2021-10-29T16:43:17-05:00 2020-12-31 135565207 KPMG LLP 500 CAPITOL MALL SUITE 2100 SACRAMENTO CA 95814 990 2020-01-01 940362025 THE GOLDEN 1 CREDIT UNION GOLD 9167322900 8945 CAL CENTER DRIVE SACRAMENTO CA 95826 ALLYSON HILL SVP-CFO 9167322900 2021-10-28 1 ALLYSON HILL 999009999 P00231474 9164484700 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DONNA A BLAND 8945 CAL CENTER DRIVE SACRAMENTO CA 95826 1073167645 0 X WWW.GOLDEN1.COM X 1933 CA THE GOLDEN 1 CREDIT UNION DELIVERS FINANCIAL SOLUTIONS WITH VALUE, CONVENIENCE, AND EXCEPTIONAL SERVICE. 11 10 2366 15 8790796 383752 0 0 353501067 353556280 73504034 81241046 105325102 94219697 532330203 529017023 0 0 0 0 148795421 172519540 0 0 0 285014557 288721675 433809978 461241215 98520225 67775808 12993881498 16310412697 11476584280 14674627981 1517297218 1635784716 X THE GOLDEN 1 CREDIT UNION DELIVERS FINANCIAL SOLUTIONS WITH VALUE, CONVENIENCE, AND EXCEPTIONAL SERVICE TO OUR MEMBERS. THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN CREDIT UNION BUSINESS AND ANY OTHER LAWFUL ACTIVITIES WHICH ARE NOT PROHIBITED TO A CREDIT UNION BY APPLICABLE LAWS OR REGULATIONS. 0 0 GOLDEN 1 OFFERS AN ARRAY OF DEPOSIT PRODUCTS TO OUR MEMBERSHIP, INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRAS AND CERTIFICATES. WHILE EARNING COMPETITIVE DIVIDEND RATES, OUR MEMBERSHIP CAN ACCESS THEIR DEPOSITS THROUGH OUR BRANCH NETWORK, VIA AN ATM, ONLINE OR BY CALLING OUR MEMBER SERVICE CONTACT CENTER. GOLDEN 1 OFFERS AN ARRAY OF COMPETITIVE LOAN OPTIONS TO OUR MEMBERSHIP, INCLUDING NEW AND USED AUTO, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD AND PERSONAL LOANS. GOLDEN 1 STRIVES TO MAINTAIN COMPETITIVE PRICING AND A VARIETY OF LOAN PRODUCTS THAT MEET OUR MEMBER'S BORROWING NEEDS. MEMBERS CAN APPLY FOR LOANS IN A BRANCH, ONLINE, OR AT AN AUTO DEALERSHIP. GOLDEN 1 OFFERS OUR MEMBERS AN ARRAY OF INSURANCE AND INVESTMENT-RELATED PRODUCTS SUCH AS CREDIT LIFE/CREDIT DISABILITY, MECHANICAL BREAKDOWN INSURANCE, GUARANTEED ASSET PROTECTION ANDFINANCIAL CONSULTING. 0 0 1 0 0 0 0 0 0 1 1 0 1 1 1 1 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 204828 0 2366 1 1 1 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ALLYSON HILLSVPCFO 9167322900 8945 CAL CENTER DRIVE SACRAMENTO CA 95826 DONNA BLAND BOARD DIRECTOR AND PRESIDE 60.00 X X 920168 0 20152 PARIS COLEMAN DIRECTOR, CHAIR 5.00 X 0 0 0 JAMES GOMEZ DIRECTOR, VICE CHAIR 5.00 X 0 0 0 KERI L THOMAS DIRECTOR, SECRETARY/TREASURER 5.00 X 0 0 0 KEELEY BOSLER DIRECTOR 5.00 X 0 0 0 P CRAIG CORNETT DIRECTOR 5.00 X 0 0 0 TING LAN SUN DIRECTOR 5.00 X 0 0 0 CASSANDRA JENNINGS DIRECTOR 5.00 X 0 0 0 SAMANTHA LUI DIRECTOR 5.00 X 0 0 0 AEISHA MASTAGNI DIRECTOR 5.00 X 0 0 0 CRAIG BROWN DIRECTOR 5.00 X 0 0 0 TOMMY GENESSY EVP/SERVICE OPS, SECURITY, 60.00 X 487419 0 43095 RICHARD MUSCI EVP/PRODUCTS AND DELIVERY 60.00 X 492162 0 29969 DUSTIN LUTON EVP/FINANCE RISK & ADMINIS 60.00 X 460714 0 42337 GREG BROWN SVP/CHIEF LENDING OFFICER 60.00 X 346730 0 36658 ALLYSON HILL SVP-CFO 60.00 X 369688 0 17400 COURTNEY LINN SVP/GENERAL COUNSEL 60.00 X 362781 0 27548 MICHAEL POPP SVP/CHIEF RETAIL OFFICER 60.00 X 324077 0 47726 KATHY FLYNN SVP- SERVICE OPERATIONS 60.00 X 304163 0 25806 HEATHER ANDRADE-NEUMANN SVP/CHIEF HUMAN RESOURCES 60.00 X 335173 0 17942 DOUGLAS AGUIAR SVP/CHIEF MARKETING OFFICE 60.00 X 285730 0 33664 STEVEN KNIGHTON SVP/HEAD OF BUSINESS SERVICES 60.00 X 181284 0 19452 JASON LEVINGSTON SVP/CHIEF TECHNOLOGY OFFICER 60.00 X 179210 0 16453 REVATI RAO SVP/CONSUMER LENDING 60.00 X 149309 0 21170 CHAD CARRINGTON VP - SECURITY, TECH, INFR 50.00 X 267349 0 28041 RYAN LITTLE VP - CONSUMER LENDING 50.00 X 244458 0 37772 WALTER ANASOVITCH VP - COLL & SUBSVCNG OVERS 50.00 X 220137 0 45972 JOSEPH HARRISON VP - COMPLIANCE OFFICER 50.00 X 227308 0 37519 GRANT SHEAR VP - ACCOUNT SERVICING OPS 50.00 X 216847 0 38740 CAROLYN PENA VP - INFORMATION TECHNOLOG 50.00 X 216613 0 40675 MOLLYANA MALLINSON VP - INTEGRATED SOLUTIONS 50.00 X 217303 0 30320 JOLEEN AYERS VP - ENTERPRISE RISK OFFIC 50.00 X 201948 0 44388 RYAN KELLY VP - AUDIT SERVICES 50.00 X 214671 0 36988 JOHN TENNANT VP - MEMBER SVC CONTACT CT 50.00 X 188287 0 37793 ERICA TAYLOR VP - COMM AND COMMUNITY RL 50.00 X 221952 0 13610 ALPHONSO COSBY VP - REGIONAL BR CHAN DELI 50.00 X 183748 0 34637 KYLE LONG VP - CORPORATE STRATEGY 50.00 X 199422 0 37963 HARPAL SIDHU VP - PAYMENT SERVICING OPERATIONS 50.00 X 253499 0 48251 JENNIFER WARMERDAM-EAKES VP - HOME LOANS 50.00 X 208779 0 36252 SHANNON AVRETT VP - CONTROLLER 50.00 X 195814 0 19525 DAVID NOREN VP - REGIONAL BR CHAN DELIV 50.00 X 185080 0 20421 JOSEPH NIEHAUS VP - FINANCE 50.00 X 184657 0 23766 TERRENCE SHELTON VP - LEARNING & DEVELOPMENT 50.00 X 164386 0 24423 WILLIAM WILLIAMS VP - REGIONAL BR CHAN DELIV 50.00 X 158467 0 35940 WENDY MICEL VP - CONSUMER LENDING 50.00 X 155167 0 9724 JAMIE MYERS HOME LOAN ADVISOR - EXTERNAL 50.00 X 666535 0 23353 JADELL SCHADEWITZ HOME LOAN ADVISOR - EXTERNAL 50.00 X 622885 0 17100 KEVIN CAVANAUGH MGR - EXTERNAL HL PRODUCTION 50.00 X 606360 0 50926 TRACEY STARBACK HOME LOAN ADVISOR - EXTERNAL 50.00 X 566801 0 30633 TERRI BERTRAND HOME LOAN ADVISOR - EXTERNAL 50.00 X 512619 0 29072 MARLEN FOSTER VP - DIGITAL CHANNEL DELIV 50.00 X 202739 0 27748 TODD HAINES VP - HUMAN RESOURCES