HOLY ROSARY CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: HOLY ROSARY CREDIT UNION (EIN 02-0272024)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-14
IRS object ID: 201302269349300425
Schema version: 2012v2.0
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

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-14T06:16:30-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ROBERT ANDERSON & COMPANY PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	138 DODGE ST	AddressLine1
City	BEVERLY	City
State	MA	State
ZIP Code	019151866	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	020272024	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	HOLY ROSARY REGIONAL CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	HOLY	NameControl
Phone	6033326840	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	133 BROCK STREET	AddressLine1
City	ROCHESTER	City
State	NH	State
ZIP Code	03867	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	BRIAN THERRIEN	Name
Title	CFO	Title
Date Signed	2013-08-14	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Robert Anderson	Name
PTIN	P01462745	PTIN
Phone	9782329300	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	9751201	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c	X	Organization501c
Web Site	HRCU.ORG	WebSite
Activity Or Mission Description	CREDIT UNION - MEMBER THRIFT	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	87	TotalNbrEmployees
Total Nbr Volunteers	9	TotalNbrVolunteers
Total Gross UBI	60116	TotalGrossUBI
Net Unrelated Business Txbl Income	-15338	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	6367489	ProgramServiceRevenuePriorYear
Program Service Revenue CY	6706402	ProgramServiceRevenueCY
Investment Income Prior Year	583042	InvestmentIncomePriorYear
Investment Income Current Year	499710	InvestmentIncomeCurrentYear
Other Revenue Prior Year	2171289	OtherRevenuePriorYear
Other Revenue Current Year	2368689	OtherRevenueCurrentYear
Total Revenue Prior Year	9121820	TotalRevenuePriorYear
Total Revenue Current Year	9574801	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	6500	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	6000	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	3105272	SalariesEtcPriorYear
Salaries Etc Current Year	3309005	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	4759626	OtherExpensePriorYear
Other Expenses Current Year	4748145	OtherExpensesCurrentYear
Total Expenses Prior Year	7871398	TotalExpensesPriorYear
Total Expenses Current Year	8063150	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1250422	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1511651	RevenuesLessExpensesCY
Total Assets BOY	172330407	TotalAssetsBOY
Total Assets EOY	184614229	TotalAssetsEOY
Total Liabilities BOY	157757001	TotalLiabilitiesBOY
Total Liabilities EOY	168604780	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	14573406	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	16009449	NetAssetsOrFundBalancesEOY
Mission Description	CREDIT UNION - MEMBER THRIFT	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1114861	Expense
Description	MAINTENANCE OF MEMBERS' SHARE AND DEPOSIT ACCOUNTS. NUMBER OF ACCOUNTS IS 36,066.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Revenue	6706402	Revenue
Description	MAINTENANCE OF MEMBERS' LOAN ACCOUNTS. NUMBER OF ACCOUNTS IS 8,565.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	1114861	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	true	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	true	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	5403	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	87	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	true	LocalChapters
Policies Reference Chapters	true	PoliciesReferenceChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	BRIAN THERRIEN	NamePerson
Telephone Number	6033326840	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	133 BROCK STREET	AddressLine1
City	ROCHESTER	City
State	NH	State
ZIP Code	03867	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (20 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer
DONA DOYON
SUPERVISORY COM	1.00	0.00	0	0	0
CONSTANCE HAMANN
SUPERVISORY COM	1.00	0.00	0	0	0
ROBERT LANGELIER
SUPERVISORY COM	1.00	0.00	0	0	0
RACHEL GILMAN
SUPERVISORY COM	1.00	0.00	0	0	0
KATHLEEN SIMONEAU
Director	2.00	0.00	0	0	0	X
RICHARD FALARDEAU
Director	2.00	0.00	0	0	0	X
PAUL TURNER
Director	2.00	0.00	0	0	0	X
RONALD VACHON
Vice Chairman	2.00	0.00	0	0	0	X	X
DANA FLANDERS
Chairman	2.00	0.00	0	0	0	X	X
NANCY GILBERT
Secretary	2.00	0.00	0	0	0	X	X
JAMES BROCK
Director	2.00	0.00	0	0	0	X
PAUL AUGER
Director	2.00	0.00	0	0	0	X
LYNN WILLIAMS
Treasurer	40.00	0.00	0	0	0	X	X
JANE GETTENS
SR. VP OF OPER.	0.00	0.00	67428	0	2016		X
CHRISTINE PATROWICZ
VP OF HR	40.00	0.00	69758	0	11040		X
ROSEMARY SHIELDS
VP BR. ADMIN	40.00	0.00	76993	0	10946		X
DONNA CORMIER
VP TECHNOLOGY	40.00	0.00	73849	0	8935		X
BRIAN THERRIEN
CFO	40.00	0.00	81689	0	5322		X
SUZANNE WILKINS
VP LENDING	40.00	0.00	77718	0	12302		X
BRIAN F HUGHES
President/CEO	40.00	0.00	159730	0	15460		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	607165	TotalReportableCompFromOrg
Total Other Compensation	66021	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
RELIAMAX SURETY COMPANY
5024 S BUR OAK PLACE SUITE 103	SOUIX FALLS	SD	57108	INSURANCE	119886
FISERV
455 SOUTH GULPH ROAD SUITE 201	KING OF PRUSSIA	PA	19406	DATA PROCESSING	219373
FISERV
255 FISERV DRIVE	BROOKFIELD	WI	53045	DEBIT/CREDIT CARDS	382651
ANTHEM BLUE CROSS BLUE SHIELD
3000 GOFFS FALLS ROAD	MANCHESTER	NH	03111	MEDICAL INSURANCE	278253

