2015-10-21T04:36:42-00:00 2014-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2014-01-01 940335800 1st UNITED SERVICES CREDIT UNION 1STU 9255984837 PO BOX 11746 PLEASANTON CA 94588 STEPEN M STONE CFO 2015-10-21 true DOUGLAS ORTH 3052328272 2015-10-21 2014 2016-04-25 22:37:26Z VICTOR QUINT PO BOX 11746 PLEASANTON CA 94588 32354451 false 1526 X WWW.1STUSCU.ORG X CREDIT UNION 1932 CA TO PROVIDE A LIFETIME OF SIMPLER, FASTER, FRIENDLIER FINANCIAL SERVICES FOR OUR MEMBERS. 9 9 170 14 172045 -461090 0 29846173 27621451 2635658 2325020 658828 2407980 33140659 32354451 0 0 11384086 12244501 0 0 17511243 14328540 28895329 26573041 4245330 5781410 823661093 834329195 744923968 748931771 78737125 85397424 X 1ST UNITED SERVICES CREDIT UNION 1ST USCU SERVES MEMBERS PRIMARILY LOCATED IN THE EAST BAY OF THE SAN FRANCISCO BAY AREA, WITH A WIDE RANGE OF COMPETITIVELY PRICED PRODUCTS AND SERVICES. 1ST USCU OFFERS REAL ESTATE LOANS, NEW AND USED AUTO LOANS AND VISA CREDIT CARDS. REAL ESTATE LOANS COMPRISE OVER HALF OF 1ST USCUS 500 MILLION LOAN PORTFOLIO. false false 1ST UNITED SERVICES CREDIT UNION OFFERS A COMPREHENSIVE PORTFOLIO OF SAVINGS AND LOAN PRODUCTS FOR MEMBERS. 1ST UNITED SERVICES PRODUCTS ARE AN EXCELLENT VALUE, COMPETITIVELY PRICED AND EASY TO PURCHASE. ALL OF OUR PRODUCTS ARE AVAILABLE TO MEMBERS THROUGH OUR EXTENSIVE BRANCH NETWORK, VIA OUR MEMBER SERVICES CALL CENTER OR ONLINE AT WWW.1STUSCU.ORG. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 11724 0 true 170 true true true false false false false false X 9 9 false false false false true true true true true false false true true true true false true true true false CA X 1st UNITED SERVICES CREDIT UNION 9255984702 PO BOX 11746 PLEASANTON CA 94588 HOWARD T GARRIGAN CHAIRMAN 001.00 001.00 X 7970 0 0 STEVE MANNING VICE CHAIRMAN 001.00 001.00 X 6500 0 0 NAOMI O BURNS SECRETARY 001.00 001.00 X 7970 0 0 NEIL PETERSON TREASURER 001.00 001.00 X 7923 0 0 DIANA BONANNO BOARD MEMBER 001.00 001.00 X 7800 0 0 VELETA ALLEN BOARD MEMBER 001.00 001.00 X 7800 0 0 GERALD DEMARIA BOARD MEMBER 001.00 001.00 X 8193 0 0 TERESITA M LAUIGAN BOARD MEMBER 001.00 001.00 X 8381 0 0 DAVE MACDONALD BOARD MEMBER 001.00 001.00 X 8193 0 0 VICTOR QUINT PRESIDENT/CEO 040.00 040.00 X 399988 0 42189 STEPHEN M STONE CFO 040.00 040.00 X 174345 0 19758 GREGORY PULLIAM CAO 040.00 040.00 X 173692 0 19565 EDWARD RENTERIA COO 040.00 040.00 X 174110 0 23318 TOSHA EAGLES-WILLIAMS CLO 040.00 040.00 X 173006 0 13341 JOANNA UHL CIO 040.00 040.00 X 168515 0 26884 MIKE HUFFORD VP INFORMATION TECHNOLOGY 040.00 040.00 X 121100 0 23796 LAURA POERNIK VP ELECTRONIC SERVICES 040.00 040.00 X 118745 0 19308 BRIAN REED VP BUSINESS INTELLIGENCE PROCESS IMPROVEMENT 040.00 040.00 X 123804 0 10834 ANNE KENNY SVP LENDING 040.00 040.00 X 134829 0 17032 MARK EDELMAN VP MEMBER SERVICES 040.00 040.00 X 104926 0 24031 1937790 240056 13 false true false ACI WORLDWIDE CORP 13594 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ONLINE BANKING SERVICE 336014 FISERV INC PO BOX 80123 CITY OF INDUSTRY CA 91716 CORE SYSTEM 686096 DIEBOLD GLOBAL FINANCE PO BOX 644399 PITTSBURGH PA 152644399 ATM PROCESSING 1016094 DIEBOLD INCORPORATED PO BOX 643543 PITTSBURGH PA 15264 ATM PROCESSING 274875 IMPERIAL PRINTING 481 VANDELL WAY CAMPBELL CA 94508 PRINTING SERVICES 210901 25 INCOME ON LOANS 522100 23540099 23540099 FEE INCOME 522100 3909307 3909307 UNRELATED BUSINESS INCOME 900099 172045 172045 27621451 2325020 2325020 MISCELLANEOUS INCOME 522100 2407980 2407980 2407980 32354451 32182406 172045 0 0 0 0 1479441 1479441 0 8227252 8227252 617326 617326 1147773 1147773 772709 772709 50754 50754 83840 83840 99195 99195 0 102102 102102 391839 391839 586777 586777 349564 349564 1967843 1967843 0 992555 992555 57508 57508 0 339057 339057 3289352 3289352 75240 75240 616427 616427 