2023-10-27T18:16:09-05:00 2022-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2022-01-01 940362029 CENTRAL STATE CREDIT UNION FKA CREDIT UNIONS IN THE STATE OF CA CENT 2094445311 919 NORTH CENTER STREET STOCKTON CA 95202 ANNA LO CEO/PRESIDENT 2094445311 2023-10-23 1 ANNA LO 999009999 0 VALENTINO CREUS CPA P01054153 8189549700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANNA LO 919 NORTH CENTER STREET STOCKTON CA 95202 8378360 0 X WWW.CENTRALSTATECU.ORG X CREDIT UNION 1936 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 5 69 10 205577 0 0 0 6036601 5906730 930075 2435630 252696 36000 7219372 8378360 2568 7403 0 0 3022063 3380319 0 0 0 3355812 3596332 6380443 6984054 838929 1394306 247800145 239083706 229916213 234233829 17883932 4849877 X CENTRAL STATE CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVING 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 CENTRAL STATE 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. 0 0 WE ARE IN BUSINESS TO LOAN FUNDS TO OUR MEMBERS AT LOW RATES. WE ARE A COMMUNITY BASED CREDIT UNION SERVING OVER 18,000 MEMBERS. MEMBERS CAN USE OUR ELECTRONIC SERVICES 24/7 THROUGH SEVERAL DELIVERY CHANNELS, INCLUDING HOME BANKING, BILL PAY AND ATM SERVICES. WE HAVE AN ARRAY OF OTHER LOW COST OR NO COST SERVICES SUCH AS CHECKING ACCOUNTS, IRA ACCOUNTS AND OTHER FINANCIAL SERVICES. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1904 0 69 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 CA X X ANNA LO CEOPRESIDENT 2094445310 919 NORTH CENTER STREET STOCKTON CA 95202 LINDA FRONTZ BOARD CHAIR 1.00 X 0 0 0 RICH GARCIA VICE CHAIRMAN 1.00 X 0 0 0 LORI OLSON SECRETARY 1.00 X 0 0 0 JOE LODUCA TREASURER 1.00 X 0 0 0 JAMES KIEFER BOARD MEMBER 1.00 X 0 0 0 LEWIS P SAMSELL SUPERVISORY CHAIR 1.00 X 0 0 0 EFRAIN AGUILAR SUPERVISORY MEMBER 1.00 X 0 0 0 VICTORIA L NEVAREZ SUPERVISORY MEMBER 1.00 X 0 0 0 DEBORAH HALVORSON SUPERVISORY MEMBER 1.00 X 0 0 0 DOUG LINGO SUPERVISORY MEMBER 1.00 X 0 0 0 BRUCE MILGROM FORMER CEO 40.00 X 74612 0 16934 SCOTT M WAITE PRESIDENT AND CEO 40.00 X 202420 0 14763 BENGINO MAGDALENO VP OF INFORMATION SYSTEMS 40.00 X 111992 0 20775 PATRICIA MURARIK VP OF OPERATIONS 40.00 X 113434 0 19042 502458 0 71514 3 0 1 0 FIS 2923 BRADLEY ST PASADENA CA 91107 FINANCIAL SERVICES 698348 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65709 COMPUTER SOFTWARE SERVICES 249376 APITURE 1850 TIBURON DRIVE WILMINGTON NC 28403 FINANCIAL SERVICES 178375 3 INTEREST ON LOANS 900099 3023289 3023289 OTHER OPERATING INCOME 900099 1861986 1861986 FEE INCOME 900099 1021455 815878 205577 5906730 2435630 2435630 OTHER NON-OPERATING IN 900099 36000 36000 36000 8378360 8172783 205577 0 4000 3403 502458 2319627 101368 227280 229586 45000 83555 405207 46659 1331620 207288 654859 26508 87973 323456 14766 LOAN SERVICING 239441 MISCELLANEOUS EXPENSE 94339 OPERATING FEES 35661 6984054 2212081 2262566 46284201 24679748 27620 22485 8056439 4543495 3774452 3512944 115711693 114193317 177656 68589582 82523826 11200516 11711164 247800145 239083706 789569 1182429 229126644 233051400 229916213 234233829 X 0 0 0 0 17883932 4849877 17883932 4849877 247800145 239083706 1394306 -14428361 0 X X 0 1 X 1 0 1113399 1113399 5261663 3027135 2234528 4982 4982 0 1676395 1511378 165017 3512944 DEPOSITS IN COMMERCIAL BANKS 5725000 C PAID-IN CAPITAL AT CORP 347505 C NET LOANS & LEASES 74233236 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 2218085 C 82523826 TOTAL SHARES & DEPOSITS 233051400 233051400 X PART X, LINE 2: 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 SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT PERIOD. FOR THE YEAR ENDED JUNE 30, 2022 AND 2021, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. X X 0 0 0 SCOTT M WAITE PRESIDENT AND CEO 180836 0 20000 0 1584 0 0 0 14763 0 217183 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. ALL MEMBERS CAN ELECT MEMBERS OF THE GOVERNING BODY, THE BOARD OF DIRECTORS. MEMBERS DO NOT APPROVE SIGNIFICANT DECISIONS OR RECEIVE A SHARE OF THE CREDIT UNION PROFITS OR EXCESS DUE UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RIGHT TO ELECT THE GOVERNING BODY, THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE OWNERS OF THE CREDIT UNION AND 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 B, LINE 11B EXECUTIVE MANAGEMENT REVIEWS THE FORM 990. THE FORM 990 WAS REVIEWED BY THE CHAIRMAN OF THE SUPERVISORY COMMITTEE PRIOR TO THE FILING OF THE RETURN. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS AS THE NEXT MONTHLY MEETING FOLLOWING THE FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION DOES NOT PERMIT ITS STAFF TO MAKE TRANSACTIONS ON THEIR ACCOUNT OR THE ACCOUNTS OF THEIR FAMILY MEMBERS. THE STAFF IS ALSO REQUIRED TO LET THE CREDIT UNION KNOW IF THEY HAVE A SECOND JOB. EACH YEAR, THE STAFF AND VOLUNTEERS ARE REQUIRED TO READ AND SIGN THE PERSONNEL POLICY WHICH INCLUDES A CONFLICT OF INTEREST CLAUSE. THE VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE CREDIT UNION USES COMPARABLE DATA FROM INDEPENDENT COMPENSATION SURVEYS TO PRESENT TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC, HOWEVER THE CONFLICT OF INTEREST POLICY WAS APPROVED BY THE GOVERNING BODY, THE BOARD OF DIRECTORS. THE CREDIT UNION POSTS OUR FINANCIAL STATEMENT FOR THE PUBLIC IN OUR LOBBY ON A MONTHLY BASIS. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR.