2013-11-15T12:46:33-06:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 941484851 CREDIT UNIONS IN THE STATE OF CALIFORNIA SIERRA CENTRAL CREDIT UNION CRED 8002227228 820 PLAZA WAY YUBA CITY CA 95991 JOHN CASSIDY 8002227228 2013-11-15 1 GERALD B KISSELL P00092658 6123324300 2012 2016-03-07 17:11:31Z JOHN CASSIDY 820 PLAZA WAY YUBA CITY CA 95991 30344547 0 1 X WWW.SIERRACENTRAL.COM X 1955 CA AS YOUR FINANCIAL INSTITUTION: WE PLEDGE TO SERVE YOU AND OUR COMMUNITY FAITHFULLY; WE WILL BE FRIENDLY, HELPFUL AND PROFESSIONAL. WE WILL PROVIDE GREAT PRODUCTS AND COMPETITIVE RATES. 7 7 240 7 120833 -153297 0 0 24087400 28719239 915288 1625308 7912040 0 32914728 30344547 10000 10000 0 3663394 8750004 9950705 0 0 0 16246431 8940679 25006435 22564778 7908293 7779769 617246257 654647686 558768962 588390622 58477295 66257064 AS YOUR FINANCIAL INSTITUTION: WE PLEDGE TO SERVE YOU AND OUR COMMUNITY FAITHFULLY; WE WILL BE FRIENDLY, HELPFUL AND PROFESSIONAL. WE WILL PROVIDE GREAT PRODUCTS AND COMPETITIVE RATES. 0 0 PROVIDE FINANCIAL SERVICES TO MEMBEROWNERS AND PROVIDE SAVINGS AND LOAN ACCOUNTS TO 59,199 MEMBERS 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14482 0 1 240 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 0 0 1 1 1 0 0 CA X STEPHANIE DICKINSON 6512876406 820 PLAZA WAY YUBA CITY CA 95991 DAVID MACKOWIAK 2.00 X X 0 0 0 THOMAS BELZA 2.00 X X 0 0 0 DIANE MEYERS 2.00 X X 0 0 0 DOUGLAS SLOAN 2.00 X 0 0 0 DANIEL OSTRANDER 2.00 X 0 0 0 JAMES KENNEDY 2.00 X 0 0 0 RON BARTOLI 2.00 X 0 0 0 JOHN CASSIDY 40.00 X 416520 0 60247 RON SWEENEY 40.00 X 402368 0 73082 STEPHANIE DICKINSON 40.00 X 148300 0 41954 STEVE HENDERSON 40.00 X 164051 0 33475 DAVID KELSAY 40.00 X 160638 0 20461 BOB CARMAN 40.00 X 108720 0 12918 DESIREE MANES 40.00 X 105406 0 78 1506003 0 242215 7 0 1 0 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 ATM SERVICES 1220489 FISERV INC 75 REMITTANCE DR 1698 CHICAGO IL 60675 IT SERVICES 771935 QUEST MEDIA PO BOX 41039 SACRAMENT CA 95841 IT SERVICES 440063 INFOIMAGE 141 JEFFERSON DR MENLO PARK CA 94025 STATEMENT PROCESSING 369528 EXPERIAN PO BOX 881971 LOS ANGELES CA 90088 CREDIT SCORING 258286 14 LOAN INTEREST INCOME 522130 21242146 21242146 SERVICE CHARGES & OTHER FEES 522130 6704930 6596862 108068 OTHER NONINTEREST INCOME 522130 772163 759398 12765 28719239 999787 999787 625521 0 625521 625521 625521 30344547 28598406 120833 1625308 10000 3663394 1521097 6527894 456927 793757 651030 163696 143000 26745 277311 2313453 676418 1298356 1411 1022059 171829 PLASTIC CARD OPERATIONS 1580298 NCUA PREMIUM EXPENSE 549420 LOAN SERVICING 353362 COMMUNITY RELATIONS 102662 260659 22564778 10846784 9563261 202122528 248609858 262844 0 379208234 368627467 521841 504967 31690132 16359505 14231378 15330627 1634400 1621600 8418248 10389906 617246257 654647686 4920481 7122563 234671 255617 553613810 581012442 558768962 588390622 X 0 0 0 0 58477295 66257064 58477295 66257064 617246257 654647686 7779769 0 X 0 1 X 1 0 4750 4750 4750 1 CA CREDIT UNION LEAGUE PAC 1201 K ST SACRAMENTO CA 95814 942329967 4750 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTED TO THE CALIFORNIA CREDIT UNION LEAGUE'S POLITICAL ACTION COMMITTEE IN SUPPORT OF CREDIT UNION ISSUES. 1 144101 714430 559228 299303 1 X 6692303 6692303 11136951 4820284 6316667 1492965 1216446 276519 6563197 5684533 878664 5804716 4638242 1166474 15330627 MEMBER SHARES 581012442 581012442 X 30344547 0 30344547 0 30344547 22564778 0 22564778 0 22564778 PART IV, LINE 1B: THE CREDIT UNION HOLDS FUNDS IN ESCROW ON BEHALF OF MORTGAGE LOANS THAT ARE NOT OWNED BY THE CREDIT UNION, BUT ARE SERVICED BY THE CREDIT UNION. PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 0 SCHOLARSHIPS FOR STUDENTS ATTENDING COLLEGE 20 10000 X X 1 1 X X X 0 1 0 JOHN CASSIDY 365378 0 49350 0 1792 0 16413 0 43834 0 476767 0 0 0 RON SWEENEY 236898 0 164741 0 729 0 14608 0 58474 0 475450 0 0 0 STEPHANIE DICKINSON 128017 0 20000 0 283 0 0 0 41954 0 190254 0 0 0 STEVE HENDERSON 143305 0 20000 0 746 0 0 0 33475 0 197526 0 0 0 DAVID KELSAY 139319 0 20000 0 1319 0 0 0 20461 0 181099 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - TRAVEL FOR COMPANIONS IS ONLY PROVIDED FOR BOARD AND SUPERVISORY COMMITTEE MEMBERS. EXPENSES ARE TRACKED DURING THE YEAR AND FORM 1099 IS FILED IF THE $600 REPORTING THRESHOLD IS MET. SOCIAL CLUB DUES - GOLF CLUB DUES ARE PROVIDED TO SVPS AND ABOVE TO COVER THE COST OF THEIR DUES AT THE LOCAL GOLF CLUB. THIS AMOUNT IS INCLUDED IN THE W-2. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISBURSEMENTS IN 2012. THE FOLLOWING AMOUNTS WERE ACCRUED FOR SERVICES ATTRIBUTED TO 2012: JOHN CASSIDY $16,413 RON SWEENEY $14,608 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS MAY JOIN THE CREDIT UNION IF THEY QUALIFY FOR MEMBERSHIP UNDER THE FIELD OF MEMBERSHIP REQUIREMENTS AS SET FORTH IN THE ORGANIZATION BYLAWS. THE CREDIT UNION'S MEMBERS OWN SHARE(S) IN THE ORGANIZATION IN THE FORM OF A DEPOSIT TO A SHARE ACCOUNT(S). THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. 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 A COPY OF FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT ARISE; HOWEVER THERE IS NO OFFICIAL MONITORING PROCESS IN PLACE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS CONTRACT WITH AN EXTERNAL CONSULTING COMPANY TO PROVIDE COMPARABLE COMPENSATION DATA FOR LIKE POSITIONS. AFTER DISCUSSION AMONGST BOARD MEMBERS CONDUCTED IN CLOSED SESSION FORMAT THE COMPENSATION PACKAGE IN CONJUNCTION WITH THE EMPLOYEE CONTRACT WERE PRESENTED TO AND ACCEPTED BY THE CEO IN 2007. THE COO'S SALARY IS A PERCENTAGE OF THE CEOS SALARY. THE PERCENTAGE IS DETERMINED BY THE BOARD AND IS UP TO THEIR DISCRETION. ALL OTHER OFFICERS AND KEY EMPLOYEE SALARIES WERE DETERMINED BY GATHERING COMPARABLE DATA FROM MULTIPLE SOURCES AND ANALYZING IT TO DETERMINE A SALARY. THIS INFORMATION WAS THEN PRESENTED TO JOHN CASSIDY, CEO AND RON SWEENEY, COO AND THEY BOTH APPROVED IT. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH. ALL OTHER DOCUMENTS ARE AVAILABLE UFON REQUEST.