ST ANNES CREDIT UNION OF FALL RIVER MASS: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: ST ANNES CREDIT UNION OF FALL RIVER MASS (EIN 04-2128094)
Tax period: 2018-01-01 to 2018-12-31
Filed: 2019-11-06
IRS object ID: 201933109349301108
Schema version: 2018v3.1
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	2019-11-06T07:43:30-06:00	ReturnTs
Tax Period End	2018-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	042689883	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WOLF & COMPANY PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	99 HIGH STREET 21ST FLOOR	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02110	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2018-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	042128094	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ST ANNE'S CREDIT UNION OF FALL RIVER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	STAN	BusinessNameControlTxt
Phone	5083247300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	286 OLIVER STREET	AddressLine1Txt
City	FALL RIVER	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	027242998	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PETER PANAGGIO	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	5083247300	PhoneNum
Signature	2019-11-05	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	HARRY A KALAJIAN JR CPA	PreparerPersonNm
PTIN	P00464296	PTIN
Phone	6174399700	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	199.167.121.238	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-11-06	IPDt
IP Tm	07:21:44	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	3035F85F9C36F92B25132AD5EF9C80758CB5F135	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2020-03-31 21:24:44Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PETER PANAGGIO	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	286 OLIVER STREET	AddressLine1Txt
City	FALL RIVER	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	027242998	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$40,300,410	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1935	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	ST. ANNE'S CREDIT UNION (THE "CREDIT UNION") PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS THROUGH ITS FULL SERVICE OFFICES AND LOAN CENTERS IN SOUTHEASTERN MASSACHUSETTS. ITS PRIMARY DEPOSIT PRODUCTS ARE SAVINGS, CHECKING, MONEY MARKET, AND TERM CERTIFICATE ACCOUNTS AND ITS PRIMARY LENDING ASSETS ARE RESIDENTIAL MORTGAGE, COMMERCIAL MORTGAGE AND PURCHASED AUTO LOANS.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	237	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$26,037,169	PYProgramServiceRevenueAmt
CY Program Service Revenue	$28,551,962	CYProgramServiceRevenueAmt
PY Investment Income	$2,240,246	PYInvestmentIncomeAmt
CY Investment Income	$2,502,856	CYInvestmentIncomeAmt
PY Other Revenue	$4,114,931	PYOtherRevenueAmt
CY Other Revenue	$4,498,980	CYOtherRevenueAmt
PY Total Revenue	$32,392,346	PYTotalRevenueAmt
CY Total Revenue	$35,553,798	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$99,609	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$10,362,032	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$10,729,829	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$16,080,953	PYOtherExpensesAmt
CY Other Expenses	$17,553,793	CYOtherExpensesAmt
PY Total Expenses	$26,442,985	PYTotalExpensesAmt
CY Total Expenses	$28,383,231	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,949,361	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$7,170,567	CYRevenuesLessExpensesAmt
Total Assets BOY	$929,273,516	TotalAssetsBOYAmt
Total Assets EOY	$960,436,825	TotalAssetsEOYAmt
Total Liabilities BOY	$837,956,335	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$862,402,831	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$91,317,181	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$98,033,994	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	ST. ANNE'S CREDIT UNION (THE "CREDIT UNION") PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS THROUGH ITS FULL SERVICE OFFICES AND LOAN CENTERS IN SOUTHEASTERN MASSACHUSETTS. ITS PRIMARY DEPOSIT PRODUCTS ARE SAVINGS, CHECKING, MONEY MARKET, AND TERM CERTIFICATE ACCOUNTS AND ITS PRIMARY LENDING ASSETS ARE RESIDENTIAL MORTGAGE, COMMERCIAL MORTGAGE AND PURCHASED AUTO LOANS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	ST. ANNE'S CREDIT UNION IS A COOPERATIVE OWNED, DIRECTED BY, AND DEDICATED TO ITS MEMBERS. AT THE END OF 2018, THE CREDIT UNION HAD $786 MILLION SHARE ACCOUNT DEPOSITS, $823 MILLION IN LOANS TO MEMBERS	Desc
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	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	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	Yes (1)	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	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	30050	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	237	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
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	8	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	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	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	0	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	PETER PANAGGIO CFO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5083247478	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	286 OLIVER STREET	AddressLine1Txt
City	FALL RIVER	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	027242998	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ALBERT MERCIER
DIRECTOR	1.00	Yes (X)	$0	$0	$4,770
WILLIAM R BOUCHARD
CHAIRMAN OF THE BOARD	1.00	Yes (X)	$22,236	$0	$5,858
JOSEPH R J CASTONGUAY
DIRECTOR	1.00	Yes (X)	$0	$0	$5,204
JOSEPH V BENEVIDES JR
DIRECTOR	1.00	Yes (X)	$0	$0	$4,993
BRUCE E FERNANDES
DIRECTOR	1.00	Yes (X)	$396	$0	$5,881
SIMONE GARANT
DIRECTOR\TREASURER\CLERK	1.00	Yes (X)	$14,000	$0	$4,433	Yes (X)
JOHN R LEDWIDGE
DIRECTOR/VICE CHAIRMAN	1.00	Yes (X)	$17,713	$0	$5,743
COLLEEN BRADY O'NEIL
DIRECTOR	1.00	Yes (X)	$138	$0	$2,908
BERNARD J MCDONALD III
DIRECTOR	1.00	Yes (X)	$258	$0	$4,769
KEVIN FITZPATRICK
DIRECTOR	1.00	Yes (X)	$258	$0	$5,881
JO-ANN BENTLEY
DIRECTOR	1.00	Yes (X)	$215	$0	$1,831
EILEEN DANAHEY
PRESIDENT/ CEO	40.00		$465,555	$0	$50,725	Yes (X)
PETER PANAGGIO
SVP/CFO	40.00		$221,264	$0	$16,725		Yes (X)
GERALD F REGO
VP COMMERCIAL LENDING	40.00		$178,917	$0	$16,559			Yes (X)
DEBORAH DION
VP INFORMATION SERVICES	40.00		$158,147	$0	$15,311			Yes (X)
RICHARD KANE
VP COMMERCIAL RISK	40.00		$133,719	$0	$6,207			Yes (X)
KAREN SKINNER
VP OF DEPOSITION OPERATIONS	40.00		$124,375	$0	$16,379			Yes (X)
TIM SOUZA
LOAN ORIGINATOR	40.00		$224,003	$0	$16,267			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,561,194	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$190,444	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	13	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
255 FISERV DRIVE	BROOKFIELD	WI	53045	TECHNOLOGY SOLUTIONS	$2,610,850
NATIONAL CREDIT UNION ADMINISTRATION
1775 DUKE ST 4206	ALEXANDRIA	VA	22314	BANKING INSURANCE	$302,363
RED HAWK FIRE & SECURITY
300 MYLES STANDISH	TAUNTON	MA	02780	EQUIPMENT & MAINTENANCE	$283,175
CUNA MUTUAL GROUP
4122 INNSLAKE DR	GLEN ALLEN	VA	23060	INSURANCE	$227,864
GATEHOUSE MEDIA
75 SYLVAN ST	DANVERS	MA	01923	MARKETING	$172,183

