2018-11-15T16:45:33-06:00 2017-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2017-01-01 951797779 ORANGE COUNTY'S CREDIT UNION ORAN 7147555900 PO BOX 11777 SANTA ANA CA 92711 GREG KRAUSE CFO 7147555900 2018-11-14 1 GERALD B KISSELL P00092658 6123324300 108.171.131.186 2018-11-14 15:27:01 CS P BAAA55F19712D57DA335EB0D2886131656817A04 C0F43978DBA0C0105C9EC865D2B1B55C6AA9D490 2017 2019-02-21 02:37:17Z SHRUTI MIYASHIRO PO BOX 11777 SANTA ANA CA 92711 88094060 0 X WWW.ORANGECOUNTYSCU.ORG X 1938 CA OUR MISSION IS TO MAINTAIN FINANCIAL STRENGTH IN ORDER TO PROVIDE CONVENIENT ACCESS, EXCEPTIONAL SERVICE, AND FINANCIAL SOLUTIONS TO MEET THE UNIQUE NEEDS OF OUR DIVERSE MEMBERSHIP AND COMMUNITIES. 7 7 423 12 1064145 -304496 0 0 56922538 60408654 6746420 6440689 1285886 12600 64954844 66861943 5000 0 3728031 4376685 25364575 25837597 0 0 0 20949067 24098989 50046673 54313271 14908171 12548672 1440763945 1562235515 1300669190 1410363613 140094755 151871902 OUR MISSION IS TO MAINTAIN FINANCIAL STRENGTH IN ORDER TO PROVIDE CONVENIENT ACCESS, EXCEPTIONAL SERVICE, AND FINANCIAL SOLUTIONS TO MEET THE UNIQUE NEEDS OF OUR DIVERSE MEMBERSHIP AND COMMUNITIES. 0 0 ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING CONSUMER LOAN PRODUCTS TO OUR MEMBERS: AUTOMOBILE, MORTGAGE, OTHER SECURED, AND UNSECURED. AS OF DECEMBER 31, 2017 OUR LOANS PORTFOLIO HAD 52,571 LOANS OUTSTANDING TOTALING $946.5 MILLION. ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING COMMERCIAL LOAN PRODUCTS TO OUR MEMBERS: COMMERCIAL MORTGAGE, AND INSTALLMENT. AS OF DECEMBER 31, 2017 OUR LOANS PORTFOLIO HAD 136 LOANS OUTSTANDING TOTALING $144.0 MILLION. ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING SHARES ACCOUNTS TO OUR RETAIL AND COMMERCIAL MEMBERSHIP: SAVINGS, CHECKING, MONEY MARKET, IRA, CERTIFICATE OF DEPOSIT, AND INVESTMENT SERVICES. AS OF DECEMBER 31, 2017 WE HAD 215,140 ACCOUNTS TOTALING $1.4 BILLION. 0 0 1 0 0 0 0 1 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22287 0 1 423 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 CA X GREG KRAUSE CFO 7147555900 PO BOX 11777 SANTA ANA CA 92711 VIKKI BEATLEY CHAIR 1.00 X X 0 0 0 WALT KRAUSE VICE CHAIR 1.00 X X 0 0 0 DAN DILLON SECRETARY 1.00 X X 0 0 0 CHRIS CHASE TREASURER 1.00 X X 0 0 0 FRANK KIM DIRECTOR 1.00 X 0 0 0 MIKE JENSEN DIRECTOR 1.00 X 0 0 0 GARY BURTON DIRECTOR 1.00 X 0 0 0 SHRUTI MIYASHIRO PRESIDENT/CEO 40.00 X 581168 0 513939 ROBERT GREGORY KRAUSE VP/SENIOR CFO 40.00 X 261744 0 133439 LYNDA LEE SAVOIT VP/SENIOR COO 40.00 X 254373 0 119533 WARREN JEFFREY HARPER VP LENDING SERVICES 40.00 X 220911 0 77517 LAURA THOMPSON SENIOR VP/CIO 40.00 X 208077 0 56575 DAHL ANN ROBINSON VP ORGANIZATIONAL DEVELOPMENT 40.00 X 191683 0 23113 STEVEN RITCHIE VP ERM 40.00 X 189405 0 15090 SUSAN HUSS VP CONSUMER LENDING 40.00 X 175553 0 31996 MONICA CHANDRA FINANCIAL CONSULTANT 40.00 X 472836 0 39764 CATHERINE BARAJAS MORTGAGE SALES MANAGER 40.00 X 297764 0 26734 ART ARMAS VP BUSINESS SERVICES 40.00 X 167702 0 32872 RYAN HUFF AVP DIGITAL TECH & SOFTWARE ENGINEER 40.00 X 160900 0 12847 CARLOS MIRAMONTEZ VP MORTGAGE LENDING 40.00 X 193544 0 37074 3375660 0 1120493 40 0 1 0 JACK HENRY & ASSOCIATES INC 663 W HWY 60 MONETT MO 65708 ACCOUNTING SOFTWARE 1177015 DIGITAL INSIGHT CORPORATION 1300 SEAPORT BOULEVARD 300 REDWOOD CITY CA 94063 ONLINE FINANCIAL MANAGEMENT 1042735 BUSINESS DATA INC 321 NORTH OAK STREET INGLEWOOD CA 90302 MAILING SERVICES 424154 SOLIDIFI US INC 39810 TREASURY CENTER CHICAGO IL 60603 PROPERTY APPRAISAL 362195 RIGHTPOINT CONSULTING LLC 29 N WACKER DRIVE CHICAGO IL 60606 TECHNOLOGY CONSULTING 360635 45 LOAN SERVICES 522100 39861844 39861844 OTHER NON-INTEREST INCOME 522100 8980641 7916496 1064145 FEES AND CHARGES 522100 5110927 5110927 INTERCHANGE INCOME 522100 4981687 4981687 GAIN ON MTG SERVICING RIGHTS 522100 1473555 1473555 60408654 6514806 6514806 12600 0 12600 12600 12600 21158000 21232117 -74117 -74117 -74117 66861943 59344509 1064145 6453289 4376685 3060056 18370441 436408 2447869 1522823 387488 97723 162920 17793 135577 1461757 1774618 1846422 2401161 172304 68235 972138 1301921 190884 OPERATIONS 7260476 LOAN SERVICING 2919891 PROVISION FOR LOAN LOSS 2066552 861129 54313271 108872254 115990080 2955481 3191853 937574587 1086527090 1870443 1961943 41698761 21157082 20193400 20541679 313547719 250974868 55750061 83048002 1440763945 1562235515 7948827 8248442 384579 299095 1671624 2016907 37750000 47000000 1252914160 1352799169 1300669190 1410363613 X 0 0 0 0 140094755 151871902 140094755 151871902 1440763945 1562235515 12548672 -771525 0 X 0 1 X 1 0 5000 5000 5000 1 CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 1201 K STREET SUITE 150 SACRAMENTO CA 95814 942329967 5000 PART I-A, LINE 1: ORANGE COUNTY'S CREDIT UNION CONTRIBUTED TO THE CALIFORNIA AND NEVADA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC). 0 1 X 4853741 4853741 18631923 6481055 12150868 3536227 3399094 137133 9380978 7549139 1831839 5295892 3727794 1568098 20541679 AVAILABLE FOR SALE 245786219 F OTHER INVESTMENTS 2200000 C CERTIFICATE OF DEPOSITS 1196122 C ATM COOP STOCK 1417527 C CUDL STOCK 350000 C C-U FIRST DEPOSIT 25000 C 250974868 FHLB STOCK 7561500 LOANS HELD FOR SALE 3513820 NCUSIF DEPOSIT 12510545 OTHER ASSETS 33924597 LIFE INSURANCE POLICY 25537540 83048002 MEMBER SHARE AND SAVINGS ACCOUNTS 1352799169 1352799169 X 66477000 0 66477000 384943 384943 66861943 53928000 0 53928000 385272 385272 54313272 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW RELATED TO THE MORTGAGE LOANS OUTSTANDING. PART X, LINE 2: THE CREDIT UNION HAS FILED UNRELATED BUSINESS INCOME TAX (UBIT) RETURNS (990-T) IN THE PAST, WHICH HAS RESULTED IN NO INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016. IN ADDITION, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2017 AND 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: ITEMS RECLASSIFIED ON FORM 990 & ROUNDING 384,943. PART XII, LINE 4B - OTHER ADJUSTMENTS: ITEMS RECLASSIFIED ON FORM 990 & ROUNDING 385,272. X X X X X 0 1 0 SHRUTI MIYASHIRO PRESIDENT/CEO 499322 0 75000 0 6846 0 473034 0 43922 0 1098124 0 0 0 ROBERT GREGORY KRAUSE VP/SENIOR CFO 238917 0 17586 0 5241 0 126160 0 7696 0 395600 0 0 0 LYNDA LEE SAVOIT VP/SENIOR COO 234175 0 15855 0 4343 0 103351 0 16599 0 374323 0 0 0 WARREN JEFFREY HARPER VP LENDING SERVICES 199789 0 14450 0 6672 0 54819 0 23115 0 298845 0 0 0 LAURA THOMPSON SENIOR VP/CIO 185227 0 13686 0 9164 0 43101 0 13891 0 265069 0 0 0 DAHL ANN ROBINSON VP ORGANIZATIONAL DEVELOPMENT 191012 0 0 0 671 0 15321 0 8210 0 215214 0 0 0 STEVEN RITCHIE VP ERM 174875 0 12674 0 1856 0 15090 0 417 0 204912 0 0 0 SUSAN HUSS VP CONSUMER LENDING 174771 0 0 0 782 0 14433 0 17980 0 207966 0 0 0 MONICA CHANDRA FINANCIAL CONSULTANT 36557 0 435841 0 438 0 21600 0 18581 0 513017 0 0 0 CATHERINE BARAJAS MORTGAGE SALES MANAGER 88343 0 209027 0 394 0 21600 0 5551 0 324915 0 0 0 ART ARMAS VP BUSINESS SERVICES 157029 0 10248 0 425 0 14008 0 19281 0 200991 0 0 0 RYAN HUFF AVP DIGITAL TECH & SOFTWARE ENGINEER 148753 0 10754 0 1393 0 12847 0 417 0 174164 0 0 0 CARLOS MIRAMONTEZ VP MORTGAGE LENDING 188101 0 4932 0 511 0 15995 0 21496 0 231035 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F), NON-QUALIFIED RETIREMENT PLAN: SHRUTI MIYASHIRO LYNDA SAVOIT GREG KRAUSE LAURA THOMPSON WARREN JEFFREY HARPER THERE WERE NO DISTRIBUTIONS DURING 2017. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. 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 INFORMATION TO COMPLETE FORM 990 IS PREPARED BY THE CONTROLLER AND VP OF ORGANIZATION DEVELOPMENT, REVIEWED BY THE CFO, AND SUBMITTED TO THE CPA FOR COMPLETION. FORM 990, PART VI, SECTION B, LINE 12C OUR CONFLICT OF INTEREST POLICIES ARE POSTED ON THE CREDIT UNION'S INTRANET, AND ARE SIGNED BY EACH EMPLOYEE UPON EMPLOYMENT. IF WE HEAR OF A SITUATION WE TAKE ACTION. FORM 990, PART VI, SECTION B, LINE 15 OUR HR TEAM PARTICIPATES IN AT LEAST 3 SALARY SURVEYS AND ANALYZES THAT DATA. THE PERSONNEL COMMITTEE APPROVES THE CEO SALARY. THE CEO AND VP OF HR APPROVE THE ANNUAL SALARY RANGES AND ADJUSTMENTS FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE PUBLISHED ON OUR WEBSITE, AND INTERNAL MONTHLY STATEMENTS ARE POSTED AT OUR BRANCH LOCATIONS. BYLAWS AND THE ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST. CONFLICTS OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC.