2023-11-14T10:33:08-06:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-01 941019805 FIRST US COMMUNITY CREDIT UNION FIRS 9165765700 580 UNIVERSITY AVE SACRAMENTO CA 958256512 JEFF CRUMP SVP/CHIEF FINANCIAL OFFICER 9165765700 2023-11-13 1 JEFF CRUMP XXX-XX-XXXX 0 JENIFER L CHASE P01306883 5638884000 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAROL HAUCK 580 UNIVERSITY AVE SACRAMENTO CA 958256512 17991086 0 X WWW.FIRSTUS.ORG X 1936 CA OUR MISSION IS TO MAKE A DIFFERENCE IN OUR COMMUNITIES WITH FINANCIAL SERVICES THAT HELP OUR MEMBERS ENHANCE THEIR LIVES. 7 7 103 9 164460 0 0 0 14372610 14862774 1767514 3128296 0 0 16140124 17991070 0 0 0 0 6033582 6540093 0 0 0 6208200 7523428 12241782 14063521 3898342 3927549 521811500 541542858 466044023 492905018 55767477 48637840 FIRST US COMMUNITY CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION. OUR MISSION IS TO TO MAKE A DIFFERENCE IN OUR COMMUNITIES WITH FINANCIAL SERVICES THAT HELP OUR MEMBERS ENHANCE THEIR LIVES. 0 0 FOR OVER 87 YEARS, FIRST US COMMUNITY CREDIT UNION HAS PROVIDED LENDING AND DEPOSIT PRODUCTS AND SERVICES TO ITS MEMBERS. FIRST US SERVES ANYONE WHO LIVES, WORKS, OR WORSHIPS (INCLUDING STATEWIDE CURRENT AND RETIRED FEDERAL EMPLOYEES AND THEIR FAMILIES) IN 12 COUNTIES IN THE GREATER SACRAMENTO, CA REGION. A WIDE RANGE OF LOAN PRODUCTS AND SERVICES ARE OFFERED INCLUDING RESIDENTIAL AND COMMERCIAL REAL ESTATE, COMMERCIAL BUSINESS (I.E., SBA), VEHICLE, AND OTHER CONSUMER LOANS. TOTAL ASSETS AT DECEMBER 2022 WERE APPROXIMATELY $542 MILLION. IN ADDITION TO LENDING PRODUCTS, FIRST US COMMUNITY CREDIT UNION ALSO OFFERS A WIDE RANGE OF DEPOSIT PRODUCTS AND SERVICES INCLUDING SHARE, CHECKING, CERTIFICATES OF DEPOSIT, AND RETIREMENT ACCOUNTS. FIRST US MEMBERS HAVE ACCOUNT SERVICES ACCESS VIA SEVEN FULL SERVICE RETAIL BRANCHES AS WELL AS NATIONWIDE ACCESS THROUGH SHARED BRANCHING AND VIA >25,000 ATM'S IN THE CO-OP NETWORK. AS OF DECEMBER 2022 THE CREDIT UNION HAD 27,777 MEMBERS WITH APPROXIMATELY $478 MILLION IN DEPOSIT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6014 0 1 103 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 X JEFF CRUMP 9165765700 580 UNIVERSITY AVE SACRAMENTO CA 958256512 CAROL HAUCK PRESIDENT/CEO 40.00 X 378200 0 56905 JEFFREY CRUMP SVP/CFO 40.00 X 175688 0 32036 JULIE AINSWORTH SVP/OPERATIONS 40.00 X 158345 0 46900 JANCE DALTON SVP/CIO 40.00 X 171514 0 20857 JOSEPH KLEEMANN VP RE LENDING 1.00 X 132768 0 43502 DICK COCHRAN DIRECTOR 1.00 X 0 0 0 DENNIS COOK VICE CHAIR 1.00 X X 0 0 0 BRIAN DOYLE SECRETARY 1.00 X X 0 0 0 JAMES GOMES CHAIR 1.00 X X 0 0 0 NANCY LEE DIRECTOR 1.00 X 0 0 0 KAREN MCDOUGAL DIRECTOR 1.00 X 0 0 0 CLARENCE PERKINS TREASURER 1.00 X X 0 0 0 1016515 0 200200 5 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 IT SERVICES 742420 ALKAMI TECHNOLOGY 5601 GRANITE PARKWAY STE 120 PLANO TX 75024 ONLINE BANKING/MOBILE APP 132598 CONSOLIDATED COMMUNICATIONS 121 S 17TH STREET MATTOON IL 61938 COMMUNICATION SERVICES 117189 3 LOAN INCOME 522100 11240390 11240390 MISCELLANEOUS INCOME 522100 2260617 2114569 146048 FEE INCOME 522100 1361767 1343355 18412 14862774 3128312 3128312 16 -16 -16 -16 17991070 14698314 164460 3128296 642829 4701227 368359 449497 378181 55887 86813 638081 372336 1516710 981542 551724 85782 64476 32736 141849 79592 DIVIDENDS PAID TO MEMBE 1341323 LOAN SERVICING 846617 LOAN LOSS ALLOWANCE 727960 14063521 1661700 2189126 7986265 8595402 273226911 320694389 1256487 1569315 9114593 6000126 3177611 3114467 217163549 187339565 17338977 18040594 521811500 541542858 2992434 14628066 463051589 478276952 466044023 492905018 X 0 0 0 0 55767477 48637840 55767477 48637840 521811500 541542858 3927549 -11057186 0 X X 0 0 0 880452 880452 2336124 883883 1452241 1693108 1312650 380458 4204909 3803593 401316 3114467 JUMBO CD INVESTMENTS 5968000 C FEDERAL AGENCY SECURITIES 10044434 F AGENCY MORTGAGE SECURITIES 92736282 F SBA SECURITIES 1174589 F CATALYST INVESTMENTS 175335 F US TREASURY SECURITY 77240925 F 187339565 MEMBER SHARES 478276952 478276952 1 X X X 0 0 0 CAROL HAUCK PRESIDENT/CEO 363905 0 12390 0 1905 0 36420 0 20485 0 435105 0 0 0 JEFFREY CRUMP SVP/CFO 173091 0 1607 0 990 0 21555 0 10481 0 207724 0 0 0 JULIE AINSWORTH SVP/OPERATIONS 155932 0 2068 0 345 0 19862 0 27038 0 205245 0 0 0 JANCE DALTON SVP/CIO 164689 0 6600 0 225 0 20377 0 480 0 192371 0 0 0 JOSEPH KLEEMANN VP RE LENDING 130759 0 1364 0 645 0 16655 0 26847 0 176270 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 FIRST US COMMUNITY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A FIRST US COMMUNITY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B FIRST US COMMUNITY CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL BY THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER, FOCUSING ON BACK-UP SUPPORTING DETAIL AS NEEDED. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15A FIRST US COMMUNITY CREDIT UNION PARTICIPATES IN SEVERAL INDUSTRY-RELATED COMPENSATION SURVEYS EVERY YEAR. DATA FROM THESE SURVEYS IS THEN REVIEWED AND ANALYZED, BASED ON FACTORS SUCH AS REGION, AREA, ASSET SIZE, NUMBER OF EMPLOYEES, NUMBER OF MEMBERS, ETC. TO ATTEMPT TO MATCH "COMPARABLE" PAY DATA, AND RANGES ARE DETERMINED FOR EACH POSITION WITH THE MIDPOINT REPRESENTING MARKET SALARY FOR AN EXPERIENCED INCUMBENT. WE DETERMINE PLACEMENT WITHIN THE RANGE BASED ON A NUMBER OF FACTORS INCLUDING EDUCATION, YEARS OF EXPERIENCE, LEVEL OF PAST EXPERIENCE, SALARIES OF EMPLOYEES WITH COMPARABLE EXPERIENCE AND RESPONSIBILITY OF POSITION. THE BOARD OF DIRECTORS REVIEW AND APPROVES THE CHIEF EXECUTIVE OFFICER'S COMPENSATION AND CONTEMPORANEOUSLY DOCUMENTS THE DECISION IN THE BOARD MINUTES. THIS PROCESS LAST OCCURRED IN DECEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 FIRST US COMMUNITY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND UNAUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF JUNE 30TH, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST. FORM 990, PART I, LINES 14 & 17: IN 2022, FIRST US COMMUNITY CREDIT UNION DETERMINED THAT IT WAS MORE APPROPRIATE TO INCLUDE IN THE PRIOR YEAR COLUMN FOR LINE 17 (OTHER EXPENSES) CERTAIN ITEMS INCLUDED IN PRIOR YEAR FORMS 990, PART IX, IN LINE 4 (BENEFITS PAID TO OR FOR MEMBERS). CONFORMING ADJUSTMENTS HAVE BEEN MADE TO THE CURRENT YEAR AMOUNTS LISTED IN THE CURRENT YEAR COLUMN OF PART I AND PART IX.