2020-11-03T11:03:06-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2019-01-01 941209440 SAN FRANCISCO FIRE CREDIT UNION SANF 4156744800 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 AARON SATO SVP FINANCE/CFO 4156744800 2020-10-21 1 MARY C GREEN P00447183 6022662248 2020-10-21 67.137.57.251 2020-10-21 11:14:57 MS P 94307BE716D664C10DC46CE445DCF2BF31E531AB 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2019 2021-04-22 16:20:28Z KATHY DUVALL 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 98688317 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 7 322 8 342842 7561 0 0 52295126 59200096 7286687 5057462 151166 293869 59732979 64551427 0 27500 2772648 4509225 20125115 26514339 0 0 0 25549180 24425852 48446943 55476916 11286036 9074511 1333085887 1396330281 1217190504 1268207099 115895383 128123182 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 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 22576 0 322 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 AARON SATO 4152661163 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 KATHY DUVALL PRESIDENT & CEO 50.00 X 710679 0 1542757 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR 40.00 X 544580 0 14530 JOHN MICHAEL WILLIAMS SVP INFORMATION TECHNOLOGY 50.00 X 332765 0 38658 AARON SATO SVP FINANCE/CFO 50.00 X 318512 0 37784 ADAM JONES SVP MEMBER EXPERIENCE 50.00 X 263730 0 43014 GLENN GORTNEY SVP BRAND LOYALTY 50.00 X 263134 0 33622 CAROL FRIEND DIRECTOR OF LENDING OPERATIONS & ADMIN 40.00 X 250648 0 19505 BRYDEN CAIRNEY SVP LENDING 50.00 X 250200 0 17105 DAWN CHUTE SVP HUMAN RESOURCES 50.00 X 194335 0 31395 JOHN MIX VP BUSINESS SERVICES 40.00 X 189106 0 32708 ROBERT PRICE PROCESS IMPROVEMENT/CORE PROJECT 40.00 X 180811 0 24964 SUNNY OLABODE VP CONTROLLER 40.00 X 178849 0 26876 JOHN BASALLA SVP AUDIT/CRO 50.00 X 179782 0 15464 MICHAEL KADEL VP RETAIL EXPERIENCE 40.00 X 163071 0 21164 KEITH MECHELL AVP PMO 40.00 X 150851 0 24037 MICHAEL LAM CORE BANKING SYSTEM MANAGER 40.00 X 147430 0 19373 JOHN E SWEENEY CHAIRMAN OF THE BOARD 4.00 X X 0 0 0 BRIDGET O'ROURKE VICE CHAIR 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 ROBERT OLSON DIRECTOR 2.00 X 0 0 0 MARLA SHEPHARD DIRECTOR (LEFT 06/19) 2.00 X 0 0 0 4318483 0 1942956 42 0 1 0 CORELATION INC 2305 HISTORIC DECATUR RD 300 SAN DIEGO CA 921066073 SOFTWARE AND CONSULTING 2072932 XTERRA SOLUTIONS INC 311 CALIFORNIA ST SUITE 300 SAN FRANCISCO CA 94104 SOFTWARE AND CONSULTING 1233160 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 ONLINE BANKING 966334 FINASTRA USA CORP PO BOX 535120 ATLANTA GA 303535120 DATABASE MANAGEMENT 628985 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 903126081 STATEMENTS PROCESSING 431761 37 INTEREST ON LOANS 522100 47466050 47466050 INTERCHANGE INCOME 522100 7259335 7259335 FEE INCOME 522110 3347875 3331012 16863 OTHER OPERATING INCOME 522110 812223 812223 INVESTMENT ADVISORY INCOME 522100 314613 314613 59200096 5194928 11366 5183562 33997862 1562 34136890 0 -139028 1562 -137466 -137466 OTHER INCOME 522100 293869 293869 293869 64551427 58868620 342842 5339965 X 27500 4509225 4884710 17415337 572576 2159403 1482313 169763 207018 6940 85333 179866 969474 6638145 5554847 1467699 182317 135193 90757 1384888 284034 CREDIT CARD EXPENSES 3301877 PROVISION FOR LOAN LOSS 1528407 LOAN SERVICING 1091847 MEMBER INSURANCE 353390 794057 55476916 1612355 1666671 56589297 62099341 2451694 1116565 4461180 5263782 991142305 1111765694 1245654 2297453 24489120 7451510 14242795 17037610 236353348 162006319 2343034 10656467 22644225 22420379 1333085887 1396330281 3018739 8646395 2323220 2143661 1211848545 1257417043 1217190504 1268207099 X 0 0 0 0 115895383 128123182 115895383 128123182 1333085887 1396330281 9074511 3153288 0 X 0 0 0 6940 6940 6940 1 