2023-11-14T15:13:09-06:00 2022-12-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2022-01-01 231417551 BHCU BHCU 6105952929 501 INDUSTRIAL HIGHWAY RIDLEY PARK PA 190781139 GARY GOLDEN CEO 6105952929 2023-11-13 GARY GOLDEN XXX-XX-XXXX 0 RUTHANN J WOLL CPA P00647342 6103761595 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY GOLDEN 501 INDUSTRIAL HIGHWAY RIDLEY PARK PA 190781139 14575467 0 1 X WWW.BHCU.ORG X 1952 PA PROMOTING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 9 9 34 0 0 0 0 0 5389614 6177092 1246574 951397 1533459 1016546 8169647 8145035 0 0 0 0 2713614 3237765 0 0 0 3333499 3569752 6047113 6807517 2122534 1337518 210321803 226173847 181432921 202242687 28888882 23931160 X BHCU IS COMMITTED TO PROVIDING ITS MEMBERS A HAVEN OF FINANCIAL STABILITY AND PROTECTION WHILE PROVIDING AN ARRAY OF PRODUCTS THAT FIT THEIR NEEDS. THE CREDIT UNION INTENDS TO DO THIS BY MAKING SOUND, CALCULATED INVESTMENTS, OFFERING LOW INTEREST LOANS, AND HIGH YIELDING DIVIDENDS. AS OUR PRODUCT LINES OF SERVICE EXPAND, WE PLEDGE TO OUR MEMBERS, THAT OUR PERSONNEL WILL CONTINUE TO PROVIDE THE HIGHEST LEVEL OF EXPERIENCE AND COURTESY POSSIBLE. 0 0 6807517 8145035 CREDIT UNIONS ARE COOPERATIVE SAVINGS AND CREDIT ASSOCIATIONS INCORPORATED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 6807517 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3646 0 1 34 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 0 0 X IRON MOUNTAIN RECORDS MANAGEMENT 6109930361 36 GREAT VALLEY PARKWAY MALVERN PA 19355 JOSEPH CONTE PRESIDENT & CHAIRMAN OF BO 1.00 X 15600 0 0 RICHARD RANALLI VICE PRESIDENT OF THE BOAR 1.00 X 8200 0 0 KENNETH KNOLL TREASURER OF THE BOARD 1.00 X 9200 0 0 JOSEPH KELLEHER SECRETARY OF THE BOARD 1.00 X 8800 0 0 GUY FERRANTI BOARD OF DIRECTOR 1.00 X 8800 0 0 JOSEPH FORTUNATO BOARD OF DIRECTOR 1.00 X 6200 0 0 MICHAEL MUDRICK BOARD OF DIRECTOR 1.00 X 14600 0 0 JENNIFER RINELLA BOARD OF DIRECTOR 1.00 X 9600 0 0 DOUGLAS WILLIAMSON BOARD OF DIRECTOR 1.00 X 9200 0 0 GARY GOLDEN CEO 40.00 X 635520 0 481050 CHERYL ALTIERI EVP 40.00 X 230149 0 -21382 EDWARD BIERNACKI CFO 40.00 X 196614 0 72591 KEVIN PYLE COO 40.00 X 121476 0 55459 GERALD DORN CCO 40.00 X 147012 0 32652 JAMES PACE BDO 40.00 X 111910 0 38316 1532881 0 658686 6 0 1 0 0 INTEREST OF LOANS 522100 6177092 6177092 6177092 1101917 1101917 6279912 6430432 -150520 -150520 -150520 MISCELLANEOUS 524298 804843 804843 FEES AND CHARGES 624298 211703 211703 1016546 8145035 8145035 0 0 1460659 1320963 95196 199041 161906 7089 74574 50179 285421 222752 167348 452201 316167 3768 15407 70362 221997 51886 DIVIDENDS ON DEPOSIT 1017407 LOAN FEES 534222 ATM FEES 197017 OTHER 3520 -121565 6807517 639530 1164145 7657451 1846617 891049 3634385 131353219 155872072 83213 148249 5708767 3437868 1903022 2270899 1523355 62424869 54683091 3846095 6554389 210321803 226173847 2042862 3439445 7505382 179390059 191297860 181432921 202242687 X 0 0 0 0 28888882 23931160 28888882 23931160 210321803 226173847 X 1337518 -6658470 363230 X X 0 1 X 1 0 3056620 1692499 1364121 1077629 326409 751220 944458 908934 35524 630060 510026 120034 2270899 AVAILABLE FOR SALE SECURITIES 54683091 F 54683091 MEMBER SHARES AND SAVINGS 191297860 191297860 X 8145035 0 8145035 0 8145035 6807517 0 6807517 0 6807517 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, AS A STATE-CHARTERED COOPERATIVE ASSOCIATION, THE CREDIT UNION IS POTENTIALLY SUBJECT TO FEDERAL TAX ON ITS UNRELATED BUSINESS INCOME, AS DEFINED IN THE INTERNAL REVENUE SERVICE REGULATIONS. X X X 0 1 0 GARY GOLDEN CEO 245615 0 381600 0 8305 0 447375 0 33675 0 1116570 0 388165 0 EDWARD BIERNACKI CFO 142758 0 53710 0 146 0 64186 0 8405 0 269205 0 56941 0 CHERYL ALTIERI EVP 184387 0 44138 0 1624 0 25045 0 -46427 0 208767 0 48096 0 GERALD DORN CCO 119536 0 27180 0 296 0 31536 0 1116 0 179664 0 29917 0 KEVIN PYLE COO 121145 0 0 0 331 0 45908 0 9551 0 176935 0 0 0 JAMES PACE BDO 80911 0 28038 0 2961 0 17939 0 20377 0 150226 0 30218 0 PART !, LINE 4B: GARY GOLDEN PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. GARY GOLDEN RECEIVED A $250,000 PAYMENT FROM NON-QUALIFIED RETIREMENT PLAN IN 2022. FORM 990, PART VI, SECTION A, LINE 6 ONE CLASS OF MEMBERSHIP, EACH MEMBER IN GOOD STANDING HAVE EQUAL VOTING POWER. FORM 990, PART VI, SECTION A, LINE 7A VOTING FOR OPEN SEATS AT THE ANNUAL MEETING IS DONE ON A DEMOCRATIC BASIS WITH EACH MEMBER HAVING ONE VOTE. IF BOARD MEMBERS RUN UNOPPOSED NO ELECTION IS HELD FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS AN EQUAL VOTE WHEN MAKING CHANGES TO THE BY-LAWS AND CHANGES IN CHARTER. FORM 990, PART VI, SECTION B, LINE 11B THE CREDIT UNION SENDS A COPY OF THE FINAL VERSION OF FORM 990 TO EACH BOARD MEMBER BEFORE IT IS FILED, BUT NO FORMAL REVIEW IS COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND EMPLOYEES COMPLETE AN ACKNOWLEDGEMENT OF THE BANK BRIBERY ACT AND DISCLOSE ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A FOR 2021, THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS CAN BE VIEWED QUARTERLY FROM THE NCUA WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND CAN BE VIEWED AT THE CREDIT UNION UNDER THE SUPERVISION OF MANAGEMENT. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME - RETIREMENT BENEFITS 363,230. FORM 990 PART XII, LINE 2C: IN 2022, THE GOVERNING BODY ESTABLISHED AN INDEPENDENT SUPERVISORY COMMITTEE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT.