2015-11-12T20:14:34-06:00 2014-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2014-01-01 951644523 FISCAL CREDIT UNION FISC 8185538200 310 E COLORADO BLVD GLENDALE CA 91205 STEPHANIE HUBER CEO 8185538272 2015-11-12 1 VALENTINO CREUS CPA P01054153 8189549700 2014 2016-02-25 16:41:14Z STEPHANIE HUBER 310 E COLORADO BLVD GLENDALE CA 91205 7299384 0 X WWW.FISCAL.ORG X CREDIT UNION 1935 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 53 13 82071 -41471 0 0 3695015 3746580 1446328 1420310 489358 0 5630701 5166890 0 0 0 0 2553020 2572596 0 0 0 2823107 2763825 5376127 5336421 254574 -169531 136965623 137341192 125515775 124957832 11449848 12383360 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, FISCAL 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 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LOANS AND PERSONAL LINES OF CREDIT. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. 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 1580 0 1 53 1 1 1 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 STEPHANIE HUBER CEO 8185538272 PO BOX 251029 GLENDALE CA 912251029 QUOC NGUYEN CHAIRMAN 1.00 X 0 0 0 DONNA PETERSON VICE CHAIRMAN 1.00 X 0 0 0 TED KHODAVERDIAN TREASURER 1.00 X 0 0 0 ESSAM MORCOS SECRETARY 1.00 X 0 0 0 RICHARD P BENDALL DIRECTOR 1.00 X 0 0 0 ROBERT R HILL DIRECTOR 1.00 X 0 0 0 RONALD E SCOTT SPHR DIRECTOR 1.00 X 0 0 0 DAVID JAFFE SUPV CMTE CHAIRMAN 1.00 X 0 0 0 SAT AVTAR KHALSA SUPV CMTE SECRETARY 1.00 X 0 0 0 PAUL D KADUK SUPV CMTE MEMBER 1.00 X 0 0 0 PATRICK H PEARCE SUPV CMTE MEMBER 1.00 X 0 0 0 CLAUDIA RUFINO SUPV CMTE MEMBER 1.00 X 0 0 0 CHRISTOPHER ANWARY ALTERNATE MEMBER 1.00 X 0 0 0 STEPHANIE HUBER CEO 40.00 X 152863 0 1314713 JEFF PARONG CFO 40.00 X 100406 0 18199 AVO MKHITARYAN COO 40.00 X 107337 0 19019 DON TURNER VP/RISK MANAGEMENT 40.00 X 85441 0 18926 LISA COLLINS VP/INTERNAL CONTROL 40.00 X 81315 0 4408 527362 0 1375265 3 0 1 0 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSING 252729 DIGITAL INSIGHT 5601 LINDERO CANYON RD WESTLAKE VILLAGE CA 91362 ON-LINE BANKING 170881 JACK HENRY & ASSOCIATES PO BOX 807 MONETT MO 65708 FINANCIAL SERVICES 105189 3 LOAN INCOME 522100 2592329 2592329 FEES & CHARGES 522100 988132 906061 82071 OTHER OPERATING INCOME 522100 166119 166119 3746580 1404776 1404776 2148028 2132494 15534 15534 15534 5166890 5084819 82071 0 527362 1214872 269868 393080 167414 42362 76332 36000 113757 177526 937960 421986 284930 50918 197278 145273 4110 LOAN SERVICING EXPENSES 147538 MISC OPERATING EXPENSES 96330 PROV FOR LOANS & LEASES 16371 ASSOCIATION DUES 15154 5336421 176612 180494 14088312 15526795 137468 124196 6471242 4474558 2083141 1996684 67638010 55729219 47598632 63325964 5243448 457840 136965623 137341192 1484996 1853603 124030779 123104229 125515775 124957832 X 0 0 0 0 11449848 12383360 11449848 12383360 136965623 137341192 -169531 1103043 0 X X 0 1 X 1 0 880000 880000 2694976 1718838 976138 507345 444082 63263 2388921 2311638 77283 1996684 CORP CREDIT UNION CAP 330932 C NET LOANS 52199013 F SHARE CERTIFICATE INVESTMENTS 5456000 C AMERICAN SHARE INSURANCE FUND 1652400 C OTHER INVESTMENTS 3687619 F 63325964 TOTAL SHARES & DEPOSITS 123104229 123104229 X PART X, LINE 2: FASB ACS TOPIC 740, 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 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 MARCH 31, 2015 AND 2014, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X 0 1 0 STEPHANIE HUBER CEO 152863 0 0 0 0 0 1313611 0 1102 0 1467576 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS A DEFERRED COMPENSATION CONTRACT WITH ITS CEO. THE CONTRACT MATURES AFTER 10 YEARS. THE DEFERRED COMPENSATION PLAN WAS DESIGNED TO INCENTIVIZE KEY EXECUTIVES TO STAY WITH THE CREDIT UNION FOR AT LEAST 10 YEARS. FORM 990, PART VI, SECTION A, LINE 6 FISCAL 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. FISCAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF FISCAL 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 EACH BOARD MEMBER SHALL RECEIVE A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, ALL EMPLOYEES ARE REQUIRED TO REVIEW THE POLICY AND SIGN OFF THAT THEY UNDERSTAND THE POLICY AND ARE IN COMPLIANCE WITH IT. ON AN ONGOING BASIS, THE HUMAN RESOURCE AND SUPPORT SERVICE DEPARTMENTS MONITOR EMPLOYEES FOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PACKAGE OF THE CREDIT UNION'S CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS AVERAGE COMPENSATION DATA FOR CEOS OF SIMILARLY SIZED CREDIT UNIONS. THE CEO REVIEWS AND DETERMINES THE COMPENSATION PACKAGE OF KEY EMPLOYEES OF THE CREDIT UNION ANNUALLY. THE CEO REVIEWS AVERAGE COMPENSATION DATA FOR KEY EMPLOYEES OF SIMILARLY SIZED CREDIT UNIONS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE BUILDING LOBBY AND ARE ALSO 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 FISCAL CREDIT UNION (95-1644523).