2013-11-13T03:29:04-00:00 2012-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2012-01-01 951585409 SOUTHLAND CREDIT UNION SOUT 5629368740 10701 LOS ALAMITOS BLVD LOS ALAMITOS CA 90720 THOMAS G LENT 2013-11-13 false DOUGLAS ORTH 3052328272 2013-11-13 2012 2016-03-07 17:11:31Z FERRIS FOSTER 10701 LOS ALAMITOS BLVD LOS ALAMITOS CA 90720 90657796 false X WWW.SOUTHLANDCU.ORG X 1936 CA EXCEPTIONAL MEMBER SERVICE RESULTING IN SUPERIOR FINANCIAL STRENGTH 7 7 116 10 140041 -157145 0 23750917 23346244 1134960 2028352 901646 24885877 26276242 0 0 7468028 8722853 0 0 15787699 11506475 23255727 20229328 1630150 6046914 486234942 482619345 438557225 427343100 47677717 55276245 X SOUTHLAND CREDIT UNION IS DEDICATED TO EXCEPTIONAL MEMBER SERVICE RESULTING IN SUPERIOR FINANCIAL STRENGTH, OFFERING CONVENIENCE, COURTESY AND VALUED SOLUTIONS. false false PROVIDED LOW COST LOANS AND HIGH-YIELD DEPOSIT OPTIONS FOR OUR MEMBERSHIP. EDUCATED OUR MEMBERSHIP TO ENSURE FINANCIAL LITERACY AND SECURITY. DURING 2012, 5,218 LOANS WERE GRANTED AND SERVICES WERE PROVIDED TO 45,968 MEMBERS. false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true false false true 8550 0 true 116 true true true false false false false false X 7 7 false false false false true true false true true false false true true true true true true true true false X TOM LENT 5629368740 10701 LOS ALAMITOS BLVD LOS ALAMITOS CA 90720 DELORES ARRIOLA 001.00 001.00 X 0 0 0 WALTER FINNIGAN 001.00 001.00 X 0 0 0 WILLIAM DE LA GARZA 001.00 001.00 X 0 0 0 ROBERT HALE 001.00 001.00 X 0 0 0 G DAVID MILLS 001.00 001.00 X 0 0 0 ANNIE PEREZ 001.00 001.00 X 0 0 0 JAMES GREGG 001.00 001.00 X 0 0 0 FERRIS FOSTER 040.00 040.00 X 269355 0 276062 RENE LEJAY 040.00 040.00 X 183850 0 87206 THOMAS LENT 040.00 040.00 X 170623 0 88240 MATTHEW HERRICK 040.00 040.00 X 134923 0 15532 CURT BANNOCK 040.00 040.00 X 140848 0 13603 CYNTHIA SMOLINSKI 040.00 040.00 X 125731 0 13858 RYON MCMAHON 040.00 040.00 X 142228 0 17851 FARID YEAWARY 040.00 040.00 X 144813 0 18343 1312371 530695 8 false true false JACK HENRY & ASSOCIATES 663 W HIGHWAY 60 MONETT MO 657088215 CORE SYSTEM 471571 DIEBOLD INC 5995 MAYFAIR ROAD NORTH CANTON OH 44720 AUTOMATED TELLER MACHINES 444614 DELL MARKETING LP PO BOX 910916 PASADENA CA 911100916 TECHNOLOGY SOLUTIONS 252464 ONLINE RESOURCES CORP 4795 MEADOW WOOD LANE CHANTILLY VA 20151 ONLINE BANKING 232287 GRACE PROPERTY MANAGEMENT 210 SOUTH SPRING STREET LOS ANGELES CA 90012 PROPERTY MANAGEMENT 183467 7 INTEREST INCOME ON LOANS 522100 18783815 18783815 FEES/CHARGES/OTHER 522100 4422388 4422388 UNRELATED BUSINESS INCOME 524298 73487 73487 UNRELATED BUSINESS INCOME 900099 66554 66554 23346244 770909 770909 65638997 64381554 1257443 1257443 1257443 GAIN ON MERGER 522100 624603 624603 GAIN ON MORTGAGE SERVICING RIGHTS 522100 256193 256193 MISC INCOME 522100 20850 20850 901646 26276242 26136201 140041 0 0 0 0 1075336 1075336 0 4729500 4729500 293174 293174 2096729 2096729 528114 528114 171917 171917 71959 71959 176257 176257 0 0 141525 141525 528995 528995 669710 669710 656177 656177 0 559499 559499 87125 87125 0 29986 29986 3664663 3664663 89120 89120 851642 851642 227773 227773 SEE ATTACHED SCHEDULE 3580127 3580127 0 20229328 20229328 3035090 4254551 47207688 48123850 2190080 4748726 337569324 315968629 935289 954182 15784715 7596748 7734256 8187967 64222832 72008277 2784100 9602418 1400796 1246720 19155487 17524025 486234942 482619345 4368818 4645078 42847000 2847000 391341407 419851022 438557225 427343100 X 47677717 55276245 47677717 55276245 486234942 482619345 X 6046914 -278386 1830000 X false true X true false false 1015898 984706 7266210 2621840 4644370 1616089 587042 1029047 5886518 4356674 1529844 8187967 Financial derivatives and other financial products Closely-held equity interests Federal income taxes SHARE DRAFTS 71282199 SHARES/ESCROWS 99247678 MONEY MARKET 86221811 IRA SHARES 4847258 CERTIFICATES 158252076 419851022 X X 2 THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN THE INTERNAL REVENUE CODE IRC SECTION 501c14. AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME UBI DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE IRS RELEASED TECHNNICAL ADVICE MEMORANDUMS TAMs TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX UBIT. UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNIONS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITON OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2011, 2010, AND 2009 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X X true true X X X X false true false FERRIS FOSTER 252555 16800 263997 12065 545417 204615 RENE LEJAY 183850 80955 6251 271056 52076 THOMAS LENT 162006 8617 79063 9177 258863 50884 MATTHEW HERRICK 127123 7800 8320 7212 150455 CURT BANNOCK 140848 4562 9041 154451 RYON MCMAHON 110249 31979 9162 8689 160079 FARID YEAWARY 33000 111813 9249 9094 163156 I 1B HEALTH CLUB MEMBERSHIPS FOR THE CEO/CFO/COO ARE DIRECTLY PAID BY THE CREDIT UNION. I 4B SOUTHLAND CREDIT UNION HAS A 457F PLAN. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE PLAN AND CONTRIBUTIONS WERE MADE FOR FERRIS FOSTER - 248,608, RENE LEJAY - 69,557, AND THOMAS LENT - 67,965 Form 990 Part VI Section A Line 6 THE CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS. Form 990 Part VI Section A Line 7A EACH BOARD MEMBER AND SUPERVISORY COMMITTEE MEMBER SERVES A 1-3 YEAR TERM, AND IS NOMINATED AND ELECTED BY THE MEMBERSHIP. Form 990 Part VI Section B Line 11 THE FORM 990 IS PRESENTED TO THE SUPERVISORY COMMITTEE TO BE REPORTED TO THE BOARD BEFORE FILING. Form 990 Part VI Section B Line 12C MANAGEMENT IS RESPONSIBLE FOR ENFORCING ALL CONFLICT OF INTEREST POLICIES. PERIODIC REVIEWS ARE COMPLETED BY INTERNAL AUDITORS WHO REPORT THEIR FINDINGS TO THE SUPERVISORY COMMITTEE. Form 990 Part III Section B Line 15 THE BOARD FORMS AN EXECUTIVE COMPENSATION COMMITTEE WHICH SOLICITS A REVIEW FROM INDEPENDENT SOURCES AS WELL AS COMPARABILITY DATA. THIS COMMITTEE PROVIDES A RECOMMENDATION TO THE FULL BOARD TO APPROVE THE CEO SALARY. OTHER MANAGEMENT SALARIES ARE DETERMINED USING OUTSIDE COMPARATIVES AND 3RD PARTY RECOMMENDATIONS. Form 990 Part VI Section C Line 19 ALL PUBLIC DOCUMENTS AND FINANCIALS ARE EITHER POSTED IN THE BRANCHES, AVAILABLE UPON REQUEST, OR BOTH. Form 990 Part XI Line 9 EQUITY ACQUIRED THROUGH MERGER. false false false false false false false false false false false false false false false false false false false