2016-10-28T17:26:38-05:00 2015-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2015-01-01 946069237 STAR ONE CREDIT UNION STAR 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 RICK HELDEBRANT PRESIDENT/CEO 4085435028 2016-10-20 1 VALENTINO CREUS CPA P01054153 8189549700 2015 2017-02-10 21:41:12Z RICK HELDEBRANT 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 173798499 0 X WWW.STARONE.ORG X CREDIT UNION 1956 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 212 15 1118558 0 0 0 107477890 115356129 51989048 58042861 2134536 0 161601474 173398990 107000 132000 0 0 22697085 27045196 0 0 0 83092264 89193617 105896349 116370813 55705125 57028177 7200519634 7857993559 6404238959 7031640078 796280675 826353481 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, STAR ONE 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 STAR ONE CREDIT UNION PROVIDED SERVICES TO 94,618 MEMBERS WITH SAVINGS AND LOAN ACCOUNTS. STAR ONE OFFERS STUDENT LOANS TO GRADUATE AND UNDERGRADUATE STUDENTS. STAR ONE CREDIT UNION PROVIDED 7,377 LOANS TOTALLING $962,246,535 IN 2015. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 93116 0 1 212 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ANN SEBASTIAN VP CONTROLLER 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 G ADAMS BOARD CHAIRPERSON 1.00 X 0 0 0 D DAGGETT BOARD VICE CHAIRPERSON 1.00 X 0 0 0 D ABIHIDER BOARD VICE CHAIRPERSON 1.00 X 1644 0 0 S DUNLAP BOARD TREASURER 1.00 X 3245 0 0 D FLOWE BOARD SECRETARY 1.00 X 5345 0 0 J GAUT DIRECTOR 1.00 X 0 0 0 B BACHANT DIRECTOR 1.00 X 3573 0 0 M ENG DIRECTOR 1.00 X 2143 0 0 P HUMECKE DIRECTOR 1.00 X 1077 0 0 R AOCHI SUPV CMTE MEMBER 1.00 X 2149 0 0 C TABARI SUPV CMTE MEMBER 1.00 X 0 0 0 C GOEAS SUPV CMTE MEMBER 1.00 X 1182 0 0 M KHAGHANI SUPV CMTE MEMBER 1.00 X 1971 0 0 L VARR SUPV CMTE MEMBER 1.00 X 3577 0 0 TLEE SUPV CMTE MEMBER 1.00 X 1322 0 0 R HELDEBRANT PRESIDENT/CEO 40.00 X 4000131 0 155719 G RODRIGUES EXECUTIVE VP OPERATIONS 40.00 X 466475 0 171533 B ROSS EXECUTIVE VP FINANCE & ADM 40.00 X 391820 0 115440 K COLLINS SENIOR VP LOAN SERVICES 40.00 X 299593 0 170532 R MCALPINE VP INFORMATION SYSTEMS 40.00 X 293169 0 182672 M MUCKER VP REMOTE SERVICES 40.00 X 279203 0 196387 A SEBASTIAN VP CONTROLLER 40.00 X 276512 0 110315 J FAGENSTROM VP MARKETING 40.00 X 275493 0 133700 RAUBREY VP TREASURER 40.00 X 270724 0 91090 S MOIX VP BRANCH SERVICES 40.00 X 267903 0 110483 6848251 0 1437871 52 0 1 0 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 90051 WEBSITE SERVICES 858953 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 SOFTWARE MAINTENANCE 780682 BUSINESS DATA INC 321 NORTH OAK STREET INGLEWOOD CA 90302 STATEMENT PRINTING 739932 VISA USA INC 777 3RD AVE 12 NEW YORK NY 10017 VISA/ATM SERVICES 629647 DIEBOLD 5995 MAYFAIR ROAD NORTH CANTON OH 44720 ATM EQUIPMENT/MAINTENANCE 571475 27 INTEREST ON LOANS 522100 107613248 107613248 OTHER OPERATING INCOME 522100 5360728 5329591 31137 FEE INCOME 522100 2382153 2254454 127699 115356129 58035183 57075461 959722 407187 399509 7678 7678 7678 173398990 172280432 1118558 0 132000 6848251 9000892 5270277 4702001 1223775 89574 166565 75234 1718163 1736975 4754363 1408407 1594636 500961 68612572 1307386 123934 LOAN SERVICING EXPENSE 5151191 MISC OPERATING EXPENSE 1440791 OPERATING FEES 428611 PROVISION FOR LOAN & LE 84254 116370813 4510732 4673811 456579672 573396992 1652807 2457668 1086465 1603870 33499867 21969990 11696681 11529877 3585547472 3881768819 3083593606 3321660343 55852199 60902179 7200519634 7857993559 36267456 44068990 6367971503 6987571088 6404238959 7031640078 X 0 0 0 0 796280675 826353481 796280675 826353481 7200519634 7857993559 X 57028177 -19113470 -7841901 X X 0 1 X 1 0 7000 7000 7000 1 CCUL STATEWIDE PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 940357265 6000 BAY AREA PAC PO BOX 193919 SAN FRANCISCO CA 94119 743032874 1000 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 3584464 3584464 7771290 2625699 5145591 5049804 4002513 1047291 17094309 15341778 1752531 11529877 ALL OTHER INVESTMENTS 52068900 F NET LOANS AND LEASES 3225552137 F NCUA SHARE INSURANCE DEPOSIT 43139306 C PAID IN CAPITAL AT CORP CUS 900000 C 3321660343 ALL OTHER LIABILITIES 1698400000 MEMBER SHARES AND DEPOSITS 5289171088 6987571088 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. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED SEPTEMBER 30, 2015, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. 1 EMPLOYMENT & COMMUNITY OPTIONS 1922 THE ALAMEDA SUITE 210 SAN JOSE CA 95126 830471805 501(C)(3) 5000 FMV PROMOTES THE EDUCATION AND EMPOWERMENT OF LOW-INCOME ADULTS WITH DISABILITIES MORGAN AUTISM CENTER 2280 KENWOOD AVE SAN JOSE CA 951281332 941722448 501(C)(3) 10000 FMV PROVIDES HELP TO CHILDREN AND ADULTS WITH AUTISM OR OTHER DEVELOPMENTAL DISABILITIES LIVE OAK DAY SERVICES 1177 MINNESOTA AVE SAN JOSE CA 95125 770069106 501(C)(3) 5000 FMV PROVIDES AN ACTIVITY-BASED PROGRAM FOR SENIOR CITIZENS LUCILE PACKARD CHILDREN'S FOUNDATION 400 HAMILTON AVENUE STE 340 PALO ALTO CA 94301 770440090 501(C)(3) 5000 FMV PROMOTES CHILDREN'S HEALTH AND ACCESIBILITY OF CHILDREN'S HEALTH CARE AMERICAN CANCER SOCIETY 747 CAMDEN AVE STE B CAMPBELL CA 95008 941170350 501(C)(3) 10000 FMV PROVIDES SUPPORT TO ELIMINATE CANCER AS A HEALTH PROBLEM SECOND HARVEST FOOD BANK HOLIDAY PROGRAM 750 CURTNER AVENUE SAN JOSE CA 95125 942614101 501(C)(3) 10000 FMV PROMOTES FEDERAL NUTRITION PROGRAMS AND EDUCATING FAMILIES ON HOW TO MAKE HEALTHIER FOOD CHOICES. SUNNYVALE COMMUNITY SERVICES 725 KIFER ROAD SUNNYVALE CA 94086 941713897 501(C)(3) 5000 FMV PREVENTS HOMELESSSNESS AND HUNGER FOR LOW-INCOME SUNNYVALE FAMILIES AND SENIORS FACING TEMPORARY CRISES. SILICON VALLEY FACES 777 N FIRST ST SUITE 220 SAN JOSE CA 95112 251920931 501(C)(3) 5000 FMV BUILDS A COMMUNITY FREE OF BIAS, BIGOTRY AND VIOLENCE BY TRANSFORMING YOUTH INTO COMMUNITY BUILDERS. 8 0 X 1 1 X X X X 0 1 0 R HELDEBRANT PRESIDENT/CEO 560991 0 302278 0 3136862 0 129639 0 26080 0 4155850 0 0 0 G RODRIGUES EXECUTIVE VP OPERATIONS 309533 0 116949 0 39993 0 137514 0 34019 0 638008 0 0 0 B ROSS EXECUTIVE VP FINANCE & ADM 286607 0 105213 0 0 0 77122 0 38318 0 507260 0 0 0 K COLLINS SENIOR VP LOAN SERVICES 224709 0 70829 0 4055 0 144766 0 25766 0 470125 0 0 0 R MCALPINE VP INFORMATION SYSTEMS 220767 0 70142 0 2260 0 157784 0 24888 0 475841 0 0 0 M MUCKER VP REMOTE SERVICES 204417 0 72480 0 2306 0 179154 0 17233 0 475590 0 0 0 A SEBASTIAN VP CONTROLLER 211032 0 64670 0 810 0 91785 0 18530 0 386827 0 0 0 J FAGENSTROM VP MARKETING 210391 0 63845 0 1257 0 114938 0 18762 0 409193 0 0 0 RAUBREY VP TREASURER 205118 0 62098 0 3508 0 74169 0 16921 0 361814 0 0 0 S MOIX VP BRANCH SERVICES 201776 0 66127 0 0 0 97729 0 12754 0 378386 0 0 0 PART I, LINE 4B THE 457(B) IS AN UNFUNDED ELIGIBLE DEFERRED COMPENSATION PLAN FOR THE CREDIT UNION TO PROVIDE RETIREMENT BENEFITS AND INCIDENTAL BENEFITS TO HIGHLY COMPENSATED EMPLOYEES. PARTICIPANTS ARE THOSE EMPLOYEES RECEIVING COMPENSATION OVER $120,000. THE 457(F) SERP PLAN PROVIDES HIGHLY COMPENSATED EMPLOYEES WITH SUPPLEMENTAL RETIREMENT INCOME. THE PLAN HAS NO CONTRIBUTION LIMITS OR RESTRICTIONS, DOES NOT RECEIVE CONTRIBUTIONS FROM THE EXECUTIVE AND PROVIDES A LUMP SUM TO THE EXECUTIVE. THE PLAN ASSETS ARE THE ASSETS OF THE CREDIT UNION AND ARE SUBJECT TO CLAIMS OF CREDITORS. PARTICIPANTS ARE RICK HELDEBRANT, GARY RODRIGUES, KEVIN COLLINS, BRIAN ROSS, RUSS MCALPINE, MARGARETE MUCKER, AND ANN SEBASTIAN. B ROSS KEY EMP 1ST MORTGAGE X 624000 366229 0 0 1 B ROSS KEY EMP 2ND TRUST DEED X 250000 225407 0 0 1 K COLLINS KEY EMP 1ST MORTGAGE X 435000 317497 0 0 1 J FAGENSTROM HCE 1ST MORTGAGE X 395000 387933 0 0 1 B ROSS KEY EMP AUTO X 17259 8427 0 0 1 M MUCKER HCE AUTO X 29377 15135 0 0 1 M MUCKER HCE 1ST MORTGAGE X 290000 195451 0 0 1 R MCALPINE KEY EMP AUTO X 31582 882 0 0 1 R MCALPINE KEY EMP AUTO X 26198 15312 0 0 1 SMOIX HCE AUTO X 56873 54049 0 0 1 SMOIX HCE 1ST MORTGAGE X 885000 849995 0 0 1 K COLLINS AUTO X 24006 21351 0 0 1 2457668 FORM 990, PART VI, SECTION A, LINE 6 STAR ONE 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. STAR ONE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF STAR ONE 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 CONTROLLER, EXECUTIVE VPS, CEO, AND BOARD OF DIRECTORS RECEIVE A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL EMPLOYEES ARE REQUIRED TO READ, SIGN, AND SUBMIT THE CODE OF CONDUCT PLEDGE TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 STAR ONE CREDIT UNION USES CONSULTING FIRMS AND INDUSTRY SPECIFIC SURVEYS TO DELIBERATE COMPANY EMPLOYEES' COMPENSATION. THE GOVERNING BOARD APPROVES THE CEO'S COMPENSATION PACKAGE AFTER IT HAS BEEN THOROUGHLY REVIEWED AND RECOMMENDED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN BRANCHES AND ON THE STAR ONE WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN OCI -7,841,901. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.