TY 2025 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) JAMES KEYES...................................................................... 1ST VICE CHAIR/DIRECTOR	2.00 .................	X			0	0
(2) PHIL CYR...................................................................... BOARD CHAIR/DIRECTOR	3.00 .................	X			12,000	0
(3) MICHELLE M ANDERSON...................................................................... DIRECTOR	2.00 .................	X			0	0
(4) MADALINE I BONADEIES...................................................................... DIRECTOR	2.00 .................	X			0	0
(5) BENJAMIN TULLY...................................................................... 2ND VICE CHAIR/DIRECTOR	2.00 .................	X			0	0
(6) WILLIAM TRIFONE...................................................................... DIRECTOR	2.00 .................	X			0	0
(7) JOSE DINGAI...................................................................... DIRECTOR	2.00 .................	X			0	0
(8) AMY HOWARD...................................................................... DIRECTOR	2.00 .................	X			0	0
(9) REBECCA BRUSO...................................................................... DIRECTOR (ENDED 03/2025)	2.00 .................	X			0	0
(10) AMANDA BELDING...................................................................... DIRECTOR	2.00 .................	X			0	0
(11) NICHOLAS CANTARA...................................................................... DIRECTOR (AS OF 06/2025)	2.00 .................	X			0	0
(12) GARY FONTAINE...................................................................... DIRECTOR	2.00 .................	X			0	0
(13) KATHERINE R THEODOSS...................................................................... PRESIDENT/ CEO	40.00 .................		X		274,136	47,869
(14) JEFFREY CANNIFF...................................................................... CFO/TREASURER	40.00 .................		X		309,055	24,272
(15) JO-ANN SANTELLI...................................................................... VP OF COMMERCIAL LOANS	40.00 .................			X	129,517	29,004
(16) LYNN MERO...................................................................... VP OF CONSUMER LENDING	40.00 .................			X	133,449	28,304
(17) MARIA GARCIA-TORRES...................................................................... SVP OF ADMINISTRATION	40.00 .................			X	137,607	13,078

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) JAMES KEYES......................................................................
1ST VICE CHAIR/DIRECTOR

2.00
.................

(2) PHIL CYR......................................................................
BOARD CHAIR/DIRECTOR

3.00
.................

12,000

(3) MICHELLE M ANDERSON......................................................................
DIRECTOR

2.00
.................

(4) MADALINE I BONADEIES......................................................................
DIRECTOR

2.00
.................

(5) BENJAMIN TULLY......................................................................
2ND VICE CHAIR/DIRECTOR

2.00
.................

(6) WILLIAM TRIFONE......................................................................
DIRECTOR

2.00
.................

(7) JOSE DINGAI......................................................................
DIRECTOR

2.00
.................

(8) AMY HOWARD......................................................................
DIRECTOR

2.00
.................

(9) REBECCA BRUSO......................................................................
DIRECTOR (ENDED 03/2025)

2.00
.................

(10) AMANDA BELDING......................................................................
DIRECTOR

2.00
.................

(11) NICHOLAS CANTARA......................................................................
DIRECTOR (AS OF 06/2025)

2.00
.................

(12) GARY FONTAINE......................................................................
DIRECTOR

2.00
.................

(13) KATHERINE R THEODOSS......................................................................
PRESIDENT/ CEO

40.00
.................

274,136

47,869

(14) JEFFREY CANNIFF......................................................................
CFO/TREASURER

40.00
.................

309,055

24,272

(15) JO-ANN SANTELLI......................................................................
VP OF COMMERCIAL LOANS

40.00
.................

129,517

29,004

(16) LYNN MERO......................................................................
VP OF CONSUMER LENDING

40.00
.................

133,449

28,304

(17) MARIA GARCIA-TORRES......................................................................
SVP OF ADMINISTRATION

40.00
.................

137,607

13,078

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(18) KAREN BROUSSEAU........................................................................
SVP OF RETAIL OPERATIONS

40.00
.......................

139,367

13,608

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1	13,219,730
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d	59,169
e	Add lines 2a through 2d .....................	2e	59,169
3	Subtract line 2e from line 1..................	3	13,160,561
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5	13,160,561

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1	12,155,307
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d
e	Add lines 2a through 2d....................	2e	0
3	Subtract line 2e from line 1...................	3	12,155,307
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.....................	4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5	12,155,307

Return Reference	Explanation
PART IV, LINE 2B:	AN ESCROW ACCOUNT IS MAINTAINED FOR EACH MORTGAGE WHERE ESCROW OF REAL ESTATE TAXES & HOME OWNERS INSURANCE IS REQUIRED. THE CREDIT UNION COMPLIES WITH ALL FEDERAL & STATE LAWS REGARDING DISCLOSURES AND OPERATION OF THESE ACCOUNTS.
PART X, LINE 2:	TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, INCLUDING THE POSITION THAT THE CREDIT UNION QUALIFIES AS A TAX EXEMPT ENTITY, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE UPHELD UNDER REGULATORY REVIEW. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE ACCRUED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL OR DISCLOSURE AT DECEMBER 31, 2025 OR 2024. THE CREDIT UNION RECORDS INTEREST AND PENALTIES AS PART OF INCOME TAX EXPENSE. NO INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS ENDED DECEMBER 31, 2025 OR 2024. THE CREDIT UNION'S TAX RETURNS FOR FISCAL YEARS ENDED DECEMBER 31, 2022 TO PRESENT ARE SUBJECT TO REVIEW BY FEDERAL AND STATE TAXING AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CSV LIFE INSURANCE 59,169.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1) OPACUM LAND TRUST PO BOX 233 STURBRIDGE,MA01566	04-3501184	501(C)(3)	7,000	0			EXEMPT PURPOSE
(2) FRIENDS OF STURBRIDGE-FISKDALE SENIORS INC 480 MAIN STREET STURBRIDGE,MA01566	04-2898238	501(C)(3)	7,000	0			EXEMPT PURPOSE

(a) Name and address of organization
or government

(b) EIN

(c) IRC section
(if applicable)

(d) Amount of cash grant

(e) Amount of non-cash
assistance

(f) Method of valuation
(book, FMV, appraisal,
other)

(g) Description of
noncash assistance

(h) Purpose of grant
or assistance

(1) OPACUM LAND TRUST
PO BOX 233
STURBRIDGE,MA01566

04-3501184

501(C)(3)

7,000

EXEMPT PURPOSE

(2) FRIENDS OF STURBRIDGE-FISKDALE SENIORS INC
480 MAIN STREET
STURBRIDGE,MA01566

04-2898238

501(C)(3)

7,000

EXEMPT PURPOSE

Return Reference	Explanation
PART I, LINE 2:	SCHOLARSHIP APPLICATIONS ARE REVIEWED FOR COMPLETION/INCLUSION OF ALL CATEGORIES SET FORTH BY THE CREDIT UNION. THE GRANT COMMITTEE MEMBERS PERFORM A FINAL REVIEW AND MAKE THE FINAL SELECTION BASED ON THE CRITERIA SET FORTH BY THE CREDIT UNION.

Return Reference

Explanation

PART I, LINE 2:

SCHOLARSHIP APPLICATIONS ARE REVIEWED FOR COMPLETION/INCLUSION OF ALL CATEGORIES SET FORTH BY THE CREDIT UNION. THE GRANT COMMITTEE MEMBERS PERFORM A FINAL REVIEW AND MAKE THE FINAL SELECTION BASED ON THE CRITERIA SET FORTH BY THE CREDIT UNION.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JEFFREY CANNIFF CFO/TREASURER	(i) (ii)	309,055 ------------- 0	0 ------------- 0	0 ------------- 0	19,998 ------------- 0	4,274 ------------- 0	333,327 ------------- 0	0 ------------- 0
2KATHERINE R THEODOSS PRESIDENT/ CEO	(i) (ii)	274,136 ------------- 0	0 ------------- 0	0 ------------- 0	20,560 ------------- 0	27,309 ------------- 0	322,005 ------------- 0	0 ------------- 0
3LYNN MERO VP OF CONSUMER LENDING	(i) (ii)	133,449 ------------- 0	0 ------------- 0	0 ------------- 0	9,631 ------------- 0	18,673 ------------- 0	161,753 ------------- 0	0 ------------- 0
4JO-ANN SANTELLI VP OF COMMERCIAL LOANS	(i) (ii)	129,517 ------------- 0	0 ------------- 0	0 ------------- 0	9,714 ------------- 0	19,290 ------------- 0	158,521 ------------- 0	0 ------------- 0
5KAREN BROUSSEAU SVP OF RETAIL OPERATIONS	(i) (ii)	139,367 ------------- 0	0 ------------- 0	0 ------------- 0	10,453 ------------- 0	3,155 ------------- 0	152,975 ------------- 0	0 ------------- 0
6MARIA GARCIA-TORRES SVP OF ADMINISTRATION	(i) (ii)	137,607 ------------- 0	0 ------------- 0	0 ------------- 0	10,320 ------------- 0	2,758 ------------- 0	150,685 ------------- 0	0 ------------- 0

