CREDIT UNIONS IN THE STATE OF CALIFORNIA: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS IN THE STATE OF CALIFORNIA (EIN 94-1521987)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-13
- IRS object ID
- 202423189349309462
- 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 | 2024-11-13T15:42:21-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 954083485 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TURNER WARREN HWANG & CONRAD ACCTCY | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 NORTH FIRST ST STE 202 | AddressLine1Txt |
| City | BURBANK | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91502 | 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 | 941521987 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERIWEST CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERI | BusinessNameControlTxt |
| Phone | 4089725222 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5615 CHESBRO AVENUE | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95123 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRIAN HENNESSEY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4089725222 | PhoneNum |
| Signature | 2024-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | VALENTINO CREUS CPA | PreparerPersonNm |
| PTIN | P01054153 | PTIN |
| Phone | 8189549700 | PhoneNum |
| 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 | LISA PESTA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5615 CHESBRO AVENUE | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95123 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $101,079,580 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MERIWEST.COM | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CREDIT UNION | OtherOrganizationDsc |
| Formation | 1961 | 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 | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 282 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $74,265 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $68,734,004 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $86,819,720 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,928,995 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,592,856 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,687,664 | PYOtherRevenueAmt |
| CY Other Revenue | $667,004 | CYOtherRevenueAmt |
| PY Total Revenue | $77,350,663 | PYTotalRevenueAmt |
| CY Total Revenue | $101,079,580 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $54,399 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $12,900 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $34,187,244 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $32,607,436 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $34,090,382 | PYOtherExpensesAmt |
| CY Other Expenses | $65,960,135 | CYOtherExpensesAmt |
| PY Total Expenses | $68,332,025 | PYTotalExpensesAmt |
| CY Total Expenses | $98,580,471 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $9,018,638 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,499,109 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,248,988,827 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,193,062,292 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,106,796,535 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,037,083,386 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $142,192,292 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $155,978,906 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MERIWEST 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, MERIWEST 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 UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | MERIWEST CREDIT UNION PROVIDED MEMBERS 1,146 REAL ESTATE BASE LOANS TOTALING OVER 700 MILLION IN 2023. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MERIWEST CREDIT UNION PROVIDED MEMBERS 22,230 CONSUMER LOANS TOTALING OVER $380 MILLION IN 2023. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MERIWEST CREDIT UNION OFFERED LOANS, DEPOSITS AND OTHER SERVICES TO 80,393 MEMBERS IN 2023. | 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 | Yes (1) | 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 | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | 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 | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 25403 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 282 | 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 |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | 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 | Yes (1) | 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 |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRIAN HENNESSEY CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4083633200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5615 CHESBRO AVENUE | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95123 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| DRARTHUR L JUE | ||||||||
