2022-11-10T10:05:46-06:00 2021-12-31 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2021-01-01 951184903 SAN DIEGO COUNTY CREDIT UNION SAND 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 TERESA CAMPBELL CEO 8777322848 2022-11-08 1 TERESA CAMPBELL 999009999 YONG ZHANG CPA P01249785 7033366400 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TERESA CAMPBELL 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 305241036 0 X WWW.SDCCU.COM X 1938 CA STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS 11 10 903 14 2347531 0 0 0 275746126 235995920 26568189 43679608 9501384 25565508 311815699 305241036 0 0 0 0 89723598 86481091 0 0 0 150578887 118316094 240302485 204797185 71513214 100443851 9693856295 10817931463 8221414142 9245046090 1472442153 1572885373 A NOT-FOR-PROFIT CREDIT UNION WHOLLY OWNED BY ITS MEMBERS 0 0 PROVIDE LOAN PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE DEPOSIT PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE OTHER FINANCIAL SERVICES TO MEMBERSHIP 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 64832 0 1 903 1 1 1 0 0 0 0 0 1 0 X 11 10 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 CA AZ X AARON SATO CFO 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 ILAN AWERBUCH DIRECTOR 1.00 X 0 0 0 HEATHER BENJAMIN DIRECTOR 1.00 X 0 0 0 RICHARD COLLINS DIRECTOR 1.00 X 0 0 0 ALFIE GONZAGA DIRECTOR 1.00 X 0 0 0 CHRISTOPHER HART DIRECTOR 1.00 X 0 0 0 PATRICIA HONEYCUTT DIRECTOR 1.00 X 0 0 0 SHIRLEY JACKSON DIRECTOR 1.00 X 0 0 0 LAURIE LEVENSON DIRECTOR 1.00 X 0 0 0 STEVE REUEL DIRECTOR 1.00 X 0 0 0 KEN VAN RIPER DIRECTOR 1.00 X 0 0 0 TERESA CAMPBELL CEO & PRESIDENT 60.00 X X 9573486 0 2224470 ASHLEE N SCOTT EXECUTIVE VP & CFO 60.00 X 613049 0 640186 MICHELLE PAGNI EXECUTIVE VICE PRESIDENT, HUMAN RESOURCES 60.00 X 897224 0 587589 MICHAEL TAYLOR BRADSHAW EVP, REAL ESTATE LENDING 60.00 X 717842 0 40472 CAROLYN KISSICK EVP, ERM & CHIEF RISK OFFICER 60.00 X 620823 0 555833 NATHAN S SCHMIDT EVP, CXO AND DIGITAL CHANNELS 60.00 X 584981 0 424026 DENNIS W KINGERY EVP, OPERATIONS & CHIEF SALES & SERVICE OFFIC 60.00 X 450215 0 39491 RYAN SCOTT LITTLE EXECUTIVE VICE PRESIDENT, CONSUMER LENDING 60.00 X 315966 0 4377 VALERIE L KWIATKOWSKI 110521 EVP, INFORMATION TECHNOLOGY 60.00 X 387935 0 22218 CARLOS MANUEL ZUNIGA 070621 EXECUTIVE VICE PRESIDENT, CONSUMER LENDING 60.00 X 348107 0 15318 MARC A MATHEWS VICE PRESIDENT, BUSINESS LOAN ORIGINATIONS 40.00 X 371314 0 82646 DONALD TAYLOR JARRETT SENIOR VICE PRESIDENT, REAL ESTATE 40.00 X 365568 0 39438 SCOTT L MAXWELL SENIOR VICE PRESIDENT, CHIEF IT SECURITY OFR 60.00 X 337129 0 37980 BRADLEY W BATES SENIOR VICE PRESIDENT, INTERNAL AUDIT 40.00 X 326808 0 27865 MICHAEL WAYNE CORPUZ SENIOR VICE PRESIDENT, BUSINESS LENDING 40.00 X 293003 0 21253 16203450 0 4763162 169 0 1 0 SHEPPARD MULLIN RICHTER & HAMPTON LLP 333 SOUTH HOPE ST 43RD FLR LOS ANGELES CA 90071 LEGAL SERVICES 4285006 TRUHOME SOLUTIONS LLC 9601 LEGLER ROAD LENEXA KS 66219 REAL ESTATE SERVICES 3394673 LRES CORPORATION 765 THE CITY DRIVE SOUTH ORANGE CA 92868 REAL ESTATE SERVICES 1953862 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 1102293 LOOMIS PO BOX 120757 DALLAS TX 75312 CASH HANDLING SERVICES 1023386 48 INTEREST INCOME 522100 167349402 167349402 FEE INCOME 522100 68646518 68211140 435378 235995920 43638267 43638267 41341 0 41341 41341 41341 REVERSAL OF PROVISION 522100 14550000 14550000 OTHER INCOME 522100 6849397 4937244 1912153 MEMBER INVESTMENT SERV 522100 4166111 4166111 25565508 305241036 259213897 2347531 43679608 19063608 53693533 3787608 2181487 7754855 4554422 967786 3995039 10586226 4766933 10076892 18790341 426256 21669999 7604466 855075 LOAN PROCESSING EXPENSE 15720535 OTHER OPERATING EXPENSE 11160819 FRAUD LOSS 1962335 RECRUITING 897083 4281887 204797185 1209180707 675540956 5307807021 5083635102 8035832 7843193 151904693 115455975 40974409 36448718 2878844764 4778795983 249013562 235667511 9693856295 10817931463 52679526 55727654 8168734616 9189318436 8221414142 9245046090 X 0 0 0 0 1472442153 1572885373 1472442153 1572885373 9693856295 10817931463 100443851 -631 0 X 0 1 X 1 0 12500 12500 12500 1 CALIFORNIA CREDIT UNION LEAGUE 2855 E GUASTI RD STE 600 ONTARIO CA 91761 940357265 10000 SAN DIEGO CREDIT UNION PAC 9201 SPECTRUM CENTER BLVD SAN DIEGO CA 92123 743032876 2500 PART I-A, LINE 1: SDCCU HAD A $10,000 POLITICAL ACTION COMMITTEE CONTRIBUTION TO THE CALIFORNIA CREDIT UNION LEAGUE IN DECEMBER 2021. IN ADDITION, SDCCU HAD A $2,500 POLITICAL ACTION COMMITTEE CONTRIBUTION TO THE SAN DIEGO CREDIT UNION PAC IN DECEMBER 2021. 12020901 12020901 39288403 26116895 13171508 21271578 18472677 2798901 79323811 70866403 8457408 36448718 GOVERNMENT INVESTMENTS 49715 F GOVERNMENT INVESTMENTS 4761496268 C FHLB OF SAN FRANCISCO 17250000 F 4778795983 MEMBERS' SHARES 9189318436 9189318436 X 305240405 -631 -631 305241036 0 305241036 204797185 0 204797185 0 204797185 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 TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES, EXCEPT FOR UNRELATED BUSINESS INCOME, AS DEFINED IN IRC SECTION 512 AND IN TECHNICAL ADVICE MEMORANDUMS (TAM) RELEASED IN 2007 TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. MANAGEMENT HAS DETERMINED THAT NO MATERIAL LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. FASB CODIFICATION 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 TO BE 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 THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X X X 0 1 0 TERESA CAMPBELL CEO & PRESIDENT 1248933 0 1501200 0 6823353 0 2205285 0 19185 0 11797956 0 0 0 ASHLEE N SCOTT EXECUTIVE VP & CFO 443049 0 170000 0 0 0 622163 0 18023 0 1253235 0 0 0 MICHELLE PAGNI EXECUTIVE VICE PRESIDENT, HUMAN RESO 395817 0 150000 0 351407 0 582616 0 4973 0 1484813 0 0 0 MICHAEL TAYLOR BRADSHAW EVP, REAL ESTATE LENDING 392842 0 325000 0 0 0 11600 0 28872 0 758314 0 0 0 CAROLYN KISSICK EVP, ERM & CHIEF RISK OFFICER 420823 0 200000 0 0 0 545776 0 10057 0 1176656 0 0 0 NATHAN S SCHMIDT EVP, CXO AND DIGITAL CHANNELS 379581 0 200000 0 5400 0 414790 0 9236 0 1009007 0 0 0 DENNIS W KINGERY EVP, OPERATIONS & CHIEF SALES & SERV 330215 0 120000 0 0 0 11600 0 27891 0 489706 0 0 0 RYAN SCOTT LITTLE EXECUTIVE VICE PRESIDENT, CONSUMER L 94655 0 215000 0 6311 0 585 0 3792 0 320343 0 0 0 VALERIE L KWIATKOWSKI 110521 EVP, INFORMATION TECHNOLOGY 387935 0 0 0 0 0 11357 0 10861 0 410153 0 0 0 CARLOS MANUEL ZUNIGA 070621 EXECUTIVE VICE PRESIDENT, CONSUMER L 171184 0 150000 0 26923 0 7846 0 7472 0 363425 0 0 0 MARC A MATHEWS VICE PRESIDENT, BUSINESS LOAN ORIGIN 116259 0 2300 0 252755 0 57791 0 24855 0 453960 0 0 0 DONALD TAYLOR JARRETT SENIOR VICE PRESIDENT, REAL ESTATE 290568 0 75000 0 0 0 10673 0 28765 0 405006 0 0 0 SCOTT L MAXWELL SENIOR VICE PRESIDENT, CHIEF IT SECU 262129 0 75000 0 0 0 11502 0 26478 0 375109 0 0 0 BRADLEY W BATES SENIOR VICE PRESIDENT, INTERNAL AUDI 276808 0 50000 0 0 0 11390 0 16475 0 354673 0 0 0 MICHAEL WAYNE CORPUZ SENIOR VICE PRESIDENT, BUSINESS LEND 263003 0 30000 0 0 0 11368 0 9885 0 314256 0 0 0 PART I, LINE 4B SDCCU PROVIDES CERTAIN OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHLY COMPENSATED EXECUTIVES WITH A SPLIT-DOLLAR SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) TO AUGMENT RETIREMENT INCOME FOR THESE EMPLOYEES. AMOUNTS CREDITED TO PARTICIPANTS ARE EARNED ON AN ANNUAL BASIS AND BASED ON CERTAIN ACTUARIAL FACTORS. THE AMOUNTS ARE ALSO SUBJECT TO FORFEITURE IF CERTAIN EMPLOYMENT CONDITIONS AND VESTING PERIODS ARE NOT MET. FOR THE YEAR ENDING DECEMBER 31, 2021, THE INDIVIDUALS LISTED IN SCHEDULE J, PART II HAD AN AMOUNT RELATING TO THE SERP BENEFITS LISTED AS DEFERRED COMPENSATION LISTED IN COLUMN C: TERESA CAMPBELL - $2,193,685 ASHLEE N. SCOTT - $610,563 CAROLYN KISSICK - $534,176 NATHAN S. SCHMIDT - $404,482 MICHELLE PAGNI - $571,016 MARC A MATHEWS - $46,191 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A NOT-FOR-PROFIT ORGANIZATION MADE UP OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RIGHT TO VOTE IN THE ELECTION OF VOLUNTEERS SERVING IN BOARD MEMBER POSITIONS, WHICH HAVE STAGGERED TERMS. PURSUANT TO THE BYLAWS, SUCH VOLUNTEERS ARE ELECTED BY THE CREDIT UNION'S MEMBERS AT THE ANNUAL MEETING HELD EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MADE BY THE CREDIT UNION'S BOARD OF DIRECTORS ARE SUBJECT TO REGULATORY OR MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER ("CFO") AND ACCOUNTING MANAGER, WHO CONSULT WITH EXTERNAL CPA FIRMS AND LEGAL COUNSEL AS NEEDED TO ENSURE THE ACCURACY AND SUFFICIENCY OF ALL RESPONSES. FORM 990, PART VI, SECTION B, LINE 12C THERE ARE REGULAR COMPLIANCE REVIEWS BY THE CREDIT UNION'S COMPLIANCE OFFICER AND A THIRD (3RD) PARTY VENDOR WHICH ADDRESSES COMPLIANCE WITH ALL CREDIT UNION POLICIES. IN ADDITION, REGULATORS AND CPA'S MONITOR COMPLIANCE DURING THEIR PERIODIC AND ANNUAL AUDITS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ANNUALLY OBTAINS AN INDEPENDENT PROFESSIONAL ASSESSMENT OF MARKET COMPENSATION FOR THE PRESIDENT/CEO. AN INDEPENDENT PROFESSIONAL ASSESSMENT OF MARKET COMPENSATION IS ALSO OBTAINED FOR OTHER EXECUTIVE TEAM MEMBERS (EVPS), AS WELL AS THE SVP/ DIRECTOR OF INTERNAL AUDIT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY COMPLYING WITH THE PUBLIC DISCLOSURE REQUIREMENTS SET FORTH IN THE REGULATIONS FOR IRC SECTION 6104 AT 26 C.F.R. SECTION 301.604 FRESH START REAL ESTATE LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452981200 REAL ESTATE CA 1024 541102 SAN DIEGO COUNTY CREDIT UNION SD FINANCIAL GROUP LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452980994 E-COMMERCE - INACTIVE CA 0 0 SAN DIEGO COUNTY CREDIT UNION