CALIFORNIA CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CALIFORNIA CREDIT UNION (EIN 95-0951410)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-28
- IRS object ID
- 201221809349300712
- 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 | 2012-06-28T11:22:36-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 330526284 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALMICH & ASSOCIATES | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 26463 RANCHO PARKWAY SOUTH | AddressLine1 |
| City | LAKE FOREST | City |
| State | CA | State |
| ZIP Code | 92630 | 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 | 950951410 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CALI | NameControl |
| Phone | 8182915522 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 NORTH BRAND BLVD 7TH FLOOR | AddressLine1 |
| City | GLENDALE | City |
| State | CA | State |
| ZIP Code | 91203 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ZENA PARSON | Name |
| Title | VP CONTROLLER | Title |
| Phone | 8182915522 | Phone |
| Date Signed | 2012-06-28 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES A BERMUDEZ | Name |
| PTIN | P00099878 | PTIN |
| Phone | 9496007550 | 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 | RONALD MCDANIEL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 NORTH BRAND BLVD 7TH FLOOR | AddressLine1 |
| City | GLENDALE | City |
| State | CA | State |
| ZIP Code | 91203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 158850745 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.CALIFORNIACU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 307 | TotalNbrEmployees |
| Total Nbr Volunteers | 14 | TotalNbrVolunteers |
| Total Gross UBI | 1773367 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -229493 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 48825937 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 40156407 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3894292 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5623575 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 16311421 | OtherRevenuePriorYear |
| Other Revenue Current Year | 16365972 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 69031650 | TotalRevenuePriorYear |
| Total Revenue Current Year | 62145954 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 10000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 10000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 22446666 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 21004773 | 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 | 51119116 | OtherExpensePriorYear |
| Other Expenses Current Year | 35953663 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 73575782 | TotalExpensesPriorYear |
| Total Expenses Current Year | 56968436 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -4544132 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5177518 | RevenuesLessExpensesCY |
| Total Assets BOY | 1044937672 | TotalAssetsBOY |
| Total Assets EOY | 1041517517 | TotalAssetsEOY |
| Total Liabilities BOY | 937231341 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 937062959 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 107706331 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 104454558 | NetAssetsOrFundBalancesEOY |
| Mission Description | CALIFORNIA CREDIT UNION IS A NON-PROFIT MUTUAL BENEFIT FINANCIAL COOPERATIVE SERVING ITS MEMBERS WHO SHARE A COMMON BOND WITH HIGH QUALITY, FRIENDLY, FAIR, AND COURTEOUS SERVICES WHILE MAINTAINING LONG-TERM FINANCIAL STABILITY AND SAFEGUARDING ITS MEMBERS' ASSETS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDED DEPOSIT AND LOAN ACCOUNTS TO 69,057 MEMBERS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 1 | 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 | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | 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 | 1 | 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 | 114 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 307 | 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 | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ZENA PARSON VP CONTROLLER | NamePerson |
| Telephone Number | 8182915522 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 NORTH BRAND BLVD 7TH FLOOR | AddressLine1 |
| City | GLENDALE | City |
| State | CA | State |
| ZIP Code | 91203 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JAMES FIGUEROA | ||||||||
| CHAIRMAN, DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| SCOTT J SVONKIN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| WALTON GREEN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARIO FLORIO | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| SURVIVA MENDOZA | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DR FRANCIS NAKANO | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| FREDRIC NIGRO | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| RONALD MCDANIEL | ||||||||
| PRESIDENT, CEO | 40.00 | 487687 | 0 | 28006 | X | |||
| DONALD PISTULKA | ||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 344910 | 0 | 20459 | X | |||
| STEPHEN O'CONNEL | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 292368 | 0 | 40254 | X | |||
| PATRICK CAREY | ||||||||
| CAO & LEGAL COUNSEL | 40.00 | 272653 | 0 | 34298 | X | |||
| JOHN BRETTHAUER | ||||||||
| CHIEF LENDING OFFICER | 40.00 | 242109 | 0 | 32263 | X | |||
| RONALD STRATMAN | ||||||||
| CHIEF MARKETING OFFICER | 40.00 | 173095 | 0 | 30237 | X | |||
| STANLEY CADIENTE | ||||||||
| VP & CHIEF INFORMATION OFFICER | 40.00 | 167175 | 0 | 20473 | X | |||
| ROBER O'GRADY | ||||||||
| SVP RETAIL OPERATIONS | 40.00 | 206066 | 0 | 18766 | X | |||
| JEFFREY BENOUN | ||||||||
| VP REAL ESTATE LENDING | 40.00 | 117406 | 0 | 1985 | X | |||
| PATARICK ZARIFIAN | ||||||||
| VP BUSINESS LENDING | 40.00 | 202037 | 0 | 17296 | X | |||
| WILLIAM BERECZKY | ||||||||
| VP SPECIAL ASSETS COMMERCIAL LENDING | 40.00 | 188944 | 0 | 14788 | X | |||
| NANCY LENIK | ||||||||
| VP BUSINESS DEVELOPMENT OFFICER | 40.00 | 180378 | 0 | 20298 | X | |||
| ZENAIDA PARSON | ||||||||
| VP CONTROLLER | 40.00 | 142805 | 0 | 19586 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3017633 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 298709 | TotalOtherCompensation |
| Number Individuals GT100 K | 31 | 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 |
|---|---|---|---|---|---|
| ALLEN MATKINS | |||||
| 515 S FIGUEROA STREET | LOS ANGELES | CA | 900713398 | LEGAL | 1480679 |
| BLUE SHIELD OF CALIFORNIA | |||||
| CASH RECEIVING FILE 55331 | LOS ANGELES | CA | 90074 | HEALTH INSURANCE | 1343742 |
| FIDELITY NATIONAL INFORMATION SYTEMS | |||||
| PO BOX 18012 | ASHBURN | VA | 20146 | DATA PROCESSING | 935708 |
| MICRODYNAMICS GROUP | |||||
| 3212 PAYSHERE CIRCLE | CHICAGO | IL | 60674 | STATEMENT MAILING | 812843 |
| DIEBOLD INC | |||||
| PO BOX 643543 | PITTSBURGH | PA | 15246 | ATM EQUPIMENT & MAINTENANCE | 537798 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 46 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST INCOME | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 40156407 | TotalRevenueColumn |
| Related Or Exempt Function Income | 40156407 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 40156407 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 633377 | TotalRevenueColumn |
| Exclusion | $633,377 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2687461 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1179625 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1507836 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1507836 | TotalRevenueColumn |
| Exclusion | $1,507,836 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 100515364 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 95525166 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 4990198 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4990198 | TotalRevenueColumn |
| Exclusion | $4,990,198 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| SERVICE FEE INCOME | 522100 | 8387939 | 8143852 | 244087 |
| INTERCHANGE FEES | 522100 | 3995807 | 3995807 | |
| LOAN SERVICE FEES | 522100 | 1717693 | 795063 | 922630 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 756697 | TotalRevenueColumn |
| Related Or Exempt Function Income | 150047 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 606650 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 14858136 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 62145954 | TotalRevenueColumn |
| Related Or Exempt Function Income | 53241176 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1773367 | UnrelatedBusinessRevenue |
| Exclusion | $7,131,411 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10000 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3316342 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12870238 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1550859 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2046435 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1220899 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1215952 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97750 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 808827 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 623767 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5919747 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 925868 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3689301 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200569 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40022 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4685166 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2854991 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 432427 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 6372457 |
| LOAN SERVICING | 2763422 |
| NCUSIF STABILIZATION EX | 2259103 |
| MSR AMORTIZATION | 1456343 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1607951 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56968436 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5321213 | BOY |
| EOY | 4646015 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 163448234 | BOY |
| EOY | 207230537 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61367 | BOY |
| EOY | 352995 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 726604716 | BOY |
| EOY | 608352735 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 876570 | BOY |
| EOY | 734902 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 56267558 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17727695 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9874152 | BOY |
| EOY | 38539863 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93925232 | BOY |
| EOY | 142448176 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7073889 | BOY |
| EOY | 6297893 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37752299 | BOY |
| EOY | 32914401 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1044937672 | BOY |
| EOY | 1041517517 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2341616 | BOY |
| EOY | 2319759 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6535362 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 928354363 | BOY |
| EOY | 934743200 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 937231341 | BOY |
| EOY | 937062959 | 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 | 107706331 | BOY |
| EOY | 104454558 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107706331 | BOY |
| EOY | 104454558 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1044937672 | BOY |
| EOY | 1041517517 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5177518 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -8429291 | ReconcilationOtherChanges |
| 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 18750 | PoliticalExpenditures |
| Amt Expended For527 Activities | 5000 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 13750 | AmtOfInternalFundsContributed |
| Total Exmpt Function Expenditures | 18750 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | 1 | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs
Name Of527 Organization NameOf527Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CCUL-PAC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 K STREET SUITE 1050 | AddressLine1 |
| City | SACRAMENTO | City |
| State | CA | State |
| ZIP Code | 95814 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952329967 | EIN |
| Amt Pd From Internal Funds | 13750 | AmtPdFromInternalFunds |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: | Identifier |
| Return Reference | PART I-A, LINE 1: | ReturnReference |
| Explanation | POLITICAL CONTRIBUTIONS OF $5,000 GIVEN TO INDIVIDUALS RUNNING FOR OFFICE. POLITICAL CONTRIBUTIONS OF $13,750 TO CCUL-POLITICAL ACTION COMMITTEE WHICH SUPPORTS CREDIT UNION ISSUES. | Explanation |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9264374 | OtherCostOrOtherBasis |
| Book Value | 9264374 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 28738668 | OtherCostOrOtherBasis |
| Depreciation | 2492805 | Depreciation |
| Book Value | 26245863 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5220983 | OtherCostOrOtherBasis |
| Depreciation | 4398122 | Depreciation |
| Book Value | 822861 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12573238 | OtherCostOrOtherBasis |
| Depreciation | 10452563 | Depreciation |
| Book Value | 2120675 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 470295 | OtherCostOrOtherBasis |
| Depreciation | 384205 | Depreciation |
| Book Value | 86090 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 38539863 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FEDERAL AGENCY SECURITIES | 141033280 | F |
| MORTGAGE-BACKED AGENCIES | 1414896 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 142448176 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBERS' SHARES | $920,177,186 |
| OTHER LIABILITIES | $14,566,014 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 934743200 | TotalOfAmounts |
| Total Revenue | 62145954 | TotalRevenue |
| Total Expenses | 56968436 | TotalExpenses |
| Excess Or Deficit For Year | 5177518 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -59287 | NetUnrealizedGLOnInvestments |
| Other | -$8,370,004 | OtherAmount |
| Total Adjustments | -8429291 | TotalAdjustments |
| Excess Or Deficit Per FS | -3251773 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 60689612 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 60689612 | RevenueSubtotal |
| Other Revenues Not Included | 1456343 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1456343 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 62145955 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 55512093 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 55512093 | ExpensesSubtotal |
| Other Expenses Not Included | 1456343 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1456343 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 56968436 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | 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 DECEMBER 31, 2011, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY FEDERAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2008 AND BY STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2007. STATE TAXES, IF APPLICABLE, ARE PAID ON INCOME EARNED BY THE CREDIT UNION IN CALIFORNIA. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | PENSION PLAN ADJUSTMENTS -8,370,004. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | MSR AMORTIZATION 1,456,343. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | MSR AMORTIZATION 1,456,343. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | ACADEMIC SCHOLARSHIPS TO CALIFORNIA STUDENTS | TypeOfGrant |
| Number Of Recipients | 10 | NumberOfRecipients |
| Amount Of Cash Grant | 10000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE CREDIT UNION AWARDS SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE IN THE UNITED STATES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| 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 (12 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RONALD MCDANIEL | |||||||||||||
| 455577 | 0 | 0 | 0 | 32110 | 0 | 14047 | 0 | 13959 | 0 | 515693 | 0 | 0 | 0 |
| DONALD PISTULKA | |||||||||||||
| 172991 | 0 | 0 | 0 | 171919 | 0 | 13581 | 0 | 6878 | 0 | 365369 | 0 | 0 | 0 |
| STEPHEN O'CONNEL | |||||||||||||
| 282072 | 0 | 0 | 0 | 10296 | 0 | 13703 | 0 | 26551 | 0 | 332622 | 0 | 0 | 0 |
| PATRICK CAREY | |||||||||||||
| 255213 | 0 | 0 | 0 | 17440 | 0 | 14047 | 0 | 20251 | 0 | 306951 | 0 | 0 | 0 |
| JOHN BRETTHAUER | |||||||||||||
| 223871 | 0 | 0 | 0 | 18238 | 0 | 12348 | 0 | 19915 | 0 | 274372 | 0 | 0 | 0 |
| RONALD STRATMAN | |||||||||||||
| 168155 | 0 | 0 | 0 | 4940 | 0 | 10522 | 0 | 19715 | 0 | 203332 | 0 | 0 | 0 |
| STANLEY CADIENTE | |||||||||||||
| 157727 | 0 | 0 | 0 | 9448 | 0 | 9613 | 0 | 10860 | 0 | 187648 | 0 | 0 | 0 |
| ROBER O'GRADY | |||||||||||||
| 162815 | 0 | 42203 | 0 | 1048 | 0 | 11545 | 0 | 7221 | 0 | 224832 | 0 | 0 | 0 |
| PATARICK ZARIFIAN | |||||||||||||
| 128828 | 0 | 63030 | 0 | 10179 | 0 | 4041 | 0 | 13255 | 0 | 219333 | 0 | 0 | 0 |
| WILLIAM BERECZKY | |||||||||||||
| 187021 | 0 | 0 | 0 | 1923 | 0 | 7380 | 0 | 7408 | 0 | 203732 | 0 | 0 | 0 |
| NANCY LENIK | |||||||||||||
| 111437 | 0 | 67867 | 0 | 1074 | 0 | 7215 | 0 | 13083 | 0 | 200676 | 0 | 0 | 0 |
| ZENAIDA PARSON | |||||||||||||
| 140165 | 0 | 0 | 0 | 2640 | 0 | 8852 | 0 | 10734 | 0 | 162391 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | COMPANION TRAVEL IS REPORTED AS NONEMPLOYEE COMPENSATION ON FORM 1099-MISC ISSUED TO THE COMPANION. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION IS A NOT FOR PROFIT ORGANIZATION MADE UP OF MEMBERS. FIELD OF MEMBERSHIP IS LIMITED TO: (A) ANY EMPLOYEE OF ANY PUBLIC OR PRIVATE CALIFORNIA SCHOOL, COMMUNITY COLLEGE, STATE COLLEGE, UNIVERSITY OR THEIR GOVERNING ORGANIZATIONS (DISTRICTS, REGIONS, ETC.), OR ANY MEMBER OF ANY ORGANIZATION AFFILIATED WITH AND RECOGNIZED BY SAID ENTITIES, AND THEIR SUCCESSOR ORGANIZATIONS; OR (8/23/1995) (B) ANY EMPLOYEE OF SAID ENTITIES WHO HAS BEEN RETIRED UNDER THE LOCAL RETIREMENT PLAN OF SAID ENTITIES, STATE TEACHERS RETIREMENT SYSTEM AND/OR PUBLIC EMPLOYEES RETIREMENT SYSTEM (PERS); OR (C) ANY ORGANIZATION OF CURRENT OR FORMER EMPLOYEES, (RETIRED EDUCATIONAL EMPLOYEES ASSOCIATIONS, ETC.) DULY RECOGNIZED BY THE RELEVANT GOVERNING BODY OF THE EDUCATIONAL ENTITIES, AND ANY REGULAR EMPLOYEE OR MEMBER OF SUCH ORGANIZATIONS; OR (D) ANY REGULAR EMPLOYEE OF THE STUDENT BODY ORGANIZATIONS OF SAID ENTITIES; OR (E) ANY SENIOR YEAR STUDENT PURSUING A TEACHING CERTIFICATE IN A CALIFORNIA COLLEGE OR UNIVERSITY; OR (F) ANY REGULAR EMPLOYEE OF THIS CREDIT UNION; OR (G) ANY FACILITIES MANAGEMENT EMPLOYEE, OR SERVICE ORGANIZATION EMPLOYEE, ASSIGNED TO AND WORKING AT AN OFFICE OF THIS CREDIT UNION, OR (H) ANY TENANTS OR EMPLOYEES OF TENANTS WHO WORK IN PREMISES OWNED BY CALIFORNIA CREDIT UNION. (12/15/1999) (I) PERSONS LIVING IN THE SAME HOUSEHOLD FOR A PERIOD OF NOT LESS THAN SIX (6) MONTHS AND FAMILY MEMBERS RELATED BY BLOOD, MARRIAGE OR ADOPTION, OF A QUALIFIED MEMBER, AND THEIR SPOUSES. (4/22/1998) (J) THE SURVIVING PERSONS LIVING IN THE SAME HOUSEHOLD FOR A PERIOD OF NOT LESS THAN SIX (6) MONTHS AND/OR FAMILY MEMBERS RELATED BY BLOOD, MARRIAGE OR ADOPTION, OF A DECEASED QUALIFIED MEMBER, AND THEIR SPOUSES. (4/22/1998) (K) ANY BUSINESS OWNED AND CONTROLLED BY AN EXISTING MEMBER. (12/15/1999) (L) OTHER CREDIT UNIONS ORGANIZED UNDER EITHER STATE OR FEDERAL LAW APPERTAINING TO CREDIT UNIONS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD PROVIDES NOTICE OF VACANCIES AND THE TERMS OF OFFICE OF THE BOARD AND ANY COMMITTEE REQUIRED TO BE ELECTED BY THE MEMBERS THAT WILL BE OPEN FOR ELECTION AT THE ANNUAL MEETING. MEMBERS ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS AND ANY COMMITTEE. | |
| FORM 990, PART VI, SECTION B, LINE 11 | COMPLETED FORM WAS REVIEWED BY MANAGEMENT AND A COPY WAS PROVIDED TO THE BOARD OF DIRECTORS FOR INFORMATIONAL PURPOSES PRIOR TO SUBMISSION. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THERE ARE REGULAR COMPLIANCE REVIEWS BY THE CREDIT UNION'S COMPLIANCE OFFICER WHICH ADDRESSES COMPLIANCE WITH ALL CREDIT UNION POLICIES. IN ADDITION, REGULATORS AND CPA'S MONITOR COMPLIANCE DURING THEIR PERIODIC AND ANNUAL AUDITS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE VICE PRESIDENT OF HUMAN RESOURCES CONTRACTS EVERY OTHER YEAR WITH EXTERNAL CONSULTING COMPANY, WATSON WYATT AND COMPANY, WHO PROVIDES MARKET SURVEYS ON COMPENSATION FOR KEY OFFICERS. COMPENSATION COMMITTEE REVIEWS AND APPROVES THE RESULTS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS UPON REQUEST BY PROVIDING PAPER OR ELECTRONIC COPIES BY WHICHEVER MEANS REQUESTED. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -59,287. PENSION PLAN ADJUSTMENTS -8,370,004. TOTAL TO FORM 990, PART XI, LINE 5: -8,429,291. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART VIII, LINE 7, STATEMENT OF REVENUE: | 7A GROSS AMOUNT FROM SALES OF ASSETS OTHER THAN INVENTORY $100,515,364 7B LESS: COST OR OTHER BASIS & SALES EXPENSES $95,525,166 7C GAIN OR (LOSS) $ 4,990,198 |