2025-11-17T14:57:37-06:00 2024-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2024-01-01 042206928 BRIGHTBRIDGE CREDIT UNION BRIG 5082792400 500 MERRIMACK STREET LAWRENCE MA 01843 BRADFORD P EGAN COO 5082792400 2025-11-17 1 0 STEPHEN A ROLLINS CPA P01438963 6176968900 2025-11-14 2024 2025-03-06 01:10:19Z X JOHN J HOWARD 500 MERRIMACK STREET LAWRENCE MA 01843 141492332 0 X WWW.MVCU.COM X 1955 MA MEMBER OWNED FINANCIAL INSTITUTION OFFERING A VARIETY OF SAVINGS AND LOAN PRODUCTS. 24 24 279 24 168696 105982 0 0 75728753 98628087 15647577 16675465 0 0 91376330 115303552 336 0 19325096 30574287 32505046 39707819 0 0 0 31050428 37813021 82880906 108095127 8495424 7208425 2243805340 2206868303 2060880432 2013104511 182924908 193763792 TO SERVE OUR COMMUNITY AND PARTNER WITH OUR MEMBERS TO OFFER VALUE ADDED FINANCIAL PRODUCTS, SERVICES, SOLUTIONS AND EXCELLENT MEMBER SERVICE. 0 0 SERVE APPROXIMATELY 84,000 MEMBERS OFFERING A WIDE VARIETY OF LOAN AND DEPOSIT PRODUCTS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 23651 0 1 279 1 1 1 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X JOHN J HOWARD 5082792412 500 MERRIMACK STREET LAWRENCE MA 01843 ARTHUR OSBORN DIRECTOR 3.00 X 0 0 0 SUSAN OSBORN DIRECTOR 3.00 X 0 0 0 ALEXANDER R OSKI DIRECTOR 3.00 X 0 0 0 BRITTNEY T PICKERING DIRECTOR 3.00 X 0 0 0 LEON PRATT JR DIRECTOR 3.00 X 0 0 0 MAUREEN RONAYNE SECRETARY 3.00 X X 0 0 0 STEPHANIE A SOUSA DIRECTOR 3.00 X 0 0 18065 JOHN F TORPEY DIRECTOR 3.00 X 0 0 0 DOMENIC P MAZZOCCO CHAIRMAN 3.00 X X 0 0 0 BERNARD J MULHOLLAND 1ST VICE CHAIRMAN 3.00 X X 0 0 9060 ARTHUR ODEA 2ND VICE CHAIRMAN 3.00 X X 0 0 0 CATHERINE DEBURRO DIRECTOR 3.00 X 0 0 0 CHRISTIANA LANCIONE DIRECTOR 3.00 X 0 0 0 DAVID LONDON ASSISTANT TREASURER 3.00 X X 0 0 9539 HENRY DOYLE DIRECTOR 3.00 X 0 0 0 JOAN KUHN DIRECTOR 3.00 X 0 0 0 JOHN GARRASI DIRECTOR 3.00 X 0 0 0 JOHN MANCINI DIRECTOR 3.00 X 0 0 0 JOSEPH KELLEHER DIRECTOR 3.00 X 0 0 0 MARY K BRIAND DIRECTOR 3.00 X 0 0 5595 MUKESH DAVE TREASURER 3.00 X X 0 0 0 PAUL MCGOWAN DIRECTOR 3.00 X 0 0 0 PETER A MILLS DIRECTOR 3.00 X 0 0 0 RONALD GUILMETTE DIRECTOR 3.00 X 0 0 0 AUDREY GALLIVAN DIRECTOR 1.00 X 0 0 4164 JOHN HOWARD PRESIDENT / CEO 37.50 X 941800 0 42420 BRADFORD EGAN EVP / CHIEF LENDING OFFICE 37.50 X 670179 0 42420 STEPHEN LYNCH SVP / INFORMATION TECHNOLO 37.50 X 426260 0 42420 YEAN-AI LONG SVP MARKETING 37.50 X 287611 0 34332 ANTHONY MARINO SVP ORGANIZATIONAL DEVELOP 37.50 X 240449 0 26786 DANTE DIMASSA SVP RESIDENTIAL LENDING 37.50 X 289252 0 38128 ROBERT PIEPENBURG VP COMMERCIAL LENDING 37.50 X 314475 0 41534 CHRISTINE RONCA SVP OPERATIONS 37.50 X 290741 0 21280 JOHN MACKENZIE VP FINANCE 37.50 X 258614 0 36152 LOUIS SERIO VP IT 37.50 X 235446 0 17888 THERESA HAYES VP ONLINE AND DIGITAL CHAN 37.50 X 235170 0 41029 TRACY MERMET VP HUMAN RESOURCES 37.50 X 248263 0 34971 ROBERT CABRAL VP CONSUMER LENDING MANAGE 37.50 X 205126 0 14143 JOHN HIMMEL VP COLLECTIONS 37.50 X 148355 0 28034 ANNETTE YEE VP PROJECT DEVELOPMENT & C 37.50 X 166145 0 29386 STEPHANIE LEE VP OPERATIONS 37.50 X 178563 0 20459 ANITA PARKER VP / RISK MANAGEMENT 37.50 X 205613 0 16321 GLENN PREZZANO VP CORPORATE COMMUNICATION 37.50 X 195713 0 14604 KATIE LOWERY AVP MORTGAGE LENDING OPERA 37.50 X 187690 0 22654 PAUL CARRIERE MORTGAGE LOAN ORIGINATOR ( 37.50 X 203543 0 39355 ZOBEIDA DUARTE AVP MEMBER SUPPORT 37.50 X 116362 0 17854 MEGHA SINGH AVP COLLECTIONS 37.50 X 153178 0 11891 DAVID TRAPP AVP ALM, PLANNING & BUDGET 37.50 X 153815 0 28716 RICHARD WRIGHT STRATEGIC ADVISOR 37.50 X 576848 0 33940 NICOLE JAMES EVP, CHIEF RETAIL OFFICER 37.50 X 663106 0 34120 CHRISTOPHER WHITE SVP DIGITAL CHANNELS 37.50 X 277277 0 31455 RONALD RYEL VP INFORMATION SECURITY 37.50 X 245469 0 35273 LISA ROHMER SVP LOAN ADMINISTRATION 37.50 X 240563 0 34307 ANN-MARIE GORDON VP DEPOIST OPERATIONS 37.50 X 226625 0 33938 MILAGROS ZAYAS VP MEMBER EXPERIENCE 37.50 X 171608 0 24152 TIMOTHY FRECHETTE VP COMMERICAL LEDNING OFFI 37.50 X 180812 0 37024 JOSEPH CONNORS VP COMMUNITY & MEMBER ENGA 37.50 X 196124 0 31663 SARITA LEDANI VP SEG, MEMBER GROWTH & DE 37.50 X 178124 0 30426 PEDRO LOPES AVP TECHNOLOGY APPLICATION 37.50 X 178976 0 38635 GARY CHANDLER VP GENERAL COUNSEL 37.50 X 160389 0 20804 PAULA KERWIN VP MARKETING 37.50 X 160532 0 21783 KELLLIE BROOKS VP PROGRAM MANAGEMENT OFFICE 37.50 X 181481 0 13438 TIMOTHY BROWN AVP COMMERICAL LENDING 37.50 X 168336 0 12881 BAILEY CASEY VP CONTROLLER 37.50 X 34618 0 4456 BRIAN HARRINGTON VP FINANCE & TREASURY 37.50 X 96576 0 2718 JOHN HUBBARD MORTGAGE LOAN ORIGINATOR (OUTSIDE SALES) 37.50 X 201198 0 31005 HELEN NAZAR VP ELECTRONIC OPERATIONS 37.50 X 173151 0 38196 JAMES PORTER VP RETAIL 37.50 X 210013 0 36835 REBECCA SCAGLIONE SENIOR MORTGAGE LOAN ORIGINATOR-INTERNAL 37.50 X 170699 0 20932 ALYSSA REBELLO AVP RISK/ COMPLIANCE MANAGER 37.50 X 155856 0 35975 MICHAEL VALLEY EVP CFO/COO 37.50 X 698718 0 34120 11899462 0 1347276 44 0 1 0 XACTUS LLC PO BOX 70784 PHILADELPHIA PA 19176 CREDIT REPORTS 286369 500 RIVERWALK LLC 280 MERRIMACK ST LAWRENCE MA 01843 BRANCH RENT, LAWRENCE & CONDO FEE 206701 DELTA & DELTA REALTY TRUST 875 EAST STREET TEWKSBURY MA 01876 RENT 200701 E A ONE LIMITED PARTNERSHIP 10 INDUSTRIAL WAY AMESBURY MA 01913 RENT 133148 LATE NIGHT LLC ONE VAN DE GRAAF DRIVE SUITE 402 BURLINGTON MA 01803 RENT 120609 5 LOAN