2015-05-13T16:43:12-05:00 2014-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2014-01-01 941530642 SACRAMENTO CREDIT UNION SACR 9164446070 PO BOX 2351 SACRAMENTO CA 958122351 JAMES BATSON CFO 9164446070 2015-05-12 1 GERALD B KISSELL P00092658 6123324300 2014 2016-02-25 16:41:14Z BHAVNESH MAKIN PO BOX 2351 SACRAMENTO CA 958122351 14392072 0 1526 X WWW.SACTOCU.ORG X 1935 CA SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. 7 7 97 12 145896 -132815 0 0 12448574 11979935 2007605 2027563 244024 168168 14700203 14175666 0 0 736128 656271 5711720 5681657 0 0 0 4582719 4364901 11030567 10702829 3669636 3472837 370496276 386093186 323845862 335969935 46650414 50123251 X SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. 0 0 ESTABLISHED MARCH 18, 1935, SACRAMENTO CREDIT UNION (SCU) IS INCORPORATED UNDER SECTION 14100 OF THE CREDIT UNION DIVISION OF THE STATE OF CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT. ORIGINALLY CHARTERED TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO EMPLOYEES OF SOUTHERN PACIFIC RAILROAD AND SACRAMENTO COUNTY, SCU HAS SINCE BECOME A COMMUNITY CREDIT UNION SERVING 24,365 MEMBERS ACROSS THE FOLLOWING COUNTIES: EL DORADO, PLACER, SOLANO, SUTTER, YOLO, AND YUBA. COMPOSED OF INDIVIDUALS, CORPORATIONS, PARTNERSHIPS, AND OTHER LEGAL ENTITIES, SCU MAINTAINS THE STANDARDS OF A TRADITIONAL MEMBER-OWNED COOPERATIVE WHILE PROVIDING SUPERIOR FINANCIAL SERVICES AT SIX LOCATIONS AS WELL AS CONVENIENT PAYMENT OPPORTUNITIES AFFORDED BY ONLINE BANKING, BILL PAY, MOBILE BANKING, POINT-OF-SALE, AND ATM TRANSACTIONS WITH SURCHARGE-FREE ACCESS AT 28,000 ATMS, INCLUDING 9,000 DEPOSIT-TAKING AND 5,500 7-ELEVEN LOCATIONS THROUGHOUT THE US AND CANADA. SCU OFFERS A WIDE RANGE OF COMPETIVELY PRICED CONSUMER LOAN PRODUCTS TO HELP MEMBERS WITH FINANCING FOR VEHICLES AND FIRST MORTGAGES. FINANCING IS ALSO AVAILABLE IN THE FORM OF SECURED AND UNSECURED LINES OF CREDIT. REGARDING THE LATTER, SCU OFFERS VISA PLATINUM CREDIT CARDS BOTH WITH AND WITHOUT THE POPULAR REWARDS FEATURE. SCU ALSO OFFERS COMMERCIAL SERVICES INCLUDING CASH MANAGEMENT, COMMERCIAL CONSTRUCTION LOANS, COMMERCIAL REAL ESTATE LOANS, AND SBA LOANS. SCU OFFERS A BROAD RANGE OF DEPOSIT PRODUCTS TO ASSIST MEMBERS IN MANAGING CASH FLOW AND SAVING FOR THE FUTURE. INSURED TO AT LEAST $250,000 AND BACKED BY THE FULL FAITH AND CREDIT OF THE FEDERAL GOVERNMENT, SAVINGS OPPORTUNITIES INCLUDE THE FOLLOWING COMPETIVELY PRICED ACCOUNTS: REGULAR, VACATION CLUB, HOLIDAY, IRA, MONEY MARKET, REGULAR AND REWARDS CHECKING, AND CERTIFICATES OF DEPOSIT. SAVINGS IS MADE CONVENIENT VIA DIRECT DEPOSIT OF PAY CHECKS AS WELL AS ANY OTHER RECURRING SOURCE OF CASH INFLOW. THROUGH ONLINE, MOBILE OR TELEPHONE BANKING, MEMBERS CAN EASILY TRANSFER FUNDS BETWEEN SAVINGS ACCOUNTS OR MAKE PAYMENT ON LOANS. ALSO AVAILABLE ARE PREMIUM QUALITY INVESTMENT SERVICES PROVIDED BY CERTIFIED IN-HOUSE FINANCIAL CONSULTING. 0 0 1 0 0 0 0 0 0 1 1 0 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 6296 0 1 97 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X JIM BATSON 9164446070 PO BOX 2351 SACRAMENTO CA 958122351 LES BROWN CHAIR 1.00 X X 0 0 0 WILLIE L SOUTHWARD III VICE CHAIR 1.00 X X 0 0 0 JAN REEVES SECRETARY-TREASURER 1.00 X X 0 0 0 LINDA FOSTER-HALL DIRECTOR 1.00 X 0 0 0 JUDY MCGARRY DIRECTOR 1.00 X 0 0 0 MARK NORRIS DIRECTOR 1.00 X 0 0 0 TERRY TICE DIRECTOR 1.00 X 0 0 0 JERROLD A KINLOCK PRESIDENT/CEO (RETIRED 10/16/14) 40.00 X 1851127 0 45402 BHAVNESH MAKIN PRESIDENT/CEO 40.00 X 179714 0 18214 JAMES D BATSON CFO 40.00 X 117054 0 19171 BRYDEN CAIRNEY VP LENDING 40.00 X 105079 0 16015 TARIK ELDIN INVESTMENT SERVICES DIRECTOR 40.00 X 380823 0 60737 2633797 0 159539 5 0 1 0 MASTER CRAFT BUILDERS 5555 AGUILAR ROAD ROCKLIN CA 95677 CONSTRUCTION CONTRACTOR 497415 JACK HENRY & ASSOCIATES INC PO BOX 807 MONETT MO 65708 CARD PROCESSOR 303071 GLORY GLOBAL SOLUTIONS INC PO BOX 71252 CHICAGO IL 606941252 CASH RECYCLER VENDOR 227532 DH USA INC 400 SW 6TH AVENUE SUITE 200 PORTLAND OR 97204 DATA PROCESSING 220167 PSCU FINANCIAL SERVICES INC 560 CARILLON PARKWAY ST PETERSBURG FL 33716 ONLINE BILLPAY PROVIDER 136506 6 NET LOAN PORTFOLIO 522100 6353395 6353395 OTHER INCOME 522100 3905397 3759501 145896 FEE INCOME 522100 1721143 1721143 11979935 2025209 2025209 231301 120735 110566 110566 110566 98025 95671 2354 2354 2354 457F PLAN INCOME 522100 57602 57602 57602 14175666 11834039 145896 2195731 656271 587982 3831751 228962 664298 368664 199610 123758 226674 590539 733327 97880 57 411523 69455 VISA OPERATIONS 664003 LENDING AND COLLECTIONS 426469 ATM OPERATIONS 396564 425042 10702829 2644388 1922775 42732 42908 140799726 167719764 438989 446094 11677129 7689678 3449981 3987451 213719034 197794423 9401426 14179771 370496276 386093186 3856900 2319685 319988962 333650250 323845862 335969935 X 0 0 0 0 46650414 50123251 46650414 50123251 370496276 386093186 3472837 0 X 0 1 X 1 0 7250 7250 7250 1 FRIENDS OF SCOTT JONES PO BOX 1137 SACRAMENTO CA 95812 5000 JOHN CHIANG FOR STATE TREASURER 2014 6380 WILSHIRE BLVD 1612 LOS ANGELES CA 90048 500 ROGER DICKINSON FOR SENATE 2014 1127 11TH STREET SUITE 606 SACRAMENTO CA 95814 1000 SCHUBERT FOR DISTRICT ATTORNEY 2014 510 BERCUT DRIVE SUITE S SACRAMENTO CA 95811 750 PART I-A, LINE 1: SACRAMENTO CREDIT UNION PARTICIPATES IN POLITICAL CAMPAIGN ACTIVITIES SO WE HAVE AN OPPORTUNITY TO PROVIDE INPUT ON LEGISLATION THAT AFFECTS CREDIT UNIONS. 233500 233500 5726032 3315796 2410236 1178597 548289 630308 3876992 3325315 551677 662008 500278 161730 3987451 SURPLUS LIQUIDITY 197794423 C 197794423 CORE DEPOSITS 112280299 MONEY MARKET 78457157 SHAREDRAFT WITH DIVIDENDS 69364538 SHAREDRAFT WITHOUT DIVIDENDS 26172344 IRA SHARES: ROTH & EDUCATION 893349 IRA SHARES: TRADITIONAL 4054155 IRA CERTIFICATES 8493895 SHARE CERTIFICATES 33934513 333650250 X X X 0 1 0 JERROLD A KINLOCK PRESIDENT/CEO (RETIRED 10/16/14) 179707 0 0 0 1671420 0 25630 0 20107 0 1896864 0 516000 0 BHAVNESH MAKIN PRESIDENT/CEO 169438 0 0 0 10276 0 18214 0 7279 0 205207 0 0 0 TARIK ELDIN INVESTMENT SERVICES DIRECTOR 20416 0 4518 0 355889 0 27950 0 34700 0 443473 0 0 0 PART I, LINE 4B JERROD A. KINLOCK, PRESIDENT/CEO PARTICIPATED IN A 457(F), NON-QUALIFIED RETIREMENT PLAN AND RECEIVED A PAYOUT OF $1,652,187 IN 2014. FORM 990, PART I, LINE 6 - TOTAL NUMBER OF VOLUNTEERS THE CREDIT UNION HAD 7 UNCOMPENSATED BOARD DIRECTORS AND 5 SUPERVISORY COMMITTEE MEMBERS FOR A TOTAL OF 12 VOLUNTEERS DURING THE 2014. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WILL BE REVIEWED BY THE CFO AND ACCOUNTING MANAGER. FORM 990, PART VI, SECTION B, LINE 12C MANAGERS ARE RESPONSIBLE AND HELD ACCOUNTABLE FOR SUPERVISING THE DAILY TRANSACTIONS AND ACTIVITIES PERFORMED WITHIN THEIR RESPECTIVE DEPARTMENTS INCLUDING, BUT NOT LIMITED TO, MONITORING ALL GIFTS AND GRATUITIES RECEIVED BY STAFF FROM VENDORS OR MEMBERS AND MONITORING FOR OUTSIDE EMPLOYMENT BY STAFF THAT COULD POSE A POTENTIAL CONFLICT OF INTEREST. MANAGERS ARE RESPONSIBLE FOR DOCUMENTING ALL SITUATIONS THAT MAY PRESENT A CONFLICT OF INTEREST AND FOR BRINGING TO A VICE PRESIDENT'S ATTENTION ANY AND ALL VIOLATIONS OF POLICY. VICE PRESIDENTS ARE RESPONSIBLE FOR SUPERVISING ALL TRANSACTION AND ACTIVITIES PERFORMED BY MANAGERS. COMPLIANCE WITH POLICY IS ENFORCED THROUGH THE USE OF THE DISCIPLINARY PROCESS FOR FAILURE TO DISCLOSE INFORMATION RELATIVE TO A POTENTIAL CONFLICT OF INTEREST AND FOR ANY AND ALL VIOLATIONS OF POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION EXECUTIVE SOCIETY AND WESTERN MANAGEMENT COMPENSATION SURVEYS ARE UTILIZED AS COMPARABLE DATA FOR ESTABLISHING SALARY RANGES. WHEN SETTING OFFICER AND KEY EMPLOYEE COMPENSATION, FACTORS TAKEN INTO CONSIDERATION ARE COMPA RATIO, SUBJECT EXPERTISE, INDUSTRY EXPERIENCE, JOB TENURE AND JOB PERFORMANCE. THE CEO RECOMMENDS VICE PRESIDENTS' SALARY RANGES AND SALARIES TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS CONSULTS WITH A THIRD PARTY TO ESTABLISH THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES.