2017-11-09T19:53:21-06:00 2016-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2016-01-01 941031345 EDUCATIONAL EMPLOYEES CREDIT UNION EDUC 5594377731 2222 WEST SHAW AVENUE FRESNO CA 93711 ELIZABETH DOOLEY PRESIDENT/CEO 5594377731 2017-11-07 1 VALENTINO CREUS CPA P01054153 8189549700 108.95.190.209 2017-11-07 12:56:12 PS P F53CDBC3F18316389D6CFA617EE7B9AF17900040 AAA51A721A1433521015D48D976EB051C184777B 2016 2018-03-14 21:41:22Z ELIZABETH DOOLEY 2222 WEST SHAW AVENUE FRESNO CA 93711 106395819 0 X WWW.MYEECU.ORG X CREDIT UNION 1934 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 552 17 1192595 40624 0 0 75672608 82077830 22798281 23552751 0 0 98470889 105630581 741087 844678 0 0 29606823 31444560 0 0 0 41520148 51393756 71868058 83682994 26602831 21947587 2500850924 2748522101 2194815754 2423556670 306035170 324965431 X EDUCATIONAL EMPLOYEES 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, EDUCATIONAL EMPLOYEES CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH CONSUMER LOANS FROM A BROAD ARRAY OF PRODUCT OFFERINGS, INCLUDING VEHICLE LOANS, CREDIT CARDS AND PERSONAL LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH MORTGAGE LOANS, INCLUDING FIRST TRUST DEEDS, SECOND TRUST DEEDS AND HOME EQUITY LINES OF CREDIT. ACHIEVED SATISFACTORY RESULTS IN PROVIDING MEMBERS WITH A BROAD ARRAY OF DEPOSIT PRODUCT OFFERINGS, INCLUDING A HIGH-YIELD CHECKING ACCOUNT PRODUCT AND A PREMIUM-RATE TIERED SAVINGS PRODUCT. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 60571 0 1 552 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ELENA MARTIN CONTROLLER 5594377733 2222 WEST SHAW AVENUE FRESNO CA 93711 DEREK SCHARTON CHAIRPERSON 4.00 X 2506 0 0 MIKE SNELL VICE-CHAIRPERSON 2.00 X 2038 0 0 DAVID A ROBERTS TREASURER 2.00 X 760 0 0 PAUL HOKOKIAN SECRETARY 2.00 X 2751 0 0 CLEO BAUER BOARD MEMBER 2.00 X 1521 0 0 RICK BROWNING BOARD MEMBER 2.00 X 2998 0 0 BARBARA THOMAS BOARD MEMBER 2.00 X 159 0 0 JOHN TINKER BOARD MEMBER 2.00 X 2445 0 0 WALTER A FRANZELL BOARD MEMBER 2.00 X 2958 0 0 CAROL MUNSHOWER BOARD MEMBER (EMERITUS) 2.00 X 870 0 0 THOMAS BORCHARDT SUPV CMTE CHAIR 2.00 X 262 0 0 LISA CUTTS SUPV CMTE SECRETARY 2.00 X 1386 0 0 WILLIAM CLARK SUPV CMTE MEMBER 2.00 X 2682 0 0 PHILIP NEUFELD SUPV CMTE MEMBER 2.00 X 169 0 0 ALI NEKUMANESH SUPV CMTE MEMBER 2.00 X 228 0 0 ELIZABETH DOOLEY PRESIDENT/CEO 60.00 X 709677 0 553385 BEVERLY RYAN CFO 50.00 X 286828 0 34647 MARK PEREZ CLO 50.00 X 295355 0 55639 DENDA MATTHEWS COO 50.00 X 283620 0 45130 THOMAS GRAY SVP HR & FACILITIES 50.00 X 244157 0 56858 DICK ASHJIAN SVP RISK MGMT 50.00 X 241114 0 42924 ELENA MARTIN CONTROLLER 50.00 X 203882 0 23859 JULIE MATTERN SVP BRANCHES 50.00 X 200986 0 40742 BRADLEY TOWERS FINANCIAL REP 40.00 X 160070 0 19577 2649422 0 872761 28 0 1 0 DIGITAL INSIGHTINTUIT PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING SERVICES 3469291 JEFFREY SCOTT AGENCY 670 P STREET FRESNO CA 93721 ADVERTISING 1749368 DATA STATEMENT 23120 ALICIA PKWY STE 200 MISSION VIEJO CA 92692 MEMBER STATEMENTS 1349725 VISA USA PO BOX 60000-FILE 2953 SAN FRANCISCO CA 94160 VISA/DEBIT CARD 1127268 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 ATM MAINTENANCE 1100208 25 INTEREST ON LOANS 522100 50729698 50729698 OTHER OPERATING INCOME 522100 20810899 20003771 807128 FEE INCOME 522100 10537233 10151766 385467 82077830 23524218 23524218 793771 765238 28533 28533 28533 105630581 104437986 1192595 0 724678 120000 2649422 19472797 2680750 4790347 1851244 122245 353650 2298552 2982904 10741130 1053992 2587278 563291 9365365 2746366 518991 LOAN SERVICING EXPENSE 12519943 PROV. FOR LOAN LOSSES 3887982 MISC OPERATING EXPENSE 1652067 83682994 33073110 34854084 146281299 326108674 1266936 1115060 6182677 6465832 53355136 35358756 15918733 17996380 1207204001 1154535571 1042902561 1151114555 48021607 56331945 2500850924 2748522101 27588151 26869377 2167227603 2396687293 2194815754 2423556670 X 0 0 0 0 306035170 324965431 306035170 324965431 2500850924 2748522101 X 21947587 -3506487 489161 X X 0 1 X 1 0 3500 3500 3500 1 CCUL PAC 1201 K STREET 1050 SACRAMENTO CA 95814 940357265 2500 ANTHONY RENDON FOR STATE ASSEMBLY 1020 12TH STREET 406 SACRAMENTO CA 95814 1000 PART I-A, LINE 1: CONTRIBUTION TO CCUL - PAC THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR ANTHONY RENDON RUNNING FOR STATE ASSEMBLY. FOLLOWING IS THE NAME AND ADDRESS OF THE CAMPAIGN. ANTHONY RENDON 1020 12TH ST., #406 SACRAMENTO, CA 95814 ID# 1373599 5602451 5602451 10402933 4840928 5562005 13253675 10304729 2948946 24096077 20213099 3882978 17996380 LOANS AND LEASES 1117047499 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 22659556 C DEPOSITS IN COMMERCIAL BANKS 11407500 C 1151114555 TOTAL SHARES AND DEPOSITS 2396687293 2396687293 X PART X, LINE 2: FASB ASC 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 OF BEING 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, 2016 AND 2015, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 ACTIVE 20-30 CLUB OF MERCED #53 3144 NORTH G ST STE 125-327 MERCED CA 95340 320148898 501(C)(4) 5500 FMV SUPPORT ACTIVITIES FOR LOCAL YOUTH AMERICAN RED CROSS 2002 N FINE AVENUE FRESNO CA 93727 942240541 501(C)(3) 5321 FMV PROVIDE LOCAL ASSISTANCE WITH DISASTERS CASA OF FRESNO AND MADERA COUNTIES 1252 FULTON MALL FRESNO CA 93721 770401361 501(C)(3) 10000 FMV SUPPORT VOLUNTEERS TO ADVOCATE FOR ABUSED AND NEGLECTED CHILDREN CHILDREN'S MUSICAL THEATER 2425 FRESNO ST 101 FRESNO CA 93721 770289924 501(C)(3) 5000 FMV SUPPORT MUSICAL THEATER AND THE ARTS CLOVIS COMMUNITY FOUNDATION PO BOX 1531 CLOVIS CA 