2011-11-15T12:41:52-06:00 2010-12-31 FIRLEY MORAN FREER & EASSA PC 5010 CAMPUSWOOD DR E SYRACUSE NY 13057 990 2010-01-01 150574036 CFCU COMMUNITY CREDIT UNION CFCU 6072578500 1030 CRAFT ROAD ITHACA NY 14850 PAUL J KIRK 6072578500 2011-11-15 1 TAMMY L TRIPPANY 3154727045 2010 2016-03-07 17:11:31Z ROBERT O WITTY 1030 CRAFT ROAD ITHACA NY 14850 35180662 0 X N/A X 1953 NY WE ARE A FULL SERVICE FINANCIAL INSTITUTION PROVIDING FINANCIAL AND BANKING SERVICES TO 57,309 MEMBERS. THE CREDIT UNION OFFERS SAVINGS, CHECKING, MONEY MARKET AND CERTIFICATE SHARE ACCOUNTS AS WELL AS 1ST & 2ND MORTGAGES, AUTO, UNSECURED, AND MEMBER BUSINESS LOANS. 9 9 180 12 843617 -15362 0 0 20004572 19396231 3587781 3187965 7156700 7015490 30749053 29599686 0 0 0 0 7387560 7639067 0 0 0 17017676 18035785 24405236 25674852 6343817 3924834 629421264 729186996 543600970 639827751 85820294 89359245 X TO PROVIDE THE HIGHEST LEVEL OF PERSONAL FINANCIAL SERVICES IN A FRIENDLY, PROFESSIONAL MANNER; TO ENCOURAGE THRIFT, SAVINGS AND THE WISE USE OF CREDIT; TO INCREASE THE KNOWLEDGE AND ABILITY OF OUR MEMBERS TO MANAGE AND CONTROL THEIR FINANCIAL WELL-BEING; TO PROVIDE SOUND FINANCIAL MANAGEMENT IN ORDER TO MAINTAIN EARNINGS FOR OUR CONTINUED GROWTH AND TO PROVIDE OUR EMPLOYEES WITH A CHALLENGING AND REWARDING CAREER. 0 0 PROVIDE FINANCIAL AND BANKING SERVICES TO 57,309 MEMBERS. THE CREDIT UNION OFFERS SAVINGS, CHECKING, MONEY MARKET AND CERTIFICATE SHARE ACCOUNTS AS WELL AS 1ST & 2ND MORTGAGES, AUTO, AND UNSECURED LOAN PRODUCTS TO ITS MEMBERS. THE CREDIT UNION OFFERS THESE PRODUCTS AND SERVICES THROUGH BRANCHES, ON-LINE BANKING, CALL CENTER, AND ATMS. 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 1 180 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 0 1 1 1 1 0 X PAUL KIRK 6072578500 1030 CRAFT ROAD ITHACA NY 14850 SUSAN T SCHATTSCHNEIDER 2.00 X 0 0 0 ROBERT A CREE 2.00 X X 0 0 0 JOSEPH H DURING JR 2.00 X X 0 0 0 SANDY A DRUMLUK 2.00 X 0 0 0 JAMES G HENION 2.00 X 0 0 0 TONY CAUDILL 2.00 X 0 0 0 JAMES PLACE 2.00 X X 0 0 0 AMY GONZALEZ 2.00 X 0 0 0 ROBERT O WITTY 40.00 X X 267689 0 0 PAUL J KIRK 40.00 X 107206 0 0 SUSAN MURPHY 2.00 X 0 0 0 MARTHA PRESTON 40.00 X 125147 0 0 WILLIAM CRANE 40.00 X 137377 0 0 JILL CICCONE 40.00 X 110239 0 0 EILEEN COVEY 40.00 X 109744 0 0 BETH PUTNAM 40.00 X 110795 0 0 968197 0 0 8 0 1 0 FISERV INC 75 REMITTANCE DRIVE SUITE 6974 CHICAGO IL 606756974 CORE PROCESSOR 759063 IMMEDIATE MAILING SERVICE 245 COMMERCIAL BLVD LIVERPOOL NY 13088 MAIL SERVICE PROVIDER 450484 FRED RIGER ADVERTISING PO BOX 1623 BINGHAMTON NY 139021623 MARKETING FIRM 315337 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURGH PA 152643543 ATM SERVICER 177268 CUNA MUTUAL BOX 2964 MILWAUKEE WI 532012964 BONDING AGENCY 176965 6 LOAN INTEREST PAID BY 522100 18683352 18683352 OTHER SERVICE FEES PAI 522100 712879 712879 19396231 3005233 3005233 5763708 5555006 25970 208702 -25970 182732 182732 LOAN SERVICE FEES 522100 4882834 4882834 GAIN ON SALE OF LOANS 522100 1289039 1289039 CREDIT, LIFE & DISABIL 522100 634694 634694 208923 208923 7015490 29599686 28756069 843617 0 374895 5575689 560704 667776 460003 166144 392700 599470 760512 480696 22298 38711 8880600 472547 UNRELATED BUSINESS INCO 108137 ATM/CREDIT CARD EXP 2208571 NCUSIF PREMIUM ASSESSME 1375141 MEMBERSHIP SERVICES 857827 EQUIPMENT RENTAL & MAIN 849447 822984 25674852 18707018 11721118 109149090 118587878 343686152 349330744 3192128 3436343 16029768 8320065 8071696 7709703 146615180 238401210 629421264 729186996 2516467 2393860 2674888 3054350 538409615 634379541 543600970 639827751 X 0 0 15582928 15582928 70237366 73776317 85820294 89359245 629421264 729186996 X 3924834 -385883 X X 0 1 1 X 0 0 1 1630163 1630163 7735062 3223845 4511217 1911143 1042708 868435 4062617 3673971 388646 690783 379541 311242 7709703 DEPOSITS AT CORPORATE CREDIT UNION 232446703 C NCUSIF DEPOSIT 5494382 C INVESTMENT IN SUBSIDIARY 257730 C DUE FROM SUBSIDIARY 202395 C 238401210 MEMBERS SHARE ACCOUNTS 634379541 634379541 29599686 25674852 3924834 -385883 -385883 3538951 29301226 0 29301226 298460 298460 29599686 25376392 0 25376392 298460 298460 25674852 PART IV, LINE 2B: THE ORGANIZATION HOLD ESCROW ACCOUNTS FOR MORTGAGE LOANS ON THEIR BALANCE SHEET. THESE ACCOUNTS ARE PAID DIVIDENDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JANUARY 1, 2009, THE CREDIT UNION ADOPTED FINANCIAL ACCOUNTING STANDARDS CODIFICATION TOPIC (FASB ASC) 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THERE WAS NO IMPACT TO THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS ATTRIBUTABLE TO THE ADOPTION OF THE STANDARD. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACCUMULATED OTHER COMPREHENSIVE (INCOME) LOSS -385,883. PART XII, LINE 4B - OTHER ADJUSTMENTS: CUNA REBATE (NETTED ON FINANCIAL STATEMENTS) 298,460. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CUNA REBATE (NETTED ON FINANCIAL STATEMENTS) 298,460. X X 0 0 0 ROBERT O WITTY 240229 0 0 0 27460 0 0 0 0 0 267689 0 0 0 PAUL KIRK MORTGAGE X 221600 221993 0 1 1 PAUL KIRK VISA X 7500 4398 0 1 1 JOSEPH DURING JR MORTGAGE X 110000 78597 0 1 1 JOSEPH DURING JR 2ND MORTGAGE X 50000 39800 0 1 1 BRIAN OURSLER MORTGAGE X 85000 78900 0 1 1 JAMES PLACE VISA X 20000 3111 0 1 1 BETH PUTNAM MORTGAGE X 36000 25143 0 1 1 BETH PUTNAM 2ND MORTGAGE X 30000 4951 0 1 1 BETH PUTNAM VISA X 7500 147 0 1 1 JILL CICCONE MORTGAGE X 64474 34508 0 1 1 JILL CICCONE 2ND MORTGAGE X 35000 20932 0 1 1 JILL CICCONE VISA X 7000 91 0 1 1 JOSEPH DURING MORTGAGE X 110000 84871 0 1 1 JAMES HENION VISA X 9000 402 0 1 1 JAMES HENION MORTGAGE (REVOLVING) X 75000 9988 0 1 1 SUSAN SCHATTSCHNEIDER MORTGAGE X 150000 140291 0 1 1 SUSAN SCHATTSCHNEIDER 2ND MORTGAGE X 35000 31367 0 1 1 ROBERT CREE MORTGAGE X 150000 147967 0 1 1 ROBERT CREE MORTGAGE X 302000 297831 0 1 1 AMY GONZALEZ MORTGAGE X 135000 132868 0 1 1 AMY GONZALEZ AUTO X 28188 27052 0 1 1 SANDY DRUMLUK MORTGAGE X 139200 133729 0 1 1 SANDY DRUMLUK AUTO X 15542 6766 0 1 1 SANDY DRUMLUK SIGNATURE X 3029 850 0 1 1 1526553 FORM 990, PART VI, SECTION A, LINE 6 WE ARE A CREDIT UNION WITH MEMBERS. THERE AREN'T DIFFERENT CLASSES OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EVERY MEMBER IS ENTITLED TO ONE VOTE (REGARDLESS OF THE NUMBER OF SHARES THEY OWN) PROVIDED THAT THEY HAVE AT LEAST A $5 SHARE, DO NOT HAVE ANY PAST DUE LOANS, OR HAVE NOT CAUSED THE CREDIT UNION A LOSS. NO MEMBER IS PERMITTED MORE THAN ONE VOTE. FORM 990, PART VI, SECTION B, LINE 11 NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS SET ANNUALLY BY THE BOARD OF DIRECTORS. THEY UTILIZE A COMPENSATION SURVEY AND A SALARY RANGE PROVIDED BY A THIRD PARTY VENDOR AS TOOLS TO DETERMINE THE SALARY. THE COMPENSATION OF OTHER KEY EMPLOYEES IS SET BY THE CEO. THE CEO USES SALARY RANGES PROVIDED BY A THIRD PARTY TO DETERMINE THESE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 OUR BALANCE SHEET IS POSTED MONTHLY IN THE LOBBY OF EACH BRANCH LOCATION. THE MINUTES TO OUR BOARD OF DIRECTORS MEETINGS AND BYLAWS ARE AVAILABLE FOR REVIEW UPON REQUEST IN OUR MAIN OFFICE (THE DOCUMENTS MUST BE REVIEWED ON-SITE). WE ALSO FILE A QUARTERLY CALL REPORT WITH NCUA WITH DETAILED FINANCIAL AND MISCELLANEOUS INFORMATION WHICH IS AVAILABLE TO THE GENERAL PUBLIC AT WWW.NCUA.GOV. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ACCUMULATED OTHER COMPREHENSIVE (INCOME) LOSS -385,883. TOTAL TO FORM 990, PART XI, LINE 5: -385,883. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. CFCU FINANCIAL SERVICES INC 1030 CRAFT ROAD ITHACA NY 14850 161485702 AUTO LEASING NY CFCU COMMUNITY CREDIT UNION C -31579 461937 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CFCU FINANCIAL SERVICES INC A 24824 FAIR MARKET VALUE