2011-11-15T08:12:11-06:00 2010-12-31 RSM MCGLADREY INC 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2010-01-01 942407726 SANTA CRUZ COMMUNITY CREDIT UNION SANT 8314602359 324 FRONT STREET SANTA CRUZ CA 95060 KELLY DILLON 8314602359 2011-11-11 1 COLLIN F BUZZELL 6125738750 2010 2016-02-24 21:20:13Z KELLY DILLON 324 FRONT STREET SANTA CRUZ CA 95060 6180693 0 X WWW.SCCCU.ORG X 1977 CA THE SANTA CRUZ COMMUNITY CREDIT UNION (SCCCU) IS A STATE CHARTERED CREDIT UNION OPERATING TO PROMOTE ECONOMIC JUSTICE. 9 9 36 3 0 0 0 0 5361733 4809635 138600 102626 1285432 1268432 6785765 6180693 0 0 543493 285385 1972071 1917875 0 0 0 4208977 2604798 6724541 4808058 61224 1372635 82377368 87916388 75952820 80503916 6424548 7412472 THE SANTA CRUZ COMMUNITY CREDIT UNION IS A STATE CHARTERED CREDIT UNION OPERATING TO PROMOTE ECONOMIC JUSTICE. 0 0 THE CREDIT UNION PROVIDES CONSUMER LENDING PRODUCTS INCLUDING REAL ESTATE, VEHICLE, CREDIT CARDS, COMMUNITY DEVELOPMENT, SBA, AND OTHER PERSONAL LOANS. THE CREDIT UNION PROVIDES BUSINESS LENDING PRODUCTS INCLUDING REAL ESTAE, VEHICLE, CREDIT CARDS, COMMUNITY DEVELOPMENT, SBA, AND OTHER BUSINESS LOANS. THE CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL PRODUCTS SERVICES INCLUDING FIXED INCOME SAVINGS INSTRUMENTS, SHARE-DRAFT, AND IRA ACCOUNTS. 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 2589 0 1 36 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X KELLY DILLON 8314602340 324 FRONT STREET SANTA CRUZ CA 95060 MICHAEL MEARA 1.00 X X 0 0 0 ERIC GRABIEL 1.00 X X 0 0 0 CHRISTINA CUEVAS 1.00 X X 0 0 0 KIMBERLY HALLINAN 1.00 X X 0 0 0 MARY BENNETT 1.00 X 0 0 0 KEN KIMES 1.00 X 0 0 0 CHUCK TREMPER 1.00 X 0 0 0 MARIO MALDONADO 1.00 X 0 0 0 PABLO REGUERIN 1.00 X 0 0 0 GEORGE NEWELL 1.00 X 0 0 0 ALISA THOMAS 1.00 X 0 0 0 GINGER MCNALLY 40.00 X 206412 0 6271 SHAWN PADILLA 40.00 X 87237 0 4029 WILLIAM MYERS 40.00 X 25884 0 0 319533 0 10300 1 0 1 0 AETNA PO BOX 894920 LOS ANGELES CA 90189 MEDICAL INSURANCE 169517 XP SYSTEMS 75 REMITTANCE DR STE 6963 CHICAGO IL 60675 XP SUPPORT 154823 2 INTEREST INCOME 522100 3703583 3703583 FEE INCOME 522100 1106052 1106052 4809635 102626 102626 CDFI GRANT 522100 1149891 1149891 MISCELLANEOUS REVENUE 522100 118541 118541 1268432 6180693 6078067 0 102626 285385 329834 1278200 179358 130483 219506 84622 133356 254291 205908 28875 20729 218505 68200 PROVISION FOR LOAN LOSS 536457 OTHER OPERATING EXPENSE 369303 NCUSIF STABILIZATION EX 180999 COST OF LOANS 151045 DEBIT CARD EXPENSES 133002 4808058 7224938 19524421 313620 239718 64631675 57426787 5693376 2115597 3755617 3577779 1791628 5554146 3676300 615600 983590 977937 82377368 87916388 834149 265629 2250000 3078000 72868671 77160287 75952820 80503916 X 0 0 0 0 6424548 7412472 6424548 7412472 82377368 87916388 X 1372635 -384711 X 0 1 1 X 0 749635 749635 3187462 588282 2599180 113535 113535 0 1642744 1413780 228964 3577779 MEMBER SHARE DEPOSITS 77160287 77160287 6180693 4808058 1372635 -384711 -384711 987924 6180693 0 6180693 0 6180693 4808058 0 4808058 0 4808058 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CREDIT UNION ADOPTED FIN 48 ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET CHANGE IN UNREALIZED GAINS ON SECURITIES AVAILABLE FOR SALE 15,180. NET CHANGE IN CDFI GRANT -399,891. X X X X 1 0 0 GINGER MCNALLY 100007 0 1000 0 105405 0 1928 0 4343 0 212683 0 0 0 PART I, LINE 4A GINGER MCNALLY, CEO, RECEIVE A SEVERANCE PAYMENT IN THE AMOUNT OF $103,478. 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 THE CFO REVIEWS FORM 990 PRIOR TO FILING; SUBSEQUENTLY A COPY OF THE FORM IS DISTRIBUTED TO THE SUPERVISORY AND FINANCE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND MANAGEMENT REVIEW, UPDATE AND DISTRIBUTE THE CONFLICT OF INTEREST POLICY TO ALL STAFF AND VOLUNTEERS OF THE ORGANIZATION. THE MOST RECENT POLICY IS REVIEWED AND SIGNED BY ALL STAFF ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT THIRD PARTY COMPENSATION AND PERFORMANCE MANAGEMENT SYSTEM, HRN - COMPEASE, I-PERFORMEASE SOFTWARE. ANNUALLY, THE THIRD PARTY VENDOR AND SYSTEM INDEPENDENTLY GATHER CREDIT UNION COMPENSATION DATA BASED ON FIVE OBJECTIVE COMPENSABLE FACTORS AND THE DATA IS INPUT INTO OUR COMPENSATION SYSTEM. THE ANNUAL COMPENSATION DATA IS ALSO SHARED WITH THE BOARD AND ANNUAL COMPENSATION BUDGETS ARE REVIEWED AND AUTHORIZED BY THE BOARD. INTERNALLY, THE PERFORMANCE MANAGEMENT SOFTWARE DETERMINES ONE'S PERFORMANCE AND CORRESPONDING COMPENSATION LEVEL. THE CEO REVIEWS AND APPROVES ALL STAFF AND MANAGEMENT LEVEL COMPENSATION, AND THE BOARD OVERSEES AND AUTHORIZES THE CEO PERFORMANCE MANAGEMENT AND COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 SCCCU HAS LOBBY SIGNAGE INDICATING THAT OUR GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET CHANGE IN UNREALIZED GAINS ON SECURITIES AVAILABLE FOR SALE 15,180. NET CHANGE IN CDFI GRANT -399,891. TOTAL TO FORM 990, PART XI, LINE 5: -384,711. SANTA CRUZ COMMUNITY VENTURES PO BOX 1877 SANTA CRUZ CA 95061 770247648 FINANCIAL EDUCATION CA 501(C)(3) 170(B)(1) (A)(VI) SANTA CRUZ COMMUNITY CREDIT UNION 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SANTA CRUZ COMMUNITY VENTURES N 115858 ACTUAL AMOUNT