2017-11-15T16:28:00-06:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 941484851 CREDIT UNIONS IN THE STATE OF CALIFORNIA SIERRA CENTRAL CREDIT UNION CRED 8002227228 1351 HARTER PARKWAY YUBA CITY CA 95993 JOHN CASSIDY CEO 8002227228 2017-11-13 1 GERALD B KISSELL P00092658 6123324300 108.171.131.188 2017-11-13 18:34:02 CS P 01563F10D6676BDC9B96404AA3206AA292B808E6 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 2016 2018-03-14 21:41:22Z SIERRA CENTRAL CREDIT UNION JOHN CASSIDY 1351 HARTER PARKWAY YUBA CITY CA 95993 43015996 0 1 X WWW.SIERRACENTRAL.COM X 1955 CA AS YOUR FINANCIAL INSTITUTION: WE PLEDGE TO SERVE YOU AND OUR COMMUNITY FAITHFULLY; WE WILL BE FRIENDLY, HELPFUL AND PROFESSIONAL. WE WILL PROVIDE GREAT PRODUCTS AND COMPETITIVE RATES. 7 7 242 10 122071 -54957 0 0 33563559 36132922 687063 1382464 0 0 34250622 37515386 11000 23000 2185775 3201600 11170187 11058235 0 0 0 14734458 15808487 28101420 30091322 6149202 7424064 792422856 867017254 701168599 768338933 91254257 98678321 AS YOUR FINANCIAL INSTITUTION: WE PLEDGE TO SERVE YOU AND OUR COMMUNITY FAITHFULLY; WE WILL BE FRIENDLY, HELPFUL AND PROFESSIONAL. WE WILL PROVIDE GREAT PRODUCTS AND COMPETITIVE RATES. 0 0 SIERRA CENTRAL CREDIT UNION (SCCU) PROVIDES FINANCIAL SERVICES, INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRA SAVINGS ACCOUNTS AND REGULAR AND IRA CDS TO MEMBER OWNERS. MEMBERS HAVE ACCESS TO OVER 30,000 ATMS, ONLINE BANKING AND DEBIT CARDS. IN 2016 SCCU PROVIDED FINANCIAL SERVICES, SAVINGS AND LOAN ACCOUNTS TO 63,075 MEMBERS AND FUNDED $251M IN LOANS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13945 0 1 242 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 1 1 1 1 0 CA X STEPHANIE DICKINSON 8002227228 1351 HARTER PARKWAY YUBA CITY CA 95993 RON BARTOLI CHAIR 2.00 X X 0 0 0 BALDEV JOHAL VICE CHAIR 2.00 X X 0 0 0 DIANE MEYERS SECRETARY/TREASURER 2.00 X X 0 0 0 JAMES KENNEDY DIRECTOR 2.00 X 0 0 0 DAN MIERZWA DIRECTOR 2.00 X 0 0 0 TIB BELZA DIRECTOR 2.00 X 0 0 0 DAVID MACHOWIAK DIRECTOR 2.00 X 0 0 0 JOHN CASSIDY CEO 40.00 X 486857 0 17129 RON SWEENEY COO/EVP 40.00 X 485529 0 27235 STEPHANIE DICKINSON CFO 40.00 X 219348 0 23377 STEVE HENDERSON SVP ISIT & FACILITIES 40.00 X 224487 0 22877 DAVID KELSAY SVP LENDING 40.00 X 212629 0 15920 DESIREE MANES SVP RETAIL BANKING 40.00 X 194651 0 8872 CORINE DAVIS VP OF HR 40.00 X 128369 0 8275 BARBARA MENEFEE VP OF MARKETING 40.00 X 116955 0 22877 DAVID BUMPUS BUSINESS DEVELOPMENT MANAG 40.00 X 112506 0 15990 TERRI GARCIA VP OF AUDIT/COMPLIANCE 40.00 X 112470 0 3268 KATHY STEINER IS MANAGER 40.00 X 106131 0 19456 2399932 0 185276 13 0 1 0 DESCOR BUILDERS 3164 GOLD CAMP DR 250 RANCHO CORDOVA CA 95670 CONSTRUCTION 1935132 SIERRA FOOTHILLS CONSTRUCTION COMPANY 130 E MAIN ST GRASS VALLEY CA 95945 CONSTRUCTION 1432172 FISERV INC 75 REMITTANCE DR 6962 CHICAGO IL 60675 IT SERVICES 959908 INFOIMAGE 141 JERFFERSON DR MENLO PARK CA 94025 STATEMENT PROCESSING 394961 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 ATM SERVICES 345300 24 LOAN INTEREST INCOME 522130 27648885 27648885 SERVICE CHARGES & OTHER FEES 522130 7370606 7248535 122071 OTHER NONINTEREST INCOME 522130 1113431 1113431 36132922 1328571 1328571 5554503 5500610 53893 53893 53893 37515386 36010851 122071 1382464 23000 3201600 2144748 6661147 463223 1019694 769423 214355 147000 28615 499747 3165749 1121192 1684864 231640 18847 4892 2052970 187861 PROVISION FOR LOAN LOSS 2787952 PLASTIC CARD OPERATIONS 1807334 LOAN SERVICING 1007701 COMMUNITY RELATIONS 203950 643818 30091322 9888158 12570077 179718231 156299214 553061623 609579685 699681 699433 54966293 20753708 31087297 34212585 7561300 41816619 145292 21411 10261274 11818230 792422856 867017254 7704205 7800051 673763 745389 692790631 759793493 701168599 768338933 X 0 0 0 0 91254257 98678321 91254257 98678321 792422856 867017254 7424064 0 X 0 1 X 1 0 17000 17000 17000 1 CA CREDIT UNION LEAGUE PAC PO BOX 51476 ONTARIO CA 917610076 942329967 17000 PART I-A, LINE 1: SIERRA CENTRAL CREDIT UNION CONTRIBUTED FINANCIALLY TO THE CALIFORNIA CREDIT UNION LEAGUE'S POLITICAL ACTION COMMITTEE. 1 296254 1277944 1284202 289996 1 X 11137099 11137099 26161453 6684399 19477054 1410786 1372866 37920 16145310 12696443 3448867 111645 111645 34212585 MEMBER SHARES 759793493 759793493 X 37515386 0 37515386 0 37515386 30091322 0 30091322 0 30091322 PART IV, LINE 1B: WE HOLD ESCROW ACCOUNTS FOR LOANS THAT ARE NOT OWNED BY THE CREDIT UNION, BUT ARE SERVICED BY THE CREDIT UNION. PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE 23 23000 PART I, LINE 2: FUNDS FOR COLLEGE SCHOLARSHIPS ARE SENT DIRECLTY TO THE RECIPIENTS AND THE CREDIT UNION DOES NOT MONITOR THE USE OF THE FUNDS. X X X 1 1 X X X 0 1 0 JOHN CASSIDY CEO 380282 0 67153 0 39422 0 9574 0 43575 0 540006 0 37100 0 RON SWEENEY COO/EVP 375935 0 73210 0 36384 0 8521 0 61418 0 555468 0 35142 0 STEPHANIE DICKINSON CFO 198981 0 20000 0 367 0 0 0 57513 0 276861 0 0 0 STEVE HENDERSON SVP ISIT & FACILITIES 202798 0 20000 0 1689 0 0 0 41284 0 265771 0 0 0 DAVID KELSAY SVP LENDING 190193 0 20000 0 2436 0 0 0 55329 0 267958 0 0 0 DESIREE MANES SVP RETAIL BANKING 172654 0 20000 0 1997 0 0 0 44029 0 238680 0 0 0 CORINE DAVIS VP OF HR 121407 0 6000 0 962 0 0 0 28063 0 156432 0 0 0 BARBARA MENEFEE VP OF MARKETING 110444 0 6000 0 511 0 0 0 49571 0 166526 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - TRAVEL FOR COMPANIONS IS ONLY PROVIDED FOR BOARD AND SUPERVISORY COMMITTEE MEMBERS. EXPENSES ARE TRACKED DURING THE YEAR AND FORM 1099 IS FILED IF THE $600 REPORTING THRESHOLD IS MET. GROSS-UP PAYMENTS - THE CEO AND COO RECEIVED GROSS-UP PAYMENTS TO PAY TAXES ON THE VESTED PORTION OF THEIR DEFERRED COMPENSATION. SOCIAL CLUB DUES - GOLF CLUB DUES ARE PROVIDED TO SVPS AND ABOVE TO COVER THE COST OF THEIR DUES AT THE LOCAL GOLF CLUB. THIS AMOUNT IS INCLUDED IN THEIR W-2. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN AND RECEIVED THE FOLLOWING DISTRIBUTIONS: JOHN CASSIDY - $74,721 ROB SWEENEY - $67,442 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 A COPY OF FORM 990 WILL BE PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT ARISE; HOWEVER THERE IS NO OFFICIAL MONITORING PROCESS IN PLACE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS CONTRACT WITH AN EXTERNAL CONSULTING COMPANY TO PROVIDE COMPARABLE COMPENSATION DATA FOR LIKE POSITIONS. AFTER DISCUSSION AMONGST BOARD MEMBERS CONDUCTED IN CLOSED SESSION FORMAT, THE COMPENSATION PACKAGE, IN CONJUNCTION WITH THE EMPLOYEE CONTRACTS, WERE PRESENTED TO AND ACCEPTED BY THE CEO IN 2007. THE COO'S SALARY IS A PERCENTAGE OF THE CEO'S SALARY. THE PERCENTAGE IS DETERMINED BY THE BOARD AND IS UP TO THEIR DISCRETION. ALL OTHER OFFICERS AND KEY EMPLOYEE SALARIES WERE DETERMINED BY GATHERING COMPARABLE DATA FROM MULTIPLE SOURCES AND ANALYZING IT TO DETERMINE A SALARY. THIS INFORMATION WAS THEN PRESENTED TO JOHN CASSIDY, CEO AND RON SWEENEY, COO AND THEY BOTH APPROVED IT. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED INTERNALLY THROUGH THE ANNUAL APPRAISAL PROCESS, WHICH IS APPROVED BY THE IMMEDIATE SUPERVISOR. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART I, LINE 6 THE 10 VOLUNTEERS CONSIST OF THE 7 BOARD MEMBERS AND 3 SUPERVISORY COMMITTEE MEMBERS.