2017-05-23T09:34:27-05:00 2016-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2016-01-01 940335800 1ST UNITED SERVICES CREDIT UNION 1STU 9255984837 PO BOX 11746 PLEASANTON CA 94588 STEPHEN M STONE CHIEF FINANCIAL OFFICER 9255984702 2017-05-23 1 DOUGLAS J ORTH P01076394 3052328272 50.235.194.18 2017-05-23 10:32:33 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 062293E64DF58CF8D35332F263D6456F83B37FCF 2016 2021-01-29 14:40:06Z VICTOR QUINT PO BOX 11746 PLEASANTON CA 94588 35498805 0 1526 X WWW.1STUNITEDCU.ORG X 1932 CA TO PROVIDE A LIFETIME OF SIMPLER, FASTER, FRIENDLIER FINANCIAL SERVICES FOR OUR MEMBERS. 9 9 158 14 182857 -397817 0 0 27255883 29639133 2153035 2586151 2792765 3039737 32201683 35265021 12512 13439 0 0 12247928 12508708 0 0 0 15344317 17747922 27604757 30270069 4596926 4994952 858853382 936199168 768867382 843591852 89986000 92607316 X 1ST UNITED SERVICES CREDIT UNION (1ST USCU) SERVES MEMBERS PRIMARILY LOCATED IN THE EAST BAY OF THE SAN FRANCISCO BAY AREA, WITH A WIDE RANGE OF COMPETITIVELY PRICED PRODUCTS AND SERVICES. 1ST USCU OFFERS REAL ESTATE LOANS, NEW AND USED AUTO LOANS AND VISA CREDIT CARDS. REAL ESTATE LOANS COMPRISE APPROXIMATELY HALF OF 1ST USCU'S $700 MILLION LOAN PORTFOLIO. 0 0 1ST UNITED SERVICES CREDIT UNION OFFERS A COMPREHENSIVE PORTFOLIO OF SAVINGS AND LOAN PRODUCTS FOR MEMBERS. 1ST UNITED SERVICES' PRODUCTS ARE AN EXCELLENT VALUE, COMPETITIVELY PRICED AND EASY TO PURCHASE. ALL OF OUR PRODUCTS ARE AVAILABLE TO MEMBERS THROUGH OUR EXTENSIVE BRANCH NETWORK, VIA OUR MEMBER SERVICES CALL CENTER OR ONLINE AT WWW.1STUSCU.ORG. 1ST UNITED SERVICES OFFERS FINANCIAL PLANNING AND INVESTMENT SERVICES FOR OUR MEMBERS. THESE SERVICES ARE AVAILABLE AT NO COST TO ALL MEMBERS OF THE CREDIT UNION AND ARE DELIVERED THROUGH CUSO FINANCIAL SERVICES, A REGISTERED BROKER-DEALER. AT 1ST UNITED SERVICES, WE ARE KNOWN IN THE COMMUNITY FOR OUR FINANCIAL EDUCATION PROGRAM. THE CREDIT UNION OFFERS FINANCIAL EDUCATION SEMINARS IN OUR BRANCHES, ON-SITE PROGRAMS AT EMPLOYER LOCATIONS AND SELF-STUDY MATERIALS ON OUR WEBSITE AT WWW.1STUSCU.ORG. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 1 14843 0 1 158 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X 1ST UNITED SERVICES CREDIT UNION 9255984702 PO BOX 11746 PLEASANTON CA 94588 HOWARD T GARRIGAN CHAIRPERSON 1.00 X 8819 0 0 STEVE MANNING BOD MEMBER 1.00 X 0 0 0 NAOMI O BURNS BOD SECRETARY 1.00 X 8605 0 0 NEIL PETERSEN BOD TREASURER 1.00 X 8582 0 0 DIANA BONANNO BOD MEMBER 1.00 X 2130 0 0 GERALD DEMARIA BOD MEMBER 1.00 X 1624 0 0 TERESITA LAUIGAN BOD MEMBER 1.00 X 8819 0 0 DAVE MACDONALD V. CHAIRPERSON 1.00 X 8713 0 0 VELETA ALLEN BOD MEMBER 1.00 X 8520 0 0 RON THOMPSON BOD MEMBER 1.00 X 420 0 0 PATRICK O'CONNELL BOD MEMBER 1.00 X 7100 0 0 VICTOR QUINT PRESIDENT/CEO 40.00 X 429053 0 33158 STEPHEN M STONE CFO 40.00 X 187895 0 21157 GREGORY PULLIAM CAO 40.00 X 189119 0 21044 EDWARD RENTERIA COO 40.00 X 188592 0 24468 TOSHA EAGLES-WILLIAMS CLO 40.00 X 186526 0 14434 JOANNA UHL CIO 40.00 X 186884 0 28592 LAURA POERINK VP ELECTRONIC SERVICES 40.00 X 125101 0 24004 MIKE HUFFORD VP INFORMATION TECHNOLOGY 40.00 X 140458 0 25176 BRIAN REED VP BUSINESS INTELLIGENCE & 40.00 X 135680 0 13744 ANNE KENNY SVP LENDING 40.00 X 122172 0 16314 SARAH CECCHIN VP MARKETING 40.00 X 151411 0 21248 2106223 0 243339 12 0 1 0 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE PROCESSOR 1248962 DIEBOLD GLOBAL FINANCE PO BOX 644399 PITTSBURGH PA 15264 ATM PROCESSING 652012 BLUELINE ASSOCIATES INC 7011 KOLL CENTER PARKWAY SUITE 150 PLEASANTON CA 94566 CONTRACTOR 310087 IMPERIAL PRINTINGIMPERIAL PRINTINGIM 481 VENDELL WAY CAMPBELL CA 95008 PRINTING SERVICES 292208 NCR CORPORATION 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ATM VENDOR 284194 25 INCOME ON LOANS 522100 25970823 25970823 FEES AND CHARGES 522100 3485453 3485453 UNRELATED BUSINESS INCOME 900099 182857 182857 29639133 2556331 2556331 263604 233784 29820 29820 29820 OTHER OPERATING INCOME 522100 3039737 3039737 3039737 35265021 32525833 182857 2556331 X 13439 1574254 8404617 639405 1116934 773498 114443 138343 96371 90918 315262 773052 340232 2567680 1182199 52024 389609 3803728 71830 787019 300867 VISA DEBIT/CREDIT 1877722 PROVISION FOR LOAN LOSS 1387920 MAINTENANCE 737219 SHARE DRAFT BILL PAY EX 713178 2008306 30270069 6138515 5619026 61671331 54094922 87890 1340266 629494249 714336286 1294605 1163584 23518607 15422660 8791299 8095947 135502334 134591284 4834600 4308800 11038559 12649053 858853382 936199168 2756340 2930048 766111042 840661804 768867382 843591852 X 0 0 0 0 89986000 92607316 89986000 92607316 858853382 936199168 4994952 -2373636 0 X X 0 1 X 1 0 1760872 1760872 7594990 3992301 3602689 3874207 2953553 920654 10288538 8476806 1811732 8095947 REGULAR SHARES 175472565 SHARE DRAFTS 111440013 MONEY MARKET SHARES 250561461 SHARE CERTIFICATES 254272473 IRA/CD SHARES 48915292 840661804 X 35265021 0 35265021 0 35265021 30270069 0 30270069 0 30270069 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. 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. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. 1 ALAMEDA COUNTY FOOD BANK 7900 EDGEWATER DRIVE OAKLAND CA 94621 942960294 501(C)(3) 13439 FOOD BANK SERVICES 1 X X X 0 0 0 VICTOR QUINT PRESIDENT/CEO 390221 0 38832 0 0 0 16150 0 17008 0 462211 0 0 0 STEPHEN M STONE CFO 186403 0 1492 0 0 0 13037 0 8120 0 209052 0 0 0 GREGORY PULLIAM CAO 186167 0 2952 0 0 0 13020 0 8024 0 210163 0 0 0 EDWARD RENTERIA COO 186403 0 2189 0 0 0 13037 0 11431 0 213060 0 0 0 TOSHA EAGLES-WILLIAMS CLO 185042 0 1484 0 0 0 12941 0 1493 0 200960 0 0 0 JOANNA UHL CIO 186108 0 776 0 0 0 12954 0 15638 0 215476 0 0 0 MIKE HUFFORD VP INFORMATION TECHNOLOGY 139545 0 913 0 0 0 9792 0 15384 0 165634 0 0 0 SARAH CECCHIN VP MARKETING 150958 0 453 0 0 0 9923 0 11325 0 172659 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS. 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 THE ACCOUNTING MANAGER AND VICE PRESIDENT OF HUMAN RESOURCES GATHER THE INFORMATION. THE VICE PRESIDENT OF FINANCE, CFO AND CEO REVIEW FORM 990. UPON COMPLETION, A COPY OF THE FORM IS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO EMPLOYEES IN THE EMPLOYEE HANDBOOK. ANNUALLY, EMPLOYEES ARE REMINDED AND ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ THE POLICY, AS WELL AS THE OTHER SECTIONS IN THE HANDBOOK. MANAGERS ARE HELD ACCOUNTABLE TO MONITOR ADHERENCE TO THE POLICY AND TO ENSURE THEIR EMPLOYEES UNDERSTAND IT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AT THE CREDIT UNION IS GOVERNED BY A BOARD OF DIRECTORS APPROVED SALARY ADMINISTRATION POLICY. THE CREDIT UNION SETS COMPENSATION RANGES FOR ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, USING A THIRD PARTY COMPENSATION CONSULTING FIRM. THIS THIRD PARTY ORGANIZATION PROVIDES COMPENSATION INFORMATION AND SALARY RANGES FOR COMPANIES NATIONWIDE. SALARY RANGES ARE DEVELOPED THROUGH NATIONWIDE, INDUSTRY-SPECIFIC COMPENSATION SURVEYS AND COMPENSATION BENCHMARKING FOR KEY POSITIONS. THE BOARD OF DIRECTORS APPROVE THE SALARY RANGES AND EVALUATE ANY ANNUAL CHANGES RECOMMENDED BY THE THIRD PARTY FIRM. SALARY LEVELS AND JOB GRADES FOR INDIVIDUAL POSITIONS ARE DETERMINED USING A JOB EVALUATION PROCESS PROVIDED BY THE THIRD PARTY FIRM. FORM 990, PART VI, SECTION C, LINE 19 GENERALLY, GOVERNING DOCUMENTS/POLICIES ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC OR TO MEMBERS. MONTHLY FINANCIAL RESULTS ARE PUBLICLY POSTED. FORM 990, PART IX, LINE 24E LOAN SERVICING 667,338. ATM EXPENSE 459,941. MISCELLANEOUS 186,023. HUMAN RESOURCES 138,146. ASSET RECOVERY 132,718. AFI/DSI ANNUAL ASSESSMENT 127,512. SECURITY 102,840. BOARD/SUPERVISORY COMMITTEE EXPENSE 60,759. TRAINING/DEVELOPMENT/EDUCATION 55,163. GOODWILL 39,450. S & D 38,416. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.