2017-10-10T19:39:46-05:00 2016-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2016-01-01 951652773 FIRST IMPERIAL CREDIT UNION FIRS 7603521540 1602 W MAIN STREET EL CENTRO CA 92243 FIDEL GONZALEZ CEO 7603521540 2017-10-04 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2017-10-04 11:33:35 PD P F53CDBC3F18316389D6CFA617EE7B9AF17900040 35BB90D26B3E805B7A3B8DA7F72400C36D24A4F1 2016 2021-01-29 14:40:06Z FIDEL GONZALEZ 1602 W MAIN STREET EL CENTRO CA 92243 6504697 0 X WWW.FICU.COM X CREDIT UNION 1942 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 69 10 24033 -48279 0 0 5708911 6247928 182123 256769 0 0 5891034 6504697 8526 2584 0 0 2108242 2325069 0 0 0 2845920 3208775 4962688 5536428 928346 968269 84942117 95364070 76106637 85740948 8835480 9623122 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 APPROVED 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, FIRST IMPERIAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO MEMBERS INCLUDING ACCESS TO SHARE ACCOUNTS, CERTIFICATES OF DEPOSIT AND RETIREMENT SAVINGS ACCOUNTS, WITH ACTIVE PROMOTION OF ATM/DEBIT CARDS, ELECTRONIC BILL PAY AND HOME BANKING. MEMBERS ALSO HAVE ACCESS TO CONSUMER LOANS INCLUDING VEHICLE LOANS, PERSONAL LINES OF CREDIT AND CREDIT CARDS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1278 0 1 69 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X X ROGELIO GAMEZ ACCOUNTING MANAGER 7603521540 1602 W MAIN STREET EL CENTRO CA 92243 DR VICTOR JAIME CHAIRPERSON 5.00 X 0 0 0 KATIE LUNA VICE CHAIRPERSON 5.00 X 0 0 0 DON CAMPBELL BOARD SECRETARY 5.00 X 0 0 0 CHRISTOPHER PETREE BOARD TREASURER 5.00 X 0 0 0 JOSH MERCADO BOARD MEMBER 5.00 X 0 0 0 TUEN CHUN BOARD MEMBER 5.00 X 0 0 0 MICHAEL CAMPBELL BOARD MEMBER 5.00 X 0 0 0 STEVE ESCALERA SUPV CMTE CHAIRPERSON 5.00 X 0 0 0 LUIS HERNANDEZ SUPV CMTE MEMBER 5.00 X 0 0 0 RICHARD MORALES SUPV CMTE MEMBER 5.00 X 0 0 0 FIDEL GONZALEZ PRESIDENT/CEO 40.00 X 188257 0 13361 CUAUHTEMOC DE LA TORRE EVP/CFO 40.00 X 141264 0 19429 329521 0 32790 2 0 1 0 JACK HENRY & ASSOCIATES INC P O BOX 609 MONETT MO 96708 INFORMATION PROCESSING SOLUTIONS 306946 COOK SECURITY GROUP INC 5841 SE INTERNATIONAL WAY MILWAUKEE OR 97222 ATM SERVICES 163089 2 INTEREST ON LOANS 522100 4183117 4183117 FEE INCOME 522100 1508823 1484790 24033 OTHER OPERATING INCOME 522100 555988 555988 6247928 256769 256769 6504697 6480664 24033 0 2584 329521 1485379 195277 149373 165519 41016 46500 151916 151914 663313 349584 263774 57511 373434 267938 112284 PROVISION FOR LOAN & LE 362565 MISCELLANEOUS EXPENSE 200980 LOAN SERVICING EXPENSE 155243 OPERATING FEES 10777 26 5536428 2060430 2326402 7633661 8382182 0 102983 5918732 1786620 3612370 4132112 69900522 77305908 1735134 3114483 84942117 95364070 958482 1408808 75148155 84332140 76106637 85740948 X 0 0 0 0 8835480 9623122 8835480 9623122 84942117 95364070 X 968269 14094 -194721 X X 0 1 X 1 0 853619 853619 2839763 490994 2348769 428513 186633 241880 1796837 1108993 687844 4132112 ALL OTHER INVESTMENTS 20000 F DEPOSITS IN COMMERCIAL BANKS 10178000 C LOANS AND LEASES 62282179 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 757188 C LOANS TO NATURAL PERSON CREDIT UNIONS 750000 C AVAILABLE FOR SALE SECURITIES 2899769 F HELD-TO MATURITY SECURITIES 249070 F PAID-IN CAPITAL AT CORP 169702 C 77305908 TOTAL SHARES AND DEPOSITS 84332140 84332140 X 6504697 0 6504697 0 6504697 5536428 0 5536428 0 5536428 PART X, LINE 2: ASC 740-10-65 (FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF SFAS NO. 109) WAS ISSUED TO CREATE A SINGLE MODEL TO ADDRESS ACCOUNTING UNCERTAINTY IN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE CREDIT UNION ADOPTED THIS STANDARD ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. X X X 0 0 0 FIDEL GONZALEZ PRESIDENT/CEO 172632 0 5775 0 9850 0 5123 0 8238 0 201618 0 0 0 CUAUHTEMOC DE LA TORRE EVP/CFO 133234 0 4542 0 3488 0 3982 0 15447 0 160693 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 FIRST IMPERIAL 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. FIRST IMPERIAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF FIRST IMPERIAL 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 BOARD REVIEWS THE FORM 990 AS PART OF THE MONTHLY PACKET IN THE MONTH OF FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD, STAFF AND MANAGEMENT OF THE ORGANIZATION REVIEW THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGE COMPLIANCE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO, OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY ANALYZING THE LATEST CUNA SALARY REPORT. THE CEO THEN PROPOSES A SALARY SCALE FOR BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS FOR THE CREDIT UNION ARE AVAILABLE ON A MONTHLY BASIS AND POSTED WITHIN THE BRANCH. FINANCIAL STATEMENTS ARE ALSO POSTED TO A SECURE WEBSITE AVAILABLE TO THE GOVERNING BOARD MEMBERS. FORM 990, PART XI, LINE 9: CHANGE IN OCI -194,721. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.