2018-11-09T19:22:52-06:00 2017-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2017-01-01 941404327 UNCLE CREDIT UNION UNCL 9254475001 2100 LAS POSITAS COURT LIVERMORE CA 94551 GINA BLOOMFIELD CFO 9254475001 2018-11-05 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2018-11-05 11:42:44 PS P AF4F97BFF341B67202FA09B643B1D08BFF97A8E1 EAB9806DEF4238CAE74313C6CC2BD34B53E62B85 2017 2019-02-21 02:37:17Z HAROLD ROUNDTREE 2100 LAS POSITAS COURT LIVERMORE CA 94551 17128334 0 X WWW.UNCLECU.ORG X CREDIT UNION 1957 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 100 12 101369 0 0 0 12817129 14916435 1469889 2200502 9663 11397 14296681 17128334 10495 21825 0 0 5836358 5953046 0 0 0 6888525 8131515 12735378 14106386 1561303 3021948 363130496 403118683 330652782 367555042 32477714 35563641 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS 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, UNCLE CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 THE CREDIT UNION PROVIDED 25,484 DEPOSIT ACCOUNTS TO 23,444 MEMBERS AS OF DECEMBER 31, 2017. IN 2017, 10,872 LOANS WERE MADE TO MEMBERS. LOANS AVAILABLE TO MEMBERS INCLUDE AUTO, CREDIT CARD, PERSONAL, HOME EQUITY, AND FIRST MORTGAGES. MEMBERS MAY OPEN THE FOLLOWING DEPOSIT ACCOUNTS:SAVINGS, CHECKING, MONEY MARKET, IRA, TERM CERTIFICATES OF DEPOSIT, YOUTH DEPOSIT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 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 1 3564 0 1 100 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X GINA BLOOMFIELD CFO 9254475001 2100 LAS POSITAS COURT LIVERMORE CA 94551 CHUNG BOTHWELL BOARD CHAIRMAN 6.00 X 0 0 0 RANDY WERNER BOARD VICE CHAIRMAN 4.00 X 0 0 0 MILA SHAPOVALOV SECRETARY 4.00 X 0 0 0 LEE NEELY TREASURER 4.00 X 0 0 0 JOHN STEIN BOARD MEMBER 4.00 X 0 0 0 JOHN FREEMAN BOARD MEMBER 4.00 X 0 0 0 IVAN COREY BOARD MEMBER 4.00 X 0 0 0 ELLEN RABER BOARD MEMBER 4.00 X 0 0 0 HUGH BUSSELL BOARD MEMBER 4.00 X 0 0 0 NEDA GRAY SUPR CMTE CHAIRMAN 2.00 X 0 0 0 ROBIN MORRIS SUPR CMTE MEMBER 1.00 X 0 0 0 BARBARA BROOKS SUPR CMTE MEMBER 1.00 X 0 0 0 HAROLD ROUNDTREE CEO 40.00 X 385267 0 234426 GINA BLOOMFIELD CFO 40.00 X 198070 0 104925 JAMES FISHER CTO 40.00 X 186482 0 101817 SARAH SAMUEL VP SALES & MARKETING 40.00 X 158391 0 25369 APRIL BLACK VP OF HUMAN RESOURCES 40.00 X 161029 0 24688 ANDREA JOHNSON SALES & SVC DIRECTOR 40.00 X 148335 0 21498 JACLYN HOWARD VP LENDING 40.00 X 130000 0 42359 ANDREA BROOKS VP RISK MANAGEMENT 40.00 X 126205 0 38527 1493779 0 593609 8 0 1 0 SOLAR TECHNOLOGIES 14 BETA CT SAN RAMON CA 94583 COMMERCIAL SOLAR SYSTEMS SERVICES 384943 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 INFORMATION PROCESSING SOLUTIONS 340487 KASASA LTD 4516 SETON CENTER PARKWAY STE 300 AUSTIN TX 78759 PROGRAM SERVICES 271866 WESCOM RESOURCES GROUP LLC 123 S MARENGO AVENUE PASADENA CA 91101 TECHNOLOGY SERVICES 233994 FTSI PO BOX 919 MONROVIA CA 91017 ATM SERVICES 176660 8 INTEREST ON LOANS 522100 10551294 10551294 OTHER OPERATING INCOME 522100 2237175 2237175 FEE INCOME 522100 2127966 2026597 101369 14916435 2200502 2200502 OTHER NON-OPERATING INCOME 522100 11397 11397 11397 17128334 17026965 101369 0 21825 1493779 3243537 108347 729199 378184 696414 302164 637681 1322918 1066523 559538 209869 1258850 459301 29463 LOAN SERVICING FEES 870981 PROVISION FOR LOAN LOSS 498151 MISCELLANEOUS EXPENSES 180879 OPERATING FEES 38783 14106386 3420820 3719499 35625563 45309080 1744734 1850991 3835770 3891880 10319507 6301901 3934370 4017606 39877434 30588708 265453148 303301322 9238657 10439597 363130496 403118683 3998721 4367999 326654061 363187043 330652782 367555042 X 0 0 0 0 32477714 35563641 32477714 35563641 363130496 403118683 X 3021948 -91409 155388 X X 0 1 X 1 0 949799 949799 3379693 1742471 1637222 1445503 893841 551662 4544512 3665589 878923 4017606 DEPOSITS IN COMMERCIAL BANKS, S&LS, SAVINGS BANKS 3246800 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CUS 743285 C ALL OTHER INVESTMENTS 2592000 F LOANS AND LEASES 293434560 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 3284677 C 303301322 MEMBERS SHARES AND DEPOSITS 363187043 363187043 X 17123847 0 17123847 4487 4487 17128334 14106386 0 14106386 0 14106386 PART X, LINE 2: FASB ACCOUNTING STANDARDS CODIFICATION 740-10-65, 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 IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO 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 DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED DECEMBER 31, 2017, 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 4B - OTHER ADJUSTMENTS: PRIOR PERIOD AUDIT ADJUSTMENT 4,487. X X X X X 1 1 0 HAROLD ROUNDTREE CEO 321703 0 51000 0 12564 0 217774 0 16652 0 619693 0 0 0 GINA BLOOMFIELD CFO 179339 0 17508 0 1223 0 92370 0 12555 0 302995 0 0 0 JAMES FISHER CTO 172750 0 12504 0 1228 0 82535 0 19282 0 288299 0 0 0 SARAH SAMUEL VP SALES & MARKETING 123041 0 13330 0 22020 0 3460 0 21909 0 183760 0 0 0 APRIL BLACK VP OF HUMAN RESOURCES 148450 0 12146 0 433 0 10734 0 13954 0 185717 0 0 0 ANDREA JOHNSON SALES & SVC DIRECTOR 133772 0 13985 0 578 0 7260 0 14238 0 169833 0 0 0 JACLYN HOWARD VP LENDING 129420 0 0 0 580 0 9544 0 32815 0 172359 0 0 0 ANDREA BROOKS VP RISK MANAGEMENT 115323 0 10380 0 502 0 9505 0 29022 0 164732 0 0 0 PART I, LINES 4A-B SARAH SAMUEL RECEIVED SEVERANCE PAYMENTS TOTALING $21,665.52 DURING 2017. EFFECTIVE MARCH 31, 2009, THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF TOP MANAGEMENT. UNDER THE TERMS OF THE PLAN, PARTICIPANTS ARE ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. IF THESE EMPLOYEES BECOME FULLY DISABLED AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENTS. TO SUPPORT THE DEFERRED COMPENSATION PLAN, THE CREDIT UNION HAS ELECTED TO PURCHASE CREDIT UNION-OWNED VARIABLE LIFE INSURANCE AND VARIABLE ANNUITIES AND MUTUAL FUNDS. THE DEFERRED COMPENSATION ACCOUNTS ARE SHOWN AS BOTH ASSETS AND LIABILITIES AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF LIQUIDATION. GINA BLOOMFIELD OFFICER CREDIT CARD X 20000 3701 0 1 1 GINA BLOOMFIELD OFFICER MORTGAGE X 424000 398675 0 0 1 HAROLD ROUNDTREE OFFICER MORTGAGE X 1274156 1223634 0 1 1 HAROLD ROUNDTREE OFFICER HOME EQUITY X 250000 159623 0 1 1 HAROLD ROUNDTREE OFFICER NEW CAR X 31000 24953 0 1 1 HAROLD ROUNDTREE OFFICER USED CAR X 45000 38801 0 1 1 HAROLD ROUNDTREE OFFICER CREDIT CARD X 20000 1604 0 1 1 1850991 FORM 990, PART VI, SECTION A, LINE 6 UNCLE 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. UNCLE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF UNCLE CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. 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 OF THE MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW OF THE FORM 990 IS PERFORMED BY THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT. THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT REPORTS TO AN INDEPENDENT OVERSIGHT COMMITTEE. FORM 990 IS ALSO PROVIDED TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY AND WHISTLE BLOWER POLICY IS IN EFFECT. EVERY YEAR THE GOVERNING BODY AND EMPLOYEES COMPLETE A DETAILED QUESTIONNAIRE PERTAINING TO CONFLICT OF INTEREST. THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT MONITORS ACTIVITY ASSOCIATED WITH THESE POLICIES TO ENSURE ALL CASES ARE RESOLVED APPROPRIATELY. THE INTERNAL AUDIT AND COMPLIANCE DEPARTMENT REPORTS TO AN INDEPENDENT OVERSIGHT COMMITTEE, NOT PART OF THE GOVERNING BODY OR MANAGEMENT, AND WHO REPRESENTS THE INTERESTS AND WELL BEING OF THE CREDIT UNION MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 15 UNCLE CREDIT UNION MAINTAINS A COMPETITIVE SALARY RANGE STRUCTURE FOR ALL POSITIONS. THE HUMAN RESOURCES DEPARTMENT PARTICIPATES IN CERTAIN SALARY SURVEYS AS APPROPRIATE FOR OUR INDUSTRY, POSITIONS, ASSET SIZE, EMPLOYEE SIZE, AND GEOGRAPHICAL LOCATIONS. SALARIES ARE BASED ON GRADE LEVELS THAT ARE DETERMINED BY VARIOUS FACTORS SUCH AS ORGANIZATIONAL IMPACT, EDUCATION, EXPERIENCE, AND ETC. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, FINANCIAL STATEMENTS ARE POSTED PUBLICLY IN THE LOBBY OF EACH OF OUR BRANCH LOCATIONS AND ON THE WEBSITE AT WWW.UNCLECU.ORG. FORM 990, PART XI, LINE 9: CHANGE IN OCI 155,388. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.