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 94-1244186)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413209349308501
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T10:34:41-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 EAST THOMAS ROAD SUITE 2300 | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85012 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941244186 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDWOOD CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | REDW | BusinessNameControlTxt |
| Phone | 8004797928 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 CLEVELAND AVE 100 | AddressLine1Txt |
| City | SANTA ROSA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95403 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTEN MAHLMANN | PersonNm |
| Person Title | EVP/CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 8004797928 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA HANGSLEBEN | PreparerPersonNm |
| PTIN | P02087031 | PTIN |
| Phone | 6022662248 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRETT MARTINEZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 CLEVELAND AVE 100 | AddressLine1Txt |
| City | SANTA ROSA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $423,001,934 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.REDWOODCU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1950 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 1014 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $364,142 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $267,576,429 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $348,264,169 | CYProgramServiceRevenueAmt |
| PY Investment Income | $36,935,424 | PYInvestmentIncomeAmt |
| CY Investment Income | $74,638,907 | CYInvestmentIncomeAmt |
| PY Other Revenue | $74,248 | PYOtherRevenueAmt |
| CY Other Revenue | $98,858 | CYOtherRevenueAmt |
| PY Total Revenue | $304,586,101 | PYTotalRevenueAmt |
| CY Total Revenue | $423,001,934 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,000,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $18,985,108 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $75,798,264 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $83,766,453 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $98,383,928 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $87,757,157 | PYOtherExpensesAmt |
| CY Other Expenses | $123,075,816 | CYOtherExpensesAmt |
| PY Total Expenses | $191,508,718 | PYTotalExpensesAmt |
| CY Total Expenses | $297,258,008 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $113,077,383 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $125,743,926 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,527,506,599 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,510,071,050 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,635,678,961 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,525,653,106 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $891,827,638 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $984,417,944 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PASSIONATELY SERVING THE BEST INTERESTS OF OUR MEMBERS, EMPLOYEES, AND COMMUNITIES. SERVING ALL OF OUR MEMBERS FINANCIAL SERVICE NEEDS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | REDWOOD CREDIT UNION IS ENGAGED IN PROVIDING LOW COST FINANCIAL SERVICES TO OUR MEMBER-OWNERS AS A COOPERATIVE ORGANIZATION. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 109892 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1014 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL GAY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8004797928 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 CLEVELAND AVE 100 | AddressLine1Txt |
| City | SANTA ROSA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95403 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Key EmployeeKeyEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| BRETT MARTINEZ | |||||||||
| PRESIDENT/CEO | 40.00 | 1.00 | Yes (X) | $2,747,409 | $0 | $428,124 | |||
| ANTHONY HILDESHEIM | |||||||||
