2022-11-11T10:13:41-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2021-01-01 941209440 SAN FRANCISCO FIRE CREDIT UNION SANF 4156744800 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 THU NGUYEN VP CONTROLLER 4156744800 2022-11-10 1 THU NGUYEN 999009999 MELISSA HANGSLEBEN P02087031 6022662248 2022-11-10 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z KATHY DUVALL 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 147006470 0 X WWW.SFFIRECU.ORG X 1951 CA BUILT BY SAN FRANCISCO FIREFIGHTERS AND COMMITTED TO THE FINANCIAL SAFETY AND SECURITY OF OUR COMMUNITY. 8 8 238 8 374797 40072 0 0 59148794 53995309 4176353 1407249 0 0 63325147 55402558 0 0 4706854 2344191 28894303 25362716 0 0 0 27015071 21250086 60616228 48956993 2708919 6445565 1652125521 1733829261 1518944717 1604738600 133180804 129090661 BUILT BY SAN FRANCISCO FIREFIGHTERS AND COMMITTED TO THE FINANCIAL SAFETY AND SECURITY OF OUR COMMUNITY. 0 0 MORTGAGE LENDING: EXPENSES RELATED TO OUR MEMBER LOAN PROGRAMS, INCLUDING CREDIT BUREAUS, LOAN CONSULTING FEES, TAX SERVICES, LOAN FUNDING, LOAN ESCROW, FORECLOSURES, LOAN SALE EXPENSE AND COLLATERAL PROTECTION EXPENSE. INDIRECT LOAN PROGRAMS THROUGH CUDL, WHEREBY MEMBERS CAN FINANCE A VEHICLE WITH SF FIRE VIA THE DEALER. EXPENSES INCLUDE COSTS TO THE DEALER, TITLE, REGISTRATION AND RECORDING FEES. REIMBURSEMENT OF MEMBER'S ATM SERVICE FEE TRANSACTIONS AT ATM MACHINES THAT ARE NOT OWNED AND OPERATED BY SF FIRE. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 15168 0 238 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 1 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 CA X THU NGUYEN 4152661163 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 JOHN E SWEENEY CHAIRMAN 4.00 X X 0 0 0 ROBERT OLSON VICE CHAIR 4.00 X X 0 0 0 BROOK BAKER SECRETARY 2.00 X X 0 0 0 KIM WEISS DIRECTOR 2.00 X 0 0 0 ROBERT CAPPA DIRECTOR 2.00 X 0 0 0 ANTHONY DILUZIO DIRECTOR 2.00 X 0 0 0 ETTORE LEALE DIRECTOR 2.00 X 0 0 0 ANTHONY RIVERA DIRECTOR 2.00 X 0 0 0 KATHERINE DUVALL PRESIDENT & CEO 50.00 X 804844 0 1568055 JOHN BASALLA SVP AUDIT/CRO 50.00 X 168025 0 52878 GLENN GORTNEY SVP BRAND LOYALTY 50.00 X 262115 0 39915 AARON SATO SVP FINANCE/CFO 50.00 X 312038 0 48259 DAWN CHUTE SVP HUMAN RESOURCES 50.00 X 226331 0 49948 ANTHONY VITALE SVP IT 50.00 X 327400 0 55587 BRYDEN CAIRNEY SVP LENDING 50.00 X 272350 0 41905 ADAM JONES SVP MEMBER EXPERIENCE 50.00 X 148268 0 1125 MICHELE MURPHY VP REAL ESTATE LENDING 40.00 X 176050 0 39806 THU NGUYEN VP CONTROLLER 40.00 X 176819 0 17623 JOHN MIX VP BUSINESS SERVICES 40.00 X 189725 0 33211 CAROL FRIEND DIRECTOR OF LENDING OPERATIONS & ADMIN 40.00 X 200912 0 16817 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR 40.00 X 462072 0 15240 CHRISTOPHER HOLDAN SENIOR COMMERCIAL LOAN OFFICER 40.00 X 239460 0 42281 GRADY WINN MORTGAGE LOAN OFFICER 40.00 X 172001 0 18158 WINSLOW CROCKWELL AVP - APPLICATIONS & DEVELOPMENT 40.00 X 159393 0 22440 ROBYN GAENZ AVP FINANCIAL REPORTING 40.00 X 154185 0 27710 4451988 0 2090958 55 0 1 0 XTERRA SOLUTIONS INC 311 CALIFORNIA ST SUITE 300 SAN FRANCISCO CA 94104 SOFTWARE AND CONSULTING 1440222 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 ONLINE BANKING 1233669 CORELATION INC 2305 HISTORIC DECATUR RD 300 SAN DIEGO CA 92106 SOFTWARE AND CONSULTING 906078 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 STATEMENT PROCESSING 382997 FINASTRA USA CORP PO BOX 535120 ATLANTA GA 30353 DATABASE MANAGEMENT 117125 37 INTEREST ON LOANS 522100 39199979 39199979 INTERCHANGE INCOME 522100 5276233 5276233 OTHER OPERATING INCOME 522100 4410435 4407782 2653 FEE INCOME 522100 2974924 2962046 12878 MORTGAGE LOAN SALES 522100 1769007 1769007 364731 5465 359266 53995309 639259 639259 92371902 91570202 33710 801700 -33710 767990 767990 55402558 53620512 374797 1407249 2344191 5230006 15708617 460702 2672547 1290844 113869 272389 7290 1752950 580080 2536769 3873391 2515627 14458 42852 1634909 435044 UBI TAXES 9654 CREDIT CARD EXPENSES 2837109 LOAN SERVICING 1578433 ATM EXPENSES 1113789 1931473 48956993 4263950 1948028 286105197 134451518 688297 703802 11531290 8679154 994166465 978303953 1693284 2920514 22123435 9624872 16464362 12498563 273160265 522837549 11338234 11612541 52714177 59873639 1652125521 1733829261 10464185 13584016 1535372 1698961 1506945160 1589455623 1518944717 1604738600 X 0 0 0 0 133180804 129090661 133180804 129090661 1652125521 1733829261 X 6445565 -12025121 1489413 X 0 0 0 7290 0 0 7290 7290 1 CALIFORNIA CREDIT UNION LEAGUE 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 91761 952626042 7290 PART I-A, LINE 1: PAC PAYMENT TO CALIFORNIA CREDIT UNION LEAGUE 0 1 X 2479464 2479464 5639479 2245224 3394255 3999499 2803642 1195857 7049916 4085782 2964134 2955077 490224 2464853 12498563 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1589455623 1589455623 PART IV, LINE 2B: THESE ARE CASH DEPOSITS MADE BY MORTGAGE LOAN BORROWERS FOR THE PAYMENT OF PROPERTY TAXES AND INSURANCE PAYMENTS. X X 1 1 X X X 0 1 0 KATHERINE DUVALL PRESIDENT & CEO 577539 0 136957 0 90348 0 1531100 0 36955 0 2372899 0 0 0 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR 58630 0 402392 0 1050 0 4345 0 10895 0 477312 0 0 0 ANTHONY VITALE SVP IT 325000 0 0 0 2400 0 32100 0 23487 0 382987 0 0 0 AARON SATO SVP FINANCE/CFO 309638 0 0 0 2400 0 32100 0 16159 0 360297 0 0 0 BRYDEN CAIRNEY SVP LENDING 270000 0 0 0 2350 0 32929 0 8976 0 314255 0 0 0 GLENN GORTNEY SVP BRAND LOYALTY 259715 0 0 0 2400 0 30939 0 8976 0 302030 0 0 0 CHRISTOPHER HOLDAN SENIOR COMMERCIAL LOAN OFFICER 110000 0 129010 0 450 0 9694 0 32587 0 281741 0 0 0 DAWN CHUTE SVP HUMAN RESOURCES 223931 0 0 0 2400 0 29765 0 20183 0 276279 0 0 0 JOHN MIX VP BUSINESS SERVICES 188500 0 0 0 1225 0 7775 0 25436 0 222936 0 0 0 JOHN BASALLA SVP AUDIT/CRO 165625 0 0 0 2400 0 27374 0 25504 0 220903 0 0 0 CAROL FRIEND DIRECTOR OF LENDING OPERATIONS & ADM 198900 0 0 0 2012 0 8209 0 8608 0 217729 0 0 0 MICHELE MURPHY VP REAL ESTATE LENDING 175000 0 0 0 1050 0 7002 0 32804 0 215856 0 0 0 THU NGUYEN VP CONTROLLER 175769 0 0 0 