2014-11-12T15:36:22-06:00 2013-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2013-01-01 941031345 EDUCATIONAL EMPLOYEES CREDIT UNION EDUC 5594377731 2222 WEST SHAW AVENUE FRESNO CA 93711 ELIZABETH DOOLEY PRESIDENT/CEO 5594377731 2014-10-23 1 P01054153 8189549700 2013 2015-11-30 17:44:51Z ELIZABETH DOOLEY 2222 WEST SHAW AVENUE FRESNO CA 93711 156918153 0 X WWW.MYEECU.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 443 18 886420 -179246 0 0 69036427 68876355 24062254 24949485 0 0 93098681 93825840 494944 596532 0 0 23877064 27183607 0 0 0 39894276 36281285 64266284 64061424 28832397 29764416 2034650857 2100151953 1801318599 1879674991 233332258 220476962 X EDUCATIONAL EMPLOYEES 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, EDUCATIONAL EMPLOYEES 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 ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH CONSUMER LOANS FROM A BROAD ARRAY OF PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, CREDIT CARDS AND PERSONAL LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING A HIGH-YIELD CHECKING ACCOUNT PRODUCT AND A PREMIUM-RATE TIERED SAVINGS PRODUCT. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 51626 0 1 443 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X ELENA MARTIN 5594377733 2222 WEST SHAW AVENUE FRESNO CA 93711 FRANK V POWELL CHAIRPERSON 2.00 X 636 0 0 DEREK SCHARTON VICE-CHAIRPERSON 2.00 X 1658 0 0 RICK BROWNING TREASURER 2.00 X 1095 0 0 PAUL HOKOKIAN SECRETARY 2.00 X 1537 0 0 BARBARA THOMAS BOARD MEMBER 2.00 X 487 0 0 MIKE SNELL BOARD MEMBER 2.00 X 631 0 0 CAROL MUNSHOWER BOARD MEMBER 2.00 X 1132 0 0 DAVID A ROBERTS BOARD MEMBER 2.00 X 921 0 0 CLEO BAUER-PAPAGNI BOARD MEMBER 2.00 X 704 0 0 DEAN CLARK BOARD MEMBER (EMERITUS) 2.00 X 186 0 0 WALTER A FRANZELL SUPV CMTE CHAIR 2.00 X 1728 0 0 WILLIE CLARK SUPV CMTE SECRETARY 2.00 X 1546 0 0 TOM BORCHARDT SUPV CMTE MEMBER 2.00 X 541 0 0 STEPHEN CORL SUPV CMTE MEMBER 2.00 X 1016 0 0 LISA CUTTS SUPV CMTE MEMBER 2.00 X 138 0 0 ELIZABETH DOOLEY PRESIDENT/CEO 60.00 X 1334012 0 581136 BEVERLY RYAN CFO 50.00 X 233149 0 32210 DENDA MATTHEWS COO 50.00 X 241203 0 41494 MARK PEREZ CLO 50.00 X 229094 0 46768 BRADLEY TOWERS FINANCIAL REP 40.00 X 253573 0 23838 THOMAS GRAY SVP HR & FACILITIES 50.00 X 197292 0 52558 DICK ASHJIAN SVP RISK MGMT 50.00 X 187512 0 53608 JULIE MATTERN SVP BRANCHES 50.00 X 173348 0 37863 ELENA MARTIN CONTROLLER 50.00 X 169629 0 20249 3032768 0 889724 17 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 VISA PROCESSOR 3902865 DIGITAL INSIGHTINTUIT PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING SERVICES 2360731 VISA USA PO BOX 60000-FILE 2953 SAN FRANCISCO CA 94160 VISA/DEBIT CARD 1436461 JEFFREY SCOTT AGENCY 670 P STREET FRESNO CA 93721 ADVERTISING 1397216 CATALYST (FORMERLY THIELEN IDEACORP) 970 VAN NESS AVENUE FRESNO CA 93721 MARKETING 1365276 27 INTEREST ON LOANS 522100 44216698 