2024-07-16T16:41:04-05:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 940335800 1ST UNITED CREDIT UNION 1STU 9255984837 PO BOX 11746 PLEASANTON CA 94588 STEPHEN M STONE PRESIDENT/CEO 9255984702 2024-07-08 1 STEPHEN STONE 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2024-06-28 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z STEPHEN M STONE PO BOX 11746 PLEASANTON CA 94588 91375864 0 1526 X WWW.1STUNITEDCU.ORG X 1932 CA TO PROVIDE A LIFETIME OF SIMPLER, FASTER, FRIENDLIER FINANCIAL SERVICES FOR OUR MEMBERS. 9 9 184 14 169370 0 0 0 33895237 42931126 6553682 6218337 4394923 2020655 44843842 51170118 9705 18915 0 0 17586367 19952222 0 0 0 19585533 26398164 37181605 46369301 7662237 4800817 1277603441 1224510759 1178814271 1112373663 98789170 112137096 X AT 1ST UNITED CREDIT UNION, WE ARE KNOWN IN THE COMMUNITY FOR OUR FINANCIAL EDUCATION PROGRAM. THE CREDIT UNION OFFERS FINANCIAL EDUCATION AND FRAUD PREVENTION SEMINARS ON-SITE AT LOCAL SCHOOLS AND OTHER COMMUNITY MEETING PLACES, AND SELF-STUDY MATERIALS ON OUR WEBSITE AT 1STUNITEDCU.ORG. 0 0 1ST UNITED CREDIT UNION OFFERS A COMPREHENSIVE PORTFOLIO OF SAVINGS AND LOAN PRODUCTS FOR MEMBERS. 1ST UNITED'S PRODUCTS ARE AN EXCELLENT VALUE, COMPETITIVELY PRICED AND EASY TO PURCHASE. ALL OF OUR PRODUCTS ARE AVAILABLE TO MEMBERS THROUGH OUR EXTENSIVE BRANCH NETWORK, VIA OUR MEMBER SERVICES CALL CENTER OR ONLINE AT 1STUNITEDCU.ORG. 1ST UNITED CREDIT UNION OFFERS FINANCIAL PLANNING AND INVESTMENT SERVICES FOR OUR MEMBERS. THESE SERVICES ARE AVAILABLE TO ALL MEMBERS OF THE CREDIT UNION AND ARE DELIVERED THROUGH CUSO FINANCIAL SERVICES, A REGISTERED BROKER-DEALER. AT 1ST UNITED CREDIT UNION, WE ARE KNOWN IN THE COMMUNITY FOR OUR FINANCIAL EDUCATION PROGRAM. THE CREDIT UNION OFFERS FINANCIAL EDUCATION AND FRAUD PREVENTION SEMINARS ON-SITE AT LOCAL SCHOOLS AND OTHER COMMUNITY MEETING PLACES, AND SELF-STUDY MATERIALS ON OUR WEBSITE AT 1STUNITEDCU.ORG. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 16398 0 1 184 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X 1ST UNITED CREDIT UNION 9255984702 PO BOX 11746 PLEASANTON CA 94588 HOWARD T GARRIGAN BOD MEMBER 1.00 X 0 0 0 DAVE MACDONALD CHAIRPERSON 2.00 X 0 0 0 STEVE MANNING VICE CHAIRPERSON 1.00 X 8020 0 0 SUSAN MURANISHI BOD MEMBER 1.00 X 0 0 0 PATRICK O'CONNELL BOD MEMBER 1.00 X 7188 0 0 VELETA SAVANAH BOD MEMBER 1.00 X 1274 0 0 CYRIL BONANNO SECRETARY 1.00 X 7888 0 0 TERESITA LAUIGAN TREASURER 1.00 X 3887 0 0 JOAN JOHNSON BOD MEMBER 1.00 X 5928 0 0 STEPHEN STONE CEO 50.00 X 574428 0 33809 GANGA RADHAKRISHNAN CFO 45.00 X 272147 0 18892 TOSHA EAGLES-WILLIAMS CHIEF LENDING & MARKETING 45.00 X 274109 0 21778 JOANNA UHL CIO 45.00 X 269510 0 46652 LYNELL FRALEY CHRO 45.00 X 249017 0 35845 DERRICK FORTIER CRO 45.00 X 243351 0 50397 CHARLENE A ALMERIA VP FINANCE & ACCOUNTING 40.00 X 184782 0 32335 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS 45.00 X 183259 0 46072 CHRISTOPHER FOX VP ENTERPRISE APPLICATIONS 40.00 X 175415 0 13354 JAMES SANTIAGO VP IT 45.00 X 166654 0 22502 SHERYON HILL-SAVAGE VP ASSET RECOVERY 40.00 X 164167 0 22192 GOLDMAN LEE VP RETAIL SALES & EXPERIENCE 40.00 X 154409 0 43676 JEANNIE SUGAOKA VP COMPLIANCE AND RISK MANAGEMENT 40.00 X 151714 0 19825 LYNN DIGNON DIRECTOR OF PROJECT MANAGEMENT 40.00 X 164778 0 22410 WILFREDO DELA CRUZ VP LENDING 40.00 X 144776 0 30764 JILIIAN N BULWA VP DEVELOPMENT & CULTURE 40.00 X 142500 0 10771 BERNADETTE OSORIO VP INDIRECT LENDING 40.00 X 140015 0 43090 MIKIKO HIRUTA