2015-11-10T18:52:19-06:00 2014-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2014-01-01 950945085 POSTCITY FINANCIAL CREDIT UNION POST 5624986057 2371 GRAND AVE LONG BEACH CA 90815 CHRISTINE HALEY PRESIDENT/CEO 5624986057 2015-11-10 1 VALENTINO CREUS CPA P01054153 8189549700 2014 2016-04-25 22:37:26Z CHRISTINE HALEY 2371 GRAND AVE LONG BEACH CA 90815 2609326 0 X WWW.POSTCITYCU.ORG X CREDIT UNION 1933 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 8 8 19 11 13912 11110 0 0 1562950 2098949 476214 493239 600872 17138 2640036 2609326 2610 2000 0 0 1263416 1263214 0 0 0 1360157 1473797 2626183 2739011 13853 -129685 71099754 75558359 62056533 66456173 9043221 9102186 X POSTCITY FINANCIAL 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, POSTCITY FINANCIAL 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 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LINES, VISA 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 1 0 0 0 0 0 0 1 0 1 1 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 1623 0 1 19 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 CA X X CHRISTINE HALEY PRESIDENTCEO 5624986057 2371 GRAND AVE LONG BEACH CA 90815 JERRY HARDISON CHAIRPERSON 1.00 X 0 0 0 ALFRED SOUDER VICE-CHAIRPERSON 1.00 X 0 0 0 MICHAEL KARLSON TREASURER 1.00 X 0 0 0 ROBERT BOONE SECRETARY 1.00 X 0 0 0 JIM DE SIMAS BOARD MEMBER 1.00 X 0 0 0 PATRICK TILLET BOARD MEMBER 1.00 X 0 0 0 CHRISTINE CHAVIRA BOARD MEMBER 1.00 X 0 0 0 RICHARD MAKAREWICZ BOARD MEMBER 1.00 X 0 0 0 MARY HARMON SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 SHARON BERGERON SUPV CMTE MEMBER 1.00 X 0 0 0 AMARILIS ADADON-ODAI SUPV CMTE MEMBER 1.00 X 0 0 0 CHRISTINE HALEY PRESIDENT/CEO 50.00 X 155193 0 6600 KEN PETERSON VICE PRESIDENT 50.00 X 109348 0 15107 264541 0 21707 2 0 1 0 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 EFT NETWORK PROCESSOR 233428 FISERV 75 REMITTANCE DRIVE SUITE 6958 CHICAGO IL 606756958 IT SERVICE PROVIDER 191517 2 INCOME FROM LOANS 522100 1425646 1425646 FEE INCOME 522100 548684 534772 13912 OTHER OPERATING INCOME 522100 124619 124619 2098949 493239 493239 PROVISION FOR LOAN LOS 522100 17138 17138 17138 2609326 2595414 13912 0 X 2000 264541 532557 394440 71676 43675 22775 309367 193587 490237 16797 22174 29183 113921 49868 LOAN SERVICING EXPENSE 106303 MISC OPERATING EXPENSES 62031 OPERATING FEES 9723 OTHER LOSSES 4156 2739011 669085 691333 36937791 1718475 30894 139899 831413 710456 137583 120957 30008078 68576612 3316323 4311083 71099754 75558359 1472129 1720020 60584404 64736153 62056533 66456173 X 0 0 0 0 9043221 9102186 9043221 9102186 71099754 75558359 X -129685 -18844 207494 X X 0 1 X 1 0 250 250 250 1 CCUL - PAC 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 91761 942329967 250 313470 293097 20373 517943 417359 100584 120957 INVESTMENTS IN CUSOS 45000 C ASI DEPOSIT RESERVE 787493 C LOANS 25427614 F DEPOSITS IN BANK/S&LS/SAVINGS BANKS/OTHER CUS 37893000 C CORPORATE CU DEPOSITS 1500000 C INVESTMENTS - AVAILABLE FOR SALE 1295505 C INVESTMENTS - HELD TO MATURITY 1628000 C 68576612 ACCRUED INCOME - INVESTMENTS 143823 OTHER ASSETS 4049150 ACCRUED INCOME - LOANS 78110 OTHER REAL ESTATE OWNED 40000 4311083 TAXES PAYABLE 4544 MEMBER SHARES 64731609 64736153 X PART X, LINE 2: FASB ASC 740-10-65, 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 DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED JUNE 30, 2015, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS GENERALLY NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES FOR TAX YEARS BEFORE 2012 AND BY STATE TAX AUTHORITIES BEFORE 2011. FOR THE YEAR ENDED JUNE 30, 2015, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. X 1 1 X X 0 0 0 CHRISTINE HALEY PRESIDENT/CEO 149928 0 0 0 5265 0 6415 0 185 0 161793 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 POSTCITY FINANCIAL 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. POSTCITY FINANCIAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF POSTCITY FINANCIAL 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 DISSOLUTIONS. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD AND MANAGEMENT REVIEW THE FORM 990 DURING THE BOARD MEETING AND PROVIDE COMMENTS AND MODIFICATIONS WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN A CONFLICT OF INTEREST POLICY AFTER THEY ARE ELECTED AND ANNUALLY THEREAFTER. FORM 990, PART VI, SECTION B, LINE 15A AN HR COMMITTEE IS FORMED FROM THE BOARD OF DIRECTORS TO PREPARE THE CEO'S REVIEW. INDUSTRY REPORTS INDICATING TOTAL COMPENSATION ARE REVIEWED. THE COMMITTEE BRINGS THE INFORMATION TO THE FULL BOARD FOR REVIEW, INPUT AND FINAL APPROVAL. THE CEO PREPARES THE REVIEW FOR ALL DIRECT REPORTS, AND USES INDUSTRY REPORTS INDICATING SALARY RANGES SPECIFIC TO EACH POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION POSTS A SIGN IN THE LOBBY TO INQUIRE WITHIN TO REVIEW THE CREDIT UNION'S FINANCIALS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 309,367. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN NH MERGER 207,494. 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 POSTCITY FINANCIAL CREDIT UNION (95-0945085).