| EVP/CHIEF ADMIN OFFICER | 40.00 | 0.00 | Yes (X) | $1,298,325 | $0 | $278,751 | |||
| RONALD FELDER | |||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | 0.00 | Yes (X) | $1,261,182 | $0 | $186,191 | |||
| CYNTHIA NEGRI | |||||||||
| CHIEF ADMIN OFFICER | 40.00 | 0.00 | Yes (X) | $985,503 | $0 | $137,923 | |||
| MICHAEL DEFAZIO | |||||||||
| WEALTH ADVISOR | 40.00 | 0.00 | $876,317 | $0 | $19,644 | Yes (X) | |||
| MISHEL KAUFMAN | |||||||||
| EVP/CHIEF OP & RISK OFFICER | 40.00 | 0.00 | Yes (X) | $727,435 | $0 | $147,074 | |||
| DIANNA BERTHINIER | |||||||||
| SVP/BUSINESS SERVICES | 40.00 | 0.00 | $727,632 | $0 | $111,914 | Yes (X) | |||
| KRISTINA DERKOS | |||||||||
| SVP/PEOPLE | 40.00 | 0.00 | $791,216 | $0 | $10,520 | Yes (X) | |||
| AARON COLLIER | |||||||||
| EVP/CHIEF INFO OFFICER | 40.00 | 0.00 | Yes (X) | $515,819 | $0 | $112,058 | |||
| JULIE LYNCH | |||||||||
| WEALTH ADVISOR | 40.00 | 0.00 | $581,917 | $0 | $19,356 | Yes (X) | |||
| MICHELLE ANDERSON | |||||||||
| EVP/CHIEF LENDING OFFICER | 40.00 | 0.00 | $452,964 | $0 | $110,811 | Yes (X) | |||
| DEIDRE HOLMES THOMPSON | |||||||||
| SVP/MEMBER EXPERIENCE | 40.00 | 0.00 | $372,900 | $0 | $161,800 | Yes (X) | |||
| THOMAS HUBERT | |||||||||
| SVP/AUTO, INSURANCE & WEALTH SERVICES | 40.00 | 0.00 | $412,296 | $0 | $89,231 | Yes (X) | |||
| CLARK MATTHIESSEN | |||||||||
| WEALTH ADVISOR | 40.00 | 0.00 | $465,032 | $0 | $24,035 | Yes (X) | |||
| NICOLE SCHAEFER | |||||||||
| EXTERNAL MORTGAGE LOAN OFFICER | 40.00 | 0.00 | $466,339 | $0 | $20,372 | Yes (X) | |||
| MATTHEW MARTIN | |||||||||
| SVP/COMM & GOV RELATIONS | 40.00 | 0.00 | $409,823 | $0 | $58,785 | Yes (X) | |||
| TODD LINDEMANN | |||||||||
| SVP/PAYMENTS | 40.00 | 0.00 | $347,628 | $0 | $100,699 | Yes (X) | |||
| KRISTEN MAHLMANN | |||||||||
| SVP/PEOPLE | 40.00 | 0.00 | $332,293 | $0 | $106,279 | Yes (X) | |||
| JENNIFER BOYLE | |||||||||
| SVP/CONSUMER LENDING & LENDING OPS | 40.00 | 0.00 | $320,883 | $0 | $64,621 | Yes (X) | |||
| SCOTT DYKSTRA | |||||||||
| SR SBA/COMM LO | 40.00 | 0.00 | $355,537 | $0 | $23,314 | Yes (X) | |||
| TIMOTHY BATES | |||||||||
| SVP/ENTERPRISE RISK | 40.00 | 0.00 | $307,542 | $0 | $64,697 | Yes (X) | |||
| BRYAN HAAS | |||||||||
| SVP/PRODUCTS, PROJECTS, & CRE | 40.00 | 0.00 | $295,012 | $0 | $61,558 | Yes (X) | |||
| KIMBERLY WILLIAMS | |||||||||
| SVP/ STRATEGY & PROJECT MANAGEMENT | 40.00 | 0.00 | $194,225 | $0 | $9,661 | Yes (X) | |||
| ROB EYLER | |||||||||
| CHAIR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JIM OLMSTED | |||||||||
| VICE CHAIR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| DEBRA WATTS | |||||||||
| TREASURER | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| LISA WITTKE SCHAFFNER | |||||||||
| SECRETARY | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JERI HANSEN | |||||||||
| DIRECTOR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| JUDY HERRERIAS-JAMES | |||||||||
| DIRECTOR | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| DAVID GOUIN | |||||||||
| DIRECTOR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| M CHRISTINA RIVERA | |||||||||
| DIRECTOR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| ROD DOLE | |||||||||
| DIRECTOR | 1.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $15,245,229 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,347,418 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 258 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WESTERN BUILDERS | |||||
| 1400 N DUTTON AVE SUITE 7 | SANTA ROSA | CA | 95401 | GENERAL CONTRACTOR LABOR | $13,284,692 |
| INFOLMAGE INC | |||||
| 175 SOUTH HILL DRIVE | BRISBANE | CA | 94005 | STATEMENTS PROVIDER | $2,735,439 |
| AMPLIFI LOYALTY SOLUTIONS | |||||
| 1240 EAST DIEHL ROAD 400 | NAPERVILLE | IL | 60563 | REWARD POINT SUPPORT | $1,720,549 |
| JACK HENRY & ASSOCIATES | |||||
| PO BOX 609 | MONETT | MO | 65708 | ATM SERVICES | $1,442,938 |
| QUEST | |||||
| PO BOX 8259 | PASADENA | CA | 91109 | IT CONSULTING | $1,297,598 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 115 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| INTEREST ON LOANS TO MEMBERS | 522100 | $287,473,005 | $287,473,005 | |
| INTERCHANGE INCOME | 522100 | $27,885,204 | $27,885,204 | |
| SERVICE CHARGES AND FEES | 522100 | $19,650,052 | $19,650,052 | |
| INSURANCE COMMISSIONS | 522100 | $6,785,442 | $6,785,442 | |
| OTHER NON-INTEREST INCOME | 522100 | $6,051,188 | $5,813,860 | $237,328 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $419,278 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $419,278 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $348,264,169 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $74,457,961 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $63,814 | UnrelatedBusinessRevenueAmt |
| Exclusion | $74,394,147 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $98,858 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $98,858 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $98,858 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $63,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $35,858 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $180,946 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $180,946 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $180,946 | TotalRevenueColumnAmt |
| Exclusion | $180,946 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $423,001,934 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $348,026,841 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $364,142 | UnrelatedBusinessRevenueAmt |
| Exclusion | $74,610,951 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,798,264 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,740,784 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,926,490 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,302,403 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,545,583 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,868,668 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $461,965 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,578 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,000 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,190,516 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,995,000 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,141,131 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,624,574 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,992,464 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,962,761 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,543,447 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $603,877 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR LOAN LOSS | $33,286,585 |
| LOAN SERVICING | $13,166,018 |
| LOSSES AND FRAUD | $5,698,422 |
| MISCELLANEOUS EXPENSES | $3,135,478 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $297,258,008 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,020,973,092 | BOYAmt |
| EOY | $1,406,285,897 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,939,301 | BOYAmt |
| EOY | $12,801,256 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,099,048 | BOYAmt |
| EOY | $44,858,233 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,655,032,795 | BOYAmt |
| EOY | $6,224,106,849 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,457,452 | BOYAmt |
| EOY | $6,905,720 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $185,887,833 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $55,616,078 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,721,579 | BOYAmt |
| EOY | $130,271,755 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $480,882,987 | BOYAmt |
| EOY | $483,778,882 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,915,294 | BOYAmt |
| EOY | $23,555,373 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,485,051 | BOYAmt |
| EOY | $177,507,085 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,527,506,599 | BOYAmt |
| EOY | $8,510,071,050 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,633,418 | BOYAmt |
| EOY | $91,984,424 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $500,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,572,045,543 | BOYAmt |
| EOY | $6,933,668,682 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,635,678,961 | BOYAmt |
| EOY | $7,525,653,106 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $891,827,638 | BOYAmt |
| EOY | $984,417,944 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $891,827,638 | BOYAmt |
| EOY | $984,417,944 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,527,506,599 | BOYAmt |
| EOY | $8,510,071,050 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $125,743,926 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,224,179 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$35,377,799 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $25,000 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $25,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $25,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CALIFORNIA CREDIT UNION LEAGUE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2855 E GUASTI ROAD SUITE 600 | AddressLine1Txt |
| City | ONTARIO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91761 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 940357265 | EIN |
| Paid Internal Funds | $25,000 | PaidInternalFundsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,387,684 | OtherCostOrOtherBasisAmt |
| Book Value | $13,387,684 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $93,216,125 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,854,257 | DepreciationAmt |
| Book Value | $74,361,868 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,789,706 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,002,096 | DepreciationAmt |
| Book Value | $5,787,610 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,218,020 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,759,725 | DepreciationAmt |
| Book Value | $12,458,295 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,276,298 | OtherCostOrOtherBasisAmt |
| Book Value | $24,276,298 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $130,271,755 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBERS' SHARE AND SAVINGS ACCOUNTS | $6,917,053,070 |
| LEASE LIABILITIES | $16,615,612 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,933,668,682 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED THEIR TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (23 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRETT MARTINEZ | ||||||||||||||
| PRESIDENT/CEO | $928,944 | $0 | $546,930 | $0 | $1,271,535 | $0 | $428,124 | $0 | $0 | $0 | $3,175,533 | $0 | $1,264,021 | $0 |
| ANTHONY HILDESHEIM | ||||||||||||||
| EVP/CHIEF ADMIN OFFICER | $548,110 | $0 | $162,455 | $0 | $587,760 | $0 | $267,763 | $0 | $10,988 | $0 | $1,577,076 | $0 | $588,654 | $0 |
| RONALD FELDER | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $559,094 | $0 | $162,671 | $0 | $539,417 | $0 | $174,274 | $0 | $11,917 | $0 | $1,447,373 | $0 | $541,690 | $0 |
| CYNTHIA NEGRI | ||||||||||||||
| CHIEF ADMIN OFFICER | $262,604 | $0 | $87,428 | $0 | $635,471 | $0 | $133,946 | $0 | $3,977 | $0 | $1,123,426 | $0 | $635,748 | $0 |
| MICHAEL DEFAZIO | ||||||||||||||
| WEALTH ADVISOR | $67,170 | $0 | $37,982 | $0 | $771,165 | $0 | $19,644 | $0 | $0 | $0 | $895,961 | $0 | $0 | $0 |
| MISHEL KAUFMAN | ||||||||||||||
| EVP/CHIEF OP & RISK OFFICER | $375,979 | $0 | $111,940 | $0 | $239,516 | $0 | $137,475 | $0 | $9,599 | $0 | $874,509 | $0 | $244,718 | $0 |
| DIANNA BERTHINIER | ||||||||||||||
| SVP/BUSINESS SERVICES | $347,559 | $0 | $80,194 | $0 | $299,879 | $0 | $111,056 | $0 | $858 | $0 | $839,546 | $0 | $295,251 | $0 |
| KRISTINA DERKOS | ||||||||||||||
| SVP/PEOPLE | $380,000 | $0 | $17,765 | $0 | $393,451 | $0 | $9,150 | $0 | $1,370 | $0 | $801,736 | $0 | $394,077 | $0 |
| AARON COLLIER | ||||||||||||||
| EVP/CHIEF INFO OFFICER | $321,576 | $0 | $64,190 | $0 | $130,053 | $0 | $104,482 | $0 | $7,576 | $0 | $627,877 | $0 | $136,918 | $0 |
| JULIE LYNCH | ||||||||||||||
| WEALTH ADVISOR | $64,440 | $0 | $21,828 | $0 | $495,649 | $0 | $16,500 | $0 | $2,856 | $0 | $601,273 | $0 | $0 | $0 |
| MICHELLE ANDERSON | ||||||||||||||
| EVP/CHIEF LENDING OFFICER | $355,482 | $0 | $97,482 | $0 | $0 | $0 | $102,867 | $0 | $7,944 | $0 | $563,775 | $0 | $0 | $0 |
| DEIDRE HOLMES THOMPSON | ||||||||||||||
| SVP/MEMBER EXPERIENCE | $310,899 | $0 | $62,001 | $0 | $0 | $0 | $154,680 | $0 | $7,120 | $0 | $534,700 | $0 | $0 | $0 |
| THOMAS HUBERT | ||||||||||||||
| SVP/AUTO, INSURANCE & WEALTH SERVICE | $370,895 | $0 | $41,401 | $0 | $0 | $0 | $81,415 | $0 | $7,816 | $0 | $501,527 | $0 | $0 | $0 |
| CLARK MATTHIESSEN | ||||||||||||||
| WEALTH ADVISOR | $67,540 | $0 | $18,221 | $0 | $379,271 | $0 | $16,399 | $0 | $7,636 | $0 | $489,067 | $0 | $0 | $0 |
| NICOLE SCHAEFER | ||||||||||||||
| EXTERNAL MORTGAGE LOAN OFFICER | $40,000 | $0 | $205 | $0 | $426,134 | $0 | $16,500 | $0 | $3,872 | $0 | $486,711 | $0 | $0 | $0 |
| MATTHEW MARTIN | ||||||||||||||
| SVP/COMM & GOV RELATIONS | $264,127 | $0 | $37,355 | $0 | $108,341 | $0 | $54,936 | $0 | $3,849 | $0 | $468,608 | $0 | $111,546 | $0 |
| TODD LINDEMANN | ||||||||||||||
| SVP/PAYMENTS | $299,148 | $0 | $48,480 | $0 | $0 | $0 | $93,054 | $0 | $7,645 | $0 | $448,327 | $0 | $0 | $0 |
| KRISTEN MAHLMANN | ||||||||||||||
| SVP/PEOPLE | $273,024 | $0 | $59,269 | $0 | $0 | $0 | $91,178 | $0 | $15,101 | $0 | $438,572 | $0 | $0 | $0 |
| JENNIFER BOYLE | ||||||||||||||
| SVP/CONSUMER LENDING & LENDING OPS | $269,558 | $0 | $51,072 | $0 | $253 | $0 | $64,621 | $0 | $0 | $0 | $385,504 | $0 | $0 | $0 |
| SCOTT DYKSTRA | ||||||||||||||
| SR SBA/COMM LO | $105,776 | $0 | $205 | $0 | $249,556 | $0 | $16,500 | $0 | $6,814 | $0 | $378,851 | $0 | $0 | $0 |
| TIMOTHY BATES | ||||||||||||||
| SVP/ENTERPRISE RISK | $275,634 | $0 | $31,908 | $0 | $0 | $0 | $50,399 | $0 | $14,298 | $0 | $372,239 | $0 | $0 | $0 |
| BRYAN HAAS | ||||||||||||||
| SVP/PRODUCTS, PROJECTS, & CRE | $252,920 | $0 | $42,092 | $0 | $0 | $0 | $53,502 | $0 | $8,056 | $0 | $356,570 | $0 | $0 | $0 |
| KIMBERLY WILLIAMS | ||||||||||||||
| SVP/ STRATEGY & PROJECT MANAGEMENT | $194,225 | $0 | $0 | $0 | $0 | $0 | $9,661 | $0 | $0 | $0 | $203,886 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE CREDIT UNION PROVIDES COMPENSATION FOR TRAVEL COMPANIONS FOR MEMBERS OF MANAGEMENT AND BOARD MEMBERS. |
| PART I, LINE 4B | 457(F) PLAN - THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR MEMBERS OF SENIOR MANAGEMENT. UNDER THE TERMS OF THE PLAN, THE PARTICIPANTS ARE ENTITLED TO BENEFITS IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. THESE BENEFITS ARE BASED ON ELEMENTS OF THE CREDIT UNION'S LONG TERM INCENTIVE PLAN, WHICH CONSIDERS INDIVIDUAL PERFORMANCE, AS WELL AS THE OVERALL PERFORMANCE OF THE CREDIT UNION, IN DETERMINATION OF EMPLOYEE BENEFITS. IF THESE EMPLOYEES BECOME FULLY DISABLED AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENT. THE FOLLOWING WERE CONTRIBUTIONS MADE DURING 2023: BRETT MARTINEZ - $337,891 RONALD FELDER - $159,933 ANTHONY E HILDESHEIM - $171,423 CYNTHIA NEGRI - $94,046 MISHEL KAUFMAN - $83,108 DIANNA BERTHINIER - $94,556 AARON COLLIER - $91,447 MICHELLE ANDERSON - $86,367 THOMAS HUBERT - $44,187 MATTHEW MARTIN - $38,741 DEIDRE HOLMES THOMPSON - $72,864 TODD LINDEMANN - $46,554 KRISTEN MAHLMANN - $75,628 TIMOTHY BATES - $34,367 JENNIFER BOYLE - $30,500 BRYAN HAAS - $40,475 THE FOLLOWING EMPLOYEE RECEIVED DISTRIBUTIONS FROM THIS PLAN DURING 2023: BRETT MARTINEZ - $1,264,021 RONALD FELDER - $541,690 ANTHONY HILDSHEIM - $588,654 CYNTHIA NEGRI - $635,748 KRISTINA DERKOS - $394,077 MISHEL KAUFMAN - $244,718 DIANNA BERTHINIER - $295,251 AARON COLLIER - $136,918 MATTHEW MARTIN - $111,546 SPLIT DOLLAR PLAN: THE CREDIT UNION HAS GRANTED NOTES RECEIVABLE FOR LIFE INSURANCE PREMIUM PAYMENTS TO SELECT SENIOR MANAGEMENT PERSONNEL. THE NOTES ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES, OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVE(S) WHO HAVE SOLE CONTROL OVER THE LISTED BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. AT THE TIME OF RETIREMENT, THE NOTE BECOMES DUE AND PAYABLE AND CAN BE PAID WITH THE CASH VALUE OF THE LIFE INSURANCE POLICIES, OR WITH OTHER PERSONAL FUNDS AT THE EXECUTIVE'S DISCRETION. THE LOANS ARE CONSIDERED NONRECOURSE AND AS SUCH, THE CREDIT UNION HAS RECORDED THE BALANCE AS THE LOWER OF THE OUTSTANDING LOAN BALANCE, PLUS ACCRUED INTEREST, OR THE CSV OF THE LIFE INSURANCE POLICIES. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| BRETT MARTINEZ | |||||||
| PRESIDENT/CEO | SPLIT DOLLAR PLAN INSURANCE POLICY | Yes (X) | $15,706,866 | $14,177,326 | 0 | Yes (1) | Yes (1) |
| BRETT MARTINEZ | |||||||
| PRESIDENT/CEO | SPLIT DOLLAR PLAN INSURANCE POLICY | Yes (X) | $5,200,000 | $5,088,023 | 0 | Yes (1) | Yes (1) |
| MICHELLE ANDERSON | |||||||
| SVP/MORTGAGE | SPLIT DOLLAR PLAN INSURANCE POLICY | Yes (X) | $5,600,000 | $5,611,195 | 0 | Yes (1) | Yes (1) |
| RONALD FELDER | |||||||
| EVP/CHIEF LENDING OFFICER | SPLIT DOLLAR PLAN INSURANCE POLICY | Yes (X) | $10,700,000 | $10,735,823 | 0 | Yes (1) | Yes (1) |
| ANTHONY HILDESHEIM | |||||||
| EVP/CHIEF ADMIN OFFICER | SPLIT DOLLAR PLAN INSURANCE POLICY | Yes (X) | $7,750,000 | $7,775,946 | 0 | Yes (1) | Yes (1) |
| MISHEL KAUFMAN | |||||||
| EVP/CHIEF OP & RISK OFFICER | SPLIT DOLLAR PLAN INSURANCE POLICY | Yes (X) | $1,500,000 | $1,469,920 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $44,858,233 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF NO FEWER THAN THREE (3) DIRECTORS. WITH THE WRITTEN APPROVAL OF THE COMMISSIONER OF BUSINESS OVERSIGHT, 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 PERTAINING TO CREDIT UNIONS. |
| FORM 990, PART VI, SECTION A, LINE 6 | PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF INDIVIDUALS (AND THEIR BUSINESSES) THAT RESIDE IN OR ARE EMPLOYED IN SONOMA COUNTY AND SURROUNDING COUNTIES IN NORTHERN CALIFORNIA. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | VOLUNTEERS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANNUALLY ANY INVOLVEMENT WITH ORGANIZATIONS WHICH DO BUSINESS WITH THE CREDIT UNION. CREDIT UNION SENIOR MANAGEMENT SIGNS A DISCLOSURE ANNUALLY PER POLICY. ALL EMPLOYEES ARE REQUIRED TO REPORT ANY POTENTIAL CONFLICTS OF INTEREST. FOR EMPLOYEES, THIS WOULD BE REPORTED TO THEIR SUPERVISOR. FOR DIRECTORS, THIS WOULD BE REPORTED ON THEIR CONFLICT OF INTEREST STATEMENT AND REPORTED TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE CEO IS APPROVED BY THE BOARD OF DIRECTORS AFTER THE COMPENSATION COMMITTEE GATHERS DATA FROM OUTSIDE SOURCES AND REVIEWS SURVEY AND OTHER DATA. FOR OTHER OFFICERS AND KEY EMPLOYEES, THIRD PARTY DATA IS USED TO ADJUST THE COMPENSATION TO MARKET DATA. ALL OF THE JOBS ARE GRADED, AND IN EACH GRADE, THERE IS A FLOOR, CEILING AND MARKET. ALL COMPENSATION DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. QUARTERLY INCOME STATEMENTS ARE POSTED AT EACH BRANCH. ANNUAL FINANCIALS AND ANNUAL REPORT ARE AVAILABLE ON THE COMPANY'S WEBSITE. |
| FORM 990, PART XI, LINE 9: | LOSS ON CUSO INVESTMENTS -823,452. CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -34,554,347. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDWOOD CREDIT UNION COMMUNITY FUND INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3033 CLEVELAND AVENUE | AddressLine1Txt |
| City | SANTA ROSA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 475084832 | EIN |
| Primary Activities | ADVANCING WELL-BEING OF THE COMMUNITY | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDWOOD CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RCU SERVICES GROUP INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3303 CLEVELAND AVE SUITE 100 | AddressLine1Txt |
| City | SANTA ROSA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95404 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680465274 | EIN |
| Primary Activities | INSURANCE AND AUTO SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDWOOD CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $4,232,360 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $9,769,038 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| RCU SERVICES GROUP INC | ||
| A | $126,814 | CASH |
| RCU SERVICES GROUP INC | ||
| D | $4,005,568 | 12/31/23 LOAN BALANCE |
| RCU SERVICES GROUP INC | ||
| L | $393,195 | CASH |
| RCU SERVICES GROUP INC | ||
| P | $77,061 | CASH |
| RCU SERVICES GROUP INC | ||
| Q | $3,274,379 | CASH |
Comments