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	4	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INTEREST-CONSUMER LOANS	522291	2006635	2006635
INTEREST REAL ESTATE LOAN	522291	3674416	3674416
INTEREST CREDIT CARDS	522291	647367	647367
INTEREST - BUSINESS LOANS	522291	377984	377984

Field	Value	IRS element (for citing)
Total Program Service Revenue	6706402	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	495654	TotalRevenueColumn
Related Or Exempt Function Income	495654	RelatedOrExemptFunctionIncome

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	180456	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	176400	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	4056	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	4056	TotalRevenueColumn
Related Or Exempt Function Income	4056	RelatedOrExemptFunctionIncome

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
OTHER FEES AND INCOME	900099	2312619	2308573	4046
NON MEMBER ATM FEES		38148		38148
CAR BUYING AND WARRANTIES		9800		9800

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	8122	TotalRevenueColumn
Unrelated Business Revenue	8122	UnrelatedBusinessRevenue

Field	Value	IRS element (for citing)
Total Other Revenue	2368689	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	9574801	TotalRevenueColumn
Related Or Exempt Function Income	9514685	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	60116	UnrelatedBusinessRevenue

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	6000	Total
Program Services	6000	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	673186	Total
Management And General	673186	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	2091392	Total
Management And General	2091392	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	64568	Total
Management And General	64568	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	258271	Total
Management And General	258271	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	221588	Total
Management And General	221588	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	44557	Total
Management And General	44557	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	44608	Total
Management And General	44608	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	164584	Total
Management And General	164584	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	301232	Total
Management And General	301232	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	220054	Total
Management And General	220054	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	331789	Total
Management And General	331789	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	51480	Total
Management And General	51480	ManagementAndGeneral

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	45388	Total
Management And General	45388	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	1115020	Total
Program Services	1114861	ProgramServices
Management And General	159	ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	275281	Total
Management And General	275281	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	67614	Total
Management And General	67614	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Management And GeneralManagementAndGeneral
OUTSIDE SERVICES	176706	176706
PROVISION LOAN LOSS	344000	344000
DEBIT CARD	422140	422140
LOAN SERVICING	690493	690493

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	453199	Total
Management And General	453199	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	8063150	Total
Program Services	1120861	ProgramServices
Management And General	6942289	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1642964	BOY
EOY	2261507	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	34822470	BOY
EOY	36837203	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	1736929	BOY
EOY	1897544	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	112475413	BOY
EOY	123559019	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	365879	BOY
EOY	384978	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	8933103	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	4487349	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	4516370	BOY
EOY	4445754	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	14219207	BOY
EOY	12103855	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	369700	BOY
EOY	262300	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	2181475	BOY
EOY	2862069	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	172330407	BOY
EOY	184614229	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	287972	BOY
EOY	395906	EOY

Escrow Account Liability EscrowAccountLiability

Field	Value	IRS element (for citing)
BOY	204427	BOY
EOY	343659	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	157264602	BOY
EOY	167865215	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	157757001	BOY
EOY	168604780	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	14573406	BOY
EOY	16009449	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	14573406	BOY
EOY	16009449	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	172330407	BOY
EOY	184614229	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	1511651	ReconcilationRevenueExpenses
Reconcilation Other Changes	-75608	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	true	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	672330	OtherCostOrOtherBasis
Book Value	672330	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4369641	OtherCostOrOtherBasis
Depreciation	1207537	Depreciation
Book Value	3162104	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	372228	OtherCostOrOtherBasis
Depreciation	371778	Depreciation
Book Value	450	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3518904	OtherCostOrOtherBasis
Depreciation	2908034	Depreciation
Book Value	610870	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	4445754	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
SHARES AND DEPOSITS	$167,865,214
Rounding	$1

