2026-05-21T15:18:11-05:00 2025-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2025-01-01 041896000 LIBERTY BAY CREDIT UNION LIBE 6174396500 300 GRANITE STREET BRAINTREE MA 02184 FREDERICK WILLIAMS SVP, CHIEF FINANCIAL OFFICER 6174396500 2026-05-21 1 SEAN MCNEIL CPA P01731264 6176968900 2026-05-21 2025 2025-03-06 01:10:19Z FREDERICK WILLIAMS 300 GRANITE STREET BRAINTREE MA 02184 40864966 0 X WWW.LIBERTYBAYCU.ORG X CREDIT UNION 1917 MA TO OFFER FINANCIAL SERVICES. 13 9 84 10 0 0 0 0 34203656 35888419 4980145 4976547 0 0 39183801 40864966 13000 13000 0 0 10798445 10916174 0 0 0 25898234 25423137 36709679 36352311 2474122 4512655 808088791 819637288 704965231 707198300 103123560 112438988 LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES. 0 0 LIBERTY BAY CREDIT UNION EXISTS TO BE A RESPONSIBLE AND RELEVANT FINANCIAL PARTNER TO ITS MEMBERS, EMPLOYEES, AND THE COMMUNITIES THAT IT SERVES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 9130 0 1 84 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 9 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X FREDERICK WILLIAMS 6174396500 300 GRANITE STREET BRAINTREE MA 02184 GERARD BURM DIRECTOR 2.00 X 0 0 51 THOMAS J FLYNN DIRECTOR 2.00 X 0 0 51 EDWARD R FOLEY DIRECTOR 2.00 X 0 0 51 PATRICK J FOLEY TREASURER 2.00 X 12000 0 133 ROBERT B FOLEY JR DIRECTOR 2.00 X 0 0 82 STEPHEN J KELLEY SR DIRECTOR 2.00 X 0 0 51 EUGENE LEAHY SECRETARY 2.00 X 12000 0 51 EDWARD MCCOLGAN DIRECTOR 2.00 X 0 0 51 MICHAEL F MCCARTHY DIRECTOR 2.00 X 0 0 51 ROBERT J MITCHELL DIRECTOR 2.00 X 0 0 51 WILLIAM MURPHY DIRECTOR 2.00 X 0 0 51 SEAN CASHMAN CHAIRMAN 6.00 X 24000 0 204 PETER LINCOLN DIRECTOR 2.00 X 0 0 51 JOSEPH BEARS SVP & CIO 40.00 X 241275 0 58812 FREDERICK WILLIAMS SVP & CHIEF FINANCIAL OFFI 40.00 X 260522 0 57915 PAUL GRAVELLESE SVP & SENIOR LENDING OFFIC 40.00 X 241558 0 55429 MARK CONSTABLE CHIEF COMPLIANCE & CRA OFF 40.00 X 256757 0 57792 BRENDA MCGILLICUDDY SVP PEOPLE OPERATIONS 40.00 X 240239 0 58026 MARCIA LYONS ANALYTICS ENGINEER 40.00 X 64480 0 12599 JOHN BARRON PRESIDENT & CEO 40.00 X 520942 0 44361 MARGUERITE MURPHY VP MORTGAGE 40.00 X 165931 0 30048 MARIA DIBENEDETTO VP HUMAN RESOURCES 40.00 X 132041 0 27282 CAROL SHOUGHROW VP DEPOSIT OPERATIONS 40.00 X 171587 0 49090 MICHAEL BAKER CONTROLLER 40.00 X 158508 0 47828 WILLIAM SPRAGUE VP NETWORK ADMIN 40.00 X 135054 0 26236 2636894 0 526347 23 0 1 0 ROCK BREAKERS LLC 370 MAIN STREET SUITE 880 WORCESTER MA 01608 RENT - 300 GRANITE - NEW 1304995 FISERV PO BOX 934057 ATLANTA GA 311934057 CORE PROVIDER 949434 NCR CORPORATION (DIGITAL FIRST HOLDINGS PO BOX 660367 DALLAS TX 752660367 DATA PROCESSING/WEBSITE 541568 LUCRO COMMERCIAL SOLUTIONS INC 1591 SUMMIT LAKE DRIVE SUITE 100 TALLAHASSEE FL 32317 CUSO - COMMERICAL LOANS 157824 JLS MAILING SERVICE 672 CRESCENT STREET BROCKTON MA 02302 MAILING SERVICES 135357 5 LOAN INTEREST 522100 32678283 32678283 MISCELLANEOUS INCOME 522100 2204284 2204284 FEES ON ACCOUNTS 522100 1005852 1005852 35888419 4976547 4976547 40864966 35888419 0 4976547 13000 3163240 4972940 499545 1612301 668148 247401 123690 343406 159753 1522670 111371 17117574 88661 MISCELLANEOUS 2228394 EQUIPMENT MAINTENANCE 1375023 LOAN COLLECTION & OTHER 672939 POSTAGE 370003 1062252 36352311 1259300 1256456 11951477 23057488 12513424 12161364 635483779 633232781 491549 474670 9478893 7897994 1858627 1580899 122443034 126895565 12735433 11985351 9352168 8992714 808088791 819637288 6953303 6240967 157860000 135300000 540151928 565657333 704965231 707198300 X 0 0 0 0 103123560 112438988 103123560 112438988 808088791 819637288 X 4512655 4787260 15513 X 0 0 0 409500 409500 1397545 643539 754006 1734733 1390105 344628 2772758 2752717 20041 3164357 3111633 52724 1580899 MEMBER DEPOSITS 552440333 NON-MEMBER DEPOSITS 13217000 565657333 1 SCHOLARSHIPS TO ENROLLED COLLEGE FRESHMAN WHO ARE MEMBERS OF LBCU - MADE PAYABLE TO THE MEMBERS 12 13000 X 1 1 X X X X 1 0 0 JOHN BARRON PRESIDENT & CEO 485942 0 35000 0 0 0 28481 0 15880 0 565303 0 0 0 FREDERICK WILLIAMS SVP & CHIEF FINANCIAL OFFI 229538 0 30984 0 0 0 26078 0 31837 0 318437 0 0 0 MARK CONSTABLE CHIEF COMPLIANCE & CRA OFF 225890 0 30867 0 0 0 25955 0 31837 0 314549 0 0 0 JOSEPH BEARS SVP & CIO 212228 0 29047 0 0 0 24425 0 34387 0 300087 0 0 0 BRENDA MCGILLICUDDY SVP PEOPLE OPERATIONS 211119 0 29120 0 0 0 24486 0 33540 0 298265 0 0 0 PAUL GRAVELLESE SVP & SENIOR LENDING OFFIC 212787 0 28771 0 0 0 24192 0 31237 0 296987 0 0 0 CAROL SHOUGHROW VP DEPOSIT OPERATIONS 157937 0 13650 0 0 0 17253 0 31837 0 220677 0 0 0 MICHAEL BAKER CONTROLLER 143808 0 14700 0 0 0 15991 0 31837 0 206336 0 0 0 MARGUERITE MURPHY VP MORTGAGE 150834 0 15097 0 0 0 16423 0 13625 0 195979 0 0 0 WILLIAM SPRAGUE VP NETWORK ADMIN 123441 0 11613 0 0 0 13633 0 12603 0 161290 0 0 0 MARIA DIBENEDETTO VP HUMAN RESOURCES 119486 0 12555 0 0 0 13657 0 13625 0 159323 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS MAY ALLOW A CONFERENCE ATTENDEE TO BRING A COMPANION WITH THEM TO THE EVENT WHICH MAY INCLUDE TRAVEL. THE CREDIT UNION WILL REIMBURSE REASONABLE COSTS ASSOCIATED WITH THE EVENT AS STATED IN CORPORATE POLICIES. PART I, LINE 4A THE FORMER CHIEF EXECUTIVE OFFICER, EDWARD LOPES, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2014. THE FORMER CHIEF FINANCIAL OFFICER, JOEL KELLER, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2016. THE FORMER SENIOR VICE PRESIDENT OF LENDING AND FINANCE, JOSEPH BEAN, WAS PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2017. THE FORMER PRESIDENT AND CHIEF EXECUTIVE OFFICER, M. LYNDON MATTESON III, WAS PROVIDED A SERP WHICH WAS FUNDED BY LIFE INSURANCE IN 2020. ED LOPES FORMER PRESIDENT/CEO SERP X 4255269 5764441 0 1 1 JOEL KELLER FORMER EVP/CFO SERP X 1765500 883883 0 1 1 JOSEPH BEAN FORMER SVP SERP X 1706227 2149100 0 1 1 M LYNDON MATTESON III FORMER CHIEF EXECUTIVE OFFICER SERP X 5352000 3363940 0 1 1 12161364 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE FOUR INDIVIDUALS WHOM ARE RELATED ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 DEPOSITORS WITH A MINIMUM OF $5 BALANCE IN THEIR SAVINGS ACCOUNT ARE MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE VOTING RIGHTS WHICH ARE LIMITED TO THE ANNUAL MEETING AND ANY SPECIAL MEETINGS HELD DUE TO CHARTER CHANGES, MERGERS, ETC. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS ARE VOTED BY THE MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CFO AND PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS ALL CORPORATE POLICIES AT LEAST ANNUALLY TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES CEO COMPENSATION. THE CEO IN TURN IS RESPONSIBLE FOR COMPENSATION OF MANAGEMENT AND STAFF. A FORMAL, BOARD DESIGNATED COMPENSATION COMMITTEE AIDS IN THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CALL REPORT AND FINANCIAL INFORMATION IS AVAILABLE THROUGH THE NCUA WEBSITE AND PRIVACY POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: FAS158 OCI ADJUSTMENT 15,513.