Schedule J (Form 990) (Rev. 1-2025)

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 1A	ONE IMMEDIATE FAMILY MEMBER OR SIGNIFICANT OTHER TRAVEL EXPENSES WILL BE ALLOWED UP TO ONE TRIP PER YEAR IN ADDITION TO A CREDIT UNION RELATED CONVENTION AND THE CREDIT UNION ANNUAL PLANNING SESSION.
PART I, LINE 1B	GUIDELINES FOR OUT OF THE AREA EDUCATION, TRAINING AND TRAVEL EXPENSES GENERAL: OUT OF AREA EDUCATION/TRAINING/TRAVEL EXPENSES WILL BE COVERED FOR THE DURATION OF THE CONFERENCE OR SESSIONS AND SHALL INCLUDE REASONABLE TIME BEFORE AND AFTER THE EVENT FOR TRAVEL TO AND FROM, USUALLY ONE DAY IF NEEDED. TRAVEL: TRAVEL TO AND FROM EVENTS WILL USUALLY BE BY COMMERCIAL AIR CARRIER. RESERVATIONS SHOULD BE MADE TIMELY WHENEVER POSSIBLE TO TAKE ADVANTAGE OF SPECIAL FARES. PRIVATE AUTOMOBILES MAY/SHOULD BE USED WHEN AIR TRAVEL IS NOT AVAILABLE OR OTHER PERSONS ARE TRAVELING TO THE SAME CONFERENCE, MAKING AUTO TRAVEL MORE ECONOMICAL OR IT IS MORE ECONOMICAL AND PRACTICAL. HOTEL: ROOM CHARGES WILL BE COVERED AT THE SITE OF THE CONFERENCE OR ALTERNATIVE SITE IF PRIMARY SITE IS NOT AVAILABLE. TAXI, BUS, RENTAL CAR, OR SHUTTLE: REASONABLE TRANSPORTATION EXPENSES TO, TRANSPORTATION IN CONJUNCTION WITH THE EVENT GENERALLY WILL BE HOTEL AND/OR PRACTICAL FOR THE REASONABLE CONVENIENCE AND COMFORT OF THE FROM AND DURING THE CONFERENCE OR MEETING WILL BE REIMBURSED. SHUTTLE OR BUS. TAXIS OR RENTAL CARS MAY BE USED WHEN IT IS MORE ECONOMICAL TRAVELER. PARKING AND TOLL CHARGES: AIRPORT PARKING FOR PERSONAL VEHICLES WHEN USING AIR TRAVEL WILL BE PAID BY THE CREDIT UNION. TOLL CHARGES WILL BE PAID BY THE CREDIT UNION. MISCELLANEOUS: ALL MISCELLANEOUS EXPENSES WILL BE ITEMIZED AND EXPLAINED, SUCH AS BAGGAGE HANDLING, TIPS, OFFICIAL PHONE MESSAGES AND BRIEF CALLS HOME. TIPS: REASONABLE TIPPING WILL BE A COVERED EXPENSE. TIPS ARE NORMALLY ADDED TO MEALS AND WILL BE SHOWN ON THE RECEIPTS. OTHER TIPS WILL NEED TO BE ITEMIZED FOR CONSIDERATION OF REIMBURSEMENT. MEALS: ACTUAL COST OF MEALS, INCLUDING TIPS, DURING THE TIME OF ATTENDANCE AND TRAVEL WILL BE ALLOWED. A DAILY LIMIT OF $200 MAY BE ALLOWED FOR OUT OF TOWN TRAVEL. AUTO TRAVEL: MILEAGE REIMBURSEMENT RATE IS BASED ON THE CURRENT IRS RATE. ALL REQUESTS FOR MILEAGE REIMBURSEMENT WILL DETAIL THE MILES DRIVEN, ALONG WITH THE BUSINESS JUSTIFICATION. RECEIPTS: ALL RECEIPTS WILL BE ATTACHED TO JUSTIFY EXPENSES. ALL EXPENSES, REGARDLESS OF HOW PAID, WILL BE NOTED WITH THE JUSTIFICATION FOR BUSINESS PURPOSE