2024-11-12T12:57:59-05:00 2023-12-31 472565485 BUCKINGHAM BUSINESS ADVISORS LLC 180-A COMMERCE PARK DR WESTERVILLE OH 430826067 990 2023-01-01 041103180 CITY OF BOSTON CREDIT UNION CITY 6176352471 455 WEST BROADWAY SOUTH BOSTON MA 02127 CHUCK VOLPER CFO 6176352471 2024-10-21 true ERIN ALDERSON EA P01231640 6148906620 2024-11-04 2023 2024-10-15 13:58:12Z LISA PERRIN 455 WEST BROADWAY SOUTH BOSTON MA 02127 28290015 false X WWW.CITYOFBOSTONCU.COM X 1915 MA CREDIT UNION - THRIFT SERVICES 16 16 95 7 47802 0 18637092 25366597 2063293 523690 2168859 0 22869244 25890287 15000 15000 0 7599971 7816840 0 0 14067656 21352444 21682627 29184284 1186617 -3293997 674850893 617768388 639272398 584133049 35578495 33635339 CREDIT UNION - THRIFT SERVICES false false MAINTENANCE OF MEMBERS' SHARE ACCOUNTS AND THE INVESTMENT OF SUCH FUNDS. NUMBER OF SHARE ACCOUNTS 59,810. MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF LOAN ACCOUNTS 15,593. false false false false false false false true false true false false false true true true false false false false false false false false false false false true true false false false false true false false false false false false false false false true 49 0 95 true true true false false false false false false false X 16 16 false false false false true true false true true false true true true true true true true true true true false X X LISA PERRIN 6176352471 455 WEST BROADWAY SOUTH BOSTON MA 02127 TIFFANY CHISNALL INTERIM CEO 40.00 X 261250 0 0 CATHERINE MULLEN INTERIM CEO/ 40.00 X 174946 0 50270 ROBERT MCCAULEY VP LENDING 40.00 X 156650 0 30758 KARLA MCCARRON VP MARKETING 40.00 X 148057 0 23786 CAROL DONOVAN HR MANAGER 40.00 X 134668 0 31486 COLLEEN DONOVAN EXECUTIVE AS 40.00 X 134810 0 22426 LISA HAY INTERIM COO 40.00 X 156900 0 0 CANDICE BRACEWELL INTERIM CFO 40.00 X 143800 0 0 JAMES CARDEN CONSUMER LOA 40.00 X 115810 0 23243 AUDREY WALKER OPERATIONS M 40.00 X 104794 0 29488 NEIL GORDON FORMER CEO 40.00 X 105732 0 518 MELISSA HARTZELL-GALILEO INTERIM CLO 40.00 X 47250 0 0 CECIL JONES CHAIRPERSON 5.00 X X 7200 0 396 BRIAN GILL CLERK/SECRET 5.00 X X 7200 0 258 TIMOTHY SMYTH TREASURER 5.00 X X 7200 0 138 ROBERT DASILVA CLO 40.00 X 3846 0 0 SUSAN CONNOLLY DIRECTOR 5.00 X 0 0 1236 KEVIN LINSKEY DIRECTOR 5.00 X 0 0 1236 JAMES DRISCOLL DIRECTOR 5.00 X 0 0 762 STEPHEN GREEN DIRECTOR 5.00 X 0 0 396 CHRISTOPHER STOCKBRIDGE DIRECTOR 5.00 X 0 0 138 MATTHEW MORONEY DIRECTOR 5.00 X 0 0 127 MARK BERNARD DIRECTOR 5.00 X 0 0 90 1710113 216752 11 true true false TIFFANY CHISNALL 7042 WHITEHILL ST DALLAS TX 75231 SUBCONTRACTOR 261250 LISA HAY 8039 W BRIDEN LANE PEORIA AZ 85383 SUBCONTRACTOR 156900 CANDICE BRACEWELL 462 CHATFIELD POINTE MARIETTA GA 30064 SUBCONTRACTOR 143800 3 INTEREST ON LOANS 522100 21788978 21788978 MEMBER SERVICE FEES 522100 2656689 2656689 OTHER INCOME 522100 834113 834113 NON MEMBER ATM INCOME 522100 47802 47802 RENTAL INCOME 522100 39015 39015 25366597 2923417 2923417 1 2399728 -2399727 -2399727 -2399727 25890287 22880053 47802 2962432 15000 1248967 286286 3885016 487230 1458734 450607 152403 122400 1246045 1035395 1535919 2019077 1572736 21366 8494205 1734477 PROVISION FOR LOAN LOSSES 1943578 LOAN SERVICING 663235 FRAUD LOSSES 623720 MISCELLANEOUS 92527 95361 29184284 0 0 0 12559970 4454628 14640000 37143963 474776485 455938751 269349 360538 28613043 7875323 21849165 20737720 132160699 82656863 3405500 3286771 15189725 13189154 674850893 617768388 9322666 7817225 416048 222099 75000000 55000000 554533684 521093725 639272398 584133049 X 35578495 33635339 35578495 33635339 674850893 617768388 X -3293997 4782542 -3431701 X false true X true false false true X 3243925 3243925 17271518 2837290 14434228 5424125 3411953 2012172 2673475 1626080 1047395 20737720 MEMBERS SHARE ACCOUNTS 521093725 521093725 X 25890287 25890287 25890287 29184284 29184284 29184284 SCHEDULE D, PAGE 2, PART IV, LINE 2B MORTGAGE ESCROW ACCOUNTS HELD FOR THE PAYMENT OF REAL ESTATE TAXES DUE TO MUNICIPALITIES. SCHEDULE D, PAGE 3, PART X THE CREDIT UNION HAS EVALUATED ITS POSITIONS TAKEN FOR ALL OPEN YEARS AND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. false SCHOLARSHIPS 15 15000 X true false X X X X false false false TIFFANY CHISNALL INTERIM CEO 261250 261250 CATHERINE MULLEN INTERIM CEO/VP OP. 174946 26000 24270 225216 ROBERT MCCAULEY VP LENDING 156650 2710 28048 187408 KARLA MCCARRON VP MARKETING 148057 23786 171843 CAROL DONOVAN HR MANAGER 134668 7800 23686 166154 COLLEEN DONOVAN EXECUTIVE ASSISTANT 134810 22426 157236 LISA HAY INTERIM COO 156900 156900 NEIL GORDON FORMER CEO 105732 518 106250 PAMELA LINSKEY SISTER CLOSING ATTORNEY false SCHEDULE L, PART V REGARDING BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: THE CLOSING ATTORNEY IS COMPENSATED BY THE MEMBER AT LOAN CLOSING, NOT BY THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 6 PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATIONS FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF CAPITAL FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 11B CFO REVIEWS THE RETURN PRIOR TO FILING FOR COMPLETENESS AND ACCURACY AND PRESENTS THE FORM 990 TO THE AUDIT COMMITTEE AND CEO FORM 990, PAGE 6, PART VI, LINE 12C BY COMMITTEE, AND THE BOARD, CODE OF CONDUCT IS SIGNED BY THE BOARD ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD'S LABOR COMMITTEE REVIEWS AND APPROVES ALL PHASES OF COMPENSATION. TO DETERMINE SALARY AND COMPENSATION PACKAGES, THIRD PARTY RECRUITMENT SPECIALISTS ARE HIRED TO PROVIDE INFORMATION AND RECOMMENDATIONS RELATIVE TO INDUSTRY AVERAGE. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD'S LABOR COMMITTEE REVIEWS AND APPROVES ALL PHASES OF THE COMPENSATION PROCESS. POSITION SALARY RANGES ARE DEVELOPED THROUGH USE OF COMPEASE SOFTWARE. COMPEASE PROVIDES MARKET PRICES FOR JOBS THROUGH SALARY SURVEY DATA. FORM 990, PAGE 6, PART VI, LINE 19 A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE AREA AT ALL BRANCHES. OTHER INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CECL ADJUSTMENT -3,431,701