93613 421548926 501(C)(3) 13000 FMV PROMOTING EFFECTIVE PHILANTHROPY IN THE AREAS OF CULTURE, ARTS, AND RECREATION COS THEATER DEPARTMENT 915 S MOONEY BLVD VISALIA CA 93277 946003004 501(C)(5) 11500 FMV SUPPORT FOR THE ARTS FCOE 1111 VAN NESS AVE FRESNO CA 93721 946002210 FRESNO OFF EDUC 113000 FMV SUPPORT EDUCATION FDSA GOLF TOURNAMENT 1360 VAN NESS AVE FRESNO CA 93721 237377560 501(C)(6) 7500 FMV SUPPORT FOR GOLF TOURNAMENTS AND PROVIDE ASSISTANCE TO COMMUNITY FOUNDATION FOR CENTRAL SCHOOLS 4605 N POLK FRESNO CA 93722 562316616 501(C)(3) 5000 FMV SUPPORT CENTRAL UNIFIED SCHOOL PROGRAMS FOUNDATION FOR CLOVIS SCHOOLS 1450 HERNDON AVENUE CLOVIS CA 93611 770140576 501(C)(3) 10000 FMV SUPPORT PROGRAMS OF CLOVIS SCHOOLS FRESNO FAIR 1121 S CHANCE AVENUE FRESNO CA 93702 946001554 24000 FMV SUPPORT COMMUNITY ACITIVITIES FRESNO GRIZZLIES 1800 TULARE STREET FRESNO CA 93721 364577270 30000 FMV SUPPORT COMMUNITY ACITIVITIES FRESNO HISTORICAL SOCIETY 7160 W KEARNEY AVE FRESNO CA 93706 941531568 501(C)(3) 16000 FMV PROMOTION OF HISTORY FRESNO PHILHARMONIC 2377 W SHAW AVE FRESNO CA 93711 941309738 501(C)(3) 6500 FMV SUPPORT COMMUNITY ACITIVITIES CENTRAL VALLEY COMM FOUNDATION 5250 N PALM AVE 424 FRESNO CA 93704 770478025 501(C)(3) 51000 FMV SUPPORT FOR INVESTMENT AND LOCAL CONTROL OF PHILANTHROPIC RESOURCES FRESNO UNIFIED SCHOOL DISTRICT 2309 TULARE STREET FRESNO CA 93721 946002206 FRESNO USD 15000 FMV SUPPORT THE IMPROVEMENT OF STUDENT ACHIEVEMENT FRESNO ATHLETIC HALL OF FAME PO BOX 14088 FRESNO CA 93650 770111207 501(C)(3) 6000 FMV SUPPORT WORTHY ATHLETES AND ENCOURAGEMENT OF ATHLETIC ENDEAVORS IN FRESNO COUNTY PAIN PRESCRIPTION ABUSERS IN NEED 83 E SHAW SUITE 202 FRESNO CA 93710 900606073 501(C)(3) 5000 FMV PREVENT ABUSE OF NARCOTIC PRESCRIPTION DRUGS WHILE GIVING SUPPORT AND HOPE TO INDIVIDUALS AND FAMILIES CLOVIS UNIFIED SCHOOL DISTRICT 1450 HERNDON AVENUE CLOVIS CA 93611 942840774 CLOVIS USD 15000 FMV SUPPORT THE IMPROVEMENT OF STUDENT ACHIEVEMENT MARJAREE MASON CENTER 1600 M ST FRESNO CA 93721 941156639 501(C)(3) 10014 FMV SUPPORT STUDENT DEVELOPMENT BY ENCOURAGING COMMUNITY INVESTMENT AND INVOLVEMENT MERCED COUNTY OFFICE OF EDUCATION 632 W 13TH STREET MERCED CA 95341 946002379 MERCED OFF EDUC 12479 FMV SUPPORT MERCED COUNTY EDUCATION PROGRAMS SAINT AGNES FOUNDATION 1111 E SPRUCE AVE FRESNO CA 93720 941437713 501(C)(3) 10000 FMV SUPPORT FOR CHILDCARE AND WELLNESS SAN JOAQUIN VALLEY TOWN HALL PO BOX 5149 FRESNO CA 93755 941210921 501(C)(3) 20000 FMV SUPPORT SAN JOAQUIN VALLEY EDUCATION PROGRAMS CALIFORNIA OPERA GUILD 41885 YOSEMITE PINES DR OAKHURST CA 93644 263671215 501(C)(3) 5000 FMV ASSIST INTERNATIONAL YOUNG ARTISTS TO BECOME SELF-SUFFICIENT MUSICALLY AND DRAMATICALLY ASSOCIATION OF MEXICAN AMERICAN EDUCATORS PO BOX 86054 LOS ANGELES CA 900860054 952939170 501(C)(3) 5750 FMV SUPPORT ACCESS TO FINANCIAL RESOURCES FOR A QUALITY EDUCATION FOR MEXICAN AMERICAN/LATINO STUDENTS UC REGENTS 5200 LAKE ST MERCED CA 95343 270093858 CA STATE UNIV SYS 32300 FMV PROMOTION OF UC MERCED CAMPUS PROGRAMS UNITED WAY FRESNO COUNTY 4949 KINGS CANYON RD FRESNO CA 93727 941156514 501(C)(3) 14246 FMV SUPPORT THE IMPROVEMENT OF LIFE QUALITY IN THE COMMUNITY VALLEY CAREGIVER RESOURCE CENTER 3845 N CLARK ST 201 FRESNO CA 93726 770370104 501(C)(3) 5000 FMV SUPPORT FOR COMMUNITY ACTIVITIES AND CAREGIVERS VALLEY CRIME STOPPERS 7576 N INGRAM FRESNO CA 93711 770329094 501(C)(3) 12000 FMV SUPPORT CRIME PREVENTION VALLEY PUBLIC TELEVISION 1544 VAN NESS AVE FRESNO CA 93721 770162617 501(C)(3) 5000 FMV SUPPORT PUBLIC TELEVISION WHCC FOUNDATION 9900 CODY AVENUE COALINGA CA 93210 770186793 501(C)(3) 20000 FMV SUPPORT FOR EDUCATION MARCH OF DIMES 1530 E SHAW SUITE 102 FRESNO CA 93710 131846366 501(C)(3) 10231 FMV SUPPORT FOR HEALTH AND WELLNESS SALVATION ARMY WORLD SERVICE OFFICE 615 SLATERS LAND ALEXANDREA VA 22314 132923701 501(C)(3) 12500 FMV PROMOTES COMMUNITY-BASED INITIATIVES THAT PROVIDE DISASTER RELIEF, EDUCATION, EMPOWERMENT, AND PUBLIC HEATH SAN JOAQUIN RIVER PARKWAY 11605 OLD FRIANT ROAD FRESNO CA 93730 770196692 501(C)(3) 7500 FMV SUPPORT PRESERVATION OF THE SAN JOAQUIN RIVER STATE CENTER COMMUNITY COLLEGE FOUNDATION 390 W FIR AVE CLOVIS CA 93611 770190269 501(C)(3) 14000 FMV PROVIDE SUPPORTIVE SERVICES AND SPECIALIZED PROGRAMS FOR THE BENEFIT OF THE STATE CENTER COMMUNITY COLLEGE DISTRICT DINUBA UNIFIED SCHOOL DISTRICT 1327 EAST EL MONTE WAY DINUBA CA 93618 942191905 DINUBA USD 6000 FMV PROMOTE POSITIVE SCHOOL DISCIPLINE FOR IMPROVED SOCIAL AND EMOTIONAL HEALTH FRESNO PACIFIC UNIVERSITY 1717 S CHESTNUT AVE FRESNO CA 93702 941021164 501(C)(3) 12025 FMV SUPPORT FOR EDUCATION FRESNO POLICE CHAPLAINCY PO BOX 1271 FRESNO CA 93715 770304652 501(C)(3) 9500 FMV SUPPORT COMMUNITY LAW ENFORCEMENT FRESNO STATE ALUMNI ASSOCIATION 2625 E MATOIAN WAY SH124 FRESNO CA 937408000 941085570 501(C)(3) 8500 FMV SUPPORT STUDENTS AT FRESNO STATE FRESNO STATE FOUNDATION 4910 N CHESTNUT FRESNO CA 937261852 770217681 501(C)(3) 40250 FMV PROVIDE SUPPORTIVE SERVICES FOR SPONSORED PROGRAMS GIRL SCOUTS OF CENTRAL CALIFORNIA 1377 W SHAW AVE FRESNO CA 93711 946000662 501(C)(3) 7500 FMV SUPPORT GIRL SCOUT MISSION TO BUILD GIRLS WITH COURAGE, CONFIDENCE, AND CHARACTER JACK AND JILL OF AMERICA FOUNDATION 1930 17TH ST NW WASHINGTON DC 200096207 510224656 501(C)(3) 5000 FMV PROVIDE SUPPORT FOR ISSUES AFFECTING AFRICAN AMERICAN CHILDREN AND FAMILIES KINGS COUNTY OFFICE OF EDUCATION 1144 WEST LACEY BLVD HANFORD CA 932305956 770135892 KINGS OFF EDUC 11063 FMV SUPPORT KINGS COUNTY EDUCATION PROGRAM MADERA HIGH SCHOOL 200 