2021-11-10T18:19:08-06:00 2020-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2020-01-01 941243656 EXCITE CREDIT UNION (FKA ALLIANCE CREDIT UNION) EXCI 4082657322 265 CURTNER AVENUE SAN JOSE CA 95125 BRIAN DORCY PRESIDENT/CEO 4082657322 2021-11-08 1 BRIAN DORCY 999009999 VALENTINO CREUS CPA P01054153 8189549700 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X BRIAN DORCY 265 CURTNER AVENUE SAN JOSE CA 95125 67050690 0 X WWW.EXCITECU.ORG X CREDIT UNION 1952 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 146 14 117896 0 0 0 26231780 27201275 12092380 1410517 386571 368952 38710731 28980744 191555 187873 0 0 9864486 11301287 0 0 0 16165521 16885923 26221562 28375083 12489169 605661 513820756 624175711 463517028 573651248 50303728 50524463 X EXCITE 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, EXCITE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LOANS, VISA AND PERSONAL LINES OF CREDIT. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 19899 0 1 146 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 0 0 1 1 1 1 0 CA X X BRIAN DORCY PRESIDENTCEO 4089795150 3315 ALMADEN EXPRESSWAY SUITE 55 SAN JOSE CA 951181557 DONNA RHODY CHAIRPERSON 1.00 X 0 0 0 SURYA TURAGA VICE CHAIRPERSON 1.00 X 0 0 0 RALPH FINELLI BOARD SECRETARY 1.00 X 0 0 0 ALAN HANSEN BOARD TREASURER 1.00 X 0 0 0 BARBARA ALUMBAUGH BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER EKREN BOARD MEMBER 1.00 X 0 0 0 MARK HANSON BOARD MEMBER 1.00 X 0 0 0 ALAN RABY BOARD MEMBER 1.00 X 0 0 0 MIKE KIERNAN BOARD MEMBER 1.00 X 0 0 0 DEVIN MCALPINE SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 LAURA GOLDING SUPV CMTE MEMBER 1.00 X 0 0 0 BANSAL DEEPJA SUPV CMTE MEMBER 1.00 X 0 0 0 MIKE UHRI SUPV CMTE MEMBER 1.00 X 0 0 0 KIM CAMPBELL SUPV CMTE MEMBER 1.00 X 0 0 0 BRIAN DORCY CEO 40.00 X 371219 0 22745 DEBORAH SUNDERMAN EXECUTIVE VP 40.00 X 232551 0 24626 MONAKA JACKSON MORTGAGE LOAN ORIGINATOR 40.00 X 292677 0 10752 KEVIN ALSUP SVP, TECHNOLOGY SOLUTIONS 40.00 X 192533 0 9871 RICHARD WALTER VP, RETAIL OPERATIONS-CA 40.00 X 157233 0 5312 TARUNA BAJAJ VP, MARKETING 40.00 X 156700 0 3842 VERONICA RODRIGUEZ VP, PEOPLE & CULTURE 40.00 X 145265 0 22723 1548178 0 99871 22 0 1 0 PSCU FINANCIAL SERVICES INC 3001 BISHOP DR SUITE 110 SAN RAMON CA 94583 FINANCIAL SERVICES 637164 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVENUE RANCO CUCAMONGA CA 91730 FINANCIAL SERVICES 633368 NCR CORPORATION 864 SPRING ST NW ATLANTA GA 30308 INFORMATION TECHNOLOGY AND SERVICES 589218 SKYLINE ADVANCED TECHNOLOGY SERVICES 490 DIVISION ST CAMPBELL CA 95008 COMPUTER NETWORKING 540318 VISA USA INC ONE MARKET PLAZA SAN FRANCISCO CA 94105 TECHNOLOGY 435083 22 INTEREST ON LOANS 522100 18910412 18910412 OTHER OPERATING INCOME 522100 5856558 5767719 88839 FEE INCOME 522100 2434305 2405248 29057 27201275 894144 894144 38560241 26078 38053368 16578 506873 9500 516373 516373 OTHER NON-OPERATING INCOME 522100 194585 194585 UNREALIZED GAIN DUE TO CHANGE IN 522100 174367 174367 368952 28980744 28862848 117896 0 187873 1548178 7621558 301939 1095077 734535 88892 199390 949667 1043815 2914554 1717985 1523100 167863 2904538 1266086 58618 PROV FOR LOAN LOSSES 2801023 LOAN SERVICING 1038060 MISC. OPERATING EXPENSE 145268 OPERATING FEES 67064 28375083 6782668 5941703 37153127 58320431 1597846 1707738 2012841 3075576 23648083 9098740 9146993 14549343 20549908 92978836 431953287 432654021 4635 4635 4619451 14943428 513820756 624175711 3110498 3094431 460406530 570556817 463517028 573651248 X 0 0 0 0 50303728 50524463 50303728 50524463 513820756 624175711 605661 -384926 0 X X 0 1 X 1 0 5326598 5326598 9740297 4284145 5456152 369401 262206 107195 8211787 4552389 3659398 14549343 ALL OTHER INVESTMENTS 1642700 F NET LOANS & LEASES 425882624 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 5122465 C PAID IN CAPITAL AT CORP 6232 C 432654021 TOTAL SHARES & DEPOSITS 565556817 OTHER NOTES AND INTEREST PAYABLE 5000000 570556817 X PART X, LINE 2: FASB ASC 740-10-65, 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 DEEMED TO NOT MEEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND CURRENT TAX LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED JUNE 30, 2020, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. 1 SV HALL LLC 2121 41ST AVE 102 CAPITOLA CA 95010 822759950 25500 FMV TO PROMOTE SMALL LOCAL BUSINESS PIVOTAL CONNECTIONS 75 E SANTA CLARA ST SUITE 1450 SAN JOSE CA 95113 770166138 501(C)(3) 10300 FMV TO HELP YOUNG PEOPLE IN AND FROM FOSTER CARE REALIZE THEIR EDUCATIONAL AND CAREER GOALS BY ENSURING EQUITABLE ACCESS TO OPPORTUNITY. BILL WILSON CENTER 3490 THE ALAMEDA SANTA CLARA CA 95050 942221849 501(C)(3) 10000 FMV PREVENT POVERTY IN THE NEXT GENERATION BY CONNECTING YOUTH AND FAMILIES TO EDUCATION, EMPLOYMENT, HOUSING, AND POSITIVE RELATIONSHIPS SILICON VALLEY CREATES 38 W SANTA CLARA ST SAN JOSE CA 95113 942825213 501(C)(3) 10000 FMV TO IGNITE INVESTMENT AND ENGAGEMENT IN ARTS AND CREATIVITY. SOMOS MAYFAIR 370-B S KING ROAD SAN JOSE CA 95116 770499813 501(C)(3) 10000 FMV TO SUPPORT CHILDREN, ORGANIZE FAMILIES, AND CONNECT NEIGHBORS TO UPLIFT THE DREAMS, POWER, AND LEADERSHIP OF COMMUNITY AND ADDRESS SYSTEMIC INEQUITIES. SUNDAY FRIENDS FOUNDATION 645 WOOL CREEK DR 2ND FLOOR SUITE A A SAN JOSE CA 95112 770518937 501(C)(3) 6150 FMV TO BREAK THE GENERATIONAL CYCLE OF POVERTY BY FOSTERING POSITIVE DEVELOPMENT IN CHILDREN WHILE EDUCATING AND GUIDING PARENTS TO SUPPORT THEIR CHILDREN'S LIFE SUCCESS. RAZING THE BAR 123 E SAN CARLOS ST UNIT 513 SAN JOSE CA 95112 800441705 501(C)(3) 5725 FMV MENTORING AND HOUSING SUPPORT FOR TRANSITION AGED YOUTH CHILD ADVOCATES OF SILICON VALLEY 509 VALLEY WAY BUILDING 2 MILPITAS CA 95035 770250773 501(C)(3) 5150 FMV TO BE THERE FOR EVERY FOSTER CHILD IN SILICON VALLEY WHO HAS EXPERIENCED ABUSE, NEGLECT AND/OR ABANDONMENT. PLANNED PARENTHOOD MAR MONTE 1691 THE ALAMEDA SAN JOSE CA 95126 941583439 501(C)(3) 5150 FMV TO ENSURE THAT EVERY INDIVIDUAL HAS THE KNOWLEDGE, OPPORTUNITY, AND FREEDOM TO MAKE EVERY CHILD A WANTED CHILD AND EVERY FAMILY A HEALTHY FAMILY. BOYS AND GIRLS CLUBS OF SV 518 VALLEY WAY MILPITAS CA 95035 941294898 501(C)(3) 5000 FMV TO INSPIRE AND EMPOWER ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING ADULTS. THE CAROUSEL CENTER INC 1501 DOCK ST WILMINGTON WILMINGTON NC 28401 562098739 501(C)(3) 5000 FMV TO SUPPORT HEALING, PROMOTE JUSTICE, AND FOSTER RESILIENCE IN CHILDREN VICTIMIZED BY PHYSICAL OR SEXUAL ABUSE AND TO IMPROVE OUR COMMUNITY THROUGH EDUCATION, PREVENTION AND ADVOCACY COMMUNITY FINANCIAL RESOURCES 4100 REDWOOD RD STE 20A 433 OAKLAND CA 94619 203788598 501(C)(3) 5000 FMV TO PROVIDE RESEARCH, EDUCATION, PROGRAM DEVELOPMENT AND TECHNICAL ASSISTANCE FOR NON-PROFIT ORGANIZATIONS AND THEIR LOW-INCOME CONSTITUENTS ON FINANCIAL LITERACY, MONEY MANAGEMENT, AND ACCESSING AND EFFECTIVELY USING LOW-COST FINANCIAL PRODUCTS AND SERVICES. EAST SIDE UNION HIGH SCHOOL DISTRICT 2530 BERRYESSA RD STE 432 SAN JOSE CA 95132 264148665 501(C)(3) 5000 FMV TO PROMOTE AND CREATE BOLD AND INNOVATIVE PROGRAMS, SERVICES, AND PARTNERSHIPS THAT MEASURABLY ELEVATE SUSTAINABLE STUDENT SUCCESS LATINO BUSINESS FOUNDATION SILICON 1652 ALUM ROCK AVE SAN JOSE CA 95116 843419477 501(C)(3) 5000 FMV TO BECOME SILICON VALLEY'S "GO TO PLACE" FOR SMALL AND MICRO BUSINESS' NEEDS AND RESOURCES. AND TO BUILD THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY. WILMINGTON DOWNTOWN INC PO BOX 2235 WILMINGTON NC 28402 591752750 501(C)(3) 5000 FMV TO PROMOTE THE ECONOMIC GROWTH AND DEVELOPMENT OF DOWNTOWN WILMINGTON, NORTH CAROLINA. 14 1 X X 0 1 0 BRIAN DORCY CEO 319368 0 49613 0 2238 0 11232 0 11513 0 393964 0 0 0 DEBORAH SUNDERMAN EXECUTIVE VP 229856 0 2205 0 490 0 6598 0 18028 0 257177 0 0 0 MONAKA JACKSON MORTGAGE LOAN ORIGINATOR 78165 0 214401 0 111 0 3433 0 7319 0 303429 0 0 0 KEVIN ALSUP SVP, TECHNOLOGY SOLUTIONS 189774 0 1908 0 851 0 5263 0 4608 0 202404 0 0 0 RICHARD WALTER VP, RETAIL OPERATIONS-CA 155392 0 1600 0 241 0 4906 0 406 0 162545 0 0 0 TARUNA BAJAJ VP, MARKETING 154458 0 1561 0 681 0 2222 0 1620 0 160542 0 0 0 VERONICA RODRIGUEZ VP, PEOPLE & CULTURE 143428 0 1561 0 276 0 2537 0 20186 0 167988 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS AN ELIGIBLE, NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVES UNDER IRC SECTION 457(B). DEBORAH SUNDERMAN HCE VISA X 30000 13268 0 0 1 BARBARA ALUMBAUGH BOD HELOC X 45000 75464 0 1 1 VERONICA RODRIGUEZ HCE AUTO X 49664 36093 0 0 1 KEVIN ALSUP HCE MORTGAGE LOAN X 280330 250852 0 0 1 VERONICA RODRIGUEZ HCE MORTGAGE LOAN X 595000 562167 0 0 1 DEBORAH L SUNDERMAN KEY EMPLOYEE MORTGAGE LOAN X 700000 691426 0 0 1 KEVIN ALSUP KEY EMPLOYEE HELOC X 250000 15000 0 0 1 VERONICA N RODRIGUEZ HCE VISA X 0 19519 0 0 1 VERONICA N RODRIGUEZ HCE PERSONAL X 20000 18490 0 0 1 RICHARD A WALTER HCE AUTO X 32689 23137 0 0 1 MARK A HANSON BOD VISA X 0 2322 0 0 1 1707738 FORM 990, PART VI, SECTION A, LINE 6 EXCITE 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. THE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF EXCITE 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 PRIOR TO FILING, THE RETURN IS REVIEWED BY THE VP OF FINANCE AND THEN MADE AVAILABLE TO THE BOARD MEMBERS FOR REVIEW. AFTER THEIR REVIEW, BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO MAKE COMMENTS OR REVISIONS. FORM 990, PART VI, SECTION B, LINE 15 A SALARY ANALYSIS IS PERFORMED FOR THE CEO, OFFICERS AND OTHER SENIOR MANAGEMENT OF THE CREDIT UNION BY AN INDEPENDENT OUTSIDE SERVICE USING DATA FROM SEVERAL SALARY SURVEYS PERFORMED FOR BANK AND CREDIT UNION PROFESSIONAL ASSOCIATIONS AND BY OTHER NATIONAL COMPENSATION ANALYSIS SERVICES. BASED ON THE DATA THEY COMPILE FROM THESE SOURCES, THEY MAKE RECOMMENDATIONS FOR THE SALARY RANGE FOR EACH POSITION PROVIDING THE DATA USED TO MAKE THEIR DETERMINATION. THE BOARD OF DIRECTORS REVIEWS THIS INFORMATION FOR THE CEO BEFORE MAKING A FINAL SALARY DECISION WHICH IS DOCUMENTED IN THE MINUTES OF THEIR MEETING. FOR OTHER OFFICERS AND SENIOR MANAGEMENT, THE INFORMATION IS REVIEWED BY THE CEO AND THE V.P. OF HUMAN RESOURCES BEFORE FINALIZING RANGES, AND COPIES OF THE SURVEY DATA ARE KEPT IN THE FILES OF THE HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF BOARD OF DIRECTOR DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR. ALLIANCELINK INSURANCE SERVICES LLC 3315 ALMADEN EXPRESSWAY STE 55 SAN JOSE CA 95118 812748495 INSURANCE SALES CA 13811 88964 EXCITE CREDIT UNION