2020-11-16T13:26:47-06:00 2019-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2019-01-01 941243656 EXCITE CREDIT UNION (FKA ALLIANCE CREDIT UNION) EXCI 4082657322 3315 ALMADEN EXPRESSWAY NO 55 SAN JOSE CA 951181557 BRIAN DORCY PRESIDENT/CEO 4082657322 2020-11-10 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2020-11-10 10:15:09 PS P CEFC9F3E0A6DCC685B364005133C18EB560DB533 048EE652F0479155537D3ADFC76134B616B923FF 2019 2021-04-22 16:20:28Z BRIAN DORCY 3315 ALMADEN EXPRESSWAY NO 55 SAN JOSE CA 951181557 43916362 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 9 151 14 148534 0 0 0 24788034 26231780 426397 12092380 432995 386571 25647426 38710731 143925 191555 0 0 9597041 9864486 0 0 0 14009338 16165521 23750304 26221562 1897122 12489169 483294809 513820756 445563452 463517028 37731357 50303728 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 1 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 18620 0 1 151 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 356993 0 24722 DEBORAH SUNDERMAN EVP 40.00 X 227984 0 32350 KEVIN ALSUP SVP 40.00 X 202261 0 18325 TARUNA BAJAJ VP MARKETING 40.00 X 156531 0 19072 VERONICA RODRIGUEZ VP HUMAN RESOURCES 40.00 X 150134 0 32780 PAM VEGAS VP OPERATIONS 40.00 X 146632 0 15681 TIM FURLONG VP FINANCE 40.00 X 139300 0 35680 1379835 0 178610 16 0 1 0 PSCU FINANCIAL SERVICES INC 560 CARILLON PARKWAY PETERSBURG FL 33716 FINANCIAL SERVICES 575872 NCR CORPORATION 864 SPRING ST NW ATLANTA GA 30308 TECHNOLOGY 500433 SAN JOSE GIANTS PO BOX 21727 SAN JOSE CA 95151 MARKETING 427896 INFOIMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT VENDOR 425243 VISA USA INC ONE MARKET PLAZA SAN FRANSISCO CA 94105 TECHNOLOGY 406172 24 INTEREST ON LOANS 522100 19084828 19084828 OTHER OPERATING INCOME 522100 3841074 3734698 106376 FEE INCOME 522100 3305878 3263720 42158 26231780 798011 798011 16500000 5205631 11294369 11294369 11294369 OTHER NON-OPERATING INCOME 522100 386571 386571 386571 38710731 38562197 148534 0 191555 1379835 6599026 328141 894073 663411 105258 217339 899390 1130594 2675435 1632024 1167263 398692 2391219 1342383 51468 PROV FOR LOAN LOSSES 3028668 LOAN SERVICING 925260 MISC. OPERATING EXPENSE 142732 OPERATING FEES 57796 26221562 5409606 6782668 18736168 37153127 1605165 1597846 1650137 2012841 16996225 7849232 13681381 9146993 8289098 20549908 429893536 431953287 4635 4635 4025083 4619451 483294809 513820756 2823937 3110498 442739515 460406530 445563452 463517028 X 0 0 0 0 37731357 50303728 37731357 50303728 483294809 513820756 X 12489169 83201 1 X X 0 1 X 1 0 3000 3000 3000 1 CCUL-PAC 1201 K STREET 1050 SACRAMENTO CA 95814 940357265 3000 2043248 2043248 7240231 4024056 3216175 330698 226432 104266 7382048 3598744 3783304 9146993 ALL OTHER INVESTMENTS 1504200 F NET LOANS & LEASES 426243282 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 4199573 C PAID IN CAPITAL AT CORP 6232 C 431953287 TOTAL SHARES & DEPOSITS 450406530 OTHER NOTES AND INTEREST PAYABLE 10000000 460406530 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, 2019, 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 PIVOTAL CONNECTIONS 75 E SANTA CLARA STREET SUITE 1450 SAN JOSE CA 95113 770166138 501(C)(3) 20000 FMV TO HELP YOUNG PEOPLE IN AND FROM FOSTER CARE REALIZE THEIR EDUCATIONAL AND CAREER GOALS BY ENSURING EQUITABLE ACCESS TO OPPORTUNITY. CHRISTMAS IN THE PARK 171 BRANHAM LN 10-234 SAN JOSE CA 95113 770046955 501(C)(3) 17500 FMV PROVIDE FINANCIAL SUPPORT FOR A FREE COMMUNITY HOLIDAY TRADITION 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 SAN JOSE CHAMBER OF COMMERCE COMMUNITY COMMUNITY BENEFIT FOUNDATION SAN JOSE CA 95113 770351510 501(C)(3) 10000 FMV PROVIDE EDUCATION AND LEADERSHIP TRAINING/DEVELOPMENT FOR THE BENEFIT OF THE GREATER SAN JOSE COMMUNITY SILICON VALLEY BUSINESS JOURNAL 50 WEST SAN FERNANDO ST STE 425 SAN JOSE CA 95113 9800 FMV PROVIDE THE LATEST BREAKING BUSINESS NEWS, UPDATES THROUGHOUT THE DAY AND THE WEEK'S TOP STORIES FROM THE SILICON VALLEY. UNIVERSITY OF NORTH CAROLINA WILMINGTON 601 S COLLEGE RD 5990 WILMINGTON CA 28403 9963 FMV TO PROVIDE FINANCIAL SUPPORT TO FURTHER EDUCATIONAL PROGRAMS. ENCORE NATIONWIDE INC 2447 PACIFIC COAST HIGHWAY 2ND FL 261 HERMOSA BEACH CA 90254 7223 FMV WE ARE A DIVERSE AND FUN-LOVING GROUP OF EVENT JUNKIES COMMITTED TO SECURING THE BEST TALENT AND RESOURCES TO ENSURE SUCCESSFUL ACTIVATIONS. OUR GOAL IS TO MAKE OUR CLIENTS FEEL GOOD THROUGHOUT THE RECRUITMENT PROCESS AND LOOK GOOD IN THE FIELD. SILICON VALLEY LEADERSHIP GROUP 2001 GATEWAY PLACE SUITE 101 SAN JOSE CA 95110 770166138 501(C)(3) 5975 FMV IMPROVE THE QUALITY OF LIFE IN THE SILICON VALLEY REGION THROUGH THE PROVISION OF FUNDING FOR FOOD, CLOTHING, SHELTER, MEDICAL CARE, EDUCATION AND OTHER BASIC NECESSITIES OF LIFE EQ1 REAL ESTATE 1762 TECHNOLOGY DR 106 SAN JOSE CA 95110 5000 FMV WE ARE A LEADING-EDGE AGENCY WITH A SHARP UNDERSTANDING OF THE REAL ESTATE BUSINESS. WE ARE SETTING THE INDUSTRY STANDARDS BY PROVIDING THE HIGHEST QUALITY SERVICE, STATE-OF-THE-ART MARKETING, CREATIVITY, KNOWLEDGE, AND TECHNOLOGY THE CAROUSEL CENTER INC 1501 DOCK ST 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 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 7 4 X X 0 1 0 BRIAN DORCY CEO 295016 0 40500 0 21477 0 15750 0 8972 0 381715 0 0 0 DEBORAH SUNDERMAN EVP 207263 0 20250 0 471 0 10631 0 21719 0 260334 0 0 0 KEVIN ALSUP SVP 184307 0 17342 0 612 0 9673 0 8652 0 220586 0 0 0 TARUNA BAJAJ VP MARKETING 144401 0 11378 0 752 0 390 0 18682 0 175603 0 0 0 VERONICA RODRIGUEZ VP HUMAN RESOURCES 138452 0 11379 0 303 0 4547 0 28233 0 182914 0 0 0 PAM VEGAS VP OPERATIONS 134803 0 10063 0 1766 0 6988 0 8693 0 162313 0 0 0 TIM FURLONG VP FINANCE 128112 0 10741 0 447 0 7502 0 28178 0 174980 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). BRIAN DORCY OFFICER VISA X 20000 15 0 0 1 DEBORAH SUNDERMAN HCE VISA X 30000 11090 0 0 1 BARBARA ALUMBAUGH BOD HELOC X 45000 72255 0 1 1 VERONICA RODRIGUEZ HCE AUTO X 49664 42086 0 0 1 DEBORAH SUNDERMAN HCE MORTGAGE LOAN X 638000 636703 0 0 1 KEVIN ALSUP HCE MORTGAGE LOAN X 280330 258803 0 0 1 VERONICA RODRIGUEZ HCE MORTGAGE LOAN X 595000 576894 0 0 1 1597846 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 9: ROUNDING 1. 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 16011 96156 EXCITE CREDIT UNION