SAFE CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SAFE CREDIT UNION (EIN 94-1179501)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-09
- IRS object ID
- 201141299349300419
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-09T09:08:46-05:00 | 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 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | 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 | 941179501 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAFE CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SAFE | NameControl |
| Phone | 9169714554 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 MADISON AVENUE | AddressLine1 |
| City | NORTH HIGHLANDS | City |
| State | CA | State |
| ZIP Code | 95660 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRIS HARRIS | Name |
| Title | CFO | Title |
| Phone | 9169714554 | Phone |
| Date Signed | 2011-05-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | COLLIN F BUZZELL | Name |
| Phone | 6125738750 | Phone |
| 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 | HENRY W WIRZ | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 MADISON AVENUE | AddressLine1 |
| City | NORTH HIGHLANDS | City |
| State | CA | State |
| ZIP Code | 95660 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 102026406 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 1526 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.SAFECU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1940 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | SAFE CREDIT UNION'S MISSION IS TO HELP MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING, PROVIDE EXCELLENT SERVICE, AND ENSURE A FINANCIALLY SOUND CREDIT UNION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 530 | TotalNbrEmployees |
| Total Nbr Volunteers | 5 | TotalNbrVolunteers |
| Total Gross UBI | 1287461 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 86603420 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 91450637 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8937480 | InvestmentIncomePriorYear |
| Investment Income Current Year | 8271230 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 8684859 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1913430 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 104225759 | TotalRevenuePriorYear |
| Total Revenue Current Year | 101635297 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 554218 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 252955 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 17043884 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 14304623 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 24510001 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 26677471 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 53904386 | OtherExpensePriorYear |
| Other Expenses Current Year | 52609908 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 96012489 | TotalExpensesPriorYear |
| Total Expenses Current Year | 93844957 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 8213270 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7790340 | RevenuesLessExpensesCY |
| Total Assets BOY | 1730511986 | TotalAssetsBOY |
| Total Assets EOY | 1695023052 | TotalAssetsEOY |
| Total Liabilities BOY | 1589439441 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1550251390 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 141072545 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 144771662 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SAFE CREDIT UNION'S MISSION IS TO HELP MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING, PROVIDE EXCELLENT SERVICE, AND ENSURE A FINANCIALLY SOUND CREDIT UNION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | SAFE SHALL EXERCISE ALL THE POWERS OF A CORPORATION UNDER THE NONPROFIT MUTUAL BENEFIT