2013-11-12T14:41:39-06:00 2012-12-31 161148763 FIRLEY MORAN FREER & EASSA CPA PC 5010 CAMPUSWOOD DR E SYRACUSE NY 13057 990 2012-01-01 141407718 HUDSON RIVER COMMUNITY CREDIT UNION HUDS 5186549028 ONE THIRD STREET CORINTH NY 12822 SUSAN COMMANDA 5186549028 2013-11-12 1 TAMMY L TRIPPANY P00365032 3154727045 2012 2016-02-24 21:20:13Z STUART FIELDS ONE THIRD STREET CORINTH NY 12822 11656553 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. HRCCU SERVES AS AN ALTERNATIVE TO BANKS AND OTHER FINANCIAL INSTITUTIONS BY PROVIDING BASIC SAVINGS AND LOAN SERVICES WITH EMPHASIS ON HIGH QUALITY MEMBER SERVICE. 7 7 85 7 42225 10550 0 0 7175084 7342154 945452 405020 3858173 3712420 11978709 11459594 0 0 0 0 3778341 3776203 0 0 0 6636963 5988047 10415304 9764250 1563405 1695344 161603970 174646210 140143194 151612204 21460776 23034006 HUDSON RIVER COMMUNITY CREDIT UNION'S MISSION IS TO IMPROVE THE WELL-BEING OF MEMBERS AND THEIR FAMILIES BY PROVIDING QUALITY FINANCIAL SERVICES WITH THE BEST OVERALL VALUE. 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 OFFER RATES THAT WILL MEET THEIR NEEDS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 85 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 JAMIE LEVENDUSKY 5186549028 ONE THIRD STREET CORINTH NY 12822 CAROL ANN PACCO-LONG 2.00 0.00 X X 0 0 0 CHARLES PASQUARELL III 2.00 0.00 X X 0 0 0 MARGARET RABIDA 2.00 0.00 X 0 0 0 STUART FIELDS 2.00 0.00 X X 0 0 0 MARGARET FOOTE 2.00 0.00 X 0 0 0 HAROLD JONES 2.00 0.00 X 0 0 0 THOMAS UNCHER 2.00 0.00 X X 0 0 0 SUSAN COMMANDA 40.00 0.00 X 183377 0 52740 LORRAINE MAROLA 40.00 0.00 X 111598 0 6666 294975 0 59406 2 0 1 0 FH ALEXANDER 313 USHERS ROAD BALLSTON LAKE NY 12019 CONSTRUCTION 1834422 FISERV 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 60675 DATA PROCESSING 1043455 TECH II 4289 ROUTE 50 SARATOGA SPRINGS NY 12866 COMPUTER SYSTEM MAINTENANCE 125555 TIME WARNER CABLE PO BOX 11827 NEWARK NJ 07101 INTERNET SERVICE PROVIDER 105085 4 LOAN INTEREST RECEIVED 522100 7342154 7342154 7342154 489229 489229 112750 196959 -84209 -84209 -84209 FEE INCOME 522100 2594649 2594649 OTHER OPERATING INCOME 522100 1075546 1075546 NON-MEMBER ATM FEES 522100 42225 42225 3712420 11459594 10928140 42225 489229 294975 2743428 185957 300749 251094 23495 106928 205360 490085 106964 1076059 435102 OFFICE OPERATIONS 1239836 PROVISION FOR LEASE/LOA 837253 PROFESSIONAL & OUTSIDE 771540 LOAN SERVICING 348596 346829 9764250 2523590 2328526 14449489 20865311 116122275 121407461 11257123 2498551 6695129 8758572 18469912 18112880 3343575 3173460 161603970 174646210 1389855 2031803 138753339 149580401 140143194 151612204 X 17427694 19000924 4033082 4033082 21460776 23034006 161603970 174646210 X 1695344 -122114 X 0 1 X 1 0 1322380 1322380 4682790 1031594 3651196 11314 11314 0 2291298 1455643 835655 2949341 2949341 8758572 AVAILABLE FOR SALE SECURITIES 18112880 F 18112880 MEMBER SHARES & DEPOSITS 149580401 149580401 X 11543803 0 11543803 -84209 -84209 11459594 9848459 0 9848459 -84209 -84209 9764250 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS INCLUDED IN EXPENSE FOR FINANCIAL STATEMENTS PURPOSES PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS INCLUDED IN EXPENSE FOR FINANCIAL STATEMENTS PURPOSES X X X 0 1 0 SUSAN COMMANDA 183101 0 0 0 276 0 33664 0 19076 0 236117 0 0 0 PART I, LINE 4B SUSAN COMMANDA - $16,896 SUSAN E COMMANDA X 63500 58715 0 1 1 SUSAN E COMMANDA X 42265 13277 0 1 1 MARGARET FOOTE X 65708 51044 0 1 1 GARY GRADY X 32000 30462 0 1 1 153498 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 11 PRIOR TO FILING, THE 990 IS REVIEWED BY THE CONTROLLER AND CHIEF FINANCIAL OFFICER. 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 THE SALARY REVIEW PROCESS FOR KEY/HIGHLY COMPENSATED EMPLOYEES IS SET BY THE BOARD AFTER REVIEWING MARKET COMPENSATION DATA DERIVED FROM INDEPENDENT SOURCES. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ACCUMULATED UNREALIZED GAINS ON AVAILABLE FOR SALE SECURITIES -178,015. ACCUMULATED UNREALIZED LOSSES ON RETIREMENT ASSETS 55,901.