2018-11-13T13:41:11-06:00 2017-12-31 910189318 MOSS ADAMS LLP 2882 PROSPECT PARK DR STE 300 RANCHO CORDOVA CA 95670 990 2017-01-01 941189841 SCHOOLS FINANCIAL CREDIT UNION SCHO 9165695400 1485 RESPONSE ROAD NO 126 SACRAMENTO CA 95815 TIMOTHY MARRIOTT CEO 9165695400 2018-10-29 1 WENDY CAMPOS P00448102 9165038100 2018-10-29 12.129.7.100 2018-10-29 15:51:05 PD P F565611BDA9E00D03FA055086BAA92DB14EC1355 667A83713FFC27FB89C083C35781BFE90C4413F6 2017 2019-02-21 02:37:17Z TIMOTHY MARRIOTT 1485 RESPONSE ROAD NO 126 SACRAMENTO CA 95815 75204418 0 X WWW.SCHOOLS.ORG X 1933 CA TO PROVIDE MEMBERS WITH BETTER VALUE AND OUTSTANDING SERVICE. 7 7 361 21 395630 -513161 0 0 54373789 64312642 12172385 9646518 438149 464097 66984323 74423257 28925 28587 3737339 0 23764187 23707263 0 0 0 23470229 29957991 51000680 53693841 15983643 20729416 1783183316 1906068581 1600037027 1702527920 183146289 203540661 X TO PROMOTE THRIFT AND SAVINGS AMONG MEMBERS, TO CREATE A SOURCE OF CREDIT FOR MEMBERS AT INTEREST RATES SET BY THE BOARD OF DIRECTORS, AND TO PROVIDE MEMBERS WITH AN OPPORTUNITY TO USE AND CONTROL THEIR MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 0 0 SCHOOLS FINANCIAL CREDIT UNION (SCHOOLS FINANCIAL) IS A MEMBER OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE DEDICATED TO SERVING THE FINANCIAL NEEDS OF ITS MEMBERS. ITS PURPOSE IS TO BE THE PRIMARY FINANCIAL INSTITUTION FOR COMMUNITY MEMBERS IN ITS SERVICE AREA. ITS MISSION IS TO PROVIDE MEMBERS WITH BETTER VALUE AND OUTSTANDING SERVICE.SCHOOLS FINANCIAL FOSTERS A CULTURE OF "PEOPLE HELPING PEOPLE" THROUGHOUT THE ORGANIZATION, AND ITS INTERACTION WITH MEMBERS EPITOMIZES THE STANDARDS OF ETHICAL BEHAVIOR. SCHOOLS FINANCIAL TREATS ALL MEMBERS WITH RESPECT AND DIGNITY AND PROVIDES SERVICES TO SAVERS AND BORROWERS IN A DEMOCRATIC FASHION. SCHOOLS FINANCIAL OFFERS ITS MEMBERS AN ECONOMIC ADVANTAGE COMBINED WITH COURTEOUS, COMPETENT, AND TIMELY SERVICE. IT VALUES OPEN, HONEST, TWO-WAY COMMUNICATION WITH ITS MEMBERS. SCHOOLS FINANCIAL SOLICITS INPUT FROM ITS MEMBERS TO FACILITATE COMMUNICATION AND TO MEASURE SERVICE QUALITY. SCHOOLS FINANCIAL IS COMMITTED TO CONSTANTLY IMPROVING ITS OVERALL OPERATIONAL EFFICIENCY, ITS SERVICE DELIVERY CONVENIENCE AND THE LEVEL OF PROFESIONAL SERVICE IT PROVIDES TO ITS MEMBERS. IT MEETS ITS MEMBERS' EXPECTATIONS FOR PRICE ADVANTAGE, QUALITY SERVICE AND CONVENIENCE BY REMAINING FINANCIALLY STRONG AND VIABLE.SCHOOLS FINANCIAL COMMUNICATES ITS SERVICES IN A MEANINGFUL WAY SO THAT MEMBERS, POTENTIAL MEMBERS, LEGISLATORS, REGULATORS AND THE COMMUNITY-AT-LARGE UNDERSTAND AND APPRECIATE THE UNIQUE ROLE THAT MEMBER-OWNED FINANCIAL COOPERATIVES PLAY IN THEIR LIVES. ITS COMMITMENT TO MEMBERS IS CONSISTENT WITH ITS PRINCIPLES OF "FOR SERVICE, NOT FOR PROFIT, NOT FOR CHARITY AND ITS PHILOSOPHY OF "PEOPLE HELPING PEOPLE". THIS COMMITMENT REPRESENTS THE SOUND BUSINESS PRACTICES THAT ENSURE THE FINANCIAL STRENGTH OF SCHOOLS FINANCIAL FOR ITS MEMBERS. AS OF DECEMBER 31,2017, SCHOOLS FINANCIAL HAD ELEVEN BRANCHES, 143,898 MEMBERS, TOTAL ASSETS OF $1,906,068,581, TOTAL OUTSTANDING LOANS OF $1,277,804,667, AND TOTAL DEPOSITS OF $1,684,455,706. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 53136 0 1 361 1 1 1 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X TODD DEVOOGD 9165695400 1485 RESPONSE ROAD SUITE 126 SACRAMENTO CA 95815 MARIE B SMITH CHAIR 1.00 X X 0 0 0 EUGENE J HOUGHTON JR VICE CHAIR (THROUGH 9/26/17) 1.00 X X 0 0 0 THERESA MATISTA VICE CHAIR 1.00 X X 0 0 0 DOLORES BLEEKMAN SECRETARY 1.00 X X 0 0 0 DOUGLAS SATO TREASURER 1.00 X X 5037 0 0 LUTHER NOLEN DIRECTOR 1.00 X 3876 0 0 EMILIO MARTINEZ DIRECTOR 1.00 X 1759 0 0 GREG SMITH DIRECTOR 1.00 X 0 0 0 TIMOTHY MARRIOTT PRESIDENT/CEO 40.00 X 697322 0 445156 TODD DEVOOGD SVP FINANCE/CFO 40.00 X 246233 0 39961 ERIC LINDSTROM SVP INFORMATION SERVICES/CIO 40.00 X 380214 0 -78336 STEVE LANGLEY SVP MEMBER SERVICES/CHIEF RETAIL OFFICER 40.00 X 224908 0 34630 TOM KUANG VP TECHNOLOGY/CTO 40.00 X 188742 0 32507 LISA MACKAY VP HUMAN RESOURCES AND COMPLIANCE 40.00 X 190634 0 19953 CATHY GRIMES VP MARKETING 40.00 X 182908 0 18833 MELINDA BROWNING LOAN COUNSELOR 40.00 X 214310 0 24654 LINDSAY SHORES LOAN COUNSELOR 40.00 X 222051 0 35198 2557994 0 572556 31 0 1 0 DIEBOLD INC 5995 MAYFAIR ROAD NORTH CANTON OH 44720 ATM SERVICING 370385 RUBICON PROPERTY MANAGEMENT 3400 DOUGLAS BLVD SUITE 255 ROSEVILLE CA 95661 PROPERTY MANAGEMENT 263077 CLEAR CHANNEL OUTDOOR 401 SLOBE AVENUE SACRAMENTO CA 95815 ADVERTISING 199853 CORNERSTONE ADVISORS INC 7272 E INDIAN SCHOOL RD 400 SCOTTSDALE AZ 85251 NEGOTIATION SERVICES 195393 DFS - DOCUMENT FULFILLMENT SERVICES 2930 RAMONA AVE 100 SACRAMENTO CA 95826 PRINTING SERVICES 190765 11 LOAN INTEREST INCOME 522100 42915148 42915148 FEES & SERVICE CHARGE INCOME 522100 16734828 16639040 95788 OTHER INCOME 522100 4321032 4021190 299842 GAIN ON SALE OF LOANS HELD FOR SA 522100 341634 341634 64312642 9662223 9662223 1229553 765456 464097 464097 464097 15705 -15705 -15705 -15705 74423257 63917012 395630 10110615 6722 21865 2000762 16891662 997095 2445495 1372249 305470 86500 259472 781395 1600420 3498609 2187644 60675 305619 4175396 1122834 317430 OUTSIDE SERVICES 6758764 PROVISION FOR LOAN LOSS 6200000 MISCELLANEOUS 2021600 DUES AND EXAM FEES 276163 53693841 99554874 128690279 1000000 1000000 3424536 3138788 7800000 7830915 1087213399 1277138370 1232130 1470045 60823399 41008880 21218780 19814519 508080855 411329220 53658742 55656445 1783183316 1906068581 13787696 16297710 1481367 1774504 1584767964 1684455706 1600037027 1702527920 X 0 0 0 0 183146289 203540661 183146289 203540661 1783183316 1906068581 20729416 -335044 0 X 0 1 X 1 0 