2021-11-09T18:10:13-06:00 2020-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2020-01-01 951321381 UNIVERSAL CITY STUDIOS CREDIT UNION UNIV 8187771295 90 UNIVERSAL CITY PLAZA UNIVERSAL CITY CA 91608 THOMAS OTT CEO 8187771295 2021-11-04 1 THOMAS OTT 999009999 VALENTINO CREUS CPA P01054153 8189549700 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z THOMAS OTT 90 UNIVERSAL CITY PLAZA UNIVERSAL CITY CA 91608 3554580 0 X WWW.UCSCU.ORG X CREDIT UNION 1927 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 5 5 15 10 3118 0 0 0 2982582 2316356 172174 69173 38859 229329 3193615 2614858 0 0 0 0 1038768 1060548 0 0 0 2031292 1659495 3070060 2720043 123555 -105185 71195190 79293488 64925229 73114601 6269961 6178887 X UNIVERSAL CITY STUDIOS 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, UNIVERSAL CITY STUDIOS 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 BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 UNIVERSAL CITY STUDIOS CREDIT UNION'S OPERATIONS ARE PRINCIPALLY RELATED TO HOLDING DEPOSITS FOR AND MAKING LOANS TO EMPLOYEES OF UNIVERSAL STUDIOS, INC., DREAMWORKS, SKG, AND OTHER MEMBERS DEFINED IN THE CREDIT UNION'S BYLAWS. 0 0 0 0 0 0 0 0 0 1 0 1 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 1463 0 1 15 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 CA X X BRIAN HOLLISTER DIRECTOR OF FINANCE 8183333974 90 UNIVERSAL CITY PLAZA UNIVERSAL CITY CA 91608 JUNE SMITH CHAIRPERSON 1.00 X 0 0 0 JAMES MAULL VICE CHAIRPERSON 1.00 X 0 0 0 MELISSA LEFFLER SECRETARY 1.00 X 0 0 0 LEONARD DIRISIO TREASURER 1.00 X 0 0 0 JANET ETZKORN BOARD MEMBER 1.00 X 0 0 0 PAULA BRAND SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 VALERIE ADAMS SUPV CMTE MEMBER 1.00 X 0 0 0 WILLA KING SUPV CMTE MEMBER 1.00 X 0 0 0 RANDY LENCIONI SUPV CMTE MEMBER 1.00 X 0 0 0 RALPH RICCATELLI SUPV CMTE MEMBER 1.00 X 0 0 0 THOMAS OTT CEO 40.00 X 179837 0 20251 JESUS LOPEZ EXECUTIVE VP 40.00 X 110714 0 14992 BRIAN HOLLISTER DIRECTOR OF FINANCE 40.00 X 95303 0 14220 ANN BABICH VP OF OPERATIONS 40.00 X 72607 0 16892 458461 0 66355 2 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 HOST SYSTEM/COMPUTER SERVICES 256142 1 INTEREST ON LOANS 522100 1867863 1867863 OTHER OPERATING INCOME 522100 302034 302034 FEE INCOME 522100 146459 143341 3118 2316356 69173 69173 1043968 939722 104246 104246 104246 PROVISION (CREDIT) FOR LOAN LOSSE 900099 125083 125083 125083 2614858 2507494 3118 104246 458461 399993 27591 105884 68619 25158 46936 135119 37171 176395 335181 257733 6150 272496 176704 7016 LOAN SERVICING EXPENSE 113784 MISCELLANEOUS EXPENSE 57680 OPERATING FEES 11972 2720043 652482 756769 12576515 22666133 3769521 3911047 268998 315351 16588334 5700142 11283593 10888192 38492960 36322424 4151121 4433572 71195190 79293488 1531328 693664 63393901 72420937 64925229 73114601 X 0 0 0 0 6269961 6178887 6269961 6178887 71195190 79293488 X -105185 14111 X X 0 1 X 1 0 2800000 2800000 9817781 2860884 6956897 3013697 1969885 1043812 956856 869373 87483 10888192 PAID-IN CAPITAL AT CORP 80000 C ALL OTHER INVESTMENTS 219100 F NET LOANS AND LEASES 34903936 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 624388 C DEPOSITS IN COMMERCIAL, S&LS, & SAVINGS BANKS 495000 C 36322424 ACCRUED INTEREST ON LOANS 134114 ALL OTHER ASSETS 4297298 ACCRUED INTEREST ON INVESTMENTS 2160 4433572 TOTAL SHARES AND DEPOSITS 70420912 ACCRUED DIVIDENDS & INTEREST PAYABLE ON SHARES & DEPOSITS 25 DRAWS AGAINST LINES OF CREDIT 2000000 72420937 X 3554580 0 3554580 -939722 -939722 2614858 3659764 0 3659764 -939722 -939722 2720042 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 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 DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED DECEMBER 31, 2020, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES RECOGNIZED IN REVENUE SECTION OF RETURN -939,722. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES RECOGNIZED IN REVENUE SECTION OF RETURN -939,722. X 0 1 0 THOMAS OTT CEO 171117 0 0 0 8720 0 13153 0 7098 0 200088 0 0 0 PART I, LINE 4B AS PART OF A SERP WITH THE CHIEF EXECUTIVE OFFICER (CEO), THE CREDIT UNION ENTERED INTO A COLLATERAL ASSIGNMENT SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT (THE ARRANGEMENT) WITH THE CEO WHEREBY THE CEO PURCHASED A WHOLE LIFE INSURANCE POLICY (THE POLICY) WITH A TEN-YEAR PREMIUM PAYMENT SCHEDULE. UNDER THE ARRANGEMENT, THE CEO BORROWED THE FIRST FIVE YEARS AND NINTH AND TENTH YEARS OF PREMIUMS FROM THE CREDIT UNION. PREMIUMS FOR YEARS SIX, SEVEN AND EIGHT WERE BORROWED AGAINST THE INSURANCE POLICY VALUE. THESE THREE LOANS WERE FULLY PAID OFF IN 2017. THE CREDIT UNION'S LOAN RECEIVABLE IS COLLATERALIZED BY THE CASH SURRENDER VALUE AND DEATH BENEFIT OF THE POLICY VIA A MEMORANDUM OF AGREEMENT BETWEEN THE CREDIT UNION AND CEO. ANN BABICH OFFICER AUTO X 36608 19581 0 1 1 THOMAS OTT OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 1985500 3845381 0 1 1 ANN BABICH OFFICER SECURED LOAN X 50000 46085 0 1 1 3911047 FORM 990, PART VI, SECTION A, LINE 6 UNIVERSAL CITY STUDIOS 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. UNIVERSAL CITY STUDIOS CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF UNIVERSAL CITY STUDIOS 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 BOARD AND MANAGEMENT REVIEW THE FORM 990 DURING THE BOARD MEETING AND PROVIDE COMMENTS AND NOTIFICATIONS WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE POLICY IS IN THE UNIVERSAL CITY STUDIOS CREDIT UNION MANUAL AND EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ANNUALLY REVIEWS EXTERNAL ANALYSIS OF COMPARABLE SALARY AND A BENEFIT DERIVED FROM A CREDIT UNION INDUSTRY SOURCE AND THUS DETERMINES THE SALARY OF THE CEO AND KEY EMPLOYEES. THE MANAGEMENT SALARIES ARE DISCUSSED AT THE BUDGET PRESENTATION. THE CEO IS UNDER SEPARATE REVIEW BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OCI 14,111. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.