2013-11-05T19:28:08-06:00 2012-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2012-01-01 951790568 VENTURA COUNTY CREDIT UNION VENT 8054774024 PO BOX 6920 VENTURA CA 930066920 JOSEPH SCHROEDER 8054774024 2013-11-01 1 P01054153 8189549700 2012 2016-03-07 17:11:31Z JOSEPH SCHROEDER PO BOX 6920 VENTURA CA 930066920 28938895 0 X WWW.VCCUONLINE.NET X CREDIT UNION 1950 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 171 14 156342 -59480 0 0 22836241 23415926 5129612 5172714 374029 350135 28339882 28938775 30467 55000 0 0 7535758 8513015 0 0 0 15738078 15011542 23304303 23579557 5035579 5359218 566918161 627947577 520261041 574855707 46657120 53091870 X VENTURA COUNTY 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, VENTURA COUNTY 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 ACHIEVEMENT OF EXCELLENT SERVICE PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS AND GRANTING MORTGAGE LOANS. (FHA/VA PRODUCT LINE COMPLETE AND FANNIE MAE APPROVED) SUCCESSFULLY LAUNCHED THE $5 MILLION DOLLAR CHALLENGE PROGRAM AND SAVED OVER $7 MILLION IN INTEREST FOR MEMBERSHIP. CORPORATE CITIZENSHIP PROGRAM WAS ALSO LAUNCHED. CHOSEN BY "VC STAR" AND "VC REPORTER" AS VENTURA COUNTY'S BEST/FAVORITE FINANCIAL INSTITUTION. REACTIVATED AS AN SBA LENDER, SUCCESSFULLY IMPLEMENTED ATM/CREDIT CARD CONVERSION, AND DEPLOYED APPROXIMATELY 20 ATMS IN 2012. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 10565 0 1 171 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 LINDA SIM CFO 8054774024 6026 TELEPHONE ROAD VENTURA CA 93006 ROXANNE OSTREM 5.00 X 0 0 0 MONIQUE NOWLIN 5.00 X 0 0 0 SUE TATANGELO 3.30 X 0 0 0 BRENDA MORRIS 3.80 X 0 0 0 GLENDA MCGILL 3.30 X 0 0 0 PHILIP BOHAN 7.50 X 0 0 0 AL DUFF 1.80 X 0 0 0 WILLIAM FRANK 7.50 X 0 0 0 PAT MADDEN 1.80 X 0 0 0 SUSAN CRAIG 3.80 X 0 0 0 JEFF LANDIS 2.00 X 0 0 0 MARGO BYRNE 1.30 X 0 0 0 DANIELLE BRINKMAN 1.30 X 0 0 0 WENDY VICKERS 1.30 X 0 0 0 JOSEPH SCHROEDER 45.00 X 410557 0 309749 LINDA SIM 45.00 X 152479 0 28198 LINDA ROSSI 45.00 X 175382 0 15374 GAVIN BRADLEY 45.00 X 172395 0 28780 BERT HERRERA 45.00 X 131128 0 20180 JACKIE BENOUN 45.00 X 143904 0 27937 GREGORY UTTAL 45.00 X 104273 0 10847 GINO DE MAURO 45.00 X 94602 0 19097 LINDA TABATA 45.00 X 194690 0 10326 1579410 0 470488 8 0 1 0 FTSI PO BOX 379 PASADENA CA 91102 ATM SERVICES 1215381 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 657088215 INFORMATION PROCESSING SOLUTIONS 485235 BDI-BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 POSTAGE SERVICES 390887 S1 CORP 99944 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 ONLINE BANKING SERVICES 316667 AFFINION BENEFIT GROUP 6 HIGH RIDGE PARK STAMFORD CT 06905 MARKETING SERVICES 281046 15 INTEREST ON LOANS 522100 14681420 14681420 FEE INCOME 522100 4609420 4609420 OTHER OPERATING INCOME 522100 4125086 3968744 156342 23415926 5170697 5170697 2137 120 2017 2017 2017 OTHER NON-OPERATING INCOME 522100 350135 350135 350135 28938775 28782433 156342 0 55000 1579410 5168841 492315 754517 517932 73113 180216 376765 729652 4171282 884578 839225 206123 2517774 1352899 518177 PROV FOR LOAN LOSSES 1744944 LOAN SERVICING EXPENSE 687715 MISC OPERATING EXPENSE 677433 OPERATING FEES 51646 23579557 4270026 6940348 67928845 84890774 1285432 886630 616603 539542 33630927 11295971 22102117 22334956 76361686 110110537 383752846 386951606 152509 421020 10448097 14872164 566918161 627947577 4370576 3446063 515890465 571409644 520261041 574855707 X 0 0 0 0 46657120 53091870 46657120 53091870 566918161 627947577 5359218 1075532 0 X X 0 1 X 1 0 5000 5000 5000 1 CCUL - PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 940357265 5000 7442872 7442872 16819636 4841398 11978238 1435360 913693 521667 7933059 5540880 2392179 22334956 ALL OTHER INVESTMENTS 3048800 F LOANS AND LEASES 263780083 F NCUA SHARE INSURANCE CAP DEPOSIT 5454499 F HELD TO MATURITY SECURITIES 114668224 F 386951606 DIVIDENDS PAYABLE 128548 TOTAL SHARES AND DEPOSITS 571281096 571409644 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: FASB ASC 740-10-65, 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" 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 YEAR ENDED JUNE 30, 2012, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL AND STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2007. 1 CAMARILLO HEALTH CARE DISTRICT 3639 E LAS POSAS RD STE 117 CAMARILLO CA 93010 952834854 501(C)(3) 7000 FMV PROMOTES COMMUNITY HEALTH, WELLNESS, AND SAFETY WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 537054493 391984681 501(C)(3) 6290 FMV ASSISTS COMMUNITIES DURING AND AFTER CONFLICTS AND DISASTERS 2 X X X 0 1 0 JOSEPH SCHROEDER 313950 0 75867 0 20740 0 286021 0 23728 0 720306 0 0 0 LINDA SIM 128674 0 20617 0 3188 0 4470 0 23728 0 180677 0 0 0 LINDA ROSSI 154994 0 16779 0 3609 0 5142 0 10232 0 190756 0 0 0 GAVIN BRADLEY 149864 0 18880 0 3651 0 5052 0 23728 0 201175 0 0 0 BERT HERRERA 116923 0 11400 0 2805 0 3841 0 16339 0 151308 0 0 0 JACKIE BENOUN 128673 0 11945 0 3286 0 4209 0 23728 0 171841 0 0 0 LINDA TABATA 194690 0 0 0 0 0 5210 0 5116 0 205016 0 0 0 PART I, LINE 4B THE CREDIT UNION CONTRIBUTES TO A 457(F) PLAN FOR THE CEO WHICH PROVIDES ADDITIONAL RETIREMENT BENEFITS. X 0 0 0 LINDA SIM OFFICER HOME LOAN X 332000 317041 0 1 1 JOSEPH SCHROEDER OFFICER HOME LOAN X 595000 569574 0 1 1 JOSEPH SCHROEDER OFFICER HELOC X 13484 15 0 1 1 886630 FORM 990, PART VI, SECTION A, LINE 6 VENTURA COUNTY 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. VENTURA COUNTY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF VENTURA COUNTY 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 ADVANCED MONTHLY BOARD PACKAGES, INCLUDING FINANCIAL STATEMENTS AND OTHER RELEVANT INFORMATION ARE DISTRIBUTED TO THE BOARD MONTHLY, IN ADVANCE OF THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANY EXCEPTION ON A PERIODIC BASIS PURSUANT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND PROVIDES ANY RESOLUTION WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCE DEPT. GATHERS RELEVANT SALARY INFORMATION COMPARABLE WITHIN INDUSTRY AND MARKET STANDARDS. THEREAFTER, APPROPRIATE RECOMMENDATIONS ARE PROVIDED TO THE CEO FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS FINANCIAL STATEMENTS IN EVERY BRANCH LOCATION ON A MONTHLY BASIS AND PROVIDES ANY GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.