ADMIN 50.00 X 198112 0 26855 BILLALON RONALD FORMER KEY EMPLOYEE 50.00 X 124911 0 16669 KIZIRIAN KYRA HOME LOAN PLEASANTON - HOME LOAN ADVISOR - EXTERNA 50.00 X 121827 0 13481 FOSTER FRANCES MEMBER CARE ADMIN - SRMGR - MEMBER CARE 50.00 X 119776 0 15809 BUCKE BRIGETTE IT - INFORMATION ADMIN - SRMGR - IT OPERATIONS 50.00 X 110756 0 13664 DAL PORTO JEFFERSON HOME LOAN UNDERWRITING - SR HOME LOAN UNDERWRITER 50.00 X 109214 0 12416 CASON DAVID ARDEN TOWN BRANCH - BRANCH MANAGER III 50.00 X 102794 0 11523 SHEPPARD CHARLES IT - SYSTEMS - HOST SYSTEMS ENGINEER 50.00 X 100143 0 18747 13689972 0 1390088 50 1 1 0 DNA BRAND MECHANICS 1301 FIFTH AVENUE SUITE 2600 SEATTLE WA 98101 ADVERTISING 5135243 SACRAMENTO KINGS 600 J STREET SACRAMENTO CA 95814 ADVERTISING 4575000 EXL SERVICE HOLDINGS INC 320 PARK AVENUE 29TH FLOOR NEW YORK NY 10022 CONTRACTOR 3729668 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 911102374 SECURITY SERVICES 1650639 COLLABERA INC 110 ALLEN ROAD BASKING RIDGE NJ 07920 CONTRACTOR - TEMP HELP 1420275 26 INTEREST INCOME - LOANS 522200 353556280 353556280 353556280 58546668 58546668 398980000 167865000 383608021 160542601 15371979 7322399 22694378 22694378 CHECKING ACCOUNTS FEE INCOME 522100 23112658 23112658 DEBIT CARD INCOME 522100 23067414 23067414 STAR NETWORK FEE INCOME 522100 20555795 20555795 27483830 18693034 8790796 94219697 529017023 520226227 8790796 0 15080060 116079674 12391519 18742424 10225863 833345 577090 7475659 14487758 16344886 16658518 18446962 491950 396133 334792 20108917 682609 DISBURSEMENTS TO MEMBER 64570490 PROVISION FOR LOAN LOSS 62548576 PRODUCT SERVICES 26076820 ATM EXPENSES 20610843 18076327 461241215 105543596 128312167 1312440031 1534478664 16228540 16611457 8559655326 8949753501 211533643 125716325 79607305 85817318 2304379439 4715514318 616027261 879925272 12993881498 16310412697 5959794 4396713 11470624486 14670231268 11476584280 14674627981 X 0 0 0 0 1517297218 1635784716 1517297218 1635784716 12993881498 16310412697 X 67775808 50711690 X 0 1 1 0 14500 14500 14500 1 CA CREDIT UNION 9500 CLEVELAND AVE SUITE 200 RANCHO CUCAMONGA CA 91730 942329967 9500 CALIFORNIA BUILDING INDUSTRY ASSOCIATION PAC 1215 K STREET NO 1200 SACRAMENTO CA 95814 942724168 5000 PART I-A, LINE 1: FORM 990 SCHEDULE C, PART 1-A, LINE 1 THE GOLDEN 1 CREDIT UNION CONTRIBUTED TO THE CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC) AND THE CALIFORNIA BUILDING INDUSTRY ASSOCIATION POLITICAL ACTION COMMITTEE (PAC) DURING 2020. 7947134 7947134 56884251 25202883 31681368 146702258 100513442 46188816 85817318 US GOVERNMENT AGENCY OBL.-AFS 4426639383 F US GOVERNMENT AGENCY OBL.