PREMIERONE CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PREMIERONE CREDIT UNION (EIN 94-1696676)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-04
- IRS object ID
- 202422789349301677
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-04T19:00:12-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 EAST THOMAS ROAD SUITE 2300 | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85012 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941696676 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PREMIERONE CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PREM | BusinessNameControlTxt |
| Phone | 8555007128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6640 VIA DEL ORO | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95119 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRADFORD THOMAS | PersonNm |
| Person Title | VP FINANCE/CFO | PersonTitleTxt |
| Phone | 8555007128 | PhoneNum |
| Signature | 2024-09-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA HANGSLEBEN | PreparerPersonNm |
| PTIN | P02087031 | PTIN |
| Phone | 6022662248 | PhoneNum |
| Preparation | 2024-09-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREA BREWER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6640 VIA DEL ORO | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95119 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $27,652,598 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PREMIERONECU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 111 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $100,038 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,792,531 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $24,143,495 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,599,876 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,206,378 | CYInvestmentIncomeAmt |
| PY Other Revenue | $68,066 | PYOtherRevenueAmt |
| CY Other Revenue | $302,725 | CYOtherRevenueAmt |
| PY Total Revenue | $20,460,473 | PYTotalRevenueAmt |
| CY Total Revenue | $27,652,598 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $4,106,729 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,012,835 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,103,684 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,292,299 | PYOtherExpensesAmt |
| CY Other Expenses | $11,271,600 | CYOtherExpensesAmt |
| PY Total Expenses | $19,314,134 | PYTotalExpensesAmt |
| CY Total Expenses | $25,491,013 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,146,339 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,161,585 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $550,680,258 | TotalAssetsBOYAmt |
| Total Assets EOY | $619,994,421 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $512,925,126 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $576,977,872 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $37,755,132 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $43,016,549 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OUR MISSION IS TO DELIVER A BETTER FINANCIAL LIFE TO MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH CONSUMER LOANS FROM A BROAD ARRAY OF PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, CREDIT CARDS AND PERSONAL LINES OF CREDIT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING A HIGH-YIELD CHECKING ACCOUNT PRODUCT AND A PREMIUM-RATE MONEY MARKET SAVINGS PRODUCT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 10178 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 111 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDIELLE PARODI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8555007128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6640 VIA DEL ORO | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95119 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| ANDREA BREWER | ||||||||
| PRESIDENT/CEO | 60.00 | Yes (X) | $1,098,878 | $0 | $54,959 | |||
| BRADFORD THOMAS | ||||||||
| VP FINANCE/CFO | 40.00 | Yes (X) | $299,361 | $0 | $10,110 | |||
| RICHARD TRESLER | ||||||||
| VP MEMBER SERVICE | 40.00 | $256,525 | $0 | $31,977 | Yes (X) | |||
| DOROTHY GEMETTE | ||||||||
| VP BUSINESS OPERATIONS | 40.00 | $231,896 | $0 | $46,000 | Yes (X) | |||
| CHRISTOPHER CAPUTO | ||||||||
| VP LENDING OPERATIONS | 40.00 | $213,982 | $0 | $24,064 | Yes (X) | |||
| JANICE JOHNSON | ||||||||
| VP MARKETING | 40.00 | $204,711 | $0 | $30,055 | Yes (X) | |||
| NICOLE CAMARILLO | ||||||||
