2026-03-10T19:50:36-05:00 2025-10-30 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2025-01-01 940362026 MEMBERS 1ST CREDIT UNION MEMB 5302226060 4710 MOUNTAIN LAKES BLVD REDDING CA 96003 CAROLINE REDMANN CEO/PRESIDENT 5302226060 2026-03-09 1 NATALIE HULL CPA P00089332 8189549700 2025 2025-03-06 01:10:19Z X CAROLINE REDMANN 4710 MOUNTAIN LAKES BLVD REDDING CA 96003 17206125 0 X WWW.M1CU.ORG X CREDIT UNION 1936 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. X 11 11 61 14 127795 0 0 0 14311540 13234147 2586979 3529772 178175 181685 17076694 16945604 32590 45540 0 0 5671262 4797493 0 0 0 7991256 7530799 13695108 12373832 3381586 4571772 340724621 0 308831882 0 31892739 0 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS 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, MEMBERS 1ST CREDIT UNIONCONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICESOF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 GENERAL SERVICE TO OUR MEMBERS: THE DELIVER CHANNELS INCLUDE FIVE BRANCH LOCATIONS WHERE STAFF ARE FULLY TRAINED AND AVAILABLE TO PROVIDE SERVICES RELATED TO LOAN AND DEPOSIT TRANSACTIONS. ALL BRANCHES INCLUDE ATM ACCESS. A FINANCIAL PLANNER IS AVAILABLE TO ADVISE MEMBERS AT NO CHARGE. THE CREDIT UNION SERVICES APPROXIMATELY 24,000 MEMBERS. THE CORPORATE OFFICE HOUSES A CALL CENTER, WEBSITE STAFF, AND OTHER KEY EMPLOYEES WHOSE JOBS REVOLVE AROUND KEEPING THE CREDIT UNION OPERATIONS SAFE AND SECURE. THE CREDIT UNION STRIVES TO BE GREAT VALUE TO ITS MEMBERS. PRODUCTS ARE COMPETITIVELY PRICED AND MANY TRANSACTIONS CAN BE CONDUCTED ON THE CREDIT UNION'S WEBSITE OR MOBILE APP 24 HOURS PER DAY, 7 DAYS PER WEEK. LENDING PROGRAM: MEMBERS 1ST CREDIT UNION FIRST BEGAN LENDING TO ITS MEMBERS IN 1936. WE HAVE A SUCCESSFUL TRACK RECORD OF HELPING COMMUNITY MEMBERS ESTABLISH CREDIT. WE PROVIDE AUTO, MORTGAGES, PERSONAL LOANS AND CREDIT CARDS OFFERED AT COMPETITIVE RATES. EXPENSES ASSOCIATED WITH LENDING INCLUDE STAFF MEMBERS AND OTHER COST GENERALLY ASSOCIATED WITH OPERATING AN OFFICE. M1CU RECEIVED A CDFI GRANT THAT WAS USED AS INCOME TO OFFSET LOAN LOSSES IN 2025. DEPOSIT SERVICES: EXTENDING COMPETITIVE SAVINGS RATES TO OUR MEMBERS ENABLES THE CREDIT UNION TO GROW, REWARD SAVERS, HAVE ACCESSIBLE FUNDS TO LEND TO BORROWERS, AND FULFILL OUR COOPERATIVE MISSION. MULTIPLE TYPES OF INDIVIDUAL RETIREMENT ACCOUNTS ARE OFFERED TO SERVE THE MEMBERSHIP INTO THE FUTURE. 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 144 0 1 61 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X CAROLINE REDMANN CEOPRESIDENT 5302226060 4710 MOUNTAIN LAKES BLVD REDDING CA 96003 X KENNETH REED BOARD CHAIR 1.00 X 0 0 0 SHARON O'QUIN BOARD VICE CHAIR 1.00 X 0 0 0 KARINA LAPP BOARD TREASURER & SECRETARY 1.00 X 0 0 0 ALLEN FELSENTHAL BOARD MEMBER 1.00 X 0 0 0 GRIFFITH TONKIN BOARD MEMBER 1.00 X 0 0 0 JASON MONTAGUE BOARD MEMBER 1.00 X 0 0 0 RILEY BRESLIN BOARD MEMBER 1.00 X 0 0 0 JAMES WILSON BOARD MEMBER 1.00 X 0 0 0 ERIC WOODSTROM BOARD MEMBER 1.00 X 0 0 0 SCOTT BADGER BOARD MEMBER 1.00 X 0 0 0 BLAKE WERNER BOARD MEMBER 1.00 X 0 0 0 BRYAN FRASER SUPERVISORY COMMITTEE CHAIR 1.00 X 0 0 0 STEVE CLARK SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 AMANDA DEOCAMPO SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 CAROLINE REDMANN CEO/PRESIDENT 40.00 X 297982 0 31731 AARON PITROFF VP OF LENDING 40.00 X 152565 0 20042 NOEL STRATTON VP OF IT 40.00 X 134668 0 5971 JOSHUA MARKLE VP OF MARKETING/HR 40.00 X 132125 0 7777 MEGAN LITTLER VP OF OPERATIIONS 40.00 X 128381 0 5044 MICHAEL HANICH INDIRECT LOAN MANAGER 40.00 X 110905 0 5854 956626 0 76419 6 0 1 0 COMPUTER MARKETING CORP 8520 SOUTH SANDY PARKWAY SANDY UT 84070 CORE SOFTWARE MAINTENANCE 322972 DOXIM IDS LLC PO BOX 775868 CHICAGO IL 60677 MAILING & PRINTING STATEMENTS 136683 COOK SOLUTIONS GROUP INC PO BOX 843020 LOS ANGELES CA 90084 ATM PURCHASES & REPAIRS/MAINT 110903 3 INTEREST ON LOANS 522100 9845072 9845072 OTHER OPERATING INCOME 522100 2360008 2257246 102762 FEE INCOME 522100 1029067 1004034 25033 13234147 3205656 3205656 127718 55851 71867 71867 71867 528786 204670 324116 324116 324116 OTHER NON-INTEREST INC 522100 109818 109818 109818 16945604 16745942 127795 71867 45540 956626 3060115 144468 325934 310350 76917 203068 231958 1863184 70138 311496 65024 3242711 465958 59436 CREDIT LOSS EXPENSE 488327 LOAN SERVICING EXPENSE 330836 MISCELLANEOUS NON-INTER 84365 OPERATING FEES 37381 12373832 3324835 0 52439645 0 0 0 3525824 0 0 0 0 545779 0 0 0 6417484 0 36552790 0 0 231821851 0 0 6096413 0 340724621 0 2777492 0 306054390 0 308831882 0 X 0 0 0 0 31892739 0 31892739 0 340724621 0 X 4571772 1070107 -37534618 X X 0 1 X 1 0 100 100 100 1 CCUL - PAC 2855 E GUASTI ROAD SUITE 202 ONTARIO CA 917611249 940357265 100 0 X PART X, LINE 2: 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 DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT PERIOD. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. STATE TAXES, HOWEVER, 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. 1 DOWNTOWN CHICO BUSINESS ASSOCIATION 338 BROADWAY STREET CHICO CA 95928 942310798 501(C)(4) 11000 0 FMV TO HELP GROW VISIBILITY AND CONNECT WITH THE COMMUNITY. CHICO YOUTH SOCCER LEAGUE PO BOX 1537 CHICO CA 95927 680050452 501(C)(3) 6000 0 FMV TO SUPPORT YOUTH PROGRAMS THAT TEACH SPORTSMANSHIP, TEAMWORK, AND PHYSICAL FITNESS. 1 1 X X X 0 1 0 CAROLINE REDMANN CEO/PRESIDENT 236881 0 49802 0 11299 0 11538 11538 20193 20193 329713 31731 0 0 AARON PITROFF VP OF LENDING 126083 0 10868 0 15614 0 6381 6381 13661 13661 172607 20042 0 0 PART I, LINE 4B THE CREDIT UNION HAS A SPLIT-DOLLAR AGREEMENT WITH CURRENT CEO/PRESIDENT, CAROLINE REDMANN. THE CREDIT UNION PROVIDES A 457(B) DEFERRED COMPENSATION PLAN FOR CERTAIN KEY EMPLOYEES. THE PARTICIPANTS IN THE 457B PLAN ARE CAROLINE REDMANN, AARON PITROFF AND JOSHUA MARKLE. CASH ON HAND 2025-10-30 2761227 FAIR MARKET VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) SAVINGS AND TEMPORARY INVESTMENTS 2025-10-30 83041194 FAIR MARKET VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) INVESTMENT SECURITIES 2025-10-30 27488971 FAIR MARKET VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) OTHER INVESTMENTS 2025-10-30 1203013 FAIR MARKET VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) LOANS AND LEASES (NET OF ALLOWANCE) 2025-10-30 230760369 FAIR MARKET VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) FIXED ASSETS (NET OF DEPRECIATION) 2025-10-30 6163827 NET BOOK VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 2025-10-30 2986992 FAIR MARKET VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) OTHER ASSETS 2025-10-30 6789138 FAIR MARKET VALUE 930491115 ROGUE CREDIT UNION PO BOX 4550 MEDFORD OR 97501 501(C)(14) 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: KENNETH REED, BOARD CHAIR, ERIC WOODSTROM, BOARD MEMBER, CAROLINE REDMANN, PRESIDENT/CEO, MEGAN LITTLER, VP OF OPERATIONS, JOSHUA MARKLE, VP OF MARKETING/HR, AND AARON PITROFF, VP OF LENDING. PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: THE PERSONS LISTED ABOVE WERE RETAINED AS BOARD MEMBERS OR EMPLOYEES WITH THE SURVIVING CREDIT UNION. PLEASE SEE A DETAILED BREAKDOWN OF THE PERSONS NEW POSITIONS WITH ROGUE CU BELOW.KENNETH REED AND ERIC WOODSTROM ARE IN BOARD POSITIONS. CAROLINE REDMANN - SVP OF ADMIN AND STRATEGIC INITIATIVES. AARON PITROFF - MEMBER SOLUTIONS SYSTEMS ADMINISTRATOR.NOEL STRATTON - IT INFRASTRUCTURE AND APPLICATIONS LEAD.JOSHUA MARKLE - MARKETING MANAGER. MEGAN LITTLER - AVP OF SYSTEMS CONVERSION. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE OCTOBER 31, 2025, MEMBERS 1ST CREDIT UNION MERGED WITH ROGUE CREDIT UNION. MEMBERS 1ST CREDIT UNION TERMINATED ITS CHARTER ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 4 THE NUMBER OF VOTING BOARD MEMBERS AND INDEPENDENT VOTING BOARD MEMBERS OF THE GOVERNING BODY INCREASED FROM 9 TO 11. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A STATE-CHARTERED CREDIT UNION AND MEMBERSHIP IS MADE UP OF NATURAL PERSONS WHO MAINTAIN A MINIMUM BALANCE IS THE MEMBERSHIP OR SHARE SAVINGS ACCOUNT. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP VOTES AT THE ANNUAL MEETING TO ELECT DIRECTORS TO A THREE-YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B SOME DECISIONS REQUIRE APPROVAL OF THE CREDIT UNION'S MEMBERSHIP, SUCH AS CHANGING CHARTERS BETWEEN STATE AND FEDERAL. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THIS RETURN IS PROVIDED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND VOLUNTEERS ARE TRAINED ANNUALLY ON THE CONFLICT OF INTEREST POLICY. EMPLOYEES AND VOLUNTEERS ARE INSTRUCTED TO DISCLOSE ALL ACCOUNT RELATIONSHIPS THAT THEY HAVE WITH THE CREDIT UNION AND THOSE ACCOUNT ARE FLAGGED IN THE CORE SOFTWARE APPLICATION FOR PERIODIC REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE INITIAL PERFORMANCE REVIEW OF THE PRESIDENT/CEO IS COMPLETED BY THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS UNDER THE DIRECTION OF AN INDEPENDENT THIRD PARTY COMPANY. ONCE COMPLETED IT IS PRESENTED TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL WITH A RECOMMENDATION FOR ANY SALARY CHANGES OR BONUS PAYMENT. PERFORMANCE REVIEWS OF OTHER OFFICERS AND KEY EMPLOYEES ARE COMPLETED BY THE PRESIDENT/CEO OR THEIR DIRECT MANAGER. FORM 990, PART VI, SECTION C, LINE 19 THE BY-LAWS ARE FILED WITH THE STATE OF CALIFORNIA AND ARE ACCESSIBLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC VIA A LINK ON THE MEMBERS 1ST CREDIT UNION WEBSITE, AND A MONTHLY FINANCIAL REPORT IS POSTED IN THE LOBBY OF EACH BRANCH, WHILE THE NCUA 5300 CALL REPORT IS AVAILABLE ON THE NCUA WEBSITE. FORM 990, PART VII: MEMBERS 1ST CREDIT UNION IS REPORTING 10 MONTHS OF COMPENSATION PAID FOR THE PERIOD OF JANUARY 1, 2025 THROUGH OCTOBER 30, 2025 FOR THE FOLLOWING OFFICERS, KEY EMPLOYEE AND HIGHEST COMPENSATED EMPLOYEES: CAROLINE REDMANN, AARON PITROFF, NOEL STRATTON, JOSHUA MARKLE AND MEGAN LITTLER. ROGUE CREDIT UNION IS REPORTING THE COMPENSATION PAID FOR THE REMAINDER OF THE 2025 CALENDAR YEAR. FORM 990, PART XI, LINE 9: NET ASSETS TRANSFERRED DUE TO MERGER -37,534,618. FORM 990,PART XII,LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.