0 1 X 5802285 5802285 28225555 17722339 10503216 3041762 2834951 206811 23263179 20451590 2811589 490618 490618 19814519 MEMBER SHARES 1654455706 STATE OF CALIFORNIA TREASURY DEPOSIT 30000000 1684455706 X 75188713 765456 765456 74423257 0 74423257 54459297 765456 765456 53693841 0 53693841 PART IV, LINE 2B: THE ESCROW ACCOUNTS HOLD AMOUNTS TO BE USED TO PAY THOSE MEMBERS' HOMEOWNERS' INSURANCE PREMIUMS AND PROPERTY TAXES WHEN DUE AND ARE COLLECTED WITH THE MEMBERS' MORTGAGE PAYMENTS. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE 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. FASB ASC TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE 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, 2017 AND 2016, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSED FROM FUNCTIONAL EXPENSES 765,456. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSED TO STATEMENT OF REVENUE 765,456. 1 SACRAMENTO FOOD BANK AND FAMILY SERVICES 3333 3RD AVENUE SACRAMENTO CA 95817 943315566 501(C)(3) 4000 2722 ACTUAL COST BOTTLED WATER RUN TO FEED THE HUNGRY 1 0 NEWS 10 TEACHER OF THE YEAR 1 5000 65 ACTUAL COST SPORT BAG, MUG, NOTEPADS, PENS, PENCILS, HAND SANITIZER, CHAPSTICK, MINTS, CLIPS NEWS 10 TEACHER OF THE MONTH 12 12000 900 ACTUAL COST SPORT BAG, MUG, NOTEPADS, PENS, PENCILS, HAND SANITIZER, CHAPSTICK, MINTS, CLIPS EDUCATION MATTERS GRANTS 13 3900 0 PART I, LINE 2: SCHOOLS FINANCIAL PARTNERS WITH SACRAMENTO'S CHANNEL 10 TO PROVIDE AWARDS TO EXCEPTIONAL TEACHERS THAT CHANNEL 10 HAS DESIGNATED AS TEACHERS OF THE MONTH OR TEACHERS OF THE YEAR. SCHOOLS FINANCIAL'S EDUCATION MATTERS GRANTS ARE DEVISED TO HELP CLASSROOM TEACHERS AFFORD THE SUPPLIES THEY NEED FOR THEIR STUDENTS TO LEARN EFFECTIVELY AND FURTHER EVIDENCE SCHOOLS FINANCIAL'S COMMITMENT TO THE FIELD OF EDUCATION. SCHOOLS FINANCIAL IS ONE OF THE SPONSORS OF THE ANNUAL RUN TO FEED THE HUNGRY WHICH RAISES FUNDS FOR THE SACRAMENTO FOOD BANK; THIS IS A WAY FOR SCHOOLS FINANCIAL TO GIVE BACK TO THE COMMUNITY. X 1 1 X X X 0 1 0 TIMOTHY MARRIOTT PRESIDENT/CEO 509687 0 171000 0 16635 0 425298 0 19858 0 1142478 0 0 0 TODD DEVOOGD SVP FINANCE/CFO 237823 0 15025 0 -6615 0 17098 0 22863 0 286194 0 0 0 ERIC LINDSTROM SVP INFORMATION SERVICES/CIO 225678 0 15267 0 139269 0 -94981 0 16645 0 301878 0 121131 0 STEVE LANGLEY SVP MEMBER SERVICES/CHIEF RETAIL OFF 207638 0 14395 0 2875 0 14708 0 19922 0 259538 0 0 0 TOM KUANG VP TECHNOLOGY/CTO 182913 0 12321 0 -6492 0 13174 0 19334 0 221250 0 0 0 LISA MACKAY VP HUMAN RESOURCES AND COMPLIANCE 174164 0 12023 0 4447 0 12461 0 7492 0 210587 0 0 0 CATHY GRIMES VP MARKETING 173825 0 8140 0 943 0 10369 0 8463 0 201740 0 0 0 MELINDA BROWNING LOAN COUNSELOR 48852 0 165346 0 112 0 13567 0 11087 0 238964 0 0 0 LINDSAY SHORES LOAN COUNSELOR 42934 0 184188 0 -5071 0 15214 0 19984 0 257249 0 0 0 PART I, LINE 1A THE CREDIT UNION REIMBURSES BOTH THE DIRECTORS AND THEIR SPOUSES FOR THE COSTS INCURRED IN ATTENDING CREDIT UNION RELATED CONFERENCES/MEETINGS. THE SPOUSAL REIMBURSEMENT, IF IT IS IN EXCESS OF $600, IS INCLUDED ON A 1099 FILED IN THE NAME OF THE SPOUSE. PART I, LINE 4B THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN IN PLACE FOR CERTAIN EXECUTIVES AS DESCRIBED IN SECTION 457(F). THE PAYOUT CALCULATIONS ARE PERFORMED UPON RETIREMENT AND BASED ON COMPENSATORY AMOUNTS CALCULATED PER A FORMULA APPROACH TAKING INTO ACCOUNT THE PRIOR FIVE YEARS COMPENSATION AMOUNTS. AMOUNTS ACCRUED UNDER SUCH PLAN ARE PROPERLY REFLECTED IN PART VII, COLUMN F AND IN SCHEDULE J, PART II, COLUMN C. ONE PERSON RECEIVED A DISTRIBUTION DURING 2017 AND IT IS CORRECTLY REPORTED IN PART VII, AS REPORTABLE COMPENSATION, AND SCHEDULE J, PART II, COLUMN (B)(III). ADDITIONAL TERMS AND CONDITIONS OF SUCH PLAN ARE AVAILABLE TO THE IRS UPON REQUEST. TIMOTHY MARRIOTT OFFICER SPLIT-DOLLAR LIFE ARRANGEMENT X 4600000 4618232 0 1 1 TODD DEVOOGD OFFICER SPLIT-DOLLAR LIFE ARRANGEMENT X 1225000 1229855 0 1 1 STEVE LANGLEY KEY EMPLOYEE SPLIT-DOLLAR LIFE ARRANGEMENT X 1975000 1982828 0 1 1 7830915 FORM 990, PART VI, SECTION A, LINE 4 THE QUALIFICATIONS SECTION OF THE CREDIT UNION'S BYLAWS WAS AMENDED TO EXPAND THE FIELD OF MEMBERSHIP TO ANY AND ALL PERSONS WHO LIVE, REGULARLY WORK, CURRENTLY ATTEND SCHOOL OR REGULARLY WORSHIP IN NAPA AND SONOMA COUNTIES AS WELL AS TO ANY AND ALL BUSINESSES, CORPORATIONS, ORGANZIATIONS OR ASSOCIATIONS CURRENTLY LOCATED IN THESE COUNTIES. ADDITIONALLY, THE FIELD OF MEMBERSHIP WAS EXPANDED TO INCLUDE EMPLOYEES OF PUBLIC AND PRIVATE SCHOOLS WITHIN SHASTA, SAN DIEGO, TULARE, ALAMEDA, CONTRA COSTA AND STANISLAUS COUNTIES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE WILL REVIEW THE DRAFT OF THE FORM 990. THE COMPLETED FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND AN ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST POLICY ("STATEMENT"). THE STATEMENT REQUIRES THE SIGNATORY TO ANNUALLY AFFIRM THAT HE/SHE HAS RECIEVED, READ, AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY AND AGREES TO COMPLY WITH THE POLICY. THE STATEMENT ASKS A SERIES OF QUESTIONS DESIGNED TO REVEAL ANY POTENTIAL CONFLICTS OF INTEREST. THE SIGNATORY MUST EXPLAIN ANY POTENTIAL CONFLICTS OF INTEREST ON THE STATEMENT. THE MEMBERS OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE, AS WELL AS THE CEO AND ALL OF THE VICE PRESIDENTS, MUST SIGN THE STATEMENT EACH YEAR. THE EXECUTIVE DEPARTMENT MAINTAINS A RECURRING EVENTS LIST TO ENSURE THAT THE ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST POLICY IS SIGNED EVERY YEAR BY THE PERTINENT INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT/CEO: THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR PREPARING THE CEO'S ANNUAL REVIEW, WHICH IS SUBMITTED ANNUALLY TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. ANNUALLY, THE EXECUTIVE COMMITTEE PRESENTS TO THE BOARD OF DIRECTORS A RECOMMENDATION FOR THE PRESIDENT/CEO'S MERIT RATING. THIS RECOMMENDATION WILL BE BASED ON THE PRESIDENT/CEO'S ANNUAL RESULTS AND WILL BE STATED IN TERMS OF THE STANDARD SCHOOLS' PERFORMANCE CATEGORIES. IN CONJUNCTION WITH THE MERIT RATING, THE EXECUTIVE COMMITTEE RECOMMENDS A PERFORMANCE BONUS AND SALARY INCREASE BASED ON THE CURRENT SCHOOLS' MERIT RATING CHART. THE PERFORMANCE BONUS IS CALCULATED BASED ON SUCCESS IN MEETING PRE-DETERMINED GOALS. THE BOARD OF DIRECTORS WILL ESTABLISH THE AMOUNT OF THE SALARY INCREASE (IF ANY) THAT WILL BE GRANTED TO THE PRESIDENT/CEO. THE MIDPOINT SALARY FOR THE PRESIDENT/CEO, AND PERFORMANCE BONUS TARGET, ARE ESTABLISHED ANNUALLY BY CONSULTING THE CALIFORNIA AND NEVADA CREDIT UNION'S BURNS-FAZZI, BROCK AND ASSOCIATES (BFB) SUMMIT ROUND TABLE (SRT) EXECUTIVE COMPENSATION SURVEY AND THE REWARDS STRATEGIES GROUP'S (RSG) COMPENSATION SURVEY OF BILLION DOLLAR CREDIT UNION CEOS. THE SRT EXECUTIVE COMPENSATION SURVEY IS AN ANNUAL SURVEY OF SRT CREDIT UNION MEMBERS. THE LEAGUE CONDUCTS THIS SURVEY AS A SERVICE TO SRT CREDIT UNIONS, PROVIDING THEM WITH COMPARATIVE PEER DATA FOR EXECUTIVE COMPENSATION, BENEFIT, AND DEMOGRAPHIC INFORMATION. BASED ON THE RESULTS OF THESE SURVEYS, THE EXECUTIVE COMMITTEE WILL RECOMMEND A MIDPOINT ADJUSTMENT TO THE BOARD OF DIRECTORS, IF NECESSARY. THE SCHOOLS' SURVEY RANGE WILL EXTEND FROM 80% OF ESTABLISHED MIDPOINT TO 120% OF THAT MIDPOINT. OTHER OFFICERS AND KEY EMPLOYEES: THE PRESIDENT/CEO COMPLETES ANNUAL REVIEWS OF THE OTHER OFFICERS AND KEY EMPLOYEES. THE ANNUAL RESULTS OF THESE EMPLOYEES ARE EVALUATED IN TERMS OF THE STANDARD SCHOOLS' PERFORMANCE CATEGORIES. THE MIDPOINT SALARY FOR THESE EMPLOYEES IS ESTABLISHED ANNUALLY BY CONSULTING THE CALIFORNIA AND NEVADA CREDIT UNION'S BURNS-FAZZI, BROCK AND ASSOCIATES (BFB) SUMMIT ROUND TABLE (SRT) EXECUTIVE COMPENSATION SURVEY. BASED ON THE RESULTS OF THIS SURVEY, THE EXECUTIVE COMMITTEE WILL RECOMMEND A MIDPOINT ADJUSTMENT TO THE BOARD OF DIRECTORS, IF NECESSARY. THIS MIDPOINT IS APPROXIMATELY EQUAL TO THE MEDIAN BASE SALARY FOR EACH EMPLOYEE'S RESPECTIVE POSITION AS SHOWN IN THE ABOVE MENTIONED SURVEY. THE SCHOOLS' SALARY RANGE WILL EXTEND FROM 80% OF THE ESTABLISHED MIDPOINT TO 120% OF THAT MIDPOINT. FORM 990, PART VI, SECTION C, LINE 19 CREDIT UNION GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE CREDIT UNION ALSO PUBLISHES A BROCHURE WHICH DESCRIBES THE WAY IT CONDUCTS ITS BUSINESS. THE CREDIT UNION'S ANNUAL REPORTS CAN BE VIEWED ON ITS WEBSITE. A COPY OF THE CREDIT UNION'S FINANCIAL STATEMENTS CAN BE REQUESTED. WE FILE A QUARTERLY 5300 REPORT WITH NCUA AND THE CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT.