2019-11-07T18:20:06-06:00 2018-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2018-01-01 941521987 MERIWEST CREDIT UNION MERI 4089725222 5615 CHESBRO AVENUE SAN JOSE CA 95123 BRIAN HENNESSEY CFO 4089725222 2019-10-29 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2019-10-29 14:47:58 PD P 858CFD5BF01852FA2489562124A1344FB9A1C194 EAB9806DEF4238CAE74313C6CC2BD34B53E62B85 2018 2020-03-31 21:24:44Z JULIE KIRSCH 5615 CHESBRO AVENUE SAN JOSE CA 95123 71866583 0 X WWW.MERIWEST.COM X CREDIT UNION 1961 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 243 9 263503 5875 0 0 51797987 60542378 5235914 6412438 664900 427935 57698801 67382751 16275 13000 0 0 26813931 27137004 0 0 0 19814752 27945741 46644958 55095745 11053843 12287006 1486442082 1617798786 1380323174 1494092360 106118908 123706426 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, MERIWEST 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 MERIWEST CREDIT UNION PROVIDED MEMBERS 974 REAL ESTATE BASE LOANS TOTALING $531 MILLION IN 2018. MERIWEST CREDIT UNION PROVIDED MEMBERS 29,455 CONSUMER LOANS TOTALING $574 MILLION IN 2018. MERIWEST CREDIT UNION OFFERED LOANS, DEPOSITS AND OTHER SERVICES TO 83,736 MEMBERS IN 2018. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 19087 0 1 243 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 0 0 1 1 1 0 CA X X BRIAN HENNESSEY CFO 4083633200 5615 CHESBRO AVENUE SAN JOSE CA 95123 STAN CHAPMAN CHAIRPERSON 2.00 X 0 0 0 EDWIN MACH VICE CHAIRMAN 2.00 X 803 0 0 KARL NIGG TREASURER 2.00 X 518 0 0 LAUREN BURCH SECRETARY 2.00 X 0 0 0 CHARLES MUNCH BOARD MEMBER 2.00 X 0 0 0 ARTHUR JUE BOARD MEMBER 2.00 X 0 0 0 SCOTT TIMPE BOARD MEMBER 2.00 X 0 0 0 HARSHADA VYAS BOARD MEMBER 2.00 X 0 0 0 UDEY CHAUDRHY BOARD MEMBER 2.00 X 0 0 0 PHILIP FLUEGEMANN SUPV CMTE CHAIRPERSON 2.00 X 0 0 0 JIM HICKS SUPV CMTE MEMBER 2.00 X 0 0 0 LINDA WATKINS SUPV CMTE MEMBER 2.00 X 0 0 0 JULIE ANN KIRSCH CEO 40.00 X 855890 0 2273 BRIAN HENNESSEY SVP, CFO 40.00 X 356823 0 2733 MARK DAVID ANTONIOLI SVP, CHIEF CREDIT OFFICER 40.00 X 282186 0 4833 LISA MARIE PESTA SVP, CHIEF HR & COO 40.00 X 266380 0 5954 ANTHONY JOSE CORTEZ SVP, CXO 40.00 X 261826 0 2493 MARY ARNETTE GROSSWEILER CHIEF COMPLIANCE OFFICER 40.00 X 221775 0 1474 LINA ESTHER HESS VP INFORMATIONAL TECHNOLOGY 40.00 X 241179 0 6900 JIHONG HUANG VP TREASURY & FINANCE 40.00 X 212401 0 10954 MARY ELLEN SNIDER VP COMPLIANCE & OPERATINAL RISK 40.00 X 165071 0 3918 ERNESTO SEGOVIA AVP NETWORK OPERATIONS 40.00 X 192845 0 4500 GENNADY FICHTENHOLZ AVP INFORMATION TECHNOLOGY DEVELOPMENT 40.00 X 180153 0 7103 AMJAD ELIAS VP RETAIL DELIVERY 40.00 X 164286 0 3954 JOHN KWAN SENIOR ACCOUNTING MANAGER 40.00 X 149408 0 5104 JEAN CHRISTOPHE LABEAU BUSINESS INTELLIGENCE/DATA ARCHITECT 40.00 X 148955 0 3176 3700499 0 65369 41 0 1 0 FTSI 406 HUNTINGTON DRIVE MONROVIA CA 91016 ATM SERVICES 594421 JACK HENRY & ASSOCIATES INC 663 W HWY 60 MONETT MO 65708 IT SERVICES 535771 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 SOFTWARE MAINTENANCE 462900 BAY AREA NEWS GROUP 4 NORTH SECOND STREET SUITE 800 SAN JOSE CA 95113 MARKETING 445364 FINANCIAL SUPERMARKETS INC 383 CLARKESVILLE STREET CORNELIA GA 30531 FINANCIAL SERVICES 425778 20 522100 49215069 49183683 31386 OTHER OPERATING INCOME 522100 8346004 8331164 14840 FEE INCOME 522100 2981305 2764028 217277 60542378 5261544 5261544 12550 5622176 0 4483832 12550 1138344 1150894 1150894 OTHER NON-OPERATING RE 427935 427935 427935 67382751 67119248 263503 0 13000 3700499 16266343 2569901 3163898 1436363 173834 177125 838118 1139858 6486374 617164 1696459 186166 8754176 1605400 326679 PROVISION FOR LOAN AND 3504826 LOAN SERVICING EXPENSE 1351236 MISC OPERATING EXPENSE 935396 OPERATING FEES 152930 55095745 5160385 5434368 32032286 23113769 3406407 3375703 3469797 7930614 25740100 18883007 7532906 6857093 213268214 191811672 1192760353 1351086121 28811734 28189446 1486442082 1617798786 11421935 11015886 1368901239 1483076474 1380323174 1494092360 X 0 0 0 0 106118908 123706426 106118908 123706426 1486442082 1617798786 X 12287006 -786233 6086747 X X 0 1 X 1 0 1843985 1843985 5252697 4014685 1238012 10219609 8294208 1925401 8423809 6574114 1849695 6857093 ALL OTHER INVESTMENTS 7525028 F TOTAL LOANS AND LEASES 1312295567 F NCUA INSURANCE DEPOSIT 10780536 C DEPOSITS IN COMMERCIAL BANKS 19832000 C LOANS HELD FOR SALE 652990 F 1351086121 TOTAL SHARES AND DEPOSITS 1255076474 PROMISSORY NOTES & INTEREST PAYABLE 228000000 1483076474 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 LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED SEPTEMBER 30, 2018, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 NORTH VALLEY COMMUNITY FOUNDATION 240 MAIN STREET SUITE 260 CHICO CA 95928 680161455 501(C)(3) 5000 FMV PROVIDE FIRE RELIEF EVERFI INC PO BOX 200034 PITTSBURGH PA 152510034 261818856 8000 FMV PROVIDE FINANCIAL SUPPORT FOR FINANCIAL LITERACY EDUCATION FOR STUDENTS 1 1 X 1 1 X X X 0 1 0 JULIE ANN KIRSCH CEO 538360 0 287590 0 29940 0 0 0 2273 0 858163 0 0 0 BRIAN HENNESSEY SVP, CFO 294452 0 58500 0 3871 0 0 0 2733 0 359556 0 0 0 MARK DAVID ANTONIOLI SVP, CHIEF CREDIT OFFICER 227333 0 45000 0 9853 0 0 0 4833 0 287019 0 0 0 LISA MARIE PESTA SVP, CHIEF HR & COO 219153 0 44000 0 3227 0 0 0 5954 0 272334 0 0 0 ANTHONY JOSE CORTEZ SVP, CXO 216691 0 42000 0 3135 0 0 0 2493 0 264319 0 0 0 MARY ARNETTE GROSSWEILER CHIEF COMPLIANCE OFFICER 103628 0 15000 0 103147 0 0 0 1474 0 223249 0 0 0 LINA ESTHER HESS VP INFORMATIONAL TECHNOLOGY 203580 0 33000 0 4599 0 0 0 6900 0 248079 0 0 0 JIHONG HUANG VP TREASURY & FINANCE 181453 0 30000 0 948 0 0 0 10954 0 223355 0 0 0 MARY ELLEN SNIDER VP COMPLIANCE & OPERATINAL RISK 145907 0 16000 0 3164 0 0 0 3918 0 168989 0 0 0 ERNESTO SEGOVIA AVP NETWORK OPERATIONS 181549 0 8714 0 2582 0 0 0 4500 0 197345 0 0 0 GENNADY FICHTENHOLZ AVP INFORMATION TECHNOLOGY DEVELOPME 170816 0 8466 0 871 0 0 0 7103 0 187256 0 0 0 AMJAD ELIAS VP RETAIL DELIVERY 146974 0 16200 0 1112 0 0 0 3954 0 168240 0 0 0 JOHN KWAN SENIOR ACCOUNTING MANAGER 141375 0 6958 0 1075 0 0 0 5104 