BELCO COMMUNITY CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: BELCO COMMUNITY CREDIT UNION (EIN 23-1445884)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-13
IRS object ID: 201222269349301167
Schema version: 2011v1.2
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 J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-13T10:36:29-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PADDEN GUERRINI & ASSOCIATESPC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	3425 SIMPSON FERRY ROAD	AddressLine1
City	CAMP HILL	City
State	PA	State
ZIP Code	17011	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	231445884	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	BELCO COMMUNITY CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	BELC	NameControl
Phone	8006424482	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	449 EISENHOWER BLVD	AddressLine1
City	HARRISBURG	City
State	PA	State
ZIP Code	17111	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	PAUL R PERINI III	Name
Title	VICE-PRESIDENT OF FINANCE	Title
Phone	8006424482	Phone
Date Signed	2012-08-09	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	FREDERICK A TABOR CPA	Name
Phone	7177631644	Phone
Date Prepared	2012-08-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	LONNY J MAURER	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	449 EISENHOWER BLVD	AddressLine1
City	HARRISBURG	City
State	PA	State
ZIP Code	17111	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	23884508	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.BELCO.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1939	YearFormation
State Legal Domicile	PA	StateLegalDomicile
Activity Or Mission Description	BUILD TRUST, CREATE AND GROW RELATIONSHIPS AND PROVIDE GOLD STAR SERVICE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	200	TotalNbrEmployees
Total Nbr Volunteers	14	TotalNbrVolunteers
Total Gross UBI	123933	TotalGrossUBI
Net Unrelated Business Txbl Income	-4778	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	20708645	ProgramServiceRevenuePriorYear
Program Service Revenue CY	20543305	ProgramServiceRevenueCY
Investment Income Prior Year	1461748	InvestmentIncomePriorYear
Investment Income Current Year	1130181	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1260470	OtherRevenuePriorYear
Other Revenue Current Year	1285671	OtherRevenueCurrentYear
Total Revenue Prior Year	23430863	TotalRevenuePriorYear
Total Revenue Current Year	22959157	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	7008249	SalariesEtcPriorYear
Salaries Etc Current Year	8326664	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	14822782	OtherExpensePriorYear
Other Expenses Current Year	14293039	OtherExpensesCurrentYear
Total Expenses Prior Year	21831031	TotalExpensesPriorYear
Total Expenses Current Year	22619703	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	1599832	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	339454	RevenuesLessExpensesCY
Total Assets BOY	335352544	TotalAssetsBOY
Total Assets EOY	372585630	TotalAssetsEOY
Total Liabilities BOY	305946592	TotalLiabilitiesBOY
Total Liabilities EOY	343475685	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	29405952	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	29109945	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	BUILD TRUST, CREATE AND GROW RELATIONSHIPS AND PROVIDE GOLD STAR SERVICE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	PROVIDE LOANS TO 55,965 MEMBERS	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	PROVIDE FINANCIAL SERVICES TO 55,965 MEMBERS.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Description	PROVIDE LOANS AND FINANCIAL SERVICES TO 55,965 MEMBERS.	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	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	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	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	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
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
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	14110	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	200	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
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	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	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	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	true	InvestmentInJointVenture
Written Policy Or Procedure	false	WrittenPolicyOrProcedure
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	PAUL R PERINI III	NamePerson
Telephone Number	7177206200	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	449 EISENHOWER BLVD	AddressLine1
City	HARRISBURG	City
State	PA	State
ZIP Code	17111	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
RICHARD LYTLE
DIRECTOR	5.00	X	0	0	0
WILLIAM O'DONNELL
CHAIRMAN	5.00	X	0	0	0
STEPHANIE MILLER
TREASURER	5.00	X	0	0	0
DONALD PERSON
DIRECTOR	5.00	X	0	0	0
LAVERN SHEARER
VICE-CHAIRMA	5.00	X	0	0	0
SAMUEL HUMMERT
ASST. TREASU	5.00	X	0	0	0
TERRY HESSLER
SECRETARY	5.00	X	0	0	0
SUZANNE HOFFER
DIRECTOR	5.00	X	0	0	0
CRAIG ERDMAN
ASSISTANT SE	5.00	X	0	0	0
LONNY MAURER
PRESIDENT/CE	60.00		235855	0	523442	X
PAUL PERINI III
VICE-PRES OF	45.00		84825	0	29755	X
CHARLES DELMARCELLE
EXECUTIVE VI	50.00		152200	0	251043		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	472880	TotalReportableCompFromOrg
Total Other Compensation	804240	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	Address Line2AddressOfContractor/AddressUS/AddressLine2	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
JACK HENRY & ASSOCIATES INC
663 W HIGHWAY 60	PO BOX 807	MONETT	MO	65708	DATA PROCESSING	1373470
AFTECHFISERV
455 SOUTH GULPH ROAD	SUITE 201	KING OF PRUSSIA	PA	19406	DATA PROCESSING	301300
QUALITY DIGITAL OFFICE TECH INC
75 UTLEY DRIVE	SUITE 103	CAMP HILL	PA	17011	OFFICE EQUIPMEN	217052
DIEBOLD INCORPORATED
5995 MAYFAIR ROAD	PO BOX 3077	NORTH CANTON	OH	44720	ATM/SECURITY	177836
MAPLE STREET INC
PO BOX 915505		LONGWOOD	FL	32791	CONTRACT MANAGE	151010

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	7	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Unrelated Business RevenueUnrelatedBusinessRevenue
INTEREST INCOME	522100	15134141	15134141
FEE INCOME	522100	5344701	5344701
NON-MEMBER ATM INCOME	522200	64463		64463

Field	Value	IRS element (for citing)
Total Program Service Revenue	20543305	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1510393	TotalRevenueColumn
Exclusion	$1,510,393	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	1057193	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	1057193	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	1057193	TotalRevenueColumn
Exclusion	$1,057,193	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	545139	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	925351	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-380212	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-380212	TotalRevenueColumn
Exclusion	-$380,212	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
MEMBERS FINANCIAL INCOME	169008	169008
MEMBER CONNECT	59470		522100	59470

Field	Value	IRS element (for citing)
Total Other Revenue	228478	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	22959157	TotalRevenueColumn
Related Or Exempt Function Income	20647850	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	123933	UnrelatedBusinessRevenue
Exclusion	$2,187,374	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	873877	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	5619198	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	27772	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	1285096	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	520721	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	90090	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	92014	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	957990	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1040975	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	266164	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1009187	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	88929	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	200622	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	3171491	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1450114	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	195745	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
PROVISION FOR LOAN LOSSES	1663116
PLASTIC CARD EXPENSE	1058407
NCUSIF INSURANCE	821708
LENDING EXPENSES	639678

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1546809	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	22619703	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	4745070	BOY
EOY	5164139	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	17626284	BOY
EOY	13271380	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	904837	BOY
EOY	1037264	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	250000	BOY
EOY	300000	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	231007580	BOY
EOY	241522913	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1230840	BOY
EOY	942230	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	37653508	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	11872669	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	25458199	BOY
EOY	25780839	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	31748416	BOY
EOY	63748437	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	12715443	BOY
EOY	12586893	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	9665875	BOY
EOY	8231535	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	335352544	BOY
EOY	372585630	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	1570789	BOY
EOY	2837763	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	304375803	BOY
EOY	340637922	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	305946592	BOY
EOY	343475685	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	29405952	BOY
EOY	29109945	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	29405952	BOY
EOY	29109945	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	335352544	BOY
EOY	372585630	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	339454	ReconcilationRevenueExpenses
Reconcilation Other Changes	-635461	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5117906	OtherCostOrOtherBasis
Book Value	5117906	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	21531213	OtherCostOrOtherBasis
Depreciation	3606032	Depreciation
Book Value	17925181	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	313702	OtherCostOrOtherBasis
Depreciation	250849	Depreciation
Book Value	62853	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9235472	OtherCostOrOtherBasis
Depreciation	8015788	Depreciation
Book Value	1219684	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1455215	OtherCostOrOtherBasis
Book Value	1455215	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	25780839	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
MEMBER SHARES AND SAVINGS ACCOUNTS	$250,381,490
MEMBER CERTIFICATES OF DEPOSIT	$87,889,751
ACCRUED DEFERRED COMPENSATION PLANS	$2,366,681

Field	Value	IRS element (for citing)
Total Of Amounts	340637922	TotalOfAmounts
Total Revenue	22959157	TotalRevenue
Total Expenses	22619703	TotalExpenses
Excess Or Deficit For Year	339454	ExcessOrDeficitForYear
Net Unrealized GL On Investments	697928	NetUnrealizedGLOnInvestments
Other	-$1,333,389	OtherAmount
Total Adjustments	-635461	TotalAdjustments
Excess Or Deficit Per FS	-296007	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	23847339	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	697928	NetUnrealizedGainsInvestments
Other Revenues	190254	OtherRevenues
Revenue Not Rptd F990	888182	RevenueNotRptdF990
Revenue Subtotal	22959157	RevenueSubtotal
Total Revenue Per Form990	22959157	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	24143346	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	1523643	OtherExpensesIncluded
Expenses Not Rptd F990	1523643	ExpensesNotRptdF990
Expenses Subtotal	22619703	ExpensesSubtotal
Total Expenses Per Form990	22619703	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C) (14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATION.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	EQUITY ACQUIRED IN BUSINESS COMBINATION 190,254 NET CHANGE IN UNREALIZED GAIN/LOSS ON PENSION LIABILITY -1,523,643
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	EQUITY ACQUIRED IN BUSINESS COMBINATION 190,254
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	NET CHANGE IN UNREALIZED GAIN/LOSS ON PENSION LIABILITY 1,523,643

Schedule J IRS990ScheduleJ

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

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
LONNY MAURER
235855	507520	15922	759297
CHARLES DELMARCELLE
152200	234723	16320	403243

Form990 Schedule J Part III Form990ScheduleJPartIII

Field	Value	IRS element (for citing)
Identifier	SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS	Identifier
Return Reference	SCHEDULE J, PAGE 1, PART I, LINE 4	ReturnReference
Explanation	LONNY MAURER 0 186,426 0 CHARLES DELMARCELLE 0 92,413 0	Explanation

Schedule L IRS990ScheduleL

Loan Table LoanTable

Field	Value	IRS element (for citing)
Name Person	LONNY J MAURER	NamePerson
Purpose Of Loan	FUND LIFE INSURANCE PREMIUMS	PurposeOfLoan
Loan From Organization	X	LoanFromOrganization
Original Principal	$50,000	OriginalPrincipalAmount
Balance Due	300000	BalanceDue
Default	false	Default
Approved By Board	true	ApprovedByBoard
Written Agreement	true	WrittenAgreement

Field	Value	IRS element (for citing)
Total Balance Due	300000	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	PROVIDE LOANS AND FINANCIAL SERVICES TO 55,965 MEMBERS.
SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS	FORM 990, PAGE 6, PART VI, LINE 4	THE CREDIT UNION MADE THE FOLLOWING CHANGES TO ITS ARTICLES OF INCORPORATION. AMENDED ARTICLE IV, PART 2 TO READ: "RESOLVED, THAT BELCO COMMUNITY CREDIT UNION IS ORGANIZED AND OPERATES AS A NONPROFIT CORPORATION WITHIN THE DEFINITIONS OF A CREDIT UNION BY THE NATIONAL CREDIT UNION ADMINISTRATION (NCUA), THE FEDERAL CREDIT UNION ACT, AND THE PROVISIONS OF THE CREDIT UNIONS CODE OF THE COMMONWEALTH OF PENNSYLVANIA (PA. C.S., TITLE 17, 101 ET SEQ.)"
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	THE CREDIT UNION IS OWNED BY ITS 55,965 MEMBERS.
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF MEMBERS TO THE CREDIT UNION'S BOARD OF DIRECTORS.
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	THE CREDIT UNION'S MEMBERS MUST APPROVE: -THE MERGER OF THE CREDIT UNION. -THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION. -CHANGES TO THE CREDIT UNION'S CHARTER, ARTICLES AND BYLAWS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE CREDIT UNION'S BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE IS PROVIDED WITH A COPY OF THE FORM 990 AT A MONTHLY BOARD MEETING PRIOR TO THE FILING OF THE RETURN. THE MEETING IS ATTENDED BY THE CREDIT UNION'S SENIOR MANAGEMENT.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SETTING CRITERIA FOR EVALUATING THE PERFORMANCE OF CEO AND COO. THE BOARD OF DIRECTORS USES 6 CRITERIA MEASURES: 1) SAFETY AND SOUNDNESS OF CU, 2) THOROUGH EVALUATION OF FULFILLMENT OF STRATEGIC PLAN, 3) CURRENT CREDIT UNION FINANCIAL REPORTS, 4) ADHERENCE TO APPROVED BUDGET, 5) BOARD/EXECUTIVE TEAM RELATIONSHIP AND 6) CURRENT C.A.M.E.L. SALARY BASES FOR THE CEO AND COO ARE BASED ON THE FOLLOWING SOURCES: THE CU USES AN INDEPENDENT NATIONAL PEER COMPARISON STUDY BY THE CREDIT UNION NATIONAL ASSOCIATION. THE COMPLETE SALARY SURVEY IS CALLED "CREDIT UNION STAFF SALARY SURVEY". A SECOND SURVEY IS ALSO USED FROM THE SAME SOURCE. HOWEVER, THIS SURVEY IS CUSTOMIZED TO THE GEOGRAPHIC AREA OF THE U.S. WHERE THE CU IS LOCATED. CRITERIA USED TO COMPLETE THE SURVEY IS AS FOLLOWS: SPECIFIC JOB TITLES AND POSITION DESCRIPTIONS, CREDIT UNION ASSET SIZE, NUMBER OF EMPLOYEES, FULL-TIME/PART-TIME EMPLOYEES, NUMBER OF SERVICES, NUMBER OF MEMBERS AND NUMBER OF BRANCHES. COMPARISON DATA INCLUDES AVERAGE WAGE FOR POSITION, 25 PERCENTILE WAGES, MEDIAN WAGES, AND 75 PERCENTILE WAGES. CU USES 75 PERCENTILE WAGES. THE DATA ALSO INCLUDES TRENDING OF BONUSES AND INCENTIVES PER POSITION.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	SALARY BASES FOR ALL EMPLOYEES EXCEPT FOR THE CEO AND COO ARE BASED ON THE FOLLOWING SOURCES: THE CU USES AN INDEPENDENT NATIONAL PEER COMPARISON STUDY BY THE CREDIT UNION NATIONAL ASSOCIATION. THE COMPLETE SALARY SURVEY IS CALLED "CREDIT UNION STAFF SALARY SURVEY". A SECOND SURVEY IS ALSO USED FROM THE SAME SOURCE. HOWEVER, THIS SURVEY IS CUSTOMIZED TO THE GEOGRAPHIC AREA OF THE U.S. WHERE THE CU IS LOCATED. CRITERIA USED TO COMPLETE THE SURVEY IS AS FOLLOWS: SPECIFIC JOB TITLES AND POSITION DESCRIPTIONS, CREDIT UNION ASSET SIZE, NUMBER OF EMPLOYEES, FULL-TIME/PART-TIME EMPLOYEES, NUMBER OF SERVICES, NUMBER OF MEMBERS AND NUMBER OF BRANCHES. COMPARISON DATA INCLUDES AVERAGE WAGE FOR POSITION, 25 PERCENTILE WAGES, MEDIAN WAGES, AND 75 PERCENTILE WAGES. CU USES 75 PERCENTILE WAGES. THE DATA ALSO INCLUDES TRENDING OF BONUSES AND INCENTIVES PER POSITION. THE ABOVE INFORMATION IS USED TO EVALUATE EACH POSITION WITHIN THE CREDIT UNION. THE AVP OF HR/TD MAKES RECOMMENDATIONS FOR ANY CHANGE IN SALARY IDENTIFIED THROUGH THE REVIEW. CEO AND COO GIVE FINAL APPROVAL FOR ANY CHANGES NEEDED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF ALL BRANCHES ON A MONTHLY BASIS. QUARTERLY FINANCIAL STATEMENTS (CALL REPORTS) ARE AVAILABLE ON WWW.NCUA.GOV.