2023-11-09T16:34:16-06:00 2022-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2022-01-01 951288265 WESCOM CENTRAL CREDIT UNION WESC 8884937266 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 CINDY LAW VP/CONTROLLER 8884937266 2023-11-08 1 CINDY LAW 999009999 0 NANAZ BENYAMINI P00666808 3104773924 2023-10-31 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WESCOM CREDIT UNION CINDY LAW 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 1304502110 0 X WWW.WESCOM.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 977 16 5677942 0 0 0 140434771 176591593 60430576 111403390 6800000 3000000 207665347 290994983 546340 627664 0 0 88713008 96751423 0 0 0 90897842 127419881 180157190 224798968 27508157 66196015 5170841754 5648909213 4806526762 5431653118 364314992 217256095 X THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS. 0 0 THE CREDIT UNION HAD $5.6 BILLION IN ASSETS, $3 BILLION IN LOANS AND $4.38 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2022. THE CREDIT UNION POSTED NET EARNINGS OF $57 MILLION IN 2022. THE CREDIT UNION'S 2022 INITIATIVES INCLUDED MEMBERSHIP GROWTH, ENHANCING PRODUCTS AND SERVICES, INCREASED SERVICE IN OUR COMMUNITIES, DEVELOPMENTS IN DELIVERY CHANNELS, AND LOAN GROWTH. THE CREDIT UNION THROUGH ITS EMPLOYEES, MEMBERS, AND WESCOM FOUNDATION SUPPORTED COMMUNITY OUTREACH THROUGHOUT 2022. $100,000+ DONATED TO THE SOUTHERN CALIFORNIA-BASED FOOD BANKS. $214,000 DONATED TO HUMANITARIAN RELIEF EFFORTS IN UKRAINE. $236,435 DONATED TO UPLIFTING AT-RISK YOUTH, PROVIDING CRISIS SHELTER FOR VICTIMS OF DOMESTIC VIOLENCE AND ERADICATING DEVASTATING DISEASES. $28,000 DONATED TO TUTORING SCHOLARSHIPS. FOUNDATION FOCUS AREAS SHIFTED TO DISASTER RESPONSE, CRITICAL HUMAN NEEDS, AND FINANCIAL WELLNESS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 71082 0 1 977 1 1 1 0 0 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X X CINDY LAW VPCONTROLLER 8884937266 123 S MARENGO AVENUE PASADENA CA 911012428 POURIA ABBASI BOARD MEMBER 2.00 X 0 0 0 HANI BHIMIJI VICE CHAIRMAN 2.00 X X 8981 0 0 RON FISCHER TREASURER 2.00 X X 12708 0 0 GINA FRIEDRICH BOARD MEMBER 2.00 X 12260 0 0 JESSICA GUTIERREZ BOARD MEMBER 2.00 X 3326 0 0 DANIEL KRAUS SECRETARY 2.00 X X 15652 0 0 JEFF LUONG BOARD MEMBER 2.00 X 4583 0 0 VIRGINIA PANOSSIAN BOARD MEMBER 2.00 X 8722 0 0 DAVID PEREZ BOARD MEMBER 2.00 X 2550 0 0 NOEL ROSS CHAIRMAN 2.00 X X 12669 0 0 BRAD SELBY BOARD MEMBER 2.00 X 7755 0 0 JOSEPH PELLISSERY SENIOR VP TECHNOLOGY & CIO 40.00 X 517140 0 131835 KEITH PIPES EVP LENDING & FINANCIAL SERV 40.00 X 640856 0 241198 DARREN WILLIAMS PRESIDENT & CEO 40.00 X 1283603 0 1220523 IRVING CHIU HENG YU SVP FINANCE & CFO 40.00 X 455789 0 124928 JONATHON ALLEN SVP FINANCIAL SVCS & DEPOSIT OPERATIONS 40.00 X 429857 0 120063 JONATHON BAUMAN VP LOAN SERVICING & DEFAULT