2012-11-14T15:13:25-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2011-01-01 020240752 SERVICE CREDIT UNION SERV 6034228300 2010 LAFAYETTE ROAD PORTSMOUTH NH 03801 GORDON A SIMMONS 6034228300 2012-11-13 1 JANIS ISAACSON P00089104 6022662248 2011 2016-02-24 21:20:13Z GORDON A SIMMONS 2010 LAFAYETTE ROAD PORTSMOUTH NH 03801 132358469 0 X WWW.SERVICECU.ORG X 1957 NH CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 6 5 790 16 2070482 153041 0 0 122351759 132358469 0 0 0 0 122351759 132358469 0 0 0 0 31840299 34696377 0 0 0 64718729 65688701 96559028 100385078 25792731 31973391 1747812577 1979083679 1532686822 1733533638 215125755 245550041 CREDIT UNION OPERATED WITHOUT PROFIT FOR MUTUAL PURPOSES. 0 0 OUR THREE LARGEST PROGRAMS BY EXPENSES ARE CDS, SHARE ACCOUNTS, AND MONEY MARKETS. THERE ARE NO REVENUE SOURCES ASSOCIATED WITH THESE EXPENSES. FOR 2011 EXPENSES WERE $9,753,626, $2,342,981 AND $1,342,189 RESPECTIVELY. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50781 0 1 790 1 1 1 1 GM 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X SCOTT WENSLEY 6034228380 2010 LAFAYETTE ROAD PORTSMOUTH NH 03801 GORDON SIMMONS 64.00 X X 990743 0 1360348 DAVID HANCHETT 8.00 X 1116 0 0 BARBARA ROBERGE 8.00 X 8877 0 0 DAVID VAN ROSSUM 8.00 X 6453 0 0 CLIFFORD TAYLOR 8.00 X 13483 0 0 JOANNE WHITING 8.00 X 14224 0 0 WILLIAM NEWMAN 54.00 X 432304 0 317357 SCOTT WENSLEY 45.00 X 316573 0 116854 WILLIAM ARNOLD 45.00 X 251302 0 54609 PATRICK HARRIGAN 45.00 X 186878 0 38572 FRED CURLEY 45.00 X 252251 0 97590 FAWN TERWILLIGER 45.00 X 242145 0 70438 DAN CLARKE 45.00 X 238887 0 39603 KAREN BENEDETTI 45.00 X 224744 0 68013 PHILLIP VON STREICHER 45.00 X 187153 0 80484 MICHAEL BERGERON 45.00 X 156065 0 50655 THOMAS JOYCE 45.00 X 214845 0 59372 WILLIAM STRAND 45.00 X 151040 0 58796 JOHN SIPP 45.00 X 133345 0 50802 MICHEAL PORTER 45.00 X 137955 0 40614 ANA FORET 45.00 X 145488 0 36346 JOSE RIVERA-HERNANDEZ 45.00 X 123283 0 19929 LAWRENCE STUKER 45.00 X 103256 0 31406 4532410 0 2591788 18 0 1 0 SUFFOLK CONSTRUCTION 65 ALLERTON STREET BOSTON MA 02119 CONSTRUCTION OF NEW CORPORATE HEADQUARTE 12542771 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 900516606 INTUIT PROVIDES OUR HOME BANKING AND ONL 2481935 GUND PARTNERSHIP 47 THORNDIKE STREET CAMBRIDGE MA 02141 ARCHITECTURAL AND DESIGN SERVICES 1439664 KEENAN AND ASSOCIATES 7 ROSE LANE ATKINSON NH 03811 CONSTRUCTION AND RENOVATION OF EXISTING 743763 REWARDSNOW 383 CENTRAL AVE SUITE 350 DOVER NH 03820 PROVIDES REWARDS PROGRAM FOR CERTAIN DEB 713283 44 PROGRAM SERVICE REVENU 522100 130287987 130287987 UNRELATED BUSINESS INC 900099 2070482 2070482 132358469 132358469 130287987 2070482 0 7124198 17302452 2533585 5868596 1867546 61983 3685825 563410 2182428 363092 15938 20530270 3011352 378352 OPERATIONS 34896051 100385078 14685677 15825281 210798407 308821385 25565866 16507596 1208034213 1307467520 1932798 2487361 60360630 23701540 34137856 36659090 211243089 233247569 124197 0 41290474 58067877 1747812577 1979083679 35439986 50031325 161036688 153878388 1336210148 1529623925 1532686822 1733533638 X 0 0 0 0 215125755 245550041 215125755 245550041 1747812577 1979083679 X 31973391 -1549105 X X 0 1 1 X 0 11618971 11618971 22498866 6466797 16032069 6170018 3572467 2597551 20072775 13662276 6410499 36659090 SECURITIES AND OTHER INVESTMENTS 233247569 F 233247569 IRA CERTIFICATES 66153984 OTHER CERTIFICATES 587592580 SHARE ACCOUNTS 875877361 1529623925 X X X 1 1 X X X X X X 0 1 0 GORDON SIMMONS 611856 0 346560 0 32327 0 1348388 0 11960 0 2351091 0 0 0 WILLIAM NEWMAN 297747 0 131302 0 3255 0 305397 0 11960 0 749661 0 0 0 SCOTT WENSLEY 229938 0 84190 0 2445 0 104894 0 11960 0 433427 0 0 0 WILLIAM ARNOLD 186945 0 63419 0 938 0 38449 0 16160 0 305911 0 0 0 PATRICK HARRIGAN 150017 0 36126 0 735 0 22412 0 16160 0 225450 0 0 0 FRED CURLEY 203826 0 45653 0 2772 0 81430 0 16160 0 349841 0 0 0 FAWN TERWILLIGER 186484 0 53956 0 1705 0 58478 0 11960 0 312583 0 0 0 DAN CLARKE 165691 0 70339 0 2857 0 38603 0 1000 0 278490 0 0 0 KAREN BENEDETTI 155948 0 68026 0 770 0 51853 0 16160 0 292757 0 0 0 PHILLIP VON STREICHER 154456 0 28755 0 3942 0 68524 0 11960 0 267637 0 0 0 MICHAEL BERGERON 123091 0 32385 0 589 0 34495 0 16160 0 206720 0 0 0 THOMAS JOYCE 190412 0 16077 0 8356 0 58372 0 1000 0 274217 0 0 0 WILLIAM STRAND 135813 0 14039 0 1188 0 47171 0 11625 0 209836 0 0 0 JOHN SIPP 133345 0 0 0 0 0 34642 0 16160 0 184147 0 0 0 MICHEAL PORTER 137955 0 0 0 0 0 34793 0 5821 0 178569 0 0 0 ANA FORET 145488 0 0 0 0 0 20186 0 16160 0 181834 0 0 0 PART I, LINE 4B GORDON SIMMONS $1,320,000 - SERP EXPENSE SCOTT WENSLEY $59,113 - SERP EXPENSE WILLIAM NEWMAN $231,660 - SERP EXPENSE RICHARD TOLLE $1,482,682 - SERP DISTRIBUTION PHILLIP VON STREICHER $-12,430 - SERP EXPENSE FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A A MEETING OPEN TO ALL MEMBERS IS HELD EACH SPRING WHERE ALL MEMBERS HAVE THE OPPORTUNITY TO VOTE ON CANDIDATES FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE ASSISTANT VICE PRESIDENT FINANCE, CFO, AND CEO PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C VOLUNTEERS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE GATHERS DATA FROM OUTSIDE SOURCES AND REVIEWS SURVEY AND OTHER DATA. FORM 990, PART VI, SECTION C, LINE 19 SERVICE CREDIT UNION'S FINANCIALS ARE PROVIDED MONTHLY FOR ALL MEMBERS BY BEING POSTED IN EACH BRANCH LOCATION. OUR ANNUAL REPORT IS DISTRIBUTED TO ALL ATTENDEES AT THE ANNUAL MEETING, PROVIDED IN EACH BRANCH LOCATION, AND IS ALSO POSTED ON OUR WEBSITE. MEMBERS HAVE THE RIGHT TO REQUEST AND RECEIVE PERTINENT DOCUMENTATION AS DEMANDED. SERVICE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE AND AS SUCH PERTINENT BUSINESS DOCUMENTATION IS ALWAYS PROVIDED AS REQUESTED BY MEMBERS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: OTHER COMPREHENSIVE INCOME -2,929,682. UNREALIZED GAIN/LOSS ON AVAILIBLE FOR SALE SECURITIES -1,899,616. NET CHANGE IN REGULAR RESERVE 793,016. OTHER CHANGE IN NET ASSETS 2,487,177. TOTAL TO FORM 990, PART XI, LINE 5: -1,549,105. FORM 990, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE OVERSEES THE AUDITED FINANCIAL STATEMENTS.