VISTERRA CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- VISTERRA CREDIT UNION (EIN 95-1803229)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-07
- IRS object ID
- 201212209349301131
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-07T16:46:28-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954083485 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TURNER WARREN HWANG & CONRAD ACCTCY | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 NORTH FIRST ST STE 202 | AddressLine1 |
| City | BURBANK | City |
| State | CA | State |
| ZIP Code | 91502 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951803229 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VISTERRA CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VIST | NameControl |
| Phone | 9516564411 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9500 | AddressLine1 |
| City | MORENO VALLEY | City |
| State | CA | State |
| ZIP Code | 925529500 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TL SHRYOCK | Name |
| Title | SENIOR VP/CFO | Title |
| Phone | 9516564411 | Phone |
| Date Signed | 2012-07-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P01054153 | PTIN |
| Phone | 8189549700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT CAMERON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9500 | AddressLine1 |
| City | MORENO VALLEY | City |
| State | CA | State |
| ZIP Code | 925529500 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 21584032 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.VISTERRACU.ORG | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | CREDIT UNION | TypeOfOrgOtherDescription |
| Year Formation | 1953 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 145 | TotalNbrEmployees |
| Total Nbr Volunteers | 10 | TotalNbrVolunteers |
| Total Gross UBI | 63402 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -217994 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 19972261 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 17647045 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1206985 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1261857 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21179246 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18908902 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6003273 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6270774 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 20430579 | OtherExpensePriorYear |
| Other Expenses Current Year | 10678585 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 26433852 | TotalExpensesPriorYear |
| Total Expenses Current Year | 16949359 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -5254606 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1959543 | RevenuesLessExpensesCY |
| Total Assets BOY | 362258148 | TotalAssetsBOY |
| Total Assets EOY | 329780490 | TotalAssetsEOY |
| Total Liabilities BOY | 342318667 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 307884300 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19939481 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 21896190 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | VISTERRA 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, VISTERRA CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDE LOANS AND LENDING PRODUCTS TO OUR MEMBERS AT COMPETITIVE RATES AND TERMS. MANY WOULD NOT QUALIFY FOR LOANS AT OTHER FINANCIAL INSTITUTIONS. THESE LOANS INCLUDE: VEHICLE LOANS, HOME MORTGAGES, HELOC LOANS, SIGNATURE LOANS AND CREDIT CARD LOANS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROVIDE FINANCIAL SERVICES TO OUR MEMBERS FOR PARTICIPATING IN THE PRODUCTS AND SERVICES OFFERED TO THE MEMBERSHIP AT COMPETITIVE PRICES AND TERMS. THIS WOULD INCLUDE: SAVINGS ACCOUNTS, CHECKING ACCOUNTS, ATM SERVICES, HOME BANKING SERVICES, BILL PAYMENT SERVICES, NOTARY SERVICES, DEBIT CARD SERVICES, SHARED BRANCHING SERVICES, INSURANCE PRODUCTS RELATED TO THESE SERVICES, AND OTHER INVESTMENT SERVICES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROVIDE CERTIFICATE, CHECKING AND SAVINGS ACCOUNTS TO OUR MEMBERS AT COMPETITIVE RATES AND TERMS. THIS WOULD INCLUDE: SAVINGS ACCOUNTS, CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, IRA SAVINGS ACCOUNTS, ESCROW ACCOUNTS, AND CERTIFICATES OF DEPOSITS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 4966 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 145 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TLSHRYOCK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9516564411 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 23520 CACTUS AVENUE | AddressLine1 |
| City | MORENO VALLEY | City |
| State | CA | State |
| ZIP Code | 92553 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| GEORGE PRICE | |||||||
| CHAIRMAN | 10.00 | X | 0 | 0 | 0 | ||
| BARBARA PURVIS | |||||||
| VICE CHAIRMAN | 5.00 | X | 0 | 0 | 0 | ||
| JONATHAN KLEINER | |||||||
| SECRETARY | 5.00 | X | 0 | 0 | 0 | ||
| NORMAN PERRY | |||||||
| TREASURER | 5.00 | X | 0 | 0 | 0 | ||
| GARY BAUGH | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| PERRY REED | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| JOSEPH CALDERON | |||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| ALAN STRZEMIECZNY | |||||||
| SUPV CMTE CHAIR | 5.00 | X | 0 | 0 | 0 | ||
| ROBIN WETMORE | |||||||
| SUPV CMTE MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| RIX SKONBERG | |||||||
| SUPV CMTE MEMBER | 5.00 | X | 0 | 0 | 0 | ||
| ROBERT CAMERON | |||||||
| PRESIDENT/CEO | 40.00 | 216165 | 0 | 138995 | X | ||
| TOMMIE SHRYOCK | |||||||
| SVP/CFO | 40.00 | 172599 | 0 | 24006 | X | ||
| JANET DUHAIME | |||||||
| SVP/COO | 40.00 | 157681 | 0 | 10627 | X | ||
| RON HELDER | |||||||
| VP IT | 40.00 | 136752 | 0 | 16896 | X | ||
| LESA VONDRACEK | |||||||
| VP HUMAN RESOURCES | 40.00 | 119017 | 0 | 19764 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 802214 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 210288 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PSCU | |||||
| 560 CARILLON PARKWAY | ST PETERSBURG | FL | 33716 | CREDIT CARDS SVCS | 394006 |
| BUSINESS DATA INCORPORATED | |||||
| PO BOX 6081 | INGLEWOOD | CA | 90312 | MAILING HOUSE SVCS | 295648 |
| CO-OP | |||||
| 9692 HAVEN AVE | RANCHO CUCAMONGA | CA | 91730 | ATM/DEBIT CARDS SVCS | 237206 |
| HARLAND BUSINESS SOLUTIONS INC | |||||
| PO BOX 535120 | ATLANTA | GA | 303535120 | IT CONSULTING SERVICES | 219602 |
| EXPERIAN | |||||
| 475 ANTON BLVD | COSTA MESA | CA | 92626 | CREDIT REPORTS | 125210 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS | 522100 | 12210378 | 12210378 | |
| FEE INCOME | 522100 | 4403945 | 4403945 | |
| OTHER OPERATING INCOME | 522100 | 1032722 | 969320 | 63402 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 17647045 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1010601 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1010601 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 2926386 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 2675130 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 251256 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 251256 | TotalRevenueColumn |
| Related Or Exempt Function Income | 251256 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18908902 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18845500 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 63402 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 802214 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4431930 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114967 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 511643 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 410020 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26101 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86118 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 372088 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 409839 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1286517 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 581138 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 983547 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52539 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1340442 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1306254 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 763884 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| ATM EXPENSES | 1008392 |
| PROV. FOR LOAN LOSSES | 1008340 |
| LOAN SERVICING EXPENSES | 983237 |
| MISC OPERATING EXPENSES | 439481 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30668 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16949359 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3028416 | BOY |
| EOY | 3373799 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34149692 | BOY |
| EOY | 29821447 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 361372 | BOY |
| EOY | 323914 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 29949796 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12961776 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18104787 | BOY |
| EOY | 16988020 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4857543 | BOY |
| EOY | 19454830 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291360345 | BOY |
| EOY | 251309967 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10395993 | BOY |
| EOY | 8508513 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 362258148 | BOY |
| EOY | 329780490 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2508747 | BOY |
| EOY | 3824502 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 339809920 | BOY |
| EOY | 304059798 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 342318667 | BOY |
| EOY | 307884300 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19939481 | BOY |
| EOY | 21896190 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19939481 | BOY |
| EOY | 21896190 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 362258148 | BOY |
| EOY | 329780490 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1959543 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2834 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 947801 | OtherCostOrOtherBasis |
| Book Value | 947801 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17848868 | OtherCostOrOtherBasis |
| Depreciation | 4558748 | Depreciation |
| Book Value | 13290120 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3198777 | OtherCostOrOtherBasis |
| Depreciation | 2085583 | Depreciation |
| Book Value | 1113194 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7954350 | OtherCostOrOtherBasis |
| Depreciation | 6317445 | Depreciation |
| Book Value | 1636905 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 16988020 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALL OTHER INVESTMENTS | 1399100 | F |
| NET LOANS AND LEASES | 198961772 | F |
| NCUA SHARE INSURANCE DEPOSIT | 3055535 | F |
| DEPOSITS IN COMMERICAL BANKS | 46777000 | F |
| LOANS HELD FOR SALE | 1116560 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 251309967 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TOTAL SHARES & DEPOSITS | Description |
| Amount | $304,059,798 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 304059798 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE CREDIT UNION ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ON JANUARY 1, 2009. THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS WHICH WOULD REQUIRE AN ADJUSTMENT TO THE JANUARY 1, 2010 BEGINNING BALANCE OF UNDIVIDED EARNINGS. THE CREDIT UNION ALSO HAD NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2011. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT CAMERON | |||||||||||||
| 208676 | 0 | 0 | 0 | 7489 | 0 | 129286 | 0 | 9709 | 0 | 355160 | 0 | 0 | 0 |
| TOMMIE SHRYOCK | |||||||||||||
| 165325 | 0 | 0 | 0 | 7274 | 0 | 5331 | 0 | 18675 | 0 | 196605 | 0 | 0 | 0 |
| JANET DUHAIME | |||||||||||||
| 155155 | 0 | 0 | 0 | 2526 | 0 | 4711 | 0 | 5916 | 0 | 168308 | 0 | 0 | 0 |
| RON HELDER | |||||||||||||
| 131867 | 0 | 0 | 0 | 4885 | 0 | 4188 | 0 | 12708 | 0 | 153648 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | VISTERRA 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. VISTERRA CREDIT UNION DOES NOT HAVE STOCKHOLDERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNING BOARD OF VISTERRA 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 FORM AND RELATED DOCUMENTS WILL BE REVIEWED BY THE CFO, THEN IT WILL BE REVIEWED BY THE CEO, FINALLY IT WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL BEFORE BEING FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER, EMPLOYEE, AND VOLUNTEER HAS THE RESPONSIBILITY TO PROMPTLY REPORT ANY OFFER OR SOLICITATION FROM ANYONE WHO DOES BUSINESS WITH THE CREDIT UNION OF AN ACTIVITY INVOLVING PERSONAL PROFIT, GAIN, OR BENEFIT TO ANY COMPANY EMPLOYEE OR OFFICIAL. EMPLOYEES SHALL REPORT ANY SITUATIONS COVERED BY THE POLICY TO HIS/HER IMMEDIATE SUPERVISOR OR MANAGER. REPORTS RECEIVED BY SUPERVISORS AND MANAGERS WILL BE FORWARDED TO THE PRESIDENT OR HIS DESIGNEE. OFFICIALS SHALL REPORT SITUATIONS COVERED BY THIS POLICY TO THE CHAIRMAN OF THE BOARD OF DIRECTORS. THE PRESIDENT SHALL MAINTAIN A FILE FOR ALL REPORTS OF POTENTIAL OR ACTUAL CONFLICTS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | IT IS THE POLICY OF THE CREDIT UNION TO MAINTAIN A WAGE AND SALARY PROGRAM THAT IS COMPETITIVE WITH THOSE IN OUR INDUSTRY AND IN OUR COMMUNITY. IT IS ALSO OUR DESIRE TO RECOGNIZE THE CONTRIBUTION OF EACH INDIVIDUAL TO THE SUCCESS OF THE ORGANIZATION. THEREFORE, THE CREDIT UNION HAS ESTABLISHED JOB GRADES AND PAY RANGES FOR EACH OF OUR JOB POSITIONS. A PAY RANGE INCLUDES A MINIMUM, 25TH PERCENTILE, 50TH PERCENTILE, 75TH PERCENTILE, AND MAXIMUM WAGE FOR A JOB GRADE. ALL PAY RANGES FOR ALL JOB GRADES ARE HELD IN COMPLETE CONFIDENCE BY THE VICE PRESIDENT OF HUMAN RESOURCES. MANAGEMENT PERSONNEL ARE DISTRIBUTED THE JOB GRADES AND PAY RANGES FOR THEIR AREAS OF RESPONSIBILITY. NEW EMPLOYEES ARE TYPICALLY HIRED AT A PAY RATE THAT FALLS BETWEEN THE MINIMUM AND THE 50TH PERCENTILE FOR THE JOB GRADE. WHEN A CANDIDATE HAS EXTENSIVE AND/OR SPECIALIZED EXPERIENCE, A HIGHER STARTING RATE MAY BE JUSTIFIED. OVER TIME, EMPLOYEES WHO ARE CONSIDERED FULLY QUALIFIED IN THEIR POSITION TYPICALLY RECEIVE A RATE THAT FALLS BETWEEN THE 50TH AND 75TH PERCENTILES. EMPLOYEES WHO ARE RECEIVING A RATE IN EXCESS OF THE 75TH PERCENTILE HAVE DEMONSTRATED A SUSTAINED PERFORMANCE ABOVE A FULLY QUALIFIED LEVEL. JOB GRADES AND PAY RANGES ARE REVIEWD EACH YEAR TO DETERMINE THEIR ADEQUACY AND COMPETITIVENESS FOR BUSINESS CONDITIONS. THE PRESIDENT WILL CONDUCT THE REVIEW BY DECEMBER 31ST FOR THE FOLLOWING YEAR AND SUBMIT MODIFICATIONS, IF ANY, TO THE BOARD OF DIRECTORS FOR APPROVAL. WHEN ADJUSTMENTS TO THE MINIMUM PAY RANGE IN ANY JOB GRADE ARE APPROVED, THE WAGES OF ACTIVE EMPLOYEES EARNING LESS THAN NEW PAY RANGE MINIMUM WILL ALSO BE ADJUSTED AS DIRECTED BY THE PRESIDENT. THE PERFORMANCE APPRAISAL PROCESS AND THE GRANTING OF MERIT INCREASES ARE INTERTWINED. ANNUAL PERFORMANCE REVIEWS ARE CONDUCTED ON OR ABOUT THE EMPLOYEE'S ANNIVERSARY DATE OF HIRE OR MOST RECENT PROMOTION, QUALIFYING TRANSFER, OR DEMOTION. THE OVERALL RATING THAT AN EMPLOYEE RECEIVES DETERMINES THE PERCENTAGE OF HIS/HER MERIT INCREASE. A MERIT INCREASE BECOMES EFFECTIVE ON THE FIRST DAY OF THE PAY PERIOD FOLLOWING AN EMPLOYEE'S PERFORMANCE APPRAISAL REVIEW DATE. EMPLOYEES WHO RECEIVE A RATING OF NEEDS IMPROVEMENT OR UNACCEPTABLE IN ANY INDIVIDUAL AREA RATED OR OVERALL WILL NOT RECEIVE A MERIT INCREASE. EMPLOYEES WHO ARE EARNING AT OR ABOVE THE PAY RANGE MAXIMUM FOR THEIR JOB GRADE WILL NOT BE ELIGIBLE FOR A MERIT INCREASE. IN UNUSUAL CIRCUMSTANCES, THE REVIEW OF AN EMPLOYEE'S CURRENT PAY MAY ALSO RESULT IN THE GRANTING OF A MERIT INCREASE. SHOULD BUSINESS CONDITIONS WARRANT, CHANGES TO THIS POLICY, OR A SUSPENSION OF THE ENTIRE PROGRAM, MAY BE MADE BY MANAGEMENT, AS APPROVED BY THE BOARD OF DIRECTORS, AT ANY TIME. IN THAT EVENT, EMPLOYEES WILL BE NOTIFIED IN AS TIMELY A MANNER AS POSSIBLE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY EACH MONTH AFTER PREPARATION AND HANDED OUT AT THE ANNUAL MEMBERSHIP MEETING. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -2,834. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |