2025-11-06T12:50:39-06:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 951652773 FIRST IMPERIAL CREDIT UNION FIRS 7603521540 1602 W MAIN STREET EL CENTRO CA 92243 FIDEL GONZALEZ CEO 7603521540 2025-11-05 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z FIDEL GONZALEZ 1602 W MAIN STREET EL CENTRO CA 92243 16328469 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 75 10 58798 0 0 0 12409681 15027147 830546 1178604 116109 71965 13356336 16277716 12533 24879 0 0 4225052 4866207 0 0 0 6011564 9075083 10249149 13966169 3107187 2311547 195673928 219267309 171596791 192597439 24077137 26669870 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2490 0 1 75 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X VERONICA YEE ACCOUNTING MANAGER 7603521540 1602 W MAIN STREET EL CENTRO CA 92243 VICTOR TORRES CHAIRPERSON 0.75 X 0 0 0 ALEXIS ARAUJO VICE CHAIRPERSON 0.75 X 0 0 0 MICHAEL CAMPBELL SECRETARY 0.75 X 0 0 0 CHRISTOPHER H PETREE TREASURER 0.75 X 0 0 0 VICTOR JAIME BOARD MEMBER 0.75 X 804 0 0 KATHLEEN LANG BOARD MEMBER 0.75 X 2014 0 0 CARLOS FLETES BOARD MEMBER 0.75 X 0 0 0 STEVE ESCALERA SUPV CMTE CHAIR 0.75 X 0 0 0 KATIE LUNA SUPV CMTE MEMBER 0.75 X 0 0 0 DAWN CHUN SUPV CMTE MEMBER 0.75 X 659 0 0 FIDEL GONZALEZ PRESIDENT/CEO 40.00 X 282038 0 95385 CUAUHTEMOC DE LA TORRE EVP/CFO 40.00 X 210567 0 24995 JORGE ALCANTAR COO 40.00 X 132155 0 7597 MARLENA RENTERIA CXO 40.00 X 124905 0 7719 753142 0 135696 4 0 1 0 JACK HENRY & ASSOCIATES INC P O BOX 609 MONETT MO 65708 COMPUTER SOFTWARE/HARDWARE 582994 COOK SOLUTIONS GROUP 9225 NE CASCADES PKWY PORTLAND OR 97220 TECHNOLOGY AND SECURITIES SOLUTIONS 396499 IMS 245 COMMERCE BLVD LIVERPOOL NY 13088 POSTAGE SERVICE 150599 SECUR SERV PO BOX 93038 CHICAGO IL 60673 IT SERVICES 134447 STRUM AGENCY 1200 6TH AVE SUITE 900 SEATTLE WA 98101 BRANDING AND MARKETING 120165 5 INTEREST ON LOANS 522100 10280927 10280927 FEE INCOME 522100 3021706 2969977 51729 OTHER OPERATING INCOME 522100 1724514 1717445 7069 15027147 1191998 1191998 37359 50753 -13394 -13394 -13394 GAIN ON EQUITY AND TRADING DEBT S 522100 71965 71965 71965 16277716 16218918 58798 0 24879 753142 3163295 354096 296199 299475 13180 73380 312689 226999 1135770 689912 473645 116688 2551126 433548 122559 PROVISION FOR LOAN & LE 2291542 MISCELLANEOUS EXPENSE 380739 LOAN SERVICING EXPENSE 226484 OPERATING FEES 26822 13966169 3711383 3945218 13768386 24369256 250746 235183 10154148 2524186 7202055 7629962 164640712 173383240 6100646 9704450 195673928 219267309 5903430 6182556 165693361 186414883 171596791 192597439 X 0 0 0 0 24077137 26669870 24077137 26669870 195673928 219267309 X 2311547 50980 -3789 233995 X X 0 1 X 1 0 2183006 2183006 5581225 1565669 4015556 517745 124614 393131 1872172 833903 1038269 7629962 DEPOSITS IN COMMERCIAL BANKS 2740000 C LOANS AND LEASES 161323636 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 1543323 C AVAILABLE FOR SALE SECURITIES 910383 F HELD-TO MATURITY SECURITIES 3498169 F PAID-IN CAPITAL AT CORP 148489 C EQUITY SECURITIES 3199240 F ALL OTHER INVESTMENTS 20000 F 173383240 TOTAL SHARES AND DEPOSITS 186414883 186414883 X 16277717 0 16277717 -1 -1 16277716 13966170 0 13966170 -1 -1 13966169 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION -1. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION -1. 0 IMPERIAL VALLEY COLLEGE FOUNDATION 380 EAST ATEN ROAD IMPERIAL CA 92251 956120642 501(C)(3) 9700 0 FMV TO SUPPORT STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS, AND EDUCATIONAL INITIATIVES THAT PROMOTE STUDENT SUCCESS AND ACCESS TO HIGHER EDUCATION AT IMPERIAL VALLEY COLLEGE. 1 0 X X X 0 1 0 FIDEL GONZALEZ PRESIDENT/CEO 243092 0 14545 0 24401 0 80540 0 14845 0 377423 0 0 0 CUAUHTEMOC DE LA TORRE EVP/CFO 190404 0 12287 0 7876 0 7479 0 17516 0 235562 0 0 0 PART I, LINE 4B EFFECTIVE APRIL 1, 2018, THE CREDIT UNION ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR A MEMBER OF SENIOR MANAGEMENT UNDER IRC SECTION 457(F). THE CREDIT UNION ACCRUES FOR THE PLAN EACH YEAR UNTIL THE TARGET BENEFIT AMOUNT AND TARGET BENEFIT DATE ARE REACHED. 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 233,996. ROUNDING -1. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.