SOUTH L STREET MADERA CA 93637 352247260 MADERA USD 6500 FMV SUPPORT MADERA HIGH SCHOOL STUDENTS ROOSEVELT SCHOOL OF THE ARTS PO BOX 15343 FRESNO CA 93702 464030014 501(C)(3) 5250 FMV SUPPORT STUDENTS OF ROOSEVELT SCHOOL OF THE ARTS SAM ACADEMY 750 N STREET SANGER CA 93657 453484626 501(C)(3) 5000 FMV SUPPORT SCIENCE, ART, AND MUSIC EDUCATION THROUGH COMMUNITY PROGRAMS ALZHEIMER'S ASSOCIATION 225 N MICHIGAN AVE FL 17 CHICAGO IL 60601 942897949 501(C)(3) 3250 FMV SUPPORT FOR ALZHEIMER CARE AND RESEARCH 34 13 EDUCATIONAL GRANTS 60 120000 FMV SCHEDULE I, PART 1, LINE 2 ALL RECIPIENTS MUST APPLY FOR THE SCHOLARSHIPS. ONCE AWARDED, STUDENTS MUST PROVIDE PROOF OF ENROLLMENT BEFORE GRANT FUNDS ARE PAID. X 1 1 X X X X 0 1 0 ELIZABETH DOOLEY PRESIDENT/CEO 589038 0 112690 0 7949 0 525097 0 28288 0 1263062 0 0 0 BEVERLY RYAN CFO 276173 0 10000 0 655 0 33900 0 747 0 321475 0 0 0 MARK PEREZ CLO 284700 0 10000 0 655 0 33900 0 21739 0 350994 0 0 0 DENDA MATTHEWS COO 272365 0 10600 0 655 0 33900 0 11230 0 328750 0 0 0 THOMAS GRAY SVP HR & FACILITIES 233277 0 10225 0 655 0 32987 0 23871 0 301015 0 0 0 DICK ASHJIAN SVP RISK MGMT 230459 0 10000 0 655 0 32690 0 10234 0 284038 0 0 0 ELENA MARTIN CONTROLLER 193227 0 10000 0 655 0 12467 0 11392 0 227741 0 0 0 JULIE MATTERN SVP BRANCHES 190331 0 10000 0 655 0 30268 0 10474 0 241728 0 0 0 BRADLEY TOWERS FINANCIAL REP 17554 0 142269 0 247 0 9777 0 9800 0 179647 0 0 0 PART I, LINE 4B THE CREDIT UNION OFFERS A 457B RETIREMENT PLAN THAT ALLOWS EXECUTIVES TO DEFER A SPECIFIED AMOUNT OF THEIR PRE-TAX INCOME FOR INVESTMENT. EMPLOYEES MAY MAKE DISCRETIONARY CONTRIBUTIONS TO THE PLAN BUT ARE NOT REQUIRED. EMPLOYEES ARE 100% VESTED AT THE TIME OF CONTRIBUTION. THE 457B FUNDS ARE INVESTED IN MUTUAL FUNDS AND OTHER INVESTMENT OPTIONS ALSO OFFERED IN THE CREDIT UNION'S 401K PLAN. CURRENTLY, THE FOLLOWING EXECUTIVES ARE ACTIVELY PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. IN 2016, $18,000 HAS BEEN CONTRIBUTED TO THE FOLLOWING EMPLOYEES PARTICIPATING IN THE 457B PLAN: ELIZABETH DOOLEY, BEVERLY RYAN, DENDA MATTHEWS, MARK PEREZ, THOMAS GRAY, DICK ASHJIAN, AND JULIE MATTERN. THE CREDIT UNION ALSO OFFERS A 457F WHICH IS FUNDED SOLELY BY A LIFE INSURANCE POLICY OWNED BY THE CREDIT UNION. CURRENTLY, ELIZABETH DOOLEY IS THE ONLY PARTICIPANT. INFORMATION OF THE LIFE INSURANCE IS BEING REPORTED ON FORM 8925. DENDA MATTHEWS OFFICER PLATINUM VISA X 32500 29023 0 1 1 THOMAS GRAY HCE HELOC X 74600 63734 0 1 1 MARK PEREZ OFFICER PLATINUM VISA X 35000 877 0 1 1 BEVERLY RYAN OFFICER PLATINUM VISA X 35000 1104 0 1 1 BEVERLY RYAN OFFICER 1ST T/D X 287000 255896 0 1 1 THOMAS GRAY HCE PLATINUM VISA X 32500 18652 0 1 1 THOMAS GRAY HCE 1ST T/D X 235000 201455 0 1 1 ELIZABETH DOOLEY OFFICER 1ST T/D X 287000 186337 0 1 1 JULIE MATTERN HCE PLATINUM VISA X 20500 15139 0 1 1 JULIE MATTERN HCE GOLD VISA X 20500 9151 0 1 1 MARK PEREZ OFFICER OD X 1000 1000 0 1 1 DICK ASHJIAN HCE PLATINUM VISA X 25000 3695 0 1 1 JULIE MATTERN HCE VEHICLE X 58441 42963 0 1 1 ELENA MARTIN HCE 1ST T/D X 96000 22790 0 1 1 DENDA MATTHEWS OFFICER LOC X 10000 4619 0 1 1 ELIZABETH DOOLEY OFFICER NEW AUTO X 40000 13040 0 1 1 ELENA MARTIN HCE PLATINUM VISA X 35000 4554 0 1 1 DICK ASHJIAN HCE VEHICLE X 37365 31348 0 1 1 BEVERLY RYAN OFFICER VEHICLE X 42817 31625 0 1 1 JULIE MATTERN HCE 1ST T/D X 170000 143446 0 1 1 ELENA MARTIN HCE VEHICLE X 25000 16888 0 1 1 ELIZABETH DOOLEY OFFICER PLATINUM VISA X 35000 5096 0 1 1 ELENA MARTIN HCE HELOC X 84000 4441 0 1 1 DENDA MATTHEWS OFFICER ENERGY X 9068 8187 0 1 1 1115060 DANIEL MARTIN DEPENDENT OF HIGHLY COMPENSATED EMPLOYEE 2000 EDUCATION FORM 990, PART VI, SECTION A, LINE 6 EDUCATIONAL EMPLOYEES 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. EDUCATIONAL EMPLOYEES CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF THE 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 RETURN IS REVIEWED BY THE CONTROLLER, CFO AND CEO. ADDITIONALLY THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND EMPLOYEES MUST ANNUALLY ATTEND A CODE OF CONDUCT TRAINING PRESENTATION WHICH INCLUDES CONFLICT OF INTEREST PROVISIONS. THEIR REQUIRED ATTENDANCE IS EVIDENCED THROUGH A SIGNED ACKNOWLEDGEMENT. IN ADDITION, ALL PROSPECTIVE DIRECTORS SIGN AN ADDITIONAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HIRES AN INDEPENDENT OUTSIDE FIRM THAT SPECIALIZES IN THIS AREA FOR BOTH THE ANNUAL REVIEW AND SALARY STRUCTURE FOR THE CEO. IN ADDITION THE CREDIT UNION USES THE RESULTS OF SEVERAL SURVEYS IN SETTING THE CEO'S COMPENSATION. FOR THE SVP'S AND ALL OTHER KEY EMPLOYEES SURVEYS ARE CONSULTED WHICH SUPPORT SALARY LEVELS AND DUTIES. ALL EMPLOYEES RECEIVE ANNUAL REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 CERTAIN GOVERNING DOCUMENTS AND POLICIES MAY BE MADE AVAILABLE BY WRITTEN REQUEST THROUGH THE CREDIT UNION'S BOARD APPROVED RECORDS INSPECTION POLICY. FINANCIAL STATEMENTS ARE POSTED AND AVAILABLE TO THE PUBLIC AT EACH CREDIT UNION BRANCH OFFICE ON A MONTHLY BASIS. IN ADDITION, AN ANNUAL REPORT IS MADE AVAILABLE AT THE CREDIT UNION'S ANNUAL MEETING OF MEMBERS. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -851,132. EQUITY ACQUIRED IN MERGER 1,340,293. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SO VAL TEL FEDERAL CREDIT UNION MERGED INTO EDUCATIONAL EMPLOYEES CREDIT UNION EFFECTIVE NOVEMBER 15, 2016. EDUCATORS FINANCIAL & INSURANCE SERVICES 2222 W SHAW AVENUE FRESNO CA 93711 770244291 DORMANT CORPORATION NOT CURRENTLY CONDUCTING BUSINESS CA EDUCATIONAL EMPLOYEES CREDIT UNION C 5000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0