2022-11-09T17:10:21-06:00 2021-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2021-01-01 941031345 EDUCATIONAL EMPLOYEES CREDIT UNION EDUC 5594377731 2222 WEST SHAW AVENUE FRESNO CA 93711 ELIZABETH DOOLEY PRESIDENT/CEO 5594377731 2022-10-25 1 ELIZABETH DOOLEY 999009999 VALENTINO CREUS CPA P01054153 8189549700 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ELIZABETH DOOLEY 2222 WEST SHAW AVENUE FRESNO CA 93711 140089171 0 X WWW.MYEECU.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 626 15 2074571 596194 0 0 107824857 115217555 27260325 24816247 0 0 135085182 140033802 862286 581000 0 0 43247652 42985408 0 0 0 67840200 67232459 111950138 110798867 23135044 29234935 4082351869 4681848243 3596797057 4204117076 485554812 477731167 X EDUCATIONAL EMPLOYEES 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, EDUCATIONAL EMPLOYEES 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. 0 0 ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH CONSUMER LOANS FROM A BROAD ARRAY OF PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, CREDIT CARDS AND PERSONAL LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING A HIGH-YIELD CHECKING ACCOUNT PRODUCT AND A PREMIUM-RATE TIERED SAVINGS PRODUCT. 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 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 87403 0 1 626 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ELENA MARTIN CONTROLLER 5594377733 2222 WEST SHAW AVENUE FRESNO CA 93711 WALTER FRANZELL CHAIRPERSON 4.00 X 159 0 0 ALI NEKUMANESH VICE-CHAIRPERSON 4.00 X 159 0 0 RICK BROWNING TREASURER 2.00 X 159 0 0 CLEO BAUER SECRETARY 2.00 X 159 0 0 LISA CUTTS BOARD MEMBER 2.00 X 159 0 0 DAVE ROBERTS BOARD MEMBER 2.00 X 159 0 0 DEREK SCHARTON BOARD MEMBER 2.00 X 159 0 0 MIKE SNELL BOARD MEMBER 2.00 X 159 0 0 BARBARA THOMAS BOARD MEMBER 2.00 X 159 0 0 PAUL HOKOKIAN BOARD MEMBER (EMERITUS) 2.00 X 159 0 0 PHILIP NEUFELD SUPV CMTE CHAIR 2.00 X 159 0 0 BRAD STEVENS SUPV CMTE SECRETARY 2.00 X 159 0 0 THOMAS BORCHARDT SUPV CMTE MEMBER 2.00 X 146 0 0 WILLIAM CLARK SUPV CMTE MEMBER 2.00 X 159 0 0 KATHRYN ORTEGA-JONES SUPV CMTE MEMBER 2.00 X 80 0 0 ELIZABETH DOOLEY CEO 60.00 X 849900 0 462814 BEVERLY RYAN CFO 50.00 X 400267 0 37660 MARK PEREZ CLO 50.00 X 388206 0 73576 DENDA MATTHEWS COO 50.00 X 385054 0 50403 BRADLEY TOWERS FINANCIAL REP 40.00 X 387419 0 29976 THOMAS GRAY SVP HR & FACILITIES 50.00 X 346454 0 55187 DICK ASHJIAN SVP RISK MGMT 50.00 X 345556 0 48337 JULIE MATTERN SVP BRANCHES 50.00 X 265017 0 46051 ELENA MARTIN CONTROLLER 50.00 X 231224 0 35272 3601390 0 839276 58 0 1 0 NCR CORPORATION 14181 COLLECTIONS CENTER DR CHICAGO IL 60693 ONLINE BANKING SERVICES 4941094 DIEBOLD INC P O BOX 643543 PITTSBURGH PA 152643543 ATM PURCHASING AND SERVICING 2458971 JEFFREY SCOTT AGENCY 1544 FULTON STREET FRESNO CA 93721 ADVERTISING 1970997 DATA STATEMENT INC MISSING MISSING CA 93721 STATEMENT PRODUCTION AND MAILING 1437751 GEIL ENTERPRISES INC 1945 N HELM AVE 102 FRESNO CA 93740 SECURITY GUARDS 1035137 32 INTEREST ON LOANS 522100 61031425 61031425 OTHER OPERATING INCOME 522100 40438223 39053895 1384328 FEE INCOME 522100 13747907 13057664 690243 115217555 24849613 24849613 22003 55369 -33366 -33366 -33366 140033802 137959231 2074571 0 461000 120000 3601390 26255370 2462818 8230108 2435722 108956 579480 9055432 4127301 11222959 1611732 3440538 257580 12628649 3863014 487320 LOAN SERVICING EXPENSE 17042866 MISC OPERATING EXPENSE 1541913 PROV. FOR LOAN LOSSES 1264719 110798867 51224551 55689930 1019191315 915041406 884829 271580 10403493 12066186 68297932 45817268 19898436 22480664 1245193688 1998989610 1609007816 1603046836 126547741 74262031 4082351869 4681848243 42676830 31846434 3554120227 4172270642 3596797057 4204117076 X 0 0 0 0 485554812 477731167 485554812 477731167 4082351869 4681848243 X 29234935 -44196392 7137812 X X 0 1 X 1 0 5000 5000 5000 1 CCUL - PAC 2855 E GUASTI ROAD ONTARIO CA 91761 940357265 5000 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 7167970 7167970 16769486 7050689 9718797 15452166 13621890 1830276 28908310 25144689 3763621 22480664 LOANS AND LEASES 1564429126 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 38617710 C 1603046836 TOTAL SHARES AND DEPOSITS 4172270642 4172270642 X PART X, LINE 2: FASB ASC TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED, AND PRESENTED IN THE CONSOLIDATED 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 NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 BIG FRESNO FAIR 1121 S CHANCE AVE FRESNO CA 93702 946001554 25000 0 FMV TO SHOWCASE AGRICULTURE, PROVIDING A LINK BETWEEN URBAN AND RURAL CALIFORNIA. CENTRAL CALIFORNIA HISPANIC CHAMBER OF COMMERCE 1535 E OLIVE AVE 103 FRESNO CA 93728 770064248 501(C)(6) 15000 0 FMV TO PROMOTE AND DEVELOP HISPANIC OWNED BUSINESSES IN THE CENTRAL CALIFORNIA COMMUNITY. CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 11000 0 FMV TO SAVE KIDS' LIVES BY RAISING FUNDS AND AWARENESS FOR CHILDREN'S HOSPITALS ACROSS NORTH AMERICA. COMMUNITY HOSPITALS OF CENTRAL CALIFORNIA 1560 E SHAW AVE FRESNO CA 93710 770191730 501(C)(3) 12500 0 FMV TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY AND PROMOTE MEDICAL EDUCATION. DELTA SIGMA THETA SORORITY PO BOX 11214 FRESNO CA 93772 770329760 501(C)(3) 10000 0 FMV TO SUPPORT RECOGNITION PROGRAM AND AFRICAN AMERICAN HIGH SCHOOL SCHOLARSHIP. FOUNDATION FOR CLOVIS SCHOOLS 1450 HERNDON AVENUE CLOVIS CA 93611 770140576 501(C)(3) 10000 0 FMV TO SUPPORT PROGRAMS OF CLOVIS SCHOOLS. FRESNO CITY & COUNTY HISTORICAL SOCIETY 7160 W KEARNEY AVE FRESNO CA 93706 941531568 501(C)(3) 10000 0 FMV TO SUPPORT THE PROMOTION OF FRESNO'S HISTORY. FRESNO COUNTY OFFICE OF EDUCATION 1111 VAN NESS AVE FRESNO CA 93721 946002210 33000 0 FMV TO SUPPORT FOR FRESNO EDUCATOR OF THE YEAR. FRESNO DEPUTY SHERIFFS ASSOCIATION 1360 VAN NESS AVE FRESNO CA 93721 237377560 501(C)(5) 7500 0 FMV TO PROVIDE SERVICES FOR ITS MEMBERS SUCH AS GROUP HEALTH, DISABILITY AND LIFE INSURANCE, LEGAL DEFENSE AND NEGOTIATIONS. FRESNO UNIFIED SCHOOL DISTRICT 2309 TULARE STREET FRESNO CA 93721 946002206 10000 0 FMV TO SUPPORT THE IMPROVEMENT OF STUDENT ACHIEVEMENT FRESNO GRIZZLIES 1800 TULARE STREET FRESNO CA 93721 364577270 19000 0 FMV TO PROVIDE 2021 SPONSORSHIP. FRESNO HOUSING EDUCATION CORP 1331 FULTON MALL FRESNO CA 93721 731646764 501(C)(3) 10000 0 FMV TO ASSIST FAMILIES SEEKING ECONOMIC SELF-SUFFICIENCY BY PROVIDING ACCESS TO APPROPRIATE INFORMATION, KNOWLEDGE AND RESOURCES. FRESNO STATE FOUNDATION 4910 N CHESTNUT AVE FRESNO CA 93726 946003272 501(C)(3) 15000 0 FMV TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF CSU FRESNO. HABITAT FOR HUMANITY 4491 E MC KINLEY FRESNO CA 93727 770076649 501(C)(3) 10000 0 FMV TO ELIMINATE SUBSTANDARD HOUSING AND HOMELESSNESS WORLDWIDE TO MAKE ADEQUATE, AFFORDABLE SHELTER A MATTER OF CONSCIENCE AND ACTION. MARJAREE MASOR CENTER 1600 M STREET FRESNO CA 93721 941156639 501(C)(3) 10000 0 FMV TO SUPPORT AND EMPOWER ADULTS AND THEIR CHILDREN AFFECTED BY DOMESTIC VIOLENCE. PASO ROBLES CHAMBER OF COMMERCE 1225 PARK STREET PASO ROBLES CA 93446 951509178 501(C)(6) 10000 0 FMV TO PROMOTE TOURISM AND OTHER BUSINESS THROUGHOUT THE PASO ROBLES COMMUNITY. THE SALVATION ARMY 615 SLATERS LANE ALEXANDRIA VA 22314 222406433 501(C)(3) 12500 0 FMV TO PREACH THE GOSPEL OF JESUS CHRIST AND TO MEET HUMAN NEEDS IN HIS NAME WITHOUT DISCRIMINATION. SAN JOAQUIN RIVER PARKWAY 11605 OLD FRIANT ROAD FRESNO CA 93730 770196692 501(C)(3) 7500 0 FMV TO PRESERVE AND RESTORE SAN JOAQUIN RIVER LANDS HAVING ECOLOGICAL, SCENIC OR HISTORIC SIGNIFICANCE. SAN JOAQUIN VALLEY TOWN HALL 820 E FAIRMONT FRESNO CA 93704 941210921 501(C)(3) 10000 0 FMV TO BRING NATIONALLY AND INTERNATIONALLY RENOWNED, THOUGHT-PROVOKING SPEAKERS WHO INFORM AND EDUCATE TO THE SAN JOAQUIN VALLEY. THE FOUNDATION FCOE 1111 VAN NESS AVE3RD FLOOR FRESNO CA 93721 800381096 501(C)(3) 78000 0 FMV TO SUPPORT THE STUDENTS OR FRESNO COUNTY WITH EXEMPLARY EDUCATIONAL PROGRAMS AND SERVICES THROUGH A SHARED COMMUNITY RESPONSIBILITY. VALLEY PBS 1544 VAN NESS FRESNO CA 93721 770162617 501(C)(3) 10000 0 FMV TO ENRICH THE DIVERSE COMMUNITIES OF THE SAN JOAQUIN VALLEY OF CALIFORNIA THROUGH THE POWER OF PUBLIC SERVICE MEDIA. VISALIA RAWHIDE BASEBALL CLUB 300 N GIDDINGS ST VISALIA CA 93291 954026458 10000 0 FMV TO PROVIDE SPONSORSHIP TO 2021 RAWHIDE READERS PROGRAM. WEST HILLS COMMUNITY COLLEGE FOUNDATION 275 PHELPS AVE COALINGA CA 93210 770186793 501(C)(3) 20000 0 FMV TO ENGAGE RESIDENTS, CORPORATIONS, FOUNDATIONS AND COMMUNITIES OF SJV IN FINANCIAL SUPPORT AND ADVOCACY FOR THE WEST HILLS COMMUNITY COLLEGE DISTRICT. WINGS ADVOCACY FRESNO 1099 E CHAMPLAIN DRIVE A80 FRESNO CA 93720 811384087 501(C)(3) 10000 0 FMV TO PROVIDE CHARITABLE ASSISTANCE TO HOMELESS INDIVIDUALS, FAMILIES AND VETERANS IN AND AROUND FRESNO, CA. 16 8 EDUCATIONAL GRANTS 60 120000 FMV SCHEDULE I, PART 1, LINE 2 ALL RECIPIENTS MUST APPLY FOR THE SCHOLARSHIPS. ONCE AWARDED, STUDENTS MUST PROVIDE PROOF OF ENROLLMENT BEFORE GRANT FUNDS ARE PAID. X 1 1 X X X X 0 1 0 ELIZABETH DOOLEY CEO 751926 0 93126 0 4848 0 428958 0 33856 0 1312714 0 0 0 BEVERLY RYAN CFO 389524 0 10000 0 743 0 36900 0 760 0 437927 0 0 0 MARK PEREZ CLO 377463 0 10000 0 743 0 36900 0 36676 0 461782 0 0 0 DENDA MATTHEWS COO 373669 0 10000 0 1385 0 36900 0 13503 0 435457 0 0 0 BRADLEY TOWERS FINANCIAL REP 53897 0 332902 0 620 0 17400 0 12576 0 417395 0 0 0 THOMAS GRAY SVP HR & FACILITIES 335711 0 10000 0 743 0 36900 0 18287 0 401641 0 0 0 DICK ASHJIAN SVP RISK MGMT 334813 0 10000 0 743 0 36900 0 11437 0 393893 0 0 0 JULIE MATTERN SVP BRANCHES 254274 0 10000 0 743 0 34425 0 11626 0 311068 0 0 0 ELENA MARTIN CONTROLLER 220481 0 10000 0 743 0 14360 0 20912 0 266496 0 0 0 PART I, LINE 4B THE CREDIT UNION OFFERS A 457B RETIREMENT PLAN THAT ALLOWS EXECUTIVES TO DEFER A SPECIFIED AMOUNT OF THEIR PRE-TAX INCOME FOR INVESTMENT. EMPLOYEES MAY MAKE DISCRETIONARY CONTRIBUTIONS TO THE PLAN BUT ARE NOT REQUIRED. EMPLOYEES ARE 100% VESTED AT THE TIME OF CONTRIBUTION. THE 457B FUNDS ARE INVESTED IN MUTUAL FUNDS AND OTHER INVESTMENT OPTIONS ALSO OFFERED IN THE CREDIT UNION'S 401K PLAN. CURRENTLY, THE FOLLOWING EXECUTIVES ARE ACTIVELY PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. IN 2021, $19,500 HAS BEEN CONTRIBUTED TO THE FOLLOWING EMPLOYEES PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. THE CREDIT UNION ALSO OFFERS A 457F WHICH IS FUNDED SOLELY BY A LIFE INSURANCE POLICY OWNED BY THE CREDIT UNION. CURRENTLY, ELIZABETH DOOLEY IS THE ONLY PARTICIPANT. INFORMATION OF THE LIFE INSURANCE IS BEING REPORTED ON FORM 8925. MARK PEREZ OFFICER PLATINUM VISA X 35000 2474 0 1 1 BEVERLY RYAN OFFICER PLATINUM VISA X 35000 1306 0 1 1 THOMAS GRAY HCE PLATINUM VISA X 32500 559 0 1 1 ELIZABETH DOOLEY OFFICER PLATINUM VISA X 35000 4803 0 1 1 ELENA MARTIN HCE PLATINUM VISA X 35000 2408 0 1 1 THOMAS GRAY HCE 1ST T/D - VAC HOME X 330000 260030 0 1 1 271580 ARIANA MARTIN DEPENDENT OF HCE 2000 EDUCATION FORM 990, PART VI, SECTION A, LINE 6 EDUCATIONAL EMPLOYEES 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. EDUCATIONAL EMPLOYEES CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF THE 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 THE RETURN IS REVIEWED BY THE CONTROLLER, CFO AND CEO. ADDITIONALLY THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND EMPLOYEES MUST ANNUALLY ATTEND A CODE OF CONDUCT TRAINING PRESENTATION WHICH INCLUDES CONFLICT OF INTEREST PROVISIONS. THEIR REQUIRED ATTENDANCE IS EVIDENCED THROUGH A SIGNED ACKNOWLEDGEMENT. IN ADDITION, ALL PROSPECTIVE DIRECTORS SIGN AN ADDITIONAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HIRES AN INDEPENDENT OUTSIDE FIRM THAT SPECIALIZES IN THIS AREA FOR BOTH THE ANNUAL REVIEW AND SALARY STRUCTURE FOR THE CEO. IN ADDITION THE CREDIT UNION USES THE RESULTS OF SEVERAL SURVEYS IN SETTING THE CEO'S COMPENSATION. FOR THE SVP'S AND ALL OTHER KEY EMPLOYEES SURVEYS ARE CONSULTED WHICH SUPPORT SALARY LEVELS AND DUTIES. ALL EMPLOYEES RECEIVE ANNUAL REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN GOVERNING DOCUMENTS AND POLICIES MAY BE MADE AVAILABLE BY WRITTEN REQUEST THROUGH THE CREDIT UNION'S BOARD APPROVED RECORDS INSPECTION POLICY. FINANCIAL STATEMENTS ARE POSTED AND AVAILABLE TO THE PUBLIC AT EACH CREDIT UNION BRANCH OFFICE ON A MONTHLY BASIS. IN ADDITION, AN ANNUAL REPORT IS MADE AVAILABLE AT THE CREDIT UNION'S ANNUAL MEETING OF MEMBERS. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 7,137,812. ROUNDING FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. EDUCATORS FINANCIAL & INSURANCE SERVICES 2222 W SHAW AVENUE FRESNO CA 93711 770244291 DORMANT CORPORATION NOT CURRENTLY CONDUCTING BUSINESS CA EDUCATIONAL EMPLOYEES CREDIT UNION C 5000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0