2017-05-10T13:23:31-05:00 2016-12-31 042513210 G T REILLY & COMPANY INC 424 ADAMS STREET MILTON MA 02186 990 2016-01-01 041896000 LIBERTY BAY CREDIT UNION LIBE 6174396500 350 GRANITE STREET BRAINTREE MA 02184 JOEL KELLER EVP/CFO 6174396500 2017-04-12 1 GIUSEPPE FEMIA CPA P01438848 6176968900 2017-04-12 173.14.170.162 2017-04-12 11:05:01 ED P 79F69FBBB9CDFD997BAEC65AF96CF0C028CE0325 9A65064FE6AE4D5E0FA99705860B8047BA186F75 2016 2021-01-29 14:40:06Z JOEL KELLER 350 GRANITE STREET BRAINTREE MA 02184 149164609 0 X WWW.LIBERTYBAYCU.ORG X CREDIT UNION 1917 MA TO OFFER FINANCIAL SERVICES. 16 13 92 0 0 0 0 0 14251256 18487323 7083709 4431088 0 0 21334965 22918411 11000 11000 0 0 9095953 9571163 0 0 0 9946656 11634440 19053609 21216603 2281356 1701808 652832418 645702696 558282310 551287879 94550108 94414817 LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES. 0 0 LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 8577 0 1 92 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 13 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JOEL KELLER 6174396500 350 GRANITE STREET BRAINTREE MA 02184 GERARD BURM DIRECTOR 2.00 X 0 0 82 EUGENE LEAHY DIRECTOR 2.00 X 0 0 82 WILLIAM PATTERSON FORMER DIRECTOR 2.00 X 0 0 41 BRIAN ADAMS DIRECTOR 2.00 X 0 0 204 WINIFRED BOLTER SECRETARY 4.00 X X 9000 0 51 EDWARD MCCOLGAN 2ND VICE CHAIRMAN 2.00 X X 0 0 133 THOMAS J FLYNN DIRECTOR 2.00 X 0 0 133 EDWARD R FOLEY DIRECTOR 2.00 X 0 0 133 PATRICK J FOLEY VICE CHAIRMAN 2.00 X X 0 0 204 ROBERT B FOLEY JR DIRECTOR 2.00 X 0 0 204 DENNIS J SIRACUSA DIRECTOR 2.00 X 0 0 204 STEPHEN J KELLEY SR DIRECTOR 2.00 X 0 0 133 JOHN J LEARY DIRECTOR 2.00 X 0 0 51 WILLIAM T MURPHY TREASURER 4.00 X X 9000 0 82 MICHAEL F MCCARTHY CHAIRMAN 8.00 X X 18000 0 82 ROBERT J MITCHELL DIRECTOR 2.00 X 0 0 82 FRANCIS P QUINN DIRECTOR 2.00 X 0 0 51 EDWARD LOPES PRESIDENT/CEO 40.00 X 436392 0 53583 BRIAN LEARY SVP/COO 40.00 X 158630 0 33243 JOEL KELLER EVP/CEO 40.00 X 326785 0 56975 JAMES QUINN SVP ADMINISTRATION 40.00 X 159206 0 38601 PETER DENNIS SVP BUSINESS DEVELOPMENT 40.00 X 193161 0 42754 STEPHEN FULCHINI VP OF INFO MGMT 40.00 X 134747 0 36453 GEORGE KELLY VP FINANCE & RISK 40.00 X 129894 0 35539 JAMES CARDEN VP LENDING 40.00 X 123743 0 35429 STEPHEN HILE MORTGAGE LOAN OFFICER 40.00 X 181191 0 34063 TRACY HART CONSUMER LOAN SPECIALIST 40.00 X 101465 0 32372 JILL AMATO VP DIRECTOR CORPORATE COMMUNICATIONS 40.00 X 118930 0 27830 GEORGE RICHARDS VP ASSET LIABILITY MANAGEMENT 40.00 X 108003 0 32538 CHRISTOPHER FLESER MORTGAGE LOAN OFFICER 40.00 X 137317 0 35199 FREDERICK WILLIAMS CONTROLLER 40.00 X 137970 0 35856 PAUL GRAVELLESE VP BUSINESS LENDING 40.00 X 101135 0 26803 PAOLA FERRARA VP OPERATIONS 40.00 X 102306 0 32491 2686875 0 591681 18 0 1 0 THE LONG GROUP 22 GREELEY STREET MERRIMACK NH 03054 MARKETING 465268 SILVER PETRUCELLO & ASSOCIATES ARCHITECTURE HAMDEN CT 06518 ARCHITECTS & ENGINEERS 132400 NUTTER MCCLENNEN & FISH LLP 155 SEAPORT BLVD BOSTON MA 02210 LEGAL 106875 3 LOAN INTEREST 522100 16202541 16202541 MISCELLANEOUS INCOME 522100 1246695 1246695 FEES ON ACCOUNTS 522100 1038087 1038087 18487323 3529691 3529691 127147595 126246198 901397 901397 901397 22918411 19388720 0 3529691 X 11000 3278553 4132585 355357 1293511 511157 108523 78225 690483 218498 2134232 54969 2466193 669370 MISCELLANEOUS 1384263 EQUIPMENT MAINTENANCE 1333739 LOAN COLLECTION & OTHER 629197 TELEPHONE 238536 1628212 21216603 8167195 7718844 13006055 6909699 4107503 5984525 410703911 444420696 1320576 1357453 10410599 8471492 1814553 1939107 210344240 173928889 3368385 3443483 652832418 645702696 5946342 7395449 105000000 105000000 447335968 438892430 558282310 551287879 X 0 0 0 0 94550108 94414817 94550108 94414817 652832418 645702696 X 1701808 -1139838 -697261 X X 0 1 X 1 0 3568887 2793682 775205 3333844 2454853 878991 3507868 3222957 284911 1939107 NCUSIF DEPOSIT 4079015 C EASCORP PPIC 147549 C EASCORP PPIC II 1000000 C FHLB BANK STOCK 5697100 C FEDERAL AGENCY SECURITIES 163005225 F 173928889 MEMBER DEPOSITS 438892430 438892430 22918411 0 22918411 0 22918411 21216603 0 21216603 0 21216603 1 SCHOLARSHIPS TO ENROLLED COLLEGE FRESHMAN WHO ARE MEMBERS OF LBCU - MADE PAYABLE TO THE MEMBERS 11 11000 1 X X X 0 1 0 EDWARD LOPES PRESIDENT/CEO 360017 0 76375 0 0 0 0 0 53583 0 489975 0 0 0 BRIAN LEARY SVP/COO 150306 0 8324 0 0 0 0 0 33243 0 191873 0 0 0 JOEL KELLER EVP/CEO 251433 0 75352 0 0 0 0 0 56975 0 383760 0 0 0 JAMES QUINN SVP ADMINISTRATION 145774 0 13432 0 0 0 0 0 38601 0 197807 0 0 0 PETER DENNIS SVP BUSINESS DEVELOPMENT 173361 0 19800 0 0 0 0 0 42754 0 235915 0 0 0 STEPHEN FULCHINI VP OF INFO MGMT 111569 0 23178 0 0 0 0 0 36453 0 171200 0 0 0 GEORGE KELLY VP FINANCE & RISK 121431 0 8463 0 0 0 0 0 35539 0 165433 0 0 0 JAMES CARDEN VP LENDING 115693 0 8050 0 0 0 0 0 35429 0 159172 0 0 0 STEPHEN HILE MORTGAGE LOAN OFFICER 180327 0 864 0 0 0 0 0 34063 0 215254 0 0 0 CHRISTOPHER FLESER MORTGAGE LOAN OFFICER 136633 0 684 0 0 0 0 0 35199 0 172516 0 0 0 FREDERICK WILLIAMS CONTROLLER 130970 0 7000 0 0 0 0 0 35856 0 173826 0 0 0 PART I, LINE 4B THE CHIEF EXECUTIVE OFFICER, ED LOPES WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2014. THE CHIEF FINANCIAL OFFICER, JOEL KELLER WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2016. ED LOPES CEO SERP X 3729759 4202877 0 1 1 JOEL KELLER EVP/CFO SERP X 1765500 1781648 0 1 1 5984525 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE THREE INDIVIDUALS WHOM ARE RELATED ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 DEPOSITORS WITH A MINIMUM OF $5 BALANCE IN THEIR SAVINGS ACCOUNT ARE MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE VOTING RIGHTS WHICH ARE LIMITED TO THE ANNUAL MEETING AND ANY SPECIAL MEETINGS HELD DUE TO CHARTER CHANGES, MERGERS, ETC. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS ARE VOTED BY THE MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CFO AND PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS THIS ANNUALLY TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE CEO COMPENSATION. MANAGEMENT APPROVES ALL OTHER EMPLOYEE COMPENSATION AND MEETS YEARLY TO DISCUSS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CALL REPORT AND FINANCIAL INFORMATION IS AVAILABLE THROUGH THE NCUA WEBSITE AND PRIVACY POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E FORECLOSURE EXPENSE 177,760. POSTAGE 163,368. ATM FEES 146,992. PARKING AND BUILDING EXPENSE 140,346. EDUCATION AND TRAINING 128,187. TECHNICAL ASSISTANCE 118,595. CONSULTANTS 114,474. PROVISION FOR LOAN LOSSES 105,000. CHARTITABLE CONTRIBUTIONS 104,280. OTHER INSURANCE 99,485. DUES AND SUBSCRIPTIONS 90,787. COMM. OF MASS. ASSESSMENT 67,243. CREDIT REPORTS 59,242. STATEMENT PROCESSING 56,699. BANK FEES 46,833. DIRECTORS MEETING 8,921. FORM 990, PART XI, LINE 9: FAS158 OCI ADJUSTMENT -697,261. FORM 990, PART IV, LINE 12 AND FORM 990, PART XI, LINE 2B AUDITED FINANCIAL STATEMENTS WERE PREPARED AS OF 09/30/16