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 95-1790568)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-05
- IRS object ID
- 202443109349303834
- 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 | 2024-11-05T17:27:20-06:00 | 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 | 951790568 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VENTURA COUNTY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VENT | BusinessNameControlTxt |
| Phone | 8054774024 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2575 VISTA DEL MAR DRIVE SUITE 100 | AddressLine1Txt |
| City | VENTURA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93001 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LINDA SIM | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8054774028 | PhoneNum |
| Signature | 2024-11-01 | 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 | LINDA ROSSI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2575 VISTA DEL MAR DRIVE SUITE 100 | AddressLine1Txt |
| City | VENTURA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $66,662,060 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.VCCUONLINE.NET | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CREDIT UNION | OtherOrganizationDsc |
| Formation | 1950 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 243 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $217,104 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,166 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $42,727,468 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $52,048,527 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,584,900 | PYInvestmentIncomeAmt |
| CY Investment Income | $14,613,533 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $50,312,368 | PYTotalRevenueAmt |
| CY Total Revenue | $66,662,060 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $224,834 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $301,653 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,728,223 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,269,975 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,794,663 | PYOtherExpensesAmt |
| CY Other Expenses | $33,693,536 | CYOtherExpensesAmt |
| PY Total Expenses | $38,747,720 | PYTotalExpensesAmt |
| CY Total Expenses | $53,265,164 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,564,648 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,396,896 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,285,662,841 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,354,835,838 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,192,007,456 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,250,695,352 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $93,655,385 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $104,140,486 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | VENTURA COUNTY 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, VENTURA COUNTY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | FOR THE FOURTEENTH YEAR IN A ROW, VENTURA COUNTY CREDIT UNION WAS RECOGNIZED BY VC REPORTER AS THE BEST OF VENTURA COUNTY CREDIT UNION IN 2023. THE CREDIT UNION WAS ALSO VOTED AS VC STAR'S FAVORITE OF COMMUNITY FOR CREDIT UNIONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | VENTURA COUNTY CREDIT UNION CONTINUED ITS EXCEPTIONAL MEMBER EXPERIENCE BY EXPANDING ITS SERVICES TO INCLUDE SIMPLY CHECKING ACCOUNTS, GREEN LOANS FOR ELECTRIC VEHICLES, ELECTRIC BIKES, EFFICIENT APPLIANCES, AND SOLAR PANELS, EARLY PAY AND ITIN LENDING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DURING 2023, VENTURA COUNTY CREDIT UNION ACHIEVED BANK ON CERTIFICATION FOR SIMPLY ESSENTIAL PRODUCT AND AWARDED THE FIRST SCHOLARSHIP TO CSUCI. | 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 | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | 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 | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 18412 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 243 | 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 | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 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 | LINDA SIM CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8054774024 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2575 VISTA DEL MAR DRIVE SUITE 100 | AddressLine1Txt |
| City | VENTURA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93001 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 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 |
|---|---|---|---|---|---|---|---|---|
| ROXANNE OSTREM | ||||||||
| CHAIRPERSON | 3.00 | Yes (X) | $11,661 | $0 | $0 | |||
| MARGO BYRNE | ||||||||
| VICE CHAIRPERSON | 3.00 | Yes (X) | $5,756 | $0 | $0 | |||
| SELFA SAUCEDO | ||||||||
| SECRETARY | 2.00 | Yes (X) | $5,739 | $0 | $0 | |||
| CORY MADDEN | ||||||||
| TREASURER | 3.00 | Yes (X) | $6,975 | $0 | $0 | |||
| SONIA AMEZCUA | ||||||||
| BOARD MEMBER | 2.00 | Yes (X) | $5,797 | $0 | $0 | |||
| SUE TATANGELO | ||||||||
| BOARD MEMBER | 4.00 | Yes (X) | $11,114 | $0 | $0 | |||
| TRIBBITT MARK | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $6,248 | $0 | $0 | |||
| KENNETH KAGAN | ||||||||
| SUPV CMTE CHAIR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| BRENDA ALLISON | ||||||||
| SUPV CMTE MEMBER | 2.00 | Yes (X) | $3,086 | $0 | $0 | |||
| CHUNG CAM | ||||||||
| SUPV CMTE MEMBER | 1.00 | Yes (X) | $2,604 | $0 | $0 | |||
| SCOTT KOPALD | ||||||||
| SUPV CMTE MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LINDA ROSSI | ||||||||
| PRESIDENT/CEO | 40.00 | $730,200 | $0 | $559,234 | Yes (X) | |||
| GAVIN BRADLEY | ||||||||
| COO | 40.00 | $398,948 | $0 | $53,481 | Yes (X) | |||
| LINDA SIM | ||||||||
| CFO | 40.00 | $425,183 | $0 | $54,288 | Yes (X) | |||
| CHAD RITCHIE | ||||||||
| CIO | 40.00 | $364,847 | $0 | $47,145 | Yes (X) | |||
| EDMOND SAHAKIAN | ||||||||
| CLO | 40.00 | $269,378 | $0 | $42,446 | Yes (X) | |||
| BEVERLY ARMENDARIZ | ||||||||
| VP, HUMAN RESOURCES | 40.00 | $231,701 | $0 | $41,889 | Yes (X) | |||
| APRIL REMNANT | ||||||||
| VP, DELIVERY SYSTEMS | 40.00 | $234,845 | $0 | $44,973 | Yes (X) | |||
| CHRISTINA ESTES | ||||||||
| VP, MARKETING | 40.00 | $228,082 | $0 | $33,375 | Yes (X) | |||
| JOHN COOKE | ||||||||
| VP, LENDING | 40.00 | $197,176 | $0 | $42,814 | Yes (X) | |||
| DIANNE CLAPP | ||||||||
| VP, RISK MANAGEMENT | 40.00 | $185,416 | $0 | $20,105 | Yes (X) | |||
| DAVID KANONGATAA | ||||||||
| FINANCIAL ADVISOR | 40.00 | $378,571 | $0 | $51,241 | Yes (X) | |||
| GINA O'CALLAGHAN | ||||||||
| FINANCIAL ADVISOR | 40.00 | $353,428 | $0 | $16,712 | Yes (X) | |||
| RODOLFO GUEVARA TORRES | ||||||||
| AVP BUSINESS SERVICES | 40.00 | $235,708 | $0 | $26,838 | Yes (X) | |||
| SEAN MCCULLOCH | ||||||||
| AVP COMMERCIAL LENDING | 40.00 | $227,007 | $0 | $16,599 | Yes (X) | |||
| REGINA COTTON | ||||||||
| AVP MORTGAGE OPERATIONS | 40.00 | $143,398 | $0 | $31,344 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,662,868 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,082,484 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 27 | 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 |
|---|---|---|---|---|---|
| CO-OP | |||||
| 9692 HAVEN AVE | RANCHO CUCAMONGA | CA | 91730 | CREDIT CARDS MGMT AND PROCESSING | $1,951,684 |
| HOLT RENEWABLES LLC | |||||
| B315 | AUSTIN | TX | 78746 | SOLAR ENERGY SOLUTIONS | $1,078,998 |
| HORSETAIL TECHNOLOGIES LLC | |||||
| 1300 THAMES ST G20 | BALTIMORE | MD | 21231 | PROCESSING | $876,163 |