| CHAIRPERSON | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT TIMPE | ||||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| HARSHA VYAS | ||||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LAUREN BURCH | ||||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| UDEY CHAUDHRY | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| EDWIN MACH | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STAN CHAPMAN | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE GOVEIA | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM HICKS | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILIP FLUEGEMANN | ||||||||
| SUPV CMTE CHAIRPERSON | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| TAYLOR LEE | ||||||||
| SUPV CMTE MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JASON LAKER | ||||||||
| SUPV CMTE MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LISA MARIE PESTA | ||||||||
| PRESIDENT/CEO | 40.00 | $578,215 | $0 | $27,226 | Yes (X) | |||
| JULIE ANN KIRSCH FORMER | ||||||||
| PRESIDENT/CEO | 40.00 | $419,630 | $0 | $21,922 | Yes (X) | |||
| BRIAN HENNESSEY | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | $503,393 | $0 | $47,448 | Yes (X) | |||
| JEFF BARNES | ||||||||
| SVP, CHIEF LENDING OFFICER | 40.00 | $642,600 | $0 | $10,011 | Yes (X) | |||
| MARY ELLEN SNIDER | ||||||||
| SVP, OPERATIONAL RISK & COMPLIANCE | 40.00 | $112,741 | $0 | $3,953 | Yes (X) | |||
| LINA ESTHER HESS | ||||||||
| VP, CHIEF TECHNOLOGY OFFICER | 40.00 | $319,516 | $0 | $45,631 | Yes (X) | |||
| JIHONG HUANG | ||||||||
| VP, CHIEF TREASURY OFFICER | 40.00 | $306,377 | $0 | $27,656 | Yes (X) | |||
| GENNADY FICHTENHOLZ | ||||||||
| VP, DIGITAL STRATEGY AND ENGAGEMENT | 40.00 | $278,154 | $0 | $29,706 | Yes (X) | |||
| MELISSA A CLEBORNE | ||||||||
| VP, CHIEF HUMAN RESOURCES OFFICER | 40.00 | $243,433 | $0 | $23,728 | Yes (X) | |||
| ROSE ELAINE PALACIO-JOHNSON | ||||||||
| VP, BUSINESS LENDING | 40.00 | $238,549 | $0 | $20,913 | Yes (X) | |||
| CYNTHIA DELACERDA WATSON | ||||||||
| VP, CHIEF RISK & OPERATIONS OFFICER | 40.00 | $231,334 | $0 | $33,665 | Yes (X) | |||
| AMJAD ELIAS | ||||||||
| VP, RETAIL DELIVERY | 40.00 | $212,894 | $0 | $43,345 | Yes (X) | |||
| BRANDI HOFFMAN-OOKA | ||||||||
| VP, CONSUMER & FINTECH LENDING | 40.00 | $200,169 | $0 | $6,262 | Yes (X) | |||
| TERESA CASERAS | ||||||||
| VP, MARKETING | 40.00 | $187,068 | $0 | $26,619 | Yes (X) | |||
| WILLIAM H SCHETTLER | ||||||||
| VP, COLLECTIONS | 40.00 | $159,693 | $0 | $26,656 | Yes (X) | |||
| KEITH FRANCE | ||||||||
| FINANCIAL ADVISOR | 40.00 | $300,078 | $0 | $21,237 | Yes (X) | |||
| ANDREW NGUYEN | ||||||||
| FINANCIAL ADVISOR | 40.00 | $235,671 | $0 | $26,656 | Yes (X) | |||
| ERNESTO SEGOVIA | ||||||||
| AVP, NETWORK OPERATIONS | 40.00 | $231,618 | $0 | $27,956 | Yes (X) | |||
| JEAN CHRISTOPHE LABEAU | ||||||||
| AVP, INFORMATION TECHNOLOGY DEVELOPMENT | 40.00 | $209,317 | $0 | $10,921 | Yes (X) | |||
| JOHN KWAN | ||||||||
| ASSISTANT CONTROLLER | 40.00 | $195,255 | $0 | $28,156 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,805,705 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $509,667 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 72 | 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 |
|---|---|---|---|---|---|
| JACK HENRY & ASSOCIATES INC | |||||
| 663 W HWY 60 | MONETT | MO | 65708 | IT SERVICES | $1,030,785 |
| NCR CORPORATION | |||||
| 864 SPRING ST NW | ATLANTA | GA | 30308 | IT SERVICES | $841,582 |
| FTSI | |||||
| 406 E HUNTINGTON DR SUITE 100 | MONROVIA | CA | 91016 | IT SERVICES | $500,710 |
| PIVOT INTERIORS INC | |||||
| 3355 SCOTT BLVD STE 110 | SANTA CLARA | CA | 95054 | WORKPLACE DEVELOPMENTS | $377,058 |
| INFO IMAGE | |||||
| 175 SOUTH HILL DRIVE | BRISBANE | CA | 94005 | IT SERVICES | $245,290 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $77,653,502 | $77,653,502 | |
| OTHER OPERATING INCOME | 522100 | $4,733,539 | $4,702,714 | $30,825 |