-HTM 238661942 C INVESTMENT SECURITIES, OTHER 50212993 C 4715514318 PAYROLL DEDUCTION/ACH RECEIVABLE 669397664 OTHER ASSETS 210527608 879925272 REGULAR SHARES 4015719885 SHARE DRAFTS AND MM ACCOUNTS 8138672281 TERM SHARE CERTIFICATES 2189411335 OTHER LIABILITIES 176427767 OTHER DEPOSITS 150000000 14670231268 X 531802364 2785341 2785341 529017023 0 529017023 461241215 0 461241215 0 461241215 PART X, LINE 2: IN ACCORDANCE WITH FASB ASC SUBTOPIC 740-10 - INCOME TAXES - OVERALL, THE CREDIT UNION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2020 AND 2019 WAS $ 0 AND $0 RESPECTIVELY, INCLUDING INTEREST AND PENALTIES. AS OF DECEMBER 31, 2020 AND 2019, THE CREDIT UNION HAD ACCRUED $0 AND $0 RESPECTIVELY, FOR THE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS. X 1 1 X X X X 0 1 0 DONNA BLAND BOARD DIRECTOR AND PRESIDE 674515 0 147957 0 97696 0 17100 0 3052 0 940320 0 0 0 JAMIE MYERS HOME LOAN ADVISOR - EXTERNAL 26089 0 627956 0 12490 0 17100 0 6253 0 689888 0 0 0 KEVIN CAVANAUGH MGR - EXTERNAL HL PRODUCTION 33977 0 546739 0 25644 0 17100 0 33826 0 657286 0 0 0 JADELL SCHADEWITZ HOME LOAN ADVISOR - EXTERNAL 17879 0 576936 0 28070 0 17100 0 0 0 639985 0 0 0 TRACEY STARBACK HOME LOAN ADVISOR - EXTERNAL 24497 0 524431 0 17873 0 17100 0 13533 0 597434 0 0 0 TERRI BERTRAND HOME LOAN ADVISOR - EXTERNAL 6787 0 476034 0 29798 0 17100 0 11972 0 541691 0 0 0 TOMMY GENESSY EVP/SERVICE OPS, SECURITY, 337442 0 79780 0 70197 0 17100 0 25995 0 530514 0 0 0 RICHARD MUSCI EVP/PRODUCTS AND DELIVERY 338140 0 79873 0 74149 0 17100 0 12869 0 522131 0 0 0 DUSTIN LUTON EVP/FINANCE RISK & ADMINIS 337654 0 75655 0 47405 0 17100 0 25237 0 503051 0 0 0 COURTNEY LINN SVP/GENERAL COUNSEL 259117 0 55453 0 48211 0 17100 0 10448 0 390329 0 0 0 ALLYSON HILL SVP-CFO 258430 0 54405 0 56853 0 17100 0 300 0 387088 0 0 0 GREG BROWN SVP/CHIEF LENDING OFFICER 266986 0 49157 0 30587 0 17100 0 19558 0 383388 0 0 0 MICHAEL POPP SVP/CHIEF RETAIL OFFICER 251979 0 50352 0 21746 0 17100 0 30626 0 371803 0 0 0 HEATHER ANDRADE-NEUMANN SVP/CHIEF HUMAN RESOURCES 236571 0 51876 0 46726 0 17100 0 842 0 353115 0 0 0 KATHY FLYNN SVP- SERVICE OPERATIONS 242015 0 46289 0 15859 0 17100 0 8706 0 329969 0 0 0 DOUGLAS AGUIAR SVP/CHIEF MARKETING OFFICE 203541 0 38109 0 44080 0 17045 0 16619 0 319394 0 0 0 HARPAL SIDHU VP - PAYMENT SERVICING OPERATIONS 185710 0 34839 0 32950 0 15295 0 32956 0 301750 0 0 0 CHAD CARRINGTON VP - SECURITY, TECH, INFR 189504 0 41703 0 36142 0 15982 0 12059 0 295390 0 0 0 RYAN LITTLE VP - CONSUMER LENDING 197387 0 29551 0 17520 0 14520 0 23252 0 282230 0 0 0 WALTER ANASOVITCH VP - COLL & SUBSVCNG OVERS 161475 0 30987 0 27675 0 13946 0 32026 0 266109 0 0 0 JOSEPH HARRISON VP - COMPLIANCE OFFICER 177089 0 32250 0 17969 0 13761 0 23758 0 264827 0 0 0 CAROLYN PENA VP - INFORMATION TECHNOLOG 171660 0 24902 0 20051 0 13513 0 27162 0 257288 0 0 0 GRANT SHEAR VP - ACCOUNT SERVICING OPS 165672 0 27269 0 23906 0 13368 0 25372 0 255587 0 0 0 RYAN KELLY VP - AUDIT SERVICES 173840 0 29443 0 11388 0 13231 0 23757 0 251659 0 0 0 MOLLYANA MALLINSON VP - INTEGRATED SOLUTIONS 157684 0 28282 0 31337 0 13368 0 16952 0 247623 0 0 0 JOLEEN AYERS VP - ENTERPRISE RISK OFFIC 157013 0 29531 0 15404 0 12902 0 31486 0 246336 0 0 0 JENNIFER WARMERDAM-EAKES VP - HOME LOANS 185257 0 8804 0 14718 0 12656 0 23596 0 245031 0 0 0 KYLE LONG VP - CORPORATE STRATEGY 162346 0 25703 0 11373 0 12433 0 25530 0 237385 0 0 0 ERICA TAYLOR VP - COMM AND COMMUNITY RL 176495 0 27387 0 18070 0 13288 0 322 0 235562 0 0 0 MARLEN FOSTER VP - DIGITAL CHANNEL DELIV 151343 0 32436 0 18960 0 11596 0 16152 0 230487 0 0 0 JOHN TENNANT VP - MEMBER SVC CONTACT CT 138099 0 22908 0 27280 0 11955 0 25838 0 226080 0 0 0 TODD HAINES VP - HUMAN RESOURCES ADMIN 146748 0 28197 0 23167 0 10921 0 15934 0 224967 0 0 0 ALPHONSO COSBY VP - REGIONAL BR CHAN DELI 150270 0 23507 0 9971 0 11341 0 23296 0 218385 0 0 0 SHANNON AVRETT VP - CONTROLLER 173431 0 16166 0 6217 0 11778 0 7747 0 215339 0 0 0 JOSEPH NIEHAUS VP - FINANCE 165222 0 575 0 18860 0 11400 0 12366 0 208423 0 0 0 DAVID NOREN VP - REGIONAL BR CHAN DELIV 120846 0 20791 0 43443 0 11173 0 9248 0 205501 0 0 0 STEVEN KNIGHTON SVP/HEAD OF BUSINESS SERVICES 119138 0 15000 0 47146 0 7969 0 11483 0 200736 0 0 0 JASON LEVINGSTON SVP/CHIEF TECHNOLOGY OFFICER 101505 0 45000 0 32705 0 5786 0 10667 0 195663 0 0 0 WILLIAM WILLIAMS VP - REGIONAL BR CHAN DELIV 152604 0 0 0 5863 0 9981 0 25959 0 194407 0 0 0 TERRENCE SHELTON VP - LEARNING & DEVELOPMENT 150730 0 5989 0 7667 0 9593 0 14830 0 188809 0 0 0 REVATI RAO SVP/CONSUMER LENDING 125296 0 20000 0 4013 0 7592 0 13578 0 170479 0 0 0 WENDY MICEL VP - CONSUMER LENDING 129161 0 6935 0 19071 0 9282 0 442 0 164891 0 0 0 BILLALON RONALD FORMER KEY EMPLOYEE 1534 0 110381 0 12996 0 7328 0 9341 0 141580 0 0 0 FOSTER FRANCES MEMBER CARE ADMIN - SRMGR - MEMBER C 109778 0 6038 0 3960 0 6978 0 8831 0 135585 0 0 0 KIZIRIAN KYRA HOME LOAN PLEASANTON - HOME LOAN ADV 15959 0 93647 0 12221 0 7110 0 6371 0 135308 0 0 0 BUCKE BRIGETTE IT - INFORMATION ADMIN - SRMGR - IT 88987 0 6660 0 15109 0 6089 0 7575 0 124420 0 0 0 DAL PORTO JEFFERSON HOME LOAN UNDERWRITING - SR HOME LOA 92651 0 10698 0 5865 0 5451 0 6965 0 121630 0 0 0 SHEPPARD CHARLES IT - SYSTEMS - HOST SYSTEMS ENGINEER 89448 0 4266 0 6429 0 5599 0 13148 0 118890 0 0 0 CASON DAVID ARDEN TOWN BRANCH - BRANCH MANAGER I 75633 0 9276 0 17885 0 5318 0 6205 0 114317 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A THE CREDIT UNION WILL REIMBURSE A DIRECTOR FOR REASONABLE ACTUAL EXPENSES INCURRED IN CONNECTION WITH ATTENDING APPROVED CONFERENCES, SEMINARS, AND OTHER BUSINESS FUNCTIONS. REIMBURSEMENT MAY INCLUDE EXPENSES FOR ONE IMMEDIATE FAMILY MEMBER TO FACILITATE TRAVEL TO AND FROM SUCH EVENT PER GOLDEN 1'S BOARD TRAVEL POLICY. FORM 990, SCHEDULE J, PART I, LINE 4B DONNA BLAND, PRESIDENT AND CEO, AND THE THREE EXECUTIVE VICE PRESIDENTS PARTICIPATE IN A SPLIT DOLLAR LIFE INSURANCE PLAN AS APPROVED BY THE BOARD OF DIRECTORS. DONNA BLAND CEO SPLIT DOLLAR LOAN X 6752218 7341545 0 1 1 RICHARD MUSCI EVP SPLIT DOLLAR LOAN X 1933000 2082727 0 1 1 TOM GENESSY EVP SPLIT DOLLAR LOAN X 3860500 4159527 0 1 1 DUSTIN LUTON EVP SPLIT DOLLAR LOAN X 2810000 3027658 0 1 1 16611457 SCHEDULE L, PART II FORM 990, PART IV, LINE 26 LOANS FROM THE CREDIT UNION TO INTERESTED PERSONS WERE MADE ON THE SAME TERMS AS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 THE GOLDEN 1 CREDIT UNION PROVIDES FINANCIAL SERVICES FOR ITS REGULATORY-PERMISSIBLE FIELD OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE GOLDEN 1 CREDIT UNION MEMBERS HAVE THE RIGHT TO VOTE FOR THE ELECTION OF DIRECTORS. THE GOLDEN 1 HAS ONE CLASS OF MEMBERS THAT SHALL BE RESTRICTED TO THE PERSONS AND ORGANIZATIONS HAVING SPECIFIC AFFILIATIONS OR IDENTIFYING CHARACTERISTICS ESTABLISHED BY THE BOARD OF DIRECTORS IN OUR FIELD OF MEMBERSHIP. THE GOLDEN 1'S FIELD OF MEMBERSHIP INCLUDES PERSONS WHO LIVE AND/OR REGULARLY WORK IN ONE OF OUR REGULATORY-PERMISSIBLE COMMUNITY CHARTER COUNTIES AND EMPLOYEES AND IMMEDIATE FAMILY MEMBERS OF OUR REGULATORY-PERMISSIBLE ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7B THE GOLDEN 1 CREDIT UNION MEMBERS, BY A TWO-THIRDS (2/3) VOTE, SHALL HAVE THE POWER TO REVIEW THE ACTS AND REVERSE THE DECISIONS OF THE BOARD OF DIRECTORS OF THIS CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B A COMMITTEE OF THE GOLDEN 1 BOARD OF DIRECTORS WAS DESIGNATED TO REVIEW THE FORM 990, IN ADVANCE OF THE OCTOBER 28, 2021 GOLDEN 1 BOARD MEETING. THE COMMITTEE OF BOARD MEMBERS APPROVED THE 2020 FORM 990 ON OCTOBER 20, 2021. COPIES OF THE 2020 FORM 990 WERE PROVIDED TO THE FULL GOLDEN 1 BOARD IN ADVANCE OF THE FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH BOARD POLICY, THE GOLDEN 1 REQUIRES ALL ELECTED OFFICIALS, COMMITTEE MEMBERS, OFFICERS, MANAGERS AND OTHER KEY EMPLOYEES DESIGNATED BY THE CHIEF EXECUTIVE OFFICE TO RECEIVE, COMPLETE, AND SIGN AN ANNUAL STATEMENT OF DISCLOSURE FORM. THE STATEMENT OF DISCLOSURE ASKS A SERIES OF QUESTIONS PERTAINING TO POTENTIAL CONFLICTS OF INTEREST. THE GOLDEN 1 ADMINISTRATION DEPARTMENT COORDINATES THE DISTRIBUTION, COLLECTION AND EXCEPTION REVIEW OF THE COMPLETED STATEMENTS. GOLDEN 1'S INTERNAL AUDIT DEPARTMENT PERFORMS AN ANNUAL AUDIT OF THE STATEMENT OF DISCLOSURES TO ENSURE COMPLIANCE WITH BOARD POLICY, TIMELINESS OF THE PROCESS AND APPROPRIATE REVIEW OF COMPLETED STATEMENTS. ON AN ANNUAL BASIS, THE BOARD ALSO REVIEWS AND APPROVES THE RELATED BOARD POLICY AND STATEMENT OF DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 OFFICERS OF THE GOLDEN 1 CREDIT UNION INCLUDE THE CHIEF EXECUTIVE OFFICER (CEO), EXECUTIVE VICE PRESIDENT (EVPS), AND SENIOR VICE PRESIDENTS (SVPS). THE COMPENSATION REVIEW PROCESS FOR OFFICERS IS AS FOLLOWS: CEO COMPENSATION: A COMMITTEE CONSISTING OF FOUR MEMBERS FROM THE BOARD OF DIRECTORS (CALLED THE CEO COMPENSATION COMMITTEE) IS FORMED EACH YEAR TO REVIEW CEO COMPENSATION. THE CHAIRMAN OF THIS COMMITTEE DIRECTS THE SVP/CHIEF HUMAN RESOURCES OFFICER TO PROVIDE PAY TREND INFORMATION FOR REVIEW AND CONSIDERATION TAKING INTO CONSIDERATION ASSET SIZE, BUSINESS SCOPE, AND OVERALL COMPLEXITY OF THE OPERATIONS. SIMILAR INDUSTRY AND BANKING SURVEYS ARE USED FOR COMPARISON PURPOSES. THE RESULTS, WHICH ARE PROVIDED TO THE COMMITTEE, COMPARES BENCHMARK BASE PAY, INCENTIVE PAY, AND TOTAL COMPENSATION TO GOLDEN 1'S CURRENT CEO COMPENSATION PACKAGE. AFTER REVIEW AND CONSIDERATION, THE COMMITTEE PROVIDES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. THE DECISION IS DOCUMENTED CONTEMPOARENOUSLY AND MAINTAINED IN HUMAN RESOURCES. SVP COMPENSATION: A SIMILAR ANALYSIS IS PERFORMED FOR THE SVPS AS REQUESTED BY THE PRESIDENT & CEO. SIMILAR INDUSTRY AND BANKING SURVEYS ARE USED AS REFERENCED ABOVE. AN OVERALL COMPETITIVE ANALYSIS IS PERFORMED BY THE SVP/CHIEF HUMAN RESOURCES OFFICER AND THE RESULTS AND SUPPORTING DOCUMENTATION ARE PRESENTED TO THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE GOLDEN 1 CREDIT UNION'S FORM 990 WILL BE AVAILABLE ON GUIDESTAR.ORG FOR PUBLIC INSPECTION. THE GOLDEN 1 CREDIT UNION'S QUARTERLY NATIONAL CREDIT UNION ADMINISTRATION (NCUA) CALL 5300 REPORT CONTAINS FINANCIAL AND STATISTICAL DATA. THIS REGULATORY REPORT IS AVAILABLE FOR PUBLIC INSPECTION ONLINE AT NCUA.GOV. GOLDEN 1'S ANNUAL REPORT IS PUBLICALLY AVAILABLE ON OUR WEBSITE AT GOLDEN1.COM. GOLDEN 1 MEMBERS MAY REQUEST COPIES OF FINANCIAL STATEMENTS BY CALLING OUR MEMBER SERVICE CONTACT CENTER. FORM 990, PART XI, LINE 9: CHANGE IN COMPREHENSIVE LOSS 47,926,349. UNREALIZED GAINS ON INVESTMENTS 2,785,341.