CORPORATION LAW TO THE EXTENT PROVIDED BY SECTION 14100 OF THE FINANCIAL CODE. THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN THE BUSINESS OF A CREDIT UNION AND ANY OTHER LAWFUL ACTIVITIES NOT PROHIBITED TO A CREDIT UNION BY APPLICABLE LAWS AND REGULATIONS. SAFE HAS SERVED THE SACRAMENTO AREA SINCE 1940, AND NOW HAS MEMBERSHIP SPANNING 12 COUNTIES IN NORTHERN CALIFORNIA. SAFE HAS 20 BRANCHES IN FOUR OF THESE COUNTIES: SACRAMENTO, PLACER, YOLO, AND EL DORADO. SAFE SERVES APPROXIMATELY 150,000 MEMBERS. SAFE OFFERS DEPOSITORY, LENDING, AND OTHER FINANCIAL PRODUCTS AND SERVICES TO HELP ITS MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING. AS A NON-PROFIT, SAFE IS ABLE TO DELIVER BENEFITS TO ITS MEMBERSHIP THROUGH LOWER LOAN RATES AND HIGHER DEPOSIT RATES. IN ADDITION, SAFE MEMBERS ENJOY THE FOLLOWING BENEFITS: ACCESS TO 25,000 ATMS NATIONWIDE, ACCESS TO 2,500 SHARED BRANCH LOCATIONS NATIONWIDE, ABILITY TO PERFORM POINT-OF-SALE (POS) TRANSACTIONS, FREE ONLINE BANKING AND BILL PAY, FINANCIAL MANAGEMENT TOOLS, AND EARLY PAYDAY WITH DIRECT DEPOSIT. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SAFE OFFERS A VARIETY OF DEPOSIT PRODUCTS INCLUDING: SAVINGS, CHECKING, MONEY MARKET, CERTIFICATE, RETIREMENT, BUSINESS, HOLIDAY CLUB, AND YOUTH ACCOUNTS. DEPOSITS ARE FEDERALLY INSURED TO AT LEAST $250,000 AND BACKED BY THE FULL FAITH AND CREDIT OF THE UNITED STATES GOVERNMENT. SAFE'S DEPOSIT RATES ARE VERY COMPETITIVE WITH THE MARKET AND ARE TYPICALLY HIGHER THAN BANKS. SAFE'S FEATURES BOTH LOW AND NO-COST CHECKING PRODUCTS AS WELL AS THOSE WITH HIGHER DIVIDEND RATES. MEMBERS CAN TRANSFER FUNDS FROM ONE DEPOSIT PRODUCT OR ACCOUNT TO ANOTHER QUICKLY AND SEAMLESSLY THROUGH OUR ONLINE BANKING AND TELEPHONE SYSTEMS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SAFE OFFERS A VARIETY OF LOW-RATE LOAN PRODUCTS TO HELP MEMBERS WITH THEIR FINANCING NEEDS. AVAILABLE LOAN PRODUCTS INCLUDE: AUTO LOANS, REAL ESTATE MORTGAGE LOANS, HOME EQUITY LINES OF CREDIT, HOME IMPROVEMENT LOANS, VISA CREDIT CARDS, SMALL BUSINESS LOANS, STUDENT LOANS, AND OTHER SECURED AND UNSECURED LOANS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FINANCIAL PLANNING SERVICES, INSURANCE PRODUCTS, AND THE PARTICIPATION IN MANY COMMUNITY-RELATED EVENTS AND SUPPORT OF NON-PROFIT ORGANIZATIONS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 1 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 39322 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 530 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRIS HARRIS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9169714554 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 MADISON AVENUE | AddressLine1 |
| City | NORTH HIGHLANDS | City |
| State | CA | State |
| ZIP Code | 956605024 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| RONALD J SEAMAN | ||||||||
| CHAIRMAN | 15.00 | X | X | 0 | 0 | 0 | ||
| PHILLIP A MESERVE | ||||||||
| 1ST VICE CHAIRMAN | 8.00 | X | X | 0 | 0 | 0 | ||
| DONALD F HUG | ||||||||
| 2ND VICE CHAIRMAN | 8.00 | X | X | 0 | 0 | 0 | ||
| KATHERN L GASKINS | ||||||||
| TREASURER | 13.00 | X | X | 0 | 0 | 0 | ||
| JAMES JEFFERSON | ||||||||
| SECRETARY | 6.00 | X | X | 0 | 0 | 0 | ||
| JAMES W HOPP | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| HERB LONG | ||||||||
| DIRECTOR | 4.00 | X | 0 | 0 | 0 | |||
| TERRANCE TREMELLING | ||||||||
| DIRECTOR | 6.00 | X | 0 | 0 | 0 | |||
| BRYAN K PEPPERS | ||||||||
| DIRECTOR | 8.00 | X | 0 | 0 | 0 | |||
| HENRY W WIRZ | ||||||||
| CEO | 40.00 | X | 398564 | 0 | 247099 | |||
| DAVID F ROUGHTON | ||||||||
| COO | 40.00 | X | 256224 | 0 | 2317 | |||
| CHRIS HARRIS | ||||||||
| CFO | 40.00 | X | 130876 | 0 | 1332 | |||
| DAVID D POPE | ||||||||
| SVP | 40.00 | 189563 | 0 | 10456 | X | |||
| SHARON K WHITELEY | ||||||||
| SVP | 40.00 | 167258 | 0 | 2445 | X | |||
| VIRGINIA L WADE | ||||||||
| SVP | 40.00 | 139349 | 0 | 5401 | X | |||
| PAUL RIGDON | ||||||||
| VP | 40.00 | 131072 | 0 | 11115 | X | |||
| JAMES ALLEN | ||||||||
| VP | 40.00 | 131717 | 0 | 1367 | X | |||
| DANA COCHRAN-LANZARO | ||||||||
| REGISTERED INVESTMENT REP | 40.00 | 171583 | 0 | 7796 | X | |||
| WILLIAM SIMMONS | ||||||||
| REGISTERED INVESTMENT REP | 40.00 | 139575 | 0 | 11791 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1855781 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 301119 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BENEFIT & RISK MANAGEMENT SERVICES | |||||
| PO BOX 2650 | RANCHO CORDOVA | CA | 95741 | BENEFIT MANAGEMENT SERVICES/MEDICAL INSU | 3082035 |
| DIGITAL INSIGHT | |||||
| PO BOX 515306 | LOS ANGELES | CA | 90051 | ONLINE BANKING SERVICES | 1383131 |
| FISERV | |||||
| 4500 SW RESEARCH WAY | CORVALLIS | OR | 97333 | INFORMATION SYSTEMS | 719856 |
| BRINK'S INC | |||||
| PO BOX 619031 | DALLAS | TX | 752619031 | ARMORED CAR TRANSPORT | 700474 |
| AT&T | |||||
| PAYMENT CENTER | SACRAMENTO | CA | 958870001 | PHONE & INTERNET | 669245 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 40 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS TO M | 522100 | 64567973 | 64567973 | |
| ACCOUNT SERVICE FEES | 522100 | 10654921 | 10654921 | |
| ATM AND DEBIT CARD FEE | 522100 | 10634003 | 9871270 | 762733 |
| LOAN FEES | 522100 | 3755296 | 3755296 | |
| SECURITIES & INSURANCE | 522100 | 1838444 | 1574156 | 264288 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 91450637 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8213589 | TotalRevenueColumn |
| Exclusion | $8,213,589 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 138190 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 66220 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 71970 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 71970 | TotalRevenueColumn |
| Related Or Exempt Function Income | 71970 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 382530 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 324889 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 382530 | Securities |
| Other | -324889 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 57641 | TotalRevenueColumn |
| Exclusion | $57,641 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER NON-INTEREST INC | Description |
| Business Code | 522100 | BusinessCode |
| Total Revenue Column | 1841460 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1581020 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 260440 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1841460 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 101635297 | TotalRevenueColumn |
| Related Or Exempt Function Income | 92076606 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1287461 | UnrelatedBusinessRevenue |
| Exclusion | $8,271,230 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242955 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10000 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14304623 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1406135 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19739439 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 704456 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3054410 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1773031 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 220799 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151407 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66939 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 269280 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1241033 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4498913 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7103120 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3190526 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65649 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 153182 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10836 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3373629 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 263817 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 24483177 |
| MISCELLANEOUS EXPENSE | 2866609 |
| NCUSIF EXPENSE | 2376654 |
| LOAN SERVICING EXPENSE | 2274338 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93844957 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100975086 | BOY |
| EOY | 152441026 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1034827450 | BOY |
| EOY | 979698158 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 70773364 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 36891613 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36697476 | BOY |
| EOY | 33881751 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 479251619 | BOY |
| EOY | 443752491 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16038986 | BOY |
| EOY | 14975580 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62721369 | BOY |
| EOY | 70274046 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1730511986 | BOY |
| EOY | 1695023052 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9421315 | BOY |
| EOY | 10314559 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 439000 | BOY |
| EOY | 502000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1579579126 | BOY |
| EOY | 1539434831 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1589439441 | BOY |
| EOY | 1550251390 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141072545 | BOY |
| EOY | 144771662 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141072545 | BOY |
| EOY | 144771662 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1730511986 | BOY |
| EOY | 1695023052 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 7790340 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -4091222 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 25090 | PoliticalExpenditures |
| Amt Expended For527 Activities | 19090 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 6000 | AmtOfInternalFundsContributed |
| Total Exmpt Function Expenditures | 25090 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | 1 | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs
Name Of527 Organization NameOf527Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA CREDIT UNION LEAGUE PAC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 K ST SUITE 1050 | AddressLine1 |
| City | SACRAMENTO | City |
| State | CA | State |
| ZIP Code | 95814 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942329967 | EIN |
| Amt Pd From Internal Funds | 6000 | AmtPdFromInternalFunds |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: | Identifier |
| Return Reference | PART I-A, LINE 1: | ReturnReference |
| Explanation | SAFE IS A COMMUNITY-BASED CREDIT UNION THAT HAS SIGNIFICANT INTERFACE WITH LOCAL, STATE, AND FEDERAL GOVERNMENT OFFICIALS AND ENTITIES. WE PARTICIPATE IN THE POLITICAL PROCESS SO WE HAVE AN OPPORTUNITY TO PROVIDE INPUT ON LEGISLATION THAT AFFECTS CREDIT UNIONS. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7136755 | OtherCostOrOtherBasis |
| Book Value | 7136755 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 31544096 | OtherCostOrOtherBasis |
| Depreciation | 9226580 | Depreciation |
| Book Value | 22317516 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3253847 | OtherCostOrOtherBasis |
| Depreciation | 2072439 | Depreciation |
| Book Value | 1181408 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 28838666 | OtherCostOrOtherBasis |
| Depreciation | 25592594 | Depreciation |
| Book Value | 3246072 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 33881751 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| OTHER INVESTMENTS | 36877005 | C |
