2017-11-15T15:49:19-05:00 2016-12-31 472604526 GARVEY STEELE & COMPANY LLP PO BOX 397 MYSTIC CT 063550397 990 2016-01-01 041853650 SOUTHERN MASS CREDIT UNION SOUT 5089949971 123 ALDEN ROAD FAIRHAVEN MA 02719 CARMEN SYLVESTER CEO/PRESIDENT 5089949971 2017-11-15 true RICHARD B STEELE CPA P00157880 8605369831 2017-11-15 97DB9962C47C60A4FA4E0617B85582D50FB1056D 97DB9962C47C60A4FA4E0617B85582D50FB1056D 2016 2017-02-10 21:41:12Z CARMEN SYLVESTER 123 ALDEN ROAD FAIRHAVEN MA 02719 7140538 false X WWW.SOUTHERNMASS.COM X 1922 MA CREDIT UNION - THRIFT SERVICES 12 10 75 10 0 0 5000552 4903262 1015580 1113410 1351955 1123866 7368087 7140538 5000 5000 0 2813100 2931336 0 0 4186171 4133273 7004271 7069609 363816 70929 203215141 205288394 180123011 182131956 23092130 23156438 CREDIT UNION - THRIFT SERVICES false false MAINTENANCE OF MEMBERS' DEPOSIT AND LOAN ACCOUNTS. NUMBER OF DEPOSIT ACCOUNTS IS 22,821. NUMBER OF LOAN ACCOUNTS IS 6,463. SCHOLARSHIPS AWARDED TO QUALIFYING APPLICANTS - MEMBERS/MEMBERS' FAMILY. false false false false false false false true false true false false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 4814 0 true 75 true true true false false false false false X 12 10 false false false false true true true true true false true true false true true true true true true false false X X MARGARET RAPOSO 5089949971 123 ALDEN ROAD FAIRHAVEN MA 027194733 DAVID DARMOFAL CHAIRMAN 8.00 X X 10500 0 0 RICHARD ELLIS 3RD VICE CHA 4.00 X X 2500 0 0 MARY ELLEN SILVA 2ND VICE CHA 4.00 X X 0 0 0 ROBERT FERRETTI 1ST VICE CHA 4.00 X X 0 0 0 ALFRED PECCINI 3RD VICE CHA 4.00 X X 0 0 0 PAMELA BOURGAULT DIRECTOR 4.00 X 0 0 0 CHARLES MURPHY DIRECTOR 4.00 X 0 0 0 PAUL SYLVIA DIRECTOR 4.00 X 0 0 0 SANDRA TYNAN DIRECTOR 4.00 X 0 0 0 ROBERT WALLACE DIRECTOR 4.00 X 0 0 0 MARK SYLVIA DIRECTOR 4.00 X 0 0 0 RONALD CORREIA DIRECTOR 4.00 X 0 0 0 JO-ANN ROSE VP OF HR 40.00 X 87686 0 0 DEBRA TOWER VP OF MEMBER 40.00 X 84717 0 0 CARMEN SYLVESTER CEO/PRESIDEN 40.00 X 0 0 0 DANIEL E WALTZ PRESIDENT/CE 40.00 X 218274 0 0 403677 1 true true false FISERV PO 99924 GRAPEVINE TX 76099 ATM PROCESSING 235759 DIGITAL INSIGHT PO BOX 740641 LOS ANGELES CA 900740641 BILL PAYER 177746 2 LOAN INCOME 4903262 4903262 4903262 1113410 1113410 MEMBER SERVICE FEES 707244 707244 OTHER INCOME 395994 395994 NON MEMBER ATM FEES 20628 20628 1123866 7140538 7140538 5000 185403 218274 1795163 86531 468964 177001 134630 240000 182278 471690 378186 53154 922853 365861 51473 ATM CHARGES 349992 MISCELLANEOUS 234090 AMORT. FMV ADJUSTMENTS 224896 LOAN SERVICING 189180 334990 7069609 0 0 0 1826798 1610128 39738609 38169573 2265279 1710931 112491741 115300325 293626 262101 9309343 4434262 4886587 4875081 36039048 37559164 446300 484000 5227153 5317091 203215141 205288394 111016 110720 217090 217390 179794905 181803846 180123011 182131956 X 23092130 23156438 23092130 23156438 203215141 205288394 70929 -6621 X false true X true false false true X 1392538 1392538 5518736 2398135 3120601 111513 36538 74975 1060417 894289 166128 1226139 1105300 120839 4875081 SHARES AND DEPOSIT ACCOUNTS 180132818 OTHER LIABILITIES 1671028 181803846 7140538 7140538 7140538 7069609 7069609 7069609 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES. X false true X X false true false DANIEL E WALTZ PRESIDENT/CEO 213274 5000 218274 SCHEDULE J, PAGE 1, PART I, LINE 1B THERE IS NO SPECIFIC POLICY BUT SPOUSE MAY TRAVEL WITH A DIRECTOR/EMPLOYEE SCHEDULE J, PAGE 1, PART I, LINE 4 DANIEL E. WALTZ 0 1,964,907 0 CHARLES MURPHY DIRECTOR MORTGAGE X 370000 299172 false true true DANIEL WALTZ OFFICER MORTGAGE X 300000 242712 false true true ROBERT WALLACE DIRECTOR MORTGAGE X 200000 199133 false true true JO-ANN ROSE OFFICER 10 YEAR MTG X 150000 142568 false true true DEBRA TOWER OFFICER MORTGAGE X 160000 119575 false true true RICHARD ELLIS DIRECTOR HELOC X 95235 95235 false true true PAUL SYLVIA DIRECTOR HELOC X 120000 93967 false true true RICHARD ELLIS DIRECTOR MORTGAGE X 120000 86519 false true true CHARLES MURPHY DIRECTOR LOC X 82253 82504 false true true PAMELA BOURGAULT DIRECTOR MORTGAGE X 95000 81934 false true true MARY ELLEN SILVA DIRECTOR FIXED 2ND MORTGAGE X 71000 50605 false true true DANIEL WALTZ OFFICER LOC X 44800 false true true DEBRA TOWER OFFICER LOC X 36268 false true true PAMELA BOURGAULT DIRECTOR AUTO X 31000 22996 false true true DANIEL WALTZ OFFICER AUTO X 26350 21854 false true true DAVID DARMOFAL DIRECTOR LOC X 73648 15741 false true true MARY ELLEN SILVA DIRECTOR LOC X 15617 false true true DEBRA TOWER OFFICER AUTO X 23275 15248 false true true CHARLES MURPHY DIRECTOR AUTO X 11718 10838 false true true PAUL SILVIA DIRECTOR AUTO X 17113 10399 false true true DAVID DARMOFAL DIRECTOR AUTO X 12500 10082 false true true DAVID DARMOFAL DIRECTOR AUTO X 11000 7795 false true true ROBERT WALLACE DIRECTOR AUTO X 27500 5142 false true true MARY ELLEN SILVA DIRECTOR ODP X 3000 227 false true true 1710931 SCHEDULE L, PART II MARY ELLEN SILVA FROM 71,000 50,605 FIXED 2ND MORTGAGE ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DANIEL WALTZ FROM 0 44,800 LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DEBRA TOWER FROM 0 36,268 LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT PAMELA BOURGAULT FROM 31,000 22,996 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DANIEL WALTZ FROM 26,350 21,854 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DAVID DARMOFAL FROM 73,648 15,741 LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT MARY ELLEN SILVA FROM 0 15,617 LOC ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DEBRA TOWER FROM 23,275 15,248 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT CHARLES MURPHY FROM 11,718 10,838 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT PAUL SILVIA FROM 17,113 10,399 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DAVID DARMOFAL FROM 12,500 10,082 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT DAVID DARMOFAL FROM 11,000 7,795 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ROBERT WALLACE FROM 27,500 5,142 AUTO ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT MARY ELLEN SILVA FROM 3,000 227 ODP ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT FORM 990, PAGE 6, PART VI, LINE 6 PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS'S FIELD OF MEMBERSHIP WHO HOLD AT LEASAT 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 2016 FORM 990 WILL BE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. DUE TO THE TIMING OF THE COMPLETION OF THE RETURN AND FILING DUE DATE, THE FORM 990 WILL BE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE SUBSEQUENT TO THE FILING DUE DATE. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE WHEN A POTENTIAL CONFLICT ARISES. ALSO, ANNUALLY, THE CODE OF ETHICS WHICH CONTAINS THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL EMPLOYEES AND DIRECTORS WHICH EXPLAINS WHEN TO AND HOW TO REPORT ANY CONFLICTS OF INTEREST. EACH EMPLOYEE AND DIRECTOR MUST SIGN, ACKNOWLEDGING THE RECEIPT AND UNDERSTANDING OF THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 INFORMATION IS AVAILABLE UPON REQUEST.