2017-11-15T18:43:32-06:00 2016-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2016-01-01 951288265 WESCOM CENTRAL CREDIT UNION DBA WESCOM CREDIT UNION WESC 8884937266 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 CINDY LAW VP/CONTROLLER 8884937266 2017-11-07 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2017-11-07 13:39:53 PS P AAA51A721A1433521015D48D976EB051C184777B F53CDBC3F18316389D6CFA617EE7B9AF17900040 2016 2021-01-29 14:40:06Z CINDY LAW 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 1565283000 0 X WWW.WESCOM.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 896 27 22598993 -567532 0 0 124467063 132901731 36525904 37021738 6089631 75223 167082598 169998692 196658 265699 0 0 67652999 72038081 0 0 0 76955111 76276245 144804768 148580025 22277830 21418667 2993531165 3179343177 2800204339 2947528309 193326826 231814868 X THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS. 0 0 THE CREDIT UNION HAD $3.19 BILLION IN ASSETS, $1.9 BILLION IN LOANS AND $2.59 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2016. THE CREDIT UNION FUNDED 81,112 MEMBER LOANS WITH A TOTAL BALANCE OF $808 MILLION. THE CREDIT UNION'S 2016 INITIATIVES WERE FOCUSED ON ENHANCING SECURITY, INCREASING INVOLVEMENT IN THE COMMUNITY, AND LOAN GROWTH. THE CREDIT UNION ADDED NEW ACCOUNT ALERTS TO HELP MEMBERS KEEP TRACK OF THEIR FINANCES AND ISSUED CHIP CARDS TO IMPROVE SECURITY AND PREVENT FRAUD. AS THE OFFICIAL FINANCIAL INSTITUTION FOR UCLA ATHLETICS AND THE ROSE BOWL STADIUM, AND THROUGH INCREASED DEPLOYMENT OF BIG BLUE - THE WESCOM MOBILE BRANCH - AND PARTICIPATION IN MORE THAN 50 UNIQUE COMMUNITY EVENTS, THE CREDIT UNION WAS ABLE TO INCREASE BRAND AWARENESS AND HELP MORE COMMUNITIES THROUGHOUT SOUTHERN CALIFORNIA. THIS CONTRIBUTED TO A MORE THAN SIX PERCENT INCREASE IN NEW MEMBERS IN 2016. THE CREDIT UNION ALSO EXPERIENCED LOAN GROWTH IN 2016 AS IT OFFERED LENDING OPTIONS TO FIT MEMBERS' NEEDS AND BUDGETS, HOSTED SEMINARS TO HELP MEMBERS BETTER UNDERSTAND LENDING OPTIONS AVAILABLE TO THEM, AND MAINTAINED COMPETITIVE INTEREST RATES. THE CREDIT UNION THROUGH ITS WECARE FOUNDATION DONATED MORE THAN $190,000 AND THOUSANDS OF VOLUNTEER HOURS TO HELP WORTHY CAUSES THROUGHOUT SOUTHERN CALIFORNIA. THE CREDIT UNION SUPPORTED THE MS BIKE TOUR, MARCH OF DIMES WALK AMERICA 2016, CHOC WALK IN THE PARK, AND THE RELAY FOR LIFE AMONG MANY OTHER EVENTS. CREDIT UNION EMPLOYEES ALSO PARTICIPATED IN THE WALK TO END ALZHEIMER'S, SPECIAL OLYMPICS PLANE PULL, AND A BACK PACK DRIVE DURING THE SUMMER. THE CREDIT UNION HOSTED 62 FINANCIAL LITERACY AND EDUCATION SEMINARS FOR MEMBERS AND THE COMMUNITIES THE CREDIT UNION SERVES IN 2016. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 77750 0 1 896 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X CINDY LAW VPCONTROLLER 8884937266 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 VIRGINIA C PANOSSIAN CHAIRMAN 2.00 X 1226 0 0 NOEL ROSS VICE CHAIRMAN 2.00 X 1012 0 0 JAVIER MORALES SECRETARY 2.00 X 1194 0 0 RON FISCHER TREASURER 2.00 X 741 0 0 GINA FRIEDRICH DIRECTOR 2.00 X 170 0 0 ROBERT GRAHAM DIRECTOR 2.00 X 2887 0 0 DANIEL KRAUS DIRECTOR 2.00 X 105 0 0 JEFF LUONG DIRECTOR 2.00 X 734 0 0 VICTOR MOY DIRECTOR 2.00 X 0 0 0 ARMANDO NODAL DIRECTOR 2.00 X 1117 0 0 BRAD SELBY DIRECTOR 2.00 X 836 0 0 THOMAS SUTER SUPV CMTE CHAIRMAN 2.00 X 0 0 0 LARRY MCCAULEY SUPV CMTE VICE CHAIR 2.00 X 50 0 0 DAVID ASEM SUPV CMTE MEMBER 2.00 X 0 0 0 KRISTINA DIXON SUPV CMTE MEMBER 2.00 X 0 0 0 RICK WIEDEMANN SUPV CMTE MEMBER 2.00 X 3318 0 0 WILL BROWN DIRECTOR EMERITUS 2.00 X 0 0 0 ADHAM CHEHAB ASSOCIATE DIRECTOR 2.00 X 0 0 0 KAMILLE DICKEY ASSOCIATE DIRECTOR 2.00 X 526 0 0 DAVID MARTIN ASSOCIATE DIRECTOR 2.00 X 0 0 0 PHIL PERKINS ASSOCIATE DIRECTOR 2.00 X 0 0 0 GARRETT SCHNEIDER ASSOCIATE DIRECTOR 2.00 X 0 0 0 DARREN WILLIAMS PRESIDENT & CEO 40.00 X 963938 0 64322 IRVING CHIU HENG YU SVP FINANCE & CFO 40.00 X 301443 0 50222 JANE WOOD EVP & COO 40.00 X 803552 0 37756 KEITH PIPES EVP LENDING & FINANCIAL SERVICES 40.00 X 495589 0 17162 KEVIN SARBER SVP TECHNOLOGY & DELIVERY 40.00 X 355251 0 41049 SUSAN R MCCREADY SVP MEMBER SERVICES 40.00 X 328431 0 43966 CHARLES THOMAS SENIOR VP LENDING 40.00 X 323672 0 25002 TIMOTHY DOLAN SENIOR VP FINANCIAL SERVICES 40.00 X 321940 0 32798 DEENA OTTO SENIOR VP ADMINISTRATION 40.00 X 284571 0 33050 RON WILSIE VP CUSO MORTGAGE 40.00 X 238629 0 35206 DAVID GUMPERT-HERSH VP BUSINESS ANALYTICS 40.00 X 237967 0 23325 DAVID CERWINSKI VP SALES & CLIENT SERVICE 40.00 X 235315 0 29771 RAFAEL N GUERRA PRESIDENT WIS 40.00 X 233756 0 27813 JONATHON BAUMAN VP LOAN SERVICE & DEFAULT 40.00 X 230533 0 30305 CINDY CHING-CHING LAW VP FINANCE 40.00 X 222531 0 43794 MELISSA PEDERSON VP BRANCH OPERATIONS 40.00 X 216963 0 15242 KATHIE CHISM VP BRANCH OPERATIONS 40.00 X 211875 0 25938 CONNIE MONICA KNOX PRESIDENT WFS 40.00 X 201905 0 24797 THOMAS GOOCH VP INFORMATION TECHNOLOGY 40.00 X 194693 0 28097 STEPHANIE WINKLER VP HRD & WESCOM UNIVERSITY 40.00 X 184068 0 19081 ANTHONY BENDER FORMER VP IMPLEMENTATION 40.00 X 178093 0 36518 ADRIANA WELCH VP CONSUMER LENDING 40.00 X 175752 0 15028 KAREN FALL VP MEMBER SERVICES 40.00 X 173649 0 29592 JOSEPH PAZIENZA FORMER VP REAL ESTATE LENDING 40.00 X 167958 0 8993 KWE PAN SALES MANAGER 40.00 X 358961 0 32200 OFELIA TELLEZ LOAN OFFICER 40.00 X 315719 0 28701 STEVEN MCCORMICK FORMER FINANCIAL ADVISOR 40.00 X 307617 0 24505 DANOVA CHOW FINANCIAL ADVISOR 40.00 X 300642 0 32538 CONOR MURRAY LOAN OFFICER 40.00 X 294326 0 29054 8873255 0 885825 105 0 1 0 SIERRA GROUP 560 RIVERDALE DRIVE GLENDALE CA 91204 BUILDING MAINTENANCE 1120123 GRAIL BRAND DESIGN