| AVAILABLE FOR SALE SECURITIES | 406866308 | F |
| HELD-TO-MATURITY SECURITIES | 9178 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 443752491 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBERS' SHARE ACCOUNTS | $1,534,434,475 |
| PUBLIC UNIT SHARES | $5,000,356 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1539434831 | TotalOfAmounts |
| Total Revenue | 101635297 | TotalRevenue |
| Total Expenses | 93844957 | TotalExpenses |
| Excess Or Deficit For Year | 7790340 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4091222 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -4091222 | TotalAdjustments |
| Excess Or Deficit Per FS | 3699118 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 101701517 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 101701517 | RevenueSubtotal |
| Other Revenues Not Included | -66220 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -66220 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 101635297 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 93911177 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 93911177 | ExpensesSubtotal |
| Other Expenses Not Included | -66220 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -66220 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 93844957 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY REAL ESTATE TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. | |
| PART X: | MANAGEMENT HAS DETERMINED THAT NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| RENTAL EXPENSE RECLASSIFIED TO REVENUE -66,220. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| RENTAL EXPENSE RECLASSIFIED TO REVENUE -66,220. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (11 entries)
| EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|
| KVIE | |||
| 941421463 | 501(C)3 | 30000 | ANNUAL SPONSORSHIP OF VIEW FINDER EVENT AND EDUCATIONAL TELEVISION PROGRAMMING SUPPORT |
| AEROSPACE MUSEUM OF CA | |||
| 942831253 | 501(C)3 | 39495 | SPACE: DARE TO DREAM-EDUCATION SPONSOR AND OTHER COMMUNITY-RELATED SUPPORT |
| SACRAMENTO COUNTY OFFICE OF DECATHALONS | |||
| 946002536 | GOVERNMENT | 10000 | ANNUAL SPONSORSHIP OF ACADEMIC DECATHLON |
| EDUCATION FOUNDATION FOR AEROSPACE | |||
| 431988851 | 501(C)3 | 7930 | AFA WINGS OF HOPE SUPPORT FOR EDUCATIONAL AND SCHOLARSHIP EVENTS |
| FIRST TEE OF GREATER SACRAMENTO | |||
| 680023502 | 501(C)3 | 28500 | SPONSORSHIP OF FIRST TEE ORGANIZATION |
| UCD HEALTH SYSTEM | |||
| 946036494 | 501(C)(3) | 21165 | SPONSORSHIP OF UC DAVIS STUDENT SCHOLARSHIPS AND PARTICIPATION IN OTHER FUNDRAISING EVENTS. |
| AMERICAN HEART ASSOCIATION | |||
| 135613797 | 501(C)(3) | 11536 | GO RED FOR WOMEN SPONSORSHIP |
| CAPITAL AIRSHOW GROUP | |||
| 743212900 | 501(C)(3) | 10000 | SUPPORT OF ANNUAL AIRSHOW |
| SEROTONIN SURGE CHARITIES | |||
| 680411254 | 501(C)(3) | 10000 | ANNUAL SPONSORSHIP OF FUNDRAISING ACTIVITIES TO SUPPORT HEALTH CARE CLINICS AND STUDENT SCHOLARSHIPS |
| TWIN RIVERS SCHOOL DISTRICT | |||
| 261773196 | GOVERNMENT | 7175 | ANNUAL SPONSORSHIP OF ACADEMIC DECATHLON |
| JUNIOR ACHIEVEMENT OF SACRAMENTO | |||
| 946080866 | 501(C)(3) | 6000 | FINANCIAL LITERARARY PARTNERSHIP IN HIGH SCHOOLS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 9 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | STUDENT SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 10 | NumberOfRecipients |
| Amount Of Cash Grant | 10000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: COMMUNITY DONATIONS AND CONTRIBUTIONS ARE REVIEWED AND APPROVED BY SAFE'S EXECUTIVE MANAGEMENT PRIOR TO DISBURSEMENT. ALL DONATIONS AND CONTRIBUTIONS ARE REPORTED TO SAFE'S BOARD OF DIRECTORS ON A MONTHLY BASIS FOR THEIR REVIEW AND APPROVAL. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HENRY W WIRZ | |||||||||||||
