2011-11-15T14:24:33-06:00 2010-12-31 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2010-01-01 941031345 EDUCATIONAL EMPLOYEES CREDIT UNION EDUC 5594377731 2222 WEST SHAW AVENUE FRESNO CA 93711 ELIZABETH DOOLEY 5594377731 2011-11-09 1 8189549700 2010 2016-02-24 21:20:13Z ELIZABETH DOOLEY 2222 WEST SHAW AVENUE FRESNO CA 93711 103983210 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 9 431 14 579041 -317113 0 0 81651871 77950346 28411161 25703125 10524790 0 120587822 103653471 216000 252261 0 0 20948569 22428022 0 0 0 78193299 63800492 99357868 86480775 21229954 17172696 1826639668 1852384835 1663657003 1680647034 162982665 171737801 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 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 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 0 0 0 1 41490 0 1 431 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 BARBARA THOMAS 4.00 X 0 0 0 RICHARD BROWNING 2.00 X 0 0 0 FRANK POWELL 4.00 X 0 0 0 CLEO BAUER 2.00 X 0 0 0 DEAN CLARK 2.00 X 0 0 0 PAUL HOKOKIAN 2.00 X 0 0 0 CAROL MUNSHOWER 2.00 X 0 0 0 DAVE ROBERTS 2.00 X 0 0 0 DEREK SCHARTON 2.00 X 0 0 0 WILLIE CLARK 3.00 X 0 0 0 WALTER FRANZELL 2.00 X 0 0 0 DAREL MEHRTEN 2.00 X 0 0 0 STEVE CORL 2.00 X 0 0 0 ENRIQUE GUZMAN 2.00 X 0 0 0 ELIZABETH DOOLEY 60.00 X 481260 0 20359 DENDA MATTHEWS 50.00 X 207912 0 6463 MARK PEREZ 50.00 X 175619 0 11835 BEVERLY RYAN 50.00 X 178620 0 627 JULIE MATTERN 50.00 X 157490 0 7704 THOMAS GRAY 50.00 X 168303 0 19710 DICK ASHJIAN 50.00 X 159069 0 19782 BRADLEY TOWERS 40.00 X 232881 0 6358 ELENA MARTIN 50.00 X 142508 0 1925 1903662 0 94763 9 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILON PARKWAY ST PETERSBURG FL 33719 VISA PROCESSOR 4152866 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 ATM EQUIPMENT AND MAINTENANCE 1305425 DATA STATEMENT INC 23123 ALICIA PKWY SUITE 200 MISSION VIEJO CA 92692 STATEMENT MAILING 1277628 AT&T PO BOX 5012 CAROL STREAM IL 60197 COMMUNICATIONS 1211114 THIELEN IDEACORP 970 VAN NESS AVENUE FRESNO CA 93721 MARKETING 1025487 46 LOAN INCOME 522100 54370611 54370611 OTHER OPERATING INCOME 522100 12214643 11993374 221269 FEE INCOME 522100 11365092 11007320 357772 77950346 25710046 25710046 322818 329739 -6921 -6921 -6921 103653471 103074430 579041 0 132261 120000 1903662 14332596 1289161 3580127 1322476 94941 199583 2276293 2852200 3175742 16719750 2317723 4711794 PROVISION FOR LOAN AND 19071741 OFFICE OPERATIONS 5958327 LOAN SERVICING 5185233 MISC FEES 853421 TRAVEL AND CONFERENCE 362630 21114 86480775 12371845 15781628 91543408 50046399 733930 1086815 39115764 24547130 15267108 14568634 745673693 898148220 922533779 827348356 38515905 45404783 1826639668 1852384835 12601819 12463746 1651055184 1668183288 1663657003 1680647034 X 0 0 0 0 162982665 171737801 162982665 171737801 1826639668 1852384835 X 17172696 -8417560 X X 0 1 1 X 0 7000 7000 7000 1 CCUL - PAC 2855 E GUASTI ROAD ONTARIO CA 91761 940357265 5000 FRIENDS OF DEBBIE POOCHIGIAN PO BOX 8446 FRESNO CA 93747 262098841 1500 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. EDUCATIONAL EMPLOYEES CREDIT UNION CONTRIBUTED TO LARRY POWELL'S CAMPAIGN TO BE ELECTED FRESNO COUNTY SUPERINTENDENT. THIS ORGANIZATION WAS NOT LISTED IN PART 1-C. THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR THIS ORGANIZATION. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. LARRY POWELL FOR FRESNO COUNTY SUPERINTENDENT AMOUNT OF CONTRIBUTION: $500 C/O PAUL DICTOS, CPA 1535 E SHAW AVENUE, SUITE 103 FRESNO, CA 93710 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: $1,500 P.O. BOX 8446 FRESNO, CA 93747 4328636 4328636 8433290 3165158 5268132 9777220 7037824 2739396 16576618 14344148 2232470 14568634 ALL OTHER INVESTMENTS IN CORPORATE CUS 3000000 F ALL OTHER INVESTMENTS 763448 F LOANS AND LEASES 807065184 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 16519724 F 827348356 TOTAL SHARES AND DEPOSITS 1668183288 1668183288 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 CSU FRESNO FOUNDATION 5005 N MAPLE MS EO1 FRESNO CA 93740 946003272 20000 SPONSOR FUNDRAISING EVENTS FRESNO HISTORICAL SOCIETY 7160 W KEARNEY BLVD FRESNO CA 93706 941531568 12000 SPONSOR CIVIL WAR REENACTMENT FRESNO COUNTY LIBRARY 2120 MARIPOSA STREET FRESNO CA 93721 946000512 6750 TEEN FILM FESTIVAL FOUNDATION FOR CLOVIS SCHOOLS 1450 HERNDON AVENUE CLOVIS CA 93611 770140516 6100 SPONSOR STAFF AND FUNDRAISING EVENTS FOUNDATION FOR CENTRAL SCHOOLS 4605 N POLK AVENUE FRESNO CA 93722 562316616 8000 SPONSOR STAFF AND FUNDRAISING EVENTS DINUBA UNIFIED SCHOOL DISTRICT 1327 W EL MONTE WAY DINUBA CA 936181825 942911905 8000 SPONSOR STAFF RECOGNITION EVENTS STATE CENTER COMMUNITY COLLEGE 1525 E WELDON AVENUE FRESNO CA 93704 770190269 7500 SPONSOR STAFF EVENTS VALLEY PUBLIC RADIO 3437 W SHAW AVENUE STE 101 FRESNO CA 937113204 942297746 5868 SPONSOR FUNDRAISING EVENT BUSINESS AND EDUCATION ALLIANCE OF MERCED 632 W 13TH STREET MERCED CA 95341 946002379 10000 EDUCATIONAL PROGRAMS FOR PRESCHOOL THROUGH HIGH SCHOOL CHILDREN OLD TOWN CLOVIS KIWANIS FOUNDATION TORCH OF EXCELLENCE 482 TIMMY AVENUE CLOVIS CA 93612 940605689 6000 SPONSOR RECOGNITION EVENTS THE FOUNDATION AT FRESNO COUNTY - OFFICE OF EDUCATION 1111 VAN NESS 3RD FLOOR FRESNO CA 93721 946002210 10000 STUDENT DEVELOPMENT AND EXCELLENCE RECOGNITION UC MERCED 5200 NORTH LAKE ROAD MERCED CA 95343 943250114 7043 STUDENT/ALUMNI RECOGNITION SAN JOAQUIN VALLEY TOWN HALL PO BOX 5149 FRESNO CA 93755 941210921 10000 SPONSOR SPEAKER CENTRAL VALLEY HIGHER EDUCATION CONSORTIUM 550 E SHAW AVENUE SUITE 100 FRESNO CA 93710 733071832 15000 SUPPORT TO PROVIDE HIGHER EDUCATION FOR LOW INCOME INDIVIDUALS 14 0 EDUCATIONAL GRANTS 50 100000 EDUCATIONAL GRANTS 20 20000 OTHER INFORMATION: PART IV: 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 416381 0 64359 0 520 0 0 0 20359 0 501619 0 0 0 DENDA MATTHEWS 199892 0 7500 0 520 0 0 0 6463 0 214375 0 0 0 MARK PEREZ 167642 0 7500 0 477 0 0 0 11835 0 187454 0 0 0 BEVERLY RYAN 170643 0 7500 0 477 0 0 0 627 0 179247 0 0 0 JULIE MATTERN 149541 0 7500 0 449 0 0 0 7704 0 165194 0 0 0 THOMAS GRAY 160326 0 7500 0 477 0 0 0 19710 0 188013 0 0 0 DICK ASHJIAN 151125 0 7500 0 444 0 0 0 19782 0 178851 0 0 0 BRADLEY TOWERS 42826 0 189860 0 195 0 0 0 6358 0 239239 0 0 0 DENDA MATTHEWS PLATINUM VISA X 32500 31449 0 1 1 DENDA MATTHEWS VEHICLE X 45835 33351 0 1 1 DENDA MATTHEWS HELOC X 72000 52868 0 1 1 MARK PEREZ PLATINUM VISA X 35000 34056 0 1 1 MARK PEREZ VEHICLE X 40276 8050 0 1 1 BEVERLY RYAN PLATINUM VISA X 35000 4250 0 1 1 BEVERLY RYAN 1ST T/D X 335250 323338 0 1 1 THOMAS GRAY PLATINUM VISA X 32500 28087 0 1 1 THOMAS GRAY 1ST T/D X 247000 129431 0 1 1 ELENA MARTIN PLATINUM VISA X 25000 3263 0 1 1 ELENA MARTIN RV/TRAILER X 15000 4569 0 1 1 ELENA MARTIN VEHICLE X 30000 12013 0 1 1 ELENA MARTIN HELOC X 95000 22808 0 1 1 ELIZABETH DOOLEY 1ST T/D X 417000 399282 0 1 1 1086815 MEGAN ASHJIAN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE EDUCATION - $1,000 JESSICA MARTIN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE EDUCATION - $1,000 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, 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 ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, 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. 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: NET UNREALIZED LOSSES ON INVESTMENTS: -7,194,363. OTHER COMPREHENSIVE INCOME -1,223,197. TOTAL TO FORM 990, PART XI, LINE 5: -8,417,560. FORM 990, PART XI, 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 C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0