2011-11-07T19:16:46-06:00 2010-12-31 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2010-01-01 950598145 CALIFORNIA BEAR CREDIT UNION CALI 2138304114 350 SFIGUEROA STREET NO 180 LOS ANGELES CA 90013 ROBERT YORK 2138304100 2011-10-31 1 8189549700 2010 2016-03-07 17:11:31Z ROBERT YORK 350 SFIGUEROA STREET NO 180 LOS ANGELES CA 90013 6093980 0 X WWW.CALBEARCU.ORG X CREDIT UNION 1933 CA A COOPERATIVE ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS 9 9 28 12 -204010 -216548 0 0 5666503 5126361 740198 580808 0 0 6406701 5707169 0 0 0 0 2349573 1865238 0 0 0 7142256 3266121 9491829 5131359 -3085128 575810 104284784 105007728 98066904 98144606 6217880 6863122 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, CALIFORNIA BEAR CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS 0 0 AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION PROVIDED OVERDRAFT PROTECTION SERVICES TO ITS MEMBERS AT AN AVERAGE COST REDUCTION OF $7.00 PER ITEM COMPARED TO BANKS. AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION WORKED DILIGENTLY IN HELPING ITS MEMBER AND BUSINESS OWNERS TO KEEP THEIR HOMES AND BUSINESS BY AGREEING TO LOAN MODIFICATIONS THAT ALLOWED MEMBERS TO RETAIN THEIR HOMES AND BUSINESS OWNERS THEIR BUSINESSES. CALIFORNIA BEAR CREDIT UNION PROVIDES ATM SERVICES TO ITS MEMBERS FREE OF CHARGE FOR USE OF THE COOP ATM NETWORK, AND IT PROVIDES ATM ACCESSIBILITY FOR NON-MEMBERS AT A MARGINAL USAGE FEE THAT IS ON AVERAGE 50% LOWER OF THOSE FEES IMPOSED BY BANKS FOR ATM USE OF THEIR ATM BY NON-MEMBERS. 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3363 0 1 28 1 1 1 0 0 0 0 0 0 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 0 1 1 0 CA X JAVIER D'AGUSTINI 2138304100 350 S FIGUEROA STREET SUITE 180 LOS ANGELES CA 90071 N GREG TAYLOR 1.00 X 0 0 0 HAROLD ENTZ 1.00 X 0 0 0 THEO WALKER 1.00 X 0 0 0 SHERMAN GRANCELL 1.00 X 0 0 0 MERLE DEMROFF 1.00 X 0 0 0 NICK CHRISTOPULOS 1.00 X 0 0 0 MIKE MILES 1.00 X 0 0 0 ROBERT SASSAMAN 1.00 X 0 0 0 VITO MODUGNO 1.00 X 0 0 0 MARTA ZARAGOZA 1.00 X 0 0 0 WILLIAM YATES 1.00 X 0 0 0 KARTH DRACHAND 1.00 X 0 0 0 JENNIFER OLIVER 40.00 X 139125 0 8113 ROBERT YORK 40.00 X 92238 0 13286 231363 0 21399 1 0 0 0 JACK HENRY & ASSOCIATES INC P O BOX 503328 ST LOUIS MO 631503328 IN HOUSE COMPUTER SUPPORT AND PROGRAMMIN 116441 BUSINESS DATA INC P O BOX 6081 INGLEWOOD CA 903126081 MARKETING, PRINTING & MAILING 111510 2 INTEREST ON LOANS 522100 3720475 3720475 FEE INCOME 522100 1205950 1190440 15510 OTHER OPERATING INCOME 522100 199936 188098 11838 5126361 824883 824883 142736 386811 -244075 -244075 -12717 -231358 5707169 5911179 -204010 0 231363 1520258 113617 74719 66000 24627 320834 741977 233429 241001 OFFICE OPERATIONS EXP 984405 PROV LOAN & LEASE LOSS 224051 EDUCATIONAL & PROMOTION 108454 LOAN SERVICING EXPENSE 104941 MISCELLANEOUS OPERATING 98934 42749 5131359 683159 467678 9274067 7854721 578293 665501 3611432 2717497 1094660 893935 14498177 23214602 70704077 61127394 7452351 10783897 104284784 105007728 1223720 1160357 96843184 96984249 98066904 98144606 X 0 0 0 0 6217880 6863122 6217880 6863122 104284784 105007728 X 575810 69432 X X 0 1 1 X 0 1693394 1117193 576201 1918038 1600304 317734 893935 DEPOSITS IN COMMERCIAL BANKS 3824000 F ALL OTHER INVESTMENTS IN CORPORATE CU 4000000 F NET LOAN & LEASES 52366802 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 936592 F 61127394 FORECLOSED AND REPOSSESSED ASSETS 317400 ACCRUED INTEREST ON LOANS 235083 ACCRUED INTEREST ON INVESTMENTS 117298 ALL OTHER ASSETS 10114116 10783897 TOTAL SHARES & DEPOSITS 96984249 96984249 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AT MARCH 31, 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 MARCH 31, 2011, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. X X X 0 0 0 ROBERT YORK MORTGAGE LOAN X 168350 163753 0 0 1 ROBERT YORK AUTO LOAN X 27458 20580 0 0 1 NICK CHRISTOPULOS VISA X 9229 7463 0 1 1 MERLE D DEMROFF AUTO LOAN X 140900 76384 0 1 1 ROBERT SASSAMAN VISA X 15000 207 0 1 1 TAYLOR NORMAN AUTO LOAN X 30724 23232 0 1 1 THEDOSHIA WALKER AUTO LOAN X 16666 9514 0 1 1 THEDOSHIA WALKER SIGNATURE X 12500 8126 0 1 1 THEDOSHIA WALKER VISA X 4183 2483 0 1 1 VITO MODUGNO AMORTIZED HELOC X 177291 181473 0 1 1 VITO MODUGNO VISA X 49745 46601 0 1 1 SHERMAN GRANCELL TRUST VISA X 17979 626 0 1 1 MARTA ZARAGOZA SIGNATURE X 9500 9105 0 1 1 MARTA ZARAGOZA AUTO LOAN X 5487 2699 0 1 1 MARTA ZARAGOZA VISA X 21000 20660 0 1 1 WILLIAM YATES SIGNATURE X 7000 1169 0 1 1 KARTH DRACHAND AUTO LOAN X 17924 194 0 1 1 DAVID ZITCH MORTGAGE LOAN X 170000 91232 0 1 1 665501 FORM 990, PART VI, SECTION A, LINE 6 CALIFORNIA BEAR CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND IS OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CALIFORNIA BEAR CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF CALIFORNIA BEAR 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 THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B MANAGEMENT AND OPERATIONAL DECISIONS ARE MADE BY THE OFFICERS OF CALIFORNIA BEAR CREDIT UNION. HOWEVER PLANNING, OVERSIGHT AND GOVERNANCE ARE MADE PRIMARILY THROUGH THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 AND RELATED SCHEDULES IS PRESENTED TO THE BOARD AT THE BOARD MEETING FOR REVIEW AND DISCUSSION. CHANGES AND MODIFICATIONS ARE THEN TAKEN INTO ACCOUNT FOR FINAL COMPLETION AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE GIVEN AN EMPLOYEE HAND-BOOK THAT CONTAINS ALL THE POLICIES OF THE CREDIT UNION AT THE TIME OF HIRING. THERE IS NO OTHER PROCESS IN PLACE TO MONITOR EMPLOYEES FOR ADHERANCE TO THIS POLICY. WE ARE MAKING A CHANGE TO ISSUE A HARD COPY OF THE POLICY ONCE A YEAR AND HAVE THE EMPLOYEES ACKNOWLEDGE THAT BY SIGNING THE POLICY AND RETURNING BACK TO HR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S CEO IS APPROVED AT HIRING BY THE BOARD OF DIRECTORS BASED ON MARKET RESEARCH DATA PROVIDED BY AN OUTSIDE SOURCE NAMED COMPEASE, BUT THERE IS NOT A FORMAL REVIEW BY AN INDEPENDENT PARTY SUCH AS A BENEFITS/SALARIES RESEARCH CONSULTANT/AUDITOR TO DETERMINE IF APPROPRIATE. ALL COMPENSATION IS REVIEWED BY AUDITORS AND EXAMINERS BUT IT IS NOT INTENDED AS A FORMAL APPROVED REVIEW. COMPENSATION FOR OTHER KEY EMPLOYEES IS APPROVED BY THE CEO BASED ON DATA PROVIDED BY COMPEASE. COMPENSATION FOR OTHER KEY EMPLOYEES IS APPROVED BY THE CEO BASED ON DATA PROVIDED BY COMPEASE. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE BUILDING LOBBY AND MADE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 69,432. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.