44216698 OTHER OPERATING INCOME 522100 14573800 14054676 519124 FEE INCOME 522100 10085857 9718561 367296 68876355 24514203 24514203 61391572 2136023 60989439 2102874 402133 33149 435282 435282 93825840 92939420 886420 0 496532 100000 3032768 14925849 2589852 5105201 1529937 78177 310231 2349895 3499734 7818740 430904 2389831 383772 8203059 1795780 1446090 LOAN SERVICING EXPENSE 6373564 PROV. FOR LOAN LOSSES 845162 MISC OPERATING EXPENSE 356346 64061424 14481745 22535411 147096461 91774041 1331008 1184162 3955785 4566467 41800538 28839205 13233337 12961333 1040722063 1093990570 773371599 830516535 40458859 42623434 2034650857 2100151953 20349787 20029755 1780968812 1859645236 1801318599 1879674991 X 0 0 0 0 233332258 220476962 233332258 220476962 2034650857 2100151953 X 29764416 -46087638 3467926 X X 0 1 X 1 0 5000 5000 5000 1 CCUL PAC 1201 K STREET 1050 SACRAMENTO CA 95814 940357265 5000 PART I-A, LINE 1: CONTRIBUTION TO CCUL - PAC 4353736 4353736 8433290 3940277 4493013 10522732 8607606 1915126 18490780 16291322 2199458 12961333 ALL OTHER INVESTMENTS 1485180 F LOANS AND LEASES 803322889 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 18076127 F DEPOSITS IN COMMERCIAL BANKS 7632339 F 830516535 TOTAL SHARES AND DEPOSITS 1859645236 1859645236 X PART X, LINE 2: FASB ASC TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED, AND PRESENTED IN THE CONSOLIDATED 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 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, 2013 AND 2012, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 CSU FRESNO FOUNDATION 4910 N CHESTNUT FRESNO CA 93726 946003272 501(C)(3) 28000 FMV PROMOTE EDUCATION OF TEACHERS ACTIVE 20-30 CLUB OF MERCED #53 3144 NORTH G ST STE 125-327 MERCED CA 95340 320148898 501(C)(3) 5500 FMV SUPPORT ACTIVITIES FOR LOCAL YOUTH FRESNO HISTORICAL SOCIETY 7160 W KEARNEY AVE FRESNO CA 93706 941531568 501(C)(3) 16000 FMV PROMOTION OF HISTORY FOUNDATION FOR CLOVIS SCHOOLS 1450 HERNDON AVENUE CLOVIS CA 93611 770140576 501(C)(3) 10000 FMV SUPPORT PROGRAMS OF CLOVIS SCHOOLS SAN JOAQUIN VALLEY TOWN HALL PO BOX 5149 FRESNO CA 93755 941210921 501(C)(3) 10000 FMV SUPPORT SAN JOAQUIN VALLEY EDUCATION PROGRAMS AMERICAN CANCER SOCIETY - FRESNO 2222 W SHAW AVE FRESNO CA 937113204 941170350 501(C)(3) 14761 FMV TREATMENT AND PREVENTION OF CANCER VALLEY PUBLIC TELEVISION 1544 VAN NESS AVE FRESNO CA 93721 770162617 501(C)(3) 10000 FMV SUPPORT PUBLIC TELEVISION CLOVIS RODEO 748 RODEO DRIVE CLOVIS CA 93612 941135185 501(C)(3) 5000 FMV SUPPORT OF LOCAL SCHOOLS, CHARITIES, AND ORGANIZATIONS AMERICAN RED CROSS 2002 N FINE AVENUE FRESNO CA 93727 942240541 501(C)(3) 5500 FMV LOCAL ASSISTANCE WITH DISASTERS MERCED COLLEGE FOUNDATION 3600 M STREET MERCED CA 95348 770362218 501(C)(3) 5968 FMV SUPPORT FOR MERCED COLLEGE PROGRAMS FOUNDATION FOR CENTRAL SCHOOLS 4605 N POLK FRESNO CA 93722 562316616 501(C)(3) 5000 FMV SUPPORT CENTRAL UNIFIED SCHOOL PROGRAMS VALLEY CRIME STOPPERS 7576 N INGRAM FRESNO CA 93711 770329094 501(C)(3) 6920 FMV CRIME PREVENTION UC REGENTS 5200 LAKE ST MERCED CA 95343 270093858 501(C)(3) 9238 FMV PROMOTION OF UC MERCED CAMPUS PROGRAMS FCOE 1111 VAN NESS AVE FRESNO CA 93721 946002210 501(C)(3) 11000 FMV SUPPORT EDUCATION FRESNO PHILHARMONIC 2377 W SHAW AVE FRESNO CA 93711 941309738 501(C)(3) 5000 FMV SUPPORT COMMUNITY ACITIVITIES FRESNO REGIONAL FOUNDATION 5250 N PALM AVE 424 FRESNO CA 93704 770478025 501(C)(3) 26750 FMV SUPPORT FOR INVESTMENT AND LOCAL CONTROL OF PHILANTHROPIC RESOURCES TWO CITIES MARATHON 7 RIVER PARK PLACE FRESNO CA 93720 770501783 501(C)(3) 5000 FMV PROMOTE LONG DISTANCE RUNNING AND HEALTH AND WELLNESS EDUCATION FRESNO FAIR 1121 S CHANCE AVENUE FRESNO CA 93702 946001554 501(C)(3) 19000 FMV SUPPORT COMMUNITY ACITIVITIES MADERA COUNTY OFFICE OF EDUCATION 1105 SOUTH MADERA AVE MADERA CA 93637 946002320 501(C)(3) 11116 FMV SUPPORT MADERA COUNTY EDUCATION PROGRAMS MARCH OF DIMES 1530 E SHAW SUITE 102 FRESNO CA 93710 131846366 501(C)(3) 29946 FMV SUPPORT FOR HEALTH AND WELLNESS MERCED COUNTY OFFICE OF EDUCATION 632 W 13TH STREET MERCED CA 95341 946002379 501(C)(3) 18468 FMV SUPPORT MERCED COUNTY EDUCATION PROGRAMS SAM ACADEMY ON WHEELS 1231 S WAVERLY LANE FRESNO CA 93727 453484626 501(C)(3) 5000 FMV SUPPORT FOR SCIENCE AND ARTS SAINT AGNES FOUNDATION 1111 E SPRUCE AVE FRESNO CA 93720 941437713 501(C)(3) 10000 FMV SUPPORT FOR CHILDCARE AND WELLNESS UNITED WAY FRESNO COUNTY 4949 KINGS CANYON RD FRESNO CA 93727 941156514 501(C)(3) 13891 FMV SUPPORT FOR HEALTH AND WELLNESS VISALIA RAWHIDE 300 N GIDDINGS ST VISALIA CA 93291 954026458 501(C)(3) 10000 FMV SUPPORT FOR READING PROGRAM WHCC FOUNDATION 9900 CODY AVENUE COALINGA CA 93210 770186793 501(C)(3) 21880 FMV SUPPORT FOR EDUCATION BIG BROTHERS BIG SISTERS 905 N FULTON FRESNO CA 93728 941668376 501(C)(3) 10030 FMV MENTORING AND SUPPORT FOR YOUTH SUCCESS CASA OF FRESNO AND MADERA COUNTIES 1252 FULTON MALL FRESNO CA 93721 770401361 501(C)(3) 6000 FMV SUPPORT VOLUNTEERS TO ADVOCATE FOR ABUSED AND NEGLECTED CHILDREN CCUL SEQUOIA 2855 E GUASTI RD SUITE 600 ONTARIO CA 91761 940357265 501(C)(3) 5400 FMV HELP CREDIT UNIONS AND SUPPORT COMMUNITY ACTIVITIES CHILDREN'S HOSPITAL 4650 SUNSET BLVD LOS ANGELES CA 90027 942797447 501(C)(3) 10150 FMV SUPPORT FOR CHILDCARE AND WELLNESS CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 12500 FMV SUPPORT AND RAISE AWARENESS FOR LOCAL CHILDREN'S HOSPITALS DOWNTOWN FRESNO PARTNERSHIP 845 FULTON MALL FRESNO CA 93721 941457817 501(C)(3) 7275 FMV SUPPORT FOR DOWNTOWN FRESNO COMMUNITY ACTIVITIES AND ENVIRONMENT FDSA GOLF TOURNAMENT 1360 VAN NESS AVE FRESNO CA 93721 237377560 501(C)(3) 5000 FMV SUPPORT FOR GOLF TOURNAMENTS AND PROVIDE ASSISTANCE TO COMMUNITY FRESNO GRIZZLIES 1800 TULARE STREET FRESNO CA 93721 364577270 501(C)(3) 50781 FMV PROVIDE AFFORDABLE FAMILY