2012-11-13T16:08:51-06:00 2011-12-31 042513210 GERALD T REILLY & COMPANY INC 424 ADAMS STREET MILTON MA 02186 990 2011-01-01 043414490 TREMONT CREDIT UNION TREM 7818435626 PO BOX 850649 BRAINTREE MA 021850649 KEVIN MCCARTHY 7818435626 2012-11-13 1 JOE FEMIA P01438848 6176968900 2012-11-13 2011 2016-02-24 21:20:13Z KEVIN MCCARTHY 150 GROSSMAN DRIVE BRAINTREE MA 02185 8063153 0 X WWW.TREMONTCU.ORG X 1952 MA STATE CHARTERED CREDIT UNION 11 11 67 0 0 -6156 0 0 11293807 7886333 117699 176820 0 0 11411506 8063153 0 0 0 0 3402545 2942196 0 0 0 1936383 5564558 5338928 8506754 6072578 -443601 169611141 164591584 148835939 144393998 20775202 20197586 STATE CHARTERED CREDIT UNION 0 0 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 0 1 3410 0 1 67 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 1 1 1 1 1 0 1 1 0 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 2.00 X 0 0 0 GEORGE HARDIMAN 10.00 X 15000 0 0 DONALD SMITH 2.00 X 0 0 0 MATHEW MACHERA 2.00 X 0 0 0 KEVIN MULLEN 2.00 X 0 0 0 DAVID OWENS 2.00 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 GEORGE LAMB 40.00 X 149964 0 15568 MICHAEL MULLEN 40.00 X 112399 0 14430 VANESSA GREENE 40.00 X 70572 0 10591 MICHAEL O'MALLEY 40.00 X 76731 0 0 JAMES BROUDER 40.00 X 44661 0 4436 BLAIR NURSE 40.00 X 9227 0 12642 KELLI WYNNE 40.00 X 53745 0 986 532299 0 58653 2 1 1 0 0 LOAN INCOME 522100 6369799 6369799 FEE INCOME 522100 1409699 1409699 INSURANCE COMMMISSIONS 522100 113574 113574 DECREASE IN CSV OF LIF 522100 -6739 -6739 7886333 176820 176820 8063153 7886333 0 176820 532299 1806772 53560 342212 207353 30486 196315 491300 104481 517298 756772 22129 33234 930401 243943 97370 PROVISION FOR LOAN LOSS 875314 SERVICE FEES 606403 NCUSIF STABILIZATION 357938 COMPUTER SOFTWARE 182736 118438 8506754 1676740 1503450 44417445 38175247 2923633 1858442 114379208 114540859 192954 195179 3681056 2945831 655326 735225 2941833 3275389 3262239 2090446 1379110 169611141 164591584 1010484 1538112 147825455 142855886 148835939 144393998 X 0 0 0 0 20775202 20197586 20775202 20197586 169611141 164591584 X -443601 -134015 X 0 1 1 X 0 1412987 859810 553177 2268069 2086021 182048 735225 MEMBERS' SHARES AND SAVINGS ACCOUNTS 142855886 142855886 8063153 8506754 -443601 65354 -199369 -134015 -577616 8063153 0 8063153 0 8063153 8506754 0 8506754 0 8506754 PART XI, LINE 8 - OTHER ADJUSTMENTS: OCI FAS 158 DEFINED BENEFIT PLAN AND SERP ADJUSTMENT -199,369. X X 1 0 0 GEORGE LAMB 149964 0 0 0 0 0 0 0 15568 0 165532 0 0 0 JAMES BROUDER 30000 0 0 0 14661 0 0 0 4436 0 49097 0 0 0 BLAIR NURSE 9227 0 0 0 0 0 0 0 12642 0 21869 0 0 0 KELLI WYNNE 53745 0 0 0 0 0 0 0 986 0 54731 0 0 0 PART I, LINE 4A BLAIR NURSE WAS THE LENDING MANAGER AT THE CREDIT UNION UNTIL JULY 30, 2010. IN ACCORDANCE WITH A SIGNED AGREEMENT, BLAIR RECEIVED A SEVERANCE PACKAGE CONSISTING OF NORMALLY SCHEDULED PAYROLL CHECKS, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS, FROM JULY 30, 2010 UNTIL JANUARY 30, 2011. THE PORTION OF THIS COMPENSATION RECEIVED IN 2011 TOTALED $9,200 AND WAS INCLUDED ON HIS W-2 FOR 2011. PART I, LINE 4A KELLI WYNNE WAS THE VICE PRESIDENT OF HUMAN RESOURCES AT THE CREDIT UNION UNTIL JULY 7, 2011. IN ACCORDANCE WITH A SIGNED AGREEMENT, KELLI RECEIVED A SEVERANCE PACKAGE CONSISTING OF NORMALLY SCHEDULED PAYROLL CHECKS, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS, WHICH WAS INCLUDED ON HER W-2 FOR 2011. PART I, LINE 4A JAMES BROUDER 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 SALARIES, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS. THE PORTION OF THIS COMPENSATION RECEIVED IN 2011 TOTALED $44,661 ($30,000 SEVERANCE AND $14,661 PAID DEFERRED COMP) AND WAS INCLUDED ON HIS W-2 FOR 2011. 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 CURRENTLY THE CREDIT UNION DOES NOT HAVE A POLICY IN PLACE FOR THE GOVERNING BODY TO REVIEW THE FORM 990. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 65,354. OCI FAS 158 DEFINED BENEFIT PLAN AND SERP ADJUSTMENT -199,369. TOTAL TO FORM 990, PART XI, LINE 5: -134,015.