2017-11-15T16:09:06-06:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 951679662 FIRST CITY CREDIT UNION FIRS 2134823477 717 WEST TEMPLE STREET LOS ANGELES CA 90012 JAMES MILLER SVP/CHIEF FINANCIAL OFFICER 2134823477 2017-11-13 1 GERALD B KISSELL P00092658 6123324300 108.171.131.188 2017-11-13 12:00:51 CS P 953010FE7B7688CAE4F675E199EC7561F371B919 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 2016 2017-02-10 21:41:12Z TERRY O'STEEN 717 WEST TEMPLE STREET LOS ANGELES CA 90012 22917307 0 X WWW.FIRSTCITYCU.ORG X 1937 CA TO PROVIDE A HIGH QUALITY OF FINANCIAL SERVICES TO OUR MEMBERSHIP BASE IN A MANNER THAT ALLOWS COMPETITIVE PRODUCTS AND SERVICES AS WELL AS SAFETY AND SOUNDNESS OF MEMBER ASSETS. 7 7 160 10 461294 -300329 0 0 18389749 19989311 2489303 2725027 124091 114104 21003143 22828442 0 0 819077 994391 8006517 8414734 0 0 0 9561775 11222686 18387369 20631811 2615774 2196631 562095592 606855893 496126305 538947715 65969287 67908178 X FIRST CITY CREDIT UNION EXISTS TO SERVE ITS MEMBERS. THE CREDIT UNION IS COMMITTED TO OFFER A BROAD RANGE OF QUALITY FINANCIAL SERVICES, DELIVERED AND PRICED TO PROVIDE GOOD VALUE. THE CREDIT UNION SHALL MAINTAIN FINANCIALLY SOUND AND ETHICAL PRACTICES TO MERIT CONFIDENCE AND TRUST. 0 0 RETAIL LENDING: FIRST CITY CREDIT UNION PROVIDES A FULL RANGE OF RETAIL LENDING PRODUCTS TO ITS MEMBERS, INCLUDING NEW AND USED AUTO FINANCING, REAL ESTATE MORTGAGES, UNSECURED LOANS, HOME EQUITY LINES OF CREDIT AND OTHER RETAIL CREDIT. WE ARE AMONG THE LEADING CREDIT UNIONS IN THE COUNTRY IN TERMS OF OUR RELATIVE CONCENTRATION OF SUCCESSFUL AUTO LENDING PRODUCTS, WHICH REPRESENT 70% OF OUR TOTAL LOANS. WE CONTINUE TO DEVELOP OUR LENDING CAPABILITIES AS A RELIABLE SOURCE OF CREDIT IN THE CHALLENGING ECONOMIC CONDITIONS OF THE PAST YEAR. AT 12/31/2016 FCCU HAD 53,280 MEMBERS AND 24,718 LOANS OUTSTANDING WITH A TOTAL BALANCE OF $295,531,329. DEPOSITS: FIRST CITY CREDIT UNION PROVIDES A FULL RANGE OF RETAIL DEPOSIT PRODUCTS TO ITS MEMBERS TO PROVIDE A SAFE AND INSURED INVESTMENT VEHICLE TO HELP FINANCIAL MANAGEMENT. THIS INCLUDES BOTH FIXED TERM CERTIFICATES OF DEPOSIT AND NON-MATURING DEPOSITS, SUCH AS MONEY MARKET ACCOUNTS. WE ALSO PROVIDE A FULL RANGE OF CHECKING ACCOUNT PRODUCTS THAT ALLOW OUR MEMBERS TO MANAGE THEIR DAY-TO-DAY FINANCES EFFECTIVELY THROUGH SUCH SERVICES AS DIRECT DEPOSIT OF PAYROLL AND ON-LINE BILL PAYMENT. OUR NETWORK OF 7 BRANCHES PROVIDE EASY ACCESS TO OUR DEPOSIT AS WELL AS OTHERS PRODUCTS. AT 12/31/2016 FCCU HAD 96,354 SHARES WITH A TOTAL DEPOSIT BALANCE OF $534,946,154. CARD SERVICES: FIRST CITY CREDIT UNION PROVIDES CREDIT CARDS AND DEBIT CARDS TO ITS MEMBERS. THESE PROVIDE THEM THE CASH MANAGEMENT TOOLS NECESSARY FOR MUCH OF THE ONGOING PURCHASES AND BILL PAYMENTS ON A DAILY BASIS. THEY ALSO PROVIDE THE ABILITY TO MANAGE FINANCES WITH A VARIETY OF OPTIONS, E.G., DEFERRING PAYMENTS UNTIL CASH IS AVAILABLE TO PAY OR MAKING PURCHASES WITH A DIRECT DEBIT WHEN PHYSICAL CHECKS ARE NOT ACCEPTED BY A MERCHANT. 0 0 0 0 0 0 0 0 0 1 1 0 0 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 8176 0 1 160 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 1 1 1 1 1 1 0 CA X TRAM NGUYEN 2134823477 717 WEST TEMPLE STREET LOS ANGELES CA 90012 WILLA J GLOVER CHAIR 1.00 X X 0 0 0 BARBARA OLIVER VICE CHAIR 1.00 X X 0 0 0 JOSEPH R MILLNER JR TREASURER 1.00 X X 0 0 0 ALISON BIRNIE SECRETARY 1.00 X 0 0 0 JAMES D LIKENS DIRECTOR 1.00 X 0 0 0 ROBERT J CIULIK DIRECTOR 1.00 X 0 0 0 CARROL E LEAONARD DIRECTOR 1.00 X 0 0 0 TERRY O'STEEN CEO 40.00 X 534509 0 43179 JAMES MILLER EVP/CFO 40.00 X 240689 0 22444 STEVEN GILNER SVP/INTERNAL SERVICES 40.00 X 196396 0 19859 TRAM NGUYEN VP OF FINANCIAL SERVICES 40.00 X 136716 0 13805 QAMAR NOORY VP OF INFORMATION SYSTEMS 40.00 X 141319 0 12905 DAVID WONG VP OF MARKETING 40.00 X 134411 0 12002 MARY BOLOSE VP OF MEMBER SERVICES 40.00 X 106967 0 26924 SCOTT HOLLAND VP OF LENDING 40.00 X 111370 0 24428 1602377 0 175546 8 0 1 0 DIGITAL INSIGHT CORPORATION 1300 SEAPORT BLVD 300 REDWOOD CITY CA 94063 WEBSITE 632433 FINANCIAL TECHNOLOGY SOLUTIONS 406 E HUNTINGTON DR 100 MONROVIA CA 91016 ATM SERVICE 504757 BUSINESS DATA INC 321 NO OAK STREET INGLEWOOD CA 90302 MAILING HOUSE 398149 JACK HENRY & ASSOCIATES INC 663 WEST HWY 60 MONETT MO 65708 IN-HOUSE SYSTEM 208220 PLATINUM SECURITY INC 1640 S SEPULVEDA BLVD LOS ANGELES CA 90025 GUARD SERVICE 190941 11 LOAN INCOME 522100 13388164 13388164 FEES & SERVICE CHARGES INCOME 522100 6223450 5830166 393284 INSURANCE COMMISSIONS 522100 377697 309687 68010 19989311 2725027 2725027 202969 88865 114104 114104 114104 22828442 19528017 461294 2839131 994391 1063206 5876865 161734 782415 530514 276295 67370 370130 375503 1576283 1033624 1365083 41975 61287 584281 204315 PROVISION FOR LOAN LOSS 2274004 VISA 1268850 ATM EXPENSE 982748 LOAN SERVICE 618273 122665 20631811 6488718 6348129 1217074 1480456 264313607 293273921 651211 756177 17316489 12649753 4630428 4666736 277878681 293155554 160314 137814 6755559 7037106 562095592 606855893 2454451 3904668 493671854 535043047 496126305 538947715 X 0 0 0 0 65969287 67908178 65969287 67908178 562095592 606855893 2196631 -257740 0 X 0 1 X 1 0 1000000 1000000 5517374 3255222 2262152 1690975 1491947 199028 9108140 7902584 1205556 4666736 CERTIFICATES OF DEPOSIT 52941203 F WESCORP/MONEY MARKET 58056579 F AVAILABLE FOR SALE SECURITIES 138078363 F HELD TO MATURITY SECURITIES 44079409 C 293155554 MEMBER SHARES 535043047 535043047 X 22828442 0 22828442 0 22828442 20631811 0 20631811 0 20631811 PART X, LINE 2: 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 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. X X 0 0 0 TERRY O'STEEN CEO 318270 0 40000 0 176239 0 10087 0 35592 0 580188 0 0 0 JAMES MILLER EVP/CFO 197816 0 27500 0 15373 0 6522 0 18245 0 265456 0 0 0 STEVEN GILNER SVP/INTERNAL SERVICES 162423 0 20000 0 13973 0 6436 0 14730 0 217562 0 0 0 TRAM NGUYEN VP OF FINANCIAL SERVICES 126171 0 7500 0 3045 0 5099 0 8706 0 150521 0 0 0 QAMAR NOORY VP OF INFORMATION SYSTEMS 138111 0 0 0 3208 0 5281 0 8835 0 155435 0 0 0 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 FORM 990 IS REVIEWED IN DETAIL BY THE CONTROLLER AND CFO, FOCUSING ON BACK-UP SUPPORTING DETAIL AS NEEDED PRIOR TO ITS FILING. A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEE ACTIVITIES ARE MONITORED BY OUR AUDIT DEPARTMENT ON A REGULAR BASIS. THIS IS DONE THROUGH THE USE OF REPORTS, SYSTEMS, AUDITS, ETC. IN ADDITION, EACH MANAGER MONITORS THE ACTIVITY OF THEIR STAFF MEMBERS TO ENSURE BEST PRACTICES AND ELIMINATE THE ABILITY FOR BEHAVIOR THAT CONFLICTS WITH THE CREDIT UNION'S CODE OF CONDUCT. FORM 990, PART VI, SECTION B, LINE 15 FIRST CITY PARTICIPATES IN SEVERAL INDUSTRY-RELATED COMPENSATION SURVEYS EVERY YEAR. DATA FROM THE SURVEYS IS THEN REVIEWED AND ANALYZED, BASED ON FACTORS SUCH AS REGION, AREA, "COMPARABLE" PAY DATA, AND RANGE ARE DETERMINED FOR EACH POSITION. WITH MIDPOINT REPRESENTING MARKET SALARY FOR AN EXPERIENCED INCUMBENT, WE DETERMINE PLACEMENT WITHIN THE EMPLOYEES WITH COMPARABLE EXPERIENCE AND RESPONSIBILITY OF POSITION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT ALL LOCATIONS FOR VIEWING AND ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).