2021-10-27T09:53:46-05:00 2020-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1200 MINNEAPOLIS MN 554022526 990 2020-01-01 951797779 ORANGE COUNTY'S CREDIT UNION ORAN 7147555900 PO BOX 11777 SANTA ANA CA 92711 JONATHAN NEBOT CFO 7147555900 2021-10-26 1 JONATHAN NEBOT 999009999 KACIE MCEWEN P01599614 6123324300 2021-10-26 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHRUTI MIYASHIRO PO BOX 11777 SANTA ANA CA 92711 81608158 0 X WWW.ORANGECOUNTYSCU.ORG X 1938 CA OUR MISSION IS TO MAINTAIN FINANCIAL STRENGTH IN ORDER TO PROVIDE CONVENIENT ACCESS, EXCEPTIONAL SERVICE, AND FINANCIAL SOLUTIONS TO MEET THE UNIQUE NEEDS OF OUR DIVERSE MEMBERSHIP AND COMMUNITIES. 7 7 377 11 719731 0 0 0 73748814 78058657 7565017 3545301 12600 4200 81326431 81608158 0 0 9932171 9852776 32099750 35268504 0 0 0 30017968 27809958 72049889 72931238 9276542 8676920 1758822108 2156208156 1577285851 1963500178 181536257 192707978 OUR MISSION IS TO MAINTAIN FINANCIAL STRENGTH IN ORDER TO PROVIDE CONVENIENT ACCESS, EXCEPTIONAL SERVICE, AND FINANCIAL SOLUTIONS TO MEET THE UNIQUE NEEDS OF OUR DIVERSE MEMBERSHIP AND COMMUNITIES. 0 0 ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING CONSUMER LOAN PRODUCTS TO OUR MEMBERS: AUTOMOBILE, MORTGAGE, OTHER SECURED, AND UNSECURED. AS OF DECEMBER 31, 2020 OUR LOANS PORTFOLIO HAD 48,973 LOANS OUTSTANDING TOTALING $1.091 BILLION. ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING COMMERCIAL LOAN PRODUCTS TO OUR MEMBERS: COMMERCIAL MORTGAGE, AND INSTALLMENT. AS OF DECEMBER 31, 2020 OUR LOANS PORTFOLIO HAD 148 LOANS OUTSTANDING TOTALING $159.8 MILLION. ORANGE COUNTY'S CREDIT UNION OFFERS THE FOLLOWING SHARES ACCOUNTS TO OUR RETAIL AND COMMERCIAL MEMBERSHIP: SAVINGS, CHECKING, MONEY MARKET, IRA, CERTIFICATE OF DEPOSIT, AND INVESTMENT SERVICES. AS OF DECEMBER 31, 20120 WE HAD 250,874 ACCOUNTS TOTALING $1.964 BILLION. 0 0 1 0 0 0 0 1 0 1 1 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 24231 0 1 377 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 CA X JONATHAN NEBOT CFO 7147555900 PO BOX 11777 SANTA ANA CA 92711 SHRUTI MIYASHIRO PRESIDENT/CEO 40.00 X 734026 0 22800 CATHERINE BARAJAS MORTGAGE SALES MANAGER 40.00 X 500549 0 28088 JONATHAN NEBOT CFO 40.00 X 327193 0 51650 LAURA THOMPSON CIO 40.00 X 332282 0 30838 WARREN JEFFREY HARPER CLO 40.00 X 297273 0 55925 AMBER CISNEROS CHIEF MEMBER EXPERIENCE OFFICER 40.00 X 272828 0 48905 CARLOS MIRAMONTEZ VP MORTGAGE LENDING 40.00 X 254087 0 50189 VALENTINA GERSHUNOFF MORTGAGE LOAN CONSULTANT 40.00 X 255430 0 31005 DONALD CARAZO VP MEMBER SERVICE 40.00 X 244450 0 40545 GERARDO BAEZ MORTGAGE LOAN CONSULTANT 40.00 X 254732 0 24017 ARTHUR ARMAS VP BUSINESS SERVICES 40.00 X 226424 0 39762 NANCY MARCOSA MORTGAGE LOAN CONSULTANT 40.00 X 230910 0 28311 REBECCA BOWER CAEO 40.00 X 222102 0 29698 NORMAN GARCIA MORTGAGE LOAN CONSULTANT 40.00 X 226157 0 23827 SHAUN SOUKENIK INVESTMENT SERVICES FINANCIAL CONSULTANT 40.00 X 208264 0 26228 SUSAN HUSS VP CONSUMER LENDING 40.00 X 163425 0 22483 GARY BURTON CHAIR 1.00 X X 0 0 0 VIKKI BEATLEY VICE CHAIR 1.00 X X 0 0 0 CHRIS CASE TREASURER 1.00 X X 0 0 0 COLEEN MONTELEONE SECRETARY 1.00 X X 0 0 0 DAN DILLON DIRECTOR (RETIRED JUNE 10, 2020) 1.00 X 0 0 0 MIKE JENSEN DIRECTOR 1.00 X 0 0 0 FRANK KIM DIRECTOR 1.00 X 0 0 0 MAUREEN LI DIRECTOR (AS OF OCTOBER 2020) 1.00 X 0 0 0 4750132 0 554271 78 0 1 0 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 TECHNOLOGICAL SOLUTIONS 2717062 TEMENOS 9225 BEE CABE ROAD BUIILDING A SU AUSTIN TX 78733 DIGITAL BANKING APPLICATIONS 869756 JACK HENRY & ASSOCIATES 663 W HWY 60 MONETT MO 65708 ACCOUNTING SOFTWARE 741145 SOLIDIFI 39810 TREASURY CENTER CHICAGO IL 60694 REAL ESTATE PROPERTY APPRAISALS 500170 TPX COMMUNICATIONS PO BOX 509013 SAN DIEGO CA 92150 TELECOMMUNICATIONS 472376 20 LOAN SERVICES 522100 50766415 50766415 FEES AND CHARGES 522100 27292242 26572511 719731 78058657 3545301 3545301 4200 0 4200 4200 4200 81608158 77338926 719731 3549501 9852776 4000349 24462107 1617293 3264861 1923894 401131 132362 145536 14830 283686 1627568 2045869 4146159 3258494 64389 45482 772735 104987 1091791 192969 OPERATIONS 6993184 PROVISION FOR LOAN LOSS 4466001 LOAN SERVICING 1642794 MISCELLANEOUS 379991 72931238 217104650 565174733 3382162 3468774 15956000 16476226 1273631205 1255860560 2170220 2761810 47973728 27524195 22562137 20449533 142245932 184461401 81769802 107555119 1758822108 2156208156 15162658 17516529 133333 76190 2457711 2598453 36750000 39000000 1522782149 1904309006 1577285851 1963500178 X 0 0 0 0 181536257 192707978 181536257 192707978 1758822108 2156208156 8676920 2494801 0 X 0 1 X 1 0 5000 5000 5000 1 CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 1201 K STREET SUITE 150 SACRAMENTO CA 95814 942329967 5000 0 PART I-A, LINE 1: ORANGE COUNTY'S CREDIT UNION CONTRIBUTED TO THE CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE (PAC). 0 1 X 3405528 3405528 19096026 7982750 11113276 5604533 3861524 1743009 12116169 9423698 2692471 7751472 6256223 1495249 20449533 AVAILABLE FOR SALE 182263439 F OTHER INVESTMENTS 200000 C ATM COOP STOCK 1622962 C CUDL STOCK 350000 C C-U FIRST DEPOSIT 25000 C 184461401 MEMBER SHARE AND SAVINGS ACCOUNTS 1902720940 HEDGE DERIVATIVE LIABILITY 1588066 1904309006 X 81608158 0 81608158 0 81608158 72931238 0 72931238 0 72931238 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW RELATED TO THE MORTGAGE LOANS OUTSTANDING. PART X, LINE 2: THE CREDIT UNION HAS FILED UNRELATED BUSINESS INCOME TAX (UBIT) RETURNS (990-T) IN THE PAST, WHICH HAS RESULTED IN NO INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. IN ADDITION, THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2020 AND 2019. X X X X X X 0 1 0 SHRUTI MIYASHIRO PRESIDENT/CEO 718609 0 0 0 15417 0 22800 0 465 0 757291 0 0 0 CATHERINE BARAJAS MORTGAGE SALES MANAGER 499729 0 0 0 820 0 22800 0 5693 0 529042 0 0 0 JONATHAN NEBOT CFO 326609 0 0 0 584 0 20865 0 31250 0 379308 0 0 0 LAURA THOMPSON CIO 225402 0 0 0 106880 0 20357 0 10868 0 363507 0 0 0 WARREN JEFFREY HARPER CLO 295413 0 0 0 1860 0 22800 0 33590 0 353663 0 0 0 AMBER CISNEROS CHIEF MEMBER EXPERIENCE OFFICER 271722 0 0 0 1106 0 19739 0 29631 0 322198 0 0 0 CARLOS MIRAMONTEZ VP MORTGAGE LENDING 252684 0 0 0 1403 0 21023 0 29631 0 304741 0 0 0 VALENTINA GERSHUNOFF MORTGAGE LOAN CONSULTANT 254763 0 0 0 667 0 20441 0 10896 0 286767 0 0 0 DONALD CARAZO VP MEMBER SERVICE 243344 0 0 0 1106 0 19724 0 21286 0 285460 0 0 0 GERARDO BAEZ MORTGAGE LOAN CONSULTANT 254104 0 0 0 628 0 13810 0 10589 0 279131 0 0 0 ARTHUR ARMAS VP BUSINESS SERVICES 225340 0 0 0 1084 0 17941 0 22286 0 266651 0 0 0 NANCY MARCOSA MORTGAGE LOAN CONSULTANT 230208 0 0 0 702 0 16997 0 11664 0 259571 0 0 0 REBECCA BOWER CAEO 220881 0 0 0 1221 0 7746 0 22417 0 252265 0 0 0 NORMAN GARCIA MORTGAGE LOAN CONSULTANT 225626 0 0 0 531 0 16909 0 7107 0 250173 0 0 0 SHAUN SOUKENIK INVESTMENT SERVICES FINANCIAL CONSUL 207515 0 0 0 749 0 16160 0 10473 0 234897 0 0 0 SUSAN HUSS VP CONSUMER LENDING 162279 0 0 0 1146 0 11645 0 11149 0 186219 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F), NON QUALIFIED RETIREMENT PLAN: LAURA THOMPSON WARREN JEFFREY HARPER LAURA THOMPSON RECEIVED HER FINAL DISTRIBUTION IN THE AMOUNT OF $120,252. SHRUTI MIYASHIRO OFFICER SPLIT DOLLAR PROGRAM X 15484099 16476226 0 1 1 16476226 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. 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 INFORMATION TO COMPLETE FORM 990 IS PREPARED BY THE CONTROLLER AND VP OF ORGANIZATION DEVELOPMENT, REVIEWED BY THE CFO, AND SUBMITTED TO THE CPA FOR COMPLETION. FORM 990, PART VI, SECTION B, LINE 12C OUR CONFLICT OF INTEREST POLICIES ARE POSTED ON THE CREDIT UNION'S INTRANET, AND ARE SIGNED BY EACH EMPLOYEE UPON EMPLOYMENT. IF WE HEAR OF A SITUATION WE TAKE ACTION. FORM 990, PART VI, SECTION B, LINE 15 OUR HR TEAM PARTICIPATES IN AT LEAST 3 SALARY SURVEYS AND ANALYZES THAT DATA. THE PERSONNEL COMMITTEE APPROVES THE CEO SALARY. THE CEO AND VP OF HR APPROVE THE ANNUAL SALARY RANGES AND ADJUSTMENTS FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE PUBLISHED ON OUR WEBSITE, AND INTERNAL MONTHLY STATEMENTS ARE POSTED AT OUR BRANCH LOCATIONS. BYLAWS AND THE ARTICLES OF INCORPORATION ARE AVAILABLE UPON REQUEST. CONFLICTS OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC.