2021-11-12T16:08:22-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2020-01-01 941209440 SAN FRANCISCO FIRE CREDIT UNION SANF 4156744800 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 AARON SATO VP CONTROLLER 4156744800 2021-11-12 1 AARON SATO 999009999 MARY C GREEN P00447183 6022662248 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHY DUVALL 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 106043872 0 X WWW.SFFIRECU.ORG X 1951 CA BUILT BY SAN FRANCISCO FIREFIGHTERS AND COMMITTED TO THE FINANCIAL SAFETY AND SECURITY OF OUR COMMUNITY. 7 7 293 8 248902 22603 0 0 59200096 59148794 5057462 4176353 293869 0 64551427 63325147 27500 0 4509225 4706854 26514339 28894303 0 0 0 24425852 27015071 55476916 60616228 9074511 2708919 1396330281 1652125521 1268207099 1518944717 128123182 133180804 BUILT BY SAN FRANCISCO FIREFIGHTERS AND COMMITTED TO THE FINANCIAL SAFETY AND SECURITY OF OUR COMMUNITY. 0 0 MORTGAGE LENDING: EXPENSES RELATED TO OUR MEMBER LOAN PROGRAMS, INCLUDING CREDIT BUREAUS, LOAN CONSULTING FEES, TAX SERVICES, LOAN FUNDING, LOAN ESCROW, FORECLOSURES, LOAN SALE EXPENSE AND COLLATERAL PROTECTION EXPENSE. INDIRECT LOAN PROGRAMS THROUGH CUDL, WHEREBY MEMBERS CAN FINANCE A VEHICLE WITH SF FIRE VIA THE DEALER. EXPENSES INCLUDE COSTS TO THE DEALER, TITLE, REGISTRATION AND RECORDING FEES. REIMBURSEMENT OF MEMBER'S ATM SERVICE FEE TRANSACTIONS AT ATM MACHINES THAT ARE NOT OWNED AND OPERATED BY SF FIRE. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 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 17800 0 293 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 CA X THU NGUYEN 4152661163 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 KATHY DUVALL PRESIDENT & CEO 50.00 X 782348 0 1536716 AARON SATO SVP FINANCE/CFO 50.00 X 356358 0 40387 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR 40.00 X 368823 0 8831 JOHN MICHAEL WILLIAMS SVP INFORMATION TECHNOLOGY 50.00 X 327062 0 30164 BRYDEN CAIRNEY SVP LENDING 50.00 X 311898 0 35860 ADAM JONES SVP MEMBER EXPERIENCE 50.00 X 284229 0 48221 GLENN GORTNEY SVP BRAND LOYALTY 50.00 X 280219 0 36387 DAWN CHUTE SVP HUMAN RESOURCES 50.00 X 244750 0 46248 ROBYN GAENZ AVP FINANCIAL REPORTING 40.00 X 240059 0 26125 CAROL FRIEND DIRECTOR OF LENDING OPERATIONS & ADMIN 40.00 X 223604 0 19368 ANTHONY VITALE SVP IT 50.00 X 222625 0 18847 JOHN MIX VP BUSINESS SERVICES 40.00 X 204357 0 33763 JOHN BASALLA SVP AUDIT/CRO 50.00 X 192995 0 42697 MICHAEL KADEL VP RETAIL EXPERIENCE 40.00 X 192249 0 22262 RASHIDA RENCHER MORTGAGE LOAN CONSULTANT 40.00 X 194333 0 19846 ADA CARTER MORTGAGE LOAN PROCESSING LEAD 40.00 X 185758 0 19988 DEANNE MIRANDA VP CONSUMER LENDING 40.00 X 167458 0 13473 KEITH MECHELL AVP PMO 40.00 X 163163 0 17234 THU NGUYEN VP CONTROLLER 40.00 X 162664 0 14327 JOHN E SWEENEY CHAIR 4.00 X X 0 0 0 ROBERT OLSON VICE CHAIR 4.00 X X 0 0 0 BRIDGET O'ROURKE PAST VICE CHAIR (LEFT 10/20) 4.00 X X 0 0 0 BROOK BAKER SECRETARY 2.00 X X 0 0 0 KIM WEISS DIRECTOR 2.00 X 0 0 0 ROBERT CAPPA DIRECTOR 2.00 X 0 0 0 ANTHONY DILUZIO DIRECTOR 2.00 X 0 0 0 ETTORE LEALE DIRECTOR 2.00 X 0 0 0 5104952 0 2030744 53 0 1 0 XTERRA SOLUTIONS INC 311 CALIFORNIA ST SUITE 300 SAN FRANCISCO CA 94104 SOFTWARE AND CONSULTING 1404880 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 ONLINE BANKING 708363 C C INC 1011 WESTERN AVE STE 702 SEATTLE WA 98104 SOFTWARE AND CONSULTING 618703 AMERICAN SHARE INSURANCE 5656 FRANTZ RD DUBLIN OH 43017 SHARES INSURANCE 592390 C&R BUILDING SVCS INC 101A HICKEY BLVD 176 SOUTH SAN FRANCISCO CA 94080 BUILDING MAINTENANCE SERVICES 471506 37 INTEREST ON LOANS 522100 43579882 43579882 MORTGAGE LOAN SALES 522100 6579490 6579490 INTERCHANGE INCOME 522100 4865285 4865285 FEE INCOME 522100 2982824 2972121 10703 CUSO INCOME 522100 748563 724960 23603 392750 178154 214596 59148794 3194518 3194518 43700560 42718725 981835 981835 981835 63325147 58899892 248902 4176353 4706854 5891536 17900909 474619 2963037 1664202 156852 332770 7247 2179700 1076488 2354001 3549999 2759590 55121 41 1844459 367229 PROVISION FOR LOAN LOSS 4293726 CREDIT CARD EXPENSES 2767679 LOAN SERVICING 1752278 MAINTENANCE 1197380 2320511 60616228 1666671 4263950 62099341 286105197 1116565 688297 5263782 11531290 1111765694 994166465 2297453 1693284 25865483 9401121 17037610 16464362 162006319 273160265 10656467 11338234 22420379 52714177 1396330281 1652125521 8646395 10464185 2143661 1535372 1257417043 1506945160 1268207099 1518944717 X 0 0 0 0 128123182 133180804 128123182 133180804 1396330281 1652125521 2708919 2348703 0 X 0 0 0 7247 7247 7247 1 CALIFORNIA CREDIT UNION LEAGUE PO BOX 51476 ONTARIO CA 917610076 952626042 7247 PART I-A, LINE 1: PAC PAYMENT TO CALIFORNIA CREDIT UNION LEAGUE 0 1 X 3091390 3091390 9198571 3079407 6119164 3999499 2708865 1290634 6620947 3418133 3202814 2955076 194716 2760360 16464362 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1506945160 1506945160 PART IV, LINE 2B: THESE ARE CASH DEPOSITS MADE BY MORTGAGE LOAN BORROWERS FOR THE PAYMENT OF PROPERTY TAXES AND INSURANCE PAYMENTS. X X 1 1 X X X 0 1 0 KATHY DUVALL PRESIDENT & CEO 553708 0 118152 0 110488 0 1511400 0 25316 0 2319064 0 0 0 AARON SATO SVP FINANCE/CFO 305254 0 48979 0 2125 0 30900 0 9487 0 396745 0 0 0 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR 60184 0 307564 0 1075 0 5028 0 3803 0 377654 0 0 0 JOHN MICHAEL WILLIAMS SVP INFORMATION TECHNOLOGY 276578 0 50234 0 250 0 23479 0 6685 0 357226 0 0 0 BRYDEN CAIRNEY SVP LENDING 266923 0 43750 0 1225 0 23619 0 12241 0 347758 0 0 0 ADAM JONES SVP MEMBER EXPERIENCE 241724 0 41080 0 1425 0 30824 0 17397 0 332450 0 0 0 GLENN GORTNEY SVP BRAND LOYALTY 237532 0 40362 0 2325 0 26468 0 9919 0 316606 0 0 0 DAWN CHUTE SVP HUMAN RESOURCES 210293 0 32632 0 1825 0 26980 0 19268 0 290998 0 0 0 ROBYN GAENZ AVP FINANCIAL REPORTING 239384 0 0 0 675 0 3837 0 22288 0 266184 0 0 0 CAROL FRIEND DIRECTOR OF LENDING OPERATIONS & ADM 198900 0 22955 0 1749 0 8885 0 10483 0 242972 0 0 0 ANTHONY VITALE SVP IT 221250 0 0 0 1375 0 6520 0 12327 0 241472 0 0 0 JOHN MIX VP BUSINESS SERVICES 187385 0 15572 0 1400 0 8129 0 25634 0 238120 0 0 0 JOHN BASALLA SVP AUDIT/CRO 164087 0 27083 0 1825 0 27175 0 15522 0 235692 0 0 0 MICHAEL KADEL VP RETAIL EXPERIENCE 176169 0 14980 0 1100 0 4299 0 17963 0 214511 0 0 0 RASHIDA RENCHER MORTGAGE LOAN CONSULTANT 106518 0 86765 0 1050 0 6464 0 13382 0 214179 0 0 0 ADA CARTER MORTGAGE LOAN PROCESSING LEAD 160509 0 24624 0 625 0 4077 0 15911 0 205746 0 0 0 DEANNE MIRANDA VP CONSUMER LENDING 154946 0 11387 0 1125 0 4905 0 8568 0 180931 0 0 0 KEITH MECHELL AVP PMO 152699 0 9339 0 1125 0 6482 0 10752 0 180397 0 0 0 THU NGUYEN VP CONTROLLER 161539 0 0 0 1125 0 5277 0 9050 0 176991 0 0 0 PART I, LINE 1A THE CREDIT UNION REIMBURSES TRAVEL EXPENSES FOR COMPANIONS TRAVELING TO THE BOARD OFF-SITE ANNUAL PLANNING CONFERENCES. PART I, LINE 4B THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN (457(F)) FOR THE PRESIDENT/CEO. UNDER THE TERMS OF THE PLAN, THE PARTICIPANT IS ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. THE FOLLOWING ARE CONTRIBUTIONS THE CREDIT UNION MADE TO THE 457(F) PLAN AS OF DECEMBER 31, 2020. THERE WERE NO DISTRIBUTIONS MADE FROM THIS PLAN AS OF DECEMBER 31, 2020. KATHY DUVALL - $1,500,000 AARON SATO SVP FINANCE/CFO AUTO X 27862 25974 0 0 1 AARON SATO SVP FINANCE/CFO MORTGAGE X 650500 641882 0 0 1 ADAM JONES SVP MEMBER EXPERIENCE MORTGAGE X 1104000 1039354 0 1 1 ADAM JONES SVP MEMBER EXPERIENCE HELOC X 138000 136943 0 0 1 ANTHONY DILUZIO BOARD MEMBER MORTGAGE X 417000 360099 0 0 1 ANTHONY DILUZIO BOARD MEMBER MORTGAGE X 1500000 1361973 0 0 1 ANTHONY DILUZIO BOARD MEMBER MORTGAGE X 1000000 964394 0 0 1 ANTHONY DILUZIO BOARD MEMBER MORTGAGE X 730000 704008 0 0 1 ANTHONY DILUZIO BOARD MEMBER VISA BUSINESS X 50000 241 0 0 1 ANTHONY VITALE SVP IT MORTGAGE X 1160000 1160000 0 0 1 BROOK BAKER BOARD MEMBER VISA X 30000 12458 0 0 1 BROOK BAKER BOARD MEMBER VISA X 3000 128 0 0 1 CARTER ADA MORTGAGE LOAN PROCESSING LEAD VISA X 37 37 0 0 1 CARTER ADA MORTGAGE LOAN PROCESSING LEAD SIGNATURE X 15000 12586 0 0 1 DAWN CHUTE SVP OF HUMAN RESOURCES MORTGAGE X 656500 648308 0 0 1 GLENN GORTNEY SVP BRAND LOYALTY MORTGAGE X 560000 550600 0 1 1 JOHN E SWEENEY BOARD MEMBER VISA GOLD X 30000 7494 0 0 1 JOHN E SWEENEY BOARD MEMBER MORTGAGE X 320000 318285 0 0 1 JOHN MIX VP BUSINESS SERVICES MORTGAGE X 255000 255000 0 0 1 JOHN MIX VP BUSINESS SERVICES AUTO X 21417 10709 0 0 1 KATHERINE DUVALL PRESIDENT & CEO PRIME HELOC X 400000 333333 0 0 1 KATHERINE DUVALL PRESIDENT & CEO MORTGAGE X 1815500 1787972 0 1 1 KIM WEISS BOARD MEMBER PRIME HELOC X 110000 71000 0 0 1 MICHAEL KADEL VP RETAIL EXPERIENCE HELOC X 250000 249600 0 0 1 MIRANDA DEANNE VP CONSUMER LENDING VISA X 19874 17200 0 0 1 MIRANDA DEANNE VP CONSUMER LENDING AUTO X 10000 8677 0 0 1 NGUYEN THU VP CONTROLLER AUTO X 52901 49507 0 0 1 RASHIDA RENCHER MORTGAGE LOAN CONSULTANT PRIME HELOC X 55000 55000 0 0 1 RASHIDA RENCHER MORTGAGE LOAN CONSULTANT MORTGAGE X 444000 432016 0 0 1 ROBERT CAPPA BOARD MEMBER VISA PLATINUM X 10000 2268 0 0 1 ROBERT OLSON BOARD MEMBER VISA PLATINUM X 15000 7790 0 0 1 ROBERT OLSON BOARD MEMBER VISA PLATINUM X 25000 17963 0 0 1 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR MORTGAGE