INTEREST FEE 522100 84296082 84296082 FEE INCOME 522100 12550157 12381461 168696 OTHER OPERATING INCOME 522100 1781848 1781848 98628087 16840963 16840963 26023282 26010415 178365 12867 -178365 -165498 -165498 115303552 115300354 168696 -165498 30574287 13200315 20116579 1090512 3183058 2117355 1849459 372859 470072 354516 2044275 2606287 3626328 3571118 1238369 2467706 1953210 347142 MISCELLANEOUS OPERATING 4932845 INTANGIBLE AMORTIZATION 3569189 ATM EXPENSE 2936818 LOAN SERVICING EXPENSE 2827717 2645111 108095127 12600406 11094916 85198481 72177426 25742166 26207818 1500658466 1568053884 1733998 3048445 39934761 13668909 25745999 26265852 466725750 363794060 17005371 7088518 62680035 59110846 45714668 70026538 2243805340 2206868303 25968357 15902552 4328202 8606090 32853277 85000000 1997730596 1903595869 2060880432 2013104511 X 0 0 0 0 182924908 193763792 182924908 193763792 2243805340 2206868303 7208425 3630459 0 X 0 1 X 1 0 0 1 X 2717030 2717030 28277336 7318916 20958420 3400196 3051641 348555 5151059 3004552 2146507 389140 293800 95340 26265852 SECURITIES - AVAILABLE FOR SALE 363794060 F 363794060 MEMBER SHARE AND DEPOSIT ACCOUNTS 1903595869 1903595869 115303552 0 115303552 0 115303552 108095127 0 108095127 0 108095127 PART IV, LINE 2B: ESCROW PAYABLE IS FOR REAL ESTATE TAXES ON FICS LOANS. 1 LAWRENCE PARTNERSHIPS 420 COMMON ST LAWRENCE MA 01840 043479606 15000 0 ANNUAL SPONSPORSHIP & GENERAL SUPPORT EMMAUS INC 127 HOW STREET HAVERHILL MA 01830 222702774 501(C)(3) 30000 0 ANNUAL SPONSORSHIP AND GENERAL SUPPORT CU KIDS AT HEART 35 CORPORATE DRIVE SUITE 300 BURLINGTON MA 01803 814905853 501(C)(3) 14700 0 GENERAL SUPPORT BRIGHAM & WOMANS HOSPITAL 363 HUNTINGTON AVE 318 BOSTON MA 02115 042921338 501(C)(3) 25000 0 GENERAL SUPPORT MERRIMACK VALLEY CHAMBER OF COMMERCE 364 ESSEX STREET LAWRENCE MA 01840 041527920 501(C)(6) 7500 0 ANNUAL SPONSPORSHIP & GENERAL SUPPORT CATIE'S CLOSET 28 LOON HILL ROAD DRACUT MA 01826 272531953 501(C)(3) 10000 0 GENERAL SUPPORT PLYMOUTH PUBLIC LIBRARY FOUNDATION 132 SOUTH STREET PLYMOUTH MA 02360 046051039 501(C)(3) 7500 0 GENERAL SUPPORT LAWRENCE GENERAL HOSPITAL ONE GENERAL STREET PO BOX 189 LAWRENCE MA 01842 042103586 501(C)(3) 25000 0 GENERAL SUPPORT MASS FALLEN HEROS 12 CHANNEL STREET SUITE 603 BOSTON MA 02210 273495087 501(C)(3) 10000 0 GENERAL SUPPORT PART I, LINE 2: CREDIT UNION PROVIDES GRANTS TO HELP IMPROVE COMMUNITY. X X X X 1 0 0 JOHN HOWARD PRESIDENT / CEO 742300 0 199500 0 0 0 24150 0 18270 0 984220 0 0 0 MICHAEL VALLEY EVP CFO/COO 508718 0 190000 0 0 0 24150 0 9970 0 732838 0 0 0 BRADFORD EGAN EVP / CHIEF LENDING OFFICE 500179 0 170000 0 0 0 24150 0 18270 0 712599 0 0 0 NICOLE JAMES EVP, CHIEF RETAIL OFFICER 473106 0 190000 0 0 0 24150 0 9970 0 697226 0 0 0 RICHARD WRIGHT STRATEGIC ADVISOR 526848 0 50000 0 0 0 24150 0 9790 0 610788 0 0 0 STEPHEN LYNCH SVP / INFORMATION TECHNOLO 306260 0 120000 0 0 0 24150 0 18270 0 468680 0 0 0 ROBERT PIEPENBURG VP COMMERCIAL LENDING 289475 0 25000 0 0 0 17326 0 24208 0 356009 0 0 0 DANTE DIMASSA SVP RESIDENTIAL LENDING 229252 0 60000 0 0 0 20038 0 18090 0 327380 0 0 0 YEAN-AI LONG SVP MARKETING 254828 0 32783 0 0 0 16242 0 18090 0 321943 0 0 0 CHRISTINE RONCA SVP OPERATIONS 230741 0 60000 0 0 0 18121 0 3159 0 312021 0 0 0 CHRISTOPHER WHITE SVP DIGITAL CHANNELS 240158 0 37119 0 0 0 17612 0 13843 0 308732 0 0 0 JOHN MACKENZIE VP FINANCE 202364 0 56250 0 0 0 18083 0 18069 0 294766 0 0 0 TRACY MERMET VP HUMAN RESOURCES 200206 0 48057 0 0 0 16894 0 18077 0 283234 0 0 0 RONALD RYEL VP INFORMATION SECURITY 233440 0 12029 0 0 0 17183 0 18090 0 280742 0 0 0 THERESA HAYES VP ONLINE AND DIGITAL CHAN 174570 0 60600 0 0 0 14852 0 26177 0 276199 0 0 0 LISA ROHMER SVP LOAN ADMINISTRATION 205563 0 35000 0 0 0 16839 0 17468 0 274870 0 0 0 ANTHONY MARINO SVP ORGANIZATIONAL DEVELOP 207225 0 33224 0 0 0 16719 0 10067 0 267235 0 0 0 ANN-MARIE GORDON VP DEPOIST OPERATIONS 197234 0 29391 0 0 0 15864 0 18074 0 260563 0 0 0 LOUIS SERIO VP IT 207539 0 27907 0 0 0 14729 0 3159 0 253334 0 0 0 JAMES PORTER VP RETAIL 200013 0 10000 0 0 0 10932 0 25903 0 246848 0 0 0 PAUL CARRIERE MORTGAGE LOAN ORIGINATOR ( 35844 0 167699 0 0 0 14239 0 25116 0 242898 0 0 0 JOHN HUBBARD MORTGAGE LOAN ORIGINATOR (OUTSIDE SA 31705 0 169493 0 0 0 14083 0 16922 0 232203 0 0 0 JOSEPH CONNORS VP COMMUNITY & MEMBER ENGA 183482 0 12642 0 0 0 13679 0 17984 0 227787 0 0 0 ANITA PARKER VP / RISK MANAGEMENT 176654 0 28959 0 0 0 14339 0 1982 0 221934 0 0 0 ROBERT CABRAL VP CONSUMER LENDING MANAGE 170126 0 35000 0 0 0 12210 0 1933 0 219269 0 0 0 TIMOTHY FRECHETTE VP COMMERICAL LEDNING OFFI 171357 0 9455 0 0 0 10841 0 26183 0 217836 0 0 0 PEDRO LOPES AVP TECHNOLOGY APPLICATION 168604 0 10372 0 0 0 12528 0 26107 0 217611 0 0 0 HELEN NAZAR VP ELECTRONIC OPERATIONS 155130 0 18021 0 0 0 12121 0 26075 0 211347 0 0 0 KATIE LOWERY AVP MORTGAGE LENDING OPERA 172916 0 14774 0 0 0 13006 0 9648 0 210344 0 0 0 GLENN PREZZANO VP CORPORATE COMMUNICATION 172746 0 22967 0 0 0 13238 0 1366 0 210317 0 0 0 SARITA LEDANI VP SEG, MEMBER GROWTH & DE 163124 0 15000 0 0 0 12469 0 17957 0 208550 0 0 0 STEPHANIE LEE VP OPERATIONS 158614 0 19949 0 0 0 11643 0 8816 0 199022 0 0 0 MILAGROS ZAYAS VP MEMBER EXPERIENCE 151608 0 20000 0 0 0 12012 0 12140 0 195760 0 0 0 ANNETTE YEE VP PROJECT DEVELOPMENT & C 149553 0 16592 0 0 0 11518 0 17868 0 195531 0 0 0 KELLLIE BROOKS VP PROGRAM MANAGEMENT OFFICE 181481 0 0 0 0 0 10572 0 2866 0 194919 0 0 0 ALYSSA REBELLO AVP RISK/ COMPLIANCE MANAGER 146364 0 9492 0 0 0 10902 0 25073 0 191831 0 0 0 REBECCA SCAGLIONE SENIOR MORTGAGE LOAN ORIGINATOR-INTE 77554 0 93145 0 0 0 11929 0 9003 0 191631 0 0 0 DAVID TRAPP AVP ALM, PLANNING & BUDGET 144144 0 9671 0 0 0 10893 0 17823 0 182531 0 0 0 PAULA KERWIN VP MARKETING 146578 0 13954 0 0 0 10918 0 10865 0 182315 0 0 0 TIMOTHY BROWN AVP COMMERICAL LENDING 122500 0 45836 0 0 0 11783 0 1098 0 181217 0 0 0 GARY CHANDLER VP GENERAL COUNSEL 152187 0 8202 0 0 0 11227 0 9577 0 181193 0 0 0 JOHN HIMMEL VP COLLECTIONS 132238 0 16117 0 0 0 10273 0 17761 0 176389 0 0 0 MEGHA SINGH AVP COLLECTIONS 138178 0 15000 0 0 0 10714 0 1177 0 165069 0 0 0 PETER MATTHEWS FORMER CEO/PRESIDENT SPLIT DOLLAR LOAN X 1553869 850000 0 1 1 JOHN J HOWARD CEO/PRESIDENT SPLIT DOLLAR LOAN X 24407214 18586978 0 1 1 BRAD EGAN CLO & CORPORATE STRATEGY EVP SPLIT DOLLAR LOAN X 7848605 6770840 0 1 0 26207818 FORM 990, PART VI, SECTION A, LINE 6 DEPOSITORS WITH A MINIMUM BALANCE OF $5 IN THEIR SAVINGS ACCOUNT ARE MEMBERS AND EACH MEMBER HAS EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE VOTED BY THE MEMBERS AT THE ANNUAL MEETING FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF DIRECTORS, CHARTER CHANGES, AND MERGERS REQUIRE A VOTE BY THE MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND/OR CFO WILL PRESENT THE 990 TO THE CEO AND AUDIT COMMITTEE FOR FINAL REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST MUST BE DISCLOSED PURSUANT TO THE POLICY. SUCH DISCLOSURES MUST BE MADE IN WRITING TO THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER MUST RETAIN THOSE DISCLOSURES. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE CEO'S SALARY STRUCTURE BASED UPON MARKET DATA SUBSCRIBED BY THE SVP OF HR. THE CU USES COMPENSATION SURVEYS FOR GENERAL PAY SCALES AND TOM WARREN AND ASSOCIATES TO COMPLETE A SALARY STRUCTURE REALIGNMENT. THIS PROCESS WAS MOST RECENTLY COMPLETED IN [2019]. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE IN THE LOBBY OF EACH BRANCH. THE CREDIT UNION'S CALL REPORT INFORMATION IS AVAILABLE ON THE NCUA WEBSITE. FORM 990, PAGE 1, PART B THE CREDIT UNION CHANGED ITS NAME FROM MERRIMACK VALLEY CREDIT UNION TO BRIGHTBRIDGE CREDIT UNION. ARTICLES OF AMMENDMENT WERE FILED WITH THE STATE OF MASSACHUSETTS ON 3/24/2025. SEE ATTACHED COPY. RTN GOODWORKS FOUNDATION 600 MAIN ST WALTHAM MA 02452 800709184 COMMUNITY ACTIVITIES AND FINANCIAL LITERACY; GRANT MAKING MA 501(C)(3) LINE 7 MERRIMACK VALLEY CREDIT UNION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0