2024-11-06T15:33:38-06:00 2023-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2023-01-01 043403594 COOPERATIVE CREDIT UNION ASSOCIATION INC COOP 8008421242 845 DONALD LYNCH BOULEVARD MARLBOROUGH MA 01752 A SCOTT MACKNIGHT TREASURER 8008421242 2024-11-05 1 0 JAYME F MOORE CPA P01348807 6176968900 2024-11-05 2023 2024-10-15 13:58:12Z A SCOTT MACKNIGHT 845 DONALD LYNCH BOULEVARD MARLBOROUGH MA 01752 9716852 0 X WWW.CCUASSOCIATION.ORG X 1934 MA TO PROVIDE MEMBERS WITH SERVICES ON A LOCAL AND NATIONAL LEVEL. 12 11 28 33 1746185 0 2090 441579 3103496 3607155 -38140 268072 2175703 1746185 5243149 6062991 22500 22500 0 0 2699411 3256166 0 0 0 2300941 2761923 5022852 6040589 220297 22402 11210165 11131688 3666904 3400946 7543261 7730742 X THE ASSOCIATION ACTIVELY SUPPORTS AND ENCOURAGES CREDIT UNIONS IN THEIR COMMUNITY OUTREACH EFFORTS. IN SUPPORT OF THOSE EFFORTS, THE ASSOCIATION MAINTAINS A COMMITTEE ON SOCIAL RESPONSIBILITY. THE PURPOSE OF THAT COMMITTEE IS TO DEVELOP A UNIFIED PLAN OF SOCIAL RESPONSIBILITY FOR THE ASSOCIATION THROUGH RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THAT PLAN FEATURES PROGRAMS AND EVENTS THAT FOCUS STATEWIDE EFFORTS ON AFFORDABLE HOUSING, FINANCIAL LITERACY AND DESIGNATED CHARITABLE AND COMMUNITY ACTIVITIES THAT ENHANCE THE POSITIVE IMAGE OF CREDIT UNIONS AS WELL AS THE PUBLIC'S OVERALL AWARENESS OF THEM.TO CAPTURE THE ESSENCE OF THE GOODWILL AND OUTREACH THAT MASSACHUSETTS CREDIT UNIONS HAVE BEEN ENGAGED IN OVER THE YEARS, THE ASSOCIATION IN 2006 LAUNCHED THE CREDIT UNION COMMUNITY HOPE INITIATIVE. 0 0 TO PROVIDE SERVICES TO MEMBERS ON A LOCAL AND NATIONAL LEVEL. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 32 0 1 28 1 1 1 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X DAWN M ROBERTS 8008421242 845 DONALD LYNCH BOULEVARD MARLBOROUGH MA 01752 FRED REINHARDT BOARD CHAIR 1.00 X X 0 0 0 ANABELA P GRENIER VICE CHAIR 1.00 X X 0 0 0 MAURICE W DAWKINS 2ND VICE CHAIR 1.00 X X 0 0 0 A SCOTT MACKNIGHT TREASURER 1.00 X X 0 0 0 DAVID ARAUJO SECRETARY 1.00 X X 0 0 0 ROBERT M CASHMAN DIRECTOR 1.00 X 0 0 0 EILEEN DANAHEY DIRECTOR 1.00 X 0 0 0 RUI F DOMINGOS DIRECTOR 1.00 X 0 0 0 ROLAND DRAPER DIRECTOR 1.00 X 0 0 0 BLANCHE JACKSON DIRECTOR 1.00 X 0 0 0 STEPHEN J WHITE DIRECTOR 1.00 X 0 0 0 RONALD MCLEAN PRESIDENT/CEO 60.00 X X 530924 0 69142 DAWN ROBERTS CONTROLLER 50.00 X 133525 0 29075 MELISSA POMEROY CHIEF REVENUE OFFICER 50.00 X 258360 0 35303 WALTER J LASKOS SVP STRATEGIC COMMUNICATIO 50.00 X 219990 0 17219 ADRIAN VELAZQUEZ CHIEF ADVOCACY OFFICER 50.00 X 187068 0 15468 DEAN MARTINO DIRECTOR OF BUSINESS DEVELOPMENT 40.00 X 104218 0 20990 JANELLE MULLEN DIRECTOR OF MARKETING 40.00 X 144662 0 12279 1578747 0 199476 7 0 1 0 0 441579 441579 MEMBERSHIP DUES AND RELATED 522100 3577454 3577454 CHAPTER FUNCTION INCOME 522100 29701 29701 3607155 323073 323073 3598860 3653861 -55001 -55001 -55001 MIA & NECUS REVENUE 524298 1745843 1745843 CU HOUSE, LLC 518210 342 342 1746185 6062991 3607155 1746185 268072 22500 2726387 56280 300110 173389 45377 60999 180700 245806 56817 104367 254822 163871 652250 63783 73013 CONTRACT SERVICES 316051 COMPLIANCE EXPENSES 146338 DUES AND FEES 133364 BOARD EXPENSE 80490 183875 6040589 5999078 5209070 121006 55434 569828 495814 1583256 1817790 100000 208310 171261 629960 483583 128790 146377 1978550 2170984 467723 467723 153624 497235 11210165 11131688 1905090 1717513 1620190 1647761 141624 35672 3666904 3400946 X 7503606 7699071 39655 31671 7543261 7730742 11210165 11131688 X 22402 133909 31170 X 0 1 X 1 0 0 0 0 2532239 53326 46494 6832 576634 437089 139545 146377 LEASE LIABILLITY 35672 35672 X 6166857 133909 133909 6032948 30043 30043 6062991 5979376 0 5979376 61213 61213 6040589 PART X, LINE 2: WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESS, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-THAN-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE WOULD BE REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEET ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITES UPON EXAMINATION. THE ASSOCICATION DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT REQUIRE RECORDING SUCH A LIABILITY. 1 EDUCATIONAL SCHOLARSHIPS 17 22500 X 1 1 X X X X 0 0 0 RONALD MCLEAN PRESIDENT/CEO 451858 0 73386 0 5680 0 32565 0 36577 0 600066 0 0 0 DAWN ROBERTS CONTROLLER 119607 0 12854 0 1064 0 0 0 29075 0 162600 0 0 0 MELISSA POMEROY CHIEF REVENUE OFFICER 233013 0 24218 0 1129 0 0 0 35303 0 293663 0 0 0 WALTER J LASKOS SVP STRATEGIC COMMUNICATIO 214048 0 5512 0 430 0 0 0 17219 0 237209 0 0 0 ADRIAN VELAZQUEZ CHIEF ADVOCACY OFFICER 183448 0 3350 0 270 0 0 0 15468 0 202536 0 0 0 JANELLE MULLEN DIRECTOR OF MARKETING 144500 0 0 0 162 0 0 0 12279 0 156941 0 0 0 PART I, LINE 1A TWO FORMER PRESIDENTS NOT LISTED ABOVE HAVE SPLIT DOLLAR AGREEMENTS AS DISCLOSED ON SCHEDULE L PAUL C GENTILE FORMER PRESIDENT LIFE INSURANCE X 0 453999 0 1 1 DANIEL EGAN FORMER PRESIDENT LIFE INSURANCE X 0 471599 0 1 1 RON MCCLEAN CURRENT PRESIDENT LIFE INSURANCE X 0 892192 0 1 1 1817790 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE TREASURER OF THE BOARD AND THE CONTROLLER. IT WILL THEN BE MADE AVAILABLE TO THE TREASURER AND OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ASSOCIATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT MEMBERS OF THE ASSOCIATION ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF COOPERATIVE CREDIT UNION ASSOCIATION PERFORMS AN ANNUAL PERFORMANCE EVALUATION FOR THE CHIEF EXECUTIVE OFFICER. THE COMMITTEE USES COMPENSATION RESOURCES TO ESTABLISH SALARY ADJUSTMENTS FOR THE EXECUTIVE. THE CHIEF EXECUTIVE OFFICER PERFORMS ANNUAL PERFORMANCE EVALUATIONS FOR SENIOR MANAGAMENT STAFF. SALARY ADJUSTMENTS ARE BASED ON INDUSTRY NORMS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCATION MAKES IT GOVERNING DOCUMENTS AND OTHER FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CU HOUSE K-1 -342. CHAPTER ACTIVITY 31,512. MEMBERS INSURANCE AGENCY 845 DONALD LYNCH BOULEVARD MARLBOROUGH MA 01752 043441797 INSURANCE AGENT MA 736186 4777882 COOPERATIVE SOLUTIONS LLC 845 DONALD LYNCH BOULEVARD MARLBOROUGH MA 01752 043442336 MANAGEMENT COMPANY MA -934838 2091433