2020-11-11T11:02:43-06:00 2019-12-31 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2019-01-01 951184903 SAN DIEGO COUNTY CREDIT UNION SAND 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 ASHLEE MICALE CFO 8777322848 2020-11-09 1 YONG ZHANG CPA P01249785 7033366400 2020-11-09 96.241.128.75 2020-11-09 23:15:58 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5BB3B986E96693C9FA12ABDB8E5DE88F5CFF60A5 2019 2021-04-22 16:20:28Z TERESA CAMPBELL 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 343670713 0 X WWW.SDCCU.COM X 1938 CA STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS 10 9 1129 14 2609125 0 0 0 279962525 297896550 39143224 34543673 13544716 11230490 332650465 343670713 0 0 0 0 71255671 87212115 0 0 0 155111625 163048544 226367296 250260659 106283169 93410054 8150276552 8469209045 6842756889 7068279443 1307519663 1400929602 A NOT-FOR-PROFIT CREDIT UNION WHOLLY OWNED BY ITS MEMBERS 0 0 PROVIDE LOAN PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE DEPOSIT PRODUCTS AND SERVICES TO MEMBERSHIP PROVIDE OTHER FINANCIAL SERVICES TO MEMBERSHIP 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 84407 0 1 1129 1 1 1 0 0 0 0 0 1 0 X 10 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 CA AZ X MS ASHLEE MICALE CFO 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 ILAN AWERBUCH DIRECTOR 1.00 X 6475 0 0 PATRICIA HONEYCUTT DIRECTOR 1.00 X 0 0 0 RICHARD COLLINS DIRECTOR 1.00 X 1727 0 0 STEVE REUEL DIRECTOR 1.00 X 5186 0 0 SHIRLEY JACKSON DIRECTOR 1.00 X 0 0 0 LAURIE LEVENSON DIRECTOR 1.00 X 1916 0 0 CHRISTOPHER HART DIRECTOR 1.00 X 1133 0 0 KEN VAN RIPER DIRECTOR 1.00 X 1280 0 0 HEATHER BENJAMIN DIRECTOR 1.00 X 403 0 0 TERESA CAMPBELL CEO & PRESIDENT 40.00 X X 7458763 0 2487257 ASHLEE N MICALE EXECUTIVE VP & CFO 40.00 X 551027 0 -42722 CHITRAPHOL T VONGSAWAD COSO 40.00 X 486786 0 128721 MICHELLE PAGNI EVP, HUMAN RESOURCES 40.00 X 745268 0 350273 CAROLYN KISSICK EVP, ERM & CHIEF RISK OFFICER 40.00 X 517702 0 494752 VALERIE KWIATKOWSKI EVP, IT 40.00 X 470557 0 22823 NATHAN S SCHMIDT EVP, BRAND STRATEGY AND DI 40.00 X 467082 0 500624 PATRICK M COSGROVE EVP, CHIEF LENDING OFFICER 40.00 X 437502 0 113625 DENNIS W KINGERY EVP, OPS & CHIEF SALES & SERVICE OFFICER 40.00 X 364218 0 38875 TODD L STORKERSEN SVP, REGIONAL OPERATIONS MANAGER 40.00 X 510081 0 -297221 MARC A MATHEWS VICE PRESIDENT, BUSINESS LOAN ORIGINATIONS 40.00 X 480660 0 -170481 SCOTT L MAXWELL SENIOR VICE PRESIDENT, CHIEF IT SECURITY OFR 40.00 X 307493 0 37771 SHARON PHILLIPS SVP, REGIONAL OPERATIONS MANAGER 40.00 X 314478 0 -220110 BRADLEY W BATES SENIOR VICE PRESIDENT, INTERNAL AUDIT 40.00 X 277004 0 26166 13406741 0 3470353 128 0 1 0 SHEPPARD MULLIN RICHTER & HAMPTON LLP 333 SOUTH HOPE STREET LOS ANGELES CA 90071 LEGAL SERVICES 3503761 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 1248973 KPMG LLP PO BOX 120922 DALLAS TX 753120922 AUDIT SERVICES 983468 MICROSOFT CORPORATION 1950 N STEMMONDS FWY SUITE 5010 DALLAS TX 75207 SOFTWARE 831023 PARKER LYNCH DEPT CH 14031 PALATINE IL 600554031 TEMPORARY HELP SERVICES 770259 54 INTEREST INCOME 522100 230133888 230133888 FEE INCOME 522100 67762662 67257699 504963 297896550 34505575 34505575 38098 0 38098 38098 38098 OTHER INCOME 522100 7462484 5358322 2104162 MEMBER INVESTMENT SERV 522100 3768006 3768006 11230490 343670713 306517915 2609125 34543673 15611252 49064235 7849611 8722462 5964555 4095002 1225642 6725515 17637642 4803215 7816183 18134882 832997 46408682 9856021 798624 LOAN PROCESSING EXPENSE 15000358 OTHER OPERATING EXPENSE 12392118 PROVISION FOR LOAN LOSS 8680000 FRAUD LOSS 3181281 5460382 250260659 576456653 641586924 6574076119 6416965541 7286369 6614420 152018224 106871186 48756428 45147038 716534530 1104431905 227166453 254463217 8150276552 8469209045 41817475 45104198 6800939414 7023175245 6842756889 7068279443 X 0 0 0 0 1307519663 1400929602 1307519663 1400929602 8150276552 8469209045 93410054 -115 0 X 0 1 X 1 0 12500 12500 12500 1 CA CREDIT UNION LEAGUE 2855 E GUASTI RD STE 600 ONTARIO CA 91761 940357265 12500 PART I-A, LINE 1: SDCCU HAD A $12,500 POLITICAL ACTION COMMITTEE CONTRIBUTION TO THE CA CREDIT UNION LEAGUE IN DECEMBER 2019. 12020901 12020901 38842206 23102803 15739403 19596543 15244468 4352075 81265185 68523915 12741270 293389 293389 45147038 GOVERNMENT INVESTMENTS 81235 F GOVERNMENT INVESTMENTS 1087100670 C FHLB OF SAN FRANCISCO 17250000 F 1104431905 MEMBERS' SHARES 7023175245 7023175245 X 343670598 -115 -115 343670713 0 343670713 250260659 0 250260659 0 250260659 PART X, LINE 2: INCOME TAXES: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES, EXCEPT FOR UNRELATED BUSINESS INCOME, AS DEFINED IN IRC SECTION 512 AND IN TECHNICAL ADVICE MEMORANDUMS (TAM) RELEASED IN 2007 TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. MANAGEMENT HAS DETERMINED THAT NO MATERIAL LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. FASB CODIFICATION TOPIC 740, 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 TO BE SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X 1 1 X X X X 0 1 0 TERESA CAMPBELL CEO & PRESIDENT 1010087 0 918000 0 5530676 0 2475527 0 11730 0 9946020 0 0 0 ASHLEE N MICALE EXECUTIVE VP & CFO 410487 0 140000 0 540 0 -59090 0 16368 0 508305 0 0 0 CHITRAPHOL T VONGSAWAD COSO 414046 0 65000 0 7740 0 111543 0 17178 0 615507 0 0 0 MICHELLE PAGNI EVP, HUMAN RESOURCES 336448 0 408340 0 480 0 345916 0 4357 0 1095541 0 0 0 CAROLYN KISSICK EVP, ERM & CHIEF RISK OFFICER 387173 0 130000 0 529 0 485544 0 9208 0 1012454 0 0 0 VALERIE KWIATKOWSKI EVP, IT 360038 0 110000 0 519 0 10915 0 11908 0 493380 0 0 0 NATHAN S SCHMIDT EVP, BRAND STRATEGY AND DI 321223 0 140000 0 5859 0 492208 0 8416 0 967706 0 0 0 PATRICK M COSGROVE EVP, CHIEF LENDING OFFICER 347012 0 90000 0 490 0 96370 0 17255 0 551127 0 0 0 DENNIS W KINGERY EVP, OPS & CHIEF SALES & SERVICE OFF 298774 0 65000 0 444 0 11200 0 27675 0 403093 0 0 0 TODD L STORKERSEN SVP, REGIONAL OPERATIONS MANAGER 192858 0 2400 0 314823 0 -317826 0 20605 0 212860 0 0 0 MARC A MATHEWS VICE PRESIDENT, BUSINESS LOAN ORIGIN 122081 0 201355 0 157224 0 -178897 0 8416 0 310179 0 0 0 SCOTT L MAXWELL SENIOR VICE PRESIDENT, CHIEF IT SECU 254639 0 52500 0 354 0 11186 0 26585 0 345264 0 0 0 BRADLEY W BATES SENIOR VICE PRESIDENT, INTERNAL AUDI 226676 0 50000 0 328 0 10606 0 15560 0 303170 0 0 0 PART I, LINE 1A THE FOLLOWING DIRECTORS WERE PROVIDED BENEFITS AND REIMBURSEMENTS RELATING TO TRAVEL FOR COMPANIONS: ILAN AWERBUCH - $6,475 RICHARD COLLINS - $1,727 STEVE REUEL - $5,186 LAURIE LEVENSON - $1,916 CHRISTOPHER HART - $1,133 KEN VAN RIPER - $1,280 HEATHER BENJAMIN - $403 PART I, LINE 4B SCHEDULE J, PART I, LINE 4B: SDCCU PROVIDES CERTAIN OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHLY COMPENSATED EXECUTIVES WITH A SPLIT-DOLLAR SUPPLEMEMTAL EXECUTIVE RETIREMENT PLAN (SERP) TO AUGMENT RETIREMENT INCOME FOR THESE EMPLOYEES. AMOUNTS CREDITED TO PARTICIPANTS ARE EARNED ON AN ANNUAL BASIS AND BASED ON CERTAIN ACTUARIAL FACTORS. THE AMOUNTS ARE ALSO SUBJECT TO FORFEITURE IF CERTAIN EMPLOYMENT CONDITIONS AND VESTING PERIODS ARE NOT MET. FOR THE YEAR ENDING DECEMBER 31, 2019, THE INDIVIDUALS LISTED IN SCHEDULE J, PART II HAD AN AMOUNT RELATING TO THE SERP BENEFITS LISTED AS DEFERRED COMPENSATION LISTED IN COLUMN C: TERESA CAMPBELL - $2,464,327 CHITRAPHOL T. VONGSAWAD - $100,343 ASHLEE N. MICALE - $(-70,290) CAROLYN KISSICK - $474,344 PATRICK M. COSGROVE - $85,170 MICHELLE PAGNI - $336,221 NATHAN S. SCHMIDT - $481,453 TODD L STORKERSEN - $(-329,026) MARC A MATHEWS - $(-189,804) SHARON PHILLIPS - $(-232,256) FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A NOT-FOR-PROFIT ORGANIZATION MADE UP OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS MAY ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE. MEMBERS MAY NOMINATE CANDIDATES FOR THE BOARD THROUGH A PETITION PROCESS SET FORTH IN THE BYLAWS. A NOMINATION COMMITTEE ALSO NOMINATES CANDIDATES. IF MEMBERS FAIL TO NOMINATE A CANDIDATE FOR AN OPEN BOARD POSITION, THEN THE NOMINATION COMMITTEE'S CANDIDATE MAY BE APPOINTED TO THE BOARD WITHOUT AN ELECTION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MADE BY THE CREDIT UNION'S BOARD OF DIRECTORS ARE SUBJECT TO REGULATORY OR MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER ("CFO") AND ACCOUNTING MANAGER, WHO CONSULT WITH EXTERNAL CPA FIRMS AND LEGAL COUNSEL AS NEEDED TO ENSURE THE ACCURACY AND SUFFICIENCY OF ALL RESPONSES. FORM 990, PART VI, SECTION B, LINE 12C THERE ARE REGULAR COMPLIANCE REVIEWS BY THE CREDIT UNION'S COMPLIANCE OFFICER AND A THIRD (3RD) PARTY VENDOR WHICH ADDRESSES COMPLIANCE WITH ALL CREDIT UNION POLICIES. IN ADDITION, REGULATORS AND CPA'S MONITOR COMPLIANCE DURING THEIR PERIODIC AND ANNUAL AUDITS. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCES PARTICIPATES IN SURVEYS AND PROVIDES COMPARABILITY DATA ON COMPENSATION FOR KEY OFFICERS TO THE CEO. OUTSIDE PROFESSIONALS ALSO VALIDATE THE COMPENSATION DATA ON A PERIODIC BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY COMPLYING WITH THE PUBLIC DISCLOSURE REQUIREMENTS SET FORTH IN THE REGULATIONS FOR IRC SECTION 6104 AT 26 C.F.R. SECTION 301.604 FRESH START REAL ESTATE LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452981200 REAL ESTATE CA 120000 560119 SAN DIEGO COUNTY CREDIT UNION SD FINANCIAL GROUP LLC 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 452980994 E-COMMERCE - INACTIVE CA 0 0 SAN DIEGO COUNTY CREDIT UNION