2015-07-30T17:29:17-05:00 2014-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2014-01-01 950598145 CALIFORNIA BEAR CREDIT UNION CALI 2138304104 300 S SPRING STREET NO 1215 LOS ANGELES CA 90013 TONY GONZALEZ CEO 2138304100 2015-07-29 1 VALENTINO CREUS CPA P01054153 8189549700 2014 2016-03-07 17:11:31Z TONY GONZALEZ 300 S SPRING STREET NO 1215 LOS ANGELES CA 90013 4409987 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 26 11 29034 0 0 0 4185738 3924980 612747 485007 26868 0 4825353 4409987 0 900 0 0 1577225 1672545 0 0 0 2866277 2449803 4443502 4123248 381851 286739 100530493 103560083 93162291 95888314 7368202 7671769 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 0 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 2809 0 1 26 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 EUGENE ZAPATA CFO 2138304132 300 S SPRING STREET SUITE 1215 LOS ANGELES CA 90013 N GREG TAYLOR 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 VITO MODUGNO 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 TONY GONZALEZ CEO 40.00 X 152948 0 50478 EUGENE ZAPATA CFO 40.00 X 88329 0 17981 241277 0 68459 1 0 1 0 SHANGRI-LA 550 S HOPE ST STE 700 LOS ANGELES CA 90071 ADMIN. NEW LOCAL CONSTRUCTION 820319 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 FINANCIAL SERVICES 168317 2 INTEREST ON LOANS 522100 2660662 2660662 FEE INCOME 522100 1165679 1153927 11752 OTHER OPERATING INCOME 522100 98639 81357 17282 3924980 485007 485007 4409987 4380953 29034 0 900 241277 948913 116251 275176 90928 11678 87209 33041 116768 854776 248246 335643 13884 239694 226907 19601 MISCELLANEOUS OPERATING 142384 LOAN SERVICING EXPENSE 94443 PROV LOAN & LEASE LOSS 13463 OPERATING FEES 12066 4123248 667793 777036 23560814 29335532 96225 86766 3962690 2761700 351986 1200990 19468408 18963667 55110735 51923178 1274532 1272914 100530493 103560083 756152 979072 92406139 94909242 93162291 95888314 X 0 0 0 0 7368202 7671769 7368202 7671769 100530493 103560083 X 286739 16828 0 X X 0 1 X 1 0 2740057 1703715 1036342 1222633 1057985 164648 1200990 DEPOSITS IN COMMERCIAL BANKS 1494000 C NET LOAN & LEASES 49220335 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 946324 C PAID IN CAPITAL AT CORP 262519 C 51923178 TOTAL SHARES & DEPOSITS 94909242 94909242 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, 2014, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS GENERALLY NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES FOR TAX YEARS BEFORE 2009 AND BY STATE TAX AUTHORITIES BEFORE 2008. FOR THE YEAR ENDED MARCH 31, 2014, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, 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. X X X 0 0 0 TONY GONZALEZ CEO 152948 0 0 0 0 0 34740 0 15738 0 203426 0 0 0 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. SEE ATTACHED FORM 3115 FOR CALIFORNIA BEAR CREDIT UNION (95-0598145). FORM 990 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION CALIFORNIA BEAR CREDIT UNION 300 S. SPRING STREET, #1215 LOS ANGELES, CA 90013 TAXPAYER IDENTIFICATION NUMBER:95-0598145 FOR THE YEAR ENDING DECEMBER 31, 2014 CALIFORNIA BEAR CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).