Dec, 31, 2022 — HUDSON RIVER COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CORINTH, NY with 5 branch locations and about $329.10 million in total assets. Opened 69 years ago in 1954, HUDSON RIVER COMMUNITY CREDIT UNION has about 25,435 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HUDSON RIVER COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 3rd St CORINTH, NY 12822-1230 |
| Phone: | (518) 886-3400 |
| Fax: | |
| Website: | https://www.hrccu.org |
| Branches: | 5 branch locations |
| Members: | 25,435 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68342 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $329,095,232 |
| CEO/Manager: | Susan Commanda |
| Chairperson: | Charles Pasquarell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,536,990 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 158,627,791 |
| Unsecured Loans | 22,095,970 |
| Other Loans | 96,683,764 |
| TOTAL LOANS | 278,122,727 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,727,755 |
| Land And Building | 8,081,018 |
| Other Fixed Assets | 802,495 |
| NCUSIF Deposit | 2,650,066 |
| All Other Assets | 27,200 |
| TOTAL ASSETS | 329,095,232 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,077 |
| Notes & Interest Payable | 3,625,850 |
| Accounts Payable & Other Liabilities | 5,706,002 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,980,247 |
| Regular shares | 153,595,862 |
| All Other Shares & Deposits | 66,455,917 |
| TOTAL SHARES & DEPOSITS | 273,032,026 |
| TOTAL LIABILITIES | 282,386,955 |
| Regular Reserve | 0 |
| Other Reserves | 754,612 |
| Undivided Earnings | 45,953,665 |
| TOTAL EQUITY | 46,708,277 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 329,095,232 |
| INCOME & EXPENSE | |
| Loan Income | 8,793,309 |
| Investment Income | 220,055 |
| Other Income | 2,263,705 |
| Total Employee Compensation & Benefits | 4,597,358 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,312,362 |
| Non-operating Income & (Expense) | 679,885 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 296,508 |
| Cost of Funds | 578,918 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,046,354 |
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