTER STATE FOUNDATION
486 CHANDLER ST	WORCESTER	MA	01602	223248067	501(C)(3)	$7,500	PROGRAM SUPPORT
YMCA OF CENTRAL MA
108 ADAMS ST	LEOMINSTER	MA	01453	042105885	501(C)(3)	$5,500	PROGRAM SUPPORT
WORCESTER REGIONAL CHAMBER OF COMMERCE
311 MAIN ST SUITE 200	WORCESTER	MA	01608	041988780	501(C)(6)	$6,000	PROGRAM SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt
Total Other Org	2	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION INFORMALLY FOLLOWS UP WITH GRANT RECIPIENTS AND ENSURES THAT THE GRANT FUNDS ARE USED FOR THE PURPOSE INTENDED.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Travel For Companions	Yes (X)	TravelForCompanionsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	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	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN O'BRIEN
PRESIDENT/CEO	$346,759	$0	$31,355	$0	$4,232	$0	$21,600	$0	$16,998	$0	$420,944	$0	$0	$0
GARY ABRAMS
EVP/COO/CFO	$232,241	$0	$17,307	$0	$15,909	$0	$21,600	$0	$19,549	$0	$306,606	$0	$0	$0
BARBARA MAHONEY
SENIOR VICE PRESIDENT	$155,260	$0	$16,030	$0	$2,643	$0	$14,495	$0	$27,790	$0	$216,218	$0	$0	$0
CAROL PERRON
SENIOR VICE PRESIDENT	$158,559	$0	$9,507	$0	$1,065	$0	$10,372	$0	$12,575	$0	$192,078	$0	$0	$0
CRAIG MADONIA
SENIOR VICE PRESIDENT	$148,886	$0	$9,297	$0	$1,832	$0	$12,481	$0	$27,495	$0	$199,991	$0	$0	$0
STEPHANIE HYLES
CHIEF STRATEGY OFFICER	$186,462	$0	$13,469	$0	$1,381	$0	$6,134	$0	$7,012	$0	$214,458	$0	$0	$0
DIANE FARNSWORTH
MORTGAGE ORIGINATOR	$51,928	$0	$0	$0	$77,366	$0	$10,617	$0	$15,772	$0	$155,683	$0	$0	$0
THOMAS CLANCY
VICE PRESIDENT	$120,432	$0	$5,695	$0	$23,270	$0	$10,810	$0	$23,358	$0	$183,565	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 1A

THE CREDIT UNION WILL REIMBURSE THE COST OF BOARD-APPROVED SPOUSAL OR "SIGNIFICANT OTHER" TRAVEL EXPENSES WHEN ACCOMPANYING A DIRECTOR ON AN EDUCATIONAL EVENT OR SPECIAL PLANNING/MEETING HELD OFF-SITE FROM LEOMINSTER CREDIT UNION. COSTS INCLUDE TRAVEL, GUEST REGISTRATION, LODGING, MEALS, TELEPHONE CALLS, REFRESHMENTS AND REASONABLE TIPS TO HOTEL EMPLOYEES, CAB/LIMOUSINE DRIVERS AND RESTAURANT STAFF.

PART I, LINE 4A

THOMAS CLANCEY, VICE PRESIDENT RECEIVED A $22,340 SEVERANCE PAYMENT.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
FORM 990, PART VI, SECTION B, LINE 11B	THE AVP/TREASURY AND EXECUTIVE VICE PRESIDENT REVIEW FORM 990 PRIOR TO ITS FILING. A COPY IS ALSO PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	WE SHARE OUR CONFLICT OF INTEREST POLICY WITH NEW EMPLOYEES WHEN WE HIRE THEM, AND THEY SIGN OFF TO ACKNOWLEDGE RECEIPT. THIS POLICY OUTLINES THE PARAMETERS AROUND ACTIVITIES WHICH CONFLICT WITH OR APPEAR TO CONFLICT WITH THE BUSINESS INTEREST OF LCU. ANNUALLY, WE DISTRIBUTE OUR ETHICS POLICY AND WHISTLEBLOWER POLICY TO REITERATE THE GUIDELINES IN REFERENCE TO CONFLICT OF INTEREST AND THE PROCESS IN PLACE TO ADDRESS ISSUES THAT MAY ARISE. EMPLOYEES SIGN OFF ON BOTH OF THESE PROCESSES ANNUALLY TO ACKNOWLEDGE THEIR RECEIPT.
FORM 990, PART VI, SECTION B, LINE 15	HUMAN RESOURCES (HR) AND THE BOARD OF DIRECTORS (BOD) REVIEW ALL RECOMMENDATIONS TO INCREASE THE SALARY OF ITS OFFICERS AND KEY EMPLOYEES WITHIN THE CREDIT UNION. HR AND THE BOD REFERENCE PRE-DETERMINED SALARY RANGES FOR THE RESPECTIVE POSITION, AS WELL AS INFORMATION FROM PURCHASED SALARY SURVEYS AS COMPARABLE DATA TO DETERMINE THE APPROPRIATENESS OF THE RECOMMENDATION. IN ADDITION, HR AND THE BOD LOOK AT THE EQUITY TO COMPARABLE ROLES WITHIN THE CREDIT UNION BEFORE APPROVING THE RECOMMENDATION.
FORM 990, PART VI, SECTION C, LINE 19	OUR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF OUR BRANCHES FOR MEMBERS TO REVIEW. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LCU INSURANCE SERVICES LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	20 ADAMS STREET	AddressLine1Txt
City	LEOMINSTER	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01453	ZIPCd

Field	Value	IRS element (for citing)
EIN	452079582	EIN
Primary Activities	INSURANCE SERVICES	PrimaryActivitiesTxt
Legal Domicile State	MA	LegalDomicileStateCd
Total Income	$1,834	TotalIncomeAmt
End Of Year Assets	$11,019	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	LEOMINSTER CREDIT UNION	BusinessNameLine1Txt