Field	Value	IRS element (for citing)
Total Of Amounts	167865215	TotalOfAmounts

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	false	RecordsMaintained
Total Nbr Of501 C3 And Govt Grants	0	TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations	0	TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant
STUDENT SCHOLARSHIPS	5	5000
STUDENT SCHOLARSHIPS	2	1000

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	BRIAN F HUGHES	NamePerson
Title	President/CEO	Title
Base Compensation Filing Org	149730	BaseCompensationFilingOrg
Bonus Filing Org	10000	BonusFilingOrg
Deferred Comp Filing Org	7813	DeferredCompFilingOrg
Nontaxable Benefits Filing Org	7647	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	175190	TotalCompensationFilingOrg

Schedule L IRS990ScheduleL

Loan Table LoanTable (17 entries)

Relationship With OrganizationRelationshipWithOrganization	Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement	Original PrincipalOriginalPrincipalAmount
ROBERT LANGELIER
SUP COMM	LOANS	X	3692	false	true	true
CONSTANCE HAMANN
SUP COMM	LOANS	X	3544	false	true	true
DONA DOYON
SUP COMM	LOANS	X	191482	false	true	true	$221,062
LYNN WILLIAMS
DIRECTOR	LOANS	X	81533	false	true	true	$91,680
RICHARD FALARDEAU
DIRECTOR	LOAN	X	91452	false	true	true	$123,000
JIM BROCK
DIRECTOR	LOANS	X	304626	false	true	true	$333,353
PAUL AUGER
DIRECTOR	LOANS	X	55408	false	true	true	$172,000
BRIAN J THERRIEN
OFFICER	LOAN	X	1856	false	true	true
RACHEL GILMAN
SUP COMM	LOAN	X	1189	false	true	true
DANA FLANDERS
DIRECTOR	LOANS	X	153688	false	true	true	$161,600
CHRISTINE PATROWICZ
OFFICER	LOANS	X	29219	false	true	true	$37,500
DONNA CORMIER
OFFICER	LOANS	X	56	false	true	true
ROSEMARY SHIELDS
OFFICER	LOAN	X	356170	false	true	true	$364,000
SUZANNE WILKINS
OFFICER	LOAN	X	329	false	true	true
PAUL TURNER
OFFICER	LOAN	X	84837	false	true	true	$71,495
RONALD VACHON
DIRECTOR	LOANS	X	126395	false	true	true	$132,407
BRIAN F HUGHES
OFFICER	LOANS	X	412068	false	true	true	$431,500

Field	Value	IRS element (for citing)
Total Balance Due	1897544	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part XI, Line 9	Other Changes In Net Assets Or Fund Balances - Other Decreases	CHANGE IN FAS115- UNREALIZED GAIN/LOSS = -$75608
Form 990, Part VI, Line 19	Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE AREA AT ALL BRANCHES. OTHER INFORMATION IS AVAILABLE UPON REQUEST.
Form 990, Part VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	THE CREDIT UNION GATHERS SALARY SURVEY DATA FROM EXTERNAL SOURCES. THE PRESIDENT & CEO SALARY IS REVIEWED BY THE BOARD OF DIRECTORS AND SENIOR MANAGMENT IS REVIEWED BY THE PRESIDENT.
Form 990, Part VI, Line 15a	Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	THE CREDIT UNION GATHERS SALARY SURVEY DATA FROM EXTERNAL SOURCES. THE PRESIDENT & CEO SALARY IS REVIEWED BY THE BOARD OF DIRECTORS AND SENIOR MANAGMENT IS REVIEWED BY THE PRESIDENT.
Form 990, Part VI, Line 12c	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 11b	Form 990, Part VI, Line 11b: Form 990 Review Process	MANAGEMENT WILL PRESENT THE COMPLETED FORM 990 TO THE BOARD FOR REVIEW BEFORE FILING IF TIME PERMITS. OTHERWISE AFTERWARDS. THE CFO GATHERS THE INFORMATION, THE AUDIT FIRM PREPARES FORM 990/990T. UPON RECEIPT FROM AUDIT FIRM, CFO AND CEO REVIEWS. A FINAL COPY IS PRESENTED AT THE NEXT BOARD MEETING FOR THEIR REVIEW.
Form 990, Part VI, Line 7b	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 7a	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 6	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 2	Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et	OFFICER DONNA CORMIER USED DIRECTOR RACHEL GILMAN AS A REALTOR TO PURCHASE A HOUSE.