2013-09-30T14:55:20-05:00 2012-12-31 042513210 GERALD T REILLY & COMPANY INC 424 ADAMS STREET MILTON MA 02186 990 2012-01-01 043414490 TREMONT CREDIT UNION TREM 7818435626 PO BOX 850649 BRAINTREE MA 021850649 KEVIN MCCARTHY 7818435626 2013-08-26 1 GIUSEPPE FEMIA CPA P01438848 6176968900 2013-08-26 2012 2016-02-25 16:41:14Z KEVIN MCCARTHY 150 GROSSMAN DRIVE BRAINTREE MA 02185 8231354 0 X WWW.TREMONTCU.ORG X 1952 MA STATE CHARTERED CREDIT UNION 11 10 54 0 0 -6865 0 0 7886333 7029842 176820 314114 0 0 8063153 7343956 0 0 0 0 2942196 2415045 0 0 0 5564558 4910431 8506754 7325476 -443601 18480 164591584 161825820 144393998 141824562 20197586 20001258 STATE CHARTERED CREDIT UNION 0 0 THE CREDIT UNION PROVIDES FINANCIAL PRODUCTS SUCH AS VARIOUS TYPES OF DEPOSIT ACCOUNTS AND LOANS TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3302 0 1 54 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 0 1 1 0 0 0 X KEVIN MCCARTHY TREMONT CREDIT UNION 7818435626 150 GROSSMAN DRIVE BRAINTREE MA 021850649 MARTIN CONNOLLY 2.00 X 0 0 0 DARRELL ELOW 4.00 X X 0 0 0 GEORGE HARDIMAN 10.00 X X 23425 0 0 DONALD SMITH 2.00 X 0 0 0 MATHEW MACHERA 2.00 X 0 0 0 KEVIN MULLEN 4.00 X X 0 0 0 DAVID OWENS 4.00 X X 0 0 0 MARJORIE POWELL 2.00 X 0 0 0 JAMES NEE 2.00 X 0 0 0 EDWARD KENNEDY 2.00 X 0 0 0 CHARLES BAKER 2.00 X 0 0 0 MICHAEL MULLEN 40.00 X 100031 0 10559 MICHAEL O'MALLEY 40.00 X 208463 0 0 LAURA MONAHAN 40.00 X 10403 0 0 JEN HARTMAN 40.00 X 29398 0 0 KEVIN MCCARTHY 40.00 X 97373 0 835 JAMES BRODEUR 40.00 X 13333 0 0 GEORGE LAMB 40.00 X 57946 0 3520 540372 0 14914 2 1 1 0 0 LOAN INCOME 522100 5320811 5320811 FEE INCOME 522100 1598124 1598124 INSURANCE COMMMISSIONS 522100 105668 105668 INCREASE IN CSV OF LIF 522100 5239 5239 7029842 250450 250450 951062 887398 63664 63664 63664 7343956 7093506 0 250450 540372 1383615 40831 257252 192975 123171 162617 689889 46819 459032 762281 7024 12487 606992 213939 105898 PROVISION FOR LOAN LOSS 642893 SERVICE FEES 633172 COMPUTER SOFTWARE 193374 NCUSIF STABILIZATION 130409 120434 7325476 1503450 1426612 38175247 52429136 1858442 1773754 114540859 97939619 195179 450165 3698299 3159770 735225 538529 2941833 2718608 3262239 3101911 1379110 1447486 164591584 161825820 1538112 1254920 142855886 140569642 144393998 141824562 X 0 0 0 0 20197586 20001258 20197586 20001258 164591584 161825820 X 18480 -6509 -208299 X 0 1 X 1 0 1412987 994319 418668 2285312 2165451 119861 538529 MEMBERS' SHARES AND SAVINGS ACCOUNTS 140569642 140569642 7343956 0 7343956 0 7343956 7325476 0 7325476 0 7325476 PART XI, LINE 8, OTHER ADJUSTEMNTS: OCI FAS 158 DEFINED BENEFIT PLAN & SERP ADJUSTMENT: -208,299 X X 1 0 0 MICHAEL O'MALLEY 208463 0 0 0 0 0 0 0 0 0 208463 0 0 0 JAMES BRODEUR 13333 0 0 0 0 0 0 0 0 0 13333 0 0 0 GEORGE LAMB 57946 0 0 0 0 0 0 0 3520 0 61466 0 0 0 PART I, LINE 4A JAMES BRODEUR WAS THE CIO AT THE CREDIT UNION UNTIL DECEMBER 2010. IN ACCORDANCE WITH A DECEMBER 2011 SIGNED SETTLEMENT AGREEMENT, JAMES RECEIVED A SEVERANCE PACKAGE CONSISTING OF SALARY, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS. THE PORTION OF THIS COMPENSATION RECEIVED IN 2012 TOTALED $13,333, AND WAS INCLUDED ON HIS W-2 FOR 2012. PART I, LINE 4A GEORGE LAMB WAS THE CFO AT THE CREDIT UNION UNTIL MARCH 2012. IN ACCORDANCE WITH A MAY 2012 SIGNED SETTLEMENT AGREEMENT, GEORGE RECEIVED A SEVERANCE PACKAGE CONSISTING OF SALARY, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS. THIS SEVERANCE WAS ENTIRELY PAID OUT AND RECEIVED BY GEORGE LAMB DURING 2012 FOR A TOTAL OF $20,770, AND WAS INCLUDED IN HIS 2012 FORM W-2. FORM 990, PART VI, SECTION A, LINE 2 THE VICE-CHAIRPERSON OF THE BOARD OF DIRECTORS IS THE BROTHER OF THE CREDIT UNION'S COO. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF DEPOSITORS WITH A MINIMUM BALANCE OF $5 IN THEIR SAVINGS ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION MAY ELECT ONE OR MORE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE VOTING RIGHTS OVER CERTAIN DECISIONS MADE BY THE GOVERNING BODY (BOARD OF DIRECTORS). VOTING USUALLY TAKES PLACE AT THE ANNUAL MEETING AND THEIR VOTING RIGHTS CONSIST OF ELECTION OF THE BOARD OF DIRECTORS, CORPORATE CHARTER AND BY-LAW CHANGES AND APPROVAL OF MERGERS WITH OTHER FINANCIAL INSTITUTIONS. FORM 990, PART VI, SECTION B, LINE 11 THE CREDIT UNION'S CHAIR OF THE AUDIT COMMITTEE REVIEWS THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS PRIOR TO TAX RETURN BEING FILED. THEN A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF THE DIRECTORS SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: OCI FAS 158 DEFINED BENEFIT PLAN AND SERP ADJUSTMENT -208,299.