LLC 12 CORPORATE PLAZA DRIVE SUITE 200 NEWPORT BEACH CA 92660 ADVERTISING 894410 QUAKLEEN CO 7221 GARDEN GROVE BLVD SUITE LM GARDEN GROVE CA 92841 JANITORIAL SERVICES 823668 SECURITAS SECURITY SERVICES USA INC FILE 57220 LOS ANGELES CA 90074 SECURITY SERVICES 385917 CROWE HORWATH PO BOX 51660 LOS ANGELES CA 90051 AUDIT SERVICES 319500 15 X INTEREST INCOME 522100 74923190 74914824 8366 FEE INCOME 522100 31948863 31478142 470721 OTHER OPERATING INCOME 522100 26029678 3909772 22119906 132901731 31729630 31729630 1400546416 30000 1395245937 38371 5300479 -8371 5292108 5292108 OTHER NON-OPERATING IN 522100 75223 75223 75223 169998692 147399699 22598993 0 X 265699 8873255 49760664 2808911 6460363 4134888 1385174 251399 490569 3824752 14477869 3557479 7051093 1043979 18858652 10238125 1009897 TAX EXPENSE 65714 LOAN SERVICING EXPENSE 8579417 MISC. OPERATING EXPENSE 3506513 PROVISION FOR LOAN AND 940000 995613 148580025 22202724 18834229 79536239 96072615 8709447 9384568 4930045 4927716 204060316 139539820 67241419 64520496 1033812091 989707976 1715853127 1928829209 9984482 9918884 51261591 57147484 2993531165 3179343177 67722741 80851808 2732481598 2866676501 2800204339 2947528309 X 0 0 0 0 193326826 231814868 193326826 231814868 2993531165 3179343177 X 21418667 16784158 285217 X X 0 1 X 1 0 17000 17000 17000 1 CCUL - PAC 1201 K STREET 1050 SACRAMENTO CA 95814 940357265 17000 PART I-A, LINE 1: CONTRIBUTION TO CCUL - PAC 9390319 9390319 64451256 33332779 31118477 10801963 7543885 3258078 117542054 98663156 18878898 1874724 1874724 64520496 LOANS AND INVESTMENTS IN NATURAL PERSON CUS 200821 C ALL OTHER INVESTMENTS 32361500 F LOANS AND LEASES 1872612380 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 23654508 C 1928829209 OTHER NOTES AND INTEREST PAYABLE 96111749 SHARES AND DEPOSITS 2769836505 DEFERRED REVENUE 728247 2866676501 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX AS FURTHER DISCUSSED IN NOTE 12. THE CREDIT UNION'S WHOLLY-OWNED SUBSIDIARIES, WESCOM INSURANCE SERVICES, LLC, CUSO MORTGAGE, INC., WESCOM FINANCIAL SERVICES, LLC, AND WESCOM RESOURCES GROUP, LLC ARE SUBJECT TO STATE AND FEDERAL INCOME TAX. OPERATIONS OF THE WHOLLY OWNED SUBSIDIARIES RESULTED IN AN INSIGNIFICANT AMOUNT OF INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE SUBSIDIARIES ARE SUBJECT TO U.S. FEDERAL INCOME TAX AS WELL AS INCOME TAX OF THE STATE OF CALIFORNIA. THE SUBSIDIARIES ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2012. THE SUBSIDIARIES RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN OTHER EXPENSE. THERE WERE NO INTEREST OR PENALTIES RECORDED IN 2016 AND 2015. 1 CALIFORNIA LEAGUE SERVICES CORPORATION - AN AFFILIATE OF THE CALIFORNIA CRE 2855 E GUASTI RD SUITE 600 ONTARIO CA 91761 952626042 501(C)(3) 5582 FMV TO PROVIDE FINANCIAL SUPPORT TO SPONSOR COMMUNITY SERVICE OPPORTUNITIES CHILDRENS MIRACLE NETWORK 4650 SUNSET BLVD LOS ANGELES CA 90027 870387205 501(C)(3) 77084 FMV TO IMPROVE FACILITIES AND HEALTHCARE FOR SICK AND INJURED CHILDREN RICHARD MYLES JOHNSON EDUCATIONAL FOUNDATION 2855 E GUASTI RD SUITE 600 ONTARIO CA 91761 956141173 501(C)(3) 38300 FMV TO PROVIDE SUPPORT FOR FINANCIAL EDUCATION EFFORTS OF CREDIT UNIONS THE SHAPIRO GROUP PO BOX 3000 RANCHO CUCAMONGA CA 91729 940357265 501(C)(3) 10000 FMV TO PROVIDE FINANCIAL SUPPORT TO SMALLER CREDIT UNIONS NATIONAL MS SOCIETY-PACIFIC SOUTH COAST CHAPTER 12121 SCRIPPS SUMMIT DR 190 SAN DIEGO CA 92131 952633200 501(C)(3) 5000 FMV MS BIKE RIDE SUPPORTMS BIKE RIDE SUPPORTMS BIKE RIDE SUPPORT WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 53705 396093210 501(C)(3) 7500 FMV GWLN/CCUL LUNCHEON SPONSORSHIP WESCOM'S WECARE FOUNDATION 123 SOUTH MARENGO AVE PASADENA CA 91101 311709115 501(C)(3) 96875 FMV TO PROVIDE FINANCIAL SUPPORT TO SPONSOR COMMUNITY SERVICE OPPORTUNITIES 7 0 X X 1 1 X X X X 0 1 0 DARREN WILLIAMS PRESIDENT & CEO 664574 0 262124 0 37240 0 33900 0 30422 0 1028260 0 0 0 IRVING CHIU HENG YU SVP FINANCE & CFO 229696 0 57432 0 14315 0 15900 0 34322 0 351665 0 0 0 JANE WOOD EVP & COO 346823 0 133007 0 323722 0 15900 0 21856 0 841308 0 0 0 KEITH PIPES EVP LENDING & FINANCIAL SERVICES 343073 0 129113 0 23403 0 15900 0 1262 0 512751 0 0 0 KEVIN SARBER SVP TECHNOLOGY & DELIVERY 271114 0 67830 0 16307 0 15900 0 25149 0 396300 0 0 0 SUSAN R MCCREADY SVP MEMBER SERVICES 249118 0 62049 0 17264 0 13544 0 30422 0 372397 0 0 0 CHARLES THOMAS SENIOR VP LENDING 252135 0 49998 0 21539 0 10924 0 14078 0 348674 0 0 0 TIMOTHY DOLAN SENIOR VP FINANCIAL SERVICES 245603 0 59974 0 16363 0 13492 0 19306 0 354738 0 0 0 DEENA OTTO SENIOR VP ADMINISTRATION 227215 0 52961 0 4395 0 13523 0 19527 0 317621 0 0 0 RON WILSIE VP CUSO MORTGAGE 176306 0 56680 0 5643 0 7449 0 27757 0 273835 0 0 0 DAVID GUMPERT-HERSH VP BUSINESS ANALYTICS 194125 0 33868 0 9974 0 2650 0 20675 0 261292 0 0 0 DAVID CERWINSKI VP SALES & CLIENT SERVICE 149986 0 84683 0 646 0 10900 0 18871 0 265086 0 0 0 RAFAEL N GUERRA PRESIDENT WIS 182416 0 46558 0 4782 0 8639 0 19174 0 261569 0 0 0 JONATHON BAUMAN VP LOAN SERVICE & DEFAULT 195736 0 29422 0 5375 0 11394 0 18911 0 260838 0 0 0 CINDY CHING-CHING LAW VP FINANCE 183434 0 32414 0 6683 0 13545 0 30249 0 266325 0 0 0 MELISSA PEDERSON VP BRANCH OPERATIONS 177350 0 28044 0 11569 0 7903 0 7339 0 232205 0 0 0 KATHIE CHISM VP BRANCH OPERATIONS 165671 0 27398 0 18806 0 12611 0 13327 0 237813 0 0 0 CONNIE MONICA KNOX PRESIDENT WFS 175641 0 17635 0 8629 0 12132 0 12665 0 226702 0 0 0 THOMAS GOOCH VP INFORMATION TECHNOLOGY 163504 0 25922 0 5267 0 10913 0 17184 0 222790 0 0 0 STEPHANIE WINKLER VP HRD & WESCOM UNIVERSITY 153489 0 26032 0 4547 0 0 0 19081 0 203149 0 0 0 ANTHONY BENDER FORMER VP IMPLEMENTATION 127348 0 48512 0 2233 0 11058 0 25460 0 214611 0 0 0 ADRIANA WELCH VP CONSUMER LENDING 152183 0 23151 0 418 0 7617 0 7411 0 190780 0 0 0 KAREN FALL VP MEMBER SERVICES 147585 0 24581 0 1483 0 10673 0 18919 0 203241 0 0 0 JOSEPH PAZIENZA FORMER VP REAL ESTATE LENDING 61274 0 106577 0 107 0 6747 0 2246 0 176951 0 0 0 KWE PAN SALES MANAGER 4084 0 347190 0 7687 0 10949 0 21251 0 391161 0 0 0 OFELIA TELLEZ LOAN OFFICER 23226 0 291919 0 574 0 14728 0 13973 0 344420 0 0 0 STEVEN MCCORMICK FORMER FINANCIAL ADVISOR 0 0 303872 0 3745 0 8418 0 16087 0 332122 0 0 0 DANOVA CHOW FINANCIAL ADVISOR 0 0 300028 0 614 0 10258 0 22280 0 333180 0 0 0 CONOR MURRAY LOAN OFFICER 90848 0 203074 0 404 0 6764 0 22290 0 323380 0 0 0 PART I, LINE 1A PART 1, LINE 1A: TRAVEL FOR COMPANIONS THE PRESIDENT IS AUTHORIZED TO INCUR FIRST CLASS TRAVEL EXPENSES ON BEHALF OF HIS/HER SPOUSE PROVIDED THAT THE PRESIDENT SHALL BE RESPONSIBLE FOR ALL TAXES FOR ANY SUCH EXPENSES, AND THE TRAVEL IS RELATED TO THE CREDIT UNION AND IN THE BEST INTEREST OF THE CREDIT UNION. PART I, LINE 4B AN EMPLOYEE WHO IS A MEMBER OF A SELECT MANAGEMENT GROUP OR IS HIGHLY COMPENSATED IS ELIGIBLE TO PARTICIPATE IN A 457B PLAN EFFECTIVE ON THE FIRST DAY OF EMPLOYMENT. THE PARTICIPANT IS ELIGIBLE TO DEFER A MAXIMUM OF $18,000 IN THE 2016 PLAN YEAR. THE PRESIDENT/CEO OF THE CREDIT UNION IS ELIGIBLE TO PARTICIPATE IN A SEPARATE 457B PLAN EFFECTIVE ON THE FIRST DAY OF EMPLOYMENT. FOR EACH PLAN YEAR, THE CREDIT UNION WILL CONTRIBUTE TO THE PLAN THE FULL ELIGIBLE CONTRIBUTION AMOUNT. THE BENEFIT PROVIDED IS SUBJECT TO TAXATION UNDER SECTION 457B OF THE INTERNAL REVENUE CODE OF 1986. JANE WOOD OFFICER HELOC X 250000 92392 0 1 1 KEITH PIPES OFFICER 1ST MORTGAGE X 625500 564976 0 1 1 KEITH PIPES OFFICER CREDIT CARD X 24500 837 0 1 1 KEITH PIPES OFFICER CREDIT CARD X 24500 165 0 1 1 JANE WOOD OFFICER CREDIT CARD X 9000 397 0 1 1 IRVING YU OFFICER CREDIT CARD X 11500 5 0 1 1 KEVIN SARBER KEY EMPLOYEE 1ST MORTGAGE X 1300000 1199921 0 1 1 KEVIN SARBER KEY EMPLOYEE CREDIT CARD X 24500 3077 0 1 1 TIMOTHY DOLAN KEY EMPLOYEE 1ST MORTGAGE X 417000 412302 0 1 1 TIMOTHY DOLAN KEY EMPLOYEE CREDIT CARD X 36500 3280 0 1 1 SUSAN MCCREADY KEY EMPLOYEE AUTO LOAN X 24924 0 1 1 KEVIN SARBER KEY EMPLOYEE AUTO LOAN X 15352 1304 0 1 1 RON WILSIE KEY EMPLOYEE AUTO LOAN X 34927 31749 0 1 1 CONNIE MONICA KNOX KEY EMPLOYEE PERSONAL LOC X 30000 28643 0 1 1 DAVID GUMPERT-HERSH KEY EMPLOYEE 1ST MORTGAGE X 652500 530729 0 1 1 DAVID GUMPERT-HERSH KEY EMPLOYEE AUTO LOAN X 29969 6801 0 1 1 DAVID GUMPERT-HERSH KEY EMPLOYEE HELOC X 72000 5963 0 1 1 CINDY CHING-CHING LAW KEY EMPLOYEE HELOC X 150000 55672 0 1 1 KATHIE CHISM KEY EMPLOYEE 1ST MORTGAGE X 585000 482264 0 1 1 KATHIE CHISM KEY EMPLOYEE AUTO LOAN X 48458 25535 0 1 1 KATHIE CHISM KEY EMPLOYEE CREDIT CARD X 19500 5342 0 1 1 IRVING YU OFFICER 1ST MORTGAGE X 440250 396765 0 1 1 IRVING YU OFFICER HELOC X 250000 60500 0 1 1 MELISSA PEDERSON KEY EMPLOYEE CREDIT CARD X 16500 135 0 1 1 JONATHON BAUMAN KEY EMPLOYEE 1ST MORTGAGE X 209000 153046 0 1 1 DEENA OTTO KEY EMPLOYEE CREDIT CARD X 8000 1539 0 1 1 STEPHANIE WINKLER KEY EMPLOYEE AUTO LOAN X 54558 22369 0 1 1 DAVID CERWINSKI KEY EMPLOYEE 1ST MORTGAGE X 390000 388069 0 1 1 RON WILSIE KEY EMPLOYEE 1ST MORTGAGE X 836000 818953 0 1 1 CONNIE MONICA KNOX KEY EMPLOYEE 1ST MORTGAGE X 636000 608645 0 1 1 STEVEN MCCORMICK HCE 1ST MORTGAGE X 548000 349815 0 1 1 TIMOTHY DOLAN KEY EMPLOYEE 1ST MORTGAGE X 337600 295574 0 1 1 JANE WOOD OFFICER 1ST MORTGAGE X 505000 394951 0 1 1 CONNIE MONICA KNOX KEY EMPLOYEE AUTO LOAN X 37027 22366 0 1 1 CONNIE MONICA KNOX KEY EMPLOYEE HOME EQUITY LOAN X 17500 15958 0 1 1 KAREN FALL KEY EMPLOYEE 1ST MORTGAGE X 181200 140233 0 1 0 KAREN FALL KEY EMPLOYEE HELOC X 49000 42117 0 1 1 KAREN FALL KEY EMPLOYEE CREDIT CARD X 9500 6587 0 1 1 RON WILSIE KEY EMPLOYEE HELOC X 125000 95000 0 1 1 THOMAS GOOCH KEY EMPLOYEE 1ST MORTGAGE X 417000 412947 0 1 1 DAVID CERWINSKI KEY EMPLOYEE 1ST MORTGAGE X 180000 175897 0 1 1 JONATHON BAUMAN KEY EMPLOYEE AUTO LOAN X 15000 10865 0 1 1 JONATHON BAUMAN KEY EMPLOYEE PERSONAL LOC X 18000 4135 0 1 1 ADRIANA WELCH KEY EMPLOYEE 1ST MORTGAGE X 799200 799200 0 1 1 CONOR MURRAY KEY EMPLOYEE 1ST MORTGAGE X 720250 716289 0 1 1 SUSAN MCCREADY KEY EMPLOYEE VISA X 37500 1259 0 1 1 9384568 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS OWNED BY MEMBERS. MEMBERSHIP IS AVAILABLE TO ANY AND ALL PERSONS WHO LIVE, REGULARY WORK, CURRENTLY ATTEND SCHOOL, OR CURRENTLY WORSHIP IN THE SEVEN COUNTIES OF SOUTHERN CALIFORNIA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT THE GOVERNING BODY. EACH MEMBER HAS ONE VOTE TO ELECT THE MEMBERS FOR THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE DIRECTORS, ELECTIONS ARE HELD AND BOARD DECISIONS REGARDING ELECTION OR REMOVAL OF DIRECTORS ARE VOTED ON BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE VP CONTROLLER, THE SVP CHIEF FINANCIAL OFFICER, AND THE CEO OF THE ORGANIZATION. THE RETURN THEN GOES THROUGH A FINAL REVIEW BY THE BOARD OF DIRECTORS BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ENFORCED AND MONITORED THROUGH OUR VARIOUS REPORTING MECHANISMS (ETHICS POINT, OPEN DOOR COMMUNICATION POLICY, WHICH INCLUDES RECOMMENDING THAT EMPLOYEES DISCUSS THE ISSUES WITH THEIR MANAGER, HUMAN RESOURCES, SENIOR MANAGEMENT OR THE CEO), WE ADDRESS THE ISSUE AND USE OUR POLICY FOR GUIDANCE, WHICH PROMOTES CONSISTENCY. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION: WESCOM CREDIT UNION'S BOARD OF DIRECTORS PARTNERS WITH A THIRD PARTY VENDOR TO PERFORM REGULAR REVIEWS TO ENSURE THAT THE PRESIDENT/CEO'S SALARY AND TARGET INCENTIVE REMAIN IN AN APPROPRIATE RELATIONSHIP TO THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIAL PERFORMANCE. IN ADDITION, THE PRESIDENT/CEO'S SUPPLEMENTAL RETIREMENT ACCOUNT IS REVIEWED WITH THE BOARD TO EVALUATE INVESTMENT PERFORMANCE AND TO CONSIDER ANY PROGRAM ADJUSTMENTS THAT NEED TO BE MADE TO ENSURE THE PROGRAM REMAINS APPROPRIATE TO THE MARKET. THE BOARD APPROVES ALL CHANGES TO THE PRESIDENT/CEO'S COMPENSATION AND SUPPLEMENTAL RETIREMENT PLANS. FORM 990, PART VI, SECTION B, LINE 15B: EXECUTIVE TEAM (OTHER OFFICERS) AND OTHER KEY EMPLOYEES' COMPENSATION: WESCOM CREDIT UNION PARTNERS WITH A THIRD PARTY TO PERFORM A PERIODIC REVIEW TO ENSURE THAT THE EXECUTIVE AND STAFF TEAM MEMBERS' SALARY RANGES AND TARGET INCENTIVES REMAIN IN AN APPROPRIATE RELATIONSHIP WITH THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIAL PERFORMANCE. THE HR COMMITTEE OF THE BOARD REVIEWS THE INFORMATION AND PREPARES A RECOMMENDATION FOR THE BOARD OF DIRECTORS APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. REQUESTS REGARDING GOVERNING DOCUMENTS AND CONFLICT OF INTERESTS CAN BE SUBMITTED TO THE ORGANIZATION AND COPIES WILL BE PROVIDED UPON REQUEST. FORM 990, PART VIII, LINE 7A - 7C, COLUMN (I): PROCEEDS $1,400,546,416 BASIS $139,524,937 GAIN $5,300,479 FORM 990, PART IX, LINE 24E: OPERATING FEES 995,613 ---------- TOTAL OTHER EXPENSES 995,613 FORM 990, PART XI, LINE 9: OTHER ADJUSTMENT TO UNDIVIDED EARNINGS 285,217. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. WESCOM HOLDINGS LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954889848 FINANCIAL SERVICES CA 0 9592055 WESCOM CREDIT UNION WESCOM FINANCIAL SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954853684 FINANCIAL SERVICES CA 6275549 2604483 WESCOM HOLDINGS LLC WESCOM INSURANCE SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954821865 FINANCIAL SERVICES CA 2894844 9644582 WESCOM HOLDINGS LLC WESCOM RESOURCES GROUP LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 431966875 DATA PROCESSING CA 12172760 7322302 WESCOM HOLDINGS LLC HALLMARK ASSOCIATES INSURANCE SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954800085 INSURANCE CA 0 11816 WESCOM INSURANCE SERVICES LLC WESCOM'S WECARE FOUNDATION 123 SOUTH MARENGO AVE PASADENA CA 91101 311709115 CHARITY FUND CA 501(C)(3) 9 N/A 0 CUSO MORTGAGE INC 5601 EAST LA PALMA AVENUE ANAHEIM CA 92807 710946762 MORTGAGE SERVICES CA WESCOM HOLDINGS LLC C 4437375 15574780 1.00000 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 CUSO MORTGAGE INC J 485771 ACTUAL AMOUNT PAID WESCOM INSURANCE SERVICES LLC J 173999 ACTUAL AMOUNT PAID WESCOM FINANCIAL SERVICES LLC J 942194 ACTUAL AMOUNT PAID WESCOM RESOURCES GROUP LLC J 2845023 ACTUAL AMOUNT PAID WESCOM'S WECARE FOUNDATION B 96875 ACTUAL AMOUNT PAID