SEAPORT CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: SEAPORT CREDIT UNION (EIN 04-2015276)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-06
IRS object ID: 201321269349300872
Schema version: 2012v2.0
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
Form 990
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-06T11:55:39-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ROBERT ANDERSON & COMPANY PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	138 DODGE ST	AddressLine1
City	BEVERLY	City
State	MA	State
ZIP Code	019151866	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	042015276	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SEAPORT CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SEAP	NameControl
Phone	9787441153	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	336 LAFAYETTE STREET	AddressLine1
City	SALEM	City
State	MA	State
ZIP Code	01970	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	PATRICIA WARREN	Name
Title	President & CEO	Title
Date Signed	2013-05-06	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Robert Anderson	Name
PTIN	P01462745	PTIN
Phone	9782329300	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	15175745	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Activity Or Mission Description	CREDIT UNION- THRIFT SERVICES	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	17	TotalNbrEmployees
Total Nbr Volunteers	8	TotalNbrVolunteers
Total Gross UBI	3502	TotalGrossUBI
Net Unrelated Business Txbl Income	-6200	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1606019	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1477634	ProgramServiceRevenueCY
Investment Income Prior Year	444444	InvestmentIncomePriorYear
Investment Income Current Year	624813	InvestmentIncomeCurrentYear
Other Revenue Prior Year	266935	OtherRevenuePriorYear
Other Revenue Current Year	308445	OtherRevenueCurrentYear
Total Revenue Prior Year	2317398	TotalRevenuePriorYear
Total Revenue Current Year	2410892	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	816066	SalariesEtcPriorYear
Salaries Etc Current Year	842425	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1551714	OtherExpensePriorYear
Other Expenses Current Year	1546325	OtherExpensesCurrentYear
Total Expenses Prior Year	2367780	TotalExpensesPriorYear
Total Expenses Current Year	2388750	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-50382	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	22142	RevenuesLessExpensesCY
Total Assets BOY	58393237	TotalAssetsBOY
Total Assets EOY	60332636	TotalAssetsEOY
Total Liabilities BOY	49143953	TotalLiabilitiesBOY
Total Liabilities EOY	51092613	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	9249284	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	9240023	NetAssetsOrFundBalancesEOY
Mission Description	CREDIT UNION- THRIFT SERVICES	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	240907	Expense
Description	MAINTENANCE OF MEMBERS' SHARE AND DEPOSIT ACCOUNTS AND THE PAYMENT OF INTEREST THEREON. NUMBER OF ACCOUNTS 5,982.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Revenue	1477634	Revenue
Description	MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF ACCOUNTS 1,026.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	240907	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1029	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	17	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	PATRICIA WARREN	NamePerson
Telephone Number	9787441153	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	336 LAFAYETTE STREET	AddressLine1
City	SALEM	City
State	MA	State
ZIP Code	01970	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
ROBERT G SPYCHALSKI
Director	1.00	0.00	X	0	0	0
LAWRENCE RAUSCH
Director	1.00	0.00	X	0	0	0
MARCEL NADEAU
Director	1.50	0.00	X	0	0	0
PATRICIA WARREN
President & CEO	40.00	0.00	X	120261	0	18471	X
PAUL LEVESQUE
2nd ViceChairma	1.00	0.00	X	0	0	0	X
DAVID LAMONTAGNE
Chairman	1.50	0.00	X	0	0	0	X
PATRICIA LABRIE
Director	1.00	0.00	X	0	0	0
J RICHARD JULIEN
Treasurer	2.00	0.00	X	0	0	0	X
PETER HOMAN
1st Vice Chair	1.00	0.00	X	0	0	0	X
WILLIAM A KEANE
CFO	40.00	0.00		86978	0	24146	X
PATRICIA TARR
OPERATIONS MGR	40.00	0.00		57073	0	15712	X
ANN MARIE WAUGH
VP LENDING	40.00	0.00		69778	0	17468	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	334090	TotalReportableCompFromOrg
Total Other Compensation	75797	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	FISERV	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	75 REMITTANCE DRIVE SUITE 6974	AddressLine1
City	CHICAGO	City
State	IL	State
ZIP Code	60675	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	DATA PROCESSOR	DescriptionOfServices
Compensation	167365	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INTEREST-REAL ESTATE LOAN	522292	1267830	1267830
INTEREST- CONSUMER LOANS	522291	209804	209804

Field	Value	IRS element (for citing)
Total Program Service Revenue	1477634	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	272384	TotalRevenueColumn
Related Or Exempt Function Income	272384	RelatedOrExemptFunctionIncome

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	4235908	Securities
Other	8881374	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	4187171	Securities
Other	8577682	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	48737	Securities
Other	303692	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	352429	TotalRevenueColumn
Related Or Exempt Function Income	352429	RelatedOrExemptFunctionIncome

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
OTHER INCOME	900099	300993	300993
ATM INCOME		7452	3950	3502

Field	Value	IRS element (for citing)
Total Other Revenue	308445	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2410892	TotalRevenueColumn
Related Or Exempt Function Income	2407390	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	3502	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	409888	Total
Management And General	409888	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	325386	Total
Management And General	325386	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	24795	Total
Management And General	24795	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	23666	Total
Management And General	23666	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	58690	Total
Management And General	58690	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	11200	Total
Management And General	11200	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	156517	Total
Management And General	156517	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	88644	Total
Management And General	88644	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	187022	Total
Management And General	187022	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	57214	Total
Management And General	57214	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	17886	Total
Management And General	17886	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	429846	Total
Program Services	240907	ProgramServices
Management And General	188939	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	103839	Total
Management And General	103839	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	15615	Total
Management And General	15615	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
LOAN SERVICING	47713	47713
PROFESSIONAL FEES	58715	58715
ATM EXPENSE	64392	64392
PROVISION FOR LOAN LOSSES	156460	156460

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	151262	Total
Management And General	151262	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	2388750	Total
Program Services	240907	ProgramServices
Management And General	2147843	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	381379	BOY
EOY	361840	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	16536290	BOY
EOY	19734732	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	558441	BOY
EOY	569618	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	33021025	BOY
EOY	32120501	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	63495	BOY
EOY	49144	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2047634	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	810037	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1224234	BOY
EOY	1237597	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	4458231	BOY
EOY	4017493	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	1070500	BOY
EOY	945900	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1079642	BOY
EOY	1295811	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	58393237	BOY
EOY	60332636	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	118742	BOY
EOY	94893	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	110759	BOY
EOY	91753	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	14000000	BOY
EOY	14000000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	34914452	BOY
EOY	36905967	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	49143953	BOY
EOY	51092613	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	9249284	BOY
EOY	9240023	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	9249284	BOY
EOY	9240023	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	58393237	BOY
EOY	60332636	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	22142	ReconcilationRevenueExpenses
Reconcilation Other Changes	-31403	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS
Explanation In Part XIII	X	ExplanationInPartXIII

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	75000	OtherCostOrOtherBasis
Book Value	75000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1378175	OtherCostOrOtherBasis
Depreciation	599634	Depreciation
Book Value	778541	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	34550	OtherCostOrOtherBasis
Depreciation	7388	Depreciation
Book Value	27162	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	559909	OtherCostOrOtherBasis
Depreciation	203015	Depreciation
Book Value	356894	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1237597	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
OTHER LIABILITIES	$489,900
MEMBER SHARES AND DEPOSIT ACCOUNTS	$36,416,067

Field	Value	IRS element (for citing)
Total Of Amounts	36905967	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	2410892	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	2410892	RevenueSubtotal
Total Revenue Per Form990	2410892	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	2388750	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	2388750	ExpensesSubtotal
Total Expenses Per Form990	2388750	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	Part IV, Line 2b	Identifier
Return Reference	Part IV, Line 2b: Explanation of escrow account liability	ReturnReference
Explanation	MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES FOR MUNICIPALITIES.	Explanation

Schedule L IRS990ScheduleL

Loan Table LoanTable (20 entries)

Relationship With OrganizationRelationshipWithOrganization	Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement	Balance DueBalanceDue
MARCEL NADEAU
DIRECTOR	MC	X	$5,000	false	true	true
MARCEL NADEAU
DIRECTOR	MC	X	$10,000	false	true	true	3941
PAUL LEVESQUE
DIRECTOR	AUTO	X	$29,600	false	true	true	19642
RICHARD JULIEN
DIRECTOR	MC	X	$5,000	false	true	true
RICHARD JULIEN
DIRECTOR	MC	X	$5,000	false	true	true	2095
WILLIAM KEANE
OFFICER	AUTO	X	$4,014	false	true	true	1141
J RICHARD JULIEN
DIRECTOR	CREDIT CARD	X	$10,000	false	true	true	299
LAWRENCE RAUSCH
DIRECTOR	AUTO	X	$16,315	false	true	true	3927
WILLIAM KEANE
OFFICER	AUTO LOAN	X	$21,025	false	true	true	7013
ROBERT SPYCHALSKI
DIRECTOR	AUTO	X	$32,013	false	true	true	19838
MARCEL R NADEAU
	CREDIT CARD	X	$10,000	false	true	true
MARCEL R NADEAU
DIRECTOR	AUTO	X	$19,025	false	true	true
MARCEL R NADEAU
DIRECTOR	HOME EQUITY	X	$25,000	false	true	true
MARCEL R NADEAU
DIRECTOR	MORTGAGE	X	$250,000	false	true	true	204191
PAUL P LEVESQUE
DIRCTOR	CREDIT CARD	X	$10,000	false	true	true	1503
PAUL P LEVESQUE
DIRECTOR	HOME EQUITY	X	$130,000	false	true	true	119506
PAUL P LEVESQUE
DIRECTOR	MORTGAGE	X	$108,000	false	true	true	57621
J RICHARD JULIEN
DIRECTOR	MORTGAGE	X	$152,000	false	true	true	106911
J RICHARD JULIEN
DIRECTOR	MORTGAGE	X	$82,000	false	true	true	17719
PATRICIA A WARREN
DIRECTOR	OVERDRAFT	X	$5,000	false	true	true	4271

Field	Value	IRS element (for citing)
Total Balance Due	569618	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part XI, Line 9	Other Changes In Net Assets Or Fund Balances - Other Decreases	CHANGE IN FAS115- UNREALIZED GAIN/LOSS = -$31403
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	Information is posted in credit union lobby and available upon request.
Form 990, Part VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	CEO- DETERMINED BY THE PERSONNEL COMMITTTEE BASED ON INDUSTRY STANDARDS AND SPECIFIC ACHIEVEMENTSS.OFFICERS/KEY EMPLOYEES - DETERMINED BY CEO UTILIZING SAME STANDARDS AS ABOVE.
Form 990, Part VI, Line 11b	Form 990, Part VI, Line 11b: Form 990 Review Process	RESULTS OF THE 990 ARE REVIEWED WITH THE AUDIT COMMITTEE. DUE TO THE TIMING OF THE FILING DUE DATE AND WHEN THE RETURN PREPARED, THE REVIEW MAY BE AFTER FILING.
Form 990, Part VI, Line 6	Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder	Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.