2026-07-17T13:29:59-05:00 2025-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2025-01-01 951652773 CORAZO CREDIT UNION CORA 7603521540 1602 W MAIN STREET EL CENTRO CA 92243 FIDEL GONZALEZ CEO 7603521540 2026-07-15 1 HAYKAZ VARDGESYAN CPA P01444443 8189549700 2025 2025-03-06 01:10:19Z X FIDEL GONZALEZ 1602 W MAIN STREET EL CENTRO CA 92243 22615644 0 X WWW.CORAZOCU.COM X CREDIT UNION 1942 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 7 7 74 10 47118 0 0 0 15027147 20838616 1178604 1215587 71965 132088 16277716 22186291 24879 23672 0 0 4866207 5452190 0 0 0 9075083 10115622 13966169 15591484 2311547 6594807 219267309 234609547 192597439 201399063 26669870 33210484 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST APPROVED BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, CORAZO CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS. 0 0 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO MEMBERS INCLUDING ACCESS TO SHARE ACCOUNTS, CERTIFICATES OF DEPOSIT AND RETIREMENT SAVINGS ACCOUNTS, WITH ACTIVE PROMOTION OF ATM/DEBIT CARDS, ELECTRONIC BILL PAY AND HOME BANKING. MEMBERS ALSO HAVE ACCESS TO CONSUMER LOANS INCLUDING VEHICLE LOANS, PERSONAL LINES OF CREDIT AND CREDIT CARDS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2624 0 1 74 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X VERONICA YEE ACCOUNTING MANAGER 7603521540 1602 W MAIN STREET EL CENTRO CA 92243 ALEXIS ARAUJO CHAIRPERSON 0.75 X 3173 0 0 CARLOS FLETES VICE CHAIRPERSON 0.75 X 1845 0 0 KATHLEEN LANG SECRETARY 0.75 X 2530 0 0 CHRISTOPHER PETREE TREASURER 0.75 X 0 0 0 SHERRY COWIE BOARD MEMBER 0.75 X 0 0 0 VICTOR JAIME BOARD MEMBER 0.75 X 2245 0 0 VICTOR TORRES BOARD MEMBER 0.75 X 3001 0 0 STEVE ESCALERA SUPV CMTE CHAIR 0.75 X 0 0 0 DAWN CHUN SUPV CMTE MEMBER 0.75 X 0 0 0 ELIZABETH ESPINOZA SUPV CMTE MEMBER 0.75 X 0 0 0 FIDEL GONZALEZ PRESIDENT/CEO 40.00 X 283843 0 147370 CUAUHTEMOC DE LA TORRE EVP/CFO 40.00 X 230311 0 39897 MARLENA RENTERIA CXO 40.00 X 131899 0 13226 JORGE ALCANTAR COO 40.00 X 62757 0 0 EVANGELINA LOYA HR/COMPLIANCE MANAGER 40.00 X 105549 0 32716 FRANCISCO ORNELAS LOAN SERVICING MANAGER 40.00 X 102008 0 43179 VERONICA YEE ACCOUNTING MANAGER 40.00 X 101001 0 12662 1030162 0 289050 6 0 1 0 JACK HENRY & ASSOCIATES INC P O BOX 609 MONETT MO 65708 COMPUTER SOFTWARE/HARDWARE 759238 SECUR SERV 2020 SOUTH 156 CIRCLE OMAHA NE 68130 IT SERVICES 247628 COOK SOLUTIONS GROUP 9225 NE CASCADES PKWY PORTLAND OR 97220 TECHNOLOGY AND SECURITIES SOLUTIONS 204231 STRUM AGENCY 1200 6TH AVE SUITE 900 SEATTLE WA 98101 BRANDING AND MARKETING 182438 IMS 245 COMMERCE BLVD LIVERPOOL NY 13088 POSTAGE SERVICE 159093 7 INTEREST ON LOANS 522100 11835580 11835580 OTHER OPERATING INCOME 522100 5935885 5935172 713 FEE INCOME 522100 3067151 3020746 46405 20838616 1194940 1194940 450000 429353 20647 20647 20647 GAIN ON EQUITY AND TRADING DEBT S 522100 132088 132088 132088 22186291 22139173 47118 0 23672 1030162 3282519 