2015-11-12T20:12:49-06:00 2014-12-31 420714325 RSM US LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2014-01-01 951184903 SAN DIEGO COUNTY CREDIT UNION SAND 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 ASHLEE MICALE CFO 8777322848 2015-11-12 1 CHRISTOPHER M PEKULA P00734965 2133304800 2014 2016-02-25 16:41:14Z TERESA HALLECK 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 236829269 0 X WWW.SDCCU.COM X 1938 CA STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS 8 7 938 11 2321618 -2513226 0 0 184838859 193645165 23743926 23418666 13087233 19765438 221670018 236829269 0 0 0 0 43232115 48839848 0 0 0 88376016 92513617 131608131 141353465 90061887 95475804 6348541558 6731716805 5538295773 5825996687 810245785 905720118 A NOT-FOR-PROFIT CREDIT UNION WHOLLY OWNED BY ITS MEMBERS 0 0 PROVIDE LOAN PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE DEPOSIT PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE OTHER FINANCIAL SERVICES TO MEMBERSHIP 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 77685 0 1 938 1 1 1 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 CA X MS ASHLEE MICALE CFO 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 TERESA HALLECK CEO & PRESIDENT 40.00 X X 1070875 0 430288 ROD CALVAO DIRECTOR & FORMER CEO 1.00 X 425000 0 -180126 ILAN AWERBUCH DIRECTOR 1.00 X 2331 0 0 PATRICIA HONEYCUTT DIRECTOR 1.00 X 0 0 0 RICHARD COLLINS DIRECTOR 1.00 X 0 0 0 STEVE REUEL DIRECTOR 1.00 X 4003 0 0 SHIRLEY JACKSON DIRECTOR 1.00 X 0 0 0 LAURIE LEVENSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER HART DIRECTOR 1.00 X 0 0 0 CHITRAPHOL T VONGSAWAD COO 40.00 X 392668 0 150898 ASHLEE N MICALE EVP & CFO 40.00 X 347496 0 33070 HEATHER E MOSHIER EVP - IT 40.00 X 352683 0 287936 DALE TURNER EVP - REAL ESTATE 40.00 X 335483 0 31775 NATHAN S SCHMIDT EVP - MARKETING & BUSINESS 40.00 X 277789 0 32994 MICHELLE PAGNI EVP - HUMAN RESOURCES 40.00 X 273250 0 44475 PATRICK COSGROVE EVP - CONSUMER LENDING 40.00 X 270902 0 40150 EDWARD MARR SVP, INVESTMENT OFFICER 40.00 X 205598 0 19810 JOHN SEDBERRY FINANCIAL ADVISOR 40.00 X 218568 0 9997 MARC A MATHEWS VP - BUSINESS LOAN ORIGINATIONS 40.00 X 170250 0 44903 LEONARD GZESH SVP, INVEST & WEALTH SERVICES 40.00 X 202347 0 6743 CAROLYN KISSICK SVP, OPS & CARD SERVIES 40.00 X 199277 0 11744 4748520 0 964657 62 0 1 1 SHEPPARD MULLIN RICHTER & HAMPTON LLP 333 SOUTH HOPE ST 43RD FL LA CA 90071 LEGAL SERVICES 2341928 UNIVERSAL PROTECTION SERVICE LP PO BOX 101034 PASADENA CA 91189 SECURITY SERVICES 748273 MICROSOFT LICENSING GP 1401 ELM ST FL 5 DEPT 842467 DALLAS TX 75202 LICENSING SERVICES 496235 ACCENTURE LLC PO BOX 70629 CHICAGO IL 60673 MORTGAGE DOCUMENTS SW LICENSING 436861 BEAR GARDEN INVESTMENT LLC PO BOX 844676 LOS ANGELES CA 90084 REAL ESTATE AGENTS & BROKERS 362004 30 INTEREST INCOME 522100 144166525 144166525 FEE INCOME 522200 49478640 47157022 2321618 193645165 20422595 20422595 75234 0 75234 75234 75234 2996071 0 2996071 2996071 2996071 PROVISION FOR LOANS 522100 12430000 12430000 PARTICIPATION AUTO LOAN 522100 2544730 2544730 MEMBER INVESTMENT SERVICES 522100 1900771 1900771 2814703 2814703 19690204 236829269 211013751 2321618 23493900 5713177 34233433 1020764 4769841 3102633 2555078 700830 6000 12658493 8880191 3998458 10159597 341355 27653089 7850346 612266 LOAN PROCESSING EXPENSE 9201879 COMPUTER MAINTENANCE 2545823 EQUIPMENT EXPENSE 2245981 OTHER OPERATING LOSSES 1019259 2084972 141353465 615948250 316469140 3297650024 4077214695 2685399 3806128 115573925 62091644 50348382 53482281 2166083008 1906704776 215826495 374039785 6348541558 6731716805 38092444 41020351 50000000 25000000 5450203329 5759976336 5538295773 5825996687 X 0 0 0 0 810245785 905720118 810245785 905720118 6348541558 6731716805 95475804 -1471 0 X 0 1 X 1 0 6000 6000 6000 0 SAN DIEGO CREDIT UNION PAC 5890 PACIFIC CENTER BLVD SAN DIEGO CA 92121 743032876 6000 6000 PART I-A, LINE 1: SAN DIEGO COUNTY CREDIT UNION MADE A CONTRIBUTION TO THE SAN DIEGO CREDIT UNION POLITICAL ACTION COMMITEE WHICH IS INVOLVED IN PROMOTING LEGISLATIVE AND REGULATORY MATTERS OF IMPORTANCE TO THE CREDIT UNION INDUSTRY. 13208100 13208100 37302008 17703529 19598479 11360806 5263038 6097768 52467801 39125077 13342724 1235210 1235210 53482281 GOVERNMENT INVESTMENTS 182038 F GOVERNMENT INVESTMENTS 1558347738 C FHLB OF SAN FRANCISCO 48175000 F REPO AGREEMENTS INVESTMENT 300000000 F 1906704776 NCUSIF DEPOSIT 50431378 OTHER ASSETS 283236627 INTEREST RECEIVABLE 12840121 SE LIFE INSURANCE PLAN 27531659 374039785 MEMBERS' SHARES 5459976336 CALIFORNIA TREASURY DEPOSITS 300000000 5759976336 X 236829269 0 236829269 0 236829269 141353465 0 141353465 0 141353465 PART X, LINE 2: FASB CODIFICATION 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 TO BE 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 THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X 1 1 X X X X 0 1 0 TERESA HALLECK CEO & PRESIDENT 722920 0 341250 0 6705 0 420725 0 9563 0 1501163 0 0 0 ROD CALVAO DIRECTOR & FORMER CEO 0 0 0 0 425000 0 -180126 0 0 0 244874 0 0 0 CHITRAPHOL T VONGSAWAD COO 332418 0 60250 0 0 0 131115 0 19783 0 543566 0 0 0 ASHLEE N MICALE EVP & CFO 302246 0 45250 0 0 0 26714 0 6356 0 380566 0 0 0 HEATHER E MOSHIER EVP - IT 297433 0 55250 0 0 0 281719 0 6217 0 640619 0 0 0 DALE TURNER EVP - REAL ESTATE 285233 0 50250 0 0 0 27106 0 4669 0 367258 0 0 0 NATHAN S SCHMIDT EVP - MARKETING & BUSINESS 232539 0 45250 0 0 0 20582 0 12412 0 310783 0 0 0 MICHELLE PAGNI EVP - HUMAN RESOURCES 228000 0 45250 0 0 0 43675 0 800 0 317725 0 0 0 PATRICK COSGROVE EVP - CONSUMER LENDING 220652 0 50250 0 0 0 27424 0 12726 0 311052 0 0 0 EDWARD MARR SVP, INVESTMENT OFFICER 170348 0 35250 0 0 0 9599 0 10211 0 225408 0 0 0 JOHN SEDBERRY FINANCIAL ADVISOR 37440 0 181128 0 0 0 3661 0 6336 0 228565 0 0 0 MARC A MATHEWS VP - BUSINESS LOAN ORIGINATIONS 150000 0 20250 0 0 0 37903 0 7000 0 215153 0 0 0 LEONARD GZESH SVP, INVEST & WEALTH SERVICES 187097 0 15250 0 0 0 1897 0 4846 0 209090 0 0 0 CAROLYN KISSICK SVP, OPS & CARD SERVIES 179027 0 20250 0 0 0 5825 0 5919 0 211021 0 0 0 PART I, LINE 1A THE FOLLOWING DIRECTORS WERE PROVIDED BENEFITS AND REIMBURSEMENTS RELATING TO TRAVEL FOR COMPANIONS: ILAN AWERBUCH - $2,331 STEVE