MGR 40.00 X 307298 0 42336 DAVID CERWINSKI VP CORP DEV & PRES OF WRG 40.00 X 259850 0 38893 MARK DY-RAGOS VP INFORMATION SECURITY 40.00 X 269566 0 34647 HASHIM FORRESTER SVP REMOTE SERVICE DELIVERY 40.00 X 438220 0 27902 RAFAEL GUERRA PRESIDENT WIS 40.00 X 266923 0 42525 CARINA HOLLIS SVP AND GENERAL COUNSEL 40.00 X 359343 0 22033 GARY KOKONYAN VP BUSINESS ANALYTICS 40.00 X 288751 0 60287 CINDY CHING-CHING LAW VP FINANCE 40.00 X 304838 0 51833 VICTOR LOPEZ VP BRANCH OPERATIONS 40.00 X 283515 0 25573 ALEXANDER MUNRO VP INFORMATION TECHNOLOGY 40.00 X 296003 0 56895 MAGGIE PACHECO VP MORTGAGE LENDING 40.00 X 296980 0 37110 MELISSA PEDERSON SVP ADMINISTRATION 40.00 X 448056 0 95899 RUSSELL DOUGLASS VP TREASURY 40.00 X 250643 0 56874 BRIAN SEDLAK VP INFO TECH DEVELOPMENT 40.00 X 267492 0 27457 JEFF SMRCKA VP CONSUMER LENDING 40.00 X 277808 0 60847 CHARLES THOMAS SVP CHIEF LENDING OFFICER 40.00 X 461728 0 33913 LISA THOMPSON VP ENTERPRISE RISK 40.00 X 304532 0 31229 ADRIANA WELCH SVP BRANCH OPERATIONS 40.00 X 390598 0 101501 STEPHANIE WINKLER VP HUMAN CAPITAL & DEVELOPMENT 40.00 X 319473 0 24064 DANOVA CHOW WEALTH ADVISOR 40.00 X 348757 0 27672 DAVID JABCZENSKI DIR. INVESTMENT SERVICES 40.00 X 264232 0 56287 PAN KWE SR FINANCIAL ADVISOR 40.00 X 556611 0 51632 DONALD SABLATURA MORTGAGE LOAN OFFICER 40.00 X 354627 0 40971 TRUONG THIEU FINANCIAL ADVISOR 40.00 X 277825 0 26742 11310120 0 2913669 215 0 1 0 GRAIL BRAND DESIGN LLC 12 CORPORATE PLAZA DRIVE SUITE 200 NEWPORT BEACH CA 92660 ADVERTISING 2417033 ORRAVAN MECHANICAL INC 6134 FACULTY AVENUE LAKEWOOD CA 90712 REPAIRS & MAINTENANCE 967182 ROPES & GRAY LLP PO BOX 70280 MAIL CODE 11104 PHILADELPHIA PA 19176 LEGAL SERVICES 893300 ACCENTURE 500 W MADISON ST 20TH FL CHICAGO IL 60661 SOFTWARE SERVICES 700484 KONICA MINOLTA BUSINESS SOLUTIONS USA DEPT LA 22988 PASADENA CA 91185 SOFTWARE SERVICES 435308 17 INTEREST INCOME 522100 101930558 101928164 2394 FEE INCOME 522100 39979040 39562599 416441 OTHER OPERATING INCOME 522100 34681995 29422888 5259107 176591593 63906268 63906268 998076704 62927545 1000968628 12538499 -2891924 50389046 47497122 -2905379 50402501 PROVISION CREDITS 522100 3000000 3000000 3000000 290994983 234914540 5677942 50402501 627664 12218427 67915812 4932248 6509568 5175368 565148 270902 5565 1693675 8185551 15245188 5448685 11227500 1206153 44202752 13126420 759623 LOAN SERVICING 20555128 OPERATING EXPENSES 3724628 TAXES & LICENSES 1046109 EDUCATIONAL REIMBURSEME 151639 5215 224798968 23691002 25445027 141157006 164455129 10194522 12877359 6456768 7117232 180008445 111407159 75193708 68601286 2416262760 2034631496 2363818789 3053591320 8100139 8100139 125967060 274090225 5170841754 5648909213 87662555 90580730 4718864207 5341072388 4806526762 5431653118 X 0 0 0 0 364314992 217256095 364314992 217256095 5170841754 5648909213 X 66196015 -265203640 51948728 X 0 1 X 1 0 40866 40866 40866 1 CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 1201 K STREET 1050 SACRAMENTO CA 95814 940357265 40866 0 6000000 6000000 49163212 23805759 25357453 15362125 9576102 5786023 105375728 78025298 27350430 4107380 4107380 68601286 LOANS AND INVESTMENTS IN NATURAL PERSON CUS 350000 C ALL OTHER INVESTMENTS 26559900 F LOANS AND LEASES 2985715698 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 40965722 C 3053591320 OTHER NOTES AND INTEREST PAYABLE 962737616 SHARES AND DEPOSITS 4376014279 DEFERRED REVENUE 2320493 5341072388 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE CREDIT UNION'S WHOLLY OWNED SUBSIDIARIES, WESCOM FINANCIAL SERVICES, LLC AND WESCOM RESOURCES GROUP, LLC ARE SUBJECT TO STATE AND FEDERAL INCOME TAX. OPERATIONS OF THE WHOLLY OWNED SUBSIDIARIES RESULTED IN AN INSIGNIFICANT AMOUNT OF INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE SUBSIDIARIES ARE SUBJECT TO U.S. FEDERAL INCOME TAX AS WELL AS INCOME TAX OF THE STATE OF CALIFORNIA. THE SUBSIDIARIES ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2018. THE SUBSIDIARIES RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN OTHER EXPENSE. THERE WERE NO INTEREST OR PENALTIES RECORDED IN 2022 OR 2021. 0 CHILDREN'S MIRACLE NETWORK 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 917611250 870387205 501(C)(3) 46400 0 TO INCREASE FUNDS AND AWARENESS FOR CHILDREN'S HOSPITAL LOS ANGELES. WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 501(C)(3) 539214 0 TO PROVIDE FINANCIAL SUPPORT TO SPONSOR COMMUNITY SERVICE OPPORTUNITIES. WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 537054493 396093210 501(C)(3) 15000 0 TO PROVIDE EDUCATIONAL PROGRAMS TO EMPOWER MEMBERS TO MAKE THE FINANCIAL CHOICES TO IMPROVE THEIR LIVES. ROSE BOWL LEGACY FOUNDATION 1001 ROSE BOWL DRIVE PASADENA CA 91103 010972999 501(C)(3) 13500 0 SUPPORT TO PROTECT, PRESERVE, AND ENHANCE ROSE BOWL'S FUTURE AS A NATIONAL HISTORIC LANDMARK. FRIENDS IN DEED 444 EAST WASHINGTON BLVD PASADENA CA 91104 951644608 501(C)(3) 10000 0 FINANCIALE ASSISTANCE IN ORDER TO PROVIDE SUPPORTIVE SERVICES TO MEET BASIC HUMAN NEEDS. 5 0 X X 1 1 X X X X 0 1 0 DARREN WILLIAMS PRESIDENT & CEO 788379 0 347784 0 147440 0 1187158 0 33365 0 2504126 0 0 0 KEITH PIPES EVP LENDING & FINANCIAL SERV 423103 0 161130 0 56623 0 200500 0 40698 0 882054 0 0 0 JOSEPH PELLISSERY SENIOR VP TECHNOLOGY & CIO 387051 0 103639 0 26450 0 91137 0 40698 0 648975 0 0 0 PAN KWE SR FINANCIAL ADVISOR 0 0 555707 0 904 0 16801 0 34831 0 608243 0 0 0 IRVING CHIU HENG YU SVP FINANCE & CFO 330525 0 86657 0 38607 0 84330 0 40598 0 580717 0 0 0 JONATHON ALLEN SVP FINANCIAL SVCS & DEPOSIT OPERATI 299878 0 81939 0 48040 0 93969 0 26094 0 549920 0 0 0 MELISSA PEDERSON SVP ADMINISTRATION 313276 0 81349 0 53431 0 81414 0 14485 0 543955 0 0 0 CHARLES THOMAS SVP CHIEF LENDING OFFICER 336691 0 86843 0 38194 0 7819 0 26094 0 495641 0 0 0 ADRIANA WELCH SVP BRANCH OPERATIONS 284662 0 76129 0 29807 0 92770 0 8731 0 492099 0 0 0 HASHIM FORRESTER SVP REMOTE SERVICE DELIVERY 331241 0 82197 0 24782 0 12603 0 15299 0 466122 0 0 0 DONALD SABLATURA MORTGAGE LOAN OFFICER 35393 0 317495 0 1739 0 14968 0 26003 0 395598 0 0 0 CARINA HOLLIS SVP AND GENERAL COUNSEL 262047 0 49407 0 47889 0 19236 0 2797 0 381376 0 0 0 DANOVA CHOW WEALTH ADVISOR 0 0 347883 0 874 0 6375 0 21297 0 376429 0 0 0 CINDY CHING-CHING LAW VP FINANCE 232153 0 47860 0 24825 0 11135 0 40698 0 356671 0 0 0 ALEXANDER MUNRO VP INFORMATION TECHNOLOGY 224240 0 47422 0 24341 0 16447 0 40448 0 352898 0 0 0 JONATHON BAUMAN VP LOAN SERVICING & DEFAULT MGR 244558 0 47515 0 15225 0 18249 0 24087 0 349634 0 0 0 GARY KOKONYAN VP BUSINESS ANALYTICS 223831 0 46255 0 18665 0 19589 0 40698 0 349038 0 0 0 STEPHANIE WINKLER VP HUMAN CAPITAL & DEVELOPMENT 239861 0 51232 0 28380 0 10329 0 13735 0 343537 0 0 0 JEFF SMRCKA VP CONSUMER LENDING 219882 0 43740 0 14186 0 20500 0 40347 0 338655 0 0 0 LISA THOMPSON VP ENTERPRISE RISK 237520 0 47094 0 19918 0 14637 0 16592 0 335761 0 0 0 MAGGIE PACHECO VP MORTGAGE LENDING 240858 0 46806 0 9316 0 11016 0 26094 0 334090 0 0 0 DAVID JABCZENSKI DIR. INVESTMENT SERVICES 140685 0 116557 0 6990 0 15607 0 40680 0 320519 0 0 0 RAFAEL GUERRA PRESIDENT WIS 213690 0 32444 0 20789 0 16440 0 26085 0 309448 0 0 0 VICTOR LOPEZ VP BRANCH OPERATIONS 209579 0 41586 0 32350 0 16518 0 9055 0 309088 0 0 0 RUSSELL DOUGLASS VP TREASURY 199795 0 40402 0 10446 0 19085 0 37789 0 307517 0 0 0 TRUONG THIEU FINANCIAL ADVISOR 1854 0 275674 0 297 0 18873 0 7869 0 304567 0 0 0 MARK DY-RAGOS VP INFORMATION SECURITY 201455 0 41586 0 26525 0 7712 0 26935 0 304213 0 0 0 DAVID CERWINSKI VP CORP DEV & PRES OF WRG 202314 0 40370 0 17166 0 15020 0 23873 0 298743 0 0 0 BRIAN SEDLAK VP INFO TECH DEVELOPMENT 203938 0 41877 0 21677 0 13729 0 13728 0 294949 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE PRESIDENT IS AUTHORIZED TO INCUR FIRST CLASS TRAVEL EXPENSES ON BEHALF OF HIS/HER SPOUSE PROVIDED THAT THE PRESIDENT SHALL BE RESPONSIBLE FOR ALL TAXES FOR ANY SUCH EXPENSES, AND THE TRAVEL IS RELATED TO THE CREDIT UNION AND IN THE BEST INTEREST OF THE CREDIT UNION. PART I, LINE 4B THE CREDIT UNION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN. FOR TAX YEAR 2022, THE FOLLOWING INDIVIDUALS HAVE EARNED BUT UNPAID INCENTIVE COMPENSATION DEFERRED UNDER A DEFERRED COMPENSATION PLAN. THE APPLICABLE AMOUNTS BELOW ARE INCLUDED AS PART OF THEIR "RETIREMENT AND OTHER DEFERRED COMPENSATION" FIGURES ON PART II COLUMN C: - DARREN WILLIAMS $1,166,658 - KEITH PIPES $180,000 - IRVING YU $63,830 - JONATHON ALLEN $73,469 - MELISSA PEDERSON $60,914 - JOSEPH PELLISSERY $74,678 - ADRIANA WELCH $72,500 ADRIANA WELCH KEY EMPLOYEE 1ST MORTGAGE X 799200 620950 0 1 1 ADRIANA WELCH KEY EMPLOYEE CREDIT CARD X 7500 282 0 1 1 ADRIANA WELCH KEY EMPLOYEE AUTO LOAN X 48706 32799 0 1 1 ASHLEY WHITE KEY EMPLOYEE 1ST MORTGAGE X 327700 312120 0 1 1 ALEXANDER MUNRO KEY EMPLOYEE AUTO LOAN X 12139 5366 0 1 1 CARINA HOLLIS KEY EMPLOYEE HELOC X 393750 343054 0 1 1 DANIEL MOORE KEY EMPLOYEE 1ST MORTGAGE X 507500 412607 0 1 1 DANIEL MOORE KEY EMPLOYEE AUTO LOAN X 51275 385 0 1 1 DARREN WILLIAMS OFFICER HELOC X 700000 459842 0 1 1 DARREN WILLIAMS OFFICER 1ST MORTGAGE X 2695170 2670559 0 1 1 DARREN HOSHIDE KEY EMPLOYEE 1ST MORTGAGE X 608000 780214 0 1 1 DAVID CERWINSKI KEY EMPLOYEE 1ST MORTGAGE X 390000 266739 0 1 1 DONALD SABLATURA KEY EMPLOYEE AUTO LOAN X 40424 22466 0 1 1 DONALD SABLATURA KEY EMPLOYEE 1ST MORTGAGE X 599500 588334 0 1 1 GARY KOKONYAN KEY EMPLOYEE AUTO LOAN X 21871 10972 0 1 1 GARY KOKONYAN KEY EMPLOYEE CREDIT CARD X 25000 741 0 1 1 HELIO MARTINEZ KEY EMPLOYEE 1ST MORTGAGE X 200000 130764 0 1 1 HELIO MARTINEZ KEY EMPLOYEE HELOC X 150000 149938 0 1 1 HELIO MARTINEZ KEY EMPLOYEE AUTO LOAN X 40254 21815 0 1 1 IRVING YU OFFICER 1ST MORTGAGE X 800000 763960 0 1 1 IRVING YU OFFICER HELOC X 250000 160000 0 1 1 JONATHON ALLEN KEY EMPLOYEE AUTO LOAN X 60000 44493 0 1 1 KEITH PIPES OFFICER 1ST MORTGAGE X 2280000 2205856 0 1 1 KEITH PIPES OFFICER CREDIT CARD X 24500 610 0 1 1 MARISA SUE KEY EMPLOYEE 1ST MORTGAGE X 416000 386686 0 1 1 MARK DY-RAGOS KEY EMPLOYEE 1ST MORTGAGE X 680000 624240 0 1 1 MELISSA PEDERSON KEY EMPLOYEE CREDIT CARD X 26500 12176 0 1 1 MELISSA PEDERSON KEY EMPLOYEE AUTO LOAN X 70470 45404 0 1 1 MELISSA PEDERSON KEY EMPLOYEE 1ST MORTGAGE X 636000 533753 0 1 1 MELISSA PEDERSON KEY EMPLOYEE HELOC X 350000 52635 0 1 1 RALPH BAUTISTA KEY EMPLOYEE CREDIT CARD X 28500 494 0 1 1 RUSSELL DOUGLASS KEY EMPLOYEE 1ST MORTGAGE X 438000 360067 0 1 1 SYLVIE OHANNESSIAN KEY EMPLOYEE 1ST MORTGAGE X 682000 587000 0 1 1 VICTOR LOPEZ KEY EMPLOYEE 1ST MORTGAGE X 362000 266589 0 1 1 VICTOR LOPEZ KEY EMPLOYEE CREDIT CARD X 26800 3449 0 1 1 12877359 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS OWNED BY MEMBERS, MEMBERSHIP IS AVAILABLE TO ANY AND ALL PERSONS WHO LIVE, REGULARLY WORK, CURRENTLY ATTEND SCHOOL, OR CURRENTLY WORSHIP IN THE SEVEN COUNTIES OF SOUTHERN CALIFORNIA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT THE GOVERNING BODY. EACH MEMBER HAS ONE VOTE TO ELECT THE MEMBERS FOR THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE DIRECTORS, ELECTIONS ARE HELD AND BOARD DECISIONS REGARDING ELECTION OR REMOVAL OF DIRECTORS ARE VOTED ON BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE VP CONTROLLER, THE SVP CHIEF FINANCIAL OFFICER, AND THE CEO OF THE ORGANIZATION. THE RETURN THEN GOES THROUGH A FINAL REVIEW BY THE BOARD OF DIRECTORS BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ENFORCED AND MONITORED THROUGH OUR VARIOUS REPORTING MECHANISMS (ETHICS POINT, OPEN DOOR COMMUNICATION POLICY, WHICH INCLUDES RECOMMENDING THAT EMPLOYEES DISCUSS THE ISSUES WITH THEIR MANAGER, HUMAN RESOURCES, SENIOR MANAGEMENT OR THE CEO), WE ADDRESS THE ISSUE AND USE OUR POLICY FOR GUIDANCE, WHICH PROMOTES CONSISTENCY. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION: WESCOM CREDIT UNION'S BOARD OF DIRECTORS PARTNERS WITH A THIRD PARTY VENDOR TO PERFORM REGULAR REVIEWS TO ENSURE THAT THE PRESIDENT/CEO'S SALARY AND TARGET INCENTIVE REMAIN IN THE APPROPRIATE RELATIONSHIP TO THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIAL PERFORMANCE. IN ADDITION, THE PRESIDENT/CEO'S SUPPLEMENTAL RETIREMENT ACCOUNT IS REVIEWED WITH THE BOARD TO EVALUATION INVESTMENT PERFORMANCE AND TO CONSIDER ANY PROGRAM ADJUSTMENTS THAT NEED TO BE MADE TO ENSURE THE PROGRAM REMAINS APPROPRIATE TO THE MARKET. THE BOARD APPROVES ALL CHANGES TO THE PRESIDENT/CEO'S COMPENSATION AND SUPPLEMENTAL RETIREMENT PLANS. FORM 990, PART VI, SECTION B, LINE 15B: OTHER KEY EMPLOYEES' COMPENSATION: WESCOM CREDIT UNION PARTNERS WITH A THIRD PARTY TO PERFORM A PERIODIC REVIEW TO ENSURE THAT THE EXECUTIVE AND STAFF TEAM MEMBERS' SALARY RANGES AND TARGET INCENTIVES REMAIN IN AN APPROPRIATE RELATIONSHIP WITH THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIALS PERFORMANCE. THE HR COMMITTEE OF THE BOARD REVIEWS THE INFORMATION AND PREPARES A RECOMMENDATION FOR THE BOARD OF DIRECTORS APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. REQUESTS REGARDING GOVERNING DOCUMENTS AND CONFLICT OF INTERESTS CAN BE SUBMITTED TO THE ORGANIZATION AND COPIES WILL BE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S INFORMATIONAL RETURN IS AVAILABLE UPON REQUEST OR ON A PUBLIC WEBSITE, GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 51,719,614. CHANGE IN FUNDED STATUS OF DEFINED BENEFIT PENSION PLAN 229,114. WESCOM FINANCIALS SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954853684 FINANCIAL SERVICES CA 9280675 10689056 WESCOM CREDIT UNION WESCOM RESOURCES GROUP LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 431966875 DATA PROCESSING CA 4508475 7432957 WESCOM CREDIT UNION WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 CHARITY FUND CA 501(C)(3) LINE 10 N/A 0 WESCOM CENTER ASSOCIATION INC 5601 E LA PALMA AVE ANAHEIM CA 92807 562628434 MANAGEMENT OF REAL PROPERTY CA WESCOM CENTRAL CREDIT UNION C 17487 0.33820 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 WESCOM FINANCIALS SERVICES LLC J 1147073 ACTUAL AMOUNT PAID WESCOM RESOURCES GROUP LLC J 1382151 ACTUAL AMOUNT PAID WESCOM FOUNDATION B 227616 EMPLOYEE CONTRIB. PLUS WCCU MATCH WESCOM FOUNDATION B 425406 AMOUNT OF CONTRIBUTION