2015-08-06T13:02:51-07:00 2014-12-31 ROBERT ANDERSON & COMPANY PC 138 DODGE ST BEVERLY MA 019151866 990 2014-01-01 020272024 HOLY ROSARY REGIONAL CREDIT UNION HOLY 6033326840 133 BROCK STREET ROCHESTER NH 03867 BRIAN THERRIEN CFO 2015-08-06 true Robert Anderson P01462745 9782329300 2014 2016-02-25 16:41:14Z 10647051 false false X HRCU.ORG CREDIT UNION - MEMBER THRIFT 9 9 94 9 83239 -15519 0 6918716 7377168 329395 344700 2520726 2695655 9768837 10417523 10000 9000 0 3661741 3672860 0 0 4788632 5399021 8460373 9080881 1308464 1336642 193202026 206230773 175969618 187645695 17232408 18585078 CREDIT UNION - MEMBER THRIFT false false 975040 MAINTENANCE OF MEMBERS' SHARE AND DEPOSIT ACCOUNTS. NUMBER OF ACCOUNTS IS 38,920. 7377168 MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF ACCOUNTS IS 10,386. 975040 false false false false false false false false true false true false false false true false false false false false false false false false false false false false true true false false false false false false true false false false false false false false false false false false false false false true 5907 0 true 94 true true true false false false false false false false false false false X 9 9 true false false false true true true true true false true true false true true true false true true true false X BRIAN THERRIEN 6033326840 133 BROCK STREET ROCHESTER NH 03867 RICHARD BRUNELLE Director 2.00 0.00 X 0 0 0 PAUL AUGER Treasurer 2.00 0.00 X X 0 0 0 JAMES BROCK Director 2.00 0.00 X 0 0 0 NANCY GILBERT Secretary 2.00 0.00 X X 0 0 0 DANA FLANDERS Chairman 2.00 0.00 X X 0 0 0 RONALD VACHON Vice Chairman 2.00 0.00 X X 0 0 0 PAUL TURNER Director 2.00 0.00 X 0 0 0 RICHARD FALARDEAU Director 2.00 0.00 X 0 0 0 KATHLEEN SIMONEAU Director 2.00 0.00 X 0 0 0 BRIAN F HUGHES President/CEO 45.00 0.00 X 160575 0 75210 SUZANNE WILKINS VP LENDING 45.00 0.00 X 75253 0 12580 BRIAN THERRIEN CFO 45.00 0.00 X 92983 0 19420 DONNA CORMIER VP TECHNOLOGY 45.00 0.00 X 33165 0 3897 ROSEMARY SHIELDS COO 45.00 0.00 X 93001 0 35553 CHRISTINE PATROWICZ VP OF HR 45.00 0.00 X 67803 0 11882 522780 158542 1 false true false FISERV EFT 75 REMITTANCE DRIVE SUITE 6962 CHICAGO IL 60675 DEBIT/CREDIT CARD 455146 ANTHEM BLUE CROSS BLUE SHIELD 3000 GOFFS FALLS ROAD MANCHESTER NH 03111 MEDICAL INSURANCE 345189 RELIAMAX NATIONAL LLC PO BOX 91603 SIOUX FALLS SD 57109 STUDENT LOAN REP INS 219969 SYNERGENT 2 LEDGEVIEW DRIVE WESTBROOK ME 04092 CORE DATA PROCESSING 448143 WENSLEY & JONES PLLC 40 WAKEFIELD STREET ROCHESTER NH 038661500 ATTORNEYS 203946 7 0 TOTAL LOAN INTEREST 522291 7377168 7377168 7377168 336216 336216 0 0 0 238012 229528 8484 8484 8484 0 0 0 INSURANCE 14092 14092 NON MEMBER ATM FEES 36868 36868 OTHER FEES AND INCOME 900099 2638035 2612416 25619 6660 6660 2695655 10417523 10334284 83239 0 9000 9000 0 0 681322 681322 0 2474205 2474205 75502 75502 213539 213539 228292 228292 0 59779 59779 55148 55148 0 0 0 0 195405 195405 324400 324400 477928 477928 0 367515 367515 0 0 126231 126231 978115 975040 3075 0 335304 335304 89198 89198 LOAN SERVICING 888722 888722 PROVISION LOAN LOSS 629000 629000 DEBIT CARD 505449 505449 OUTSIDE SERVICES 188718 188718 178109 178109 9080881 984040 8096841 0 2348889 2512453 42581813 37427749 0 261928 1590146 1374793 0 133279932 149794822 0 527368 788417 9733287 5159443 4574574 4573844 4997365 5984704 237400 588300 0 0 3064539 2923763 193202026 206230773 373645 358850 267589 243743 2500000 175328384 184543102 175969618 187645695 X 17232408 18585078 17232408 18585078 193202026 206230773 X 1336642 16028 X false false false false true 832779 832779 4440721 1441196 2999525 372228 372228 4087559 3346019 741540 4573844 OTHER LIABILITITES -3336083 SHARES AND DEPOSITS 187879185 184543102 false 0 0 STUDENT SCHOLARSHIPS 13 9000 X X X X false false false BRIAN F HUGHES President/CEO 148017 12558 67069 8141 235785 BRIAN F HUGHES OFFICER LOANS X 411500 381925 false true true RONALD VACHON DIRECTOR LOANS X 157101 125869 false true true RICHARD BRUNELLE DIRECTOR LOAN X 178689 164312 false true true NANCY GILBERT DIRECTOR LOAN X 4975 8839 false true true ROSEMARY SHIELDS OFFICER LOAN X 214000 202064 false true true PAUL TURNER DIRECTOR LOANS X 23854 22453 false true true CHRISTINE PATROWICZ OFFICER LOANS X 37500 10247 false true true DANA FLANDERS DIRECTOR LOANS X 204600 189277 false true true SUZANNE WILKINS OFFICER LOANS X 140000 139462 false true true PAUL AUGER DIRECTOR LOANS X 165000 19363 false true true JIM BROCK DIRECTOR LOANS X 49353 36572 false true true RICHARD FALARDEAU DIRECTOR LOAN X 123000 67840 false true true KATHLEEN SIMONEAU DIRECTOR LOAN X 6570 false true true 1374793 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Line 7a: How Members or Shareholders Elect Governing Body Each member has a vote at the election of the board of directors. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Any changes to the incorporating documents i.e. bylaws, are approved by the membership. Form 990, Part VI, Line 11b: Form 990 Review Process AN OUTSIDE FIRM PREPARES THE FORM 990/990T. THE CFO REVIEWS FOR ACCURACY AND REASONABLENESS. DUE TO THE TIMING OF THE PREPARATION OF THE RETURN AND THE FILING DUE DATE, THE BOARD'S REVIEW WILL BE AFTER THE RETURN IS FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE CREDIT UNION GATHERS SALARY SURVEY DATA FROM THIRD PARTY VENDORS AND ESTABLISHES 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE CREDIT UNION GATHERS SALARY SURVEY DATA FROM THIRD PARTY VENDORS AND ESTABLISHES 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, Line 19: Other Organization Documents Publicly Available A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE AREA AT ALL BRANCHES AND TO MEMBERS WHO ATTEND THE ANNUAL MEETING. OTHER INFORMATION IS AVAILABLE UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Increases CHANGE IN FAS115- UNREALIZED GAIN/LOSS = $16028