REUEL - $4,003 THE FOLLOWING EMPLOYEES WERE PROVIDED BENEFITS AND REIMBURSEMENTS RELATING TO A CAR ALLOWANCE: CHITRAPHOL T. VONGSAWAD - $7,200 HEATHER E. MOSHIER - $5,400 NATHAN S. SCHMIDT - $5,400 PART I, LINE 4B SCHEDULE J, PART I, LINE 4B: SDCCU PROVIDES CERTAIN OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHLY COMPENSATED EXECUTIVES WITH A SPLIT-DOLLAR SUPPLEMEMTAL EXECUTIVE RETIREMENT PLAN (SERP) TO AUGMENT RETIREMENT INCOME FOR THESE EMPLOYEES. AMOUNTS CREDITED TO PARTICIPANTS ARE EARNED ON AN ANNUAL BASIS AND BASED ON CERTAIN ACTUARIAL FACTORS. THE AMOUNTS ARE ALSO SUBJECT TO FORFEITURE IF CERTAIN EMPLOYMENT CONDITIONS AND VESTING PERIODS ARE NOT MET. FOR THE YEAR ENDING DECEMBER 31, 2014, THE INDIVIDUALS LISTED IN SCHEDULE J, PART II HAD AN AMOUNT RELATING TO THE SERP BENEFITS LISTED AS DEFERRED COMPENSATION LISTED IN COLUMN C: TERESA HALLECK - $410,325 CHITRAPHOL T. VONGSAWAD - $120,715 HEATHER E. MOSHIER - $271,319 ASHLEE N. MICALE - $16,314 DALE C. TURNER - $16,706 NATHAN S. SCHMIDT - $12,373 MICHELLE PAGNI - $33,903 PATRICK M. COSGROVE - $17,995 MARC A. MATHEWS - $29,548 ROD CALVAO - $(505,126) THE FOLLOWING INDIVIDUALS RECEIVED THE FOLLOWING SERP PAYMENTS REPORTABLE AS COMPENSATION: ROD CALVAO - $425,000 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A NOT-FOR-PROFIT ORGANIZATION MADE UP OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS MAY ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE. MEMBERS MAY NOMINATE CANDIDATES FOR THE BOARD THROUGH A PETITION PROCESS SET FORTH IN THE BYLAWS. A NOMINATION COMMITTEE ALSO NOMINATES CANDIDATES. IF MEMBERS FAIL TO NOMINATE A CANDIDATE FOR AN OPEN BOARD POSITION, THEN THE NOMINATION COMMITTEE'S CANDIDATE MAY BE APPOINTED TO THE BOARD WITHOUT AN ELECTION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MADE BY THE CREDIT UNION'S BOARD OF DIRECTORS ARE SUBJECT TO REGULATORY OR MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER ("CEO") AND CHIEF FINANCIAL OFFICER ("CFO"), WHO CONSULT WITH EXTERNAL CPA FIRMS AND LEGAL COUNSEL AS NEEDED TO ENSURE THE ACCURACY AND SUFFICIENCY OF ALL RESPONSES. FORM 990, PART VI, SECTION B, LINE 12C THERE ARE REGULAR COMPLIANCE REVIEWS BY THE CREDIT UNION'S COMPLIANCE OFFICER AND A THIRD (3RD) PARTY VENDOR WHICH ADDRESSES COMPLIANCE WITH ALL CREDIT UNION POLICIES. IN ADDITION, REGULATORS AND CPA'S MONITOR COMPLIANCE DURING THEIR PERIODIC AND ANNUAL AUDITS. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCES PARTICIPATES IN SURVEYS AND PROVIDES COMPARABILITY DATA ON COMPENSATION FOR KEY OFFICERS TO THE CEO. OUTSIDE PROFESSIONALS ALSO VALIDATE THE COMPENSATION DATA ON A PERIODIC BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY COMPLYING WITH THE PUBLIC DISCLOSURE REQUIREMENTS SET FORTH IN THE REGULATIONS FOR IRC SECTION 6104 AT 26 C.F.R. SECTION 301.604 FRESH START REAL ESTATE LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452981200 REAL ESTATE CA 193713 383631 SAN DIEGO COUNTY CREDIT UNION SD FINANCIAL GROUP LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452980994 E-COMMERCE CA 4173488 0 SAN DIEGO COUNTY CREDIT UNION