2022-09-27T20:22:27-05:00 2021-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2021-01-01 951682200 ARROWHEAD CENTRAL CREDIT UNION ARRO 9093796897 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 TONY SAWAYA SVP/CFO 9093796897 2022-09-24 1 TONY SAWAYA 999009999 VALENTINO CREUS CPA P01054153 8189549700 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DARIN WOINAROWICZ 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 82663339 0 X WWW.ARROWHEADCU.ORG X CREDIT UNION 1949 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 512 11 1006060 0 0 0 71643991 73370408 9071569 6334029 271767 2952360 80987327 82656797 0 16868 0 0 31396698 32028248 0 0 0 40171184 33531591 71567882 65576707 9419445 17080090 1919166564 2240712641 1702392633 2017453939 216773931 223258702 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 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, ARROWHEAD CENTRAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 FINANCIAL SERVICES TO SOUTHERN CALIFORNIA AND CERTAIN PARTS OF NEVADA AND ARIZONA - AT DECEMBER 31, 2021 WE HAD 176,215 MEMBERS - 64,311 LOANS, AND 263,720 SHARE ACCOUNTS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 27920 0 1 512 1 1 1 0 0 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X TONY SAWAYA SVPCFO 9093796897 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 THOMAS POTTER BOARD CHAIRMAN 2.00 X 0 0 0 JOHN MCCORMACK BOARD VICE CHAIRMAN 2.00 X 0 0 0 DAN HYNES BOARD SECRETARY 2.00 X 0 0 0 PATRICIA COLE BOARD TREASURER 2.00 X 0 0 0 BETH BOCKENHAUER BOARD MEMBER 2.00 X 0 0 0 CATHLEEN FARRAR BOARD MEMBER 2.00 X 0 0 0 JAMES HALE BOARD MEMBER 2.00 X 0 0 0 TIM MCHARGUE BOARD MEMBER 2.00 X 0 0 0 WAYNE THIES BOARD MEMBER 2.00 X 0 0 0 SHERRY KENDRICK BOARD MEMBER 2.00 X 0 0 0 ART GOMEZ BOARD CHAIRMAN 2.00 X 0 0 0 DARIN WOINAROWICZ PRESIDENT/CEO 40.00 X 1529415 0 106722 ROBERTO MARTINEZ EVP COO 40.00 X 478127 0 35244 TANIOS SAWAYA SVP CFO 40.00 X 415895 0 39038 VAUGHN BOOK SVP CIO 40.00 X 353782 0 28019 WILLIAM WAGNER SVP LENDING 40.00 X 321505 0 36969 ANN WADAGNOLO SVP CRO 40.00 X 300462 0 15390 EMILY FRIESEN SVP MARKETING 40.00 X 282395 0 16629 VALERIE HOPKINS SVP HUMAN RESOURCES 40.00 X 267732 0 14075 DAVID FISHER VP BRANCHES 40.00 X 201778 0 15468 TRACY MADSEN VP CONTROLLER 40.00 X 174930 0 7510 THERESA HAINSWORTH VP OPERATIONS 40.00 X 172543 0 7550 DEBORA SIGLER VP RISK 40.00 X 171331 0 20260 SHAWN DUNN VP BUSINESS INTELLIGENCE 40.00 X 166142 0 7161 4836037 0 350035 42 0 1 0 ADVANCED NETWORK 8940 ACTIVITY ROAD SUITE F SAN DIEGO CA 92126 ATM SERVICING 1235758 LOOMIS HOLDING US INC DEPT 0757 PO BOX 120001 DALLAS TX 75312 CASH & COIN SERVICE FOR ATM'S 1176452 SECURITAS SECURITY SERVICES USA INC 150 SOUTH WACKER DRIVE CHICAGO IL 60606 SECURITY SERVICES 903288 SOUTHWEST BUSINESS CORPORATION PO BOX 795027 SAN ANTONIO CA 78279 COLLECTION SERVICES 802935 LEVEL 3 FINANCING INC 1025 ELDORADO BLVD STE 4000 BROOMFIELD CO 80021 NETWORK SECURITY SERVICES 759253 31 INTEREST ON LOANS 522100 34806907 34806907 OTHER OPERATING INCOME 522100 26655323 26380001 275322 FEE INCOME 522100 11908178 11177440 730738 73370408 6317871 6317871 22700 6542 16158 16158 16158 CREDIT FOR LOAN LOSSES 522100 2737900 2737900 GAIN ON OREO AND OTHER ASSETS 522100 108056 108056 CHANGE IN SERP MUTUAL FUNDS VALUE 522100 82967 82967 23437 23437 2952360 82656797 81650737 1006060 0 16868 4836037 21995517 948716 2306775 1941203 172425 148787 200028 1078141 15508636 1769818 2802128 52740 2738822 3648789 390145 MISCELLANEOUS OPERATING 2462414 LOAN SERVICING EXPENSE 2336381 OPERATING FEES 222337 65576707 114268386 77454936 368894067 299858677 9825903 10020977 1907318 2341841 56788165 29938645 27793830 26849520 681821377 1117171603 694769495 688021873 589274 412290 19296914 18580924 1919166564 2240712641 32114430 29338349 1670278203 1988115590 1702392633 2017453939 X 0 0 0 0 216773931 223258702 216773931 223258702 1919166564 2240712641 X 17080090 -10595724 405 X X 0 1 X 1 0 16868 16868 16868 1 CCUL - PAC 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 91761 940357265 16868 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 6458211 6458211 19814921 5098695 14716226 5981079 3504026 2477053 19658591 16516078 3142513 4875363 4819846 55517 