2016-11-04T19:55:35-05:00 2015-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2015-01-01 950951410 CALIFORNIA CREDIT UNION CRED 8182915522 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 ZENA PARSON SVP CONTROLLER 8182915522 2016-10-31 1 VALENTINO CREUS CPA P01054153 8189549700 2015 2017-02-10 21:41:12Z RONALD MCDANIEL 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 251479039 0 X WWW.CALIFORNIACU.ORG X CREDIT UNION 1939 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 356 13 632815 0 0 0 56132069 62065727 15440292 6224811 2230625 3275258 73802986 71565796 39377 26809 0 0 26795277 32174435 0 0 0 25290787 30306152 52125441 62507396 21677545 9058400 1334156720 1463532831 1219206376 1345618018 114950344 117914813 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 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 CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 PROVIDED DEPOSIT AND LOAN ACCOUNT TO 88,699 MEMBERS. THE CREDIT UNION PROVIDES A VARIETY OF BANK ACCOUNTS INCLUDING CHECKING, SAVINGS, MONEY MARKET, CERTIFICATES AND INDIVIDUAL RETIREMENT ACCOUNTS AT COMPETITIVE RATES. IN ADDITION, SERVICES OFFERED TO OUR MEMBERS INCLUDE FREE ONLINE BANKING, FREE ONLINE BILL PAY, MOBILE AND TEXT BANKING, ATM AND DEBIT CARDS, OVERDRAFT PROTECTION, TOUCHTONE TELLER, WIRE TRANSFERS, DIRECT DEPOSIT, PAYROLL DEDUCTION, EZ-CONNECT, NEW AND USED AUTO BUYING SERVICES, INSURANCE PRODUCTS AND FINANCIAL PLANNING AND INVESTMENT SERVICES AS WELL AS BUSINESS BANKING SERVICES. 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 22701 0 1 356 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ZENA PARSON SVP CONTROLLER 8182915522 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 WALTON GREENE CHAIRMAN 1.00 X 0 0 0 SURVIVA MENDOZA VICE CHAIRMAN 1.00 X 0 0 0 VICTOR HANSON SECRETARY/TREASURER 1.00 X 0 0 0 PAMELA FEES DIRECTOR 1.00 X 0 0 0 TED FUJIMOTO DIRECTOR 1.00 X 0 0 0 DR FRANCIS NAKANO DIRECTOR 1.00 X 0 0 0 FREDRIC NIGRO DIRECTOR 1.00 X 0 0 0 MARCIA WADE SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 GUILBERT HENTSCHKE SUPV CMTE SECRETARY 1.00 X 0 0 0 SCOTT SVONKIN SUPV CMTE MEMBER 1.00 X 0 0 0 LAWRENCE SEROT SUPV CMTE MEMBER 1.00 X 0 0 0 LUPE REYES SUPV CMTE MEMBER 1.00 X 0 0 0 JANALYN GLYMPH SUPV CMTE MEMBER 1.00 X 0 0 0 RONALD MCDANIEL PRESIDENT,CEO 40.00 X 655022 0 30193 MARK LOVEWELL EVP,CFO 40.00 X 393085 0 32174 PATRICK CAREY EVP,CAO/COUNSEL 40.00 X 902442 0 35672 JOHN BRETTHAUER EVP,COO 40.00 X 885213 0 35561 PATRICK ZARIFIAN SVP CHIEF LENDING/SALES 40.00 X 330954 0 32005 WILLIAM BERECZKY SVP COMMERCIAL LEND 40.00 X 263803 0 22159 JEFFREY BENOUN SVP CHIEF CREDIT OFF 40.00 X 257125 0 16295 STANLEY CADIENTE CIO (FORMER) 40.00 X 254215 0 23789 MICHAEL WILKINS SVP RETAILS OPS 40.00 X 252148 0 29651 MICHELLE MOLLO AVP PROJECT MGMT 40.00 X 589498 0 20627 PATRICK DUONG VP COML RE OFFICER 40.00 X 315756 0 23026 ERNIE CELAYA LOAN SALES 40.00 X 283327 0 21618 JASON PUGH VP BUSINESS DEV 40.00 X 269510 0 22238 MARGARET VOSKANIAN LOAN SALES 40.00 X 268123 0 20646 5920221 0 365654 59 0 1 0 NETTECH COMPUTERS 532 WFOOTHILL BLVD AZUSA CA 91702 SOFTWARE/HARDWARE 1245161 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 917168123 CREDIT CARD PROCESSING 691050 CU COOPERATIVE SYSTEMS 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM/DEBIT CARD PROCESSING 649556 MICRODYNAMICS GROUP 8580 SOLUTIONS CENTER CHICAGO IL 60677 STATEMENTS/MAILINGS 556714 PAETEC COMMUNICATIONS INC PO BOX 9001013 LOUISVILLE KY 40290 NETWORK SERVICES 554736 48 INTEREST ON LOANS 522100 41232580 41232580 OTHER OPERATING INCOME 522100 11853151 11502714 350437 FEE INCOME 522100 8979996 8677517 302479 62065727 5899816 5899816 180048418 189820 179708699 204544 339719 -14724 324995 345096 -20101 OTHER NON-OPERATING IN 522100 3275258 3275258 3275258 71565796 70932981 632815 0 16809 10000 5920221 17092669 4258961 3184185 1718399 916186 133769 815559 1366881 7518026 1501402 3920921 358050 4714360 3540573 LOAN SERVICING 3343661 MISCELLANEOUS EXPENSE 1511333 PROVISION FOR LOAN & LE 541424 OPERATING FEES 124007 62507396 9289327 9254742 41642361 46781823 1429226 1431338 88032824 25810050 54455061 62222774 312407830 242313925 888285466 1079970718 26647449 21557511 1334156720 1463532831 20527605 28312895 1198678771 1317305123 1219206376 1345618018 X 0 0 0 0 114950344 117914813 114950344 117914813 1334156720 1463532831 X 9058400 -1656397 -4437534 X X 0 1 X 1 0 14309 14309 14309 1 CCUL -PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 952329967 12309 ANTHONY PORTANTINO PO BOX 93935 PASADENA CA 91109 1000 MATT DABABNEH 16350 VENTURA BLVD STE D145 ENCINO CA 91436 1000 PART I-A, LINE 1: CONTRIBUTION TO CCUL - PAC THE CREDIT UNION CONTRIBUTES TO INDIVIDUALS RUNNING FOR OFFICES WHO SUPPORT CREDIT UNION ISSUES. THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR ANTHONY PORTANTINO RUNNING FOR SENATE. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. ANTHONY PORTANTINO PO BOX 93935 PASADENA, CA 91109 ID#1334175 THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR MATT DABABNEH RUNNING FOR STATE ASSEMBLY 2016. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. MATT DABABNEH 16350 VENTURA BLVD., STE. D#145 ENCINO, CA 91436 ID# 137431 25841902 25841902 35456184 5094518 30361666 8512236 5718187 2794049 18222502 14997345 3225157 62222774 LOANS TO AND INVESTMENTS IN NATURAL CU 100000 C PAID-IN CAPITAL AT CORP 750000 C ALL OTHER INVESTMENTS 8434476 F LOANS HELD FOR SALE 3892800 F NET LOANS & LEASES 1056151051 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 10642391 C 1079970718 TOTAL SHARES & DEPOSITS 1167305123 DRAWS AGAINST LINE OF CREDIT 150000000 1317305123 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 CONSOLIDATED 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. FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. THERE WAS NO INCOME TAX PROVISION FOR THE SUBSIDIARY IN 2015. 1 SCHOLARSHIPS 10 10000 FMV PART III: THE CREDIT UNION AWARDS SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE IN THE UNITED STATES. X X 1 1 X X X X X 1 1 0 RONALD MCDANIEL PRESIDENT,CEO 472000 0 82800 0 100222 0 16884 0 13309 0 685215 0 0 0 MARK LOVEWELL EVP,CFO 332565 0 56858 0 3662 0 13258 0 18916 0 425259 0 0 0 PATRICK CAREY EVP,CAO/COUNSEL 336052 0 56858 0 509532 0 16756 0 18916 0 938114 0 0 0 JOHN BRETTHAUER EVP,COO 338552 0 56858 0 489803 0 16645 0 18916 0 920774 0 0 0 PATRICK ZARIFIAN SVP CHIEF LENDING/SALES 260805 0 59264 0 10885 0 13089 0 18916 0 362959 0 0 0 WILLIAM BERECZKY SVP COMMERCIAL LEND 230125 0 21233 0 12445 0 15821 0 6338 0 285962 0 0 0 JEFFREY BENOUN SVP CHIEF CREDIT OFF 230510 0 8367 0 18248 0 15095 0 1200 0 273420 0 0 0 STANLEY CADIENTE CIO (FORMER) 184329 0 23161 0 46725 0 13863 0 9926 0 278004 0 0 0 MICHAEL WILKINS SVP RETAILS OPS 153678 0 92921 0 5549 0 9734 0 19917 0 281799 0 0 0 MICHELLE MOLLO AVP PROJECT MGMT 80618 0 4845 0 504035 0 15900 0 4727 0 610125 0 0 0 PATRICK DUONG VP COML RE OFFICER 123379 0 191816 0 561 0 5986 0 17040 0 338782 0 0 0 ERNIE CELAYA LOAN SALES 23677 0 258551 0 1099 0 15900 0 5718 0 304945 0 0 0 JASON PUGH VP BUSINESS DEV 186649 0 77636 0 5225 0 15900 0 6338 0 291748 0 0 0 MARGARET VOSKANIAN LOAN SALES 17706 0 249597 0 820 0 3084 0 17562 0 288769 0 0 0 PART I, LINE 1A COMPANION TRAVEL IS REPORTED AS NONEMPLOYEE COMPENSATION ON FORM 1099-MISC ISSUED TO THE COMPANION. PART I, LINES 4A-B THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVES UNDER IRC SECTION 457(F). TO SUPPORT THE DEFERRED COMPENSATION PLAN, THE CREDIT UNION HAS ELECTED TO PURCHASE CREDIT UNION-OWNED VARIABLE LIFE INSURANCE AND VARIABLE ANNUITIES. THE SURRENDER VALUE OF THESE INVESTMENTS INCLUDED IN OTHER ASSETS WAS $1,311,554 AS OF DECEMBER 31, 2015. THE CURRENT PARTICIPANT IS MARK LOVEWELL. THE FOLLOWING OFFICERS RECEIVED A SERP PAYOUT IN 2015 AS FOLLOWS: JOHN BRETTHAUER - $476,146.03 PATRICK CAREY - $506,900.87 STANLEY CADIENTE RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $43,400 DURING THE TAX YEAR. MICHELLE MOLLO RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $503,880 DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE CHANGED TO REDUCE THE NUMBER OF MEMBERS IN THE SUPERVISORY COMMITTEE FROM 7 TO 6. FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA 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. CALIFORNIA CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF CALIFORNIA 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 11 THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. COMPLETED FORM IS REVIEWED BY MANAGEMENT AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS FOR INFORMATIONAL PURPOSES PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THERE ARE REGULAR COMPLIANCE REVIEWS BY THE CREDIT UNION'S COMPLIANCE OFFICER WHICH ADDRESSES COMPLIANCE WITH ALL CREDIT UNION POLICIES. IN ADDITION, REGULATORS AND CPA'S MONITOR COMPLIANCE DURING THEIR PERIODIC AND ANNUAL AUDITS. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT OF HUMAN RESOURCES CONTRACTS WITH EXTERNAL CONSULTING COMPANY, HRN PERFORMANCE SOLUTIONS, WHO PROVIDES MARKET SURVEYS ON COMPENSATION FOR KEY OFFICERS. COMPENSATION COMMITTEE REVIEWS AND APPROVES THE RESULTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS UPON REQUEST BY PROVIDING PAPER OR ELECTRONIC COPIES BY WHICHEVER MEANS REQUESTED. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME -4,437,534. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CALIFORNIA MEMBERS TITLE INSURANCE COMPANY 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 465751336 INSURANCE SERVICES CA CALIFORNIA MEMBERS HOLDING COMPANY C 155338 7350279 1.00000 0 CALIFORNIA MEMBERS HOLDING COMPANY 701 NORTH BRAND BLVD 7TH FLOOR GLENDALE CA 91203 465739707 FINANCIAL SERVICES CA CALIFORNIA CREDIT UNION C 8010800 1.00000 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 CALIFORNIA MEMBERS HOLDING COMPANY B 10000 ACTUAL AMOUNT PAID CALIFORNIA MEMBERS HOLDING COMPANY P 8000000 ACTUAL AMOUNT PAID CALIFORNIA MEMBERS TITLE INSURANCE COMPANY P 805097 ACTUAL AMOUNT PAID CALIFORNIA MEMBERS TITLE INSURANCE COMPANY O 13077 ACTUAL AMOUNT PAID CALIFORNIA MEMBERS TITLE INSURANCE COMPANY A 43226 ACTUAL AMOUNT PAID