2014-11-14T19:18:56-06:00 2013-12-31 420714325 MCGLADREY LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2013-01-01 951184903 SAN DIEGO COUNTY CREDIT UNION SAND 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 ASHLEE MICALE CFO 8777322848 2014-11-14 1 CHRISTOPHER M PEKULA P00734965 2133304800 2013 2015-11-30 17:44:51Z TERESA HALLECK 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 221670764 0 X WWW.SDCCU.COM X 1938 CA STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS 8 6 958 11 2181317 -1884821 0 0 196314566 184838859 24126158 23743926 2374224 13087233 222814948 221670018 0 0 0 0 40042588 43232115 0 0 0 99897231 88376016 139939819 131608131 82875129 90061887 5836542937 6348541558 5116355226 5538295773 720187711 810245785 A NOT-FOR-PROFIT CREDIT UNION WHOLLY OWNED BY ITS MEMBERS 0 0 PROVIDE LOAN PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE DEPOSIT PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE OTHER FINANCIAL SERVICES TO MEMBERSHIP 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 79944 0 1 958 1 1 1 0 0 0 0 0 X 8 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 CA X MS ASHLEE MICALE CFO 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 TERESA HALLECK CEO & PRESIDENT 40.00 X X 963598 0 122033 ROD CALVAO DIRECTOR & FORMER CEO 1.00 X 428303 0 0 ILAN AWERBUCH DIRECTOR 1.00 X 1132 0 0 PATRICIA HONEYCUTT DIRECTOR 1.00 X 0 0 0 RICHARD COLLINS DIRECTOR 1.00 X 731 0 0 STEVE REUEL DIRECTOR 1.00 X 1034 0 0 SHIRLEY JACKSON DIRECTOR 1.00 X 101 0 0 LAURIE LEVENSON DIRECTOR 1.00 X 542 0 0 CHITRAPHOL T VONGSAWAD COO 40.00 X 358297 0 100248 ASHLEE N MICALE CFO 40.00 X 329968 0 23888 HEATHER E MOSHIER EVP - IT 40.00 X 334983 0 155130 NATHAN S SCHMIDT EVP - MARKETING & BUSINESS 40.00 X 260623 0 24136 PATRICK COSGROVE EVP - CONSUMER LENDING 40.00 X 231149 0 23494 MICHELLE PAGNI EVP - HUMAN RESOURCES 40.00 X 239674 0 31679 DALE TURNER EVP - REAL ESTATE 40.00 X 276462 0 26279 SASSAN AZHADI SR TECHNICAL ARCHITECT 40.00 X 215344 0 -214166 MARC A MATHEWS SVP - BUSINESS SERVICES 40.00 X 192680 0 -5027 EDWARD MARR SVP, INVESTMENT OFFICER 40.00 X 250769 0 14677 JOHN SEDBERRY FINANCIAL ADVISOR 40.00 X 203132 0 12555 LEONARD GZESH SVP, INVEST & WEALTH SERVICES 40.00 X 191678 0 6959 KENTON HALL SVP - FORMER 0.50 X 110055 0 0 4590255 0 321885 43 1 1 1 SHEPPARD MULLIN RICHTER & HAMPTON LLP 333 SOUTH HOPE ST 43RD FL LA CA 90071 LEGAL SERVICES 1799335 UNIVERSAL PROTECTION SERVICE LP 1551 N TUSTIN AVE STE 650 SANTA ANA CA 92705 SECURITY SERVICES 972752 MICROSOFT LICENSING GP 6100 NEIL ROAD RENO NV 89511 LICENSING SERVICES 515138 UTLS DEFAULT SERVICES 5 PARK PLAZA STE 1000 IRVINE CA 92614 LOAN CONSULTING SERVICES 360907 BEAR GARDEN INVESTMENTS LLC 303 H ST STE 422 CHULA VISTA CA 91910 REAL ESTATE AGENTS & BROKERS 347378 31 INTEREST INCOME 522100 137488111 137488111 FEE INCOME 522200 47350748 45169431 2181317 184838859 17758744 17758744 75240 746 74494 74494 74494 5985182 0 5985182 5985182 5985182 PROVISION FOR LOANS 522100 9135000 9135000 OTHER INCOME 522100 3877739 3877739 13012739 221670018 195670281 2181317 23818420 X 3934661 30469025 1094675 4862197 2871557 1821096 599108 40000 13316783 7340004 4669460 7339186 515294 29348478 5831658 593986 LOAN PROCESSING EXPENSE 7572680 NCUSIF PREMIUM ASSESSME 3911682 EQUIPMENT EXPENSE 2836267 OTHER OPERATING EXPENSE 1301402 1338932 131608131 606800170 615948250 1907078 0 3116733006 3297650024 2586396 2685399 102229400 51881018 49253675 50348382 1953678554 2166083008 105584058 215826495 5836542937 6348541558 41523567 38092444 125000000 50000000 4949831659 5450203329 5116355226 5538295773 X 0 0 0 0 720187711 810245785 720187711 810245785 5836542937 6348541558 90061887 -3813 0 X 0 1 X 1 0 40000 40000 40000 0 CALIFORNIA CREDIT UNION LEAGUE PAC 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 91761 942329967 34000 34000 SAN DIEGO CREDIT UNION PAC 5890 PACIFIC CENTER BLVD SAN DIEGO CA 92121 743032876 6000 6000 PART I-A, LINE 1: SAN DIEGO COUNTY CREDIT UNION MADE A CONTRIBUTION TO THE CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE AND THE SAN DIEGO CREDIT UNION POLITICAL ACTION COMMITEE WHICH ARE INVOLVED IN PROMOTING LEGISLATIVE AND REGULATORY MATTERS OF IMPORTANCE TO THE CREDIT UNION INDUSTRY. 13208100 13208100 36814163 16404271 20409892 9863075 4909239 4953836 41869828 30567508 11302320 474234 474234 50348382 GOVERNMENT INVESTMENTS 205140 F GOVERNMENT INVESTMENTS 1840877868 C FHLB OF SAN FRANCISCO 25000000 F REPO AGREEMENTS INVESTMENT 300000000 F 2166083008 MEMBERS' SHARES 5150203329 CALIFORNIA TREASURY DEPOSITS 300000000 5450203329 X 221670018 0 221670018 0 221670018 131608131 0 131608131 0 131608131 PART X, LINE 2: FASB CODIFICATION TOPIC 740, 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 TO BE 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 THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X X 1 1 X X X X 1 1 0 TERESA HALLECK CEO & PRESIDENT 645598 0 318000 0 0 0 108291 0 13742 0 1085631 0 0 0 ROD CALVAO DIRECTOR & FORMER CEO 0 0 0 0 428303 0 0 0 0 0 428303 0 0 0 CHITRAPHOL T VONGSAWAD COO 318297 0 40000 0 0 0 83848 0 16400 0 458545 0 0 0 ASHLEE N MICALE CFO 279968 0 50000 0 0 0 17539 0 6349 0 353856 0 0 0 HEATHER E MOSHIER EVP - IT 279983 0 55000 0 0 0 140530 0 14600 0 490113 0 0 0 NATHAN S SCHMIDT EVP - MARKETING & BUSINESS 220623 0 40000 0 0 0 12551 0 11585 0 284759 0 0 0 PATRICK COSGROVE EVP - CONSUMER LENDING 206149 0 25000 0 0 0 14294 0 9200 0 254643 0 0 0 MICHELLE PAGNI EVP - HUMAN RESOURCES 199674 0 40000 0 0 0 31170 0 509 0 271353 0 0 0 DALE TURNER EVP - REAL ESTATE 211462 0 65000 0 0 0 6492 0 19787 0 302741 0 0 0 MARC A MATHEWS SVP - BUSINESS SERVICES 187680 0 5000 0 0 0 -11212 0 6185 0 187653 0 0 0 EDWARD MARR SVP, INVESTMENT OFFICER 215769 0 35000 0 0 0 5981 0 8696 0 265446 0 0 0 JOHN SEDBERRY FINANCIAL ADVISOR 42412 0 160720 0 0 0 6473 0 6082 0 215687 0 0 0 LEONARD GZESH SVP, INVEST & WEALTH SERVICES 173678 0 18000 0 0 0 2395 0 4564 0 198637 0 0 0 KENTON HALL SVP - FORMER 110055 0 0 0 0 0 0 0 0 0 110055 0 0 0 PART I, LINE 1A THE FOLLOWING EMPLOYEES WERE PROVIDED BENEFITS AND REIMBURSEMENTS RELATING TO TRAVEL FOR COMPANIONS: ROD CALVAO - $3,303 ILAN AWERBUCH - $1,132 RICHARD COLLINS - $731 STEVE REUEL - $1,005 SHIRLEY JACKSON - $101 LAURIE LEVENSON - $542 THE FOLLOWING EMPLOYEES WERE PROVIDED BENEFITS AND REIMBURSEMENTS RELATING TO A CAR ALLOWANCE: TERESA HALLECK - $5,074 CHITRAPHOL T. VONGSAWAD - $7,200 HEATHER E. MOSHIER - $5,400 NATHAN S. SCHMIDT - $5,400 THE FOLLOWING EMPLOYEES WERE PROVIDED BENEFITS AND REIMBURSEMENTS RELATING TO MOVING AND RELOCATION COSTS: DALE TURNER - $15,495 THE FOLLOWING EMPLOYEES RECEIVED REIMBURSEMENTS RELATING TO INTERVIEW EXPENSES: DALE TURNER - $483 PART I, LINES 4A-B SCHEDULE J, PART I, LINE 4A: THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS FROM SDCCU DURING THE YEAR IN ACCORDANCE WITH ESTABLISHED AGREEMENTS. KENTON HALL - $110,055 SCHEDULE J, PART I, LINE 4B: SDCCU PROVIDES CERTAIN OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHLY COMPENSATED EXECUTIVES WITH A SPLIT-DOLLAR SUPPLEMEMTAL EXECUTIVE RETIREMENT PLAN (SERP) TO AUGMENT RETIREMENT INCOME FOR THESE EMPLOYEES. AMOUNTS CREDITED TO PARTICIPANTS ARE EARNED ON AN ANNUAL BASIS AND BASED ON CERTAIN ACTUARIAL FACTORS. THE AMOUNTS ARE ALSO SUBJECT TO FORFEITURE IF CERTAIN EMPLOYMENT CONDITIONS AND VESTING PERIODS ARE NOT MET. FOR THE YEAR ENDING DECEMBER 31, 2013, THE INDIVIDUALS LISTED IN SCHEDULE J, PART II HAD AN AMOUNT RELATING TO THE SERP BENEFITS LISTED AS DEFERRED COMPENSATION LISTED IN COLUMN C: TERESA HALLECK - $98,091 CHITRAPHOL T. VONGSAWAD - $73,648 HEATHER E. MOSHIER - $130,330 ASHLEE N. MICALE - $7,339 NATHAN S. SCHMIDT - $4,728 PATRICK M. COSGROVE - $7,356 SASSAN AZHADI - $(228,692) MICHELLE PAGNI - $21,563 MARC A. MATHEWS - $(18,938) ROD CALVAO - $(763,228) THE FOLLOWING INDIVIDUALS RECEIVED THE FOLLOWING SERP PAYMENTS REPORTABLE AS COMPENSATION: ROD CALVAO - $425,000 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A NOT-FOR-PROFIT ORGANIZATION MADE UP OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS MAY ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE. MEMBERS MAY NOMINATE CANDIDATES FOR THE BOARD THROUGH A PETITION PROCESS SET FORTH IN THE BYLAWS. A NOMINATION COMMITTEE ALSO NOMINATES CANDIDATES. IF MEMBERS FAIL TO NOMINATE A CANDIDATE FOR AN OPEN BOARD POSITION, THEN THE NOMINATION COMMITTEE'S CANDIDATE MAY BE APPOINTED TO THE BOARD WITHOUT AN ELECTION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MADE BY THE CREDIT UNION'S BOARD OF DIRECTORS ARE SUBJECT TO REGULATORY OR MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER ("CEO") AND CHIEF FINANCIAL OFFICER ("CFO"), WHO CONSULT WITH EXTERNAL CPA FIRMS AND LEGAL COUNSEL AS NEEDED TO ENSURE THE ACCURACY AND SUFFICIENCY OF ALL RESPONSES. FORM 990, PART VI, SECTION B, LINE 12C THERE ARE REGULAR COMPLIANCE REVIEWS BY THE CREDIT UNION'S COMPLIANCE OFFICER AND A THIRD (3RD) PARTY VENDOR WHICH ADDRESSES COMPLIANCE WITH ALL CREDIT UNION POLICIES. IN ADDITION, REGULATORS AND CPA'S MONITOR COMPLIANCE DURING THEIR PERIODIC AND ANNUAL AUDITS. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCES PARTICIPATES IN SURVEYS AND PROVIDES COMPARABILITY DATA ON COMPENSATION FOR KEY OFFICERS TO THE CEO. OUTSIDE PROFESSIONALS ALSO VALIDATE THE COMPENSATION DATA ON A PERIODIC BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY COMPLYING WITH THE PUBLIC DISCLOSURE REQUIREMENTS SET FORTH IN THE REGULATIONS FOR IRC SECTION 6104 AT 26 C.F.R. SECTION 301.604 FORM 990, PART IX, LINE 11G OTHER OUTSIDE SERVICES & FEES 13,316,783. FRESH START REAL ESTATE LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452981200 REAL ESTATE CA 584749 8363802 SAN DIEGO COUNTY CREDIT UNION SD FINANCIAL GROUP LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452980994 E-COMMERCE CA 4446361 3597762 SAN DIEGO COUNTY CREDIT UNION