1050 0 7237 0 10386 0 194442 0 0 0 GRADY WINN MORTGAGE LOAN OFFICER 58589 0 112662 0 750 0 6607 0 11551 0 190159 0 0 0 ROBYN GAENZ AVP FINANCIAL REPORTING 152885 0 0 0 1300 0 2308 0 25402 0 181895 0 0 0 WINSLOW CROCKWELL AVP - APPLICATIONS & DEVELOPMENT 158343 0 0 0 1050 0 6509 0 15931 0 181833 0 0 0 PART I, LINE 1A THE CREDIT UNION REIMBURSES TRAVEL EXPENSES FOR COMPANIONS TRAVELING TO THE BOARD OFF-SITE ANNUAL PLANNING CONFERENCES. PART I, LINE 4B THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN (457(F)) FOR THE PRESIDENT/CEO. UNDER THE TERMS OF THE PLAN, THE PARTICIPANT IS ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. THE FOLLOWING ARE CONTRIBUTIONS THE CREDIT UNION MADE TO THE 457(F) PLAN AS OF DECEMBER 31, 2021. THERE WERE NO DISTRIBUTIONS MADE FROM THIS PLAN AS OF DECEMBER 31, 2021. KATHY DUVALL - $1,500,000 BROOK BAKER BOARD MEMBER VISA X 30000 7969 0 0 1 BROOK BAKER BOARD MEMBER VISA X 3000 267 0 0 1 ROBERT CAPPA JR BOARD MEMBER VISA PLATINUM X 10000 247 0 0 1 ANTHONY DILUZIO BOARD MEMBER MORTGAGE X 1000000 947819 0 0 1 ANTHONY DILUZIO BOARD MEMBER MORTGAGE X 730000 691908 0 0 1 ANTHONY DILUZIO BOARD MEMBER VISA BUSINESS X 50000 1546 0 0 1 ROBERT OLSON BOARD MEMBER VISA PLATINUM X 15000 2576 0 0 1 ROBERT OLSON BOARD MEMBER VISA PLATINUM X 25000 17720 0 0 1 JOHN E SWEENEY BOARD MEMBER MORTGAGE X 320000 296525 0 0 1 JOHN E SWEENEY BOARD MEMBER VISA GOLD X 30000 15932 0 0 1 JOHN E SWEENEY BOARD MEMBER PRIME HELOC X 140000 12000 0 0 1 KATHERINE DUVALL PRESIDENT & CEO MORTGAGE X 1815500 1740170 0 1 1 KATHERINE DUVALL PRESIDENT & CEO PRIME HELOC X 400000 382666 0 0 1 GLENN GORTNEY SVP BRAND LOYALTY MORTGAGE X 560000 531500 0 1 1 AARON SATO SVP FINANCE/CFO MORTGAGE X 1000000 988047 0 1 1 AARON SATO SVP FINANCE/CFO AUTO X 40789 34127 0 0 1 DAWN CHUTE SVP HUMAN RESOURCES MORTGAGE X 656500 631693 0 1 1 DAWN CHUTE SVP HUMAN RESOURCES AUTO X 20000 20000 0 0 1 ANTHONY VITALE SVP IT MORTGAGE X 1160000 1129148 0 1 1 JOHN MIX VP BUSINESS SERVICES MORTGAGE X 255000 247862 0 0 1 THU NGUYEN VP CONTROLLER AUTO X 52901 39256 0 0 1 THU NGUYEN VP CONTROLLER HELOC X 40950 37456 0 0 1 THU NGUYEN VP CONTROLLER MORTGAGE X 655200 644714 0 0 1 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR MORTGAGE X 295000 258006 0 0 1 8679154 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED DURING CALENDAR 2021. THE FOLLOWING WERE THE CHANGES - - UPDATED THE REGULATORY AGENCY NAME THROUGHOUT THE DOCUMENT TO ITS NEW NAME "DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION". -ADDED LANGUAGE IN SECTION 304, ADMISSION TO MEMBERSHIP, TO ALLOW FOR FLEXIBILITY IN HOW WE CHARGE MEMBERS FOR ADMISSION TO MEMBERSHIP. - CLARIFIED IN SECTION 303, PERIODIC MEMBERSHIP FEE, THAT THE FEE IS NOT AN ADMISSION FEE. - SECTION 309, WITHDRAWAL FROM MEMBERSHIP IN THE CREDIT UNION, WAS ADDED FOR CONSISTENCY WITH THE STATE BYLAW TEMPLATE. - ADDED SECTION 1407, INDEMNITY. - THE NUMBER OF YEARS A COMMITTEE MEMBER MAY SERVE IS UPDATED AS FOLLOWS: THE AUDIT COMMITTEE MEMBERS SHALL SERVE FROM THE TIME OF THEIR APPOINTMENT FOR A PERIOD OF THREE YEARS AND UNTIL THEIR SUCCESSORS SHALL HAVE BEEN APPOINTED. THE TERM OF OFFICE OF AUDIT COMMITTEE MEMBERS SHALL EXPIRE AT THE END OF THREE YEARS. FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF FIREFIGHTERS, FAMILY MEMBERS OF FIREFIGHTERS, SAN FRANCISCO FIRE DEPARTMENT HISTORICAL MEMBERS, AND THOSE WHO SUPPORT FIREFIGHTERS AND LIVE, WORK, OR ATTEND SCHOOL IN THE CITY OR COUNTY OF SAN FRANCISCO, SAN MATEO COUNTY, AND MARIN COUNTY. FORM 990, PART VI, SECTION A, LINE 7A SAN FRANCISCO FIRE CREDIT UNION IS OWNED BY ITS MEMBERS. EACH MEMBER CAN CAST ONE VOTE IN THE ANNUAL ELECTION OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE PERSONS COVERED UNDER THE CONFLICT OF INTEREST POLICY INCLUDES EMPLOYEES, OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AGENTS AND ATTORNEYS OF THE SF FIRE CREDIT UNION ARE HEREIN REFERRED TO AS "OFFICIALS" FOR THE PURPOSE OF THE CODE OF CONDUCT POLICY. THE EMPLOYEE HANDBOOK STATES EMPLOYEES ARE EXPECTED TO NOTIFY THE CREDIT UNION IF A CONFLICT OF INTEREST EXISTS AND AN EMPLOYEE MAY BE DISMISSED UNDER CERTAIN CIRCUMSTANCES SURROUNDING A CONFLICT OF INTEREST. THE EMPLOYEE HANDBOOK IS REVIEWED BY EMPLOYEES ANNUALLY AND ACKNOWLEDGED. HUMAN RESOURCES OBTAINS THE ANNUAL ACKNOWLEDGMENT. THE BOARD ANNUAL POLICY ADDRESSES THIS FOR BOARD MEMBERS AND EACH BOARD MEMBER IS TO ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AS WELL. THE BOARD OF DIRECTORS REGULATES THE ETHICAL AS WELL AS MORAL CONDUCT OF THIS CREDIT UNION'S OFFICIALS AS THAT CONDUCT RELATES TO ANY BUSINESS OR TRANSACTION OF THE CREDIT UNION. IN THE EVENT THERE IS ANY QUESTION AS TO THE PROPRIETY OF ANY ACTION OR CONDUCT BY A CREDIT UNION OFFICIAL, THAT OFFICIAL SHALL HAVE THE DUTY TO REPORT SUCH ACTIVITY TO THE BOARD, OR INQUIRE WHETHER SUCH ACTIVITY IS PERMISSIBLE. EACH CREDIT UNION OFFICIAL HAS A DUTY TO NOTIFY AND INQUIRE OF THE BOARD OF DIRECTORS IN WRITING UNDER SUCH CIRCUMSTANCES. MINISTERIAL MATTERS MAY BE VERBALLY ADDRESSED TO THE PRESIDENT/CEO OF THE CREDIT UNION, UNLESS OTHERWISE DIRECTED TO BE IN WRITING. THE PRESIDENT/CEO OR HIS/HER DESIGNEE MAINTAINS ACCURATE FILES AND RECORDS OF ALL REPORTS AND DISCLOSURES REQUIRED BY THIS CODE OF CONDUCT. IN ADDITION, THE PRESIDENT/CEO IS RESPONSIBLE FOR MAINTAINING COMPLIANCE WITH THIS CODE. SHOULD THERE BE A CONFLICT, THE PERSON(S) WILL BE EXCLUDED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY MEMBERS OF THE BOARD OF DIRECTORS THROUGH REVIEW OF COMPENSATION SURVEYS AND OTHER APPLICABLE DATA SPECIFIC TO CREDIT UNIONS. EMPLOYMENT CONTRACTS AND COMPENSATION REVIEW AND APPROVAL PROCESS ARE DOCUMENTED IN HUMAN RESOURCES IN THE EMPLOYEE'S PERSONNEL FILES. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AND IS BASED ON APPLICABLE COMPENSATION SURVEYS AND MARKET DATA. EMPLOYMENT CONTRACTS AND COMPENSATION REVIEW AND APPROVAL PROCESS ARE DOCUMENTED IN HUMAN RESOURCES IN THE EMPLOYEE'S PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CREDIT FOR LOAN LOSSES 1,489,413.