2012-11-15T09:11:13-06:00 2011-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2011-01-01 953442691 PREMIER AMERICA CREDIT UNION PREM 8187724021 19867 PRAIRIE STREET CHATSWORTH CA 91311 BRAD CUNNINGHAM 8187724021 2012-11-19 1 GERALD B KISSELL P00092658 6123324300 2011 2016-02-24 21:20:13Z JOHN MERLO 19867 PRAIRIE STREET CHATSWORTH CA 91311 56293961 0 1526 X WWW.PREMIER.ORG X 1957 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST ITS MEMBERS. 9 8 266 5 440358 -83148 0 0 61877013 53443849 2956750 2146451 417219 384914 65250982 55975214 0 0 10442601 7897052 14425866 16686832 0 0 0 37508031 24866548 62376498 49450432 2874484 6524782 1300705890 1314991753 1188235673 1195837813 112470217 119153940 X A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST 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, PREMIER AMERICA 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. 0 0 THE ORGANIZATION SUCCESSFULLY INCREASED AND ACHIEVED TARGET DEPOSIT BALANCES, ENCOURAGING AND PROMOTING SAVINGS BY MEMBERS. THE ORGANIZATION MET MORTGAGE NEEDS OF FIRST TIME HOME BUYERS AT REASONABLY LOW INTEREST RATES BY BECOMING A FNMA MORTGAGE LOAN SELLER AND SERVICER. PROVIDED EDUCATIONAL INFORMATION ON DEPOSIT AND LOAN PRODUCTS AS WELL AS CU PRODUCTS SUCH AS HOMEBANKING AND BILL PAY. 0 0 1 0 0 0 0 0 0 1 0 0 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 0 1 1 0 0 1 50242 0 266 1 1 1 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X LINDA MARQUEZ 8187724021 19867 PRAIRIE STREET CHATSWORTH CA 91311 JOHN M MERLO 1.00 X X 546881 0 639534 JOHN DE VERE 1.00 X X 0 0 0 NORMAN L ROBERTS 1.00 X X 0 0 0 ERIC GOLDNER 1.00 X X 0 0 0 LARRY COLSON 1.00 X 748 0 0 ROGER LUBIG 1.00 X 711 0 0 JAMES ANDERSEN 1.00 X 0 0 0 LAWRENCE S HOKE 1.00 X 0 0 0 NANCY CHANDLER 1.00 X 0 0 0 W BRAD CUNNINGHAM 40.00 X 254714 0 31659 MARJORIE MCNAUGHT 40.00 X 354847 0 396010 LIZBETH CONDERCURI 40.00 X 2045936 0 18531 SANA SALEH 40.00 X 238214 0 10017 DONNA MCNEELY 40.00 X 222204 0 32063 JAMES RITTER 40.00 X 198665 0 11979 KELLY KAREN 40.00 X 190965 0 16344 BILL LORTZ 40.00 X 150319 0 9481 JESUS LOPEZ 40.00 X 215953 0 16026 MICHELE JAMES 40.00 X 122179 0 5062 4542336 0 1186706 15 0 1 0 DIGITAL INSIGHT AN INTUIT COMPANY 26025 MUREAU RD CALABASAS CA 91302 HOME BANKING SERVICE PROVIDER 747092 ANTHEM BLUE CROSS DEPARTMENT 5812 LOS ANGELES CA 900745812 EMPLOYEE HEALTH PLAN 710550 KAISER FOUNDATION HEALTH PLAN INC PO BOX 80204 WORLDWAY POSTAL CENTER LOS ANGELES CA 90080 EMPLOYEE HEALTH PLAN 557608 FINANCIAL STATEMENT SERVICES INC PO BOX 80095 CITY OF INDUSTRY CA 917138095 ACCOUNT STATEMENT PRINTING/MAILING 368042 FIDELITY NATIONAL INFORMATION SERVICES 601 S LAKE DESTINY RD STE 300 MAITLAND FL 32751 CORE SYSTEM MAINTENANCE & SUPPORT 360234 23 INCOME FROM MEMBER LOA 522100 45781902 45781902 SERVICE CHARGES & OTHE 522100 3524768 3084410 440358 INTERCHANGE INCOME 522100 2408292 2408292 INVESTMENT BROKERAGE C 523000 1373571 1373571 OTHER NON-INTEREST INC 522100 355316 355316 53443849 1599969 1599969 703661 318747 384914 384914 384914 546482 0 546482 546482 546482 55975214 53003491 440358 2531365 7897052 3868079 9634877 279421 1930312 974143 440811 166834 197014 566092 4011535 2222262 91264 1108454 40179 3000 211480 5795681 511365 168272 PROVISION FOR LOAN LOSS 4800000 NCUA CORPORATE STABILIZ 2537577 LOAN SERVICING EXPENSE 1652494 MISCELLANEOUS OPERATING 342234 49450432 308904023 408372470 4143397 3860292 816609682 728824972 27063813 11486360 16386734 15577453 116351661 125978415 8865369 7428489 1254878 1229600 28190146 23720062 1300705890 1314991753 15114514 14965683 150000000 95000000 1023121159 1085872130 1188235673 1195837813 X 0 0 0 0 112470217 119153940 112470217 119153940 1300705890 1314991753 X 6524782 158941 X 0 1 1 X 0 12318 0 12318 12318 1 RE-ELECT TONY STRICKLAND FOR SENATE 2012 515 S FIGUEROA ST 16TH FLOOR LOS ANGELES CA 90071 131456200 2500 CALIFORNIA & NEVADA CREDIT UNION LEAGUE PO BOX 51476 ONTARIO CA 917610076 942329967 9318 PADILLA FOR SENATE 2012 OFFICEHOLDER ACCOUNT 1005 12TH ST SUITE H SACRAMENTO CA 95814 131922400 500 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE CREDIT UNION MAKES CONTRIBUTIONS TO SUPPORT CANDIDATES OR POLITICAL ACTION COMMITTEES PROMOTING CREDIT UNION CAUSES. 3731592 3731592 13081301 5061623 8019678 2728632 2498531 230101 7522288 3926206 3596082 15577453 MEMBERS' SHARES 1081698428 OTHER LIABILITIES 4173702 1085872130 55975214 49450432 6524782 196705 -37764 158941 6683723 55937450 -37764 -37764 55975214 0 55975214 49450432 0 49450432 0 49450432 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF AND FOR THE TAX YEAR ENDED DECEMBER 31, 2011, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS IN VALUE OF INSURANCE & ANNUITY POLICIES -37,764. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS IN VALUE OF INSURANCE & ANNUITY POLICIES -37,764. X X 1 1 X X X X 0 1 0 JOHN M MERLO 546210 0 0 0 671 0 593552 0 45982 0 1186415 0 0 0 W BRAD CUNNINGHAM 254714 0 0 0 0 0 24337 0 7322 0 286373 0 0 0 MARJORIE MCNAUGHT 354847 0 0 0 0 0 350028 0 45982 0 750857 0 0 0 LIZBETH CONDERCURI 227326 0 0 0 1818610 0 6716 0 11815 0 2064467 0 1068993 0 SANA SALEH 238214 0 0 0 0 0 9650 0 367 0 248231 0 0 0 DONNA MCNEELY 222204 0 0 0 0 0 24741 0 7322 0 254267 0 0 0 JAMES RITTER 145537 0 53128 0 0 0 0 0 11979 0 210644 0 0 0 KELLY KAREN 36000 0 0 0 154965 0 7710 0 8634 0 207309 0 0 0 BILL LORTZ 150319 0 0 0 0 0 2129 0 7352 0 159800 0 0 0 JESUS LOPEZ 36000 0 0 0 179953 0 6578 0 9448 0 231979 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - THE CREDIT UNION WILL PAY FOR THE SPOUSE OR COMPANION'S PLANE FARE FOR OUT OF TOWN OFFICIAL TRAVELS (CONFERENCES), HOTEL ACCOMMODATIONS (SHARED ROOM) AND MEALS. A 1099-MISC IS FILED WHEN THE TOTAL EXPENSES INCURRED FOR THE COMPANION REACHES THE REPORTABLE AMOUNT. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - THE CREDIT UNION GROSSES UP FOR TAX ON CERTAIN NON-CASH BENEFITS REPORTED IN THE RECIPIENT'S W-2. PART I, LINE 4B LIZBETH CONDERCURI RECEIVED A SERP (NON-QUALIFIED RETIREMENT PLAN) DISTRIBUTION IN THE AMOUNT OF $1,818,610. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. 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 THE DRAFT FORM 990 PREPARED BY THE TAX ACCOUNTANT IS REVIEWED BY SENIOR MANAGEMENT IN THE FOLLOWING ORDER: VP/CONTROLLER, SVP/CFO, SVP/HRD, PRESIDENT/CEO AND FINALLY, THE BOARD. QUESTIONS, COMMENTS, AND CORRECTIONS ARE ADDRESSED AT EACH STAGE OF THE REVIEW BEFORE THE FINAL REPORT IS FILED BY THE TAX PREPARER FOR THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONTAINED IN THE CODE OF RESPONSIBILITY AND ETHICS THAT EACH EMPLOYEE IS REQUIRED, ANNUALLY, TO ACKNOWLEDGE. VIA WRITTEN POLICY, ALL EMPLOYEES AND OFFICIALS ARE MADE AWARE OF THE CREDIT UNION'S COMPLIANCE REQUIREMENTS INCLUDING, BUT NOT LIMITED TO, THE CONFLICTS OF INTEREST POLICY. STANDARD CREDIT UNION PROCEDURES AND REQUIREMENTS ARE CONSISTENTLY APPLIED TO ANY BUSINESS TRANSACTION BY DIRECTORS, OFFICERS, AND EMPLOYEES. IF A DECISION IS REQUIRED REGARDING A BUSINESS TRANSACTION THAT COULD POTENTIALLY RISE TO A PERCEPTION OF A CONFLICT OF INTEREST, THE INVOLVED PARTY WILL RECUSE HIM OR HERSELF FROM DISCUSSION AND REVIEW OF THE TRANSACTION. TRANSACTIONS INVOLVING INDIVIDUAL ACCOUNTS ARE MONITORED BY THE INTERNAL AUDITOR ON A REGULAR BASIS. FORM 990, PART VI, SECTION B, LINE 15 EXTENSIVE ANNUAL SURVEYS ARE CONDUCTED FOR KEY POSITIONS IN THE CREDIT UNION INCLUDING, BUT NOT LIMITED TO, TOP MANAGEMENT AND KEY EMPLOYEES. THESE SURVEYS ARE PROVIDED BY PROFESSIONAL COMPENSATION ANALYSTS WHO WORK DIRECTLY WITH DATA WITHIN THE FINANCIAL INDUSTRY FIELD. THESE SURVEYS PROVIDE TOTAL COMPENSATION INFORMATION THAT RANGES FROM BROAD MACRO ISSUES TO SPECIFIC ELEMENTS OF TOTAL COMPENSATION STRUCTURES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED MONTHLY IN ALL BRANCHES. THE ANNUAL REPORT IS AVAILABLE AT THE CREDIT UNION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 196,705. LOSS IN VALUE OF INSURANCE & ANNUITY POLICIES -37,764. TOTAL TO FORM 990, PART XI, LINE 5: 158,941. PREMIER FINANCIAL SERVICES INC PO BOX 2178 CHATSWORTH CA 91313 954391970 SALE OF INVESTMENT & INSURANCE PRODUCTS CA PREMIER AMERICA CREDIT UNION C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0