2011-11-03T08:39:41-05:00 2010-12-31 DELEON & STANG CPA'S 100 LAKEFOREST BLVD STE 650 GAITHERSBURG MD 208772609 990 2010-01-01 951593663 SAN DIEGO METROPOLITAN CREDIT UNION SAND 6192974835 PO BOX 719099 SAN DIEGO CA 921719099 STAN ABRAMS 6192974835 2011-10-24 true ALLEN P DELEON CPA 3019489825 2011-11-03 2010 2016-03-07 17:11:31Z STAN ABRAMS PO BOX 719099 SAN DIEGO CA 921719099 16064497 false X WWW.SDMCU.ORG X 1934 CA EARNING YOUR TRUST. BUILDING YOUR FUTURE. 14 14 103 15 330152 -31534 0 15178456 12929274 -141164 -211376 5426360 3135223 20463652 15853121 0 4412231 1947867 4906907 4814809 0 0 18877856 11170156 28196994 17932832 -7733342 -2079711 265255829 257579496 251748087 242237518 13507742 15341978 X EARNING YOUR TRUST. BUILDING YOUR FUTURE. false false 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. 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. false false false false false false false true false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 13 0 true 103 true true true false false false false false X 14 14 false false false false false true true true true false false false true true true false true true false false CA X JOHN STABLER 6192785752 POBOX 719099 SAN DIEGO CA 921719099 MARCIA MCLATCHY 1.00 X 0 0 0 RON YAGURA 1.00 X 0 0 0 CRUZ GONZALEZ 1.00 X 0 0 0 ROBERT LAWERENCE 1.00 X 0 0 0 MICHAEL AHLERING 1.00 X 0 0 0 DOMINICK BOCCIA 1.00 X 0 0 0 MARCIA SAMUELS 1.00 X 0 0 0 CHARLES YACKLY 1.00 X 0 0 0 MICHAEL RICH 1.00 X 0 0 0 STAN ABRAMS 45.00 X 169539 0 17923 LINDA ROSSI 45.00 X 131017 0 15829 MARSHALL TANNEBERGER 45.00 X 107738 0 5387 REBECCA RAMOS-ARZOLA 45.00 X 104744 0 16759 513038 55898 4 false true false DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 HOMEBANKING 265741 XP SYSTEMS 75 REMITTANCE DR SUITE 6963 CHICAGO IL 606756963 DATA PROCESSING 231298 PACIFICARE DEPARTMENT 1581 LOS ANGELES CA 90088 EMPLOYEE BENEFI 185293 3 LOANS TO MEMBERS 12929274 12929274 12929274 211376 -211376 -211376 -211376 FEES & CHARGES 2805071 2805071 CONSULTING & INVESTMENT 524298 330152 330152 3135223 15853121 15522969 330152 1947867 4018158 117282 354168 325201 29847 72737 551849 263102 428440 644463 621775 6847 1050 7631 495946 83595 PROVISION FOR LOAN LOSSES 3473276 IMPAIRMENT OF DEBT SECURI 2047356 VISA COSTS 432976 STABILIZATION EXPENSE 317408 MEMBER INSURANCE 294126 1397732 17932832 0 0 0 18252349 28165277 197359425 177361404 12454564 6999239 5087545 5455325 34770533 36565771 9785977 10031719 265255829 257579496 3005268 2781738 248742819 239455780 251748087 242237518 X 13507742 15341978 13507742 15341978 265255829 257579496 -2079711 3913947 X false true true false false false false false false false false false false false 2275000 2275000 3248497 1205509 2042988 992445 758913 233532 5938622 5034817 903805 5455325 MEMBERS SHARES 239455780 NOTES PAYABLE 239455780 15853121 17932832 -2079711 -2079711 15853121 15853121 15853121 17932832 17932832 17932832 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 X X X false false false STAN ABRAMS 169539 17923 187462 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.