Civic Intelligence

Holy Rosary Credit Union

EIN 02-0272024 • 501(c)14 • Rochester, NH

Profile

To be a responsible, community-focused organization members can trust to help them achieve their financial goals by demonstrating compassion, embracing innovation, remaining flexible and delivering exceptional service

133 Brock StreetRochester, NH 03867

hrcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.91x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

16.49x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

61st percentile

4.1%

Faster asset growth than 61% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$441,131,635

Up $17,310,115 (+4.1%) from 2023

Liabilities

Up

$402,637,899

Up $11,683,085 (+3.0%) from 2023

Net Assets

Up

$38,493,736

Up $5,627,030 (+17%) from 2023

Revenue

Up

$24,414,908

Up $3,798,911 (+18%) from 2023

Expenses

Up

$20,590,366

Up $2,976,962 (+17%) from 2023

Net Income

Up

$3,824,542

Up $821,949 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $162,995,633Liabilities 2010: $149,725,097Net Assets 2010: $13,270,5362010Assets 2011: $172,330,407Liabilities 2011: $157,757,001Net Assets 2011: $14,573,4062011Assets 2012: $184,614,229Liabilities 2012: $168,604,780Net Assets 2012: $16,009,4492012Assets 2013: $193,202,026Liabilities 2013: $175,969,618Net Assets 2013: $17,232,4082013Assets 2014: $206,230,773Liabilities 2014: $187,645,695Net Assets 2014: $18,585,0782014Assets 2015: $223,292,265Liabilities 2015: $202,843,894Net Assets 2015: $20,448,3712015Assets 2016: $247,756,729Liabilities 2016: $225,296,718Net Assets 2016: $22,460,0112016Assets 2017: $265,059,043Liabilities 2017: $240,787,074Net Assets 2017: $24,271,9692017Assets 2018: $281,975,528Liabilities 2018: $256,052,435Net Assets 2018: $25,923,0932018Assets 2019: $309,146,063Liabilities 2019: $281,776,454Net Assets 2019: $27,369,6092019Assets 2020: $336,061,351Liabilities 2020: $307,931,726Net Assets 2020: $28,129,6252020Assets 2021: $399,129,935Liabilities 2021: $368,980,229Net Assets 2021: $30,149,7062021Assets 2022: $413,178,224Liabilities 2022: $385,360,835Net Assets 2022: $27,817,3892022Assets 2023: $423,821,520Liabilities 2023: $390,954,814Net Assets 2023: $32,866,7062023Assets 2024: $441,131,635Liabilities 2024: $402,637,899Net Assets 2024: $38,493,7362024

Highlighted filing

2024

Assets$441,131,635
Liabilities$402,637,899
Net Assets$38,493,736

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2010: $7,982,9962010Revenue 2011: $9,121,820Expenses 2011: $7,871,398Net Income 2011: $1,250,4222011Expenses 2012: $8,063,1502012Revenue 2013: $9,768,837Expenses 2013: $8,460,373Net Income 2013: $1,308,4642013Revenue 2014: $10,417,523Expenses 2014: $9,080,881Net Income 2014: $1,336,6422014Revenue 2015: $11,272,172Expenses 2015: $9,418,301Net Income 2015: $1,853,8712015Revenue 2016: $11,836,343Expenses 2016: $9,816,444Net Income 2016: $2,019,8992016Revenue 2017: $12,781,362Expenses 2017: $10,938,395Net Income 2017: $1,842,9672017Revenue 2018: $14,336,225Expenses 2018: $12,677,291Net Income 2018: $1,658,9342018Revenue 2019: $15,761,944Expenses 2019: $14,376,007Net Income 2019: $1,385,9372019Revenue 2020: $15,309,975Expenses 2020: $13,835,256Net Income 2020: $1,474,7192020Revenue 2021: $15,434,385Expenses 2021: $13,427,968Net Income 2021: $2,006,4172021Revenue 2022: $16,865,040Expenses 2022: $14,350,254Net Income 2022: $2,514,7862022Revenue 2023: $20,615,997Expenses 2023: $17,613,404Net Income 2023: $3,002,5932023Revenue 2024: $24,414,908Expenses 2024: $20,590,366Net Income 2024: $3,824,5422024

Highlighted filing

2024

Revenue$24,414,908
Expenses$20,590,366
Net Income$3,824,542

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$441$403$38.5$24.4$20.6$3.82
2023Detailed filing. Detailed filing data is available for this year.$424$391$32.9$20.6$17.6$3.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$413$385$27.8$16.9$14.4$2.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$399$369$30.1$15.4$13.4$2.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$336$308$28.1$15.3$13.8$1.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$309$282$27.4$15.8$14.4$1.39
2018Detailed filing. Detailed filing data is available for this year.$282$256$25.9$14.3$12.7$1.66
2017Detailed filing. Detailed filing data is available for this year.$265$241$24.3$12.8$10.9$1.84
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$248$225$22.5$11.8$9.82$2.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$223$203$20.4$11.3$9.42$1.85
2014Detailed filing. Detailed filing data is available for this year.$206$188$18.6$10.4$9.08$1.34
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$193$176$17.2$9.77$8.46$1.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$185$169$16.0$8.06
2011Summary only. Only limited summary data is available for this year.$172$158$14.6$9.12$7.87$1.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$150$13.3$7.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$24,414,908
Mission and Program Overview

Mission

To be a responsible, community-focused organization members can trust to help them achieve their financial goals by demonstrating compassion, embracing innovation, remaining flexible and delivering exceptional service

People-first, community-driven, flexible service, and doing things right.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$265,998,684$276,670,341▲ $10,671,657
Savings and Temporary Cash Investments$130,747,598$132,712,215▲ $1,964,617
Rtn Earn Endowment Incm Other Fnds$32,866,706$38,493,736▲ $5,627,030
Investments Other Securities$7,139,370$10,244,041▲ $3,104,671
Receivables From Officers Etc$6,657,303$6,707,946▲ $50,643
Cash and Non-Interest-Bearing Accounts$5,343,866$6,358,158▲ $1,014,292
Land, Buildings, and Equipment, Net$5,435,585$5,790,593▲ $355,008
Prepaid Expenses and Deferred Charges$696,315$654,252▼ $42,063
Accounts Receivable$53,734$1,998▼ $51,736
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$423,821,520$441,131,635▲ $17,310,115
Other Assets Total$1,749,065$1,992,091▲ $243,026
Liabilities
Other Liabilities$389,317,140$400,357,370▲ $11,040,230
Accounts Payable and Accrued Expenses$1,637,674$2,280,529▲ $642,855
Total Liabilities$390,954,814$402,637,899▲ $11,683,085
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,866,706$38,493,736▲ $5,627,030
Total Liabilities and Net Assets / Fund Balance$423,821,520$441,131,635▲ $17,310,115

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$655,669$6,880,562$7,536,231
Buildings$3,174,507$3,387,384$6,561,891
Leasehold Improvements$814,614$890,461$1,705,075
Land$1,145,803-$1,145,803
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian HughesPresident/CEOFT$331,398$54,044$385,442
Rosemary ShieldsEvp/COOFT$257,562$33,618$291,180
Ken MauserChief Information OfficerFT$173,394$43,650$217,044
Brian TherrienChief Financial OfficerFT$181,498$34,717$216,215
Travis BissonnetteSVP of LendingFT$148,370$55,041$203,411
Cynthia MccormickSVP of Member ExperienceFT$183,096$11,934$195,030
Nicole HuntressVP of Digital Operations &FT$124,327$18,895$143,222

Board Members and Trustees

NameTitle
Dana FlandersChairman
Ronald VachonVice Chairman
Claire MosesDirector
Leonard PinaultDirector
Richard BrunelleDirector
Suzanne WilkinsDirector
Kathy GordonSecretary
Anne BrownTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
603 Portsmouth Ave LLCContractor603 PORTSMOUTH AVENUE, Greenland, NH 03840$191,295
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,584,059
Investment Income
$3,830,849
Other Revenue
$0
Change in Net Assets
$3,824,542

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,414,908
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$24,414,908
Total Revenue per Form 990
$24,414,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,147,851
Salaries, Compensation, and Employee Benefits$7,426,015
Grants and Similar Amounts Paid$16,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$6,075,738
Other Salaries and Wages---$4,517,815
Current Officers, Directors, Trustees, and Key Employees---$1,651,545
All Other Expenses---$1,162,763
Information Technology---$1,105,079
Other Employee Benefits---$713,880
Depreciation Depletion---$491,651
Occupancy---$459,993
Advertising---$435,393
Payroll Taxes---$431,221
Other Expenses---$415,291
Insurance---$150,459
Fees for Services Accounting---$144,170
Conferences and Meetings---$125,559
Pension Plan Contributions---$111,554
Fees for Services Legal---$93,028
Office Expenses---$92,689
Grants to Domestic Individuals---$16,500
Total Functional Expenses$0$0$0$20,590,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,590,366
Total Expenses per Audited Statements$20,590,366
Total Expenses per Form 990$20,590,366
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$6,657,303$6,707,946▲ $50,643
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Certificates$131,955,432
Shares$99,859,257
Share Drafts$68,068,332
Money Markets$47,267,656
Ira Certificates$16,424,682
Business Share Drafts$13,043,121
Clubs$9,874,111
Ira Shares$5,093,717
Business Shares$3,710,610
Business Money Markets$2,737,585
Hsa Share Drafts$1,467,653
Escrow Clubs$736,776
Student Share Drafts$118,438
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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 11B

The board of directors has delegated responsibility of reviewing the form 990 to the ceo and cfo. The form 990 is made available to any board member who requests it.

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 ceo/president's compensation is performed annually by the board's executive compensation committee. The committee submits an employment contract to the board for approval based on job performance factors and goals.

Form 990, Part VI, Section C, Line 19

A financial statement summary is posted in the lobby at all branches. An annual report is made available annually to members online and at our annual meeting. Other information is available upon request.

Filing and Contact Details

Filer

Filer Name
Holy Rosary Credit Union
EIN
02-0272024
Phone
6033326840
Address
133 BROCK STREET, ROCHESTER, NH 03867

Signing Officer

Name
Brian Therrien
Title
CFO
Phone
6033326840
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Therrien
Formed
1962
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
101
Volunteers
20

Preparer

Firm
Gerald T Reilly & Company
Address
424 ADAMS STREET, MILTON, MA 02186
Preparer
Stephen a Rollins CPA
Phone
6176968900
Supplemental Narrative

Additional Explanations

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.

Raw XML AppendixShowing 400 of 623 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PEOPLE-FIRST, COMMUNITY-DRIVEN, FLEXIBLE SERVICE, AND DOING THINGS RIGHT.
IRS990/AdvertisingGrp/TotalAmt0435393
IRS990/AllOtherExpensesGrp/TotalAmt01162763
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8IRA SHARES
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount323683
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