| FEE INCOME | 522100 | $4,432,679 | $4,389,239 | $43,440 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $86,819,720 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,592,856 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,592,856 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GAIN ON SALES OF LOANS | 522100 | $548,118 | $548,118 |
| OTHER NON-INTEREST INC | 522100 | $118,886 | $118,886 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $667,004 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $101,079,580 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $101,005,315 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $74,265 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,250 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,650 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,805,705 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,626,316 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,389,041 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,084,826 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,701,548 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,238 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,043 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,628,699 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,657,104 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,578,582 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $448,696 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,999,883 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,202 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,147,019 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,171,515 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,729 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN & LE | $9,579,693 |
| LOAN SERVICING EXPENSE | $1,278,977 |
| OPERATING FEES | $252,852 |
| MISC OPERATING EXPENSE | $143,903 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,580,471 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,694,538 | BOYAmt |
| EOY | $12,504,768 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,579,216 | BOYAmt |
| EOY | $62,848,894 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,924,827 | BOYAmt |
| EOY | $5,257,269 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,588,318 | BOYAmt |
| EOY | $8,045,610 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $28,301,711 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $23,176,031 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,140,526 | BOYAmt |
| EOY | $5,125,680 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $315,120,471 | BOYAmt |
| EOY | $297,214,416 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,804,095,829 | BOYAmt |
| EOY | $1,761,245,652 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,845,102 | BOYAmt |
| EOY | $40,820,003 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,248,988,827 | BOYAmt |
| EOY | $2,193,062,292 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,839,590 | BOYAmt |
| EOY | $25,231,400 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,081,956,945 | BOYAmt |
| EOY | $2,011,851,986 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,106,796,535 | BOYAmt |
| EOY | $2,037,083,386 | 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 | $142,192,292 | BOYAmt |
| EOY | $155,978,906 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,192,292 | BOYAmt |
| EOY | $155,978,906 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,248,988,827 | BOYAmt |
| EOY | $2,193,062,292 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,499,109 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $8,390,951 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $2,896,554 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,843,986 | OtherCostOrOtherBasisAmt |
| Book Value | $1,843,986 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,252,697 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,796,587 | DepreciationAmt |
| Book Value | $456,110 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,029,625 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,607,342 | DepreciationAmt |
| Book Value | $1,422,283 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,175,403 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,772,102 | DepreciationAmt |
| Book Value | $1,403,301 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,125,680 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALL OTHER INVESTMENTS | $12,842,117 | F |
| TOTAL LOANS AND LEASES | $1,726,717,028 | F |
| NCUA INSURANCE DEPOSIT | $15,502,402 | C |
| DEPOSITS IN COMMERCIAL BANKS | $3,221,000 | C |
| LOANS HELD FOR SALE | $2,963,105 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $1,761,245,652 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| TOTAL SHARES AND DEPOSITS | $1,756,810,302 |
| BORROWINGS | $255,041,684 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,011,851,986 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED 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 WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED SEPTEMBER 30, 2023, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHILDREN'S MIRACLE NETWORK | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 WEST 700 SOUTH | AddressLine1Txt |
| City | SALT LAKE CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 84101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 870387205 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $5,800 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Purpose Of Grant | TO HELP CHILDREN'S MIRACLE NETWORK HOSPITALS (CMN HOSPITALS) PROVIDE THE BEST CARE FOR CHILDREN | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LISA MARIE PESTA | ||||||||||||||
| PRESIDENT/CEO | $488,283 | $0 | $58,000 | $0 | $31,932 | $0 | $5,702 | $0 | $21,524 | $0 | $605,441 | $0 | $0 | $0 |
| JULIE ANN KIRSCH FORMER | ||||||||||||||
| PRESIDENT/CEO | $140,602 | $0 | $150,695 | $0 | $128,333 | $0 | $18,757 | $0 | $3,165 | $0 | $441,552 | $0 | $0 | $0 |
| BRIAN HENNESSEY | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $389,453 | $0 | $108,000 | $0 | $5,940 | $0 | $22,500 | $0 | $24,948 | $0 | $550,841 | $0 | $0 | $0 |
| JEFF BARNES | ||||||||||||||
| SVP, CHIEF LENDING OFFICER | $262,325 | $0 | $52,000 | $0 | $328,275 | $0 | $0 | $0 | $10,011 | $0 | $652,611 | $0 | $0 | $0 |
| LINA ESTHER HESS | ||||||||||||||
| VP, CHIEF TECHNOLOGY OFFICER | $271,810 | $0 | $36,500 | $0 | $11,206 | $0 | $22,500 | $0 | $23,131 | $0 | $365,147 | $0 | $0 | $0 |
| JIHONG HUANG | ||||||||||||||
| VP, CHIEF TREASURY OFFICER | $268,357 | $0 | $36,000 | $0 | $2,020 | $0 | $0 | $0 | $27,656 | $0 | $334,033 | $0 | $0 | $0 |
| GENNADY FICHTENHOLZ | ||||||||||||||
| VP, DIGITAL STRATEGY AND ENGAGEMENT | $229,320 | $0 | $47,015 | $0 | $1,819 | $0 | $0 | $0 | $29,706 | $0 | $307,860 | $0 | $0 | $0 |
| MELISSA A CLEBORNE | ||||||||||||||
| VP, CHIEF HUMAN RESOURCES OFFICER | $212,011 | $0 | $23,400 | $0 | $8,022 | $0 | $0 | $0 | $23,728 | $0 | $267,161 | $0 | $0 | $0 |
| ROSE ELAINE PALACIO-JOHNSON | ||||||||||||||
| VP, BUSINESS LENDING | $130,553 | $0 | $17,000 | $0 | $90,996 | $0 | $0 | $0 | $20,913 | $0 | $259,462 | $0 | $0 | $0 |
| CYNTHIA DELACERDA WATSON | ||||||||||||||
| VP, CHIEF RISK & OPERATIONS OFFICER | $204,656 | $0 | $25,030 | $0 | $1,648 | $0 | $0 | $0 | $33,665 | $0 | $264,999 | $0 | $0 | $0 |
| AMJAD ELIAS | ||||||||||||||
| VP, RETAIL DELIVERY | $185,801 | $0 | $24,400 | $0 | $2,693 | $0 | $21,501 | $0 | $21,844 | $0 | $256,239 | $0 | $0 | $0 |
| BRANDI HOFFMAN-OOKA | ||||||||||||||
| VP, CONSUMER & FINTECH LENDING | $172,376 | $0 | $25,000 | $0 | $2,793 | $0 | $3,993 | $0 | $2,269 | $0 | $206,431 | $0 | $0 | $0 |
| TERESA CASERAS | ||||||||||||||
| VP, MARKETING | $161,728 | $0 | $24,500 | $0 | $840 | $0 | $0 | $0 | $26,619 | $0 | $213,687 | $0 | $0 | $0 |
| WILLIAM H SCHETTLER | ||||||||||||||
| VP, COLLECTIONS | $136,772 | $0 | $21,000 | $0 | $1,921 | $0 | $0 | $0 | $26,656 | $0 | $186,349 | $0 | $0 | $0 |
| KEITH FRANCE | ||||||||||||||
| FINANCIAL ADVISOR | $287,716 | $0 | $10,000 | $0 | $2,362 | $0 | $0 | $0 | $21,237 | $0 | $321,315 | $0 | $0 | $0 |
| ANDREW NGUYEN | ||||||||||||||
| FINANCIAL ADVISOR | $225,825 | $0 | $8,015 | $0 | $1,831 | $0 | $0 | $0 | $26,656 | $0 | $262,327 | $0 | $0 | $0 |
| ERNESTO SEGOVIA | ||||||||||||||
| AVP, NETWORK OPERATIONS | $217,440 | $0 | $6,682 | $0 | $7,496 | $0 | $0 | $0 | $27,956 | $0 | $259,574 | $0 | $0 | $0 |
| JEAN CHRISTOPHE LABEAU | ||||||||||||||
| AVP, INFORMATION TECHNOLOGY DEVELOPM | $201,660 | $0 | $6,099 | $0 | $1,558 | $0 | $0 | $0 | $10,921 | $0 | $220,238 | $0 | $0 | $0 |
| JOHN KWAN | ||||||||||||||
| ASSISTANT CONTROLLER | $180,074 | $0 | $12,567 | $0 | $2,614 | $0 | $0 | $0 | $28,156 | $0 | $223,411 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINES 4A-B | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION OFFERS A SERP TO ITS SENIOR MANAGEMENT TEAM. THE PLAN PROVIDES FOR THE PAYMENT OF $300,000 TO EACH PERSON AT DATES CERTAIN WITH CLIFF VESTING. THE PLAN IS FUNDED BY A COLI CONTRACT PURCHASED FOR THE BENEFIT OF THE CREDIT UNION. THE PARTICIPANTS IN THE PLAN ARE BRIAN HENNESSEY AND LISA PESTA. JEFF BARNES RECEIVED SEVERANCE PAYMENT IN 2023. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (11 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| LISA PESTA | |||||||
| OFFICER | FIRST MORTGAGE | Yes (X) | $456,000 | $333,295 | 0 | Yes (1) | Yes (1) |
| LISA PESTA | |||||||
| OFFICER | HOME EQUITY LOAN | Yes (X) | $57,000 | $14,678 | 0 | Yes (1) | Yes (1) |
| LINA HESS | |||||||
| KEY EMPLOYEE | FIRST MORTGAGE | Yes (X) | $510,400 | $423,679 | 0 | Yes (1) | Yes (1) |
| MELISSA CLEBORNE | |||||||
| HCE | HOME EQUITY LOAN | Yes (X) | $91,686 | $32,748 | 0 | Yes (1) | Yes (1) |
| MELISSA CLEBORNE | |||||||
| HCE | FIRST MORTGAGE | Yes (X) | $680,000 | $621,701 | 0 | Yes (1) | Yes (1) |
| JIHONG HUANG | |||||||
| KEY EMPLOYEE | FIRST MORTGAGE | Yes (X) | $2,000,000 | $1,858,384 | 0 | Yes (1) | Yes (1) |
| JIHONG HUANG | |||||||
| KEY EMPLOYEE | HELOC | Yes (X) | $692,800 | $797,486 | 0 | Yes (1) | Yes (1) |
| JIHONG HUANG | |||||||
| KEY EMPLOYEE | ECO NEW AUTO | Yes (X) | $78,522 | $66,471 | 0 | Yes (1) | Yes (1) |
| CYNTHIA WATSON | |||||||
| HCE | FIRST MORTGAGE | Yes (X) | $637,000 | $584,588 | 0 | Yes (1) | Yes (1) |
| GENNADY FICHTENHOLZ | |||||||
| KEY EMPLOYEE | HELOC | Yes (X) | $250,000 | $18,171 | 0 | Yes (1) | Yes (1) |
| GENNADY FICHTENHOLZ | |||||||
| KEY EMPLOYEE | FIRST MORTGAGE | Yes (X) | $548,250 | $506,068 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $5,257,269 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MERIWEST CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. MERIWEST CREDIT UNION DOES NOT HAVE STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNING BOARD OF MERIWEST CREDIT UNION 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 OUR 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 | THE FORM 990 IS MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | A COPY OF THE EMPLOYEE HANDBOOK IS INCLUDED AS PART OF THE BOARD'S CONSENT CALENDAR ANNUALLY AND ALL STAFF REVIEW AND ACKNOWLEDGE COMPLIANCE WITH THE EMPLOYEE HANDBOOK ON AN ANNUAL BASIS. THE BOARD'S CONFLICT OF INTEREST POLICY IS REVIEWED AND ACKNOWLEDGED AT ONBOARDING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPANY HAS PURCHASED AN ANNUAL SUBSCRIPTION TO A COMPENSATION PROGRAM CALLED BALANCED COMP. THIS MANAGES ALL OUR SALARIES. IN ADDITION HR PARTICIPATES IN 3-4 CREDIT UNION SALARY SURVEYS FOR EXECUTIVES. THIS INFORMATION IS ALSO PROVIDED TO THE PERSONNEL PRACTICES COMMITTEE OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION FINANCIAL CENTERS MONTHLY. THE CONFLICT OF INTEREST POLICY IS POSTED ON THE CREDIT UNION WEBSITE ANNUALLY IN THE NOMINATION PACKET. THE ANNUAL REPORT IS PUBLISHED ON THE CREDIT UNION WEBSITE AND IT CONTAINS ANNUAL FINANCIAL STATEMENTS AS WELL. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST PROVIDED THERE IS NO RULE OR REGULATION GOVERNING PROHIBITION OF GIVING OUT THE INFORMATION. |
| FORM 990, PART XI, LINE 9: | CHANGES IN OTHER COMPREHENSIVE INCOME 836,608. CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) 2,059,946. |
| FORM 990, PART XI, LINE 2C | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION: MERIWEST CREDIT UNION 5615 CHESBRO AVENUE SAN JOSE, CA 95123 TAXPAYER IDENTIFICATION NUMBER: 94-1521987 FOR THE YEAR ENDING DECEMBER 31, 2023. MERIWEST CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC.1.263(A)-1(F). |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| MERIWEST MORTGAGE COMPANY LLC | |||||||||
| 5615 CHESBRO AVE SUITE 120 | SAN JOSE | CA | 951233046 | 470847322 | FINANCIAL PRODUCTS, MORTGAGE | CA | $5,182,904 | $35,138,278 | MERIWEST CREDIT UNION |
| MERIWEST WEALTH ADVISORS LLC | |||||||||
| 5615 CHESBRO AVE SUITE 120 | SAN JOSE | CA | 951233046 | 811392554 | FINANCIAL PRODUCTS | CA | $638,601 | $2,754,668 | MERIWEST CREDIT UNION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| MERIWEST MORTGAGE COMPANY LLC | ||
| P | $1,039,022 | ACTUAL AMOUNT PAID |
| MERIWEST MORTGAGE COMPANY LLC | ||
| Q | $98,468 | ACTUAL AMOUNT PAID |
| MERIWEST WEALTH ADVISORS LLC | ||
| Q | $639,205 | ACTUAL AMOUNT PAID |
| MERIWEST MORTGAGE COMPANY LLC | ||
| A | $47,184 | ACTUAL AMOUNT PAID |
| MERIWEST WEALTH ADVISORS LLC | ||
| A | $3,000 | ACTUAL AMOUNT PAID |
| MERIWEST WEALTH ADVISORS LLC | ||
| P | $183,363 | ACTUAL AMOUNT PAID |