WORKERS FEDERAL CREDIT UNION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- WORKERS FEDERAL CREDIT UNION (EIN 04-2079901)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2015-02-28
- IRS object ID
- 201510599349300306
- Schema version
- 2013v4.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-02-28T10:33:28-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOLF & COMPANY PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 99 HIGH STREET 21ST FLOOR | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042079901 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Workers' Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % WORKERS CREDIT UNION | InCareOfNm |
| Business Name Control | WORK | BusinessNameControlTxt |
| Phone | 9783451021 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 815 Main Street | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | Fitchburg | City |
| State | MA | State |
| ZIP Code | 014200900 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J TIMOTHY SMITH | PersonNm |
| Person Title | SVP/CFO/Treasurer | PersonTitleTxt |
| Phone | 9783451021 | PhoneNum |
| Signature | 2014-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Michael J Rowe CPA | PreparerPersonNm |
| PTIN | P00535831 | PTIN |
| Phone | 9783451021 | PhoneNum |
| Preparation | 2014-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Douglas Petersen | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 815 MAIN STREET | AddressLine1 |
| City | Fitchburg | City |
| State | MA | State |
| ZIP Code | 014200900 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $50,511,421 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | http://www.wcu.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1914 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE ORGANIZATION IS A STATE CHARTERED CREDIT UNION THAT SERVES MEMBERS WHO LIVE OR WORK IN MASSACHUSETTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 271 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $195,009 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$346,791 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $43,324,583 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $44,544,036 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,540,547 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,951,045 | CYInvestmentIncomeAmt |
| PY Other Revenue | $63,318 | PYOtherRevenueAmt |
| CY Other Revenue | $16,340 | CYOtherRevenueAmt |
| PY Total Revenue | $49,928,448 | PYTotalRevenueAmt |
| CY Total Revenue | $50,511,421 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $14,128,514 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $15,720,131 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $24,252,535 | PYOtherExpensesAmt |
| CY Other Expenses | $25,821,546 | CYOtherExpensesAmt |
| PY Total Expenses | $38,381,049 | PYTotalExpensesAmt |
| CY Total Expenses | $41,541,677 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,547,399 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,969,744 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $913,270,562 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,038,005,093 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $791,518,870 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $910,462,304 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $121,751,692 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $127,542,789 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE ORGANIZATION IS A STATE CHARTERED CREDIT UNION THAT SERVES MEMBERS WHO LIVE OR WORK IN MASSACHUSETTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | The Credit Union is cooperative owned, directed and dedicated to its members. As of 12/31/2013, the Credit Union's net loans totaled $742 million and share deposits totaled $707 million. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 44924 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 271 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WORKERS CREDIT UNION | PersonNm |
| Phone | 9783451021 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 815 MAIN STREET | AddressLine1 |
| City | FITCHBURG | City |
| State | MA | State |
| ZIP Code | 014200900 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 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 | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| JOHN S FORD | |||||||||
| vice chairman | 1.0 | Yes (X) | Yes (X) | $1,031 | $0 | $0 | |||
| MARINA M RAHER | |||||||||
| Director/Audit comm chair | 1.0 | Yes (X) | $1,089 | $0 | $0 | ||||
| ERIC D SHAPIRO | |||||||||
| DIRECTOR/Assistant Clerk | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JOHN MORSE | |||||||||
| CLERK/Director | 1.0 | Yes (X) | Yes (X) | $1,266 | $0 | $0 | |||
| WILHO MYLLYMAKI | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES E ROUSE | |||||||||
| Chairman | 1.0 | Yes (X) | Yes (X) | $3,283 | $0 | $0 | |||
| RAYMOND J MARTINO | |||||||||
| DIRECTOR | 1.0 | Yes (X) | $1,610 | $0 | $0 | ||||
| Melissa Fetterhoff | |||||||||
| Director | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| James Dolan | |||||||||
| Director | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Mary Heafy | |||||||||
| Director | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| DOUGLAS J PETERSEN | |||||||||
| President/CEO | 40.0 | Yes (X) | $429,478 | $0 | $40,879 | ||||
| CATHERINE GOODALL | |||||||||
| CONTROLLER/ASSISTANT TREASURER | 40.0 | Yes (X) | $131,330 | $0 | $10,164 | ||||
| J Timothy Smith | |||||||||
| SVP - CFO & Treasurer | 40.0 | Yes (X) | $194,579 | $0 | $36,325 | ||||
| LINDA JACKSON | |||||||||
| AVP, TRAINING MANAGER | 40.0 | $95,382 | $0 | $8,559 | Yes (X) | ||||
| John M DOOLIN | |||||||||
| SVP of HUMAN RESOURCES | 40.0 | $169,516 | $0 | $15,117 | Yes (X) | ||||
| MICHAEL J DEMBOWSKI | |||||||||
| SVP of Oper, Tech & Compliance | 40.0 | $144,699 | $0 | $10,087 | Yes (X) | ||||
| JOHN C DOYLE JR | |||||||||
| SVP of Retail Services | 40.0 | $157,090 | $0 | $11,875 | Yes (X) | ||||
| ROBERT GALLO | |||||||||
| AVP Commercial Lending | 40.0 | $145,668 | $0 | $13,662 | Yes (X) | ||||
| THOMAS J GRAY | |||||||||
| SVP of Lending | 40.0 | $163,952 | $0 | $12,341 | Yes (X) | ||||
| GORDON R WETMORE | |||||||||
| SVP pf Marketing | 40.0 | $156,777 | $0 | $11,857 | Yes (X) | ||||
| Linda Lagoy | |||||||||
| VP, Reginal Manager | 40.0 | $113,113 | $0 | $9,180 | Yes (X) | ||||
| Richard Rogers | |||||||||
| Vice President | 40.0 | $114,851 | $0 | $5,842 | Yes (X) | ||||
| Robert Remillard | |||||||||
| VP/Sales Manager | 40.0 | $110,172 | $0 | $9,035 | Yes (X) | ||||
| David Thibodeau | |||||||||
| VP/Information Technology | 40.0 | $103,284 | $0 | $10,974 | Yes (X) | ||||
| William Mullin | |||||||||
| SVP Bus Banking & Comm lending | 40.0 | $172,629 | $0 | $13,789 | Yes (X) | ||||
| John Manfroni | |||||||||
| AVP, Risk Mgmt Officer, CRCM | 40.0 | $95,989 | $0 | $9,170 | Yes (X) | ||||
| DAVID ROGERS | |||||||||
| SVP OF COMMERCIAL DEVELOPMENT | 40.0 | $100,713 | $0 | $9,415 | Yes (X) | ||||
| DAVID EARLS | |||||||||
| REGISTERED INSURANCE & INV REP | 40.0 | $250,626 | $0 | $14,318 | Yes (X) | ||||
| MARK FANTASIA | |||||||||
| VP INSURANCE & INVESTMENT | 40.0 | $226,821 | $0 | $15,187 | Yes (X) | ||||
| CATHERINE BENOIT | |||||||||
| AVP Mortgage Lending | 40.0 | $214,933 | $0 | $10,967 | Yes (X) | ||||
| Glen Marshall | |||||||||
| Mortgage Originator | 40.0 | $143,987 | $0 | $8,274 | Yes (X) | ||||
| FREDERICK D HEALEY | |||||||||
| former PRESIDENT/CEO | 0.0 | $129,224 | $0 | $149 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,573,092 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $287,166 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Intuit Financial Services | |||||
| PO BOX 515306 | LOS ANGELES | CA | 900516606 | Consulting | $585,197 |
| Smith Jones | |||||
| 76 Main Street | STURBRIDGE | MA | 01566 | MARKETING | $615,682 |
| Blue Cross Blue Shield | |||||
| PO Box 371318 | PITTSBURGH | PA | 152507318 | insurance | $1,809,968 |
| EPLUS Technology Inc | |||||
| po box 404398 | ATLANTA | GA | 303844398 | technology solutions | $397,756 |
| My CU Mortgage | |||||
| 3040 Presidential Dr | FAIRBORN | OH | 45324 | Mortgage Servicing | $251,307 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 26 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| ATM SURCHARGES/SHARED BRANCHING | 522100 | $78,814 | $78,814 | |
| INTEREST ON LOANS | $33,311,448 | $33,311,448 | ||
| FEES | $11,153,774 | $11,153,774 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $44,544,036 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,175,085 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $116,195 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,058,890 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $16,340 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $16,340 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,340 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,340 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $775,960 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $775,960 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $775,960 | TotalRevenueColumnAmt |
| Exclusion | $775,960 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,511,421 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,481,562 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $195,009 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,834,850 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,443,868 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,786,762 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,007,617 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,501,529 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $980,355 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,697 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,190 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $707,375 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,231,077 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,363,389 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,776,416 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,234,108 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,853 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,519 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,864,001 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,320,927 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| LOAN LOSS PROVISION | $5,510,925 |
| NCUSIF INSURANCE ASSESSMENT | $655,948 |
| LOAN SERVICING EXPENSE | $932,733 |
| DUES, MEMBERSHIPS, SUBSCIPTS | $155,799 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,589 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,541,677 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,893,027 | BOYAmt |
| EOY | $16,182,844 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $660,879,936 | BOYAmt |
| EOY | $742,122,702 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,770,158 | BOYAmt |
| EOY | $9,809,364 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $23,077,005 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,060,383 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,901,255 | BOYAmt |
| EOY | $8,016,622 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,746,503 | BOYAmt |
| EOY | $247,279,049 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,079,683 | BOYAmt |
| EOY | $14,594,512 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $913,270,562 | BOYAmt |
| EOY | $1,038,005,093 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $791,518,870 | BOYAmt |
| EOY | $910,462,304 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $791,518,870 | BOYAmt |
| EOY | $910,462,304 | 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 | $8,301,403 | BOYAmt |
| EOY | $8,301,403 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,450,289 | BOYAmt |
| EOY | $119,241,386 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,751,692 | BOYAmt |
| EOY | $127,542,789 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $913,270,562 | BOYAmt |
| EOY | $1,038,005,093 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $8,969,744 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$3,178,647 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,368,902 | OtherCostOrOtherBasisAmt |
| Book Value | $1,368,902 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,298,996 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,303,743 | DepreciationAmt |
| Book Value | $4,995,253 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $626,949 | OtherCostOrOtherBasisAmt |
| Depreciation | $562,066 | DepreciationAmt |
| Book Value | $64,883 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Equipment | EquipmentGrp |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,782,158 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,194,574 | DepreciationAmt |
| Book Value | $1,587,584 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,016,622 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| SHARE AND DEPOSIT ACCOUNTS | $706,482,980 |
| OTHER LIABILITIES | $4,979,324 |
| SHORT TERM BORROWINGS | $8,000,000 |
| LONG TERM DEBT | $191,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $910,462,304 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $47,316,434 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$3,178,647 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$3,178,647 | RevenueNotReportedAmt |
| Revenue Subtotal | $50,495,081 | RevenueSubtotalAmt |
| Other Revenues Not Included | $16,340 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $16,340 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $50,511,421 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $41,558,017 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $16,340 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $16,340 | ExpensesNotReportedAmt |
| Expenses Subtotal | $41,541,677 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $41,541,677 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D part XII Line 4b | $16,340 of rental income was reclassified to income from expense. |
| Schedule D Page 4 Part XII Line 2d | $16,340 of rental income was reclassified to income from expense. |
| Schedule D, Page 3, Part X, line 2 | Uncertain Tax Positions The Credit Union is exempt, by statute, from federal taxes on income related to the exempt purpose of the Credit Union. 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 consolidated financial statements. There are no uncertain tax positions that require accrual or disclosure at December 31, 2013 or 2012. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FREDERICK D HEALEY | ||||||||||||||
| former PRESIDENT/CEO | $42,670 | $0 | $86,554 | $0 | $0 | $0 | $0 | $0 | $149 | $0 | $129,373 | $0 | $0 | $0 |
| DOUGLAS J PETERSEN | ||||||||||||||
| President/CEO | $335,550 | $0 | $78,842 | $0 | $15,086 | $0 | $32,800 | $0 | $8,079 | $0 | $470,357 | $0 | $0 | $0 |
| DAVID EARLS | ||||||||||||||
| REGISTERED INSURANCE & INV REP | $242,362 | $0 | $1,000 | $0 | $7,264 | $0 | $7,926 | $0 | $6,392 | $0 | $264,944 | $0 | $0 | $0 |
| MARK FANTASIA | ||||||||||||||
| VP INSURANCE & INVESTMENT | $216,097 | $0 | $10,000 | $0 | $724 | $0 | $9,308 | $0 | $5,879 | $0 | $242,008 | $0 | $0 | $0 |
| John M DOOLIN | ||||||||||||||
| SVP of HUMAN RESOURCES | $131,628 | $0 | $32,648 | $0 | $5,240 | $0 | $7,038 | $0 | $8,079 | $0 | $184,633 | $0 | $0 | $0 |
| CATHERINE BENOIT | ||||||||||||||
| AVP Mortgage Lending | $212,245 | $0 | $0 | $0 | $2,688 | $0 | $7,858 | $0 | $3,109 | $0 | $225,900 | $0 | $0 | $0 |
| MICHAEL J DEMBOWSKI | ||||||||||||||
| SVP of Oper, Tech & Compliance | $114,767 | $0 | $28,298 | $0 | $1,634 | $0 | $4,508 | $0 | $5,579 | $0 | $154,786 | $0 | $0 | $0 |
| JOHN C DOYLE JR | ||||||||||||||
| SVP of Retail Services | $126,615 | $0 | $28,658 | $0 | $1,817 | $0 | $6,499 | $0 | $5,376 | $0 | $168,965 | $0 | $0 | $0 |
| ROBERT GALLO | ||||||||||||||
| AVP Commercial Lending | $122,729 | $0 | $21,989 | $0 | $950 | $0 | $6,128 | $0 | $7,534 | $0 | $159,330 | $0 | $0 | $0 |
| THOMAS J GRAY | ||||||||||||||
| SVP of Lending | $134,961 | $0 | $27,014 | $0 | $1,977 | $0 | $6,762 | $0 | $5,579 | $0 | $176,293 | $0 | $0 | $0 |
| GORDON R WETMORE | ||||||||||||||
| SVP pf Marketing | $125,553 | $0 | $28,420 | $0 | $2,804 | $0 | $5,485 | $0 | $6,372 | $0 | $168,634 | $0 | $0 | $0 |
| J Timothy Smith | ||||||||||||||
| SVP - CFO & Treasurer | $154,015 | $0 | $39,370 | $0 | $1,194 | $0 | $30,746 | $0 | $5,579 | $0 | $230,904 | $0 | $0 | $0 |
| Glen Marshall | ||||||||||||||
| Mortgage Originator | $143,378 | $0 | $50 | $0 | $559 | $0 | $5,856 | $0 | $2,418 | $0 | $152,261 | $0 | $0 | $0 |
| William Mullin | ||||||||||||||
| SVP Bus Banking & Comm lending | $146,044 | $0 | $23,325 | $0 | $3,260 | $0 | $7,170 | $0 | $6,619 | $0 | $186,418 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PART I, 1A AND 1B | ALL EXPENSES PAID ARE WITHIN THE GUIDELINES OF THE CREDIT UNION'S ACCOUNTS PAYABLE POLICY. GUIDELINES FOR THE APPROVAL PROCESS INCLUDE FINAL APPROVAL OF ALL EXPENSES INCURRED BY THE CEO; SENIOR VICE PRESIDENT EXPENSES ARE APPROVED BY THE CEO. THE POLICY IS APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. |
| Schedule J Part I Line 4a | The Former CEO departed the Credit Union at the end of 2010. The Credit Union has made agreed upon severance payments, as part of that departure. The CEO will continue receive payments including salaries, bonus and benefits coverage from the Credit Union through 2013. |
Schedule L IRS990ScheduleL
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part II - Loans to/from Interest Persons | FormAndLineReferenceDesc |
| Explanation | Some of the officers and directors have loans outstanding with the Credit Union. These loans were obtained in the ordinary course of business of the Credit Union on the same terms as are available to all members. Persuant to instructions for Schedule L, these loans are not reportable on Schedule L. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Page 6, Part VI, Section A, Lines 6, 7a & 7b | Members Line 6 - Workers' Credit Union is a state-chartered community credit union. Our field of membership allows us to accept members who either reside in Massachusetts or work for a company that is based in Massachusetts. Line 7a and 7b - The members vote for the board of directors at the annual meeting and on all business brought before the members. |
| Page 6, Part VI, Section B, Line 11a | Review of Form 990 The board of directors has delegated the responsibility of reviewing the form 990 to the CEO and CFO. The form 990 is made available to any board member who requests it. |
| Page 6, Part VI, Section B, Line 12a, b & c | Conflict of interest policy There is a written conflict of interest policy for all board members and all employees. All employees and board members are required to sign off on a code of conduct policy annually which addresses conflicts of interest. The board reviews all conflicts to assure that all conflicts are resolved. |
| Page 6, part VI, Section B, Lines 15a & 15b | Officer Compensation The board reviews and approves the employment contract of the CEO annually. The board uses comparables with other like financial institutions along with job performance factors to determine compensation. |
| Page 6, Part VI, Section C, Line 19 | Public documents The Credit Union makes available all governing documents and form 990 to anyone who asks for it. a copy of the statement of assets income and expense is posted in all banking lobbies. |
| Page 6, Part VI, Section B, Line 16a & 16b | Joint Ventures The Credit Union has invested in several joint ventures. These CUSOs are approved for investing only after careful review of the economics and how the investment will help the Credit Union deliver more financial services to its members. Please refer to Schedule R for details. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Workers Financial Services LLC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 815 Main Street | AddressLine1 |
| City | Fitchburg | City |
| State | MA | State |
| ZIP Code | 01420 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043535666 | EIN |
| Primary Activities | Insurance | PrimaryActivitiesTxt |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Total Income | $113,217 | TotalIncomeAmt |
| End Of Year Assets | $10,896 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Workers CU | BusinessNameLine1 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (8 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NorthEast Member Business Services | ||||||||||||||
| 600 Main street | waltham | MA | 02452 | 201741448 | Loan underwri | NH | RTN Federal CU | unrelated | -$219,440 | $0 | false | $0 | false | 0.23810 |
| Gateway Servces Group LLC | ||||||||||||||
| 7600 E Orchard Rd | Greenwood Village | CO | 801112583 | 061695018 | Insurance | CO | Workers CU | unrelated | $11,507 | $152,200 | false | $0 | false | 0.07380 |
| Member Gateways LLC | ||||||||||||||
| PO Box 2617 | South Bend | IN | 46680 | 911944928 | Product Dev | IN | Workers CU | unrelated | $42,139 | $135,379 | false | $0 | 0.04000 | |
| CUSO Development Company LLC | ||||||||||||||
| 6090 Fulton St E | Ada | MI | 49301 | 020772844 | Mortgage Loan | MI | Workers CU | unrelated | false | $0 | false | |||
| CUSO Financial Services | ||||||||||||||
| PO Box 85744 | San Diego | CA | 92186 | 330731851 | Investments | CA | Workers CU | unrelated | $168,173 | $710,235 | false | $0 | false | 0.01984 |
| CU Student Choice Partners LLC | ||||||||||||||
| 1001 Connecticut Ave NW | Washington | DC | 20036 | 383777896 | Student Loans | DC | Workers CU | unrelated | $134,063 | $228,420 | false | $0 | false | 0.05128 |
| Student CU connect cuso | ||||||||||||||
| 8575 w 110th street suite 220 | Overland Park | KS | 66210 | 263590122 | Student Loans | KS | Workers CU | unrelated | $42,937 | -$886,696 | false | $0 | false | 0.17021 |
| X-Card Systems LLC | ||||||||||||||
| 5 Fram Ave suite 102 | Frazer | PA | 19355 | 261167506 | Debit Cards | PA | X-Card Systems | unrelated | $0 | -$21,794 | false | $0 | false | 0.03394 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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