WHEELHOUSE CREDIT UNION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: WHEELHOUSE CREDIT UNION (EIN 95-1593663)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-11-03
IRS object ID: 201133079349300208
Schema version: 2010v3.4
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-03T08:39:41-05:00	Timestamp
Tax Period End Date	2010-12-31	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	2010-01-01	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	2011-10-24	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	2011-11-03	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	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	16064497	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	14	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	14	NbrIndependentVotingMembers
Total Nbr Employees	103	TotalNbrEmployees
Total Nbr Volunteers	15	TotalNbrVolunteers
Total Gross UBI	330152	TotalGrossUBI
Net Unrelated Business Txbl Income	-31534	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	15178456	ProgramServiceRevenuePriorYear
Program Service Revenue CY	12929274	ProgramServiceRevenueCY
Investment Income Prior Year	-141164	InvestmentIncomePriorYear
Investment Income Current Year	-211376	InvestmentIncomeCurrentYear
Other Revenue Prior Year	5426360	OtherRevenuePriorYear
Other Revenue Current Year	3135223	OtherRevenueCurrentYear
Total Revenue Prior Year	20463652	TotalRevenuePriorYear
Total Revenue Current Year	15853121	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	4412231	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	1947867	BenefitsPaidToMembersCY
Salaries Etc Prior Year	4906907	SalariesEtcPriorYear
Salaries Etc Current Year	4814809	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	18877856	OtherExpensePriorYear
Other Expenses Current Year	11170156	OtherExpensesCurrentYear
Total Expenses Prior Year	28196994	TotalExpensesPriorYear
Total Expenses Current Year	17932832	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-7733342	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-2079711	RevenuesLessExpensesCY
Total Assets BOY	265255829	TotalAssetsBOY
Total Assets EOY	257579496	TotalAssetsEOY
Total Liabilities BOY	251748087	TotalLiabilitiesBOY
Total Liabilities EOY	242237518	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	13507742	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	15341978	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	13	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	103	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	14	NbrVotingGoverningBodyMembers
Number Independent Voting Members	14	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 (13 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
MARCIA MCLATCHY
CHAIR	1.00	X	0	0	0
RON YAGURA
BOARD MEMBER	1.00	X	0	0	0
CRUZ GONZALEZ
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 SAMUELS
BOARD MEMBER	1.00	X	0	0	0
CHARLES YACKLY
BOARD MEMBER	1.00	X	0	0	0
MICHAEL RICH
BOARD MEMBER	1.00	X	0	0	0
STAN ABRAMS
CEO	45.00		169539	0	17923	X
LINDA ROSSI
COO	45.00		131017	0	15829	X
MARSHALL TANNEBERGER
VP LENDING	45.00		107738	0	5387		X
REBECCA RAMOS-ARZOLA
VP HUMAN RES	45.00		104744	0	16759		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	513038	TotalReportableCompFromOrg
Total Other Compensation	55898	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 (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation	Address Line2AddressOfContractor/AddressUS/AddressLine2
DIGITAL INSIGHT
PO BOX 515306	LOS ANGELES	CA	900516606	HOMEBANKING	265741
XP SYSTEMS
75 REMITTANCE DR	CHICAGO	IL	606756963	DATA PROCESSING	231298	SUITE 6963
PACIFICARE
DEPARTMENT 1581	LOS ANGELES	CA	90088	EMPLOYEE BENEFI	185293

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	LOANS TO MEMBERS	Description
Total Revenue Column	12929274	TotalRevenueColumn
Related Or Exempt Function Income	12929274	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	12929274	TotalProgramServiceRevenue

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	211376	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-211376	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-211376	TotalRevenueColumn
Related Or Exempt Function Income	-211376	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
FEES & CHARGES	2805071	2805071
CONSULTING & INVESTMENT	330152		524298	330152

Field	Value	IRS element (for citing)
Total Other Revenue	3135223	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	15853121	TotalRevenueColumn
Related Or Exempt Function Income	15522969	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	330152	UnrelatedBusinessRevenue

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	1947867	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	4018158	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	117282	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	354168	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	325201	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	29847	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	72737	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	551849	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	263102	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	428440	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	644463	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	621775	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	6847	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1050	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	7631	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	495946	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	83595	Total

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal
PROVISION FOR LOAN LOSSES	3473276
IMPAIRMENT OF DEBT SECURI	2047356
VISA COSTS	432976
STABILIZATION EXPENSE	317408
MEMBER INSURANCE	294126

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1397732	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	17932832	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	18252349	BOY
EOY	28165277	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	197359425	BOY
EOY	177361404	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	12454564	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	6999239	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5087545	BOY
EOY	5455325	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	34770533	BOY
EOY	36565771	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	9785977	BOY
EOY	10031719	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	265255829	BOY
EOY	257579496	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3005268	BOY
EOY	2781738	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	248742819	BOY
EOY	239455780	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	251748087	BOY
EOY	242237518	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	13507742	BOY
EOY	15341978	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	13507742	BOY
EOY	15341978	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	265255829	BOY
EOY	257579496	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-2079711	ReconcilationRevenueExpenses
Reconcilation Other Changes	3913947	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	3248497	OtherCostOrOtherBasis
Depreciation	1205509	Depreciation
Book Value	2042988	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	992445	OtherCostOrOtherBasis
Depreciation	758913	Depreciation
Book Value	233532	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	5938622	OtherCostOrOtherBasis
Depreciation	5034817	Depreciation
Book Value	903805	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5455325	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
MEMBERS SHARES	$239,455,780
NOTES PAYABLE

Field	Value	IRS element (for citing)
Total Of Amounts	239455780	TotalOfAmounts
Total Revenue	15853121	TotalRevenue
Total Expenses	17932832	TotalExpenses
Excess Or Deficit For Year	-2079711	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-2079711	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	15853121	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	15853121	RevenueSubtotal
Total Revenue Per Form990	15853121	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	17932832	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	17932832	ExpensesSubtotal
Total Expenses Per Form990	17932832	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	IMPAIRMENT OF DEBT SECURITIES 0 IMPAIRMENT OF DEBT SECURITIES 0
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	IMPAIRMENT OF DEBT SECURITIES 0
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 4B	IMPAIRMENT OF DEBT SECURITIES 0

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	169539	BaseCompensationFilingOrg
Nontaxable Benefits Filing Org	17923	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	187462	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 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 ACHIEVEMENT 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 ACHIEVEMENT 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.