| 365719 | 0 | 25643 | 0 | 7202 | 0 | 235932 | 0 | 11167 | 0 | 645663 | 0 | 0 | 0 |
| DAVID F ROUGHTON | |||||||||||||
| 231845 | 0 | 16033 | 0 | 8346 | 0 | 0 | 0 | 2317 | 0 | 258541 | 0 | 0 | 0 |
| DAVID D POPE | |||||||||||||
| 176949 | 0 | 12614 | 0 | 0 | 0 | 0 | 0 | 10456 | 0 | 200019 | 0 | 0 | 0 |
| SHARON K WHITELEY | |||||||||||||
| 156429 | 0 | 10829 | 0 | 0 | 0 | 0 | 0 | 2445 | 0 | 169703 | 0 | 0 | 0 |
| DANA COCHRAN-LANZARO | |||||||||||||
| 34559 | 0 | 10529 | 0 | 126495 | 0 | 0 | 0 | 7796 | 0 | 179379 | 0 | 0 | 0 |
| WILLIAM SIMMONS | |||||||||||||
| 30438 | 0 | 5526 | 0 | 103611 | 0 | 0 | 0 | 11791 | 0 | 151366 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | SAFE CU PAYS THE MEMBERSHIP DUES TO A LOCAL SOCIAL CLUB FOR ITS CEO. |
| PART I, LINE 1B | THE BUSINESS PURPOSE OF THIS MEMBERSHIP IS TO FACILITATE EVENTS FOR THE CREDIT UNION'S CEO AND BUSINESS ASSOCIATES. MEMBERSHIP DUES ARE INVOICED DIRECTLY TO SAFE ON A MONTHLY BASIS AND APPROVED IN ACCORDANCE WITH COMPANY EXPENSE POLICIES. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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, OR 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 | PREPARATION OF THE FORM 990 IS COORDINATED THROUGH THE COMPANY'S FINANCE DEPARTMENT AND TAX PREPARER. INFORMATION IS REQUESTED FROM AND GATHERED BY SEVERAL FUNCTIONAL AREAS AND EXECUTIVE MANAGEMENT TO ASSIST IN THE COMPLETION OF THE FORM. THROUGHOUT THE PROCESS, QUESTIONS ARE DISCUSSED WITH THE TAX PREPARER AND RESOLUTIONS ARE INCORPORATED INTO THE RETURN AS APPROPRIATE. ONCE COMPLETED, EXECUTIVE MANAGEMENT REVIEWS THE FORM FOR ACCURACY AND REASONABLENESS. THE COMPLETED FORM IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. ANY QUESTIONS OR ISSUES RAISED BY THE BOARD ARE ADDRESSED AND APPROVED PRIOR TO SUBMISSION TO THE IRS. | |
| ANY INSTANCES OF A CONFLICT OF INTEREST THAT MANAGEMENT BECOMES AWARE OF IS ESCALATED TO THE SVP OF HUMAN RESOURCES, THE CEO, AND/OR EVP. AN INVESTIGATION WOULD BE CONDUCTED TO GATHER ALL OF THE FACTS. THOSE FACTS WOULD BE USED TO DETERMINE THE APPROPRIATE ACTIONS THAT ARE WARRANTED. SAFE ALSO HAS A FORMAL PROCEDURE THAT PROVIDES EMPLOYEES OF SAFE A MEANS OF REPORTING ANY COMPLAINT OR INAPPROPRIATE ACTIVITIES DIRECTLY TO THE SUPERVISORY COMMITTEE OR DIRECTLY TO OUR REGULATOR, THE CALIFORNIA DEPARTMENT OF FINANCIAL INSTITUTIONS. LASTLY, SAFE'S INTERNAL CONTROL STRUCTURE IS DOCUMENTED, REVIEWED AND UPDATED ANNUALLY BY MANAGEMENT AND TESTED BY ITS EXTERNAL AUDITORS. INTERNAL CONTROLS ARE A VITAL PART OF HELPING TO DETECT CONFLICTS OR INAPPROPRIATE ACTIVITY WITHIN THE ORGANIZATION. | FORM 990, PART VI, SECTION B, LINE 12C | |
| APPROXIMATELY EVERY TWO YEARS SAFE ENGAGES THE SERVICES OF A COMPENSATION CONSULTANT TO BENCHMARK KEY POSITIONS AND REPORT MARKET DATA BACK TO SAFE WITH RECOMMENDATIONS. MOST RECENTLY, IN EARLY 2008, APPROXIMATELY 5 SURVEYS WERE USED TO COMPILE MARKET DATA. SAFE SET SALARY RANGE MIDPOINTS AT THE WEIGHTED AVERAGE OF THE MARKET DATA REPORTED BY OUR CONSULTANT. SAFE THEN ADJUSTS SALARIES, IF NECESSARY, TO MAKE SURE THAT FULLY SKILLED AND TRAINED KEY EMPLOYEES ARE RECEIVING COMPENSATION AT OR NEAR RANGE MID-POINT. COMPENSATION OF KEY EMPLOYEES WHO HAVE BEEN IN THE POSITION FOR AN EXTENDED PERIOD AND WHO EXCEED EXPECTATIONS MAY EXCEED THE SALARY RANGE MID-POINT. | FORM 990, PART VI, SECTION B, LINE 15 | |
| GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. ANNUAL REPORTS CONTAINING CONDENSED AUDITED FINANCIAL STATEMENTS ARE PROVIDED AT ANNUAL MEETINGS AND AVAILABLE ELECTRONICALLY ON SAFE'S WEBSITE. COMPLETE AUDITED FINANCIAL STATEMENTS ARE ALSO PROVIDED ON THE COMPANY'S WEBSITE ANNUALLY. LASTLY, SAFE'S REGULATORY 5300 CALL REPORTS ARE FILED QUARTERLY AND AVAILABLE TO THE PUBLIC VIA NCUA'S WEBSITE. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED LOSSES ON INVESTMENTS: -4,091,222. | FORM 990, PART XI, LINE 5: |