WHEELHOUSE CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WHEELHOUSE CREDIT UNION (EIN 95-1593663)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-08
- IRS object ID
- 201233139349300613
- 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 | 2012-11-08T08:09:15-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELEON & STANG CPA'S | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 LAKEFOREST BLVD STE 650 | AddressLine1 |
| City | GAITHERSBURG | City |
| State | MD | State |
| ZIP Code | 208772609 | 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 | 951593663 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAN DIEGO METROPOLITAN CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SAND | NameControl |
| Phone | 6192974835 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 719099 | AddressLine1 |
| City | SAN DIEGO | City |
| State | CA | State |
| ZIP Code | 921719099 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STAN ABRAMS | Name |
| Title | CEO | Title |
| Phone | 6192974835 | Phone |
| Date Signed | 2012-11-05 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ALLEN P DELEON CPA | Name |
| Phone | 3019489825 | Phone |
| Date Prepared | 2012-11-07 | DatePrepared |
| 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 | STAN ABRAMS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 719099 | AddressLine1 |
| City | SAN DIEGO | City |
| State | CA | State |
| ZIP Code | 921719099 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 15191477 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SDMCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | EARNING YOUR TRUST. BUILDING YOUR FUTURE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 92 | TotalNbrEmployees |
| Total Nbr Volunteers | 13 | TotalNbrVolunteers |
| Total Gross UBI | 324119 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -99224 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12929274 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 11840193 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -211376 | InvestmentIncomePriorYear |
| Investment Income Current Year | 400985 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3135223 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2950299 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 15853121 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15191477 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 1947867 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 1281106 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4814809 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4713828 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11170156 | OtherExpensePriorYear |
| Other Expenses Current Year | 8270543 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 17932832 | TotalExpensesPriorYear |
| Total Expenses Current Year | 14265477 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2079711 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 926000 | RevenuesLessExpensesCY |
| Total Assets BOY | 257579496 | TotalAssetsBOY |
| Total Assets EOY | 248173010 | TotalAssetsEOY |
| Total Liabilities BOY | 242237518 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 233397954 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 15341978 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14775056 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | EARNING YOUR TRUST. BUILDING YOUR FUTURE. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | LARGEST EXISTING SERVICES: AMONG OUR LARGEST ACCOUNT HOLDER BASE (OUTSIDE OF MEMBERSHIP SAVINGS)IS A CHECKING ACCOUNT. AS OF YE 2009 THERE WERE 11400 CHECKING ACCOUNTS (ACROSS 5 INDIVIDUAL PRODUCT LINES WITH VARYING FEATURES AND BENEFITS) WITH BALANCES TOTALING 45.4 MILLION. OUR AVERAGE CHECKING BALANCE IS 3500.00. AMONG THE CHECKING ACCOUNTS THE TWO MOST POPULAR ACCOUNTS INCLUDE INCLUDE A NO-DIVIDEND , NO MONTHLY FEE ACCOUNT FOR THOSE MEETING CERTAIN CRITERIA (MOST OFTEN DIRECT DEPOSIT)AND A DIVIDEND-BEARING ACCOUNT WICH REQUIRES A 1500.00 AVERAGE DAILY BALANCE TO BE FREE OF REGULAR MONTHLY FEES. ALL MEMBERS WITH CHECKING ACCOUNTS HAVE A BASIC SAVINGS, BUT THE SECOND MOST POPULAR ACCOUNT COMBINATION FOR CHECKING ACCOUNT HOLDERS INCLUDES A SAVINGS AND CONSUMER LOAN, FOLLOWED BY A SAVINGS CERTIFICATE ACCOUNT. AS OF YE 2009, APPROXIMATELY 39% OF OUR CHECKING BASE WAS RECEIVING MONTHLY STATEMENTS ELECTRONICALLY. THE AVERAGE AGE OF OUR CHECKING ACCOUNT HOLDER IS 47, THE MEDIAN AGE RANGE ENCOMPASSING APPROXIMATELY 32% OF OUR ACCOUNT HOLDERS IS BETWEEN 45 TO 54. MORE THAN HALF OF OUR CHECKING ACCOUNT HOLDERS WERE OR ARE PART OF SDMCU'S HISTORIC MARKET NICHE, EMPLOYEES OF THE CITY OF SAN DIEGO. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LARGEST EXISTING SERVICES: THE SERVICE GARNERING THE SECOND LARGEST ENROLLMENT IS INTERNET BANKING ENROLLMENT, WHICH ALLOWS MEMBERS TO MANAGE THEIR FINANCIAL ACCOUNTS 24 HOURS A DAY FROM A PERSONAL COMPUTER WITH INTERNET ACCESS. AS OF YE 2009 THERE WERE 8200 ENROLLEES. THROUGHOUT 2009, THESE SERVICES HOLDERS LOGGED IN TO VIEW THEIR ACCOUNT OR PERFORM SOME FORM OF TRANSACTION APPROXIMATELY 800,000 TIMES. THE MOST POPULAR TRANSACTIONS INCLUDE VIEWING ACCOUNT BALANCES AND HISTORIES, VIEWING CHECK IMAGES AND PERFORMING A TRANSFER FROM ONE OF THE MEMBER'S ACCOUNTS TO AMOTHER. THE BREADTH OF TRANSACTIONS PROVIDED TO THE MEMBER VIA THIS PLATFORM PROVIDES AN EFFICIENCY AND CONVENIENCE TO THE MEMBER AND IS LESS COSTLY THAN A BRANCH TRANSACTION. 2009 EXPENSES ASSOCIATED WITH PROVIDING THIS SERVICE, AS AN ALTERNATIVE TO A BRANCH OR TELEPHONE TRANSACTION WERE APPROXIMATELY 145,000.00. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 3240 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 92 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | 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 | JOHN STABLER | NamePerson |
| Telephone Number | 6192785752 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POBOX 719099 | AddressLine1 |
| City | SAN DIEGO | City |
| State | CA | State |
| ZIP Code | 921719099 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 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 |
|---|---|---|---|---|---|---|---|
| RONALD YAGURA | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT LAWERENCE | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL AHLERING | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DOMINICK BOCCIA | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARCIA MCLATCHY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL RICH | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| STAN ABRAMS | |||||||
| CEO | 45.00 | 204000 | 0 | 11542 | X | ||
| CHARLES YACKLEY | |||||||
| CHAIRMAN OF | 1.00 | 0 | 0 | 0 | X | ||
| CRUZ GONZALEZ | |||||||
| V.CHAIRMAN B | 1.00 | 0 | 0 | 0 | X | ||
| MARSHALL TANNEBERGER | |||||||
| VP LENDING | 45.00 | 113724 | 0 | 12981 | X | ||
| JOHN STABLER | |||||||
| CFO | 45.00 | 103469 | 0 | 18307 | X | ||
| REBECCA RAMOS-ARZOLA | |||||||
| VP HUMAN RES | 45.00 | 101602 | 0 | 18063 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 522795 | TotalReportableCompFromOrg |
| Total Other Compensation | 60893 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line2AddressOfContractor/AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|
| FINANCIAL TECHNOLOGY SOLUTIONS INTER | ||||||
| PO BOX 379 | PASADENA | CA | 91102 | CONSULTING | 378368 | |
| XP SYSTEMS | ||||||
| 75 REMITTANCE DR | CHICAGO | IL | 606756963 | DATA PROCESSING | 350512 | SUITE 6963 |
| LANSOLUTIONS LLC | ||||||
| 6359 NANCY RIDGE DR | SAN DIEGO | CA | 92121 | CONSULTING | 348827 | |
| DIGITAL INSIGHT | ||||||
| PO BOX 515306 | LOS ANGELES | CA | 900516606 | HOMEBANKING | 242531 | |
| BUCHALTERNEMERFIELDS & YOUNGER | ||||||
| 1000 WILSHIRE BLVD | LOS ANGELES | CA | 90017 | CONSULTING | 223995 | SUITE 1500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LOANS TO MEMBERS | Description |
| Total Revenue Column | 11840193 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11840193 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 11840193 | TotalProgramServiceRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 400985 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 400985 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 400985 | TotalRevenueColumn |
| Related Or Exempt Function Income | 400985 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Business CodeBusinessCode | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| FEES & CHARGES | 2626180 | 2626180 | ||
| CONSULTING & INVESTMENT | 324119 | 524298 | 324119 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2950299 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15191477 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14867358 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 324119 | UnrelatedBusinessRevenue |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1281106 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3935669 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108444 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 349082 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 320633 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35882 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50664 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 324615 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 356631 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 408834 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 599017 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 632855 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8670 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3288 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7484 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 561631 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84599 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSSES | 2132147 |
| MEMBER INSURANCE | 576330 |
| VISA COSTS | 449070 |
| IMPAIRMENT OF DEBT SECURI | 339964 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1698862 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14265477 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28165277 | BOY |
| EOY | 47242342 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177361404 | BOY |
| EOY | 164748494 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 12693206 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7319505 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5455325 | BOY |
| EOY | 5373701 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36565771 | BOY |
| EOY | 20022313 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10031719 | BOY |
| EOY | 10786160 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 257579496 | BOY |
| EOY | 248173010 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2781738 | BOY |
| EOY | 2887493 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 239455780 | BOY |
| EOY | 230510461 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 242237518 | BOY |
| EOY | 233397954 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15341978 | BOY |
| EOY | 14775056 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15341978 | BOY |
| EOY | 14775056 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 257579496 | BOY |
| EOY | 248173010 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 926000 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1492922 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Orgs Legal Control | false | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | false | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2275000 | OtherCostOrOtherBasis |
| Book Value | 2275000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3267847 | OtherCostOrOtherBasis |
| Depreciation | 1346243 | Depreciation |
| Book Value | 1921604 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 987927 | OtherCostOrOtherBasis |
| Depreciation | 797459 | Depreciation |
| Book Value | 190468 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6162432 | OtherCostOrOtherBasis |
| Depreciation | 5175803 | Depreciation |
| Book Value | 986629 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5373701 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBERS SHARES | Description |
| Amount | $230,510,461 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 230510461 | TotalOfAmounts |
| Total Revenue | 15191477 | TotalRevenue |
| Total Expenses | 14265477 | TotalExpenses |
| Excess Or Deficit For Year | 926000 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 926000 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15191477 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 15191477 | RevenueSubtotal |
| Total Revenue Per Form990 | 15191477 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 14265477 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 14265477 | ExpensesSubtotal |
| Total Expenses Per Form990 | 14265477 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | STAN ABRAMS | NamePerson |
| Base Compensation Filing Org | 204000 | BaseCompensationFilingOrg |
| Nontaxable Benefits Filing Org | 11542 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 215542 | TotalCompensationFilingOrg |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS | FORM 990, PAGE 1, PART I, LINE 6 | BOARD OF DIRECTORS VOLUNTEER THEIR TIME TO OVERSEE THE CREDIT UNION. |
| FIRST ACCOMPLISHMENT DESCRIPTION | FORM 990, PAGE 2, PART III, LINE 4A | CERTIFICATE ACCOUNT. AS OF YE 2009, APPROXIMATELY 39% OF OUR CHECKING BASE WAS RECEIVING MONTHLY STATEMENTS ELECTRONICALLY. THE AVERAGE AGE OF OUR CHECKING ACCOUNT HOLDER IS 47, THE MEDIAN AGE RANGE ENCOMPASSING APPROXIMATELY 32% OF OUR ACCOUNT HOLDERS IS BETWEEN 45 TO 54. MORE THAN HALF OF OUR CHECKING ACCOUNT HOLDERS WERE OR ARE PART OF SDMCU'S HISTORIC MARKET NICHE, EMPLOYEES OF THE CITY OF SAN DIEGO. |
| SECOND ACCOMPLISHMENT DESCRIPTION | FORM 990, PAGE 2, PART III, LINE 4B | AS AN ALTERNATIVE TO A BRANCH OR TELEPHONE TRANSACTION WERE APPROXIMATELY 145,000.00. |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISES OR OTHERWISE. |
| DECISIONS SUBJECT TO APPROVAL OF MEMBERS | FORM 990, PAGE 6, PART VI, 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. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | POSSIBLE CONFLICTS OF INTEREST ARE LEARNED THROUGH PERSONAL OBSERVATION OR CONFLIST WITH OTHER EMPLOYEES AND ARE REPORTED TO THE SUPERVISORY COMMITTEE FOR DECISIONS ON FURTHER INVESTIGATIONS AND REPORTING TO THE BOARD. WE DETERMINE A POSSIBLE CONFLICT BASED ON THE CIRCUMSTANCES AND HOW THEY RELATE TO THE BYLAWS AND BOARD POLICY STATEMENTS ON CONFLICT OF INTEREST. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | THE VP OF THE HR UTILIZES COMPEASE, A PROGRAM PROVIDED BY KG & ASSOCIATES TO ESTABLISH GRADE LEVELS AND SALARY RANGES. EACH MANAGER IS RESPONSIBLE FOR COMPLETING A JOB EVALUATION WHICH IS A PROCESS UTILIZING GUIDE CHARTS. THE EVALUATION IS ESSENTIALLY A POINT/FACTOR COMPARISON PLAN. EACH JOB IS COMPARED TO OTHER JOBS THROUGH THE USE OF FACTORS COMMON TO ALL POSITIONS TO DETERMINE THE JOB'S RELATIVE IMPORTANCE. A RANKING OF POSITION IS BUILT FROM LOW TO HIGH BASED ON THE FOLLOWING FACTORS: KNOWLEDGE/SKILLS (EXPERIENCE,EDUCATION,MANAGERIAL RESPONSIBILITY,INTERPERSONAL SKILLS), PROBLEM SOLVING (INDEPENDENT, JUDGEMENT,MENTAL PROCESS) AND ACCOUNTABILITY (ORGANIZATIONAL IMPACT,ORGANIZATIONAL RESTRAINT). THE INFORMATION IS THEN ENTERED INTO THE COMPEASE SYSTEM. THIS RESULTS IN TOTAL POINT SCORES WHICH ARE USED TO PLACE JOBS IN SALARY GRADES. THESE RESULTS ARE THEN COMPARED WITH THE RESULTS OF THE CUES EXECUTIVE COMPENSATION SURVEY DATA. ONCE THE SALARY RANGES AND GRADES ARE ESTABLISHED, THE INFORMATION IS GIVEN TO THE CEO AND THE SVP OF FINANCE AND ADMINISTRATION. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | IN ADDITION TO THE PUBLIC ACCESSING THE CREDIT UNION'S QUARTERLY 5300 REPORT THROUGH THE NCUA'S WEBSITE. THE CREDIT UNION POSTS FINANCIAL STATEMENTS ON IT'S WEBSITE IN THE "ABOUNT US" TAB. |
| OTHER EXPENSES | FORM 990, PART IX, LINE 24E | COLLECT & CREDIT REPORTS 279,658 MEMBER SERVICES 257,840 ATM EXPENSES 186,813 OUTSIDE SERVICES 175,361 ATM COSTS 161,552 OVERHEAD 146,598 SOTWARE MAINTENANCE 127,615 REAL ESTATE TAXES 108,858 FSCC EXPENSE 93,248 LENDING SOLUTION 66,832 BANK CHARGES 50,675 HARDWARE MAINTENANCE 45,923 EQUIPMENT LICENSE 43,879 DUES 42,918 CONTRACT ALARM 31,142 LOAN COSTS 25,856 SUBS/PUBS 24,062 AUTO EXPENSES 23,991 EDUCATION EXPENSES 22,919 PAYROLL FEES 22,774 OTHER LOSSES 22,066 AGENCY COSTS 20,000 EMPLOYEE EXPENSE 10,347 MANAGER EXPENSE 8,690 AUTO TITLE 6,499 RETIREMENT EXPENSES 5,956 SD LOSSES 4,744 INVEST EXPENSES 4,274 EQUIPMENT MAINTENANCE 3,619 MISCELLANEOUS EXPENSES 3,573 NOTARY EXPENSE 3,322 EMPLOYEE ADS 669 UBIT EXPENSES -333,411 |