2023-11-14T16:03:26-06:00 2022-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2022-01-01 020272024 HOLY ROSARY CREDIT UNION HOLY 6033326840 133 BROCK STREET ROCHESTER NH 03867 BRIAN THERRIEN CFO 6033326840 2023-11-13 1 BRIAN THERRIEN 999009999 0 STEPHEN A ROLLINS CPA P01438963 6176968900 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN THERRIEN 133 BROCK STREET ROCHESTER NH 03867 16865040 0 X HRCU.ORG X 1962 NH TO BE A RESPONSIBLE, COMMUNITY-FOCUSED CREDIT UNION 10 10 115 20 75731 0 0 0 14220984 15030763 1213401 1834277 0 0 15434385 16865040 9000 10750 0 0 6164168 6722711 0 0 0 7254800 7616793 13427968 14350254 2006417 2514786 399129935 413178224 368980229 385360835 30149706 27817389 TO BE A RESPONSIBLE, COMMUNITY-FOCUSED ORGANIZATION MEMBERS CAN TRUST TO HELP THEM ACHIEVE THEIR FINANCIAL GOALS BY DEMONSTRATING COMPASSION, EMBRACING INNOVATION, REMAINING FLEXIBLE AND DELIVERING EXCEPTIONAL SERVICE 0 0 MAINTENANCE OF MEMBERS' SHARE, DEPOSIT, AND LOAN ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 9022 0 1 115 1 1 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X BRIAN THERRIEN 6033326840 133 BROCK STREET ROCHESTER NH 03867 DANA FLANDERS CHAIRMAN 2.00 X X 0 0 0 RONALD VACHON VICE CHAIRMAN 2.00 X X 0 0 0 SUZANNE WILKINS DIRECTOR 2.00 X 0 0 0 KATHLEEN SIMONEAU SECRETARY 2.00 X X 0 0 0 RICHARD BRUNELLE DIRECTOR 2.00 X 0 0 0 JEAN GROVER DIRECTOR 2.00 X 0 0 0 RICHARD FALARDEAU DIRECTOR 2.00 X 0 0 0 LEONARD PINAULT DIRECTOR 2.00 X 0 0 0 ANNE BROWN TREASURER 2.00 X X 0 0 0 KATHY GORDON DIRECTOR 2.00 X 0 0 0 BRIAN HUGHES PRESIDENT/CEO 45.00 X 319441 0 26599 ROSEMARY SHIELDS EVP/COO 45.00 X 211106 0 22710 BRIAN THERRIEN CHIEF FINANCIAL OFFICER 45.00 X 170241 0 11269 KEN MAUSER CHIEF INFORMATION OFFICER 45.00 X 156611 0 19670 GINGER GAGNE VP OF LENDING 45.00 X 127548 0 24873 TRAVIS BISSONNETTE SVP OF LENDING 45.00 X 116598 0 33297 1101545 0 138418 6 0 1 0 PANNOS WINZELER MARKETING 57 MARKET STREET MANCHESTER NH 03101 WEBSITE DESIGN AND MARKETING AGENCY 106158 1 LOAN INTEREST 522291 10018810 10018810 ACCOUNT FEES 900099 4541892 4541892 MISCELLANEOUS INCOME 900099 394330 394330 UBIT - NON MEMBER ATM FEES 900099 51345 51345 UBIT - INSURANCE 900099 24386 24386 15030763 1818593 1818593 15684 0 15684 15684 15684 16865040 14970716 75731 1818593 10750 1287357 4234687 106308 676041 418318 116680 111185 455046 90514 988578 292429 65110 1027235 873430 138915 DEBIT CARD EXPENSE 988623 LOAN SERVICING 816765 OUTSIDE SERVICES 576125 COMMUNICATIONS 310013 766145 14350254 4771447 6624371 147881931 128229288 12684 35600 6539763 6589328 225278217 256057596 466137 797161 16097904 10045620 6559548 6052284 6682278 7174827 937930 1617769 399129935 413178224 1192607 1529076 367787622 383831759 368980229 385360835 X 0 0 0 0 30149706 27817389 30149706 27817389 399129935 413178224 2514786 -4847103 0 X X 0 1 X 1 0 0 1319032 1319032 6460415 2955546 3504869 1311431 718870 592561 7007026 6371204 635822 6052284 SHARES 118343512 BUSINESS SHARES 3377944 SHARE DRAFTS 67949545 STUDENT SHARE DRAFTS 151756 BUSINESS SHARE DRAFTS 11979528 HSA SHARE DRAFTS 2033397 CLUBS 11420671 ESCROW CLUBS 1014877 IRA SHARES 8520840 MONEY MARKETS 79085550 BUSINESS MONEY MARKETS 2956524 CERTIFICATES 65218773 IRA CERTIFICATES 11778842 383831759 16865040 0 16865040 0 16865040 14350254 0 14350254 0 14350254 0 STUDENT SCHOLARSHIP 11 10750 X 0 0 X X X X 0 1 0 BRIAN HUGHES PRESIDENT/CEO 294441 0 25000 0 0 0 16460 0 10139 0 346040 0 0 0 ROSEMARY SHIELDS EVP/COO 188386 0 22720 0 0 0 12774 0 9936 0 233816 0 0 0 BRIAN THERRIEN CHIEF FINANCIAL OFFICER 153478 0 16763 0 0 0 10228 0 1041 0 181510 0 0 0 KEN MAUSER CHIEF INFORMATION OFFICER 143811 0 12800 0 0 0 8589 0 11081 0 176281 0 0 0 GINGER GAGNE VP OF LENDING 119823 0 7725 0 0 0 7734 0 17139 0 152421 0 0 0 PART I, LINE 1A OFFICERS BRIAN HUGHES, BRIAN THERRIEN, AND ROSEMARY SHIELDS WERE PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE. AS REQUIRED, CERTAIN AMOUNTS ARE INCLUDED AS TAXABLE INCOME TO THE OFFICERS. THE CREDIT UNION PROVIDES ADDITIONAL COMPENSATION TO REIMBURSE THE OFFICERS FOR THE ADDITIONAL TAX LIABILITY. THIS TAX "GROSS-UP" PAYMENT IS TREATED AS TAXABLE INCOME TO THE OFFICERS. PART I, LINE 4B OFFICERS BRIAN HUGHES, BRIAN THERRIEN, AND ROSEMARY SHIELDS WERE PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE. OFFICERS KEN MAUSER AND TYLER HUDSON ENTERED INTO A 457(F) DEFERRED COMPENSATION AGREEMENT BRIAN HUGHES OFFICER SERP X 3317133 3851895 0 1 1 BRIAN THERRIEN OFFICER SERP X 1129028 1208228 0 1 1 ROSEMARY SHIELDS OFFICER SERP X 1303973 1529205 0 1 1 6589328 FORM 990, PART VI, SECTION A, LINE 6 PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE INCORPORATING DOCUMENTS I.E. BYLAWS, ARE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 ON BEHALF OF THE AUDIT COMMITTEE AND THEN THE FULL BOARD IS PROVIDED WITH A COPY SUBSEQUENT TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO DISCLOSE INFORMATION DIRECTLY TO HUMAN RESOURCES THAT COULD BE QUESTIONABLE. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND APPROVED ANNUALLY AT WHICH TIME EMPLOYEES ARE REQUIRED TO READ AND ACKNOWLEDGE THEIR UNDERSTANDING. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION GATHERS SALARY SURVEY DATA FROM A THIRD PARTY VENDOR TO ESTABLISH MARKET BASED SALARY RANGES FOR EACH POSITION. THE PRESIDENT & CEO SALARY IS REVIEWED BY THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. STAFF SALARY INCREASES ARE BASED ON PERFORMANCE APPRAISALS, GOALS AND CREDIT UNION PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE AT ALL BRANCHES AND TO MEMBERS WHO ATTEND THE ANNUAL MEETING. OTHER INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C AUDITED FINANCIALS ARE PREPARED BY AN OUTSIDE FIRM AS OF JUNE 30TH AND THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 1962 REAL ESTATE LLC 40 WAKEFIELD STREET ROCHESTER NH 038661500 472860106 ACQUIRE, MANAGE AND OWN REAL ESTATE NH 536402 HOLY ROSARY CREDIT UNION