AND DATES. EXPENSES CLAIMED WITHOUT A RECEIPT WILL BE KEPT TO A MINIMUM AND SUBJECT TO DENIAL. PURSUANT TO IRS RULES, UNSUBSTANTIATED EXPENSES IN EXCESS OF $30 PER DAY MAY BE TAXABLE INCOME FOR THE INDIVIDUAL. EXPENSE FORMS: ALL CLAIMED EXPENSES BY A DIRECTOR MUST BE SUBMITTED ON THE PROPER EXPENSE CLAIM FORM AND BE APPROVED BY THE AUDIT COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. AUDIT COMMITTEE EXPENSES WILL BE APPROVED BY THE BOARD CHAIR. FILES FOR EACH DIRECTOR WITH APPROPRIATE EXPENSE DOCUMENTATION WILL BE KEPT IN THE ACCOUNTING DEPARTMENT WHICH IS A CONTROLLED AREA. THESE FILES WILL BE AVAILABLE TO EXAMINERS, AUDITORS, AND THE MEMBERS. PROHIBITED ENTERTAINMENT EXPENSES: EXPENSES NOT REIMBURSABLE DURING BUSINESS TRAVEL WILL INCLUDE MAGAZINES, MOVIES, BOOKS, NEWSPAPERS, AND ANY OTHER NONBUSINESS RELATED EXPENSE WILL NOT BE REIMBURSED. REPORTING TO THE MEMBERSHIP: AT THE ANNUAL MEMBERS' MEETING, DIRECTOR EXPENSES SHALL BE REPORTED AS A WHOLE. AN AGGREGATE OF THE EXPENSES BY TYPE WILL BE REPORTED TO INCLUDE BUT NOT BE LIMITED TO MEETINGS, TRAVEL, LODGING, ETC. REVISED BY THE BOARD OF DIRECTORS ON MAY 19, 2009.
SCHEDULE J, PART I, LINE 2 - SUBSTANTIATION REQUIRED FOR REIMBURSEMENTS	RECEIPTS: ALL RECEIPTS WILL BE ATTACHED TO JUSTIFY EXPENSES. ALL FOR BUSINESS PURPOSE AND DATES. EXPENSES CLAIMED WITHOUT A RECEIPT WILL UNSUBSTANTIATED EXPENSES IN EXCESS OF $30 PER DAY MAY BE TAXABLE INCOME EXPENSES, REGARDLESS OF HOW PAID, WILL BE NOTED WITH THE JUSTIFICATION BE KEPT TO A MINIMUM AND SUBJECT TO DENIAL. PURSUANT TO IRS RULES, FOR THE INDIVIDUAL. EXPENSE FORMS: ALL CLAIMED EXPENSES BY A DIRECTOR MUST BE SUBMITTED ON THE PROPER EXPENSE CLAIM FORM AND BE APPROVED BY THE AUDIT COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. AUDIT COMMITTEE EXPENSES WILL BE APPROVED BY THE BOARD CHAIR. FILES FOR EACH DIRECTOR WITH APPROPRIATE EXPENSE DOCUMENTATION WILL BE KEPT IN THE ACCOUNTING DEPARTMENT WHICH IS A CONTROLLED AREA. THESE FILES WILL BE AVAILABLE TO EXAMINERS, AUDITORS, AND THE MEMBERS. PROHIBITED ENTERTAINMENT EXPENSES: EXPENSES NOT REIMBURSABLE DURING BUSINESS TRAVEL WILL INCLUDE MAGAZINES, MOVIES, BOOKS, NEWSPAPERS, AND ANY OTHER NONBUSINESS RELATED EXPENSE WILL NOT BE REIMBURSED. REPORTING TO THE MEMBERSHIP: AT THE ANNUAL MEMBERS' MEETING, DIRECTOR TYPE WILL BE REPORTED TO INCLUDE BUT NOT BE LIMITED TO MEETINGS, EXPENSES SHALL BE REPORTED AS A WHOLE. AN AGGREGATE OF THE EXPENSES BY TRAVEL, LODGING, ETC.

1(a) Name of disqualified person

(b) Relationship between disqualified person and organization

(d) Corrected?

Yes

(a) Name of interested person

(b) Relationship with organization

(d) Loan to or from the organization?

(e) Original principal amount

(f) Balance due

(g) In default?

(h) Approved by board or committee?

(i) Written agreement?

From

Yes

(1) SEE SUPPLEMENTAL INFORMATION FOR DISCLOSURE

Total ............... $

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Type of assistance

(e) Purpose of assistance

(a) Name of interested person

(b) Relationship between interested person and the organization

(d) Description of transaction

(e) Sharing of organization's revenues?

Yes

Return Reference	Explanation
SCHEDULE L, PART II - LOANS TO AND/OR FROM INTERESTED PERSONS	SOME OF THE OFFICERS AND DIRECTORS HAVE LOANS OUTSTANDING WITH THE CREDIT UNION. THESE LOANS WERE OBTAINED IN THE ORDINARY COURSE OF BUSINESS WITH THE SAME TERMS AS ARE AVAILABLE TO ALL MEMBERS. AS PER INSTRUCTIONS FOR SCHEDULE L THESE LOANS ARE NOT TO BE SCHEDULED.

Return Reference

Explanation

SCHEDULE L, PART II - LOANS TO AND/OR FROM INTERESTED PERSONS

SOME OF THE OFFICERS AND DIRECTORS HAVE LOANS OUTSTANDING WITH THE CREDIT UNION. THESE LOANS WERE OBTAINED IN THE ORDINARY COURSE OF BUSINESS WITH THE SAME TERMS AS ARE AVAILABLE TO ALL MEMBERS. AS PER INSTRUCTIONS FOR SCHEDULE L THESE LOANS ARE NOT TO BE SCHEDULED.

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNIONS IS A MEMBERS ONLY CREDIT UNION CHARTERED IN MASSACHUSETTS. MEMBERSHIP IN THE SOUTHBRIDGE CREDIT UNION IS AVAILABLE TO PERSONS, BUSINESSES AND ORGANIZATIONS THAT ARE EITHER RESIDING, WORKING OR OPERATING WITHIN OUR SPHERE OF OPERATION. THIS IS THE MASSACHUSETTS COUNTIES OF WORCESTER, BRISTOL, FRANKLIN, HAMPSHIRE, NORFOLK, HAMPDEN, WINDHAM AND MIDDLESEX, AND WITHIN A 25-MILES RADIUS OF OUR MAIN BRANCH, IN SOUTHBRIDGE, WHICH BORDERS CONNECTICUT.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING AND VOTE ON ALL BUSINESS PRESENTED AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7B	THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING AND VOTE ON ALL BUSINESS PRESENTED AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 11B	BY BOARD APPROVAL FORM 990 WILL BE REVIEWED BY SOUTHBRIDGE CREDIT UNION'S TREASURER/CFO OR PRESIDENT/CEO PRIOR TO BEING FILED.
FORM 990, PART VI, SECTION B, LINE 12C	THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY IN PLACE. THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY ANNAULLY.
FORM 990, PART VI, SECTION B, LINE 15A	COMPENSATION OF PRESIDENT/CEO: THE SOUTHBRIDGE CREDIT UNION'S PERSONNEL COMMITTEE COMPLETES AN EMPLOYEE EVALUATION ON THE PRESIDENT/CEO AND THEN THE EVALUATION AND COMPENSATION RECOMMENDATION IS BROUGHT TO THE SOUTHBRIDGE CREDIT UNION'S BOARD FOR APPROVAL. THE PRESIDENT/CEO COMPLETES AN EMPLOYEE EVALUATION FOR ALL OTHER SOUTHBRIDGE CREDIT UNION'S OFFICERS AND APPROVES THE COMPENSATION STAYING WITHIN THE CURRENT YEAR'S BUDGET WHICH HAD BEEN APPROVED BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19	DOCUMENTS AVAILABLE TO PUBLIC, SOUTHBRIDGE CREDIT UNION'S AUDIT COMMITTEE SIGNS A MONTHLY STATEMENT OF CONDITION, WHICH IS POSTED IN THE LOBBY OF EACH BRANCH LOCATION THE THIRD WEEK OF EACH MONTH. ALL OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	CSV LIFE INSURANCE 59,169.
FORM 990, PART XII, LINE 2C:	THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE CREDIT UNIONS IS A MEMBERS ONLY CREDIT UNION CHARTERED IN MASSACHUSETTS. MEMBERSHIP IN THE SOUTHBRIDGE CREDIT UNION IS AVAILABLE TO PERSONS, BUSINESSES AND ORGANIZATIONS THAT ARE EITHER RESIDING, WORKING OR OPERATING WITHIN OUR SPHERE OF OPERATION. THIS IS THE MASSACHUSETTS COUNTIES OF WORCESTER, BRISTOL, FRANKLIN, HAMPSHIRE, NORFOLK, HAMPDEN, WINDHAM AND MIDDLESEX, AND WITHIN A 25-MILES RADIUS OF OUR MAIN BRANCH, IN SOUTHBRIDGE, WHICH BORDERS CONNECTICUT.

