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FIREFIGHTERS FIRST CREDIT UNION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
FIREFIGHTERS FIRST CREDIT UNION (EIN 95-0949175)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-04-28
IRS object ID
201131189349300728
Schema version
2010v3.2
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

FieldValueIRS element (for citing)
Timestamp2011-04-28T14:57:04-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1RSM MCGLADREY INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1801 NICOLLET MALL SUITE 1100AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN950949175EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1LOS ANGELES FIREMEN'S CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLOSANameControl
Phone3232541700Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1815 COLORADO BLVDAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90041ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCINDY IWAMOTOName
TitleCFOTitle
Phone3232541700Phone
Date Signed2011-04-26DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameCOLLIN F BUZZELLName
Phone6125738750Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMICHAEL MASTRONameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1815 COLORADO BLVDAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90041ZIPCode
FieldValueIRS element (for citing)
Gross Receipts46803469GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Group Exemption Number1526GroupExemptionNumber
Organization501cXOrganization501c
Web SiteWWW.LAFIRECU.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1935YearFormation
State Legal DomicileCAStateLegalDomicile
Activity Or Mission DescriptionLOS ANGELES FIREMEN'S CREDIT UNION (LAFCU) IS THE TRUSTED PROVIDER OF PREMIER FINANCIAL SERVICES TO OUR "FIRE FAMILY".ActivityOrMissionDescription
Nbr Voting Members Governing Body15NbrVotingMembersGoverningBody
Nbr Independent Voting Members15NbrIndependentVotingMembers
Total Nbr Employees136TotalNbrEmployees
Total Nbr Volunteers20TotalNbrVolunteers
Total Gross UBI41389TotalGrossUBI
Net Unrelated Business Txbl Income-20350NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year48504660ProgramServiceRevenuePriorYear
Program Service Revenue CY45274642ProgramServiceRevenueCY
Investment Income Prior Year1665896InvestmentIncomePriorYear
Investment Income Current Year1528827InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year50170556TotalRevenuePriorYear
Total Revenue Current Year46803469TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year15000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY15000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year17881868BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY10676364BenefitsPaidToMembersCY
Salaries Etc Prior Year10890642SalariesEtcPriorYear
Salaries Etc Current Year11011813SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year24765811OtherExpensePriorYear
Other Expenses Current Year28893009OtherExpensesCurrentYear
Total Expenses Prior Year53553321TotalExpensesPriorYear
Total Expenses Current Year50596186TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-3382765RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-3792717RevenuesLessExpensesCY
Total Assets BOY888813914TotalAssetsBOY
Total Assets EOY862075385TotalAssetsEOY
Total Liabilities BOY810015176TotalLiabilitiesBOY
Total Liabilities EOY787119058TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY78798738NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY74956327NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO PROVIDE FINANCIAL SERVICES EXCLUSIVELY TO FIREFIGHTERS THROUGHOUT THE STATE OF CALIFORNIA. WE STRIVE TO OFFER THE BEST RATES AND SERVICES TO OUR MEMBERSHIP.MissionDescription
Significant New Program Services1SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionLOS ANGELES FIREMEN'S CREDIT UNION PROVIDES A VAST ARRAY OF REAL ESTATE LOANS AND SERVICES, WHICH INCLUDES 1ST TRUST DEEDS, 2ND'S, HOME EQUITY, CONSTRUCTION, LAND LOANS AND NON-OWNER OCCUPIED LOANS. IN ADDITION, WE SERVICE REAL ESTATE LOANS SOLD ON THE SECONDARY MARKET. AS OF DECEMBER 31, 2010, WE SERVICE OVER 3,700 LOANS TOTALING $538 MILLION. THROUGH OUR REAL ESTATE SERVICES, OUR EXPERT STAFF WILL ASSIST YOU FROM BEGINNING TO END INCLUDING THE ASSISTANCE OF THE DECISION OF PURCHASING A HOME. IN ADDITION, OUR STAFF WILL REVIEW ALL THE LOAN OPTIONS TO ENSURE MEMBERS ARE OBTAINING THE LOAN THAT BEST FITS THEIR NEEDS. WE SERVICE ALL REAL ESTATE LOANS WHETHER THEY ARE KEPT IN-HOUSE OR SOLD ON THE SECONDARY MARKET. TO ENSURE THE PROCESSING OF THE LOAN IS SMOOTH AND ACCURATE, WE ALSO HAVE OUR OWN ESCROW UNIT (PACIFIC WEST ESCROW).Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionLOS ANGELES FIREMEN'S CREDIT UNION (LAFCU) THROUGH FIREHOUSE FINANCIAL OFFERS ADDITIONAL INVESTMENT OPTIONS ABOVE OUR TRADITIONAL PRODUCTS AND SERVICES. WE HAVE LICENSED FINANCIAL ADVISORS AVAILABLE THROUGH CFS* OUR BROKER-DEALER, TO ASSIST OUR MEMBERS WITH THEIR FINANCIAL NEEDS FROM COLLEGE EDUCATION TO RETIREMENT. AS OF DECEMBER 31, 2010, WE HAVE OVER 900 HOUSEHOLD ACCOUNTS WITH OVER $90 MILLION IN ASSETS UNDER MANAGEMENT. MEMBERS ARE WELCOME TO COME IN AND SPEAK WITH OUR FINANCIAL ADVISORS. WE OFFER A FREE NO OBLIGATION CONSULTATION AND ACCOUNT PROFILE. *INVESTMENT PRODUCTS AND SERVICES OFFERED THROUGH CUSO FINANCIAL SERVICES, L.P. (CFS), AN INDEPENDENT BROKER/DEALER, ARE NOT NCUA/NCUSIF INSURED NOR INSURED BY AMERICAN SHARE INSURANCE (ASI) AND ARE NOT CREDIT UNION GUARANTEED AND MAY LOSE VALUE. REPRESENTATIVES ARE EMPLOYED BY LOS ANGELES FIREMEN'S CREDIT UNION AND REGISTERED THROUGH CFS (MEMBER FINRA/SIPC) AND SEC REGISTERED INVESTMENT ADVISOR.Description

