2014-05-12T08:06:02-05:00 2013-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2013-01-01 941530642 SACRAMENTO CREDIT UNION SACR 9164446070 PO BOX 2351 SACRAMENTO CA 958122351 JAMES BATSON CFO 9164446070 2014-05-08 1 GERALD B KISSELL P00092658 6123324300 2013 2015-11-30 17:44:51Z JERROLD A KINLOCK PO BOX 2351 SACRAMENTO CA 958122351 14934147 0 1526 X WWW.SACTOCU.ORG X 1935 CA SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. 7 7 92 7 92124 -27100 0 0 13112419 12448574 1973944 2007605 244054 244024 15330417 14700203 0 0 956424 736128 5599618 5711720 0 0 0 4490161 4582719 11046203 11030567 4284214 3669636 351148912 370496276 308168134 323845862 42980778 46650414 X SACRAMENTO CREDIT UNION'S MISSION IS TO PROVIDE PROMPT, COMPETITIVE, QUALITY CONSUMER FINANCIAL SERVICES TO OUR MEMBERS IN A FRIENDLY, PROFESSIONAL, AND PRUDENT MANNER. 0 0 ESTABLISHED MARCH 18, 1935, SACRAMENTO CREDIT UNION (SCU) IS INCORPORATED UNDER SECTION 14100 OF THE CREDIT UNION DIVISION OF THE STATE OF CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT. ORIGINALLY CHARTERED TO PROVIDE FINANCIAL PRODUCTS AND SERVICES TO EMPLOYEES OF SOUTHERN PACIFIC RAILROAD AND SACRAMENTO COUNTY, SCU HAS SINCE BECOME A COMMUNITY CREDIT UNION SERVING 24,153 MEMBERS ACROSS THE FOLLOWING COUNTIES: EL DORADO, PLACER, SOLANO, SUTTER, YOLO, AND YUBA. COMPOSED OF INDIVIDUALS, CORPORATIONS, PARTNERSHIPS, AND OTHER LEGAL ENTITIES, SCU MAINTAINS THE STANDARDS OF A TRADITIONAL MEMBER-OWNED COOPERATIVE WHILE PROVIDING SUPERIOR FINANCIAL SERVICES AT SIX LOCATIONS AS WELL AS CONVENIENT PAYMENT OPPORTUNITIES AFFORDED BY ONLINE BANKING, BILL PAY, MOBILE BANKING, POINT-OF-SALE, AND ATM TRANSACTIONS WITH SURCHARGE-FREE ACCESS AT 28,000 ATMS, INCLUDING 9,000 DEPOSIT-TAKING AND 5,500 7-ELEVEN LOCATIONS THROUGHOUT THE US AND CANADA. SCU OFFERS A WIDE RANGE OF COMPETIVELY PRICED CONSUMER LOAN PRODUCTS TO HELP MEMBERS WITH FINANCING FOR VEHICLES AND FIRST MORTGAGES. FINANCING IS ALSO AVAILABLE IN THE FORM OF SECURED AND UNSECURED LINES OF CREDIT. REGARDING THE LATTER, SCU OFFERS VISA PLATINUM CREDIT CARDS BOTH WITH AND WITHOUT THE POPULAR REWARDS FEATURE. SCU ALSO OFFERS COMMERCIAL SERVICES INCLUDING CASH MANAGEMENT, COMMERCIAL CONSTRUCTION LOANS, COMMERCIAL REAL ESTATE LOANS, AND SBA LOANS. SCU OFFERS A BROAD RANGE OF DEPOSIT PRODUCTS TO ASSIST MEMBERS IN MANAGING CASH FLOW AND SAVING FOR THE FUTURE. INSURED TO AT LEAST $250,000 AND BACKED BY THE FULL FAITH AND CREDIT OF THE FEDERAL GOVERNMENT, SAVINGS OPPORTUNITIES INCLUDE THE FOLLOWING COMPETIVELY PRICED ACCOUNTS: REGULAR, VACATION CLUB, HOLIDAY, IRA, MONEY MARKET, REGULAR AND REWARDS CHECKING, AND CERTIFICATES OF DEPOSIT. SAVINGS IS MADE CONVENIENT VIA DIRECT DEPOSIT OF PAY CHECKS AS WELL AS ANY OTHER RECURRING SOURCE OF CASH INFLOW. THROUGH ONLINE, MOBILE OR TELEPHONE BANKING, MEMBERS CAN EASILY TRANSFER FUNDS BETWEEN SAVINGS ACCOUNTS OR MAKE PAYMENT ON LOANS. ALSO AVAILABLE ARE PREMIUM QUALITY INVESTMENT SERVICES PROVIDED BY CERTIFIED IN-HOUSE FINANCIAL CONSULTING. 0 0 1 0 0 0 0 0 0 1 1 0 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 6368 0 1 92 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 JIM BATSON 9164446070 PO BOX 2351 SACRAMENTO CA 958122351 MARK NORRIS CHAIR 1.00 X X 0 0 0 LES BROWN VICE CHAIR 1.00 X X 0 0 0 JAN REEVES SECRETARY-TREASURER 1.00 X X 0 0 0 LINDA FOSTER-HALL DIRECTOR 1.00 X 0 0 0 JUDY MCGARRY DIRECTOR 1.00 X 0 0 0 WILLIE L SOUTHWARD III DIRECTOR 1.00 X 0 0 0 TERRY TICE DIRECTOR 1.00 X 0 0 0 JERROLD A KINLOCK PRESIDENT/CEO 40.00 X 250935 0 136066 JAMES D BATSON CFO 40.00 X 112865 0 16209 BRYDEN CAIRNEY VP LENDING 40.00 X 119163 0 13087 TARIK ELDIN INVESTMENT SERVICES DIRECT 40.00 X 333893 0 58041 BHAVNESH MAKIN VP IT 40.00 X 134587 0 12516 THOMAS PENO BUSINESS DEVELOPMENT OFFICER 40.00 X 126712 0 32898 DERI ROSS RESIDENTIAL LOAN CONSULTAN 40.00 X 178416 0 25220 1256571 0 294037 7 0 1 0 JACK HENRY & ASSOCIATES INC 1100 OLIVE WAY SUITE 320 SEATTLE WA 981011861 CARD PROCESSOR 292039 HARLAND FINANCIAL SOLUTION PO BOX 535120 ATLANTA GA 303535120 DATA PROCESSING 236805 MASTER CRAFT BUILDERS 5555 AGUILAR ROAD ROCKLIN CA 95677 CONSTRUCTION CONTRACTOR 234348 PSCU FINANCIAL SERVICES INC 560 CARILLON PARKWAY ST PETERSBURG FL 33716 ONLINE BILLPAY PROVIDER 126554 INFO IMAGE 141 JEFFERSON DRIVE MENLO PARK CA 94025 STATEMENT VENDOR 115806 5 NET LOAN PORTFOLIO 522100 6091747 6091747 OTHER INCOME 522100 4469670 4377546 92124 FEE INCOME 522100 1887157 1887157 12448574 2000535 2000535 243970 129550 114420 114420 114420 111464 104394 7070 7070 7070 457F PLAN INCOME 522100 129604 129604 129604 14700203 12486054 92124 2122025 736128 516076 3944272 251218 661340 338814 166132 89544 225919 586853 693371 73815 37 391222 68677 VISA OPERATIONS 684612 LENDING AND COLLECTIONS 485946 ATM OPERATIONS 412417 TCCUSF ASSESSMENT 248919 455255 11030567 2061356 2644388 60386 42732 129049090 140799726 333563 438989 11086977 7636996 3390051 3449981 207201799 213719034 9052667 9401426 351148912 370496276 3474317 3856900 304693817 319988962 308168134 323845862 X 0 0 0 0 42980778 46650414 42980778 46650414 351148912 370496276 3669636 0 X 0 1 X 1 0 16800 16800 16800 1 CCUL PAC K ST SUITE 1050 SACRAMENTO CA 95814 942329967 7500 FRIENDS OF SCOTT JONES FOR SHERIFF 1127 11TH STREET SUITE 310 SACRAMENTO CA 95814 7500 SCHUBERT FOR DISTRICT ATTORNEY 2014 3053 FREEPORT BLVD 238 SACRAMENTO CA 95818 800 ROBERT DICKINSON FOR SENATE 2014 1127 11TH STREET SUITE 606 SACRAMENTO CA 95814 1000 PART I-A, LINE 1: SACRAMENTO CREDIT UNION PARTICIPATES IN POLITICAL CAMPAIGN ACTIVITIES SO WE HAVE AN OPPORTUNITY TO PROVIDE INPUT ON LEGISLATION THAT AFFECTS CREDIT UNIONS. 233500 233500 5443757 3331028 2112729 1178598 460625 717973 3645797 3318692 327105 585325 526651 58674 3449981 SURPLUS LIQUIDITY 213719034 C 213719034 CORE DEPOSITS 100092439 MONEY MARKET 82268630 SHAREDRAFT WITH DIVIDENDS 64282902 SHAREDRAFT WITHOUT DIVIDENDS 22697921 IRA SHARES: ROTH & EDUCATION 795413 IRA SHARES: TRADITIONAL 4433939 IRA CERTIFICATES 9029273 SHARE CERTIFICATES 36388445 319988962 X X X 0 1 0 JERROLD A KINLOCK PRESIDENT/CEO 230706 0 0 0 20229 0 112128 0 23938 0 387001 0 0 0 TARIK ELDIN INVESTMENT SERVICES DIRECT 21384 0 3764 0 308745 0 26574 0 31467 0 391934 0 0 0 THOMAS PENO BUSINESS DEVELOPMENT OFFICER 53108 0 0 0 73604 0 11681 0 21217 0 159610 0 0 0 DERI ROSS RESIDENTIAL LOAN CONSULTAN 0 0 0 0 178416 0 17590 0 7630 0 203636 0 0 0 PART I, LINE 4B JERROD A. KINLOCK, PRESIDENT/CEO PARTICIPATED IN A 457(F), NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISBURSEMENTS IN 2013. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. 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 FORM 990 WILL BE REVIEWED BY THE CFO AND ACCOUNTING MANAGER AND THEN FORWARDED TO MEMBERS OF THE BOARD OF DIRECTORS ASKING THEIR EXPRESS APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C MANAGERS ARE RESPONSIBLE AND HELD ACCOUNTABLE FOR SUPERVISING THE DAILY TRANSACTIONS AND ACTIVITIES PERFORMED WITHIN THEIR RESPECTIVE DEPARTMENTS INCLUDING, BUT NOT LIMITED TO, MONITORING ALL GIFTS AND GRATUITIES RECEIVED BY STAFF FROM VENDORS OR MEMBERS AND MONITORING FOR OUTSIDE EMPLOYMENT BY STAFF THAT COULD POSE A POTENTIAL CONFLICT OF INTEREST. MANAGERS ARE RESPONSIBLE FOR DOCUMENTING ALL SITUATIONS THAT MAY PRESENT A CONFLICT OF INTEREST AND FOR BRINGING TO A VICE PRESIDENT'S ATTENTION ANY AND ALL VIOLATIONS OF POLICY. VICE PRESIDENTS ARE RESPONSIBLE FOR SUPERVISING ALL TRANSACTIONS AND ACTIVITIES PERFORMED BY MANAGERS. COMPLIANCE WITH POLICY IS ENFORCED THROUGH THE USE OF THE DISCIPLINARY PROCESS FOR FAILURE TO DISCLOSE INFORMATION RELATIVE TO A POTENTIAL CONFLICT OF INTEREST AND FOR ANY AND ALL VIOLATIONS OF POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION EXECUTIVE SOCIETY AND WESTERN MANAGEMENT COMPENSATION SURVEYS ARE UTILIZED AS COMPARABLE DATA FOR ESTABLISHING SALARY RANGES. WHEN SETTING OFFICER AND KEY EMPLOYEE COMPENSATION, FACTORS TAKEN INTO CONSIDERATION ARE COMPA RATIO, SUBJECT EXPERTISE, INDUSTRY EXPERIENCE, JOB TENURE AND JOB PERFORMANCE. THE CEO RECOMMENDS VICE PRESIDENTS' SALARY RANGES AND SALARIES TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS CONSULTS WITH A THIRD PARTY TO ESTABLISH THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS ARE PROVIDED TO MEMBERS UPON MEMBER REQUEST. CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN BRANCH LOBBIES.