2026-05-14T08:27:10-05:00 2025-12-31 161148763 FIRLEY MORAN FREER & EASSA CPA PC 125 EAST JEFFERSON STREET SUITE 920 SYRACUSE NY 13202 990 2025-01-01 141407718 HUDSON RIVER COMMUNITY CREDIT UNION HUDS 5188863400 ONE THIRD STREET CORINTH NY 12822 CHARLES PASQUARELL PRESIDENT 5188863400 2026-05-15 1 JAMES J CORCORAN CPA P00541593 3154727045 2026-05-04 2025 2025-03-06 01:10:19Z CHARLES PASQUARELL ONE THIRD STREET CORINTH NY 12822 22706114 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 BY PROVIDING QUALITY FINANCIAL SERVICES WITH THE BEST OVERALL VALUE. 7 7 90 13 244372 7805 0 0 14390638 15008145 1324940 1211909 6063934 5981648 21779512 22201702 296397 92123 0 0 8066125 8349957 0 0 0 11194046 11841182 19556568 20283262 2222944 1918440 329953642 358544537 278308165 304943659 51645477 53600878 THE PURPOSE OF HUDSON RIVER COMMUNITY CREDIT UNION IS TO PROVIDE QUALITY SERVICES AND PROMOTE THE FINANCIAL WELL-BEING OF ITS MEMBERS AND THEIR FAMILIES. 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 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 ACCOMPLISH ITS MISSION. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 39 0 1 90 1 1 1 0 0 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 KACIE KENYON CPA 5187414955 ONE THIRD STREET CORINTH NY 12822 CAROL ANN PACCO-LONG TREASURER & DIRECTOR 2.00 X X 0 0 0 CHARLES PASQUARELL PRESIDENT & DIRECTOR 2.00 X X 0 0 0 STUART FIELD DIRECTOR 2.00 X 0 0 0 DENISE WILLIAMS DIRECTOR 2.00 X 0 0 0 THOMAS UNCHER SECRETARY & DIRECTOR 2.00 X X 0 0 0 DINO ROSATI VICE PRESIDENT & DIRECTOR 2.00 X X 0 0 0 ALVEY HARRISON DIRECTOR 2.00 X 0 0 0 SUSAN COMMANDA CEO 40.00 X 444293 0 63622 LORRAINE MAROLA EVP 40.00 X 338861 0 75289 PAULA SHEELY CRO 40.00 X 191058 0 53137 ROBERT GERBER CIO 40.00 X 172620 0 50063 JAMES HOLMES VP FINANCE & GROWTH 40.00 X 145630 0 13244 KACIE KENYON CONTROLLER 40.00 X 142815 0 16342 MELISSE ROBINSON VP OF HR 40.00 X 141527 0 43776 JOSEPH KORSZUM DIRECTOR OF BUSINESS INTELLIGENCE 40.00 X 124556 0 672 1701360 0 316145 14 0 1 0 MUNTER 14 SOUTH HUNT ROAD AMESBURY MA 01913 FACILITIES 1292347 FISERV INC PO BOX 934057 ATLANTA GA 311934057 DATA PROCESSING 953368 COCC INC 100 EXECUTIVE BLVD SOUTHINGTON CT 064891040 DATA PROCESSING 787279 LEE & MASON FINANCIAL SERVICES PO BOX 270 NORTHVILLE NY 12134 LENDING 490862 CONVERGINT 14 PETRA LANE ALBANY NY 12205 DATA PROCESSING 234681 12 LOAN INTEREST RECEIVED 522100 15008145 15008145 15008145 1716321 1716321 504412 -504412 -504412 -504412 FEE INCOME 522100 5521142 5521142 OTHER OPERATING INCOME 522100 404396 185206 219190 NON-MEMBER ATM FEES 522100 56110 30928 25182 5981648 22201702 20745421 244372 1211909 87123 5000 974213 5556630 456864 888550 473700 162963 410819 334144 1511603 621350 44063 18411 4041294 727263 109620 STATE TAXES 262 OFFICE OPERATIONS 2339056 PROVISION FOR LEASE/LOA 1164961 LOAN SERVICING 263523 91850 20283262 3485932 2999277 18495897 48254138 3843204 3902420 275371340 277631340 14370385 4722793 9155161 9647592 1456338 1496868 18145770 14612902 329953642 358544537 3782391 3844790 1790133 1696775 272735641 299402094 278308165 304943659 X 51645477 53600878 51645477 53600878 329953642 358544537 1918440 36961 0 X X 0 1 X 1 0 0 1 X 1358800 1358800 8210037 3028485 5181552 1148041 470221 677820 1899607 1224087 675520 1753900 1753900 9647592 MEMBER SHARES & DEPOSITS LESS ESCROW 299402094 299402094 X 22201702 0 22201702 0 22201702 20283262 0 20283262 0 20283262 PART IV, LINE 2B: HRCCU SERVICES MORTGAGE ESCROW ACCOUNTS FOR MEMBERS AND HAS THE AUTHORITY TO MAKE PAYMENTS FOR PROPERTY TAXES, HOMEOWNERS INSURANCE AND OTHER EXPENSES FROM THOSE ACCOUNTS. 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 CONSOLIDATED FINANCIAL STATEMENTS ATTRIBUTABLE TO THIS FASB ASC FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. THE CREDIT UNION IS POTENTIALLY SUBJECT TO UNRELATED BUSINESS INCOME TAX EXAMINATIONS FOR ITS U.S. FEDERAL AND STATE INCOME TAXES FOR THE YEARS 2022 THROUGH 2025. 1 HUDSON RIVER MILL MUSEUM 17 PINE STREET CORINTH NY 12822 822975497 501(C)(3) 10002 0 FMV RESTORATION GLENS FALLS YOUTH CENTER 60 MONTCALM STREET GLENS FALLS NY 12801 141505150 501(C)(3) 30000 0 FMV DONATION TO CAPITAL CAMPAIGN AND FOOD PROGRAM SARATOGA REGIONAL YMCA 290 WEST AVE SARATOGA SPRINGS NY 12866 141427442 501(C)(3) 20000 0 FMV GENERAL DONATION AND YMCA SCHOLARSHIPS ACCRUAL FOR 2026 PLANNED DONATIONS AND REFUND OF CORINTH FIRE DEPT DONATION 501(C)(3) 13500 0 FMV GENERAL DONATIONS 4 X X X X 0 1 0 SUSAN COMMANDA CEO 377446 0 60000 0 6847 0 34549 0 29073 0 507915 0 0 0 LORRAINE MAROLA EVP 282816 0 53634 0 2411 0 27910 0 47379 0 414150 0 0 0 PAULA SHEELY CRO 180530 0 8849 0 1679 0 18478 0 34659 0 244195 0 0 0 ROBERT GERBER CIO 155415 0 15530 0 1675 0 16428 0 33635 0 222683 0 0 0 MELISSE ROBINSON VP OF HR 123111 0 17378 0 1038 0 13206 0 30570 0 185303 0 0 0 KACIE KENYON CONTROLLER 125303 0 17277 0 235 0 12459 0 3883 0 159157 0 0 0 JAMES HOLMES VP FINANCE & GROWTH 127349 0 17270 0 1011 0 12455 0 789 0 158874 0 0 0 SCHEDULE J, PART I, 4B ON JUNE 1, 2020 HUDSON RIVER COMMUNITY CREDIT UNION ENTERED IN TO A SPLIT DOLLAR LOAN AGREEMENT WITH SUSAN COMMANDA, CEO. THE FUNDING AMOUNT WAS $2,100,000 AND THE INTEREST ACCRUES AT AN ANNUAL RATE OF 1.01%. DURING 2025 HUDSON RIVER COMMUNITY CREDIT UNION PAID $300,000 PREMIUM AND THE LOAN ACCRUED $22,200 IN INTEREST. ON APRIL 25, 2022 HUDSON RIVER COMMUNITY CREDIT UNION ENTERED IN TO A SPLIT DOLLAR LOAN AGREEMENT WITH LORRAINE MAROLA, EVP. THE FUNDING AMOUNT WAS $1,550,000 AND THE INTEREST ACCRUES AT AN ANNUAL RATE OF 2.25%. DURING 2025 HUDSON RIVER COMMUNITY CREDIT UNION PAID $221,429 PREMIUM AND THE LOAN ACCRUED $37,015 IN INTEREST. SUSAN COMMANDA CEO SPLIT DOLLAR LIFE INSURANCE X 2100000 2220285 0 1 1 LORRAINE MAROLA EVP SPLIT DOLLAR LIFE INSURANCE X 1550000 1682135 0 1 1 3902420 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 11B PRIOR TO FILING, THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER (CFO). 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. RMS AND HRCCU INSURANCE AGENCY HAVE SIMILAR POLICIES. FORM 990, PART VI, SECTION B, LINE 15 HRN MANAGEMENT SALARY RANGES ARE USED WHICH ARE BASED ON A VARIETY OF SURVEY DATA AND ARE UPDATED ANNUALLY. THE BOARD REVIEWS SALARY DATA ANNUALLY AS PART OF THE BUDGET PROCESS. THE BOARD SETS THE CEO'S SALARY AS A SEPARATE ITEM OUTSIDE OF THE SOFTWARE. THEY ALSO SET THE SALARY MATRIX USED IN THE ANNUAL INCREMENT FOR ALL STAFF IN THE BUDGET PROCESS AS WELL. THE SALARY POLICY DICTATES THE SOFTWARE COMPEASE AND SALARY REVIEW IS PERFORMED ANNUALLY ON ALL STAFF POSITIONS. 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. FORM 990, PART XII, LINE 2C: NO CHANGES TO PROCESS RIVERSIDE MANAGED SERVICES LLC ONE THIRD STREET CORINTH NY 12822 831958517 CUSO NY 44091 235707 HUDSON RIVER COMMUNITY CREDIT UNION HRCCU INSURANCE AGENCY LLC ONE THIRD STREET CORINTH NY 12822 862305730 CUSO NY -25025 126617 HUDSON RIVER COMMUNITY CREDIT UNION