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionLOS ANGELES FIREMEN'S CREDIT UNION OFFERS A FULL SUITE OF BUSINESS SERVICES FROM SAVINGS, CHECKING, BUSINESS LOANS AND COMMERCIAL REAL ESTATE LOANS. WE HAVE PROFESSIONAL STAFF TO ASSIST MEMBERS WITH THEIR BUSINESS NEEDS. ADDITIONAL SERVICES SUCH AS PAYROLL AND CREDIT CARD PROCESSING ARE ALSO AVAILABLE. OUR CHECKING AND BUSINESS VISA ACCOUNTS OFFER REWARD POINTS WHEN USING THE CHECK CARD OR VISA CARD. AS OF DECEMBER 31, 2010, WE SERVICE 432 LOANS TOTALING OVER $14.2 MILLION.Description
FieldValueIRS element (for citing)
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling1CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity1DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109614681NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees136NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members15NbrVotingGoverningBodyMembers
Number Independent Voting Members15NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1CINDY IWAMOTOBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number3235502201TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1815 COLORADO BLVDAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90041ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (26 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
LAWRENCE METZ
CHAIR10.00XX000
SHELDON MCKOWAN
1ST VICE CHAIR10.00XX000
GREG PORTER
2ND VICE CHAIR10.00XX000
SCOTT GRIBBONS
TREASURER10.00XX000
JOHN M DODD
SECRETARY10.00XX000
JOHN BUCK
DIRECTOR5.00X000
VINCE CARDINALE
DIRECTOR5.00X000
RICHARD FRAWLEY
DIRECTOR5.00X000
ADAM KNABE
DIRECTOR5.00X000
RAY DONCKELS
DIRECTOR5.00X000
PAT ENGEL
DIRECTOR5.00X000
JERRY HORWEDEL
DIRECTOR5.00X000
JOHN DUCA
DIRECTOR5.00X000
MARV WILLIAMS
DIRECTOR5.00X000
JOHN CERMAK
DIRECTOR5.00X000
MICHAEL MASTRO
CEO55.00X3246730176141
RICHARD ROMERO
COO50.00X179862036363
CYNTHIA IWAMOTO
CFO50.00X167753032193
GEORGE KINGS
VP INFORMATION TECHNOLOGY50.00190380030769X
GREG SELTZER
VP LENDING50.00165873033665X
SANDRA VANOVER
VP HUMAN RESOURCES50.00156963035899X
JASON TORREY-PAYNE
FINANCIAL ADVISOR40.00292968025625X
DIXIE ABRAMIAN
VP MARKETING50.00148468048268X
EVANY PERKINS
VP MEMBER SERVICE50.00137337018438X
CHIRSTOPHER CONDON
MANAGER IT50.00134107026834X
WILLIAM LOWERY
FACILITIES MANAGER40.00110908017115X
FieldValueIRS element (for citing)
Total Reportable Comp From Org2009292TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation481310TotalOtherCompensation
Number Individuals GT100 K12NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
TAYLOR CONSTRUCTION DEVELOPMENT INC
28035 SMYTH DRIVEVALENCIACA91355CONSTRUCTION OF BUILDING1524715
AMERICAN SHARE INSURANCE
5656 FRANTZ ROADDUBLINOH43017PROVIDE COVERAGE OF MEMBER SHARE BALANCE1263309
BLUE SHIELD
PO BOX 629014EL DORADO HILLSCA95762MEDICAL INSURANCE PROVIDER852307
OPEN SOLUTIONS INC
455 WIONDING BROOK DRGLASTONBURYCT06033DATA PROCESSING/CONSULTING545985
DIGITAL INSIGHT
P O 515306LOS ANGELESCA90051BILL PAY PROVIDER536408
FieldValueIRS element (for citing)
Number Of Contractors GT100 K22NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
LOAN INCOME5221003655267436552674
MISCELLANEOUS INCOME52210025558752555875
INTERCHANGE INCOME52210023885972388597
FEE INCOME5221002208904216751541389
REAL ESTATE FEE INCOME90009910895631089563

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

FieldValueIRS element (for citing)
Total Revenue Column479029TotalRevenueColumn
Related Or Exempt Function Income479029RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue45274642TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1528827TotalRevenueColumn
Exclusion$1,528,827ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column46803469TotalRevenueColumn
Related Or Exempt Function Income45233253RelatedOrExemptFunctionIncome
Unrelated Business Revenue41389UnrelatedBusinessRevenue
Exclusion$1,528,827ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total15000Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total10676364Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total1530534Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total7242430Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total496254Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total1121107Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total621488Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total143630Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total59347Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total3170632Total

Advertising Advertising

FieldValueIRS element (for citing)
Total726356Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total2075902Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total1943411Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total200675Total

Interest Interest

FieldValueIRS element (for citing)
Total470939Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1202175Total

Insurance Insurance

FieldValueIRS element (for citing)
Total194284Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotal
PROVISION FOR LOAN LOSS14636632
LOAN SERVICING EXPENSE1691782
ASI ASSESSMENT1213597
MISCELLANEOUS EXPENSE919701

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total243946Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total50596186Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY751788BOY
EOY1939742EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY864831BOY
EOY1739507EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY676251706BOY
EOY594717069EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY4535524BOY
EOY1844936EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis39067625LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec15408883LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY19928819BOY
EOY23658742EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY19859784BOY
EOY86378448EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY148510603BOY
EOY131548828EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY18110859BOY
EOY20248113EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY888813914BOY
EOY862075385EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY2746461BOY
EOY3666017EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY203331BOY
EOY133013EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY12950000BOY
EOY6000000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY794115384BOY
EOY777320028EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY810015176BOY
EOY787119058EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY78798738BOY
EOY74956327EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY78798738BOY
EOY74956327EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY888813914BOY
EOY862075385EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-3792717ReconcilationRevenueExpenses
Reconcilation Other Changes-49694ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtc
Included On FS1IncludedOnFS

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis2653197OtherCostOrOtherBasis
Book Value2653197BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis10601395OtherCostOrOtherBasis
Depreciation1636496Depreciation
Book Value8964899BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis807235OtherCostOrOtherBasis
Book Value807235BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis18457099OtherCostOrOtherBasis
Depreciation10184031Depreciation
Book Value8273068BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis6548699OtherCostOrOtherBasis
Depreciation3588356Depreciation
Book Value2960343BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings23658742TotalOfBookValueLandBuildings

Other Securities OtherSecurities (3 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
WESCORP INVESTMENTS19330317C
CENCORP INVESTMENTS3871891C
OTHER INSTITUTION INVESTMENTS108346620C
FieldValueIRS element (for citing)
Total Of Book Value Securities131548828TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionMEMBER SHARE DEPOSITSDescription
Amount$777,320,028Amount
FieldValueIRS element (for citing)
Total Of Amounts777320028TotalOfAmounts

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
PART IV, LINE 2B:LAFCU HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS.
PART X:IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSES IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATION.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantEDUCATIONAL SCHOLARSHIPSTypeOfGrant
Number Of Recipients5NumberOfRecipients
Amount Of Cash Grant15000AmountOfCashGrant

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: EACH YEAR LAFCU OFFERS FIVE SCHOLARSHIP AWARDS. APPLICANTS ARE REQUIRED TO SUBMIT INFORMATION REGARDING THEIR CURRENT GPA, ANY VOLUNTEER WORK, COMMUNITY ACTIVITIES, AWARDS, ETC. IN ADDITION, EACH APPLICANT IS REQUIRED TO SUBMIT AN ESSAY ON A TOPIC LAFCU CHOOSES. THE ESSAYS ARE REVIWED BY THE QUALITY COMMITTEE AND THE TOP TEN ARE SENT FOR FURTHER REVIEW BY A SELECTED GROUP OF BOARD MEMBERS. THE TOP FIVE OVERALL SCORES ARE SELECTED AS RECIPIENTS.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsXTravelForCompanions
Written Policy Re T And E Expenses1WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Independent ConsultantXIndependentConsultant
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
MICHAEL MASTRO
3011850002348801512630248780500814000
RICHARD ROMERO
1506780158420133420177600186030216225000
CYNTHIA IWAMOTO
143921014075097570158310163620199946000
GEORGE KINGS
166050016101082290188890118800221149000
GREG SELTZER
144900014232067410163990172660199538000
SANDRA VANOVER
140962013440025610154430204560192862000
JASON TORREY-PAYNE
390000200002519680121100135150318593000
DIXIE ABRAMIAN
133097012810025610146410336270196736000
EVANY PERKINS
12336601131002661013581048570155775000
CHIRSTOPHER CONDON
119165010748041940134860133480160941000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 1AReturnReference
ExplanationLAFCU PROVIDES TRAVEL FOR COMPANIONS. THE COST OF COMPANION TRAVEL IS TREATED AS COMPENSATION TO THE APPROPRIATE LACU EMPLOYEE OR MEMBER OF THE BOARD.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
NEW PROGRAM SERVICESFORM 990, PART III, LINE 2IN MARCH 2010, LOS ANGELES FIREMEN'S CREDIT UNION PARTNERED WITH AN INSURANCE COMPANY TO CREATE "FIREFIGHTERS INSURANCE SERVICES" (FIS). THIS SERVICE PROVIDES MEMBERS WITH COMPETITIVE RATES FOR AUTO, HOMEOWNERS, EARTHQUAKE AND LIFE INSURANCE. THROUGH FIS WE ALSO OFFER INSURANCE COVERAGE TO LARGE ORGANIZATIONS SUCH AS OTHER CREDIT UNIONS.
FORM 990, PART VI, SECTION A, LINE 6THE 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 OR EXCESS DUES IN THE FORM OF CASH DIVIDENDS.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS 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 11FORM 990 WILL BE REVIEWED BY THE CFO AND CEO AND ALSO PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CON AN ANNUAL BASIS ALL EMPLOYEES AND BOARD OF DIRECTORS COMPLETE AND SIGN AN INDIVIDUAL DISCLOSURE INDICATING ANY POSSIBLE CONFLICT OF INTEREST. THIS IS THEN REVIEWED BY HUMAN RESOURCES, INTERNAL AUDIT, AND THE SUPERVISORY COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 15ON AN ANNUAL BASIS HUMAN RESOURCES COMPLETES AN ANALYSIS OF ALL POSITIONS UTILIZING DATA FROM THIRD PARTY SURVEYS AND PRESENTS THE COMPENSATION TO THE CEO. IN ADDITION, ON OCCASION, THE CREDIT UNION WILL USE AN INDEPENDENT THIRD PARTY TO CONDUCT A DETAILED REVIEW FOR OFFICERS AND KEY EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE CREDIT UNION ALSO SENDS QUARTERLY CALL REPORT DATA ON THIER FINANCIALS TO THE REGULATORY AGENCY, NCUA.
CHANGES IN NET ASSETS OR FUND BALANCES:FORM 990, PART XI, LINE 5:UNREALIZED LOSS FOR OTHER COMPREHENSIVE INV & CUSO EQUITY POSITION CHANGE -49,694. TOTAL TO FORM 990, PART XI, LINE 5: -49,694.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1LA FIRE CU HOLDINGS LLCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1815 COLORADO BLVDAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90041ZIPCode
FieldValueIRS element (for citing)
EIN320206848EIN
Primary ActivitiesHOLDING COMPANYPrimaryActivities
Legal Domicile StateCALegalDomicileState
Total Income87TotalIncome
EOY Assets0EOYAssets
Direct Controlling Entity NAN/ADirectControllingEntityNA

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1FIRE FAMILY FOUNDATIONBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1815 COLORADO BLVDAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code90041ZIPCode
FieldValueIRS element (for citing)
EIN364613248EIN
Primary ActivitiesFUNDRAISINGPrimaryActivities
Legal Domicile StateCALegalDomicileState
Exempt Code Section501(C)(3)ExemptCodeSection
Public Charity Status170(B)(1)(A)(VI)PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LA FIREMEN'S CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Controlled Org0ControlledOrg

Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateDirect Controlling Entity NADirectControllingEntityNAType Of EntityTypeOfEntityShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsPercentage OwnershipPercentageOwnership
PACIFIC WEST ESCROW INC
815 COLORADO BLVDLOS ANGELESCA90041300426739ESCROW SERVICESCAN/AC1787471566001.00000
FIREFIGHTER INSURANCE SERVICES
815 COLORADO BLVDLOS ANGELESCA90041271428085INSURANCE SERVICESCAN/AS27961273780.51000
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg