2019-11-14T17:50:02-06:00 2018-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2018-01-01 940335800 1ST UNITED SERVICES CREDIT UNION 1STU 9255984837 PO BOX 11746 PLEASANTON CA 94588 STEPHEN M STONE PRESIDENT/CEO 9255984702 2019-11-13 1 DOUGLAS J ORTH P01076394 3052328272 64.95.240.2 2019-11-13 14:03:11 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2020-03-31 21:24:44Z STEPHEN M STONE PO BOX 11746 PLEASANTON CA 94588 46043645 0 1526 X WWW.1STUNITEDCU.ORG X 1932 CA TO PROVIDE A LIFETIME OF SIMPLER, FASTER, FRIENDLIER FINANCIAL SERVICES FOR OUR MEMBERS. 9 9 179 14 173319 0 0 0 33582822 38393007 3033214 3301036 3237964 4349602 39854000 46043645 27505 10000 0 0 13106494 14608378 0 0 0 21697742 24212753 34831741 38831131 5022259 7212514 1022881195 1067473396 924181358 961901406 98699837 105571990 X 1ST UNITED SERVICES CREDIT UNION (1ST UNITED) SERVES MEMBERS PRIMARILY LOCATED IN THE EAST BAY OF THE SAN FRANCISCO BAY AREA, WITH A WIDE RANGE OF COMPETITIVELY PRICED PRODUCTS AND SERVICES. 1ST UNITED OFFERS REAL ESTATE LOANS, NEW AND USED AUTO LOANS AND VISA CREDIT CARDS. AUTO LOANS COMPRISE APPROXIMATELY 51% AND REAL ESTATE LOANS APPROXIMATELY 41% OF 1ST UNITED'S $865 MILLION LOAN PORTFOLIO. 0 0 1ST UNITED SERVICES CREDIT UNION OFFERS A COMPREHENSIVE PORTFOLIO OF SAVINGS AND LOAN PRODUCTS FOR MEMBERS. 1ST UNITED SERVICES' PRODUCTS ARE AN EXCELLENT VALUE, COMPETITIVELY PRICED AND EASY TO PURCHASE. ALL OF OUR PRODUCTS ARE AVAILABLE TO MEMBERS THROUGH OUR EXTENSIVE BRANCH NETWORK, VIA OUR MEMBER SERVICES CALL CENTER OR ONLINE AT 1STUNITEDCU.ORG. 1ST UNITED SERVICES OFFERS FINANCIAL PLANNING AND INVESTMENT SERVICES FOR OUR MEMBERS. THESE SERVICES ARE AVAILABLE AT NO COST TO ALL MEMBERS OF THE CREDIT UNION AND ARE DELIVERED THROUGH CUSO FINANCIAL SERVICES, A REGISTERED BROKER-DEALER. AT 1ST UNITED SERVICES, WE ARE KNOWN IN THE COMMUNITY FOR OUR FINANCIAL EDUCATION PROGRAM. THE CREDIT UNION OFFERS FINANCIAL EDUCATION SEMINARS IN OUR BRANCHES, ON-SITE PROGRAMS AT LOCAL SCHOOLS AND SELF-STUDY MATERIALS ON OUR WEBSITE AT 1STUNITEDCU.ORG. 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16100 0 1 179 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X 1ST UNITED SERVICES CREDIT UNION 9255984702 PO BOX 11746 PLEASANTON CA 94588 HOWARD T GARRIGAN CHAIRPERSON 2.00 X 8631 0 0 STEVE MANNING BOD MEMBER 1.00 X 0 0 0 NAOMI O BURNS BOD SECRETARY 1.00 X 4749 0 0 TERESITA LAUIGAN BOD MEMBER 1.00 X 8631 0 0 DAVE MACDONALD V. CHAIRPERSON 1.00 X 8345 0 0 VELETA ALLEN BOD MEMBER 1.00 X 8000 0 0 RON THOMPSON BOD MEMBER 1.00 X 128 0 0 PATRICK O'CONNELL BOD MEMBER 1.00 X 8000 0 0 SUSAN MURANISHI BOD MEMBER 1.00 X 2100 0 0 VICTOR QUINT PRESIDENT/CEO 40.00 X 272178 0 17963 STEPHEN M STONE CEO 40.00 X 291561 0 27915 GREGORY PULLIAM CAO 40.00 X 203085 0 22474 EDWARD RENTERIA COO 40.00 X 197929 0 27623 TOSHA EAGLES-WILLIAMS CLO 40.00 X 200007 0 16905 JOANNA UHL CIO 40.00 X 192102 0 32187 JAMES SANTIAGO VP OF IT 40.00 X 120627 0 17075 SARAH CECCHIN SVP MARKETING 40.00 X 151156 0 23005 KATE LAWRENCE VP OF FINANCE 40.00 X 137522 0 16876 DOLORES TREVINO VP STAFF DEVELOPMENT 40.00 X 120965 0 16497 LYNELL FRALEY VP HUMAN RESOURCES 40.00 X 130841 0 22458 2066557 0 240978 17 0 1 0 COOK SECURITY GROUP 9225 NE CASCADES PKWY PORTLAND OR 97220 ATM MACHINES AND SERVICE MAINTENANCE 1402486 Q2 SOFTWARE INC PO BOX 8205970 DALLAS TX 94566 MOBILE BANKING PROVIDER 845573 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE PROCESSOR 700947 ADAPT TELEPHONY SERVICES LLC 600 ENTERPRISE DRIE OAKBROOK IL 60523 PHONE SYSTEM 653573 ONGOING OPERATIONS LLC PO BOX 218 MAUGANSVILLE MD 21767 DISASTER RECOVERY SERVICES 393317 36 INCOME ON LOANS 522100 34280455 34280455 FEES AND CHARGES 522100 3939233 3939233 NON-MEMBER ATM FEE INCOME 900099 94381 94381 INSURANCE INCOME 525100 78938 78938 38393007 3301036 3301036 OTHER OPERATING INCOME 522100 4349602 4349602 4349602 46043645 45870326 173319 0 X 10000 1550513 9954515 731281 1510632 861437 134931 221239 88464 87500 372393 802682 310916 3339085 1340657 48982 394974 7273421 70191 1044296 255146 PROVISION FOR LOAN LOSS 2941205 VISA DEBIT/CREDIT 1761821 LOAN SERVICING 1000084 MAINTENANCE 640277 2084489 38831131 8005211 7678246 49990659 51103886 93987 40390 805572746 865081020 1368373 1686696 20464503 12724232 8083146 7740271 131716862 115002899 4282000 3964100 13768211 15175888 1022881195 1067473396 4419783 4054985 919761575 957846421 924181358 961901406 X 0 0 0 0 98699837 105571990 98699837 105571990 1022881195 1067473396 7212514 -340361 0 X X 0 1 X 1 0 1760872 1760872 7586478 4561286 3025192 1559260 948939 610321 9557893 7214007 2343886 7740271 REGULAR SHARES 207209811 SHARE DRAFTS 140729370 MONEY MARKET SHARES 222143168 SHARE CERTIFICATES 337634387 IRA/CD SHARES 50129685 957846421 X 46043645 0 46043645 0 46043645 38831131 0 38831131 0 38831131 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2017, 2016, AND 2015 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 1 ALAMEDA COUNTY FOOD BANK 7900 EDGEWATER DRIVE OAKLAND CA 94621 942960294 501(C)(3) 10000 FOOD BANK SERVICES 1 0 PART I, LINE 2: THE DONATION WAS NOT A GRANT, BUT RATHER A CHARITABLE CONTRIBUTIONS. AS SUCH, THERE WAS NO MONITORING OF FUNDS CONTRIBUTED. X X X 0 0 0 VICTOR QUINT PRESIDENT/CEO 219921 0 50000 0 2257 0 11408 0 6555 0 290141 0 0 0 STEPHEN M STONE CEO 289546 0 600 0 1415 0 19157 0 8758 0 319476 0 0 0 GREGORY PULLIAM CAO 199856 0 450 0 2779 0 14055 0 8419 0 225559 0 0 0 EDWARD RENTERIA COO 195518 0 600 0 1811 0 14041 0 13582 0 225552 0 0 0 TOSHA EAGLES-WILLIAMS CLO 198437 0 600 0 970 0 14057 0 2848 0 216912 0 0 0 JOANNA UHL CIO 191222 0 250 0 630 0 13289 0 18898 0 224289 0 0 0 SARAH CECCHIN SVP MARKETING 150635 0 200 0 321 0 10914 0 12091 0 174161 0 0 0 KATE LAWRENCE VP OF FINANCE 136607 0 300 0 615 0 8798 0 8078 0 154398 0 0 0 LYNELL FRALEY VP HUMAN RESOURCES 129438 0 250 0 1153 0 9373 0 13085 0 153299 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF 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 B, LINE 11B THE ACCOUNTING MANAGER AND VICE PRESIDENT OF HUMAN RESOURCES GATHER THE INFORMATION. THE VICE PRESIDENT OF FINANCE, CFO AND CEO REVIEW FORM 990. UPON COMPLETION, A COPY OF THE FORM IS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO EMPLOYEES IN THE EMPLOYEE HANDBOOK. ANNUALLY, EMPLOYEES ARE REMINDED AND ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ THE POLICY, AS WELL AS THE OTHER SECTIONS IN THE HANDBOOK. MANAGERS ARE HELD ACCOUNTABLE TO MONITOR ADHERENCE TO THE POLICY AND TO ENSURE THEIR EMPLOYEES UNDERSTAND IT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AT THE CREDIT UNION IS GOVERNED BY A BOARD OF DIRECTORS APPROVED SALARY ADMINISTRATION POLICY. THE CREDIT UNION SETS COMPENSATION RANGES FOR ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, USING A THIRD PARTY COMPENSATION CONSULTING FIRM. THIS THIRD PARTY ORGANIZATION PROVIDES COMPENSATION INFORMATION AND SALARY RANGES FOR COMPANIES NATIONWIDE. SALARY RANGES ARE DEVELOPED THROUGH NATIONWIDE, INDUSTRY-SPECIFIC COMPENSATION SURVEYS AND COMPENSATION BENCHMARKING FOR KEY POSITIONS. THE BOARD OF DIRECTORS APPROVE THE SALARY RANGES AND EVALUATE ANY ANNUAL CHANGES RECOMMENDED BY THE THIRD PARTY FIRM. SALARY LEVELS AND JOB GRADES FOR INDIVIDUAL POSITIONS ARE DETERMINED USING A JOB EVALUATION PROCESS PROVIDED BY THE THIRD PARTY FIRM. FORM 990, PART VI, SECTION C, LINE 19 GENERALLY, GOVERNING DOCUMENTS/POLICIES ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC OR TO MEMBERS. MONTHLY FINANCIAL RESULTS ARE PUBLICLY POSTED. FORM 990, PART IX, LINE 24E SHARE DRAFT 494,563. ATM EXPENSE 401,302. OTHER OPERATING 321,537. ASSET RECOVERY 300,751. HUMAN RESOURCES 165,236. AFI/DSI ANNUAL ASSESSMENT 139,034. BOARD/SUPERVISORY COMMITTEE EXPENSE 67,799. GOODWILL 65,406. TRAINING/DEVELOPMENT/EDUCATION 61,256. S & D 45,700. SECURITY 21,905. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.