CALIFORNIA CREDIT UNION LEAGUE PO BOX 51476 ONTARIO CA 917610076 952626042 6940 0 PART I-A, LINE 1: PAC PAYMENT TO CALIFORNIA CREDIT UNION LEAGUE 0 1 X 3091390 3091390 9198571 2851293 6347278 3999499 2614087 1385412 3632186 1314232 2317954 4567474 671898 3895576 17037610 SHARE CERTIFICATES 206213087 SHARE DRAFTS 351070526 IRA SHARES 12766372 IRA CERTIFICATES 21448808 REGULAR SHARES 127582856 TIERED SAVINGS SHARES 534401148 OTHER MEMBER SHARES 3934246 1257417043 PART IV, LINE 2B: THESE ARE CASH DEPOSITS MADE BY MORTGAGE LOAN BORROWERS FOR THE PAYMENT OF PROPERTY TAXES AND INSURANCE PAYMENTS. 1 SF FIREFIGHTERS CANCER PREVENTION FOUNDATION 1139 MISSION ST SAN FRANCISCO CA 94103 562608686 501(C)(3) 10000 UNRESTRICTED DONATION CALIFORNIA FIREMANS ATHLETIC ASSOCIATION 54 LOMA VISTA DRIVE BURLINGAME CA 94010 942494172 501(C)(3) 7500 UNRESTRICTED DONATION SF FIREFIGHTERS STAIR CLIMB 700 MONTGOMERY STREET SAN FRANCISCO CA 94111 823266569 501(C)(3) 10000 SPONSORSHIP 3 0 PART I, LINE 2: THE CREDIT UNION DOES NOT MONITOR THE USE OF GRANT FUNDS. X X 1 1 X X X 0 1 0 KATHY DUVALL PRESIDENT & CEO 530699 0 125853 0 54127 0 1511683 0 31074 0 2253436 0 0 0 STEPHEN SEEWER FINANCIAL SERVICE ADVISOR 57410 0 486520 0 650 0 5454 0 9076 0 559110 0 0 0 JOHN MICHAEL WILLIAMS SVP INFORMATION TECHNOLOGY 290077 0 42038 0 650 0 29095 0 9563 0 371423 0 0 0 AARON SATO SVP FINANCE/CFO 275903 0 40759 0 1850 0 29635 0 8149 0 356296 0 0 0 ADAM JONES SVP MEMBER EXPERIENCE 228721 0 34359 0 650 0 27814 0 15200 0 306744 0 0 0 GLENN GORTNEY SVP BRAND LOYALTY 228067 0 33217 0 1850 0 25474 0 8148 0 296756 0 0 0 CAROL FRIEND DIRECTOR OF LENDING OPERATIONS & ADM 249986 0 0 0 662 0 10141 0 9364 0 270153 0 0 0 BRYDEN CAIRNEY SVP LENDING 250000 0 0 0 200 0 9232 0 7873 0 267305 0 0 0 DAWN CHUTE SVP HUMAN RESOURCES 165655 0 26930 0 1750 0 15203 0 16192 0 225730 0 0 0 JOHN MIX VP BUSINESS SERVICES 175056 0 13125 0 925 0 7748 0 24960 0 221814 0 0 0 ROBERT PRICE PROCESS IMPROVEMENT/CORE PROJECT 170111 0 10200 0 500 0 5993 0 18971 0 205775 0 0 0 SUNNY OLABODE VP CONTROLLER 169176 0 9023 0 650 0 5675 0 21201 0 205725 0 0 0 JOHN BASALLA SVP AUDIT/CRO 156297 0 21635 0 1850 0 14804 0 660 0 195246 0 0 0 MICHAEL KADEL VP RETAIL EXPERIENCE 162421 0 0 0 650 0 4823 0 16341 0 184235 0 0 0 KEITH MECHELL AVP PMO 144373 0 5828 0 650 0 6094 0 17943 0 174888 0 0 0 MICHAEL LAM CORE BANKING SYSTEM MANAGER 139555 0 7550 0 325 0 4448 0 14925 0 166803 0 0 0 PART I, LINE 1A THE CREDIT UNION REIMBURSES TRAVEL EXPENSES FOR COMPANIONS TRAVELING TO THE BOARD OFF-SITE ANNUAL PLANNING CONFERENCES. SCHEDULE J, PART I, LINE 4B THE FOLLOWING ARE CONTRIBUTIONS THE CREDIT UNION MADE TO THE 457 F PLAN AS OF DECEMBER 31, 2019. THERE WERE NO DISTRIBUTIONS MADE FROM THIS PLAN AS OF DECEMBER 31, 2019. KATHY DUVALL - $1,500,000 KATHERINE DUVALL PRESIDENT & CEO MORTGAGE X 1920000 1808094 0 1 1 KATHERINE DUVALL PRESIDENT & CEO AUTO X 39077 27126 0 0 1 KATHERINE DUVALL PRESIDENT & CEO HELOC X 400000 400000 0 0 1 GLENN GORTNEY SVP BRAND LOYALTY MORTGAGE X 644000 563500 0 1 1 GLENN GORTNEY SVP BRAND LOYALTY HELOC X 35300 33000 0 0 1 ADAM JONES SVP MEMBER EXPERIENCE MORTGAGE X 1104000 1064170 0 1 1 ADAM JONES SVP MEMBER EXPERIENCE HELOC X 138000 136943 0 0 1 JOHN MIX VP BUSINESS SERVICES AUTO X 21417 14942 0 0 1 JOHN MICHAEL WILLIAMS SVP INFORMATION TECHNOLOGY HELOC X 290000 290000 0 0 1 MICHAEL KADEL VP RETAIL EXPERIENCE HELOC X 250000 249500 0 0 1 AARON SATO SVP FINANCE/CFO MORTGAGE X 650500 642390 0 0 1 AARON SATO SVP FINANCE/CFO AUTO X 39032 34117 0 0 1 5263782 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. 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. FORM 990, PART IX, LINE 24E MEMBER COMMUNICATION 268,279. MISCELLANEOUS EXPENSES 218,635. ANNUAL ASSESSMENT 155,101. DUES AND FEES 152,042.