PREMIER AMERICA CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PREMIER AMERICA CREDIT UNION (EIN 95-3442691)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202433199349302173
- 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 | 2024-11-14T08:51:46-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4650 EAST 53RD STREET | AddressLine1Txt |
| City | DAVENPORT | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 528073479 | 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 | 953442691 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PREMIER AMERICA CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PREM | BusinessNameControlTxt |
| Phone | 8187724011 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19867 PRAIRIE STREET | AddressLine1Txt |
| City | CHATSWORTH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91311 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | IE-CHEN CHENG | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 8187724011 | PhoneNum |
| Signature | 2024-11-11 | 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 | JENIFER L CHASE | PreparerPersonNm |
| PTIN | P01306883 | PTIN |
| Phone | 5638884000 | PhoneNum |
| Preparation | 2024-11-11 | 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 | RODOLFO J PEREIRA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19867 PRAIRIE STREET | AddressLine1Txt |
| City | CHATSWORTH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91311 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $158,602,721 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 1526 | GroupExemptionNum |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PREMIERAMERICA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1957 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 503 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $1,591,123 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $102,847 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $119,143,288 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $145,203,719 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,741,861 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,234,873 | CYInvestmentIncomeAmt |
| PY Other Revenue | $185,182 | PYOtherRevenueAmt |
| CY Other Revenue | $164,129 | CYOtherRevenueAmt |
| PY Total Revenue | $127,070,331 | PYTotalRevenueAmt |
| CY Total Revenue | $158,602,721 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $322,066 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $430,424 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $43,634,318 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $46,947,267 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $65,862,295 | PYOtherExpensesAmt |
| CY Other Expenses | $103,253,852 | CYOtherExpensesAmt |
| PY Total Expenses | $109,818,679 | PYTotalExpensesAmt |
| CY Total Expenses | $150,631,543 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $17,251,652 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,971,178 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,773,072,753 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,473,374,773 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,477,250,353 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,163,402,845 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $295,822,400 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $309,971,928 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST 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, PREMIER AMERICA 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 | PREMIER AMERICA CREDIT UNION ENCOURAGED AND PROMOTED SAVINGS AND ACQUIRED 9,806 NEW MEMBERS IN 2023. TOTAL MEMBERSHIP STOOD AT 110,927 AS OF DECEMBER 31, 2023 WHILE THE ORGANIZATION CONTINUED TO PAY MEMBERS FAVORABLE DIVIDEND RATES ON THEIR SAVINGS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PREMIER AMERICA CREDIT UNION CONTINUED TO MEET THE MORTGAGE NEEDS OF FIRST-TIME HOME BUYERS. DURING THE YEAR, THE ORGANIZATION GRANTED 338 REAL ESTATE LOANS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PREMIER AMERICA CREDIT UNION'S CORE VALUES AND PURPOSE DRIVE OUR COMMITMENT TO SERVING MEMBERS AND LOCAL COMMUNITIES. IN 2023, OUR DEDICATION TO GIVING BACK WAS OF PARAMOUNT IMPORTANCE AS PREMIER AMERICA CREDIT UNION DONATED $473,516 TO LOCAL CHARITIES AND COMMUNITY ORGANIZATIONS AND TEAM MEMBERS INVESTED OVER 600 HOURS OF SERVICE TO NONPROFIT ORGANIZATIONS. PREMIER AMERICA CREDIT UNION IS FOCUSED ON PROVIDING SAFE, RESPONSIBLE AND AFFORDABLE FINANCIAL SERVICES TO HELP MEMBERS REACH THEIR DREAMS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | 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 | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | 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 | 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 | 42950 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 503 | 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 | 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 | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| 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 | ENEDINA GONZALEZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8187724011 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19867 PRAIRIE STREET | AddressLine1Txt |
