2023-06-07T13:49:20-05:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 940335800 1ST UNITED CREDIT UNION 1STU 9255984837 PO BOX 11746 PLEASANTON CA 94588 STEPHEN M STONE PRESIDENT/CEO 9255984702 2023-06-01 1 STEPHEN STONE 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN M STONE PO BOX 11746 PLEASANTON CA 94588 44843842 0 1526 X WWW.1STUNITEDCU.ORG X 1932 CA TO PROVIDE A LIFETIME OF SIMPLER, FASTER, FRIENDLIER FINANCIAL SERVICES FOR OUR MEMBERS. 9 9 199 14 239723 0 0 0 33049351 33895237 3020792 6553682 4303585 4394923 40373728 44843842 20602 9705 0 0 16870195 17586367 0 0 0 19550319 19585533 36441116 37181605 3932612 7662237 1288886913 1277603441 1173554454 1178814271 115332459 98789170 AT 1ST UNITED CREDIT UNION, WE ARE KNOWN IN THE COMMUNITY FOR OUR FINANCIAL EDUCATION PROGRAM. THE CREDIT UNION OFFERS FINANCIAL EDUCATION SEMINARS IN OUR BRANCHES, ON-SITE PROGRAMS AT LOCAL SCHOOLS AND SELF-STUDY MATERIALS ON OUR WEBSITE AT 1STUNITEDCU.ORG. 0 0 1ST UNITED CREDIT UNION OFFERS A COMPREHENSIVE PORTFOLIO OF SAVINGS AND LOAN PRODUCTS FOR MEMBERS. 1ST UNITED'S PRODUCTS ARE AN EXCELLENT VALUE, COMPETITIVELY PRICED AND EASY TO PURCHASE. ALL OF OUR PRODUCTS ARE AVAILABLE TO MEMBERS THROUGH OUR EXTENSIVE BRANCH NETWORK, VIA OUR MEMBER SERVICES CALL CENTER OR ONLINE AT 1STUNITEDCU.ORG. 1ST UNITED CREDIT UNION OFFERS FINANCIAL PLANNING AND INVESTMENT SERVICES FOR OUR MEMBERS. THESE SERVICES ARE AVAILABLE TO ALL MEMBERS OF THE CREDIT UNION AND ARE DELIVERED THROUGH CUSO FINANCIAL SERVICES, A REGISTERED BROKER-DEALER. AT 1ST UNITED CREDIT UNION, WE ARE KNOWN IN THE COMMUNITY FOR OUR FINANCIAL EDUCATION PROGRAM. THE CREDIT UNION OFFERS FINANCIAL EDUCATION SEMINARS IN OUR BRANCHES, ON-SITE PROGRAMS AT LOCAL SCHOOLS AND SELF-STUDY MATERIALS ON OUR WEBSITE AT 1STUNITEDCU.ORG. 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 14700 0 1 199 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X 1ST UNITED CREDIT UNION 9255984702 PO BOX 11746 PLEASANTON CA 94588 HOWARD T GARRIGAN CHAIRPERSON 2.00 X 0 0 0 DAVE MACDONALD BOD MEMBER 1.00 X 0 0 0 STEVE MANNING BOD MEMBER 1.00 X 7136 0 0 SUSAN MURANISHI BOD MEMBER 1.00 X 0 0 0 PATRICK O'CONNELL BOD MEMBER 1.00 X 7318 0 0 VELETA SAVANAH BOD MEMBER 1.00 X 8434 0 0 CYRIL BONANNO BOD MEMBER 1.00 X 8596 0 0 TERESITA LAUIGAN BOD MEMBER 1.00 X 4001 0 0 JOAN JOHNSON BOD MEMBER 1.00 X 7572 0 0 STEPHEN STONE CEO 50.00 X 535714 0 30412 GANGA RADHAKRISHNAN CFO 45.00 X 217613 0 15137 TOSHA EAGLES-WILLIAMS CHIEF LENDING & MARKETING OFFICER 45.00 X 242275 0 16928 JOANNA UHL CIO 45.00 X 267754 0 39404 LYNELL FRALEY CHRO 45.00 X 211881 0 27167 DERRICK FORTIER CRO 45.00 X 117716 0 27713 SARAH CECCHIN SVP MARKETING & COMMUNICATION 45.00 X 174081 0 34602 JAMES SANTIAGO VP IT 45.00 X 152983 0 20094 LYNN DIGNON DIRECTOR OF PROJECT MANAGEMENT 40.00 X 157802 0 20079 GOLDMAN LEE VP RETAIL SALES & EXPERIENCE 40.00 X 145787 0 32096 SHERYON HILL-SAVAGE VP ASSET RECOVERY 40.00 X 141355 0 19037 CHRISTOPHER FOX VP ENTERPRISE APPLICATIONS 40.00 X 139038 0 32107 WILFREDO DELA CRUZ VP LENDING 40.00 X 135024 0 23188 2682080 0 337964 32 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE PROCESSOR 1168064 BUSINESS DATA INC PO BOX 6081 INGLEWOOD CA 90312 STATEMENT PREP 354917 TPX COMMUNICATIONS PO BOX 509013 SAN DIEGO CA 92150 MANAGED IT SERVICES 331121 OPTIV SECURITY INC PO BOX 28216 NETOWRK PL CHICAGO IL 60673 DATA SECURITY 306813 COOK SECURITY GROUP 9225 NE CASCADES PARKWAY PORTLAND OR 97220 ATM REPAIRS AND MAINTENANCE 228326 25 INCOME ON LOANS 522100 30315188 30315188 FEES, CHARGES, OTHER 522100 3340326 3340326 FINANCE & INSURANCE 520000 239723 239723 33895237 6553682 6553682 OTHER OPERATING INCOME 522100 4394923 4394923 4394923 44843842 44604119 239723 0 X 9705 2174531 11532030 876170 1968860 1034776 31931 236460 109549 44094 314948 890699 274986 2916839 1360034 18074 184651 5457195 118466 1105910 287534 VISA DEBIT/CREDIT 2035721 LOAN SERVICING 839853 PROVISION FOR LOAN LOSS 707587 SHARE DRAFT 620144 2030858 37181605 9153912 4486951 112505098 78906140 118365 109580 1763978 3717711 793838298 877283583 1544816 1879855 18792379 11602794 8444163 7189585 340473861 276896801 5744700 7554600 15299722 19578635 1288886913 1277603441 3831019 10439470 20000000 1169723435 1148374801 1173554454 1178814271 X 0 0 0 0 115332459 98789170 115332459 98789170 1288886913 1277603441 7662237 -24205526 0 X X 0 1 X 1 0 1760872 1760872 8360561 6025807 2334754 2272128 1639963 632165 6398818 3937024 2461794 7189585 REGULAR SHARES 349532465 SHARE DRAFTS 203433484 MONEY MARKET SHARES 258499944 SHARE CERTIFICATES 295990433 IRA/CD SHARES 40918475 1148374801 X 44843842 0 44843842 0 44843842 37181605 0 37181605 0 37181605 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. X 1 0 X X X X 0 0 0 STEPHEN STONE CEO 482671 0 50850 0 2193 0 21350 0 9062 0 566126 0 0 0 JOANNA UHL CIO 241131 0 25450 0 1173 0 17437 0 21967 0 307158 0 0 0 TOSHA EAGLES-WILLIAMS CHIEF LENDING & MARKETING OFFICER 239258 0 850 0 2167 0 16928 0 0 0 259203 0 0 0 LYNELL FRALEY CHRO 208706 0 450 0 2725 0 14918 0 12249 0 239048 0 0 0 GANGA RADHAKRISHNAN CFO 216386 0 200 0 1027 0 15137 0 0 0 232750 0 0 0 SARAH CECCHIN SVP MARKETING & COMMUNICATION 173137 0 400 0 544 0 12635 0 21967 0 208683 0 0 0 GOLDMAN LEE VP RETAIL SALES & EXPERIENCE 144663 0 850 0 274 0 10129 0 21967 0 177883 0 0 0 LYNN DIGNON DIRECTOR OF PROJECT MANAGEMENT 156845 0 250 0 707 0 11017 0 9062 0 177881 0 0 0 JAMES SANTIAGO VP IT 152158 0 400 0 425 0 11032 0 9062 0 173077 0 0 0 CHRISTOPHER FOX VP ENTERPRISE APPLICATIONS 137953 0 450 0 635 0 10140 0 21967 0 171145 0 0 0 SHERYON HILL-SAVAGE VP ASSET RECOVERY 139205 0 850 0 1300 0 9975 0 9062 0 160392 0 0 0 WILFREDO DELA CRUZ VP LENDING 134120 0 650 0 254 0 9776 0 13412 0 158212 0 0 0 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS AUTO NEW X 48790 34058 0 1 1 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS HOME EQUITY LINE OF CREDIT X 125000 120256 0 1 1 SARAH CECCHIN SVP MARKETING & COMMUNICATIONS FIXED FIRST MORTGAGE X 1150000 1128203 0 1 1 JAMES SANTIAGO VP - INFORMATION TECHNOLOGY AUTO REFINANCE X 12169 6907 0 1 1 JAMES SANTIAGO VP - INFORMATION TECHNOLOGY AUTO USED X 41689 3694 0 1 1 DERRICK FORTIER CHIEF OF RETAIL OPERATIONS FIXED FIRST MORTGAGE X 680000 649668 0 1 1 JEANNIE SUGAOKA VP OF COMPLIANCE AND RISK MANAGEMENT FIXED FIRST MORTGAGE X 180000 141676 0 1 1 GANGA RADHAKRISHNAN CHIEF FINANCIAL OFFICER AUTO NEW X 47000 37435 0 1 1 LYNELL FRALEY CHIEF HUMAN RESOURCES OFFICER AUTO REFINANCE X 29644 29283 0 1 1 WILFREDO DELA CRUZ VP - LENDING FIXED FIRST MORTGAGE X 801910 741498 0 1 1 JILLIAN BULWA VP - DEVELOPMENT AND CULTURE FIXED FIRST MORTGAGE X 755000 731491 0 1 1 GOLDMAN LEE VP - RETAIL SALES AND EXPERIENCE AUTO NEW X 32556 22452 0 1 1 GOLDMAN LEE VP - RETAIL SALES AND EXPERIENCE AUTO NEW X 50000 16087 0 1 1 STEPHEN STONE CEO HOME EQUITY LOAN X 182000 55003 0 1 1 3717711 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS. 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 11B THE CHIEF HUMAN RESOURCES OFFICER AND VICE PRESIDENT CONTROLLER GATHER THE INFORMATION. THE CFO AND CEO REVIEW FORM 990. UPON COMPLETION, A COPY OF THE FORM IS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO EMPLOYEES IN THE EMPLOYEE HANDBOOK. ANNUALLY, EMPLOYEES ARE REMINDED AND ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ THE POLICY, AS WELL AS THE OTHER SECTIONS IN THE HANDBOOK. MANAGERS ARE HELD ACCOUNTABLE TO MONITOR ADHERENCE TO THE POLICY AND TO ENSURE THEIR EMPLOYEES UNDERSTAND IT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION AT THE CREDIT UNION IS GOVERNED BY A BOARD OF DIRECTORS APPROVED SALARY ADMINISTRATION POLICY. THE CREDIT UNION SETS COMPENSATION RANGES FOR ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, USING A THIRD PARTY COMPENSATION CONSULTING FIRM. THIS THIRD PARTY ORGANIZATION PROVIDES COMPENSATION INFORMATION AND SALARY RANGES FOR COMPANIES NATIONWIDE. SALARY RANGES ARE DEVELOPED THROUGH NATIONWIDE, INDUSTRY-SPECIFIC COMPENSATION SURVEYS AND COMPENSATION BENCHMARKING FOR KEY POSITIONS. THE BOARD OF DIRECTORS APPROVE THE SALARY RANGES AND EVALUATE ANY ANNUAL CHANGES RECOMMENDED BY THE THIRD PARTY FIRM. SALARY LEVELS AND JOB GRADES FOR INDIVIDUAL POSITIONS ARE DETERMINED USING A JOB EVALUATION PROCESS PROVIDED BY THE THIRD PARTY FIRM. FORM 990, PART VI, SECTION C, LINE 19 GENERALLY, GOVERNING DOCUMENTS/POLICIES ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC OR TO MEMBERS. MONTHLY FINANCIAL RESULTS ARE PUBLICLY POSTED. FORM 990, PART IX, LINE 24E MAINTENANCE 575,199. ATM EXPENSE 424,291. ASSET RECOVERY 202,606. HUMAN RESOURCES 196,337. OTHER OPERATING 179,385. ASI/DFPI ANNUAL ASSESSMENT 165,738. TRAINING/DEVELOPMENT/EDUCATION 135,239. EMPLOYEE/MEMBER GOODWILL 73,111. BOARD/SUPERVISORY COMMITTEE EXPENSE 50,396. SECURITY 20,610. S & D 7,946. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.