2025-11-13T17:39:08-06:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 941243656 EXCITE CREDIT UNION (FKA ALLIANCE CREDIT UNION) EXCI 4082657322 151 BERNAL ROAD SAN JOSE CA 95119 BRIAN DORCY PRESIDENT/CEO 4082657322 2025-11-13 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z BRIAN DORCY 151 BERNAL ROAD SAN JOSE CA 95119 38299339 0 X WWW.EXCITECU.ORG X CREDIT UNION 1952 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 144 21 123902 0 0 0 33004898 34080074 3711810 4074943 4148840 144322 40865548 38299339 390510 657075 0 0 12858801 14412965 0 0 0 25240381 33915748 38489692 48985788 2375856 -10686449 702664031 625719041 658224767 595967275 44439264 29751766 X EXCITE CREDIT UNION IS 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, EXCITE 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 ACHIEVEMENT OF SATISFACTORY SERVICES PROVIDED TO MEMBERS IN CONNECTION WITH CONSUMER LOANS, I.E., AUTO LOANS, VISA AND PERSONAL LINES OF CREDIT. ACCOMPLISHMENT OF TARGET GOALS IN CONNECTION WITH PROVISION OF MORTGAGE LOAN PRODUCTS TO EXISTING MEMBERS. MEMBER SATISFACTION IN CONNECTION WITH SERVICES PERTAINING TO CHECKING/SAVINGS ACCOUNTS, ATTRACTIVE CD RATES, IRA AND SIMILAR ACCOUNTS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 18584 0 1 144 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 1 1 1 1 0 CA X X PATTI JOHANNSEN CONTROLLER 4089795150 151 BERNAL ROAD SAN JOSE CA 95119 DONNA RHODY CHAIRPERSON 1.00 X 0 0 0 ALAN HANSEN VICE CHAIRPERSON 1.00 X 0 0 0 RALPH FINELLI BOARD SECRETARY 1.00 X 0 0 0 SURYA TURAGA BOARD TREASURER 1.00 X 0 0 0 SHANA BARCLAY BOARD MEMBER 1.00 X 0 0 0 BARBARA ALUMBAUGH BOARD MEMBER 1.00 X 0 0 0 CHRIS EKREN BOARD MEMBER 1.00 X 0 0 0 MARK HANSON BOARD MEMBER 1.00 X 0 0 0 COLIN HACKMAN BOARD MEMBER 1.00 X 0 0 0 MIKE UHRI SUPV CMTE CHAIRPERSON 1.00 X 0 0 0 GRAYSON LYNCH SUPV CMTE SECRETARY 1.00 X 0 0 0 DEVIN MCALPINE SUPV CMTE MEMBER 1.00 X 0 0 0 LAURA GOLDING SUPV CMTE MEMBER 1.00 X 0 0 0 DEEPJA BANSAL SUPV CMTE MEMBER 1.00 X 0 0 0 BRIAN DORCY PRESIDENT/CEO 40.00 X 456271 0 50385 DEBORAH SUNDERMAN EXECUTIVE VP 40.00 X 297748 0 60332 RICHARD WALTER SVP, RETAIL EXPERIENCE 40.00 X 100566 0 3078 JACKIE HOWARD VP, LENDING 40.00 X 215880 0 49238 KELLY BURKE VP, OPERATIONS 40.00 X 221221 0 28751 ALEXIS HOANG VP, TECHNOLOGY SOLUTIONS 40.00 X 195735 0 53315 HECTOR ESPINOZA VP, RISK MANAGEMENT 40.00 X 177573 0 19432 1664994 0 264531 29 0 1 0 GUMAS ADVERTISING LLC 231 MARKET PI PMB 514 SAN RAMON CA 94583 ADVERTISING SERVICE 5199641 CU COOPERATIVE SYSTEMS INC 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 NETWORK CARD PROCESSING 990250 VISA USA INC PO BOX 60510 CITY OF INDUSTRY CA 917160510 CREDIT/DEBIT CARD PROCESSOR 707599 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING SERVICES 607921 FISERV PO BOX 208457 DALLAS TX 753208457 FINANCIAL SERVICES TECHNOLOGY 539718 37 INTEREST ON LOANS 522100 26770722 26770722 OTHER OPERATING INCOME 522100 4246313 4156736 89577 FEE INCOME 522100 3063039 3028714 34325 34080074 4074943 4074943 OTHER NON-OPERATING INCOME 522100 84000 84000 GAIN ON DISPOSITION OF FIXED ASSE 522100 60322 60322 144322 38299339 38175437 123902 0 657075 1664994 9209109 505358 2220325 813179 250020 524719 1831266 2683848 4137847 3143630 1324235 373648 9109394 1504465 95411 PROVISION FOR LOAN LOSS 5993002 LOAN SERVICING 1959987 MISC. OPERATING EXPENSE 896107 OPERATING FEES 88169 48985788 6309683 4964153 19311624 12291984 3681161 2526148 6400639 2180008 34065732 14321535 20017203 19744197 109978147 97269202 521907556 471125799 4635 4635 15053383 15612915 702664031 625719041 6821253 6873610 651403514 589093665 658224767 595967275 X 0 0 0 0 44439264 29751766 44439264 29751766 702664031 625719041 X -10686449 894874 -4895923 X X 0 1 X 1 0 1500 1500 1500 1 CCUL-PAC 3855 E GUASTI ROAD STE 202 ONTARIO CA 91761 940357265 1500 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 5343248 5343248 17005477 5877867 11127610 419605 159622 259983 11297402 8284046 3013356 19744197 ALL OTHER INVESTMENTS 3336300 F NET LOANS & LEASES 462359715 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 5423552 C PAID IN CAPITAL AT CORP 6232 C 471125799 TOTAL SHARES & DEPOSITS 569093665 BORROWINGS 20000000 589093665 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 WOULD BE RECORDED AS A TAX EXPENSE AND CURRENT TAX LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. 1 AMIGOS DE GUADALUPE CENTER FOR JUSTICE 1897 ALUM ROCK AVE SAN JOSE CA 95116 770555838 501(C)(3) 112500 0 FMV TO ASSIST IN ENSURING THAT THE BASIC NEEDS OF OUR COMMUNITY ARE MET, DELIVER HIGH- QUALITY PROGRAMS, AND MOBILIZE AND ORGANIZE FOR JUSTICE. SAN JOSE GRAIL FAMILY SERVICES INC 2003 E SAN ANTONIO ST SAN JOSE CA 95116 770397354 501(C)(3) 105000 0 FMV TO PROMOTE CHILDREN'S SUCCESS AND WELL-BEING. HISPANIC FOUNDATION OF SILICON VALLEY 1961 THE ALAMEDA SAN JOSE CA 95126 770481921 501(C)(3) 81500 0 FMV TO SUPPORT INDIVIDUALS IN TERMS OF HEALTH, EDUCATION & LEADERSHIP OF THE HISPANIC COMMUNITY IN SILICON VALLEY. CATHOLIC CHARITIES OF SANTA CLARA COUNTY 2625 ZANKER RD SAN JOSE CA 95134 942766269 501(C)(3) 50000 0 FMV TO SERVE AND ADVOCATE FOR INDIVIDUALS AND FAMILIES IN NEED, ESPECIALLY THOSE LIVING IN POVERTY, AND TO CREATE A MORE JUST AND COMPASSIONATE COMMUNITY. SUNDAY FRIENDS FOUNDATION 645 WOOL CREEK DR SAN JOSE CA 95112 770518937 501(C)(3) 50000 0 FMV TO ASSIST IN BREAKING THE GENERATIONAL CYCLE OF POVERTY BY FOSTERING POSITIVE DEVELOPMENT IN CHILDREN WHILE EDUCATING AND GUIDING PARENTS TO SUPPORT THEIR CHILDREN'S LIFE SUCCESS. ALUM ROCK UNION SCHOOL DISTRICT 2930 GAY AVE SAN JOSE CA 95127 770016360 501(C)(3) 30000 0 FMV TO PROVIDE STUDENTS WITH HIGH-QUALITY, 21ST-CENTURY LEARNING THAT BUILDS UPON THE DIVERSE COMMUNITY TO PREPARE THEM AS LIFELONG LEARNERS AND FUTURE PROFESSIONALS. EAST SIDE UNION HIGH SCHOOL DISTRICT 2530 BERRYESSA RD SAN JOSE CA 95132 264148665 501(C)(3) 30000 0 FMV TO SUPPORT THE SCHOOL IN EDUCATING STUDENTS AND PROVIDING SUPPORT AND ENHANCEMENT OF EXTRACURRICULAR, EDUCATIONAL, AND ATHLETIC OPPORTUNITIES FOR STUDENTS. THE HEALING PLACE OF NEW HANOVER COUNTY 1000 MEDICAL CENTER DRIVE WILMINGTON CA 28401 853768731 501(C)(3) 30000 0 FMV TO ASSIST IN THE ORGANIZATION IN TRANSFORMING INDIVIDUALS AFFECTED BY ADDICTION AND HOMELESSNESS THROUGH ACCOUNTABILITY AND CONNECTION. EXCITE FOUNDATION 265 CURTNER AVE SAN JOSE CA 95125 854059911 501(C)(3) 20000 0 FMV TO RAISE FUNDS THAT SUPPORT CHARITABLE ORGANIZATIONS THAT BENEFIT COMMUNITIES SERVED BY EXCITE CREDIT UNION. ESCUELA POPULAR 149 N WHITE RD SAN JOSE CA 95127 770354277 501(C)(3) 10000 0 FMV TO EDUCATE STUDENTS AND PREPARE THEM FOR THE FUTURE IN A SAFE AND ENGAGING ENVIRONMENT. LATINO BUSINESS FOUNDATION SV 1695 ALUM ROCK AVE SAN JOSE CA 95116 843419477 501(C)(3) 10000 0 FMV TO ASSIST IN BUILDING THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY. PIVOTAL CONNECTIONS 75 E SANTA CLARA ST SAN JOSE CA 95113 770166138 501(C)(3) 10000 0 FMV TO HELP YOUNG PEOPLE IN AND FROM FOSTER CARE REALIZE THEIR EDUCATIONAL AND CAREER GOALS BY ENSURING EQUITABLE ACCESS TO OPPORTUNITY. WEST CONTRA COSTA PUBLIC EDUCATION FUND 1400 MARINA WAY S RICHMOND CA 94804 680005307 501(C)(3) 10000 0 FMV TO HELP STUDENTS SUCEED IN COLLEGE, CAREER AND LIFE. HEALTHIER KIDS FOUNDATION 4040 MOORPARK AVE SAN JOSE CA 95117 770545774 501(C)(3) 8500 0 FMV TO ENSURE THAT EVERY CHILD IN COMMUNITY RECEIVES THE FAMILY-CENTERED CARE NEEDED TO THRIVE. PHOENIX HOMETOWN HIRES 621 N 4TH ST WILMINGTON CA 28401 542074778 501(C)(3) 6000 0 FMV TO EMPOWER INDIVIDUALS TO ACHIEVE THEIR POTENTIAL THROUGH EMPLOYMENT AND STABLE LIVES. SCHOOL OF ARTS AND CULTURE AT MHP 310 SOUTH 1ST STREET SAN JOSE CA 95113 800714882 501(C)(3) 6000 0 FMV TO ASSIST THE SCHOOL IN PROMOTING CREATIVITY IN THE COMMMUNITY. 16 0 X X 1 1 0 BRIAN DORCY PRESIDENT/CEO 452707 0 0 0 3564 0 20020 0 30365 0 506656 0 0 0 DEBORAH SUNDERMAN EXECUTIVE VP 296938 0 0 0 810 0 18654 0 41678 0 358080 0 0 0 JACKIE HOWARD VP, LENDING 213806 0 0 0 2074 0 13555 0 35683 0 265118 0 0 0 KELLY BURKE VP, OPERATIONS 220297 0 0 0 924 0 13042 0 15709 0 249972 0 0 0 ALEXIS HOANG VP, TECHNOLOGY SOLUTIONS 194664 0 0 0 1071 0 12536 0 40779 0 249050 0 0 0 HECTOR ESPINOZA VP, RISK MANAGEMENT 176983 0 0 0 590 0 3597 0 15835 0 197005 0 0 0 PART I, LINES 4A-B THE CREDIT UNION HAS AN ELIGIBLE, NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVES UNDER IRC SECTION 457(B). IN 2024, RICHARD WALTER RECEIVED A SEVERANCE PAYMENT OF $57,749. DEBORAH SUNDERMAN KEY EMPLOYEE VISA X 30000 9262 0 0 1 DEBORAH SUNDERMAN KEY EMPLOYEE HELOC X 150000 63270 0 0 1 DEBORAH SUNDERMAN KEY EMPLOYEE MORTGAGE X 700000 615005 0 0 1 JACKIE HOWARD HCE VISA X 22500 20697 0 0 1 JACKIE HOWARD HCE LINE OF CREDIT X 20000 18950 0 0 1 RICHARD WALTER HCE HELOC X 153000 117506 0 0 1 RICHARD WALTER HCE MORTGAGE X 800000 762420 0 0 1 KELLY BURKE HCE MORTGAGE X 400000 298999 0 0 1 KELLY BURKE HCE HELOC X 100000 47683 0 0 1 HECTOR ESPINOZA HCE AUTO X 39912 13168 0 0 1 ALEXIS HOANG HCE MORTGAGE X 650000 558482 0 0 1 ALEXIS HOANG HCE HELOC X 250000 706 0 0 1 2526148 FORM 990, PART VI, SECTION A, LINE 6 EXCITE 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. THE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF EXCITE 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 PRIOR TO FILING, THE RETURN IS REVIEWED BY THE VP OF FINANCE AND THEN MADE AVAILABLE TO THE BOARD MEMBERS FOR REVIEW. AFTER THEIR REVIEW, BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO MAKE COMMENTS OR REVISIONS. FORM 990, PART VI, SECTION B, LINE 15 A SALARY ANALYSIS IS PERFORMED FOR THE CEO, OFFICERS AND OTHER SENIOR MANAGEMENT OF THE CREDIT UNION BY AN INDEPENDENT OUTSIDE SERVICE USING DATA FROM SEVERAL SALARY SURVEYS PERFORMED FOR BANK AND CREDIT UNION PROFESSIONAL ASSOCIATIONS AND BY OTHER NATIONAL COMPENSATION ANALYSIS SERVICES. BASED ON THE DATA THEY COMPILE FROM THESE SOURCES, THEY MAKE RECOMMENDATIONS FOR THE SALARY RANGE FOR EACH POSITION PROVIDING THE DATA USED TO MAKE THEIR DETERMINATION. THE BOARD OF DIRECTORS REVIEWS THIS INFORMATION FOR THE CEO BEFORE MAKING A FINAL SALARY DECISION WHICH IS DOCUMENTED IN THE MINUTES OF THEIR MEETING. FOR OTHER OFFICERS AND SENIOR MANAGEMENT, THE INFORMATION IS REVIEWED BY THE CEO AND THE V.P. OF HUMAN RESOURCES BEFORE FINALIZING RANGES, AND COPIES OF THE SURVEY DATA ARE KEPT IN THE FILES OF THE HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF BOARD OF DIRECTOR DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) -1,721,494. PRIOR PERIOD ADJUSTMENTS -3,174,429. FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR. EXCITE FOUNDATION 265 CURTNER AVENUE SAN JOSE CA 95125 854059911 CHARITABLE ORGANIZATION CA 501(C)(3) LINE 7 EXCITE CREDIT UNION(FKA ALLIANCE CREDIT UNION) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EXCITE FOUNDATION B 20100 FMV