2018-11-15T09:05:58-06:00 2017-12-31 161148763 FIRLEY MORAN FREER & EASSA CPA PC 125 EAST JEFFERSON STREET SUITE 920 SYRACUSE NY 13202 990 2017-01-01 141407718 HUDSON RIVER COMMUNITY CREDIT UNION HUDS 5186549028 ONE THIRD STREET CORINTH NY 12822 SUSAN COMMANDA CEO 5186549028 2018-11-09 1 TAMMY L REYES P00365032 3154727045 209.217.216.242 2018-11-09 14:02:52 ES P 15439EB3FB291860314EE1E31045D182E5A6FD62 15439EB3FB291860314EE1E31045D182E5A6FD62 2017 2018-06-14 16:35:46Z STUART FIELD ONE THIRD STREET CORINTH NY 12822 15775156 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 BY PROVIDING QUALITY FINANCIAL SERVICES WITH THE BEST OVERALL VALUE. 7 7 90 12 100819 -8315 0 0 9249684 10269262 271417 159079 4426048 4767095 13947149 15195436 6000 3000 0 0 5347594 5843013 0 0 0 6826335 7381716 12179929 13227729 1767220 1967707 221300580 250848902 193418060 221020715 27882520 29828187 THE PURPOSE OF HUDSON RIVER COMMUNITY CREDIT UNION IS TO PROVIDE QUALITY SERVICES AND PROMOTE THE FINANCIAL WELL-BEING OF ITS MEMBERS AND THEIR FAMILIES. 0 0 THE CREDIT UNION PROVIDES LOW-COST FINANCIAL PRODUCTS AND SERVICES INCLUDING ONLINE-BANKING, ACCESS TO ATM'S 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 ACCOMPLISH IT'S MISSION. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 90 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 NY X KACIE KENYON CPA 5186549028 ONE THIRD STREET CORINTH NY 12822 CAROL ANN PACCO-LONG TREASURER 2.00 X X 0 0 0 CHARLES PASQUARELL VICE PRESIDENT 2.00 X X 0 0 0 MARGARET RABIDA DIRECTOR 2.00 X 0 0 0 STUART FIELD PRESIDENT 2.00 X X 0 0 0 HAROLD JONES DIRECTOR 2.00 X 0 0 0 THOMAS UNCHER SECRETARY 2.00 X X 0 0 0 DINO ROSATI DIRECTOR 2.00 X 0 0 0 SUSAN COMMANDA CEO 40.00 X 279041 0 70616 LORRAINE MAROLA EVP 40.00 X 185848 0 37181 DOUG COLLIGNON CIO 40.00 X 125040 0 14918 PAULA SHEELY CRO 40.00 X 108984 0 29157 698913 0 151872 4 0 1 0 FISERV INC 75 REMITTANCE DRIVE SUITE 697 CHICAGO IL 60675 DATA PROCESSING 1666161 1 LOAN INTEREST RECEIVED 522100 10269262 10269262 10269262 160179 160179 302620 276000 302620 277100 0 -1100 -1100 -1100 FEE INCOME 522100 2729748 2729748 OTHER OPERATING INCOME 522100 1992969 1936528 56441 NON-MEMBER ATM FEES 522100 44378 44378 4767095 15195436 14935538 100819 159079 3000 464889 4220603 302181 447555 407785 7400 54635 197669 385495 444854 479219 30460 85963 1531907 530377 65426 STATE TAXES 250 OFFICE OPERATIONS 1802627 PROVISION FOR LEASE/LOA 987349 LOAN SERVICING 614380 163705 13227729 2574572 2405969 19072477 14718666 185043660 216863349 14806366 4514421 10325460 10291945 328263 1754288 3956148 4814685 221300580 250848902 3479227 4169810 969580 1126352 188969253 215724553 193418060 221020715 X 23800523 25746190 4081997 4081997 27882520 29828187 221300580 250848902 X 1967707 -22040 X X 0 1 X 1 0 0 1 X 1358800 1358800 9551004 1805111 7745893 191364 12062 179302 3688803 2697248 991555 16395 16395 10291945 MEMBER SHARES & DEPOSITS LESS ESCROW 215724553 215724553 X 15196536 0 15196536 -1100 -1100 15195436 13228829 0 13228829 -1100 -1100 13227729 PART IV, LINE 2B: HRCCU SERVICES MORTGAGE ESCROW ACCOUNTS FOR MEMBERS AND HAS THE AUTHORITY TO MAKE PAYMENTS FOR PROPERTY TAXES, HOMEOWNERS INSURANCE AND OTHER EXPENSES FROM THOSE ACCOUNTS. PART X, LINE 2: 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, 2017 AND 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET GAIN/(LOSS) ON SALE OF OTHER ASSETS PART XII, LINE 4B - OTHER ADJUSTMENTS: NET GAIN/(LOSS) ON SALE OF OTHER ASSETS X X X X 0 1 0 SUSAN COMMANDA CEO 244590 0 30323 0 4128 0 40911 0 29705 0 349657 0 0 0 LORRAINE MAROLA EVP 165414 0 20158 0 276 0 17093 0 20088 0 223029 0 0 0 PART I, LINE 4B SUSAN COMMANDA - $18,000 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 ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING WHEN VACANCIES OCCUR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING WHEN VACANCIES OCCUR AND MAY APPROVE OTHER BUSINESS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE. PROXY VOTES ARE PROHIBITED AND ALL PRESENT MEMBERS HAVE ONE VOTE. MEMBERS MAY CALL A SPECIAL MEETING WITH WRITTEN REQUEST OF 10% OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE 990 IS REVIEWED BY THE CONTROLLER AND EXECUTIVE VICE PRESIDENT (EVP). FORM 990, PART VI, SECTION B, LINE 12C 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 HRN MANAGEMENT SALARY RANGES ARE USED WHICH ARE BASED ON A VARIETY OF SURVEY DATA AND ARE UPDATED ANNUALLY. THE BOARD REVIEWS SALARY DATA ANNUALLY AS PART OF THE BUDGET PROCESS. THEY JUST COMPLETED A MARKET SALARY REVIEW LAST YEAR OF ALL STAFF. THE BOARD SETS THE CEO'S SALARY AS A SEPARATE ITEM OUTSIDE OF THE SOFTWARE. THEY ALSO SET THE SALARY MATRIX USED IN THE ANNUAL INCREMENT FOR ALL STAFF IN THE BUDGET PROCESS AS WELL. THE SALARY POLICY DICTATES THE SOFTWARE WE USE. FORM 990, PART VI, SECTION C, LINE 18 HRCCU WILL MAKE ITS 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 HRCCU WILL MAKE THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ACCUMULATED UNREALIZED GAIN/(LOSS) ON AVAILABLE FOR SALE SECURITIES -22,040. FORM 990, PART XII, LINE 2C: NO CHANGES TO PROCESS