409533 390014 339962 18142 73380 534560 352514 1137947 1041372 473037 125471 2805507 453399 76907 PROVISION FOR LOAN & LE 2353466 MISCELLANEOUS EXPENSE 433678 LOAN SERVICING EXPENSE 174856 LOSS ON SALE OF REPOS 30355 31031 15591484 3945218 4944328 24369256 19113603 235183 430927 10727500 2994791 7629962 7732709 173383240 191910677 9704450 10477303 219267309 234609547 6182556 2138624 186414883 199260439 192597439 201399063 X 0 0 0 0 26669870 33210484 26669870 33210484 219267309 234609547 X 6594807 29687 -83880 X X 0 1 X 1 0 2546599 2546599 5707721 1741091 3966630 543402 145978 397424 1929778 1107722 822056 7732709 DEPOSITS IN COMMERCIAL BANKS 1990000 C LOANS AND LEASES 176814036 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 1665138 C AVAILABLE FOR SALE SECURITIES 987873 F HELD-TO MATURITY SECURITIES 3245475 F PAID-IN CAPITAL AT CORP 148489 C EQUITY SECURITIES 7039666 F ALL OTHER INVESTMENTS 20000 F 191910677 TOTAL SHARES AND DEPOSITS 199260439 199260439 X 22135287 0 22135287 51004 51004 22186291 15540480 0 15540480 51004 51004 15591484 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF REVENUE AND EXPENSES 51,004. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION OF REVENUE AND EXPENSES 51,004. 0 STATE OF CALIFORNIA 45TH DISTRICT AGRICULTURAL ASSOCIATION 200 EAST SECOND STREET IMPERIAL CA 92251 956003048 501(C)(5) 7200 0 FMV TO SUPPORT THE 45TH DISTRICT AGRICULTURAL ASSOCIATION WITH ITS ACTIVITIES FOR "THE CALIFORNIA MIDWINTER FAIR AND FIESTA". 0 1 X X X 0 1 0 FIDEL GONZALEZ PRESIDENT/CEO 248774 0 14545 0 20524 0 130716 0 16654 0 431213 0 0 0 CUAUHTEMOC DE LA TORRE EVP/CFO 213323 0 12287 0 4701 0 12709 0 27188 0 270208 0 0 0 PART I, LINE 4B EFFECTIVE APRIL 1, 2018, THE CREDIT UNION ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR A MEMBER OF SENIOR MANAGEMENT UNDER IRC SECTION 457(F). THE CREDIT UNION ACCRUES FOR THE PLAN EACH YEAR UNTIL THE TARGET BENEFIT AMOUNT AND TARGET BENEFIT DATE ARE REACHED. FORM 990, PART VI, SECTION A, LINE 6 CORAZO CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. CORAZO CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF CORAZO CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE FORM 990 AS PART OF THE MONTHLY PACKET IN THE MONTH OF FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD, STAFF AND MANAGEMENT OF THE ORGANIZATION REVIEW THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGE COMPLIANCE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO, OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY ANALYZING THE LATEST CUNA SALARY REPORT. THE CEO THEN PROPOSES A SALARY SCALE FOR BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS FOR THE CREDIT UNION ARE AVAILABLE ON A MONTHLY BASIS AND POSTED WITHIN THE BRANCH. FINANCIAL STATEMENTS ARE ALSO POSTED TO A SECURE WEBSITE AVAILABLE TO THE GOVERNING BOARD MEMBERS. FORM 990, PART XI, LINE 9: CHANGE IN OCI -83,880. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.