Dec, 31, 2023 — HUDSON RIVER COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CORINTH, NY with 5 branch locations and about $336.05 million in total assets. Opened 70 years ago in 1954, HUDSON RIVER COMMUNITY CREDIT UNION has about 32,629 members and employs 76 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: | 32,629 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $336,051,394 |
| CEO/Manager: | Susan Commanda |
| Chairperson: | Charles Pasquarell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,266,625 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 160,262,979 |
| Unsecured Loans | 21,237,986 |
| Other Loans | 107,391,679 |
| TOTAL LOANS | 289,552,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,625,076 |
| Land And Building | 7,764,545 |
| Other Fixed Assets | 1,190,203 |
| NCUSIF Deposit | 2,604,831 |
| All Other Assets | 0 |
| TOTAL ASSETS | 336,051,394 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 616,699 |
| Notes & Interest Payable | 15,686,000 |
| Accounts Payable & Other Liabilities | 2,622,814 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,713,860 |
| Regular shares | 127,432,697 |
| All Other Shares & Deposits | 83,543,393 |
| TOTAL SHARES & DEPOSITS | 267,689,951 |
| TOTAL LIABILITIES | 286,617,781 |
| Regular Reserve | 0 |
| Other Reserves | 910,587 |
| Undivided Earnings | 48,523,026 |
| TOTAL EQUITY | 49,433,613 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 336,051,394 |
| INCOME & EXPENSE | |
| Loan Income | 13,223,777 |
| Investment Income | 676,598 |
| Other Income | 2,622,946 |
| Total Employee Compensation & Benefits | 7,410,968 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,470,747 |
| Non-operating Income & (Expense) | 174,785 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 594,344 |
| Cost of Funds | 2,609,198 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,013,006 |
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