| City | CHATSWORTH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91311 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| GARY HOLMEN | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $3,810 | $0 | $0 | ||
| JOANN KLONOWSKI | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $400 | $0 | $0 | ||
| BILL HAMPEL | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $3,531 | $0 | $0 | |||
| LARRY MARTIN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $2,108 | $0 | $0 | |||
| WILLIAM COLE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $3,144 | $0 | $0 | |||
| LARRY COLSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $2,559 | $0 | $0 | |||
| MECHELLE BEST | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $400 | $0 | $0 | |||
| ERIC GOLDNER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $2,158 | $0 | $0 | |||
| EVA GOMEZ | ||||||||
| SECRETARY/TREASURER | 1.00 | Yes (X) | Yes (X) | $3,029 | $0 | $0 | ||
| RODOLFO PEREIRA | ||||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | $935,197 | $0 | $1,236,179 | |||
| IE-CHEN CHENG | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $435,257 | $0 | $35,522 | |||
| TONI DANIELS | ||||||||
| CHIEF ADMINISTRATIVE OFFICER | 40.00 | $387,975 | $0 | $44,367 | Yes (X) | |||
| ERNESTO NORONA | ||||||||
| CHIEF OPERATIONS OFFICER | 40.00 | $405,717 | $0 | $67,249 | Yes (X) | |||
| JANAKIRMANA YANDAPALLI | ||||||||
| FORMER CHIEF TECH OFFICER | 40.00 | $341,134 | $0 | $42,965 | Yes (X) | |||
| MARCIA GIRARDI | ||||||||
| CHIEF EXPERIENCE OFFICER | 40.00 | $383,515 | $0 | $50,142 | Yes (X) | |||
| DAVID FITZGERALD | ||||||||
| CHIEF LENDING OFFICER | 40.00 | $327,391 | $0 | $30,530 | Yes (X) | |||
| SHELLEY TAM | ||||||||
| CHIEF PEOPLE OFFICER | 40.00 | $288,197 | $0 | $64,369 | Yes (X) | |||
| KELLY KARREN | ||||||||
| FINANCIAL ADVISOR | 40.00 | $389,924 | $0 | $33,397 | Yes (X) | |||
| ANTHONY VELARDE | ||||||||
| FINANCIAL ADVISOR | 40.00 | $314,705 | $0 | $43,294 | Yes (X) | |||
| TAMARA SCOTT | ||||||||
| VP, RETAIL DELIVER | 40.00 | $230,181 | $0 | $41,436 | Yes (X) | |||
| CHARLES KIM | ||||||||
| VP, COMMERCIAL LENDING | 40.00 | $240,550 | $0 | $22,874 | Yes (X) | |||
| TODD HELMERSON | ||||||||
| VP, RESIDENTIAL LENDING | 40.00 | $220,293 | $0 | $28,672 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,921,175 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,740,996 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 90 | 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 |
|---|---|---|---|---|---|
| Q2 SOFTWARE INC | |||||
| 13785 RESEARCH BLVD SUITE 150 | AUSTIN | TX | 78750 | ONLINE BANKING | $2,094,838 |
| AXELLIANT LLC | |||||
| 21250 HAWTHORN BLVD STE 500 | TORRANCE | CA | 90503 | DATA PROCESSING/CONSULTING | $1,385,463 |
| JACK HENRY AND ASSOCIATES | |||||
| PO BOX 609 | MONETT | MO | 65708 | DATA PROCESSING | $1,124,628 |
| STRUM AGENCY | |||||
| 2033 SIXTH AVE STE 600 | SEATTLE | WA | 98121 | ADVERTISING/MARKETING | $957,554 |
| THE UNIVERSITY CORPORATION | |||||
| 18111 NORDHOFF STREET | NORTHRIDGE | CA | 91330 | ADVERTISING/MARKETING | $739,709 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 66 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INCOME FROM MEMBER LOANS | 522100 | $130,584,383 | $130,584,383 | |
| INTERCHANGE INCOME | 522100 | $5,933,891 | $5,933,891 | |
| SERVICE CHARGES & OTHER FEES | 522100 | $4,509,457 | $4,269,577 | $239,880 |
| INVESTMENT BROKERAGE COMMISSIONS | 523000 | $2,531,483 | $2,531,483 | |
| OTHER NON-INTEREST INCOME | 522100 | $1,644,505 | $293,262 | $1,351,243 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $145,203,719 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,234,873 | TotalRevenueColumnAmt |
| Exclusion | $13,234,873 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $164,129 | 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 | $164,129 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $164,129 | TotalRevenueColumnAmt |
| Exclusion | $164,129 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $158,602,721 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $143,612,596 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,591,123 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,399,002 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $430,424 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,096,842 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,646,027 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,613,198 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,782,893 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,808,307 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $469,174 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514,348 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,139,295 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,087,764 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,046,322 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,324,891 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,044 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,622,228 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $522,720 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $551,541 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,951,663 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,500,890 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,325 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DIVIDENDS PAID TO MEMBE | $48,154,694 |
| PROVISION FOR LOAN LOSS | $5,340,000 |
| LOAN PROCESSING EXPENSE | $3,025,749 |
| INCOME TAX EXPENSE | $370,767 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,013,437 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,631,543 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,375,570 | BOYAmt |
| EOY | $115,129,040 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,257,929 | BOYAmt |
| EOY | $12,560,193 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,697,748 | BOYAmt |
| EOY | $5,637,749 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,191,037,464 | BOYAmt |
| EOY | $2,926,004,905 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,126,772 | BOYAmt |
| EOY | $3,892,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $42,900,472 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,590,333 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,698,881 | BOYAmt |
| EOY | $18,310,139 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $372,292,763 | BOYAmt |
| EOY | $331,539,078 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,000,000 | BOYAmt |
| EOY | $15,000,000 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,710,450 | BOYAmt |
| EOY | $1,034,434 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,875,176 | BOYAmt |
| EOY | $44,266,265 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,773,072,753 | BOYAmt |
| EOY | $3,473,374,773 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,867,961 | BOYAmt |
| EOY | $23,861,061 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $387,413 | BOYAmt |
| EOY | $266,667 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $375,000,000 | BOYAmt |
| EOY | $280,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,085,994,979 | BOYAmt |
| EOY | $2,859,275,117 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,477,250,353 | BOYAmt |
| EOY | $3,163,402,845 | 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 | $295,822,400 | BOYAmt |
| EOY | $309,971,928 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,822,400 | BOYAmt |
| EOY | $309,971,928 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,773,072,753 | BOYAmt |
| EOY | $3,473,374,773 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,971,178 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $9,851,052 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,672,702 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $15,500 | PoliticalExpendituresAmt |
| Expended527 Activities | $2,500 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $13,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $15,500 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA NEVADA CREDIT UNION PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 K ST SUITE 105C | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942329967 | EIN |
| Paid Internal Funds | $13,000 | PaidInternalFundsAmt |
| Contributions Rcvd Dlvr | $0 | ContributionsRcvdDlvrAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | PREMIER AMERICA CREDIT UNION MAKES CONTRIBUTIONS TO SUPPORT CANDIDATES OR POLITICAL ACTION COMMITTEES PROMOTING CREDIT UNION CAUSES. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,731,592 | OtherCostOrOtherBasisAmt |
| Book Value | $3,731,592 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,652,695 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,175,593 | DepreciationAmt |
| Book Value | $5,477,102 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,870,935 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,035,501 | DepreciationAmt |
| Book Value | $1,835,434 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,645,250 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,379,239 | DepreciationAmt |
| Book Value | $7,266,011 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $18,310,139 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' SHARES | Desc |
| Amt | $2,859,275,117 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,859,275,117 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $158,602,721 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $158,602,721 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $158,602,721 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $150,631,543 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $150,631,543 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $150,631,543 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PREMIER AMERICA CREDIT UNION (THE CREDIT UNION) IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) ON CERTAIN INCOME RESULTING FROM BUSINESS WITH NONMEMBERS. TAX YEARS PRIOR TO 2018 ARE NOT SUBJECT TO EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATIONS EXPENSE. FASB ASC TOPIC 740, 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 BY THE CREDIT UNION, WHICH MUST DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB OF GREATER OXNARD | ||||||||
| 1900 W FIFTH ST | OXNARD | CA | 93030 | 951785162 | 501(C)(3) | $10,000 | $0 | PROGRAM SUPPORT |
| REACH INC | ||||||||
| 550 PARK AVE | PORT HUENEME | CA | 93041 | 474652777 | 501(C)(3) | $13,000 | $0 | PROGRAM SUPPORT |
| NORTHRIDGE HOSPITAL FOUNDATION | ||||||||
| 18300 ROSCOE BLVD | NORTHRIDGE | CA | 91328 | 237444901 | 501(C)(3) | $11,150 | $0 | PROGRAM SUPPORT |
| PREMIER AMERICA FOUNDATION | ||||||||
| 19867 PRAIRIE STREET | CHATSWORTH | CA | 91311 | 820914788 | 501(C)(3) | $150,000 | $0 | PROGRAM SUPPORT |
| CHILDREN'S MIRACLE NETWORK CU FOR KIDS WINE AUCTION | ||||||||
| 18400 VON KARMAN AVE STE 900 | IRVINE | CA | 92612 | 870387205 | 501(C)(3) | $34,400 | $0 | PROGRAM SUPPORT |
| VENTURA COUNTY COMMUNITY DEVELOPMENT CORPORATION (VCCDC) | ||||||||
| 761 E DAILY DR STE 200 | CAMARILLO | CA | 93010 | 743061811 | 501(C)(3) | $15,000 | $0 | PROGRAM SUPPORT |
| VENTURA COUNTY LIBRARY FOUNDATION | ||||||||
| PO BOX 7531 | VENTURA | CA | 93006 | 472770894 | 501(C)(3) | $15,000 | $0 | PROGRAM SUPPORT |
| CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS FOUNDATION | ||||||||
| ONE UNIVERSITY DRIVE | CAMARILLO | CA | 93012 | 770433230 | 501(C)(3) | $36,000 | $0 | PROGRAM SUPPORT |
| VENTURA COUNTY BOY SCOUTS OF AMERICA | ||||||||
| 509 E DAILY DRIVE | CAMARILLO | CA | 93010 | 951716783 | 501(C)(3) | $8,000 | $0 | PROGRAM SUPPORT |
| REACH RECREATION EDUCATION ACTIVITIES AND CULTURE IN HUENEME INC | ||||||||
| 550 PARK AVENUE | PORT HUENEME | CA | 93041 | 474652777 | 501(C)(3) | $5,500 | $0 | PROGRAM SUPPORT |
| ALLIANCE FOR COMMUNITY EMPOWERMENT INC | ||||||||
| 6925 CANOGA AVE | CANOGA PARK | CA | 91303 | 462811886 | 501(C)(3) | $5,400 | $0 | PROGRAM SUPPORT |
| NATIONAL CREDIT UNION FOUNDATION INC | ||||||||
| 5710 MINERAL POINT RD | MADISON | WI | 53705 | 391383650 | 501(C)(3) | $22,500 | $0 | PHILANTHROPIST SPONSORSHIP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 12 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS ARE GIVEN TO ORGANIZATIONS BASED ON CREDIT UNION INDUSTRY RELATIONSHIPS AND COMMUNITY RELEVANCE IN THE FORM OF CASH AND EVENT SPONSORSHIPS. GRANTS ARE GIVEN ONLY TO WELL-KNOWN ESTABLISHED CHARITABLE ORGANIZATIONS WHOSE ACTIVITIES ARE COMMON KNOWLEDGE AND RECOGNIZED IN THE COMMUNITY SUCH AS THE CHILDREN'S MIRACLE NETWORK HOSPITALS, HABITAT FOR HUMANITY, GIRLS AND BOYS SCOUTS OF AMERICA LOCAL TROOPS, AND OTHER SIMILAR ORGANIZATIONS. GRANT FUNDS ARE NOT MONITORED ONCE DISTRIBUTED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| 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 (13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RODOLFO PEREIRA | ||||||||||||||
| PRESIDENT & CEO | $766,001 | $0 | $169,196 | $0 | $0 | $0 | $1,194,864 | $0 | $41,315 | $0 | $2,171,376 | $0 | $0 | $0 |
| ERNESTO NORONA | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $331,896 | $0 | $73,821 | $0 | $0 | $0 | $19,800 | $0 | $47,449 | $0 | $472,966 | $0 | $0 | $0 |
| IE-CHEN CHENG | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $394,764 | $0 | $40,493 | $0 | $0 | $0 | $19,800 | $0 | $15,722 | $0 | $470,779 | $0 | $0 | $0 |
| MARCIA GIRARDI | ||||||||||||||
| CHIEF EXPERIENCE OFFICER | $317,077 | $0 | $66,438 | $0 | $0 | $0 | $19,800 | $0 | $30,342 | $0 | $433,657 | $0 | $0 | $0 |
| TONI DANIELS | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $320,476 | $0 | $67,499 | $0 | $0 | $0 | $19,800 | $0 | $24,567 | $0 | $432,342 | $0 | $0 | $0 |
| KELLY KARREN | ||||||||||||||
| FINANCIAL ADVISOR | $63,361 | $0 | $326,563 | $0 | $0 | $0 | $19,800 | $0 | $13,597 | $0 | $423,321 | $0 | $0 | $0 |
| JANAKIRMANA YANDAPALLI | ||||||||||||||
| FORMER CHIEF TECH OFFICER | $271,138 | $0 | $69,996 | $0 | $0 | $0 | $19,800 | $0 | $23,165 | $0 | $384,099 | $0 | $0 | $0 |
| ANTHONY VELARDE | ||||||||||||||
| FINANCIAL ADVISOR | $61,444 | $0 | $253,261 | $0 | $0 | $0 | $19,311 | $0 | $23,983 | $0 | $357,999 | $0 | $0 | $0 |
| DAVID FITZGERALD | ||||||||||||||
| CHIEF LENDING OFFICER | $294,132 | $0 | $33,259 | $0 | $0 | $0 | $19,800 | $0 | $10,730 | $0 | $357,921 | $0 | $0 | $0 |
| SHELLEY TAM | ||||||||||||||
| CHIEF PEOPLE OFFICER | $251,974 | $0 | $36,223 | $0 | $0 | $0 | $18,612 | $0 | $45,757 | $0 | $352,566 | $0 | $0 | $0 |
| TAMARA SCOTT | ||||||||||||||
| VP, RETAIL DELIVER | $215,143 | $0 | $15,038 | $0 | $0 | $0 | $3,525 | $0 | $37,911 | $0 | $271,617 | $0 | $0 | $0 |
| CHARLES KIM | ||||||||||||||
| VP, COMMERCIAL LENDING | $222,249 | $0 | $18,301 | $0 | $0 | $0 | $14,535 | $0 | $8,339 | $0 | $263,424 | $0 | $0 | $0 |
| TODD HELMERSON | ||||||||||||||
| VP, RESIDENTIAL LENDING | $202,557 | $0 | $17,736 | $0 | $0 | $0 | $13,677 | $0 | $14,995 | $0 | $248,965 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | TRAVEL FOR COMPANIONS - PREMIER AMERICA CREDIT UNION WILL PAY FOR THE SPOUSE OR ONE COMPANION'S PLANE FARE FOR OUT OF TOWN OFFICIAL TRAVELS (CONFERENCES), HOTEL ACCOMMODATIONS (SHARED ROOM) AND MEALS. WILLIAM COLE, LARRY COLSON, EVA GOMEZ, ERIC GOLDNER, BILL HAMPEL, GARY HOLMEN, AND LARRY MARTIN RECEIVED THIS BENEFIT IN 2023. THE AMOUNTS ARE REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. |
| PART I, LINE 4B | RODOLFO PEREIRA, PRESIDENT & CEO, PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN 2023 SPONSORED BY PREMIER AMERICA CREDIT UNION. THERE WERE NO CONTRIBUTIONS TO OR DISTRIBUTIONS FROM THE PLAN. THE DEFINED BENEFIT LIABILITY ACCRUAL AMOUNT SHOWN BELOW IS INCLUDED ON FORM 990, PART VII AND SCHEDULE J, PART II: RODOLFO PEREIRA - $1,175,064 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| MARCIA GIRARDI | |||||||
| KEY EMPLOYEE | COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY | Yes (X) | $2,716,000 | $2,818,851 | 0 | Yes (1) | Yes (1) |
| ERNESTO NORONA | |||||||
| KEY EMPLOYEE | COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY | Yes (X) | $2,682,000 | $2,815,724 | 0 | Yes (1) | Yes (1) |
| TONI DANIELS | |||||||
| KEY EMPLOYEE | NEW AUTO | Yes (X) | $47,000 | $3,174 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $5,637,749 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | PREMIER AMERICA CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAW. |
| FORM 990, PART VI, SECTION A, LINE 7A | PREMIER AMERICA CREDIT UNION MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF PREMIER AMERICA CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. |
| FORM 990, PART VI, SECTION A, LINE 8B | PREMIER AMERICA CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE DRAFT FORM 990 PREPARED BY THE TAX ACCOUNTANT IS REVIEWED BY SENIOR MANAGEMENT. CORRECTIONS ARE ADDRESSED AT EACH STAGE OF THE REVIEW BEFORE THE FINAL REPORT IS FILED BY THE TAX PREPARER FOR THE CREDIT UNION. THE FORM 990 IS THEN PRESENTED TO THE BOARD AFTER FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 15 | EXTENSIVE ANNUAL SURVEYS ARE CONDUCTED FOR KEY POSITIONS IN PREMIER AMERICA CREDIT UNION INCLUDING, BUT NOT LIMITED TO, TOP MANAGEMENT AND KEY EMPLOYEES. THESE SURVEYS ARE PROVIDED BY PROFESSIONAL COMPENSATION ANALYSTS WHO WORK DIRECTLY WITH DATA WITHIN THE FINANCIAL INDUSTRY FIELD. THESE SURVEYS PROVIDE TOTAL COMPENSATION INFORMATION THAT RANGES FROM BROAD MACRO ISSUES TO SPECIFIC ELEMENTS OF TOTAL COMPENSATION STRUCTURES. THE DATA USED COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSON IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATION. THE FINAL FIGURES ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THE LAST TIME THIS PROCESS OCCURRED WAS IN DECEMBER 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | PREMIER AMERICA CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. PREMIER AMERICA CREDIT UNION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. |
| FORM 990, PART XI, LINE 9: | CUMULATIVE EFFECT ADJUSTMENT UPON ADOPTION OF ASC 326 -3,672,702. |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. |