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	18	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	MEMBER LOAN INTEREST	Desc
Business	525900	BusinessCd
Total Revenue Column	$28,551,962	TotalRevenueColumnAmt
Related Or Exempt Func Income	$28,551,962	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$28,551,962	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,513,306	TotalRevenueColumnAmt
Exclusion	$2,513,306	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$4,736,162	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$4,742,300	SecuritiesAmt
Other	$4,312	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$6,138	SecuritiesAmt
Other	-$4,312	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$10,450	TotalRevenueColumnAmt
Exclusion	-$10,450	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CUSTOMER SERVICE FEES	525900	$3,388,221	$3,388,221
OTHER LOAN FEES	525900	$194,465	$194,465
SAFE DEPOSIT FEES	525900	$102,962	$102,962

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$813,332	TotalRevenueColumnAmt
Related Or Exempt Func Income	$813,332	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$4,498,980	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$35,553,798	TotalRevenueColumnAmt
Related Or Exempt Func Income	$33,050,942	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$2,502,856	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$99,609	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$742,034	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$7,310,538	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$557,946	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,455,299	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$664,012	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$179,534	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$229,228	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$427,906	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$808,315	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$961,817	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,438,932	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,650,965	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$43,975	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$141,261	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$6,188,855	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,702,288	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$68,988	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
ATM & BANK CHARGES	$929,228
OTHER EXPENSES	$859,078
LOAN LOSS PROVISION	$770,000
LOAN EXENSES	$68,080

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$85,343	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$28,383,231	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,642,246	BOYAmt
EOY	$3,909,013	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$52,673,739	BOYAmt
EOY	$49,623,829	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$782,082,747	BOYAmt
EOY	$823,059,284	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$181,134	BOYAmt
EOY	$280,282	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$29,614,018	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$13,986,454	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$16,224,834	BOYAmt
EOY	$15,627,564	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$54,652,368	BOYAmt
EOY	$48,375,987	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$19,816,448	BOYAmt
EOY	$19,560,866	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$929,273,516	BOYAmt
EOY	$960,436,825	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,615,785	BOYAmt
EOY	$2,145,210	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$2,145,952	BOYAmt
EOY	$2,051,391	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$834,194,598	BOYAmt
EOY	$858,206,230	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$837,956,335	BOYAmt
EOY	$862,402,831	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	$91,317,181	BOYAmt
EOY	$98,033,994	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$91,317,181	BOYAmt
EOY	$98,033,994	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$929,273,516	BOYAmt
EOY	$960,436,825	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$7,170,567	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$349,958	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$103,796	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
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)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

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	$3,706,096	OtherCostOrOtherBasisAmt
Book Value	$3,706,096	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$18,048,063	OtherCostOrOtherBasisAmt
Depreciation	$8,813,441	DepreciationAmt
Book Value	$9,234,622	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,077,502	OtherCostOrOtherBasisAmt
Depreciation	$1,363,733	DepreciationAmt
Book Value	$713,769	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,620,556	OtherCostOrOtherBasisAmt
Depreciation	$3,097,591	DepreciationAmt
Book Value	$1,522,965	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,161,801	OtherCostOrOtherBasisAmt
Depreciation	$711,689	DepreciationAmt
Book Value	$450,112	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$15,627,564	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
CREDIT UNION MEMBER DEPOSITS	$785,669,528
FNMA CUSTODIAL	$398,963
OTHER LIABILITIES	$149,080
FHLB ADVANCES	$71,988,659

Field	Value	IRS element (for citing)
Total Liability	$858,206,230	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$35,553,798	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$35,553,798	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$35,553,798	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$28,383,231	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$28,383,231	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$28,383,231	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART IV, LINE 2B:

ST. ANNE'S CREDIT UNION AS PART OF LOAN OPERATIONS COLLECTS PAYMENTS FROM BORROWERS TO BE HELD IN ESCROW TO PAY REAL ESTATE TAXES AND HOME OWNERS INSURANCE PREMIUMS.

PART X, LINE 2:

THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME UNDER PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE STATUTES. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, INCLUDING THE POSITION THAT THE CREDIT UNION QUALIFIES AS A TAX EXEMPT ENTITY, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE UPHELD UNDER REGULATORY REVIEW. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE ACCRUED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL OR DISCLOSURE AT DECEMBER 31, 2018 OR 2017.

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (8 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
BRISTOL COMMUNITY COLLEGE FOUNDATION INC
777 ELSBREE ST	FALL RIVER	MA	02720	042707491	501(C)(3)	$10,000	CHARITABLE CONTRIBUTIONS
UMASS DARTMOUTH
285 OLD WESTPORT ROAD	DARTMOUTH	MA	027472300	043167352	501(C)(3)	$10,000	CHARITABLE CONTRIBUTIONS
UNITED WAY OF GREATER FALL RIVER INC
30 BEDFORD ST	FALL RIVER	MA	02720	042104026	501(C)(3)	$20,833	CHARITABLE CONTRIBUTIONS
UNITED WAY OF GREATER NEW BEDFORD INC
128 UNION ST SUITE 105	NEW BEDFORD	MA	02740	042104264	501(C)(3)	$20,000	CHARITABLE CONTRIBUTIONS
SOUTHCOAST HEALTH - ST LUKE'S HOSPITAL
101 PAGE ST	NEW BEDFORD	MA	02740	042794625	501(C)(3)	$5,417	CHARITABLE CONTRIBUTIONS
SOUTHCOAST HEALTH - CHARLTON MEMORIAL HOSPITAL
101 PAGE ST	NEW BEDFORD	MA	02740	042794625	501(C)(3)	$5,417	CHARITABLE CONTRIBUTIONS
CHILDREN'S MUSEUM OF GREATER FALL RIVER
441 NORTH MAIN STREET	FALL RIVER	MA	02720	043552597	501(C)(3)	$6,666	CHARITABLE CONTRIBUTIONS
COOPERATIVE CREDIT UNION ASSOCIATION
845 DONALD LYNCH BLVD	MARLBOROUGH	MA	01752	043403594	501(C)(3)	$5,500	CHARITABLE CONTRIBUTIONS

