ALIGN CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
ALIGN CREDIT UNION (EIN 04-1680140)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-09
IRS object ID
201301299349301440
Schema version
2012v2.1
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-05-09T12:49:13-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN042865785EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MERCADANTE & MERCADANTE PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2125AddressLine1
CityFITCHBURGCity
StateMAState
ZIP Code01420ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN041680140EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1NORTHERN MASS TELEPHONE WORKER'SBusinessNameLine1
Business Name Line2COMMUNITY CREDIT UNIONBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlNORTNameControl
Phone9784529961Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 MARKET STREETAddressLine1
CityLOWELLCity
StateMAState
ZIP Code01851ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameKENNETH DEL ROSSIName
TitlePRESIDENTTitle
Phone9784529961Phone
Date Signed2013-05-08DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameANTHONY J MERCADANTEName
PTINP00541053PTIN
Phone9783420647Phone
Date Prepared2013-05-08DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKENNETH DEL ROSSINameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line140 MARKET STREETAddressLine1
CityLOWELLCity
StateMAState
ZIP Code01851ZIPCode
FieldValueIRS element (for citing)
Gross Receipts23565398GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.NMTWCU.ORGWebSite
Type Of Organization OtherXTypeOfOrganizationOther
Type Of Org Other DescriptionCREDIT UNIONTypeOfOrgOtherDescription
Year Formation1922YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTHE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESSIBLE CREDIT TO ITS MEMBERS.ActivityOrMissionDescription
Nbr Voting Members Governing Body14NbrVotingMembersGoverningBody
Nbr Independent Voting Members13NbrIndependentVotingMembers
Total Nbr Employees142TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI22202TotalGrossUBI
Net Unrelated Business Txbl Income-61357NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year13294985ProgramServiceRevenuePriorYear
Program Service Revenue CY12693476ProgramServiceRevenueCY
Investment Income Prior Year5621757InvestmentIncomePriorYear
Investment Income Current Year4766456InvestmentIncomeCurrentYear
Other Revenue Prior Year4737956OtherRevenuePriorYear
Other Revenue Current Year6105466OtherRevenueCurrentYear
Total Revenue Prior Year23654698TotalRevenuePriorYear
Total Revenue Current Year23565398TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year4583416BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY3595280BenefitsPaidToMembersCY
Salaries Etc Prior Year8410972SalariesEtcPriorYear
Salaries Etc Current Year8742921SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year10267231OtherExpensePriorYear
Other Expenses Current Year9857406OtherExpensesCurrentYear
Total Expenses Prior Year23261619TotalExpensesPriorYear
Total Expenses Current Year22195607TotalExpensesCurrentYear
Revenues Less Expenses Prior Year393079RevenuesLessExpensesPriorYear
Revenues Less Expenses CY1369791RevenuesLessExpensesCY
Total Assets BOY527746056TotalAssetsBOY
Total Assets EOY543411904TotalAssetsEOY
Total Liabilities BOY458650728TotalLiabilitiesBOY
Total Liabilities EOY470832874TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY69095328NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY72579030NetAssetsOrFundBalancesEOY
Mission DescriptionTHE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense3595280Expense
DescriptionDIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense6543573Expense
DescriptionEMPLOYEES SALARIES, WAGES AND BENEFITS (EXCLUDING OFFICERS)Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense3429618Expense
DescriptionMEMBER SERVICESDescription
FieldValueIRS element (for citing)
Total Program Service Expense13568471TotalProgramServiceExpense
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109612355NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees142NumberOfEmployees
Employment Tax Returns Filed0EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members14NbrVotingGoverningBodyMembers
Number Independent Voting Members13NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons0AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement0RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1KENNETH M DEL ROSSIBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number9784529961TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line140 MARKET STREETAddressLine1
CityLOWELLCity
StateMAState
ZIP Code01851ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (18 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
GEORGE R GAGAN
CHAIRMAN OF THE BOARD0.00X000
FRANCIS J MCKENNEY
1ST VICE-CHAIRMAN0.00X000
STEVEN P SOUSA
TREASURER0.00X000
KAREN A MORRIS
CLERK0.00X000
STEVEN J BABBITT
DIRECTOR0.00X000
JOHN J CROWLEY
DIRECTOR0.00X000
DANIEL P GOLDEN
DIRECTOR0.00X000
FRANK H LOSPENNATO
DIRECTOR0.00X000
DAVID R MORRIS
DIRECTOR-CLERK0.00X000
RICHARD W PIECEWICZ
2ND VICE-CHAIRMAN0.00X000
LINDA L PURTELL
DIRECTOR0.00X000
ALAN J SEXTON
DIRECTOR0.00X000
MAXWELL RODGERS
DIRECTOR0.00X000
KENNETH M DEL ROSSI
PRESIDENT AND CEO40.00X3330460142266X
THOMAS HAMMOND
CFO40.00190611043835X
PAUL DUFF
SR VP OF COLLECTIONS40.00133507029892X
JOANNE MCCARTHY
SR VP OF RETAIL40.00124669024240X
SUE MORRISON
SR VP OF HR/OPERATIONS40.00130489024854X
FieldValueIRS element (for citing)
Total Reportable Comp From Org912322TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation265087TotalOtherCompensation
Number Individuals GT100 K5NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionPROG.SERV.REVENUE-RELADescription
Business Code522100BusinessCode
Total Revenue Column12693476TotalRevenueColumn
Related Or Exempt Function Income12693476RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue12693476TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column4766456TotalRevenueColumn
Related Or Exempt Function Income4766456RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
GAIN ON SALE OF LOANS52210019923091992309
INTERCHANGE INCOME52210013773581377358
GAIN ON SALE OF INVESTMENTS52210012045961204596

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column1531203TotalRevenueColumn
Related Or Exempt Function Income1509001RelatedOrExemptFunctionIncome
Unrelated Business Revenue22202UnrelatedBusinessRevenue
FieldValueIRS element (for citing)
Total Other Revenue6105466TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column23565398TotalRevenueColumn
Related Or Exempt Function Income23543196RelatedOrExemptFunctionIncome
Unrelated Business Revenue22202UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount
FieldValueIRS element (for citing)
Info In Schedule O Part IXXInfoInScheduleOPartIX

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total3595280Total
Program Services3595280ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total1036370Total
Management And General1036370ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total5248024Total
Program Services5248024ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total678164Total
Program Services452109ProgramServices
Management And General226055ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total1265160Total
Program Services843440ProgramServices
Management And General421720ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total515203Total
Program Services343469ProgramServices
Management And General171734ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total38720Total
Management And General38720ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total662019Total
Management And General662019ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total932064Total
Management And General932064ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total137413Total
Program Services34353ProgramServices
Management And General103060ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total665246Total
Management And General665246ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total634514Total
Management And General634514ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
LOAN LOSS PROVISION13254781325478
MISC EXP981917981917
ADVERTISING908359908359
SERVICE CONTRACT664729664729

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total2906947Total
Program Services1726318ProgramServices
Management And General1180629ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total22195607Total
Program Services13568471ProgramServices
Management And General8627136ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY9860581BOY
EOY4042701EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY11587431BOY
EOY6995419EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY263350979BOY
EOY268334955EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis13546213LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec5166061LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY7694033BOY
EOY8380152EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY222825427BOY
EOY241089970EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY4142100BOY
EOY4320100EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY8285505BOY
EOY10248607EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY527746056BOY
EOY543411904EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY458650728BOY
EOY470832874EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY458650728BOY
EOY470832874EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY69095328BOY
EOY72579030EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY69095328BOY
EOY72579030EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY527746056BOY
EOY543411904EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses1369791ReconcilationRevenueExpenses
Reconciliation Unrealized Invest2113911ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Investment Cost Or Other Basis1630000InvestmentCostOrOtherBasis
Book Value1630000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Investment Cost Or Other Basis8394703InvestmentCostOrOtherBasis
Depreciation3476715Depreciation
Book Value4917988BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Investment Cost Or Other Basis3521510InvestmentCostOrOtherBasis
Depreciation1689346Depreciation
Book Value1832164BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings8380152TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescriptionAmountAmount
RESERVE FOR 457F$292,500
ACCRUED EXPENSES$444,558
POSTRETIREMENT RESERVE$440,316
MORTGAGORS' TAX ESCROW ACCOUNT$901,128
OTHER LIABILITIES$1,797,269
MEMBERS' SHARE AND DEPOSIT ACCOUNTS$406,957,103
BORROWINGS$60,000,000
FieldValueIRS element (for citing)
Total Of Amounts470832874TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt23565398TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal23565398RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form99023565398TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt22195607TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal22195607ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form99022195607TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
KENNETH M DEL ROSSI
PRESIDENT AND CEO320490060380651803825001040160475312000
THOMAS HAMMOND
CFO18482803472023110276680161670234446000
PAUL DUFF
SR VP OF COLLECTIONS1293460253601625019919099730163399000
SUE MORRISON
SR VP OF HR/OPERATIONS127449024710569019403054510155343000

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION HAS MEMBERS
FORM 990, PART VI, SECTION A, LINE 7ATHE CREDIT UNION HOLDS AN ANNUAL MEETING ACCORDING TO ITS BYLAWS WHERE ALL MEMBERS ARE GIVEN PROPER NOTIFICATION. THE BYLAWS CALL FOR THE ELECTION OF DIRECTORS WHOSE TERMS HAVE EXPIRED.
FORM 990, PART VI, SECTION A, LINE 7BTHE CREDIT UNION MEMBERS RATIFY DECISIONS OF THE GOVERNING BODY AT THEIR ANNUAL MEETING AND ELECT DIRECTORS AT THAT TIME.
FORM 990, PART VI, SECTION B, LINE 11THE ORGANIZATION CONTRACTS WITH THEIR CPA FIRM TO PREPARE FORM 990. AFTER PREPARATION, A DRAFT COPY IS SENT TO THE PRESIDENT AND CEO AND THE CHIEF FINANCIAL OFFICER FOR REVIEW. ONCE APPROVED THE 990 IS FILED. A COPY OF THE 990 IS PROVIDED TO THE AUDIT COMMITTEE AND THE FULL BOARD FOR THEIR REVIEW AND RATIFICATION AT THE MEETING FOLLOWING THE FILING OF THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 15THE CREDIT UNION USES AN OUTSIDE CONSULTING FIRM THAT DOES COMPENSATION ANALYSIS. THE CONSULTING FIRM SURVEY ALL INDUSTRIES BOTH LOCALLY AND NATIONALLY AND PROVIDES THE CREDIT UNION WITH SALARY LEVEL RECOMMENDATIONS. THE CREDIT UNION'S BOARD OF DIRECTORS SPECIFICALLY SETS GOALS FOR THE CEO ANNUALLY AND HE IS THEN EVALUATED ON THESE GOALS AND OFFER SALARY WITHIN THE PROVIDED RANGES.
FORM 990, PART VI, SECTION C, LINE 19THE CREDIT UNION MAKES THE DOCUMENTS AVAILABLE UPON REQUEST
FORM 990, PART IX, LINE 24ECREDIT CARD PROCESSING: PROGRAM SERVICE EXPENSES 481,806. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 481,806. NCUSIF STABILIZATION EXPENSE: PROGRAM SERVICE EXPENSES 369,978. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 369,978. CREDIT UNION REWARDS EXP: PROGRAM SERVICE EXPENSES 246,490. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 246,490. ATM EXPENSES: PROGRAM SERVICE EXPENSES 243,007. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 243,007. CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 233,722. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 233,722. DATA PROCESSING: PROGRAM SERVICE EXPENSES 230,810. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 230,810. PROMOTIONAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 191,795. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 191,795. DONATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 152,637. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 152,637. DEPOSITS/CHECK PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 149,227. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 149,227. EXAMINATION & AUDIT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 140,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,000. STUDENT LOAN: PROGRAM SERVICE EXPENSES 93,191. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 93,191. DIRECTOR'S EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 75,150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,150. INSURANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 71,768. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,768. CREDIT BUREAU: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 60,998. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,998. PAYROLL FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 53,752. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,752. COURIER SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 51,580. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,580. N.O.W. CHARGES: PROGRAM SERVICE EXPENSES 39,020. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,020. TRAINING: PROGRAM SERVICE EXPENSES 22,016. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,016.ALL OTHER FUNCTIONAL EXPENSES
FORM 990, PAGE 12 PART XII, LINE 2CTHE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR.RESPONSIBILITY FOR ANNUAL INDEPENDENT AUDIT

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