2015-11-10T18:53:34-06:00 2014-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2014-01-01 941031345 EDUCATIONAL EMPLOYEES CREDIT UNION EDUC 5594377731 2222 WEST SHAW AVENUE FRESNO CA 93711 ELIZABETH DOOLEY PRESIDENT/CEO 5594377731 2015-11-10 1 VALENTINO CREUS CPA P01054153 8189549700 2014 2016-02-25 16:41:14Z ELIZABETH DOOLEY 2222 WEST SHAW AVENUE FRESNO CA 93711 118568003 0 X WWW.MYEECU.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 468 18 1036210 0 0 0 68876355 71593752 24949485 23557160 0 0 93825840 95150912 596532 688647 0 0 27183607 27078125 0 0 0 36281285 37204666 64061424 64971438 29764416 30179474 2100151953 2285438102 1879674991 2004055740 220476962 281382362 X EDUCATIONAL EMPLOYEES CREDIT UNION IS 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, EDUCATIONAL EMPLOYEES 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 AS PATRONS. 0 0 ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH CONSUMER LOANS FROM A BROAD ARRAY OF PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, CREDIT CARDS AND PERSONAL LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING A HIGH-YIELD CHECKING ACCOUNT PRODUCT AND A PREMIUM-RATE TIERED SAVINGS PRODUCT. 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 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 53922 0 1 468 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 ELENA MARTIN CONTROLLER 5594377733 2222 WEST SHAW AVENUE FRESNO CA 93711 DEREK SCHARTON CHAIRPERSON 2.00 X 1202 0 0 FRANK V POWELL VICE-CHAIRPERSON 2.00 X 159 0 0 DAVID A ROBERTS TREASURER 2.00 X 563 0 0 PAUL HOKOKIAN SECRETARY 2.00 X 970 0 0 CLEO BAUER BOARD MEMBER 2.00 X 1003 0 0 RICK BROWNING BOARD MEMBER 2.00 X 1367 0 0 MIKE SNELL BOARD MEMBER 2.00 X 675 0 0 BARBARA THOMAS BOARD MEMBER 2.00 X 1995 0 0 JOHN TINKER BOARD MEMBER 2.00 X 80 0 0 DEAN CLARK BOARD MEMBER (EMERITUS) 2.00 X 159 0 0 CAROL MUNSHOWER BOARD MEMBER (EMERITUS) 2.00 X 412 0 0 WALTER A FRANZELL SUPV CMTE CHAIR 2.00 X 1253 0 0 WILLIE CLARK SUPV CMTE SECRETARY 2.00 X 1703 0 0 TOM BORCHARDT SUPV CMTE MEMBER 2.00 X 527 0 0 STEPHEN CORL SUPV CMTE MEMBER 2.00 X 93 0 0 LISA CUTTS SUPV CMTE MEMBER 2.00 X 633 0 0 ALI NEKUMANESH SUPV CMTE MEMBER 2.00 X 53 0 0 ELIZABETH DOOLEY PRESIDENT/CEO 60.00 X 621951 0 467297 BEVERLY RYAN CFO 50.00 X 253989 0 33460 DENDA MATTHEWS COO 50.00 X 262428 0 60429 MARK PEREZ CLO 50.00 X 250155 0 48869 BRADLEY TOWERS FINANCIAL REP 40.00 X 280153 0 24626 THOMAS GRAY SVP HR & FACILITIES 50.00 X 215141 0 72059 DICK ASHJIAN SVP RISK MGMT 50.00 X 205691 0 64209 JULIE MATTERN SVP BRANCHES 50.00 X 183108 0 56427 ELENA MARTIN CONTROLLER 50.00 X 180393 0 21371 2465856 0 848747 19 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 VISA PROCESSOR 4487156 DIGITAL INSIGHTINTUIT PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING SERVICES 2941346 JEFFREY SCOTT AGENCY 670 P STREET FRESNO CA 93721 ADVERTISING 1838573 VISA USA PO BOX 60000-FILE 2953 SAN FRANCISCO CA 94160 VISA/DEBIT CARD 1658461 DATA STATEMENT 23120 ALICIA PKWY STE 200 MISSION VIEJO CA 92692 MEMBER STATEMENTS 1258628 29 INTEREST ON LOANS 522100 45522092 45522092 OTHER OPERATING INCOME 522100 16011343 15337045 674298 FEE INCOME 522100 10060317 9698405 361912 71593752 23674104 23674104 23122010 178137 23236547 180544 -114537 -2407 -116944 -116944 95150912 94114702 1036210 0 568647 120000 2465856 16492103 1750569 4781857 1587740 150021 322237 2236759 3573570 8127365 563481 2469826 435774 8170220 1867424 647887 LOAN SERVICING EXPENSE 7293532 MISC OPERATING EXPENSE 1230778 PROV. FOR LOAN LOSSES 115792 64971438 22535411 29770692 91774041 81896939 1184162 1080592 4566467 5129252 44232061 30551379 12961333 13680682 1093990570 1175080450 830516535 920310457 42623434 58489038 2100151953 2285438102 20029755 20820586 1859645236 1983235154 1879674991 2004055740 X 0 0 0 0 220476962 281382362 220476962 281382362 2100151953 2285438102 X 30179474 31602053 -876127 X X 0 1 X 1 0 5800 5800 5800 1 CCUL PAC 1201 K STREET 1050 SACRAMENTO CA 95814 940357265 5000 JIM YOVINO 1335 E SHAW AVE SUITE 103 FRESNO CA 93710 462738783 300 ANTHONY CANNELLA (FPPC #1334109) 976 PACIFIC AVE WILLOWS CA 95988 500 PART I-A, LINE 1: CONTRIBUTION TO CCUL - PAC 5156021 5156021 8683579 4192463 4491116 10930924 9111672 1819252 19461537 17247244 2214293 13680682 LOANS AND LEASES 893490446 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 18934184 C DEPOSITS IN COMMERCIAL BANKS 7885827 C 920310457 TOTAL SHARES AND DEPOSITS 1983235154 1983235154 X PART X, LINE 2: FASB ASC TOPIC 740, 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 NOT DEEMED TO 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, 2014 AND 2013, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 ACTIVE 20-30 CLUB OF MERCED #53 3144 NORTH G ST STE 125-327 MERCED CA 95340 320148898 501(C)(4) 5500 FMV SUPPORT ACTIVITIES FOR LOCAL YOUTH AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVE DALLAS TX 75231 135613797 501(C)(3) 6643 FMV SUPPORT PUBLIC HEALTH EDUCATION IN A VARIETY OF WAYS BIG BROTHERS BIG SISTERS OF CENTRAL CALIFORNIA 905 N FULTON FRESNO CA 93728 941668376 501(C)(3) 5000 FMV MENTORING AND SUPPORT FOR YOUTH SUCCESS BULLARD TALENT CONCERT CHOIR 5445 N PALM AVE FRESNO CA 93704 946002206 FRESNO USD 5000 FMV SUPPORT FOR MERCED COLLEGE PROGRAMS CASA OF FRESNO AND MADERA COUNTIES 1252 FULTON MALL FRESNO CA 93721 770401361 501(C)(3) 11000 FMV SUPPORT VOLUNTEERS TO ADVOCATE FOR ABUSED AND NEGLECTED CHILDREN CENTRAL UNIFIED SCHOOL DISTRICT 4605 N POLK FRESNO CA 93722 770559747 CENTRAL USD 5100 FMV SUPPORT OF LOCAL SCHOOLS CHILDREN'S MUSICAL THEATERWORKS 2425 FRESNO ST 101 FRESNO CA 93721 770289924 501(C)(3) 5000 FMV SUPPORT MUSICAL THEATER AND THE ARTS CLOVIS RODEO 748 RODEO DRIVE CLOVIS CA 93612 941135185 501(C)(7) 5000 FMV SUPPORT OF LOCAL SCHOOLS, CHARITIES, AND ORGANIZATIONS COLLEGE OF THE SEQUOIAS FOUNDATION 915 S MOONEY BLVD VISALIA CA 93277 770071634 501(C)(3) 5500 FMV SUPPORT STUDENT POPULATION ACHIEVE ITS OCCUPATIONAL OBJECTIVES AND TO ADVANCE THE ECONOMIC GROWTH AND GLOBAL COMPETITIVENESS OF BUSINESS AND INDUSTRY COS THEATER DEPARTMENT 915 S MOONEY BLVD VISALIA CA 93277 946003004 501(C)(5) 6000 FMV SUPPORT FOR THE ARTS CSU FRESNO FOUNDATION 4910 N CHESTNUT FRESNO CA 93726 946003272 501(C)(3) 10000 FMV PROMOTE EDUCATION OF TEACHERS EDISON HIGH SCHOOL 540 E CALIFORNIA AVENUE FRESNO CA 93706 931208089 501(C)(3) 5000 FMV SUPPORT LOCAL SCHOOLS FCOE 1111 VAN NESS AVE FRESNO CA 93721 946002210 FRESNO OFF EDUC 65000 FMV SUPPORT EDUCATION FDSA GOLF TOURNAMENT 1360 VAN NESS AVE FRESNO CA 93721 237377560 501(C)(6) 15000 FMV SUPPORT FOR GOLF TOURNAMENTS AND PROVIDE ASSISTANCE TO COMMUNITY FOUNDATION FOR CENTRAL SCHOOLS 4605 N POLK FRESNO CA 93722 562316616 501(C)(3) 5000 FMV SUPPORT CENTRAL UNIFIED SCHOOL PROGRAMS FOUNDATION FOR CLOVIS SCHOOLS 1450 HERNDON AVENUE CLOVIS CA 93611 770140576 501(C)(3) 10000 FMV SUPPORT PROGRAMS OF CLOVIS SCHOOLS FRESNO CHAMBER OF COMMERCE 2331 FRESNO ST FRESNO CA 93721 940489640 501(C)(6) 8281 FMV SUPPORT THE SUCCESS OF THE LOCAL REGIONAL BUSINESS COMMUNITY FRESNO FAIR 1121 S CHANCE AVENUE FRESNO CA 93702 946001554 20000 FMV SUPPORT COMMUNITY ACITIVITIES FRESNO GRIZZLIES 1800 TULARE STREET FRESNO CA 93721 364577270 50000 FMV SUPPORT COMMUNITY ACITIVITIES FRESNO HISTORICAL SOCIETY 7160 W KEARNEY AVE FRESNO CA 93706 941531568 501(C)(3) 16000 FMV PROMOTION OF HISTORY FRESNO PACIFIC UNIVERSITY 1717 S CHESTNUT AVE FRESNO CA 93702 941021164 501(C)(3) 7500 FMV SUPPORT HIGHER EDUCATION FRESNO PHILHARMONIC 2377 W SHAW AVE FRESNO CA 93711 941309738 501(C)(3) 5000 FMV SUPPORT COMMUNITY ACITIVITIES FRESNO REGIONAL FOUNDATION 5250 N PALM AVE 424 FRESNO CA 93704 770478025 501(C)(3) 21132 FMV SUPPORT FOR INVESTMENT AND LOCAL CONTROL OF PHILANTHROPIC RESOURCES CALIFORNIA STATE UNIVERSITY FRESNO ASSOCIATION 2771 EAST SHAW AVENUE FRESNO CA 93710 941512286 501(C)(3) 52000 FMV SUPPORT FOR COMMUNITY ACTIVITIES FRESNO UNIFIED SCHOOL DISTRICT 2309 TULARE STREET FRESNO CA 93721 946002206 FRESNO USD 15000 FMV SUPPORT THE IMPROVEMENT OF STUDENT ACHIEVEMENT KERMAN UNITED ED FOUNDATION 151 S FIRST STREET KERMAN CA 93630 770407187 501(C)(3) 5512 FMV SUPPORT FRESNO COUNTY EDUCATION PROGRAMS KINGS CANYON UNIFIED SCHOOL DISTRICT 675 W MANNING AVE REEDLEY CA 93654 582103066 KINGS CANYON USD 6298 FMV SUPPORT THE IMPROVEMENT OF STUDENT ACHIEVEMENT KINGS COUNTY OFFICE OF ED 1144 W LACEY BLVD HANFORD CA 93230 770135892 KINGS OFF EDUC 9042 FMV SUPPORT KINGS COUNTY EDUCATION PROGRAMS MADERA RESCUE MISSION PO BOX 642 MADERA CA 93639 770144133 501(C)(3) 5087 FMV SUPPORT FOR SERVICES TO THE HOMELESS POPULATION IN MADERA COUNTY MADERA UNIFIED SCHOOL DIST 1902 HOWARD ROAD MADERA CA 93637 352247260 MADERA USD 6000 FMV SUPPORT THE IMPROVEMENT OF STUDENT ACHIEVEMENT MARJAREE MASON CENTER 1600 M ST FRESNO CA 93721 941156639 501(C)(3) 9476 FMV SUPPORT STUDENT DEVELOPMENT BY ENCOURAGING COMMUNITY INVESTMENT AND INVOLVEMENT MERCED COUNTY OFFICE OF EDUCATION 632 W 13TH STREET MERCED CA 95341 946002379 MERCED OFF EDUC 20784 FMV SUPPORT MERCED COUNTY EDUCATION PROGRAMS SAINT AGNES FOUNDATION 1111 E SPRUCE AVE FRESNO CA 93720 941437713 501(C)(3) 10000 FMV SUPPORT FOR CHILDCARE AND WELLNESS SAN JOAQUIN VALLEY TOWN HALL PO BOX 5149 FRESNO CA 93755 941210921 501(C)(3) 10000 FMV SUPPORT SAN JOAQUIN VALLEY EDUCATION PROGRAMS SANGER UNIFIED SCHOOL DISTRICT 1905 SEVENTH STREET SANGER CA 93657 956002210 SANGER USD 6066 FMV SUPPORT THE IMPROVEMENT OF STUDENT ACHIEVEMENT KIWANIS CLUB OF FRESNO 1754 E BULLARD AVE 107 FRESNO CA 93710 940605689 501(C)(4) 6000 FMV ENCOURAGE KIDS' INVOLVEMENT IN COMMUNITY SERVICE ROAD RUNNERS CLUB OF AMERICA 7 RIVER PARK PLACE EA FRESNO CA 93720 770501783 501(C)(3) 5000 FMV HELP PROMOTE LONG DISTANCE RUNNING AND HEALTH AND WELLNESS EDUCATION UC REGENTS 5200 LAKE ST MERCED CA 95343 270093858 CA STATE UNIV SYS 6000 FMV PROMOTION OF UC MERCED CAMPUS PROGRAMS UNITED WAY FRESNO COUNTY 4949 KINGS CANYON RD FRESNO CA 93727 941156514 501(C)(3) 19190 FMV SUPPORT THE IMPROVEMENT OF LIFE QUALITY IN THE COMMUNITY VALLEY ANIMAL SHELTER 3934 N HAYSTON AVE FRESNO CA 93726 770540565 501(C)(3) 5207 FMV SUPPORT FOR THE HEALTH AND WELFARE OF THE ANIMALS VALLEY CAREGIVER RESOURCE CENTER 3845 N CLARK ST 201 FRESNO CA 93726 770370104 501(C)(3) 5000 FMV SUPPORT FOR COMMUNITY ACTIVITIES AND CAREGIVERS VALLEY CRIME STOPPERS 7576 N INGRAM FRESNO CA 93711 770329094 501(C)(3) 6880 FMV SUPPORT CRIME PREVENTION VALLEY PUBLIC TELEVISION 1544 VAN NESS AVE FRESNO CA 93721 770162617 501(C)(3) 30000 FMV SUPPORT PUBLIC TELEVISION WHCC FOUNDATION 9900 CODY AVENUE COALINGA CA 93210 770186793 501(C)(3) 20000 FMV SUPPORT FOR EDUCATION CCUL SEQUOIA 2855 E GUASTI RD SUIT 600 ONTARIO CA 91761 940357265 501(C)(6) 6650 FMV HELP CREDIT UNIONS AND SUPPORT COMMUNITY ACTIVITIES 25 21 EDUCATIONAL GRANTS 60 120000 FMV SCHEDULE I, PART 1, LINE 2 ALL RECIPIENTS MUST APPLY FOR THE SCHOLARSHIPS. ONCE AWARDED, STUDENTS MUST PROVIDE PROOF OF ENROLLMENT BEFORE GRANT FUNDS ARE PAID. X 1 1 X X X X 0 1 0 ELIZABETH DOOLEY PRESIDENT/CEO 516821 0 98612 0 6518 0 439440 0 27857 0 1089248 0 0 0 BEVERLY RYAN CFO 243053 0 10000 0 936 0 32743 0 717 0 287449 0 0 0 DENDA MATTHEWS COO 251453 0 10000 0 975 0 50600 0 9829 0 322857 0 0 0 MARK PEREZ CLO 238919 0 10300 0 936 0 32743 0 16126 0 299024 0 0 0 BRADLEY TOWERS FINANCIAL REP 48104 0 231787 0 262 0 15600 0 9026 0 304779 0 0 0 THOMAS GRAY SVP HR & FACILITIES 204322 0 10000 0 819 0 48218 0 23841 0 287200 0 0 0 DICK ASHJIAN SVP RISK MGMT 194904 0 10000 0 787 0 47667 0 16542 0 269900 0 0 0 JULIE MATTERN SVP BRANCHES 172409 0 10000 0 699 0 46178 0 10249 0 239535 0 0 0 ELENA MARTIN CONTROLLER 169684 0 10000 0 709 0 11025 0 10346 0 201764 0 0 0 PART I, LINE 4B THE CREDIT UNION OFFERS A 457B RETIREMENT PLAN THAT ALLOWS EXECUTIVES TO DEFER A SPECIFIED AMOUNT OF THEIR PRE-TAX INCOME FOR INVESTMENT. EMPLOYEES MAY MAKE DISCRETIONARY CONTRIBUTIONS TO THE PLAN BUT ARE NOT REQUIRED. EMPLOYEES ARE 100% VESTED AT THE TIME OF CONTRIBUTION. CURRENTLY, THE FOLLOWING EXECUTIVES ARE ACTIVELY PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. IN 2014, $17,500 HAS BEEN CONTRIBUTED TO THE FOLLOWING EMPLOYEES PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. THE CREDIT UNION ALSO OFFERS A 457(F) PLAN WHICH IS AN UNFUNDED DEFERRED COMPENSATION PLAN. CURRENTLY ELIZABETH DOOLEY IS THE ONLY PARTICIPANT. BOTH THE 457B AND 457(F) PLANS ARE FUNDED BY LIFE INSURANCE OWNED BY EDUCATIONAL EMPLOYEES CREDIT UNION. INFORMATION OF THE LIFE INSURANCE IS BEING REPORTED ON FORM 8925. DENDA MATTHEWS OFFICER PLATINUM VISA X 32500 31249 0 1 1 X 0 1 1 MARK PEREZ OFFICER PLATINUM VISA X 35000 35111 0 1 1 BEVERLY RYAN OFFICER VEHICLE X 25275 12348 0 1 1 BEVERLY RYAN OFFICER PLATINUM VISA X 35000 1018 0 1 1 BEVERLY RYAN OFFICER 1ST T/D X 335250 287000 0 1 1 THOMAS GRAY HCE PLATINUM VISA X 32500 30297 0 1 1 THOMAS GRAY HCE 1ST T/D X 247000 49904 0 1 1 ELIZABETH DOOLEY OFFICER 1ST T/D X 417000 287000 0 1 1 ELIZABETH DOOLEY OFFICER PLATINUM VISA X 35000 7911 0 1 1 JULIE MATTERN HCE PLATINUM VISA X 20500 12249 0 1 1 JULIE MATTERN HCE GOLD VISA X 20500 166 0 1 1 MARK PEREZ OFFICER GOLD VISA X 25000 748 0 1 1 MARK PEREZ OFFICER OD X 1000 923 0 1 1 THOMAS GRAY HCE HELOC X 189000 182035 0 1 1 DICK ASHJIAN HCE PLATINUM VISA X 25000 11891 0 1 1 JULIE MATTERN HCE VEHICLE X 32545 8595 0 1 1 ELENA MARTIN HCE 1ST T/D X 96000 58501 0 1 1 DENDA MATTHEWS OFFICER LOC X 10000 3885 0 1 1 ELIZABETH DOOLEY OFFICER NEW AUTO X 40000 29000 0 1 1 ELENA MARTIN HCE PLATINUM VISA X 25000 635 0 1 1 MARK PEREZ OFFICER VISA X 25000 20605 0 0 1 BEVERLY RYAN OFFICER HELOC X 50000 9521 0 1 1 1080592 DANIEL MARTIN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE 2000 EDUCATION FORM 990, PART VI, SECTION A, LINE 6 EDUCATIONAL EMPLOYEES 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. EDUCATIONAL EMPLOYEES CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF THE 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 RETURN IS REVIEWED BY THE CONTROLLER, CFO AND CEO. ADDITIONALLY THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND EMPLOYEES MUST ANNUALLY ATTEND A CODE OF CONDUCT TRAINING PRESENTATION WHICH INCLUDES CONFLICT OF INTEREST PROVISIONS. THEIR REQUIRED ATTENDANCE IS EVIDENCED THROUGH A SIGNED ACKNOWLEDGEMENT. IN ADDITION, ALL PROSPECTIVE DIRECTORS SIGN AN ADDITIONAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HIRES AN INDEPENDENT OUTSIDE FIRM THAT SPECIALIZES IN THIS AREA FOR BOTH THE ANNUAL REVIEW AND SALARY STRUCTURE FOR THE CEO. IN ADDITION THE CREDIT UNION USES THE RESULTS OF SEVERAL SURVEYS IN SETTING THE CEO'S COMPENSATION. FOR THE SVP'S AND ALL OTHER KEY EMPLOYEES SURVEYS ARE CONSULTED WHICH SUPPORT SALARY LEVELS AND DUTIES. ALL EMPLOYEES RECEIVE ANNUAL REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN GOVERNING DOCUMENTS AND POLICIES MAY BE MADE AVAILABLE BY WRITTEN REQUEST THROUGH THE CREDIT UNION'S BOARD APPROVED RECORDS INSPECTION POLICY. FINANCIAL STATEMENTS ARE POSTED AND AVAILABLE TO THE PUBLIC AT EACH CREDIT UNION BRANCH OFFICE ON A MONTHLY BASIS. IN ADDITION, AN ANNUAL REPORT IS MADE AVAILABLE AT THE CREDIT UNION'S ANNUAL MEETING OF MEMBERS. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -876,127. 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 EDUCATIONAL EMPLOYEES CREDIT UNION (94-1031345). EDUCATORS FINANCIAL & INSURANCE SERVICES 2222 W SHAW AVENUE FRESNO CA 93711 770244291 DORMANT CORPORATION NOT CURRENTLY CONDUCTING BUSINESS CA EDUCATIONAL EMPLOYEES CREDIT UNION C 5000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0