2019-11-12T15:28:36-06:00 2018-12-31 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2018-01-01 951184903 SAN DIEGO COUNTY CREDIT UNION SAND 8777322848 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 ASHLEE MICALE CFO 8777322848 2019-11-12 1 YONG ZHANG CPA P01249785 7033366400 66.98.98.134 2019-11-12 09:25:57 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5BB3B986E96693C9FA12ABDB8E5DE88F5CFF60A5 2018 2020-04-17 16:48:07Z TERESA CAMPBELL 6545 SEQUENCE DRIVE SAN DIEGO CA 92121 334487959 0 X WWW.SDCCU.COM X 1938 CA STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS 10 9 1053 13 2610490 0 0 0 257046621 279962525 39740508 39143224 6444562 13544716 303231691 332650465 0 0 0 0 59069036 71255671 0 0 0 142668425 155111625 201737461 226367296 101494230 106283169 8262116445 8150276552 7060879199 6842756889 1201237246 1307519663 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 78980 0 1 1053 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 5784 0 0 PATRICIA HONEYCUTT DIRECTOR 1.00 X 0 0 0 RICHARD COLLINS DIRECTOR 1.00 X 1096 0 0 STEVE REUEL DIRECTOR 1.00 X 4115 0 0 SHIRLEY JACKSON DIRECTOR 1.00 X 0 0 0 LAURIE LEVENSON DIRECTOR 1.00 X 587 0 0 CHRISTOPHER HART DIRECTOR 1.00 X 352 0 0 KEN VAN RIPER DIRECTOR 1.00 X 4700 0 0 HEATHER BENJAMIN DIRECTOR 1.00 X 448 0 0 TERESA CAMPBELL CEO & PRESIDENT 40.00 X X 1763983 0 1516118 ASHLEE N MICALE EXECUTIVE VP & CFO 40.00 X 531142 0 47009 CHITRAPHOL T VONGSAWAD COSO 40.00 X 505054 0 131822 CAROLYN KISSICK EVP, OPER. & ENTER. RISK MGMT 40.00 X 477289 0 112352 PATRICK M COSGROVE EVP, CHIEF LENDING OFFICER 40.00 X 440635 0 50424 NATHAN S SCHMIDT EVP, BRAND STRATEGY AND DIGITAL CHANNELS 40.00 X 438184 0 19386 MICHELLE PAGNI EVP, HUMAN RESOURCES 40.00 X 435642 0 -1073 VALERIE KWIATKOWSKI EVP, IT 40.00 X 425533 0 22938 DALE CHRISTOPHER TURNER EVP, CHIEF SALES & SVC. (ENDING 09/18) 40.00 X 291268 0 -41796 BRADLEY W BATES SENIOR VP, INTERNAL AUDIT 40.00 X 272066 0 26135 SCOTT MAXWELL SENIOR VP, CHIEF IT SECURITY OFR 40.00 X 271704 0 36258 ERWIN SANTOS LEAD SYSTEMS ENGINEER 40.00 X 270943 0 27617 MICHAEL CORPUZ SENIOR VP, BUSINESS LENDING 40.00 X 267116 0 20027 EDWARD MARR SENIOR VP, INVESTMENT OFFICER 40.00 X 256839 0 27601 6664480 0 1994818 113 0 1 0 SHEPPARD MULLIN RICHTER & HAMPTON LLP 333 SOUTH HOPE STREET LOS ANGELES CA 90071 LEGAL SERVICES 3460826 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 1242377 MICROSOFT CORPORATION 1950 N STEMMONDS FWY SUITE 5010 DALLAS TX 75207 SOFTWARE 800858 KPMG LLP PO BOX 120922 DALLAS TX 753120922 AUDIT SERVICES 672296 AVTEX SOLUTIONS 3500 AMERICAN BLVD W SUITE 300 BLOOMINGTON MN 55431 CUSTOMER EXPERIENCE CONSULTING 591185 44 INTEREST INCOME 522100 215755783 215755783 FEE INCOME 522100 64206742 63631547 575195 279962525 35940718 35940718 5040000 1837494 3202506 3202506 3202506 OTHER INCOME 522100 10986960 8951665 2035295 MEMBER INVESTMENT SERVICES 522100 2557756 2557756 13544716 332650465 290896751 2610490 39143224 7182995 47986901 1547120 8526983 6011672 3328634 837798 7552464 16109215 4647235 7676409 17771492 898113 42277434 10729523 734179 LOAN PROCESSING EXPENSE 13962735 OTHER OPERATING EXPENSE 10356743 PROVISION FOR LOAN LOSS 10250000 FRAUD LOSS 2863692 5115959 226367296 361702951 576456653 6371205961 6574076119 4971955 7286369 146616434 97860006 54052806 48756428 1226839731 716534530 243343041 227166453 8262116445 8150276552 62515360 41817475 6998363839 6800939414 7060879199 6842756889 X 0 0 0 0 1201237246 1307519663 1201237246 1307519663 8262116445 8150276552 106283169 -752 0 X 0 1 X 1 0 15000 0 15000 15000 1 CA CREDIT UNION LEAGUE 2855 E GUASTI RD STE 600 ONTARIO CA 91761 940357265 15000 PART I-A, LINE 1: SDCCU HAD A $15K POLITICAL ACTION COMMITTEE CONTRIBUTION TO THE CA CREDIT UNION LEAGUE IN DECEMBER 2018. 12020901 12020901 38322008 21551669 16770339 18896575 17725818 1170757 77376950 58582519 18794431 48756428 GOVERNMENT INVESTMENTS 100593 F GOVERNMENT INVESTMENTS 699183937 C FHLB OF SAN FRANCISCO 17250000 F 716534530 MEMBERS' SHARES 6800939414 6800939414 X 332649713 -752 -752 332650465 0 332650465 226367296 0 226367296 0 226367296 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, 2018 AND 2017, 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 919252 0 828000 0 16731 0 1496176 0 19942 0 3280101 0 0 0 ASHLEE N MICALE EXECUTIVE VP & CFO 391142 0 140000 0 0 0 27087 0 19922 0 578151 0 0 0 CHITRAPHOL T VONGSAWAD COSO 397854 0 100000 0 7200 0 114377 0 17445 0 636876 0 0 0 CAROLYN KISSICK EVP, OPER. & ENTER. RISK MGMT 347289 0 130000 0 0 0 102914 0 9438 0 589641 0 0 0 PATRICK M COSGROVE EVP, CHIEF LENDING OFFICER 330635 0 110000 0 0 0 26701 0 23723 0 491059 0 0 0 NATHAN S SCHMIDT EVP, BRAND STRATEGY AND DIGITAL CHAN 307784 0 125000 0 5400 0 10771 0 8615 0 457570 0 0 0 MICHELLE PAGNI EVP, HUMAN RESOURCES 325642 0 110000 0 0 0 -5761 0 4688 0 434569 0 0 0 VALERIE KWIATKOWSKI EVP, IT 345533 0 80000 0 0 0 10850 0 12088 0 448471 0 0 0 DALE CHRISTOPHER TURNER EVP, CHIEF SALES & SVC. (ENDING 09/1 291268 0 0 0 0 0 -48542 0 6746 0 249472 0 0 0 BRADLEY W BATES SENIOR VP, INTERNAL AUDIT 217066 0 55000 0 0 0 10282 0 15853 0 298201 0 0 0 SCOTT MAXWELL SENIOR VP, CHIEF IT SECURITY OFR 219204 0 52500 0 0 0 10909 0 25349 0 307962 0 0 0 ERWIN SANTOS LEAD SYSTEMS ENGINEER 265943 0 5000 0 0 0 11000 0 16617 0 298560 0 0 0 MICHAEL CORPUZ SENIOR VP, BUSINESS LENDING 232116 0 35000 0 0 0 10719 0 9308 0 287143 0 0 0 EDWARD MARR SENIOR VP, INVESTMENT OFFICER 216839 0 40000 0 0 0 10084 0 17517 0 284440 0 0 0 PART I, LINE 1A THE FOLLOWING DIRECTORS WERE PROVIDED BENEFITS AND REIMBURSEMENTS RELATING TO TRAVEL FOR COMPANIONS: ILAN AWERBUCH - $5,784 RICHARD COLLINS - $1,096 STEVE REUEL - $4,115 LAURIE LEVENSON - $587 CHRISTOPHER HART - $352 KEN VAN RIPER - $4,700 HEATHER BENJAMIN - $448 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, 2017, 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 - $1,485,176 CHITRAPHOL T. VONGSAWAD - $103,377 ASHLEE N. MICALE - $16,516 CAROLYN KISSICK - $91,914 PATRICK M. COSGROVE - $15,701 MICHELLE PAGNI - $(-16,761) NATHAN S. SCHMIDT - $860 DALE CHRISTOPHER TURNER - $(-59,542) 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 EXECUTIVE OFFICER ("CEO") AND CHIEF FINANCIAL OFFICER ("CFO"), 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 492922 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