2022-11-15T16:45:05-06:00 2021-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2021-01-01 951288265 WESCOM CENTRAL CREDIT UNION WESC 8884937266 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 CINDY LAW VP/CONTROLLER 8884937266 2022-11-14 1 CINDY LAW 999009999 NAZANIN BENYAMINI P00666808 3104773924 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WESCOM CREDIT UNION CINDY LAW 123 SOUTH MARENGO AVENUE PASADENA CA 911012428 935740864 0 X WWW.WESCOM.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 965 15 5323150 0 0 0 144995400 140434771 56125303 60430576 0 6800000 201120703 207665347 244736 546340 0 0 86615718 88713008 0 0 0 98368496 90897842 185228950 180157190 15891753 27508157 4502286439 5170841754 4133799667 4806526762 368486772 364314992 X THE GENERAL MISSION OF THE CREDIT UNION IS TO PROMOTE THRIFT, HONESTY, INTEGRITY AND A SPIRIT OF SERVICE AMONG ITS MEMBERS. IN ADDITION, THE ORGANIZATION MAKES LOANS TO ITS MEMBERS AT REASONABLE RATES, INVESTS EXCESS LIQUIDITY PRUDENTLY AND WITHIN LIMITS AS PERMITTED BY CALIFORNIA LAW, AND ENGAGES IN ANY OTHER LAWFUL ACTIVITY NOT PROHIBITED BY APPLICABLE LAWS AND REGULATIONS. 0 0 THE CREDIT UNION HAD $5.1 BILLION IN ASSETS, $2.3 BILLION IN LOANS AND $4.23 BILLION IN MEMBER DEPOSITS AS OF DECEMBER 31, 2021. THE CREDIT UNION POSTED NET EARNINGS OF $33 MILLION IN 2021. THE CREDIT UNION'S 2021 INITIATIVES INCLUDED MEMBERSHIP GROWTH, ENHANCING PRODUCTS AND SERVICES, INCREASED SERVICE IN OUR COMMUNITIES, DEVELOPMENTS IN DELIVERY CHANNELS, AND LOAN GROWTH. THE CREDIT UNION THROUGH ITS EMPLOYEES, MEMBERS, AND WESCOM FOUNDATION SUPPORTED COMMUNITY OUTREACH THROUGHOUT 2021. $35,000 DONATED TO UCLA STUDENTS FACING FOOD INSECURITY. $25,000 DONATED TO UCLA STUDENTS IMPACTED BY THE PANDEMIC. $88,000+ DONATED TO THE NATIONAL LOCAL FOOD BANKS. $28,000 DONATED TO TUTORING SCHOLARSHIPS. FOUNDATION FOCUS AREAS SHIFTED TO DISASTER RESPONSE, CRITICAL HUMAN NEEDS, AND FINANCIAL WELLNESS 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 87674 0 1 965 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 X CINDY LAW VPCONTROLLER 8884937266 123 S MARENGO AVENUE PASADENA CA 911012428 POURIA ABBASI BOARD MEMBER 2.00 X 0 0 0 HANI BHIMIJI VICE CHAIRMAN 2.00 X X 7270 0 0 RON FISCHER TREASURER 2.00 X X 12545 0 0 GINA FRIEDRICH BOARD MEMBER 2.00 X 13444 0 0 JESSICA GUTIERREZ BOARD MEMBER 2.00 X 604 0 0 DANIEL KRAUS SECRETARY 2.00 X X 16415 0 0 JEFF LUONG BOARD MEMBER 2.00 X 3079 0 0 VIRGINIA PANOSSIAN BOARD MEMBER 2.00 X 6044 0 0 DAVID PEREZ BOARD MEMBER 2.00 X 1530 0 0 NOEL ROSS CHAIRMAN 2.00 X X 11170 0 0 BRAD SELBY BOARD MEMBER 2.00 X 10031 0 0 JOSEPH PELLISSERY SENIOR VP TECHNOLOGY & CIO 40.00 X 509819 0 125924 KEITH PIPES EVP LENDING & FINANCIAL SE 40.00 X 604944 0 236132 DARREN WILLIAMS PRESIDENT & CEO 40.00 X 4164933 0 1222790 IRVING CHIU HENG YU SVP FINANCE & CFO 40.00 X 419066 0 119962 JONATHON ALLEN SVP FINANCIAL SVCS & DEPOSIT OPERATIONS 40.00 X 411483 0 116343 JONATHON BAUMAN VP LOAN SERVICING & DEFAULT MGMT 40.00 X 295872 0 39611 DAVID CERWINSKI VP CORPORATE DEV. & PRESIDENT WRG 40.00 X 247384 0 36679 MARK DY-RAGOS VP INFORMATION SECURITY 40.00 X 254600 0 38996 RAFAEL GUERRA PRESIDENT WIS 40.00 X 260368 0 39041 DAVID GUMPERT-HERSH VP CREDIT RISK 40.00 X 273513 0 45624 CARINA HOLLIS SVP AND GENERAL COUNSEL 40.00 X 259885 0 20100 GARY KOKONYAN VP BUSINESS ANALYTICS 40.00 X 270261 0 52694 CINDY CHING-CHING LAW VP FINANCE 40.00 X 289574 0 47280 VICTOR LOPEZ VP BRANCH OPERATIONS 40.00 X 273954 0 25613 ALEXANDER MUNRO VP INFORMATION TECHNOLOGY 40.00 X 296055 0 39853 DEENA OTTO UNTIL 82021 SVP PAYMENTS & DIGITAL CHANNELS 40.00 X 278355 0 30133 MAGGIE PACHECO VP REAL ESTATE LENDING 40.00 X 286722 0 35379 MELISSA PEDERSON SVP ADMINISTRATION 40.00 X 407737 0 93524 BRIAN SEDLAK VP INFORMATION TECHNOLOGY 40.00 X 260219 0 25503 JEFF SMRCKA VP CONSUMER LENDING 40.00 X 252761 0 55330 CHARLES THOMAS SVP CHIEF LENDING OFFICER 40.00 X 690495 0 65106 LISA THOMPSON VP ENTERPRISE RISK 40.00 X 296392 0 29079 ADRIANA WELCH SVP BRANCH OPERATIONS 40.00 X 371574 0 99788 STEPHANIE WINKLER VP HUMAN CAPITAL & DEVELOPMENT 40.00 X 293528 0 22556 PAN KWE SR FINANCIAL ADVISOR 40.00 X 560430 0 52824 SUSAN GIBSON UNTIL 102021 FINANCIAL ADVISOR 40.00 X 430802 0 14453 TRACY LOPEZ LOAN OFFICER 40.00 X 344569 0 16919 AUDRA MARTIN LOAN OFFICER 40.00 X 338954 0 8406 DONALD SABLATURA LOAN OFFICER 40.00 X 504975 0 39624 14231356 0 2795266 205 0 1 0 GRAIL BRAND DESIGN LLC 12 CORPORATE PLAZA DRIVE SUITE 200 NEWPORT BEACH CA 92660 ADVERTISING 2384229 SECURITAS SECURITY SERVICES USA INC PO BOX 57220 LOS ANGELES CA 90074 SECURITY 476125 KONICA MINOLTA BUSINESS SOLUTIONS USA DEPT LA 22988 PASADENA CA 91185 SOFTWARE SERVICES 394019 ROPES & GRAY LLP PO BOX 70280 MAIL CODE 11104 PHILADELPHIA PA 19176 LEGAL SERVICES 355601 CROWE LLP PO BOX 51660 LOS ANGELES CA 90051 AUDIT SERVICES 338250 9 INTEREST INCOME 522100 81236758 81234408 2350 FEE INCOME 522100 36500318 36047305 453013 OTHER OPERATING INCOME 522100 22697695 17829908 4867787 140434771 31290666 31290666 757190027 25400 727938681 136836 29251346 -111436 29139910 29139910 PROVISION CREDITS 522100 6800000 6800000 6800000 207665347 202342197 5323150 0 546340 14714661 59277726 4756490 4899660 5064471 732672 263889 1800172 7081936 15027287 4903487 8432245 683005 16769270 12935462 813797 LOAN SERVICING 19108876 OPERATING EXPENSES 1369482 TAXES & LICENSES 824312 EDUCATIONAL REIMBURSEME 150813 1137 180157190 25707063 23691002 292539183 141157006 8319876 10194522 6045042 6456768 196629177 121435469 75497688 75193708 1876757043 2416262760 2124678431 2363818789 8100139 8100139 84641974 125967060 4502286439 5170841754 120961518 87662555 4012838149 4718864207 4133799667 4806526762 X 0 0 0 0 368486772 364314992 368486772 364314992 4502286439 5170841754 X 27508157 -54031386 22351449 X 0 1 X 1 0 9390319 9390319 75623093 44211495 31411598 15114302 8353208 6761094 95530843 68870766 26660077 970620 970620 75193708 LOANS AND INVESTMENTS IN NATURAL PERSON CUS 100000 C ALL OTHER INVESTMENTS 17250000 F LOANS AND LEASES 2304349838 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 38282260 C LOANS HELD FOR SALE 3836691 C 2363818789 OTHER NOTES AND INTEREST PAYABLE 281181896 SHARES AND DEPOSITS 4434773517 DEFERRED REVENUE 2908794 4718864207 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE CREDIT UNION'S WHOLLY OWNED SUBSIDIARIES, WESCOM FINANCIAL SERVICES, LLC AND WESCOM RESOURCES GROUP, LLC ARE SUBJECT TO STATE AND FEDERAL INCOME TAX. OPERATIONS OF THE WHOLLY OWNED SUBSIDIARIES RESULTED IN AN INSIGNIFICANT AMOUNT OF INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE SUBSIDIARIES ARE SUBJECT TO U.S. FEDERAL INCOME TAX AS WELL AS INCOME TAX OF THE STATE OF CALIFORNIA. THE SUBSIDIARIES ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2017. THE SUBSIDIARIES RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN OTHER EXPENSE. THERE WERE NO INTEREST OR PENALTIES RECORDED IN 2021 OR 2020. 0 CHILDREN'S MIRACLE NETWORK 2855 E GUASTI ROAD SUITE 600 ONTARIO CA 917611250 870387205 501(C)(3) 20019 0 TO INCREASE FUNDS AND AWARENESS FOR CHILDREN'S HOSPITAL LOS ANGELES. WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 501(C)(3) 503771 0 TO PROVIDE FINANCIAL SUPPORT TO SPONSOR COMMUNITY SERVICE OPPORTUNITIES. WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 537054493 396093210 501(C)(3) 15000 0 TO PROVIDE EDUCATIONAL PROGRAMS TO EMPOWER MEMBERS TO MAKE THE FINANCIAL CHOICES TO IMPROVE THEIR LIVES. VALLEY INDUSTRY & COMMERCE ASSOCIATION 16600 SHERMAN WAY SUITE 170 VAN NUYS CA 91406 237182039 501(C)(4) 6000 0 CO-SPONSORSHIP OF SPECIAL EVENT. 3 1 X X 1 1 X X X X 0 1 0 DARREN WILLIAMS PRESIDENT & CEO 855903 0 318600 0 2990430 0 1186158 0 36632 0 5387723 0 2955709 0 KEITH PIPES EVP LENDING & FINANCIAL SE 403757 0 151203 0 49984 0 199500 0 36632 0 841076 0 0 0 CHARLES THOMAS SVP CHIEF LENDING OFFICER 320483 0 80766 0 289246 0 41732 0 23374 0 755601 0 250000 0 JOSEPH PELLISSERY SENIOR VP TECHNOLOGY & CIO 364594 0 114534 0 30691 0 92042 0 33882 0 635743 0 0 0 PAN KWE SR FINANCIAL ADVISOR 0 0 559521 0 909 0 16192 0 36632 0 613254 0 0 0 DONALD SABLATURA LOAN OFFICER 60730 0 442129 0 2116 0 15780 0 23844 0 544599 0 0 0 IRVING CHIU HENG YU SVP FINANCE & CFO 297591 0 75386 0 46089 0 83330 0 36632 0 539028 0 0 0 JONATHON ALLEN SVP FINANCIAL SVCS & DEPOSIT OPERATI 300378 0 77645 0 33460 0 92969 0 23374 0 527826 0 0 0 MELISSA PEDERSON SVP ADMINISTRATION 294879 0 71593 0 41265 0 80414 0 13110 0 501261 0 0 0 ADRIANA WELCH SVP BRANCH OPERATIONS 283593 0 67223 0 20758 0 91791 0 7997 0 471362 0 0 0 SUSAN GIBSON UNTIL 102021 FINANCIAL ADVISOR 122294 0 302665 0 5843 0 10861 0 3592 0 445255 0 0 0 TRACY LOPEZ LOAN OFFICER 54551 0 287003 0 3015 0 13221 0 3698 0 361488 0 0 0 AUDRA MARTIN LOAN OFFICER 52605 0 285854 0 495 0 0 0 8406 0 347360 0 0 0 CINDY CHING-CHING LAW VP FINANCE 221949 0 45601 0 22024 0 10648 0 36632 0 336854 0 0 0 ALEXANDER MUNRO VP INFORMATION TECHNOLOGY 224926 0 46675 0 24454 0 16594 0 23259 0 335908 0 0 0 JONATHON BAUMAN VP LOAN SERVICING & DEFAULT MGMT 229759 0 44362 0 21751 0 17352 0 22259 0 335483 0 0 0 LISA THOMPSON VP ENTERPRISE RISK 237567 0 46374 0 12451 0 13774 0 15305 0 325471 0 0 0 GARY KOKONYAN VP BUSINESS ANALYTICS 226411 0 31441 0 12409 0 19500 0 33194 0 322955 0 0 0 MAGGIE PACHECO VP REAL ESTATE LENDING 228565 0 43362 0 14795 0 12005 0 23374 0 322101 0 0 0 DAVID GUMPERT-HERSH VP CREDIT RISK 213563 0 42979 0 16971 0 19500 0 26124 0 319137 0 0 0 STEPHANIE WINKLER VP HUMAN CAPITAL & DEVELOPMENT 231368 0 42344 0 19816 0 10197 0 12359 0 316084 0 0 0 DEENA OTTO UNTIL 82021 SVP PAYMENTS & DIGITAL CHANNELS 160860 0 72444 0 45051 0 19500 0 10633 0 308488 0 0 0 JEFF SMRCKA VP CONSUMER LENDING 208916 0 31406 0 12439 0 19500 0 35830 0 308091 0 0 0 VICTOR LOPEZ VP BRANCH OPERATIONS 200633 0 41636 0 31685 0 17207 0 8406 0 299567 0 0 0 RAFAEL GUERRA PRESIDENT WIS 211414 0 34998 0 13956 0 15696 0 23345 0 299409 0 0 0 MARK DY-RAGOS VP INFORMATION SECURITY 203214 0 40064 0 11322 0 14033 0 24963 0 293596 0 0 0 BRIAN SEDLAK VP INFORMATION TECHNOLOGY 205322 0 40381 0 14516 0 13173 0 12330 0 285722 0 0 0 DAVID CERWINSKI VP CORPORATE DEV. & PRESIDENT WRG 198993 0 37896 0 10495 0 14903 0 21776 0 284063 0 0 0 CARINA HOLLIS SVP AND GENERAL COUNSEL 206206 0 33945 0 19734 0 17138 0 2962 0 279985 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE PRESIDENT IS AUTHORIZED TO INCUR FIRST CLASS TRAVEL EXPENSES ON BEHALF OF HIS/HER SPOUSE PROVIDED THAT THE PRESIDENT SHALL BE RESPONSIBLE FOR ALL TAXES FOR ANY SUCH EXPENSES, AND THE TRAVEL IS RELATED TO THE CREDIT UNION AND IN THE BEST INTEREST OF THE CREDIT UNION. PART I, LINE 4B THE CREDIT UNION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN. FOR TAX YEAR 2021, THE FOLLOWING INDIVIDUALS HAVE EARNED BUT UNPAID INCENTIVE COMPENSATION DEFERRED UNDER A DEFERRED COMPENSATION PLAN. THE APPLICABLE AMOUNTS BELOW ARE INCLUDED AS PART OF THEIR "RETIREMENT AND OTHER DEFERRED COMPENSATION" FIGURES ON PART II COLUMN C: - DARREN WILLIAMS $1,166,658 - KEITH PIPES $180,000 - IRVING YU $63,830 - JONATHON ALLEN $73,469 - MELISSA PEDERSON $60,914 - JOSEPH PELLISSERY $74,678 - CHARLES THOMAS $34,091 - ADRIANA WELCH $72,500 ADRIANA WELCH KEY EMPLOYEE 1ST MORTGAGE X 799200 664806 0 1 1 ADRIANA WELCH KEY EMPLOYEE CREDIT CARD X 7500 1512 0 1 1 ADRIANA WELCH KEY EMPLOYEE AUTO LOAN X 48706 40808 0 1 1 ASHLEY WHITE KEY EMPLOYEE 1ST MORTGAGE X 327700 320323 0 1 1 ALEXANDER MUNRO KEY EMPLOYEE 1ST MORTGAGE X 650000 609468 0 1 1 ALEXANDER MUNRO KEY EMPLOYEE AUTO LOAN X 12139 9363 0 1 1 CARINA HOLLIS KEY EMPLOYEE AUTO LOAN X 32777 5664 0 1 1 CARINA HOLLIS KEY EMPLOYEE 1ST MORTGAGE X 636000 366691 0 1 1 COLLEEN SAVAGE KEY EMPLOYEE CREDIT CARD X 10000 76 0 1 1 DANIEL MOORE KEY EMPLOYEE 1ST MORTGAGE X 507500 433440 0 1 1 DANIEL MOORE KEY EMPLOYEE AUTO LOAN X 51275 16621 0 1 1 DARREN WILLIAMS OFFICER HELOC X 500000 499400 0 1 1 DARREN HOSHIDE KEY EMPLOYEE AUTO LOAN X 55600 46908 0 1 1 DAVID CERWINSKI KEY EMPLOYEE 1ST MORTGAGE X 390000 278256 0 1 1 DONALD SABLATURA KEY EMPLOYEE AUTO LOAN X 40424 29135 0 1 1 GARY KOKONYAN KEY EMPLOYEE AUTO LOAN X 21871 16421 0 1 1 GARY KOKONYAN KEY EMPLOYEE CREDIT CARD X 25000 4958 0 1 1 HELIO MARTINEZ KEY EMPLOYEE 1ST MORTGAGE X 200000 137085 0 1 1 HELIO MARTINEZ KEY EMPLOYEE HELOC X 150000 149939 0 1 1 HELIO MARTINEZ KEY EMPLOYEE AUTO LOAN X 40254 27456 0 1 1 IRVING YU OFFICER 1ST MORTGAGE X 800000 784689 0 1 1 IRVING YU OFFICER HELOC X 80000 40000 0 1 1 IRVING YU OFFICER CREDIT CARD X 8477 0 1 1 JONATHON ALLEN KEY EMPLOYEE AUTO LOAN X 60000 54327 0 1 1 JONATHON BAUMAN KEY EMPLOYEE 1ST MORTGAGE X 209000 63648 0 1 1 KAREN FALL KEY EMPLOYEE 1ST MORTGAGE X 240000 230712 0 1 1 KAREN FALL KEY EMPLOYEE HELOC X 110000 65000 0 1 1 KAREN FALL KEY EMPLOYEE AUTO LOAN X 36168 9509 0 1 1 KAREN FALL KEY EMPLOYEE CREDIT CARD X 9500 6532 0 1 1 KEITH PIPES OFFICER 1ST MORTGAGE X 2280000 2261655 0 1 1 KEITH PIPES OFFICER CREDIT CARD X 24500 130 0 1 1 MAGGIE PACHECO KEY EMPLOYEE PERSONAL LOC X 35000 34205 0 1 1 MARISA SUE KEY EMPLOYEE 1ST MORTGAGE X 416000 397138 0 1 1 MARK DY-RAGOS KEY EMPLOYEE 1ST MORTGAGE X 680000 642460 0 1 1 MELISSA PEDERSON KEY EMPLOYEE CREDIT CARD X 16500 6791 0 1 1 MELISSA PEDERSON KEY EMPLOYEE AUTO LOAN X 70470 57014 0 1 1 MELISSA PEDERSON KEY EMPLOYEE 1ST MORTGAGE X 636000 556453 0 1 1 MELISSA PEDERSON KEY EMPLOYEE HELOC X 55000 45108 0 1 1 RALPH BAUTISTA KEY EMPLOYEE CREDIT CARD X 28500 1718 0 1 1 RUSSELL DOUGLASS KEY EMPLOYEE 1ST MORTGAGE X 438000 372899 0 1 1 SYLVIE OHANNESSIAN KEY EMPLOYEE 1ST MORTGAGE X 682000 606025 0 1 1 VICTOR LOPEZ KEY EMPLOYEE 1ST MORTGAGE X 362000 290968 0 1 1 VICTOR LOPEZ KEY EMPLOYEE CREDIT CARD X 26800 734 0 1 1 10194522 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS OWNED BY MEMBERS, MEMBERSHIP IS AVAILABLE TO ANY AND ALL PERSONS WHO LIVE, REGULARLY WORK, CURRENTLY ATTEND SCHOOL, OR CURRENTLY WORSHIP IN THE SEVEN COUNTIES OF SOUTHERN CALIFORNIA. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO MAY ELECT THE GOVERNING BODY. EACH MEMBER HAS ONE VOTE TO ELECT THE MEMBERS FOR THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE DIRECTORS, ELECTIONS ARE HELD AND BOARD DECISIONS REGARDING ELECTION OR REMOVAL OF DIRECTORS ARE VOTED ON BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS REVIEWED BY THE VP CONTROLLER, THE SVP CHIEF FINANCIAL OFFICER, AND THE CEO OF THE ORGANIZATION. THE RETURN THEN GOES THROUGH A FINAL REVIEW BY THE BOARD OF DIRECTORS BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS ENFORCED AND MONITORED THROUGH OUR VARIOUS REPORTING MECHANISMS (ETHICS POINT, OPEN DOOR COMMUNICATION POLICY, WHICH INCLUDES RECOMMENDING THAT EMPLOYEES DISCUSS THE ISSUES WITH THEIR MANAGER, HUMAN RESOURCES, SENIOR MANAGEMENT OR THE CEO), WE ADDRESS THE ISSUE AND USE OUR POLICY FOR GUIDANCE, WHICH PROMOTES CONSISTENCY. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION: WESCOM CREDIT UNION'S BOARD OF DIRECTORS PARTNERS WITH A THIRD PARTY VENDOR TO PERFORM REGULAR REVIEWS TO ENSURE THAT THE PRESIDENT/CEO'S SALARY AND TARGET INCENTIVE REMAIN IN THE APPROPRIATE RELATIONSHIP TO THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIAL PERFORMANCE. IN ADDITION, THE PRESIDENT/CEO'S SUPPLEMENTAL RETIREMENT ACCOUNT IS REVIEWED WITH THE BOARD TO EVALUATION INVESTMENT PERFORMANCE AND TO CONSIDER ANY PROGRAM ADJUSTMENTS THAT NEED TO BE MADE TO ENSURE THE PROGRAM REMAINS APPROPRIATE TO THE MARKET. THE BOARD APPROVES ALL CHANGES TO THE PRESIDENT/CEO'S COMPENSATION AND SUPPLEMENTAL RETIREMENT PLANS. FORM 990, PART VI, SECTION B, LINE 15B: OTHER KEY EMPLOYEES' COMPENSATION: WESCOM CREDIT UNION PARTNERS WITH A THIRD PARTY TO PERFORM A PERIODIC REVIEW TO ENSURE THAT THE EXECUTIVE AND STAFF TEAM MEMBERS' SALARY RANGES AND TARGET INCENTIVES REMAIN IN AN APPROPRIATE RELATIONSHIP WITH THE MARKET. OUR THIRD PARTY CONSULTANT EXAMINES THE CURRENT COMPENSATION MARKET THROUGH AN ANALYSIS WHICH INCLUDES A CREDIT UNION PEER GROUP BASED ON ASSET SIZE AND FINANCIALS PERFORMANCE. THE HR COMMITTEE OF THE BOARD REVIEWS THE INFORMATION AND PREPARES A RECOMMENDATION FOR THE BOARD OF DIRECTORS APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. REQUESTS REGARDING GOVERNING DOCUMENTS AND CONFLICT OF INTERESTS CAN BE SUBMITTED TO THE ORGANIZATION AND COPIES WILL BE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S INFORMATIONAL RETURN IS AVAILABLE UPON REQUEST OR ON A PUBLIC WEBSITE, GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 16,600,752. CHANGE IN FUNDED STATUS OF DEFINED BENEFIT PENSION PLAN 104,355. UNREALIZED GAIN IN SERP ACCOUNT 5,646,342. WESCOM FINANCIALS SERVICES LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 954853684 FINANCIAL SERVICES CA 9533440 9537469 WESCOM CREDIT UNION WESCOM RESOURCES GROUP LLC 123 SOUTH MARENGO AVENUE PASADENA CA 91101 431966875 DATA PROCESSING CA 4096979 7313731 WESCOM CREDIT UNION WESCOM FOUNDATION 123 SOUTH MARENGO AVENUE PASADENA CA 91101 311709115 CHARITY FUND CA 501(C)(3) LINE 10 N/A 0 WESCOM CENTER ASSOCIATION INC 5601 E LA PALMA AVE ANAHEIM CA 92807 562628434 MANAGEMENT OF REAL PROPERTY CA WESCOM CENTRAL CREDIT UNION C 20157 0.33820 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 WESCOM FINANCIALS SERVICES LLC J 1110697 ACTUAL AMOUNT PAID WESCOM RESOURCES GROUP LLC J 1088147 ACTUAL AMOUNT PAID WESCOM FOUNDATION B 224043 EMPLOYEE CONTRIB. PLUS WCCU MATCH WESCOM FOUNDATION B 391750 AMOUNT OF CONTRIBUTION