2016-02-12T09:00:07-06:00 2015-09-30 203760975 DIANE Y SMITH CPA PC 11832 ROCK LANDING DR STE 101 NEWPORT NEWS VA 23606 990 2014-10-01 540623257 HAMPTON ROADS EDUCATORS' CREDIT UNION INC HAMP 7578380707 2130 CUNNINGHAM DRIVE HAMPTON VA 23666 KAREN ORIE MANAGER/CEO 7578380707 2016-02-05 true DIANE Y SMITH CPA P00175492 7572239602 2016-02-11 2014 2016-08-17 19:52:53Z WILLIAM TRIMBLE 2310 CUNNINGHAM DRIVE HAMPTON VA 23666 1881121 false X WWW.HRECU.ORG X 1954 VA CREDIT UNIONS ARE ORGANIZED TO PROVIDE FINANCIAL SERVICES TO MEMBERS. CREDIT UNIONS ARE EXEMPT BY FEDERAL LAW. 9 9 16 32 10350 7625 0 1641189 1588824 170727 243910 73234 48387 1885150 1881121 7016 2840 0 571940 623861 0 0 1282170 1197382 1861126 1824083 24024 57038 29293884 28483512 27707069 27282397 1586815 1201115 X CREDIT UNIONS ARE ORGANIZED TO PROVIDE FINANCIAL SERVICES TO MEMBERS. CREDIT UNIONS ARE EXEMPT BY FEDERAL LAW. false false TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 273 0 16 true true true false false false false false X 9 9 false false false false false true true true true false false false true false true true true true true false X KAREN ORIE 7578380707 2130 CUNNINGHAM DRIVE HAMPTON VA 23666 WILLIAM F TRIMBLE JR BOARD CHAIRM 2.50 X 0 0 0 NAOMI J CHADWICK FORMER DIREC 2.50 X 0 0 0 DONALD SANDRIDGE BOARD TREASU 2.50 X 0 0 0 JAMES C WARREN BOARD SECRET 2.50 X 0 0 0 CORNELIUS CHAMBLISS BOARD 1ST VI 2.50 X 0 0 0 GLORIA F PRESSLEY FORMER DIREC 2.50 X 0 0 0 JORESSA CHAPPELL DIRECTOR 2.50 X 0 0 0 GLORIA WINDER-GILLIAM DIRECTOR 2.50 X 0 0 0 KELVIN P EVANS 2ND VICE CHA 2.50 X 0 0 0 JACQUELINE SMITH-WATSON DIRECTOR 2.50 X 0 0 0 ANITA R HOLLEY DIRECTOR 2.50 X 0 0 0 KAREN ORIE MANAGER 40.00 X 70379 0 0 70379 false false false FISERVATM 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING 151154 COMMERCIAL BUSINESS SYSTEMS PO BOX 2043 GOLDSBORO NC 27533 IT SERVICES 111605 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 VISA PROCESSING 107019 3 INTEREST ON MEMBER LOANS 1134641 1134641 MEMBER SERVICE FEES 454183 454183 1588824 242910 242910 1000 1000 1000 1000 REFUND OF PENSION EXPENSE 38037 38037 GAP INSURANCE COMMISSION 524298 10350 10350 48387 1881121 1627861 10350 242910 840 2000 77655 446663 55820 43723 6604 21203 141111 44712 106169 8177 32030 1261 18489 11519 39348 31348 PROVISION FOR LOAN LOSS 257275 LOAN SERVICING COSTS 188311 ATM EXPENSES 164092 SHARE AND BANK COSTS 106823 18910 1824083 0 0 0 587690 770619 12781737 12895030 24903 37286 13793087 13140567 137973 148020 956073 784435 191114 171638 128136 74667 1649244 1245685 29293884 28483512 252026 349447 27455043 26932950 27707069 27282397 X 1586815 1201115 1586815 1201115 29293884 28483512 57038 -442738 X false true X true false 700070 588554 111516 256003 195881 60122 171638 MEMBERS' DEPOSITS 26932950 26932950 X 1399346 -442738 -442738 1842084 39037 39037 1881121 1785046 1785046 39037 39037 1824083 SCHEDULE D, PAGE 3, PART X WHILE IT SEEMS LIKELY THAT CERTAIN INCOME STREAMS OF STATE CHARTERED CREDIT UNIONS WILL BE SUBJECT TO UNRELATED INCOME TAX (UBIT), THE ISSUE REMAINS OPEN. SCHEDULE D, PAGE 4, PART XI, LINE 2D NET CHANGE IN PENSION ASSET -442,738 SCHEDULE D, PAGE 4, PART XI, LINE 4B INCOME ITEMS NETTED WITH EXPENSES ON F/S 39,037 SCHEDULE D, PAGE 4, PART XII, LINE 4B INCOME ITEMS NETTED WITH EXPENSES ON F/S 39,037 FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS SERVE ON THE BOARD OF DIRECTORS, THE SUPERVISORY COMMITTEE, THE SCHOLARSHIP COMMITTEE, AND AS TEACHER LIAISONS. VOLUNTEERS ALSO WORK THE STUDENT BRANCHES. FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ANNUALLY ELECT THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B BY-LAW CHANGES MUST BE APPROVED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B COPIES OF THE FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS AS WELL AS THE CHAIR OF THE SUPERVISORY COMMITTEE FOR REVIEW AND DISCUSSION. BOARD MEMBERS WILL GET A COPY OF THE 990 BEFORE FILING ONLY IF THE BOARD MEETING IS PRIOR TO THE FILING DEADLINE. IF NOT, THEY WILL GET A COPY AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C STAFF ARE REQUIRED TO REPORT CONFLICTS OF INTEREST TO MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 15A SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE IN DETERMINING THE SALARY TO BE PRESENTED TO THE BOARD. THE INFORMATION FROM CUNA INCLUDES COMPARABILITY DATA. CEO COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B SALARY SURVEY INFORMATION FROM CUNA IS USED BY THE PERSONNEL POLICIES COMMITTEE TO DETERMINE SALARY RECOMMENDATIONS. OTHER OFFICERS- AND KEY EMPLOYEES' COMPENSATION ARE APPROVED BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. FORM 990, PART XI, LINE 9 NET CHANGE IN PENSION ASSET -442,738 INCOME ITEMS NETTED WITH EXPENSES ON F/S -39,037 INCOME ITEMS NETTED WITH EXPENSES ON F/S 39,037