2024-10-25T11:13:17-05:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 941664405 SAFEAMERICA CREDIT UNION SAFE 9258478316 6001 GIBRALTAR DRIVE PLEASANTON CA 94588 ROGER BALLARD PRESIDENT/CEO 9258478316 2024-10-11 0 JOHN J MURNANE JR P03021572 3052328272 2024-10-11 2023 2024-10-15 13:58:12Z ROGER BALLARD 6001 GIBRALTAR DRIVE PLEASANTON CA 94588 24473880 0 X WWW.SAFEAMERICA.COM X 1953 CA PROVIDE SUPERIOR PERSONAL SERVICE AND ATTRACTIVE FINANCIAL PRODUCTS TO MEMBERS. 7 7 82 7 49425 0 0 0 20421770 22288648 955007 2185232 0 0 21376777 24473880 0 5000 2207287 5782582 7689230 7017141 0 0 0 7749050 9610475 17645567 22415198 3731210 2058682 532148907 527564205 491107033 486904916 41041874 40659289 WE ARE DEDICATED TO SERVING THE MEMBERS' BEST INTEREST, TO PROVIDE VALUE RELATIVE TO COST, AND TO EARN THEIR TRUST AND CONFIDENCE BY OPERATING IN AN ETHICAL AND FINANCIALLY SOUND MANNER. 0 0 SHARE DRAFT, SHARE ACCOUNTS AND SHARE CERTIFICATES CONSUMER LOANS OTHER EXEMPT FUNCTIONS ACTIVITIES FOR MEMBERS 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6938 0 1 82 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X ROGER BALLARD 9258478317 6001 GIBRALTAR DRIVE PLEASANTON GA 94588 SUSAN WALLS TREASURER/SECRETARY 1.00 X 0 0 0 BRIAN SCHULTZ EXEUTIVE VICE CHAIRPERSON 1.00 X 1378 0 0 DIANE BAILEY BOARD MEMBER 1.00 X 0 0 0 PATRICIA CARLSON BOARD MEMBER 1.00 X 0 0 0 TRACY THAMES BOARD MEMBER 1.00 X 7105 0 0 JASON CHANG 1ST VICE CHAIRPERSON 1.00 X 4310 0 0 FRANCIS ZAMPELLA PRESIDENT/CEO/CHAIRPERSON 40.00 X X 281706 0 1847 THOMAS GRAVES PRESIDENT/CEO 40.00 X 485781 0 4083 LYNN LUU ACCOUNTING MANAGER 40.00 X 175578 0 38180 STEFANY CHADBON-HOOKE VP & CHIEF PEOPLE OFFICER 40.00 X 594128 0 19358 ERWIN YALUNG OPERATIONS MANAGER 40.00 X 131946 0 16572 STEVEN PAGE VP & CHIEF MARKETNG, DIGIT 40.00 X 221918 0 26602 AMRITA PRASAD VP & CHIEF LENDING & COLLE 40.00 X 221918 0 31267 PABLO CORNEJO RETAIL BRANCH MANAGER 40.00 X 221718 0 19901 2347486 0 157810 14 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 DEBIT/VISA CARD PROCESSING 589035 BANKJOY 145 SILVERNOIS RD POCHESTER HILLS MI 48307 HOME/MOBILE/ONLINE BANKING 226945 GILA TECHNOLOGIES INC PO BOX 200885 PITTSBURGH PA 15251 TELECOMMUNICATIONS 188020 DOXIM INC PO BOX 933472 CLEVELAND OH 44193 STATEMENTS/NOTICES MAILING 178112 MARQUIS SOFTWARE SOLUTIONS DEPT 730069 PO BOX 660919 DALLAS TX 75266 MARKETING ONBOARDING/REBOARDING 166395 18 LOAN INCOME 522100 19938391 19938391 FEES, CHARGES & OTHER 522100 2300832 2300832 FINANCE & INSURANCE 520000 49425 49425 22288648 2185232 2185232 24473880 22239223 49425 2185232 X 5000 5782582 999968 4612910 200364 784074 419825 146594 15567 494331 406181 859946 576086 833384 317011 426150 235658 PROVISION FOR LOAN LOSS 1938173 MISCELLANEOUS 1070455 DEBIT AND CREDIT CARD E 970484 HOME BANKING AND BILLPA 325683 994772 22415198 5543363 3348903 2559641 26306348 150964 146646 445707501 421848932 1168560 993680 15529339 9793458 6146233 5735881 44527236 39981643 9468400 18522700 16877009 10679472 532148907 527564205 2893837 3191734 30000000 488213196 453713182 491107033 486904916 X 0 0 0 0 41041874 40659289 41041874 40659289 532148907 527564205 X 2058682 54435 -2495702 X X 0 1 X 1 0 2762915 2762915 4562621 2453812 2108809 3141617 2534287 607330 5062186 4805359 256827 5735881 DEFERRED COMPENSATION PLAN 344056 MEMBER ACCOUNTS 453369126 453713182 X 24473880 0 24473880 0 24473880 22415198 0 22415198 0 22415198 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. X X 1 1 X X X 0 0 0 STEFANY CHADBON-HOOKE VP & CHIEF PEOPLE OFFICER 195024 0 15000 0 384104 0 6344 0 13014 0 613486 0 0 0 THOMAS GRAVES PRESIDENT/CEO 60781 0 0 0 425000 0 1858 0 2225 0 489864 0 0 0 FRANCIS ZAMPELLA PRESIDENT/CEO/CHAIRPERSON 281706 0 0 0 0 0 1847 0 0 0 283553 0 0 0 AMRITA PRASAD VP & CHIEF LENDING & COLLE 181418 0 40500 0 0 0 6800 0 24467 0 253185 0 0 0 STEVEN PAGE VP & CHIEF MARKETNG, DIGIT 181418 0 40500 0 0 0 6800 0 19802 0 248520 0 0 0 PABLO CORNEJO RETAIL BRANCH MANAGER 191218 0 30500 0 0 0 6335 0 13566 0 241619 0 0 0 LYNN LUU ACCOUNTING MANAGER 165778 0 9800 0 0 0 5368 0 32812 0 213758 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF EMPLOYEES WITH THE NORTHERN CALIFORNIA DIVISION AND CORPORATE OFFICES OF SAFEWAY, INC.; EMPLOYEES OF GENENTECH, A SUBSIDIARY OF ROCHE INC.; AND ANYONE WHO LIVES, WORKS, ATTENDS SCHOOL OR WORSHIPS IN THE COUNTIES OF SAN MATEO, ALAMEDA, CONTRA COSTA, AND SANTA CLARA, CALIFORNIA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS MAY BE AMENDED ONLY WITH THE CONSENT OF THE MEMBERS IF THE AMENDMENT WOULD (A) MATERIALLY AND ADVERSELY AFFECT THE RIGHTS OF MEMBERS AS TO VOTING, (B) INCREASE OR DECREASE THE NUMBER OF MEMBERS AUTHORIZED IN TOTAL OR FOR ANY CLASS, (C) EFFECT AN EXCHANGE, RECLASSIFICATION CANCELLATION OF ALL OR PART OF THE MEMBERSHIPS, (D) AUTHORIZE A NEW CLASS OF MEMBERSHIP, (E) SPECIFY OR CHANGE A FIXED NUMBER OF DIRECTORS OR CHANGE THE NUMBER OF MEMBERS OF THE BOARD FROM A FIXED TO A VARIABLE NUMBER, (F) EXTEND THE TERM OF A DIRECTOR BEYOND THE TERM FOR WHICH THE DIRECTOR WAS ELECTED, OR (G) REPEAL, RESTRICT, CREATE OR EXPAND PROXY RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD DOES NOT RECEIVE A COPY OF THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AS SOON AS EMPLOYEE OR VOLUNTEER OFFICIAL BECOMES AWARE OF A CONFLICT OF INTEREST, THE MATTER SHOULD BE REPORTED IN WRITING. EMPLOYEES OTHER THAN THE CHIEF EXECUTIVE OFFICER REPORT TO THEIR IMMEDIATE SUPERVISORS. THE CHIEF EXECUTIVE OFFICER OR VOLUNTEER OFFICIAL REPORTS TO THE BOARD OF DIRECTORS. REPORTS SHOULD BE MADE AS SOON AS THE EMPLOYEE OR VOLUNTEER OFFICIAL BECOME AWARE OF FACTS OR CIRCUMSTANCES THAT CREATE AN ACTUAL OR APPARENT CONFLICT OF INTEREST. IT IS THE EMPLOYEE'S AND VOLUNTEER'S RESPONSIBILITY TO NOTIFY HUMAN RESOURCES OF ANY PERSONAL CIRCUMSTANCES THAT MIGHT PRESENT A CONFLICT OF INTEREST IN TERMS OF THE POLICY. CONFLICTS WITH THE POLICY WILL BE HANDLED ON A CASE-BY-CASE BASIS. IN EACH INSTANCE, HUMAN RESOURCES AND MANAGEMENT WILL DETERMINE WHETHER A TRANSFER OR SOME OTHER ACCOMMODATION CAN BE ARRANGED, OR WHETHER ONE OF THE EMPLOYEES WILL HAVE TO RESIGN OR BE DISMISSED. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DECIDED BY THE BOARD OF DIRECTORS WITH HELP FROM THE VP OF HUMAN RESOURCES. KEY EMPLOYEES' COMPENSATION IS DECIDED BY THE CEO AND VP OF HUMAN RESOURCES. COMPARATIVE DATA IS USED IN THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E COLLECTIONS AND CREDIT 285,126. NEW MEMBER MATRIX 162,636. EXCESS SHARE INSURANCE 123,143. SHARED BRANCH FEES 104,517. LOS SYSTEM 97,049. ATM EXPENSES 89,704. CORPORATE AND OTHER BANK FEES 55,162. REAL ESTATE ORIGINATION & FEES 39,417. LOAN SERVICING EXPENSE 25,889. TRAINING/DEVELOPMENT 12,129. FORM 990, PART XI, LINE 9: NET CHANGE IN DEFINED BEENFIT PLAN 49,325. CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -2,545,027. 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.