289047 289047 SEE ATTACHED SCHEDULE 5037440 5037440 0 26573041 26573041 4741835 5501222 42601798 52641542 2690086 2566443 539161450 585935532 952626 1369679 20406604 12543676 8197371 7862928 211290383 164778224 4743600 4852300 9281944 8821325 823661093 834329195 2618307 3311250 742305661 745620521 744923968 748931771 X 78737125 85397424 78737125 85397424 823661093 834329195 5781410 878889 X false true X true false false 1760872 1760872 7579365 3359442 4251911 2655854 2247430 172524 8410513 7365758 1677621 7862928 Financial derivatives and other financial products Closely-held equity interests Federal income taxes REGULAR SHARES 146511923 SHARE DRAFTS 88105235 MONEY MARKET SHARES 237123040 SHARE CERTIFICATES 225977359 IRA/CD SHARES 47902964 745620521 X 32354451 32354451 32354451 26573041 26573041 26573041 X 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. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE IRC SECTION 501C14. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNICAL ADVICE MEMORANDUMS TAMS TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2012, 2011, AND 2010 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X X X true false false VICTOR QUINT PRESIDENT/CEO 364588 35400 24985 17204 442177 STEPHEN M STONE CFO 173745 600 12028 7730 194103 GREGORY PULLIAM CAO 173342 350 11984 7581 193257 EDWARD RENTERIA COO 173560 550 12188 11130 197428 TOSHA EAGLES-WILLIAMS CLO 172406 600 11935 1406 186347 JOANNA UHL CIO 168365 150 11666 15218 195399 ANNE KENNY SVP LENDING 134729 100 9438 7594 151861 Part I Line 4a MARK EDELMAN RECEIVED A SEVERANCE PAY OUT OF 27,700. Form 990, Part III, Line 1 FOR SAVERS, 1ST USCU OFFERS A WIDE RANGE OF DEPOSIT PRODUCTS, INCLUDING CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, SHARE CERTIFICATED AND IRA CERTIFICATES. IN THE COMMUNITY, 1ST USCU OFFERS NO COST FINANCIAL EDUCATION SEMINARS TO MEMBERS, NON-MEMBERS, TEENS AND ADULTS. Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS. Form 990, Part VI, Section A, Line 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. Form 990, Part VI, Section A, Line 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODYS 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 THE VICE-PRESIDENT/ACCOUNTING AND FINANCE GATHERS AND PREPARES THE INFORMATION. THE CFO AND CEO REVIEW AND VERIFY THE INFORMATION. UPON COMPLETION, A COPY OF THE FORM IS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. Form 990, Part VI, Section B, Line 12C THE CREDIT UNIONS CONFLICT OF INTEREST POLICY IS PROVIDED TO EMPLOYEES IN THE EMPLOYEE HANDBOOK. ANNUALLY, EMPLOYEES ARE REMINDED AND ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ THE POLICY, AS WELL AS THE OTHER SECTIONS IN THE HANDBOOK. MANAGERS ARE HELD ACCOUNTABLE TO MONITOR ADHERENCE TO THE POLICY AND TO ENSURE THEIR EMPLOYEES UNDERSTAND IT. Form 990, Part VI, Section B, Line 15 COMPENSATION AT THE CREDIT UNION IS GOVERNED BY A BOARD OF DIRECTORS APPROVED SALARY ADMINISTRATION POLICY. THE CREDIT UNION SETS COMPENSATION RANGES FOR ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, USING A THIRD PARTY COMPENSATION CONSULTING FIRM. THIS THIRD PARTY ORGANIZATION PROVIDES COMPENSATION INFORMATION AND SALARY RANGES FOR COMPANIES NATIONWIDE. SALARY RANGES ARE DEVELOPED THROUGH NATIONWIDE, INDUSTRY-SPECIFIC COMPENSATION SURVEYS AND COMPENSATION BENCHMARKING FOR KEY POSITIONS. THE BOARD OF DIRECTORS APPROVE THE SALARY RANGES AND EVALUATE ANY ANNUAL CHANGES RECOMMENDED BY THE THIRD PARTY FIRM. SALARY LEVELS AND JOB GRADES FOR INDIVIDUAL POSITIONS ARE DETERMINED USING A JOB EVALUATION PROCESS PROVIDED BY THE THIRD PARTY FIRM. Form 990, Part VI, Section C, Line 19 GENERALLY, GOVERNING DOCUMENTS/POLICIES ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC OR TO MEMBERS. MONTHLY FINANCIAL RESULTS ARE PUBLICLY POSTED.