2022-11-14T16:05:45-06:00 2021-12-31 042513210 GERALD T REILLY & COMPANY 424 ADAMS STREET MILTON MA 02186 990 2021-01-01 020272024 HOLY ROSARY CREDIT UNION HOLY 6033326840 133 BROCK STREET ROCHESTER NH 03867 BRIAN THERRIEN CFO 6033326840 2022-11-14 1 BRIAN THERRIEN 999009999 STEPHEN A ROLLINS CPA P01438963 6176968900 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BRIAN THERRIEN 133 BROCK STREET ROCHESTER NH 03867 15434385 0 X HRCU.ORG X 1962 NH TO BE A RESPONSIBLE, COMMUNITY-FOCUSED CREDIT UNION 10 10 115 20 75173 0 0 0 14020287 14220984 1289688 1213401 0 0 15309975 15434385 7250 9000 0 0 5557451 6164168 0 0 0 8270555 7254800 13835256 13427968 1474719 2006417 358419080 399129935 329566053 368980229 28853027 30149706 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 8157 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 PAUL AUGER TREASURER 2.00 X 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 DIRECTOR 2.00 X 0 0 0 DAWN RICHARDSON DIRECTOR 2.00 X 0 0 0 BRIAN HUGHES PRESIDENT/CEO 45.00 X 296532 0 25699 ROSEMARY SHIELDS EVP/COO 45.00 X 206556 0 20944 BRIAN THERRIEN CHIEF FINANCIAL OFFICER 45.00 X 162724 0 9935 KEN MAUSER CHIEF INFORMATION OFFICER 45.00 X 136471 0 33289 TYLER HUDSON VP OF DIGITAL STRATEGY & E 45.00 X 138097 0 50041 GINGER GAGNE VP OF LENDING 45.00 X 127479 0 18126 1067859 0 158034 6 0 1 0 0 LOAN INTEREST 522291 9436087 9436087 ACCOUNT FEES 900099 4293337 4293337 MISCELLANEOUS INCOME 900099 416387 416387 UBIT - NON MEMBER ATM FEES 900099 47970 47970 UBIT - INSURANCE 900099 27203 27203 14220984 1209543 1209543 3858 0 3858 3858 3858 15434385 14149669 75173 1209543 9000 1309515 3741667 98212 650984 363790 72033 98900 237581 75253 883977 433925 33880 1197328 680049 135517 DEBIT CARD EXPENSE 1019805 LOAN SERVICING 827134 OUTSIDE SERVICES 455745 COMMUNICATIONS 272938 830735 13427968 5055371 4771447 110459673 147881931 139011 12684 6148540 6539763 218595582 225278217 522187 466137 15874428 9314880 6859151 6559548 9714395 6682278 925170 937930 358419080 399129935 1002934 1192607 328563119 367787622 329566053 368980229 X 0 0 0 0 28853027 30149706 28853027 30149706 358419080 399129935 2006417 -709738 0 X X 0 1 X 1 0 0 1258668 1258668 6407311 2741519 3665792 1303690 585364 718326 6904759 5987997 916762 6559548 SHARES 113720336 BUSINESS SHARES 4188617 SHARE DRAFTS 66003727 STUDENT SHARE DRAFTS 141887 BUSINESS SHARE DRAFTS 14664301 HSA SHARE DRAFTS 2076588 CLUBS 12540779 ESCROW CLUBS 995980 IRA SHARES 8946644 MONEY MARKETS 69247830 BUSINESS MONEY MARKETS 2864436 CERTIFICATES 60529435 IRA CERTIFICATES 11867062 367787622 15434385 0 15434385 0 15434385 13427968 0 13427968 0 13427968 0 STUDENT SCHOLARSHIP 10 9000 X 0 0 X X X X 0 1 0 BRIAN HUGHES PRESIDENT/CEO 271532 0 25000 0 0 0 15560 0 10139 0 322231 0 0 0 ROSEMARY SHIELDS EVP/COO 184217 0 22339 0 0 0 10889 0 10055 0 227500 0 0 0 TYLER HUDSON VP OF DIGITAL STRATEGY & E 128647 0 9450 0 0 0 23614 0 26427 0 188138 0 0 0 BRIAN THERRIEN CHIEF FINANCIAL OFFICER 148019 0 14705 0 0 0 8819 0 1116 0 172659 0 0 0 KEN MAUSER CHIEF INFORMATION OFFICER 127283 0 9188 0 0 0 22227 0 11062 0 169760 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 3826560 0 1 1 BRIAN THERRIEN OFFICER SERP X 1129028 1199245 0 1 1 ROSEMARY SHIELDS OFFICER SERP X 1303973 1513958 0 1 1 6539763 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