2022-10-07T14:55:59-05:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 941289802 HERITAGE COMMUNITY CREDIT UNION HERI 9163641700 PO BOX 790 RANCHO CORDOVA CA 95741 ED TURK PRESIDENT/CEO 9163641700 2022-10-06 1 ED TURK XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2022-10-06 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z ED TURK PO BOX 790 RANCHO CORDOVA CA 95741 8688988 0 X WWW.HERITAGECCU.COM X 1999 CA CREDIT UNION PROVIDING DEPOSIT ACCOUNTS, LOANS AND OTHER PRODUCTS TO ITS MEMBERS 8 8 57 8 0 0 0 0 9631794 8521581 0 158507 0 0 9631794 8680088 0 0 0 0 3433598 3479746 0 0 0 6172578 4155513 9606176 7635259 25618 1044829 237087164 248959506 216483002 227316483 20604162 21643023 X ESTABLISHED IN 1953, HERITAGE COMMUNITY CREDIT UNION IS A FORWARD-LOOKING, FULL-SERVICE, NOT-FOR-PROFIT FINANCIAL INSTITUTION SERVING MEMBERS THROUGHOUT THE GREATER SACRAMENTO AND CENTRAL VALLEY REGIONS OF CALIFORNIA COMMITTED TO PROVIDING RELIABLE, EQUITABLE FINANCIAL SOLUTIONS TO OUR MEMBERSHIP BASE. 0 0 HERITAGE OFFERS CHECKING, SAVINGS, MONEY MARKET, AND SHARE CERTIFICATES WITH MINIMAL OR NO COST TO MEMBERS WHILE PAYING OUT COMPETITIVE DIVIDENDS. MEMBERS CAN ACCESS FUNDS THROUGH OUR BRANCHES, CONTACT CENTER, ONLINE AND MOBILE BANKING, DEBIT CARDS, AND TRANSFERS THROUGH WIRE OR ZELLE. HERITAGE HAS A VARIETY OF AFFORDABLE LOAN OPTIONS FOR HOMES, AUTOMOBILES, RECREATIONAL VEHICLES, MANUFACTURED RESIDENCES, PERSONAL USE, AND LINES OF CREDIT. ALL LOANS FEATURE CURRENT AND COMPETITIVE INTEREST RATES. HERITAGE PROVIDES OPPORTUNITIES FOR THOSE LOOKING TO INVEST IN THEIR FINANCIAL FUTURE VIA RETIREMENT, BROKERAGE ACCOUNTS, AND COMPREHENSIVE INSURANCE OPTIONS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 2726 0 1 57 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MATT HARMS CFO 9163641700 PO BOX 790 RANCHO CORDOVA CA 95741 ED TURK PRESIDENT/CEO 40.00 X 276299 0 14375 CHRISTINE HAROLDSON CHIEF LENDING OFFICER 40.00 X 161555 0 10958 MATT HARMS CFO 40.00 X 156613 0 6672 CHAD SUGGS VP INFORMATION TECHNOLOGY 40.00 X 155493 0 5766 CRAIG ENGSTROM VP MEMBER SERVICES 40.00 X 108627 0 7873 BOBBI BEEHLER SECRETARY 1.00 X X 660 0 0 WILLIAM WINDLE CHAIRPERSON 1.00 X X 0 0 0 HARRY HANNAN VICE-CHAIRPERSON 1.00 X X 0 0 0 ALLAN WISNICKY TREASURER 1.00 X X 0 0 0 JOFIL BORJA DIRECTOR 1.00 X 0 0 0 HUONG VU DIRECTOR 1.00 X 0 0 0 JAMIE PADILLA DIRECTOR 1.00 X 0 0 0 KEVIN QUAINTANCE ASSOCIATE BOARD MEMBER 1.00 X 0 0 0 859247 0 45644 5 0 1 0 UNITED SOLUTIONS COMPANY 1585 SUMMIT LAKE DRIVE STE 300 TALLAHASSEE FL 32317 SERVER HOSTING 283868 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 ONLINE & MOBILE BANKING 270632 QUEST PO BOX 430 ROSEVILLE CA 95678 NETWORK SUPPORT 227967 KASASA LTD PO BOX 527 LUBBOCK TX 79408 CHECKING ACCOUNT SERVICES 167217 US TELEPACIFIC CORP PO BOX 509013 SAN DIEGO CA 921509013 TELECOMMUNICATIONS 101521 5 INTEREST ON LOANS 522291 6148127 6148127 FEE INCOME AND OTHER 522100 2373454 2373454 8521581 167407 167407 8900 -8900 -8900 -8900 8680088 8521581 0 158507 X 788390 2124163 95980 241628 229585 6095 66750 855135 157903 1054210 366082 433190 5966 9185 355856 347642 76127 PROVISION FOR LOAN LOSS 259666 LOAN SERVICING 130375 REGULATORY FEES 31331 7635259 1082454 1092242 39172973 54969517 5079682 3400193 178580761 176280323 283884 586816 6503554 4858471 1908647 1645083 955883 794630 1969900 2124332 8052980 8066370 237087164 248959506 1737162 1792856 5000000 2000000 209745840 223523627 216483002 227316483 X 0 0 0 0 20604162 21643023 20604162 21643023 237087164 248959506 1044829 -5968 0 X 0 1 X 1 0 175000 175000 2430199 1280047 1150152 1712649 1540744 171905 2165984 2017958 148026 19722 19722 0 1645083 MEMBER SHARES 219483590 MEMBER IRA ACCOUNTS 4040037 223523627 X PART X, LINE 2: INCOME TAXES - THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL AND STATE TAXATION, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSES IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. A TAX-EXEMPT ORGANIZATION INFORMATION RETURN IS FILED ANNUALLY IN THE FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2015. THE CREDIT UNION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2021 AND 2020. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2021 AND 2020, THE CREDIT UNION RECOGNIZED NO INTEREST OR PENALTIES. X 1 1 X X 0 1 0 ED TURK PRESIDENT/CEO 251832 0 3730 0 20737 0 10095 0 4280 0 290674 0 0 0 CHRISTINE HAROLDSON CHIEF LENDING OFFICER 155007 0 0 0 6548 0 6419 0 4539 0 172513 0 0 0 MATT HARMS CFO 151645 0 0 0 4968 0 6101 0 571 0 163285 0 0 0 CHAD SUGGS VP INFORMATION TECHNOLOGY 151028 0 0 0 4465 0 1831 0 3935 0 161259 0 0 0 PART I, LINE 4B ED TURK, PRESIDENT/CEO, PARTICIPATES IN A SECTION 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE PLAN IS UNFUNDED AND NO CONTRIBUTIONS OR DISTRIBUTIONS OCCURRED DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A CREDIT UNION AND THUS HAS MEMBER OWNERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBER OWNERS WHO ELECT A VOLUNTEER BOARD FROM ITS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY MANAGEMENT AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY ADOPTS THE BOARD GOVERNANCE MANUAL, WHICH INCLUDES A CONFLICT OF INTEREST POLICY. MONITORING OF THE CONFLICT OF INTEREST POLICY IS CONDUCTED THROUGH AN ANNUAL POLICY REVIEW. STAFF MEMBERS ARE REQUIRED EACH YEAR TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY LOCATED WITHIN THE EMPLOYEE HANDBOOK. AT THE POINT OF A POTENTIAL CONFLICT FOR A BOARD MEMBER, A PEER REVIEW IS CONDUCTED. ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND STAFF IS BASED ON A REVIEW OF POTENTIAL CONFLICTS AND, IF A CONFLICT EXISTS, MEDIATION OCCURS. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE SALARY DATA IS ACQUIRED FROM MULTIPLE SOURCES. THE CHAIRMAN REVIEWS THE INFORMATION WITH THE DIRECTORS TO DETERMINE AND SUBSTANTIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED IN EACH BRANCH. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 855,135. MATHER FINANCIAL SERVICES 10415 OLD PLACERVILLE ROAD SACRAMENTO CA 95827 680109727 CUSO (INACTIVE) CA HERITAGE COMMUNITY CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0