DIRECTOR - HUMAN RESOURCES 40.00 X 139556 0 20127 3828772 0 534491 35 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE PROCESSOR 1275478 SYNERGI PARTNERS INC POBOX 5599 FLORENCE SC 29502 INCENTIVE CONSULTING 524100 GATEWAY SERVICES GROUP LLC 7600 EORCHAD ROADSUITE 320N GREENWOOD VILLAGE CO 80111 INVESTMENT SERVICES 488655 INTEGRATED BUILDERS GROUPINC 5137 GOLDEN FOOTHILL PKWY SUITE 14 EL DORADO HILLS CA 95762 DESIGN-BUILD CONTRACTOR 428195 BRIDGE IT CONSULTING INC 380 DIABLO ROAD DANVILLE CA 94526 IT CONSULTANT 326232 29 INCOME ON LOANS 522100 36971473 36971473 FEES, CHARGES, OTHER 522100 5790283 5790283 FINANCE & INSURANCE 520000 169370 169370 42931126 8355919 8355919 38068164 40205746 -2137582 -2137582 -2137582 OTHER OPERATING INCOME 522100 2020655 2020655 2020655 51170118 51000748 169370 0 X 18915 3504476 11974896 979268 2357085 1136497 128050 154844 113621 46298 296271 801141 269106 3079641 1451966 11205 229198 11104700 118302 1000800 298371 PROVISION FOR LOAN LOSS 1910646 VISA DEBIT/CREDIT 1889213 LOAN SERVICING 792230 MAINTENANCE 626262 2076299 46369301 4486951 5668282 78906140 76126053 109580 133580 3717711 3258973 877283583 878276275 1879855 2593995 18464606 12605054 7189585 5859552 276896801 223562586 7554600 7501600 19578635 21529863 1277603441 1224510759 10439470 12754860 20000000 13630431 1148374801 1085988372 1178814271 1112373663 X 0 0 0 0 98789170 112137096 98789170 112137096 1277603441 1224510759 X 4800817 9897755 -1350646 X X 0 1 X 1 0 1760872 1760872 7933059 6095577 1837482 2272128 1848161 423967 6498547 4661316 1837231 5859552 REGULAR SHARES 308343931 SHARE DRAFTS 192677854 MONEY MARKET SHARES 198734208 SHARE CERTIFICATES 347201352 IRA/CD SHARES 39031027 1085988372 X 51170118 0 51170118 0 51170118 46369301 0 46369301 0 46369301 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 ALAMEDA COUNTY FOOD BANK PO BOX 2599 OAKLAND CA 94614 942960297 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION 1 0 PART I, LINE 2: THIS IS A CHARITABLE CONTRIBUTION, NOT A GRANT. THEREFORE, THERE IS NO SUBSEQUENT MONITORING BY THE CREDIT UNION. X 1 0 X X X X 0 0 0 STEPHEN STONE CEO 521319 0 51000 0 2109 0 23100 0 10709 0 608237 0 0 0 JOANNA UHL CIO 267687 0 650 0 1173 0 19382 0 27270 0 316162 0 0 0 TOSHA EAGLES-WILLIAMS CHIEF LENDING & MARKETING 270916 0 1000 0 2193 0 19047 0 2731 0 295887 0 0 0 DERRICK FORTIER CRO 240890 0 500 0 1961 0 17594 0 32803 0 293748 0 0 0 GANGA RADHAKRISHNAN CFO 269796 0 400 0 1951 0 18892 0 0 0 291039 0 0 0 LYNELL FRALEY CHRO 245550 0 600 0 2867 0 17559 0 18286 0 284862 0 0 0 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS 182106 0 600 0 553 0 13269 0 32803 0 229331 0 0 0 CHARLENE A ALMERIA VP FINANCE & ACCOUNTING 183856 0 350 0 576 0 13221 0 19114 0 217117 0 0 0 GOLDMAN LEE VP RETAIL SALES & EXPERIENCE 153100 0 1000 0 309 0 10873 0 32803 0 198085 0 0 0 JAMES SANTIAGO VP IT 165618 0 550 0 486 0 11601 0 10901 0 189156 0 0 0 CHRISTOPHER FOX VP ENTERPRISE APPLICATIONS 174153 0 600 0 662 0 12377 0 977 0 188769 0 0 0 LYNN DIGNON DIRECTOR OF PROJECT MANAGEMENT 163608 0 450 0 720 0 11508 0 10902 0 187188 0 0 0 SHERYON HILL-SAVAGE VP ASSET RECOVERY 161136 0 1000 0 2031 0 11483 0 10709 0 186359 0 0 0 BERNADETTE OSORIO VP INDIRECT LENDING 139155 0 600 0 260 0 10287 0 32803 0 183105 0 0 0 WILFREDO DELA CRUZ VP LENDING 143598 0 900 0 278 0 10490 0 20274 0 175540 0 0 0 JEANNIE SUGAOKA VP COMPLIANCE AND RISK MANAGEMENT 147820 0 450 0 3444 0 10475 0 9350 0 171539 0 0 0 MIKIKO HIRUTA DIRECTOR - HUMAN RESOURCES 138661 0 500 0 395 0 9847 0 10280 0 159683 0 0 0 JILIIAN N BULWA VP DEVELOPMENT & CULTURE 141834 0 400 0 266 0 9986 0 785 0 153271 0 0 0 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS AUTO NEW X 55350 48170 0 1 1 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS HOME EQUITY LINE OF CREDIT X 125000 114980 0 1 1 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS FIXED FIRST MORTGAGE X 1150000 1102977 0 1 1 JAMES SANTIAGO VP - INFORMATION TECHNOLOGY AUTO REFINANCE X 12169 4505 0 1 1 JAMES SANTIAGO VP - INFORMATION TECHNOLOGY HOME EQUITY LINE OF CREDIT X 42900 41808 0 1 1 DERRICK FORTIER CHIEF OF RETAIL OPERATIONS FIXED FIRST MORTGAGE X 680000 636106 0 1 1 JEANNIE SUGAOKA VP OF COMPLIANCE AND RISK MANAGEMENT FIXED FIRST MORTGAGE X 180000 129124 0 1 1 GANGA RADHAKRISHNAN CHIEF FINANCIAL OFFICER AUTO NEW X 47000 30342 0 1 1 LYNELL FRALEY CHIEF HUMAN RESOURCES OFFICER AUTO REFINANCE X 29644 23418 0 1 1 GANGA RADHAKRISHNAN CHIEF FINANCIAL OFFICER HOME EQUITY LINE OF CREDIT X 400000 0 0 1 1 JEANNIE SUGAOKA VP OF COMPLIANCE AND RISK MANAGEMENT HOME EQUITY LINE OF CREDIT X 200000 43028 0 1 1 GOLDMAN LEE VP - RETAIL SALES AND EXPERIENCE AUTO NEW X 32556 17150 0 1 1 GOLDMAN LEE VP - RETAIL SALES AND EXPERIENCE AUTO NEW X 50000 7500 0 1 1 STEPHEN STONE CEO HOME EQUITY LOAN X 182000 31103 0 1 1 JOANNA UHL CHIEF INFORMATION OFFICER FIXED 7 1 ARM JUMBO X 1040000 1028762 0 1 1 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS HOME EQUITY LINE OF CREDIT X 175000 0 0 1 1 3258973 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF HUMAN RESOURCES OFFICER AND VICE PRESIDENT CONTROLLER GATHER THE INFORMATION. THE CFO AND CEO REVIEW FORM 990. UPON COMPLETION, A COPY OF THE FORM IS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO EMPLOYEES IN THE EMPLOYEE HANDBOOK. ANNUALLY, EMPLOYEES ARE REMINDED AND ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ THE POLICY, AS WELL AS THE OTHER SECTIONS IN THE HANDBOOK. MANAGERS ARE HELD ACCOUNTABLE TO MONITOR ADHERENCE TO THE POLICY AND TO ENSURE THEIR EMPLOYEES UNDERSTAND IT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AT THE CREDIT UNION IS GOVERNED BY A BOARD OF DIRECTORS APPROVED SALARY ADMINISTRATION POLICY. THE CREDIT UNION SETS COMPENSATION RANGES FOR ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, USING A THIRD PARTY COMPENSATION CONSULTING FIRM. THIS THIRD PARTY ORGANIZATION PROVIDES COMPENSATION INFORMATION AND SALARY RANGES FOR COMPANIES NATIONWIDE. SALARY RANGES ARE DEVELOPED THROUGH NATIONWIDE, INDUSTRY-SPECIFIC COMPENSATION SURVEYS AND COMPENSATION BENCHMARKING FOR KEY POSITIONS. THE BOARD OF DIRECTORS APPROVE THE SALARY RANGES AND EVALUATE ANY ANNUAL CHANGES RECOMMENDED BY THE THIRD PARTY FIRM. SALARY LEVELS AND JOB GRADES FOR INDIVIDUAL POSITIONS ARE DETERMINED USING A JOB EVALUATION PROCESS PROVIDED BY THE THIRD PARTY FIRM. FORM 990, PART VI, SECTION C, LINE 19 GENERALLY, GOVERNING DOCUMENTS/POLICIES ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC OR TO MEMBERS. MONTHLY FINANCIAL RESULTS ARE PUBLICLY POSTED. FORM 990, PART IX, LINE 24E SHARE DRAFT 609,353. ATM EXPENSE 440,678. ASSET RECOVERY 247,396. HUMAN RESOURCES 184,383. ASI/DFPI ANNUAL ASSESSMENT 157,488. OTHER OPERATING 146,527. EMPLOYEE/MEMBER GOODWILL 98,597. TRAINING/DEVELOPMENT/EDUCATION 93,164. BOARD/SUPERVISORY COMMITTEE EXPENSE 48,173. SECURITY 35,939. S & D 14,601. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -1,350,646. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.