2011-06-07T13:50:57-05:00 2010-12-31 DIANE Y SMITH CPA PC 11832 ROCK LANDING DR STE 301 NEWPORT NEWS VA 236064278 990 2010-01-01 540623257 HAMPTON ROADS EDUCATORS CREDIT UNION HAMP 7578380707 2130 CUNNINGHAM DRIVE HAMPTON VA 23666 KAREN ORIE 7578380707 2011-05-20 true DIANE Y SMITH CPA 7572239602 2011-05-31 2010 2016-02-24 21:20:13Z WILLIAM TRIMBLE 2130 CUNNINGHAM DRIVE HAMPTON VA 23666 1929287 false X WWW.HRECU.ORG X 1954 VA CREDIT UNIONS ARE EXEMPT BY FEDERAL LAW. CREDIT UNIONS ARE ORGANIZED TO PROVIDE FINANCIAL SERVICES TO MEMBERS. 10 9 15 24 0 0 1772254 1833067 62005 96220 0 1834259 1929287 7000 8300 0 561370 582064 0 0 1525297 1484627 2093667 2074991 -259408 -145704 27739638 28381524 25152721 26528231 2586917 1853293 CREDIT UNIONS ARE EXEMPT BY FEDERAL LAW. CREDIT UNIONS ARE ORGANIZED TO PROVIDE FINANCIAL SERVICES TO MEMBERS. false false TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 15 true false false false false false false X 10 9 false false false false false true true true true false false false false true true true true false X KAREN ORIE 7578380707 2130 CUNNINGHAM DRIVE HAMPTON VA 23666 KAREN F ORIE 40.00 X X 70305 0 0 WILLIAM F TRIMBLE JR 5.00 X X 0 0 0 NAOMI J CHADWICK 5.00 X X 0 0 0 DONALD O SANDRIDGE 5.00 X X 0 0 0 JAMES WARREN 5.00 X X 0 0 0 CORNELIOUS CHAMBILSS 1.00 X 0 0 0 KELVIN EVANS 5.00 X X 0 0 0 GLORIA WINDER-GILLIAM 1.00 X 0 0 0 GLORIA PRESSLEY 1.00 X 0 0 0 TASHA WILLIAMS-BROWN 1.00 X 0 0 0 70305 false false false FISERV 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 60675 DATA PROCESSING 259998 1 INTEREST ON MEMBER LOANS 1381537 1381537 SERVICE FEES 451530 451530 1833067 96220 96220 1929287 1929287 3300 5000 70305 432803 41202 37754 7225 22546 262930 40530 141127 40537 3358 20738 185830 55578 31969 SHARE & BANK COSTS 214769 PROVISION FOR LOAN LOSS 137293 LOAN SERVICING COSTS 136784 NCUSIF STABILIZATION EXP 133292 DUES & SUBSCRIPTIONS 45052 5069 2074991 0 0 0 908153 1306867 8890430 9450911 65543 1012093 16502439 15668788 29540 29852 911317 672720 287500 238597 110000 110000 946033 564416 27739638 28381524 106891 344446 25045830 26183785 25152721 26528231 X 2586917 1853293 2586917 1853293 27739638 28381524 -145704 -587920 X false false false false false false false false false false false false false 263101 193428 69673 69673 MEMBERS' DEPOSITS 26183785 26183785 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV OTHER DECREASES IN NET ASSETS: PRIOR PERIOD ADJUSTMENT 230,809 UNREALIZED CHANGE IN NET PENSION ASSET 357,111 THE CALENDAR YEAR FINANCIAL STATEMENTS THAT SUPPORT THIS FORM 990 WERE NOT COMPILED, REVIEWED, OR AUDITED BY AN INDEPENDENT ACCOUNTANT. HOWEVER, FISCAL YEAR STATEMENTS ENDING SEPTEMBER 20, 2010 WERE AUDITED BY AN INDEPENDENT AUDITOR. ADDITIONAL INFORMATION FORM 990, PART VI SECTION B, LINE 12A - THE ORGANIZATION DOES NOT HAVE A SEPERATE WRITTEN CONFLICT OF INTEREST POLICY. HOWEVER, THE EMPLOYEES AND REPRESENTATIVES STANDARDS OF CONDUCT DOES REQUIRE THE AVOIDANCE OF PARTICIPATION IN ANY DECISIONS IN WHICH THE EMPLOYEE/REPRESENTATIVE STANDS TO RECEIVE PERSONAL MONETARY GAIN. ALSO, EMPLOYEE/REPRESENTATIVES ARE REQUIRED TO AVOID USING THEIR POSITION FOR THE EXPRESS PURPOSE OF BENEFITTING THEMSELVES OR ANOTHER AT THE EXPENSE OF THE ORGANIZATION. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ANNUALLY ELECT THE BOARD OF DIRECTORS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B BY-LAW CHANGES MUST BE APPROVED BY THE MEMBERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIWED BY THE MANAGER BEFORE FILING. THE GOVERNING BOARD GETS A COPY FOR REVIEW AT THE FOLLOWING BOARD MEETING. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE IN DETERMINING THE SALARY TO BE PRESENTED TO THE BOARD. THE INFORMATION FROM CUNA INCLUDES COMPARABILITY DATA. CEO COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE TO DETERMINE SALARY RECOMMENDATIONS. OTHER OFFICERS AND KEY EMPLOYEES COMPENSATION ARE APPROVED BY THE CEO. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.