HOLY ROSARY CREDIT UNION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: HOLY ROSARY CREDIT UNION (EIN 02-0272024)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-09-18
IRS object ID: 201732619349300113
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-09-18T09:59:08-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	042513210	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	G T REILLY & COMPANY INC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	424 ADAMS STREET	AddressLine1Txt
City	MILTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02186	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	020272024	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HOLY ROSARY CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	HOLY	BusinessNameControlTxt
Phone	6033326840	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	133 BROCK STREET	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03867	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRIAN THERRIEN	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	6033326840	PhoneNum
Signature	2017-09-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GIUSEPPE FEMIA CPA	PreparerPersonNm
PTIN	P01438848	PTIN
Phone	6176968900	PhoneNum
Preparation	2017-09-12	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	173.14.170.162	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-09-12	IPDt
IP Tm	13:54:29	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	626F99FDE7D1E88DD9505553D501834A6099106E	AtSubmissionCreationDeviceId
At Submission Filing Device Id	D3726E4878C538ED2BE094E675B7D33B507E16D2	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BRIAN THERRIEN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	133 BROCK STREET	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03867	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$12,187,293	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	HRCU.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1962	FormationYr
Legal Domicile State	NH	LegalDomicileStateCd
Activity Or Mission	TO BE A RESPONSIBLE, COMMUNITY-FOCUSED CREDIT UNION	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	104	TotalEmployeeCnt
Total Volunteers	18	TotalVolunteersCnt
Total Gross UBI	$67,729	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$24,391	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$10,934,501	PYProgramServiceRevenueAmt
CY Program Service Revenue	$11,376,373	CYProgramServiceRevenueAmt
PY Investment Income	$337,671	PYInvestmentIncomeAmt
CY Investment Income	$459,970	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$11,272,172	PYTotalRevenueAmt
CY Total Revenue	$11,836,343	CYTotalRevenueAmt
PY Grants And Similar Paid	$8,500	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$8,750	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$3,908,991	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$4,201,127	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$5,500,810	PYOtherExpensesAmt
CY Other Expenses	$5,606,567	CYOtherExpensesAmt
PY Total Expenses	$9,418,301	PYTotalExpensesAmt
CY Total Expenses	$9,816,444	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,853,871	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,019,899	CYRevenuesLessExpensesAmt
Total Assets BOY	$223,292,265	TotalAssetsBOYAmt
Total Assets EOY	$247,756,729	TotalAssetsEOYAmt
Total Liabilities BOY	$202,843,894	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$225,296,718	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$20,448,371	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$22,460,011	NetAssetsOrFundBalancesEOYAmt
Mission	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	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	MAINTENANCE OF MEMBERS' SHARE, DEPOSIT, AND LOAN ACCOUNTS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	6416	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	104	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRIAN THERRIEN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6033326840	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	133 BROCK STREET	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03867	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
DANA FLANDERS
CHAIRMAN	2.00	Yes (X)	Yes (X)	$0	$0	$0
RONALD VACHON
VICE CHAIRMAN	2.00	Yes (X)	Yes (X)	$0	$0	$0
PAUL AUGER
TREASURER	2.00	Yes (X)	Yes (X)	$0	$0	$0
NANCY GILBERT
SECRETARY	2.00	Yes (X)	Yes (X)	$0	$0	$0
JAMES BROCK
DIRECTOR	2.00	Yes (X)		$0	$0	$0
RICHARD BRUNELLE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KATHLEEN SIMONEAU
DIRECTOR	2.00	Yes (X)		$0	$0	$0
RICHARD FALARDEAU
DIRECTOR	2.00	Yes (X)		$0	$0	$0
PAUL TURNER
DIRECTOR	2.00	Yes (X)		$0	$0	$0
BRIAN HUGHES
PRESIDENT/CEO	45.00		Yes (X)	$183,408	$0	$17,042
ROSEMARY SHIELDS
COO	45.00		Yes (X)	$124,009	$0	$13,369
BRIAN THERRIEN
CFO	45.00		Yes (X)	$117,665	$0	$6,997
LISA RODMAN
VP OF LENDING	45.00		Yes (X)	$108,378	$0	$1,050
CHRIS PATROWICZ
VP OF HUMAN RESOURCES	45.00		Yes (X)	$83,017	$0	$12,085

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$616,477	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$50,543	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
BENCHMARK
34 THOMAS DR	WESTBROOK	ME	04092	CONSTRUCTION	$390,309
TLA INC
400 US ROUTE 1 STE A	FALMOUTH	ME	04105	ARCHITECT/PROJ MGMT	$177,651
DARCI CREATIVE INC
96 CHESTNUT ST	PORTSMOUTH	NH	03801	MARKETING AND ADVERTISING	$131,398

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	3	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TOTAL LOAN INTEREST	522291	$8,120,654	$8,120,654
ACCOUNT FEES	900099	$2,983,281	$2,983,281
OTHER FEES AND INCOME	900099	$204,709	$204,709
NON MEMBER ATM FEES	900099	$44,338		$44,338
INSURANCE	900099	$23,391		$23,391

Field	Value	IRS element (for citing)
Total Program Service Revenue	$11,376,373	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$451,262	TotalRevenueColumnAmt
Exclusion	$451,262	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$359,658	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$350,950	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$8,708	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,708	TotalRevenueColumnAmt
Related Or Exempt Func Income	$8,708	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$11,836,343	TotalRevenueColumnAmt
Related Or Exempt Func Income	$11,317,352	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$67,729	UnrelatedBusinessRevenueAmt
Exclusion	$451,262	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$8,750	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$667,019	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,809,951	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$81,302	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$388,136	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$254,719	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$70,967	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$86,916	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$279,757	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$106,527	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$509,400	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$414,912	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$89,802	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,108,230	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$466,565	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$117,947	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
LOAN SERVICING	$749,758
DEBIT CARD EXPENSE	$573,590
PROVISION FOR LOAN LOSS	$216,244
OUTSIDE SERVICES	$191,955

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$623,997	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$9,816,444	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,607,477	BOYAmt
EOY	$4,203,172	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$40,853,699	BOYAmt
EOY	$43,826,400	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$49,218	BOYAmt
EOY	$59,153	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$5,527,164	BOYAmt
EOY	$5,663,685	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$162,726,315	BOYAmt
EOY	$180,840,617	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$946,649	BOYAmt
EOY	$408,586	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$12,291,993	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$6,005,070	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$5,591,204	BOYAmt
EOY	$6,286,923	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$2,983,828	BOYAmt
EOY	$5,421,671	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,006,711	BOYAmt
EOY	$1,046,522	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$223,292,265	BOYAmt
EOY	$247,756,729	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$34,093	BOYAmt
EOY	$795,801	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$3,000,000	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$199,809,801	BOYAmt
EOY	$224,500,917	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$202,843,894	BOYAmt
EOY	$225,296,718	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$20,448,371	BOYAmt
EOY	$22,460,011	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$20,448,371	BOYAmt
EOY	$22,460,011	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$223,292,265	BOYAmt
EOY	$247,756,729	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$2,019,899	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$8,259	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Incl Escrow Custodial Acct Liab	0	InclEscrowCustodialAcctLiabInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$861,756	OtherCostOrOtherBasisAmt
Book Value	$861,756	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,239,146	OtherCostOrOtherBasisAmt
Depreciation	$1,736,230	DepreciationAmt
Book Value	$4,502,916	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$372,228	OtherCostOrOtherBasisAmt
Depreciation	$372,228	DepreciationAmt
Book Value	$0	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,818,863	OtherCostOrOtherBasisAmt
Depreciation	$3,896,612	DepreciationAmt
Book Value	$922,251	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$6,286,923	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	SHARES AND DEPOSITS	Desc
Amt	$224,500,917	Amt

Field	Value	IRS element (for citing)
Total Liability	$224,500,917	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$11,836,343	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$11,836,343	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$11,836,343	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$9,816,444	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$9,816,444	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$9,816,444	TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	STUDENT SCHOLARSHIPS	GrantTypeTxt
Recipient	11	RecipientCnt
Cash Grant	$8,750	CashGrantAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Independent Consultant	Yes (X)	IndependentConsultantInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	BRIAN HUGHES	PersonNm
Title	PRESIDENT/CEO	TitleTxt
Base Compensation Filing Org	$167,808	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$15,600	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$8,820	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$8,222	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$200,450	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	OFFICERS BRIAN HUGHES, BRIAN THERRIEN, AND ROSEMARY SHIELDS WERE PROVIDED WITH A SERP WHICH WAS FUNDED BY LIFE INSURANCE.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
BRIAN HUGHES
OFFICER	SERP	Yes (X)	$3,330,819	$3,511,791	0	Yes (1)	Yes (1)
BRIAN THERRIEN
OFFICER	SERP	Yes (X)	$737,028	$777,073	0	Yes (1)	Yes (1)
ROSEMARY SHIELDS
OFFICER	SERP	Yes (X)	$1,303,973	$1,374,821	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$5,663,685	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 ARE AT ALL BRANCHES AND TO MEMBERS WHO ATTEND THE ANNUAL MEETING. OTHER INFORMATION IS AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 24E	COMMUNICATIONS 178,636. EQUIPMENT MAINTENANCE 111,960. CHARITABLE CONTRIBUTIONS 73,110. CREDIT REPORTS 48,667. EDUCATION & TRAINING 43,236. DUES AND SUBSCRIPTIONS 40,690. BANK FEES 39,608. SHARE DRAFT EXPENSE 30,711. STATE ASSESSMENT 28,500. BUSINESS DEVELOPMENT 18,240. MEMBER EDUCATION 7,631. MEMBER APPRECIATION 1,790. MISCELLANEOUS 1,218.
FORM 990, PART XI, LINE 9:	CHANGE IN FAS115 -8,259.
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.
FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES	CHANGE IN FAS115- UNREALIZED GAIN/LOSS = $1,163.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	1962 REAL ESTATE LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 WAKEFIELD STREET	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	038661500	ZIPCd

Field	Value	IRS element (for citing)
EIN	472860106	EIN
Primary Activities	AQUIRE, MANAGE AND OWN REAL ESTATE	PrimaryActivitiesTxt
Legal Domicile State	NH	LegalDomicileStateCd
End Of Year Assets	$280,685	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	HOLY ROSARY CREDIT UNION	BusinessNameLine1Txt