2012-08-13T15:49:27-05:00 2011-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2011-01-01 941031345 EDUCATIONAL EMPLOYEES CREDIT UNION EDUC 5594377731 2222 WEST SHAW AVENUE FRESNO CA 93711 ELIZABETH DOOLEY 5594377731 2012-08-07 1 P01054153 8189549700 2011 2016-02-24 21:20:13Z ELIZABETH DOOLEY 2222 WEST SHAW AVENUE FRESNO CA 93711 104064617 0 X WWW.MYEECU.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 422 15 618969 -401998 0 0 77950346 71700607 25703125 25727076 0 0 103653471 97427683 252261 362028 0 0 22428022 23003011 0 0 0 63800492 53780230 86480775 77145269 17172696 20282414 1852384835 1902934649 1680647034 1698740658 171737801 204193991 X EDUCATIONAL EMPLOYEES 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, EDUCATIONAL EMPLOYEES CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH CONSUMER LOANS FROM A BROAD ARRAY OF PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, CREDIT CARDS AND PERSONAL LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING A HIGH-YIELD CHECKING ACCOUNT PRODUCT AND A PREMIUM-RATE TIERED SAVINGS PRODUCT. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 43823 0 1 422 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X ELENA MARTIN 5594377733 2222 WEST SHAW AVENUE FRESNO CA 93711 FRANK V POWELL 4.00 X 186 0 0 BARBARA THOMAS 4.00 X 186 0 0 RICK BROWNING 2.00 X 186 0 0 ENRIQUE GUZMAN 2.00 X 186 0 0 CLEO BAUER-PAPAGNI 2.00 X 186 0 0 PAUL HOKOKIAN 2.00 X 186 0 0 CAROL MUNSHOWER 2.00 X 186 0 0 DAVID A ROBERTS 2.00 X 186 0 0 DEREK SCHARTON 2.00 X 186 0 0 DEAN CLARK 2.00 X 186 0 0 WILLIE CLARK 2.00 X 0 0 0 WALTER A FRANZELL 2.00 X 0 0 0 TOM BORCHARDT 2.00 X 0 0 0 STEPHEN CORL 2.00 X 0 0 0 DAREL MEHRTEN 2.00 X 0 0 0 ELIZABETH DOOLEY 60.00 X 505675 0 54856 BEVERLY RYAN 50.00 X 194113 0 12287 DENDA MATTHEWS 50.00 X 212869 0 20411 MARK PEREZ 50.00 X 190256 0 25359 BRADLEY TOWERS 40.00 X 226741 0 21122 THOMAS GRAY 50.00 X 176078 0 30422 DICK ASHJIAN 50.00 X 167659 0 31026 JULIE MATTERN 50.00 X 158367 0 18445 ELENA MARTIN 50.00 X 150625 0 12029 1984243 0 225957 13 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILON PARKWAY ST PETERSBURG FL 33719 VISA PROCESSOR 4002087 CATALYST (FORMERLY THIELEN IDEACORP) 970 VAN NESS AVENUE FRESNO CA 93721 MARKETING 1661511 DATA STATEMENT INC 23123 ALICIA PKWY SUITE 200 MISSION VIEJO CA 92692 STATEMENT MAILING 1234102 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 ATM EQUIPMENT AND MAINTENANCE 1179090 FISERV 75 REMITTANCE DR STE 696 CHICAGO IL 60675 CORE HARDWARE/SOFTWARE SYSTEM 1036784 26 INTEREST ON LOANS 522100 48459076 48459076 OTHER OPERATING INCOME 522100 12710370 12448257 262113 FEE INCOME 522100 10531161 10174305 356856 71700607 25644463 25644463 5043063 1676484 4948191 1688743 94872 -12259 82613 82613 97427683 96808714 618969 0 242028 120000 1984242 14476865 1267422 3909605 1364877 98564 354494 2346273 3695596 5076830 1613334 2167959 369440 10949216 1899618 4117109 PROV. FOR LOAN LOSSES 15116059 LOAN SERVICING EXPENSE 5452796 MISC OPERATING EXPENSE 522942 77145269 15781628 13010260 50046399 121877628 1086815 1560500 2977582 3414709 39472086 26007715 14568634 13464371 898148220 940300775 827348356 764989943 42427201 44316463 1852384835 1902934649 12463746 15982260 1668183288 1682758398 1680647034 1698740658 X 0 0 0 0 171737801 204193991 171737801 204193991 1852384835 1902934649 X 20282414 12173776 X X 0 1 1 X 0 3000 1 FRIENDS OF DEBBIE POOCHIGIAN PO BOX 8446 FRESNO CA 93747 262098841 3000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: EDUCATIONAL EMPLOYEES CREDIT UNION CONTRIBUTED TO DEBBIE POOCHIGIAN'S CAMPAIGN TO BE ELECTED FRESNO COUNTY SUPERVISOR. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. FRIENDS OF DEBBIE POOCHIGIAN AMOUNT OF CONTRIBUTION: $3,000 P.O. BOX 8446 FRESNO, CA 93747 4328636 4328636 8433290 3424396 5008894 9913859 7644959 2268900 16796301 14938360 1857941 13464371 ALL OTHER INVESTMENTS IN CORPORATE CUS 2000000 F ALL OTHER INVESTMENTS 835586 F LOANS AND LEASES 745685922 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 16468435 F 764989943 TOTAL SHARES AND DEPOSITS 1682758398 1682758398 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FASB ASC TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED, AND PRESENTED IN THE CONSOLIDATED 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 YEARS ENDED DECEMBER 31, 2011 AND 2010, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 CSU FRESNO FOUNDATION 4910 N CHESTNUT FRESNO CA 93726 946003272 501(C)(3) 26000 FMV PROMOTE EDUCATION OF TEACHERS WEST HILLS COMMUNITY COLLEGE FOUNDATION 9900 CODY AVENUE COALINGA CA 93210 770186793 501(C)(3) 20500 FMV SUPPORT VARIOUS COLLEGE PROGRAMS FRESNO HISTORICAL SOCIETY 7160 W KEARNEY AVE FRESNO CA 93706 941531568 501(C)(3) 16000 FMV PROMOTION OF HISTORY FOUNDATION FOR CLOVIS SCHOOLS 1450 HERNDON AVENUE CLOVIS CA 93611 770140576 501(C)(3) 15000 FMV SUPPORT PROGRAMS OF CLOVIS SCHOOLS SAN JOAQUIN VALLEY TOWN HALL PO BOX 5149 FRESNO CA 93755 941210921 501(C)(3) 12500 FMV EDUCATION STATE CENTER COMMUNITY COLLEGE FOUNDATION 1525 E WELDON AVENUE FRESNO CA 93704 770190269 501(C)(3) 12000 FMV ENHANCE THE QUALITY OF COMMUNITY COLLEGE EDUCATION AMERICAN CANCER SOCIETY - FRESNO 2222 W SHAW AVE FRESNO CA 937113204 941170350 501(C)(3) 7695 FMV TREATMENT AND PREVENTION OF CANCER VALLEY PUBLIC TELEVISION 1544 VAN NESS AVE FRESNO CA 93721 770162617 501(C)(3) 10000 FMV PUBLIC TELEVISION BUCHANAN HIGH SCHOOL ROBOTICS 1560 N MINNEWAWA CLOVIS CA 93619 942840774 501(C)(3) 9500 FMV SUPPORT ROBOTICS LEARNING CHILDREN'S MUSICAL THEATERWORKS 2425 FRESNO ST SUITE 102 FRESNO CA 93721 770289924 501(C)(3) 9000 FMV EDUCATION AMERICAN RED CROSS 2002 N FINE AVENUE FRESNO CA 93727 942240541 501(C)(3) 7500 FMV LOCAL ASSISTANCE WITH DISASTERS MERCED COLLEGE FOUNDATION 3600 M STREET MERCED CA 95348 770362218 501(C)(3) 8660 FMV SUPPORT FOR MERCED COLLEGE PROGRAMS CENTRAL HIGH GRIZZLY BAND 4605 N POLK FRESNO CA 93722 770559747 501(C)(3) 7500 FMV SUPPORT CENTRAL HIGH SCHOOL PROGRAMS FOUNDATION FOR CENTRAL SCHOOLS 4605 N POLK FRESNO CA 93722 562316616 501(C)(3) 7004 FMV SUPPORT CENTRAL UNIFIED SCHOOL PROGRAMS VALLEY CRIME STOPPERS 7576 N INGRAM FRESNO CA 93711 770329094 501(C)(3) 6800 FMV CRIME PREVENTION FRESNO UNIFIED SCHOOL DISTRICT 2309 TULARE STREET FRESNO CA 93721 946002206 501(C)(3) 6500 FMV SUPPORT FRESNO COUNTY EDUCATION UC REGENTS 5200 LAKE ST MERCED CA 95343 270093858 501(C)(3) 6500 FMV PROMOTION OF UC MERCED CAMPUS PROGRAMS CALIFORNIA OPERA 41885 YOSEMITE PINES DR OAKHURST CA 93644 263671215 501(C)(3) 5000 FMV PROMOTION OF OPERA EYE Q CALIFORNIA CLASSIC 7075 N SHARON AVENUE FRESNO CA 93710 245342910 501(C)(3) 5000 FMV PROMOTION OF HEALTH AND WELLNESS FCOE 1111 VAN NESS AVE FRESNO CA 93721 946002210 501(C)(3) 5000 FMV SUPPORT EDUCATION FPOA 954 N VAN NESS AVE FRESNO CA 93728 941616726 501(C)(3) 5000 FMV SUPPORT POLICE ACTIVITIES MARJOREE MASON CENTER 1600 M STREET FRESNO CA 93721 941156639 501(C)(3) 5000 FMV SUPPORT FOR HOMELESS AND/OR BATTERED WOMEN AND CHILDREN TWO CITIES MARATHON 7 RIVER PARK PLACE FRESNO CA 93720 770501783 501(C)(3) 5000 FMV PROMOTE LONG DISTANCE RUNNING AND HEALTH AND WELLNESS EDUCATION EDUCATIONAL GRANTS 60 120000 SCHEDULE 1, PART 1, LINE 2: ALL RECIPIENTS MUST APPLY FOR THE SCHOLARSHIPS. ONCE AWARDED, STUDENTS MUST PROVIDE PROOF OF ENROLLMENT BEFORE GRANT FUNDS ARE PAID. X 1 1 X X X X 0 0 0 ELIZABETH DOOLEY 435969 0 66272 0 3434 0 31200 0 23656 0 560531 0 0 0 BEVERLY RYAN 186136 0 7500 0 477 0 11651 0 636 0 206400 0 0 0 DENDA MATTHEWS 204849 0 7500 0 520 0 12910 0 7501 0 233280 0 0 0 MARK PEREZ 182279 0 7500 0 477 0 11651 0 13708 0 215615 0 0 0 BRADLEY TOWERS 44719 0 181827 0 195 0 13727 0 7395 0 247863 0 0 0 THOMAS GRAY 168101 0 7500 0 477 0 10884 0 19538 0 206500 0 0 0 DICK ASHJIAN 159715 0 7500 0 444 0 10416 0 20610 0 198685 0 0 0 JULIE MATTERN 150418 0 7500 0 449 0 9685 0 8760 0 176812 0 0 0 ELENA MARTIN 142717 0 7500 0 408 0 9169 0 2860 0 162654 0 0 0 DENDA MATTHEWS PLATINUM VISA X 32500 31139 0 1 1 DENDA MATTHEWS VEHICLE X 45835 25642 0 1 1 DENDA MATTHEWS HELOC X 72000 68158 0 1 1 MARK PEREZ PLATINUM VISA X 35000 34819 0 1 1 MARK PEREZ VEHICLE X 40276 0 0 1 1 BEVERLY RYAN PLATINUM VISA X 35000 1805 0 1 1 BEVERLY RYAN 1ST T/D X 335250 314515 0 1 1 THOMAS GRAY PLATINUM VISA X 32500 29090 0 1 1 THOMAS GRAY 1ST T/D X 247000 110760 0 1 1 ELENA MARTIN PLATINUM VISA X 25000 2135 0 1 1 ELENA MARTIN RV/TRAILER X 15000 1194 0 1 1 ELENA MARTIN VEHICLE X 30000 5995 0 1 1 ELENA MARTIN HELOC X 95000 20631 0 1 1 ELIZABETH DOOLEY 1ST T/D X 417000 373458 0 1 1 ELIZABETH DOOLEY PLATINUM VISA X 35000 2809 0 1 1 JULIE MATTERN PLATINUM VISA X 20500 20102 0 1 1 JULIE MATTERN GOLD VISA X 20500 19929 0 1 1 JULIE MATTERN VEHICLE X 22947 6965 0 1 1 JULIE MATTERN HOME RUN (R/E) X 50000 3470 0 1 1 JULIE MATTERN 1ST T/D X 170000 109140 0 1 1 JULIE MATTERN LOC X 20000 19766 0 1 1 JULIE MATTERN 1ST T/D VACATION X 116000 65980 0 1 1 JULIE MATTERN HELOC X 50000 35688 0 1 1 JULIE MATTERN HELOC VACATION X 50000 49493 0 1 1 MARK PEREZ GOLD VISA X 25000 11884 0 1 1 MARK PEREZ OD X 1000 675 0 1 1 THOMAS GRAY HELOC X 189000 187346 0 1 1 THOMAS GRAY OD X 5000 0 0 1 1 DICK ASHJIAN PLATINUM VISA X 25000 2426 0 1 1 ELENA MARTIN VEHICLE X 11746 5486 0 1 1 1560500 MEGAN ASHJIAN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE EDUCATION - $2,000 JESSICA MARTIN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE EDUCATION - $2,000 DANIEL MARTIN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE EDUCATION - $2,000 CADEN GRAY DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE EDUCATION - $2,000 FORM 990, PART VI, SECTION A, LINE 6 EDUCATIONAL EMPLOYEES 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. EDUCATIONAL EMPLOYEES CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF THE 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 RETURN IS REVIEWED BY THE CONTROLLER, CFO AND CEO. ADDITIONALLY THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND EMPLOYEES MUST ANNUALLY ATTEND A CODE OF CONDUCT TRAINING PRESENTATION WHICH INCLUDES CONFLICT OF INTEREST PROVISIONS. THEIR REQUIRED ATTENDANCE IS EVIDENCED THROUGH A SIGNED ACKNOWLEDGEMENT. IN ADDITION, ALL PROSPECTIVE DIRECTORS SIGN AN ADDITIONAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HIRES AN INDEPENDENT OUTSIDE FIRM THAT SPECIALIZES IN THIS AREA FOR BOTH THE ANNUAL REVIEW AND SALARY STRUCTURE FOR THE CEO. IN ADDITION THE CREDIT UNION USES THE RESULTS OF SEVERAL SURVEYS IN SETTING THE CEO'S COMPENSATION. FOR THE SVP'S AND ALL OTHER KEY EMPLOYEES SURVEYS ARE CONSULTED WHICH SUPPORT SALARY LEVELS AND DUTIES. ALL EMPLOYEES RECEIVE ANNUAL REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN GOVERNING DOCUMENTS AND POLICIES MAY BE MADE AVAILABLE BY WRITTEN REQUEST THROUGH THE CREDIT UNION'S BOARD APPROVED RECORDS INSPECTION POLICY. FINANCIAL STATEMENTS ARE POSTED AND AVAILABLE TO THE PUBLIC AT EACH CREDIT UNION BRANCH OFFICE ON A MONTHLY BASIS. IN ADDITION, AN ANNUAL REPORT IS MADE AVAILABLE AT THE CREDIT UNION'S ANNUAL MEETING OF MEMBERS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN OTHER COMPREHENSIVE INCOME 338,745. CHANGE IN ACCUM. UNREALIZED GAIN/LOSS 11,835,031. TOTAL TO FORM 990, PART XI, LINE 5: 12,173,776. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. EDUCATORS FINANCIAL & INSURANCE SERVICES 2222 W SHAW AVENUE FRESNO CA 93711 770244291 DORMANT CORPORATION NOT CURRENTLY CONDUCTING BUSINESS CA EDUCATIONAL EMPLOYEES CREDIT UNION C 5000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0