| LOAN SERVICING MANAGER/AVP | 40.00 | $152,027 | $0 | $15,369 | Yes (X) | |||
| ALLISON COBURN | ||||||||
| DIRECTOR OF DIGITAL SERVICES | 40.00 | $137,487 | $0 | $23,807 | Yes (X) | |||
| MONIQUE EASLEY | ||||||||
| DIRECTOR OF CONSUMER LENDING | 40.00 | $129,226 | $0 | $31,944 | Yes (X) | |||
| THU CUSHING | ||||||||
| INFORMATION SYSTEMS & DATA OFFICER | 40.00 | $155,135 | $0 | $5,438 | Yes (X) | |||
| EDDIELLE PARODI | ||||||||
| DIRECTOR OF FINANCE/CONTROLLER | 40.00 | $129,325 | $0 | $18,762 | Yes (X) | |||
| SEAMUS MORAN | ||||||||
| CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| MARCIA LILLIS | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| TOM SUCHEVITS | ||||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| THOMAS BREWER | ||||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| RICH TOLEDO | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| DON BARTELS | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| CHRISTINA SALVATIER | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,008,553 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $292,485 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 17 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CORELATION INC | |||||
| 2305 HISTORIC DECATUR ROAD 300 | SAN DIEGO | CA | 92106 | CORE CONVERSION CONSULTING | $1,125,000 |
| FISERV INC | |||||
| 600 VEL R PHILLIPS AVENUE | MILWAUKEE | WI | 53203 | ENTERPRISE DATA MANAGEMENT | $546,055 |
| ALKAMI TECHNOLOGY | |||||
| 5601 GRANTITE PARKWAY STE 120 | PLANO | TX | 75024 | MOBILE BANKING SERVICES | $461,134 |
| BUSINESS DATA INC | |||||
| 321 NORTH OAK STREET | INGLEWOOD | CA | 90302 | STATEMENT RENDERING | $217,682 |
| SWENSON DEVELOPMENT AND CONSTRUCTION | |||||
| 715 NORTH FIRST STREET | SAN JOSE | CA | 95112 | CONSTRUCTION SERVICES | $206,472 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INCOME | 522100 | $20,426,942 | $20,426,942 | |
| INTERCHANGE INCOME | 522100 | $1,944,629 | $1,944,629 | |
| FEE INCOME | 522100 | $1,310,891 | $1,301,910 | $8,981 |
| OTHER OPERATING INCOME | 522100 | $461,033 | $369,976 | $91,057 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $24,143,495 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,206,378 | TotalRevenueColumnAmt |
| Exclusion | $3,206,378 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $302,725 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $302,725 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $302,725 | TotalRevenueColumnAmt |
| Exclusion | $302,725 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,652,598 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,043,457 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $100,038 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,509,103 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,000 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,106,729 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,502,517 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,019,106 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $264,655 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,860 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $596,546 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,009 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,549 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $507,054 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $377,260 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,756,716 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,052,922 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $843,858 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,873 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $935,829 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $840,210 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,187 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $2,572,384 |
| LOAN SERVICING FEES | $1,346,000 |
| OTHER EXPENSES | $583,744 |
| DUES AND SUBSCRIPTIONS | $114,005 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,491,013 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,797,908 | BOYAmt |
| EOY | $2,808,331 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,275,234 | BOYAmt |
| EOY | $38,218,026 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,737 | BOYAmt |
| EOY | $27,726 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,142,793 | BOYAmt |
| EOY | $5,331,343 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $386,005,183 | BOYAmt |
| EOY | $438,064,583 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $817,515 | BOYAmt |
| EOY | $919,964 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $25,823,624 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,262,194 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,673,206 | BOYAmt |
| EOY | $15,561,430 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,881,640 | BOYAmt |
| EOY | $96,887,311 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,230,355 | BOYAmt |
| EOY | $15,655,364 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $386,837 | BOYAmt |
| EOY | $1,205,237 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,442,850 | BOYAmt |
| EOY | $5,315,106 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550,680,258 | BOYAmt |
| EOY | $619,994,421 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,098,658 | BOYAmt |
| EOY | $5,232,761 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $45,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $509,826,468 | BOYAmt |
| EOY | $526,745,111 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $512,925,126 | BOYAmt |
| EOY | $576,977,872 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,755,132 | BOYAmt |
| EOY | $43,016,549 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,755,132 | BOYAmt |
| EOY | $43,016,549 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550,680,258 | BOYAmt |
| EOY | $619,994,421 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,161,585 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $582,938 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $2,516,894 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,035,953 | OtherCostOrOtherBasisAmt |
| Book Value | $4,035,953 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,766,804 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,064,929 | DepreciationAmt |
| Book Value | $8,701,875 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,589,907 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,759,260 | DepreciationAmt |
| Book Value | $830,647 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,430,960 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,438,005 | DepreciationAmt |
| Book Value | $1,992,955 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $15,561,430 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER SHARES AND DEPOSIT ACCOUNTS | $524,074,008 |
| LEASE LIABILITY | $2,283,509 |
| ACCRUED INTEREST PAYABLE | $387,594 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $526,745,111 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 3 | RecipientCnt |
| Cash Grant | $9,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | OUR SCHOLARSHIP APPLICATION REVIEW PROCESS INVOLVES AN AD-HOC COMMITTEE MADE UP OF EMPLOYEES FROM VARIOUS MANAGEMENT LEVELS. THE COMMITTEE MEMBERSHIP ROTATES TO DISTRIBUTE THE WORKLOAD AMONG ALL EMPLOYEES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREA BREWER | ||||||||||||||
| PRESIDENT/CEO | $458,853 | $0 | $120,503 | $0 | $519,522 | $0 | $13,200 | $0 | $41,759 | $0 | $1,153,837 | $0 | $500,000 | $0 |
| BRADFORD THOMAS | ||||||||||||||
| VP FINANCE/CFO | $252,759 | $0 | $46,602 | $0 | $0 | $0 | $10,110 | $0 | $0 | $0 | $309,471 | $0 | $0 | $0 |
| RICHARD TRESLER | ||||||||||||||
| VP MEMBER SERVICE | $213,852 | $0 | $34,294 | $0 | $8,379 | $0 | $8,741 | $0 | $23,236 | $0 | $288,502 | $0 | $0 | $0 |
| DOROTHY GEMETTE | ||||||||||||||
| VP BUSINESS OPERATIONS | $194,909 | $0 | $36,987 | $0 | $0 | $0 | $8,432 | $0 | $37,568 | $0 | $277,896 | $0 | $0 | $0 |
| CHRISTOPHER CAPUTO | ||||||||||||||
| VP LENDING OPERATIONS | $203,605 | $0 | $10,377 | $0 | $0 | $0 | $7,954 | $0 | $16,110 | $0 | $238,046 | $0 | $0 | $0 |
| JANICE JOHNSON | ||||||||||||||
| VP MARKETING | $166,271 | $0 | $38,440 | $0 | $0 | $0 | $6,971 | $0 | $23,084 | $0 | $234,766 | $0 | $0 | $0 |
| NICOLE CAMARILLO | ||||||||||||||
| LOAN SERVICING MANAGER/AVP | $136,457 | $0 | $15,570 | $0 | $0 | $0 | $5,453 | $0 | $9,916 | $0 | $167,396 | $0 | $0 | $0 |
| ALLISON COBURN | ||||||||||||||
| DIRECTOR OF DIGITAL SERVICES | $125,054 | $0 | $12,433 | $0 | $0 | $0 | $5,516 | $0 | $18,291 | $0 | $161,294 | $0 | $0 | $0 |
| MONIQUE EASLEY | ||||||||||||||
| DIRECTOR OF CONSUMER LENDING | $115,327 | $0 | $13,899 | $0 | $0 | $0 | $3,942 | $0 | $28,002 | $0 | $161,170 | $0 | $0 | $0 |
| THU CUSHING | ||||||||||||||
| INFORMATION SYSTEMS & DATA OFFICER | $129,416 | $0 | $23,229 | $0 | $2,490 | $0 | $5,438 | $0 | $0 | $0 | $160,573 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | SPLIT-DOLLAR PLAN: EFFECTIVE AUGUST 30, 2018, THE CREDIT UNION FUNDED A COLLATERAL ASSIGNMENT SPLIT-DOLLAR INSURANCE POLICY FOR A MEMBER OF THE EXECUTIVE MANAGEMENT TEAM FOR WHICH IT IS ENTITLED TO A RETURN OF ITS PREMIUM PAYMENTS UPON THE DEATH OF THE PARTICIPANT. DEFERRED COMPENSATION PLAN (457F PLAN): EFFECTIVE AUGUST 30, 2018, THE CREDIT UNION IMPLEMENTED A NONQUALIFIED UNFUNDED 457(F) DEFERRED COMPENSATION PLAN FOR A MEMBER OF THE EXECUTIVE MANAGEMENT TEAM. BENEFITS ARE PAID FROM THE GENERAL ASSETS OF THE CREDIT UNION. NO EMPLOYEES RECEIVED A CONTRIBUTION FROM THE 457(F) PLAN DURING 2023. THE FOLLOWING EMPLOYEE RECEIVED A DISTRIBUTION FROM THE 457(F) PLAN DURING 2023: - ANDREA BREWER: $500,000 | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| ANDREA BREWER | |||||||
| PRESIDENT/CEO | 1ST MORTGAGE | Yes (X) | $729,000 | $483,551 | 0 | Yes (1) | Yes (1) |
| DOROTHY GEMETTE | |||||||
| VP BUSINESS OPERATIONS | 1ST MORTGAGE | Yes (X) | $930,000 | $751,265 | 0 | Yes (1) | Yes (1) |
| DOROTHY GEMETTE | |||||||
| VP BUSINESS OPERATIONS | USED AUTO | Yes (X) | $14,759 | $14,759 | 0 | Yes (1) | Yes (1) |
| CHRISTOPHER CAPUTO | |||||||
| VP LENDING OPERATIONS | USED AUTO | Yes (X) | $77,500 | $74,355 | 0 | Yes (1) | Yes (1) |
| CHRISTOPHER CAPUTO | |||||||
| VP LENDING OPERATIONS | HELOC | Yes (X) | $135,679 | $117,186 | 0 | Yes (1) | Yes (1) |
| ANDREA BREWER | |||||||
| PRESIDENT/CEO | SPLIT DOLLAR LOAN | Yes (X) | $3,500,000 | $3,890,227 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $5,331,343 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | ANDREA BREWER AND THOMAS BREWER HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE AMENDED BYLAWS HAVE BROADENED THE ORGANIZATION'S FIELD OF MEMBERSHIP TO ENCOMPASS 9 COUNTIES FROM THE GREATER BAY AREA, WHICH WAS PREVIOUSLY LIMITED TO SANTA CLARA COUNTY. ADDITIONALLY, THE ORGANIZATION CONVERTED THE SUPERVISORY COMMITTEE TO AN AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION'S PRIMARY FIELD OF MEMBERSHIP CONSISTS OF PERSONS WHO LIVE, REGULARLY WORK, ATTEND SCHOOL, OR CURRENTLY WORSHIP IN THE COUNTIES OF SANTA CLARA, STANISLAUS, SANTA CRUZ, SAN MATEO, ALAMEDA, SAN BENITO, MERCED, SAN JOAQUIN, AND MONTEREY, CALIFORNIA, AS WELL AS ANY BUSINESSES, ASSOCIATIONS OR ORGANIZATIONS IN SUCH COUNTIES. MOST OF THE CREDIT UNION'S MEMBERSHIP BASE RESIDES IN AND AROUND SAN JOSE, CALIFORNIA. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER HAS ONE VOTE AND HAS THE OPPORTNUITY TO VOTE ON ONE THIRD OF THE BOARD OF DIRECTORS AT EACH ANNUAL MEETING. |
| 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 A, LINE 8B | THE CREDIT UNION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST GUIDELINES AS PER THE CREDIT UNION'S CODE OF ETHICS. THE CREDIT UNION HAS SEVERAL TEAMS AND COMMITTEES THAT REVIEW THE ACTIVITIES, PROJECTS AND ONGOING INITIATIVES OF THE CREDIT UNION AS WELL AS REVIEW FINANCIALS, PRODUCTS, MARKET RISK AND PRICING AND COMPLIANCE ISSUES. THE MAIN GOAL OF THESE REVIEWS IS TRANSPARENCY AND TO AVOID MISCOMMUNICATION, FRAUD AND CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CEO'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE AND MAKES RECOMMENDATIONS TO THE FULL BOARD. THE ORGANIZATION USES COMPEASE AND GALLEGHER TO COMPARE SALARIES ACROSS THE ORGANIZATION TO MAKE SURE THEY ARE IN LINE WITH INDUSTRY STANDARDS. THE BOARD ALSO HIRES A CONSULTANT PERIODICALLY TO COMPARE THE CEO'S SALARY WITH OTHER COMPANIES. THE COMPENSATION DECISION IS DOCUMENTED IN THE BOARD MEMBERS AS WELL AS THE CEO'S PERSONNEL FILE. THE ORGANIZATION'S EXECUTIVE MANAGEMENT, ON AT LEAST AN ANNUAL BASIS, OBTAINS COMPENSATION SURVEY DATA FOR HIGHLY COMPENSATED EMPLOYEES (WHICH CONSIST OF VICE PRESIDENTS AND HIGHER) FOR PURPOSES OF COMPENSATION BENCHMARKING. THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THIS DATA IN CONJUNCTION WITH EXECUTIVE MANAGEMENT TO DETERMINE APPROPRIATE COMPENSATION LEVELS BY EMPLOYEE POSITION. COMPENSATION LEVELS FOR OTHER KEY EMPLOYEES AND GENERAL STAFF IS AVAILABLE TO THE COMPENSATION COMMITTEE AT ANY TIME FOR REVIEW. THE COMPENSATION DECISION IS DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. THESE PROCESSES NOTED ABOVE WERE PERFORMED DURING 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CREDIT UNION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CUMMULATIVE EFFECT IN CHANGE IN ACCOUNTING PRINCIPLE -1,360,678. CAPITAL ACQUIRED THROUGH MERGER - SEQUOIA 3,877,572. |