2019-11-15T12:13:24-06:00 2018-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2018-01-01 942407726 SANTA CRUZ COMMUNITY CREDIT UNION SANT 8314257708 324 FRONT STREET SANTA CRUZ CA 95060 ANNIE SONG CFO 8314257708 2019-11-08 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2019-11-08 10:36:24 PS P 858CFD5BF01852FA2489562124A1344FB9A1C194 858CFD5BF01852FA2489562124A1344FB9A1C194 2018 2020-04-17 16:48:07Z ELIZABETH CARR 324 FRONT STREET SANTA CRUZ CA 95060 13252723 0 X WWW.SCCCU.ORG X CREDIT UNION 1977 CA A COMMUNITY DEVELOPMENT AND LOW INCOME CERTIFIED FINANCIAL COOPERATIVE ORGANIZE TO SERVE UNDERSERVED AND PROMOTE ECONOMIC EQUITY. 7 7 51 10 38218 347 0 0 6996130 7591908 265851 11914 220584 437702 7482565 8041524 72860 35762 0 0 3027577 3276496 0 0 0 3676177 3618966 6776614 6931224 705951 1110300 113403305 121497400 105259230 112251653 8144075 9245747 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, SANTA CRUZ COMMUNITY CREDIT UNION CONDUCTS IT 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 THE CREDIT UNION PROVIDES CONSUMER LENDING PRODUCTS AND SERVICES, INCLUDING REAL ESTATE, VEHICLE, CREDIT CARDS, CREDIT BUILDING AND SHARE-SECURED LOANS, FIRST TIME BORROWER AND CREDIT-CHALLENGED BORROWER LOANS TO COMMUNITY MEMBERS IN ITS UNDER-SERVED AND UNBANKED COMMUNITY. THE CREDIT UNION PROVIDES BUSINESS LENDING AND COMMERCIAL LENDING PRODUCTS INCLUDING REAL ESTATE, VEHICLE, CREDIT CARDS, COMMUNITY DEVELOPMENT, GOVERNMENT GUARANTEED LOANS SUCH AS SBA LOANS, SMALL BUSINESS AND MICRO LOANS AND OTHER BUSINESS LOANS IN A COMMUNITY OF ENTREPRENEURIAL BUSINESSES THAT HAVE FEW OPTIONS AVAILABLE FROM LOCAL AND NATIONAL BANKS. THE CREDIT UNION PROVIDES CONSUMER AND BUSINESS FINANCIAL PRODUCTS AND SERVICES INCLUDING FIXED-INCOME SAVINGS INSTRUMENTS, SHARE-DRAFT AND IRA ACCOUNTS, AS WELL AS MATRICULA CONSULAR ACCOUNTS AND SECOND CHANCE SAVINGS AND SHARE DRAFT ACCOUNTS DESIGNED TO SERVE BOTH MODERATE AND LOW-INCOME COMMUNITY MEMBERS AND ITS IMMIGRANT COMMUNITY MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 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 0 0 1 800 0 1 51 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ANNIE SONG CFO 8314602340 324 FRONT STREET SANTA CRUZ CA 95060 SYLVIA REYES CHAIRMAN 1.00 X 0 0 0 HOWARD SHERER VICE CHAIRMAN 1.00 X 0 0 0 REGGIE KNOX BOARD SECRETARY 1.00 X 0 0 0 AMI EBRIGHT BOARD TREASURER 1.00 X 0 0 0 PAULINA MORENO BOARD MEMBER 1.00 X 0 0 0 TAMMY PELSTRING BOARD MEMBER 1.00 X 0 0 0 PHILLIP LEE BOARD MEMBER 1.00 X 0 0 0 SUZANNE MACLEAN SUPV CMTE CHAIR 1.00 X 0 0 0 LINDA BROWN SUPV CMTE MEMBER 1.00 X 0 0 0 ULF CHRISTENSSON SUPV CMTE MEMBER 1.00 X 0 0 0 ELIZABETH CARR CEO 60.00 X 230496 0 19985 ANNIE SONG CFO 60.00 X 147245 0 13185 EDWARD CROSS JR CIO 60.00 X 126774 0 17913 JIM FALLS CLO 60.00 X 121863 0 28529 MARIE HOFFMAN COO 45.00 X 120272 0 0 BRIAN OGLE DIRECTOR OF R/E AND BUSINESS LENDING 45.00 X 126947 0 12685 873597 0 92297 6 0 1 0 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 FINANCIAL SERVICES 296204 1 INTEREST ON LOANS 522100 5563371 5563371 FEE INCOME 522100 1888128 1849910 38218 OTHER OPERATING INCOME 522100 140409 140409 7591908 173113 173113 5050000 5211199 -161199 -161199 -161199 OTHER NON-OPERATING INCOME 522100 437702 437702 437702 8041524 8003306 38218 0 35762 873597 1838882 27355 318301 218361 47961 52999 262146 43597 1359697 170262 228897 32242 45173 252627 100051 PROVISION FOR LOAN LOSS 456531 LOAN SERVICING EXPENSE 335789 MISCELLANEOUS OPERATING 216419 OPERATING FEES 14575 6931224 1436303 1195864 8771808 5960976 363151 450232 6974862 3384050 3829690 3590812 5657750 4363548 87638368 100469482 5706235 5466486 113403305 121497400 791228 1463573 104468002 110788080 105259230 112251653 X 0 0 0 0 8144075 9245747 8144075 9245747 113403305 121497400 1110300 -8628 0 X X 0 1 X 1 0 749635 749635 3114451 911423 2203028 576297 374783 201514 2528826 2097844 430982 5653 5653 3590812 ALL OTHER INVESTMENTS 325400 F LOANS & LEASES 98629832 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 1068935 C PAID IN CAPITAL AT CORP 445315 C 100469482 MEMBER SHARES & DEPOSITS 107788080 SUBORDINATED DEBT INCLUDED IN NET WORTH 316667 SUBORDINATED DEBT 183333 DRAWS AGAINST LINES OF CREDIT 2500000 110788080 X 8041524 0 8041524 0 8041524 6931225 0 6931225 0 6931225 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2018. THE CREDIT UNION'S 2015 THROUGH 2017 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 SENIOR COUNCIL OF SANTA CRUZ & SAN BENITO COUNTIES 234 SANTA CRUZ AVE APTOS CA 95003 942662950 501(C)(3) 10000 FMV THE SENIORS COUNCIL'S MISSION IS TO ENABLE OLDER PERSONS TO FUNCTION WITH INDEPENDENCE AND DIGNITY IN THEIR HOMES AND IN THE COMMUNITY TO THEIR FULLEST CAPACITY. THINK LOCAL FIRST - COUNTY OF SANTA CRUZ PO BOX 1263 CAPITOLA CA 95010 711038324 501(C)(3) 6000 FMV PROMOTING AND STRENGTHENING LOCALLY OWNED INDEPENDENT BUSINESSES IN SANTA CRUZ COUNTY. X X X X 0 0 0 ELIZABETH CARR CEO 218496 0 0 0 12000 0 4726 0 15259 0 250481 0 0 0 ANNIE SONG CFO 147245 0 0 0 0 0 3000 0 10185 0 160430 0 0 0 JIM FALLS CLO 121863 0 0 0 0 0 2620 0 25909 0 150392 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SANTA CRUZ COMMUNITY 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. SANTA CRUZ COMMUNITY CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF SANTA CRUZ COMMUNITY 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 OF DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS FORM 990 PRIOR TO FILING. SUBSEQUENTLY A COPY OF THE FORM IS DISTRIBUTED TO THE SUPERVISORY COMMITTEE AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND MANAGEMENT REVIEW, UPDATE AND DISTRIBUTE THE CONFLICT OF INTEREST POLICY TO ALL STAFF AND VOLUNTEERS OF THE ORGANIZATION. THE MOST RECENT POLICY IS REVIEWED AND SIGNED BY ALL STAFF ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES AN INDEPENDENT THIRD PARTY COMPENSATION AND PERFORMANCE MANAGEMENT SYSTEM, HRN - COMPEASE, I-PERFORMEASE SOFTWARE ANNUALLY. THE THIRD PARTY VENDOR AND SYSTEM INDEPENDENTLY GATHER CREDIT UNION COMPENSATION DATA BASED ON FIVE OBJECTIVE COMPENSABLE FACTORS AND THE DATA IS INPUT INTO OUR COMPENSATION SYSTEM. THE ANNUAL COMPENSATION DATA IS ALSO SHARED WITH THE BOARD AND ANNUAL COMPENSATION BUDGETS ARE REVIEWED AND AUTHORIZED BY THE BOARD. INTERNALLY, THE PERFORMANCE MANAGEMENT SOFTWARE DETERMINES ONE'S PERFORMANCE AND CORRESPONDING COMPENSATION LEVEL. THE CEO REVIEWS AND APPROVES ALL STAFF AND MANAGEMENT LEVEL COMPENSATION, AND THE BOARD OVERSEES AND AUTHORIZES THE CEO PERFORMANCE MANAGEMENT AND COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 SANTA CRUZ COMMUNITY CREDIT UNION HAS LOBBY SIGNAGE INDICATING THAT OUR GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.