0 154512 0 0 0 JEAN CHRISTOPHE LABEAU BUSINESS INTELLIGENCE/DATA ARCHITECT 141382 0 6882 0 691 0 0 0 3176 0 152131 0 0 0 PART I, LINE 4B THE CREDIT UNION OFFERS A SERP TO ITS SENIOR MANAGEMENT TEAM. THE PLAN PROVIDES FOR THE PAYMENT OF $300,000 TO EACH PERSON AT DATES CERTAIN WITH CLIFF VESTING. THE PLAN IS FUNDED BY A COLI CONTRACT PURCHASED FOR THE BENEFIT OF THE CREDIT UNION. THE PARTICIPANTS IN THE PLAN ARE BRIAN HENNESSEY, MARK ANTONIOLI, LISA PESTA, AND ANTHONY J. CORTEZ. JULIE KIRSCH OFFICER FIRST MORTGAGE X 845000 275220 0 1 1 MARK ANTONIOLI OFFICER FIRST MORTGAGE X 417000 357629 0 1 1 ANTHONY CORTEZ OFFICER FIRST MORTGAGE X 668000 612426 0 1 1 MARY ARNETTE GROSSWEILER OFFICER FIRST MORTGAGE X 378000 313258 0 1 1 LINA HESS KEY EMPLOYEE FIRST MORTGAGE X 588500 490488 0 1 1 LISA PESTA OFFICER FIRST MORTGAGE X 456000 408421 0 1 1 JIHONG HUANG KEY EMPLOYEE FIRST MORTGAGE X 930000 918261 0 1 1 3375703 FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR SCOTT TIMPE IS THE SON-IN-LAW OF DIRECTOR KARL NIGG. FORM 990, PART VI, SECTION A, LINE 6 MERIWEST 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. MERIWEST CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF MERIWEST 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 FORM 990 IS MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 THE COMPANY HAS PURCHASED AN ANNUAL SUBSCRIPTION TO A COMPENSATION PROGRAM CALLED BALANCED COMP. THIS MANAGES ALL OUR SALARIES. IN ADDITION HR PARTICIPATES IN 3-4 CREDIT UNION SALARY SURVEYS FOR EXECUTIVES. THIS INFORMATION IS ALSO PROVIDED TO THE PERSONNEL PRACTICES COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION FINANCIAL CENTERS MONTHLY. THE CONFLICT OF INTEREST POLICY IS POSTED ON THE CREDIT UNION WEBSITE ANNUALLY IN THE NOMINATION PACKET. THE ANNUAL REPORT IS PUBLISHED ON THE CREDIT UNION WEBSITE AND IT CONTAINS ANNUAL FINANCIAL STATEMENTS AS WELL. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST PROVIDED THERE IS NO RULE OR REGULATION GOVERNING PROHIBITION OF GIVING OUT THE INFORMATION. FORM 990, PART XI, LINE 9: CHANGE IN OCI 6,086,747. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION MERIWEST CREDIT UNION 5615 CHESBRO AVENUE SAN JOSE, CA 95123 TAXPAYER IDENTIFICATION NUMBER: 94-1521987 FOR THE YEAR ENDING DECEMBER 31, 2018. MERIWEST CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC.1.263(A)-1(F). MERIWEST MORTGAGE COMPANY LLC 5615 CHESBRO AVE SUITE 120 SAN JOSE CA 951233046 470847322 FINANCIAL PRODUCTS, MORTGAGE CA 5727908 28698259 MERIWEST CREDIT UNION MERIWEST WEALTH ADVISORS LLC 5615 CHESBRO AVE SUITE 120 SAN JOSE CA 951233046 811392554 FINANCIAL PRODUCTS CA 739281 3335736 MERIWEST CREDIT UNION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 MERIWEST MORTGAGE COMPANY LLC P 1266847 ACTUAL AMOUNT PAID MERIWEST MORTGAGE COMPANY LLC Q 58337 ACTUAL AMOUNT PAID MERIWEST WEALTH ADVISORS LLC Q 379499 ACTUAL AMOUNT PAID MERIWEST MORTGAGE COMPANY LLC A 47184 ACTUAL AMOUNT PAID MERIWEST WEALTH ADVISORS LLC A 3000 ACTUAL AMOUNT PAID