2025-09-22T19:15:46-05:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 951682200 ARROWHEAD CENTRAL CREDIT UNION ARRO 9093796897 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 TONY SAWAYA SVP/CFO 9093796897 2025-09-19 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z DARIN WOINAROWICZ 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 148222524 0 X WWW.ARROWHEADCU.ORG X CREDIT UNION 1949 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 578 13 946505 0 0 0 106795492 122164668 13197756 25781349 317935 276507 120311183 148222524 185749 276349 0 0 44820359 51249336 0 0 0 66317657 73154394 111323765 124680079 8987418 23542445 2418003905 2472833903 2183277312 2192082991 234726593 280750912 X 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, ARROWHEAD CENTRAL 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 FINANCIAL SERVICES TO SOUTHERN CALIFORNIA AND CERTAIN PARTS OF NEVADA AND ARIZONA - AT DECEMBER 31, 2024 WE HAD 219,167 MEMBERS - 95,526 LOANS, AND 312,178 SHARE ACCOUNTS. 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 0 1 1 0 0 1 34884 0 1 578 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X TONY SAWAYA SVPCFO 9093796897 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 THOMAS POTTER BOARD CHAIRMAN 2.00 0.00 X 3373 0 0 JOHN MCCORMACK BOARD VICE CHAIRMAN 2.00 0.00 X 1339 0 0 DAN HYNES BOARD SECRETARY 2.00 0.00 X 0 0 0 PATRICIA COLE BOARD TREASURER 2.00 0.00 X 0 0 0 BETH BOCKENHAUER BOARD MEMBER 2.00 0.00 X 1375 0 0 CATHLEEN FARRAR BOARD MEMBER 2.00 0.00 X 0 0 0 JAMES HALE BOARD MEMBER 2.00 0.00 X 0 0 0 TIM MCHARGUE BOARD MEMBER 2.00 0.00 X 0 0 0 WAYNE THIES BOARD MEMBER 2.00 0.00 X 0 0 0 SHERRY KENDRICK BOARD MEMBER 2.00 0.00 X 0 0 0 ART GOMEZ BOARD MEMBER 2.00 0.00 X 0 0 0 DARIN WOINAROWICZ PRESIDENT/CEO 40.00 X 1873268 0 115043 ROBERTO MARTINEZ EVP COO 40.00 X 565140 0 39164 TANIOS SAWAYA SVP CFO 40.00 X 494889 0 47179 WILLIAM WAGNER SVP CLO 40.00 X 431803 0 45549 VAUGHN BOOK SVP CIO 40.00 X 419716 0 39671 BRUCE PEARSON EVP CHIEF LEGAL COUNSEL 40.00 X 413794 0 47196 ANN WADAGNOLO SVP CRO 40.00 X 364491 0 22940 RYAN WELLER SVP CPO 40.00 X 313101 0 38137 ANTONIO BECERRA VP CONTACT CENTER 40.00 X 232887 0 39633 DAVID FISHER VP MEMBER EXPERIENCE 40.00 X 231319 0 21287 RAYMOND HOWARD VP TECHNOLOGY 40.00 X 223560 0 35105 CHRISTOPHER ANDERSON VP MARKETING 40.00 X 216893 0 9212 TRACY MADSEN VP CONTROLLER 40.00 X 216397 0 9272 6003345 0 509388 81 0 1 0 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY PLANO TX 75024 FINANCIAL SERVICES 2297453 JACK HENRY & ASSOCIATES INC 663 W HWY 60 MONETT MO 65708 FINANCIAL TECHNOLOGY 2067703 ADVANCED NETWORK INC 8940 ACTIVITY ROAD SUITE F SAN DIEGO CA 92126 ATM MAINTENANCE/SERVICES 1904934 LOOMIS HOLDING US INC DEPT 0757 PO BOX 120001 DALLAS TX 75312 CASH & COIN SERVICE FOR ATM'S 1668411 PALICON GROUP 6361 GARDEN HILLS WAY RIVERSIDE CA 92506 CONSULTING SERVICES 1480849 45 INTEREST ON LOANS 522100 89933652 89933652 INTERCHANGE INCOME 522100 14844564 14844564 FEE INCOME 522100 12329695 11639111 690584 OTHER OPERATING INCOME 522100 5056757 4800836 255921 122164668 25781349 25781349 20000 0 20000 20000 20000 GAIN FROM BARGAIN PURC 522100 101841 101841 GAIN ON SALE OF REPOSS 522100 94224 94224 OTHER INCOME 522100 36659 36659 23783 23783 256507 148222524 147276019 946505 0 276349 6003345 36941415 1610957 3730876 2962743 112135 152621 637252 1342834 14256666 215926 