X 295000 287500 0 0 1 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR VISA X 991 991 0 0 1 11531290 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF FIREFIGHTERS, FAMILY MEMBERS OF FIREFIGHTERS, SAN FRANCISCO FIRE DEPARTMENT HISTORICAL MEMBERS, AND THOSE WHO SUPPORT FIREFIGHTERS AND LIVE, WORK, OR ATTEND SCHOOL IN THE CITY OR COUNTY OF SAN FRANCISCO, SAN MATEO COUNTY, AND MARIN COUNTY. FORM 990, PART VI, SECTION A, LINE 7A SAN FRANCISCO FIRE CREDIT UNION IS OWNED BY ITS MEMBERS. EACH MEMBER CAN CAST ONE VOTE IN THE ANNUAL ELECTION OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE PERSONS COVERED UNDER THE CONFLICT OF INTEREST POLICY INCLUDES EMPLOYEES, OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AGENTS AND ATTORNEYS OF THE SF FIRE CREDIT UNION ARE HEREIN REFERRED TO AS "OFFICIALS" FOR THE PURPOSE OF THE CODE OF CONDUCT POLICY. THE EMPLOYEE HANDBOOK STATES EMPLOYEES ARE EXPECTED TO NOTIFY THE CREDIT UNION IF A CONFLICT OF INTEREST EXISTS AND AN EMPLOYEE MAY BE DISMISSED UNDER CERTAIN CIRCUMSTANCES SURROUNDING A CONFLICT OF INTEREST. THE EMPLOYEE HANDBOOK IS REVIEWED BY EMPLOYEES ANNUALLY AND ACKNOWLEDGED. HUMAN RESOURCES OBTAINS THE ANNUAL ACKNOWLEDGMENT. THE BOARD ANNUAL POLICY ADDRESSES THIS FOR BOARD MEMBERS AND EACH BOARD MEMBER IS TO ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AS WELL. THE BOARD OF DIRECTORS REGULATES THE ETHICAL AS WELL AS MORAL CONDUCT OF THIS CREDIT UNION'S OFFICIALS AS THAT CONDUCT RELATES TO ANY BUSINESS OR TRANSACTION OF THE CREDIT UNION. IN THE EVENT THERE IS ANY QUESTION AS TO THE PROPRIETY OF ANY ACTION OR CONDUCT BY A CREDIT UNION OFFICIAL, THAT OFFICIAL SHALL HAVE THE DUTY TO REPORT SUCH ACTIVITY TO THE BOARD, OR INQUIRE WHETHER SUCH ACTIVITY IS PERMISSIBLE. EACH CREDIT UNION OFFICIAL HAS A DUTY TO NOTIFY AND INQUIRE OF THE BOARD OF DIRECTORS IN WRITING UNDER SUCH CIRCUMSTANCES. MINISTERIAL MATTERS MAY BE VERBALLY ADDRESSED TO THE PRESIDENT/CEO OF THE CREDIT UNION, UNLESS OTHERWISE DIRECTED TO BE IN WRITING. THE PRESIDENT/CEO OR HIS/HER DESIGNEE MAINTAINS ACCURATE FILES AND RECORDS OF ALL REPORTS AND DISCLOSURES REQUIRED BY THIS CODE OF CONDUCT. IN ADDITION, THE PRESIDENT/CEO IS RESPONSIBLE FOR MAINTAINING COMPLIANCE WITH THIS CODE. SHOULD THERE BE A CONFLICT, THE PERSON(S) WILL BE EXCLUDED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY MEMBERS OF THE BOARD OF DIRECTORS THROUGH REVIEW OF COMPENSATION SURVEYS AND OTHER APPLICABLE DATA SPECIFIC TO CREDIT UNIONS. EMPLOYMENT CONTRACTS AND COMPENSATION REVIEW AND APPROVAL PROCESS ARE DOCUMENTED IN HUMAN RESOURCES IN THE EMPLOYEE'S PERSONNEL FILES. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AND IS BASED ON APPLICABLE COMPENSATION SURVEYS AND MARKET DATA. EMPLOYMENT CONTRACTS AND COMPENSATION REVIEW AND APPROVAL PROCESS ARE DOCUMENTED IN HUMAN RESOURCES IN THE EMPLOYEE'S PERSONNEL FILES. THIS PROCESS WAS COMPLETED DURING 2020. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS CONFLICT OF INTEREST POLICY AND GOVERNMING DOCUMENT'S AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC.