2012-11-14T14:50:11-06:00 2011-12-31 161148763 FIRLEY MORAN FREER & EASSA PC 5010 CAMPUSWOOD DR E SYRACUSE NY 13057 990 2011-01-01 141407718 HUDSON RIVER COMMUNITY CREDIT UNION HUDS 5186549028 312 PALMER AVENUE CORINTH NY 12822 PAULA SHEELY 5186549028 2012-11-15 1 TAMMY L TRIPPANY P00365032 3154727045 2011 2016-02-24 21:20:13Z PAULA SHEELY 312 PALMER AVENUE CORINTH NY 12822 12131845 0 X WWW.HRCCU.ORG X STATE CHARTERED CREDIT UNION 1954 NY HRCCU PROVIDES UNIQUE, QUALITY FINANCIAL SERVICES TO IMPROVE THE FINANCIAL WELL-BEING OF MEMBERS AND THEIR FAMILIES. HRCCU SERVES AS AN ALTERNATIVE TO BANKS AND OTHER FINANCIAL INSTITUTIONS BY PROVIDING BASIC SAVINGS AND LOAN SERVICES WITH EMPHASIS ON HIGH QUALITY MEMBER SERVICE. 7 7 84 0 42684 5390 0 0 7474192 7175084 1039153 945452 3160007 3858173 11673352 11978709 0 0 0 0 3683471 3778341 0 0 0 7040704 6636963 10724175 10415304 949177 1563405 155811975 161603970 136371993 140143194 19439982 21460776 HUDSON RIVER COMMUNITY CREDIT UNION'S MISSION IS TO IMPROVE THE WELL-BEING OF MEMBERS AND THEIR FAMILIES BY PROVIDING QUALITY FINANCIAL SERVICES WITH THE BEST OVERALL VALUE. 0 0 THE CREDIT UNION PROVIDES LOW-COST FINANCIAL PRODUCTS AND SERVICES INCLUDING ONLINE-BANKING, ACCESS TO ATMS AND AN AUDIO-RESPONSE SYSTEM. HRCCU OFFERS LOW INTEREST RATES ON LOANS AND CREDIT CARDS. THE WIDE RANGE OF LOAN PRODUCTS AND INTEREST RATES ENABLE THE CREDIT UNION TO ACCOMODATE AS MANY MEMBER LOANS AS POSSIBLE. COMPETITIVE DIVIDEND RATES ARE PAID ON SAVINGS AND INVESTMENT ACCOUNTS. HRCCU PROVIDES A VARIETY OF PRODUCTS TO MEMBERS TO OFFER RATES THAT WILL MEET THEIR NEEDS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 0 1 11 0 1 84 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 1 1 0 NY X SUSAN LEOUS 5186549028 312 PALMER AVENUE CORINTH NY 12822 CAROL ANN PACCO-LONG 2.00 X X 0 0 0 CHARLES PASQUARELL III 2.00 X X 0 0 0 MARGARET RABIDA 2.00 X 0 0 0 STUART FIELDS 3.00 X X 0 0 0 MARGARET FOOTE 2.00 X 0 0 0 HAROLD JONES 2.00 X 0 0 0 THOMAS UNCHER 2.00 X 0 0 0 SUSAN COMMANDA 40.00 X 238272 0 31312 LORRAINE MAROLA 40.00 X 116651 0 0 CATHERINE STRAIGHT 40.00 X 109717 0 5109 SHELLEY TRACY 40.00 X 118255 0 550 DOUGLAS COLLIGNON 40.00 X 108941 0 0 691836 0 36971 5 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 60675 DATA PROCESSING 842529 3T ARCHITECTS 418 BROADWAY ALBANY NY 12207 ARCHITECTURE SERVICES 254177 TECH II 4289 ROUTE 50 SARATOGA SPRINGS NY 12866 COMPUTER SYSTEM MAINTENANCE 182008 FH ALEXANDER 313 USHERS ROAD BALLSTON LAKE NY 12019 CONSTRUCTION 164601 TIME WARNER PO BOX 11827 NEWARK NJ 07101 INTERNET SERVICE PROVIDER 126639 5 LOAN INTEREST RECEIVED 522100 7175084 7175084 7175084 979788 979788 118800 153136 -34336 -34336 -34336 FEE INCOME 522100 2471268 2471268 OTHER OPERATING INCOME 522100 975457 975457 GAIN ON INSURANCE SETT 522100 368764 368764 42684 42684 3858173 11978709 10956237 42684 979788 269548 2814643 183474 264011 246665 26458 101287 203223 477794 109925 1217625 159264 OFFICE OPERATIONS 1557722 PROVISION FOR LEASE/LOA 1082406 PROFESSIONAL & OUTSIDE 720166 LOAN SERVICING 408309 572784 10415304 2754877 2523590 9659163 14449489 102992869 116122275 9015156 2320027 6241470 6695129 31179637 18469912 2983959 3343575 155811975 161603970 1723765 1389855 134648228 138753339 136371993 140143194 X 15406900 17427694 4033082 4033082 19439982 21460776 155811975 161603970 X 1563405 457389 X 0 1 1 X 0 1322380 1322380 4695137 894832 3800305 13373 13373 0 2246072 1411822 834250 738194 738194 6695129 AVAILABLE FOR SALE SECURITIES 18469912 F 18469912 MEMBER SHARES & DEPOSITS 138753339 138753339 11978709 10415304 1563405 457389 457389 2020794 11978709 0 11978709 0 11978709 10415304 0 10415304 0 10415304 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CREDIT UNION FOLLOWS FASB ASC TOPIC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THERE WAS NO IMPACT TO THE ACCOMPANYING FINANCIAL STATEMENTS ATTRIBUTABLE TO THIS FASB ASC FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACCUMULATED UNREALIZED GAINS ON AVAILABLE FOR SALE SECURITIES 465,541. ACCUMULATED UNREALIZED LOSSES ON RETIREMENT ASSETS -8,152. TOTAL TO SCHEDULE D, PART XI, LINE 8: 457,389. X X 0 1 0 SUSAN COMMANDA 204785 0 33307 0 180 0 14996 0 16316 0 269584 0 0 0 PART I, LINE 4B SUSAN COMMANDA - $14,996 SUSAN E COMMANDA X 63500 60935 0 1 1 SUSAN E COMMANDA X 42265 17794 0 1 1 MARGARET FOOTE X 35000 55334 0 1 1 GARY GRADY X 32000 31234 0 1 1 165297 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE THOSE WHO USE THE SERVICES OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS MAY BRING ITEMS TO THE BOARD TO EVALUATE IF ISSUE SHOULD THEN BE BROUGHT TO A VOTE. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE 990 IS REVIEWED BY THE CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12 THE OFFICERS, DIRECTORS AND KEY EMPLOYEES REVIEW THE CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY AND WILL BRING ITEMS TO THE BOARD IF CIRCUMSTANCES WARRANT IT. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY REVIEW PROCESS FOR KEY/HIGHLY COMPENSATED EMPLOYEES IS THROUGH I-PERFORMEASE PROGRAM BY KOKER GOODWIN & ASSOCIATES FORM 990, PART VI, SECTION C, LINE 18 HRCCU WILL MAKE ITS 990 AVAILABLE UPON REQUEST. ITS FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 HRCCU WILL MAKE THESE DOCUMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ACCUMULATED UNREALIZED GAINS ON AVAILABLE FOR SALE SECURITIES 465,541. ACCUMULATED UNREALIZED LOSSES ON RETIREMENT ASSETS -8,152. TOTAL TO FORM 990, PART XI, LINE 5: 457,389.