2014-06-03T10:00:17-05:00 2013-12-31 111986323 MARCUM LLP 53 STATE STREET FLOOR 38 BOSTON MA 02109 990 2013-01-01 042079800 ENERGY CREDIT UNION ENER 6173251999 156 SPRING STREEST WEST ROXBURY MA 02132 PAUL N NOCE PRESIDENT & CEO 6173251999 2014-05-28 1 DAVID ST YVES P00178146 6177429666 2013 2015-11-30 17:44:51Z PAUL N NOCE 156 SPRING STREET WEST ROXBURY MA 02132 21591764 0 X N/A X MA STATE CHARTERED CREDIT UNION 10 9 14 9 22369 -73758 0 0 2699750 2337865 380288 152483 191556 227417 3271594 2717765 0 0 0 0 1053791 1030082 0 0 0 2216922 3152567 3270713 4182649 881 -1464884 91069505 87435286 74746525 72681257 16322980 14754029 X ENERGY CREDIT UNION IS A STATE CHARTERED CREDIT UNION. THE CREDIT UNION PROVIDES DEPOSIT AND LOAN SERVICES TO ITS MEMBERS. ITS PRIMARY DEPOSIT PRODUCTS ARE SAVINGS, CHECKING AND TERM CERTIFICATE ACCOUNTS AND ITS PRIMARY LENDING PRODUCTS ARE RESIDENTIAL MORTGAGE AND CONSUMER LOANS. 0 0 MAINTENANCE OF MEMBERS' DEPOSITS AND PAYMENTS OF INTEREST AND DIVIDENDS, AT 12/31/2013, THE CREDIT UNION HAD 1,407 LOANS OUTSTANDING TOTALING APPROXIMATLEY $38,000,000. ALSO, MEMBERS HAD 10,303 DEPOSIT ACCOUNTS TOTALING APPROXIMATLEY $71,000,000. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1463 0 14 1 1 1 0 0 0 0 0 0 0 X 10 9 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X PAUL NOCE 6173251999 156 SPRING STREET WEST ROXBURY MA 02132 JOSEPH C CARROLL DIRECTOR 4.00 X 0 0 0 DEBORAH CASNA DIRECTOR 4.00 X 0 0 0 BERNARD DOHERTY DIRECTOR 4.00 X 0 0 0 DANIEL O'CONNELL DIRECTOR 4.00 X 0 0 0 DIANE DUHAIME DIRECTOR, TREASURER 4.00 X 0 0 0 WILLIAM GOODWIN DIRECTOR 4.00 X 0 0 0 BARBARA KELLEHER DIRECTOR, CHAIRPERSON 4.00 X 0 0 0 MARIE PREVETT DIRECTOR & COO 40.00 X X 102723 0 0 PAUL RICHARDSON DIRECTOR, VICE CHAIRPERSON 4.00 X 0 0 0 ROBERT TEDESCO DIRECTOR 4.00 X 0 0 0 THOMAS P HESSION VICE PRESIDENT & CFO 40.00 X 4154 0 0 PAUL N NOCE PRESIDENT & CEO 40.00 X 176328 0 0 283205 0 0 2 0 1 0 CONNECTICUT ONLINE (COCC) 135 DARLING DRIVE AVON CT 06001 DATA PROCESSING 255821 ELAN 1255 CORPORATE DRIVE IRVING TX 75038 DATA PROCESSING 151749 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM SERVICES 108404 3 INTEREST ON LOANS 522100 2337865 2337865 2337865 371813 371813 18654669 18873999 -219330 -219330 -219330 OTHER INCOME 900099 160012 160012 SERVICE CHARGES & FEES 900099 45036 45036 ATM FEES 522100 22369 22369 227417 2717765 2695396 22369 0 283205 283205 746877 746877 138356 138356 89506 89506 47222 47222 28855 28855 476085 476085 159682 159682 35829 35829 476628 476628 242525 242525 81610 81610 PROVISION FOR LOAN LOSS 521202 521202 MISCELLANEOUS 327960 327960 EQUIPMENT MAINTENANCE 272173 272173 LOSS ON ABANDONMENT 197766 197766 57168 57168 4182649 0 4182649 0 2918481 1489777 27076158 18689043 816762 785432 44388517 38002234 114401 128585 3786225 576442 3640720 3209783 10791238 23784452 1323228 1345980 91069505 87435286 865873 1293320 73880652 71387937 74746525 72681257 X 0 0 0 0 16322980 14754029 16322980 14754029 91069505 87435286 -1464884 -104067 0 X 0 1 X 1 0 0 0 700000 700000 2499139 246668 2252471 288104 206316 81788 298982 123458 175524 3209783 MEMBER SHARES AND DEPOSIT ACCOUNTS 71387937 71387937 X 2717765 0 2717765 0 2717765 4182649 0 4182649 0 4182649 PART X, LINE 2: THE CREDIT UNION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. UNDER THE GUIDANCE THE CREDIT UNION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ONT HE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. THE CREDIT UNION'S POLICY IS TO ANALYZE ITS TAX POSITIONS FOR ALL OPEN YEARS. THE CREDIT UNION HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL OR DISCLOSURE AT DECEMBER 31, 2013. INTEREST AND PENALITIES, IF ANY, ASSOCIATED WITH UNCERTAIN TAX POSITIONS WOULD BE CLASSIFIED AS OTHER EXPENSE IN THE STATEMENT OF INCOME. THE CREDIT UNION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT OF THE CREDIT UNION BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATION FOR TAX YEARS PRIOR TO 2010. X X X 0 0 0 PAUL N NOCE PRESIDENT & CEO 172206 0 4122 0 0 0 0 0 0 0 176328 0 0 0 BERNARD DOHERTY DIRECTOR LOAN X 4000 705 0 1 1 JOSEPH CARROLL DIRECTOR LOAN X 178000 162789 0 1 1 WILLIAM GOODWIN DIRECTOR LOAN X 20414 570 0 1 1 PAUL N NOCE OFFICER LOAN X 19575 14375 0 1 1 PAUL N NOCE OFFICER LOAN X 80000 67384 0 1 1 PAUL N NOCE OFFICER LOAN X 336000 304328 0 1 1 DANIEL O'CONNELL DIRECTOR LOAN X 80000 66458 0 1 1 JOSEPH CARROLL DIRECTOR LOAN X 80000 26378 0 1 1 MARIE E PREVETT DIRECTOR LOAN X 60000 45833 0 1 1 MARIE E PREVETT DIRECTOR LOAN X 16000 3252 0 1 1 MARIE E PREVETT DIRECTOR LOAN X 160000 73873 0 1 1 MARIE E PREVETT DIRECTOR LOAN X 20000 13643 0 1 1 MARIE E PREVETT DIRECTOR LOAN X 5000 4491 0 1 1 ROBERT TEDESCO DIRECTOR LOAN X 3330 1353 0 1 1 785432 FORM 990, PART VI, SECTION A, LINE 2 PAUL NOCE'S BROTHER-IN-LAW IS THE PRESIDENT OF WYATT'S INC. IT CONSULTING OF $30,000 WAS PAID TO WYATT'S INC. DURING 2013. FORM 990, PART VI, SECTION A, LINE 6 PERSONS WHO MEET THE REQUIRMENTS OF THE ORGANIZAITON'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE REVEIWED ONCE COMPLETED. DUE TO TIMING BETWEEN COMPLETION AND FILING DUE DATE, THE REVIEW MAY BE SUBSEQUENT TO FILING. THE BOARDS ACTIONS ARE NOTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS SIGN OFF THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 BOARD APPROVES COMPENSATION BASED UPON PERFORMANCE & INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIALS ARE AVAILABLE ON NCUA.GOV WEBSITE AND POSTED AT THE CREDIT UNION. OTHER INFORMATION IS AVAILABLE UPON REQUEST.