2016-11-01T12:43:24-05:00 2015-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2015-01-01 950598145 CALIFORNIA BEAR CREDIT UNION CALI 2138304111 300 SOUTH SPRING STREET NO 1215 LOS ANGELES CA 90013 JOHN HERRICK INTERIM CEO 2138304111 2016-10-27 1 VALENTINO CREUS CPA P01054153 8189549700 2015 2017-02-10 21:41:12Z JOHN HERRICK 300 SOUTH SPRING STREET NO 1215 LOS ANGELES CA 90013 4314460 0 X WWW.CALBEARCU.ORG X CREDIT UNION 1933 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 8 8 20 13 25746 0 0 0 3924980 3590879 485007 528643 0 0 4409987 4119522 900 450 0 0 1672545 1571089 0 0 0 2449803 2213623 4123248 3785162 286739 334360 103560083 111582895 95888314 103777280 7671769 7805615 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET 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, CALIFORNIA BEAR CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS 0 0 AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION PROVIDED OVERDRAFT PROTECTION SERVICES TO ITS MEMBERS AT AN AVERAGE COST REDUCTION OF $7.00 PER ITEM COMPARED TO BANKS. AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION WORKED DILIGENTLY IN HELPING ITS MEMBER AND BUSINESS OWNERS TO KEEP THEIR HOMES AND BUSINESSES BY AGREEING TO LOAN MODIFICATIONS THAT ALLOWED MEMBERS TO RETAIN THEIR HOMES AND BUSINESS OWNERS THEIR BUSINESSES. CALIFORNIA BEAR CREDIT UNION PROVIDES ATM SERVICES TO ITS MEMBERS FREE OF CHARGE FOR USE OF THE COOP ATM NETWORK, AND IT PROVIDES ATM ACCESSIBILITY FOR NON-MEMBERS AT A MARGINAL USAGE FEE THAT IS ON AVERAGE 50% LOWER OF THOSE FEES IMPOSED BY BANKS FOR ATM USE OF THEIR ATM BY NON-MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 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 2743 0 1 20 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X JOHN HERRICK INTERIM CEO 2138304111 300 SOUTH SPRING STREET SUITE 1215 LOS ANGELES CA 90013 VITO MODUGNO CHAIRMAN OF THE BOARD 2.00 X 0 0 0 HAROLD ENTZ BOARD VICE-CHAIRMAN 2.00 X 0 0 0 ROBERT SASSAMAN TREASURER 2.00 X 0 0 0 MERLE DEMROFF SECRETARY 2.00 X 0 0 0 N GREGORY TAYLOR DIRECTOR 2.00 X 0 0 0 CINDY T QUON DIRECTOR 2.00 X 0 0 0 ALAN HAGER DIRECTOR 2.00 X 0 0 0 DUNCAN MCINTOSH DIRECTOR 2.00 X 0 0 0 MARTA ZARAGOZA SUPV CMTE CHAIRMAN 2.00 X 0 0 0 K DON DRACHAND SUPV CMTE MEMBER 2.00 X 0 0 0 MICHAEL NEWMAN SUPV CMTE MEMBER 2.00 X 0 0 0 LAURA VALOIS SUPV CMTE MEMBER 2.00 X 0 0 0 DOUGLAS NOBLE SUPV CMTE MEMBER 2.00 X 0 0 0 TONY GONZALEZ CEO (FORMER) 40.00 X 144330 0 20839 EDGAR BARRAZA CEO (FORMER) 40.00 X 10482 0 0 EUGENE ZAPATA CFO 40.00 X 88451 0 19452 243263 0 40291 1 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL SERVICES 163942 BUSINESS DATA INC 321 NORTH OAK STREET INGLEWOOD CA 90302 DOCUMENT SOLUTIONS 100078 2 INTEREST ON LOANS 522100 2424476 2424476 FEE INCOME 522100 1070986 1061121 9865 OTHER OPERATING INCOME 522100 95417 79536 15881 3590879 528643 528643 194938 194938 0 0 4119522 4093776 25746 0 450 243263 883645 107664 246663 89854 34724 74621 52506 84966 878600 211726 136391 21364 220020 184344 15144 MISCELLANEOUS OPERATING 110396 LOAN SERVICING EXPENSE 108511 PROV LOAN & LEASE LOSS 68115 OPERATING FEES 12195 3785162 777036 443645 29335532 23288914 86766 75875 3828478 2751106 1200990 1077372 18963667 20292245 51923178 59057041 1272914 7347803 103560083 111582895 979072 608026 94909242 103169254 95888314 103777280 X 0 0 0 0 7671769 7805615 7671769 7805615 103560083 111582895 334360 -200514 0 X X 0 1 X 1 0 2683992 1736889 947103 1144486 1014217 130269 1077372 DEPOSITS IN COMMERCIAL BANKS 11676000 C NET LOAN & LEASES 45159692 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 962830 C PAID IN CAPITAL AT CORP 262519 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 996000 C 59057041 ACCRUED INTEREST ON LOANS 103214 ACCRUED INTEREST ON INVESTMENTS 55970 ALL OTHER ASSETS 7188619 7347803 TOTAL SHARES & DEPOSITS 103169254 103169254 X PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. AT MARCH 31, 2016, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED MARCH 31, 2016, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. X X X 1 0 0 TONY GONZALEZ CEO (FORMER) 133080 0 0 0 11250 0 4926 0 15913 0 165169 0 0 0 PART I, LINE 4A TONY GONZALEZ RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $11,250. FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA BEAR CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND IS OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CALIFORNIA BEAR CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF CALIFORNIA BEAR 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 THE 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 11 A COPY OF FORM 990 AND RELATED SCHEDULES IS PRESENTED TO THE BOARD AT THE BOARD MEETING FOR REVIEW AND DISCUSSION. CHANGES AND MODIFICATIONS ARE THEN TAKEN INTO ACCOUNT FOR FINAL COMPLETION AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE GIVEN AN EMPLOYEE HAND-BOOK THAT CONTAINS ALL THE POLICIES OF THE CREDIT UNION AT THE TIME OF HIRING. THE HR DEPARTMENT ISSUES A HARD COPY OF THE POLICY ONCE A YEAR AND HAS THE EMPLOYEES ACKNOWLEDGE ADHERENCE TO THE POLICY BY SIGNING AND RETURNING IT TO HR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S CEO IS APPROVED AT HIRING BY THE BOARD OF DIRECTORS BASED ON MARKET RESEARCH DATA PROVIDED BY AN OUTSIDE SOURCE NAMED COMPEASE, BUT THERE IS NOT A FORMAL REVIEW BY AN INDEPENDENT PARTY SUCH AS A BENEFITS/SALARIES RESEARCH CONSULTANT/AUDITOR TO DETERMINE IF APPROPRIATE. ALL COMPENSATION IS REVIEWED BY AUDITORS AND EXAMINERS BUT IT IS NOT INTENDED AS A FORMAL APPROVED REVIEW. COMPENSATION FOR OTHER KEY EMPLOYEES IS APPROVED BY THE CEO BASED ON DATA PROVIDED BY COMPEASE. COMPENSATION FOR OTHER KEY EMPLOYEES IS APPROVED BY THE CEO BASED ON DATA PROVIDED BY COMPEASE. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE BUILDING LOBBY AND MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.