2024-09-06T18:12:21-05:00 2023-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2023-01-01 951821708 HUNTINGTON BEACH CREDIT UNION HUNT 7145366517 2000 MAIN STREET B-272 HUNTINGTON BEACH CA 92648 ANGELA K CLITHEROW PRESIDENT/CEO 7145366517 2024-09-05 1 1 VALENTINO CREUS CPA P01054153 8189549700 2023 2024-08-08 14:25:15Z ANGELA K CLITHEROW 2000 MAIN STREET B-272 HUNTINGTON BEACH CA 92648 2027977 0 X WWW.HUNTINGTONBEACHCU.ORG X CREDIT UNION 1953 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 5 10 10 7855 3020 0 0 902738 993044 566511 1034933 0 0 1469249 2027977 0 0 0 0 386055 615917 0 0 0 1083674 1467317 1469729 2083234 -480 -55257 59916268 54617362 53507429 48193460 6408839 6423902 X SEE SCHEDULE OHUNTINGTON BEACH CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, HUNTINGTON BEACH CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 PROVIDED HOME AND CONSUMER LOANS TO MEMBERS AT COMPETITIVE RATES OF INTEREST. PROVIDED CHECKING AND SAVINGS ACCOUNTS AS WELL AS INVESTMENT INSTRUMENTS IN AN EFFORT TO SAFEGUARD MEMBERS' ASSETS, CONTROL RISK AND CONTRIBUTE TO CAPITAL GROWTH AND FINANCIAL STABILITY. PROVIDED SHARE CERTIFICATES OF DEPOSIT IN 6 MONTHS TO 5 YEAR INCREMENTS ALLOWING MEMBERS THE OPPORTUNITY TO EARN HIGHER RATES OF INTEREST THAN TYPICALLY EARNED IN A SAVINGS ACCOUNT. THE CREDIT UNION ALSO OFFERS MONEY MARKET ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 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 1 678 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X X DONNA ZIKE ACCOUNTING MANAGER 7145366517 2000 MAIN STREET B-272 HUNTINGTON BEACH CA 92648 PAUL D'ALESSANDRO BOARD CHAIRPERSON 2.00 X 0 0 0 HOWARD ZELEFSKY BOARD VICE CHAIRPERSON 2.00 X 0 0 0 MELVIN M BOWMAN BOARD SECRETARY 2.00 X 0 0 0 GARY MEZA BOARD MEMBER 2.00 X 0 0 0 KAREN A PETERSON BOARD MEMBER 2.00 X 0 0 0 SARAH WHITECOTTON SUPV CMTE CHAIRPERSON 2.00 X 0 0 0 DAVID DERESZYNSKI SUPV CMTE MEMBER 2.00 X 0 0 0 VERONICA NAVARRO-MARTINEZ SUPV CMTE MEMBER 2.00 X 0 0 0 LILIA GUERRERO SUPV CMTE MEMBER 2.00 X 0 0 0 BONNIE TO SUPV CMTE MEMBER 2.00 X 0 0 0 ANGELA K CLITHEROW PRESIDENT/CEO 55.00 X 162431 0 5150 162431 0 5150 1 0 1 0 FISERV INC 600 N VEL R PHILLIPS AVE MILWAUKEE WI 53203 ONLINE AND MOBILE BANKING 280017 1 INTEREST ON LOANS 522100 801494 801494 OTHER OPERATING INCOME 522100 144993 137138 7855 FEES INCOME 522100 46557 46557 993044 1034933 1034933 2027977 2020122 7855 0 X 162431 374850 37064 41572 9755 42600 354667 48836 52722 61939 40905 53854 262987 28931 40614 PROVISION FOR LOAN LOSS 237704 LOAN SERVICING EXPENSE 202283 MISCELLANEOUS EXPENSES 15103 OPERATING FEES 10351 4066 2083234 117572 124047 7784776 3987171 75324 70254 437706 219902 225719 217804 51418042 49983773 294835 234313 59916268 54617362 337939 379676 53169490 47813784 53507429 48193460 X 0 0 0 0 6408839 6423902 6408839 6423902 59916268 54617362 X -55257 70320 X X 0 1 X 1 0 219823 92878 126945 217883 127024 90859 217804 DEPOSITS IN COMMERCIAL BANKS 34661000 C TOTAL LOANS AND LEASES 14634858 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 498111 C PAID IN CAPITAL AT CORP 99701 C ALL OTHER INVESTMENTS 90103 F 49983773 SHARES AND DEPOSITS 47813784 47813784 X PART X, LINE 2: ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. AS OF JUNE 30, 2023 AND 2022, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X 0 0 0 ANGELA K CLITHEROW PRESIDENT/CEO 162431 0 0 0 0 0 0 0 5150 0 167581 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 HUNTINGTON BEACH CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND IS OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. HUNTINGTON BEACH CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF THE ORGANIZATION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 AND RELATED SCHEDULES ARE PRESENTED TO THE BOARD AT THE BOARD MEETING FOR REVIEW AND DISCUSSION. CHANGES AND MODIFICATIONS ARE THEN TAKEN INTO ACCOUNT FOR FINAL COMPLETION AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S SUPERVISORY COMMITTEE IS RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY. THIS FUNCTION IS PERFORMED THROUGH THE OUTSIDE AUDITOR'S EXAMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE SALARIES FOR THE TOP OFFICIALS USING THE CUNA SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION DISPLAYS THE FINANCIAL STATEMENT IN ITS CORPORATE HEADQUARTERS. ADDITIONAL COPIES ARE AVALIABLE UPON REQUEST. ORGANIZATION FILES ITS CALL REPORTS ON A QUARTERLY BASIS WITH THE NCUA AND DFI. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 354,667. FORM 990, PART XI, LINE 9: CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) 70,321. ROUNDING -1. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.