ENTERTAINMENT EXPERIENCE FRESNO STATE FOUNDATION 4910 N CHESTNUT FRESNO CA 93726 946003272 501(C)(3) 10207 FMV SUPPORT FOR COMMUNITY ACTIVITIES READING AND BEYOND 4670 E BUTLER AVE FRESNO CA 93702 770508471 501(C)(3) 10000 FMV OFFER READING AND RESEARCH-BASED PROGRAMS SALT FRESNO PO BOX 28005 FRESNO CA 93729 450521279 501(C)(3) 7500 FMV IMPROVE AND ENCOURAGE CHRISTIAN STUDY THE FOUNDATION AT FCOE 1111 VAN NESS AVE FRESNO CA 93721 946002210 501(C)(3) 10000 FMV SUPPORT STUDENT DEVELOPMENT BY ENCOURAGING COMMUNITY INVESTMENT AND INVOLVEMENT TREE FRESNO 3150 E BARSTOW FRESNO CA 93740 770160804 501(C)(3) 5000 FMV IMPROVE COMMUNITY APPEARANCE AND NATURAL ENVIRONMENT VALLEY RESOURCE CENTER 3845 N CLARK ST 201 FRESNO CA 93726 770370104 501(C)(3) 5000 FMV SUPPORT FOR COMMUNITY ACTIVITIES AND CAREGIVERS MENTORING AND SUPPORT FOR YOUTH SUCCESS 40 0 EDUCATIONAL GRANTS 50 100000 FMV SCHEDULE I, PART 1, LINE 2 ALL RECIPIENTS MUST APPLY FOR THE SCHOLARSHIPS. ONCE AWARDED, STUDENTS MUST PROVIDE PROOF OF ENROLLMENT BEFORE GRANT FUNDS ARE PAID. X 1 1 X X X X 0 1 0 ELIZABETH DOOLEY PRESIDENT/CEO 483973 0 92377 0 757662 0 554763 0 26373 0 1915148 0 0 0 BEVERLY RYAN CFO 222285 0 10000 0 864 0 31493 0 717 0 265359 0 0 0 DENDA MATTHEWS COO 230304 0 10000 0 899 0 32136 0 9358 0 282697 0 0 0 MARK PEREZ CLO 218230 0 10000 0 864 0 31493 0 15275 0 275862 0 0 0 BRADLEY TOWERS FINANCIAL REP 47963 0 205348 0 262 0 15300 0 8538 0 277411 0 0 0 THOMAS GRAY SVP HR & FACILITIES 186536 0 10000 0 756 0 29666 0 22892 0 249850 0 0 0 DICK ASHJIAN SVP RISK MGMT 176785 0 10000 0 727 0 29161 0 24447 0 241120 0 0 0 JULIE MATTERN SVP BRANCHES 162684 0 10000 0 664 0 28090 0 9773 0 211211 0 0 0 ELENA MARTIN CONTROLLER 158956 0 10000 0 673 0 10376 0 9873 0 189878 0 0 0 PART I, LINE 4B THE CREDIT UNION OFFERS A 457B RETIREMENT PLAN THAT ALLOWS EXECUTIVES TO DEFER A SPECIFIED AMOUNT OF THEIR PRE-TAX INCOME FOR INVESTMENT. EMPLOYEES MAY MAKE DISCRETIONARY CONTRIBUTIONS TO THE PLAN BUT ARE NOT REQUIRED. EMPLOYEES ARE 100% VESTED AT THE TIME OF CONTRIBUTION. CURRENTLY, THE FOLLOWING EXECUTIVES ARE ACTIVELY PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. IN 2013, $17,500 HAS BEEN CONTRIBUTED TO THE FOLLOWING EMPLOYEES PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. THE CREDIT UNION ALSO OFFERS A 457(F) PLAN WHICH IS AN UNFUNDED DEFERRED COMPENSATION PLAN. CURRENTLY ELIZABETH DOOLEY IS THE ONLY PARTICIPANT. BOTH THE 457B AND 457(F) PLANS ARE FUNDED BY LIFE INSURANCE OWNED BY EDUCATIONAL EMPLOYEES CREDIT UNION. INFORMATION OF THE LIFE INSURANCE IS BEING REPORTED ON FORM 8925. DENDA MATTHEWS OFFICER PLATINUM VISA X 32500 30518 0 1 1 DENDA MATTHEWS OFFICER VEHICLE X 45835 8825 0 1 1 MARK PEREZ OFFICER PLATINUM VISA X 35000 34939 0 1 1 BEVERLY RYAN OFFICER VEHICLE X 25275 18624 0 1 1 BEVERLY RYAN OFFICER PLATINUM VISA X 35000 3362 0 1 1 BEVERLY RYAN OFFICER 1ST T/D X 335250 295775 0 1 1 THOMAS