2025-11-13T08:04:20-06:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 953442691 PREMIER AMERICA CREDIT UNION PREM 8187724011 19867 PRAIRIE STREET CHATSWORTH CA 91311 RICHARD PIMENTEL CHIEF FINANCIAL OFFICER 8187724011 2025-11-10 1 0 JENIFER L CHASE P01306883 5638884000 2025-11-10 2024 2025-03-06 01:10:19Z RODOLFO J PEREIRA 19867 PRAIRIE STREET CHATSWORTH CA 91311 174300204 0 1526 X WWW.PREMIERAMERICA.COM X 1957 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST ITS MEMBERS. 9 9 530 13 1779281 649642 0 0 145203719 148718106 13234873 23787719 164129 0 158602721 172505825 430424 462112 0 0 46947267 50835296 0 0 0 103253852 130243971 150631543 181541379 7971178 -9035554 3473374773 3396098525 3163402845 3089186009 309971928 306912516 X A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST 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, PREMIER AMERICA CREDIT UNION (THE 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 PREMIER AMERICA CREDIT UNION ENCOURAGED AND PROMOTED SAVINGS AND ACQUIRED 12,239 NEW MEMBERS IN 2024. TOTAL MEMBERSHIP STOOD AT 112,201 AS OF DECEMBER 31, 2024 WHILE THE ORGANIZATION CONTINUED TO PAY MEMBERS FAVORABLE DIVIDEND RATES ON THEIR SAVINGS. PREMIER AMERICA CREDIT UNION CONTINUED TO MEET THE MORTGAGE NEEDS OF FIRST-TIME HOME BUYERS. DURING THE YEAR, THE ORGANIZATION GRANTED 362 REAL ESTATE LOANS. PREMIER AMERICA CREDIT UNION'S CORE VALUES AND PURPOSE DRIVE OUR COMMITMENT TO SERVING MEMBERS AND LOCAL COMMUNITIES. IN 2024 OUR DEDICATION TO GIVING BACK WAS OF PARAMOUNT IMPORTANCE AS PREMIER AMERICA CREDIT UNION DONATED $381,983 TO LOCAL CHARITIES AND COMMUNITY ORGANIZATIONS AND TEAM MEMBERS INVESTED OVER 600 HOURS OF SERVICE TO NONPROFIT ORGANIZATIONS. PREMIER AMERICA CREDIT UNION IS FOCUSED ON PROVIDING SAFE, RESPONSIBLE AND AFFORDABLE FINANCIAL SERVICES TO HELP MEMBERS REACH THEIR DREAMS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 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 1 0 1 42637 0 1 530 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 0 1 1 1 1 0 CA X ENEDINA GONZALEZ 8187724011 19867 PRAIRIE STREET CHATSWORTH CA 91311 GARY HOLMEN DIRECTOR 2.00 X 7527 0 0 JOANN KLONOWSKI CHAIR 3.00 X X 500 0 0 BILL HAMPEL SECRETARY/TREASURER 3.00 X X 5367 0 0 LARRY MARTIN DIRECTOR 2.00 X 3504 0 0 WILLIAM COLE DIRECTOR 2.00 X 1055 0 0 LARRY COLSON DIRECTOR 2.00 X 1478 0 0 MECHELLE BEST DIRECTOR 2.00 X 500 0 0 ERIC GOLDNER DIRECTOR 2.00 X 817 0 0 EVA GOMEZ VICE CHAIR 3.00 X X 3853 0 0 RODOLFO PEREIRA PRESIDENT & CEO 40.00 X 6121092 0 61406 IE-CHEN CHENG CHIEF FINANCIAL OFFICER 40.00 X 581286 0 32375 TONI DANIELS CHIEF RISK & COMPLIANCE OFFICER 40.00 X 461750 0 35744 ERNESTO NORONA CHIEF OPERATIONS OFFICER 40.00 X 496462 0 68228 MARCIA GIRARDI CHIEF EXPERIENCE OFFICER 40.00 X 459511 0 49503 DAVID FITZGERALD CHIEF LENDING OFFICER 40.00 X 432007 0 29904 SHELLEY TAM CHIEF PEOPLE OFFICER 40.00 X 385552 0 68367 JASON WOLKOVE CHIEF TECHNOLOGY OFFICER 40.00 X 310860 0 54854 KELLY KARREN FINANCIAL ADVISOR 40.00 X 511165 0 33665 ANTHONY VELARDE FINANCIAL ADVISOR 40.00 X 346546 0 43070 TAMARA SCOTT VP, RETAIL DELIVER 40.00 X 275901 0 51282 CHARLES KIM VP, COMMERCIAL LENDING 40.00 X 271452 0 24461 YE SU VP, WEALTH MANAGEMENT 40.00 X 335384 0 46195 11013569 0 599054 117 0 1 0 Q2 SOFTWARE INC 13785 RESEARCH BLVD SUITE 150 AUSTIN TX 78750 ONLINE BANKING 2045644 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 DATA PROCESSING 1294343 SALESFORCECOM PO BOX 5126 CAROL STREAM IL 60197 CRM 1111525 VIRTUAL MARKETING LLC 222 MERCHANDISE MART PLAZA SUITE 2 CHICAGO IL 60654 ADVERTISING/MARKETING 1006236 COOK SECURITY GROUP INC 9225 NE CASCADES PKWY PORTLAND OR 97220 ADVERTISING/MARKETING 769053 70 INCOME FROM MEMBER LOANS 522100 132837705 132837705 INTERCHANGE INCOME 522100 6143142 6143142 SERVICE CHARGES & OTHER FEES 522100 4552180 4275631 276549 INVESTMENT BROKERAGE COMMISSIONS 523000 3161192 3161192 OTHER NON-INTEREST INCOME 522100 2023887 521155 1502732 148718106 25582098 25582098 1794379 -1794379 -1794379 -1794379 172505825 146938825 1779281 23787719 462112 9673502 33237213 2019122 2965032 2940427 479905 580119 2222532 5917291 10706461 5550257 346628 3958450 439703 485858 10525363 1220995 294348 DIVIDENDS PAID TO MEMBE 82499006 LOAN PROCESSING EXPENSE 3030829 PROVISION FOR LOAN LOSS 216000 TAX EXPENSE 43201 1727025 181541379 115129040 298660453 12560193 11283726 5637749 7552100 2926004905 2687836393 3892970 3718401 44221800 25343018 18310139 18878782 331539078 288313263 15000000 15000000 1034434 368664 44266265 64486743 3473374773 3396098525 23861061 1110005 266667 152382 280000000 50000000 2859275117 3037923622 3163402845 3089186009 X 0 0 0 0 309971928 306912516 309971928 306912516 3473374773 3396098525 -9035554 5976142 0 X X 0 1 X 1 0 15000 0 15000 15000 1 CALIFORNIA NEVADA CREDIT UNION PAC 1201 K ST SUITE 105C SACRAMENTO CA 95814 942329967 15000 0 PART I-A, LINE 1: PREMIER AMERICA CREDIT UNION MAKES CONTRIBUTIONS TO SUPPORT CANDIDATES OR POLITICAL ACTION COMMITTEES PROMOTING CREDIT UNION CAUSES. 3731593 3731593 15840712 10655515 5185197 7856738 6471239 1385499 16792757 8216264 8576493 18878782 MEMBERS' SHARES 3037923622 3037923622 X 172505825 0 172505825 0 172505825 181541379 0 181541379 0 181541379 PART X, LINE 2: PREMIER AMERICA CREDIT UNION (THE CREDIT UNION) IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) ON CERTAIN INCOME RESULTING FROM BUSINESS WITH NONMEMBERS. TAX YEARS PRIOR TO 2018 ARE NOT SUBJECT TO EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATIONS EXPENSE. FASB ASC TOPIC 740, 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 BY THE CREDIT UNION, WHICH MUST 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 NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. 1 BOYS & GIRLS CLUB OF GREATER OXNARD 1900 W FIFTH ST OXNARD CA 93030 951785162 501(C)(3) 10000 0 PROGRAM SUPPORT NORTHRIDGE HOSPITAL FOUNDATION 18300 ROSCOE BLVD NORTHRIDGE CA 91328 237444901 501(C)(3) 8500 0 PROGRAM SUPPORT PREMIER AMERICA FOUNDATION 19867 PRAIRIE STREET CHATSWORTH CA 91311 820914788 501(C)(3) 150000 0 PROGRAM SUPPORT CHILDREN'S MIRACLE NETWORK CU FOR KIDS WINE AUCTION 18400 VON KARMAN AVE STE 900 IRVINE CA 92612 870387205 501(C)(3) 15000 0 PROGRAM SUPPORT VENTURA COUNTY COMMUNITY DEVELOPMENT CORPORATION (VCCDC) 761 E DAILY DR STE 200 CAMARILLO CA 93010 743061811 501(C)(3) 15000 0 PROGRAM SUPPORT CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS FOUNDATION ONE UNIVERSITY DRIVE CAMARILLO CA 93012 770433230 501(C)(3) 36000 0 PROGRAM SUPPORT VENTURA COUNTY BOY SCOUTS OF AMERICA 509 E DAILY DRIVE CAMARILLO CA 93010 951716783 501(C)(3) 8000 0 PROGRAM SUPPORT CSUN FOUNDATION ONE UNIVERSITY DRIVE CAMARILLO AL 53705 770433230 501(C)(3) 20000 0 PHILANTHROPIST SPONSORSHIP NATIONAL CREDIT UNION FOUNDATION 4703 MADISON YARDS WAY SUITE 300 MADISON WI 53705 391383650 501(C)(3) 30000 0 PROGRAM SUPPORT GREATER CONEJO VALLEY CHAMBER OF COMMERCE 600 HAMPSHIRE RD SET 200 WESTLAKE VILLAGE CA 91361 721562527 501(C)(3) 10000 0 PROGRAM SUPPORT TOARTS 2100 E THOUSAND OAKS BLVD THOUSAND OAKS CA 91362 954466987 501(C)(3) 10000 0 PROGRAM SUPPORT CITY OF PORT HUENEME 250 N VENTURA ROAD PORT HUENEME CA 93041 956000765 CITY OF PORT HUENEME 6650 0 PROGRAM SUPPORT SOMOS FAMILIA VALLE 12060 NEENACH STREET SUN VALLEY CA 91352 815321059 501(C)(3) 6000 0 PROGRAM SUPPORT 13 0 PART I, LINE 2: GRANTS ARE GIVEN TO ORGANIZATIONS BASED ON CREDIT UNION INDUSTRY RELATIONSHIPS AND COMMUNITY RELEVANCE IN THE FORM OF CASH AND EVENT SPONSORSHIPS. GRANTS ARE GIVEN ONLY TO WELL-KNOWN ESTABLISHED CHARITABLE ORGANIZATIONS WHOSE ACTIVITIES ARE COMMON KNOWLEDGE AND RECOGNIZED IN THE COMMUNITY SUCH AS THE CHILDREN'S MIRACLE NETWORK HOSPITALS, HABITAT FOR HUMANITY, GIRLS AND BOYS SCOUTS OF AMERICA LOCAL TROOPS, AND OTHER SIMILAR ORGANIZATIONS. GRANT FUNDS ARE NOT MONITORED ONCE DISTRIBUTED. X 1 1 X X X 0 1 0 RODOLFO PEREIRA PRESIDENT & CEO 787991 0 336822 0 4996279 0 20700 0 40706 0 6182498 0 1175064 0 IE-CHEN CHENG CHIEF FINANCIAL OFFICER 410866 0 170420 0 0 0 15951 0 16424 0 613661 0 0 0 ERNESTO NORONA CHIEF OPERATIONS OFFICER 346060 0 150402 0 0 0 19835 0 48393 0 564690 0 0 0 KELLY KARREN FINANCIAL ADVISOR 61440 0 449725 0 0 0 19509 0 14156 0 544830 0 0 0 MARCIA GIRARDI CHIEF EXPERIENCE OFFICER 327250 0 132261 0 0 0 17743 0 31760 0 509014 0 0 0 TONI DANIELS CHIEF RISK & COMPLIANCE OFFICER 327379 0 134371 0 0 0 15515 0 20229 0 497494 0 0 0 DAVID FITZGERALD CHIEF LENDING OFFICER 307032 0 124975 0 0 0 19143 0 10761 0 461911 0 0 0 SHELLEY TAM CHIEF PEOPLE OFFICER 270857 0 114695 0 0 0 20332 0 48035 0 453919 0 0 0 ANTHONY VELARDE FINANCIAL ADVISOR 58769 0 287777 0 0 0 19195 0 23875 0 389616 0 0 0 YE SU VP, WEALTH MANAGEMENT 217893 0 117491 0 0 0 20654 0 25541 0 381579 0 0 0 JASON WOLKOVE CHIEF TECHNOLOGY OFFICER 301255 0 9605 0 0 0 12404 0 42450 0 365714 0 0 0 TAMARA SCOTT VP, RETAIL DELIVER 239260 0 36641 0 0 0 10474 0 40808 0 327183 0 0 0 CHARLES KIM VP, COMMERCIAL LENDING 233694 0 37758 0 0 0 15864 0 8597 0 295913 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - PREMIER AMERICA CREDIT UNION WILL PAY FOR THE SPOUSE OR ONE COMPANION'S PLANE FARE FOR OUT OF TOWN OFFICIAL TRAVELS (CONFERENCES), HOTEL ACCOMMODATIONS (SHARED ROOM) AND MEALS. WILLIAM COLE, LARRY COLSON, EVA GOMEZ, ERIC GOLDNER, BILL HAMPEL, GARY HOLMEN, AND LARRY MARTIN RECEIVED THIS BENEFIT IN 2024. THE AMOUNTS ARE REPORTED AS REPORTABLE COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. PART I, LINE 4B RODOLFO PEREIRA, PRESIDENT & CEO, PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN IN 2024 SPONSORED BY PREMIER AMERICA CREDIT UNION. THERE WERE NO CONTRIBUTIONS TO THE PLAN IN 2024. THE DISTRIBUTION AMOUNT SHOWN BELOW IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II: RODOLFO PEREIRA - $4,996,279 THE DEFINED BENEFIT LIABILITY ACCRUAL AMOUNT SHOWN BELOW IS NOT INCLUDED AS DEFERRED COMPENSATION ON FORM 990, PART VII OR SCHEDULE J, PART II AS IT WAS PAID OUT IN THE CURRENT TAX YEAR. RODOLFO PEREIRA - $293,024 MARCIA GIRARDI KEY EMPLOYEE COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY X 2716000 2879174 0 1 1 ERNESTO NORONA KEY EMPLOYEE COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY X 2682000 2875296 0 1 1 MARCIA GIRARDI KEY EMPLOYEE MORTGAGE X 760000 705966 0 1 1 MARCIA GIRARDI KEY EMPLOYEE HELOC X 100000 18394 0 1 1 MARCIA GIRARDI KEY EMPLOYEE AUTO LOAN X 32260 29465 0 1 1 TONI DANIELS KEY EMPLOYEE MORTGAGE X 417000 281110 0 1 1 RODOLFO PEREIRA OFFICER MORTGAGE X 900000 762695 0 1 1 7552100 FORM 990, PART VI, SECTION A, LINE 6 PREMIER AMERICA CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A PREMIER AMERICA CREDIT UNION MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF PREMIER AMERICA CREDIT UNION (THE CREDIT UNION) HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 8B PREMIER AMERICA CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 PREPARED BY THE TAX ACCOUNTANT IS REVIEWED BY SENIOR MANAGEMENT. CORRECTIONS ARE ADDRESSED AT EACH STAGE OF THE REVIEW BEFORE THE FINAL REPORT IS FILED BY THE TAX PREPARER FOR PREMIER AMERICA CREDIT UNION. IN 2025, THE FORM 990 WILL BE PRESENTED TO THE BOARD DURING THE OCTOBER 30TH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 EXTENSIVE ANNUAL SURVEYS ARE CONDUCTED FOR KEY POSITIONS IN PREMIER AMERICA CREDIT UNION INCLUDING, BUT NOT LIMITED TO, TOP MANAGEMENT AND KEY EMPLOYEES. THESE SURVEYS ARE PROVIDED BY PROFESSIONAL COMPENSATION ANALYSTS WHO WORK DIRECTLY WITH DATA WITHIN THE FINANCIAL INDUSTRY FIELD. THESE SURVEYS PROVIDE TOTAL COMPENSATION INFORMATION THAT RANGES FROM BROAD MACRO ISSUES TO SPECIFIC ELEMENTS OF TOTAL COMPENSATION STRUCTURES. THE DATA USED COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSON IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATION. THE FINAL FIGURES ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THE LAST TIME THIS PROCESS OCCURRED WAS IN DECEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 PREMIER AMERICA CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. PREMIER AMERICA CREDIT UNION DOES NOT HAVE AN OFFICIAL CONFLICT OF INTEREST POLICY. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. PREMIER AMERICA FOUNDATION 19867 PRAIRIE STREET CHATSWORTH CA 91311 820914788 COMMUNITY SUPPORT CA 501(C)(3) LINE 7 PREMIER AMERICA CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PREMIER AMERICA FOUNDATION B 150000 FAIR MARKET VALUE