BETA

CREDIT UNIONS IN THE STATE OF CALIFORNIA: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CREDIT UNIONS IN THE STATE OF CALIFORNIA (EIN 94-0362029)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-13
IRS object ID
202413189349310951
Schema version
2023v5.1
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

FieldValueIRS element (for citing)
Return2024-11-13T16:50:06-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120 EAST THOMAS ROAD SUITE 2300AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85012ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN940362029EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CENTRAL STATE CREDIT UNIONBusinessNameLine1Txt
Business Name Line2FKA CREDIT UNIONS IN THE STATE OF CABusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCENTBusinessNameControlTxt
Phone2094445311PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1919 NORTH CENTER STREETAddressLine1Txt
CitySTOCKTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95202ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANNA LOPersonNm
Person TitleCEO/PRESIDENTPersonTitleTxt
Phone2094445311PhoneNum
Signature2024-11-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELISSA HANGSLEBENPreparerPersonNm
PTINP02087031PTIN
Phone6022662248PhoneNum
Preparation2024-11-06PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANNA LOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1919 NORTH CENTER STREETAddressLine1Txt
CitySTOCKTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,142,859GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CENTRALSTATECU.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1936FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionA COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee78TotalEmployeeCnt
Total Volunteers14TotalVolunteersCnt
Total Gross UBI$120,696TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$5,906,730PYProgramServiceRevenueAmt
CY Program Service Revenue$6,693,178CYProgramServiceRevenueAmt
PY Investment Income$2,435,630PYInvestmentIncomeAmt
CY Investment Income$2,413,681CYInvestmentIncomeAmt
PY Other Revenue$36,000PYOtherRevenueAmt
CY Other Revenue$36,000CYOtherRevenueAmt
PY Total Revenue$8,378,360PYTotalRevenueAmt
CY Total Revenue$9,142,859CYTotalRevenueAmt
PY Grants And Similar Paid$7,403PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$517,731CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,380,319PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,392,836CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,596,332PYOtherExpensesAmt
CY Other Expenses$4,268,284CYOtherExpensesAmt
PY Total Expenses$6,984,054PYTotalExpensesAmt
CY Total Expenses$8,178,851CYTotalExpensesAmt
PY Revenues Less Expenses$1,394,306PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$964,008CYRevenuesLessExpensesAmt
Total Assets BOY$239,083,706TotalAssetsBOYAmt
Total Assets EOY$228,943,528TotalAssetsEOYAmt
Total Liabilities BOY$234,233,829TotalLiabilitiesBOYAmt
Total Liabilities EOY$220,614,208TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,849,877NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,329,320NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCENTRAL STATE CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVING AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET 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, CENTRAL STATE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS OWN MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescWE ARE IN BUSINESS TO LOAN FUNDS TO OUR MEMBERS AT LOW RATES. WE ARE A COMMUNITY-BASED CREDIT UNION SERVING OVER 15,000 MEMBERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescMEMBERS CAN USE OUR ELECTRONIC SERVICES 24/7 THROUGH SEVERAL DELIVERY CHANNELS, INCLUDING HOME BANKING, BILL PAY AND ATM SERVICES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescWE HAVE AN ARRAY OF OTHER LOW COST OR NO COST SERVICES SUCH AS CHECKING ACCOUNTS, IRA ACCOUNTS AND OTHER FINANCIAL SERVICES.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1996IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee78EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonANNA LOPersonNm
Phone2094445311PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1919 NORTH CENTER STREETAddressLine1Txt
CitySTOCKTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95202ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
LINDA FRONTZ
BOARD CHAIR1.00Yes (X)Yes (X)$0$0$0
RICH GARCIA
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
JAMES KIEFER
TREASURER1.00Yes (X)Yes (X)$0$0$0
LORI OLSON
SECRETARY1.00Yes (X)Yes (X)$0$0$0
EFRAIN AGUILAR
DIRECTOR1.00Yes (X)$0$0$0
DOUG LINGO
DIRECTOR1.00Yes (X)$0$0$0
STEVEN RUSSELL SR
DIRECTOR1.00Yes (X)$0$0$0
SCOTT M WAITE
PRESIDENT AND CEO (THRU 4/4/23)40.00Yes (X)$85,073$0$0
ANNA LO
PRESIDENT AND CEO40.00Yes (X)$85,185$0$0
BAYARDO RAMIREZ
CHIEF OPERATIONS OFFICER40.00Yes (X)$60,717$0$2,697
THOMAS BROWN
CHIEF INFORMATION OFFICER40.00Yes (X)$47,570$0$4,931
PATRICIA MURARIK
VP OF OPERATIONS (THRU 8/25/23)40.00$109,625$0$7,655Yes (X)
BENGINO MAGDALENO THRU 82523
VP OF INFORMATION SYSTEMS40.00$112,483$0$12,861Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$500,653TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$28,144TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CO-OP
9692 HAVEN AVE STE 300RANCHO CUCAMONGACA91730ATM/CARD SERVICE$558,555
JACK HENRY & ASSOCIATES
PO BOX 609MONETTMO65709COMPUTER SOFTWARE SERVICES$215,020
APITURE INC
1850 TIBURON DRIVEWILMINGTONNC28403FINANCIAL SERVICES$191,334
FIS
2923 BRADLEY STPASADENACA91107FINANCIAL SERVICES$184,455
JANE ELLEN MITCHEL DOBBS
4014 E VIA MONTOYA DRPHOENIXAZ85050CONSULTANT$126,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS522100$4,302,160$4,302,160
FEE INCOME522100$2,391,018$2,270,322$120,696
FieldValueIRS element (for citing)
Total Program Service Revenue$6,693,178TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,413,681TotalRevenueColumnAmt
Exclusion$2,413,681ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$36,000RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$36,000RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$36,000TotalRevenueColumnAmt
Exclusion$36,000ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,142,859TotalRevenueColumnAmt
Related Or Exempt Func Income$6,572,482RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$120,696UnrelatedBusinessRevenueAmt
Exclusion$2,449,681ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$517,731TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$286,173TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,464,090TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$216,566TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$203,111TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$222,896TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$165,631TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$100,000TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$410,791TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$38,470TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,300,391TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$221,529TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$719,244TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$79,003TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$104,569TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$336,190TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$21,330TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
LOAN SERVICING$247,277
HOME BANKING EXPENSE$191,334
MISCELLANEOUS EXPENSE$191,095
MEMBERSHIP DUES$86,186

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$55,244TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,178,851TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,262,566BOYAmt
EOY$2,837,178EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$24,679,748BOYAmt
EOY$20,798,038EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$82,523,826BOYAmt
EOY$86,111,939EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$22,485BOYAmt
EOY$954,869EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,362,800LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,166,272LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,512,944BOYAmt
EOY$3,196,528EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$114,193,317BOYAmt
EOY$111,800,047EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$177,656BOYAmt
EOY$174,985EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$11,711,164BOYAmt
EOY$3,069,944EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$239,083,706BOYAmt
EOY$228,943,528EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,182,429BOYAmt
EOY$1,395,072EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$233,051,400BOYAmt
EOY$219,219,136EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$234,233,829BOYAmt
EOY$220,614,208EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$4,849,877BOYAmt
EOY$8,329,320EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,849,877BOYAmt
EOY$8,329,320EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$239,083,706BOYAmt
EOY$228,943,528EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$964,008ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,515,435NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,061,871OtherCostOrOtherBasisAmt
Book Value$1,061,871BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,548,607OtherCostOrOtherBasisAmt
Depreciation$3,448,782DepreciationAmt
Book Value$2,099,825BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,982OtherCostOrOtherBasisAmt
Depreciation$4,982DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,747,340OtherCostOrOtherBasisAmt
Depreciation$1,712,508DepreciationAmt
Book Value$34,832BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,196,528TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBERS' SHARE AND SAVINGS ACCOUNTSDesc
Amt$219,219,136Amt
FieldValueIRS element (for citing)
Total Liability$219,219,136TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF NO FEWER THAN THREE DIRECTORS AND DELEGATE TO SUCH COMMITTEE THE POWER TO APPROVE MEMBERSHIP APPLICATIONS. WITH THE WRITTEN APPROVAL OF THE COMMISSIONER, THE EXECUTIVE COMMITTEE MAY ACT FOR THE BOARD OF DIRECTORS IN THE PURCHASE AND SALE OF SECURITIES, INVESTMENT AND WITHDRAWAL OF FUNDS, IN BORROWING FUNDS AND TO MAKE LOANS TO OTHER CREDIT UNIONS IN ACCORDANCE WITH THE LAW AND REGULATIONS.
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION'S PRIMARY FIELD OF MEMBERSHIP CONSISTS OF EMPLOYEES OR RETIRED EMPLOYEES OF THE STATE OF CALIFORNIA WHO LIVE OR REGULARLY WORK IN THE COUNTIES OF SOLANO, SAN JOAQUIN, STANISLAUS, MERCED, MARIPOSA, TUOLUMNE, CALAVERAS, AMADOR AND ALPINE. THE CREDIT UNION OPERATES FOUR BRANCHES IN SAN JOAQUIN AND CALAVERAS COUNTIES.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS HAVE THE RIGHT TO ELECT THE GOVERNING BODY, THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS ARE OWNERS OF THE CREDIT UNION AND 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 11BEXECUTIVE MANAGEMENT REVIEWS THE FORM 990. THE FORM 990 WAS REVIEWED BY THE CHAIRMAN OF THE SUPERVISORY COMMITTEE PRIOR TO THE FILING OF THE RETURN. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS AT THE NEXT MONTHLY MEETING FOLLOWING THE FILING OF THE RETURN WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CTHE CREDIT UNION DOES NOT PERMIT ITS STAFF TO MAKE TRANSACTIONS ON THEIR ACCOUNT OR THE ACCOUNT OF THEIR FAMILY MEMBERS. THE STAFF IS ALSO REQUIRED TO LET THE CREDIT UNION KNOW IF THEY HAVE A SECOND JOB. EACH YEAR, THE STAFF AND VOLUNTEERS ARE REQUIRED TO READ AND SIGN THE PERSONNEL POLICY WHICH INCLUDES A CONFLICT OF INTEREST CLAUSE. THE VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR.
FORM 990, PART VI, SECTION B, LINE 15ATO DETERMINE THE PRESIDENT AND CEO'S COMPENSATION, THE CREDIT UNION USES COMPARABLE DATA FROM INDEPENDENT COMPENSATION SURVEYS TO PRESENT TO THE BOARD OF DIRECTORS FOR CONSIDERATION. THIS COMPENSATION DECISION IS THEN DOCUMENTED IN THE BOARD MINUTES AND PERSONNEL FILE.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC, HOWEVER, THE CONFLICT OF INTEREST POLICY WAS APPROVED BY THE GOVERNING BODY, THE BOARD OF DIRECTORS. THE CREDIT UNION POSTS OUR FINANCIAL STATEMENT FOR THE PUBLIC IN OUR LOBBY ON A MONTHLY BASIS.
PART XII, LINE 2C:THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.