2024-11-07T13:11:38-07:00 2023-12-31 990 2023-01-01 042039851 MEMBERS PLUS CREDIT UNION MEMB 7819051540 29 HIGH STREET MEDFORD MA 02155 Michael Wilberton Chief Financial Officer 7819051540 2024-11-06 1 2023 2024-10-15 13:58:12Z MICHAEL WILBERTON 29 HIGH STREET MEDFORD MA 02155 13472577 0 X WWW.MEMBERSPLUSCU.ORG X STATE CHARTER 1940 MA PROVIDE SECURE PRODUCTS AND SERVICES TO MEMBERSHIP 14 0 57 14 0 0 0 0 1503047 1032720 10463037 12439857 0 11966084 13472577 0 0 1795803 5543446 4106314 4705371 0 0 0 5301789 4467325 11203906 14716142 762178 -1243565 345878221 364571667 327443954 347762431 18434267 16809236 PROVIDE QUALITY, INNOVATIVE, COMPETITIVE, AND SECURE FINANCIAL PRODUCTS AND SERVICES 0 0 0 0 0 LOANS TO MEMBERS 0 0 0 DIVIDENDS ON MEMBER SHARES 0 0 0 0 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 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 57 1 0 0 0 0 0 0 0 0 X 14 0 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 0 1 1 1 1 0 MA X THE ORGANIZATION 7819051500 29 HIGH STREET MEDFORD MA 02155 JOHN MURPHY CEO 1 40 X 222052 0 0 MICHAEL WILBERTON CFO 1 40 X 175000 0 0 JAMES MANNING DIRECTOR 0 40 X 0 0 0 WILLIAM CARR DIRECTOR 0 0 X 0 0 0 DANIEL HURLEY VICE CHAIRMAN 0 0 X 0 0 0 MICHAEL MALONEY VICE CHAIRMAN 0 0 X 0 0 0 MARK WISNES CLERK 0 0 X 0 0 0 CRAIG PINKHAM CHAIRMAN 0 0 X 0 0 0 PATRICK CARNEY DIRECTOR 0 0 X 0 0 0 MICHAEL NEE TREASURER 0 0 X 0 0 0 THOMAS ROCHE DIRECTOR 0 0 X 0 0 0 ROBERT SENIER DIRECTOR 0 0 X 0 0 0 TIM SULLIVAN DIRECTOR 0 0 X 0 0 0 RICHARD HUGHES DIRECTOR 0 0 X 0 0 0 CRAIG CONNOLLY DIRECTOR 0 0 X 0 0 0 TERRANCE FOLEY DIRECTOR 0 0 X 0 0 0 397052 0 0 2 0 1 0 0 0 MEMBER FEE INCOME 522130 977872 977872 0 0 ADMIN FEES/MISC OTHER FEES 522130 54848 54848 0 0 0 0 0 0 1032720 12560512 12560512 0 0 0 0 0 0 0 0 0 0 0 0 -120655 0 0 0 -120655 0 -120655 -120655 0 0 0 13472577 13472577 0 0 0 0 0 5543446 397052 0 3307465 8462 663979 328413 47100 54670 192000 0 0 97279 0 501350 1159393 886367 0 810330 65719 0 192000 0 0 231891 77790 LOAN SERVICE FEES 340141 CONSULTING FEES-IT, LOAN 135277 CHARGE OFFS 67739 ALLOWANCE FOR LOSS -702572 310851 14716142 0 0 0 2004709 1841026 3663415 10093247 0 0 160525072 189146674 2975023 2626830 0 0 1201943 1263454 0 0 651768 357527 11275965 3833742 7692880 7442223 158218044 144395704 0 0 0 0 49000 0 8896367 7404982 345878221 364571667 323228175 344014387 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4215779 3748044 327443954 347762431 X 0 0 0 0 18434267 16809236 18434267 16809236 345878221 364571667 X -1243565 -245114 0 0 0 -136352 X 1 X 1 X 1 0 0 1624730 1624730 0 6881949 2035005 4846944 0 759853 421467 338386 0 1247112 891576 355536 0 762321 485694 276627 7442223 0 RESERVE FOR POST RETIREMENT 1547548 DEFFERRED INCOME 80000 UNEARNED INTEREST ON HEAT LOANS 657420 RESERVE FOR SICK/VACATION TIME 1463076 3748044 X 1 1 X 0 0 0 JOHN MURPHY CEO 222052 0 0 0 0 0 0 0 0 0 222052 0 0 0 MICHAEL WILBERTON CFO 175000 0 0 0 0 0 0 0 0 0 175000 0 0 0 Schedule J, Part I, Line 1a PER CREDIT UNION POLICY DIRECTORS AND OFFICERS ARE ALLOWED TO BRING GUESTS ON CONFERENCES, IN WHICH THE CREDIT UNION WILL PAY REASONABLE EXPESNES INCURRED Schedule J, Part I, Line 3 THE EXECUTIVE/PERSONNEL COMMITTEE REVIEW THE EXECUTIVE OFFICERS ANNUALLY, AND PRESENT FINDINGS TO BOARD. BASED ON FINDINGS COMPENSATION IS ADJUSTED. WILLIAM CARR DIRECTOR OPEN END LOAN X 20000 553 0 1 1 WILLIAM CARR DIRECTOR DIRECTOR X 310000 227244 0 1 1 WILLIAM CARR DIRECTOR MORTGAGE X 356000 324055 0 1 1 WILLIAM CARR DIRECTOR AUTO LOAN X 45509 27510 0 1 1 CRAIG CONNOLLY DIRECTOR MORTGAGE X 380000 357808 0 1 1 RICHARD HUGHES DIRECTOR MORTGAGE X 130000 70938 0 1 1 RICHARD HUGHES DIRECTOR AUTO LOAN X 31028 9436 0 1 1 JAMES MANNING DIRECTOR MORTGAGE X 213000 154508 0 1 1 JAMES MANNING DIRECTOR MASTERLINE X 70000 68576 0 1 1 MICHAEL NEE DIRECTOR MORTGAGE X 233000 168805 0 1 1 MICHAEL NEE DIRECTOR MASTERLINE X 110000 84876 0 1 1 MICHAEL NEE DIRECTOR PERSONAL LOAN X 15000 7058 0 1 1 CRAIG PINKHAM DIRECTOR MORTGAGE X 245000 135370 0 1 1 ROBERT SENIER DIRECTOR PERSONAL LOAN X 37093 27102 0 1 1 TIMOTHY SULLIVAN- DIRECTOR MORTGAGE X 900000 678879 0 1 1 MARK WISNESS DIRECTOR MORTGAGE X 298000 271708 0 1 1 MARK WISNESS DIRECTOR AUTO LOAN X 37307 12404 0 1 1 2626830 Form 990, Part VI, Section A, Line 6 EACH DEPOSITOR WHO HAS A SHARE ACCOUNT EQUAL OR GREATERN THAN $5 IS A MEMBER. Form 990, Part VI, Section A, Line 7a ANNUAL ELECTIONS ARE HELD EACH YEAR TO REPLACE DIRECTORS WHOSE TERM HAS EXPIRED. Form 990, Part VI, Section A, Line 7b CERTAIN POLICY CHANGES NEED TO BE APPROVED BY VOTE OF MEMBERSHIP. Form 990, Part VI, Section B, Line 11b THE INFORMATION IS REVIEWED AS PART OF THE CREDIT UNIONS ANNUAL AUDIT AND THE FINDINGS ARE PRESENTED TO THE BOARD. Form 990, Part VI, Section B, Line 15 THE CEO AND EXECUTIVE MANAGEMENT HAVE AN ANNUAL REVIEW PERFORMED BY THE EXECUTIVE/PERSONNEL COMMITTEE. Form 990, Part VI, Section C, Line 19 UPON REQUEST THE CU'S FINANCIALS ARE POSTED MONTHLY WITHIN THE BRANCHES. Form 990, Part XI, Line 9 NET CHANGE POST RETIREMENT COMP INC 415,360. NET CHANGE RETIREMENT COMPR INC -551,712 Filed an extension