| JACK HENRY & ASSOCIATES INC | |||||
| PO BOX 609 | MONETT | MO | 65708 | FINANCIAL SERVICES | $722,386 |
| BUSINESS DATA INC | |||||
| PO BOX 6081 | INGLEWOOD | CA | 90312 | ACCOUNTING | $625,243 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 48 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | $41,428,954 | $41,428,954 | |
| OTHER OPERATING INCOME | 522100 | $6,137,887 | $6,012,434 | $125,453 |
| FEE INCOME | 522100 | $4,481,686 | $4,390,035 | $91,651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $52,048,527 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,613,533 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,613,533 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $66,662,060 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $66,444,956 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $217,104 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $295,653 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,662,868 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,544,546 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,259,301 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,759,938 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,043,322 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,536 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,164 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $960,245 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,302,755 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,755,434 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,844,252 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,120,951 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $261,318 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,509,356 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,114,534 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,578 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CREDIT LOSS EXPENSE | $3,060,841 |
| LOAN SERVICING EXPENSE | $2,909,134 |
| MISC OPERATING EXPENSE | $1,159,626 |
| OPERATING FEES | $158,812 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,265,164 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,386,724 | BOYAmt |
| EOY | $7,561,304 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,602,116 | BOYAmt |
| EOY | $48,901,513 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,454,768 | BOYAmt |
| EOY | $8,618,791 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,631,215 | BOYAmt |
| EOY | $1,802,040 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $56,206,173 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,660,389 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,709,256 | BOYAmt |
| EOY | $26,545,784 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,794,884 | BOYAmt |
| EOY | $253,450,869 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $884,439,339 | BOYAmt |
| EOY | $978,613,091 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,644,539 | BOYAmt |
| EOY | $29,342,446 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,285,662,841 | BOYAmt |
| EOY | $1,354,835,838 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,353,008 | BOYAmt |
| EOY | $22,662,001 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,169,654,448 | BOYAmt |
| EOY | $1,228,033,351 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,192,007,456 | BOYAmt |
| EOY | $1,250,695,352 | 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 | $93,655,385 | BOYAmt |
| EOY | $104,140,486 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,655,385 | BOYAmt |
| EOY | $104,140,486 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,285,662,841 | BOYAmt |
| EOY | $1,354,835,838 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $13,396,896 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,676,466 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$7,588,261 | 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 | $7,371 | PoliticalExpendituresAmt |
| Expended527 Activities | $7,371 | Expended527ActivitiesAmt |
| Total Exempt Function Expend | $7,371 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CCUL - PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 K STREET SUITE 1050 | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 940357265 | EIN |
| Paid Internal Funds | $7,371 | PaidInternalFundsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,698,188 | OtherCostOrOtherBasisAmt |
| Book Value | $9,698,188 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $28,459,650 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,226,058 | DepreciationAmt |
| Book Value | $14,233,592 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,868,342 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,450,824 | DepreciationAmt |
| Book Value | $417,518 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,752,307 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,694,994 | DepreciationAmt |
| Book Value | $2,057,313 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,427,686 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,288,513 | DepreciationAmt |
| Book Value | $139,173 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $26,545,784 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALL OTHER INVESTMENTS | $8,116,100 | F |
| LOANS AND LEASES | $844,998,998 | F |
| NCUA SHARE INSURANCE CAP DEPOSIT | $11,156,906 | C |
| HELD-TO-MATURITY SECURITIES | $114,341,087 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $978,613,091 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DIVIDENDS PAYABLE | $706,614 |
| TOTAL SHARES AND DEPOSITS | $1,176,389,110 |
| BORROWINGS | $50,000,000 |
| ALLOWANCE FOR CREDIT LOSS | $937,627 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,228,033,351 | 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 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 JUNE 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 (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|
| THE FOUNDATION OF VCCU | |||||||||
| PO BOX 6920 | VENTURA | CA | 93006 | 462578478 | 501(C)(3) | $50,600 | $0 | FMV | TO ASSIST IN STRENGTHENING OUR COMMUNITY BY PROVIDING FINANCIAL ASSISTANCE AND EDUCATION TO ALL WHILE EMPHASIZING THE UNDERSERVED. |
| MUSEUM OF VENTURA COUNTY | |||||||||
| 100 EAST MAIN STREET | VENTURA | CA | 93001 | 951942930 | 501(C)(3) | $30,000 | $0 | FMV | TO PRESERVE, INTERPRET, AND CELEBRATE THE HISTORY, ART, AND CULTURE OF VENTURA COUNTY AND ITS SURROUNDING REGIONS. |
| PREMIER AMERICA FOUNDATION | |||||||||
| 19867 PRAIRIE ST | CHATWORTH | CA | 91311 | 820914788 | 501(C)(3) | $15,000 | $0 | FMV | TO PROVIDE FINANCIAL PROGRAMS AND SERVICES TO YOUNG ADULTS. |
| CHANNEL ISLANDS YMCA | |||||||||
| 1180 EUGINA PLACE 104 | CARPENTERIA | CA | 93013 | 951643379 | 501(C)(3) | $15,000 | $0 | FMV | TO STRENGTHEN THE COMMUNITY THROUGH VARIOUS PROGRAMS AND SERVICES FOCUSED ON YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY. |
| CHILDREN'S MIRACLE NETWORK | |||||||||
| 205 WEST 700 SOUTH | SALT LAKE CITY | UT | 84101 | 870387205 | 501(C)(3) | $12,100 | $0 | FMV | TO HELP SAVE THE LIVES OF CHILDREN BY RAISING FUNDS AND AWARENESS FOR LOCAL CHILDREN'S HOSPITALS. |
| FOOD SHARE INC | |||||||||
| 4156 SOUTHBANK ROAD | OXNARD | CA | 93036 | 770018162 | 501(C)(3) | $7,811 | $0 | FMV | TO LEAD THE FIGHT AGAINST HUNGER IN VENTURA COUNTY. |
| INCLUSIV | |||||||||
| 39 BROADWAY SUITE 2140 | NEW YORK | NY | 10006 | 112421972 | 501(C)(3) | $7,500 | $0 | FMV | TO HELP LOW INCOME COMMUNITIES ACHIEVE FINANCIAL INDEPENDENCE THOUGH CREDIT UNIONS. |
| INTERFACE CHILDREN & FAMILY SERVICES IN | |||||||||
| 4001 MISSION OAKS BLVD STE 1 | CAMARILLO | CA | 930125121 | 952944459 | 501(C)(3) | $7,500 | $0 | FMV | TO ASSIST IN PROVIDING SOCIAL SERVICES TO THOUSANDS OF LOCAL CHILDREN AND FAMILIES. |
| NATIONAL CREDIT UNION FOUNDATION INC | |||||||||
| PO BOX 78880 | MADISON | WI | 532780880 | 391383650 | 501(C)(3) | $6,699 | $0 | FMV | TO SERVE AS A CATALYST TO IMPROVE PEOPLES FINANCIAL LIVES THROUGH CREDIT UNIONS. |
| CSU CHANNEL ISLANDS FOUNDATION | |||||||||
| ONE UNIVERSITY DR | CAMARILLO | CA | 93012 | 770433230 | 501(C)(3) | $6,000 | $0 | FMV | TO ASSIST CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS ON ITS ACADEMIC GOALS AND PROVIDE SCHOLARSHIPS FOR FUTURE STUDENTS. |
| HUENEME BEACH FESTIVAL | |||||||||
| 550 PARK AVENUE | PORT HUENEME | CA | 93041 | 474652777 | $5,500 | $0 | FMV | TO CELEBRATE LOCAL CULTURE, FOSTERING COMMUNITY SPIRIT, AND PROVIDING FAMILY-FRIENDLY ENTERTAINMENT. | |
| WOMEN'S ECONOMIC VENTURES | |||||||||
| 21 E CANON PERDIDO STREET SITE 301 | SANTA BARBARA | CA | 93101 | 953674624 | 501(C)(3) | $5,250 | $0 | FMV | TO ASSIST IN THE GOAL FOR AN EQUITABLE SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 11 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $6,000 | CashGrantAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (15 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LINDA ROSSI | ||||||||||||||
| PRESIDENT/CEO | $546,006 | $0 | $126,250 | $0 | $57,944 | $0 | $544,235 | $0 | $14,999 | $0 | $1,289,434 | $0 | $0 | $0 |
| GAVIN BRADLEY | ||||||||||||||
| COO | $351,321 | $0 | $39,222 | $0 | $8,405 | $0 | $28,667 | $0 | $24,814 | $0 | $452,429 | $0 | $0 | $0 |
| LINDA SIM | ||||||||||||||
| CFO | $350,971 | $0 | $39,004 | $0 | $35,208 | $0 | $29,124 | $0 | $25,164 | $0 | $479,471 | $0 | $0 | $0 |
| CHAD RITCHIE | ||||||||||||||
| CIO | $330,126 | $0 | $27,648 | $0 | $7,073 | $0 | $26,022 | $0 | $21,123 | $0 | $411,992 | $0 | $0 | $0 |
| EDMOND SAHAKIAN | ||||||||||||||
| CLO | $227,838 | $0 | $19,891 | $0 | $21,649 | $0 | $20,032 | $0 | $22,414 | $0 | $311,824 | $0 | $0 | $0 |
| BEVERLY ARMENDARIZ | ||||||||||||||
| VP, HUMAN RESOURCES | $210,628 | $0 | $11,283 | $0 | $9,790 | $0 | $18,840 | $0 | $23,049 | $0 | $273,590 | $0 | $0 | $0 |
| APRIL REMNANT | ||||||||||||||
| VP, DELIVERY SYSTEMS | $212,102 | $0 | $11,898 | $0 | $10,845 | $0 | $18,352 | $0 | $26,621 | $0 | $279,818 | $0 | $0 | $0 |
| CHRISTINA ESTES | ||||||||||||||
| VP, MARKETING | $205,893 | $0 | $11,297 | $0 | $10,892 | $0 | $17,116 | $0 | $16,259 | $0 | $261,457 | $0 | $0 | $0 |
| JOHN COOKE | ||||||||||||||
| VP, LENDING | $190,064 | $0 | $5,000 | $0 | $2,112 | $0 | $12,113 | $0 | $30,701 | $0 | $239,990 | $0 | $0 | $0 |
| DIANNE CLAPP | ||||||||||||||
| VP, RISK MANAGEMENT | $122,944 | $0 | $10,850 | $0 | $51,622 | $0 | $10,473 | $0 | $9,632 | $0 | $205,521 | $0 | $0 | $0 |
| DAVID KANONGATAA | ||||||||||||||
| FINANCIAL ADVISOR | $58,899 | $0 | $315,288 | $0 | $4,384 | $0 | $17,098 | $0 | $34,143 | $0 | $429,812 | $0 | $0 | $0 |
| GINA O'CALLAGHAN | ||||||||||||||
| FINANCIAL ADVISOR | $72,903 | $0 | $280,393 | $0 | $132 | $0 | $16,712 | $0 | $0 | $0 | $370,140 | $0 | $0 | $0 |
| RODOLFO GUEVARA TORRES | ||||||||||||||
| AVP BUSINESS SERVICES | $153,434 | $0 | $80,000 | $0 | $2,274 | $0 | $12,861 | $0 | $13,977 | $0 | $262,546 | $0 | $0 | $0 |
| SEAN MCCULLOCH | ||||||||||||||
| AVP COMMERCIAL LENDING | $191,721 | $0 | $33,431 | $0 | $1,855 | $0 | $13,615 | $0 | $2,984 | $0 | $243,606 | $0 | $0 | $0 |
| REGINA COTTON | ||||||||||||||
| AVP MORTGAGE OPERATIONS | $129,180 | $0 | $5,776 | $0 | $8,442 | $0 | $9,028 | $0 | $22,316 | $0 | $174,742 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION HAS ENTERED INTO A SPLIT-DOLLAR AGREEMENT WITH A MEMBER OF THE EXECUTIVE MANAGEMENT TEAM. UNDER THE ARRANGEMENT, THE CREDIT UNION MAKES A LOAN TO THE EXECUTIVE EQUAL TO THE LIFE INSURANCE POLICY PREMIUMS. THE EXECUTIVE ASSIGNS THE INSURANCE POLICY TO THE CREDIT UNION AS COLLATERAL FOR REPAYING THE PREMIUMS AND BORROWS FROM THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE CREDIT UNION IS REPAID FROM THE POLICY'S DEATH PROCEEDS. INTEREST ACCRUES ON THE LOANS AT THE APPLICABLE FEDERAL RATE AT THE TIME OF THE ADVANCE. THE INTEREST IS REPORTED AS TAXABLE INCOME TO THE EXECUTIVE IN THE YEAR EARNED. ANY PRINCIPAL OR INTEREST NOT REPAID UNDER THE ARRANGEMENTS IS TAXABLE TO THE EXECUTIVE. THE CREDIT UNION CONTRIBUTES TO A 457(F) PLAN AS ADDITIONAL RETIREMENT BENEFITS FOR THE CEO. THE 457(F) PLAN IS FULLY FUNDED AND NO FURTHER ACCRUALS WILL BE RECORDED. THE CREDIT UNION OFFERS A SERP AS PART OF THE CEO'S 10-YEAR EMPLOYMENT CONTRACT. THE PURPOSE OF THE PLAN IS TO PROVIDE ADDITIONAL INCENTIVE FOR THE CEO TO REMAIN WITH THE CREDIT UNION. THE CREDIT UNION CONTRIBUTES 2% OF COMPENSATION TO A 457(B) PLAN ON TOP OF ALL OTHER RETIREMENT PLANS FOR SENIOR MANAGEMENT. THE FOLLOWING IS A LIST OF CURRENT PARTICIPANTS AND THE CONTRIBUTIONS MADE IN 2023: LINDA ROSSI - $10,706 GAVIN BRADLEY - $6,979 LINDA SIM - $6,979 CHAD RITCHIE - $5,359 EDMOND SAHAKIAN - $4,492 BEVERLY ARMENDARIZ - $4,480 APRIL REMNANT - $4,212 CHRISTINA ESTES - $4,065 JOHN COOKE -$2,939 DIANNE CLAPP - $2,443 DIANNE CLAPP, REPORTED ON PART VII AS AN KEY EMPLOYEE, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $50,000 IN 2023. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH SCHROEDER | PersonNm |
| Relationship With Org | FORMER OFFICER | RelationshipWithOrgTxt |
| Loan Purpose | FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $7,200,000 | OriginalPrincipalAmt |
| Balance Due | $8,618,791 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $8,618,791 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | VENTURA COUNTY 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. VENTURA COUNTY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNING BODY OF VENTURA COUNTY 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 | ADVANCED MONTHLY BOARD PACKAGES, INCLUDING FINANCIAL STATEMENTS AND OTHER RELEVANT INFORMATION ARE DISTRIBUTED TO THE BOARD MONTHLY, IN ADVANCE OF THE BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD REVIEWS ANY EXCEPTION ON A PERIODIC BASIS PURSUANT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND PROVIDES ANY RESOLUTION WHERE NECESSARY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE HUMAN RESOURCE DEPT. GATHERS RELEVANT SALARY INFORMATION COMPARABLE WITHIN INDUSTRY AND MARKET STANDARDS. THEREAFTER, APPROPRIATE RECOMMENDATIONS ARE PROVIDED TO THE CEO FOR REVIEW AND APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES AVAILABLE ITS FINANCIAL STATEMENTS IN EVERY BRANCH LOCATION ON A MONTHLY BASIS AND PROVIDES ANY GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) -7,588,260. ROUNDING -1. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION OF VENTURA COUNTY CREDIT UNION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2575 VISTA DEL MAR DRIVE SUITE 100 | AddressLine1Txt |
| City | VENTURA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462578478 | EIN |
| Primary Activities | COLLECTION OF CHARITABLE DONATIONS FROM EMPLOYEES AND GENERAL PUBLIC | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VENTURA COUNTY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | 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 | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FOUNDATION OF VENTURA COUNTY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $50,665 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |