2014-05-15T10:02:50-05:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2013-01-01 951652773 FIRST IMPERIAL CREDIT UNION FIRS 7603521540 1602 W MAIN STREET EL CENTRO CA 92243 FIDEL GONZALEZ CEO 7603521540 2014-05-13 1 WENDY CAMPOS P00448102 5032421447 2013 2015-11-30 17:44:51Z FIDEL GONZALEZ 1602 W MAIN STREET EL CENTRO CA 92243 5640540 0 X WWW.FICU.COM X 1942 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 57 12 88433 18292 0 0 5376959 5499822 102863 67391 50906 37738 5530728 5604951 0 0 0 0 1719611 1828111 0 0 0 3305122 3455465 5024733 5283576 505995 321375 67868295 73416371 61161889 66426575 6706406 6989796 X SEE SCHEDULE OA COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR MEMBERS 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, FIRST IMPERIAL CREDIT UNION CONDUCTS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO MEMBERS INCLUDING ACCESS TO SHARE ACCOUNTS, CERTIFICATES OF DEPOSIT AND RETIREMENT SAVINGS ACCOUNTS, WITH ACTIVE PROMOTION OF ATM/DEBIT CARDS, ELECTRONIC BILL PAY AND HOME BANKING. MEMBERS ALSO HAVE ACCESS TO CONSUMER LOANS, INCLUDING VEHICLE LOANS, PERSONAL LINES OF CREDIT AND CREDIT CARDS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 920 0 1 57 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 0 1 1 1 0 CA X ROGELIO A GAMEZ 7603551007 418 BARIONI BLVD IMPERIAL CA 92251 CHRISTOPHER H PETREE BOARD CHAIRMAN 5.00 X X 0 0 0 LETICIA RODRIGUEZ BOARD MEMBER/CHAIRMAN 5.00 X X 0 0 0 HENRY K OLSTOWSKI BOARD VICE CHAIRMAN 5.00 X X 0 0 0 DAWN CHUN BOARD VICE CHAIRMAN 5.00 X X 0 0 0 MICHAEL CAMPBELL BOARD TREASURER 5.00 X X 0 0 0 DON CAMPBELL BOARD SECRETARY 5.00 X X 0 0 0 VICTOR JAIME BOARD MEMBER 5.00 X 0 0 0 JOSH MERCADO BOARD MEMBER 5.00 X 0 0 0 GILBERT OTERO BOARD MEMBER 5.00 X 0 0 0 FIDEL GONZALEZ PRESIDENT/CEO 40.00 X 143287 0 5051 CUAUHTEMOC DE LA TORRE EVP/CFO 40.00 X 109417 0 7178 252704 0 12229 2 0 0 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 IT & MAINTENANCE 227127 1 LOAN INCOME 522100 3930871 3930871 FEES AND CHARGES 522100 1352951 1264518 88433 INTERCHANGE INCOME 522100 216000 216000 5499822 102980 102980 35589 -35589 -35589 -35589 NON-OPERATING INCOME 522100 37738 37738 37738 5604951 5449127 88433 67391 264933 1109268 184161 139072 130677 58925 46384 103731 192012 587023 201777 337600 170608 125606 UBI TAXES 953 PROVISION FOR LOAN LOSS 1082954 OPERATING EXPENSE 283102 LOAN SERVICING EXPENSE 158814 105976 5283576 9888236 8798340 7191000 7124000 46789349 49799774 3224151 1950705 1352663 1273446 2647047 6420811 67868295 73416371 1052002 832122 60109887 65594453 61161889 66426575 X 0 0 0 0 6706406 6989796 6706406 6989796 67868295 73416371 X 321375 -101950 63965 X 0 1 X 1 0 564191 564191 1119125 798983 320142 275149 126952 148197 1000803 801624 199179 264883 223146 41737 1273446 ACCRUED INTEREST 188332 NCUSIF DEPOSIT 599788 OTHER ASSETS 4117206 PAYROLL SERVICE REIMBURSEMENT RECEIVABLE 1515485 6420811 MEMBER DEPOSITS 65594453 65594453 X 5640540 0 5640540 -35589 -35589 5604951 5319165 0 5319165 -35589 -35589 5283576 PART X, LINE 2: THE CREDIT UNION IS STATE CHARTERED AND FEDERALLY TAX-EXEMPT UNDER THE INTERNAL REVENUE CODE 501(C)(14), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. A TAX-EXEMPT ORGANIZATION AND UNRELATED BUSINESS INCOME TAX RETURN IS FILED ANNUALLY WITH THE INTERNAL REVENUE SERVICE AND IN CALIFORNIA. THE CREDIT UNION HAS HAD NO UNRECOGNIZED TAX BENEFITS WHICH WOULD REQUIRE RECOGNITION AS OF DECEMBER 31, 2013 OR 2012. IN ADDITION, THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2013 AND 2012, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES FOR INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE/LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL REPORTED IN NET REVENUE FOR RETURN -35,589. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL REPORTED IN NET REVENUE FOR RETURN -35,589. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF FIRST IMPERIAL CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY MEMBERS OF THE CREDIT UNION. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS DESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED ON 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 DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 WAS SENT TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD, STAFF AND MANAGEMENT OF THE ORGANIZATION REVIEW THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGE COMPLIANCE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO, OFFICERS, AND KEY EMPLOYEES IS RECOMMENDED BY AN OUTSIDE CONSULTANT. CEO COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS FOR THE CREDIT UNION ARE AVAILABLE ON A MONTHLY BASIS AND POSTED WITHIN THE BRANCH. FINANCIAL STATEMENTS ARE ALSO POSTED TO A SECURE WEBSITE AVAILABLE TO THE GOVERNING BOARD MEMBERS. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 63,965.