FORM 990, PART VI, SECTION A, LINE 7A

THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING AND VOTE ON ALL BUSINESS PRESENTED AT THE ANNUAL MEETING.

FORM 990, PART VI, SECTION A, LINE 7B

THE MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING AND VOTE ON ALL BUSINESS PRESENTED AT THE ANNUAL MEETING.

FORM 990, PART VI, SECTION B, LINE 11B

BY BOARD APPROVAL FORM 990 WILL BE REVIEWED BY SOUTHBRIDGE CREDIT UNION'S TREASURER/CFO OR PRESIDENT/CEO PRIOR TO BEING FILED.

FORM 990, PART VI, SECTION B, LINE 12C

THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY IN PLACE. THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY ANNAULLY.

FORM 990, PART VI, SECTION B, LINE 15A

COMPENSATION OF PRESIDENT/CEO: THE SOUTHBRIDGE CREDIT UNION'S PERSONNEL COMMITTEE COMPLETES AN EMPLOYEE EVALUATION ON THE PRESIDENT/CEO AND THEN THE EVALUATION AND COMPENSATION RECOMMENDATION IS BROUGHT TO THE SOUTHBRIDGE CREDIT UNION'S BOARD FOR APPROVAL. THE PRESIDENT/CEO COMPLETES AN EMPLOYEE EVALUATION FOR ALL OTHER SOUTHBRIDGE CREDIT UNION'S OFFICERS AND APPROVES THE COMPENSATION STAYING WITHIN THE CURRENT YEAR'S BUDGET WHICH HAD BEEN APPROVED BY THE BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION C, LINE 19

DOCUMENTS AVAILABLE TO PUBLIC, SOUTHBRIDGE CREDIT UNION'S AUDIT COMMITTEE SIGNS A MONTHLY STATEMENT OF CONDITION, WHICH IS POSTED IN THE LOBBY OF EACH BRANCH LOCATION THE THIRD WEEK OF EACH MONTH. ALL OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.

FORM 990, PART XI, LINE 9:

CSV LIFE INSURANCE 59,169.

FORM 990, PART XII, LINE 2C:

THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.

1	Briefly describe the organization’s mission or most significant activities: PROVIDE FINANCIAL PRODUCTS AND PERSONALIZED SERVICES THAT WILL ASSIST OUR MEMBERS IN ACHIEVING THEIR FINANCIAL GOALS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	10
5	Total number of individuals employed in calendar year 2025 (Part V, line 2a) ......	5	48
6	Total number of volunteers (estimate if necessary) .............	6	11
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	9,956,574	10,402,784
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	714,513	1,541,982
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	1,207,195	1,215,795
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	11,878,282	13,160,561
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	115,112	136,827
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	3,559,128	3,967,663
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	7,756,352	8,050,817
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	11,430,592	12,155,307
19	Revenue less expenses. Subtract line 18 from line 12.......	447,690	1,005,254
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	222,471,452	236,321,866
21	Total liabilities (Part X, line 26).............	198,688,494	211,146,509
22	Net assets or fund balances. Subtract line 21 from line 20.....	23,782,958	25,175,357

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	SOUTHBRIDGE CREDIT UNION IS A MEMBER-OWNED CREDIT UNION THAT COMMITTED TO PROVIDING ITS MEMBERS WITH SUPERIOR FINANCIAL SERVICES. ITS PRIMARY FUNCTION IS TO PROVIDE LOANS TO ITS MEMBERS AS WELL AS ACCEPT DEPOSITS FROM THEM. FOR YEAR ENDED 12/31/2025, LOAN INTEREST RECEIVED FROM MEMBERS WAS $9,175,811.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	INTEREST PAID ON SHARE ACCOUNTS $2,998,861

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	1,135,131	0	156,135

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	INTEREST ON LOANS	900099	9,175,811	9,175,811
b	FEES & COMMISSIONS	900099	1,198,612	1,198,612
c	BORROWER'S INSURANCE	900099	28,361	28,361
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		10,402,784

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,515,295			1,515,295
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a	72,791
b	Less: rental expenses	6b	0
c	Rental income or (loss)	6c	72,791
d	Net rental income or (loss).......			72,791	72,791
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a		117,470
b	Less: cost or other basis and sales expenses	7b		90,783
c	Gain or (loss)	7c		26,687
d	Net gain or (loss).........			26,687			26,687
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a	ATM SERVICE FEES		900099	899,697	899,697
b	OTHER INCOME		900099	243,307	243,307
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			1,143,004
12	Total revenue. See instructions.....			13,160,561	11,618,579	0	1,541,982

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	128,827
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	8,000
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	595,191
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	2,147,897
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	197,522
9	Other employee benefits .......	803,321
10	Payroll taxes ...........	223,732
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	10,453
c	Accounting ...........	175,151
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	1,800
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	399,209
13	Office expenses .......	223,279
14	Information technology ......	771,429
15	Royalties ..
16	Occupancy ...........	885,411
17	Travel ............	14,085
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........	3,037,923
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	549,788
23	Insurance ...	46,614
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	ATM & DEBIT CARD PROCES	599,462
b	PROVISION FOR LOAN LOSS	394,075
c	CONSULTANT FEES	271,945
d	KASASA REWARDS	250,509
e	All other expenses	419,684
25	Total functional expenses. Add lines 1 through 24e	12,155,307
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			2,514,195	1	2,727,403
2	Savings and temporary cash investments .........			24,670,193	2	15,133,034
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			695,279	4	992,677
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			171,728,577	7	172,044,806
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	13,573,851
b	Less: accumulated depreciation	10b	7,846,566	5,169,349	10c	5,727,285
11	Investments—publicly traded securities .			8,713,273	11	28,235,258
12	Investments—other securities. See Part IV, line 11 .....			192,200	12	192,200
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			8,788,386	15	11,269,203
16	Total assets. Add lines 1 through 15 (must equal line 33)...			222,471,452	16	236,321,866

17	Accounts payable and accrued expenses .....	494,249	17	571,632
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D	623,111	21	639,954
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	197,571,134	25	209,934,923
26	Total liabilities. Add lines 17 through 25..	198,688,494	26	211,146,509

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	23,782,958	31	25,175,357
32	Total net assets or fund balances ...........	23,782,958	32	25,175,357
33	Total liabilities and net assets/fund balances ........	222,471,452	33	236,321,866

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	244,000		244,000
b	Buildings ....	5,998,215	3,460,091	2,538,124
c	Leasehold improvements	3,849,454	1,574,189	2,275,265
d	Equipment ....	2,539,751	2,107,404	432,347
e	Other .....	942,431	704,882	237,549
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				5,727,285

Software ID:
Software Version:

Software ID:
Software Version:

Software ID:
Software Version:

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
DEPOSITS	206,921,487
OTHER LIABILITIES	676,248
RIGHT-OF-USE	2,337,188






Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	209,934,923
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No
(1) SEE SUPPLEMENTAL INFORMATION FOR DISCLOSURE				X				No		No		No



Total ............... $

(a) Name of interested person	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person	(c) Amount of transaction	(d) Description of transaction	Yes	No