2012-11-12T13:25:34-06:00 2011-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2011-01-01 951790568 VENTURA COUNTY CREDIT UNION VENT 8054774024 PO BOX 6920 VENTURA CA 930066920 JOSEPH SCHROEDER 8054774024 2012-11-06 1 P01054153 8189549700 2011 2016-02-24 21:20:13Z JOSEPH SCHROEDER PO BOX 6920 VENTURA CA 930066920 28648945 0 X WWW.VCCUONLINE.NET X CREDIT UNION 1950 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 140 15 131679 -43170 0 0 23133788 22836241 4826586 5129612 110036 374029 28070410 28339882 0 30467 0 0 7153959 7535758 0 0 0 15713222 15738078 22867181 23304303 5203229 5035579 509461923 566918161 468369343 520261041 41092580 46657120 X VENTURA COUNTY 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, VENTURA COUNTY 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 ACHIEVEMENT OF EXCELLENT SERVICE PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS AND GRANTING MORTGAGE LOANS. (FHA/VA PRODUCT LINE COMPLETE AND FANNIE MAE APPROVED) LAUNCHED FINANCIAL SERVICE PRODUCTS TO ITS MEMBERSHIP IN 2011 AND ENDED THE YEAR WITH $8 MILLION IN ASSETS UNDER MANAGEMENT. CHOSEN BY "VC STAR" AND "VC REPORTER" AS VENTURA COUNTY'S BEST/FAVORITE FINANCIAL INSTITUTION. ACHIEVED 6,400 NEW MEMBERSHIP THROUGHOUT 2011, OF WHICH 2,400 OPENED ACCOUNTS DURING THE 4TH QUARTER OF 2011 THROUGH BANK TRANSFER DAY. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12497 0 1 140 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 LINDA SIM CFO 8054774024 6026 TELEPHONE ROAD VENTURA CA 93006 ROXANNE OSTREM 5.00 X 0 0 0 MONIQUE NOWLIN 5.00 X 0 0 0 SUE TATANGELO 3.30 X 0 0 0 BRENDA MORRIS 3.30 X 0 0 0 ROBERT JEFFREYS 3.30 X 0 0 0 GLENDA MCGILL 3.30 X 0 0 0 PHILIP BOHAN 2.50 X 0 0 0 AL DUFF 2.50 X 0 0 0 WILLIAM FRANK 2.50 X 0 0 0 PAT MADDEN 1.80 X 0 0 0 SUSAN CRAIG 2.00 X 0 0 0 JEFF LANDIS 1.30 X 0 0 0 SANDRA CARLSEN 1.30 X 0 0 0 DANIELLE BRINKMAN 1.30 X 0 0 0 WENDY VICKERS 1.30 X 0 0 0 JOSEPH SCHROEDER 45.00 X 376106 0 299892 LINDA SIM 45.00 X 123456 0 29642 LINDA ROSSI 45.00 X 98625 0 7837 GAVIN BRADLEY 45.00 X 133931 0 31259 BERT HERRERA 45.00 X 116536 0 20443 JACKIE BENOUN 45.00 X 122042 0 30680 ELIZABETH CARR 45.00 X 87834 0 9893 GREGORY UTTAL 45.00 X 92560 0 10200 GINO DE MAURO 45.00 X 83985 0 19836 1235075 0 459682 5 0 1 0 S1 CORPORATION 8501 FALLBROOK AVE SUITE 800 WEST HILLS CA 91304 HOME BANKING PROVIDER 489699 BDI-BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 STATEMENT 385104 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 PO BOX 807 MONETT MO 657088215 INFORMATION PROCESSING SOLUTIONS 290011 FTSI 406 E HUNTINGTON DRIVE SUITE 100 MONROVIA CA 91016 ATM MAINTENANCE & SERVICE 264257 AUBREY AND ASSOCIATES INC 225 SOUTH HARBOR BLVD ANAHEIM CA 92805 MARKETING VENDOR 259372 9 INTEREST ON LOANS 522100 15239774 15239774 FEE INCOME 522100 4314801 4314801 OTHER OPERATING INCOME 522100 3281666 3149987 131679 22836241 5141675 5141675 297000 309063 -12063 -12063 -12063 OTHER NON-OPERATING IN 522100 374029 374029 374029 28339882 28208203 131679 0 30467 1235075 4778468 429412 630444 462359 39812 168025 220748 715406 3914007 738066 806256 150568 2900303 1247318 1203253 PROV FOR LOAN LOSSES 2463211 LOAN SERVICING EXPENSE 726381 MISC OPERATING EXPENSE 399908 OPERATING FEES 44816 23304303 4318505 4270026 16335176 67928845 1311896 1285432 750666 616603 32182260 10080143 22333578 22102117 83576328 76361686 370055845 383752846 173980 152509 10605949 10448097 509461923 566918161 2516562 4370576 465852781 515890465 468369343 520261041 X 0 0 0 0 41092580 46657120 41092580 46657120 509461923 566918161 X 5035579 528961 X X 0 1 1 X 0 1200 1200 1200 1 CCUL - PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 940357265 1000 JEFF GORELL FOR STATE ASSEMBLY 2219 E THOUSAND OAKS BLVD SUITE 2 THOUSAND OAKS CA 91362 200 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: VENTURA COUNTY CREDIT UNION CONTRIBUTED TO JEFF GORELL'S CAMPAIGN TO BE ELECTED TO THE STATE ASSEMBLY. THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR THIS ORGANIZATION. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. JEFF GORELL FOR STATE ASSEMBLY AMOUNT OF CONTRIBUTION: $200 2219 E. THOUSAND OAKS BOULEVARD, SUITE 209 THOUSAND OAKS, CA 91362 7442872 7442872 16801756 4289398 12512358 1392586 771265 621321 6545046 5019480 1525566 22102117 ALL OTHER INVESTMENTS 3053200 F LOANS AND LEASES 252870301 F NCUA SHARE INSURANCE CAP DEPOSIT 4813013 F HELD TO MATURITY SECURITIES 123016332 F 383752846 DIVIDENDS PAYABLE 166676 TOTAL SHARES AND DEPOSITS 515723789 515890465 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 JUNE 30, 2011, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL AND STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2006. FOR THE YEAR ENDED JUNE 30, 2011, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. 0 WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 537054493 396093210 501(C)(3) 5000 FMV ASSIST COMMUNITIES DURING AND AFTER CONFLICTS AND DISASTERS X X X 0 1 0 JOSEPH SCHROEDER 301804 0 71250 0 3052 0 275185 0 24707 0 675998 0 0 0 LINDA SIM 123267 0 0 0 189 0 6039 0 23603 0 153098 0 0 0 GAVIN BRADLEY 133742 0 0 0 189 0 6552 0 24707 0 165190 0 0 0 JACKIE BENOUN 121907 0 0 0 135 0 5973 0 24707 0 152722 0 0 0 BETH CARR HOME LOAN X 415000 382160 0 1 1 LINDA SIM HOME LOAN X 332000 323027 0 1 1 JOSEPH SCHROEDER HOME LOAN X 595000 580245 0 1 1 1285432 FORM 990, PART VI, SECTION A, LINE 6 VENTURA COUNTY 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. VENTURA COUNTY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF VENTURA COUNTY 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 ADVANCED MONTHLY BOARD PACKAGES, INCLUDING FINANCIAL STATEMENTS AND OTHER RELEVANT INFORMATION ARE DISTRIBUTED TO THE BOARD MONTHLY, IN ADVANCE OF THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS ANY EXCEPTION ON A PERIODIC BASIS PURSUANT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND PROVIDES ANY RESOLUTION WHERE NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCE DEPT. GATHERS RELEVANT SALARY INFORMATION COMPARABLE WITHIN INDUSTRY AND MARKET STANDARDS. THEREAFTER, APPROPRIATE RECOMMENDATIONS ARE PROVIDED TO THE CEO FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS FINANCIAL STATEMENTS IN EVERY BRANCH LOCATION ON A MONTHLY BASIS AND PROVIDES ANY GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 528,961. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. VENTUCO SERVICE ORGANIZATION 6026 TELEPHONE ROAD VENTURA CA 93006 770079972 INSURANCE PRODUCTS CA VENTURA COUNTY CREDIT UNION C 40285 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0