2014-11-17T15:21:02-06:00 2013-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2013-01-01 941484851 CREDIT UNIONS IN THE STATE OF CALIFORNIA SIERRA CENTRAL CREDIT UNION CRED 8002227228 820 PLAZA WAY YUBA CITY CA 95991 JOHN CASSIDY CEO 8002227228 2014-11-14 1 GERALD B KISSELL P00092658 6123324300 2013 2015-11-30 17:44:51Z SIERRA CENTRAL CREDIT UNION JOHN CASSIDY 820 PLAZA WAY YUBA CITY CA 95991 37330915 0 1 X WWW.SIERRACENTRAL.COM X 1955 CA AS YOUR FINANCIAL INSTITUTION: WE PLEDGE TO SERVE YOU AND OUR COMMUNITY FAITHFULLY; WE WILL BE FRIENDLY, HELPFUL AND PROFESSIONAL. WE WILL PROVIDE GREAT PRODUCTS AND COMPETITIVE RATES. 7 7 225 10 112871 -93648 0 0 28719239 26917448 1625308 919573 0 0 30344547 27837021 10000 10000 3663394 2121139 9950705 10463939 0 0 0 8940679 9690289 22564778 22285367 7779769 5551654 654647686 671363952 588390622 599555234 66257064 71808718 AS YOUR FINANCIAL INSTITUTION: WE PLEDGE TO SERVE YOU AND OUR COMMUNITY FAITHFULLY; WE WILL BE FRIENDLY, HELPFUL AND PROFESSIONAL. WE WILL PROVIDE GREAT PRODUCTS AND COMPETITIVE RATES. 0 0 SIERRA CENTRAL CREDIT UNION PROVIDES FINANCIAL SERVICES, INCLUDING ACCESS TO OVER 30,000 ATMS AND ONLINE BANKING AND DEBIT CARDS TO MEMBER OWNERS. DURING 2013 THE CREDIT UNION PROVIDED SAVINGS AND LOAN ACCOUNTS TO 57,680 MEMBERS AND FUNDED $166M IN REAL ESTATE, AUTO LOANS, CREDIT CARDS AND UNSECURED LOANS TO MEMBER OWNERS. THE CREDIT UNION ALSO PROVIDS SAVINGS, CHECKING, MONEY MARKET AND IRA SAVINGS ACCOUNTS ALONG WITH REGULAR AND IRA CDS TO MEMBERS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13124 0 1 225 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 0 0 1 1 1 0 0 CA X STEPHANIE DICKINSON 6512876406 820 PLAZA WAY YUBA CITY CA 95991 TIB BELZA CHAIR 2.00 X X 0 0 0 RON BARTOLI VICE CHAIR 2.00 X X 0 0 0 DIANE MEYERS SECRETARY/TREASURER 2.00 X X 0 0 0 JAMES KENNEDY DIRECTOR 2.00 X 0 0 0 DAN MIERZWA DIRECTOR 2.00 X 0 0 0 BALDEV JOHAL DIRECTOR 2.00 X 0 0 0 DAVID MACHOWIAK DIRECTOR 2.00 X 0 0 0 JOHN CASSIDY CEO 40.00 X 485974 0 56179 RON SWEENEY COO/EVP 40.00 X 379064 0 69374 STEPHANIE DICKINSON CFO/SVP FINANCE 40.00 X 189834 0 44273 STEVE HENDERSON SVP ISIT & FACILITIES 40.00 X 202721 0 32837 DAVID KELSAY SVP LENDING 40.00 X 189436 0 23822 BOB CARMAN DEVELOPMENT MANAGER 40.00 X 117826 0 20655 DESIREE MANES SVP RETAIL BANKING 40.00 X 137704 0 29101 CORINNE DAVIS VP OF HR 40.00 X 112130 0 13698 1814689 0 289939 8 0 1 0 FISERV INC 75 REMITTANCE DR 6962 CHICAGO IL 60675 IT SERVICES 1309403 PG&E PO BOX 997340 SACRAMENTO CA 95899 UTILITY SERVICES 715033 DEWITT BROS 3243 INDUSTRIAL DR YUBA CITY CA 95993 CONSTRUCTION 599368 DIEBOLD INC PO BOX 643543 PITTSBURGH PA 15264 ATM SERVICES 476768 RENGEL & CO 333 EL CAMINO REAL TUSTIN CA 92780 ARCHITECT 392767 13 LOAN INTEREST INCOME 522130 19868627 19868627 SERVICE CHARGES & OTHER FEES 522130 6249618 6143540 106078 OTHER NONINTEREST INCOME 522130 787833 781040 6793 BENEFIT FOR LOAN LOSSES 522130 11370 11370 26917448 795094 795094 9618373 9493894 124479 124479 124479 27837021 26804577 112871 919573 10000 2121139 1673514 6531001 456059 1090000 713365 226410 110000 27373 248958 2593334 798076 1298467 196034 824 1297966 152362 PLASTIC CARD OPERATIONS 1150113 LOAN SERVICING 479378 NCUA PREMIUM EXPENSE 469404 COMMUNITY RELATIONS 92209 549381 22285367 9563261 8810340 248609858 228285701 368627467 404422196 504967 604109 35193475 16467411 15330627 18726064 1621600 1352100 10389906 9163442 654647686 671363952 7122563 6149970 255617 373377 581012442 593031887 588390622 599555234 X 0 0 0 0 66257064 71808718 66257064 71808718 654647686 671363952 5551654 0 X 0 1 X 1 0 17000 17000 17000 1 CA CREDIT UNION LEAGUE PAC 1201 K ST SACRAMENTO CA 95814 942329967 17000 PART I-A, LINE 1: SIERRA CENTRAL CREDIT UNION CONTRIBUTED FINANCIALLY TO THE CALIFORNIA CREDIT UNION LEAGUE'S POLITIAL ACTION COMMITTEE TO SUPPORT CREDIT UNION ISSUES. 1 299303 904457 883112 320648 1 X 8430732 8430732 12852846 5133690 7719156 1502965 1297808 205157 7592644 6130997 1461647 4814288 3904916 909372 18726064 MEMBER SHARES 593031887 593031887 X 27837021 0 27837021 0 27837021 22285367 0 22285367 0 22285367 PART IV, LINE 1B: THE CREDIT UNION HOLDS ESCROW ACCOUNTS FOR LOANS THAT ARE NOT OWNED BY THE CREDIT UNION, BUT ARE SERVICED BY THE CREDIT UNION. PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 0 SCHOLARSHIPS FOR STUDENTS ATTENDING COLLEGE 20 10000 PART I, LINE 2: FUNDS FOR COLLEGE SCHOLARSHIPS ARE SENT DIRECLTY TO THE RECIPIENTS AND THE CREDIT UNION DOES NOT MONITOR THE USE OF THE FUNDS. X X X 1 1 X X X 0 1 0 JOHN CASSIDY CEO 368067 0 62057 0 55850 0 31713 0 24466 0 542153 0 54608 0 RON SWEENEY COO/EVP 318534 0 0 0 60530 0 29908 0 39466 0 448438 0 49288 0 STEPHANIE DICKINSON CFO/SVP FINANCE 174538 0 15000 0 296 0 11927 0 32346 0 234107 0 0 0 STEVE HENDERSON SVP ISIT & FACILITIES 186940 0 15000 0 781 0 12671 0 20166 0 235558 0 0 0 DAVID KELSAY SVP LENDING 173057 0 15000 0 1379 0 11498 0 12324 0 213258 0 0 0 DESIREE MANES SVP RETAIL BANKING 126569 0 10000 0 1135 0 8278 0 20823 0 166805 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - TRAVEL FOR COMPANIONS IS ONLY PROVIDED FOR BOARD AND SUPERVISORY COMMITTEE MEMBERS. EXPENSES ARE TRACKED DURING THE YEAR AND FORM 1099 IS FILED IF THE $600 REPORTING THRESHOLD IS MET. GROSS-UP PAYMENTS - THE CEO AND COO RECEIVED GROSS-UP PAYMENTS TO PAY TAXES ON THE VESTED PORTION OF THEIR DEFERRED COMPENSATION. SOCIAL CLUB DUES - GOLF CLUB DUES ARE PROVIDED TO SVPS AND ABOVE TO COVER THE COST OF THEIR DUES AT THE LOCAL GOLF CLUB. THIS AMOUNT IS INCLUDED IN THEIR W-2. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISBURSEMENTS IN 2013. JOHN CASSIDY RON SWEENEY FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS MAY JOIN THE CREDIT UNION IF THEY QUALIFY FOR MEMBERSHIP UNDER THE FIELD OF MEMBERSHIP REQUIREMENTS, AS SET FORTH IN THE ORGANIZATION BYLAWS. THE CREDIT UNION'S MEMBERS OWN SHARE(S) IN THE ORGANIZATION IN THE FORM OF A DEPOSIT TO A SHARE ACCOUNT(S). THE CREDIT UNION'S MEMBER HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A 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 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 A COPY OF FORM 990 WILL BE PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT ARISE; HOWEVER THERE IS NO OFFICIAL MONITORING PROCESS IN PLACE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS CONTRACT WITH AN EXTERNAL CONSULTING COMPANY TO PROVIDE COMPARABLE COMPENSATION DATA FOR LIKE POSITIONS. AFTER DISCUSSION AMONGST BOARD MEMBERS CONDUCTED IN CLOSED SESSION FORMAT THE COMPENSATION PACKAGE, IN CONJUNCTION WITH THE EMPLOYEE CONTRACTS, WERE PRESENTED TO AND ACCEPTED BY THE CEO IN 2007. THE COO'S SALARY IS A PERCENTAGE OF THE CEO'S SALARY. THE PERCENTAGE IS DETERMINED BY THE BOARD AND IS UP TO THEIR DISCRETION. ALL OTHER OFFICERS AND KEY EMPLOYEE SALARIES WERE DETERMINED BY GATHERING COMPARABLE DATA FROM MULTIPLE SOURCES AND ANALYZING IT TO DETERMINE A SALARY. THIS INFORMAION WAS THEN PRESENTED TO JOHN CASSIDY, CEO AND RON SWEENEY, COO AND THEY BOTH APPROVED IT. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).