2018-09-28T19:16:18-05:00 2017-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2017-01-01 951682200 ARROWHEAD CENTRAL CREDIT UNION ARRO 9093796897 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 TONY SAWAYA SVP/CFO 9093796897 2018-09-21 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2018-09-21 14:54:13 PD P AF4F97BFF341B67202FA09B643B1D08BFF97A8E1 2EC9F1476709630E50B4D634B65559A56B726FE0 2017 2018-06-14 16:35:46Z X DARIN WOINAROWICZ 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 69294242 0 X WWW.ARROWHEADCU.ORG X CREDIT UNION 1949 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 475 10 664741 0 0 0 55455852 58421210 5255482 6737770 577716 2737938 61289050 67896918 7000 250 0 0 20924971 23842930 0 0 0 24401952 29756906 45333923 53600086 15955127 14296832 1137395216 1189879078 997535232 1036126645 139859984 153752433 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS 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, ARROWHEAD CENTRAL 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 FINANCIAL SERVICES TO SOUTHERN CALIFORNIA - AT DECEMBER 31, 2017 WE HAD 142,380 MEMBERS, 52,622 LOANS, AND 209,956 SHARE ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 16486 0 1 475 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X TONY SAWAYA SVPCFO 9093796832 550 EAST HOSPITALITY LANE STE 200 SAN BERNARDINO CA 92408 THOMAS POTTER BOARD CHAIRMAN 2.00 X 0 0 0 JOHN MCCORMACK BOARD VICE CHAIRMAN 2.00 X 0 0 0 ROBIN STEEGE BOARD SECRETARY 2.00 X 0 0 0 PATRICIA COLE BOARD TREASURER 2.00 X 0 0 0 DAN HYNES BOARD MEMBER 2.00 X 0 0 0 SHERRY KENDRICK BOARD MEMBER 2.00 X 450 0 0 TIM MCHARGUE BOARD MEMBER 2.00 X 0 0 0 BETH BOCKENHAUER SUPV CMTE CHAIRMAN 2.00 X 0 0 0 CATHLEEN FARRAR SUPV CMTE MEMBER 2.00 X 0 0 0 JAMES HALE SUPV CMTE MEMBER 2.00 X 0 0 0 DARIN WOINAROWICZ PRESIDENT/CEO 40.00 X 906942 0 33885 ROBERTO MARTINEZ EVP COO 40.00 X 394326 0 30634 TANIOS SAWAYA SVP CFO 40.00 X 334441 0 34253 VAUGHN BOOK SVP CIO 40.00 X 295495 0 13028 EMILY FRIESEN SVP MARKETING 40.00 X 234709 0 14159 ANN WADAGNOLO SVP CRO 40.00 X 221790 0 11448 WILLIAM WAGNER SVP OPERATIONS 40.00 X 204777 0 32430 DAVID FISHER VP BRANCHES 40.00 X 163484 0 12536 JONATHAN FRIESTEDT VP MEMBER BUSINESS LENDING 40.00 X 157921 0 20824 TRACY MADSEN VP CONTROLLER 40.00 X 146861 0 5884 VALERIE HOPKINS VP HUMAN RESOURCES 40.00 X 145090 0 11877 KANDI GOSE-ORTIZ VP CONSUMER LENDING 40.00 X 144173 0 18092 3350459 0 239050 21 0 1 0 KNR BUILDERS 14701 MYFORD ROAD SUITE B TUSTIN CA 92780 GENERAL CONTRACTOR 2344749 DATA SPECIALTIES INC 8400 KASS DRIVE BUENA PARK CA 906217351 DATA CENTER DESIGN/BUILD 1099206 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE SYSTEM PROVIDER 760823 LOOMIS HOLDING US INC 2500 CITY WEST BLVD 2300 HOUSTON TX 77042 RECEIVES/DELIVERS CASH FOR ATM'S 561012 ADVANCED NETWORK INC 8940 ACTIVITY ROAD STE F SAN DIEGO CA 92126 ATM MAINTENANCE 473114 23 INTEREST ON LOANS 522100 27541967 27541967 OTHER OPERATING INCOME 522100 16917864 16917864 FEE INCOME 522100 13961379 13296638 664741 58421210 6555051 6555051 423561 0 423561 423561 423561 1580043 1397324 182719 182719 182719 GAIN FROM BARGAIN PURCHASE 522100 2091968 2091968 GAIN ON SALE OF OREOS AND DISPOSI 522100 219891 219891 GAIN FROM INVESTMENT 522100 2518 2518 2314377 67896918 67232177 664741 0 250 3350459 16115965 1326432 1490263 1559811 202150 144040 140627 909872 11330713 1189480 2817279 78549 1492194 2739494 238527 MISCELLANEOUS OPERATING 3921860 PROVISIONS FOR LOANS & 2944000 LOAN SERVICING EXPENSE 1496112 OPERATING FEES 112009 53600086 21515950 18975013 167073281 89332774 0 10000000 919146 959238 56625339 26580439 24432233 30044900 405181439 454506992 511623756 569043927 6649411 17016234 1137395216 1189879078 109327033 34994421 888208199 1001132224 997535232 1036126645 X 0 0 0 0 139859984 153752433 139859984 153752433 1137395216 1189879078 X 14296832 -1968807 1564424 X X 0 1 X 1 0 7792790 7792790 23790102 5266175 18523927 2603357 2118323 485034 17652797 14431357 3221440 4786293 4764584 21709 30044900 ALL OTHER INVESTMENT 5085619 F NET LOANS TO MEMBERS 551027015 F LOANS HELD FOR SALE 2665665 F NCUA SHARE INSURANCE DEPOSIT 9647826 C MEMBERSHIP CAPITAL 617802 C 569043927 MEMBERS' SHARE & SAVINGS ACCOUNTS 1001132224 1001132224 X PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED 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" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, 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. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. 1 X X 1 1 X X 0 1 0 DARIN WOINAROWICZ PRESIDENT/CEO 625369 0 247212 0 34361 0 10432 0 23453 0 940827 0 0 0 ROBERTO MARTINEZ EVP COO 314412 0 54810 0 25104 0 4631 0 26003 0 424960 0 0 0 TANIOS SAWAYA SVP CFO 258698 0 45123 0 30620 0 10800 0 23453 0 368694 0 0 0 VAUGHN BOOK SVP CIO 228814 0 38391 0 28290 0 6691 0 6337 0 308523 0 0 0 EMILY FRIESEN SVP MARKETING 193106 0 32836 0 8767 0 5689 0 8470 0 248868 0 0 0 ANN WADAGNOLO SVP CRO 186661 0 18864 0 16265 0 5400 0 6048 0 233238 0 0 0 WILLIAM WAGNER SVP OPERATIONS 174690 0 21340 0 8747 0 8353 0 24077 0 237207 0 0 0 DAVID FISHER VP BRANCHES 146177 0 16640 0 667 0 6558 0 5978 0 176020 0 0 0 JONATHAN FRIESTEDT VP MEMBER BUSINESS LENDING 140151 0 15585 0 2185 0 0 0 20824 0 178745 0 0 0 TRACY MADSEN VP CONTROLLER 125896 0 10581 0 10384 0 5884 0 0 0 152745 0 0 0 VALERIE HOPKINS VP HUMAN RESOURCES 129749 0 14957 0 384 0 5673 0 6204 0 156967 0 0 0 KANDI GOSE-ORTIZ VP CONSUMER LENDING 128312 0 15269 0 592 0 5951 0 12141 0 162265 0 0 0 PART I, LINE 4B THIS IS A SUPPLEMENTAL RETIREMENT PLAN FOR THE CEO. THE CREDIT UNION OWNS THE ASSETS IN THE PLAN AND THE FIRST VESTING DATE IS IN 2021. THE SECOND VESTING DATE IS IN 2031. THE CREDIT UNION PROVIDES SPLIT DOLLAR LIFE INSURANCE ARRANGEMENTS FOR THE FOLLOWING CURRENT EXECUTIVE: DARIN WOINAROWICZ. DARIN WOLNAROWICZ OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 10000000 10000000 0 1 1 10000000 FORM 990, PART VI, SECTION A, LINE 6 ARROWHEAD CENTRAL 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. ARROWHEAD CENTRAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF ARROWHEAD CENTRAL CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. 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 CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO THE ORGANIZATION'S CFO FOR HIS REVIEW. THE CFO PRESENTS ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL PRESENTS THE RETURN TO THE BOARD OF DIRECTORS AND SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THE ORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDIUAL(S). FORM 990, PART VI, SECTION B, LINE 12C FOR DIRECTORS, THE VOLUNTEER CODE OF PERSONAL AND BUSINESS CONDUCT (POLICY 1.16) (12 PAGES) REQUIRES ANNUAL, AT A MINIMUM, WRITTEN ACKNOWLEDGEMENT AND DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. FOR OFFICERS AND KEY EMPLOYEES, THE EMPLOYEE HANDBOOK, GENERAL POLICIES, CODE OF PERSONAL AND BUSINESS CONDUCT (13 PAGES) REQUIRES DISCLOSURE OF OUTSIDE INTERESTS WHENEVER AN ACTIVITY MAY BE CONTRARY TO THE BEST INTEREST OF THE CREDIT UNION. ALL EMPLOYEES ARE REQUIRED TO SIGN A WRITTEN ACKNOWLEDGEMENT OF THE RECEIPT OF THE CODE OF PERSONAL AND BUSINESS CONDUCT AND OF ANY SUBSEQUENT CHANGES THERETO. VIOLATIONS MAY SUBJECT THE EMPLOYEE TO DISCIPLINARY MEASURES, UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE COMPENSATION FOR THE CEO. THE CEO APPROVES THE COMPENSATION FOR THE EXECUTIVES. MARKET DATA IS USED TO DETERMINE COMPENSATION COMPARABILITY AMONG THE EXECUTIVES' SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE NCUA 5300 CALL REPORT IS AVAILABLE TO THE PUBLIC ON THE NCUA WEBSITE. THE CREDIT UNION'S FINANCIALS ARE POSTED AT EACH BRANCH LOCATION. ANY MEMBER MAY REQUEST TO SEE BOARD MEETING MINUTES. FORM 990, PART XI, LINE 9: CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME 407,992. EQUITY ACQUIRED IN MERGER 1,156,432. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. ARROWHEART FOUNDATION 550 EAST HOSPITALITY LANE 200 SAN BERNARDINO CA 92408 463720925 CHARITY FUND CA 501(C)(3) LINE 7 ARROWHEAD CENTRAL CREDIT UNION 0 ARROWHEAD FINANCIAL GROUP INC 550 E HOSPITALITY LANE SAN BERNARDINO CA 92408 330082959 INSURANCE CA ARROWHEAD CENTRAL CREDIT UNION C 58831 225915 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0