2011-10-31T13:46:44-05:00 2010-12-31 PADDEN GUERRINI & ASSOCIATESPC 3425 SIMPSON FERRY ROAD CAMP HILL PA 17011 990 2010-01-01 231445884 BELCO COMMUNITY CREDIT UNION BELC 8006424482 449 EISENHOWER BLVD HARRISBURG PA 17111 PAUL R PERINI III 8006424482 2011-10-31 true FREDERICK A TABOR CPA 7177631644 2011-10-31 2010 2016-03-07 17:11:31Z LONNY J MAURER 449 EISENHOWER BLVD HARRISBURG PA 17111 23430863 false X WWW.BELCO.ORG X 1939 PA BUILD TRUST, CREATE AND GROW RELATIONSHIPS AND PROVIDE GOLD STAR SERVICE. 9 9 284 14 313151 0 20759769 20708645 1843980 1461748 2700546 1260470 25304295 23430863 0 0 7714392 7008249 0 0 16759217 14822782 24473609 21831031 830686 1599832 315314995 335352544 288191289 305946592 27123706 29405952 BUILD TRUST, CREATE AND GROW RELATIONSHIPS AND PROVIDE GOLD STAR SERVICE. false false PROVIDE LOANS TO 49,997 MEMBERS PROVIDE FINANCIAL SERVICES TO 49,997 MEMBERS. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 16166 0 true 284 true true true false false false false false X 9 9 false false false false true true true true true false false true true false false true true true true true false X PAUL R PERINI III 7177206200 449 EISENHOWER BLVD HARRISBURG PA 17111 RICHARD LYTLE 5.00 X 0 0 0 WILLIAM O'DONNELL 5.00 X 0 0 0 STEPHANIE MILLER 5.00 X 0 0 0 DONALD PERSON 5.00 X 0 0 0 LAVERN SHEARER 5.00 X 0 0 0 SAMUEL HUMMERT 5.00 X 0 0 0 TERRY HESSLER 5.00 X 0 0 0 SUZANNE HOFFER 5.00 X 0 0 0 CRAIG ERDMAN 5.00 X 0 0 0 LONNY MAURER 60.00 X 226183 0 502554 PAUL PERINI III 45.00 X 77700 0 26042 CHARLES DELMARCELLE 50.00 X 146019 0 231658 449902 760254 2 false true false OVERTON & ASSOCIATES 909 BALTIMORE BLVD WESTMINSTER MD 21157 DESIGN/BUILD 429825 AFTECHFISERV 455 SOUTH GULPH ROAD SUITE 201 KING OF PRUSSIA PA 19406 DATA PROCESSING 319463 DIEBOLD INCORPORATED 5995 MAYFAIR ROAD PO BOX 3077 NORTH CANTON OH 44720 ATM/SECURITY 270330 CONCEPTONE INC 9 SHETLAND DRIVE SHREWSBURY PA 17361 MARKETING/AD 252007 PENNLANTIC 435 MARKET STREET LEMOYNE PA 17043 IT/BUS. SYSTEMS 237101 8 INTEREST INCOME 522100 15572672 15572672 FEE INCOME 522100 5059340 5059340 NON-MEMBER ATM INCOME 522100 76633 76633 20708645 1461748 1461748 1023952 1023952 1023952 1023952 MEMBERS FINANCIAL INCOME 522100 176645 176645 MEMBER CONNECT 522100 59873 59873 236518 23430863 20632012 313151 2485700 832479 4988370 -324089 1037623 473866 16084 97870 1136281 1043268 289682 953991 74047 164477 3189647 1525946 268064 PROVISION FOR LOAN LOSSES 2376210 PLASTIC CARD EXPENSE 1039583 NCUSIF INSURANCE 740871 LENDING EXPENSES 691752 PLASTIC CARD LOSS (FRAUD) 103035 1111974 21831031 0 0 0 5222573 4745070 7579496 17626284 871818 904837 217599656 231007580 1493634 1230840 35823493 10365294 25087453 25458199 28672457 31748416 13861706 12965443 14926202 9665875 315314995 335352544 1583023 1570789 6000000 280608266 304375803 288191289 305946592 X 27123706 29405952 27123706 29405952 315314995 335352544 1599832 682414 X false true true X false false false false false false false false false false false 5082906 5082906 21262920 2749190 18513730 313702 227374 86328 8988417 7388730 1599687 175548 175548 25458199 MEMBER SHARES AND SAVINGS ACCOUNTS 220601459 MEMBER CERTIFICATES OF DEPOSIT 81692173 ACCRUED DEFERRED COMPENSATION PLANS 2082171 304375803 23430863 21831031 1599832 395133 287281 682414 2282246 24113277 395133 287281 682414 23430863 23430863 21831031 21831031 21831031 RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 NET CHANGE IN UNREALIZED GAIN/LOSS ON PENSION LIABILITY 287,281 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D NET CHANGE IN UNREALIZED GAIN/LOSS ON PENSION LIABILITY 287,281 X X X false true false LONNY MAURER 226183 487804 14750 728737 CHARLES DELMARCELLE 146019 216422 15236 377677 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 LONNY MAURER 0 212,746 0 CHARLES DELMARCELLE 0 120,660 0 CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS OWNED BY ITS 49,997 MEMBERS ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF MEMBERS TO THE CREDIT UNION'S BOARD OF DIRECTORS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B THE CREDIT UNION'S MEMBERS MUST APPROVE: -THE MERGER OF THE CREDIT UNION. -THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION. -CHANGES TO THE CREDIT UNION'S CHARTER, ARTICLES AND BYLAWS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE CREDIT UNION'S BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE IS PROVIDED WITH A COPY OF THE FORM 990 AT A MONTHLY BOARD MEETING PRIOR TO THE FILING OF THE RETURN. THE MEETING IS ATTENDED BY THE CREDIT UNION'S SENIOR MANAGEMENT AND THE CREDIT UNION'S AUDITORS. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SETTING CRITERIA FOR EVALUATING THE PERFORMANCE OF CEO AND COO. THE BOARD OF DIRECTORS USES 6 CRITERIA MEASURES: 1) SAFETY AND SOUNDNESS OF CU, 2) THOROUGH EVALUATION OF FULFILLMENT OF STRATEGIC PLAN, 3) CURRENT CREDIT UNION FINANCIAL REPORTS, 4) ADHERENCE TO APPROVED BUDGET, 5) BOARD/EXECUTIVE TEAM RELATIONSHIP AND 6) CURRENT C.A.M.E.L. SALARY BASES FOR THE CEO AND COO ARE BASED ON THE FOLLOWING SOURCES: THE CU USES AN INDEPENDENT NATIONAL PEER COMPARISON STUDY BY THE CREDIT UNION NATIONAL ASSOCIATION. THE COMPLETE SALARY SURVEY IS CALLED "CREDIT UNION STAFF SALARY SURVEY". A SECOND SURVEY IS ALSO USED FROM THE SAME SOURCE. HOWEVER, THIS SURVEY IS CUSTOMIZED TO THE GEOGRAPHIC AREA OF THE U.S. WHERE THE CU IS LOCATED. CRITERIA USED TO COMPLETE THE SURVEY IS AS FOLLOWS: SPECIFIC JOB TITLES AND POSITION DESCRIPTIONS, CREDIT UNION ASSET SIZE, NUMBER OF EMPLOYEES, FULL-TIME/PART-TIME EMPLOYEES, NUMBER OF SERVICES, NUMBER OF MEMBERS AND NUMBER OF BRANCHES. COMPARISON DATA INCLUDES AVERAGE WAGE FOR POSITION, 25 PERCENTILE WAGES, MEDIAN WAGES, AND 75 PERCENTILE WAGES. CU USES 75 PERCENTILE WAGES. THE DATA ALSO INCLUDES TRENDING OF BONUSES AND INCENTIVES PER POSITION. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SALARY BASES FOR ALL EMPLOYEES EXCEPT FOR THE CEO AND COO ARE BASED ON THE FOLLOWING SOURCES: THE CU USES AN INDEPENDENT NATIONAL PEER COMPARISON STUDY BY THE CREDIT UNION NATIONAL ASSOCIATION. THE COMPLETE SALARY SURVEY IS CALLED "CREDIT UNION STAFF SALARY SURVEY". A SECOND SURVEY IS ALSO USED FROM THE SAME SOURCE. HOWEVER, THIS SURVEY IS CUSTOMIZED TO THE GEOGRAPHIC AREA OF THE U.S. WHERE THE CU IS LOCATED. CRITERIA USED TO COMPLETE THE SURVEY IS AS FOLLOWS: SPECIFIC JOB TITLES AND POSITION DESCRIPTIONS, CREDIT UNION ASSET SIZE, NUMBER OF EMPLOYEES, FULL-TIME/PART-TIME EMPLOYEES, NUMBER OF SERVICES, NUMBER OF MEMBERS AND NUMBER OF BRANCHES. COMPARISON DATA INCLUDES AVERAGE WAGE FOR POSITION, 25 PERCENTILE WAGES, MEDIAN WAGES, AND 75 PERCENTILE WAGES. CU USES 75 PERCENTILE WAGES. THE DATA ALSO INCLUDES TRENDING OF BONUSES AND INCENTIVES PER POSITION. THE ABOVE INFORMATION IS USED TO EVALUATE EACH POSITION WITHIN THE CREDIT UNION. THE AVP OF HR/TD MAKES RECOMMENDATIONS FOR ANY CHANGE IN SALARY IDENTIFIED THROUGH THE REVIEW. CEO AND COO GIVE FINAL APPROVAL FOR ANY CHANGES NEEDED. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF ALL BRANCHES ON A MONTHLY BASIS. QUARTERLY FINANCIAL STATMENTS (CALL REPORTS) ARE AVAILABLE ON WWW.NCUA.GOV.