2021-11-09T16:44:35-06:00 2020-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2020-01-01 951288265 WESCOM CENTRAL CREDIT UNION WESC 8884937266 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 CINDY LAW VP/CONTROLLER 8884937266 2021-11-08 1 CINDY LAW 999009999 NAZANIN BENYAMINI P00666808 3104773924 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WESCOM CREDIT UNION CINDY LAW 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 981798799 0 X WWW.WESCOM.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 10 10 890 15 4641514 0 0 0 169085732 144995400 47982069 56125303 852660 0 217920461 201120703 270147 244736 0 0 81960370 86615718 0 0 0 107252311 98368496 189482828 185228950 28437633 15891753 3690408153 4502286439 3350849774 4133799667 339558379 368486772 X THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS. 0 0 THE CREDIT UNION HAD $4.5 BILLION IN ASSETS, $2.1 BILLION IN LOANS AND $3.75 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2020 THE CREDIT UNION POSTED NET EARNINGS OF $19.8 MILLION IN 2020. THE CREDIT UNION'S 2020 INITIATIVES INCLUDED MEMBERSHIP GROWTH, ENHANCING PRODUCTS AND SERVICES, INCREASED SERVICE IN OUR COMMUNITIES, DEVELOPMENTS IN DELIVERY CHANNELS, AND LOAN GROWTH. THE CREDIT UNION THROUGH ITS EMPLOYEES, MEMBERS, AND WECARE FOUNDATION SUPPORTED COMMUNITY OUTREACH THROUGHOUT 2020. MORE THAN $113,000 DONATED TO CHILDREN'S MIRACLE NETWORK HOSPITALS. $167,000+ DONATED TO THE NATIONAL LOCAL FOOD BANKS. $20,000 DONATED TO RACIAL JUSTICE. $15,000 RAISED FOR VIRTUAL WALKS AND 800+ POUNDS OF FOOD DONATED TO UCLA STUDENTS. FOUNDATION FOCUS AREAS SHIFTED TO DISASTER RESPONSE, CRITICAL HUMAN NEEDS, FINANCIAL WELLNESS AND ADVANCING RACIAL JUSTICE. 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 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 81746 0 1 890 1 1 1 0 0 0 0 0 0 0 1 0 X 10 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 X CINDY LAW VPCONTROLLER 8884937266 123 S MARENGO AVENUE PASADENA CA 911012428 HANI BHIMIJI BOARD MEMBER 2.00 X 7435 0 0 RON FISCHER TREASURER 2.00 X X 10510 0 0 GINA FRIEDRICH BOARD MEMBER 2.00 X 13100 0 0 DANIEL KRAUS SECRETARY 2.00 X X 13100 0 0 JEFF LUONG BOARD MEMBER 2.00 X 2521 0 0 JAVIER MORALES VICE CHAIRMAN 2.00 X X 5440 0 0 VIRGINIA PANOSSIAN BOARD MEMBER 2.00 X 5563 0 0 DAVID PEREZ BOARD MEMBER 2.00 X 5930 0 0 NOEL ROSS CHAIRMAN 2.00 X X 11011 0 0 BRAD SELBY BOARD MEMBER 2.00 X 10178 0 0 KEITH PIPES EVP LENDING & FINANCIAL SE 40.00 X 1592354 0 233365 DARREN WILLIAMS PRESIDENT & CEO 40.00 X 1244775 0 1073351 IRVING CHIU HENG YU SVP FINANCE & CFO 40.00 X 399755 0 119945 JONATHON ALLEN SVP FINANCIAL SVCS & DEPOS 40.00 X 419188 0 116328 JONATHON BAUMAN VP LOAN SERVICING & DEFAUL 40.00 X 292355 0 41261 RUSSELL DOUGLASS VP TREASURY 40.00 X 239230 0 53272 MARK DY-RAGOS VP INFORMATION SECURITY 40.00 X 255653 0 43951 KAREN FALL VP CONTACT CENTER 40.00 X 234498 0 38929 RAFAEL GUERRA PRESIDENT WIS 40.00 X 258942 0 39012 DAVID GUMPERT-HERSH VP CREDIT RISK 40.00 X 277595 0 42393 CINDY CHING-CHING LAW VP FINANCE 40.00 X 292512 0 47310 VICTOR LOPEZ VP BRANCH OPERATIONS 40.00 X 267465 0 28289 ALEXANDER MUNRO VP INFORMATION TECHNOLOGY 40.00 X 302665 0 41721 SYLVIE OHANNESSIAN VP INTERNAL AUDIT 40.00 X 235806 0 18734 DEENA OTTO SVP PAYMENTS & DIGITAL CHA 40.00 X 399299 0 103506 MAGGIE PACHECO VP REAL ESTATE LENDING 40.00 X 276074 0 39089 MELISSA PEDERSON SVP ADMINISTRATION 40.00 X 390953 0 88992 JOSEPH PELLISSERY SENIOR VP TECHNOLOGY/CIO 40.00 X 491740 0 96927 BRIAN SEDLAK VP INFORMATION TECHNOLOGY DEVELOPMENT 40.00 X 245394 0 25473 CHARLES THOMAS SVP CHIEF LENDING OFFICER 40.00 X 435107 0 168086 LISA THOMPSON VP ENTERPRISE RISK 40.00 X 306125 0 33301 ADRIANA WELCH SVP BRANCH OPERATIONS 40.00 X 335498 0 66538 STEPHANIE WINKLER VP HUMAN CAPITAL & DEVELOPMENT 40.00 X 272174 0 23350 PAN KWE SR FINANCIAL ADVISOR 40.00 X 432221 0 42772 AUDRA MARTIN LOAN OFFICER 40.00 X 323074 0 8953 DONALD SABLATURA LOAN OFFICER 40.00 X 537090 0 43070 RICHARD SHORTRIDGE LOAN OFFICER 40.00 X 330916 0 41035 MARISSA SUE LOAN OFFICER 40.00 X 324939 0 34983 11498185 0 2753936 188 0 1 0 GRAIL BRAND DESIGN LLC 12 CORPORATE PLAZA DRIVE SUITE 200 NEWPORT BEACH CA 92660 ADVERTISING 2890320 LEARFIELD COMMUNICATIONS LLC PO BOX 843038 KANSAS CITY MO 641843038 ADVERTISING 1880355 1ST CHOICE CARPET & AIR DUCT CLEANING 8161 E KAISER BLVD 27362 ANAHEIM CA 92809 CLEANING SERVICES 834900 SECURITAS SECURITY SERVICES USA INC PO BOX 57220 LOS ANGELES CA 90074 SECURITY 645390 ROPES & GRAY LLP PO BOX 70280 MAIL CODE 11104 PHILADELPHIA PA 19176 LEGAL SERVICES 489293 11 INTEREST INCOME 522100 92635041 92606949 28092 FEE INCOME 522100 29897363 29455298 442065 OTHER OPERATING INCOME 522100 22462996 18291639 4171357 144995400 33663530 33663530 797654497 5485372 780607822 70274 17046675 5415098 22461773 22461773 201120703 196479189 4641514 0 244736 14791726 57627650 2927100 6597460 4671782 582581 274995 1415916 7158046 14968334 4954407 7575445 780196 24459101 11655980 794999 LOAN SERVICING 11559873 PROVISION FOR LOAN LOSS 7750000 PANDEMIC RESPONSE EXPEN 1463136 OPERATING EXPENSES 1335193 1640294 185228950 22251957 25707063 177650123 292539183 7013031 8319876 5537275 6045042 184415818 108918130 71279407 75497688 941606773 1876757043 2381035968 2124678431 8100139 8100139 75933480 84641974 3690408153 4502286439 79397499 120961518 3271452275 4012838149 3350849774 4133799667 X 0 0 0 0 339558379 368486772 339558379 368486772 3690408153 4502286439 X 15891753 35219520 -22182880 X 0 1 X 1 0 37000 37000 37000 1 CCUL - PAC 1201 K STREET 1050 SACRAMENTO CA 95814 940357265 37000 0 PART I-A, LINE 1: CONTRIBUTION TO CCUL - PAC 9390319 9390319 74906447 41795497 33110950 14043380 7226039 6817341 84506150 59896594 24609556 1569522 1569522 75497688 LOANS AND INVESTMENTS IN NATURAL PERSON CUS 100000 C ALL OTHER INVESTMENTS 17250000 F LOANS AND LEASES 2072603849 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 32362873 C LOANS HELD FOR SALE 2361709 C 2124678431 OTHER NOTES AND INTEREST PAYABLE 56133796 SHARES AND DEPOSITS 3953212657 DEFERRED REVENUE 3491696 4012838149 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE CREDIT UNION'S WHOLLY OWNED SUBSIDIARIES, WESCOM INSURANCE SERVICES, LLC, WESCOM FINANCIAL SERVICES, LLC, AND WESCOM RESOURCES GROUP, LLC ARE SUBJECT TO STATE AND FEDERAL INCOME TAX. OPERATIONS OF THE WHOLLY OWNED SUBSIDIARIES RESULTED IN AN INSIGNIFICANT AMOUNT OF INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE SUBSIDIARIES ARE SUBJECT TO U.S. FEDERAL INCOME TAX AS WELL AS INCOME TAX OF THE STATE OF CALIFORNIA. THE SUBSIDIARIES ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2016. THE SUBSIDIARIES RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN OTHER EXPENSE. THERE WERE NO INTEREST OR PENALTIES RECORDED IN 2020 OR 2019. 0 CHILDREN'S MIRACLE NETWORK 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 917611250 870387205 501(C)(3) 34320 TO INCREASE FUNDS AND AWARENESS FOR CHILDREN'S HOSPITAL LOS ANGELES. WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 501(C)(3) 184916 TO PROVIDE FINANCIAL SUPPORT TO SPONSOR COMMUNITY SERVICE OPPORTUNITIES. WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 537054493 396093210 501(C)(3) 15000 TO PROVIDE EDUCATIONAL PROGRAMS TO EMPOWER MEMBERS TO MAKE THE FINANCIAL CHOICES TO IMPROVE THEIR LIVES. 3 0 X X 1 1 X X X X 0 1 0 KEITH PIPES EVP LENDING & FINANCIAL SE 391699 0 212755 0 987900 0 199500 0 33865 0 1825719 0 0 0 DARREN WILLIAMS PRESIDENT & CEO 851186 0 369952 0 23637 0 1036736 0 36615 0 2318126 0 0 0 IRVING CHIU HENG YU SVP FINANCE & CFO 274909 0 88335 0 36511 0 83330 0 36615 0 519700 0 0 0 JONATHON ALLEN SVP FINANCIAL SVCS & DEPOS 306710 0 90246 0 22232 0 92969 0 23359 0 535516 0 0 0 JONATHON BAUMAN VP LOAN SERVICING & DEFAUL 228514 0 48814 0 15027 0 17380 0 23881 0 333616 0 0 0 RUSSELL DOUGLASS VP TREASURY 192933 0 38261 0 8036 0 19500 0 33772 0 292502 0 0 0 MARK DY-RAGOS VP INFORMATION SECURITY 201995 0 44472 0 9186 0 17363 0 26588 0 299604 0 0 0 KAREN FALL VP CONTACT CENTER 184216 0 38781 0 11501 0 13176 0 25753 0 273427 0 0 0 RAFAEL GUERRA PRESIDENT WIS 212757 0 35479 0 10706 0 15686 0 23326 0 297954 0 0 0 DAVID GUMPERT-HERSH VP CREDIT RISK 217733 0 45245 0 14617 0 16284 0 26109 0 319988 0 0 0 CINDY CHING-CHING LAW VP FINANCE 224959 0 48359 0 19194 0 10695 0 36615 0 339822 0 0 0 VICTOR LOPEZ VP BRANCH OPERATIONS 201996 0 44517 0 20952 0 19343 0 8946 0 295754 0 0 0 ALEXANDER MUNRO VP INFORMATION TECHNOLOGY 243146 0 51896 0 7623 0 15640 0 26081 0 344386 0 0 0 SYLVIE OHANNESSIAN VP INTERNAL AUDIT 189039 0 37465 0 9302 0 17889 0 845 0 254540 0 0 0 DEENA OTTO SVP PAYMENTS & DIGITAL CHA 272684 0 86410 0 40205 0 86167 0 17339 0 502805 0 0 0 MAGGIE PACHECO VP REAL ESTATE LENDING 226904 0 40459 0 8711 0 15730 0 23359 0 315163 0 0 0 MELISSA PEDERSON SVP ADMINISTRATION 266482 0 86442 0 38029 0 80414 0 8578 0 479945 0 0 0 JOSEPH PELLISSERY SENIOR VP TECHNOLOGY/CIO 374118 0 109467 0 8155 0 63062 0 33865 0 588667 0 0 0 BRIAN SEDLAK VP INFORMATION TECHNOLOGY DEVELOPMEN 204308 0 28626 0 12460 0 13198 0 12275 0 270867 0 0 0 CHARLES THOMAS SVP CHIEF LENDING OFFICER 321719 0 89358 0 24030 0 144727 0 23359 0 603193 0 0 0 LISA THOMPSON VP ENTERPRISE RISK 245738 0 53210 0 7177 0 18646 0 14655 0 339426 0 0 0 ADRIANA WELCH SVP BRANCH OPERATIONS 272002 0 52134 0 11362 0 57994 0 8544 0 402036 0 0 0 STEPHANIE WINKLER VP HUMAN CAPITAL & DEVELOPMENT 202924 0 45300 0 23950 0 4649 0 18701 0 295524 0 0 0 PAN KWE SR FINANCIAL ADVISOR 0 0 431387 0 834 0 16141 0 26631 0 474993 0 0 0 AUDRA MARTIN LOAN OFFICER 50745 0 270695 0 1634 0 0 0 8953 0 332027 0 0 0 DONALD SABLATURA LOAN OFFICER 61504 0 474481 0 1105 0 17605 0 25465 0 580160 0 0 0 RICHARD SHORTRIDGE LOAN OFFICER 50607 0 278592 0 1717 0 17154 0 23881 0 371951 0 0 0 MARISSA SUE LOAN OFFICER 43643 0 278356 0 2940 0 13798 0 21185 0 359922 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE PRESIDENT IS AUTHORIZED TO INCUR FIRST CLASS TRAVEL EXPENSES ON BEHALF OF HIS/HER SPOUSE PROVIDED THAT THE PRESIDENT SHALL BE RESPONSIBLE FOR ALL TAXES FOR ANY SUCH EXPENSES, AND THE TRAVEL IS RELATED TO THE CREDIT UNION AND IN THE BEST INTEREST OF THE CREDIT UNION. PART I, LINE 4B THE CREDIT UNION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN. FOR TAX YEAR 2020, THE FOLLOWING INDIVIDUALS HAVE EARNED BUT UNPAID INCENTIVE COMPENSATION DEFERRED UNDER A DEFERRED COMPENSATION PLAN. THE APPLICABLE AMOUNTS BELOW ARE INCLUDED AS PART OF THEIR "RETIREMENT AND OTHER DEFERRED COMPENSATION" FIGURES ON PART II COLUMN C: - DARREN WILLIAMS $1,017,236 - KEITH PIPES $180,000 - IRVING YU $63,830 - JONATHAN ALLEN $73,469 - DEENA OTTO $66,667 - MELISSA PEDERSON $60,914 - JOSEPH PELLISSERY $43,562 - CHARLES THOMAS $136,364 - ADRIANA WELCH $42,292 ADRIANA WELCH KEY EMPLOYEE 1ST MORTGAGE X 799200 706648 0 1 1 ADRIANA WELCH KEY EMPLOYEE CREDIT CARD X 7500 1594 0 1 1 AHSLEY WHITE KEY EMPLOYEE 1ST MORTGAGE X 327700 327700 0 1 1 ALEXANDER MUNRO KEY EMPLOYEE 1ST MORTGAGE X 650000 625244 0 1 1 ALEXANDER MUNRO KEY EMPLOYEE AUTO LOAN X 12139 11713 0 1 1 CARINA HOLLIS KEY EMPLOYEE AUTO LOAN X 32777 11246 0 1 1 COLLEEN SAVAGE KEY EMPLOYEE 1ST MORTGAGE X 150000 65575 0 1 1 COLLEEN SAVAGE KEY EMPLOYEE CREDIT CARD X 10000 502 0 1 1 DANIEL MOORE KEY EMPLOYEE 1ST MORTGAGE X 507500 450611 0 1 1 DANIEL MOORE KEY EMPLOYEE AUTO LOAN X 51275 29609 0 1 1 DARREN WILLIAMS OFFICER HELOC X 82150 77697 0 1 1 DARREN HOSHIDE KEY EMPLOYEE 1ST MORTGAGE X 608000 608000 0 1 1 DARREN HOSHIDE KEY EMPLOYEE AUTO LOAN X 55600 54473 0 1 1 DAVID CERWINSKI KEY EMPLOYEE 1ST MORTGAGE X 390000 289994 0 1 1 DAVID GUMPERT-HERSH KEY EMPLOYEE 1ST MORTGAGE X 652500 458261 0 1 1 DAVID GUMPERT-HERSH KEY EMPLOYEE HELOC X 241000 87898 0 1 1 DEENA OTTO KEY EMPLOYEE CREDIT CARD X 8000 7295 0 1 1 GARY KOKONYAN KEY EMPLOYEE AUTO LOAN X 21871 21871 0 1 1 HELIO MARTINEZ KEY EMPLOYEE 1ST MORTGAGE X 200000 143344 0 1 1 HELIO MARTINEZ KEY EMPLOYEE HELOC X 150000 149945 0 1 1 HELIO MARTINEZ KEY EMPLOYEE AUTO LOAN X 40254 31982 0 1 1 IRVING YU OFFICER 1ST MORTGAGE X 440250 348681 0 1 1 IRVING YU OFFICER HELOC X 250000 237000 0 1 1 JONATHON BAUMAN KEY EMPLOYEE 1ST MORTGAGE X 209000 85161 0 1 1 JONATHON BAUMAN KEY EMPLOYEE PERSONAL LOC X 18000 9492 0 1 1 KAREN FALL KEY EMPLOYEE 1ST MORTGAGE X 240000 236842 0 1 1 KAREN FALL KEY EMPLOYEE CREDIT CARD X 9500 6645 0 1 1 KAREN FALL KEY EMPLOYEE AUTO LOAN X 36168 15684 0 1 1 KEITH PIPES OFFICER 1ST MORTGAGE X 625500 501181 0 1 1 KEITH PIPES OFFICER CREDIT CARD X 24500 207 0 1 1 MAGGIE PACHECO KEY EMPLOYEE PERSONAL LOC X 35000 35000 0 1 1 MARK DY-RAGOS KEY EMPLOYEE 1ST MORTGAGE X 680000 659637 0 1 1 MELISSA PEDERSON KEY EMPLOYEE CREDIT CARD X 16500 1539 0 1 1 MELISSA PEDERSON KEY EMPLOYEE AUTO LOAN X 70470 69518 0 1 1 MELISSA PEDERSON KEY EMPLOYEE 1ST MORTGAGE X 636000 578510 0 1 1 MELISSA PEDERSON KEY EMPLOYEE HELOC X 55000 49092 0 1 1 RALPH BAUTISTA KEY EMPLOYEE CREDIT CARD X 10000 956 0 1 1 RUSSELL DOUGLAS KEY EMPLOYEE 1ST MORTGAGE X 438000 385508 0 1 1 SYLVIE OHANNESSIAN KEY EMPLOYEE 1ST MORTGAGE X 682000 624613 0 1 1 VICTOR LOPEZ KEY EMPLOYEE 1ST MORTGAGE X 362000 313166 0 1 1 VICTOR LOPEZ KEY EMPLOYEE CREDIT CARD X 26800 242 0 1 1 8319876 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS OWNED BY MEMBERS, MEMBERSHIP IS AVAILABLE TO ANY AND ALL PERSONS WHO LIVE, REGULARLY WORK, CURRENTLY ATTEND SCHOOL, OR CURRENTLY WORSHIP IN THE SEVEN COUNTIES OF SOUTHERN CALIFORNIA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT THE GOVERNING BODY. EACH MEMBER HAS ONE VOTE TO ELECT THE MEMBERS FOR THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE DIRECTORS, ELECTIONS ARE HELD AND BOARD DECISIONS REGARDING ELECTION OR REMOVAL OF DIRECTORS ARE VOTED ON BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE VP CONTROLLER, THE SVP CHIEF FINANCIAL OFFICER, AND THE CEO OF THE ORGANIZATION. THE RETURN THEN GOES THROUGH A FINAL REVIEW BY THE BOARD OF DIRECTORS BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ENFORCED AND MONITORED THROUGH OUR VARIOUS REPORTING MECHANISMS (ETHICS POINT, OPEN DOOR COMMUNICATION POLICY, WHICH INCLUDES RECOMMENDING THAT EMPLOYEES DISCUSS THE ISSUES WITH THEIR MANAGER, HUMAN RESOURCES, SENIOR MANAGEMENT OR THE CEO), WE ADDRESS THE ISSUE AND USE OUR POLICY FOR GUIDANCE, WHICH PROMOTES CONSISTENCY. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION: WESCOM CREDIT UNION'S BOARD OF DIRECTORS PARTNERS WITH A THIRD PARTY VENDOR TO PERFORM REGULAR REVIEWS TO ENSURE THAT THE PRESIDENT/CEO'S SALARY AND TARGET INCENTIVE REMAIN IN THE APPROPRIATE RELATIONSHIP TO THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIAL PERFORMANCE. IN ADDITION, THE PRESIDENT/CEO'S SUPPLEMENTAL RETIREMENT ACCOUNT IS REVIEWED WITH THE BOARD TO EVALUATION INVESTMENT PERFORMANCE AND TO CONSIDER ANY PROGRAM ADJUSTMENTS THAT NEED TO BE MADE TO ENSURE THE PROGRAM REMAINS APPROPRIATE TO THE MARKET. THE BOARD APPROVES ALL CHANGES TO THE PRESIDENT/CEO'S COMPENSATION AND SUPPLEMENTAL RETIREMENT PLANS. FORM 990, PART VI, SECTION B, LINE 15B: OTHER KEY EMPLOYEES' COMPENSATION: WESCOM CREDIT UNION PARTNERS WITH A THIRD PARTY TO PERFORM A PERIODIC REVIEW TO ENSURE THAT THE EXECUTIVE AND STAFF TEAM MEMBERS' SALARY RANGES AND TARGET INCENTIVES REMAIN IN AN APPROPRIATE RELATIONSHIP WITH THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIALS PERFORMANCE. THE HR COMMITTEE OF THE BOARD REVIEWS THE INFORMATION AND PREPARES A RECOMMENDATION FOR THE BOARD OF DIRECTORS APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. REQUESTS REGARDING GOVERNING DOCUMENTS AND CONFLICT OF INTERESTS CAN BE SUBMITTED TO THE ORGANIZATION AND COPIES WILL BE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S INFORMATIONAL RETURN IS AVAILABLE UPON REQUEST OR ON A PUBLIC WEBSITE, GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -21,860,730. CHANGE IN FUNDED STATUS OF DEFINED BENEFIT PENSION PLAN -4,196,894. IMPAIRMENT/REVERSAL OF MORTGAGE SERVICING RIGHTS VALUATION ALLOWANCE -2,048,977. UNREALIZED GAIN IN SERP ACCOUNT 5,923,721. WESCOM HOLDINGS LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954889848 FINANCIAL SERVICES CA 0 0 WESCOM CREDIT UNION WESCOM FINANCIALS SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954853684 FINANCIAL SERVICES CA 7455708 2633388 WESCOM HOLDINGS LLC WESCOM INSURANCE SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954821865 FINANCIAL SERVICES CA 0 17086886 WESCOM HOLDINGS LLC WESCOM RESOURCES GROUP LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 431966875 DATA PROCESSING CA 3478926 6705486 WESCOM HOLDINGS LLC HALLMARK ASSOCIATES INSURANCE SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954800085 INSURANCCE CA 0 0 WESCOM INSURANCE SERVICES LLC WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 CHARITY FUND CA 501(C)(3) LINE 10 N/A 0 WESCOM CENTER ASSOCIATION INC 5601 E LA PALMA AVE ANAHEIM CA 92807 562628434 MANAGEMENT OF REAL PROPERTY CA WESCOM CENTRAL CREDIT UNION C 28450 20119 0.32860 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 WESCOM FINANCIALS SERVICES LLC J 1082150 ACTUAL AMOUNT PAID WESCOM RESOURCES GROUP LLC J 1025830 ACTUAL AMOUNT PAID WESCOM FOUNDATION B 209832 EMPLOYEE CONTRIB. PLUS WCCU MATCH WESCOM FOUNDATION B 80000 AMOUNT OF CONTRIBUTION