GRAY HCE PLATINUM VISA X 32500 29968 0 1 1 THOMAS GRAY HCE 1ST T/D X 247000 71030 0 1 1 ELIZABETH DOOLEY OFFICER 1ST T/D X 417000 323956 0 1 1 ELIZABETH DOOLEY OFFICER PLATINUM VISA X 35000 4054 0 1 1 JULIE MATTERN HCE PLATINUM VISA X 20500 18770 0 1 1 JULIE MATTERN HCE GOLD VISA X 20500 432 0 1 1 JULIE MATTERN HCE LOC X 20000 5223 0 1 1 MARK PEREZ OFFICER GOLD VISA X 25000 12572 0 1 1 MARK PEREZ OFFICER OD X 1000 706 0 1 1 THOMAS GRAY HCE HELOC X 189000 185859 0 1 1 ELENA MARTIN HCE VEHICLE X 15480 1289 0 1 1 DICK ASHJIAN HCE PLATINUM VISA X 25000 1744 0 1 1 JULIE MATTERN HCE VEHICLE X 32545 20671 0 1 1 ELENA MARTIN HCE 1ST T/D X 96000 72710 0 1 1 DENDA MATTHEWS OFFICER LOC X 10000 5115 0 1 1 ELIZABETH DOOLEY OFFICER NEW AUTO X 40000 36773 0 1 1 ELENA MARTIN HCE PLATINUM VISA X 25000 1247 0 1 1 1184162 CADEN GRAY DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE 2000 EDUCATION DANIEL MARTIN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE 2000 EDUCATION MEGAN ASHJIAN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE 2000 EDUCATION FORM 990, PART VI, SECTION A, LINE 6 EDUCATIONAL EMPLOYEES 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. EDUCATIONAL EMPLOYEES CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF THE 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 DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED BY THE CONTROLLER, CFO AND CEO. ADDITIONALLY THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND EMPLOYEES MUST ANNUALLY ATTEND A CODE OF CONDUCT TRAINING PRESENTATION WHICH INCLUDES CONFLICT OF INTEREST PROVISIONS. THEIR REQUIRED ATTENDANCE IS EVIDENCED THROUGH A SIGNED ACKNOWLEDGEMENT. IN ADDITION, ALL PROSPECTIVE DIRECTORS SIGN AN ADDITIONAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HIRES AN INDEPENDENT OUTSIDE FIRM THAT SPECIALIZES IN THIS AREA FOR BOTH THE ANNUAL REVIEW AND SALARY STRUCTURE FOR THE CEO. IN ADDITION THE CREDIT UNION USES THE RESULTS OF SEVERAL SURVEYS IN SETTING THE CEO'S COMPENSATION. FOR THE SVP'S AND ALL OTHER KEY EMPLOYEES SURVEYS ARE CONSULTED WHICH SUPPORT SALARY LEVELS AND DUTIES. ALL EMPLOYEES RECEIVE ANNUAL REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN GOVERNING DOCUMENTS AND POLICIES MAY BE MADE AVAILABLE BY WRITTEN REQUEST THROUGH THE CREDIT UNION'S BOARD APPROVED RECORDS INSPECTION POLICY. FINANCIAL STATEMENTS ARE POSTED AND AVAILABLE TO THE PUBLIC AT EACH CREDIT UNION BRANCH OFFICE ON A MONTHLY BASIS. IN ADDITION, AN ANNUAL REPORT IS MADE AVAILABLE AT THE CREDIT UNION'S ANNUAL MEETING OF MEMBERS. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 3,467,926. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. EDUCATORS FINANCIAL & INSURANCE SERVICES 2222 W SHAW AVENUE FRESNO CA 93711 770244291 DORMANT CORPORATION NOT CURRENTLY CONDUCTING BUSINESS CA EDUCATIONAL EMPLOYEES CREDIT UNION C 5000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0