TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201641329349303569 - Submission: 2016-05-11 TIN: 02-0272024

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

HOLY ROSARY REGIONAL CREDIT UNION

Employer identification number

02-0272024

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL.
FORM 990, PART VI, SECTION A, LINE 7A	EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B	ANY CHANGES TO THE INCORPORATING DOCUMENTS I.E. BYLAWS, ARE APPROVED BY THE MEMBERSHIP.
FORM 990, PART VI, SECTION B, LINE 11	THE CFO REVIEWS THE 990 ON BEHALF OF THE AUDIT COMMITTEE AND THEN THE FULL BOARD IS PROVIDED WITH A COPY SUBSEQUENT TO IT BEING FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	KEY EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO DISCLOSE INFORMATION DIRECTLY TO HUMAN RESOURCES THAT COULD BE QUESTIONABLE. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND APPROVED ANNUALLY AT WHICH TIME EMPLOYEES ARE REQUIRED TO READ AND ACKNOWLEDGE THEIR UNDERSTANDING.
FORM 990, PART VI, SECTION B, LINE 15	THE CREDIT UNION GATHERS SALARY SURVEY DATA FROM THIRD PARTY VENDORS AND ESTABLISHES SALARY RANGES FOR EACH POSITION. THE PRESIDENT & CEO SALARY IS REVIEWED BY THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. STAFF SALARY INCREASES ARE BASED ON PERFORMANCE APPRAISALS, GOALS AND CREDIT UNION PERFORMANCE.
FORM 990, PART VI, SECTION C, LINE 19	A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE ARE AT ALL BRANCHES AND TO MEMBERS WHO ATTEND THE ANNUAL MEETING. OTHER INFORMATION IS AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 24E	COMMUNICATIONS 150,732. EQUIPMENT MAINTENANCE 93,347. CHARITABLE CONTRIBUTIONS 75,250. CREDIT REPORTS 44,237. BANK FEES 39,698. EDUCATION & TRAINING 38,770. DUES AND SUBSCRIPTIONS 35,076. SHARE DRAFT EXPENSE 26,884. STATE ASSESSMENT 24,504. BUSINESS DEVELOPMENT 12,580. MEMBER APPRECIATION 6,556. MEMBER EDUCATION 4,311. MISCELLANEOUS 1,353.
FORM 990, PART XI, LINE 9:	CHANGE IN FAS115 9,422.
FORM 990, PART XII, LINE 2C:	AUDITED FINANCIALS ARE PREPARED BY AN OUTSIDE FIRM AS OF JUNE 30TH AND THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES	CHANGE IN FAS115- UNREALIZED GAIN/LOSS = $9,422.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

PERSONS WHO MEET THE REQUIREMENTS OF THE ORGANIZATION'S FIELD OF MEMBERSHIP WHO HOLD AT LEAST ONE SHARE OF THE CAPITAL.

FORM 990, PART VI, SECTION A, LINE 7A

EACH MEMBER HAS A VOTE AT THE ELECTION OF THE BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION A, LINE 7B

ANY CHANGES TO THE INCORPORATING DOCUMENTS I.E. BYLAWS, ARE APPROVED BY THE MEMBERSHIP.

FORM 990, PART VI, SECTION B, LINE 11

THE CFO REVIEWS THE 990 ON BEHALF OF THE AUDIT COMMITTEE AND THEN THE FULL BOARD IS PROVIDED WITH A COPY SUBSEQUENT TO IT BEING FILED WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

KEY EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO DISCLOSE INFORMATION DIRECTLY TO HUMAN RESOURCES THAT COULD BE QUESTIONABLE. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND APPROVED ANNUALLY AT WHICH TIME EMPLOYEES ARE REQUIRED TO READ AND ACKNOWLEDGE THEIR UNDERSTANDING.

FORM 990, PART VI, SECTION B, LINE 15

THE CREDIT UNION GATHERS SALARY SURVEY DATA FROM THIRD PARTY VENDORS AND ESTABLISHES SALARY RANGES FOR EACH POSITION. THE PRESIDENT & CEO SALARY IS REVIEWED BY THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE. STAFF SALARY INCREASES ARE BASED ON PERFORMANCE APPRAISALS, GOALS AND CREDIT UNION PERFORMANCE.

FORM 990, PART VI, SECTION C, LINE 19

A FINANCIAL STATEMENT SUMMARY IS POSTED IN THE VESTIBULE ARE AT ALL BRANCHES AND TO MEMBERS WHO ATTEND THE ANNUAL MEETING. OTHER INFORMATION IS AVAILABLE UPON REQUEST.

FORM 990, PART IX, LINE 24E

COMMUNICATIONS 150,732. EQUIPMENT MAINTENANCE 93,347. CHARITABLE CONTRIBUTIONS 75,250. CREDIT REPORTS 44,237. BANK FEES 39,698. EDUCATION & TRAINING 38,770. DUES AND SUBSCRIPTIONS 35,076. SHARE DRAFT EXPENSE 26,884. STATE ASSESSMENT 24,504. BUSINESS DEVELOPMENT 12,580. MEMBER APPRECIATION 6,556. MEMBER EDUCATION 4,311. MISCELLANEOUS 1,353.

FORM 990, PART XI, LINE 9:

CHANGE IN FAS115 9,422.

FORM 990, PART XII, LINE 2C:

AUDITED FINANCIALS ARE PREPARED BY AN OUTSIDE FIRM AS OF JUNE 30TH AND THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.

FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES

CHANGE IN FAS115- UNREALIZED GAIN/LOSS = $9,422.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

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