Field	Value	IRS element (for citing)
Total501c3 Org	8	Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	MANAGEMENT TEAM AND BOARD OF DIRECTORS REVIEWS EACH APPLICATION CAREFULLY AND MONITOR GRANT PROCESS CLOSELY TO ENSURE THAT EXPENDIUTRES ARE APPROPRIATE.	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 Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 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
EILEEN DANAHEY
PRESIDENT/ CEO	$394,477	$0	$71,078	$0	$0	$0	$34,000	$0	$16,725	$0	$516,280	$0	$0	$0
PETER PANAGGIO
SVP/CFO	$202,464	$0	$18,800	$0	$0	$0	$0	$0	$16,725	$0	$237,989	$0	$0	$0
GERALD F REGO
VP COMMERCIAL LENDING	$178,917	$0	$0	$0	$0	$0	$0	$0	$16,559	$0	$195,476	$0	$0	$0
DEBORAH DION
VP INFORMATION SERVICES	$158,147	$0	$0	$0	$0	$0	$0	$0	$15,311	$0	$173,458	$0	$0	$0
TIM SOUZA
LOAN ORIGINATOR	$224,003	$0	$0	$0	$0	$0	$0	$0	$16,267	$0	$240,270	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION HAS ENTERED INTO AN EMPLOYMENT AGREEMENT ("AGREEMENT") WITH AN EXECUTIVE WHICH PROVIDES FOR A BASE SALARY AND THE CONTINUATION OF CERTAIN BENEFITS CURRENTLY RECEIVED. THE AGREEMENT SHALL BE AUTOMATICALLY EXTENDED FOR ADDITIONAL ONE YEAR TERMS UNLESS THE CREDIT UNION PROVIDES WRITTEN NOTICE OF NON-RENEWAL. THE AGREEMENT PROVIDES FOR SPECIFIED SEVERANCE BENEFITS UPON TERMINATION WITHOUT CAUSE OR UPON A CHANGE IN CONTROL, BOTH AS DEFINED IN THE AGREEMENT, HOWEVER, SUCH EMPLOYMENT MAY BE TERMINATED FOR CAUSE, AS DEFINED, WITHOUT INCURRING ANY CONTINUING OBLIGATIONS. TOTAL EXPENSE IN CONNECTION WITH THE AGREEMENT FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 AMOUNTED TO $34,000 AND $180,000, RESPECTIVELY.	ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ADVANCED ALARM SYSTEMS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	KEVIN FITZPATRICK, DIRECTOR	RelationshipDescriptionTxt
Transaction	$102,316	TransactionAmt
Transaction	KEVIN FITZPATRICK, DIRECTOR OF THE CREDIT UNION, IS ALSO THE GENERAL MANAGER OF THE ADVANCED ALARM SYSTEMS. AVDANCED ALARM SYSTEMS PROVIDES ALARM SERICES TO THE CREDIT UNION.	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART IV, LINE 26 - OFFICER LOANS	SOME OF THE OFFICERS AND DIRECTORS HAVE LOANS OUTSTANDING WITH THE CREDIT UNION. THESE LOANS WERE MADE IN THE ORDINARY COURSE OF BUSINESS OF THE CREDIT UNION ON THE SAME TERMS AVAILABLE TO ALL MEMBERS.
FORM 990, PART VI, SECTION A, LINE 6	LINE 6 - THE CREDIT UNION IS A MEMBERS ONLY CREDIT UNION ACCEPTING MEMBERS FROM THE MASSACHUSETTS COUNTIES OF BARNSTABLE, BRISTOL, AND PLYMOUTH; THE RHODE ISLAND COUNTIES OF BRISTOL, NEWPORT, AND PROVIDENCE; AND THE FOLLOWING ADDITIONAL TOWNS IN RHODE ISLAND: COVENTRY, EAST GREANWICH, WARWICK, WEST WARWICK AND NORTH KINGSTOWN.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING AND VOTE ON ALL BUSINESS PRESENTED AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7B	THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING AND VOTE ON ALL BUSINESS PRESENTED AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 11B	THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY TO REVIEW APPROVE AND SIGN THE FORM 990 TO THE CEO OR CFO. THE BOARD IS PROVIDED A COPY OF THE 990 UPON REQUEST.
FORM 990, PART VI, SECTION B, LINE 12C	THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY. EACH YEAR ALL EMPLOYEES AND DIRECTORS MUST DISCLOSE ANY CONFLICTS TO THE BOARD WHICH IS RESPONSIBLE TO SEE THAT ALL CONFLICTS ARE RESOLVED.
FORM 990, PART VI, SECTION B, LINE 15A	THE BOARD APPROVES THE EMPLOYMENT CONTRACT OF THE CEO AFTER REVIEW OF CEO'S PERFORMANCE AND OTHER CRITERIA.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGNIZATIONAL GOVERNING DOCUMENTS, FINANCIAL STATMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST TO THE GENERAL PUBLIC.
FORM 990, PART XI, LINE 9:	OBLIGATION ON DEFINED BENEFIT PLAN FAS 158 -103,796.