Watertown Municipal Credit Union

Watertown, MA
Tax-exempt since Oct. 1947
EIN: 04-1950795

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2021 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$309k (2021)

Expenses

$241k (2021)

Total Assets

$11.3M (2021)

Total Liabilities

$7.92M (2021)

Source: Form 990 tax filings from 2011 to 2021

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2021

Revenue

$309,357

Expenses

$241,146

Net Income

$68,211

Net Assets

$3,341,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$165,979	53.7%
Investment Income	$143,033	46.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$345	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$24,871	10.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$92,669	38.4%

Assets/Debt
Total Assets	$11,264,494
Total Liabilities	$7,922,866
Net Assets	$3,341,628

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara Sheehan (Treasurer/Clerk/Director)	$16,059	$0	$0
Anthony Fantasia (President/Director)	$5,412	$0	$0
Diane Ryan (Director)	$3,401	$0	$0
Thomas J Tracy (Director)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Robert Mclaughlin (Director)	$0	$0	$0
William Logue (Vice President/Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0

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990

Filed on July 26, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$253,714

Expenses

$238,247

Net Income

$15,467

Net Assets

$3,273,417

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$81,425	32.1%
Investment Income	$171,954	67.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$335	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,962	9.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,083	40.7%

Assets/Debt
Total Assets	$10,965,255
Total Liabilities	$7,691,838
Net Assets	$3,273,417

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara Sheehan (Treasurer/Clerk/Director)	$16,059	$0	$0
Jeffrey Pugliese (President/Director)	$5,903	$0	$0
Anthony Fantasia (Vice President/Director)	$0	$0	$0
Thomas J Tracy (Director)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Robert Mclaughlin (Director)	$0	$0	$0
William Logue (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0

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990

Filed on Sept. 29, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$277,076

Expenses

$247,354

Net Income

$29,722

Net Assets

$3,257,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$87,954	31.7%
Investment Income	$184,812	66.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,310	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,254	8.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$98,930	40.0%

Assets/Debt
Total Assets	$9,946,363
Total Liabilities	$6,688,413
Net Assets	$3,257,950

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara Sheehan (Treasurer/Clerk/Director)	$15,350	$0	$0
Jeffrey Pugliese (President/Director)	$5,904	$0	$0
Anthony Fantasia (Vice President/Director)	$0	$0	$0
Thomas J Tracy (Director)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Robert Mclaughlin (Director)	$0	$0	$0
William Logue (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0
Thomas Thibault (Director)	$0	$0	$0

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990

Filed on Oct. 9, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$252,024

Expenses

$232,858

Net Income

$19,166

Net Assets

$3,228,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$85,048	33.7%
Investment Income	$159,571	63.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,405	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,065	7.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$95,471	41.0%

Assets/Debt
Total Assets	$10,426,243
Total Liabilities	$7,198,015
Net Assets	$3,228,228

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Barbara Sheehan (Clerk/Treasu)	$11,178	$0	$0
Jeffrey Pugliese (President)	$5,412	$0	$0
David Collins (Treasurer (J)	$983	$0	$0
Anthony Fantasia (Vice Preside)	$492	$0	$0
Domenic Arone (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Robert Mc Laughlin (Director)	$0	$0	$0
William Logue (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0
Thomas Thibaut (Director)	$0	$0	$0
Thomas J Tracy (Director)	$0	$0	$0

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990

Filed on Sept. 3, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$203,403

Expenses

$326,847

Net Income

-$123,444

Net Assets

$3,209,062

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$84,171	41.4%
Investment Income	$135,554	66.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$16,380
Net Inventory Sales	$0
Other Revenue	$58	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,963	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$92,715	28.4%

Assets/Debt
Total Assets	$10,946,515
Total Liabilities	$7,737,453
Net Assets	$3,209,062

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Collins (Treasurer)	$11,808	$0	$0
Anthony Fantasia (Chairman)	$5,904	$0	$0
Barbara Sheehan (Clerk/Treasu)	$3,897	$0	$0
Judith Patenaude (Clerk)	$354	$0	$0
Jeffrey Pugliese (Vice Preside)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Robert Mc Laughlin (Director)	$0	$0	$0
William Logue (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0
Thomas Thibaut (Director)	$0	$0	$0
Kevin Macdonald (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2016

Revenue

$225,406

Expenses

$227,263

Net Income

-$1,857

Net Assets

$3,315,908

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$99,916	44.3%
Investment Income	$125,253	55.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$237	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$22,243	9.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$98,241	43.2%

Assets/Debt
Total Assets	$11,598,137
Total Liabilities	$8,282,229
Net Assets	$3,315,908

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Collins (Treasurer)	$12,088	$0	$0
Anthony Fantasia (Chairman)	$5,904	$0	$0
Judith Patenaude (Clerk)	$4,251	$0	$0
Jeffrey Pugliese (Vice Preside)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Robert Mc Laughlin (Director)	$0	$0	$0
Barbara Sheehan (Director)	$0	$0	$0
Jeffrey Campbell (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0
Debra King (Director)	$0	$0	$0
Kevin Macdonald (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$212,726

Expenses

$330,724

Net Income

-$117,998

Net Assets

$3,333,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$106,497	50.1%
Investment Income	$105,965	49.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$264	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$26,863	8.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$156,006	47.2%

Assets/Debt
Total Assets	$11,732,076
Total Liabilities	$8,398,639
Net Assets	$3,333,437

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Collins (Treasurer)	$16,708	$0	$0
Anthony Fantasia (President)	$5,904	$0	$0
Judith Patenaude (Clerk)	$4,251	$0	$0
Kevin Macdonald (Director)	$0	$0	$0
Jeffrey Campbell (Director)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Debra King (Director)	$0	$0	$0
Barbara Sheehan (Director)	$0	$0	$0
Jeffrey Pugliese (Vice President)	$0	$0	$0
Robert Mclaughlin (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0

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990

Filed on June 20, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$323,294

Expenses

$335,352

Net Income

-$12,058

Net Assets

$3,450,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$113,975	35.3%
Investment Income	$96,251	29.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$112,800	34.9%
Net Inventory Sales	$0
Other Revenue	$268	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,963	6.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$147,959	44.1%

Assets/Debt
Total Assets	$11,915,646
Total Liabilities	$8,465,444
Net Assets	$3,450,202

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Collins (Treasurer)	$11,808	$0	$0
Anthony Fantasia (Chairman)	$5,904	$0	$0
Judith Patenaude (Clerk)	$4,251	$0	$0
Anthony Ferolito (Director)	$0	$0	$0
Jeffrey Campbell (Director)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Debra King (Director)	$0	$0	$0
Barbara Sheehan (Director)	$0	$0	$0
Jeffrey Pugliese (Vice President)	$0	$0	$0
Robert Mclaughlin (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0

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990

Filed on April 2, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2013

Revenue

$213,878

Expenses

$337,107

Net Income

-$123,229

Net Assets

$3,607,849

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$119,470	55.9%
Investment Income	$94,375	44.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$162
Net Inventory Sales	$0
Other Revenue	$195	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,963	6.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$145,663	43.2%

Assets/Debt
Total Assets	$12,123,133
Total Liabilities	$8,515,284
Net Assets	$3,607,849

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Collins (Treasurer)	$11,808	$0	$0
Anthony Fantasia (Chairman)	$5,904	$0	$0
Judith Patenaude (Clerk)	$4,251	$0	$0
Anthony Ferolito (Director)	$0	$0	$0
Jeffrey Campbell (Director)	$0	$0	$0
Domenic Arone (Director)	$0	$0	$0
Debra King (Director)	$0	$0	$0
Barbara Sheehan (Director)	$0	$0	$0
Jeffrey Pugliese (Vice President)	$0	$0	$0
Robert Mclaughlin (Director)	$0	$0	$0
Shane Gleason (Director)	$0	$0	$0
Stephen Haggerty (Director)	$0	$0	$0

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990

Filed on May 16, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$385,635

Expenses

$364,415

Net Income

$21,220

Net Assets

$3,625,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$139,395	36.1%
Investment Income	$134,673	34.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$111,358	28.9%
Net Inventory Sales	$0
Other Revenue	$209	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,963	6.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$140,906	38.7%

Assets/Debt
Total Assets	$11,863,254
Total Liabilities	$8,237,473
Net Assets	$3,625,781

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$281,501

Expenses

$353,576

Net Income

-$72,075

Net Assets

$3,664,518

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$226,631	80.5%
Investment Income	$156,986	55.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$109,853
Net Inventory Sales	$0
Other Revenue	$7,737	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,962	6.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$137,351	38.8%

Assets/Debt
Total Assets	$11,468,583
Total Liabilities	$7,804,065
Net Assets	$3,664,518

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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Watertown Municipal Credit Union

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $309k (2021)

Expenses $241k (2021)

Total Assets $11.3M (2021)

Total Liabilities $7.92M (2021)

Tax Filings by Year

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$309k (2021)

Expenses

$241k (2021)

Total Assets

$11.3M (2021)

Total Liabilities

$7.92M (2021)

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004