26849520 ALL OTHER INVESTMENT 7259300 F NET LOANS TO MEMBERS 661172798 F NCUA SHARE INSURANCE DEPOSIT 18145860 C PAID IN CAPITAL AT CORP 698666 C DEPOSITS IN COMMERCIAL BANKS 247249 C INVESTMENTS IN NATURAL PERSON CU 498000 C 688021873 MEMBERS' SHARE & SAVINGS ACCOUNTS 1988115590 1988115590 X PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, MANAGEMENT HAS DETERMINED THAT THE CREDIT UNION HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. X X 1 1 X X 0 1 0 DARIN WOINAROWICZ PRESIDENT/CEO 1028156 0 378860 0 122399 0 79253 0 27469 0 1636137 0 0 0 ROBERTO MARTINEZ EVP COO 396414 0 58224 0 23489 0 7642 0 27602 0 513371 0 0 0 TANIOS SAWAYA SVP CFO 327630 0 47988 0 40277 0 11600 0 27438 0 454933 0 0 0 VAUGHN BOOK SVP CIO 277586 0 40875 0 35321 0 7091 0 20928 0 381801 0 0 0 WILLIAM WAGNER SVP LENDING 263167 0 38013 0 20325 0 11600 0 25369 0 358474 0 0 0 ANN WADAGNOLO SVP CRO 234400 0 33444 0 32618 0 7800 0 7590 0 315852 0 0 0 EMILY FRIESEN SVP MARKETING 238488 0 34988 0 8919 0 8667 0 7962 0 299024 0 0 0 VALERIE HOPKINS SVP HUMAN RESOURCES 222343 0 31094 0 14295 0 6794 0 7281 0 281807 0 0 0 DAVID FISHER VP BRANCHES 181659 0 18487 0 1632 0 8051 0 7417 0 217246 0 0 0 TRACY MADSEN VP CONTROLLER 147275 0 14941 0 12714 0 6979 0 531 0 182440 0 0 0 THERESA HAINSWORTH VP OPERATIONS 156097 0 15970 0 476 0 6981 0 569 0 180093 0 0 0 DEBORA SIGLER VP RISK 151615 0 17124 0 2592 0 4809 0 15451 0 191591 0 0 0 SHAWN DUNN VP BUSINESS INTELLIGENCE 142511 0 14834 0 8797 0 6635 0 526 0 173303 0 0 0 PART I, LINE 4B THERE IS A SUPPLEMENTAL RETIREMENT PLAN FOR THE CEO. THE CREDIT UNION OWNS THE ASSETS IN THE PLAN AND THE FIRST VESTING DATE IS IN 2021. THE SECOND VESTING DATE IS IN 2031. THE CREDIT UNION PROVIDES SPLIT DOLLAR LIFE INSURANCE ARRANGEMENTS FOR THE FOLLOWING CURRENT EXECUTIVE: DARIN WOINAROWICZ. DARIN WOINAROWICZ OFFICER FUND PURCHASE OF A CASH VALUE LIFE INSURANCE POLICY X 10000000 10020977 0 1 1 10020977 FORM 990, PART VI, SECTION A, LINE 6 ARROWHEAD CENTRAL 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. ARROWHEAD CENTRAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF ARROWHEAD CENTRAL 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 RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO THE ORGANIZATION'S CFO FOR HIS REVIEW. THE CFO PRESENTS ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL PRESENTS THE RETURN TO THE BOARD OF DIRECTORS AND SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THE ORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDIUAL(S). FORM 990, PART VI, SECTION B, LINE 12C FOR DIRECTORS, THE VOLUNTEER CODE OF PERSONAL AND BUSINESS CONDUCT (POLICY 1.16) (12 PAGES) REQUIRES ANNUAL, AT A MINIMUM, WRITTEN ACKNOWLEDGEMENT AND DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. FOR OFFICERS AND KEY EMPLOYEES, THE EMPLOYEE HANDBOOK, GENERAL POLICIES, CODE OF PERSONAL AND BUSINESS CONDUCT (13 PAGES) REQUIRES DISCLOSURE OF OUTSIDE INTERESTS WHENEVER AN ACTIVITY MAY BE CONTRARY TO THE BEST INTEREST OF THE CREDIT UNION. ALL EMPLOYEES ARE REQUIRED TO SIGN A WRITTEN ACKNOWLEDGEMENT OF THE RECEIPT OF THE CODE OF PERSONAL AND BUSINESS CONDUCT AND OF ANY SUBSEQUENT CHANGES THERETO. VIOLATIONS MAY SUBJECT THE EMPLOYEE TO DISCIPLINARY MEASURES, UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE COMPENSATION FOR THE CEO. THE CEO APPROVES THE COMPENSATION FOR THE EXECUTIVES. MARKET DATA IS USED TO DETERMINE COMPENSATION COMPARABILITY AMONG THE EXECUTIVES' SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE NCUA 5300 CALL REPORT IS AVAILABLE TO THE PUBLIC ON THE NCUA WEBSITE. THE CREDIT UNION'S FINANCIALS ARE POSTED AT EACH BRANCH LOCATION. ANY MEMBER MAY REQUEST TO SEE BOARD MEETING MINUTES. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY ACQUIRED IN MERGER 405. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. ARROWHEART FOUNDATION 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 463720925 CHARITY FUND CA 501(C)(3) LINE 7 ARROWHEAD CENTRAL CREDIT UNION 0 ARROWHEAD FINANCIAL GROUP INC 8686 HAVEN AVENUE RANCHO CUCAMONGA CA 91730 330082959 INSURANCE CA ARROWHEAD CENTRAL CREDIT UNION C 49888 332972 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ARROWHEAD FINANCIAL GROUP INC Q AMOUNT BELOW THRESHOLD