3501065 278100 17000092 6936322 627237 CREDIT LOSS EXPENSE 16700023 MISCELLANEOUS OPERATING 7351720 LOAN SERVICING EXPENSE 3684239 OPERATING FEES 280375 77787 124680079 89544270 103010956 194087229 426351517 10260479 41957051 3558293 4253992 57607492 33901391 22156685 23706101 824324227 432334130 49398 1246762561 1379961189 440132 2319900 26870029 58889669 2418003905 2472833903 52095305 40584759 2131182007 2151498232 2183277312 2192082991 X 0 0 0 0 234726593 280750912 234726593 280750912 2418003905 2472833903 X 23542445 19984075 2497799 X X 0 1 X 1 0 21160 21160 21160 1 CCUL - PAC 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 91761 940357265 21160 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 4682728 4682728 18569424 6543895 12025529 8740397 5455968 3284429 20743854 17030439 3713415 4871089 4871089 0 23706101 ALL OTHER INVESTMENT 11420500 F NET LOANS TO MEMBERS 1345275587 F NCUA SHARE INSURANCE DEPOSIT 20657379 C PAID IN CAPITAL AT CORP 726081 C DEPOSITS IN COMMERCIAL BANKS 1881642 C 1379961189 MEMBERS' SHARE & SAVINGS ACCOUNTS 2151498232 2151498232 X 148144737 -77787 -77787 148222524 0 148222524 124602292 -77787 -77787 124680079 0 124680079 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 MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF REVENUE TO EXPENSE -77,787. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF REVENUE TO EXPENSE -77,787. 1 ARROWHEART FOUNDATION 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91729 463720925 501(C)(3) 148000 0 FMV TO ASSIST ARROWHEART FOUNDATION IN PROVIDING SCHOLARSHIPS. SAN BERNARDINO COUNTY 268 W HOSPITALITY LN SAN BERNARDINO CA 924150013 956002748 0 46275 FMV VEHICLE TO SUPPORT THE FIRE DISTRICT IN ENHANCING THE OPERATIONS OF THE COMMUNITY OUTREACH AND SUPPORT TEAM (COAST) PROGRAM. RANCHO CUCAMONGA FIRE DEPARTMENT 10500 CIVIC CENTER DR RANCHO CUCAMONGA CA 91730 0 38914 FMV VEHICLE TO SUPPORT THE FIRE DISTRICT IN ENHANCING THE OPERATIONS OF THE COMMUNITY OUTREACH AND SUPPORT TEAM (COAST) PROGRAM. RONALD MCDONALD HOUSE 11365 ANDERSON STREET LOMA LINDA CA 92354 953167869 501(C)(3) 20000 0 FMV TO HELP FAMILIES STAY CLOSE TO THEIR CHILD WHEN THEY NEED TREATMENT FOR A SERIOUS MEDICAL CONDITION 2 2 X X 1 1 X X 0 1 0 DARIN WOINAROWICZ PRESIDENT/CEO 1361149 0 421936 0 90183 0 81453 0 33590 0 1988311 0 0 0 ROBERTO MARTINEZ EVP COO 468890 0 58693 0 37557 0 5278 0 33886 0 604304 0 0 0 TANIOS SAWAYA SVP CFO 388514 0 49039 0 57336 0 13800 0 33379 0 542068 0 0 0 WILLIAM WAGNER SVP CLO 354200 0 45269 0 32334 0 13800 0 31749 0 477352 0 0 0 VAUGHN BOOK SVP CIO 339233 0 41479 0 39004 0 13800 0 25871 0 459387 0 0 0 BRUCE PEARSON EVP CHIEF LEGAL COUNSEL 367953 0 29762 0 16079 0 13800 0 33396 0 460990 0 0 0 ANN WADAGNOLO SVP CRO 279181 0 70964 0 14346 0 13583 0 9357 0 387431 0 0 0 RYAN WELLER SVP CPO 264105 0 34750 0 14246 0 12404 0 25733 0 351238 0 0 0 ANTONIO BECERRA VP CONTACT CENTER 198572 0 33692 0 623 0 6506 0 33127 0 272520 0 0 0 DAVID FISHER VP MEMBER EXPERIENCE 208886 0 19486 0 2947 0 9244 0 12043 0 252606 0 0 0 RAYMOND HOWARD VP TECHNOLOGY 181437 0 34098 0 8025 0 9210 0 25895 0 258665 0 0 0 CHRISTOPHER ANDERSON VP MARKETING 198039 0 18440 0 414 0 8505 0 707 0 226105 0 0 0 TRACY MADSEN VP CONTROLLER 183066 0 17334 0 15997 0 8618 0 654 0 225669 0 0 0 PART I, LINE 4B THERE IS A SUPPLEMENTAL RETIREMENT PLAN FOR THE CEO. THE CREDIT UNION OWNS THE ASSETS IN THE PLAN AND THE FIRST VESTING DATE IS IN 2021. THE SECOND VESTING DATE IS IN 2031. THE CREDIT UNION PROVIDES SPLIT DOLLAR LIFE INSURANCE ARRANGEMENTS FOR THE FOLLOWING CURRENT EXECUTIVE: DARIN WOINAROWICZ,BRUCE PEARSON,ROBERT MARTINEZ,WILLIAM WAGNER,VAUGHN BOOK AND RYAN WELLER. DARIN WOINAROWICZ OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 10000000 12006116 0 1 1 BRUCE PEARSON OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 3500000 3628752 0 1 1 ROBERT MARTINEZ OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 7300000 7362143 0 1 1 WILLIAM WAGNER OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 4700000 4740010 0 1 1 VAUGHN BOOK OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 10900000 10992789 0 1 1 RYAN WELLER OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 3200000 3227241 0 1 1 41957051 FORM 990, PART VI THE CREDIT UNION MERGED WITH BOURNS EMPLOYEES FEDERAL CREDIT UNION ON OCTOBER 1, 2024 AND VALLEY HILLS FEDERAL CREDIT UNION ON NOVEMBER 1, 2024. THE MERGING CREDIT UNIONS TERMINATED THEIR CHARTERS ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 6 ARROWHEAD CENTRAL 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. ARROWHEAD CENTRAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF ARROWHEAD CENTRAL 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 RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO THE ORGANIZATION'S CFO FOR HIS REVIEW. THE CFO PRESENTS ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL PRESENTS THE RETURN TO THE BOARD OF DIRECTORS AND SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THE ORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDIUAL(S). FORM 990, PART VI, SECTION B, LINE 12C FOR DIRECTORS, THE VOLUNTEER CODE OF PERSONAL AND BUSINESS CONDUCT (POLICY 1.16) (12 PAGES) REQUIRES ANNUAL, AT A MINIMUM, WRITTEN ACKNOWLEDGEMENT AND DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. FOR OFFICERS AND KEY EMPLOYEES, THE EMPLOYEE HANDBOOK, GENERAL POLICIES, CODE OF PERSONAL AND BUSINESS CONDUCT (13 PAGES) REQUIRES DISCLOSURE OF OUTSIDE INTERESTS WHENEVER AN ACTIVITY MAY BE CONTRARY TO THE BEST INTEREST OF THE CREDIT UNION. ALL EMPLOYEES ARE REQUIRED TO SIGN A WRITTEN ACKNOWLEDGEMENT OF THE RECEIPT OF THE CODE OF PERSONAL AND BUSINESS CONDUCT AND OF ANY SUBSEQUENT CHANGES THERETO. VIOLATIONS MAY SUBJECT THE EMPLOYEE TO DISCIPLINARY MEASURES, UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE COMPENSATION FOR THE CEO. THE CEO APPROVES THE COMPENSATION FOR THE EXECUTIVES. MARKET DATA IS USED TO DETERMINE COMPENSATION COMPARABILITY AMONG THE EXECUTIVES' SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE NCUA 5300 CALL REPORT IS AVAILABLE TO THE PUBLIC ON THE NCUA WEBSITE. THE CREDIT UNION'S FINANCIALS ARE POSTED AT EACH BRANCH LOCATION. ANY MEMBER MAY REQUEST TO SEE BOARD MEETING MINUTES. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY ACQUIRED IN MERGER 2,497,799. CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. ARROWHEART FOUNDATION 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 463720925 CHARITY FUND CA 501(C)(3) LINE 7 ARROWHEAD CENTRAL CREDIT UNION 0 ARROWHEAD FINANCIAL GROUP INC 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 330082959 INSURANCE CA ARROWHEAD CENTRAL CREDIT UNION C 9008 425534 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ARROWHEART FOUNDATION B 148000 FMV ARROWHEAD FINANCIAL GROUP INC Q AMOUNT BELOW THRESHOLD