ALIGN CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
ALIGN CREDIT UNION (EIN 04-1680140)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-14
IRS object ID
201241359349302659
Schema version
2011v1.2
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)
Timestamp2012-05-14T11:45:03-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

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 Date2011-01-01TaxPeriodBeginDate

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 Signed2012-05-14DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameANTHONY J MERCADANTEName
PTINP00541053PTIN
Phone9783420647Phone
Date Prepared2012-05-14DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

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 Receipts23654698GrossReceipts
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 Employees139TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI27126TotalGrossUBI
Net Unrelated Business Txbl Income-71311NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year14994674ProgramServiceRevenuePriorYear
Program Service Revenue CY13294985ProgramServiceRevenueCY
Investment Income Prior Year5720618InvestmentIncomePriorYear
Investment Income Current Year5621757InvestmentIncomeCurrentYear
Other Revenue Prior Year3906431OtherRevenuePriorYear
Other Revenue Current Year4737956OtherRevenueCurrentYear
Total Revenue Prior Year24621723TotalRevenuePriorYear
Total Revenue Current Year23654698TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year5807353BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY4583416BenefitsPaidToMembersCY
Salaries Etc Prior Year8074048SalariesEtcPriorYear
Salaries Etc Current Year8410972SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year9816984OtherExpensePriorYear
Other Expenses Current Year10267231OtherExpensesCurrentYear
Total Expenses Prior Year23698385TotalExpensesPriorYear
Total Expenses Current Year23261619TotalExpensesCurrentYear
Revenues Less Expenses Prior Year923338RevenuesLessExpensesPriorYear
Revenues Less Expenses CY393079RevenuesLessExpensesCY
Total Assets BOY518011481TotalAssetsBOY
Total Assets EOY527746056TotalAssetsEOY
Total Liabilities BOY451671546TotalLiabilitiesBOY
Total Liabilities EOY458650728TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY66339935NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY69095328NetAssetsOrFundBalancesEOY
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
Expense4583416Expense
DescriptionDIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense6294198Expense
DescriptionEMPLOYEES SALARIES, WAGES AND BENEFITS (EXCLUDING OFFICERS)Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense4457871Expense
DescriptionMEMBER SERVICESDescription
FieldValueIRS element (for citing)
Total Program Service Expense15335485TotalProgramServiceExpense
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
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
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109613524NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees139NumberOfEmployees
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)

TitleTitleIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationAverage Hours Per WeekAverageHoursPerWeekOfficerOfficer
GEORGE R GAGAN
CHAIRMAN OF THE BOARDX000
FRANCIS J MCKENNEY
1ST VICE-CHAIRMANX000
STEVEN P SOUSA
TREASURERX000
KAREN A MORRIS
CLERKX000
STEVEN J BABBITT
DIRECTORX000
JOHN J CROWLEY
DIRECTORX000
DANIEL P GOLDEN
DIRECTORX000
FRANK H LOSPENNATO
DIRECTORX000
DAVID R MORRIS
DIRECTORX000
RICHARD W PIECEWICZ
2ND VICE-CHAIRMANX000
LINDA L PURTELL
DIRECTORX000
ALAN J SEXTON
DIRECTORX000
MAXWELL RODGERS
DIRECTORX000
KENNETH M DEL ROSSI
PRESIDENT AND CEOX311900014401240.00X
THOMAS HAMMOND
CFO17528504567040.00X
PAUL DUFF
SR VP OF COLLECTIONS13124603154540.00X
JOANNE MCCARTHY
SR VP OF RETAIL12070702442940.00X
SUE MORRISON
SR VP OF HR/OPERATIONS12478802517740.00X
FieldValueIRS element (for citing)
Total Reportable Comp From Org863926TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation270833TotalOtherCompensation
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 Column13294985TotalRevenueColumn
Related Or Exempt Function Income13294985RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue13294985TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column5621757TotalRevenueColumn
Related Or Exempt Function Income5621757RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
GAIN ON SALE OF INVEST52210012168381216838
INTERCHANGE INCOME52210012163531216353
OTHER INCOME522100883465883465

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column1421300TotalRevenueColumn
Related Or Exempt Function Income1394174RelatedOrExemptFunctionIncome
Unrelated Business Revenue27126UnrelatedBusinessRevenue
FieldValueIRS element (for citing)
Total Other Revenue4737956TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column23654698TotalRevenueColumn
Related Or Exempt Function Income23627572RelatedOrExemptFunctionIncome
Unrelated Business Revenue27126UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount
FieldValueIRS element (for citing)
Info In Schedule O Part IXXInfoInScheduleOPartIX

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total4583416Total
Program Services4583416ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total983151Total
Management And General983151ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total4993726Total
Program Services4993726ProgramServices

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total694731Total
Program Services463154ProgramServices
Management And General231577ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total1255977Total
Program Services837318ProgramServices
Management And General418659ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total483387Total
Program Services322258ProgramServices
Management And General161129ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total54278Total
Management And General54278ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total561011Total
Management And General561011ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total958489Total
Management And General958489ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total98344Total
Program Services24586ProgramServices
Management And General73758ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total760963Total
Management And General760963ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total683067Total
Management And General683067ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
LOAN LOSS PROVISION17722181772218
NCUSIF STABILIZATION EX971896971896
ADVERTISING688857688857
MISC EXP678044678044

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total3040064Total
Program Services1366913ProgramServices
Management And General1673151ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total23261619Total
Program Services15335485ProgramServices
Management And General7926134ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY13155592BOY
EOY9860581EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY7408486BOY
EOY11587431EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY260478669BOY
EOY263350979EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis12943509LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec5249476LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY7671809BOY
EOY7694033EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY217754683BOY
EOY222825427EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY3686300BOY
EOY4142100EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY7855942BOY
EOY8285505EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY518011481BOY
EOY527746056EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY451671546BOY
EOY458650728EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY451671546BOY
EOY458650728EOY
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)
BOY66339935BOY
EOY69095328EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY66339935BOY
EOY69095328EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY518011481BOY
EOY527746056EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses393079ReconcilationRevenueExpenses
Reconcilation Other Changes2362314ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
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 Basis8187558InvestmentCostOrOtherBasis
Depreciation3307730Depreciation
Book Value4879828BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Investment Cost Or Other Basis3125951InvestmentCostOrOtherBasis
Depreciation1941746Depreciation
Book Value1184205BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings7694033TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescriptionAmountAmount
RESERVE FOR 457F$244,500
ACCRUED EXPENSES$433,685
POSTRETIREMENT HC RESERVE$349,233
MORTGAGORS' TAX ESCROW ACCOUNT$795,828
OTHER LIABILITIES$1,495,032
MEMBERS' SHARE AND DEPOSIT ACCOUNTS$405,332,450
BORROWINGS$50,000,000
FieldValueIRS element (for citing)
Total Of Amounts458650728TotalOfAmounts
Total Revenue23654698TotalRevenue
Total Expenses23261619TotalExpenses
Excess Or Deficit For Year393079ExcessOrDeficitForYear
Other$2,362,314OtherAmount
Total Adjustments2362314TotalAdjustments
Excess Or Deficit Per FS2755393ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt23654698TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal23654698RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form99023654698TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt23261619TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal23261619ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form99023261619TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierPART XI, LINE 8 - OTHER ADJUSTMENTS:Identifier
ExplanationCHANGE IN FAIR VALUE OF INVESTMENTS SECURITIES AVAILABLE-FOR-SALE 2,362,314.Explanation

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 (3 entries)

Base 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
296760097070543303675001072620455912000
THOMAS HAMMOND
17052003306014590263400193300220955000
PAUL DUFF
12718602476015840194490120960162791000

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 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 X, LINE 24FSERVICE CONTRACT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 463,028. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 463,028. CREDIT CARD PROCESSING: PROGRAM SERVICE EXPENSES 448,992. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 448,992. CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 283,944. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 283,944. CREDIT UNION REWARDS EXP: PROGRAM SERVICE EXPENSES 278,667. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 278,667. ATM EXPENSES: PROGRAM SERVICE EXPENSES 244,600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 244,600. EXAMINATION & AUDIT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 215,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,000. DATA PROCESSING: PROGRAM SERVICE EXPENSES 214,546. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 214,546. PROMOTIONAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 161,467. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 161,467. DONATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 161,174. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 161,174. DEPOSITS/CHECK PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 142,656. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 142,656. STUDENT LOAN: PROGRAM SERVICE EXPENSES 125,258. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125,258. INSURANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 64,393. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,393. COURIER SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 47,808. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,808. DIRECTOR'S EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 45,589. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,589. CREDIT BUREAU: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 44,387. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,387. PAYROLL FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 43,705. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,705. N.O.W. CHARGES: PROGRAM SERVICE EXPENSES 38,746. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,746. TRAINING: PROGRAM SERVICE EXPENSES 16,104. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,104.ALL OTHER FUNCTIONAL EXPENSES
FORM 990, PART XI, LINE 5:CHANGE IN FAIR VALUE OF INVESTMENTS SECURITIES AVAILABLE-FOR-SALE 2,362,314. TOTAL TO FORM 990, PART XI, LINE 5: 2,362,314.CHANGES IN NET ASSETS OR FUND BALANCES:
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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